Heppner Gazette-Times, Heppner, Oregon Wednesday, January 28 2009 - THREE
Mock inauguration
held at lone School
BEO announces net income for 2008
B EO B an co rp
Bank of Lastern Oregon
and its subsidiary. Bank
o f Eastern Oregon, re
T ilt I K i s k - f l a s e d Ä p i t a l
i-
cen tly announced net
total R i s k - 8 a x e d ( ;ipit;il________
in c o m e fo r 2008 o f
$2,047,000. This is the
board o f directors added
second year in a row' that $1,778,000 during the year
earnings have surpassed $2 to reserve for loan losses.
million.
Year-end reserve for loan
Financial Highlights
losses stood at $3,635,074,
Net Income for 2008 or 2.03% o f loans. “ We
was $2,047,000, 12% lower continue to monitor the loan
then the record profits o f portfolio carefully,” said
2007 o f $2,325,000. Earn Jeff Bailey, president and
ings per share were $2.32, chief credit officer. “Non
compared to the previous performing assets have in
year’s $2.64 per share total. creased from .02% to 1.73%
“We are very proud of the year over year. Non-accrual
results our employees were loans at year end totaled
able to deliver to the bot $2,427,000. Other real es
tom line in these uncertain tate stands at $1,519,000.
times,” said CEO, E. George We have added staffin g
and resources to the special
Koffler.
Considering the de credits area as the need has
terioration in the economy dictated. Current appraisals
and potential weaknesses show sufficient collateral
in the loan portfolio, the cov erage to mitigate the im
F O I L ' G u i d e l i n e s f o r a W e ll-
2008
2(X )7
r r n r ----------- ---------- V~TT
B
k
i— -
h :
= z L : .%
■
.
pact o f additional market
declines,” he concluded.
Growth
L o an le v e ls in
creased to $175,791,000
from $ 148,274,000 year over
year, an 18.6% increase. De
posit totals improved year
over year from $ 170,160,000
to $ 1 8 8 ,9 5 8 ,0 0 0 , an
11% increase. Total A s
sets in c re a se d 9.8% to
$227,994,000 at year end
compared to $207,636,000
at year end 2007.
Capital
C apital ratios d e
clined slightly year over
year (see chart) due to strong
asset growth in 2008. The
bank continues to exceed
FDIC guidelines for well-
-
_
1Q.QQ° d
capitalized banks in all re
spects.
“ We are consider
ing several alternatives for
building capital to support
future grow th and to prov ide
an additional cushion should
the economy worsen or the
recession be prolonged,”
said Koffler. “During 2009.
we expect organic growth
in our traditional markets
and continued growth from
our new branch location
in Enterprise, Oregon,” he
added.
For further informa
tion on the Company or to
access internet banking,
please visit our website at
http://www.beobank.com.
Morrow County Court holds January meeting
Top Photo:President Barack Obama (Tré Neal), Michelle Obama
(Babali Peterson), and one of their “daughters” march into the
lone School gym. Bottom Photo: the Reverend Rick Warren
(Joshua Stillman) gives the invocation during the mock inaugu
ration held at lone Community School. -Photos by April Sykes
Boardman to honor heroes
during annual event
B oardm an M ayor
C het P hillips announced
Tuesday that the city, along
with the Boardman Fire De
partment, will be honoring
Richard Carroll and Edgar
Juarez for their acts o f hero
ism during an apartment fire
at the Columbia Villa Apart
ments in Boardman.
Mr. Carroll and Mr.
Juarez w ere resp o n sib le
for rescuing their neighbor,
M elanie P ike, from her
apartment while it was fully
engulfed in flames the eve
ning o f December 26, 2008.
They extinguished her hair
and clothing while waiting
for emergency medical tech
nicians to arrive. Ms. Pike
was critically injured and
later died from her injuries
at Legacy Emanuel Hospital
in Portland.
The Hero’s Recog
nition will be held Friday,
February 6, at Riverfront
Center, #2 M arine Drive,
in Boardman at 6 p.m. dur
ing B oardm an’s C itizens
Awards Reception. The re
ception is an annual event in
which Boardman honors it's
Citizen o f the Year, Educa
tor o f the Year, Business-
person o f the Year and the
Boardman Pioneer. Tickets
for the event can be pur
chased at Boardman City
Hall, Boardman Chamber
of Commerce, Banner Bank,
Bank o f Eastern Oregon,
or Boardm an H ealthm art
Pharmacy & Hardware for
$35 per person.
In other City news,
Councilors approved spon
soring an ap p licatio n to
update to the E nterprise
Zone and appointed the City
M anager to serve on the
application committee. The
Boardman Urban Renewal
D istrict appointed former
mayor, Ed Glenn to serve as
its executive director.
The next regularly
scheduled meeting o f the
Boardman City Council is
Tuesday, February 3, 7 p.m.
at Boardman City Hall.
Murray named to dean’s list
The Morrow County
Court met on January 14.
Follow ing is a summary
o f the meeting prov ided by
Leann Rea.
-The court reviewed
the written road report. The
report stated that the Road
Department was continuing
w ork on the Road C an
yon Project. The temporary
bridge has been delivered
to the site where the crew
is working on setting the
footings for placement o f
the bridge. Some of the crew'
is doing ditch and shoulder
w ork along U pper Rhea
C reek Road from Road
Canyon junction to Basey
Canyon junction. There are
also three graders working
on some of the grav el roads
to repair damages from the
recent winter storms. The
crew has been working on
signs all over the county.
The sign w ork has been
completed in the Boardman
and Irrigon areas as well
as many of the roads in the
south end o f the county.
-The court rev iewed
a study from the Oregon
Department o f Transporta
tion regarding speed zones
on Kunze Road. The report
suggested the speed limit
on Kunze be 40 MPH from
M iller Lane to the Paul
Smith Road intersection.
The balance o f Kunze Road
west would be 45 MPH.
-The Planning Di
rector prov ided a report on
the DEQ Regional Haze Pro
posed Rulemaking meeting
that was recently attended.
Morrow SWCD Board
meeting to be held
The court was prov ided w ith
a copy of the DEQ presenta
tion as well as a copy o f a
presentation made by PGE.
If the rules as presented by
DEQ were to be adopted as
presented it would create a
great hardship on the local
coal fired plant located in the
Boardman area. This could
create a pow er shortage
throughout the state with
the greatest impact to the
Portland area.
-The court heard a
report from the Maintenance
Department regarding re
pairs needed to the Museum
roof. As m ost know the
recent winter storm caused
some problems which re
sulted in the roof leaking
and causing damage to some
articles in a storage area. It
was reported that the insur
ance adjuster has been to the
museum and rev iew ed all of
the damaged items.
-The court again re
viewed the Morrow County
Court Committee Appoint
m ents for 2009. Several
changes were made, a final
list will be provided at the
next meeting for the court's
rev iew and final decision.
Anyone wishing to
be put on the e-mail list to
receive copies of the court’s
minutes should contact Kar
en Wolff at (541)676-5620.
Apartment remodel
project almost completed
The Morrow SWCD Board has a meeting sched
uled for Tuesday, February 3, at 6 p.m. at the Ag Serv ice
Center in Heppner. Agenda items include: January 2009
meeting minutes, treasurer’s report, written staff report,
07-08 Audit review, annual meeting review, annual report
review, agency reports. A conference call may be neces
sary.
Meetings of the Morrow SWCD are open to the
public. The meeting location is accessible to persons with
disabilities. A request for an interpreter for the hearing
impaired or for other accommodations for persons with
disabilities should be made at least 48 hours before the
meeting to Janet Greenup, 541-676-5452 ext. 109.
Birth Announcement
Xander Thomas New man - Charissa Gates and
Carroll College in Helena, MT recently announced Jim Newman of Pendleton announce birth of a son, Xander
that Sean Murray o f Heppner was named to the 2008 fall Thomas Newman, on January 14, 2009.
semester dean’s list. Murray achieved a 4.0 GPA for the
At birth he weighed eight pounds, nine ounces.
fall semester.
Grandparents are Tom and Arlinda Gates o f lone
and Karen Newman o f Phoenix, AZ.
Great-grandparents are Gloria Klimaschesky o f
Heppner and Clifford Aldrich o f Rainier.
New ATV Safety Laws
FREE online certification
New safety laws are now in effect for operating quads
and three-wheel ATVs (Class I ATVs) and off-road mo
torcycles (Class III ATVs) on lands open to public use.
(See chart below for age-related timelines.) In order to
make training as convenient as possible, the Oregon
Parks and Recreation Department now offers this free
safety and education program and certification online
on the website www rideATVoregon.org.
SAFETY TRAINING EXEMPTION: Safety training isn't
mandatory for riders using an ATV or off-road motorcy
cle for farming, agriculture, forestry, nursery, Christmas
tree growing operations or when riding on private land.
M a n d a t o r y t r a in in g A g e s
Year
Mandatory Safety Training Age
Jan 1, 2009
Y outh 15 and under and ad ults
s u p e rv is in g youth
Jan. 1, 2010
30 and u n der
Jan. 1. 2011
40 and under
Jan 1. 2012
50 and under
Jan 1,2 013
60 and un der
Jan. 1, 2014
A ll ride rs m u st have an ATV
safety ed ucation card
Estate
By DAVID SYKES
REALTOR
BEWARE OF THE FOUR PLAGUES
In biblical days, there were
the ten plagues. In showing
a home to its best adv antage
today, there are four contem
porary "plagues” to avoid:
Odor. heat, dimness, and
noise.
Keep the household air
fresh and clean-smelling.
Do not cook foods that have
over powering odors during
a showing. You may love
garlic. Your prospect may
not.
A noisy domicile hardly
conveys serenity.
Avoid
such distracting noises as the
TV, radio, stereos, clamor
ing children, and barking
dogs.
For daytime show
ings, allow maximum sun
light to enter. At night use
outdoor lights and a well-
lighted interior to convey a
sense of cheer and w armth.
In hot weather turn on the
attic fan or air-conditioners.
During w inter keep the in
terior temperature no higher
than 70. mindful that pros
pects are w earing their outer
clothing. For more tips on
show ing your home, call our
office.
Property listings are available
Morrow County OHV Park is active in these changes
and do offer the hands on training ATV Safety Insti
tute and the MSF Motorcycle safety foundation do have
instructors on site Any questions or concerns please
contact Morrow County 541-989-9500
I
Billie Lacey shows off her recently remodeled kitchen in her
apartment above the St. Patrick's Senior Center. Also pictured is
another kitchen in a larger apartment that was remodeled. The
remodeling project will be finished in approximately four weeks.
-Photos by Autumn Morgan
Senior Center Menu
Heppner Christian Church members will be serving
lunch on Wednesday, February 4. The menu will include:
turkey tetrazzini, sliced peaches, hot rolls, and cookies.
Morrow
Public
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N o r t h a n d S o u t h e n d T r a n s f e r S t a t io n s a c c e p t in g
C O M P U T E R M O N IT O R S . D E S K T O P C O M P U T E R S A N D L A P T O P S
A L L FRE E OF C H A R G E A T TH ESE M O R R O W C O U N T Y
L O C A T IO N S .
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H o u r s o f o p e r a t io n
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at H-ww.svkesrealestate.net
188 W. Willow • P.O. Box 337 • Heppner, OR 97836
(541) 676-9228 • Cell (541) 980-6674
Fax (541)676-9211
E-mail: david@sykesrealestate net
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