BEO Bancorp year-to-date earnings up from last year

Published 1:20 pm Wednesday, October 19, 2016

BEO Bancorp and its subsidiary, Bank of Eastern Oregon, announced third quarter 2016 consolidated net income of $735,000, or $0.60 per share, compared to $761,000, $0.62 per share, for third quarter 2015, according to a company press release.

Year-to-date earnings were $2,332,000, up 19.2 percent year over year. Total assets were $376.5 million, up 10.4 percent year over year. Net loans of $291.4 million were up 3.3 percent from the same period in 2015, while deposits were at $334.2 million, up 10.9 percent year over year.

“Earnings for the quarter are in line with last year, while year-to-date numbers are considerably better,” President and CEO Jeff Bailey said in the release. “We continue to see strong growth in deposits and modest growth in loans.”

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