Image provided by: Morrow County Museum; Heppner, OR
About Heppner gazette-times. (Heppner, Or.) 1925-current | View Entire Issue (Oct. 20, 2010)
Heppner Gazette-Times, Heppner, Oregon Wednesday, October 20,2010 - THREE BEO Bancorp reports strong third quarter earnings BEO B an co rp (OTCBB:BEOB) and its subsidiary, Bank of Eastern Oregon, announced 3rd quarter 2010 consolidated net income of $518,000 or $0.56 per share, compared to a loss o f $306,000, or ($0.34) per share for 3rd quarter 2009. Year-to-date earnings are $1,421,000, up 225.2% year over year. Total assets were $249.6 m illio n , up 8.4% y ear over year. Net loans o f $191.2 m illion were up 6.4% from the same period in 2009, while deposits were at $221.0 million, up 11.8% year over year. With a 10. 2% tier one capital ratio, Bank of Eastern Or egon continues to be the strongest capitalized bank in eastern Oregon, as well as having one of the highest capital ratios in the state and well above its national peer group average. “ We a r e v e r y pleased with our 3rd quar ter and year-to-date results. Our provision for possible loan losses and bank-owned property write downs for 3rd quarter 2010 amounted to $325,000, compared to $2.1 million in 2009. Our overall loan portfolio qual ity continues to improve as we work through the linger ing effects of the struggling economy,” said president and CEO, Jeff Bailey. Chief Financial Of ficer Mark Lemmon said, “Year-to-date Return on Average Assets is 0.77% and Return on Average Eq uity is 12.51%, compared to 0.25% and 4.12%, re spectively, year over year.” Lemmon went on to say, “Our low cost source of funds continues to fuel profits.” Chief Operations Officer Gary Propheter said, -See BEO EARNINGS/Page EIGHT CHECK O UT THESE Fall Real Estate Buys This spacious home comes with its own view of the lake. Sit in the living room or the deck and enjoy the view. Entertain guests in the large living room downstairs and even prepare the meal with the complete bonus kitchen located downstairs, off the patio and backyard. Plenty of room in this high-quality, stick-built Stratford modular home located at Lakeview Heights. Call for a showing today. 2 bedroom 1 bath home Would make a good starter home or invest for a rental unit. Currently rented out. 1176 square feet and located in quiet neighborhood near downtown Heppner. Call for a showing. $45,000 New m atte r bedroom & bath in th is 3 bedroom Stop spending your time fixing up your house and move into a home where it's all been done. You'll adore this 3 bedroom, 2 bath on a quiet street near downtown. Remodeled in 2008 with a new master suite, bath and more. Walk in closet, jet tub and tile floors. Well kept fenced back yard with room to park your RV or other toys. HUD owned home for sale in Hepp ner Take a look at this 2609 sq ft 4 bedroom 2.5 bath home in Heppner. This home needs how ever a property report is available on line or stop by Sykes Real Estate office and talk to David. This property is eligible for HUDs 203K Streamline loan, which may allow you to finance up to $35,000 in repairs or improvements! To find out more contact David Sykes. This is a HUD-owned property. To view all HUD Properties available for sale in Oregon please visit www.tenmanagment.com/listings. David Sykes is a HUD-registered agent and can sell and show you any home you find of interest on the site.__________ P IN C H Diner and Bakery Located in Heppner, Oregon. Operating diner and bakery business with attached 3 bedroom home in the back. Includes all equipment to operate and run the business. Real property included. Including separate lot w/ large shop $225,000 10 units in the apartm ent complex 1 Small house in back. Good rental history. Posi tive cash flow. Stop in and let me show you the spreadsheet. $189,000 $ 260,000 3 bedroom near downtown Heppner This turn of the century home in Heppner has been completely remodeled. It has 3 bedrooms and 1.1 bath. Lots of living space at 1893 sguare feet. It has a wood stove large yard and a nice front porch to sit on and watch the world go by. Close to downtown too. Call now for an appointment to view this home. The Price is Right. For a first time home buyer or invest as a rental unit. 2 bedroom 1 bath located near downtown Heppner. $45,000 Acreage for Sale 6 acre parcel (1/2 in city lim its) If you are looking for some el bow room to build your home, here it is. 6 acres, m/l, half of it located within the city limits. Power and wa ter nearby $39,000 Reduced Price Top of the world view Or at least top o f the town Great view o f Heppner from the exciting 4 bedroom 2.1 bath home on the hill overlooking the fairgrounds. Visit with friends and family while preparing m eals in your beautiful open kitchen. Enjoy the expansive carpeted living room in this one o f a kind home. Must see to fully appreciate, call for an appointment today. $410 000 660 range land acres near Ruggs. Create your own place on this 660 m/l acres of range land near Ruggs. Fenced. Pick out your building spot. Priced right at $260,000 32 Acres inside Heppner city limits Has a good building spot and room for animal. Water and ^electricity located nearby. $49,000 Price Reduced Highway frontage Commercial Property with rental income in Power City, Oregon 4.52 acres of commercial highway frontage property in Power City between Hermiston and Umatilla, Oregon. Several busi nesses providing rental income. Includes bare land and .62 acres of residential zoned property. Owner will carry contract. Call me for financial details and potential for this property Make an offer, price reduced moti vated seller, 2 Bedroom near schools and downtown Heppner Just blocks from school and downtown shopping, this 2 bedroom 1 1/2 bath charm er has a fenced yard for children and a separate small yard in the back. Enjoy your reading room, living room and kitchen with w indow looking out on the street. Two homes for the price of one. These two fixers are ready for the handy man to turn into lots of living space. The big house in front has 4 bedroom 2 bath and the back home has 2 bedroom 1 bath. Both needs lots of work but the price is right Have your own home and a rental, two rentals, or a place for the mother in law to live out back. The possibilities are there. Owner will carry contract. body shop and a 1 bedroom apartment newly re modeled renting for $350 Upstairs is a 2 bedroom apartment that has been completely redone renting for $375. Building has a good roof and owner says the shop has been completely rewired. mim B eautiful hom e overloo king W illo w C reek Lake Impressive 3 bedroom 2 bath home set on hill S p ic k & S p a n In H e p p n e r. Cute 2 bedroom 1 bath City building lot 2 adjoining city lots m ake up 10,25 0 sq ft. Overlooks town on C hase Street City water, sew er and power all there O w ner will carry contract. $ 15,000 home in Heppner See pride of ownership in this newly remodeled home New carpeting, linoleum, lighting and much more. Don't spend your time fixing things up, spend your time enjoying your home Efficient to heat and easy to care for. Stop renting and start owning Call today and have a look inside. 2 a p a rtm e n ts a n d s h o p b u ild in g fo r S a le in L e x in g to n On the bottom floor is a former auto overlooking Willow Creek Lake. Entertain guests in front of the fireplace in the Great Room just off of the dining room and kitchen. Lots of extras including diamond premier cabinets, lazy susan turntables, tile look laminated flooring and under cabinet lighting. Enjoy the recessed can light throughout the home with 9 foot ceilings. There is a two- car garage, underground sprinklers and an immaculate kep^jrara>W a s h e r^ ry e r& ^ Three bedroom one bath hom e in Lexington. 1520 square foot hom e built in 1946. G ood roof and foundation. W ood stove and propane heat. A lum inum siding. $ 72,500 Major Price Reduction! ] $ 96;000 3 Bedroom 2 bath home in Lexington T h is h o m e h a s .m e ta l roof, c e m e n t fo u n d a tio n & p ro p a n e F /A . 1 2 8 X 1 2 1 .6 6 lot. 2 4 6 5 sq ft h o m e h a s full b a s e m e n t an d la rg e fe n c e d y ard w ith a p p le , n e c ta rin e a n d c h e rry tre e s . G a ra g e . _________ $ 116.000 3 bedroom 1 bath on 1.6 acres in Lexington You’ll enjoy this cozy 3 bedroom home snuggled beneath pine trees on 1.6 acres inside the city limits. Has a bam for horses and a large shop wifh cement floor. Comes with 2 tons hay and 2 cord of firewood. New siding and windows. 1.6 acres fenced for animals Seller says will pump septic before moving Refrigera tor, washer & Dryer, freezer included 160 acres with home site - Heppner 160 acres of rolling native grasses -deer, chukars, quail, 4 LOP tags, 3 miles to town, level home site with power and DEQ approved, fully fenced and separate pasture with small horse corral and year round spring, raise 1-10 animals year round and drive your golf cart to Willow Creek County Club. Good view of the valley School bus runs on county road through the Owner will consider carrying contract. Call for details 3 Bedroom 2 bath near downtown This two story home Is close to grade school and has fenced back yard. Central A/C and Electric F/A. Carpet, laundry room and large family room downstairs. Dishwasher refrigerator and stove included.______________ $120,000 M ORE COVERAGEI M ORE BUYERSl BECAU SE W E ARE RM LS M EM BERS List your property with Sykes Real Estate and receive wide exposure to selling agents in Oregon and Washington. This means more potential buyers see your listed property. In addition your listing will be shown on the www.realtor.com website. Call me today to list your property. David Sykes 2 Price Reduced Three Bedroom 2 bath in Fossil This fixer upper is priced right. 1220 square foot home with a small shop building. Do some work and have a nice little place to live or rent out. Victorian home has a new furnace and a new deck Large living room and lots of quaint features like old style hand railings, dormers and indoor transoms. Call me for an appointment to look at this unique home 188 W. Willow • P.O. Box 337, Heppner, OR 97836 Phone (5 4 1 ) 6 7 6 -9 2 2 8 Cell (5 41 ) 9 80 -6 6 7 4 • Fax (541) 676-9211 E-mail: david@ sykesrealestate net w w w .s y k e s r e a le s ta te .n e t Information deemed correct not guaranteed Owner/Broker David Sykes bedroom 2 bath in Heppner This nice 2 00 7 Marlatt hom e is in excellent condition Everything w as done right when this hom e was put in It has a deck, cyclone fenced yard and a 18 X 31 garage Ceiling fans, along with the energy package will keep you warm in the winter and cool In the sum m er There is a den/office, living room and lots of extras Must see inside this one Call and schedule an appointm ent today If y o u a re lo o k in g fo r a p a rtic u la r p ro p e rty p le a s e c o n ta c t m e To have your property listed here call me
