2C • SUNDAY, AUGUST 1, 2010
Food Lion’s Green joins industry group Cathy Green of Food Lion was elected to serve on the 2010-2011 board of directors for the Carolinas Food Industry Council during the sixth annual convention held July 22-24 at the Hilton Resort in Myrtle Beach, S.C. More than 1,200 grocers convened for three days of educational seminars, networking, golf and water activities. Robert Masche of Piggly Wiggly Carolina Co. of Charleston, S.C. was elected president.
Davis in magazine’s top physician’s list Harriet Neely Davis of Camel Family Physicians is listed in Charlotte Magazine’s top physician’s list for 2010. Recipients were chosen from a survey of Charlotte doctors. She is the DAVIS daughter of Barbara Neely and the late Harry Neely. Harriet is married to Jacques Davis and has a son, Chase.
TROY — First Bancorp, the parent company of First Bank, announced net income of $2.9 million for the three months ended June 30, and $6.3 million for the six months ended June 30. For the three and six months ended June 30, the company reported earnings of $43.5 million and $46.6 million, respectively. In the second quarter of 2009, the company had a $67.9 million gain related to the acquisition of Cooperative Bank in Wilmington. The after-tax gain was $41.1 million. Net interest margin in the second quarter was 4.35 percent, up from the 4.16 percent realized in the first quarter. The provision for loan losses amounted to $8 million in the second quarter compared to $7.6 million in the first quarter and $3.9 million in the second quarter of 2009. Total assets were $3.3 billion, a 6 percent decrease from a year earlier. Total loans at June 30 amounted to $2.6 billion, a 7.8 percent decrease from a year earlier, and total deposits amounted to $2.8 billion at June 30, a 2.8 percent decrease from a year earlier.
BNC Bancorp reports net earnings up THOMASVILLE — BNC Bancorp, holding company for Bank of North Carolina, announced net income for the second quarter ended June 30
Hess Mental Health now open Julia Hess has opened Hess Mental Health Consulting & Education, which is dedicated to increasing awareness, understanding and acceptance of mental health issues while promoting positive mental health creatively. Services include professional onsite workshops and training, community programs and workshops, information and resources display, and mental health screenings. Current program topics include recognition and understanding of mental illnesses, creative coping during difficult times, dealing with depression, a check-up from the neck up and stamping out stigma. A group or business can request specific topics, and Hess Mental Health will customize programming and training to fit those needs. Hess is a registered nurse specializing in psychiatric nursing and mental health with more than 20 years combined therapy, education and
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Bank of Carolinas reports net loss MOCKSVILLE — Bank of the Carolinas Corp. reported a net loss of $188,000 for the second quarter compared to a net loss of $1.48 million in the second quarter of 2009. After payment of dividends on preferred stock, the net loss for the three months ended June 30 was $415,000, or 11 cents per common share. That’s compared to a net loss of 41 cents per common share for the second quarter of 2009. For the six-month period ended June 30, the company had a net loss of $423,000 compared to a net loss of $2.13 million for the six-month period of 2009. The net loss for the six months ended June 30 was $877,000, or 23 cents per com-
GOUT and Heart Disease? Crescent Medical Research is conducting a clinical research study that may advance the knowledge of this disease. You may qualify if you are 50 yrs or older. Compensation for time and travel may be provided. Study-related medical procedures are at no cost.
Dillard on NCADA executive committee
Licensed North Carolina & Out of State
DWI ASSESSMENT Provider CHOICES Substance Abuse Services 1121 Old Concord Rd. Ste. 7 Salisbury, NC 28146 Call for Appointment: 704-637-7797
For more information call 704.647.9913 or visit www.pmg-research.com/crescent
Jerry Clevenger, LCAS, CCS Special rates for Veterans and Active Duty Military
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To advertise in this directory call
704-797-4220 R121010
Thom Dillard of Salisbury was named vice chairman of the North Carolina Automobile Dealers Association (NCADA) during the association’s recent 75th Anniversary Celebration in Southern Pines. He has previously served as NCADA vice chairman and treasurer. Dillard is president of Team Chevrolet Cadillac in Salisbury, which includes Chevrolet, Cadillac, Buick, Pontiac and GMC franchises. He has served on the Chevrolet National Dealer Council, Chevrolet National Car Advisory Board, and Southeast Regional GM Dealer Council. He has also served on the board of Rowan Helping Ministries and the Red Cross. Other officers elected include Chairman Mike Johnson of Hickory, Secretary Natalie Tindol of Gastonia and Treasurer Omnia Fowler of Winston-Salem. Outgoing Chairman Linda Leith of Raleigh will continue to serve on the executive committee for the next year.
ONLINE QUOTES: www.isenhourfreeman.com
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First Bancorp income at $2.9 million
mon share, compared to a net loss of 57 cents per common share for the six month period of 2009. For the three- and sixmonth periods in 2010, net interest income increased 42.7 percent and 37.4 percent, respectively, over the comparable periods in 2009. Year-todate net interest margin increased to 3.28 percent from 2.26 percent the previous year. Nonperforming assets totaled $20.8 million and amounted to 3.86 percent of total assets, compared to $17.5 million, or 2.86 percent of total assets, as of Dec. 31, 2009, and $20 million, or 3.27 percent of total assets at June 30, 2009. The provision for loan losses totaled $1.09 million for the quarter ended June 30, an increase of 50.9 percent from the provision of $720,000 for the second quarter of 2009. Total assets amounted to $539.9 million, a decrease of 11.6 percent when compared to the $610.4 million as of Dec. 31, 2009, and a decrease of 11.7 percent when compared to $611.1 million as of June 30, 2009. Loans totaled $368.8 million, a decline of 9 percent from a year earlier, and deposits fell 14.7 percent over the prior year to $414 million Submit information about new businesses, honors and management promotions to bizbriefs@salisburypost.com.
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Each card could earn customers as much as $250,000 in prizes. The company expects to award a total of more than $5 million to approximately 3 million customers during the summer promotion, with prizes ranging from $1 to $250,000 per winning card. All Delhaize America banners participate, including Bottom Dollar Food, Hannaford, Sweetbay, Food Lion, Bloom, Harveys and Reid’s. Customers get a scratchand-win game card for every qualifying transaction. The promotion will continue until all game cards are distributed. A mail-in entry method does not require a purchase. See official rules for details on all banner websites. This is the first contest promotion involving all Delhaize America banners.
of $11.2 million, or $1.45 per diluted share, compared to $934,000, or 13 cents per share, for the same 2009 quarter and $886,000, or 12 cents per share, for the first quarter. For year-to-date 2010, income available to common shareholders was $12.1 million, or $1.61 per diluted share, compared to $1.8 million, or 25 cents per share, for the same period in 2009. Second quarter 2010 earnings were impacted by a pretax gain of $19.3 million ($11.9 million tax-effected) resulting from the acquisition of Beach First National Bank, mergerrelated expenses of $1.2 million, and a $587,000 pre-tax gain from the sale of investment securities. Total assets were $2.16 billion, up $533.4 million, or 32.8 percent, from $1.63 billion March 31. Excluding the acquisition of Beach First, assets increased by $64 million, or 3.9 percent during the quarter. Since March 31, total loans increased by $381.5 million, or 35 percent, to $1.47 billion; excluding Beach First, loans grew $35.2 million, or 3.2 percent, over the three-month period. The loan portfolio includes $346.3 million in loans carried at fair value that are covered under a loss-share agreement with the FDIC and $1.15 billion in loans that have a related allowance for loan losses and are not covered under a loss-share agreement.
“The unexamined life is not worth living” -Socrates
Thinking rationally about your life’s purpose, career decisions, relationship issues, faith questions.
James D. Spiceland, Ph.D. American Philosophical Practitioners Association Certified for client counseling
Introductory session: $40 704.647.0999 (office) email: faithart@bellsouth.net 704.633.4567 (home)
Jack’s Furniture & Piano Restoration Complete Piano Restoration
We buy and sell pianos We offer Steinway, Baldwin, Mason & Hamlin, & more Showroom located at 2143 C&E Statesville Blvd.
704.637.3367 • 704.754.2287
P.O. Box 1621 Concord, North Carolina 28026 Ph: 704-239-2074 jlbarch@ctc.net
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nursing experience. Hess combines expertise and creativity to include visuals, arts and interactive activities to enhance the learning experience for participants. Hess is a certified trainer in the prevention and management of disruptive behavior and holds certificates of training in nonviolent crisis intervention and as a mental health first responder in disaster. Programs for community, civic, church and support groups are provided free of charge. Donations for these events are accepted to help cover the cost of supplies. For more information, visit www.hessmentalhealth.com or call 704- 267-1557.
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