Willamette Community Bank reported earnings results for the fourth quarter and full year ended December 31, 2017. Net income for 2017 was $440,000 versus $559,000 in 2016. The lower income was a direct result of increased operating and occupancy expenses associated with the Salem expansion. On a linked quarter basis, net income was $127,000 versus $118,000 in third quarter 2017, reflecting the continued growth in earning assets. Fourth quarter 2017 included two one-time events, an increase taxes relating to the late-year tax code changes and the collection of a prepayment penalty. Pretax, pre-provision income is a better indicator of changes in core operating profitability.