Latest news with #HumboldtCounty
Globe and Mail
30-07-2025
- Business
- Globe and Mail
Earnings Release – Redwood Capital Bancorp – Second Quarter, 2025
On July 30, 2025, REDWOOD CAPITAL BANCORP (OTCQX:RWCB), the only locally owned and operated community bank holding company in Humboldt County, announced unaudited financial results for the three month period ended June 30, 2025. John Dalby, President and CEO, remarked, "In the second quarter of 2025, the company maintained its strong balance sheet and high-quality loan portfolio, supported by healthy capital and liquidity positions. Earnings per share were $0.56 for the quarter and $1.15 year-to-date. The Redwood Capital Bank team continue to serve our customers, community and shareholders with excellence, which has always been the impetus of our success.' The company posted modest growth in the balance sheet during the second quarter 2025. As of June 30, 2025, the company's total assets were $549.8 million, an increase of 6% from the prior quarter and 6% from the same period last year. Total loans net of unearned income was $382.3 million as of June 30, 2025. Total deposits were $489.7 million as of June 30, 2025. The continued high performing balance sheet produced net interest income of $4.7 million for the second quarter ending June 30, 2025, and $12 million year-to-date. For the second quarter ending June 30, 2025, the company recorded net income after taxes of $1.1 million and $2.3 million year-to-date. These strong earnings have increased book value per share by 1% or $0.38 to $27.21 for the second quarter ending June 30, 2025, and an increase to book value of $1.38 year-to-date. Renee Byers, SVP/Chief Financial Officer, stated, 'Redwood Capital Bank continues to provide excellent products and services, while contributing to our local community.' Additionally, the Board of Directors declared a quarterly cash dividend of $0.09 per share, payable on August 8, 2025, to shareholders of record at the close of business on July 28, 2025. The dividend is equivalent to an annual rate of $0.36 per share. CEO Dalby added, 'Redwood Capital Bancorp continues to provide consistent earnings for our shareholders while remaining an economic foundation for the community.' For more information regarding Redwood Capital Bancorp, please visit our website at contact Renee Byers, CFO, at (707) 444-9849, or stop by our headquarters and main office at 402 'G' Street, Eureka, CA 95501. Redwood Capital Bancorp (OTCQX:RWCB) trades on the OTCQX Best Market. Companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and have a professional third-party sponsor introduction. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on This press release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Redwood Capital Bancorp Selected Consolidated Financial Results - Unaudited (In Thousands) Period Ended % 6/30/2025 3/31/2025 Change Balance Sheet Data (at period end) Total assets $ 549,823 $ 519,389 6 % Total deposits 489,770 461,146 6 % Total loans (net) 382,251 383,033 0 % Common equity 53,706 52,446 2 % Common shares outstanding 1,974,071 1,954,627 1 % Summary of Operations (Current Quarter) Interest income 6,083 5,983 2 % Interest expense 1,345 1,311 3 % Net Interest Income 4,738 4,672 1 % Non-interest income 752 819 -8 % Non-interest expense 4,044 3,922 3 % Net Income before provision 1,446 1,569 -8 % Provision for loan losses (90 ) (17 ) >-100% Income before taxes 1,536 1,586 -3 % Income taxes/(credit) 421 436 -3 % Net Income 1,115 1,150 -3 % Earnings per common share (fully diluted) $ 0.56 $ 0.59 -4 % Book value per common share $ 27.21 $ 26.83 1 % Period Ended % 6/30/2025 6/30/2024 Change Balance Sheet Data (at period end) Total assets $ 549,823 $ 520,378 6 % Total deposits 489,770 460,814 6 % Total loans (net) 382,251 383,123 0 % Common equity 53,706 47,847 12 % Common shares outstanding 1,974,071 1,960,374 1 % Summary of Operations (Current Quarter) Interest income 6,083 5,444 12 % Interest expense 1,345 1,126 19 % Net Interest Income 4,738 4,318 10 % Non-interest income 752 1,055 -29 % Non-interest expense 4,044 3,143 29 % Net Income before provision 1,446 2,230 -35 % Provision for loan losses -90 137 >-100% Income before taxes 1,536 2,093 -27 % Income taxes 421 541 -22 % Net Income 1,115 1,552 -28 % Earnings per common share (fully diluted) $ 0.56 $ 0.79 -29 % Book value per common share $ 27.21 $ 24.41 11 %
Washington Post
29-06-2025
- General
- Washington Post
Wildfires are burning faster and hotter. Could grazing cows keep them at bay?
Ron Cerri is all too familiar with how destructive wildfire can be to his land and livestock. Blazes have burned through Rebel Creek Ranch in Humboldt County, Nevada, time and again, decimating property and wildlife, including his cows. Then, about 15 years ago, the fourth-generation rancher surveyed his thousands of acres of land and began to see his cattle not just as grass-hungry livestock, but also as the solution.
Yahoo
12-05-2025
- Yahoo
Partial human skull identified as California woman reported missing in 1987
Partial skeletal remains recovered in 1993 have been positively identified through DNA analysis as that of a Northern California woman reported missing in 1987, officials announced last week. Kay Josephine Medin, 48, was reported missing in Aug. 1987 by her husband Nikolas Medin, according to a news release from officials in Humbolt County. Her husband reportedly told investigators that he'd left on a business trip and when he returned, his wife was gone. 'The Medin property was searched, and friends and family were contacted. Her doctor was contacted, who reported she had no serious medical issues,' the release detailed. 'Kay was employed as a teacher at the Hyampom School. Her boss was contacted and reported Kay had been in good spirits. Kay's purse and personal property were found at the residence.' Investigators with the Trinity County Sheriff's Office listed her disappearance as suspicious. A little more than three months later, in Nov. 1987, the Humboldt County Sheriff's Office received a package containing skeletal remains and an anonymous letter with directions to additional remains in the eastern part of the county. Investigators followed up and located the additional remains, using dental records to positively identify Kay. A death certificate was issued in 1988, but she was still categorized as missing since her complete body had never been found, officials said. Then in 1993, a man walking the beach near Trinidad Head found a partial human skull and turned it over to authorities. DNA testing at that time did not indicate any matches. It wasn't until 2024, after receiving funding to clear up a backlog of unidentified human remains cases, that officials at HCSO sent the partial skull remains to a private lab for DNA analysis. Woman, 64, faces deportation after making wrong turn in Southern California After working up a DNA profile, the lab's in-house genealogy team used forensic genetic genealogy to see if any leads could be generated, soon releasing a report that Kay had a possible daughter. 'Investigators were able to locate the daughter and obtained a DNA sample from her,' officials said. 'The California Department of Justice later compared the two samples and confirmed the skull belonged to Kay Medin.' No arrests or charges have ever been made in connection with her disappearance and death, the Los Angeles Times reported. Her husband, Nikolas, died in 2018. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Daily Mail
11-05-2025
- Daily Mail
Skull found on California beach three decades ago connected to missing teacher
A human skull discovered on a California beach in 1993 has been identified as belonging to a beloved schoolteacher who vanished without a trace in 1987. The decades-old case breakthrough came after advanced DNA testing matched the skull to 48-year-old Kay Josephine Medin through a sample provided by her daughter. The identification was made possible by the forensic genealogy firm Othram, which specializes in solving cold cases using DNA analysis, KRCR reported. 'This week, Josephine Medin's loved ones got the answers they've needed for 32 years since her disappearance. I hope this discovery helps them find peace and closure,' US Representative Jared Huffman wrote on X. Medin, a teacher at Hyampom School, was last seen on August 3, 1987, when her husband, Nickolas Medin, returned home from a work trip to find her missing. Her purse and other 'personal property' were found at the residence, suggesting she had intended to return. However, despite extensive searches by local volunteers in the rugged terrain surrounding their home, there was no sign of the missing schoolteacher. Several months later, in November 1987, the Humboldt County Sheriff's Office (HCSO) received an anonymous package containing some of Medin's skeletal remains. The package also included an anonymous letter directing investigators to additional remains near Ammon Ridge Road in eastern Humboldt County - about 45 miles from her home. In February of 1993, the Fortuna Police Department contacted the Humboldt County Sheriff's Office to report the discovery of a woman's partial human skull found on the beach near Trinidad Head - about 100 miles from Medin's home. Pictured: Trinidad Beach in Humboldt County, California The remains were positively identified through dental records, but the cause of her death remained undetermined and no suspects were arrested. A death certificate was later issued for Medin in 1988, however, she remained listed as a missing person as there was not a complete body recovery. Years later, in February of 1993, the Fortuna Police Department contacted the HCSO to report the discovery of a woman's partial human skull found on the beach near Trinidad Head - about 100 miles from Medin's home. The mysterious skull however remained unidentified until recent DNA testing confirmed its identity. The circumstances of how the beloved teacher's remains were dispersed over such a wide area remain unclear, and her death has since been considered a homicide. Authorities have stated that Medin's husband, who reported her missing, is not considered a suspect, as he died in 2018. The case was only reopened after Huffman secured federal funding to help clear a backlog of unidentified remains cases. Using these funds, the HCSO submitted the mysterious skull to Othram's lab in The Woodlands, Texas, to determine if DNA testing could yield new information. Several months later, Othram provided investigators with new leads, including the possible identity of the skull's owner. The discovery led to a follow-up investigation and the identification of a potential relative. The California Department of Justice compared the relative's DNA to the profile developed from the skull, confirming it belonged to Kay Josephine Medin - also known as Kay Adams at the time she was reported missing in 1987, according to Investigators continue to seek answers in the hopes of uncovering the truth behind Medin's disappearance and death. Anyone with information is urged to contact Humboldt County Investigator Mike Fridley at 707-441-3024.
Yahoo
10-05-2025
- Yahoo
Forensic testing links skull remains to Northern California woman missing since 1987
A man was walking along a rocky, picturesque shoreline of Trinidad Head, located about 25 miles north of Eureka, when he spotted something unusual and unnerving. The unidentified man's discovery in February 1993 turned out to be a partial human skull that he handed over to the nearby Fortuna Police Department. To help identify the remains, the police forwarded them to the Humboldt County Sheriff's Department, which extracted a DNA sample and entered that into the California Missing Person DNA Database and the National Unidentified Person DNA index. The remains were unidentified until the Sheriff's Department announced this week it had linked the skull to the 1987 disappearance and death of a 48-year-old woman from Trinity County. The discovery was made through the aid of a third-party forensic tester and a federal grant. Authorities believe the skull fragments are the third set of remains belonging to Kay Josephine Medin, also known as Kay Adams, an elementary school teacher from Hyampom, who disappeared from that rural Northern California community in 1987. No witnesses, potential suspects or charges have ever filed in what authorities classified as a cold case homicide. Her husband, Nickolas, died in 2018. Read more: Man charged in cold case murder, sexual assaults could have more victims, police say While there's been no progress in finding out who killed Medin, this latest set of remains provides law enforcement another clue. Law enforcement officials credit Rep. Jared Huffman (D-San Rafael) for providing a community project grant designed to help clear a backlog of cold cases. Within a short span, the Sheriff's Department contacted Othram, a Texas-based forensic laboratory that specializes in genome sequencing that helps disentangle cold cases. The company claimed its assisted in solving 47 cases involving unsolved murders, unidentified remains or unresolved sexual assault kits over the last 90 days. The company utilized its forensic-grade genome sequencing to construct a DNA profile of the DNA sample from the discovered skull fragment. In September, Ortham generated new leads on the possible identity of the skull, which included Medin, to the Sheriff's Department. Included in the report were possible genetic relatives, including a daughter. Sheriff's investigators located the daughter, obtained a DNA sample and confirmed the skull was that of Medin. Ortham said in a release that Medin's case was the 63rd instance of individuals identified in California through its testing efforts. Read more: He found a girl's body in the snow in 1979. Nearly 50 years later, DNA shows he killed her Inquiries sent to Ortham and the Humboldt County Sheriff's Department were not returned. 'While Ms. Medin's case is tragic, I am relieved for the community that it has been brought to rest,' Huffman wrote in an emailed statement. 'Funding like this to help solve cold cases can not only bring justice, but closure to families and communities. I'm proud we were able to do some of that in this case.' The Sheriff's Department said that anyone who has tips regarding Medin should contact investigator Mike Fridley at (707) 441-3024. During the summer of 1987, Medin went missing while her husband was on a business trip. The family property was searched, while friends, family and her personal doctor were interviewed. Medin's purse and personal belongings were found in her home, and the Trinity County Sheriff's Office listed her disappearance as suspicious. Reports from the time said around 100 people, mostly volunteers, searched throughout remote and woodsy Trinity County. The local sheriff acknowledged at the time in an interview that he had run out of leads. Part of the mystery was solved in November 1987 when the Humboldt County Sheriff's office received a package of skeletal remains. A letter was included with directions leading to more, but what was found was still an incomplete set of remains. Those remains were recovered in East Humboldt County, about 45 miles from the Medin home while the skull was discovered 100 miles away on the shore of Trinidad Head. Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week. This story originally appeared in Los Angeles Times.
