Shay named to South Sound Top 40 Under 40

Satsop Business Park Manager of Business Development Alissa Shay was recently named to the South Sound Business Magazine’s 2018 class of 40 Under 40. The magazine received more than 100 nominations for the coveted honor, ultimately narrowing it down to this year’s top 40, representing a diverse range of professions throughout the region.

“It is an honor to be working to create more job opportunities for people in our region while helping existing Port customers be successful in Grays Harbor. I am proud of the work we do to help make Grays Harbor a prosperous and vibrant community,” shared Alissa Shay.

Shay joined the Port of Grays Harbor in 2013 after spending more than five years at the City of Hoquiam as the city planner. She is responsible for business development and operations at the Satsop Business Park and Friends Landing. She holds a master’s degree in public administration from Evergreen State College and a bachelor’s in planning and environmental oolicy from Western Washington University.

2018 Grays Harbor Business Climate Survey report complete

Greater Grays Harbor Inc. has announced that the final report from the 2018 Grays Harbor Business Climate Survey is complete and is now available for download at www.graysharbor.org.

Earlier this year, GGHI conducted a survey of regional businesses to solicit their input on the business climate and government support for new and existing businesses in Grays Harbor County. The Washington State University Social and Economic Sciences Research Center (Olympia office), in partnership with GGHI, generated the survey design, conducted data analysis and produced the report.

The survey, which included participation by 122 businesses, collected both quantitative data and qualitative responses. This data was subsequently presented to three focus groups of regional businesses and support organizations, and the results of the meetings were integrated into the final report.

The report presents findings regarding the ease of starting a business in Grays Harbor and current satisfaction levels with local government services. Also contained in the report are specific suggestions for things that GGHI and local governments can do to better support the business community in Grays Harbor.

The final report can be downloaded at www.graysharbor.org.

Summit Pacific receives award from the Washington State Hospital Association

Summit Pacific Medical Center has received a 2018 Community Health Leadership Silver Award for its Care Coordination with an Integrated Model initiative. The Washington State Hospital Association honored seven hospitals with awards recognizing their efforts to demonstrate community health leadership during the association’s Annual Member Meeting Oct. 11.

The Community Health Leadership Award is among the association’s highest honors awarded to healthcare organizations in Washington state.

Summit Pacific’s award focused on the robust care coordination program that has flourished during the last five years, serving patients as part of SPMC’s care transformation efforts. The care coordination program consists of health coaching, chronic disease management, transitional care management and advance care planning.

Summit Pacific awarded Rural Opioid response grant

Summit Pacific Medical Center has received a $200,000 grant through the through the Health Resources and Services Administration’s Rural Communities Opioid Response Program-Planning Grant.

The funds will allow Summit Pacific to develop plans to implement evidence-based opioid use disorder prevention, treatment and recovery interventions. This funding is a key part the $396 million awarded by the Department of Health and Human Services to support the HHS Five-Point Opioid Strategy, which includes: (1) prevention, treatment, and recovery services, (2) data on the epidemic, (3) pain management, (4) targeting of overdose-reversing drugs, (5) research on pain and addiction.

Overdose death rates from Grays Harbor from 2012-16 show a progressive increase over Washington rates. According to the 2017 Washington State Syringe Exchange Health Survey data, 62 percent of local respondents indicated that they had witnessed an overdose in the previous 12-month period. ­­

Fern Hill Funeral Home named Business of the Month

The Greater Grays Harbor Inc. ambassador team recently announced that Fern Hill Funeral Home has been awarded with October 2018 Business of the Month.

A funeral home is an important aspect of any community. Fern Hill Funeral Home in Grays Harbor provides a wide variety of necessary services such as burial services, cremation services, memorial services and celebrations of life. In addition to these services, Fern Hill also provides resources for those grieving the loss of a loved one.

Anchor Bancorp reports net income of $1.3 million for first fiscal quarter

Anchor Bancorp, the holding company for Anchor Bank, reported first-quarter earnings Monday for its fiscal year ending June 30. For the quarter ended September 30, the company reported net income of $1.3 million or $0.52 per diluted share, compared to net income of $1.0 million or $0.43 per diluted share for the quarter ended September 30, 2017.

“I am pleased with our results and the continued decline in our efficiency ratio to 67.7 percent for the first quarter,” stated Jerald L. Shaw, president and chief executive officer. “Our deposits increased $6.6 million from June 30, 2018, reflecting the continued success of our deposit gathering initiatives. Our efforts resulted in the return on average assets increasing nine basis points to 1.09 percent as compared to last quarter.”

Quarter hghlights

• Return on average assets for the quarter ended September 30, 2018 increased to 1.09 percent compared to 0.93 percent for the quarter ended September 30,2017;

• Net interest income before provision for loan losses increased $377,000, or 8.7 percent, to $4.7 million for the quarter ended September 30, 2018, compared to $4.3 million for the quarter ended September 30, 2017;

• The efficiency ratio improved to 67.7 percent for the quarter ended September 30, 2018, from 71.2 percent for the quarter ended September 30, 2017;

• Net interest margin was 4.29 percent for the quarter ended September 30, 2018, compared to 4.14 percent for the quarter ended September 30, 2017;

• Total delinquent loans (past due 30 days or more), decreased $500,000, or 25.0 percent, to $1.5 million at September 30, 2018, from $2.0 million at June 30, 2018; and

Return on average equity for the quarter ended September 30, 2018 was 8.18 percent compared to 6.85 percent for the quarter ended September 30, 2017.