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4A – Daily News – Wednesday, November 10, 2010 Commerce business active in a number of areas during the month of November. Our "New Member Wine Tour" is sold out for this weekend. Four shuttle buses full of fun loving people will depart Saturday morning for a tour of the Manton wineries and dinner at the Anselmo Vineyards before return- ing home from a full day of activity. Nov. 18 we have two network- ing opportunities. Our very popular "Good Morning, Red Bluff" returns downtown to Sparrow Fine Arts and Antiques at 7:50 a.m. Our newest network- ing event, Business After Hours will be hosted that night by Wilcox Golf Club at 5:30 p.m. Please come join us at these very encouraging networking opportu- nities. Believe it or not, the Christmas Parade is just around the corner! Saturday, Nov. 27, is the day of the "Home for the Holiday’s" & Downtown Red Bluff parade to kick off the Christmas season. If you would like to be in the parade, entries forms are available in our Chamber office. The deadline for entries is Nov. 19. If you have questions about the parade, please call Heidi at the Chamber 527- 6220. Our new and improved web site has added anoth- er demention to increase the pro- motion of our members and the events in the community. A year ago our web site had just fewer than 300 visits in the month of October. In October of 2010, our new site, redbluffcham- ber.com had 2,239 visits and 4,716 page views! Many have expressed their pleasure with this site. Locals have told us they use the membership tab regularly to find and refer businesses and organiza- tions in the area. I-5 visitors com- ing into our office have mentioned enterprise Networking, Holiday Parade, website update, new members The Chamber continues to stay they have used the web site to find businesses, events, restaurants and hotels. We have web site inquiries from around the nation for more information about Red Bluff and Tehama County. Others have registered to become mem- bers on our online services. If you use our web site, thank you, if you haven’t, please check us out. Chamber membership contin- ues to increase! Our latest mem- bers to join over the last month have been; The Olive Pit, Ferrell Gas, Tehama County Cattlemen’s Association, Todd Bottke, Moun- tain Valley Living Magazine, Ten Ring Enterprises, Orthopaedic Institute of California and Pyro Spectaculars North, Inc. -wel- come. Thank you for being a part of the Red Bluff-Tehama County Chamber. We are excited to part- ner with you. Thanks for your time – Have a great November. Dave Gowan is the executive director of the Red Bluff-Tehama County Chamber of Commerce. Red Bluff-based bank reports Cornerstone Commu- nity Bank has announced its financial results for the third quarter ended Sept. 30. The Bank reported net income of $91,000, or $0.07 per diluted share, for the three months ended Sept. 30 compared to net income of $74,000, or $0.06 per diluted share, for the same period last year. Net income for the nine months ended Sept. 30 was $198,000, or $0.16 per diluted share com- pared to net income of $11,000, or $0.01 per diluted share, for the first nine months of 2009. President and CEO, Jeffrey Finck said, “We have now recorded our fifth consecutive quar- terly profit. Our bank continues to be well positioned for continued growth and profitabili- ty.” Net interest income of $798,000 for the quarter ended Sept. 30 represented an increase of approximately $93,000, or 13 percent, from $705,000 for the same quarter one year earlier. For the nine months ended Sept. 30, net interest income of $2,265,000 increased $311,000, or 16 percent, from $1,954,000 for the first nine months of 2009. The bank’s non-inter- est income for the quar- ter and nine months ended Sept. 30 was $210,000 and $314,000, respectively, compared to $120,000 and $202,000, respectively, for the same periods one year ago. Non-interest expense was $712,000 for the quarter ended Sept. 30 compared to $671,000 for the same period one year earlier, represent- ing an increase of $41,000, or 6 percent. For the nine months ended Sept. 30, non- interest expense was $2,079,000 compared to $1,984,000 for the same period of 2009, repre- senting an increase of $95,000, or 5 percent. The bank’s efficiency ratio, the ratio of non- interest expense to rev- enues, was 70.6 percent during the quarter ended Sept. 30 compared to 81.3 3 percent during the same period last year. For the nine months ended Sept. 30, the effi- ciency r atio was 80.61 percent compared to 92.02 percent during the same period of 2009. The Bank had total assets at Sept. 30 of $76.6 million, compared to $67.0 million at Sep- tember 30, 2009, repre- senting growth of $9.6 million, or 14 percent. The allowance for loan losses was $978,000, or 1.78 per- cent of total loans at Sept. 30, compared to $801,000, or 1.66 per- cent of total loans, at September 30, 2009. The provision for credit losses for the quarter ended Sept. 30 was $205,000 compared to $80,000 for the quar- ter ended September 30, 2009. For the nine months ended Sept. 30, the pro- vision for credit losses was $301,000 compared to $160,000 for the same period in the prior year. Nonperforming assets at Sept. 30 con- sisted of non-accrual loans of $248,000 com- pared to non-accrual loans of $57,000 at Sep- tember 30, 2009. At Sept. 30, share- holders’ equity totaled $9.2 million compared to $8.7 million at Sep- tember 30, 2009. The total risk-based capital ratio, tier one capital ratio, and lever- age ratio was 16.39 per- cent, 15.14 percent and 11.9 percent, respective- ly, all exceeding the reg- ulatory standards for “well-capitalized” insti- tutions of 10.00 percent, 6.00 percent, 5.00 per- cent, respectively. Corning celebrates Veterans Day • New Member – The Corning Chamber of Commerce welcomes Linda and Mike Sexson as new, individual members. • Veteran’s Day – This Thursday there are several ways to celebrate Veteran’s Day this year. There will be a Pan- cake Breakfast at the Corning Fire Hall on Fifth Street, south of Solano, from 7 to 10 a.m., with pancakes, eggs and sausage for $5 prepared by the Corning Volunteer Fired Department. The parade begins at 11 a.m. from City Hall to the Veteran’s Hall. There at the hall you can enjoy at hot dog or hamburger meal prepared by the Corning Exchange Club for $6. Proceeds go to the Veteran’s of Foreign Wars Post 4218. Contact Jim Darrow for more information. • Corning in the Evening – 5:30 p.m., this Thursday, the Maywood Woman’s Club is hosting the monthly get together at their club house 902 Marin Street. You can always count on good food being served by these ladies. The ladies of the Maywood Woman’s Club invite you to come out for a pleasant evening and find out what this ser- vice club has been up to. Bring business card for a chance at a door prize. • K9s for Kids – From 11 a.m. to 2 p.m., Saturday Nov. 13, at the Growney Ranch, 12011 Hwy 99W, south of St Elizabeth Community Hospital, the K9s for Kids fundraiser will take place. At the event there will be cattle dog demonstrations, K-9 unit demonstrations, a rescued shelter dog in a Canine Good Citizen demo. There will be free food with paid admission. Tickets are $4 per person, $7 for 2. Kids 12 and under get in free with a can of food. All proceeds go to the Salvation Army. Tickets are avail- able at the entrance or you may purchase them at the Corning Chamber of Commerce, 1110 Solano Street, or call 824-5550 for other locations to buy your tickets in Red Bluff and Los Molinos. • Self Defense Class – From noon to 2 p.m., Saturday, Nov. 13, Fountain of Health is having another self defense class at 1415 Solano Street. For more information you may call 689-0222. • Concert – 7:30 p.m., Thursday, Nov. 18, the Sona String Quartet will be performing at the Corning Veteran’s Memorial Hall, 1620 Solano Street. This event is spon- sored by Tehama Pulse, www.tehamapulse.com. Tickets are available at the Corning Chamber of Commerce, 1110 Solano Street. Tickets are $10 for adults, $5 for students and $20 for the whole family. You may also purchase tick- ets at the door. Sherie Gans from Redding and Michael Eby, a young virtuoso from Redding, Randy Fisher and Alan Clark both from Sacramento will be performing works by Mozart, Mendelssohn, a Tango from the movie Scent of a Woman, and Beethoven’s Eye Glasses Duo. For more information call the Chamber at 824-5550. • Hometown Christmas – Just a reminder to get those parade applications in as well as vendor applications for Hometown Christmas, Dec. 4. If you would like to be a part of the parade and did not receive an entry form you may call the chamber at 824-5550 or go online to www.corningchamber.org and click on "Corning Home- town Christmas" to download and print the parade entry form. ——— This column is prepared and submitted by the Corning Chamber of Commerce. Use open enrollment to help meet financial goals November is a popular month for “open enrollment” — that time when you can choose from the options offered in your employer’s benefits package. By making the right moves in some key areas — such as your 401(k) and life insurance — you can help protect your family and boost your progress toward your long-term financial goals. Let’s consider your 401(k) first. If you haven’t taken part in your 401(k) plan, you need to review the benefits of this excellent retirement-savings vehicle. First, you contribute pre- tax dollars to your 401(k), so the more you put in, the lower your adjusted gross income — and the lower your annual tax bill. Also, your 401(k) earnings accumulate on a tax-deferred basis. Furthermore, your employer may offer a match- ing contribution, and if you’re not participating in your plan or not putting in enough to earn the match, you’re essentially leaving money “on the table.” So, if you’re not already investing in your 401(k), now is the time to get started. And if you’ve already been putting money in your 401(k), you may want to use the open enrollment period to increase your contributions or to rebalance your investment choices in response to changes in investment perfor- mance or in your goals or risk tolerance. Of course, depend- ing on your plan, you may also be able to make changes in your 401(k) at other times in the year. During open enrollment, you’ll also want to look at your insurance choices. Your employer may offer a certain amount of life insurance, and possibly disability insurance, A Clean, Reliable, Trustworthy, COMPLETE AUTO REPAIR All makes and models. We perform dealer recommened 30K, 60K, 90K SERVICES AT LOWER PRICES Smog Check starting at $ (most cars and pick-ups) 2595 + cert. Pass or FREE retest 527-9841 • 195 S. Main St. Chimney Company... Possible? ”Their tarps are always clean and my home is always clean afterward. What I like best is their reliability and quality.” “I can trust them!” Dr. Evan Reasor Flue Season 527 3331 THE Chimney Professionals JOIN 4-H Call the 4-H office for information November 23, 2010 527-3101 Last day to join at no cost. Clearly, this cover- age can be beneficial — but is it enough to meet your fami- ly’s needs? To answer this question, you’ll need to review at least three key areas of your family’s finances: • Debts — Try to calculate your over- all debt load — mortgage, car pay- ments, credit cards and so on. • Education — If you are planning on helping your chil- dren pay for col- lege, try to estimate these costs. Keep in mind the considerable differences in expenses between colleges: public versus private and in- state versus out-of-state. Keep in mind that college costs have been rising faster than the overall cost of living. • Income replacement — Susie Mustaine Try to determine about how much of your income would need to be replaced for your family to maintain its current lifestyle. Once you’ve made these types of calcu- lations, you’ll be in a better position to know if the life and disability coverage offered by your employer is sufficient to meet your needs. You might be able to purchase additional insurance through your employer, but even this coverage may not be enough. That’s why you may want to work with a professional financial advisor — someone who can help you identify any gaps that may exist in your coverage and recom- mend any additional coverage to fill this void. Customer Service Representative to help schools obtain money. Work with Principals, PTA’s, Coaches, Music, and Childcares! We train! $17.99-$ 20.00/hr.avg. Call 765-377-4501 You may also find other advantages to individually owned insurance, such as portability — you can take your policy with you, no mat- ter where you work — and affordability — you may find that some policies, particular- ly term life insurance, may be less costly than the supple- mental insurance you could purchase from your employer. So, review both your insur- ance situation and your 401(k) plan during the open enrollment calendar. It’s a great time to make those choices that can help you dur- ing all the seasons of your life. Susie Mustaine is a a financial advisor for Edward Jones, her office is at 2130 Main St., Ste. B, in Red Bluff and she can be reached at 527-4729 or susie.mustaine@edwardjone s.com. 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