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About Heppner gazette-times. (Heppner, Or.) 1925-current | View Entire Issue (July 31, 2019)
Heppner Gazette-Times, Heppner, Oregon Wednesday, July 31, 2019 -- THREE BEO Bancorp reports second quarter earnings BEO Bancorp and its subsidiary, Bank of Eastern Oregon, announced second quarter 2019 consolidated net income of $650,000 or $0.55 per share compared to $872,000 or $0.73 per share for second quarter 2018. Year-to-date earnings were $1,744 million com- pared to $1.629 million for the first six months of 2018. Total assets were $469.9 million, up 17.4 percent year over year. Net loans of $383.9 million were up 16.5 percent from the same period in 2018, while de- posits were at $421.9 mil- lion, up 18.5 percent year over year. Shareholders’ equity increased by $3.127 million or 9.4 percent from June 2018. “Net income for the quarter is down from a year ago. This is attributed to acquisition and startup costs of our Washington branches, our new loan production office in Herm- iston and expansion of our Pendleton and Island City loan production offices. While the 2Q2019 results are down from last year, year to date results are up 7.1 percent when compared to this time last year,” said President and CEO Jeff Bailey. Chief Financial Officer Mark Lemmon said, “Most market analysts anticipate that the Fed will begin a rate lowering trend over the coming year, the yield curve has flattened and the world economy continues to show signs of weakness but the U.S. economic re- covery is the longest on record. Unemployment is at record lows and most do- mestic economic numbers point to continued strength. Plenty to think about.” He went on to say, “Return on average assets for the quarter was 0.55 percent compared to 0.88 percent in second quarter 2017, while return on average equity was 7.21 percent vs. 10.6 percent last year. Our book value per share was $30.83 compared to $28.07 on June 30, 2018, an increase of 9.8 percent.” Chief Operations Of- ficer Gary Propheter said, “The strategic expansions into Washington and our loan production offices have yielded strong growth in deposits and loans. We are pleased with the recep- tion we are receiving in all of our newest locations.” “The ag sector in the PNW seems to be doing pretty well. Harvest is just beginning across our trade area. Early results are en- couraging for our small grain producers. Grass con- ditions in the mountains are good for summer feed and cattle prices are stable. All of these factors bode well for our local economy, but there are the ongoing concerns about the impact of tariffs and the global economic factors that could pose additional challeng- es,” concluded Bailey. Due to increased fire danger and dry weather conditions, Phase A of the Public Use Restrictions (PURs) for smoking, off- road travel and chainsaw use went into effect on the Umatilla and Wal- lowa-Whitman National Forests Friday, July 26. Phase A is the first lev- el of wildfire-prevention restrictions, generally im- plemented when the fire danger is moderate to high. PURs are phased in as con- ditions warrant and may differ from Forest to Forest. Restrictions under Phase A include: -Chainsaws may be operated only between the hours of 8 p.m. and 1 p.m. local time. A one-hour fire watch is required after saw operations cease. Saw op- erators are required to have an axe (minimum 2 lb. head, 26” length), shovel (8” wide, 26” length) and fire extinguisher (minimum ABC 8 oz.) in their posses- sion. Chainsaw operation associated with commercial and personal use firewood permits are regulated under the conditions of the permit and are not impacted by this PUR. -Smoking is allowed only in enclosed vehicles, buildings or cleared areas. -Vehicle travel is al- lowed only on roads and trails that are clear of stand- ing grass or other flamma- ble material. Off-road or off-trail vehicle travel is not allowed, nor is vehicle trav- el on National Forest roads where access has been im- peded or blocked by earthen berm, logs, boulders, barri- -Continued from PAGE ONE er, barricade or gate, or as otherwise identified in the been on fire boards for a Fire Order. long time and we used to The public is also en- have 20 active volunteers. Our population (in Board- man) has doubled and we now have 15,” he said. Thursday, August 1 is He said Irrigon barely has the deadline to apply for enough men to man one Morrow County Cultural truck. He said 25 years ago Coalition grants. Applica- all employers allowed their tions for cultural-based ac- workers to volunteer and tivities are being accepted, leave work to fight the fires with grants to be awarded and was not sure that is the for up to 50 percent of the case now. total project cost. For com- Board members did plete guidelines and appli- say they were pleased its cation form, contact Gayle past methods of distribut- Gutierrez at 541-676-5630 ing funds has, unlike some or via email at ggutierrez@ other economic zones in the co.morrow.or.us. state, largely avoided dis- Friday, August 2 from putes between entities over 6 to 9 p.m., First Friday disbursement of funds. The summer event in downtown board did not make a final Heppner. There will be decision on how to disburse food, shopping, vendors, the future increased flow live music and family ac- of money it will receive tivities. but agreed to continue the Sunday, August 11 discussion how their funds from 5:30 to 7:30 p.m., would be spent. Below are Wasteland Kings will be the total projected funds the entertainment for Music to be collected by CREZ in the Park at the Heppner through 2030. Main St. park. There will be Year 2020 - $5,862,212 a meal available to purchase / Year 2021 - $7,804,054 / (by donation) prepared by Year 2022 - $7,729,984 / the Hopeful Saints Ministry Year 2023 - $8,871,862 / volunteers. Bring a lawn Year 2024 - $9,899,518 / chair. Year 2025 - $9,928,004 / August 14-18, Morrow Year 2026 - $9,957,344 / County Fair and OTPR Year 2027 - $9,987,565 / Rodeo at Morrow County Year 2028 - $10,018,692 Fairgrounds. This year’s / Year 2029 – $9,100,753 theme is “Treasure Chest / Year 2030 - $9,133,755. of Morrow County’s Best.” Entry into the fair is free this year but don’t forget to purchase tickets for the rodeo’ Wednesday, August 14 at 7 p.m. Dinner & Dancing organized by the Morrow County Fair Board at Mor- row County Fairgrounds. The evening will include live music by Trevor Tagle and catering by Paradise Rose Chuckwagon. Meal price is $15 for adults and $8 for a child. Meal will consist of tri-tip, chicken, corn, green salad, baked ENTERPRISE ZONE structure. “How do we fix infrastructure across our communities?” he asked. Palmquist said he expects housing needs to pick up in the future, and then “we are going to all get hit when the housing boom comes.” He said with all the economic development going on he expected housing to pick up, especially in Boardman and Irrigon, in the next two years. Port Manager Neal said with all the development going on at the Port it is time that a fire station be built in the East Beach area. The large amount of industry at the Port is straining the resources of the Boardman Volunteer Fire Department, which is made up of volunteers. Port Economic Development Director Lisa Mittelsdorf, who is also an alternate on the CREZ board, said the problem with another fire station is the lack of vol- unteers to staff it. Russell said he thought the new fire station should include sleeping quarters for the firemen. He pointed out that people aren’t volunteering as much anymore (to be firemen). He said govern- ment regulations are also “pretty stiff” for volunteers, which makes training take longer and require more time of the volunteers. “I’ve National Forests Blood drives to be implement Phase A held in Morrow PURs County Cindy Greenup couraged to be very care- ful with campfires when recreating in dispersed and developed campsites. For- est officials recommend the following campfire safety precautions: -Campfires should be in fire pits surrounded by dirt, rock, or commercial rings and in areas not conducive to rapid fire spread. All flammable material shall be cleared within a three-foot radius from the edge of the pit and free of overhanging material. Use existing pits wherever possible. -Campfires must be attended at all times and completely extinguished prior to leaving. -Anyone with a camp- fire should have a tool that can serve as a shovel and at least one gallon of water, so they will be prepared to completely extinguish the campfire. The public’s awareness of the increasing fire danger and cooperation is essen- tial to a safe fire season. Recreationists, firewood cutters, hunters and other forest users can all help by closely adhering to restric- tions, operating safely and cautiously and keeping up to date on the latest orders and regulations. Regulated closures may be in effect on state and private lands protected by Oregon Department of Forestry (ODF) in northeast and central Oregon. Please check with your local Ore- gon Department of Forestry office for PURs on lands protected by ODF. Please remember that it is everyone’s responsibility to know what restrictions are in place when visiting public lands. Chamber Chatter beans, Dutch-oven potatoes and dessert. Thursday, August 15 from 6-10:30 p.m., Mur- ray’s Annual Beer and Wine Tasting “Fiesta” event at Morrow County Fair- grounds. Come out and enjoy this fun evening and enjoy some great wine and beer choices. The event will include entertainment by Brady Goss. The dinner will be prepared by Alvin Liu and MaryAnn Elguezabal and served by the Heppner Chamber board/volunteers. The meal will consist of beef enchilada with beans and rice, fresh garden salad, dessert, lemonade or water to drink. $12 for adults and $6 for children 10 and un- der. Bottled water will be available for $1. Saturday, September 7 at 6 p.m., Benefit Din- ner and Auction for Cindy Greenup at Morrow County Fairgrounds. Come out Upcoming blood drives to address the current emer- gency blood shortage will take place in Morrow Coun- ty in August. Those who donate blood between July 29 and August 29 will re- ceive a $5 Amazon gift card via email. Currently, the Red Cross has less than a three-day supply of most blood types available and less than a two-day supply of type O blood. Individuals may sched- ule appointments to donate blood or platelets in Board- man on August 15 from 9:45 a.m. to 2:45 p.m. at the Boardman Pool and Recreation Center or in Heppner from 12 noon to 5 p.m. at the Morrow County Fairgrounds. Appointments may be made to donate in Irrigon August 7 from noon to 5 p.m. at OTLD Irrigon branch. Appointments may be scheduled to give by ac- tivating Amazon’s Alexa Red Cross Blood Skill by saying, “Alexa, find a blood drive,” or by using the Red Cross Blood Donor App, visiting RedCrossBlood. org or calling 1-800-RED CROSS (1-800-733-2767). Ione student graduates at EOU Amanda Jane Rea, Ione, graduated Cum Laude with a Bachelor of Science in business administration from Eastern Oregon University in spring 2019. Eastern Oregon University awarded 740 degrees during the 2018-19 academic year. Those who earned GPAs between 3.5 and 3.69 graduated with Cum Laude honors, 3.7 to 3.84 graduated Magna Cum Laude, and 3.85 to 4.0 graduated Summa Cum Laude. Heppner student named to EOU dean’s list Christopher Kindle, Heppner, has been named to the dean’s list at Eastern Oregon University. At the close of spring term, 528 EOU students qualified for the dean’s list. These students maintained a GPA of 3.5 or higher while completing at least 12 hours of graded EOU coursework during the term. Eastern Oregon Uni- versity provides high-qual- ity liberal arts and pro- fessional programs with personalized support. As Oregon’s Rural University, EOU serves students at its main campus in La Grande, as well as online and at 11 regional centers across the state. and help support this wor- thy cause. Donations may be made at any Bank of Eastern Oregon branch, payable to Heppner Com- munity Foundation (please note Greenup in the memo line). Donations are 501(c) (3) tax deductible and all will directly benefit Cindy. For additional information contact Bobbi Childers at 541-676-5601 or 541-422- 7412. Saturday, October 5, Morrow County Harvest Festival at The SAGE Cen- ter. The Sage Center in Boardman is looking for vendors in Morrow County and the neighboring com- munity to participate in this year’s Morrow County Harvest Festival, happen- ing on Saturday, Oct. 5. Vendor applications must be submitted by end of business on Friday, Sept. 13. The application can be completed online. Call 541- 481-7243, email sagecen- ter@portofmorrow.com or send a message to SAGE Center Facebook page for more info. Heppner's First Friday Come enjoy the evening with us! Select Summer Wines - $5.oo/glass Country Rose Plants, Grab-n-Go Flowers & $1.00 Helium Balloons Summer Sales Inside! Shop until 9:00pm SAVE THE DATE! Wine & Beer Tasting - August 15th Get Ready to Fiesta! 217 North Main St., Heppner Phone 676-9158 • Floral 676-9426 www.murraysdrug.com Willow Creek Water Park Event Thursday, August 1st from 1 to 7 pm Come meet Olaf at the pool! You can take your picture with him to celebrate summer. The first 60 kids in the door get a free magnet. (ages 0-17). Everyone can have one free sno-cone. Other concessions items will be on sale all day. Benefit Dinner and Auction Saturday, September 7, 2019 Starting at 6:00 pm Morrow County Fairgrounds August 2nd Call 541-676-5752 for more information.
