Cascade Bancorp and its subsidiary, Bank of the Cascades, want to make loans and increase deposits, executives told shareholders Monday, as the corporation recovers from three years of combined losses totaling more than $263 million.

While acknowledging the difficulties of the last several years, Patricia Moss, president and CEO, said the infusion of capital in January has Cascade Bancorp operating above requirements set by federal and state regulators.

“The good news is we have recapitalized, and we are moving forward,” Moss said at the annual shareholders meeting at Bend Golf and Country Club.

She said the bank is well positioned to take advantage of future growth, and told shareholders that if they know anyone with good credit seeking to expand a business, Bank of the Cascades wants to talk to them.

“We are in the business of making loans,” Moss said.

While the bank will not be loaning money for land development, such as new subdivisions, Bank of the Cascades will make mortgage, business and other types of loans.

Shareholders on Monday voted on a handful of issues, all of which were approved, Moss said. They included electing board members and amending a 2008 performance incentive plan.

The latter question affected one-time incentive compensation awards for five executives, which the board approved March 30, according to documents filed with the U.S. Securities and Exchange Commission.

Executives received shares of restricted stock, along with cash ranging from about $117,000 for Moss to $32,000 for three others. The board also approved raises March 30 for four of the same executives, ranging from about 3 percent to 5.5 percent. The move increased Moss’ pay to about $403,000, according to the SEC documents.

During the shareholders meeting, Moss faced questions from the 80-90 people in attendance.

In response to a question about ensuring the bank makes good loans in the future, Moss said the company has hired a new chief credit officer to improve risk management.

“We certainly have the opportunity to manage credit much better in the future,” she said.

But Cascade Bancorp was not alone. Regulators closed six Oregon banks in 2009 and 2010. Three of them had operations in Central Oregon.

In August 2009, Cascade Bancorp entered into a consent order with regulators. The company posted net losses of $134.6 million in 2008, $114.8 million in 2009 and $13.6 million last year.

In November, Moss announced agreements with private investors to buy $177 million of common stock. Completed in January, the sale helped push the company’s capital ratios above the level set by regulators in the consent order, although the order remains in place.

In the fourth quarter, Cascade Bancorp recorded $1.4 million in net profit, its first in two years. The company expects to release its first-quarter report later this week, Moss told shareholders.

One audience member on Monday asked how long the three new major stockholders would stay invested in the company. The three — along with David F. Bolger, who merged his Idaho bank with Cascade Bancorp in 2006 — were considered lead investors in the $177 million stock sale.

Representatives of all four stood and said their firms believe in Cascade Bancorp.