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  • MIL-OSI Security: NATO tests integration of joint high-end maritime strike capabilities

    Source: NATO

    On 24 October 2024, NATO kicked-off “Neptune Strike 2024.” This enhanced vigilance activity will take place across Europe, from the central Mediterranean and Adriatic up to the North and Baltic Seas and will run until 31 October 2024. During this period, NATO will take operational control of cutting-edge maritime warfare capabilities from numerous Allies, including multiple aircraft carriers and expeditionary strike groups that will be deployed across several operational domains.

    In total, some 20 surface vessels and submarines, along with special operations forces and numerous aircraft, are participating, with around 15.000 supporting personnel. Participating nations to this NATO deployment include Albania, Belgium, Canada, Finland, Germany, Greece, Italy, Lithuania, Netherlands, Norway, Portugal, Romania, Spain, Sweden, Türkiye, the United Kingdom, and the United States, a powerful demonstration of Allies’ ability to work together through NATO to deter and defend.

    Read more from Allied Joint Force Command Brunssum

    Read more from Naval Striking and Support Forces

    MIL Security OSI –

  • MIL-OSI: Nene Capital Acquires Cold Tech (Services) Ltd., Strengthening Strategic Portfolio

    Source: GlobeNewswire (MIL-OSI)

    CORBY, United Kingdom, Oct. 25, 2024 (GLOBE NEWSWIRE) — Nene Capital, a long term investor in small and medium-sized enterprises (SMEs), is proud to announce the acquisition of Cold Tech (Services) Ltd., a leader in refrigerated coldroom and cabinet maintenance. This acquisition enhances Nene Capital’s portfolio with a company renowned for its expertise and high-quality, bespoke solutions in food, retail, pharmaceutical, and logistics sectors.

    Cold Tech (Services) Ltd. excels in maintenance, installation, and servicing of refrigeration, HVAC, and cold storage systems. Known for reliability and energy-efficient solutions, Cold Tech aligns perfectly with Nene Capital’s values of quality and growth.

    Cold Tech (Services) Ltd. will continue under its established brand, ensuring uninterrupted service and trusted relationships. Nene Capital will support Cold Tech by investing in resources to expand its capabilities while maintaining quality and customer satisfaction.

    Stephen Bayliss, Managing Director of Nene Capital, said, “We are thrilled to welcome Cold Tech (Services) Ltd. to our growing portfolio. This acquisition represents a significant step in our mission to invest in businesses that offer sustainable value and operational excellence.”

    Simon Stringer, Finance Director of Nene Capital commented: “Cold Tech is a well-established business with over ten years of successful trading during which it has achieved a strong position in its market. We are excited to take the business into the next stage of its development.”

    The transaction was supported by the corporate deal team at solicitors Howes Percival LLP and the Growth Finance team at Allica Bank.

    The MIL Network –

  • MIL-OSI: North Dallas Bank & Trust Co. Announces Second Quarter Earnings

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 25, 2024 (GLOBE NEWSWIRE) — NDBT (North Dallas Bank & Trust Co.), an independent community bank established in 1961, today announced net earnings for three months of $502,493 or $0.20 per share, and net earnings for nine months of $2,186,955 or $0.85 per share, for the periods ending September 30, 2024.

    Earnings were prepared internally without review by the company’s independent accountants. Financial results are the results of past performance, events and market conditions, and are not a guarantee for future results. Any forward-looking implications derived from this information may differ materially from actual results.

    Further information about the earning and financial performance is available from Glenn Henry, Chief Financial Officer, by contacting NDBT.

    ABOUT NDBT
    Founded in 1961, NDBT (North Dallas Bank & Trust Co.) is an independent community bank with five banking centers located in Dallas, Addison, Frisco, Las Colinas, and Plano. Headquartered on the corner of Preston Road and LBJ at 12900 Preston Road in Dallas, NDBT is dedicated to helping people make smarter choices in business and life by offering authentic banking solutions, wealth management, and innovative online banking tools. NDBT is Member FDIC and an Equal Housing Lender. For more information, call 972.716.7100, or visit online at www.ndbt.com.

    NORTH DALLAS BANK & TRUST CO.
    12900 PRESTON ROAD
    DALLAS, TEXAS
                   
    FINANCIAL HIGHLIGHTS Three Months Ended   Nine Months Ended
      September 30   September 30
    Income Statement 2024   2023   2024   2023
                   
    Interest Income 19,690,721     16,080,200     57,809,406     45,415,030  
    Interest Expense 11,417,563     8,497,071     32,759,175     19,553,246  
    Net Interest Income 8,273,158     7,583,129     25,050,231     25,861,784  
                   
    Provision for Loan Losses 0     0     (440,000 )   (450,000 )
    Noninterest Income 1,546,280     1,947,351     4,384,215     4,659,259  
    Noninterest Expenses (9,302,724 )   (8,767,533 )   (26,524,077 )   (25,989,503 )
    Income Before Taxes & Extraordinary 516,714     762,947     2,470,369     4,081,540  
                   
    Income Tax (14,221 )   (95,021 )   (258,414 )   (679,355 )
    Income Tax Prior Period (25,000 )   0     (25,000 )   0  
    Net Income 502,493     667,926     2,186,955     3,402,185  
                   
    Earnings per Share 0.20     0.26     0.85     1.32  
                   
              Nine Month Average
      As of September 30   Ended September 30
    Balance Sheet 2024   2023   2024   2023
                   
    Total Assets 1,867,355,555     1,728,752,439     1,819,265,389     1,697,914,626  
    Total Loans 1,211,656,001     1,133,317,827     1,206,729,021     1,057,729,435  
    Deposits 1,543,618,454     1,468,335,323     1,503,472,762     1,472,027,210  
    Stockholders’ Equity 170,479,567     160,495,368     166,294,611     160,534,861  
                   
    (Prepared internally without review by
    our independent accountants)
                   

    Media Contact:
    Brian C. Jensen
    972-716-7124
    brian.jensen@ndbt.com

    The MIL Network –

  • MIL-OSI: EduEdge Introduces Formula-Style Method, Changing English Mastery for Struggling Students

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 25, 2024 (GLOBE NEWSWIRE) — EduEdge is proud to announce its Formula-Style method, designed to transform the way struggling students master English. Despite English being Singapore’s first language, many students struggle with deeper aspects of the language, such as comprehension, written expression and critical thinking. This proficiency gap affects not only their English grades but also their performance in other subjects. Research highlights a strong link between English language proficiency and academic achievement in areas like Maths and Science, underscoring the importance of mastering English for well-rounded academic success.

    From left to right: Angela’s mum, brother, EduEdge Founders: Edwin Edangelus Cheng and Rowena May Yue, Angela Ray Oh

    Traditional teaching methods often fall short of helping students achieve true language mastery. As English is the most widely spoken language globally, this lack of holistic proficiency concerns parents who want their children to excel, not just in exams but in life. EduEdge addresses this challenge through a revolutionary approach to English education.

    Pioneered by founder Edwin Edangelus Cheng, EduEdge developed the groundbreaking Formula-Style method, designed to take the guesswork out of English learning. Backed by years of educational research, this structured approach goes beyond exam preparation by equipping students with the critical language skills and deep understanding necessary for lifelong success. By breaking down complex language concepts into easy-to-apply formulas, EduEdge empowers students to excel academically while mastering the communication skills essential for future professional achievements.

    Edwin Edangelus Cheng’s personal journey resonates with many parents and students. “I once was like your child,” Edwin shares, recalling his struggles with English as a student from a Chinese-speaking family. His experience and years as a public school teacher, where he taught both English and Physics, inspired him to find structured methods for language learning.

    “I saw how students approached learning English,” Edwin explains. “They often rely on intuition without the structure or proper articulation needed for true mastery. In Physics, we see results quickly because of its formula and steps. I wondered, could the same formula-style approach work for English?” This question led to the development of EduEdge’s Formula-Style method, offering a more structured and methodical way to teach and learn English.

    What makes the Formula-Style method different is its ability to break down English learning into easy-to-apply and easy-to-remember formulas, similar to Maths and Science. This system, known as the Total English Mastery System (TEMS), helps students learn English in a faster, smarter and more effective way. Over the past 10 years, TEMS has helped more than 3,500 students from over 150 schools across Singapore improve by at least two grades, with many achieving high Bs and As in English and General Paper (GP) exams. Students who started with borderline or failing grades found success by mastering six core language skills—Vocabulary, Grammar, Reading, Writing, Listening and Speaking.

    The impact of the Formula-Style method is shown in the stories of students who have experienced notable success. One such example is Angela Ray Oh, who, like many others, struggled with English during secondary school and was stuck at a C6 grade despite her determination. Her breakthrough came in Sec 4 when her mum enrolled her in EduEdge. After learning structured techniques, Angela’s approach to English transformed, leading her to score an A2 for her O-Levels.

    The benefits of these techniques extended beyond secondary school. While studying at Nanyang Technological University (NTU), Angela was awarded the Lee Kuan Yew (LKY) STEP Award, a highly competitive scholarship. The application process required writing two essays within 48 hours. Drawing on the writing techniques and critical thinking skills she gained at EduEdge, Angela crafted her submissions with confidence and aced both essays and the interview, demonstrating how EduEdge’s method equips students for real-world success.

    This success is no coincidence. EduEdge’s Formula-Style method is powerful, but its true impact is realised through the exceptional educators who bring it to life. The highly qualified and passionate teachers at EduEdge are rigorously selected, ensuring that the method is delivered to its full potential. This combination of structured techniques and top-tier teaching creates a transformative learning experience that drives students’ success.

    Every journey at EduEdge begins with a Diagnostic Consultation Assessment (DCA) involving both parents and students. This personalised session provides a clear and quantifiable understanding of the child’s current abilities and identifies specific areas that need improvement. Many parents believe misconceptions like, “My child speaks English, but their test results aren’t great,” or “My child reads a lot, but the results aren’t improving.” The DCA dispels these misconceptions by pinpointing underlying issues in comprehension, writing or critical thinking. This tailored approach allows EduEdge to develop a plan for effective improvement, ensuring more conducive learning.

    Parental involvement is a key aspect of the EduEdge approach. Regular feedback is provided via email, based on detailed marking of the child’s submitted work. This ensures parents stay up to date on their child’s progress. Post-lesson consultations are also available to address any specific concerns.

    Committed to continuous innovation, EduEdge keeps refining its methods to ensure students receive quality education not just for exams but for lifelong success. As part of its forward-thinking approach, EduEdge is exploring the use of AI and cutting-edge technology to personalise learning for every student further and extend educational support beyond the classroom. These tools will help create a more adaptive learning environment that tracks progress, identifies areas for improvement in real time and provides tailored resources.

    Additionally, EduEdge is expanding its reach with care, ensuring that high teaching quality is never diluted while maintaining accessibility for students and parents. With existing branches in Serangoon and Bukit Timah, EduEdge is set to open a new branch in Marine Parade, further increasing accessibility across Singapore while upholding the high standards that has made it one of the country’s leading English tuition specialists.

    Experience the EduEdge difference today. Book a complimentary 60-minute DCA using the coupon code ELSUCCESS. Give your child, aged 10 to 18 (or Primary 4 to Junior College 2), the personalised support they need to improve their English skills and excel academically.

    Media Contact

    Edwin Edangelus Cheng

    EduEdge English & GP Specialists

    Website: https://eduedge.com.sg/DCA/

    WhatsApp: https://wa.link/q77cvq

    Email: admin@eduedge.com.sg

    The MIL Network –

  • MIL-OSI Economics: Southern Africa joins advancing effort to build a united continental front against malnutrition

    Source: African Development Bank Group

    Representatives of the African Development Bank, the African Leaders for Nutrition (ALN) initiative, the African Union Commission (AUC), and the government of Botswana came together in Gaborone, Botswana to develop a unified approach to addressing malnutrition in Southern Africa.  

    The event, held on September 10 and 11, 2024, also drew nutrition experts from 15 countries in the region to support the development of Africa’s first-ever Multisectoral Nutrition Policy Framework (MNPF). Participants also discussed high-impact interventions, the establishment of sustainable funding mechanisms for nutrition programs, and financing targets. The consultation outcomes are expected to guide policy formulation and promote increased investments in nutrition across the region.

    The call for the development of a multisectoral policy framework and an investment target to ensure adequate funding for nutrition initiatives emerged from the 41st Ordinary Session of the African Union’s Executive Council, which was held in July 2022 in Lusaka, Zambia.

    The economic and social impacts of malnutrition took center stage in the discussions. One-third of African children under five suffer from stunting, even as obesity is an increasing challenge, with rates reaching 55 percent in some countries.

    In her remarks, Dr. Mareko Ramotsababa, Secretary for Primary Health Care in Botswana, observed: “The region is still lagging behind in achieving the goals set for the Africa Agenda 2063, particularly in ending hunger, achieving food security, and improving nutrition. Although there’s been some improvement in malnutrition rates in the SADC region recently, child undernutrition remains a significant concern. Most member states have stunting rates surpassing 25 percent and wasting rates exceeding 5 percent. This calls for immediate and concerted action.”

    Prof. Julio Rakotonirina, African Union Commission Director for Health and Humanitarian Affairs in the Department of Health, Humanitarian Affairs and Social Development, said: “These statistics must worry us because they stand in the way of achieving our aspiration for Agenda 2063, the Africa We Want. It is clear from these statistics that investing in the nutrition of our people to create a healthy and productive society is an economic imperative and should sit at the very center of Africa’s transformation agenda. Investing in better nutrition also makes financial sense. For a typical African country, every dollar invested in reducing chronic undernutrition in children yields a return of $16.”

    Mr. George Ouma, African Development Bank Coordinator of African Leaders for Nutrition, reflected on the event’s significance in the context of the Bank’s 60th anniversary, which took place on 9-10 September. “This regional consultation exemplifies the African Development Bank’s enduring commitment to advancing multisectoral nutrition strategies. As we celebrate 60 years of the Bank’s impact, we’re reminded that the mandate from the 41st Ordinary Session in Lusaka in 2022 anchors our gathering,” he said. “The urgency of a unified, multisectoral approach to combating malnutrition aligns perfectly with the Bank’s six-decade journey of fostering collaborative, cross-sector development initiatives.”

    The regional consultation for Southern Africa follows one for the West Africa region held in Dakar, Senegal, in August 2024. Under the continental MNPF, regional consultations will take place in all five regions of Africa, culminating in the development of a unified policy and investment target for the entire continent.

    The consultations will also help mobilize support for African countries ahead of the Nutrition for Growth Summit scheduled to be held in France in 2025. That Summit, a global event held every four years in the Olympic host country, brings governments and other key stakeholders together to accelerate progress toward ending malnutrition by 2030.

    About ALN

    The African Leaders for Nutrition (ALN) Initiative, spearheaded by the African Development Bank and championed by African leaders, works to galvanise political will and significant investments to end nutrition. Since it was officially endorsed on January 31, 2018, by the AU Assembly of Heads of State and Governments, ALN has secured critical commitments from governments across Africa, leading to impactful policy changes and cross-sector collaborations. 

    MIL OSI Economics –

  • MIL-OSI Economics: Meeting the moment: Microsoft’s 2024 Impact Summary

    Source: Microsoft

    Headline: Meeting the moment: Microsoft’s 2024 Impact Summary

    In the past year, we’ve witnessed remarkable examples of how AI can be applied to address some of the world’s most difficult problems—problems that until recently, we accepted as unsolvable either because the scale was too enormous (monitoring the health of the Amazon rainforest) or because getting powerful technology into the hands of everyday people was too expensive (diagnostic tools to detect disease in remote areas).

    But it turns out that when you enable teams of scientists and engineers to develop creative AI-driven solutions designed and implemented with the input of local communities, governments, private companies, and NGOs, the results are astonishingly effective and efficient.

    At Microsoft, we know that AI is going to be the driving, transformative force in the effort to bring education, healthcare, and opportunity to everyone, everywhere. But to realize our mission of empowering every person and every organization on the planet to achieve more in this AI era, we need to bring AI and the infrastructure that supports it to the areas of the world that were left behind in prior industrial revolutions.

    That’s why, in addition to making AI investments in the past year in places like Australia, the UK, Germany, France, and the United States, we also went to Indonesia, Malaysia, Thailand, Kenya, Mexico, and Brazil. We aren’t doing this alone; we are partnering with governments, private companies, and NGOs to build infrastructure that will result in carbon-negative, water positive data centers as well as skilling courses to create meaningful employment.

    None of this works without trust. Our business runs on trust, and it’s earned through an overriding commitment to security built into our products, openness to regulation, and transparency. This report details how we’re living up to our exacting standards in expanding opportunity, building trust, protecting fundamental rights, and advancing sustainability. There’s much more to do, but with AI and the collaborative power of billions of people worldwide, we will continue to tackle tough problems and solve them together.

    MIL OSI Economics –

  • MIL-OSI USA: Welch’s Bipartisan, Bicameral Resolution for ‘Bat Week’—Celebrated October 24-October 31—Flies Through Senate

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – During ‘Bat Week,’ U.S. Senator Peter Welch (D-Vt.) led Senators Mike Braun (R-Ind.), Cory Booker (D-N.J.), and Chris Van Hollen (D-Md.) and Representative Becca Balint (D-Vt.) in celebrating the Senate’s passage of their bipartisan, bicameral resolution supporting the federal designation of ‘Bat Week’ for the week of October 24 to October 31, 2024. The resolution emphasizes the importance of conserving bat species and habitats to the environment, national economies, and public health, and calls on Congress to continue working to defeat White-nose Syndrome (WNS), a fungal disease that threatens bats’ key role as pollinators and pest control for agriculture. The bipartisan resolution was passed with bipartisan, unanimous support. 
    “In Vermont and across the country, bats have a significant impact on the health of our environment. But as a result of White-nose Syndrome, more than half of Vermont’s bat species are now endangered, threatening the benefits bats provide to our ecosystems, our farms, and our nation,” said Sen. Welch. “Encouraging national observance of ‘Bat Week’ will revive efforts to conserve and protect of bats, their habitats, and their crucial role in Vermonters’ health.” 
    “From pollinating plants to controlling pests on our farms, bats play an important role in supporting agriculture and our environment. But bats across the country, including the ten different species found in Maryland, are at risk due to threats from climate change and disease. This resolution recognizes the importance of our native bat species and critical conservation efforts to protect them,” said Senator Van Hollen. 
    “In Vermont, we rely on bats to keep forests and fields pollinated and healthy for our environment and farms. Bats play a critical role in our ecosystem,” said Rep. Balint (VT-AL). “Unfortunately, a significant amount of Vermont’s bats species are endangered, posing risk to the environmental benefits bats provide. This resolution stands to highlight the importance of bats, support the work it takes to protect them, and advance Vermont’s values of conservation and a diverse ecosystem.” 
    Bats are present throughout the world and are the second-largest order of mammals with over 1,400 species. Bats play an important role in pollination and pest control, with recent studies estimating that bats save more than $1 billion annually in crop damage and pesticide costs in the United States corn industry.  
    These benefits are threatened by the spread of WNS, which has killed millions of bats in North America, including over 5.7 million bats in the northeastern United States since 2006. The disease has affected all six of Vermont’s cave bat species, and populations of cave bats have significantly declined since the disease was first reported in the state.  
    Read the full text of the resolution. 

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Cost of hundreds of parking spaces could fall, says council

    Source: City of Canterbury

    Home  »  Latest News   »   Cost of hundreds of parking spaces could fall, says council

    The cost of parking in more than 4,000 car park spaces across the district is set to be frozen.

    And the cost of parking in 220 spaces in one Canterbury city centre car park is proposed to fall by a huge 37%.

    In a report to Canterbury City Council’s Cabinet asking for permission to consult on the coming year’s parking charges, tariffs at the following car parks are set to stay the same:

    • all three Park and Ride sites – New Dover Road, Wincheap and Sturry Road
    • at most Band 2 car parks including St Radigunds, Northgate, Longport, Millers Field in Canterbury; Beach Walk, Oyster and Middle Wall in Whitstable; Neptune in Herne Bay; Reculver Towers and Reculver Country Park in Reculver
    • Band 3 car parks including Castle Street Multi-Storey, Holmans Meadow, Station Road West Multi-Storey, Toddlers Cove, Victoria Rec Ground in Canterbury; Cow Lane and Maynard Road in Wincheap; Gladstone Road, Shaftesbury Road and Victoria Street,in Whitstable; William Street, Market Street and Memorial Park in Herne Bay
    • Band 5 car parks including Ocean View, Swalecliffe Avenue and Bishopstone Lane in Herne Bay, Tankerton Road in Tankerton, Reculver Drive in Reculver, Hampton in Hampton, Faversham Road in Seasalter and the Gorrell Valley Nature Reserve

    A space at the Riverside complex will fall from £2.70 an hour to £1.70 with the resident rate or £1.90 without.

    And, after concerns were raised about the increase in the cost of parking in School Lane, Herne, which was imposed last year, the report says the cost of an all-day space should fall from £15 per day to £1.60 on weekdays and £3.20 during the weekend and bank holidays.

    Motorists could also benefit from:

    • the introduction of an annual Park and Ride permit for £50 per month or £600 per year saving motorists money
    • the introduction of a Park and Ride corporate account allowing businesses to encourage their staff to park for just £2.50 per day including free parking at the weekend
    • applying the resident rate to the daily capped charge in Band 3 car parks controlled by ANPR cameras so it will cost a maximum of £13.50 per day. Non residents will pay £15
    • applying the resident rate to the daily capped charge in Band 2 car parks so it will cost a maximum of £18 per day. Non residents will pay a maximum of £20 per day

    Cllr Alex Ricketts, Cabinet Member for Tourism, Transport and Rural Champion, said: “Parking charges are never popular but the income they generate helps to pay for vital frontline services like waste collections or providing temporary accommodation for families that find themselves without a roof over their heads.

    “Feedback from the public has been instrumental in the formation of this set of proposals and, if Cabinet gives its permission to consult, we’re keen to hear everyone’s views before any final decisions are taken early next year.

    “I’d urge people to take a moment to feed into the process. We do listen and adjust charges where we can.

    “I hope our proposal for School Lane is evidence of that.

    “And it is worth noting, we’re still waiting to hear from the new Chancellor how much money she can find for local government so some our assumptions may have to change.”

    The draft Off Street Parking Places Order (OSPPO), which sets council car park tariffs, also proposes:

    • to add 10p an hour to the cost of parking in the council’s Band 1 car parks
    • to move North Lane and Castle Row car parks in Canterbury from Band 2 to Band 1
    • to increase the cost of off-street parking permits by 3%

    Cllr Ricketts said: “Everyone who lives, works and studies in Canterbury knows it is impossible to drive around the city at certain times of the day and how difficult it is to find a space in our most popular car parks.

    “We have to cut the queues and change people’s habits. Park and Ride is key.

    “These proposals are designed to reduce the demand for city centre car parking spaces and persuade people and businesses to use low-cost and convenient alternatives like the Park and Ride scheme.

    “They align with our emerging bus-led transport strategy which is aimed at making alternatives to the car far more attractive to cut congestion, boost air quality and combat climate change.

    “We really do want to hear what people think especially if they have alternative ideas.”

    The banding of the council’s car parks and the resident rate was introduced last year.

    Car parks have been placed in bands with the most popular and convenient in Band 1 and the far less well used in Band 5.

    If you’re a resident of Canterbury, Herne Bay, Whitstable or the rural villages and you have a parking permit account, you can sign up for a resident rate permit in certain car parks.

    You pay 10% less in all ANPR-camera controlled car parks in bands 2 and 3 and 20% less at all Park and Ride sites.

    The Cabinet will decide whether to give permission to consult on the OSPPO at its meeting on Monday 4 November at 7pm in the Guildhall, St Peter’s Place, Canterbury.

    If approved, the consultation will run from Monday 11 November 2024 to Monday 6 January 2025.

    Published: 25 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Draft budget hopes to tackle council’s financial challenges head on

    Source: City of Canterbury

    Home  »  Latest News   »   Draft budget hopes to tackle council’s financial challenges head on

    Coping with ever-rocketing external costs and increasing demands for council services are at the heart of Canterbury City Council’s budget proposals for 2025/2026.

    If nothing else changed, rising prices alone would account for an increase in spending of just over £1m.

    To counter this, the draft budget says it has identified £701,000 in efficiency savings and can shave a further £393,000 because of proposed changes to some service levels.

    Cllr Mike Sole, Canterbury City Council’s Cabinet Member for Finance, said: “It is no secret that councils across the country of all political persuasions are facing a really difficult financial situation. We are no different.

    “And drafting this budget is a touch more challenging than it usually is as we’re waiting to find out how much money the new Chancellor will be able to find for councils which are facing a plethora of challenges.

    “Some of our assumptions could well change for the better.

    “As an administration that is determined to be prudent and careful with council taxpayers’ money, we know we are not able to significantly expand the services that are important to us right now.

    “But we are determined to use advances in technology to help us to work smarter, achieve more and generate extra cash especially when it comes to our property portfolio.

    “Finally, the draft budget promises we will put aside the extra money needed to ensure we cement and build on the legacy of the Levelling Up Fund projects.”

    The draft budget also proposes:

    • the introduction of a cultural grant pot of £30,000 per year to support more events and festivals
    • freezing parking charges for more than 4,000 parking spaces in council-owned car parks including Park and Ride, reducing the cost of parking at the Riverside complex by 37% and reversing last year’s increase in School Lane, Herne
    • the introduction of an annual Park and Ride permit for £50 per month or £600 per year saving motorists money
    • the introduction of a Park and Ride corporate account allowing businesses to encourage their staff to park for just £2.50 per day including free parking at the weekend
    • to convert 20 of Canenco’s larger diesel refuse collection vehicles to run on hydrogenated vegetable oil to help cut emissions and help the environment, at a cost of approximately £20,000 a year
    • a 3% increase in council tax meaning people living in an average Band D property will pay an extra 14p per week
    • saving £58,000 by reducing the number of times the grass is cut in amenity sites, such as parks and playing fields, from 18 times a year to 10 times a year

    If accepted, the draft budget suggests most of the council’s fees and charges should only go up by 3%. The exceptions are:

    • a 20% increase for developers seeking what is known as pre-app advice before putting in a press release
    • a 5% increase for beach hut owners except for those at East Cliff which will be reduced by 14%
    • a 5% increase for people using the council’s slipways for launching jet skis etc

    Leader of the Council, Cllr Alan Baldock, said: “Finding more than £1 million in cost savings after years and years of finding ways to be more efficient is no mean feat and is a real testament to officers and we are incredibly grateful for their hard work.

    “We’re determined to do all we can to spot opportunities to invest in improvements to our services so that we can save money in the future and spend it on the key priorities we were elected to deliver.

    “This really is a listening exercise and we want to hear the views of everyone that lives, works and studies in the district.

    “People have become jaded when it comes to consultations around key but difficult issues.

    “I hope our proposed changes to tariffs in School Lane in Herne show we are more than prepared to listen.”

    The Cabinet will decide whether to give permission to consult on the draft budget at its meeting on Monday 4 November at 7pm in the Guildhall, St Peter’s Place, Canterbury.

    If approved, the consultation will run from Monday 11 November 2024 to Monday 6 January 2025.

    Published: 25 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Temporary closure as Derby Road upgrades continue

    Source: City of Derby

    Upgrades are continuing along Derby Road and Nottingham Road to deliver better transport choices for Derby.

    As part of the next phase of works, Derby Road will be closed twice to allow for kerbing, footway and drainage works, and resurfacing. These closures will be:

    • Between Raynesway/Acorn Way roundabout and Oregon Way. 7am Saturday 26 October to 8pm Sunday 3 November.
    • Between Raynesway/Acorn Way roundabout and Lime Grove. 7am Saturday 16 November to 8pm Sunday 17 November.

    Both closures will be in place 24/7 with no through routes for vehicles. Pedestrian access will be maintained. Traffic will still be able to use the Raynesway Roundabout in other directions.

    During the closures, a signed diversion route will be in place via the A52, Pentagon Island and Nottingham Road for through traffic.

    There will also be local diversion routes in place for the weekend of the 16 and 17 November when the Derby Road/Oregon away junction is closed.

    For bus users, trentbarton are providing a shuttle bus to the city centre. Details can be found on their website.

    The closures have been planned for the half term week and a weekend to minimise disruption and make the most of lighter traffic. This also means school runs and bus services are not affected.

    These works are part of Nottingham and Derby’s Transforming Cities programme, a wider package of works that is creating a more sustainable transport network for the city. 

    For Derby Road and Nottingham Road this means the creation of new active travel provision through improved pedestrian and cycle routes.

    Councillor Nadine Peatfield, Leader of Derby City Council, said:

    Sustainable transport is an essential part of our mission to create a greener, better-connected Derby, and we have embarked on a wide range of schemes to improve infrastructure around the city.

    I’m glad to see work progressing well on both Nottingham and Derby Road, but to allow it to continue some temporary road closures are necessary.

    We know the impact that roadworks can have in busy areas, so we have worked hard with our contractors to reduce the duration of the closures to the half-term week and a weekend to help minimise disruption.

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Minister LeBlanc launches Call for Applications under National Crime Prevention Strategy

    Source: Government of Canada News (2)

    News release

    October 25, 2024

    Toronto, Ontario

    Today, the Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs, announced the launch of the application process for funding under the National Crime Prevention Strategy (NCPS). Eligible organizations will be able to apply for funding from November 1st to December 20th, 2024. An estimated $123.5 million will be available over the next five years.

    Organized crime groups and gangs are increasingly recruiting among youth. By investing in prevention, we’re meeting young people where they are so that organized crime groups and gangs can’t get to them in the first place.

    This investment will support community-led crime prevention efforts tailored to at-risk and vulnerable youth, particularly Indigenous and racialized youth, youth involved in violence, and youth with repeat contacts with the criminal justice system.

    Specifically, funding will be focused on initiatives aimed at stopping crime before it occurs by reducing the risk factors that lead youth to get involved in violent criminal activity, such as gun violence and auto theft.

    In addition, an annual $700,000 portion of NCPS funding will be available for projects that focus specifically on preventing bullying and cyber bullying.

    By investing to counter crimes and giving every youth the tools to be law abiding and to lead productive lives, we are investing in a safer and more inclusive future for all.

    Quotes

    “Combatting crime is about supporting the incredible work of our frontline police officers and giving them the tools they need to hold criminals accountable, while also working directly with at-risk youth to prevent crime. By investing in prevention and giving every youth the tools to chart a brighter path in life, we are investing in a safer and more inclusive future for all.”

    – The Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs

    “Our government understands the importance of investing in crime prevention to keep our communities safe. This investment will make a significant difference in my riding and everywhere in Canada, by reaching youth where they are and bringing everything to bear so that organized crime groups and gangs can’t get to them in the first place.”

    – The Honourable Judy A. Sgro, Member of Parliament for Humber River–Black Creek

    Quick facts

    • Organizations that apply for funding will follow a streamlined submission process for three funding programs under the NCPS: the Crime Prevention Action Fund (CPAF), the Northern and Indigenous Crime Prevention Fund (NICPF), and the Youth Gang Prevention Fund (YGPF).

    • Organizations will only need to apply once under the NCPS Call for Applications.  The results of the assessment process will determine which of the three funding programs (CPAF, NICPF, or YGPF) applicants may be eligible for. 

    • Through the NCPS, Public Safety Canada will also look to support capacity building by funding initiatives to enhance community readiness for implementing long-term crime prevention programming.  

    • Public Safety Canada is responsible for implementing the NCPS and provides national leadership on effective and cost-effective ways to prevent and reduce crime by intervening on the risk factors before crime happens.

    • In addition to this, on September 24, 2024, Minister LeBlanc launched the Canada Community Security Program (CCSP) to protect communities from hate-motivated crimes. The CCSP is the fourth program under the National Crime Prevention Strategy, along with the CPAF, NICPF and YGPF. Organizations can apply for funding at any time throughout the year through a continuous intake application process.

    Associated links

    Contacts

    Gabriel Brunet
    Press Secretary
    Office of the Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs
    819-665-6527
    gabriel.brunet@iga-aig.gc.ca

    Media Relations
    Public Safety Canada
    613-991-0657
    media@ps-sp.gc.ca

    MIL OSI Canada News –

  • MIL-OSI Canada: Remarks by the Deputy Prime Minister on measures to help Canadians buy or rent a home

    Source: Government of Canada News

    Remarks by the Deputy Prime Minister on measures to help Canadians buy or own a home

    October 10, 2024 – Scarborough, Ontario

    Check against delivery

    Good afternoon.

    I would first like to acknowledge that we are gathered on the traditional territories of many nations, including the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee and the Wendat Peoples.

    I would like to thank the wonderful family, the wonderful couple who have hosted me here today in their home, Faten Salloum and Samer Ghazi.

    I really want to thank you for your warm welcome. I want to thank you for the contributions you make to Canada every single day and it was really a pleasure for me to see the beautiful home you live in with your three wonderful daughters.

    Faten and Samer used a First Home Savings Account to save up some money to buy their very first home and they also used the Home Buyers’ Plan to withdraw some money from other savings accounts.

    It’s really heartwarming for me to meet a family that is taking advantage of some of the programs we’ve put in place to buy their first home.

    I would like to begin by briefly talking about the Canadian economy. Canada leads the G7 by achieving a soft landing following the COVID recession.

    Inflation eased to 2% in August and Canada’s inflation remained in the Bank of Canada’s target range for eight consecutive months. Canada was the first G7 country to reduce the overnight rate for the first time. Canada was the first G7 country to reduce the policy interest rate for a second time and Canada was the first G7 country to reduce the overnight rate for a third time. 

    The economy is on the right track. This is good news for Canadians, for Canadian families like Faten and Samer’s family. Wages exceeded inflation for 19 consecutive months, and this is significant news because it means that people’s wages, cheques, have more buying power.

    Now I’d like to talk for a moment about the new measures we’ve been putting in place over the past several weeks, including a new measure we announced just a couple of days ago to help even more families buy a home, to help families expand that home.

    We announced 30-year mortgage amortizations, for all first-time home buyers, for families like Samer and Faten’s and for all Canadians buying a newly built home.

    We announced the level for insured mortgages will be increased to $1.5 million and those measures will come into force on December 15th.

    This week we announced some measures we’ve put in place to help families who want to add a secondary suite to their home. This is something I’m excited about because we all know that Canada needs to build more homes faster. We know an important way to do that is to have gentle density in our cities, in our neighbourhoods.

    We put measures in place last year to encourage big developers to build more homes faster, particularly when it comes to purpose-built rentals. There’s a gap in the market and that’s important.

    The measures we announced this week will allow regular Canadian families to expand their homes, make it easier for them to expand their homes.

    We think that sort of gentle density is a good way to allow Canadian families to participate in this great national project of increasing housing supply. So, what have we done?

    We have said if you are building a secondary suite, adding it to your home, whether it’s a basement apartment, a garden suite, laneway housing, you can refinance your mortgage and have a 30-year amortization. You can access up to 90 % of the value of your home including the value added by the secondary suite and in the insured market you will be eligible for these terms for a value of up to $2 million, including the value that the secondary suite adds.

    Those changes are going to be effective January 15th. I know I talked to a lot of Canadian families who are keen to add that space to their home, have a family member be able to live with them. This is going to allow them to do that and more generally add that gentle density, add that supply for all of us.

    We also announced in the budget that if you have an insured mortgage, you do not have to requalify with a new stress test to switch lenders.

    The Office of the Superintendent of Financial Institutions announced recently that if you have an uninsured mortgage and you just want to do a straight switch to a different lender, you do not have to requalify. I want to emphasize those two announcements because together what they mean is if you have a mortgage and it’s coming up for renewal, you do not have to pass a stress test again to switch lenders. It’s important for me because I have talked to a lot of Canadians who are concerned about the mortgage renewal that’s coming up.

    Today you can shop around. You can get the best deal for yourself and your family. I think that is a really valuable benefit.

    We have an ambitious plan to build more homes faster, to get 4 million homes built by 2031. Key elements of that plan are to increase supply. Increasing supply by removing the GST on purpose-built rentals, increasing supply by providing even more concessional financing from CMHC to get those purpose-built rental apartments built.

    Increasing supply by working through our Housing Accelerator Fund with municipalities to get them cut the red tape so it is possible to build more homes faster and increasing supply by looking at the stuff the federal government owns and liberating federal lands. We call it “lazy land”. Let’s liberate that so that it is used to build homes for more Canadian families.

    We’re focused on ensuring that young families like this one are able to buy their first home.

    I want to conclude by emphasizing really good news we have had this week. Rents are coming down in Toronto and in the GTA. In Toronto, the rent for a one-bedroom apartment is down more than 1 per cent month over month and more than 8 per cent year over year. For a two-bedroom apartment it is down 0.8 per cent month over month and 8.2 per cent year over year. We’ve seen reductions in rent month over month and year over year in communities across the GTA. In Mississauga, Oakville, North York, Etobicoke, Burlington and Brampton. I emphasize that because I know that since the COVID recession, things have been hard for Canadians and rent has been a real challenge for a lot of Canadian families. The fact that rents are coming down is good news.

    Thank you for listening. I would one last time like to thank Faten and Samer, congratulate them on their beautiful house and beautiful family, thank them for their warm welcome today. 

    MIL OSI Canada News –

  • MIL-OSI USA: Event Details

    Source: NASA

    The next private CSUG event will take place November 6 – 7 at NASA’s Goddard Space Flight Center in Greenbelt, Maryland. Throughout the CSUG, representatives from NASA’s Space Communications and Navigation program and CSP’s industry partners will share updates on commercial SATCOM capability developments and the commercial service demonstrations taking place under CSP.
    The CSUG is a private event for invited guests. NASA attendees must be badged and have physical access to Goddard Space Flight Center to attend in-person. There will be limited in-person seating, so RSVPs are required. Meeting invitations and an agenda will be provided to CSP’s active CSUG roster as details are finalized.
    Please contact CSUG team member Michele Vlach to learn more and to be added to the CSUG distribution list, michele.m.vlach@nasa.gov.

    In 2022, CSP awarded six funded Space Act Agreements to members of industry to develop and demonstrate space-based relay services that can meet NASA mission needs.
    Inmarsat Government Inc.
    Download
    Inmarsat Government will demonstrate a variety of space-based applications enabled by their established ELERA worldwide L-band network and ELERA satellites.

    Kuiper Government Solutions LLC
    Download
    Kuiper will deploy over 3,000 satellites in low-Earth orbit that link to small customer terminals on one end and a global network of hundreds of ground gateways on the other.

    SES Government Solutions
    Download
    SES will develop a real-time, high-availability connectivity solution enabled by their established geostationary and medium-Earth orbit satellite constellations.

    Space Exploration Technologies
    Download
    SpaceX plans to connect their established Starlink constellation and extensive ground system to user spacecraft through optical intersatellite links for customers in low-Earth orbit.

    Telesat U.S. Services LLC
    Download
    Telesat plans to leverage their Telesat Lightspeed network with optical intersatellite link technology to provide seamless end-to-end connectivity for low-Earth orbit missions.

    Viasat Incorporated
    Download
    Viasat’s Real-Time Space Relay service, enabled by the anticipated ViaSat-3 network, is designed to offer a persistent on-demand capability for low-Earth orbit operators.

    CSP is also formulating non-reimbursable Space Act Agreements with members of industry to grow the domestic SATCOM market, potentially expanding future space-relay offerings for NASA missions. 

    Kepler Communications US Inc. plans to deliver data at lightspeed with a Space Development Agency-compatible optical data relay network, connecting space and Earth communications with low latency, high throughput, and enhanced security. The Kepler Network plans to provide complete coverage of all low-Earth orbit above 400 km altitude.

    MIL OSI USA News –

  • MIL-OSI Security: Around the Air Force: Test Pilot School Gets Super Tucano, Planning for Mobility Guardian 25, Global Household Goods Contract Program

    Source: United States Air Force

    In this week’s look around the Air Force, three A-29 Super Tucanos join the Air Force Test Pilot School fleet, allies and partners prepare for next summer’s Mobility Guardian 25, and the new Global Household Goods Contract program rolls out.

    MIL Security OSI –

  • MIL-OSI: Fentura Financial, Inc. Announces Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    FENTON, Mich., Oct. 25, 2024 (GLOBE NEWSWIRE) — Fentura Financial, Inc. (OTCQX: FETM) has announced a regular dividend of $0.11 per share for shareholders of record as of November 4, 2024, and payable November 12, 2024.

    About Fentura Financial, Inc. and The State Bank

    Fentura Financial, Inc. is the holding company for The State Bank. It was formed in 1987 and is traded on the OTCQX exchange under the symbol FETM, and has been recognized as one of the Top 50 performing stocks on that exchange.

    The State Bank is a 5-Star Bauer Financial rated commercial, retail and trust bank headquartered in Fenton, Michigan. It currently operates 20 full-service offices and one loan production center serving Bay, Genesee, Ingham, Jackson, Livingston, Oakland, Saginaw, and Shiawassee counties. The State Bank believes in the potential of banking to help create better lives, better businesses, and better communities, and works to achieve this through its full array of consumer, mortgage, SBA, commercial and wealth management banking and advisory services, together with philanthropic and volunteer support to organizations and groups within the communities it serves. More information can be found at www.thestatebank.com or www.fentura.com.

    Cautionary Statement: This press release contains certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements concerning future growth in earning assets and net income. Such statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company’s operations, markets, products, services, interest rates and fees for services. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

         
    Contacts: Ronald L. Justice Aaron D. Wirsing
      President & CEO Chief Financial Officer
      Fentura Financial, Inc. Fentura Financial, Inc.
      810.714.3902 810.714.3925
      ron.justice@thestatebank.com aaron.wirsing@thestatebank.com
         

    The MIL Network –

  • MIL-OSI: Fentura Financial, Inc. Announces Third Quarter 2024 Earnings (unaudited)

    Source: GlobeNewswire (MIL-OSI)

    Dollars in thousands except per share amounts. Certain items in the prior period financial statements have been reclassified to conform with the September 30, 2024 presentation.

    FENTON, Mich., Oct. 25, 2024 (GLOBE NEWSWIRE) — Fentura Financial, Inc. (OTCQX: FETM) announces quarterly net income results of $867 and $5,637 for the three and nine months ended September 30, 2024, respectively.

    Ronald L. Justice, President and CEO, stated, “We ended the 2024 third quarter with record total assets, deposits, and shareholders’ equity. These results are a testament to the continued hard work of our team members, and the local value we provide our Michigan communities. During the third quarter, we announced a merger with ChoiceOne Financial Services, Inc., pursuant to which ChoiceOne and Fentura will merge in an all-stock transaction. Once completed, the combination will create the third largest publicly traded bank in Michigan with approximately $4.3 billion in consolidated total assets and 56 offices in Western, Central and Southeastern Michigan. We continue to expect to close the transaction in the first quarter of 2025, subject to the satisfaction of customary closing conditions and regulatory approvals.”

    Following is a discussion of our financial performance as of, and for the three and nine months ended September 30, 2024. At the end of this document is a list of abbreviations and acronyms.

    Results of Operations (unaudited)
    The following table outlines our QTD results of operations and provides certain performance measures as of, and for the three months ended:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    INCOME STATEMENT DATA                    
    Interest income   $ 22,194     $ 21,487     $ 21,541     $ 21,033     $ 20,416  
    Interest expense     10,202       9,650       9,315       8,526       7,757  
    Net interest income     11,992       11,837       12,226       12,507       12,659  
    Credit loss expense (reversal)     1,203       796       (43 )     (190 )     (309 )
    Noninterest income     2,210       2,314       2,355       2,145       2,338  
    Noninterest expenses     11,974       10,921       11,166       10,121       10,594  
    Federal income tax expense     158       454       668       937       937  
    Net income   $ 867     $ 1,980     $ 2,790     $ 3,784     $ 3,775  
    PER SHARE                    
    Earnings   $ 0.19     $ 0.44     $ 0.63     $ 0.85     $ 0.85  
    Dividends   $ 0.11     $ 0.11     $ 0.11     $ 0.10     $ 0.10  
    Tangible book value(1)   $ 30.51     $ 29.84     $ 29.38     $ 28.92     $ 27.64  
    Quoted market value                    
    High   $ 40.00     $ 24.39     $ 27.20     $ 27.20     $ 23.74  
    Low   $ 22.16     $ 22.33     $ 24.00     $ 22.26     $ 19.10  
    Close(1)   $ 39.07     $ 22.50     $ 24.40     $ 27.20     $ 23.74  
    PERFORMANCE RATIOS                    
    Return on average assets     0.19 %     0.45 %     0.63 %     0.86 %     0.86 %
    Return on average shareholders’ equity     2.37 %     5.59 %     7.98 %     11.11 %     11.27 %
    Return on average tangible shareholders’ equity     2.54 %     5.98 %     8.55 %     11.94 %     12.14 %
    Efficiency ratio     84.31 %     77.17 %     76.58 %     69.08 %     70.64 %
    Yield on average earning assets (FTE)     5.17 %     5.18 %     5.15 %     5.06 %     4.92 %
    Rate on interest bearing liabilities     3.28 %     3.22 %     3.11 %     2.90 %     2.66 %
    Net interest margin to average earning assets (FTE)     2.80 %     2.85 %     2.92 %     3.01 %     3.05 %
    BALANCE SHEET DATA(1)                    
    Total investment securities   $ 99,724     $ 100,167     $ 103,210     $ 107,615     $ 109,543  
    Gross loans   $ 1,442,389     $ 1,459,929     $ 1,461,465     $ 1,473,471     $ 1,483,720  
    Allowance for credit losses   $ 14,700     $ 15,300     $ 15,300     $ 15,400     $ 15,400  
    Total assets   $ 1,807,370     $ 1,756,629     $ 1,764,629     $ 1,738,952     $ 1,744,939  
    Total deposits   $ 1,470,586     $ 1,427,059     $ 1,438,408     $ 1,394,182     $ 1,401,797  
    Borrowed funds   $ 179,970     $ 178,397     $ 178,500     $ 198,500     $ 201,050  
    Total shareholders’ equity   $ 146,398     $ 143,301     $ 141,074     $ 138,702     $ 132,902  
    Net loans to total deposits     97.08 %     101.23 %     100.54 %     104.58 %     104.75 %
    Common shares outstanding     4,495,005       4,490,087       4,484,447       4,470,871       4,466,221  
    QTD BALANCE SHEET AVERAGES                    
    Total assets   $ 1,797,307     $ 1,762,651     $ 1,771,614     $ 1,740,526     $ 1,739,510  
    Earning assets   $ 1,708,177     $ 1,669,862     $ 1,683,708     $ 1,649,091     $ 1,646,848  
    Interest bearing liabilities   $ 1,237,665     $ 1,204,370     $ 1,205,162     $ 1,165,064     $ 1,156,835  
    Total shareholders’ equity   $ 145,240     $ 142,577     $ 140,574     $ 135,157     $ 132,860  
    Total tangible shareholders’ equity   $ 135,959     $ 133,252     $ 131,204     $ 125,723     $ 123,349  
    Earned common shares outstanding     4,466,951       4,461,580       4,449,376       4,443,463       4,437,415  
    Unvested stock grants     26,500       26,500       31,821       26,018       26,668  
    Total common shares outstanding     4,493,451       4,488,080       4,481,197       4,469,481       4,464,083  
    ASSET QUALITY                    
    Nonperforming loans to gross loans (1)     0.71 %     0.66 %     0.39 %     0.38 %     0.24 %
    Nonperforming assets to total assets (1)     0.58 %     0.56 %     0.34 %     0.35 %     0.23 %
    Allowance for credit losses to gross loans (1)     1.02 %     1.05 %     1.05 %     1.05 %     1.04 %
    Net charge-offs (recoveries) to QTD average gross loans     0.12 %     0.05 %     — %   (0.01)%   (0.03)%
    Credit loss expense (reversal) to QTD average gross loans     0.08 %     0.05 %     — %   (0.01)%   (0.02)%
    CAPITAL RATIOS(1)                    
    Total capital to risk weighted assets     12.48 %     12.38 %     12.27 %     11.91 %     11.59 %
    Tier 1 capital to risk weighted assets     11.42 %     11.28 %     11.17 %     10.82 %     10.51 %
    CET1 capital to risk weighted assets     10.40 %     10.28 %     10.17 %     9.83 %     9.53 %
    Tier 1 leverage ratio     8.78 %     8.92 %     8.78 %     8.77 %     8.58 %
                         
    (1)At end of period                    

    The following table outlines our YTD results of operations and provides certain performance measures as of, and for the nine months ended (unaudited):

        9/30/2024   9/30/2023   9/30/2022   9/30/2021   9/30/2020
    INCOME STATEMENT DATA                    
    Interest income   $ 65,222     $ 58,648     $ 41,438     $ 35,161     $ 34,355  
    Interest expense     29,167       19,561       3,122       2,091       4,952  
    Net interest income     36,055       39,087       38,316       33,070       29,403  
    Credit loss expense (reversal)     1,956       132       2,258       (218 )     4,652  
    Noninterest income     6,879       7,126       7,997       11,092       15,190  
    Noninterest expenses     34,061       32,547       30,870       27,815       23,939  
    Federal income tax expense     1,280       2,689       2,616       3,328       3,271  
    Net income   $ 5,637     $ 10,845     $ 10,569     $ 13,237     $ 12,731  
    PER SHARE                    
    Earnings   $ 1.26     $ 2.45     $ 2.39     $ 2.86     $ 2.73  
    Dividends   $ 0.33     $ 0.3     $ 0.27     $ 0.24     $ 0.225  
    Tangible book value(1)   $ 30.51     $ 27.64     $ 25.22     $ 26.53     $ 23.50  
    Quoted market value                    
    High   $ 40.00     $ 24.10     $ 29.25     $ 27.40     $ 26.00  
    Low   $ 22.16     $ 18.70     $ 23.00     $ 21.90     $ 12.55  
    Close(1)   $ 39.07     $ 23.74     $ 23.00     $ 25.75     $ 16.93  
    PERFORMANCE RATIOS                    
    Return on average assets     0.42 %     0.85 %     0.95 %     1.36 %     1.45 %
    Return on average shareholders’ equity     5.27 %     11.15 %     11.71 %     14.55 %     15.79 %
    Return on average tangible shareholders’ equity     5.64 %     12.03 %     12.75 %     15.00 %     16.40 %
    Efficiency ratio     79.33 %     70.43 %     66.66 %     62.98 %     53.68 %
    Yield on average earning assets (FTE)     5.17 %     4.84 %     3.99 %     3.83 %     4.12 %
    Rate on interest bearing liabilities     3.20 %     2.35 %     0.49 %     0.37 %     0.93 %
    Net interest margin to average earning assets (FTE)     2.86 %     3.23 %     3.69 %     3.60 %     3.52 %
    BALANCE SHEET DATA(1)                    
    Total investment securities   $ 99,724     $ 109,543     $ 129,886     $ 138,476     $ 78,179  
    Gross loans   $ 1,442,389     $ 1,483,720     $ 1,350,851     $ 1,015,177     $ 1,060,885  
    Allowance for credit losses   $ 14,700     $ 15,400     $ 12,200     $ 10,500     $ 10,100  
    Total assets   $ 1,807,370     $ 1,744,939     $ 1,588,592     $ 1,329,300     $ 1,284,845  
    Total deposits   $ 1,470,586     $ 1,401,797     $ 1,345,209     $ 1,144,291     $ 1,061,470  
    Borrowed funds   $ 179,970     $ 201,050     $ 116,600     $ 50,000     $ 96,217  
    Total shareholders’ equity   $ 146,398     $ 132,902     $ 121,630     $ 124,809     $ 114,081  
    Net loans to total deposits     97.08 %     104.75 %     99.51 %     87.80 %     98.99 %
    Common shares outstanding     4,495,005       4,466,221       4,434,937       4,569,935       4,691,142  
    YTD BALANCE SHEET AVERAGES                    
    Total assets   $ 1,777,188     $ 1,710,941     $ 1,485,489     $ 1,297,657     $ 1,171,415  
    Earning assets   $ 1,687,249     $ 1,620,015     $ 1,391,179     $ 1,230,553     $ 1,116,861  
    Interest bearing liabilities   $ 1,215,731     $ 1,111,687     $ 858,600     $ 748,472     $ 711,449  
    Total shareholders’ equity   $ 142,796     $ 130,068     $ 120,704     $ 121,659     $ 107,711  
    Total tangible shareholders’ equity   $ 133,470     $ 120,482     $ 110,792     $ 117,991     $ 103,712  
    Earned common shares outstanding     4,459,303       4,428,963       4,425,818       4,630,709       4,665,951  
    Unvested stock grants     28,274       28,530       25,462       21,088       13,966  
    Total common shares outstanding     4,487,577       4,457,493       4,451,280       4,651,797       4,679,917  
    ASSET QUALITY                    
    Nonperforming loans to gross loans (1)     0.71 %     0.24 %     0.12 %     0.82 %     0.07 %
    Nonperforming assets to total assets (1)     0.58 %     0.23 %     0.12 %     0.63 %     0.06 %
    Allowance for credit losses to gross loans (1)     1.02 %     1.04 %     0.90 %     1.03 %     0.95 %
    Net charge-offs (recoveries) to YTD average gross loans     0.18 %   (0.03)%     0.05 %     0.02 %     0.03 %
    Credit loss expense (reversal) to YTD average gross loans     0.13 %     0.01 %     0.19 %   (0.02)%     0.44 %
    CAPITAL RATIOS(1)                    
    Total capital to risk weighted assets     12.48 %     11.59 %     10.96 %     13.63 %     15.57 %
    Tier 1 capital to risk weighted assets     11.42 %     10.51 %     10.07 %     12.64 %     14.40 %
    CET1 capital to risk weighted assets     10.40 %     9.53 %     9.04 %     11.33 %     12.77 %
    Tier 1 leverage ratio     8.78 %     8.58 %     8.91 %     10.21 %     9.86 %
                         
    (1)At end of period                    

    Income Statement Breakdown and Analysis

        Quarter to Date
        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Net income   $ 867     $ 1,980     $ 2,790     $ 3,784     $ 3,775  
    Acquisition related items (net of tax)                    
    Other acquisition related expenses     753       —       —       —       —  
    Amortization of core deposit intangibles     35       34       36       60       60  
    Total acquisition related items (net of tax)     788       34       36       60       60  
    Other nonrecurring items (net of tax)                    
    Proxy contest related expenses     —       —       —       —       —  
    Prepayment penalties collected     (24 )     (40 )     (58 )     (85 )     (29 )
    Total other nonrecurring items (net of tax)     (24 )     (40 )     (58 )     (85 )     (29 )
    Adjusted net income from operations   $ 1,631     $ 1,974     $ 2,768     $ 3,759     $ 3,806  
                         
    Net interest income   $ 11,992     $ 11,837     $ 12,226     $ 12,507     $ 12,659  
    Prepayment penalties collected     (31 )     (51 )     (73 )     (107 )     (37 )
    Adjusted net interest income   $ 11,961     $ 11,786     $ 12,153     $ 12,400     $ 12,622  
                         
    PERFORMANCE RATIOS                    
    Based on adjusted net income from operations                    
    Earnings per share   $ 0.37     $ 0.44     $ 0.62     $ 0.85     $ 0.86  
    Return on average assets     0.36 %     0.45 %     0.63 %     0.86 %     0.87 %
    Return on average shareholders’ equity     4.47 %     5.57 %     7.92 %     11.03 %     11.37 %
    Return on average tangible shareholders’ equity     4.77 %     5.96 %     8.49 %     11.86 %     12.24 %
    Efficiency ratio     77.45 %     77.15 %     76.65 %     69.06 %     70.31 %
                         
    Based on adjusted net interest income                    
    Yield on average earning assets (FTE)     5.16 %     5.17 %     5.13 %     5.03 %     4.91 %
    Rate on interest bearing liabilities     3.28 %     3.22 %     3.11 %     2.90 %     2.66 %
    Net interest margin to average earning assets (FTE)     2.79 %     2.84 %     2.90 %     2.98 %     3.04 %
                         
        Year to Date September 30   Variance
          2024       2023     Amount   %
    Net income   $ 5,637     $ 10,845     $ (5,208 )   (48.02)%
    Acquisition related items (net of tax)                
    Other acquisition related expenses     753       —       753     N/M
    Amortization of core deposit intangibles     105       180       (75 )   (41.67)%
    Total acquisition related items (net of tax)     858       180       678     376.67 %
    Other nonrecurring items (net of tax)                
    Proxy contest related expenses     —       413       (413 )   (100.00)%
    Prepayment penalties collected     (122 )     (133 )     11     (8.27)%
    Total other nonrecurring items (net of tax)     (122 )     280       (402 )   (143.57)%
    Adjusted net income from operations   $ 6,373     $ 11,305     $ (4,932 )   (43.63)%
                     
    Net interest income   $ 36,055     $ 39,087     $ (3,032 )   (7.76)%
    Prepayment penalties collected     (155 )     (169 )     14     (8.28)%
    Adjusted net interest income   $ 35,900     $ 38,918     $ (3,018 )   (7.75)%
                     
    PERFORMANCE RATIOS                
    Based on adjusted net income from operations                
    Earnings per share   $ 1.43     $ 2.55     $ (1.12 )   (43.92)%
    Return on average assets     0.48 %     0.88 %       (0.40)%
    Return on average shareholders’ equity     5.96 %     11.62 %       (5.66)%
    Return on average tangible shareholders’ equity     6.38 %     12.55 %       (6.17)%
    Efficiency ratio     77.08 %     69.06 %       8.02 %
                     
    Based on adjusted net interest income                
    Yield on average earning assets (FTE)     5.16 %     4.83 %       0.33 %
    Rate on interest bearing liabilities     3.20 %     2.35 %       0.85 %
    Net interest margin to average earning assets (FTE)     2.85 %     3.22 %       (0.37)%
                     

    Average Balances, Interest Rate, and Net Interest Income

    The following tables present the daily average amount outstanding for each major category of interest earning assets, nonearning assets, interest bearing liabilities, and noninterest bearing liabilities. These tables also present an analysis of interest income and interest expense for the periods indicated. All interest income is reported on a FTE basis using a federal income tax rate of 21%. Loans in nonaccrual status, for the purpose of the following computations, are included in the average loan balances.

    Net interest income is the amount by which interest income on earning assets exceeds the interest expenses on interest bearing liabilities. Net interest income, which includes loan fees, is influenced by changes in the balance and mix of assets and liabilities and market interest rates. We exert some control over these factors; however, FRB monetary policy and competition have a significant impact. For analytical purposes, net interest income is adjusted to a FTE basis by adding the income tax savings from interest on tax exempt loans, and nontaxable investment securities, thus making period-to-period comparisons more meaningful.

        Three Months Ended
        September 30, 2024   June 30, 2024   September 30, 2023
        Average Balance   Tax Equivalent Interest   Average Yield / Rate   Average Balance   Tax Equivalent Interest   Average Yield / Rate   Average Balance   Tax Equivalent Interest   Average Yield / Rate
    Interest earning assets                                    
    Total loans   $ 1,450,371     $ 19,599   5.38 %   $ 1,462,362     $ 19,550   5.38 %   $ 1,477,343     $ 19,170   5.15 %
    Taxable investment securities     89,175       335   1.49 %     89,751       350   1.57 %     101,549       397   1.55 %
    Nontaxable investment securities     10,580       57   2.14 %     11,059       62   2.25 %     12,670       70   2.19 %
    Interest earning cash and cash equivalents     148,872       2,023   5.41 %     97,511       1,331   5.49 %     43,865       594   5.37 %
    Federal Home Loan Bank stock     9,179       192   8.32 %     9,179       207   9.07 %     11,421       199   6.91 %
    Total earning assets     1,708,177       22,206   5.17 %     1,669,862       21,500   5.18 %     1,646,848       20,430   4.92 %
                                         
    Nonearning assets                                    
    Allowance for credit losses     (15,282 )             (15,300 )             (15,503 )        
    Premises and equipment, net     13,514               13,964               15,210          
    Accrued income and other assets     90,898               94,125               92,955          
    Total assets   $ 1,797,307             $ 1,762,651             $ 1,739,510          
                                         
    Interest bearing liabilities                                    
    Interest bearing demand deposits   $ 460,256     $ 4,054   3.50 %   $ 429,141     $ 3,745   3.51 %   $ 416,500     $ 3,230   3.08 %
    Savings deposits     261,620       416   0.63 %     266,731       408   0.62 %     290,939       429   0.59 %
    Time deposits     336,570       3,865   4.57 %     330,024       3,756   4.58 %     248,389       2,280   3.64 %
    Borrowed funds     179,219       1,867   4.14 %     178,474       1,741   3.92 %     201,007       1,818   3.59 %
    Total interest bearing liabilities     1,237,665       10,202   3.28 %     1,204,370       9,650   3.22 %     1,156,835       7,757   2.66 %
                                         
    Noninterest bearing liabilities                                    
    Noninterest bearing deposits     402,274               405,985               435,398          
    Accrued interest and other liabilities     12,128               9,719               14,417          
    Shareholders’ equity     145,240               142,577               132,860          
    Total liabilities and shareholders’ equity   $ 1,797,307             $ 1,762,651             $ 1,739,510          
    Net interest income (FTE)       $ 12,004           $ 11,850           $ 12,673    
    Net interest margin to earning assets (FTE)           2.80 %           2.85 %           3.05 %
                                         
        Nine Months Ended
        September 30, 2024   September 30, 2023
        Average Balance   Tax Equivalent Interest   Average Yield / Rate   Average Balance   Tax Equivalent Interest   Average Yield / Rate
    Interest earning assets                        
    Total loans   $ 1,461,289     $ 58,758   5.37 %   $ 1,464,959     $ 55,749   5.09 %
    Taxable investment securities     91,041       1,044   1.53 %     106,158       1,250   1.57 %
    Nontaxable investment securities     11,200       186   2.22 %     13,403       227   2.26 %
    Interest earning cash and cash equivalents     114,540       4,673   5.45 %     24,484       955   5.21 %
    Federal Home Loan Bank stock     9,179       600   8.73 %     11,011       515   6.25 %
    Total earning assets     1,687,249       65,261   5.17 %     1,620,015       58,696   4.84 %
                             
    Nonearning assets                        
    Allowance for credit losses     (15,328 )             (15,290 )        
    Premises and equipment, net     13,957               15,342          
    Accrued income and other assets     91,310               90,874          
    Total assets   $ 1,777,188             $ 1,710,941          
                             
    Interest bearing liabilities                        
    Interest bearing demand deposits   $ 436,997     $ 11,358   3.47 %   $ 385,316     $ 7,927   2.75 %
    Savings deposits     266,883       1,237   0.62 %     312,762       1,336   0.57 %
    Time deposits     331,113       11,265   4.54 %     196,838       4,595   3.12 %
    Borrowed funds     180,738       5,307   3.92 %     216,771       5,703   3.52 %
    Total interest bearing liabilities     1,215,731       29,167   3.20 %     1,111,687       19,561   2.35 %
                             
    Noninterest bearing liabilities                        
    Noninterest bearing deposits     408,449               455,069          
    Accrued interest and other liabilities     10,212               14,117          
    Shareholders’ equity     142,796               130,068          
    Total liabilities and shareholders’ equity   $ 1,777,188             $ 1,710,941          
    Net interest income (FTE)       $ 36,094           $ 39,135    
    Net interest margin to earning assets (FTE)           2.86 %           3.23 %
                             

    Volume and Rate Variance Analysis

    The following table sets forth the effect of volume and rate changes on interest income and expense for the periods indicated. For the purpose of this table, changes in interest due to volume and rate were determined as follows:

    Volume – change in volume multiplied by the previous period’s rate.
    Rate – change in the FTE rate multiplied by the previous period’s volume.

    The change in interest due to both volume and rate has been allocated to volume and rate changes in proportion to the relationship of the absolute dollar amounts of the change in each.

        Three Months Ended   Three Months Ended   Nine Months Ended
        September 30, 2024   September 30, 2024   September 30, 2024
        Compared To   Compared To   Compared To
        June 30, 2024   September 30, 2023   September 30, 2023
        Increase (Decrease) Due to   Increase (Decrease) Due to   Increase (Decrease) Due to
        Volume   Rate   Net   Volume   Rate   Net   Volume   Rate   Net
    Changes in interest income                                    
    Total loans   $ 49     $ —     $ 49     $ (1,847 )   $ 2,276     $ 429     $ (227 )   $ 3,236     $ 3,009  
    Taxable investment securities     (2 )     (13 )     (15 )     (47 )     (15 )     (62 )     (175 )     (31 )     (206 )
    Nontaxable investment securities     (2 )     (3 )     (5 )     (12 )     (1 )     (13 )     (37 )     (4 )     (41 )
    Interest earning cash and cash equivalents     825       (133 )     692       1,424       5       1,429       3,672       46       3,718  
    Federal Home Loan Bank stock     —       (15 )     (15 )     (161 )     154       (7 )     (137 )     222       85  
    Total changes in interest income     870       (164 )     706       (643 )     2,419       1,776       3,096       3,469       6,565  
                                         
    Changes in interest expense                                    
    Interest bearing demand deposits     380       (71 )     309       359       465       824       1,162       2,269       3,431  
    Savings deposits     (25 )     33       8       (147 )     134       (13 )     (258 )     159       (99 )
    Time deposits     158       (49 )     109       922       663       1,585       4,001       2,669       6,670  
    Borrowed funds     9       117       126       (896 )     945       49       (1,265 )     869       (396 )
    Total changes in interest expense     522       30       552       238       2,207       2,445       3,640       5,966       9,606  
    Net change in net interest income (FTE)   $ 348     $ (194 )   $ 154     $ (881 )   $ 212     $ (669 )   $ (544 )   $ (2,497 )   $ (3,041 )
                                         
        Average Yield/Rate for the Three Months Ended
        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Total earning assets   5.17 %   5.18 %   5.15 %   5.06 %   4.92 %
    Total interest bearing liabilities   3.28 %   3.22 %   3.11 %   2.90 %   2.66 %
    Net interest margin to earning assets (FTE)   2.80 %   2.85 %   2.92 %   3.01 %   3.05 %
                         
        Quarter to Date Net Interest Income (FTE)
        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Interest income   $ 22,194     $ 21,487     $ 21,541   $ 21,033     $ 20,416  
    FTE adjustment     12       13       14     14       14  
    Total interest income (FTE)     22,206       21,500       21,555     21,047       20,430  
    Total interest expense     10,202       9,650       9,315     8,526       7,757  
    Net interest income (FTE)   $ 12,004     $ 11,850     $ 12,240   $ 12,521     $ 12,673  
                         

    Noninterest Income

        Three Months Ended
        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Service charges and fees                    
    Trust and investment services     619       607       641       433       572  
    ATM and debit card     541       545       512       549       568  
    Service charges on deposit accounts     163       162       140       211       244  
    Total     1,323       1,314       1,293       1,193       1,384  
    Net gain on sales of residential mortgage loans     211       177       143       96       164  
    Net gain on sales of commercial loans     133       98       296       226       —  
    Change in fair value of equity investments     33       (3 )     (10 )     42       (28 )
    Changes in the fair value of MSR     (175 )     (44 )     (96 )     (108 )     119  
    Other                    
    Mortgage servicing fees     389       386       394       398       398  
    Change in cash surrender value of corporate owned life insurance     206       207       204       192       181  
    Other     90       179       131       106       120  
    Total     685       772       729       696       699  
    Total noninterest income   $ 2,210     $ 2,314     $ 2,355     $ 2,145     $ 2,338  
                         
    Memo items:                    
    Residential mortgage operations   $ 425     $ 519     $ 441     $ 386     $ 681  
        Nine Months Ended September 30   Variance
          2024       2023     Amount   %
    Service charges and fees                
    Trust and investment services   $ 1,867     $ 1,704     $ 163     9.57 %
    ATM and debit card     1,598       1,669       (71 )   (4.25)%
    Service charges on deposit accounts     465       686       (221 )   (32.22)%
    Total     3,930       4,059       (129 )   (3.18)%
    Net gain on sales of residential mortgage loans     531       523       8     1.53 %
    Net gain on sales of commercial loans     527       95       432     454.74 %
    Change in fair value of equity investments     20       (29 )     49     (168.97)%
    Changes in the fair value of MSR     (315 )     218       (533 )   (244.50)%
    Other                
    Mortgage servicing fees     1,169       1,210       (41 )   (3.39)%
    Change in cash surrender value of corporate owned life insurance     617       531       86     16.20 %
    Other     400       519       (119 )   (22.93)%
    Total     2,186       2,260       (74 )   (3.27)%
    Total noninterest income   $ 6,879     $ 7,126     $ (247 )   (3.47)%
                     
    Memo items:                
    Residential mortgage operations   $ 1,385     $ 1,951     $ (566 )   (29.01)%
                     

    Residential Mortgage Operations

    Residential mortgage operations includes net gains on sales of loans, changes in the fair value of mortgage servicing rights, and mortgage servicing fees.

    Net gain on sales of residential mortgage loans represents the income earned on the sale of residential mortgage loans into the secondary market. Although elevated interest rates and limited inventories have significantly driven down the volume of new originations and refinancing activity, we continue to actively sell residential mortgage loans into the secondary market. During the third quarter of 2024, residential mortgage originations sold into the secondary market totaled $10,722.

    Changes in the fair value of MSR are highly correlated to changes in interest rates and prepayment speeds. During the third quarter of 2024, the fair value of the servicing portfolio decreased primarily due to a decline in the size of the servicing portfolio, as the portfolio declined by $4,741. Mortgage servicing rights are expected to continue to decline due to likely further reductions in the size of our servicing portfolio as paydowns and maturities are expected to outpace new originations.

    Mortgage servicing fees includes the fees earned for servicing loans that have been sold into the secondary market. The annual decrease in mortgage servicing fees is directly related to the size of the serviced portfolio. Due to reduced levels of secondary market originations and prepayments, the serviced loan portfolio declined by $22,584, or 3.58%, since September 30, 2023. We expect mortgage servicing fees to trend modestly downward in future periods due to decreased secondary market originations.

    All Other Noninterest Income

    Trust and investment services includes income earned from contracts with customers to manage assets for investment and/or to transact on their accounts through the wealth management and trust department. Trust services and wealth management fees are subject to market fluctuations and interest rate changes. We expect trust and investment services fees to modestly increase in future periods.

    ATM and debit card income represents fees earned on ATM and debit card transactions. We expect these fees to approximate current levels in 2024.

    Service charges on deposit accounts includes fees earned from deposit customers for transaction-based charges, account maintenance and overdraft services. These charges have declined in 2024 due to a reduced level of NSF fees charged to customers based on regulatory guidance and overall industry trends. Service charges on deposit accounts are expected to approximate current levels throughout the remainder of the year.

    Net gain on sales of commercial loans represents the income earned from the sale of commercial loans into the secondary market. Throughout 2024, we sold the guaranteed portion of select SBA loans. We anticipate this strategy to continue throughout the remainder of the year.

    Change in cash surrender value of corporate owned life insurance is expected to modestly increase throughout 2024.

    Other includes miscellaneous other income items, none of which are individually significant.

    Noninterest Expenses

        Three Months Ended
        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Compensation and benefits   $ 5,839   $ 5,842   $ 6,066   $ 5,521   $ 5,592
    Professional services     799     963     894     695     726
    Furniture and equipment     668     689     727     696     668
    Occupancy     622     605     623     610     591
    Data processing     751     490     547     505     576
    Loan and collection     349     425     322     301     232
    Advertising and promotional     312     337     348     139     506
    Other                    
    Acquisition related expenses     953     —     —     —     —
    FDIC insurance premiums     275     327     299     270     330
    ATM and debit card     214     188     171     158     153
    Telephone and communication     95     86     109     103     115
    Amortization of core deposit intangibles     44     44     45     76     75
    Other general and administrative     1,053     925     1,015     1,047     1,030
    Total     2,634     1,570     1,639     1,654     1,703
    Total noninterest expenses   $ 11,974   $ 10,921   $ 11,166   $ 10,121   $ 10,594
                         
        Nine Months Ended
    September 30    		   Variance
          2024     2023   Amount   %
    Compensation and benefits   $ 17,747   $ 16,876   $ 871     5.16 %
    Professional services     2,656     2,729     (73 )   (2.67)%
    Furniture and equipment     2,084     2,079     5     0.24 %
    Occupancy     1,850     1,815     35     1.93 %
    Data processing     1,788     1,654     134     8.10 %
    Loan and collection     1,096     929     167     17.98 %
    Advertising and promotional     997     1,466     (469 )   (31.99)%
    Other                
    Acquisition related expenses     953     —     953     N/M
    FDIC insurance premiums     901     861     40     4.65 %
    ATM and debit card     573     493     80     16.23 %
    Telephone and communication     290     334     (44 )   (13.17)%
    Amortization of core deposit intangibles     133     227     (94 )   (41.41)%
    Other general and administrative     2,993     3,084     (91 )   (2.95)%
    Total     5,843     4,999     844     16.88 %
    Total noninterest expenses   $ 34,061   $ 32,547   $ 1,514     4.65 %
                     

    Compensation and benefits includes salaries, commissions and incentives, employee benefits, and payroll taxes. Compensation and benefits has increased in 2024 due to an increase in the size of the organization, merit increases, and market based adjustments. We expect a modest increase in overall compensation and benefits throughout the remainder of 2024.

    Professional services include expenses relating to third-party professional services. These services include, but are not limited to, regulatory, auditing, consulting, and legal. Professional services expenses are expected to approximate current levels in future periods.

    Furniture and equipment and occupancy expenses primarily consist of depreciation, repairs and maintenance, certain service contracts, and other related items. These expenses are expected to approximate current levels throughout the remainder of 2024.

    Data processing primarily includes the expenses relating to our core data processor. The increase in data processing in the third quarter of 2024 is primarily due to the loss of incentive credits from our core data processor following our proposed merger announcement. Data processing expenses are expected to modestly increase throughout 2024 due to annual contractual increases from our core data processor.

    Loan and collection includes expenses related to the origination and collection of loans. The increase in such expenses in 2024 is due to increased levels of home ownership grants. Loan and collection expenses are expected to approximate current levels in future periods as loan growth is expected to approximate current levels.

    Advertising and promotional expenses includes media costs and any donations or sponsorships. These expenses also include marketing efforts to attract new and expand existing customer loan and deposit account relationships. Total advertising and promotional expenses have declined in 2024 due to the expiration of certain long-term sponsorship commitments. Advertising and promotional expenses are expected to approximate current levels in future periods.

    Acquisition related expenses includes expenses related to our proposed merger with ChoiceOne Financial Services, Inc., which was announced during the third quarter of 2024. These expenses include services rendered for investment banking, legal and accounting. We expect to incur additional acquisition related expenses in future periods.

    FDIC insurance premiums typically fluctuate each period based on the size of the balance sheet, capital position and overall risk profile. FDIC insurance premiums are expected to approximate current levels in future periods.

    ATM and debit card expenses fluctuate based on customer and non-customer utilization of ATMs and customer debit card volumes. We expect these fees to approximate current levels in future periods.

    Telephone and communication includes expenses relating to our communication systems. These expenses are expected to approximate current levels in future periods.

    Amortization of core deposit intangibles relates to the core deposits acquired from Community Bancorp, Inc. on December 31, 2016 and FSB on December 1, 2021. These core deposit intangibles are being amortized using an accelerated sum-of-years-digits method over their estimated useful lives of seven years. The core deposit intangibles associated with the acquisition of Community Bancorp, Inc. were fully amortized as of December 31, 2023. The core deposit intangibles associated with the acquisition of FSB will be amortized through 2028.

    Other general and administrative includes miscellaneous other expense items. Other general and administrative expenses are expected to approximate current levels in future periods.

    Balance Sheet Breakdown and Analysis

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    ASSETS                    
    Cash and due from banks   $ 199,717   $ 128,590   $ 132,349   $ 90,661   $ 83,365
    Total investment securities     99,724     100,167     103,210     107,615     109,543
    Residential mortgage loans held-for-sale, at fair value     1,861     2,440     1,067     747     1,037
    Gross loans     1,442,389     1,459,929     1,461,465     1,473,471     1,483,720
    Less allowance for credit losses     14,700     15,300     15,300     15,400     15,400
    Net loans     1,427,689     1,444,629     1,446,165     1,458,071     1,468,320
    All other assets     78,379     80,803     81,838     81,858     82,674
    Total assets   $ 1,807,370   $ 1,756,629   $ 1,764,629   $ 1,738,952   $ 1,744,939
                         
    LIABILITIES AND SHAREHOLDERS’ EQUITY                    
    Total deposits   $ 1,470,586   $ 1,427,059   $ 1,438,408   $ 1,394,182   $ 1,401,797
    Total borrowed funds     179,970     178,397     178,500     198,500     201,050
    Accrued interest payable and other liabilities     10,416     7,872     6,647     7,568     9,190
    Total liabilities     1,660,972     1,613,328     1,623,555     1,600,250     1,612,037
    Total shareholders’ equity     146,398     143,301     141,074     138,702     132,902
    Total liabilities and shareholders’ equity   $ 1,807,370   $ 1,756,629   $ 1,764,629   $ 1,738,952   $ 1,744,939
                         
        9/30/2024 vs 6/30/2024   9/30/2024 vs 9/30/2023
        Variance   Variance
        Amount   %   Amount   %
    ASSETS                
    Cash and due from banks   $ 71,127     55.31 %   $ 116,352     139.57 %
    Total investment securities     (443 )   (0.44)%     (9,819 )   (8.96)%
    Residential mortgage loans held-for-sale, at fair value     (579 )   (23.73)%     824     79.46 %
    Gross loans     (17,540 )   (1.20)%     (41,331 )   (2.79)%
    Less allowance for credit losses     (600 )   (3.92)%     (700 )   (4.55)%
    Net loans     (16,940 )   (1.17)%     (40,631 )   (2.77)%
    All other assets     (2,424 )   (3.00)%     (4,295 )   (5.20)%
    Total assets   $ 50,741     2.89 %   $ 62,431     3.58 %
                     
    LIABILITIES AND SHAREHOLDERS’ EQUITY                
    Total deposits   $ 43,527     3.05 %   $ 68,789     4.91 %
    Total borrowed funds     1,573     0.88 %     (21,080 )   (10.48)%
    Accrued interest payable and other liabilities     2,544     32.32 %     1,226     13.34 %
    Total liabilities     47,644     2.95 %     48,935     3.04 %
    Total shareholders’ equity     3,097     2.16 %     13,496     10.15 %
    Total liabilities and shareholders’ equity   $ 50,741     2.89 %   $ 62,431     3.58 %
                     

    Cash and due from banks

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Cash and due from banks                    
    Noninterest bearing   $ 37,871   $ 35,437     $ 26,128   $ 29,997   $ 35,121  
    Interest bearing     161,846     93,153       106,221     60,664     48,244  
    Total   $ 199,717   $ 128,590     $ 132,349   $ 90,661   $ 83,365  
                         
        9/30/2024 vs 6/30/2024       9/30/2024 vs 9/30/2023
        Variance       Variance
        Amount   %       Amount   %
    Cash and due from banks                    
    Noninterest bearing   $ 2,434     6.87 %       $ 2,750     7.83 %
    Interest bearing     68,693     73.74 %         113,602     235.47 %
    Total   $ 71,127     55.31 %       $ 116,352     139.57 %
                         

    Cash and due from banks fluctuates from period to period based on loan demand and variances in deposit account balances.

    Primary and secondary liquidity sources

    The following table outlines our primary and secondary sources of liquidity as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Cash and cash equivalents   $ 199,717   $ 128,590   $ 132,349   $ 90,661   $ 83,365
    Fair value of unpledged investment securities     77,019     74,775     73,680     80,247     82,103
    FHLB borrowing availability     190,000     190,000     190,000     170,000     170,000
    Unsecured lines of credit     23,000     23,000     23,000     20,000     20,000
    Funds available through the Fed Discount Window     109     106     107     111     110
    Parent company line of credit     5,100     7,000     3,500     3,500     950
    Total liquidity sources   $ 494,945   $ 423,471   $ 422,636   $ 364,519   $ 356,528
                         

    The increase in cash and cash equivalents as of September 30, 2024 was due to an increase in total deposits (see “Total deposits” below).

    In addition to the above liquidity sources, we also have the option of utilizing wholesale funding sources, such as brokered NOW accounts, brokered time deposits, and internet time deposits. Although wholesale funding sources are typically more expensive than core deposits and other liquidity sources, they are an integral part of our overall asset and liability management strategy.

    Investment securities

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Available-for-sale                    
    U.S. Government and federal agency   $ 19,432     $ 20,430     $ 20,427     $ 22,425     $ 23,420  
    State and municipal     18,997       19,108       20,403       20,460       20,992  
    Mortgage backed residential     44,086       45,808       47,505       49,076       50,786  
    Certificates of deposit     2,234       2,481       2,729       2,728       3,956  
    Collateralized mortgage obligations – agencies     21,640       22,213       22,778       23,320       24,062  
    Unrealized gain/(loss) on available-for-sale securities     (8,798 )     (12,179 )     (13,027 )     (12,760 )     (15,958 )
    Total available-for-sale     97,591       97,861       100,815       105,249       107,258  
    Held-to-maturity state and municipal     535       791       877       878       879  
    Equity securities     1,598       1,515       1,518       1,488       1,406  
    Total investment securities   $ 99,724     $ 100,167     $ 103,210     $ 107,615     $ 109,543  
                         
        9/30/2024 vs 6/30/2024       9/30/2024 vs 9/30/2023
        Variance       Variance
        Amount   %       Amount   %
    Available-for-sale                    
    U.S. Government and federal agency     (998 )   (4.88)%       $ (3,988 )   (17.03)%
    State and municipal     (111 )   (0.58)%         (1,995 )   (9.50)%
    Mortgage backed residential     (1,722 )   (3.76)%         (6,700 )   (13.19)%
    Certificates of deposit     (247 )   (9.96)%         (1,722 )   (43.53)%
    Collateralized mortgage obligations – agencies     (573 )   (2.58)%         (2,422 )   (10.07)%
    Unrealized gain/(loss) on available-for-sale securities     3,381     (27.76)%         7,160     (44.87)%
    Total available-for-sale     (270 )   (0.28)%         (9,667 )   (9.01)%
    Held-to-maturity state and municipal     (256 )   (32.36)%         (344 )   (39.14)%
    Equity securities     83       5.48 %         192       13.66 %
    Total investment securities   $ (443 )   (0.44)%       $ (9,819 )   (8.96)%
                         

    The amortized cost and fair value of AFS investment securities as of September 30, 2024 were as follows:

        Maturing        
        Due in One Year or Less   After One Year But Within Five Years   After Five Years But Within Ten Years   After Ten Years   Securities with Variable Monthly Payments or Noncontractual Maturities   Total
    U.S. Government and federal agency   $ 6,481   $ 12,951   $ —   $ —   $ —   $ 19,432
    State and municipal     1,624     15,190     1,113     1,070     —     18,997
    Mortgage backed residential     —                 44,086     44,086
    Certificates of deposit     2,234     —     —     —     —     2,234
    Collateralized mortgage obligations – agencies     —     —     —     —     21,640     21,640
    Total amortized cost   $ 10,339   $ 28,141   $ 1,113   $ 1,070   $ 65,726   $ 106,389
    Fair value   $ 10,111   $ 26,620   $ 1,017   $ 1,001   $ 58,842   $ 97,591
                             

    The amortized cost and fair value of HTM investment securities as of September 30, 2024 were as follows:

        Maturing        
        Due in One Year or Less   After One Year But Within Five Years   After Five Years But Within Ten Years   After Ten Years   Securities with Variable Monthly Payments or Noncontractual Maturities   Total
    State and municipal   $ 85   $ 295   $ 155   $ —   $ —   $ 535
    Fair value   $ 84   $ 290   $ 152   $ —   $ —   $ 526
                             

    Total investment securities have declined in recent periods primarily due to maturities and prepayments. As a result of overall market conditions, we have not replenished maturing securities with new purchases.

    Residential mortgage loans held-for-sale, at fair value

    Loans HFS represent the fair value of loans that have been committed to be sold to the secondary market, but have not yet been delivered. The level of loans HFS fluctuates based on loan demand as well as the timing of loan deliveries to the secondary market.

    Loans and allowance for credit losses

    As outlined in the following tables, our loan portfolio has strategically declined throughout the past 12 months. As a result of current market conditions, we expect minimal loan growth throughout the remainder of 2024. Specifically, our commercial pipeline has declined significantly, and the requests that are being presented are lower dollar balances and often carry an SBA guarantee.

    The following tables outline the composition and changes in the loan portfolio as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Commercial and industrial   $ 109,188     $ 120,331     $ 114,772     $ 118,089     $ 125,330  
    Commercial real estate     855,270       864,200       867,270       870,693       874,870  
    Total commercial loans     964,458       984,531       982,042       988,782       1,000,200  
    Residential mortgage     419,140       418,403       426,762       431,836       431,740  
    Home equity     55,475       53,133       48,568       48,380       47,069  
    Total residential real estate loans     474,615       471,536       475,330       480,216       478,809  
    Consumer     3,316       3,862       4,093       4,473       4,711  
    Gross loans     1,442,389       1,459,929       1,461,465       1,473,471       1,483,720  
    Allowance for credit losses     (14,700 )     (15,300 )     (15,300 )     (15,400 )     (15,400 )
    Loans, net   $ 1,427,689     $ 1,444,629     $ 1,446,165     $ 1,458,071     $ 1,468,320  
                         
    Memo items:                    
    Residential mortgage loans serviced for others   $ 609,113     $ 613,854     $ 619,160     $ 624,765     $ 631,697  
                         
        9/30/2024 vs 6/30/2024       9/30/2024 vs 9/30/2023
        Variance       Variance
        Amount   %       Amount   %
    Commercial and industrial   $ (11,143 )   (9.26)%       $ (16,142 )   (12.88)%
    Commercial real estate     (8,930 )   (1.03)%         (19,600 )   (2.24)%
    Total commercial loans     (20,073 )   (2.04)%         (35,742 )   (3.57)%
    Residential mortgage     737       0.18 %         (12,600 )   (2.92)%
    Home equity     2,342       4.41 %         8,406       17.86 %
    Total residential real estate loans     3,079       0.65 %         (4,194 )   (0.88)%
    Consumer     (546 )   (14.14)%         (1,395 )   (29.61)%
    Gross loans     (17,540 )   (1.20)%         (41,331 )   (2.79)%
    Allowance for credit losses     600     (3.92)%         700     (4.55)%
    Loans, net   $ (16,940 )   (1.17)%       $ (40,631 )   (2.77)%
                         
    Memo items:                    
    Residential mortgage loans serviced for others   $ (4,741 )   (0.77)%       $ (22,584 )   (3.58)%
                         

    The following table presents historical loan balances by portfolio segment as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Loans collectively evaluated                    
    Commercial and industrial   $ 102,523   $ 113,254   $ 112,542   $ 115,665   $ 124,860
    Commercial real estate     854,038     864,026     867,270     870,524     874,701
    Residential mortgage     416,864     416,130     423,881     429,109     428,927
    Home equity     55,416     53,056     48,388     48,136     46,898
    Consumer     3,325     3,862     4,093     4,473     4,711
    Subtotal     1,432,166     1,450,328     1,456,174     1,467,907     1,480,097
    Loans individually evaluated                    
    Commercial and industrial     6,665     7,077     2,230     2,424     470
    Commercial real estate     1,232     174     —     169     169
    Residential mortgage     2,276     2,273     2,881     2,727     2,813
    Home equity     48     77     180     244     171
    Consumer     2     —     —     —     —
    Subtotal     10,223     9,601     5,291     5,564     3,623
    Gross Loans   $ 1,442,389   $ 1,459,929   $ 1,461,465   $ 1,473,471   $ 1,483,720
                         

    The following table presents historical allowance for credit losses allocations by portfolio segment as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Allowance for credit losses for collectively evaluated loans                    
    Commercial and industrial   $ 1,436   $ 1,434   $ 1,300   $ 1,407   $ 1,362
    Commercial real estate     8,347     8,903     8,359     8,467     8,703
    Residential mortgage     4,131     4,133     4,202     4,409     4,439
    Home equity     348     327     305     321     315
    Consumer     51     80     38     44     36
    Unallocated     —     —     670     355     294
    Subtotal     14,313     14,877     14,874     15,003     15,149
    Allowance for credit losses for individually evaluated loans                    
    Commercial and industrial     385     423     423     363     248
    Commercial real estate     —     —     —     —     —
    Residential mortgage     —     —     3     34     3
    Home equity     —     —     —     —     —
    Consumer     2     —     —     —     —
    Unallocated     —     —     —     —     —
    Subtotal     387     423     426     397     251
    Allowance for credit losses   $ 14,700   $ 15,300   $ 15,300   $ 15,400   $ 15,400
                         
    Commercial and industrial   $ 1,784   $ 1,857   $ 1,723   $ 1,770   $ 1,610
    Commercial real estate     8,347     8,903     8,359     8,467     8,703
    Residential mortgage     4,131     4,133     4,205     4,443     4,442
    Home equity     348     327     305     321     315
    Consumer     53     80     38     44     36
    Unallocated     —     —     670     355     294
    Allowance for credit losses   $ 14,700   $ 15,300   $ 15,300   $ 15,400   $ 15,400
                         

    Loan concentration analysis

    As a result of current economic conditions, there continues to be a heightened focus in the financial industry for non-owner occupied commercial real estate loans, most specifically retail and office space industries. While we continue to monitor various industries that have been impacted by the pandemic, we also continue to monitor the effects of inflation, supply chain disruption, elevated interest rates, and office space usage associated with an increased remote workforce. The overall credit quality indicators of non-owner occupied commercial real estate loan portfolio have remained strong. Performance is based on debt service coverage ratio, loan to value ratio and payment trends. As of September 30, 2024, there were no delinquencies in the non-owner occupied commercial real estate loan portfolio. We expect the non-owner occupied commercial real estate loan portfolio to experience insignificant growth, if any, in future periods.

    Within the net lease and retail strip center non-owner occupied commercial real estate pools, we have exposure to Rite Aid. During the fourth quarter of 2023, Rite Aid, which operates over 2,000 retail pharmacies across 17 states, filed for Chapter 11 bankruptcy protection. During the third quarter of 2024, Rite Aid announced that it successfully emerged from bankruptcy protection and will now operate as a private company. However, all Rite Aid stores in Michigan were closed as part of the company’s restructuring. As a result, one commercial real estate loan was partially charged off and its remaining balance was moved to nonaccrual status during the third quarter of 2024. We continue to actively monitor five remaining loans previously associated with Rite Aid.

    With the ongoing pressures on the office sector due to remote work capabilities and less required office space, we continue to monitor the office pool more closely for potential deterioration. It is not expected that there will be much, if any, impact on portfolio performance in this pool in the near future due to existing lease terms, tenant mix, office size, and strong underwriting at origination. Due to current economic uncertainty and the pressures noted above, it is unlikely that we will seek new loan originations in the non-owner occupied office pool in 2024.

    Below is a description of each industry pool within the non-owner occupied commercial real estate loan portfolio:

    Net lease: Loans in this pool represent national credit tenants (or franchisees of the same) or large regional tenants with excellent credit. These loans are typically single tenant net lease credits with strong debt service coverage ratios and lease terms that extend beyond the maturity of the loan.

    Retail strip centers: Loans in this pool represent loans collateralized by retail strip centers. The tenant base within this pool consists primarily of retail space whose average lease periods run between one and ten years. Larger strip centers are usually anchored by a national or regional tenant. Guarantors in this category typically have large liquid reserves.

    Office: Loans in this pool represent loans collateralized by non-owner occupied office buildings. The tenant base includes legal and other professional services whose average lease periods run from three to fifteen years.

    Special use: Loans in this pool represent loans collateralized by special use buildings, which include hotels, motels, assisted living and nursing homes that are not classified as construction or SBA loans.

    Industrial: Loans in this pool represent investment properties used for manufacturing and production.

    Medical office: Loans in this pool represent loans collateralized by non-owner occupied medical office buildings. The tenant base includes medical services whose average lease periods run from three to fifteen years.

    Self storage: Loans in this pool represent self storage buildings. Loan terms are generally five years or less and the lease terms of the units are typically on a month-to-month basis.

    Mixed use: Loans in this pool represent loans collateralized by mixed use real estate. The tenant base within this pool consists primarily of office-retail, office-residential or retail-residential space. The properties are most often purchased by individuals for investment purposes.

    Retail: Loans in this pool represent loans collateralized by single tenant retail buildings whose average lease periods run over five years.

    The following tables present the composition of current and historical non-owner occupied commercial real estate loans, based on loan collateral, by industry pool:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Net lease   $ 137,406     $ 141,064     $ 147,103   $ 149,056     $ 160,077  
    Retail strip centers     106,948       106,631       107,834     98,588       96,567  
    Office     61,897       62,237       61,657     61,822       62,959  
    Special use     71,307       71,006       58,278     58,710       57,612  
    Industrial     23,338       23,107       22,575     28,380       28,906  
    Medical office     24,551       24,818       25,380     25,842       28,591  
    Self storage     32,797       32,502       25,660     23,455       21,993  
    Mixed use     16,829       16,980       17,174     17,335       19,833  
    Retail     15,183       17,191       12,533     12,981       14,115  
                         
    Total non-owner occupied commercial real estate loans   $ 490,256     $ 495,536     $ 478,194   $ 476,169     $ 490,653  
                         
        9/30/2024 vs 6/30/2024       9/30/2024 vs 9/30/2023
        Variance       Variance
        Amount   %       Amount   %
    Net lease   $ (3,658 )   (2.59)%       $ (22,671 )   (14.16)%
    Retail strip centers     317       0.30 %         10,381       10.75 %
    Office     (340 )   (0.55)%         (1,062 )   (1.69)%
    Special use     301       0.42 %         13,695       23.77 %
    Industrial     231       1.00 %         (5,568 )   (19.26)%
    Medical office     (267 )   (1.08)%         (4,040 )   (14.13)%
    Self storage     295       0.91 %         10,804       49.12 %
    Mixed use     (151 )   (0.89)%         (3,004 )   (15.15)%
    Retail     (2,008 )   (11.68)%         1,068       7.57 %
                         
    Total non-owner occupied commercial real estate loans   $ (5,280 )   (1.07)%       $ (397 )   (0.08)%
                         

    The following table presents the average loan size of current and historical non-owner occupied commercial real estate loans, based on loan collateral, by industry pool:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Net lease   $ 1,383   $ 1,291   $ 1,311   $ 1,316   $ 1,300
    Retail strip centers     2,379     2,197     2,231     2,135     2,115
    Office     1,370     1,363     1,296     1,297     1,294
    Special use     2,612     2,546     2,064     2,079     2,134
    Industrial     933     925     941     1,092     1,072
    Medical office     1,116     1,128     1,103     1,078     1,145
    Self storage     1,923     1,926     1,509     1,380     1,692
    Mixed use     1,324     1,334     1,321     1,333     1,240
    Retail     407     513     447     461     429
                         
    Total non-owner occupied commercial real estate loans   $ 1,489   $ 1,448   $ 1,392   $ 1,379   $ 1,362
                         

    The following table presents current and historical non-owner occupied commercial real estate loans, based on loan collateral, by industry pool as a percentage of gross loans:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Net lease   9.53 %   9.66 %   10.07 %   10.12 %   10.79 %
    Retail strip centers   7.41 %   7.30 %   7.38 %   6.69 %   6.51 %
    Office   4.29 %   4.26 %   4.22 %   4.20 %   4.24 %
    Special use   4.94 %   4.86 %   3.99 %   3.98 %   3.88 %
    Industrial   1.62 %   1.58 %   1.54 %   1.93 %   1.95 %
    Medical office   1.70 %   1.70 %   1.74 %   1.75 %   1.93 %
    Self storage   2.27 %   2.23 %   1.76 %   1.59 %   1.48 %
    Mixed use   1.17 %   1.16 %   1.18 %   1.18 %   1.34 %
    Retail   1.05 %   1.18 %   0.86 %   0.88 %   0.95 %
                         
    Total non-owner occupied commercial real estate loans to gross loans   33.98 %   33.93 %   32.74 %   32.32 %   33.07 %
                         

    Asset quality

    The following table summarizes our current, past due, and nonaccrual loans as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Accruing interest                    
    Current   $ 1,428,014   $ 1,445,780   $ 1,451,432   $ 1,463,668   $ 1,477,386
    Past due 30-89 days     4,152     4,534     4,344     4,239     2,711
    Past due 90 days or more     —     14     398     —     —
    Total accruing interest     1,432,166     1,450,328     1,456,174     1,467,907     1,480,097
    Nonaccrual     10,223     9,601     5,291     5,564     3,623
    Total loans   $ 1,442,389   $ 1,459,929   $ 1,461,465   $ 1,473,471   $ 1,483,720
    Total loans past due and in nonaccrual status   $ 14,375   $ 14,149   $ 10,033   $ 9,803   $ 6,334
                         

    The following table summarizes the our nonperforming assets as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Nonaccrual loans   $ 10,223   $ 9,601   $ 5,291   $ 5,564   $ 3,623
    Accruing loans past due 90 days or more     —     14     398     —     —
    Total nonperforming loans     10,223     9,615     5,689     5,564     3,623
    Other real estate owned     293     293     345     597     345
    Total nonperforming assets   $ 10,516   $ 9,908   $ 6,034   $ 6,161   $ 3,968
                         

    The following table summarizes our charge-offs, recoveries and allowance for credit losses as of, and for the three-month periods ended:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Total charge-offs   $ 1,814   $ 814   $ 86     $ 110     $ 16  
    Total recoveries     11     18     29       300       455  
    Net charge-offs (recoveries)   $ 1,803   $ 796   $ 57     $ (190 )   $ (439 )
    Allowance for credit losses   $ 1,203   $ 796   $ (43 )   $ (190 )   $ (309 )
                         

    During the third quarter of 2024, we partially charged off one commercial real estate loan for $1,443 related to the Rite Aid bankruptcy filing. We believe that the credit characteristics are unique and are not an indication of softening in the remainder of our commercial loan portfolio.

    The following table summarizes the our primary asset quality measures as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Nonperforming loans to gross loans   0.71 %   0.66 %   0.39 %   0.38 %   0.24 %
    Nonperforming assets to total assets   0.58 %   0.56 %   0.34 %   0.35 %   0.23 %
    Allowance for credit losses to gross loans   1.02 %   1.05 %   1.05 %   1.05 %   1.04 %
    Net charge-offs (recoveries) to QTD average gross loans   0.12 %   0.05 %   — %   (0.01)%   (0.03)%
    Credit loss expense (reversal) to QTD average gross loans   0.08 %   0.05 %   — %   (0.01)%   (0.02)%
                         

    The following table summarizes the average loan size as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Commercial and industrial   $ 310   $ 343   $ 326   $ 334   $ 353
    Commercial real estate     901     906     900     905     896
    Total commercial loans     740     754     746     752     751
    Residential mortgage     235     234     234     236     234
    Home equity     58     56     53     53     52
    Total residential real estate loans     173     173     174     175     174
    Consumer     12     13     13     13     12
    Gross loans   $ 335   $ 337   $ 336   $ 337   $ 335
                         

    All other assets

    The following tables outline the composition and changes in other assets as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Premises and equipment, net   $ 13,203     $ 13,661     $ 14,111   $ 14,561     $ 14,928  
    Federal Home Loan Bank stock     9,179       9,179       9,179     9,179       9,179  
    Corporate owned life insurance     28,129       27,877       27,670     27,466       27,274  
    Mortgage servicing rights     8,461       8,636       8,680     8,776       8,884  
    Accrued interest receivable     4,354       4,747       4,869     4,472       4,485  
    Goodwill     8,853       8,853       8,853     8,853       8,853  
    Other assets                    
    Core deposit intangibles     400       444       488     533       609  
    Right-of-use assets     1,062       1,142       1,237     1,333       1,426  
    Other real estate owned     293       293       345     597       345  
    Other     4,445       5,971       6,406     6,088       6,691  
    Total     6,200       7,850       8,476     8,551       9,071  
    All other assets   $ 78,379     $ 80,803     $ 81,838   $ 81,858     $ 82,674  
                         
        9/30/2024 vs 6/30/2024       9/30/2024 vs 9/30/2023
        Variance       Variance
        Amount   %       Amount   %
    Premises and equipment, net   $ (458 )   (3.35)%       $ (1,725 )   (11.56)%
    Federal Home Loan Bank stock     —       — %         —       — %
    Corporate owned life insurance     252       0.90 %         855       3.13 %
    Mortgage servicing rights     (175 )   (2.03)%         (423 )   (4.76)%
    Accrued interest receivable     (393 )   (8.28)%         (131 )   (2.92)%
    Goodwill     —       — %         —       — %
    Other assets                    
    Core deposit intangibles     (44 )   (9.91)%         (209 )   (34.32)%
    Right-of-use assets     (80 )   (7.01)%         (364 )   (25.53)%
    Other real estate owned     —       — %         (52 )   (15.07)%
    Other     (1,526 )   (25.56)%         (2,246 )   (33.57)%
    Total     (1,650 )   (21.02)%         (2,871 )   (31.65)%
    All other assets   $ (2,424 )   (3.00)%       $ (4,295 )   (5.20)%
                         

    The annual decrease in premises and equipment was due to depreciation on our existing premises and equipment.

    Total deposits

    The following tables outline the composition and changes in the deposit portfolio as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Noninterest bearing demand   $ 398,338     $ 404,521     $ 401,518   $ 423,019     $ 425,820  
    Interest bearing                    
    Savings     264,337       262,538       274,922     273,302       293,310  
    Money market demand     250,715       230,304       229,584     223,827       225,138  
    NOW                    
    Retail NOW     202,030       205,383       203,614     178,892       198,271  
    Brokered NOW     —       —       —     —       —  
                         
    Total NOW Accounts     202,030       205,383       203,614     178,892       198,271  
    Time deposits                    
    Other time deposits     294,862       264,009       268,466     234,838       198,509  
    Brokered time deposits     60,304       60,304       60,304     60,304       60,251  
    Internet time deposits     —       —       —     —       498  
                         
    Total time deposits     355,166       324,313       328,770     295,142       259,258  
                         
    Total deposits   $ 1,470,586     $ 1,427,059     $ 1,438,408   $ 1,394,182     $ 1,401,797  
                         
        9/30/2024 vs 6/30/2024       9/30/2024 vs 9/30/2023
        Variance       Variance
        Amount   %       Amount   %
    Noninterest bearing demand   $ (6,183 )   (1.53)%       $ (27,482 )   (6.45)%
    Interest bearing                    
    Savings     1,799       0.69 %         (28,973 )   (9.88)%
    Money market demand     20,411       8.86 %         25,577       11.36 %
    NOW                    
    Retail NOW     (3,353 )   (1.63)%         3,759       1.90 %
    Brokered NOW     —       — %         —       — %
                         
    Total NOW Accounts     (3,353 )   (1.63)%         3,759       1.90 %
    Time deposits                    
    Other time deposits     30,853       11.69 %         96,353       48.54 %
    Brokered time deposits     —       — %         53       0.09 %
    Internet time deposits     —       — %         (498 )   (100.00)%
                         
    Total time deposits     30,853       9.51 %         95,908       36.99 %
                         
    Total deposits   $ 43,527       3.05 %       $ 68,789       4.91 %
                         

    Between March 2022 and July 2023, the FOMC raised its target federal funds rate 11 times, from a target range of 0.00-0.25% to 5.25-5.50%, or 525 basis points, in order to combat rising inflation. This rapid increase in interest rates led to significant competition amongst financial institutions for deposits. In September 2024, the FOMC lowered the target federal funds rate 50 basis points to a target range of 4.75-5.00%. Due to the overall uncertainty regarding potential rate changes in the future, customers have not sought out long-term funds, leading to a shift in demand to higher-yielding non-maturity deposit accounts as well as short-term time deposits.

    Total borrowed funds

    The following tables outline the composition and changes in borrowed funds as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Federal Home Loan Bank borrowings   $ 160,000   $ 160,000     $ 160,000   $ 180,000     $ 180,000  
    Subordinated debentures     14,000     14,000       14,000     14,000       14,000  
    Other borrowings     5,970     4,397       4,500     4,500       7,050  
    Total borrowed funds   $ 179,970   $ 178,397     $ 178,500   $ 198,500     $ 201,050  
                         
        9/30/2024 vs 6/30/2024       9/30/2024 vs 9/30/2023
        Variance       Variance
        Amount   %       Amount   %
    Federal Home Loan Bank borrowings   $ —     — %       $ (20,000 )   (11.11)%
    Subordinated debentures     —     — %         —       — %
    Other borrowings     1,573     35.77 %         (1,080 )   (15.32)%
    Total borrowed funds   $ 1,573     0.88 %       $ (21,080 )   (10.48)%
                         

    We utilize a mix of borrowed funds and organic deposit growth to fund loan demand. As loan growth has slowed in recent periods, our reliance on FHLB advances has declined.

    Wholesale funding sources

    Although we have been successful at growing market deposits, we utilize wholesale funding sources when necessary to fill gaps when asset growth outpaces deposit growth. Our wholesale funding sources include Federal Home Loan Bank borrowings, correspondent Fed Funds lines and brokered deposits. Although wholesale funding sources are typically more expensive than core deposits, they are an integral part of our funding.

    The following tables outline the composition and changes in wholesale funding sources as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Federal Home Loan Bank borrowings   $ 160,000   $ 160,000     $ 160,000   $ 180,000     $ 180,000  
    Subordinated debentures     14,000     14,000       14,000     14,000       14,000  
    Other borrowings     5,970     4,397       4,500     4,500       7,050  
    Brokered NOW accounts     —     —       —     —       —  
    Brokered time deposits     60,304     60,304       60,304     60,304       60,251  
    Internet time deposits     —     —       —     —       498  
    Total wholesale funds   $ 240,274   $ 238,701     $ 238,804   $ 258,804     $ 261,799  
                         
        9/30/2024 vs 6/30/2024       9/30/2024 vs 9/30/2023
        Variance       Variance
        Amount   %       Amount   %
    Federal Home Loan Bank borrowings   $ —     — %         (20,000 )   (11.11)%
    Subordinated debentures     —     — %         —       — %
    Other borrowings     1,573     35.77 %         (1,080 )   (15.32)%
    Brokered NOW accounts     —   N/A         —     N/A
    Brokered time deposits     —     — %         53       0.09 %
    Internet time deposits     —   N/A         (498 )   (100.00)%
    Total wholesale funds   $ 1,573     0.66 %       $ (21,525 )   (8.22)%
                         

    Accrued interest payable and other liabilities

    Accrued interest payable and other liabilities includes accrued interest payable, federal income taxes payable, deferred federal income taxes payable, and all other liabilities (none of which are individually significant).

    Total shareholders’ equity

    We are considered a “well-capitalized” institution, as our capital ratios exceed the minimum designated standards necessary in accordance with Basel III guidelines. As of September 30, 2024, the Bank’s total capital ratio was 12.78%, tier 1 capital ratio was 11.72%, and tier 1 leverage ratio was 9.02%. The minimum requirements to be considered well-capitalized are a total capital ratio of 10.00%, tier 1 capital ratio of 8.00%, and tier 1 leverage ratio of 5.00%. While we continue to be considered well-capitalized, we are focused on enhancing our capital ratios through earnings of the Bank as well as asset growth moderation strategies in 2024.

    The following tables outline the composition and changes in shareholders’ equity as of:

        9/30/2024   6/30/2024   3/31/2024   12/31/2023   9/30/2023
    Common stock   $ 74,826     $ 74,690     $ 74,555     $ 74,230     $ 74,118  
    Retained earnings     78,467       78,094       76,607       74,309       70,972  
    Accumulated other comprehensive (loss) income     (6,895 )     (9,483 )     (10,088 )     (9,837 )     (12,188 )
    Total shareholders’ equity   $ 146,398     $ 143,301     $ 141,074     $ 138,702     $ 132,902  
                         
        9/30/2024 vs 6/30/2024       9/30/2024 vs 9/30/2023
        Variance       Variance
        Amount   %       Amount   %
    Common stock   $ 136       0.18 %       $ 708       0.96 %
    Retained earnings     373       0.48 %         7,495       10.56 %
    Accumulated other comprehensive (loss) income     2,588     (27.29)%         5,293     (43.43)%
    Total shareholders’ equity   $ 3,097       2.16 %       $ 13,496       10.15 %
                         

    The Board of Directors has authorized the repurchase of up to $10,000 of common stock. As of September 30, 2024, we had $1,393 of common stock available to repurchase through the program. We did not execute any repurchases of our common stock during 2024.

    Stock Performance

    The following table compares the cumulative total shareholder return on our common stock for the year-to-date, 1 year, 3 year, and 5 year periods ended September 30, 2024. The National OTC Peer Group was developed by selecting all OTC traded bank holding companies with total assets between $1 billion and $3 billion as of 03/31/2024 that had a quoted stock price on Bloomberg. The Midwest / Great Lakes OTC Peer Group represents those institutions included in the National OTC Peer Group that are headquartered in Illinois, Indiana, Michigan, Ohio, Pennsylvania, and Wisconsin.

      # in Peer Group   YTD   1 Year   3 Year   5 Year
    Fentura Financial, Inc. (OTCQX:FETM)     45.40 %   67.28 %   59.12 %   100.80 %
                       
    National OTC Peers 43   (1.01)%   (3.49)%   2.11 %   8.44 %
    Fentura Ranking out of 44     1     1     4     4  
                       
    Midwest / Great Lakes OTC Peers 17   (1.97)%   (5.16)%   (1.63)%   1.35 %
    Fentura Ranking out of 18     1     1     1     1  
                       

    Abbreviations and Acronyms

    ABA: American Bankers Association FTE: Fully taxable equivalent
    ACH: Automated Clearing House GAAP: Generally Accepted Accounting Principles
    ACL: Allowance for credit losses HFS: Held-for-sale
    AFS: Available-for-sale HTM: Held-to-maturity
    AIR: Accrued interest receivable HFS: Held-for-sale
    AOCI: Accumulated other comprehensive income HTM: Held-to-maturity
    ARRC: Alternative Reference Rates Committee IRA: Individual retirement account
    ASC: Accounting Standards Codification ITM: Interactive Teller Machine
    ASU: Accounting Standards Update LIBOR: London Interbank Offered Rate
    ATM: Automated teller machine MSR: Mortgage servicing rights
    CDI: Core deposit intangible N/M: Not meaningful
    CET1: Common equity tier 1 NASDAQ: National Association of Securities Dealers Automated Quotations
    COLI: Corporate owned life insurance NOW: Negotiable order of withdrawal
    DRIP: Dividend Reinvestment Plan NSF: Non-sufficient funds
    EPS: Earnings Per Common Share OCI: Other comprehensive income
    ESOP: Employee Stock Ownership Plan OIS: Overnight Index Swap
    FASB: Financial Accounting Standards Board OREO: Other real estate owned
    FDIC: Federal Deposit Insurance Corporation OTTI: Other-than-temporary impairment
    FHLB: Federal Home Loan Bank QTD: Quarter-to-date
    FHLLC: Fentura Holdings LLC SAB: Staff Accounting Bulletin
    FHLMC: Federal Home Loan Mortgage Corporation SBA: U.S. Small Business Administration
    FNMA: Federal National Mortgage Association SEC: Securities and Exchange Commission
    FOMC: Federal Open Market Committee SERP: Supplemental Executive Retirement Plan
    FRB: Federal Reserve Bank SOFR: Secured Overnight Funding Rate
    FSB: Farmers State Bank of Munith TLM: Troubled loan modifications
       

    About Fentura Financial, Inc. and The State Bank

    Fentura Financial, Inc. is the holding company for The State Bank. It was formed in 1987 and is traded on the OTCQX exchange under the symbol FETM, and has been recognized as one of the Top 50 performing stocks on that exchange.

    The State Bank is a 5-Star Bauer Financial rated commercial, retail and trust bank headquartered in Fenton, Michigan. It currently operates 20 full-service offices and one loan production center serving Bay, Genesee, Ingham, Jackson, Livingston, Oakland, Saginaw, and Shiawassee counties. The State Bank believes in the potential of banking to help create better lives, better businesses, and better communities, and works to achieve this through its full array of consumer, mortgage, SBA, commercial and wealth management banking and advisory services, together with philanthropic and volunteer support to organizations and groups within the communities it serves. More information can be found at www.thestatebank.com or www.fentura.com.

    Cautionary Statement: This press release contains certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements concerning future growth in earning assets and net income. Such statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company’s operations, markets, products, services, interest rates and fees for services. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

    Contacts:  Ronald L. Justice  Aaron D. Wirsing
      President & CEO Chief Financial Officer
      Fentura Financial, Inc.   Fentura Financial, Inc.
      810.714.3902 810.714.3925
      ron.justice@thestatebank.com aaron.wirsing@thestatebank.com

    The MIL Network –

  • MIL-OSI Global: From Confederate general to Cherokee heritage: Why returning the name Kuwohi to the Great Smoky Mountains matters

    Source: The Conversation – USA – By Seth T. Kannarr, PhD Student in Geography, University of Tennessee

    View from the overlook on Kuwohi of the mountain peaks and ridges of Great Smoky Mountains National Park.

    Getty Images

    It’s not every day that the name of a mountain is restored to the one used by Indigenous peoples for centuries.

    But after nearly two years of trying, the Eastern Band of Cherokee Indians finally convinced the U.S. Board on Geographic Names on Sept. 18, 2024, to formally agree to rename the highest point in the Great Smoky Mountains National Park of Tennessee to Kuwohi (koo-whoa-hee).

    The mountain, known as “Clingmans Dome” since 1859, has been a sacred place for the Cherokee people, serving as a place of prayer, reflection and gathering of mulberries for medicine. In fact, the name Kuwohi translates to “the mulberry place” in Tsalagi, the Cherokee language.

    Though known as Kuwohi by the Cherokee people for hundreds of years, explorer Arnold Guyot effectively ignored that history after he surveyed the mountain range in 1859. Guyot named the peak “Clingmans Dome” after his friend Thomas Lanier Clingman, a North Carolina U.S. senator and a Confederate brigadier general during the Civil War. Clingman never set foot on this mountain, but his name remained there for 165 years until now.

    What is place name repatriation?

    The government’s renaming of the mountain to Kuwohi is a significant example of place name repatriation, or the return of an original, Indigenous name to a particular place or landscape.

    Sometimes the primary motivation for place renaming is to remove an offensive or irrelevant place name from the landscape, such as the renaming of Squaw Peak in Arizona to Piostewa Peak in 2008.

    In other cases, such as the renaming of Mount McKinley in Alaska to Denali in 2016, the motivation was to create a more authentic and historically accurate name for a particular place.

    In the case of Kuwohi, the return to its original name was a mixture of both. The government’s decision recognized the original Indigenous name and removed the name of a white man who defended the enslavement of African people. It is also about restoring a larger sense of respect and recognition of Indigenous identity across the landscape.

    Just as important is the fact that it was individuals from the Eastern Band of Cherokee Indians who put forward this proposal and remained the lead throughout the process.

    Place naming is only truly reparative if these processes truly reflect the agency and intent of these historically oppressed groups. Otherwise, it contributes to the long history of dismissing Indigenous claims to land and culture by not involving them.

    View of observation tower on Kuwohi in Great Smoky Mountains National Park.
    Joshua Moore/Getty Images

    Why does place naming matter?

    A name is one of the most fundamental ways to identify and give meaning to places. In other words, the name of the place makes a big difference in how people perceive it.

    There is growing public recognition that place names can transmit harmful messages that misrepresent the history and identity of minority communities. Place names also can demonstrate how those in power have used them to disrespect and misrepresent ethnic and racial groups that have been historically discriminated against.

    For those groups, the U.S. Department of the Interior’s Advisory Committee on Reconciliation in Place Names found in 2022 that derogatory place names are a source of recurring trauma.

    If place naming did not matter, disputes over name changes would not occur. Some critics find place renaming to be an example of unnecessary political correctness, while others see it as a meaningful solution that will leave a lasting positive impact.

    The elimination of names of Confederate generals from some U.S. military bases provides another example. Former President Donald Trump has pledged to restore the name “Fort Bragg” to the North Carolina Army base that’s known today as Fort Liberty if reelected. Originally named after Braxton Bragg, a slave-owning Confederate general, the fort was one of nine U.S. installations that the Defense Department ordered in 2023 to have their names changed to among 3,700 recommendations.

    Trump’s stance exemplifies the wave of backlash that has occurred against local and state school officials across the country that have removed the names of Confederate generals and others from public buildings.

    Lavita Hill (L) and Mary Crowe in 2022.
    Cherokee One Feather

    Despite such backlash, efforts by Indigenous people and civil rights advocates slowly move forward and are seen across the U.S. in places like streets, neighborhoods, college campuses and beyond.

    For Lavita Hill and Mary Crowe, the two members of the Eastern Band of Cherokee Indians who took the lead on submitting the proposal, the renaming of Kuwohi was a moment of success. Their campaign was heavily inspired by the renaming of Mount Doane to First Peoples Mountain in Yellowstone National Park in 2022.

    Crowe told reporters that she saw friends and relatives shed tears when they learned of the name change. “It was humbling,” she said. “It was beautiful.”

    What comes next?

    The success of the effort to restore the name Kuwohi may help other communities in their ongoing place renaming efforts.

    One such proposal involves a 100-year-old fight to rename Mount Rainier in Washington state to “Tacoma,” the original name given to it by the Salish people of the Pacific Northwest.

    View of the Great Smoky Mountains at sunset from Kuwohi.
    Wolfgang Kaehler/LightRocket/Getty Images

    This movement began in 1924 among the Salish and other groups because its namesake, Peter Rainier, was a British naval officer who was known as being “anti-American.”

    Another example is a push by 20 different Indigenous tribes, including the Lakota Nation and the Oglala Sioux Tribe, to rename Devils Tower in Wyoming to Bear Lodge. The current name of this butte resulted from a poor English translation of the original Indigenous name of “bear lodge” to “bad god’s tower.” Over time, the name was simplified to “Devils Tower.”

    As geographers who have studied the significance of place renaming, we have learned that it is important to engage the folks that these movements will benefit most in all conversations and decisions.

    What is at stake is not just removing insulting names, but also ensuring that the process of changing place names is collaborative of all Americans, especially historically oppressed communities, to truly be restorative and meaningful for society.

    Seth T. Kannarr is affiliated with the Great Smoky Mountains National Park as an Education Branch VIP (Volunteer-In-Parks) part-time.

    Derek H. Alderman once served on the Federal Advisory Committee on Reconciliation in Place Names, U.S. Department of Interior.

    – ref. From Confederate general to Cherokee heritage: Why returning the name Kuwohi to the Great Smoky Mountains matters – https://theconversation.com/from-confederate-general-to-cherokee-heritage-why-returning-the-name-kuwohi-to-the-great-smoky-mountains-matters-240644

    MIL OSI – Global Reports –

  • MIL-OSI USA: Hinson, Ernst Work to Ensure Rural Access to Safe Contraception

    Source: United States House of Representatives – Congresswoman Ashley Hinson (IA-01)

    Washington, DC – Congresswoman Ashley Hinson (R-IA-02) and Senator Joni Ernst (R-IA) requested information on the availability of birth control options to ensure Iowa families, especially in rural areas, have access to safe and effective contraception.
     
    After data from 2017 revealed just 24 percent of all Community Health Centers (CHCs) in the country provide a comprehensive list of contraception options for patients to review on-site, the lawmakers specifically inquired about options available through Federally Qualified Health Centers (FQHCs), which serve rural areas. 

    “Ensuring women, regardless of zip code, have access to safe birth control options is vital for women’s health and family planning. Unfortunately, women in rural and underserved areas often have fewer contraception options. I’m working with Senator Ernst to expand access to safe birth control options for adult women who rely on Community Health Centers for care.”– Congresswoman Ashley Hinson
     
    “Families deserve access to safe and effective birth control when they visit their health care provider, regardless of where they live. To ensure rural areas are not overlooked, I’m working to identify the barriers that leave communities with fewer contraception options. We can build upon this fact-finding mission to address the real gaps in services that Iowa families are facing.“ – Senator Joni Ernst

    In the letter, lawmakers wrote:
     
    “Increased access to family planning services has proven to reduce the rate of unintended pregnancies, reduce the spread of sexually transmitted diseases, and reduce rates of infertility and maternal mortality. The limited information that is available also indicates that women in rural communities are facing a significant lack of access. With millions of women in the United States living in areas with limited contraceptive access, it’s imperative we understand the deficiencies and why they exist.”
     
    In the letter to the U.S. Government Accountability Office, the lawmakers requested: 

    • An itemized inventory of available contraception,
    • Annual family planning counseling appointment requests and rates of return,
    • Expenditures of federal funds to reimburse facilities for contraception methods,
    • Financial resources and contraceptive options offered, and
    • Any additional barriers, including geographic, to those who wish to provide a wider range of contraceptive methods to patients.

    Background:
    Hinson has led legislation to propose commonsense solutions to improve women’s health care access, including: 

    ###

    MIL OSI USA News –

  • MIL-OSI USA: In Bipartisan Push, Congressman Mfume, Maryland, Virginia Lawmakers Call on President to Address Venezuelan Crab Imports

    Source: United States House of Representatives – Congressman Kweisi Mfume (MD-07)

    WASHINGTON, D.C. – Today, U.S. Congressman Kweisi Mfume (D-Md.), Senators Chris Van Hollen, Ben Cardin (both D-Md.), Mark Warner, and Tim Kaine (both D-Va.) along with U.S. Representatives Dutch Ruppersberger (D-Md.), John Sarbanes (D-Md.), Rob Wittman (R-Va.), Andy Harris (R-Md.), , David Trone (D-Md.), and Glenn Ivey (D-Md.) wrote to President Joe Biden outlining their concerns with the recent surge of crabmeat imports from Venezuela and its impact on the Chesapeake Bay region’s seafood economy as well as public health. In their letter, the lawmakers urge the President to launch an investigation through the International Trade Commission into the harm that these imports pose to our domestic seafood industry, and press the Administration to encourage a fairer seafood trade relationship. 

    “We write to express our significant concerns with the influx of crabmeat from Venezuela, which has threatened the viability of local fisheries across the Chesapeake Bay. Domestic seafood producers in Maryland and Virginia have experienced significant strain due to the influx of imported Venezuelan crabmeat, some of which is mislabeled and contaminated. In 2018, Venezuelan crabmeat mislabeled as originating from Maryland caused an outbreak of foodborne illnesses, resulting in multiple hospitalizations,” the lawmakers began.

    Highlighting the economic damage caused by Venezuelan imports, they wrote, “Since then, the supply of imported crabmeat has increased, threatening the future livelihood of domestic industry and creating the conditions for a 62 percent decrease in the domestic supply. This has harmed crab fishing industries throughout the Chesapeake Bay, which produces 50 percent of the United States’ total blue crab harvest, a proportion that is now diminishing year over year. There are now fewer than 20 Maryland crab picking and seafood processing companies, down from 53 in 1995.”

    They go on to urge the President to:

    1. Direct the United States International Trade Commission to conduct an investigation, per Section 201 of the Trade Act of 1974, looking into the harm caused by Venezuelan crabmeat imports and recommending remedies.

    2. Use the full array of informal actions available to you to address this trade issue, including through negotiations, utilization of World Trade Organization Committees, bilateral dialogues, and other activities.

    The full text of the letter is available here and below.

    Dear President Biden:

    We write to express our significant concerns with the influx of crabmeat from Venezuela, which has threatened the viability of local fisheries across the Chesapeake Bay. Domestic seafood producers in Maryland and Virginia have experienced significant strain due to the influx of imported Venezuelan crabmeat, some of which is mislabeled and contaminated. In 2018, Venezuelan crabmeat mislabeled as originating from Maryland caused an outbreak of foodborne illnesses, resulting in multiple hospitalizations. Since then, the supply of imported crabmeat has increased, threatening the future livelihood of domestic industry and creating the conditions for a 62 percent decrease in the domestic supply. This has harmed crab fishing industries throughout the Chesapeake Bay, which produces 50 percent of the United States’ total blue crab harvest, a proportion that is now diminishing year over year. There are now fewer than 20 Maryland crab picking and seafood processing companies, down from 53 in 1995.

    Chesapeake Bay crab fisheries and processors follow a strict set of regulations to ensure that the Bay remains one of the most sustainable crab fisheries in the world, that the blue crabs harvested there are of the highest quality, and that the industry does no harm to other species. Foreign competitors often confront little or no such regulation. Not only does this imbalance put local fisheries and seafood businesses at a steep disadvantage, it can also put consumers at increased risk. Consumers are often misled about what they are eating, and sometimes even made sick, as was the case when imported Venezuelan crabmeat was linked with multiple cases of Vibrio parahaemolyticus infections.

    We urge your Administration to use all of the tools at its disposal to remedy this unsustainable situation. Specifically, we urge you to:

    1. Direct the United States International Trade Commission to conduct an investigation, per Section 201 of the Trade Act of 1974, looking into the harm caused by Venezuelan crabmeat imports and recommending remedies.

    2. Use the full array of informal actions available to you to address this trade issue, including through negotiations, utilization of World Trade Organization Committees, bilateral dialogues, and other activities. 

    The Chesapeake Bay crab industry has faced numerous challenges, and the region has worked hard to preserve the blue crab population over the years. This industry carries unique cultural importance for the broader Mid-Atlantic region, enriching and enhancing the regional culinary landscape. Without the federal government stepping in to protect American manufacturers from unfair competition, they might not make it through this crisis. If they do not, Maryland, Virginia, and the country, will be all the poorer for it.

    Sincerely,

    ###

    MIL OSI USA News –

  • MIL-OSI Security: Defense News: General Counsel of the Navy Recognized for Port Chicago Sailor Exoneration Efforts

    Source: United States Navy

    In the aftermath of the 1944 explosion at the Port Chicago Naval Magazine in California, white officers were granted leave while African-American Sailors were compelled to return to work. When 258 Sailors refused to handle ammunition, they were subsequently convicted in a summary and general courts-martial.

    A comprehensive examination of both trials revealed significant legal errors in the proceedings that compromised the fairness of the trials, which include the defendants being improperly tried together despite conflicting interests and being denied a meaningful right to counsel. Additionally, the courts-martial took place before the Navy’s Court of Inquiry finalized its report on the explosion.

    Following the Navy’s review, Secretary Del Toro officially exonerated the remaining 256 defendants from the 1944 courts-martial. General Counsel Coffey led the legal review efforts and was honored with the “Port Chicago Exoneration Champion Award” from Contra Costa Justice for All for his instrumental contribution to the Sailors’ exoneration.

    General Counsel Coffey’s dedication and expertise were crucial in uncovering that the conduct of the Port Chicago courts-martial were fundamentally unfair and did not result in just outcomes for the defendants or the Navy. This decision demonstrates the Department of the Navy’s commitment to correcting historical injustices and ensuring all service members are treated fairly and equitably.

    If any family members of the defendants of the 1944 Port Chicago general and summary courts-martial would like to reach out to the Department of the Navy for future notifications on the topic or more information, please reach out to PortChicago@us.navy.mil, or 703-697-5342.

    MIL Security OSI –

  • MIL-OSI USA: Statement from Vice President Kamala  Harris One Year After the Lewiston  Shootings

    US Senate News:

    Source: The White House
    One year ago, an act of senseless violence carried out with a weapon of war took the lives of 18 loved ones and injured 13 others in Lewiston, Maine. Doug and I join all Mainers in remembering those who lost their lives on that fall night, standing with their families, and thinking of the survivors of this horrific mass shooting. In the 12 months since this tragedy took place at a local restaurant and a bowling alley, the Lewiston community has shown incredible unity, resilience, and strength. They have responded by reminding the nation of the unacceptable fact that far too many families have experienced the tremendous pain and trauma caused by the epidemic of gun violence. This is exactly why I have worked to take action to address this issue with the urgency it demands and keep our loved ones safe. With the help of gun violence survivors, families of those who have lost loved ones, young leaders, and local advocates, our administration fought to enact the Bipartisan Safer Communities Act — the first major gun safety law in nearly 30 years. We expanded background checks, closed the gun show loophole, made the largest investment in youth mental health in history, supported the implementation of red flag laws across the country, and invested in community violence intervention. Additionally, we launched the first-ever White House Office of Gun Violence Prevention, an office that I am proud to oversee. Following the tragic shooting in Lewiston, this office coordinated the first-ever federal interagency response – listening to survivors’ needs and ensuring victim services are tailored to meet them. While we have made critical progress, there is still work to do to keep our kids and communities safe. I continue to call on Congress to pass universal background checks, red flag and safe storage laws, a ban on bump stocks, and a renewal of the assault weapons ban. In the meantime, I will continue our work to save lives and ensure that every person in our nation can live free from violence, fear, and hate.

    MIL OSI USA News –

  • MIL-OSI Europe: Strengthening police canine capabilities to detect and prevent illicit trafficking of small arms and light weapons in South-Eastern Europe focus of OSCE high-level meeting

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: Strengthening police canine capabilities to detect and prevent illicit trafficking of small arms and light weapons in South-Eastern Europe focus of OSCE high-level meeting

    Strengthening police canine capabilities to detect and prevent illicit trafficking of small arms and light weapons in South-Eastern Europe focus of OSCE high-level meeting | OSCE
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    Home Newsroom News and press releases Strengthening police canine capabilities to detect and prevent illicit trafficking of small arms and light weapons in South-Eastern Europe focus of OSCE high-level meeting

    MIL OSI Europe News –

  • MIL-OSI Canada: Building small business opportunity in Prince Edward Island

    Source: Government of Canada News (2)

    West Prince Ventures is helping Island companies prepare for growth  

    October 24, 2024 · Alberton, Prince Edward Island · Atlantic Canada Opportunities Agency (ACOA)

    Entrepreneurs and small businesses propel the economy in Canada and bring job opportunities to rural communities. Support in the early stages of business development is vital to ensuring long-term, sustainable growth. Through Community Business Development Corporations (CBDCs), the Government of Canada provides expertise and delivers essential programs to businesses throughout the Atlantic region.

    Improving access to professional services

    Today, Bobby Morrissey, Member of Parliament for Egmont, announced a non-repayable contribution of $305,150 to West Prince Ventures (CBDC Western PEI) to deliver the Consultant Advisory Services (CAS) program, in partnership with CBDC East and CBDC Central, from 2024 through to the end of March 2026. The announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.

    The investment will help up to 60 companies across Prince Edward Island with their next stage of growth through access to professional services for business planning and management, market readiness, export growth, and technology adoption.

    From October 20 to 26, during Small Business Week 2024, Canadians are celebrating the crucial role that local companies play in building and strengthening communities.

    Today’s announcement demonstrates the Government of Canada’s commitment to job growth and capacity building in rural Atlantic Canada.

    Connor Burton
    Press Secretary
    Office of the Minister of Rural Economic Development and of the
    Atlantic Canada Opportunities Agency
    Connor.Burton@acoa-apeca.gc.ca

    MIL OSI Canada News –

  • MIL-OSI USA: H.R. 8683, Strategic Ports Reporting Act

    Source: US Congressional Budget Office

    H.R. 8683 would require the Department of State, in coordination with the Department of Defense, to develop, update, and submit to the Congress a map of ports that are essential to the national security or economic interests of the United States (called strategic ports). In addition, the bill would authorize those agencies to contract with a federally funded research and development center to conduct a study on those ports. That study would identify any efforts by the People’s Republic of China or Chinese entities to acquire or develop such ports and provide information on U.S. efforts to ensure open access and security for strategic ports. The bill would also require the Department of State to report to the Congress on that study.

    MIL OSI USA News –

  • MIL-OSI: Bybit x Block Scholes Crypto Derivatives Report: Optimism in Moderation in Pre-Election Markets

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 25, 2024 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, releases a new report on the state of crypto derivatives. The report reveals cautiously optimistic market sentiment in the lead-up to the U.S. presidential election, alongside fluctuations in at-the-money (ATM) implied volatility. However, analysts believe that investors who may be anticipating BTC price to reach the next major milestone mark may want to temper expectations until after the election dust settles.

    The report also illustrated a tangled relationship between BTC price and election odds. As the divergence between Trump’s and Harris’s odds widened, BTC spot prices were on the rise along with Trump’s improved winning chance but has recently pulled back. 

    Key Insights:

    Strong funding rates across tokens: From DOGE to BTC, all tokens are showing consistent and positive funding rates across the board for perpetual contracts. Traders are accumulating long positions, aiming for leveraged exposure in anticipation of the upcoming election. As investors increase their long-term exposure, the markets crescendo towards bullish sentiments. 

    BTC calls drove up implied volatility: BTC call options were leading in open positions and contributed to the upward trend of 14-day tenor options in the previous week. However, other tenors have generally seen downward pressure. 

    Plunging Implied Volatility: Large movements in 7-day implied volatility shaped very steep term structures for ETH options. In contrast with the calm in ETH spot prices and low short-dated realized volatility, the current landscape demonstrates heightened anticipation of the impending U.S. election and overall optimism with growing open positions of ETH call options. 

    To Access the Full Report: 

    Block Scholes x Bybit Crypto Derivatives Analytics Report (2024.10.23)

    #Bybit / #TheCryptoArk /#BybitResearch

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, please visit Bybit Press 

    For media inquiries, please contact: media@bybit.com

    For more information, please visit: https://www.bybit.com

    For updates, please follow: Bybit’s Communities and Social Media

    Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

    Contact

    Head of PR

    Tony Au

    Bybit

    tony.au@bybit.com

    The MIL Network –

  • MIL-OSI: Mountain America’s Sixth Annual Month of Caring Makes a Positive Impact Across Six States

    Source: GlobeNewswire (MIL-OSI)

    A Media Snippet accompanying this announcement is available by clicking on this link.

    SANDY, Utah, Oct. 25, 2024 (GLOBE NEWSWIRE) — Mountain America Credit Union recently wrapped up its sixth annual Month of Caring, held annually in September. An inspirational initiative, Month of Caring epitomizes the core philosophy of “people helping people,” a value deeply embedded in the credit union. Throughout the month, Mountain America team members across Arizona, Idaho, Montana, Nevada, New Mexico, and Utah were granted paid time off to engage in various charitable endeavors.

    Month of Caring provides an opportunity for Mountain America employees to connect with their local communities and make a meaningful impact. Since its inception in 2019, the initiative has grown significantly, with team members contributing more than 20,400 service hours to various charitable organizations. In 2024, team members dedicated 3,800 volunteer hours, the equivalent of 475 workdays, and counting.

    “Month of Caring is a testament to our commitment to community service,” said Sterling Nielsen, president and chief executive officer at Mountain America. “Our employees’ dedication to making a positive impact is truly inspiring, and we are proud to support their efforts year-round.”

    Mountain America team members actively engaged in a wide variety of service projects during the Month of Caring. Highlights from this year’s activities include:

    Hygiene kits for kids: Team members assembled 2,500 hygiene kits for the Young Caring for Our Young Foundation. which will be given to homeless children or kids living in poverty.

    Animal shelters: Volunteers supported various animal shelters, including the Humane Society of Utah’s Barktoberfest celebration.

    USANA Kids Eat: Team members packed nearly 800 backpacks to food-insecure kids have access to meals and snacks outside of school.

    Utah’s Hogle Zoo: Volunteers supported a variety of tasks to help keep the zoo functioning at a high level, benefiting both the animals and the families who visit. Service included prepping and freezing food for animals, weeding and planting, painting animal care areas and the zoo boardwalk, and replacing soil, grave and mulch in animal areas.

    Supporting veterans: Through Project Sanctuary and Hope for the Warriors, team members helped at a veteran family retreat and made thank you cards for service members.

    Courage Reins: Team members helped this equine-assisted therapy charity by cleaning pastures and an arena, and prepping toys and educational materials for upcoming clients.

    September 11 commemoration: Team members assisted with events to honor this day.

    Teaching golf: Volunteers taught golf to children through the Fremont County Junior Golf Association.

    “Month of Caring highlights our ongoing commitment to community involvement,” said Trent Savage, senior vice president and chief human resources officer at Mountain America. “It’s rewarding to see our employees actively contributing to the well-being of the communities where we live and work.”

    The total hours served across the organization will continue to increase through the year’s end. While serving the community is encouraged during Month of Caring, team members aren’t limited to using their hours only in the month of September. This gives teams flexibility and control over when and where they utilize their service hours as well as maintaining adequate staff within branches.

    To learn more about Mountain America’s community involvement, visit macu.com/newsroom.

    About Mountain America Credit Union
    With more than 1 million members and $20 billion in assets, Mountain America Credit Union helps its members define and achieve their financial dreams. Mountain America provides consumers and businesses with a variety of convenient, flexible products and services, as well as sound, timely advice. Members enjoy access to secure, cutting-edge mobile banking technology, over 100 branches across six states, and more than 50,000 surcharge-free ATMs. Mountain America—guiding you forward. Learn more at macu.com.

    The MIL Network –

  • MIL-Evening Report: RSF tackles Taiwan’s media freedom ‘Achilles heel’, boosts Asia Pacific monitoring action

    SPECIAL REPORT: By David Robie in Taipei

    It was a heady week for the Paris-based global media freedom watchdog Reporters Without Borders (RSF) — celebration of seven years of its Taipei office, presenting a raft of proposals to the Taiwan government, and hosting its Asia-Pacific network of correspondents.

    Director general Thibaut Bruttin and the Taipei bureau chief Cedric Alviani primed the Taipei media scene before last week’s RSF initiatives with an op-ed in the Taiwan Times by acknowledging the country’s media freedom advances in the face of Chinese propaganda.

    Taiwan rose eight places to 27th in the RSF World Press Freedom Index this year — second only to Timor-Leste in the Asia-Pacific region.

    But the co-authors also warned over the credibility damage caused by media “too often neglect[ing] journalistic ethics for political or commercial reasons”.

    As a result, only three in 10 Taiwanese said they trusted the news media, according to a Reuters Institute survey conducted in 2022, one of the lowest percentages among democracies.

    “This climate of distrust gives disproportionate influence to platforms, in particular Facebook and Line, despite them being a major vector of false or biased information,” Bruttin and Alviani wrote.

    “This credibility deficit for traditional media, a real Achilles heel of Taiwanese democracy, puts it at risk of being exploited for malicious purposes, with potentially dramatic consequences.”

    Press freedom programme
    At a meeting with Taiwanese President Lai Ching-te and senior foreign affairs officials, Bruttin and his colleagues presented RSF’s innovative programme for improving press freedom, including the Journalism Trust Initiative (JTI), the first ISO-certified media quality standard; the Paris Charter on Artificial Intelligence and Journalism; and the Propaganda Monitor, a project aimed at combating propaganda and disinformation worldwide.

    RSF director-general Thibaut Bruttin speaking at the reception celebrating seven years of Taipei’s Asia Pacific office. Image: Pacific Media Watch

    The week also highlighted concerns over the export of the China’s “New World Media Order”, which is making inroads in some parts of the Asia-Pacific region, including the Pacific.

    At the opening session of the Asia-Pacific correspondents’ seminar, delegates referenced the Chinese disinformation and assaults on media freedom strategies that have been characterised as the “great leap backwards for journalism” in China.

    “Disinformation — the deliberate spreading of false or biased news to manipulate minds — is gaining ground around the world,” Bruttin and Alviani warned in their article.

    “As China and Russia sink into authoritarianism and export their methods of censorship and media control, democracies find themselves overwhelmed by an incessant flow of propaganda that threatens the integrity of their institutions.”

    Both Bruttin and Alviani spoke of these issues too at the celebration of the seventh anniversary of the Asia-Pacific office in Taipei.

    Why Taipei? Hongkong had been an “likely choice, but not safe legally”, admitted Bruttin when they were choosing their location, so the RSF team are happy with the choice of Taiwan.

    Hub for human rights activists
    “I think we were among the first NGOs to have established a presence here. We kind of made a bet that Taipei would be a hub for human rights activists, and we were right.”

    About 200 journalists, media workers and press freedom and human rights advocates attended the birthday bash in the iconic Grand Hotel’s Yuanshan Club. So it wasn’t surprising that there was a lot of media coverage raising the issues.

    RSF director-general Thibaut Bruttin (centre) with correspondents Dr David Robie and Dr Joseph Fernandez in Taipei. Image: Pacific Media Watch

    In an interview with Voice of America’s Joyce Huang, Bruttin was more specific about the “insane” political propaganda threats from China faced by Taiwan.

    However, Taiwan “has demonstrated resilience and has rich experience in resisting cyber information attacks, which can be used as a reference for the world”.

    Referencing China as the world’s “biggest jailer of journalists”, Bruttin said: “We’re very worried, obviously.” He added about some specific cases: “We’ve had very troublesome reports about the situation of Zhang Zhan, for example, who was the laureate of the RSF’s [2021 press freedom] awards [in the courage category] and had been just released from jail, now is sent back to jail.

    “We know the lack of treatment if you have a medical condition in the Chinese prisons.

    “Another example is Jimmy Lai, the Hongkong press freedom mogul, he’s very likely to die in jail if nothing happens. He’s over 70.

    “And there is very little reason to believe that, despite his dual citizenship, the British government will be able to get him a safe passage to Europe.”

    Problem for Chinese public
    Bruttin also expressed concern about the problem for the general public, especially in China where he said a lot of people had been deprived of the right to information “worthy of that name”.

    “And we’re talking about hundreds of millions of people. And it’s totally scandalous to see how bad information is treated in the People’s Republic of China.”

    Seventeen countries in the Asia-Pacific region were represented in the network seminar.

    Representatives of Australia, Cambodia, Hongkog, Indonesia, Japan, Myanmar, Mongolia, New Zealand, Papua New Guinea, Philippines, South Korea, Tibet, Thailand and Vietnam were present. However, three correspondents (Malaysia, Singapore and Timor-Leste) were unable to be personally present.

    Discussion and workshop topics included the RSF Global Strategy; the Asia-Pacific network and the challenges being faced; best practice as correspondents; “innovative solutions” against disinformation; public advocacy (for authoritarian regimes; emerging democracies, and “leading” democracies); “psychological support” – one of the best sessions; and the RSF Crisis Response.

    RSF Oceania colleagues Dr David Robie (left) and Dr Joseph Fernandez . . . mounting challenges. Image: Pacific Media Watch

    What about Oceania (including Australia and New Zealand) and its issues? Fortunately, the countries being represented have correspondents who can speak our publicly, unlike some in the region facing authoritarian responses.

    Australia
    Australian correspondent Dr Joseph M Fernandez, visiting associate professor at Curtin University and author of the book Journalists and Confidential Sources: Colliding Public Interests in the Age of the Leak, notes that Australia sits at 39th in the RSF World Press Freedom Index — a drop of 12 places from the previous year.

    “While this puts Australia in the top one quarter globally, it does not reflect well on a country that supposedly espouses democratic values. It ranks behind New Zealand, Taiwan, Timor-Leste and Bhutan,” he says.

    “Australia’s press freedom challenges are manifold and include deep-seated factors, including the influence of oligarchs whose own interests often collide with that of citizens.

    “While in opposition the current Australian federal government promised reforms that would have improved the conditions for press freedom, but it has failed to deliver while in government.

    “Much needs to be done in clawing back the over-reach of national security laws, and in freeing up information flow, for example, through improved whistleblower law, FOI law, source protection law, and defamation law.”

    Dr Fernandez criticises the government’s continuing culture of secrecy and says there has been little progress towards improving transparency and accountability.

    “The media’s attacks upon itself are not helping either given the constant moves by some media and their backers to undermine the efforts of some journalists and some media organisations, directly or indirectly.”

    A proposal for a “journalist register” has also stirred controversy.

    Dr Fernandez also says the war on Gaza has “highlighted the near paralysis” of many governments of the so-called established democracies in “bringing the full weight of their influence to end the loss of lives and human suffering”.

    “They have also failed to demonstrate strong support for journalists’ ability to tell important stories.”


    An English-language version of this tribute to the late RSF director-general Christophe Deloire, who died from cancer on 8 June 2024, was screened at the RSF Taipei reception. He was 53. Video: RSF

    Aotearoa New Zealand
    In New Zealand (19th in the RSF Index), although journalists work in an environment free from violence and intimidation, they have increasingly faced online harassment. Working conditions became tougher in early 2022 when, during protests against covid-19 vaccinations and restrictions and a month-long “siege” of Parliament, journalists were subjected to violence, insults and death threats, which are otherwise extremely rare in the country.

    Research published in December 2023 revealed that high rates of abuse and threats directed at journalists put the country at risk of “mob censorship” – citizen vigilantism seeking to “discipline” journalism. Women journalists bore the brunt of the online abuse with one respondent describing her inbox as a “festering heap of toxicity”.

    While New Zealand society is wholeheartedly multicultural, with mutual recognition between the Māori and European populations enshrined in the 1840 Treaty of Waitangi, this balance is under threat from a draft Treaty Principles Bill.

    The nation’s bicultural dimension is not entirely reflected in the media, still dominated by the English-language press. A rebalancing is taking place, as seen in the success of the Māori Television network and many Māori-language programmes in mass media, such as Te Karere, The Hui and Te Ao Māori News.

    Media plurality and democracy is under growing threat with massive media industry cuts this year.

    New Zealand media also play an important role as a regional communications centre for other South Pacific nations, via Tagata Pasifika, Pacific Media Network and others.

    Papua New Guinea’s Belinda Kora (left) with RSF colleagues . . . “collaborating in our Pacific efforts in seeking the truth”. Image: Belinda Kora

    Papua New Guinea
    The Papua New Guinea correspondent, Belinda Kora, who is secretary of the revised PNG Media Council and an ABC correspondent in Port Moresby, succeeded former South Pacific Post Ltd chief executive Bob Howarth, the indefatigable media freedom defender of both PNG and Timor-Leste.

    Currently PNG (91st in the RSF Index) is locked in a debate over a controversial draft government media policy – now in its fifth version – that critics regard as a potential tool to crack down on media freedom. But Kora is optimistic about RSF’s role.

    “I am excited about what RSF is able and willing to bring to a young Pacific region — full of challenges against the press,” she says.

    “But more importantly, I guess, is that the biggest threat in PNG would be itself, if it continues to go down the path of not being able to adhere to simple media ethics and guidelines.

    “It must hold itself accountable before it is able to hold others in the same way.

    “We have a small number of media houses in PNG but if we are able to stand together as one and speak with one voice against the threats of ownership and influence, we can achieve better things in future for this industry.

    “We need to protect our reporters if they are to speak for themselves and their experiences as well. We need to better provide for their everyday needs before we can write the stories that need to be told.

    “And this lies with each media house.

    The biggest threat for the Pacific as a whole? “I guess the most obvious one would be being able to remain self-regulated BUT not being accountable for breaching our individual code of ethics.

    “Building public trust remains vital if we are to move forward. The lack of media awareness also contributes to the lack of ensuring media is given the attention it deserves in performing its role — no matter how big or small our islands are,” Kora says.

    “The press should remain free from government influence, which is a huge challenge for many island industries, despite state ownership.

    Kora believes that although Pacific countries are “scattered in the region”, they are able to help each other more, to better enhance capacity building and learning from their mistakes with collaboration.

    “By collaborating in our efforts in seeking the truth behind many of our big stories that is affecting our people. This I believe will enable us to improve our performance and accountability.”

    Example to the region
    Meanwhile, back in Taiwan on the day that RSF’s Thibaut Bruttin flew out, he gave a final breakfast interview to China News Agency (CNA) reporter Teng Pei-ju who wrote about the country building up its free press model as an example to the region.

    “Taiwan really is one of the test cases for the robustness of journalism in the world,” added Bruttin, reflecting on the country’s transformation from an authoritarian regime that censored information into a vibrant democracy that fights disinformation.

    Dr David Robie, convenor of the Asia Pacific Media Network’s Pacific Media Watch project and author of several media and politics books, including Don’t Spoil My Beautiful Face: Media, Mayhem and Human Rights in the Pacific, has been an RSF correspondent since 1996.

    RSF Asia Pacific correspondents and staff pictured at the Grand Hotel’s Yuanshan Club. Image: RSF

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Video: Congratulations to the first-ever cohort of students of the College of Europe in Tirana.

    Source: European Commission (video statements)

    College of Europe has opened its doors in Tirana, Albania.
    And its first-ever cohort of students is making history.

    We wish them a great year!

    #collegeofeurope

    https://www.youtube.com/watch?v=GADq2FdxKX0

    MIL OSI Video –

  • MIL-OSI United Kingdom: Big day for Derriford as new units handed over

    Source: City of Plymouth

    It’s a big day for the north of Plymouth and a big day for the Council with the first units at the new district centre at Derriford now being handed over from the developer to the landlord, Plymouth City Council.

    Shoppers have been waiting with excitement for the new stores to open their doors, with Aldi’s now open and the count down on for the new Marks & Spencer Foodhall to open next month. Ahead of that, the Council has formally taken ownership of the first three units of the site, which was developed by ADC Kimberley on behalf of the Council.

    Councillor Evans said: “This is a massive deal for the north of the city and for the Council.

    “We’ve been keen to see more facilities for people in the north of the city for a long time. This ambition has been part of the Plymouth and South West Devon Joint Local Plan to make this happen in a measured and thoughtful way.

    “Not only is this good news for people living nearby, but it is great news for the 100 or so people who will be employed here and the centre will bring a longer-term rental income into the Council.”

    Council leader Tudor Evans with developer Jonathan Banham

    Other businesses taking space in the centre are also well on the way to completion. Tenants include a Marks & Spencer Foodhall, a Costa Coffee, PureGym, and an Oggy Oggy pasty shop.

    There are 12 electric vehicle charging points installed by Gridserve and sustainable transport links to and from the centre are being created to help reduce car use, with cycle lanes and easy pedestrian access to bus stops.

    Councillor Evans added: “As with all exciting, shiny new shops opening, we expect to see a rush of interest with people checking out what’s on offer. We know it could be busy in and around this new centre when it first opens, so are asking people who would automatically come up Tavistock Road, to consider getting off the A38 a junction earlier and heading up the Forder Valley link road. There’s a choice now!”

    Jonathan Banham of ADC Kimberley said: “This is a project that will provide much needed new facilities for the growing population in the north of Plymouth,”

    “As well as bringing essential new facilities to the people who live and work in this area, the project has given a significant boost to the construction industry locally and regenerated a brownfield site that had sat unused for over quarter of a century.

    The district centre builds on previous investments at Derriford made by Plymouth City Council which has resulted in the Range Head Office being built, new housing and NHS facilities popping up on Council owned land, including the new Royal Eye Infirmary on William Prance Road. It is near some of Plymouth’s biggest employers, including Derriford Hospital and the Land Registry.

    Timeline

    • 2009 – Plans for a district centre at Derriford unveiled as part of Local Development Framework. People invited to give their views
    • 2019 – The new district centre for Derriford has been a strategic city objective and Seaton Barracks was designated as the preferred site for the district centre in the Joint Local Plan, which was adopted in March
    • 2019 – ADC Kimberley Ltd, selected as the Council’s preferred developer following a competitive bidding process
    • 2021 – big-name brands secured Marks and Spencer (M&S) for a new foodhall, supermarket Aldi and Costa, which will operate a café and drive through. Other features proposed a gym, pet shop, a further, smaller retail unit and 12 rapid EV charging points.
    • 2022 – planning application for a new district centre on former Seaton Barracks Parade Ground site approved
    • 2023 – Following renegotiations with occupiers which led to increased rental income, the Council agrees £1 million investment deal to close a funding gap as project has hit by rising construction costs. 
    • June 2023 – work starts
    • October 2024 –Aldi opens for trade

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Slip way to be repaired and ferry service to resume

    Source: City of Plymouth

    Repairs to fix the Mount Edgcumbe slipway will begin next week and the ferry will resume tomorrow (Saturday 26 October).  

    During a review of the slipway at Mount Edgcumbe, Plymouth City Council surveyors identified cracks that needed to be repaired. Whilst plans were being put in place to carry out the works, a further survey was carried out following the recent bad weather.  

    The surveyors found that the storms have caused further deterioration beneath the slipway, resulting in the main concrete walkway coming loose and collapsing in places.  

    Repairs are now urgent, so the slipway has been closed and repair works will commence from Monday 28 October. Works include removing and replacing loose stone work, reinforcing the propping of the concrete slab and filling in any voids or gaps. It is hoped that the repairs will take around eight weeks, but this will be dependent on the weather.   

    The Council has been working with the Cremyll Ferry to identify an alternative landing site. From Saturday 26 October, the ferry service will operate from the beach next to the slipway at low tide, rather than the slipway. Boats have been adapted to enable passengers to get on and off from the beach. Users are encouraged to take care when getting on and off the ferry. 

    Councillor Chris Penberthy, the Plymouth City Council Cabinet Member with responsibility for facilities management, said: “As the owner of the slipway at Mount Edgcumbe, we have been planning for some time to carry out repairs. Unfortunately, the situation became urgent earlier this week when we found further damage due to the recent storms.  

    “We closed the slipway straight away and worked with the ferry operator to put together an alternative plan to enable them to continue operate. I would like to thank them for their patience and support, particularly as they had to suspend their services for two days.  

    “We will work as fast as we can to repair the slipway, but obviously it is winter and the weather might impact how long it will take.”  

    MIL OSI United Kingdom –