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HEPPNER — Bank of Eastern Oregon announced consolidated net income of $3.5 million, or $2.87 per share, for the first quarter of 2024, up from $3.3 million, or $2.75 per share, for the same period in 2023.

The BEO Bancorp subsidiary also reported total assets of $850.1 million for the quarter, down 0.3% from the first quarter last year. Net loans were $531.8 million, up 10.9% from the prior year, and deposits were $762.9 million, down 1.9%.

Shareholder equity grew 24.7% year over year, return on average assets was 1.65% and return on average equity was 21.53%, the bank announced.

Bank of Eastern Oregon operates 21 branches and three loan production offices in Eastern Oregon, Eastern Washington and Western Idaho, including locations in John Day and Prairie City.