BEO Bancorp has Record Quarter and Annual Earnings.HEPPNER, Ore. -- BEO BEO Banquet Event Order BEO Book Entry Only (accounting adjustment) BEO Newcastle, New South Wales, Australia - Belmont (Airport Code) BEO Building Emergency Organization BEO Bit Error Outage Bancorp (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BEOB), and its subsidiary, Bank of Eastern Oregon Eastern Oregon is a geographical term that is generally taken to mean the area of the state of Oregon east of the Cascade Range, save the region around The Dalles and sometimes Klamath County. The area around Bend is considered to be Central Oregon rather than Eastern Oregon. , recorded its largest quarterly and annual net income in the history of the organization. * 4Q2007 net income $708,000, an increase of 57.3% year over year. * 2007 YTD See Year-to-date. YTD See year to date (YTD). net income $2,325,000, an increase of 58.7% over 2006 YTD net income. * Total Asset growth was 12.6%, year end total assets a record $207,636,000. * Total Loans increased 23.8% year over year to $148,274,000 at year end 2007. * Total Deposits increased 4.7% to year end total deposits of $170,160,000. * Earnings per share $2.64 2007 YTD versus earnings per share of $1.66 in 2006. * ROAE ROAE Return on Average Equity YTD 22.2%. ROAA ROAA Return on Average Assets (business, banking, accounting) ROAA Rural Oregon Arts Association ROAA Royce Online Account Access (Royce Fund Services, Inc. YTD 1.19%. "We are extremely pleased with the results of the year just concluded," said President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , E. George Koffler. "The performance was keyed by a management team that continued to find ways to increase revenue and control expenses, a support staff that provides top quality back office results, a credit team that improved loan totals without sacrificing quality, and a veteran, dedicated branch system of employees that consistently provides excellent customer service," said Koffler. The January issue of US Banker rated BEO Bancorp's return on equity as 11th highest for all banks nationally and 4th highest in the community bank classification. Financial details and exhibits can be accessed at www.beobank.com. About BEO Bancorp BEO Bancorp is the holding company for Bank of Eastern Oregon, which operates 11 branches and three loan production offices in nine eastern Oregon counties. Branches are located in Arlington, Ione, Heppner, Condon, Irrigon, Boardman, Burns, John Burns, John, 1858–1943, British union leader and politician. A factory worker as a child, he was largely self-educated and was led by his reading to radical socialism. Day, Prairie City Prairie City may refer to:
Forward-Looking Statements The statements contained in this release that are not historical facts are forward-looking statements based upon management's current expectations and beliefs concerning future developments and their potential effect on BEO Bancorp. There can be no assurances that future developments affecting BEO Bancorp will be the same as those anticipated by management. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties. These risks and uncertainties include, but are not limited to: (1) Competitive pressures in the banking and financial industries. (2) Changes in interest rate environment. (3) General economic conditions, nationally, regionally, and in operating markets. (4) Changes in regulatory environment. (5) Changes in business conditions and inflation. (6) Changes in securities markets. (7) Future credit loss experience. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion