About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Oregon Bancorp Announces First Quarter Earnings

First quarter 2023 net earnings of $1.3 million, or $0.55 per common share

Quarterly return on average assets of 1.4% and return on average equity of 7.3%

Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, reported net income for the first quarter totaled $1.3 million resulting in an annualized return on average assets of 1.4% and a return on average equity of 7.3%. This compares to net income of $2.6 million from the first quarter of 2022.

Total assets decreased $6.8 million, or 1.7%, during the quarter primarily due to a decline of $7.7 million in deposits. Commercial loan balances, however, increased $10.8 million during the same period. Bank asset quality and capital remain good which permitted the Board of Directors to distribute a $0.52 per share quarterly dividend on April 17, 2023.

Ryan Dempster, President and CEO, commented “Quarterly earnings were relatively consistent with the fourth quarter of 2022. Although lending rates have increased resulting in less residential mortgage lending, we are pleased to experience good commercial loan growth during the quarter.”

About Oregon Bancorp, Inc.

Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank (Bank), a community bank headquartered in Salem, Oregon. The Bank conducts commercial and retail banking activities at four full-service branch locations in Salem, Keizer, Silverton, and Albany, Oregon. The Bank also operates 13 Home Loan Centers located in Oregon, Washington, and Idaho. For more information about Oregon Bancorp, Inc. or its subsidiary, Willamette Valley Bank, please call (503)485-2222 or visit our website at www.willamettevalleybank.com.

Forward Looking Statements

Certain statements in this release may be deemed “forward-looking statements”. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.

CONSOLIDATED BALANCE SHEETS (Unaudited)
(Amounts in thousands except per share data)
(Audited)
March 31, December 31,
ASSETS

2023

2022

2022

Cash and short term investments

$

57,208

 

$

81,800

 

$

78,775

 

Securities available-for-sale, at fair value

 

29,666

 

 

16,554

 

 

23,453

 

Loans:
Real estate

 

264,558

 

 

239,749

 

 

252,870

 

Commercial

 

6,495

 

 

10,906

 

 

6,992

 

Other

 

1,051

 

 

569

 

 

1,385

 

Unearned income

 

(651

)

 

(688

)

 

(609

)

Loan loss reserve

 

(2,661

)

 

(2,608

)

 

(2,661

)

Total net loans

 

268,792

 

 

247,928

 

 

257,977

 

Loans available for sale, at fair value

 

19,017

 

 

41,988

 

 

23,601

 

Property and other assets

 

20,438

 

 

19,070

 

 

18,144

 

Total assets

$

395,121

 

$

407,340

 

$

401,950

 

 
LIABILITIES
Deposits:
Noninterest-bearing demand

$

30,966

 

$

35,557

 

$

31,747

 

Interest-bearing demand

 

105,493

 

 

96,263

 

 

101,167

 

Savings and Money Market

 

116,621

 

 

145,520

 

 

143,656

 

Certificates of deposit

 

57,860

 

 

49,832

 

 

42,081

 

Total deposits

 

310,940

 

 

327,172

 

 

318,651

 

Borrowings

 

-

 

 

-

 

 

-

 

Other liabilities

 

11,128

 

 

7,307

 

 

10,170

 

Total Liabilities

 

322,068

 

 

334,479

 

 

328,821

 

 
SHAREHOLDER'S EQUITY

 

73,053

 

 

72,861

 

 

73,129

 

Total liabilities and shareholders' equity

$

395,121

 

$

407,340

 

$

401,950

 

 
Book value per common share

$

29.67

 

$

29.75

 

$

29.82

 

CONSOLIDATED STATEMENTS OF NET INCOME (Unaudited)

(Amounts in thousands except per share data)
Three Months Ending
March 31, 2023 March 31, 2022
Interest income

$

4,793

$

3,431

Interest expense

 

500

 

225

Net interest income

 

4,293

 

3,206

Provision for loan losses

 

-

 

-

Net interest income after provision

 

4,293

 

3,206

Noninterest income

 

4,355

 

11,807

Noninterest expense

 

6,854

 

11,568

Net income before income taxes

 

1,794

 

3,445

Provision for income taxes

 

452

 

842

Net income after income taxes

$

1,342

$

2,603

 
Net income per common share, basic

$

0.55

$

1.07

 

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