Merchants Bancshares announces increase in year-end results

first_img— As mentioned previously, loans ended 2009 at $918.54 million, a $71.41 million, or 8.4% increase over year end 2008.– Non-accruing loans increased to $14.30 million at December 31, 2009 from $11.48 million at December 31, 2008, total non-performing loans increased to $14.48 million at December 31, 2009 from $11.64 million at December 31, 2008.– Accruing classified loans increased to $16.19 million at December 31, 2009 from $13.74 million at December 31, 2008, after reaching a high point of $37.86 million at June 30, 2009.– Net charge-offs for 2009 were $1.71 million compared to $564 thousand for 2008.– The prolonged period of high economic uncertainty that existed throughout 2009 is projected to continue through much of 2010. Although non-accruing loans increased when comparing 2009 year end balances to 2008 year end balances, the individual loans that make up the balances changed significantly during the course of 2009 as a result of Merchants’ active account management process. The following discussion highlights the dynamic nature of these balances: Merchants Bancshares, Inc. Financial Highlights (unaudited) (Dollars in thousands except share and per share data) 12/31/09 09/30/09 12/31/08 09/30/08 ———– ———– ———– ———–Balance Sheets – Period EndTotal assets $ 1,435,248 $ 1,405,994 $ 1,341,210 $ 1,317,312Loans 918,538 929,236 847,127 814,598Allowance for loan losses (“ALL”) 10,976 11,177 8,894 8,367Net loans 907,562 918,059 838,233 806,231Securities available for sale 404,652 353,842 429,872 436,021Securities held to maturity 1,159 1,306 1,737 3,174Federal Home Loan Bank (“FHLB”) stock 8,630 8,630 8,523 8,403Federal funds sold and other short-term investments 10,270 10,260 111 111Other assets 102,975 113,897 62,734 63,372Deposits 1,043,319 1,030,802 930,797 949,521Securities sold under agreement to repurchase and other short-term debt 179,718 122,421 124,408 89,298Securities sold under agreement to repurchase, long-term 54,000 54,000 54,000 54,000Other long-term debt 31,215 68,698 118,643 117,758Junior subordinated debentures issued to unconsolidated subsidiary trust 20,619 20,619 20,619 20,619Other liabilities 15,365 19,069 13,046 9,295Shareholders’ equity 91,012 90,385 79,697 76,821Balance Sheets – Quarter-to-Date AveragesTotal assets $ 1,412,900 $ 1,394,457 $ 1,320,845 $ 1,307,023Loans 920,846 922,704 825,395 800,126Allowance for loan losses 11,510 10,958 8,596 8,509Net loans 909,336 911,746 816,799 791,617Securities available for sale and FHLB stock 371,059 367,979 436,712 446,688Securities held to maturity 1,224 1,374 2,187 2,909Federal funds sold and other short-term investments 63,553 53,576 2,420 5,664Other assets 67,728 59,782 62,727 60,145Deposits 1,037,955 1,026,527 946,534 947,674Securities sold under agreement to repurchase and other short-term debt 148,282 115,447 96,736 82,794Securities sold under agreement to repurchase, long-term 54,000 54,000 54,000 72,913Other long-term debt 46,097 79,107 117,996 99,355Junior subordinated debentures issued to unconsolidated subsidiary trust 20,619 20,619 20,619 20,619Other liabilities 14,999 13,209 9,845 9,979Shareholders’ equity 90,948 85,548 75,115 73,689Interest earning assets 1,356,682 1,345,633 1,266,714 1,255,387Interest bearing liabilities 1,180,087 1,179,117 1,110,612 1,100,447 12/31/09 09/30/09 12/31/08 09/30/08 ———– ———– ———– ———–Ratios and Supplemental Information – Period EndBook value per share $ 15.65 $ 15.55 $ 13.89 $ 13.40Book value per share (1) $ 14.82 $ 14.74 $ 13.15 $ 12.70Tier I leverage ratio 7.67% 7.60% 7.42% 7.50%Tangible capital ratio (2) 6.34% 6.43% 5.94% 5.83%Period end common shares outstanding (1) 6,141,823 6,131,175 6,061,182 6,049,720Credit Quality – Period EndNonperforming loans (“NPLs”) $ 14,481 $ 10,584 $ 11,643 $ 11,594Nonperforming assets (“NPAs”) $ 15,136 $ 11,386 $ 12,445 $ 11,594NPLs as a percent of total loans 1.58% 1.14% 1.37% 1.42%NPAs as a percent of total assets 1.05% 0.81% 0.93% 0.88%ALL as a percent of NPLs 76% 106% 76% 72%ALL as a percent of total loans 1.19% 1.20% 1.05% 1.03%(1) This book value and period end common shares outstanding includes 326,453; 320,371; 323,754; and 317,161 Rabbi Trust shares for the periods noted above, respectively.(2) The tangible capital ratio is a non-GAAP financial measure which we believe provides investors with information that is useful in understanding our financial performance. December 31, 2009 2008 ———– ———–Balance Sheets – Year to-Date AveragesTotal assets $ 1,376,441 $ 1,277,242Loans 901,582 781,645Allowance for loan losses 10,430 8,415Net loans 891,152 773,230Securities available for sale and FHLB stock 386,772 425,038Securities held to maturity 1,443 3,160Federal funds sold and other short-term investments 36,529 10,551Other assets 60,545 65,263Deposits 1,003,778 923,863Securities sold under agreement to repurchase and other short-term debt 115,395 89,382Securities sold under agreement to repurchase, long-term 54,000 62,046Other long-term debt 83,676 93,753Junior subordinated debentures issued to unconsolidated subsidiary trust 20,619 20,619Other liabilities 13,880 12,276Shareholders’ equity 85,093 75,303Interest earning assets 1,326,326 1,220,394Interest bearing liabilities 1,162,402 1,070,181 For the Three Months For the Twelve Ended Months Ended December 31, December 31, 2009 2008 2009 2008 ——— ——— ——— ———Operating ResultsInterest incomeInterest and fees on loans $ 11,855 $ 11,797 $ 47,646 $ 46,611Interest and dividends on investments 4,158 5,777 18,694 21,971Total interest and dividend income 16,013 17,574 66,340 68,582Interest expenseDeposits 1,854 3,386 9,605 16,246Short-term borrowings 308 277 641 1,686Long-term debt 1,147 1,812 5,978 6,997Total interest expense 3,309 5,475 16,224 24,929Net interest income 12,704 12,099 50,116 43,653Provision for credit losses 600 600 4,100 1,525Net interest income after provision for credit losses 12,104 11,499 46,016 42,128Noninterest incomeTrust Company income 469 396 1,724 1,831Service charges on deposits 1,454 1,436 5,671 5,437Gain on investment securities 1,163 (369) 1,219 (287)Equity in losses of real estate limited partnerships, net (583) (462) (2,049) (1,849)Other noninterest income 875 823 3,750 3,526Total noninterest income 3,378 1,824 10,315 8,658Noninterest expenseSalaries and wages 4,210 3,837 14,510 13,730Employee benefits 663 1,038 4,348 3,873Occupancy and equipment expenses 1,616 1,557 6,405 6,082Legal and professional fees 600 541 2,499 2,449Marketing expenses 328 314 1,470 1,652State franchise taxes 276 263 1,142 1,066FDIC Insurance 315 195 1,964 356Other noninterest expense 2,410 1,499 7,760 5,893Total noninterest expense 10,418 9,244 40,098 35,101Income before provision for income taxes 5,064 4,079 16,233 15,685Provision for income taxes 1,268 1,015 3,754 3,768Net income $ 3,796 $ 3,064 $ 12,479 $ 11,917Ratios and Supplemental InformationWeighted average common shares outstanding 6,139,739 6,058,922 6,105,909 6,069,653Weighted average diluted shares outstanding 6,139,739 6,063,815 6,107,389 6,079,274Basic earnings per common share $ 0.62 $ 0.51 $ 2.04 $ 1.96Diluted earnings per common share $ 0.62 $ 0.51 $ 2.04 $ 1.96Return on average assets 1.07% 0.93% 0.91% 0.93%Return on average shareholders’ equity 16.69% 16.32% 14.67% 15.83%Net interest rate spread 3.61% 3.56% 3.62% 3.30%Net interest margin 3.75% 3.81% 3.80% 3.58%Net recoveries (charge-offs) to Average Loans (0.09%) 0.00% (0.19%) (0.07%)Net recoveries (charge-offs) ($ 824) $ 18 ($ 1,708) ($ 564)Efficiency ratio (1) 58.81% 60.75% 59.47% 62.27%(1) The efficiency ratio excludes amortization of intangibles, equity in losses of real estate limited partnerships, OREO expenses, gain/loss on sales of securities, state franchise taxes, and any significant nonrecurring items.Note: As of December 31, 2009, the Bank had off-balance sheet liabilities in the form of standby letters of credit to customers in the amount of $3.80 million.Source: Merchants. SOUTH BURLINGTON, VT–(Marketwire – January 27, 2010) – Merchants Bancshares, Inc. (NASDAQ: MBVT), the parent company of Merchants Bank, today announced net income of $12.48 million or diluted earnings per share of $2.04 for the year ended December 31, 2009. This compares with net income of $11.92 million or diluted earnings per share of $1.96 for the previous year. Merchants earned $3.80 million or diluted earnings per share of $0.62 for the quarter ended December 31, 2009, compared to net income of $3.06 million or diluted earnings per share of $0.51 for the same quarter of the previous year. Merchants previously announced the declaration of a dividend of 28 cents per share, payable February 18, 2010, to shareholders of record as of February 4, 2010.The return on average assets was 1.07% and 0.91% for the quarter and year ended December 31, 2009, respectively, compared to 0.93% for both the quarter and year ended December 31, 2008. The return on average equity was 16.69% and 14.67% for the quarter and year ended December 31, 2009, respectively, compared to 16.32% and 15.83% the same periods in 2008. “We are very pleased with the results for both the quarter and the year. The year over year improvement in net income and diluted earnings per share in a very challenging economic environment is a great testament to the efforts of our people, and a strong display of confidence in Merchants Bank by our customers,” commented Michael R. Tuttle, Merchants’ President and Chief Executive Officer.Merchants’ taxable equivalent net interest income increased $6.65 million to $50.38 million for 2009 compared to 2008, a 15.2% increase. Merchants’ taxable equivalent net interest margin increased to 3.80% from 3.58% over the same time period. The year over year increase in Merchants’ taxable equivalent net interest income was driven by a combination of an increase in average interest earning assets, a shift in the composition of the balance sheet, and lower funding costs during 2009. Merchants’ average earning asset base increased $105.93 million to $1.33 billion at an average yield of 5.02% for 2009 compared to $1.22 billion at an average yield of 5.63% for 2008. The decrease in the average rate earned on assets was more than offset by decreases in the cost of interest bearing liabilities, which decreased to 1.40% for 2009 from 2.33% for 2008.Loans ended 2009 at $918.54 million, a $71.41 million, or 8.4%, increase over 2008 ending balances. The largest increase was in municipal loans, which increased $41.99 million over 2008 ending balances. Residential real estate loans grew $39.44 million, or 10.0%, commercial real estate balances grew $17.21 million, or 6.3%, and commercial loans declined $12.29 million, or 9.7% over 2008 ending balances. Growth in residential real estate loans was driven by the favorable rate environment coupled with the fact that Merchants does not originate these loans for sale. Commercial loans decreased as borrowers accelerated the retirement of debt during this period of reduced economic activity. Year-end loan balances were as follows:(In thousands) December 31, 2009 December 31, 2008 —————— ——————Commercial, financial and agricultural $ 113,980 $ 126,266Municipal loans 44,753 2,766Real estate loans – residential 435,273 395,834Real estate loans – commercial 290,737 273,526Real estate loans – construction 25,146 40,357Installment loans 7,711 7,670All other loans 938 708 —————— ——————Total loans $ 918,538 $ 847,127 ================== ==================Merchants’ year-end investment portfolio decreased $25.80 million from 2008 to 2009. Merchants worked to decrease its credit exposure in the non-Agency sector of the investment portfolio during 2009, and sold its entire portfolio of commercial mortgage backed securities and several of its non-Agency CMOs during 2009. Additionally, Merchants sold three of its low coupon 30 year MBS during the last quarter of 2009 for a total gain of $1.15 million. Merchants sold bonds with a total par value of $73.16 million during 2009 for a net gain of $1.22 million. All securities purchased during 2009 were Agency backed paper.Merchants’ year-end deposit balances increased $112.52 million, or 12.1%, to $1.04 billion at December 31, 2009 from $930.80 million at December 31, 2008. All deposit categories grew over 2008 year end balances. Free Checking for Life balances ended 2009 at $234.03 million, a 28.2% increase over year end 2008 balances. Money market accounts ended 2009 at $247.17 million, a 19.4% increase over year end 2008 balances. Time deposits ended 2009 at $394.54 million, a 2.4% increase over year end 2008 balances and represented 37.8% of Merchants’ total deposits at December 31, 2009 compared to 41.4% of total deposits at December 31, 2008. Growth in all municipal categories accounted for $25.80 million of total deposit growth during 2009. “It is unusual to see growth in both loans and deposits during a recession, but that is exactly what happened in 2009. Clearly our communities responded to our position as Vermont’s only statewide independent bank,” commented Mr. Tuttle.Balances in Merchants’ cash management sweep product totaled $178.31 million at December 31, 2009, compared to $92.41 million at December 31, 2008. The balances are included with “Securities sold under agreements to repurchase and other short-term debt” on the accompanying balance sheet. The increase from 2008 to 2009 is primarily a result of strong growth in Merchants’ municipal portfolio. Merchants’ other long-term debt position decreased to $31.22 million at December 31, 2009 from $118.64 million at December 31, 2008. Merchants prepaid a total of $60.63 million in FHLB debt, at an average rate of 3.74%, over the course of 2009. Merchants incurred a prepayment penalty of $1.55 million in conjunction with the prepayment, Merchants estimates that it earned back approximately 40% of that prepayment penalty during 2009.The provision for credit losses for 2009 was $4.10 million compared to $1.53 million for 2008. The increased provision expense was the result of a number of factors:center_img — Salaries and wages increased $780 thousand, or 5.7%, to $14.51 million compared to $13.73 million for 2009 compared to 2008. Normal pay increases and a $149 thousand higher incentive payout for 2009 compared to 2008 combined with additional staff hired in the corporate banking, government banking and trust areas contributed to the increase over the prior period.– Employee benefits increased $475 thousand, or 12.3%, to $4.35 million from $3.87 million for 2009 compared to 2008. The largest year-over-year increase was Merchants’ pension plan expense, which increased $391 thousand when comparing 2009 to 2008. The increases in the remaining categories are directly related to salary increases during 2009.– Merchants’ total FDIC insurance expense increased $1.61 million to $1.96 million for 2009 compared to $356 thousand in 2008. Merchants recorded a $630 thousand expense related to the FDIC’s special assessment during the second quarter of 2009. Additionally, Merchants’ regular FDIC insurance assessment, excluding the special assessment, increased $978 thousand to $1.33 million for 2009, compared to 2008, due to both an increase in the FDIC’s assessment rates and an increase in deposits.– Other noninterest expense increased $1.87 million, or 31.7%, to $7.76 million from $5.89 million for 2009 compared to 2008. There were a number of reasons for this increase. As mentioned previously, Merchants prepaid $60.63 million in FHLB debt during 2009, resulting in a $1.55 million prepayment penalty. Expenses related to problem loans and OREO totaled $292 thousand for 2009 compared to $25 thousand for 2008. Additionally, Merchants’ correspondent bank service charges have increased to $414 thousand for 2009, compared to $247 thousand for 2008. The large increases are a result of increased fees being passed on to Merchants by its primary correspondent bank, and a result of the very low interest rate environment. Merchants’ expenses related to Internet banking and its Cash Rewards Checking product were $225 thousand higher for 2009 compared to 2008. At the same time Merchants reduced losses related to fraudulent activity by $225 thousand during 2009. Most categories of operating expenses increased for 2009 compared to 2008. Mr. Michael Tuttle, Merchants’ President and Chief Executive Officer; and Ms. Janet Spitler, Merchants’ Chief Financial Officer, will host a conference call to discuss these earnings results at 9:30 a.m. Eastern Time on Friday, January 29, 2010. Interested parties may participate in the conference call by dialing (800) 230-1074; the title of the call is Earnings Release for Merchants Bancshares, Inc. Participants are asked to call a few minutes prior to register. A replay will be available until noon on Friday, February 5, 2010. The U.S. replay dial-in telephone number is (800) 475-6701. The international replay telephone number is (320) 365-3844. The replay access code for both replay telephone numbers is 143115.Vermont Matters. Merchants Bank strives to fulfill its role as the state’s leading independent community bank through a wide range of initiatives. The bank supports organizations throughout Vermont in addressing essential needs, sustaining community programs, providing small business and job start capital, funding financial literacy education and delivering enrichment through local sports activities.Merchants Bank was established in 1849 in Burlington, Vermont. Its continuing mission is to provide Vermonters with a statewide community bank that combines a strong technology platform with a genuine appreciation for local markets. Merchants Bank delivers this commitment through a branch-based system that includes: 34 community bank offices and 42 ATMs throughout Vermont; local branch presidents and personal bankers dedicated to high-quality customer service; free online banking, phone banking, and electronic bill payment services; high-value depositing programs that feature Free Checking for Life®, Cash Rewards Checking, Rewards Checking for Business, business cash management, money market accounts, health savings accounts, certificates of deposit, Flexible CD, IRAs, and overdraft assurance; feature-rich loan programs including mortgages, home equity credit, vehicle loans, personal and small business loans and lines of credit; and merchant card processing. Merchants Bank offers a strong set of commercial and government banking solutions, delivered by experienced banking officers in markets throughout the state; these teams provide customized financing for medium-to-large companies, non-profits, cities, towns, and school districts. Merchants Trust Company, a division of Merchants Bank, provides investment management, financial planning and trustee services. Please visit www.mbvt.com(link is external) for access to Merchants Bank information, programs, and services. Merchants’ stock is traded on the NASDAQ National Market system under the symbol MBVT. Member FDIC. Equal Housing Lender.Some of the statements contained in this press release may constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements reflect Merchants’ current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause Merchants’ actual results to differ significantly from those expressed in any forward-looking statement. Forward-looking statements should not be relied on since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond Merchants’ control and which could materially affect actual results. The factors that could cause actual results to differ materially from current expectations include changes in general economic conditions in Vermont, changes in interest rates, changes in competitive product and pricing pressures among financial institutions within Merchants’ markets, and changes in the financial condition of Merchants’ borrowers. The forward-looking statements contained herein represent Merchants’ judgment as of the date of this release, and Merchants cautions readers not to place undue reliance on such statements. For further information, please refer to Merchants’ reports filed with the Securities and Exchange Commission. — Non-accrual loan balances ended 2008 at $11.48 million. Balances on these loans were reduced significantly during 2009 as a result of $5.67 million in collections during 2009 combined with $1.09 million in write- downs, resulting in ending balances at December 31, 2009 of $4.72 million on this group of non-accruing loans.– New loans totaling $12.37 million were added to non-accrual during 2009. Balances on these loans were reduced during 2009 by $2.01 million in repayments and $780 thousand in write downs resulting in ending balances at December 31, 2009 of $9.58 million on this group of non-accruing loans.– The total December 31, 2009 ending balance of $14.30 million in non- accruing loans consists of $4.72 million in net balances that have been on non-accruing for more than one year, and $9.58 million in net balances that were added during 2009. The additions to non-accrual reflected management’s concerns regarding fundamental credit issues which could affect borrowers’ ability to repay the loans and not, in most cases, as a result of payment delinquencies. Of the total non-accruing loans at year-end 2009, approximately 77% were attributable to six borrowers. Approximately $4.65 million of total classified loans carry some form of government guarantee. “Asset quality will remain a major focus for us in 2010. We have made good progress in reducing the non-accrual balances that started the year and also have detailed plans to reduce the December 31, 2009 balances during the course of 2010,” stated Mr. Tuttle.Merchants’ noninterest income increased $1.66 million to $10.32 million for 2009 compared to $8.66 million for 2008. Excluding gains (losses) on security transactions, Merchants’ noninterest income increased $151 thousand to $9.10 million from $8.95 million for 2009 compared to 2008. Trust Company income continued to decrease through the first three quarters of 2009 compared to 2008, but was higher for the fourth quarter of 2009 compared to the fourth quarter of 2008. Although the value of Trust Company assets under management has rebounded during 2009, values have not returned to their early 2008 levels. Service charges on deposits were $234 thousand higher in 2009 than 2008, primarily a result of slightly higher net overdraft fee revenue. Merchants’ expense related to Equity in Losses of Real Estate Limited Partnerships increased to $2.05 million for 2009 compared to $1.85 million for 2008 as Merchants continued its support of affordable housing in Vermont. Some of these partnerships generate historic rehabilitation credits which helped to reduce Merchants’ effective tax rate for 2009 to 23.1% compared to 24.0% for 2008. Other non-interest income was positively impacted by a gain of $180 thousand on the sale of Merchants’ Windsor, VT office.Total noninterest expense increased 14.2% to $40.10 million from $35.10 million for 2009 compared to 2008. There are several reasons for this increase:last_img read more

Players need at least four weeks to get fit, Partizan Belgrade coach says

first_imgPlayers will need at least four weeks to regain match fitness once coronavirus lockdown measures are lifted and they are able to resume training, Partizan Belgrade coach Savo Milosevic has said.The 46-year-old former Yugoslavia striker, who scored 37 goals in 102 internationals, pointed out on Sunday that a return to normal training would be gradual. “We will train in groups of nine, keeping in line with the government’s measures,” Milosevic, who won the 1996 English League Cup with Aston Villa, said.He added: “That means players will have to be a mandatory two metres apart at all times.“There will be no team lunch or other gatherings before or after training.“The pandemic has had a crippling effect.“Players have been idle for two months now and they will need at least four weeks to get back into shape, otherwise there is a big danger of injuries when the season eventually resumes.” Serbian clubs are to resume training on Monday when the Balkan nation’s government is to ease a set of measures introduced to curb the COVID-19 virus.They include daily curfews from 5pm to 5am on weekdays and more stringent ones at weekends, lasting around the clock from Friday afternoon until Monday morning.Serbia has registered over 9,000 confirmed cases and 189 deaths related to the virus.Some coaches and pundits maintain the 16-club top division could resume in late May or early June.They suggested that the seven playoff rounds should be axed in order to make time for a summer break. Champions Red Star Belgrade lead the standings on 69 points from 26 games, 11 more than city rivals Partizan Belgrade.Milosevic is confident football will quickly find its feet once competitive matches resume.“The game is largely independent budget-wise and I believe it will get back to normal relatively quickly, as television broadcasters will insist,” he said.“But the reason it might not hit the ground running is that players need time to get back to full fitness.”RelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians Reuters/NAN.Tags: COVID-19FITNESSLockdownMatch FitnessPartizan BelgradePLAYERSlast_img read more

2009: A Last Look Back

first_imgMembers of the Ellsworth-based Woodlawn Croquet Club — (from left) Tim McCormick, Charles Alexander, Randall McAndrews, Larry Stettner, Perry Mattson and, kneeling with a victory cigar, Ben Rothman — pose with U.S. Croquet Association President Richard Curtis in West Palm Beach, Fla., after winning a national championship in the medium-sized club division in March.—LARRY STETTNERMARCH• Boys’ gymnastics team from Springers’ Gymnastics Center in Ellsworth wins state title.APRIL• Cynthia Stroud of Brooklin and Mia Kanazawa of Brooksville join with Marieke Rolland of Florida to win U.S. Women’s World Cup Qualifying Tournament in the sport of petanque.• Evan Graves, formerly of Bar Harbor, is top Maine runner, placing 32nd overall among more than 26,000 runners in Boston Marathon.MAY• Dick Scott of Ellsworth, a standout Ellsworth High School athlete and current director of player development for the Toronto Blue Jays baseball team, is inducted into the Maine Sports Hall of Fame.Dominic Kone of the Bucksport Golden Bucks had the performance of his life at the State Class C Outdoor Track and Field Championships at McMann Field in Bath on June 6. Kone set a state record of 10.99 seconds in winning the 100-meter dash, won the 200-meter dash in 22.81 seconds and cleared 21 feet, 11.5 inches to win the long jump. He also combined with three other teammates for the championship in the four-by-100-meter relay with a time of 44.87 seconds.—PRILL BISHERJUNE• Lumberjill Michelle Morse of Eastbrook invited to represent United States on all-female team competing at Royal Adelaide Show in Australia.• Eastern Maine tennis championships go to Ellsworth Eagle boys in Class B, George Stevens Academy Eagle girls in Class C.• GSA Eagle boys win Eastern Maine Class C baseball championship.OCTOBER• Mount Desert Island Trojan girls win fifth consecutive Penobscot Valley Conference cross-country championship.Maine Maritime Academy running back Jim Bower became the school’s first football player ever to be named an Associated Press and D3football.com All-American. Bower was the nation’s leading rusher in NCAA Division III, averaging 160.5 yards a game, and led the Mariners to the New England Football Conference title and their first-ever appearance in the NCAA Division III Tournament.—MIKE OLESNOVEMBER• Ellsworth Eagle boys complete undefeated Eastern Maine soccer season with a record of 16-0-1 and a 16th Class B title before falling to Yarmouth 3-0 in state championship game.• Maine Maritime Academy’s Lady Mariners win third consecutive North Atlantic Conference volleyball championship.For more sports news, pick up a copy of The Ellsworth American. Latest Posts For the second time in three years, the Deer Isle-Stonington Mariners won the State Class D Baseball Championship, this time with an eight-inning come-from-behind 5-4 victory over the Richmond Bobcats on June 20 at St. Joseph College in Standish. The Mariners had finished fourth in Eastern Maine and knocked of the number five, three and one teams in the regional playoffs.—MIKE OLESJANUARY• Wrestlers Ray Wood and Craig Woodard of the Bucksport Golden Bucks reach the 100-win milestone.FEBRUARY• Bucksport Golden Bucks win Eastern Maine Class C Wrestling Championship.This is placeholder textThis is placeholder text• Danielle Hutchins of the Mount Desert Island Trojans caps a string of record-setting performances in Eastern Maine competition by winning state indoor track titles in the 200-meter dash in 26.33 seconds and the 400-meter dash in a state record time of 1:00.01.• Mount Desert Island Trojan boys win sixth consecutive state Class B swimming championship. admin Bio Latest posts by admin (see all) House fire in Winter Harbor – October 27, 2014 Hancock County Court News Nov. 3 thorugh Dec. 11 – January 22, 2015 State budget vs. job creation – January 22, 2015last_img read more

Noble House Seafoods Second-Division two-day cricket…

first_imgMYO register 10-wicket win despite Enmore’s centuryTHE Muslim Youth Organisation (MYO) registered a 10-wicket win at home yesterday despite a century from captain of Ace Warriors, Rawl Enmore, on the final day of their clash in the Noble House Seafoods Second-Division two-day cricket competition.On Saturday, the home team had raced to a 130-run lead, but Enmore, who batted well in the second innings, had kept his team in the game. On Sunday morning, the skipper continued his dominance, but he had little support. With his stroke play, the team did add 65 extra runs, which forced MYO to bat again—but that target was reached in quick time without the loss of a wicket.Scores in the game: Ace Warriors 89 all out in 23 overs and 162-9 in 28 overs; MYO 219 all out in 39.1 overs and 34-0 in six overs.On Saturday, MYO’s teenagers, Joshua Gardner and Bryion Bowen had combined for all 10 Ace Warriors first innings wickets. Gardner, with his off-spin, captured a match-high 6-36, while pacer Bowen took 4-33 from eight overs to restrict the visiting side under three figures.MYO, in reply, were led by Skipper Khemraj Ramdeen, who scored an aggressive 59Anthony King did the damage for the home team with the ball on Sunday.(12x4s).Although the home team were looking to finish the match early, Enmore, who led from the front in the second innings, continued from his 60 not out at the close of play on Saturday to score Ace Warrior’s first century this season. Enmore’s 109 included 14 fours and five sixes. He, however, lost his wicket to opening pacer Anthony King, who grabbed three of the four wickets that fell yesterday (one of the Ace Warriors’ batsmen did not turn up). Except for Enmore, only E. Persaud with 10 managed to reach double figures.In total, King finished with 4-32 from seven overs, while Shaffik Ishmael finished with 4-35 from seven overs.When MYO batted a second time, Rudolph Singh scored 11 not out and Chris Ramdeen 16 not out.last_img read more

DeMarcus Cousins injury update: Warriors center (ankle) to play vs. Pacers

first_imgDeMarcus Cousins will be available to play Thursday against the Pacers, the team announced (via The Athletic).  The Warriors center had been considered “day-to-day” with an ankle injury after undergoing an MRI, but he missed only two games as he sat against the Spurs on Monday and Timberwolves on Tuesday. His MRI came back negative, but he still took a few days off to rest for precautionary reasons. The Warriors hold a 48-22 record heading into Thursday’s matchup and are sitting atop the Western Conference, just a 1/2 game ahead of the Nuggets. Kevin Durant’s ‘adopted brother’ killed outside Atlanta bar, police saycenter_img Cousins left Saturday’s 110-88 win over the Thunder in the fourth quarter after experiencing soreness in his foot, which prompted further evaluation.Center Andrew Bogut stepped in during Cousins’ absence and returned earlier than expected to start his second stint with the Warriors after signing earlier this month. Cousins will reclaim his starting position against Indiana, though Bogut will be available.  Related Newslast_img read more