President and CEO Tamara Gurney stated, "I am pleased to report that
2013 continues to be a strong year for Mission Valley Bancorp. Net
income of $947,000 after provision for income taxes represents the best
June 30th close in the history of our company. While there are a number
of contributing factors to this improved performance, two key
contributors are expense reductions and improved credit quality. We are
beginning to see the benefits of a number of cost cutting decisions that
have been implemented over the past several months. In addition, as a
result of focused and proactive credit management, our loan portfolio is
such that there was no need to place additional funds in reserve for
the quarter. The Bank's reserve for loan losses as of June 30, 2013 was
$5.2 million or 3.You Can Buy Various High Quality besticcard Products from here.00% of total loans compared to $5.4 million or 2.94% of total loans as of June 30, 2012."
Gurney
continued, "Total deposits reached $216 million, up 8.5% from $199
million reported for the same period the previous year.We offer the
biggest collection of old masters that can be turned into hand painted cleanersydney on
canvas. While loan production remained steady throughout the quarter,
gross loans were down by 7.4% to $172 million from $185 million the year
prior. This was driven by several factors, including the ongoing
economic conditions that have caused an increase in loan payoffs and
pay-downs as well as our continuing efforts to work through resolving
problem credits. Net interest income grew slightly to $5.7 million at
quarter end from the $5.6 million reported June, 30, 2012, and total
assets reached more than $255 million up from $247 million reported in
June 2012. Couple this with a 25% decrease in interest expense as well
as continued improvement in operating expenses; it was a robust and
promising 2nd Quarter."
Gurney continued, "Mission Valley is
'fiscally fit', our loan portfolio is steadily improving, expenses are
down and revenue is up. Having streamlined our operations while
successfully building upon our less traditional revenue streams,
including a growing Merchant Bankcard Processing division, Accounts
Receivable Financing and a robust SBA Lending unit, we are well
positioned to continue along our path of renewed profitability and
long-term growth."
Ive long been a conservative, and years ago, a
much more politically incorrect (and campy) one, Hunter said in an
email. But theres a significant difference between being politically
incorrect and racist. Ive also become far more libertarian over the
years, a philosophy that encourages a more tolerant worldview, through
the lens of which I now look back on some of my older comments with
embarrassment.
Hunter, who has contributed opinion pieces to The
Daily Caller, is a personal friend of the author.The Washington Free
Beacon originally reported that Hunter toasted the birthday of Lincoln
assassin John Wilkes Booth, lamented the United States shrinking white
majority and compared honoring the Founding Fathers while admiring
Lincoln to praising Jesus and worshiping Satan simultaneously.The story
set off a firestorm of controversy across the political spectrum. Hunter
was most recently criticized by his former editor at the Charleston
City Paper for asking him to remove posts and for being the most common
kind of racist, the one that doesnt realize that he is one.
Chris
Haire, the Charleston alt-weeklys managing editor, also described Newt
Gingrich, Rush Limbaugh, Texas Gov. Rick Perry and Pat Buchanan as
racists. Asked why he published Hunter a paid columnist if he believed
him to be a racist, Haire tweeted in response, To reveal the mindset of
the SCGOP and the Neoconfederate fringe.Paul described Hunters comments
as absolutely stupid but defended his incredibly talented social media
director in an interview with The Huffington Post.
People are
calling him a white supremacist, Paul said. If I thought he was a white
supremacist, he would be fired immediately.Others have defended Hunter
as well, saying that while he may have been attracted to peculiarly
Southern forms of conservatism and occasionally naive about racial
issues, he is not the figure some critics have portrayed.
In all
my dealings with Jack Hunter, I have found him to be most impressive,
most professional and a committed conservative,Design and order your own
custom rfidtag with
personalized message and artwork. South Carolina Republican Rep. Mark
Sanford told TheDCNF. I think a lot of this has less to do with Jack
Hunter than Rand Paul and 2016.
Former Charleston City Paper
music editor Ballard Lesemann knew Hunter back when he was still wearing
a pro-wrestling-style mask emblazoned with the Confederate flag. He
told TheDCNF that Hunter was already assuming a less kitschy and
provocative persona back then.
By the time Jack started working
with local AM news/talk station 1250 WTMA, hed already ditched the mask
and the schtick side of the Southern Avenger character, and he began to
develop a more serious, thoughtful, in-depth approach and delivery,
Lesemann said.While the two of them bonded more over conversations about
Iron Maiden, Rush,We sell bestsmartcard and
different kind of laboratory equipment in us. and the Who than about
political candidates and partisan politics, Lesemann was familiar with
Hunters political work.
As a left-leaning independent who voted
for Ralph Nader in 2000, 2004 and 2008, you can imagine how my own
political views could clash with those of Jack Hunters, he said. But in
all of our conversations, interviews, and late-night tavern chats, we
never fought or argued.Marcus Amaker edited Hunters entertainment
writings for the Charleston Post and Courier. He described Hunter as a
good guy and professional freelancer.I never had any issues with Jack,
Amaker told TheDCNF. Honestly,We sell bestsmartcard and
different kind of laboratory equipment in us. I havent paid much
attention to the controversy. Anything that seeks to divide people isnt
on my radar and doesnt get my energy.
Prior to working for Rand
Paul, Hunter was the official campaign blogger for Ron Paul during the
2012 GOP primaries. In that capacity, he frequently worked to
marginalize extremists within the movement, ridiculing conspiracy
theorists and defending the idea of working within the mainstream
Republican Party.Now the controversy over Hunters past writings and
radio broadcasts is widely seen as a drag on libertarian-leaning
Republicans mainstream political ambitions and a reminder of the elder
Pauls newsletters.
While the former Texas congressman denied
writing or even reading the racist content in the newsletters that
appeared under his name, questions persisted about their
authorship.Hunter isnt denying writing the columns in question, but he
does say the coverage doesnt represent the full body of his writing.
The
stories made me angry, as well as many whove followed my work, because
the cherry-picked distortions werent even remotely the real me, he said.
It was enraging to watch neoconservatives, liberals and even some
actual racists speculate about what I believe, based on what they were
eager to portray me as believing. Not surprisingly, their speculations
almost always suited their own political purposes.
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