Image provided by: Morrow County Museum; Heppner, OR
About Heppner gazette-times. (Heppner, Or.) 1925-current | View Entire Issue (April 18, 2012)
Heppner Gazette-Times, Heppner, Oregon Wednesday, April 18,2012 - THREE BEO reports 1st qrtr. earnings WYDEN IN BOARDMAN Bank of Eastern Or egon, a subsidiary of BEO Bancorp, announced first quarter 2012 consolidated net income o f $675,014 or $0.71 per share, com pared to $501,438 or $0.54 per share for first quarter 2011. Total assets were $268.1 million, up 7.4% year-over-year. Net loans of $200.2 million were up 4.7% from the same period in 2011, while deposits were at $238.2 million, up 7.7% year-over-year. “ We are pleased with the first quarter re sults. Our profitability and growth trends show steady improvement year over year and especially over the past three years. These trends are among some of the best in banking." said President and CEO Jeff Bailey. “ Return on aver age assets is 1.02% and return on average equity is 14.93%, compared to 0.80% and 12.60%, re spectively, year over year,” said Chief Financial Officer Mark Lemmon. Lemmon went on to say, "Our core earnings are very strong and bode well for overall profitability as the economy improves. Profitability has helped contribute to share holders’ equity increasing 15.0% year over year. We remain the best capitalized bank in eastern Oregon.” C hief Operations O fficer Gary Propheter BEO Annual Shareholders’ Meeting Wednesday, April 25, 2012 American Legion Hall, lone 2:00 p.m. said, "Our strong growth trend in deposits continues even though the low interest rate environment lingers. Custom er confidence in the safety and soundness of Bank of Eastern Oregon is gratifying and serves to reinforce the confidence we have in our employees to deliver products and services that meet the needs o f our growing customer base." "Whileour problem assets are more manageable than a year ago, having shown drastic improvement over the past two to three years, we continue to have occasional surprises. To combat this, we continue to fund the loan loss reserve in a prudent manner. Hie local economy is heavily reliant on agriculture and natural resource-based businesses. The strength in those sec tors has had a positive effect on our agricultural loan portfolio in recent years and should continue to support our local economy in 2012. Our hope is that the national and global economy con tinues to improve and our regional picture remains stable,” concluded Bailey. Senator meets with company leadership to discuss opportunities for growth in the region •Continuedfrom PAGE ONE and operating a plant like in Boardman last week. Wyden visited the biore finery to see the facility’s progress first-hand and discuss opportunities for the biorefining industry in Oregon. ZeaChem, a devel oper of biorefineries for the conversion o f renewable feedstocks into sustainable fuels and chemicals, began operations at the Board- man facility in January of this year. “ I ’m pleased to see the progress ZeaChem has made here in Board- man since my last visit and proud o f the Oregonians who helped build and oper ate this plant,” said Wyden. “The success of this biore finery is a perfect example of how Oregon is helping to lead our nation towards less reliance on fossil fuels while creating jobs in our rural areas.” “ We’re happy to have Senator Wyden back to our Boardman facility,” said Jim Imbler, president and chief executive officer o f ZeaChem . “ Building prietary, high-yield core technology produces inter mediate chemicals acetic acid and ethyl acetate, both valuable building blocks for products like paints, lacquers and solvents. The integrated biorefinery will begin cellulosic ethanol production later this year, and the company plans on building a commercial plant based on the successful operations at the Boardman facility. this takes a considerable amount of planning and cooperative effort across a number of leaders in the re gion. We’re thankful for all the support we’ve received from the community and policy leaders at the local, state and national level. They’ve made this area an ideal location for future growth in the biorefining industry.” Z eaC hem ’s pro X-Factor tryouts at Wildhorse minute to sing a capella. The top 10 will be allowed to perform for two minutes with instrumental accom paniment. One winning act will be selected. The w inner will receive airfare, hotel and an audition in front of the X- Factor producers in Provi dence, RI at the Dunkin’ Donuts Center on May 10. Official rules may be obtained by logging on to www.myfoxtricities. com. Local talent may get the chance to shine on the big stage when X- Factor, a Fox TV reality singing show, holds audi tions at Wildhorse Resort on April 28. Acts, either solo singers or groups, are al lowed to line up no earlier than 6 a.m. at Cayuse Flail in Wildhorse Resort. Regis tration begins at 8 a.m. The first 100 acts in line will get to audition beginning at 9 a.m. Each act will have one www.sykesrealestate.net • www.pendletonpropertys.com Affordable Building Lots Available! $8,500 - $ 10,500- $ 11,500- $ 14,500 $15,000- $ 17,500 - $22,500 84 acre to 5.95 acre lots in Emert Addition # 2 lone. Utilities include - phone, water, pow er, septic approved. R eady to move in Hard to find small acreage close to town. Fenced and small bam for animals and garden space. Has good metal roof, foundation and dou ble paned windows. 880 S. Heppner/Spray Hwy. Well built, immaculate, beautiful landscaping, view of city, great neighborhood, view of Mt Adams on clear day descnbes this home One bedroom and living room have city view, small office views park like setting. Kitchen has island, dishwasher, pantry, garbage disposal. Dining room has wood floors, slid ing door looks at shade trees, flowers spring to fall. Utility room, garage large metal shed have many cupboards and for much storage 215 Rock S t, Heppner A c re a g e fo r Sale 2 bedroom home on large lot in Lex Lots of room for a garden and other activities with this 2 bedroom 1 bath single wide mobile home in Lexington. Lots of upgrade including new floor ing, new roof, insulation, new vinyl windows, water heater and much more. $ 5 0 ,0 0 0 185 N Arcade, Lexington H as a g o o d b u ild in g sp ot and room fo r a nim als. W a te r a nd e le ctricity lo ca te d n e a rb y $ 65,000 Heppner/Spray Highway Have your own cabin in the mountains to live in or use for weekend get aways. Surrounded by Pine and Tamarack trees. Sit on the deck and look out at the forest $ 7 0 ,0 0 0 ____________ 215 S Court, Heppner____________ Blake's Ranch $ 129;000 __________ 475 W Morgan, Heppner__________ 2 Bedroom 1 bath home on 24.26 acres in Lexington. Close to town with your own piece of land. Rare small parcel with home and shop. Have some animals or just elbow room from your neighbors. Several parcels could be resold. Home is in good condition with foundation, newer septic system, metal roof and large upstairs that could be used as another bedroom. HomeiwithTacreaqe ! 35.4 4 'A c re s] oaffib i n s i d e j M Wp pner/c It jflim lt s ß T s fo outa ld e ^c ltylllm lts! 2 Bedroom near schools and downtown Heppner Just blocks from school and downtown shopping, this 2 bedroom 1 1/2 bath charmer has a fenced yard for children and a separate small yard in the back. Enjoy your reading room, living room and kitchen with window looking out on the street. 4 bedroom 2 bath home in Heppner. You won't feel cramped in this 4 bedroom 2 bath 2146 sq ft home. It has a full basement with mini kitchen down stairs, and fully carpeted rooms upstairs. Enjoy barbecuing on the covered patio And there's lots of room for a garden in the large backyard Call now for an appointment to visit this home S e e s y k e s re a le s ta te net for m ap of all a v a ila b le lots Clean well m aintained home on extra large lot Large spacious room s with carpeting throughout Use the wood stove for cozy heat in the Winter, or the simplicity of central heat arid AC Fenced back yard with garden space and place for the kids to play Big dining room & spacious kitchen make this excellent for entertaining Has plug in fo r emergency electncal generator 635 S. Cowins, Heppner 24>26Jacres 325 West D. Street, Lexington $175,000 2 apartments and shop building for Sale in Lexington On the bottom floor is a former auto 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 145 E. Main, Lexington 3 B edroom 2 bath hom e in Lexington This home has metal roof, cement foundation & pro pane F/A 128 X 121 66 lot 2465 sq ft home has full basement and large fenced yard with apple, nectarine and cherry trees Garage. Auto Repair Business in Heppner, OR This is a going concern which shows a profit each year. Includes real property, business, inven tory and equipment. Loyal customer base and good reputation. $339,000 View lot at Lakeview Heights. Own one of the last view lots at Lakeview Heights. 84 X 120 approx. Water, sewer, phone and power available. to e AAA 126 E May, Heppner Lakeview C t. Heppner 150 E Main. Lexington. OR 2 bedroom 2 bath in Heppner This nice 2007 Marlatt home is in excellent condi tion Everything was done right when this home was put in It has a deck, cyclone fenced yard and a 18 X 31 garage Ceiling fans, along with the en ergy package will keep you warm in the winter and cool in the summer There is a den/office. liv ing room and lots of extras Must see inside this one Call and schedule an appointment today ___________ 345 Linden 'Nay, Heppner__________ Phone: (541)676-9228 Cell: (541)980-6674 Fax: (541)676-9211 Phone: (541)276-2152 Cell: (541)215-2274 Fax: (541)278-6051 188 W Willow P O Box 337 Heppner, OR 97836 Broker Chris Sykes d a v td Q s y k e s re a le s ta te . n e t w w w .s y k e s re a le s ta te . n e t 25 SW Emigrant Pendleton, OR 97801 c h ris @ s y k e s re e le s ta te . n e t w w w .p e n d le to n p ro p e rty s . c om V. J \ \
