SIUSLAW NEWS | SATURDAY, JULY 6, 2019 | 9A
Port Hole authors
named awards finalists
For the second year, authors published by
Port Hole Publishing, based in Florence, Ore.,
have placed as finalists in the International Book
Awards competition. Named as finalists for 2019
are the Rev. Michael MacIntosh, whose memoir
“For the Love of Mike” was co-written by Sher-
wood Wirt and foreworded by Rev. Billy Gra-
ham, placed in Religion: Christian Inspirational,
and Chefs Robert and Sharity Saia, whose book
“The Center of the Plate: Recipe and Menu Gen-
esis, A Culinary Guide” placed in Cookbooks:
General.
MacIntosh’s book is “the classic story of re-
demption and the Jesus Movement, retold for a
new generation,” and, according to Graham, is “a
message of hope to those whose lives have been
marred and twisted by the underside of modern
culture.”
“We were surprised to see MacIntosh’s book
in the IBA awards listing directly beneath Pope
Francis’s inspirational book, ‘On Hope,’ by Loyola
Press,” said publisher Ellen Traylor.
Chef Robert Joe Saia, CCC, CAD, RD, is one of
a handful of people worldwide who hold both a
Dietetics Degree and a Chef de Cuisine Certifica-
tion. His wife Sharity is his righthand assistant in
the kitchen where the two work on new recipes,
book concepts, apps and menus.
“We are very honored that our small compa-
ny has placed with such publishers as Simon and
Schuster, HarperCollins and other big brands,”
said Traylor. “Out of six Port Hole books entered
in the past two years, we have placed four final-
ists. We think this shows a level of professional-
ism of which we and our authors can be proud.”
The International Book Awards provides a
venue for writers to compete with talented au-
thors throughout the world. The awards enlist
expert judges in numerous genres to select fi-
nalists and winners as a promotional vehicle for
authors and publishers.
“We are grateful for all of our authors,” said
Traylor, “and especially for those who achieve
honors such as this.”
The Studios offers best in art, products and Pilates
The Studios at Jayne Smoley
Design continues to ‘give the
gift of art’ with its gallery space
at 1458 First St. in Florence,
tours during the 2nd Saturday
Gallery Tour, Pilates @ The
Studios and The Studio Boxes.
From resident artists Jayne
Smoley, Gigi Lassan and
Tamarah Phillips to monthly
featured artists, such as pho-
tographers Curt Peters and
Craig Shreeve and July water-
colorist Sherree Rodriguez,
The Studios showcases the best
in local works. In addition, The
Studio Boxes pair exquisite art
with themed gifts that match
any special occasion,
“We have forged relation-
ships with artists and artisans
all over the Pacific Northwest
who we want to support and in-
troduce their works
to you through our
curated gift boxes,”
Smoley said.
Each box is filled
with a unique blend
of original art and
artisan produced
products.
Themes include
weddings — from
delicate wines for
bridesmaids
to
hearty
whiskeys
for
groomsmen,
as well as custom-
izable honeyman
welcome
boxes
— the Hello Baby
Box, seasonal box-
es and The Drift
Box, featuring Flor-
ence-themed items.
At Pilates
@ The Studios,
people
will
find a unique
experience
and support-
ive environ-
ment where all
are welcome.
“Our mission is to empower a commu-
nity to feel the benefits of Classical Pilates
and to encourage harmony between the
mind, body and spirit,” said owner Carol
Prendergast.
The studio, located within The Studios
at Jayne Smoley Designs, provides an in-
timate setting that allows students to im-
prove balance, increase flexibility and
strengthen their core. All sessions are a
mindful fitness experience tailored to in-
dividual goals and needs.
For more information, visit www.pilat-
esthestudios.com.
Twin Lakes Store expansion open
There are big changes north
of town. Twin Lakes Store has
expanded in a big way by add-
ing a fully stocked liquor store.
Florence Liquors North #1266
is located inside Twin Lakes
Store and is the second liquor
store for Florence area.
The owner, Vicki Ambrosio,
has been working on this proj-
ect for almost three years.
“It is beautiful and I’m quite
excited to see it finally come to-
gether,” Ambrosio said.
Twin Lakes Store has been
a hub for the northern lakes
community for decades and
now offers one-stop shopping
for most needs. Hours are go-
ing to remain the same, open
every day from 7 a.m. until 9
p.m.
“Navigating the county
process and engineers alone is
huge, certainly not user friend-
ly,” Ambrosio said about the
biggest challenge to the project.
“But it was worth it.”
If the community has not
checked out the final expan-
sion, drive north on Highway
101 to Twin Lakes, three miles
past Heceta Beach Road.
“A Big Foot wood carving
will wave at you when you drive
past,” Ambrosio says.
She likes to support the locals
and has plans on adding Oregon
memorabilia and tourist souve-
nirs along with local artists and
area books and artwork.
A grand opening will be
scheduled soon and the date
will be announced in the fu-
ture. For more information,
call the store at 541-997-3021.
Oregon Pacific Bancorp, bank announce 2018 earnings
Oregon Pacific Bancorp
reported financial results for
the fourth quarter and year
ending on Dec. 31, 2018.
Oregon Pacific Bancorp,
and its wholly owned sub-
sidiary Oregon Pacific Bank,
reported annual net income
of $2.6 million, or $0.37 per
diluted share. This represents
an increase of $1.2 million or
83 percent growth over 2017
net income of $1.4 million.
“We are very proud of the
many significant achieve-
ments that occurred during
2018,” said Ron Green, pres-
ident and chief executive offi-
cer. “We have a talented team
focused on building client
relationships and their hard
work is reflected in our 2018
ending financial results.”
During the fourth quarter,
gross loans grew by $22.4
million and totaled $252.1
million at Dec. 31. Fourth
quarter loan growth marked
the highest quarterly growth
in Oregon Pacific’s history.
On an annual basis, loan
growth totaled $59.4 million,
representing an annual loan
growth rate of 30.86 percent.
Loan growth occurred across
all loan types with the largest
portion of the growth cen-
tered in non-owner occupied
commercial real estate and
commercial non-real estate
loan categories. The bank also
saw quarterly growth in core
deposits of $6.5 million and
$48.9 million in growth for
the year.
Once we
know what
you love,
we won’t stop
until you
have it.
“We are proud of our out-
standing team of bankers as
they produced record loan
and deposit growth during
the year,” said Green. “We
continue to focus on pro-
viding an exceptional client
experience, which we believe
will grow earning assets and
drive future revenue. Our
commitment continues to be
that we strive to create value
and success for our share-
holders, clients, staff and the
communities we serve.”
On an annual basis the
bank recognized interest in-
come of $11.8 million rep-
resenting an increase of $2.7
million over the prior year.
The increase was due to
growth in interest earning
assets, coupled with increase
in yield, which grew from
4.07 percent in 2017 to 4.46
percent in 2018. The bank
also experienced an increase
in interest expense, which
expanded from $579,000 in
2017 to $788,000 in 2018.
During the same period,
the cost of interest-bearing li-
abilities moderately increased
to 0.43 percent in 2018, up
from 0.36 percent in 2017.
Growth in the yield on in-
terest earning assets more
than outpaced the cost of in-
terest-bearing liabilities and
contributed to expansion of
the tax equivalent margin to
4.17 percent in 2018, up from
3.81 percent in 2017.
During 2018 the bank rec-
ognized provision for loan
losses of $554,000, represent-
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Email: info@EllenTraylor.com
Owner: ELLEND GUNDERSON
TRAYLOR
www.EllenTraylor.com
179 Laurel Street - Suite D
Florence, Oregon 97439
Ph: 541-999-5725
Owner/Publisher:
Bestselling Author
ELLEN GUNDERSON
TAYLOR
www.EllenTraylor.com
ing an increase of $282,000
over the prior year. During
the quarter the bank recog-
nized $256,000 in provision
for loan losses, representing
an increase of $131,000 over
third quarter 2018. Provi-
sion expense for the fourth
quarter 2018 was primarily
attributable to loan growth as
the bank did not experience
any material credit migration
during the fourth quarter.
The bank’s noninterest in-
come expanded to $4.8 mil-
lion during 2018, an increase
of $514,000 or 11.97 percent
over the prior year. The larg-
est growth came from the
Trust fee income category,
with approximately $202,000
of that growth attributable to
refining our accrual account-
ing adjustments. Historically
the bank recognized Trust
income on the cash basis, and
migration to the accrual ba-
sis resulted in recognition of
thirteen months of trust relat-
ed revenue for 2018. This is a
one-time adjustment and was
substantially offset with simi-
lar “accrual basis” accounting
adjustments in noninterest
expense, primarily salaries
and employee benefits and
outside services. There was
no significant impact to our
net income as a result of these
refinements to noninterest
income and noninterest ex-
pense.
2018 noninterest expense
totaled $11.9 million repre-
senting an increase of $2.1
million over the prior peri-
od. Increased expense was
experienced across multiple
categories with the largest
portion related to employee
salaries and benefits. During
the year the bank saw growth
in staffing levels from 85 full-
time equivalent employees in
December 2017 to 108 full-
time equivalent employees in
December 2018. In addition
to the increased staffing level,
the bank made several addi-
tional accrual accounting ad-
justments during the fourth
quarter, which resulted in
recognition of approximately
$164,000 of expense related
to group insurance and salary
expense and $30,000 related
to outside services.
In December, the bank
relocated the Eugene office
from its sixth-floor location
within the Citizens Build-
ing to a full-service branch
location located at 59 East
11th Ave. Associated with the
Eugene relocation was an in-
crease in occupancy expense
on a linked quarter basis of
$108,000, primarily due to
the write off of the remaining
leasehold improvements for
the prior office location.