News Article | April 19, 2017
President and CEO David V. Heald commented, "Building shareholder value in a safe and sound manner is our primary goal. Our financial results demonstrate our continued capability to produce exceptional performance for our shareholders and our community. This quarter's record earnings of $1.9 million, is a 25% increase over the same quarter in 2016. We continue to record double-digit growth in all categories of the balance sheet on a year over year basis. This growth has occurred entirely within our local community, which has recognized us as the Best Bank for a fifth consecutive year." Selected financial information is presented in the following table: Loans, Asset Quality & Deposits Total assets grew by $9.5 million to $598 million in the first quarter and by $73 million over the last twelve months. The Bank's asset quality remained exceptional. For the first quarter, gross loans increased by $6.5 million, and year over year increased $46 million, 12% to $421.5 million. Allowance for loan losses of $8.5 million at March 31, 2017 represents a 13% increase over the same period last year. Deposits grew by 2%, $7.9 million since December 31, 2016. Non-Interest Income / Expense and Net Interest Margin A component of the Bank's core business is the origination and sale of loans generated by its top producing SBA Department which results in gains that are included in non-interest income. For the first quarter of 2017, the non-interest income total was $885 thousand which included $229 thousand of gains on loans sold. This represented a decrease in non-interest income of $66 thousand compared to prior quarter, when $333 thousand in gains was recognized, and a decrease of $80 thousand compared to the same period in 2016, which included $420 thousand in gains on loans sold. Non-interest expense for the three-month period ended March 31, 2017, increased 6% or $203 thousand compared to prior quarter but decreased 4% or $160 thousand compared to the same period last year. Net interest income of $6 million for the quarter ended March 31, 2017 exceeded the prior quarter by $396 thousand or 7% and exceeded the first quarter of 2016 by $607 thousand or 11%. The improvement is driven by a continued focus on building high quality earning assets through loan production and the benefit from recent rate increases implemented by the Federal Open Market Committee. Consequently, net interest margin at 4.27% was roughly equivalent to the same period last year but improved 9% compared to 3.93% for the fourth quarter of 2016. Shareholders' Equity Total shareholders' equity was $52.7 million at March 31, 2017, a $6.6 million, 14% increase over March 31, 2016. The value added to our shareholders was due to continued strong earnings. This increase was reduced by the payout of quarterly cash dividends. Common stock cash dividends totaled $110 thousand or $0.05 per share for the quarter ended March 31, 2017. Historically, the Bank has paid sixteen consecutive $0.05 cash dividends totaling over $1.6 million to shareholders. For the three month period ended March 31, 2017, the Bank's return on average equity was 14.61% and return on average assets was 1.29%. The book value per share of Santa Cruz County Bank's common stock at March 31, 2017 was $23.96, up from $21.02 for the same period in 2016. ANNUAL MEETING NOTICE The Bank's Annual Meeting of Shareholders will be May 22, 2017 at the Sesnon House at Cabrillo College, 4:00 p.m. Pacific Daylight Time. NATIONAL, STATE, AND LOCAL RATINGS AND AWARDS OTCQX Best 50: Santa Cruz County Bank was named one of 50 best performing companies on OTCQX based on total return and growth in average daily dollar volume in 2015. Financial Management Consulting (FMC) Group: Santa Cruz County Bank ranked 2nd in overall performance among 185 California banks and ranked 1st (lowest) in non-performing assets for the full year in 2016. The Bank has ranked in FMC's top ten banks in California for the past two years. The Findley Reports, Inc.: Santa Cruz County Bank was named a Super Premier Performing Bank for its 2016 performance. The Bank has received the top ranking of Super Premier by Findley for seven years. Bauer Financial Reports, Inc.: Santa Cruz County Bank rated five star or "Superior" for its financial strength for the quarter ended December 31, 2016. American Banker Magazine: Santa Cruz County Bank ranked 44th out of 684 institutions in American Banker Magazine's "Top Performing 200 Community Banks & Thrifts in the United States" based upon 3-year average return on equity. The Bank has ranked in the Top 200 Community Banks in the United States for three consecutive years. Independent Banker Magazine, published by the ICBA: Santa Cruz County Bank ranked 22nd in its Top Best Performing Member Community Banks for return on average equity. COMMUNITY AWARDS AND RECOGNITION 2017: Second Harvest Food Bank of Santa Cruz County "Big Step Award" for the 2016 Holiday Food Drive. 2016: United Way of Santa Cruz County "Corporate Spirit Award" for outstanding support. 2017, 2016, 2015, 2014, 2013: Voted "Best Bank" by the readers of Good Times, a weekly publication with distribution throughout Santa Cruz County. 2017, 2016, 2015: Voted "Best Bank" by the readers of Santa Cruz Sentinel, a daily publication with distribution throughout Santa Cruz County. 2013: Volunteer Center of Santa Cruz County "Be the Difference" Business Award for leadership and volunteerism. Santa Cruz County Bank, founded in 2004, is a locally owned and operated community bank with offices located in Aptos, Capitola, Santa Cruz, Scotts Valley and Watsonville. The bank offers a variety of competitive deposit and lending solutions for businesses and individuals; including business loans, lines of credit, commercial real estate financing, agricultural loans, SBA and USDA government guaranteed loans, credit cards, merchant services, remote deposit capture, mobile and online banking, bill payment, and cash management. For the past nine years, the Bank's SBA Department has been recognized as a top SBA lender in Santa Cruz County. Santa Cruz County Bank is a top USDA lender in the state of California. Santa Cruz County Bank stock is publicly traded on the OTC marketplace under the stock symbol SCZC. Stock purchase orders may be placed through a brokerage firm or one of the Market Makers listed in the Investor Relations section of the bank's website. For more information about Santa Cruz County Bank, please visit our website www.sccountybank.com. This release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/santa-cruz-county-bank-reports-record-earnings-for-the-first-quarter-ended-march-31-2017-300441567.html
News Article | May 2, 2017
LearnHowToBecome.org, a leading resource provider for higher education and career information, has evaluated the best colleges and universities in California for 2017. Of the 50 four-year schools who made the list, Stanford University, University of Southern California, California Institute of Technology, University of California Los Angeles and University of California Berkeley came in as the top five. Of the 50 two-year schools ranked, Santa Rosa Junior College, Pasadena City College, Ohlone College, College of San Mateo and Mission College were the top five. A full list of schools is included below. “California offers students some of the highest-quality academic opportunities in the country, and the schools on our list are the best of the best,” said Wes Ricketts, senior vice president of LearnHowToBecome.org. “Not only do these colleges and universities offer outstanding degree programs, they also provide their students with career resources and counseling services that equip them for post-college success.” To be included on the “Best Colleges in California” list, institutions must be regionally accredited, not-for-profit schools. Each college is ranked on additional statistics including the number of degree programs offered, the availability of career and academic resources, the opportunity for financial aid, graduation rates and annual alumni earnings 10 years after entering college. Complete details on each college, their individual scores and the data and methodology used to determine the LearnHowToBecome.org “Best Colleges in California” list, visit: The Best Four-Year Colleges in California for 2017 include: Art Center College of Design Azusa Pacific University California Baptist University California Institute of Technology California Lutheran University California Polytechnic State University-San Luis Obispo California State University-Long Beach Chapman University Claremont McKenna College Concordia University-Irvine Dominican University of California Fresno Pacific University Harvey Mudd College Holy Names University Loma Linda University Loyola Marymount University Mills College Mount Saint Mary's University National University Notre Dame de Namur University Occidental College Pacific Union College Pepperdine University Pitzer College Point Loma Nazarene University Pomona College Saint Mary's College of California San Diego State University San Francisco State University San Jose State University Santa Clara University Scripps College Stanford University University of California-Berkeley University of California-Davis University of California-Irvine University of California-Los Angeles University of California-Riverside University of California-San Diego University of California-Santa Barbara University of California-Santa Cruz University of La Verne University of Redlands University of San Diego University of San Francisco University of Southern California University of the Pacific Westmont College Whittier College Woodbury University The Best Two-Year Colleges in California for 2017 include: Allan Hancock College American River College Bakersfield College Butte College Cabrillo College Canada College Chabot College Chaffey College Citrus College City College of San Francisco College of San Mateo College of the Canyons College of the Siskiyous Contra Costa College Copper Mountain College Crafton Hills College Cuesta College Cypress College De Anza College Diablo Valley College Feather River College Foothill College Fresno City College Las Positas College Lassen Community College Long Beach City College MiraCosta College Mission College Modesto Junior College Monterey Peninsula College Mt. San Antonio College Napa Valley College Ohlone College Orange Coast College Palomar College Pasadena City College Riverside City College Sacramento City College Saddleback College San Bernardino Valley College San Diego Mesa College Santa Ana College Santa Barbara City College Santa Rosa Junior College Shasta College Skyline College Solano Community College Southwestern College West Valley College Yuba College ### About Us: LearnHowtoBecome.org was founded in 2013 to provide data and expert driven information about employment opportunities and the education needed to land the perfect career. Our materials cover a wide range of professions, industries and degree programs, and are designed for people who want to choose, change or advance their careers. We also provide helpful resources and guides that address social issues, financial aid and other special interest in higher education. Information from LearnHowtoBecome.org has proudly been featured by more than 700 educational institutions.
von der Heyden S.,Stellenbosch University |
Bowie R.C.K.,University of California at Berkeley |
Prochazka K.,Forestry and Fisheries |
Bloomer P.,University of Pretoria |
And 2 more authors.
Journal of Evolutionary Biology | Year: 2011
Biogeographic boundaries are the meeting zone of broadly distributed faunas, or the actual cause of a faunal break. In the latter case, closely related sister species should be found across such a boundary. To achieve such a situation, preliminary stages are expected, where phylogeographic breaks followed by genetic cryptic speciation would be observed. Biogeographic boundaries, in the Cape Point/Cape Agulhas region of southern Africa, offer an ideal system to test such predictions. Here, we studied two intertidal clinid fish species that are endemic to southern Africa, Clinus superciliosus (n=127) and Muraenoclinus dorsalis (n=114). Using mitochondrial control region, 16S rRNA, 12S rRNA and NADH2 genes and the nuclear rhodopsin and the first intron of the S7 ribosomal protein gene, we show both phylogeographic breaks and likely cryptic speciation in each species. Pairwise Φ st results suggest population genetic structuring for both species, with higher levels for M. dorsalis (Φ st=0.34-0.93) than for C. superciliosus (Φ st=0.1-0.74). Further, we recover two and three distinct lineages within M. dorsalis and C. superciliosus, respectively. Phylogenetic topologies, concordance between nuclear and mitochondrial markers and levels of sequence divergence, which are consistent with closely related sister species pairs, suggest the presence of cryptic species. Our results therefore meet the expectation for reduced gene flow at a biogeographic barrier, which translates into significant genetic breaks and cryptic sister species. © 2011 The Authors. Journal of Evolutionary Biology © 2011 European Society For Evolutionary Biology.
News Article | October 28, 2016
The nation’s Best Construction Management Degree Programs have been ranked by leading online higher education resource site Community for Accredited Online Schools (AccreditedSchoolsOnline.org). Comparing data from both online and on-campus programs at two- and four-year schools respectively, the lists determine which schools provide the best overall Construction Management training for 2016-2017. Top scoring four-year schools include the University of Alaska Fairbanks, Utah Valley University, Florida State College at Jacksonville, College of Southern Nevada and Roger Williams University; top scoring two-year schools include Metropolitan Community College, Piedmont Community College, Cape Fear Community College, Edmonds Community College and Santa Fe Community College. “Construction management is a great degree for those interested in advancing their career in architecture, design or a variety of skilled trades,” said Doug Jones, CEO and Founder of the Community for Accredited Online Schools. “As student demand increases, the number of schools offering formal construction management degrees also rises, making our analysis of each program around the country extremely beneficial for college-bound students.” More than a dozen different school-specific metrics, from graduation rates to student-teacher ratios, are weighed against one another to determine the Best Construction Management Degree Programs in the country. Colleges must also meet a handful of standard guidelines to qualify for the AccreditedSchoolsOnline.org list; institutions are required to be accredited public or private not-for-profit entities. Each must also offer students career placement assistance or services. All schools named on the 2016-2017 Best Construction Management Degree Programs in the U.S. list are included below. Specific details on data and methodology used, as well as ranking order for each list can be found at the following link: Albany Technical College Arizona Western College Asheville-Buncombe Technical Community College Bossier Parish Community College Cabrillo College Cape Fear Community College Central Community College Central New Mexico Community College College of the Canyons College of the Desert Community College of Allegheny County Cosumnes River College Delaware County Community College Delta College Diablo Valley College Edmonds Community College Erie Community College Frederick Community College Gwinnett Technical College Harrisburg Area Community College - Harrisburg Inver Hills Community College Ivy Tech Community College Joliet Junior College Laney College Lee College Lorain County Community College Mesa Community College Metropolitan Community College Mississippi Gulf Coast Community College North Hennepin Community College Northland Pioneer College Parkland College Pickens Technical College Piedmont Community College Pitt Community College Prince George's Community College Rowan-Cabarrus Community College San Diego Mesa College Santa Fe Community College Savannah Technical College Sinclair College South Suburban College Texas State Technical College - Waco The Community College of Baltimore County Trinidad State Junior College Ventura College Victor Valley College Washburn Institute of Technology Washtenaw Community College Wilkes Community College Bowling Green State University - Main Campus Brazosport College Broward College Central Washington University College of Southern Nevada CUNY New York City College of Technology Drexel University Dunwoody College of Technology Eastern Michigan University Farmingdale State College Ferris State University Florida Agricultural and Mechanical University Florida State College at Jacksonville Indian River State College John Brown University Kennesaw State University Lawrence Technological University Mississippi State University Missouri Western State University Montana State University - Northern Morgan State University Navajo Technical University North Dakota State University - Main Campus Northern Michigan University Northern New Mexico College Oklahoma State University - Oklahoma City Pensacola State College Philadelphia University Pittsburg State University Pratt Institute – Main Campus Roger Williams University Seminole State College of Florida Snow College State College of Florida-Manatee - Sarasota SUNY College of Environmental Science and Forestry SUNY College of Technology at Alfred SUNY College of Technology at Delhi The University of Montana University of Akron Main Campus University of Alaska Fairbanks University of Arkansas at Little Rock University of Minnesota - Twin Cities University of Oklahoma - Norman Campus Utah State University Utah Valley University Valencia College Weber State University Western Carolina University Youngstown State University About Us: The Community for Accredited Online Schools (AccreditedSchoolsOnline.org) was founded in 2011 to provide students and parents with quality data and information about pursuing an affordable education that has been certified by an accrediting agency. Our community resource materials and tools span topics such as college accreditation, financial aid, opportunities available to veterans, people with disabilities, as well as online learning resources. We feature higher education institutions that have developed online learning programs that include highly trained faculty, new technology and resources, and online support services to help students achieve educational success. environments that include highly trained faculty, new technology and resources, and online support services to help students achieve educational and career success.