Paris-Nice 2016 Tech: Dimension Data puts Rotor UNO on backup bikes, CeramicSpeed on anything…

first_imgThe latest cranks from Rotor are the 2INpower dual sided power meter crankset. It uses the spindle-mounted strain gauge of the original, single-sided INpower cranks with a second strain gauge inside the right crank arm: The Dimension Data pro cycling team had two sets of Cervelo S5 bikes on hand. The majority were equipped with Shimano Dura-Ace Di2 handling the shifting, but a few were sitting atop team cars with the new Rotor UNO hydraulic shifting group. Starting with the former, the spec mostly carries over from what we saw at the Tour de France last year when they were called MTN-Qhubeka. That means ENVE wheels, bar and stem, Continental tires and Rotor cranks.This time around, we took a closer look at the CeramicSpeed upgrades and photo’d the all-hydraulic backup bikes… After giving the crankset a back spin, we inquired about the setup because it moves effortlessly. Even brand new bikes sitting on the showroom floor don’t spin this freely. The reason? They’ve replaced every moving part except the pedal’s bearings with CeramicSpeed components. That includes the headset, hub bearings, bottom bracket and derailleur pulley wheels. They also use CeramicSpeed’s lube oil on the chain, which is outside the intended use parameters, but when your bikes are cleaned and maintained daily, you can get away with stuff like that.Interestingly, they’re not running the massively oversized CS pulley wheels introduced last fall. We didn’t get a chance to ask why, but it’s likely because a sponsor like Shimano wouldn’t take too kindly to such modifications (though it doesn’t seem to stop Cannondale)center_img This bike shows what a full hydraulic component group will look like (it’s still chain driven, of course).The lever body contains the master cylinder for the brakes, but none is required for the shifting system because it’s completely closed. Check our tech breakdown of the entire group for more the deep dive. These hoods look big, but Rotor’s said they could probably offer a smaller size option for those with smaller hands.We’ll be riding UNO in early April with the engineers at Rotor, stay tuned for a first ride report.If you’ve seen Acros’ hydraulic shifters and derailleurs, you’ll notice UNO uses just one single hose rather than two. That’s possible thanks to a clever ratcheting system that either catches and holds, or releases, depending on how far it’s pushed.These rather large connectors in the brake lines allow bleed-free disconnects between the levers and the Magura RT8 hydraulic rim brake calipers. These don’t look quite like the stock offerings from Magura.They have an external dial sticking out and up from the center mounting bolt, which looks like it could simply be a pad contact adjustment / release mechanism to speed wheel changes.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

Spurs, Chelsea and Fulham stars nominated for prizes at London Football Awards

first_img1 Harry Kane is one of three Tottenham stars in the running to be crowned Premier League Player of the Year at the London Football Awards.The England ace is the overwhelming favourite to pick up the prize, having scored a record 39 top-flight goals in 2017.He will face compeition from Christian Eriksen and Heung-Min Son, with Crystal Palace’s Wilfried Zaha and Chelsea’s Cesar Azpilicueta the other names on the five-strong shortlist.Fulham’s teenage sensation Ryan Sessegnon is in contention for both Young and EFL Player of the Year.Chelsea defender Andreas Christensen will battle Sessegnon for the Young Player of the Year prize having made a big impact at Stamford Bridge this season.Former England boss Roy Hodgson, meanwhile, is included on the shortist for Manager of the Year having masterminded an impressive turnaround at Crystal Palace following his appointment in September.Emma Hayes, who has enjoyed outstanding success as boss of Chelsea Ladies, is also in the running.Now in its fourth year, the London Football Awards, sponsored by Toscafund, raises funds for former Arsenal goalkeeper and TV presenter, Bob Wilson OBE and his wife, Megs’ charity, Willow – the only national charity working with seriously ill young adults aged 16 to 40 to fulfil uplifting and unforgettable Special Days. Read more about the Willow Foundation here.The nominees have been selected by an expert judging panel from the worlds of football and media, which includes talkSPORT’s Andy Jacobs and Paul Hawksbee.There are eight awards in total and the winners will be announced at London’s Battersea Evolution on March 1, 2018.Here’s the full list of nominees:Premier League Player of the YearCésar Azpilicueta – ChelseaChristian Eriksen – Tottenham HotspurHarry Kane – Tottenham HotspurHeung-Min Son – Tottenham HotspurWilfried Zaha – Crystal PalaceManager of the YearEmma Hayes – Chelsea LadiesRoy Hodgson – Crystal PalaceSlaviša Jokanovi? – FulhamNeil Harris – MillwallMauricio Pochettino – Tottenham HotspurEFL Player of the YearJosh Clarke – BrentfordGeorge Saville – MillwallRomaine Sawyers – BrentfordRyan Sessegnon – FulhamAlex Smithies – Queens Park RangersGoalkeeper of the YearAdrián – West Ham UnitedDaniel Bentley – BrentfordThibaut Courtois – ChelseaHeurelho Gomes – WatfordHugo Lloris – Tottenham HotspurWomen’s Player of the YearMillie Bright – Chelsea LadiesDanielle Carter – Arsenal WomenKatie Chapman – Chelsea LadiesFran Kirby – Chelsea LadiesJordan Nobbs – Arsenal WomenYoung Player of the Year (under-23)Andreas Christensen – ChelseaAinsley Maitland-Niles – ArsenalDavinson Sánchez – Tottenham HotspurRyan Sessegnon – FulhamHarry Winks – Tottenham HotspurCommunity Project of the YearAFC Wimbledon Foundation – AFC Wimbledon Women and GirlsBrentford Community Sports Trust – The Fearless Foundation’s Journalism ProjectQPR in the Community Trust – #Game4GrenfellThe Outstanding Contribution to London Football awardIan Wright – The former Arsenal, Crystal Palace, West Ham and England strikerlast_img read more