Willamette Community Bank reported earnings results for the first quarter of 2016. The company has also reported net income of $115,703 or $0.12 per share for first quarter of 2016, up from $105,233 or $0.11 per share in the second quarter of 2015. The 2016 results include approximately $50,000 of nonrecurring expenses primarily relating to the CFO transition. Adjusting for nonrecurring items, net income was $151,000 or $0.15 per share, a 36% improvement year over year and represents continued improvement in core earnings.