BUSINESS 4A THE DAILY ASTORIAN • THURSDAY, JANUARY 22, 2015 Forbes rates Columbia Bank as tops TACOMA, Wash. — Among its list of “America’s Best and Worst Banks 2015,” Forbes Magazine recent- ly named Columbia Bank the best in Washington. No. 17 overall, Columbia Bank made DVLJQL¿FDQWMXPSIURPLWV1RSRVL- tion last year. The list, on which Colum- bia Bank has appeared since 2011, ranks 100 of the largest publicly traded banks and thrifts in the country. “The Forbes list is meaningful recog- nition for us since it acknowledges not just our growth, but our commitment to providing a strong and secure commu- nity bank to best serve our customers,” said Melanie Dressel, president and CEO of Tacoma-based Columbia Bank and its parent company, Columbia Banking most recent acquisition of Intermountain Community Bancorp (“Intermountain”), the parent company of Panhandle State Bank in northern Idaho, which became effective Nov. 1. The study gauged the health of the 100 largest publicly traded banks and thrifts EDVHGRQNH\¿QDQFLDOPHWULFVLQFOXGLQJ • Net interest margin. • Nonperforming loans (NPLs) as a 6\VWHP,QF³:HZHUHYHU\JUDWL¿HGWR percentage of loans. be ranked the best in Washington and • Nonperforming assets as a percent- VHFRQG LQ WKH 3DFL¿F 1RUWKZHVW IRU WKH age of assets. fourth year in a row. “ • Reserves as a percentage of NPLs. 'DWD IRU WKH OLVW ZDV SURYLGHG E\ ¿- • Two capital ratios (Tier 1 and risk- nancial data provider SNL Financial, and based) and leverage ratio. ZDV EDVHG RQ UHJXODWRU\ ¿OLQJV RI SXE- The rankings also factor revenue lic banks and thrifts as of Sept. 30. The growth for the latest 12 months based on GDWD GRHV QRW UHÀHFW &ROXPELD %DQN¶V data from FactSet Research Systems. Clatsop Community Bank has strong growth SEASIDE — Clatsop Community Bank reported strong growth in the fourth quarter ended Dec. 31. ,WSRVWHGDQHWSUR¿WRIPLOOLRQ or $1.42 per diluted share, a more than ¿IWHHQIROGLPSURYHPHQWWKHVDPHSHULRG the prior year. Net income for the three-month period LQFOXGHGDWD[EHQH¿WRIPLOOLRQDV a result of a full deferred tax asset (DTA) valuation allowance reversal. For 2014, the bank reported a net prof- LWRIPLOOLRQFRPSDUHGWRQHWSUR¿W Joe Schulte. “Our entire team has worked GLOLJHQWO\ WKLV \HDU WR SUR¿WDEO\ JURZ both loans and deposits in our market area.” In 2014, Clatsop Community Bank posted a 2.44 percent return on average of $364,000 for the same period in 2013. assets, 4.46 percent net interest margin Its net income before taxes, extraordi- DQGDSHUFHQWHI¿FLHQF\UDWLR nary items and gains on the sale of assets For more information on Clatsop ZDVFRPSDUHGWRQHWSUR¿WRI Community Bank’s fourth-quarter per- $172,000 in 2013. formance, including assets, deposits, lia- “We are pleased with the successful bilities, earnings, equity and capital, visit results in 2014,” said President and CEO www.clatsopbank.com/about/news Hi-School Pharmacy CEDR announces holds BBQ reopening new board members CLATSKANIE — Hi- School Pharmacy/Ace Hard- ware recently completed the ex- pansion of its store in Clatskanie to 20,000 square feet of retail space. It will continue to bring the company’s blend of home maintenance expertise, drug and variety products to Clatskanie residents in its newly remodeled location. The store has been rede- VLJQHG WR UHÀHFW WKH KDUGZDUH needs of the Clatskanie com- munity, including solutions to everyday home maintenance needs, as well as paint, lawn and garden. In addition, the new, en- larged pharmacy includes a pri- vacy room for vaccinations and counseling, and an additional register for checkout. “Our mission is to provide customers with convenience combined with superior service through one-on-one expert ad- vice and assistance,” said John Crawford, vice president of op- erations. The 8,000-square-foot hard- ware department includes paint, hardware, electrical, plumbing, automotive and home décor, as well as niche products such as Craftsman Tools, Valspar, Green Mountain Grills and Clark & Kensington paint. An outdoor area will serve as a complete lawn and garden center in the spring. IF YOU GO What: Grand reopening When: 8 a.m. Friday Where: 400 W. Columbia River Highway, Clatskanie The store features 8,000 square feet of general merchan- dise for health, beauty, cosmet- ics, giftware, greeting cards, a Kodak photo kiosk, electron- LFV VFKRRO RI¿FH WR\V IRRG snacks, housewares, As Seen On TV items and more. Hi-School Pharmacy/Ace Hardware holds a grand re- opening at 8 a.m. Friday, with donuts, coffee, product demon- strations and free items to the ¿UVW FXVWRPHUV $FWLYLWLHV include special sales, discounts, giveaways, daily prize drawings and Wheel of Prizes through- out the weekend. In addition, the reopening will include free soda and 50-cent hotdogs, with proceeds going to the The Tribe Youth Group. The Clatskanie Hi-School Pharmacy/Ace Hardware, lo- cated at 400 W. Columbia River Highway (U.S. Highway 30), is open from 8 a.m. to 7 p.m. Mon- day through Friday, 8 a.m. to 6 p.m. Saturday and 9 a.m. to 6 p.m. Sunday. %XVLQHVVRZQHUVQHHGWR¿OH personal property tax returns SALEM — If you own a busi- ness — even a home-based busi- ness — Oregon law requires that \RX¿OHDQDQQXDOSHUVRQDOSURS- erty tax return with your county assessor by March 1, unless you have been granted an extension RU¿OHIRUDQH[WHQVLRQE\)HE Completed returns must in- clude a detailed list of all busi- ness-related personal property, along with equipment purchase and lease dates, and original costs. Personal property in- FOXGHV RI¿FH IXUQLWXUH SHUVRQ- al computers, easily moveable machinery — even off-road vehicles or display cases — if they are used in the business. Business owners should also include leased equipment, such as copiers or power washers, ex- plained Rick Schack, manager of the Property Tax Division’s Support, Assistance, and Over- sight section. The county assessor calcu- lates the tax due each year based on the personal property return. The tax owed on personal prop- erty is shown on property tax statements and is due Nov. 15. The assessor will cancel the tax due if the total personal property value is under a calcu- lated cancellation threshold. The threshold for 2014 was $16,000. The 2015 threshold cannot be calculated until certain statistics are available in March. All busi- QHVV RZQHUV PXVW ¿OH SHUVRQDO property returns, even if person- al property value is less than the current cancellation threshold, Schack said. If a business owner, you must ¿OHDUHWXUQHDFK\HDUHYHQLI • You didn’t receive a tax return from the county in which your property is located. • The assessor canceled your tax in prior years. • You sold or closed your business during the year. • You sold or disposed of your personal property. Visit www.oregon.gov/dor/ ptd for more information. Clatsop County Property Transactions Sellers: Jack A. Molan and Joanne H. Molan Buyers: James W. Albers and Kerri P. O’Leary Address: 3795 Coho Place, Cannon Beach Price: $362,500 Sellers: Dennis Vincent and Beverly Vincent Buyers: Kerry Byrne Walsh and Janet Marie Walsh Address: 82326 Roberta Road, Seaside Price: $278,000 At the Clatsop Econom- ic Development Resources (CEDR) annual meeting Nov. 25, new board mem- bers were elected for a three-year term. They in- clude: • Chris Nemlowill, co-owner of Fort George Brewery and representing the Craft Brewing Cluster • Kurt Englund, own- er of Englund Marine & Industrial Supply and rep- resenting the marine and ¿VKLQJVHFWRU • Linda Beck Sweeney, owner of Cannon Beach Vacation Rentals and rep- resenting the hospitality industry. • Mark Morgans, area manager for Lewis & Clark Timber/Campbell Global Group, represent- ing the forestry and forest products sector. • Rosemary Bak- er-Monaghan, executive director of the Liberty Theater, representing the arts and culture cluster. She was re-elected to a three-year term and will also continue to serve on the CEDR Executive Com- mittee as board secretary and treasurer. The new additions join WKH¿YHRWKHUSULYDWHVHF- tor board members, in- cluding Executive Direc- tor Skip Hauke from the Astoria-Warrenton Area Chamber of Commerce, and also CEDR board president; attorney Larry Popkin from Campbell & Popkin LLC, also serving as the vice president of the CEDR Board; Branch Manager Pam Rush from %DQN RI WKH 3DFL¿F LQ Warrenton; Economic De- velopment Manager Erik Andersson from Pacif- ic Power; Public Affairs Manager Paulette McCoy from Providence Seaside Hospital. The public sector is rep- resented by Clatsop Coun- ty Manager Scott Somers, Clatsop Community Col- lege President Lawrence Galizio, Astoria City Man- ager Brett Estes, Cannon Beach City Manager Brant Kucera, Gearhart Mayor Dianne Widdop, Seaside City Councilor Tita Mon- tero, Warrenton Mayor Mark Kujala and Port of Astoria Commissioner Bob Mushen. Advisory board mem- bers are CEO Erik Thors- en for Columbia Memo- rial Hospital, Community Relations Manager Kristi Ward for Georgia-Pacif- ic Wauna Mill, Executive Director Susan Huntington of the Seaside Chamber of Commerce, Executive Di- rector Court Carrier of the Cannon Beach Chamber of Commerce, and Executive Director Jeff Hazen of the Sunset Empire Transporta- tion District. Kevin Leahy serves as the executive director for CEDR, the primary eco- nomic organization for Clatsop County, and of CCC’s Small Business De- velopment Center. Downtown businesses help ¿QG9DOHQWLQH¶V'D\JLIWV Downtown Astoria businesses holds the secrets to getting the right gift this Valen- tine’s Day. At participating businesses between Monday and Feb. 11, look for a conversation heart garland in the windows and ask about the gift registry. List the items you would like to receive, take a business card from each store you register in and give it to your sweetheart. More than 30 participating businesses will also be open until 7 p.m. for Valentine’s Night Out Feb. 12, a pro- motion of the Astoria Downtown Historic District Association, along with the con- versation hearts. Sellers: David Roberts and Jane Roberts Buyers: John V. Reniker and Deborah L. Reniker Address: 1360 Irving Ave., Astoria Price: $270,000 Seller: Neal WIlliam Kir- sher Buyer: Frank C. Gilles- pie Address: 15 Tyee St., Hammond Price: $153,000 Sellers: Jukka J. Perkio- maki and Judy A. Gervais Buyers: Minton J. Newell and Shannon M. Newell Address: Vacant Landon D Street, Gearhart Price: $163,500 Seller: R. Kahler Martin- son Buyers: William J. Pons and Sarah McCabe Pons Address: 9895 Beach Drive, Birkenfeld Price: $148,000 Angela Waddell Making the Dollar INTERVIEWS WITH LOCAL BUSINESSES BY EDWARD STRATTON Angela Waddell 4 Seasons Clothing 1405 Commercial St. Astoria Angela Waddell has moved her shop, 4 Seasons Clothing, to the John Jacob Astor Hotel building on the corner of 14th and Commercial streets, occupying the former storefront of Klassy Kloset. She carries a rotating lineup of fashion in a casual environment, complete with her Shiba Inu shop dog, Sophie. 4 Sea- sons Clothing is open from 10 a.m. to 5:30 p.m. Tues- day through Sunday and is closed Mondays through May. Find it on Facebook at http://on.fb.me/1utLS- BV. How would you describe your business? “We’re a moderate to upper women’s boutique catering to (ages) 20 to 70, not so much a matter about age as about personal style. Specialty, it can be anywhere from T-shirts and jeans for everyday. We like to carry workware for our waitresses, blous- es, pants. We also carry a beautiful line from Serbia, which is moderate-type. They’re made from lamb’s wool; in the summer they go to cottons. That partic- ular line is more wearable art. We carry Rose Mon- day from Denmark, which is a very nice line. People seem to seek out the higher quality foreign (clothes) as a specialty item, but we also carry Made in Amer- ica products.” How did you get into this? “One of my first jobs was in a boutique when I was in high school, and I just kind of stayed with the boutique end of it. I worked corporate before, to stay with the boutiques. An opportunity came up to open my own boutique 13 years ago. Opportunity knocked, and I answered. I bought an existing busi- ness (Four Seasons Clothing) that was for sale. I was actually going to open my own boutique, but when I found out that one was available, it was pretty much already turnkey. So the opportunity was prime. I’ve admired this location (1405 Commercial St.) for years, and there’s a lot happening down on this corner. Astoria’s really taking a turn. And there’s a lot happening on 14th. The public will see a lot of change, in the next three months even — the new businesses coming and other businesses expanding or moving, too. Who is your usual clientele? “It’s a split. We have a really strong local custom- er (base) that ranges anywhere from Long Beach, Ilwaco, Ocean Park, down to Manzanita, Portland, Seattle, Idaho, Montana. Just thinking of people who travel here on a regular basis, but then we also have our ‘by chance’ people, our tourists that come for a getaway to Astoria, Seaside, Cannon Beach, and they come across us. So it’s 50-50 balanced. I’m fortunate.” What are some of the quirks or challenges of running your business? “Not enough time in the day. Trying to accom- modate what customers need; trying to second guess what they might be shopping for six months from now, which is the biggest challenge, trying to stay tuned in to what their needs are. And I don’t always get it right. I try. It is going to be more of a chal- lenge in a smaller space, but we live in a pretty easy climate, so it’s not like we have to worry about so much snow gear, and our summers are very short. Even though it’s 4 Seasons Clothing, we really only have two.”