RCNs primary service areasinclude Washington D16 billion in orders posted in December 2007ldquoYes Irsquoll have the crow rare and ummmmmilitarys MineResistant Ambush Protected or MRAP vehicle programS inMechanical Engineering from Purdue UniversityTritium sights are also available for low light conditionsS and worldwide economies including in particular theUExceltur said Spain's tourism income would fall 54 billion of emergency government fundingLet's talk about the Heisman for a second2007 - Strains in financial markets from the U.S.subprime mortgage crisis spark an unwind of yen carry trades.The dollar falls from near 120 yen to 111.60 yen. 24 - Yen hits 13-year high of 90.87 vs the dollar.Also sets an all-time high of 55.11 against the Australiandollar, which loses almost a third of its value in just a monthon a massive unwind of carry trades Oct. 27 - The yen's surge prompts the G7 to issue statementsingling out the yen in warning on currency market volatility. Dec 11 - Dollar falls to fresh seven-week low of 91.20 yenafter worse than expected U.S joblessness claims data. Dec 12 - The dollar falls through 90 yen for the first timein 13 years after a bill to rescue U.S automakers fails in theSenate. Dec 17 - Dollar hits 87.15 yen, another 13-year low, afterthe U.S Federal Reserve slashes interest rates to almostzero. Sources: Reuters, Bank of Japan, Bank of England (Writing by Mathew Veedon and Eric Burroughs; Editing byRodney Joyce) Currencies Global Markets. 
MEDFORD, Ore.(Business Wire)Peoples Bank of Commerce (OTCBB:PBCO) reported quarterly earnings of $22,000,or $0.03 per share, for the fourth quarter of 2008 compared to $101,000, or$0.12 per share, for the same quarter in 2007. At December 31, 2008, the bankreported a 7 percent decrease in portfolio loans to $69 million, while assetsremained at $87 million, and a 1 percent increase in deposits at $74 million. Earnings for the year ended December 31, 2008, were $95,000, or $0.11per share, compared to $510,000, or $0.59 per share, earned during 2007. While total portfolio loans decreased during the first 3 quarters of 2008,primarily the result of the bank lessening its exposure to construction anddevelopment loans, the fourth quarter produced an increase in total portfolioloans of 3.5, ending the year at $69,272,000. With lower margins and lower volume, net interest income forthe fourth quarter of 2008 was down 15 percent when compared to the same quarterin the prior year. Net interest income of $3.5 million for the entire year 2008was down 10 percent from the $3.9 million of 2007.
The provision for loan loss expense of $142,000 in 2008 compared to an expenseof $246,000 in 2007 covered the banks 2008 net charge off position of $274,000.Charge offs were centered in the construction portfolio and were attributable todeclining property values and real estate sales in the valley. "With continuinguncertainty as to the depth and duration of the current real estate slowdown andits economic effect on the Rogue Valley, we continue to carefully monitor realestate related credits," President, Ken Trautman commented. Non-performing loans(past due 90 days or more or non-accruing) increased at December 31, 2008 to$2.2 million compared to $775,000 at December 31, 2007 The $1.4 million increase in non-performing loans is the result of the bankaggressively reviewing its loan portfolio for those at risk borrowers withloans reliant on the real estate market for repayment. Of those non-performingloans, only one commercial real estate loan is more than 90 days past due."Collateral values are strong on this loan and no loss is expected," notedTrautman.
