H e p p n e r G aze tte-T im es, H eppner, O rego n
W ednesday, O ctober 1 7 ,2 0 1 2
- SEVEN
BEO reports 3rd quarter earnings
BEO Bancorp and its
subsidiary. Bank of Eastern
Oregon, announced third-
quarter 2012 consolidated
net income o f $779,000 or
$0.72 per share, compared
to $490,000, or $0.53 per
share for third quarter 2011.
Year-to-date earnings were
$2,006,000, up 49.9 percent
year-over-year. Total assets
were $276.7 m illion, up
9.9 percent year over year.
Net loans o f $219.6 m il
lion were up 10.8 percent
from the same period in
2011, while deposits were
at $245.2 million, up 10.4
percent year over year.
“Our profitability trends
are strong and we continue
to see excellent growth in
both deposits and loans,”
said President and CEO
Jeff Bailey. “We have seen
improvement in our prob
lem loans. Other real estate
is starting to move and we
are taking steps to clean up
our balance sheet.”
C h ie f F in an cial O f
ficer Mark Lemmon said,
“ Return on Average A s
sets is 1.14 percent and
Return on Average Equity
is 16.03 percent compared
to 1.0 percent and 14.33
percent, respectively, year
over year. Our shareholder
equity is up 15.3 percent
year-over-year, strong by
all measures. Strong core
earnings bode well for our
equity position.”
“ With the prolonged
low interest rate environ
ment, which even the Fed
eral Reserve says will last a
while longer, we continue to
see strong deposit growth,”
said Chief Operations Of
ficer Gary Propheter. “The
growth is coming from all
areas o f our branch network
and we welcome new cus
tom ers and are sure they
w ill enjoy our brand o f
banking.”
“Our local agricultural
economy continues to per
form well. The 2012 har come additional opportuni
ties. O ur strong
vest w as good, com
capital and earn
m odity p rices are
ings bode well for
holding up well, but
Bank
o f Eastern
we could d efinite
O reg o n ’s ability
ly use some rain,”
to take advantage
said Bailey. “ The
o f the right oppor
uncertainties o f the
tunities over the
national and world
next few years.”
wide economy, the CEO Jeff
Bailey
For further in
political season and
formation on the
additional regulation
placed upon com m unity company or to access in
banks are all challenges, but ternet banking, visit http://
oftentimes with challenges www.beobank com.
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Three bedroom 1 bath, large master bedroom, great
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1960 mid-century modern home on 1/3+
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40 1 S B S T R E E T , C O N D O N
831 S W 10TH , P E N D L E T O N
$ 365,000
Country
home,shop
2008 including fe w kitchen cabinets & counter top and new
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61892 S A N D H O LLO W RD
H
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Nice parcel near residential neigh
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Price Reduced
U p d a te d
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House was completely remodeled in 2007. New
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Large lot with garden space in the back.
12 0 Q uia d, H e p p n e r
165 QUAID ST, HEPPNER
6 0 4 W G A R D E N ST., C O N D O N
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3 Bedroom 2 bath home in Lexington T h is
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View lot at Lakeview Heights.
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775 N Shobe, H e p p n e r
Own one of
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the last view lots at Lakeview Heights. 84 X
123 SkV 10TH ST, P IL O T R O C K
Lakeview Ct., Heppner
120 approx. Water, sewer, phone and power
$ 25,000
available
10,000
2 apartments and shop building for Sale in
Lexington On the bottom floor is a form er auto
.92 acres buildable
Coyote Lane $20,000
Has a good building spot and room
for animals Water and electricity
located nearby $ 6 5 ,0 0 0
Heppner/Spray Highway
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BECAUSE WE ARE
RMLS MEMBERS
body shop and a 1 bedroom apartm ent newly re
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2 bedroom home on
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185 E. Arcade, Lexington
_________145 E. Main, Lexington________
2 bedroom 2 bath in Heppner
Have your own cabin in the mountains to live in
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Blake's Ranch
345 Linden Way, Heppner
Auto Repair Business in Heppner, OR This
is a going concern w hich show s a profit each
year. Includes real property, business, inven
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good reputation.
$ 339,000
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List your property with Sykes Real
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David Sykes
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
.84 acre to 5.95 acre lots in Emert Addition #2
lone. Utilities include - phone, water, power, sep
tic approved. Ready to move in
$8,500 - $10,500 - $11,500 - $14,500
$15,000-$17,500-$22,500
See sykesrealestate.net for map
of all available lots
Phone: (541)676-9228
Call: (541)980-6674
Fax: (541)676-9211
188 W. Willow
P O Box 337
Heppner, OR 97836
david@ sykaarwal9ataf.n0t
w w w .sykaarw afstaf.nat
Phone: (541)276-2152
Cell: (541)215-2274
Fax: (541)278-6051
Owner/Broker
David Sykes
Broker
Chris Sykes
25 SW Emigrant
Pendleton, OR 97801
ch ris@ sy k a srw a fa ff.n w t
www.pwndftonpropwrtiwa.nwt