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.