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Los Angeles Times
21-05-2025
- Entertainment
- Los Angeles Times
Fullerton Airport welcomes public for Airport Day
Brendan J. O'Reilly grew up in Whittier and first visited Fullerton Airport when he was 6 years old, with his dad. Soon after, they returned for Airport Day and O'Reilly's passion for airplanes grew. Today, he oversees Airport Day in his capacity as manager of Fullerton Airport, operated under the city's Public Works Department. 'I credit this airport with starting my passion for aviation, so [I] definitely want to share that with others and especially with the kids,' O'Reilly said. 'There's so many things to get kids into trouble these days. They got to have something to look forward to and to learn about or to aspire to.' Fullerton's Airport Day is a free, open house designed to let local families and individuals see the workings of the municipal airport and possibly inspire future careers in aviation, along with educating about other city departments. This year's event takes place Saturday, May 31, from 10 a.m. to 3 p.m., and is slated to offer exhibits, displays, plus food available for purchase. Airplane and and helicopter rides will also be available for a fee. 'It's an opportunity to showcase all the other departments in the city that do vital stuff, like Public Works fixing streets and sewers, and they take care of all the water systems, landscaping,' O'Reilly said. 'They bring out trucks, like those big vector trucks that clean out rain gutters. And the kids … absolutely love that stuff.' He said the Fullerton Police Department also attends with SWAT demonstrations and often with their K9 unit too. The Fullerton Fire Department brings out a large fire truck and opens it up for children to tour. 'It's just a very good little family event,' he said. 'We love to see kids out here, so we market to all the local schools. … Last year, we had tons of families with kids, running around and very excited — so it's a lot of fun.' O'Reilly said Fullerton College's Drone Lab will also attend Airport Day with drones on display as well as demos with their robotic dogs. The International Plastic Modelers' Society will have model airplanes on hand to teach children how to put them together. 'I built a lot of models as a kid because I was fascinated with airplanes and helicopters,' O'Reilly said. 'That's always a really cool thing, too.' The airport, which was officially founded in 1928 — but dates back to as early as 1913 when crop dusters used the site as a landing strip — houses various organizations, flight schools, public safety agencies and private aircraft owners that fly out of there. Orange County Fire Authority, California Highway Patrol, Anaheim Police Department and Mercy Air ambulance all fly out of Fullerton Airport. 'We have two chapters of Civil Air Patrol here on the field, so the cadets meet every Tuesday night here at 6 p.m.,' O'Reilly said. 'Mostly Airport Day is just a chance for the public to come in and see all the stuff that goes on here really because just the layout of this airport, you don't really get to see much from outside the fence.' Cameron LaFont, chairman of the Fullerton 99s, part of the larger Ninety-Nines nonprofit, said their local chapter was founded in 1974 at the Fullerton Airport. 'The Ninety-Nines were founded in 1929 when a group of women pilots desired to convene in order to support each other and the advancement of aviation, and to create a central office to keep files on women in aviation,' she said. 'They struggled to establish themselves and grow but in 1931, Amelia Earhart was elected the first president and the group selected the name Ninety-Nines to represent the 99 charter members. It has been a growing organization ever since.' LaFont said this year at Airport Day, the Fullerton 99s will be offering short intro plane flights in General Aviation Aircraft for a donation of $50 per person. The funds raised go to support their scholarship fund. They offer two aviation training scholarships totaling $3,974 that they award each year. 'We will have four to six aircraft that will make many flights that day, introducing young and old to the amazing thrill of flight in a small aircraft,' LaFont said. 'All pilots start off in small aircraft and it's our hope that we will ignite the passion for aviation in a young person or two that day. We will also be at our booth educating the visitors about our organization.' The Aviation Explorer Program is also housed at Fullerton Airport and will be represented at the event. Tim Lloyd, advisor for Aviation Explorer Post 445, said the program offers hands-on activities and networking with aviation professionals in various careers. The program is for those ages 14 1/2 through 21 who are interested in a career in aviation or who enjoy airplanes. Aviation Explorer Post 445 has been part of the Fullerton Airport for more than 15 years. 'Participants experience firsthand what it's like to be a pilot, aircraft mechanic, flight engineer or air traffic controller,' Lloyd said. 'They learn about the educational requirements for a career in aviation and receive tangible advice on steps they can take to prepare and position themselves for a successful career in the field of aviation.' Aviation Explorer Post 445 members will be answering questions about aircraft on display during Airport Day. 'This event is important because it showcases a wide variety of aviation career opportunities, as well as having aviation as a hobby,' he said. 'We'll have private pilots giving rides as well as police and fire aircraft and pilots. The Aviation Explorers are experienced young people who know their way around an airplane and can ensure people enjoy the airplanes and at the same time protect the airplanes from damage.'
Yahoo
16-04-2025
- Business
- Yahoo
Harleysville Financial Corporation Announces Regular Cash Dividend and Second Quarter Earnings for Fiscal Year 2025
HARLEYSVILLE, Pa., April 16, 2025--(BUSINESS WIRE)--Harleysville Financial Corporation (OTCQX:HARL) reported today that the Company's board of directors declared a regular quarterly cash dividend of $.33 per share on the Company's common stock. The cash dividend will be payable on May 14, 2025 to stockholders of record on April 30, 2025. Net income for the second quarter was $2,130,000 or $.59 per diluted share compared to $2,112,000 or $.58 per diluted share for the same quarter last year. Net income for the six months ended March 31, 2025 amounted to $4,136,000 or $1.14 per diluted share compared to $4,622,000 or $1.27 per diluted share for the same six-month period a year ago. Brendan J. McGill, President, and Chief Executive Officer of the Company, stated, "Despite the volatility and uncertainty in the markets, the Company has achieved solid second quarter results. Our core banking business has continued to expand in fiscal 2025, net interest margin improved, loans and deposits have outperformed our projections, and our credit quality remains strong. We will continue to maintain our prudent underwriting standards, investing in high credit quality assets, controlling our operating expenses, and practicing sound capital management. This together with our strong balance sheet will create a strong foundation for future results." The Company's assets totaled $871.4 million compared to $847.4 million a year ago. Stockholders' tangible book value increased 4.5% to $24.40 per share from $23.34 a year ago. Harleysville Financial Corporation is traded on the OTCQX market under the symbol HARL ( ) and is the holding company for Harleysville Bank. Established in 1915, Harleysville Bank is a Pennsylvania chartered and federally insured bank, headquartered in Harleysville, PA. The Bank operates from six full-service offices located in Montgomery County and one office located in Bucks County, Pennsylvania. This presentation may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products, and services. Harleysville Financial Corporation Selected Consolidated Financial Data as of March 31, 2025 (Dollars in thousands except per share data) Year-To-Date (Unaudited) Six Months Ended: Three Months Ended: Selected Consolidated Earnings Data Mar 31,2025 Mar 31,2024 Mar 31,2025 Dec 31,2024 Sep 30,2024 June 30,2024 Mar 31,2024 Total interest income $ 19,557 $ 18,444 $ 9,745 $ 9,812 $ 9,797 $ 9,555 $ 9,268 Total interest expense 6,887 5,536 3,274 3,613 3,681 3,261 2,984 Net Interest Income 12,670 12,908 6,471 6,199 6,116 6,294 6,284 Provision for loan losses 120 12 (28 ) 148 46 13 4 Net Interest Income after Provision for Loan Losses 12,550 12,896 6,499 6,051 6,070 6,281 6,280 Bank owned life insurance 208 202 103 105 102 99 100 Other income 1,126 1,066 572 554 572 550 486 Total other expenses 8,478 8,081 4,434 4,044 4,161 4,228 4,110 Income before income taxes 5,406 6,083 2,740 2,666 2,583 2,702 2,756 Income tax expense 1,270 1,461 610 660 532 516 644 Net Income $ 4,136 $ 4,622 $ 2,130 $ 2,006 $ 2,051 $ 2,186 $ 2,112 Per Common Share Data Basic earnings $ 1.14 $ 1.27 $ 0.59 $ 0.55 $ 0.56 $ 0.60 $ 0.58 Diluted earnings $ 1.14 $ 1.27 $ 0.59 $ 0.55 $ 0.56 $ 0.60 $ 0.58 Dividends $ 0.64 $ 0.61 $ 0.33 $ 0.31 $ 0.31 $ 0.31 $ 0.31 Special Dividend $ - $ 1.20 $ - $ - $ - $ - $ - Tangible book value $ 24.40 $ 23.34 $ 24.40 $ 24.13 $ 23.83 $ 23.65 $ 23.34 Shares outstanding 3,605,824 3,635,367 3,605,824 3,628,170 3,637,748 3,626,559 3,635,367 Average shares outstanding - basic 3,628,464 3,644,094 3,624,490 3,634,394 3,636,212 3,632,261 3,644,446 Average shares outstanding - diluted 3,635,410 3,652,806 3,631,337 3,641,435 3,643,915 3,640,387 3,653,117 (Unaudited) Six Months Ended: Three Months Ended: Other Selected Consolidated Data Mar 31,2025 Mar 31,2024 Mar 31,2025 Dec 31,2024 Sep 30,2024 June 30,2024 Mar 31,2024 Return on average assets 0.96 % 1.09 % 0.99 % 0.93 % 0.95 % 1.02 % 0.99 % Return on average equity 9.45 % 10.91 % 9.66 % 9.24 % 9.53 % 10.28 % 10.04 % Net interest rate spread 2.55 % 2.73 % 2.63 % 2.47 % 2.42 % 2.58 % 2.62 % Net yield on interest earning assets 3.01 % 3.11 % 3.07 % 2.95 % 2.90 % 3.01 % 3.02 % Operating expenses to average assets 1.97 % 1.90 % 2.06 % 1.88 % 1.93 % 1.98 % 1.93 % Efficiency ratio 60.54 % 57.00 % 62.05 % 58.97 % 61.28 % 60.89 % 59.82 % Ratio of non-performing loans to total assets at end of period 0.14 % 0.21 % 0.14 % 0.18 % 0.17 % 0.20 % 0.21 % Loan loss reserve to total loans, net 0.69 % 0.71 % 0.69 % 0.70 % 0.69 % 0.69 % 0.71 % Stockholders' equity to assets 10.10 % 10.01 % 10.10 % 10.16 % 10.04 % 9.93 % 10.01 % Selected Consolidated Financial Data Mar 31,2025 Dec 31,2024 Sep 30,2024 June 30,2024 Mar 31,2024 Total assets $ 871,430 $ 861,327 $ 862,988 $ 863,899 $ 847,416 Cash & investment securities 13,577 14,198 16,525 22,892 20,853 Mortgage-backed securities 125,115 124,774 127,523 132,621 138,072 Total Investments 138,692 138,972 # 144,048 155,513 158,925 Consumer Loans receivable 341,850 341,175 340,618 335,802 325,483 Commercial Loans receivable 357,076 348,424 343,346 337,872 329,235 Loan loss reserve (4,828 ) (4,854 ) (4,714 ) (4,668 ) (4,662 ) Total Loans receivable net 694,098 684,745 679,250 669,006 650,056 FHLB stock 3,874 3,909 5,501 5,366 4,813 Checking accounts 266,215 259,589 255,472 255,110 264,294 Savings accounts 214,159 206,369 208,491 223,101 229,208 Certificate of deposit accounts 216,918 224,273 201,424 180,007 166,664 Total Deposits 697,292 690,231 665,387 658,218 660,166 Advances 74,016 74,585 102,273 108,078 92,757 Total stockholders' equity 87,986 87,552 86,686 85,765 84,837 View source version on Contacts FOR FURTHER INFORMATIONM. Shane MichalakSenior Vice President/CFO215-256-8828
