Issue link: https://www.epageflip.net/i/350942
COURTESYPHOTO Downtown farmers market is held each Wednesday evening during the summer months. Tonight is the cham- ber's Wednesday night certified farmers market in downtown Red Bluff. Fresh local fruits, veg- etables and merchandise will be on tap for this eve- ning's market. As usual the market will be ac- cepting EBT, credit and debit cards. The event is 5-8 p.m., come visit local farmers, vendors and businesses. Next Wednesday, July 30, the Overtime Canteen will be back for its sec- ond round. The Downtown Asso- ciation Summer Concert Series is held in conjunc- tion with the market and The Tribute Band with blues, rock and soul mu- sic will be playing. Come out and listen to great lo- cal music. The Market by the River is scheduled for 7:30 a.m. to noon Saturday at the River Park. GoodMorningRedBluff Coldwell Banker and C and C Properties will host the next Good Morn- ing, Red Bluff networking event starting at 7:50 a.m. July 31 at 741 Main St. Tap into Tehama The second annual Tap into Tehama micro-brew festival will be held at the Red Bluff River Park on Aug. 16. There are a few spots left to be a sponsor at this fun event. This event will fea- ture local artisans, West Coast breweries, North- ern California vineyards and a host of local busi- ness sponsors. Great op- portunity for local busi- nesses and organizations to meet 1,000 people. For more information, go to www.tapintote- hama.com or stop by the Chamber of Commerce office at Red Bluff River Park. REDBLUFFCHAMBER TheTributeBandto headline farmers market The Corning Chamber of Commerce welcomes as new members the Inter- national Brotherhood of Electrical Workers Local Union 340, 900 Locust St. Redding, (530) 241-2458; Wells Fargo Home Mort- gage, 628 Edith Ave. Corn- ing and Independent Lu- theran Church of Corning, 1620 Solano St., (530) 526- 4736. Business Spotlight Our spotlight is on Air- port Mini Storage & Af- fordable Mini Storage, 4970 Marguerite Ave. and 1102 South St. Phone (530) 824- 0162 or 824-1999. Gate hours are 5 a.m. to 10 p.m. Greg Vinson has owned the Airport Mini Storage for about seven years and Af- fordable Mini Storage for 10 years and has been a cham- ber member for seven years. The rental office is at 1513 Solano St. at Olive City Re- alty. "We have the lowest prices, friendly service and the first full month always free," Vinson said. The storage units have 24/7 recorded video sur- veillance on both sites, elec- tric code gates. New storage units will be opening com- ing soon at the Affordable Storage and within a year there will be covered out- side storage for RVs and other vehicles at the Air- port. Greg is a widower with no children. His hobbies are dancing and travel. Giant yard sale PATH will be having a yard sale 8 a.m. to 8 p.m. Friday, Aug. 1 and 8 a.m. to 4 p.m. Saturday, Aug. 2 at the PATH Sale House, at the corner of Sale Lane and Gilmore Ranch Road in Red Bluff. There will also be an Ice Cream Social 6-8 p.m. on Friday night. Proceeds will benefit the PATH Sale House for Women and Chil- dren. If you would like to donate your sellable items, call Main Street Treasures at 527-3073. Corning Patriots The Corning Patriots will be meeting at 6 p.m. Thurs- day, July 24 at the Corning Senior Center, 1015 4th Ave. Assembly candidates Gal- lagher and Reed will be the guest speakers. If you have questions for them or would just like to get to know them a little bet- ter, you are invited to at- tend the meeting. They will challenge each other again in November, as neither one received the required 50 percent + 1 of the vote in June. CORNING CHAMBER Union, mortgage company, church welcomed as members RED BLUFF Cornerstone Community Bank an- nounced recently its fi- nancial results for the sec- ond quarter ended June 30. The Bank reported net income of $169,000 for the three months ended June 30 compared to net income of $282,000 for the same period last year. Prior year results were impacted by an $86,000 gain on the sale of securi- ties and current year re- sults were impacted by the $115,000 provision for income taxes as the Bank became fully taxable dur- ing 2014. Diluted earnings per share for the three months ended June 30 were $0.13 compared to $0.22 for the same period last year. Net income for the six months was $300,000, or $0.23 per diluted share com- pared to net income of $522,000, or $0.40 per di- luted share. The return on average assets was 0.51% com- pared to 0.97% for the same period last year. The return on average eq- uity was 5.18% compared to 9.24% for the same pe- riod last year. "The positive trends in loan and deposit growth continue. Year-over-year loan growth of 32% and deposit growth of 26% position the bank well for the remainder of the year," said President and CEO Jeff Finck. Net interest income of $1,353,000 for the quarter represented an increase of $191,000, or 16%, from $1,162,000 for the same quarter one year earlier. The bank had total as- sets at June 30 of $147.1 million, compared to $118.3 million at June 30, 2013, representing growth of $28.8 million, or 24%. Total loans outstand- ing, including loans held for sale were $111.9 mil- lion compared to $85.0 million at June 30, 2013, representing an increase of $26.9 million, or 32%. Total deposits were $133.5 million compared to total deposits of $105.9 million at June 30, 2013, representing an increase of $27.6 million, or 26%. FINANCE Bank announces second quarter results The following work- shops are being offered by the Northeast California Small Business Develop- ment Center at Butte Col- lege. All courses are at the center, 2480 Notre Dame Blvd., Chico, unless other- wise noted. Website: How To Build Your Website On A Shoe- string Budget, 12:30-3 p.m., Tuesday, July 29. The cost is $40per person pre-paid or $50per person at the door. Finances: Financial Man- agement Training Series for Existing Businesses, 6-8p.m. Thursdays, Aug. 7through Sept. 4. There is no cost, but you must register to attend. Tax: Basic Sales and Use Tax, 9 a.m. to noon, Tues- day, Aug. 12, free. Bookkeeping: Introduction to QuickBooks I, 9-11:30 a.m., Thursday, Aug. 14 at the Medical Specialty Center, 284Spruce St., Gridley. The cost of the workshop is $40per person prepaid or $50per person at the door. Start-ups: SBA Financ- ing Options for Your Small Business, 1-2:30p.m., Tuesday, Aug. 19at Para- dise Ridge Family Resource Center, 6249Skyway, Paradise, free, but you must register to attend. Entrepreneurs: New Ven- ture Entrepreneurial Series, a series of workshops for start-up and new busi- nesses. The workshops will be held 8:30-10:30a.m. Wednesdays Aug. 6-27. The cost for the series is $50per person prepaid or $60at the door. Food safety: ServSafe Food Safety Training & Certification Workshop, 9 a.m. to 5p.m. Thursday, Aug. 28. The cost is $120 per person prepaid or $130at the door includ- ing ServSafe textbook, or $80prepaid and $90at the door without book. Pre- registration is required. Register online at www. bcsbdc.org, call 530-895- 9017 or stop by the center for information. COURSES Business center in Chico offers variety of workshops The Tehama County Em- ployer Advisory Council in partnership with The Em- ployment Development De- partment are scheduled to present "Meet Your Lo- cal Workers' Compensation Judge," featuring Judge Kathleen Ortega, Workers' Compensation administra- tive law judge. The workshop is set for 7:30-9 a.m. Thursday, Aug. 7 at the Job Training Cen- ter,724 MainSt. inRed Bluff Thereisnocosttocouncil members and non-members may attend for $20. Participants will get help understanding the litigation process from claim form to hearing. Ortega has been the pre- siding Workers' Compen- sation Administrative Law Judge at the Redding Work- ers' Compensation Appeals Board District Office since 2006. She was an attorney for 17 years for employers and employees. Register online at http:// ceac.org/region_1/tehama_ county_eac/tehama_cal- endar/, call Michelle Clem- ent at 529-7000 or email mclement@jobtrainingcen- ter.org The next workshop is scheduledforSept.4andthe topic is "Wage and Hour in a SmartTechnologyWold,"in- cludingworkingonline,tele- commuting,socialmediain- teraction, and more. WORKSHOP Meet your local Workers' Comp judge TheAssociatedPress NEW YORK Solid earnings for a range of big compa- nies helped nudge the stock market higher on Tuesday. The restaurant chain Chipotle Mexican Grill and the cable giant Comcast surged after reporting bet- ter results than Wall Street expected. "The news today is pretty good," said JJ Kinahan, chief strategist at TD Ameritrade. Kinahan pointed to a report out Tuesday that showed lit- tle sign of inflation and an overall stronger outlook for earnings. During conference calls to discuss quarterly re- sults, more CEOs are taking an optimistic tone, he said, instead of warning about possible dangers. "In the past, they all spent their time tempering expec- tations," Kinahan said. "This earnings season we're not seeing that at all. I think people are taking comfort in it." The Standard & Poor's 500 index added 9.90 points, or 0.5 percent, to 1,983.53. The Dow Jones industrial average rose 61.81 points, or 0.4 percent, to 17,113.54. The Nasdaq composite advanced 31.31 points, or 0.7 percent, to 4,456.02. Chipotle surged $69.84, or 12 percent, to $659.77, the biggest gain in the S&P 500 index. The burrito chain reported that stronger sales drove its quarterly profit up 26 percent. The restau- rant chain's results beat an- alysts' expectations, even as it raised prices on a range of menu items. Comcast, the country's largest cable company, re- ported quarterly profits that topped Wall Street's targets as more people signed up for Internet service. Com- cast gained 81 cents, or 1.5 percent, to $54.63. Wall Street is in the mid- dle of corporate earnings season, when companies release their quarterly re- sults. Investors pore over those reports to gauge the financial health of Corpo- rate America, and in turn, the U.S. economy. Roughly 150 companies in the S&P 500 will report their results this week, including AT&T and Boeing on Wednesday. Visa and Amazon will re- port on Thursday. Not all the results re- leased Tuesday were pos- itive. Weak sales of Diet Coke and fruit juice weighed down Coca-Co- la's second-quarter results, leading the company to post weaker revenue than Wall Street expected. Over- all profit fell slightly. Coca- Cola's stock sank $1.21, or 3 percent, to $41.19. Even though companies continue to post higher profits, the market still looks expensive compared to its historical average. The S&P 500 currently trades for 17.4 times earn- ings over the previous 12 months. The long-run av- erage is closer to 15. WALL STREET US stocks steadily climb as earnings reports roll in 744 Main Street, Red Bluff SOAP SALE 5 for $25 (IndividualPrice:$6.99) 12149 Highway 99 W, Red Bluff www.southmainstorage.com NEW MOVE-IN SPECIALS! 888-820-7250 SOUTH MAIN MINI STORAGE • Low Price Guarantee! • No Deposit or Admin Fees! • Drive-up Units. • RV Parking $25 TOLL FREE 100JacksonStreet, Red Bluff (530) 529-1220 NEW Membership Specials CallorComeIn for details FoodFromtheHeart FoodDrive 5 TH Annual August 1-15, 2014 Funds for Funds for For more info: Contact Jessie Woods 528-8000 Makeyourheartfelt tax deductible donation at participating businesses or with Paypal online www.FoodFromtheHeart TehamaCounty.com STOVEJUNCTION The TheNorthState'spremiersupplierofstoves 22825 Antelope Blvd., Red Bluff 530-528-2221 • Fax 530-528-2229 www.thestovejunction.com Over 25 years of experience Tues-Sat9am-5pm• ClosedSun&Mon Now Carrying! GreenMountainGrills & Accessories Serving Butte, Glenn & Tehama Counties BUSINESS » redbluffdailynews.com Wednesday, July 23, 2014 MORE AT FACEBOOK.COM/RBDAILYNEWS AND TWITTER.COM/REDBLUFFNEWS A4