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
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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
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• Net interest margin.
• Nonperforming loans (NPLs) as a
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be ranked the best in Washington and
• Nonperforming assets as a percent-
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fourth year in a row. “
• Reserves as a percentage of NPLs.
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• Two capital ratios (Tier 1 and risk-
nancial data provider SNL Financial, and based) and leverage ratio.
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The rankings also factor revenue
lic banks and thrifts as of Sept. 30. The growth for the latest 12 months based on
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Clatsop Community Bank has strong growth
SEASIDE — Clatsop Community
Bank reported strong growth in the fourth
quarter ended Dec. 31.
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or $1.42 per diluted share, a more than
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the prior year.
Net income for the three-month period
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a result of a full deferred tax asset (DTA)
valuation allowance reversal.
For 2014, the bank reported a net prof-
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Joe Schulte. “Our entire team has worked
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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
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$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-
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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-
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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
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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.
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personal property tax returns
SALEM — If you own a busi-
ness — even a home-based busi-
ness — Oregon law requires that
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erty tax return with your county
assessor by March 1, unless you
have been granted an extension
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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-
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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-
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property returns, even if person-
al property value is less than the
current cancellation threshold,
Schack said.
If a business owner, you must
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• 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
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• 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
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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
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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
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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.”