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