What we know about the bank VP who died after Southwest Airlines engine failure

first_imgObtained by ABC News(PHILADELPHIA) — Jennifer Riordan, a bank executive, community leader and mother of two, died Tuesday when her Southwest Airlines flight blew an engine in midair and its debris smashed a cabin window.Riordan of Albuquerque, New Mexico, was among 144 passengers and five crew members on board when the Boeing 737 suffered an engine failure some 20 minutes after takeoff from New York’s LaGuardia International Airport, while en route to Dallas Love Field Airport, according to authorities.Two passengers managed to pull Riordan back inside when she was partially sucked out of the shattered window, according to witnesses. She was given CPR while the pilot was forced to make an emergency landing at Philadelphia International Airport.Riordan was transported to a nearby hospital where she later died, though officials did not immediately confirm a cause of death. She leaves behind a husband, Michael Riordan, as well as two children.“Jennifer Riordan has passed away as a result of previously reported events on Southwest Airlines flight No. 1380,” her family said in a statement. “Jennifer’s vibrancy, passion and love infused our community and reached across our country. Her impact on everything and everyone she touched can never be fully measured. But foremost, she is the bedrock of our family. She and Mike wrote a love story unlike any other. Her beauty and love is evident through her children.”In addition to being a wife and mother, Riordan was vice president of community relations at Wells Fargo in Albuquerque, where she was “loved and respected,” according to a company statement.“The Wells Fargo family is saddened to learn of the death of our friend and colleague Jennifer Riordan – a community relations leader in Albuquerque, New Mexico. She was a well-known leader who was loved and respected,” according to the statement.After graduating from the University of New Mexico, Riordan worked in media relations and marketing at the school’s Health Sciences Center, according to colleagues.“Jennifer was an amazing community leader, team member, wife and mother,” Paul Roth, chancellor for University of New Mexico’s Health Sciences Center, said in a statement posted to Facebook. “Her passion for our community, our students and our future was unwavering. We are committed to carrying on her work to ensure quality education and career opportunities to New Mexico’s youth.”Riordan became a key member of the Albuquerque community through her “leadership and philanthropic efforts,” Mayor Tim Keller.“Albuquerque lost a thoughtful leader who has long been part of the fabric of our community,” Keller said in a statement posted on social media. “This is a tremendous and tragic loss for Jennifer’s family and many others throughout our city. Her leadership and philanthropic efforts made this a better place every day and she will be terribly missed.”The National Transportation Safety Board and the Federal Aviation Administration are investigating Tuesday’s incident. Boeing said it is providing technical help to the investigation, with which Southwest Airlines is cooperating.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Parent of Lake Sunapee Bank reports Q1 2014 net income

first_img ————- ————-NET INCOME $ 2,143 $ 2,052 ============= =============NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 2,085 $ 1,911 New Hampshire Thrift Bancshares, Inc. Consolidated Statements of Income (unaudited) For the Three Months Ended March 31, 2014 2013 ————- ————- (Dollars in thousands except for per share data) Net Income $ 2,143 $ 2,052 Per Share Data: Basic Earnings 0.25 0.27 Diluted Earnings (1) 0.25 0.27 Dividends Paid 0.13 0.13 Dividend Payout Ratio 52.00% 48.15% For the Three Months Ended March 31, (Dollars in thousands except for per share data) 2014 2013 ————- ————-INTEREST AND DIVIDEND INCOME Interest and fees on loans $ 11,350 $ 9,181 Interest and dividends on debt investments Taxable 325 524 Dividends 35 13 Other 170 139 ————- ————- Total interest and dividend income 11,880 9,857 ————- ————- Leverage (Tier I) Capital 8.42% 8.29% Number of Offices: Banking Offices 38 38 Insurance Offices 3 3 Trust Offices 6 6 (1) Diluted earnings per share are calculated using the weighted-average number of shares outstanding for the period, including common stock equivalents, as appropriate. (2) Includes available-for-sale securities shown at fair value and Federal Home Loan Bank stock at cost. Net interest and dividend income after provision for loan losses 10,253 7,734 ————- ————- NONINTEREST INCOME Customer service fees 1,438 1,186 Net gain on sales and calls of securities 8 167 Net gain on sales of loans 52 933 Net gain on sales of premises and equipment 2 – Net loss on sales of other real estate owned (2) – Rental income 175 183 Realized gain in Charter Holding Corp. – 98 Bank owned life insurance income 149 128 Insurance commission income 484 485 Trust and investment management fees 2,076 – ————- ————- Total noninterest income 4,382 3,180 ————- ————- LIABILITIES AND STOCKHOLDERS’ EQUITY LIABILITIES Deposits: Noninterest-bearing $ 94,394 $ 101,446 Interest-bearing 973,824 986,646 ————- ————- Total deposits 1,068,218 1,088,092 Federal Home Loan Bank advances 155,986 121,734 Securities sold under agreements to repurchase 22,667 27,885 Subordinated debentures 20,620 20,620 Accrued expenses and other liabilities 17,201 16,282 ————- ————- Total liabilities 1,284,692 1,274,613 ————- ————- STOCKHOLDERS’ EQUITY Preferred stock, $.01 par value per share: 2,500,000 shares authorized: Series B, fixed rate noncumulative perpetual, fixed rate cumulative perpetual, 23,000 shares issued and outstanding at March 31, 2014, and December 31, 2013 – – Common stock, $.01 par value per share: 10,000,000 shares authorized, 8,653,771 shares issued and 8,219,442 shares outstanding as of March 31, 2014 and 8,651,076 shares issued and 8,216,747 shares outstanding as of December 31, 2013 87 87 Paid-in capital 100,998 100,961 Retained earnings 59,363 58,347 Accumulated other comprehensive loss (2,443) (2,897) Unearned stock awards (478) (490) Treasury stock, at cost, 434,329 shares as of March 31, 2014 and December 31, 2013 (6,751) (6,751) ————- ————- Total stockholders’ equity 150,776 149,257 ————- ————- Total liabilities and stockholders’ equity $ 1,435,468 $ 1,423,870 ============= ============= New Hampshire Thrift Bancshares, Inc. Selected Financial Highlights INTEREST EXPENSE Interest on deposits 1,102 1,025 Interest on advances and other borrowed money 525 684 ————- ————- Total interest expense 1,627 1,709 ————- ————- As of (Dollars in thousands except for per share March 31, December 31, data) 2014 2013 ————- ————- Total Assets $ 1,435,469 $ 1,422,207 Total Securities (2) 123,935 134,998 Loans, Net 1,155,053 1,134,110 Total Deposits 1,068,218 1,088,092 Federal Home Loan Bank Advances 155,986 121,734 Stockholders’ Equity 150,778 149,257 Book Value per Common Share $ 15.55 $ 15.37 Common Shares Outstanding 8,219,442 8,216,747 Earnings Per Common Share, basic $ 0.25 $ 0.27Earnings Per Common Share, assuming dilution (1) $ 0.25 $ 0.27Dividends Declared per common share $ 0.13 $ 0.13 New Hampshire Thrift Bancshares, Inc. Consolidated Balance Sheets INCOME BEFORE PROVISION FOR INCOME TAXES 3,042 2,883 For the Three Months Ended March 31, (Dollars in thousands except for per share data) 2014 2013 ————- ————-NONINTEREST EXPENSES Salaries and employee benefits 6,002 4,295Occupancy and equipment expenses 1,578 1,076Advertising and promotion 155 99Depositors’ insurance 271 177Professional services 272 336Data processing and outside services 703 319Telephone 295 163ATM processing fees 221 151Supplies 164 129Amortization of intangible assets 435 192Other expenses 1,497 1,094 ————- ————-Total noninterest expenses 11,593 8,031 ————- ————- March 31, December 31, (Dollars in thousands) 2014 2013 ————- ————- ASSETS (unaudited) Cash and due from banks $ 20,697 $ 12,005 Overnight deposits 15,179 21,573 ————- ————- Total cash and cash equivalents 35,876 33,578 Interest-bearing time deposits with other banks 1,245 1,743 Securities available-for-sale 114,117 125,238 Federal Home Loan Bank stock 9,818 9,760 Loans held-for-sale 406 680 Loans receivable, net of the allowance for loan losses of $9.8 million as of March 31, 2014, and $9.8 million as of December 31, 2013 1,155,053 1,134,110 Accrued interest receivable 3,292 2,628 Bank premises and equipment, net 24,576 23,842 Investments in real estate 3,644 3,681 Other real estate owned 1,208 1,343 Goodwill 44,702 44,632 Intangible assets 10,585 11,020 Bank-owned life insurance 19,702 19,544 Other assets 11,244 12,071 ————- ————- Total assets $ 1,435,468 $ 1,423,870 ============= ============= NEWPORT, NH–(Marketwired – April 14, 2014) – New Hampshire Thrift Bancshares, Inc (1) Diluted earnings per share are calculated using the weighted-average number of shares outstanding for the period, including common stock equivalents, as appropriate. PROVISION FOR INCOME TAXES 899 831 New Hampshire Thrift Bancshares, Inc (NASDAQ: NHTB(link is external)), the holding company for Lake Sunapee Bank, fsb, has reported consolidated net income for the three months ended March 31, 2014, of $2.1 million, or $0.25 per common share, assuming dilution, compared to $2.1 million, or $0.27 per common share, assuming dilution, for same period in 2013, an increase of $92 thousand, or 4.49%. The weighted average numbers of common shares, assuming dilution, were 8,231,992 and 7,060,234 for the three periods ended March 31, 2014, and 2013, respectively.”We are pleased by the positive impact of our 2013 acquisitions on earnings during the first quarter of 2014,” President and Chief Executive Officer, Steve Theroux, stated. “Amidst a challenging residential market with refinancing demand waning, we experienced an increase in commercial lending which resulted in higher loan production volume during the first quarter compared to the same period last year. We continually strive to enhance our franchise value by taking advantage of our product platforms which offer a full array of financial products and services to benefit customers at any stage of their financial lives.”2013 Financial Highlights Total assets increased $11.6 million, or 0.82%, to $1.4 billion at March 31, 2014, from $1.4 billion at December 31, 2013.Net loans increased $20.9 million, or 1.85%, to $1.2 billion at March 31, 2014, from $1.1 billion at December 31, 2013.In the three months ended March 31, 2014, the Company originated $79.9 million in loans, compared to $77.7 million during to the same period in 2013.The Company’s loan servicing portfolio was $413.2 million at March 31, 2014, compared to $417.3 million at December 31, 2013.Total deposits decreased $19.9 million, or 1.83%, to $1.1 billion at March 31, 2014, from $1.1 billion at December 31, 2013.Net interest and dividend income for the three months ended March 31, 2014, was $10.3 million compared to $8.2 million for the same period in 2013.Net income available to common stockholders was $2.1 million for the three months ended March 31, 2014, compared to $2.0 million for the same period in 2013As a percentage of total loans, non-performing loans decreased to 1.73% at March 31, 2014, from 1.86% at December 31, 2013.Earnings SummaryNet income of $2.1 million for the three months ended March 31, 2014, includes an increase of $2.1 million, or 25.85%, in net interest and dividend income. The provision for loan losses decreased $414 thousand with no provisions required based on adequacy calculations for the three months ended March 31, 2014, compared to $414 thousand for the same period in 2013. Noninterest income increased $1.2 million, or 37.80%, to $4.4 million for the three months ended March 31, 2014, compared to $3.2 million for the same period in 2013. This increase includes the addition of $2.1 million from trust and investment management fees earned by Charter Trust Company during the three months ended March 31, 2014 and an increase of $252 thousand, or 21.25%, in customer service fees, partially offset by decreases of $159 thousand in net gains on sales and calls of securities, $881 thousand on net gains on sales of loans, and $98 thousand from our former equity position in Charter Holding Corp.Noninterest expense increased $3.6 million, or 44.35%, to $11.6 million for the three months ended March 31, 2014, compared to $8.0 million for the same period in 2013. Within noninterest expense, salaries and employee benefits increased $1.7 million, or 39.73%, to $6.0 million for the three months ended March 31, 2014, compared to $4.3 million for the same period in 2013. This increase includes expenses related to additional staff and operations for Charter Trust Company, acquired in September 2013, and The Randolph National Bank and its eight branches, acquired in October 2013, which represent over 85% of the increase in salaries and employees benefits. Occupancy expense increased $502 thousand, or 46.65%, to $1.6 million for the three month period ended March 31, 2014, compared to the same period in 2013. The occupancy expenses from Charter Holding Corp. and former The Randolph National Bank branches represent $205 thousand and $281 thousand, respectively, representing nea rly 97% of the increase in occupancy expenses. Depositors’ insurance increased $94 thousand, or 53.11%, due to the growth in deposits comparing March 31, 2014 to March 31, 2013. The increase of $384 thousand in outside services for the three months ended March 31, 2014, compared to the same period in 2013 includes $246 thousand related to Charter Trust Company operations and an increase of $65 thousand related to our core processing provider. Amortization of intangible assets increased $243 thousand, or 126.56%, to $435 thousand for the three months ended March 31, 2014, compared to the same period in 2013 due to the additional core deposit intangible from the acquisition of The Randolph National Bank and the customer list intangible from the acquisition of Charter Holding Corp. Other expenses increased $403 thousand to $1.5 million for the three months ended March 31, 2014, including $221 thousand from Charter Trust Company operations and an increase of $80 thousand in tax- qualified contributions.Balance Sheet Summary Total assets were $1.4 billion at March 31, 2014, compared to $1.4 billion at December 31, 2013, an increase of $11.6 million, or 0.82%. Securities available-for-sale decreased $11.1 million to $114.1 million at March 31, 2014, from $125.2 million at December 31, 2013. Net loans held in portfolio increased $20.9 million, or 1.85%, to $1.2 billion million at March 31, 2014, from $1.1 billion at December 31, 2013. The allowance for loan losses was $9.8 million at March 31, 2014, compared to $9.8 million at December 31, 2013. The change of $20 thousand in the allowance for loan losses is the net effect of charge-offs of $223 thousand and recoveries of $243 thousand in addition to a net decrease of $3 thousand to the reserve for the overdraft protection program. Additionally, the Bank had a credit mark of $6.5 million at March 31, 2014 related to acquired loan balances of $184.1 million. Total loan production for the three months ended March 31, 2014 was 79.9 million in loans, co mpared to $77.7 million for the same period in 2013.Goodwill increased $70 thousand, or 0.16%, to $44.7 million at March 31, 2014, from $44.6 million at December 31, 2013. Intangible assets decreased $435 thousand, or 3.95%, to $10.6 million at March 31, 2014, compared to $11.0 million at December 31, 2013. This reflects amortizations of intangible assets of $435 thousand for the three months ended March 31, 2014.Total deposits decreased $19.9 million, or 1.83%, to $1.1 billion at March 31, 2014, from $1.1 billion at December 31, 2013. Advances from the Federal Home Loan Bank increased $34.3 million, or 28.14%, to $156.0 million at March 31, 2014, from $121.7 million at December 31, 2013. Securities sold under agreements to repurchase decreased $5.2 million, or 18.71%, to $22.7 million at March 31, 2014 from $27.9 million at December 31, 2013.Stockholders’ equity of $150.8 million resulted in a book value of $15.55 per common share at March 31, 2014, based on 8,219,442 shares of common stock outstanding. The Bank remains well capitalized with a Leverage Capital ratio of 8.42% at March 31, 2014.Quarterly DividendOn April 10, 2014, the Company declared a regular quarterly cash dividend of $0.13 per share payable April 30, 2014 to stockholders of record as of April 23, 2014.About New Hampshire Thrift Bancshares, Inc.New Hampshire Thrift Bancshares, Inc. is the holding company of Lake Sunapee Bank, fsb, a federally chartered savings bank that provides a wide range of life-cycle banking and financial services. Lake Sunapee Bank has four wholly owned subsidiaries: Lake Sunapee Financial Services Corp., Lake Sunapee Group, Inc., which owns and maintains all buildings and investment properties, McCrillis & Eldredge Insurance, Inc., a full-line independent insurance agency, and Charter Holding Corp., which wholly owns Charter Trust Company, a trust services and wealth management company. New Hampshire Thrift Bancshares, Inc., through its direct and indirect subsidiaries, operates 29 offices in New Hampshire in Grafton, Hillsborough, Merrimack and Sullivan counties and 18 offices in Vermont in Orange, Rutland and Windsor counties.Forward-Looking StatementsThe Company wishes to caution readers not to place undue reliance on any such forward-looking statements contained in this press release, which speak only as of the date made. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2013, and in subsequent filings with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent our views as of the date of this release. The Company and Lake Sunapee Bank do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. PROVISION FOR LOAN LOSSES – 414 ————- ————- Net interest and dividend income 10,253 8,148last_img read more

Norwich City star on telephoning fans and helping 94 year old…

first_imgby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksTrending TodayForge of Empires – Free Online GameIf You Like to Play, this Game is a Must-HaveForge of Empires – Free Online GameUndo聽多多 Hearmore.asia1969年前出生的香港居民現可免費試戴頂尖的歐洲助聽器聽多多 Hearmore.asiaUndoDaily Gadgets ReviewsThis Cheap TV Caster Might be the Best Selling Gift in Hong KongDaily Gadgets ReviewsUndoCar Novels[Photos] Waffle House Waitress Didn’t Know She Was Recorded While She Served This CostumerCar NovelsUndoCool Tech10 the most expensive gadgetsCool TechUndoHero WarsGetting this Treasure is impossible! Prove us wrong!Hero WarsUndoWomen's Method16 Celebrities Having a Net Worth That Would Leave Your Mouth Wide Open!Women’s MethodUndoKeto减肥1個簡單的妙招一夜「融化」腹部脂肪(今晚試試)Keto减肥Undo熱門話題在萬寧引起很大反響「好可愛、好好吃、肌膚變超好!」熱門話題Undo Dutch newspaper De Telegraaf today features an interview with Norwich City’s Tim Krul. Much of the chat was about the goalkeeper’s personal situation, and how Euro 2020 being delayed could impact his prospects of featuring for the Netherlands in the near future.Krul made sure to show his gratitude to health workers, who are on the frontline during the current crisis, and in a separate part, the footballer explained how Norwich have been doing their part in the community to make sure those in need know there is help available should they need it.Like several Premier League clubs, Norwich have been getting their players to telephone supporters to bring some cheer, and to find out if further assistance is needed.Krul explained: “That is why all the players of the club received a list with the telephone numbers of dozens of elderly people. We call them every week and if there is a mental or physical problem, we report it to Norwich City. However, it usually concerns a nice conversation about football and that is very much appreciated.”The goalkeeper, like people up and down the country, has also been doing his bit to help those around him, which has involved picking up groceries for an elderly neighbour: “My neighbour is 94 and I recently helped her with the shopping. Little effort, great pleasure.”With no return to football likely in the coming weeks, Krul will have time to help that neighbour a little more, and the big Dutchman is acutely aware of what the important things are right now.last_img read more