Willamette Community Bank announced the resignation of President and Chief Executive Officer Dave Wood, and the appointment of acting president, Joan Reukauf, to head up the bank's operation. Reukauf has experience in management, marketing and operations. In addition, the company announced the appointment of Larry Johnson as chief credit officer.

Willamette Community Bank reported earnings results for the first nine months ended September 30, 2012. The company reported record net income of $350,000 or $0.49 per basic share compared to net income of $300,000 and $0.45 per basic share a year ago. The results for nine months of 2012 reflect strong core transaction deposit growth, increase in both commercial and consumer loan portfolios and surge in fee revenue, primarily mortgage banking and interchange income. Year-over-year results reflect strong top line revenue growth of 10.15% with overhead expenses growing 2.30% with no reported loan losses. ROE is showing signs of improvement 0.56% as compared to 5.95% in the same period last year.

Willamette Community Bank reported earnings results for the first six months ended June 30, 2012. The company reported record net income of $207,000 for the six months ended June 30, 2012 or $0.31 per basic share compared to net income of $139,000 and $0.21 per basic share for six months ended June 30, 2011. This reflects an earnings increase of 49% and 48% earnings per share improvement. Year-over-year results reflect strong top line revenue growth of 10.15% with overhead expenses growing 2.30% with no reported loan losses. Tangible ROE is showing signs of improvement 5.49% as compared to 3.94% in the same period last year. Also, over the same period, ROA improved to 0.50% from 0.34% with a book value per share of $10.29.