I
Record-Courier
9
THURSDAY,* APRIL 21,2016
Bank of
Eastern
Oregon First
Quarter
Announcement
BEO Bancorp (OTCBB:
BEOB) and its subsidiary,
Bank of Eastern Oregon, an
nounced first quarter 2016
consolidated net income of
$782,000 or $0.64 per share,
compared to $470,000 or
$0.39 per share for first quar
ter 2015. Total assets were
$352.3 million up 3.7 percent
year over year. Net loans of
$284.0 million were up 3.8
percent from the same period
in 2015, while deposits were
at $312.3 million up 3.4 per
cent year over year.
“2016 is off to a strong start.
We are seeing managed
growth in both loans and de
posits. Profits add to share
holder equity which is up 5.26
percent year over year,” said
President and CEO Jeff Bai
ley.
Chief Financial Officer Mark
Lemmon said, “Net income is
up 66.7 percent from last
year. Return on Average As
sets is 0.88 percent com
pared to 0.56 percent last
year; with Return on Average
Equity at 11.12 percent ver
sus 7.22 percent in 2015.”
Lemmon went on to say, “His
torically first quarter marks
the low point in our earnings
cycle as Ag loans are at their
seasonal low. As lines of
credit get utilized with the
2016 growing season, we
should see our loan volume
increase accordingly.”. '
Chief Operations Officer
Gary Propheter said, “Steady
growth in loans and deposits
bodes well for our brand of
banking. I complement our
branch and loan office per
sonnel for providing the kind
of service our customers
want and deserve.”
“Spring is here and we
have experienced better rains
and better snow pack across
our trade area than we have
had Jon the past few years.
We are cautiously optimistic
about the prospects for this
year’s crop, but we fully un
derstand that we have a long
way to go before harvest.
Even with the drought of the
past couple of years, our loan
portfolio has performed rela
tively well” concluded Bailey.
For further information on
the Company or to access in
ternet banking, please visit
our website at http://www.
beobank.com.
About BEO Bancorp
BEO Bancorp is the holding
company for Bank of Eastern
Oregon, which operates 13
branches and five loan pro
duction offices in eleven east
ern Oregon and 1 eastern
Washington
counties.
Branches are located in Ar
lington, lone, Heppner, Con
don,
Irrigon,
Boardman,
Burns, John Day, Prairie City,
Fossil, Moro, Enterprise, and
Pasco; loan production of
fices are located in Ontario,
Pendleton, Island City, Lake
view, and Madras. Bank of
Eastern Oregon also oper
ates a mortgage division, and
operates a branch under the
name of Bank of Eastern
Washington. The bank’s web
site is www.beobank.com.
Forward-Looking
State
ments
The statements contained
in this release that are not
historical facts are forward-
looking statements based
upon management’s current
expectations and beliefs con
cerning future developments
and their potential effect on
BEO Bancorp. There can be
no assurances that future de
velopments affecting BEO
Bancorp will be the same as
those anticipated by manage
ment.
Actual results may differ
from those projected in the
forward-looking statements.
These forward-looking state
ments involve risks and un
certainties. These risks and
uncertainties include, but are
not limited to:
Competitive pressures in
> file banking and
financial industries.
Changes in interest rate
environment.
General economic
conditions, nationally
regionally, and in
operating markets.
Changes in regulatory
environment.
Changes in business
conditions and inflation.
Changes in securities
ANNOUNCEMENTS
HELP WANTED
The LDS Family History Cen
ter, 2625 Hughes Lane is open
Tuesday 1-4 p.m.; Wednesday
10-1 p.m. and 5:30- 8:30 p.m.;
Thursday 10-1 p.m.; Friday 1-4
p.m. and by appointment.
(Phone 541-523-2397 during
regular hours or 541-524-9691
any time) Consultants help
everyone use Ancestry.com;
Find My Past; Heritage Quest
Online and other family history
websites free of charge.
BAKER SCHOOL DISTRICT 5J is
currently accepting applications
for a Confidential Administra
tive Assistant to the Superin
tendent and School Board. For a
complete description of the
position and the application
process go to www.baker.k12.
or.us. You may also call Norma
Nemec at 541 -524-2260.
On Saturday, May 7, special
classes for everyone interested in
finding more about their ancestors
are available from 9a.m. until 2:30
p.m. Classes for seasoned
genealogists and individual hands
on trairiirig for beginners will be
available, freeof charge. Look for
more details in future articles or
phone 541-524-9691.
LIVESTOCK
MILES BREEDING SERVICE
A.I., Semen Sales,
Heat Synchronization
Myron Miles, 898-2140 <tfn>
HELP WANTED
.JI
■ Part time contract *
position, local
j farmers market
>
f manager. May thru :
I October, 10 hrs a J
L
week. For job
f
description and info,
"t^all 541-523-5203?
BAKER SCHOOL DISTRICT 5J is
currently accepting applications for
a Diagnostician / Speech
Language Pathologist for Baker
School District. For a complete
description of the position and the
application process go to
www.baker.k12.or.us. You may also
Call Norma Nemec af 541 -524-
2261.
BAKER SCHOOL DISTRICT 5J is
currently accepting applications for
a Baker High School English
Language Arts teacher. For a
complete description of the position
and the application process go to
www.baker.k12.or.us. You may also
call Norma Nemec at 541-524-
2261.
BAKER SCHOOL DISTRICT 5J is
currently accepting applications for
a Baker High School Guidance
Counselor. For a complete
description of the position and the
application process go to www.
baker. k12.or. us. You may also call
Norma Nemec at 541 -524-2261.
BAKER SCHOOL DISTRICT 5J is
currently accepting applications for
a Fifth Grade Teacher at Haines
Elementary. For a complete
description of the position and the
application process go to
www.baker.k12.or.iis. You may also
call Norma Nemec at 541 -524-
2261. .
PUBLIC MEETINGS
www.therconline.com
Hughes Lane,. Baker
Celebrate Recovery: Hurts, The Medical Springs Rural Fire
Habits, and Hangups; Tuesdays at Department meeting is the 1st
6:15 p.m. in the Family Life Center, Thursday of every month, 7 p.m. at
1250 Hughes Lane, Baker City.
Pondosa Station.
Veterans Safe Zone: Veterans
Support Group; 1 st and 3rd Monday
of every month at 6 p.m. in the left
wing of the Nazarene Church, 1250
54i.856.36i5
PUBLIC MEETINGS
Powder Valley Water Control
District meets the 2nd Monday of
the month at 7 p.m. at 690 E. Street,
North Powder, OR 97867.
The Baker Rural Fire District
meets the 3rd Tuesday of every
month at 7 p.m. at the Pocahontas
Fire Station, with the exception Of
May and June when they hold their
budget meeting at 6 p.m. with the
regular meeting following at 7 p.m.
The North Powder Rural Fire
Protection District meets the
second Wednesday of the month at
7 p.m. at the Rural Fire Building,
340 "E" Street, North Powder.
Burnt River Irrigation District
meets the second Tuesday of every
month at 1 p.m. at the office of
Silven, Schmeits & Vaughan. 1950
Third Street in Baker City.
The North Powder Cemetery
Maintenance District meets the
last Tuesday of the month at 5 p.m.
at the Grange in North Powder.
Safe Haven: Alzheimer/ Dementia
Caregivers Support Group. Second
Friday of every month at 11:45 a.m.
in the Fellowship Hall (right wing of
Nazarene Church). Lunch will be
provided. 1250 Hughes Lane, Baker
City. .
The Haines Fire Protection
District will meet on the first
MONDAY each month at 7 p.m.
through the winter months.
Meetings are held at the Public
Library in Haines.
NOTICE OF BUDGET COMMITTEE MEETING
A public meeting of the Budget Committee of the City of
Sumpter, Baker County, State of Oregon, to discuss the
budget for die fiscal year July i, 2016 to June 30, 2017 will
be held at the Sumpter City Hall, 240 N. Mill Street, Sumpter
Oregon. The meeting will take place on 12th of May 2016 at
3:00 p.m.
The purpose of the meeting is to receive the budget message
and to receive comments from the public on the proposed
budget.
This is a public meeting where deliberation of the Budget
Committee will take place. Any person may appear to discuss
the proposed programs with the Budget Committee.
A copy of the budget document may be inspected or
obtained on or after May 12,2016 at Sumpter City Hall, 240
N. Mill Street, Sumpter, Oregon, between the hours of 8 am
noon and 1 pm to 5 pm, Monday through Friday.
At this meeting, a PUBLIC HEARING will be held to
receive written and/or oral comments on the possible use of
State Revenue Sharing Funds received by the City of
Sumpter.
vThecCity of Sumpter complies With Section 504 of the?
Rehabilitation Act of 1973 and the Americans with
Disabilities Act. Assistance is available for individuals with
disabilities by calling 541-894-2314 or the Oregon
Telecommunication Relay Service.
LEGAL NOTICE
NOTICE OF BUDGET COMMITTEE MEETING
A public meeting of the Budget Committee of the Budget Committee of the North
Powder Cemetery District, Union County, State of Oregon, to discuss the budget for
the fiscal year July 1,2016 to June 30,2017, will be held at the Grange Hall, “E” Street,
North Powder. The meeting will take place on Tuesday, April 26,2016 at 5:00 pm.
The purpose of the meeting is to receive the budget message and to receive comment
from the public on the budget.
This is a public meeting where deliberation of the Budget Committee will take place.
Any person may appear at the meeting and discuss the proposed programs with the
Budget Committee.
A copy of the budget document may be inspected or obtained on or after Monday,
April 25, 2016 at 100 “D” Street, North Powder, between the hours of 10:00 am and
4:00 pm.
NOTICE OF BUDGET COMMITTEE MEETING
A public meeting of the Budget Committee of the Hanes Fire Protection District
t&Muname}
’
discuss the budget for the fiscal year July 1,20 16
Baker County
(Coi«i#.. ■
state of Oregon, to
to June 30, 20 17 . will be held at________ Haines Public Library________
(Location)
818 Cole Street, Haines, OR
The meeting will take place on
(Address)
BAKER SCHOOL DISTRICT 5J
Is currently accepting applica-
tions for a .5 FTE Culinary Arts
position; For a complete
description of the position and
the application process go to
www.baker.k12. or.us, You may
also call Norma Nemec at 541-
524-2260.
Give a Gift Subscription
to the Record-Courier
May 2,2016______ at
LJajri.
1 : BaOO_____ p.m..
(Date)
' ”
The purpose of the meeting is to receive the budget message and to receive comment from the public on the budget.
This is a public meeting where deliberation of the Budget Committee will take place. Any person may appear at the meeting and discuss
the proposed programs with the Budget Committee.
A copy of the budget document may be inspected or obtained on a- after
May 2,2016
(Date)- ;
between the hours of
•
? SBa.ro.
9:00 _____ - Qp.m.
________ 4:00
■
at
Haines City Hall
(Location)
Oajn.
8 p.m..
1S0-S04-073-1 (RW. 11-iS)
BAKER SCHOOL DISTRICT 5J
is currently accepting applica
tions for up to 6 certified
teachers and up to 6 classified
positions to teach Summer
Academy. For a complete
description of the position and
the application process go to
www.baker.k12.or.us. You.may
also call Norma Nemec at 541-
524-2261.
Give a Gift
Subscription
to the
Record-Courier
54i.856.36i5
Notice of Budget Committee Meeting
A public meeting of the Budget Committee of the Baker School District 5J, Baker
County, State of Oregon, to discuss the budget for the fiscal year July 1, 20116 to
June 30,2017, will be held at the Baker School District office at 2090 4th Street, Baker
City, OR 97814. The meeting will take place on May 12, 2016, at 5:00 p.m.
The purpose of the meeting is to receive the budget message and to receive com
ment from the public on the budget.
This is a public meeting where deliberation of the Budget Committee will take place.
Any person may appear at the meeting and discuss the proposed programs with the
Budget Committee.
A copy of the budget document may be inspected or obtained on or after May 9,
2016, at Baker School District 5J between the hours of 7:30 a.m. and 4:30 p.m. This
notice and future notices will be posted on our website at www.baker.k12.or.us