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About Wallowa County chieftain. (Enterprise, Wallowa County, Or.) 1943-current | View Entire Issue (Feb. 8, 2017)
Business wallowa.com Wyman takes on new role at power company BEO Bancorp reports 2016 earnings Pacifi c Power has named Lori Wyman as the new re- gional business manager for Umatilla, Wallowa, Gilliam, Sherman, Wasco and Hood River counties. Wyman is responsible for building and maintaining Pa- cifi c Power’s civic involve- ment through community activities, support of indus- trial customers, infrastructure development and contri- butions for community enrichment. “I am look- ing forward to becoming Wyman a presence in all the com- munities we serve,” she said. Prior to joining the com- pany, she spent 19 years with Puget Sound Energy. She served on the King County Utility Coordination Council. Wyman recently relocat- ed to Pendleton from Ellens- burg, Washington. Wyman attended Clover Park Technical College in Tacoma, University of Wash- ington and Central Wash- ington University. She has a strong back ground in utility construction, fi eld practices, coordination and storm res- toration. Wyman is committed to community development and plans to join various commu- nity boards in the six counties she serves. Wyman has a son who recently fi nished his naval tour and is now attending Central Washington Univer- sity. Wyman likes to walk her dog, hunt, hike, fi sh, golf and spend as much time as possi- ble with her son. BEO Bancorp and its sub- sidiary, Bank of Eastern Ore- gon, announced consolidated year end 2016 earnings of $3.39 million, an increase of 12.3 percent when compared to $3.017 million in 2015. Basic earnings per share were up 13.8 percent from $2.46 in 2015 to $2.80 in 2016. Total assets increased 7 percent from $357.3 million to $382.2 million. Net loans ended 2016 at $302.3 million up 6.6 percent year over year. Deposits increased 7 per- cent from $317.7 million to $340.1 million. “We are very pleased with the 2016 results,” said Jeff Bailey, president and CEO. “Net income is at an all-time high for BEO Ban- corp. The increase in profi ts was fueled by strong net in- terest income and provision for loan losses which was down 51.7 percent year over year.” “As an agricultural-based institution, we are seeing tighter margins for our farm- ers and ranchers,” Bailey said. “After a number of years of strong commodity prices, we are seeing the less pleasant part of an agricul- tural cycle. Increased world wheat stocks and decreased beef demand coupled with a strong dollar, have equated February 8, 2017 A7 Wallowa County Chieftain to lower prices. We are en- couraged by the increased moisture that we are experi- encing this winter. As with every year, we will just have to wait and see what materi- alizes”. “Total shareholders’ eq- uity increased 6.8 percent year over year to $29.74 million, an all-time high for the bank,” said Mark Lem- mon, chief fi nancial offi cer, “In December, the Fed in- creased rates as expected and most experts expect modest, measured increases during 2017.” Bailey said 2016 “was a good year for the bank. Earn- ings per share were $2.80 up Soroptimist community grant applications open Soroptimist International of Wallowa County has for- malized an application pro- cess for community grants for projects that would have “signifi cant impacts “in Wal- lowa County. The grant should meet the Soroptimist mission: improv- ing the lives of women and girls through programs lead- ing to social and economic empowerment. Criteria for application: 1) Contributions will be made only to projects in Wallowa County, 2) Awards will be made in support of health, education, environment, and the ad- vancement of the status of women and children for the betterment of the commu- nity, 3) A project budget is requested, and 4) Preference will be given to projects of program delivery. Projects including administrative and/ or operating expenses will be considered, while awards to individuals will be excluded. Awards will be made based upon the availability of funds and needs assessment. Award requests can range from $1,000 to $5,000. Awards may be made to more than one recipient. In 2016, $5,000 was awarded to Building Healthy Families, $3,875 to Wal- lowology and $3,140 to Wal- lowa School District. Applications are available at: Bookloft (Enterprise), Wallowa Public Library (Wallowa), beecrowbee (Jo- seph), Thrift Shop or by calling Dolores Bridges, 541- 432- 0467. Most of the Soroptimist income comes from the So- roptimist Thrift Shop in En- terprise. Soroptimist Inter- national of Wallowa County supports numerous projects in Wallowa County as well as scholarships to high school students headed to college or technical schools, older women returning to school, and women returning for graduate degrees. Please return applications 13.8 percent year over year. These results are only possi- ble with a dedicated group of employees serving the fi nan- cial needs of dedicated cus- tomers and shareholders. It is rewarding to see our mar- ket area and share continue to expand. 2017 is bound to have its own set of unique challenges, but the bank is well positioned to build on prior years’ success. We look forward to serving the bank- ing needs of eastern Oregon and Washington for many years to come,” he said.. BEO Bancorp is the hold- ing company for Bank of Eastern Oregon, which op- erates 13 branches and fi ve loan production offi ces in 12 Eastern Oregon counties, in- cluding the Enterprise branch in Wallowa County, and one in Eastern Washington. I found Dad’s remote in the fridge again. …I’m beginning to get worried. IT’S NOT LIKE HIM. by March 15, to the Sorop- timist Thrift Shop or mail to Soroptimist, P.O. Box 127, Enterprise, OR 97828. New arrivals for VALENTINE’S DAY! Old gringo boots Miss Me for spring Sparkly jewelry Stop by today! Open 10am - 5pm daily WE CAN HELP. Call us with questions about aging and Alzheimer’s. 1-855-ORE-ADRC Uptown Clothing & Accessories in Downtown Joseph 12 S. Main St. • 541-432-9653 HelpForAlz.org OREGON DEPARTMENT OF HUMAN SERVICES PROGRAM R omance A Touch of Enterprise 307 W. North Street Next to Wilderness Inn 541-426-3500 Joseph 507 N Main Street 541-432-0380 Let our delicious quisine and famous margaritas set the mood for a memorable Valentine’s Day. Valentines Day Special: 2 top sirlion steaks & 2 soft drinks $25.00
