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6A – Daily News – Wednesday, July 28, 2010 Commerce business At our Strategic Advance meet- ings in May your Red Bluff- Tehama County Chamber of Com- merce made concerted efforts to focus on four strategic core compe- tencies that are to be initiated and devel- oped. These are: Com- munication, group cohesion, branding and membership enhancements. Our esteemed President Kris Behrens asked if I would tackle the group cohesion portion of the chamber’s focus. What this means is looking at all of the organizations in our county and making a deter- mination as to what each group’s goals, missions and objectives are and then find the common denomi- nators so we can collectively work together to obtain goals. The various organizations are productive in their own focus but fragmented when it comes to know- ing what each organization is doing. One of the key objectives will be & working with the varying organiza- tions and personal agendas for future growth and community cohe- sion. In May we identi- fied some future objectives as being working together for common goals, focusing on unique aspects or each group, appreciat- ing unique objectives and, most important- ly, maintaining dia- logue and communication. The importance of this work will be to identify fresh perspectives, work towards these goals that then become benefits to our community. We know this is going to be an ongoing process. We now need to be working with each other as a community rather than as fragment- ed entities. The chamber, city government, school districts, hotels and busi- nesses all have to work with unprecedented economic chal- lenges. Budgets continue to need slashing. This has caused tensions Community cohesion vital to recovery in how we are to continue to oper- ate. Focus and objectives have had to change. Meetings have been more heated, topics more debated, tem- pers a bit hotter as we work through important issues trying to come to an agreeable solution. The one thing we need to keep in mind is the focus on what is best for our com- munity. This is not an easy time. We need to understand the other side of the debate, work together for a solution and support the outcome. Community cohesion is working together for the benefit of our com- munity. Combining efforts to meet objectives. It is important to be working cohesively in order to get through this tough time. Remain objective, listen and find a solution. Community cohesion is working together for the benefit of our com- munity. See you in town, Bill Hill is the Special Events chairman for the Red Bluff-Tehama County Chamber of Commerce. Local bank reports on 2nd quarter Cornerstone Commu- nity Bank has announced its financial results for the second quarter, which ended June 30. The Bank reported a net income of $60,000, or $0.05 per diluted share compared to a net loss of $21,000, or $0.02 per diluted share, for the same period last year. Net income for the six months ended June 30 was $107,000, or $0.09 per diluted share compared to a net loss of $63,000, or $0.05 per diluted share, for the first six months of 2009. Net interest income of $749,000 for the quarter represented an increase of approxi- mately $92,000, or 14 percent, from $657,000 for the same quarter one year earlier. For the first six months, net interest income of $1,467,000 increased $218,000, or 17 percent, from $1,249,000 for the first six months of 2009. The Bank’s non- interest income for the quarter was $57,000 and $104,000, respectively, compared to $49,000 and $82,000, respective- ly, for the same periods one year ago. Non-interest expense was $696,000 for the quarter compared to $690,000 for the same period one year earlier, representing an increase of $6,000, or 1 percent. For the six months ended June 30, non- interest expense was $1,367,000 compared to $1,313,000 for the same period of 2009, repre- senting an increase of $54,000 or 4 percent. The Bank’s efficien- cy ratio, the ratio of non-interest expense to revenues, was 86.35 percent compared to 97.73 percent during the same period last year. For the six months ended June 30, the effi- ciency ratio was 87.01 percent compared to 98.65 percent during the same period of 2009. The Bank had total assets at June 30 of $73.1 million, compared to $65.4 million at June 30, 2009, representing growth of $7.7 million, or 12 percent. Total loans outstand- ing, net of unearned income, were $47.9 mil- lion compared to $49.2 million at June 30, 2009, representing a decrease of $1.3 mil- lion, or 3 percent. Total deposits were $63.6 million compared to total deposits of $56.6 million at June 30, 2009, representing an increase of $7.0 mil- lion, or 12 percent. The allowance for loan losses was $863,000, or 1.80 per- cent of total loans com- pared to $770,000, or 1.57 percent of total loans at June 30, 2009. The provision for credit losses for the quarter was $49,000 Tehama County business operators: When folks search for what you’re selling, do they find your business? Online business directories are the fastest-growing vehicle for consumer business searches, increasing 23% between 2007 and 2009. During the same period, use of printed Yellow Pages books for consumer business searches decreased by 15%. With as many as a half-dozen different Yellow Pages books distributed in Tehama County, the chances are even less that your listing or ad in any one book will be seen on a consumer business search. Ride the cutting edge of local business search with an “enhanced listing” in the Daily News’ • Top of business category placement • Appear on the RedBluffDailyNews.com yellow page widget rotation Online YelFeatures:low Pages • Appear in up to FIVE business categories • Larger size directory listing • Business Logo, hours of operations, credit cards, etc. • Business Write-up & color photos • Click through to your business website • Click for map location and directions • Nearby business search All for only $50 per month! boasts over 80,000 visits and +350,000 page views monthly! For more information, contact your Daily News Advertising Representative TODAY! (530) 527-2151 D NEWSAILY RED BLUFF TEHAMACOUNTY advertise@redbluffdailynews.com Among host sites for local online search directories, only www.redbluffdailynews.com compared to $37,000 for the quarter ended June 30, 2009. For the six months, the provision for credit losses was $96,000 compared to $80,000 for the same period in the prior year. Nonperforming assets consisted of non- accrual loans of $159,000 compared to non-accrual loans of $2,000 at June 30, 2009. The bank recognized $75,000 in net loan charge-offs during the six months ended June 30 compared to $100,000 for the same period in the prior year. At June 30, share- holders’ equity totaled $9.2 million compared to $8.6 million at June 30, 2009. The total risk-based capital ratio, tier one capital ratio, and lever- age ratio was 17.72 per- cent, 16.47 percent and 12.16 percent, respec- tively, all exceeding the regulatory standards for “well-capitalized” insti- tutions of 10.00 percent, 6.00 percent, 5.00 per- cent, respectively. How many copies of The Redding Record Searchlight are delivered or sold in Tehama County? The 2010 audit of the Redding daily newspaper by the Audit Bureau of Circulations (ABC) should be published any week now. These were the Record Searchlight’s Tehama County average distribution numbers from their published 2008 ABC audit report,reflecting their paid distribution for the preceding 24 months: Daily (M-S): 1,424 Sunday: 1,889 Paid Household Coverage 6.1% 7.7% The Daily News is audited by the ABC as well. Here is the paid circulation number from the ABC’s 2008 audit of our distribution. Daily (M-S) 6,815 27.3% The economy has shaved the Daily News’ paid distribution by several hundred since our last audit, and we expect it has not done any favors for the Record Searchlight, either. We’ll share comparative numbers for both newspapers when the ABC is completed with our 2010 circulation audits. The Record Searchlight and the Daily News both do a fine job of serving readers and advertisers in their respective core markets. The Redding daily’s core market is Shasta County. Tehama County is Daily News country. D NEWSAILY RED BLUFF TEHAMACOUNTY T H E V O I C E O F T E H A M A C O U N T Y S I N C E 1 8 8 5 ated. "We can help you find the best rate for your insurance needs,” White said. “We have the ability to rate your insur- ance with several different companies, not just one. We offer immediate proof of insurance cards, immediate SR-22 filings and notary public services by appointment. We also offer information on California Healthy Families.” White is married to Thomas White, owner of Tom White Concrete and a resident of Corning for 39 years. Together they have 6 children; three sons and three daughters and her husband has two grandchildren. Amy’s hobby is gardening and she enjoys spending time with close friends and family. When asked if there are any future changes to what she is doing White said the agency will grow and change with the community needs. • Business Workshop – 3-5 p.m., Aug. 4, the last of the series of workshops will be held at the Red Bluff Commu- nity and Senior Center 1500 S. Jackson St., Red Bluff. The cost is $20 per person and $50 for all three workshops. The Job training Center, Tehama EDC and the Daily News have partnered with The Chico Project to bring Tehama County businesses this series of practical workshops aimed at rais- ing the understanding and application of technology. Your business can not afford to ignore technology tools any longer. Make 2010 your technology year. Visit www.job- trainingcenter.org or call 529-7000 to register. Seating is limited. • Olive Festival T-Shirts – T-shirt order forms for the Olive Festival T-shirts have been sent to members for whom we have email addresses on file. We encourage you to order now for yourself and your business to take advantage of the 10 percent discount by getting your order in before Aug. 6. You may also take an additional 10 percent off if you order 10 or more T-shirts. If you did not receive an order form and would like to order your T-shirts early give us a call at 824- 5550. You may also get one at the office, 1110 Solano St. The T-shirts this year have been designed by one of our chamber directors, Marti Syed, after a suggestion by the board to go with a futuristic theme. This is the 21st Annual Olive Festival for the chamber and in the 21st Century the olive has been taken to new levels in packaging and flavor- ing, hence the theme "Where No Olive has Gone Before." ——— This column is prepared and submitted by the Corning Chamber of Commerce. Stocks fall slightly on consumer confidence report NEW YORK (AP) — News that consumers are more pessimistic put the stock market’s rally on hold. Stocks fell modestly Tuesday after three days of big gains. The Dow Jones industrial average rose 12 points, but its advance was largely due a jump in DuPont Co. after the chemical maker reported strong earnings. Broader market indexes fell slightly, and there were more losers than gain- ers on the New York Stock Exchange. The Conference Board’s report that its Consumer Confi- dence Index fell to 50.4 from June’s revised reading of 54.3 distracted investors from another batch of upbeat earnings reports. The market had expected the index to come in at 51. Consumer confidence has fallen in recent months as people have waited in vain for a turnaround in the job mar- ket. That has made many consumers hesitant to spend and in turn raised concerns about the economic recovery. Many retail stocks fell after the confidence number was released. Companies have a very different take on the economy from consumers. Chemical maker DuPont on Tuesday joined the growing number of big corporations that have raised their earnings forecasts. The Dow rose 12.26, or 0.1 percent, to 10,537.69 after gaining 405 points the past three days on strong earnings and forecasts. The Dow has surged in July, rising almost 8 percent. The sharp gains helped push the index back into the black for the year on Monday. The Standard & Poor’s 500 index fell 1.17, or 0.1 per- cent, to 1,113.84, while the Nasdaq composite index fell 8.18, or 0.4 percent, to 2,288.25. Losing stocks were ahead of gainers by about 4 to 3 on the New York Stock Exchange, where volume came to 1.1 billion shares. Bond prices fell, sending their yields higher. The yield on the 10-year Treasury note rose to 3.05 percent from 2.99 percent late Monday. That yield helps set interest rates on mortgages and other consumer loans. Mon.-Fri. 10:30 to 5:30 Sat. 11-3 40 Crafters in 1 Shop! 650 Main St., Red Bluff 530 528-2723 Come & Shop Crafter’s Boutique Or Rent a Space to Sell Your Crafts Gifts for family & friends Plenty of parking on Pine Street BOOK BARN Used Books Tues-Fri 10-5 Sat 10-2 THANK YOU RED BLUFF We are now celebrating our 16th Anniversary 619 Oak St., Red Bluff (530) 528-2665 enterprise Insurer in spotlight • Business Spotlight – Olive City Insurance Agency, 1610 Solano St., Ste. B in Corning is our spotlight for the week. It is open Monday through Thursday, 9 a.m. to 5 p.m., and Fridays 9 a.m. to 4 p.m. After hours appointments are always available by calling 824-9900. Amy White has been in the insurance business for 14 years and opened this office in April. "I specialize in personal and commercial insurance prod- ucts such as home and auto packages, commercial general liability insurance, preferred and standard auto, special event insurance and I also offer health and life insurance,” White said. Olive City Insurance Agency became a member of the Corning Chamber of Commerce when it opened April of this year. Olive City Insurance Agency is locally owned and oper-