Willamette Community Bank Opens New Branch in Salem, Oregon; Reports Earnings Results for the Year 2016
The company reported earnings results for the year 2016. The Bank experienced record core earnings (earnings before taxes and provision for loan losses) in 2016 ($819,519 compared to $793,270 in 2015). Net income for the year was $558,000 or $0.55 per share for 2016 compared to $590,000 or $0.58 per share for 2015.