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Arrests, citations and accidents Feb. 13-19, 2012 reported by the Cornelius Police Department. |
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The Lake Norman Kiwanis will hold its annual pancake breakfast 8 a.m. to noon March 3 at First Baptist Church in Huntersville. There will be entertainment and a silent auction. Funds raised support the Ada Jenkins Center. Tickets are $7 for adults, and $4 for children over 5 years of age. For tickets: Pat Jackson, 704-661-9255, or pat@mastertitleagency.com or Jamie Warner at jrwarner3@gmail.com. Kiwanis meets 7:30 a.m. Thursdays at Acropolis Restaurant. |
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Feb. 17 The Peninsula Community Foundation has made three grants totaling $20,000 to The Ada Jenkins Center, Discovery Place Kids Huntersville and the YMCA Starfish Program. The foundation also elected new officers: Todd Wiebusch, president; Jean Bock, vice president; Gip Bonar, treasurer; and Andrea Griffin, secretary. New board members include Laura Engel and Wendy Hershey. |
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Feb. 17 The ICE Gala benefiting the Ada Jenkins Center is March 3 at Davidson College. Funds raised support programs like Learn Works, which provides tutoring for 60 area elementary children from Davidson and Cornelius. Tickets, $150 online at www.adajenkins.org/events/ice. Sponsorships still available. Info: Natisha Rivera-Patrick 704-896-0471 |
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Feb. 16 Cornelius Police are looking for a red compact car that was seen leaving the Cornelius Village Apartments on Meridian Street early this morning. At 2:49 am Thursday police responded to reports of multiple gun shots. Witnesses saw a small red car leaving the scene. Detectives discovered four occupied apartments were struck by stray bullets, but no one was injured. Officers have increased patrol around the apartments which are at 19317 Meridian. Cornelius Police are asking anyone with information to contact the North Meck Crime Stoppers at 704-896-7867. You can remain anonymous. |
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Arrests, citations and accidents Feb. 6-12, 2012, reported by the Cornelius Police Department. |
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2nd Quarter: Congratulations students! |
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Feb. 8 The Cornelius/Lake Norman Lions Club is losing members, and visually impaired people stand to lose the most. |
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Arrests, citations and accidents Jan. 30-Feb. 5, 2012, reported by the Cornelius Police Department. |
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| McNEILIS |
Storage is no longer limited to closets and steel filing cabinets. Designers have teamed up to invent creative storage solutions that look great while remaining functional.
Storage ottomans, for example, come in all sorts of sizes, shapes, and colors. A large ottoman can replace the traditional cocktail table for you to kick up your feet |
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JOANNE AHERN
Seniors Columnist |
Joanne shares with us that Joy isn’t it a feeling that is dependent on your circumstances, but something that we can stand and depend on. |
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Aquesta reports earnings increased during the fourth quarter
Outlook for economy remains flat which will impact financial institutions |
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| ENGEL |
Aquesta Bank is back in the black. CEO Jim Engel said unaudited operating income for the fourth quarter of 2011 was $78,000 compared to net income of $2,000 for the same quarter of 2010. Net interest income for the fourth quarter of 2011 increased to $1.8 million from $1.6 million. The increase was largely due to improved net interest margins, but loan volume declined amidst a weak economy. At the same time, Aquesta had set aside a total of $1.8 million in loan loss reserves at the end of 2011, compared to $1.2 million set aside at the end of 2010.
Engel said Aquesta has hunkered down because of the economy.
"We had a rough patch in the third quarter and really decided to reduce our cost structure. We took a hard look at our loan portfolio to see if they are all priced correctly," Engel said, explaining that the bank is prepared for slow growth in 2012 and 2013. The bank reported an $859,000 loss during the third quarter of 2011 (compared to net income of $124,000 for the same year-ago quarter) and cut its workforce by about a dozen people.
"We are trying to be conservative this year, expecting slow growth, a soft economy in 2012 and 2013, so we are well-positioned if there is any uptake in the economy. It would be very good for us," Engel said. Aquesta’s total assets increased to $198.9 million at Dec. 31, 2011 compared to $195.5 million at at the end of 2010, an increase of 1.7 percent. Underscoring the weak economy and high unemployment, total loans decreased to $115.9 million at Dec. 31 of last year, vs. $126.2 million at the end of 2010. Loan loss provisions in the fourth quarter of 2011 were $600,000 compared to the same quarter of 2010 provisions of $956,000.
He said the home-grown bank is well positioned for continued economic weakness but is also prepared to resume its prior growth pattern when the local economy improves. “We are pleased that we have made substantial progress in reducing costs and further strengthening the balance sheet. While there are some signs of improvement in the local economy, we are committed to remaining conservative until the picture becomes clearer. Such conservatism should result in improved operating profits over time,” Engel said. |
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MARCH 3-4 GYMNASTICS The "Everest Classic," a two-day girls gymnastic competition, is March 3-4 at Hough High School. Put on by Visit Lake Norman, Everest Gymnastics Training Center and Cornelius PARC, the event is expected to bring hundreds of young gymnasts from across the country. Visit Lake Norman expects $134,000 in visitor spending. More info: Travis Dancy at Visit Lake Norman 704-987-3300 or tdancy@lakenorman.org |
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MARCH 4 CONCERT Pianist Yoon-Sun Song will be performing at the Cornelius Concert Series 2 pm March 4 at Mt. Zion United Methodist Church. The concert is free. There will be a free-will offering. |
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In honor of Black History Month, the Cornelius PARC Department is hosting "Celebrate Smithville" at Town Hall from 1-4 pm Saturday Feb. 25. Smithville is one the oldest communities in Cornelius, dating back to the 1880s. It will feature singing and dancing performances by local groups, children’s activities, community memorabilia and pictures, art by local artist James Donaldson and light refreshments. The event is free and open to the public. The Smithville CommUNITY Coalition is partnering with the PARC Department. The coalition was formed last year and is made up of residents, non-profits and faith-based communities. Their vision is to revitalize and transform their community into a vibrant, safe and attractive place to live and work that builds pride in its residents and attracts new developments of affordable homes and businesses, focusing on empowering all individuals and strengthening families. |
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The 19th annual Rural Hill Scottish Festival and Loch Norman Highland Games will be April 20-22. The advance, two-day (Saturday and Sunday) discount ticket of $25 includes admission to the Saturday night concert. Details, advance tickets: www.ruralhillscottishfestivals.net.
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The Lake Norman Chamber Business Build 10K Challenge Run/Walk, benefiting Habitat for Humanity, will be Saturday, Feb. 25 at the Bailey Middle School track in Cornelius beginning at 8 a.m. Runners/walkers collect a minimum $1 pledge per lap. To register or support a runner: www.ourtownshabitat.org. Details: 704-897-1966. |
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Registering is easy: Just login — creating a username and password to access this month's New Corporation filings. |
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Login to access residential transactions through Jan. 6 in Cornelius, Davidson and Huntersville recorded by the Mecklenburg Register of Deeds. |
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| MICHALSKI |
Noell Michalski likes to cook to relax.
Michalski is the owner of Burgundy Moon Spa & Winehouse in Jetton Village, and recently expanded to a larger building and added an Art of Living Fitness (Mind/Body) & Boutique Craft Studio.
Among her passions is tasting and learning about wines from around the world. She is planning a trip to Italy later this year to help in her exploration of the Italian wine market. |
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| JENNINGS |
The Lake Norman Lucky Cats program is a 501(c)3 non-profit that was started out of necessity. Back in the 1990s Lucky Cats founder Abigail Jennings became aware of a colony of 19 feral cats in the woods behind the then-new Lake Norman Realty building on West Catawba Avenue. |
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Full PDF versions of Cornelius Today are available to be read online...
Current issue available now, archived issues coming soon
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