Southern Oregon Banks Show Solid Q3 Profits

EUGENE, OR-Pacific Continental Corp., the bank holding company for Pacific Continental Bank, is reporting a third quarter net income of $1.41 million or 31 cents a share. In the third quarter of last year, the company reported net income of $1.34 million, or 28 cents a share.

The company operates its ten banking offices in Lane, Linn and Washington counties. Return on assets in the third quarter was 1.89%, and return on equity was 19.75%.

Through the first nine months of 2000, net income was $3.51 million or 77 cents a share. The first nine months of 2001 produced net income of $3.92 million, or 81 cents a share. Total assets at Sept. 30 were $296 million, an 11% increase from Sept. 1999.