BEO Bancorp reports 1ST quarter earnings Riverside May Athletics

Heppner, Oregon,

Bancorp

(April 12, 2023) BEO

(OTCBB:BEOB)

and its subsidiary, Bank of Eastern Oregon, announced 1st quarter 2023 consolidated net income of $3,313,000 or $2.75 per share, compared to $0.67 per share for first quarter 2022. Total assets were $852.9 million, up 2.5% year over year. Net loans of $479.5 million were up 1.9% from the same period in 2022, while deposits were at $777.6 million up 1.5% year over year.

“During a time of increased attention on struggles within the financial services industry, I am pleased to report that BEO Bancorp and Bank of Eastern Oregon continues to add shareholder value by showing strong profits; more importantly our Bank has abundant liquidity and a strong equity position. The media has given a tremendous amount of attention to the bank failures in early March. It is important to note that our bank, as well as many of our peer banks have minimal similarities to Silicon Valley Bank and Signature Bank. The only similarities are that we are all called banks and deposits are FDIC insured up to program limits. That is where the similarities end. Those failed banks had a drastically different business model catering to a vastly different clientele. Their balance sheets were structured significantly different and risk profiles were completely opposite of most community based financial institutions,” said President and CEO Jeff Bailey.

Chief Financial Officer Mark Lemmon said, “Inflation has driven action by the Fed. This factor alone has driven income. We continue to have strong liquidity. Shareholder equity is up 13.3% over the past year; Return on Average Assets and Return on Average Equity are 1.52% and 25.58% respectively.”

Chief Operations Officer Becky Kindle said, “Deposit growth has moderated, but is still up slightly from a year ago. We appreciate the loyalty of customers and the faith they have in the bank.”

“Renewal season is winding down and overall credit quality looks good. 2022 was a good year for ag production and it shows up in increased margins for our producers,” said Chief Credit Officer Ed Rollins.

Chief Lending Officer John Qualls added, “Similar to last year, rain and snow across much of our trade area has delayed spring field work. There has been an abundance of snow across SE Oregon. The moisture is welcome, but it has brought on changes to normal practices among producers.”

“Our business model is not complicated and our philosophy has not changed. We are true to our roots and here to serve the financial needs of our customers and provide the financial services they need. As our customers succeed, so does the bank. We are safe, sound, and have sufficient liquidity to continue serving our communities as we have for over 78 years,” concluded Bailey.

For further information on the Company or to access internet banking, please visit our website at https:// www.beobank.com.

May 5, TBD Golf: V

@Birch Creek golf Course

TBD Tennis: B/V@TBA

1:00pm Track: V

@Stanfield Secondary

May 6 TBD Tennis: B/V @TBA

10:00am Track: V

@Ontario High School

11:00am Baseball: V

@Riverside High School

11:00am Softball: V

@Riverside High School

1:30pm Baseball: V

@Riverside High School

1:30pm Softball: V

@Riverside High School

May 8 TBD Golf: V

@Birch Creek golf Course

May 9 TBD Golf: V @Birch Creek

Golf Course

May 10 4:00pm Baseball: V

@McLoughlin High School

4:00pm Softball: V

@McLoughlin High School

May 12 10:00am Tennis: B/V

@Stanfield Secondary

10:00am Track: V

@Baker High School

3:00pm Baseball: V

@Riverside High School

3:00pm Softball: V

@Riverside High School

5:30pm Softball: JV

@Riverside High School

May 13 10:00am Tennis: B/V

@Stanfield Secondary

May 15 TBD Golf: V @Tokatee Golf Course (McKenzie,OR)

May 16 TBD Golf: V @Tokatee Golf Course (McKenzie,OR)

May 19 2:00pm Track: V @Vale

High School

May 20 TBD Track: V @Vale High School

May 25 TBD Track V @University of Oregon

May 26 TBD Track V @ University of Oregon

Support Marvin Padberg For Port

As a former county comissioner, I had the opportunity towork with and observe Marvin Padberg in his role as Port Commissioner. During Marvin’s time on the Port Commission, there has been tremendous growth in both jobs and tax base in Morrow County. Some of the businesses that have come here during Marvin’s time on the Port include Tillamook Cheese and Whey plants, Amazon, Lamb Leston, Pacific Ethanol, Calbee Foods, WindWave, Hanley Energe, Tread-it, NW Container, a couple of cold storage facilities and many more. These companies represent thousands of jobs and billions of dollars in investment. The Port of Morrow has been able to do this by being collaborative partner in our regional economy. The Port of Morrow has become the second largest port in Oregon. The average wage in Morrow County has continually increased because of these efforts. This translates into healthy retain business opportunity in our county.

Marvin’s opponent has a track record of anntigrowth. She filed an appeal with LUBA to stop the proposed speedway. It was thrown out by the state, and the race track never came, but trying to deny them the opportunity was just wrong. She has also shown up at county commission meetings to stop employer sponsored housing, and often shows up at the Boardman City Council and planning commission meetings as a disrupter.

Join me in voting for Marvin Padberg Commissioner Port of Morrow.

John Wenholz, Former County Commissioner, Irrigon

Why is Morrow County Developing a New Ambulance Service Area Plan?

Morrow County is developing a revised Ambulance Service Area Plan (ASA) for one reason, and one reason only. We are required by Oregon law and administrative rules to do so.

Unfortunately, over the years Morrow County has NOT been carrying out its legal duties and responsibilities, and as a result, we are out of compliance on our current ASA. We are operating under a 1998 plan that has never been reviewed and updated as required every five years. An attempt was made in 2021, but did not follow the required legal process, and was never completed nor approved and adopted by the County. We are working with the Oregon Health Authority to complete this process as soon as possible.

The process to update the Plan has been started and we are committed to conducting this procedure according to law and in a fair and impartial manner.

David Sykes, Chair

Morrow County Board of Commissioners

To the Citizens of Morrow County:

Election time is once again approaching. Many positions are being challenged, which I believe is a good thing. We need more citizens to become involved in government; at all levels.

One of the positions open is for the Port of Morrow Board of Directors, Position #5. My candidate for the position is David Boor. I’ve known him over 30 years and have seen him develop into a great citizen, excellent teacher/coach, community volunteer and area cheerleader. David has the personality, the demeanor, the knowledge, and the desire to do what is best for Morrow County. If elected he will always listen to comments from the citizens and give replies.

Please cast your ballot for Port Commissioner #5 for Dave Boor.

“I rave about Dave!”

Frances Glenn Boardman, Oregon

Support David Boor for Commissioner Port of Morrow

I listened to the recent candidate’s forum for Commissioner Port of Morrow. In my opinion David Boor rises to the top in a crowded field for these reasons. David was the only positive voice in the forum. He understands that we are all winning because of the past efforts of the Port of Morrow. Our economy is strong and there are plenty of opportunities for employment in Morrow County. Our youth has an opportunity to stay in the area after high school if they wish, because of the work done by the Port of Morrow and its industry partners. His opponents want to criticize every one and everything done in the past. The incumbent John Murray spent most of his time explaining the problems, and why they were everybody else’s fault but his. He also spent a lot of time justifying his vote not to let the City of Boardman have a seat at the table when industry has an impact on them. This isn’t the first time that John Murry has aired his displeasure of having the City of Boardman as a partner. He previously at a county commission meeting expressed his displeasure in having Mayor Sandy Toms, City Manager Karen Pettigrew and Port Commissioner Rick Stokoe on the CREZ II committee because they were affiliated with the City of Boardman. The City of Boardman has not done anything but be a valuable partner in the Enterprise Zone, bringing the perspective of City government from an impacted city.

I get tired of all of the negative attitudes and trying to blame the other guy for whatever went wrong. David will work with the other commissioners and staff at the Port of Morrow as well as our public and private partners in the best interest of Morrow County and the region. Join me in voting for the only positive voice in this race. Vote David Boor Commissioner Port of Morrow position

5 Don Russell Boardman, Oregon

VOTE FOR CHANGE- NOT MORE BUSINESS AS USUAL

My name is John Murray and I am asking for your support for reelection to the POM commission. I’m a pharmacist and own Murray’s Drug serving Boardman, Irrigon, Ione ,Lexington and Heppner.

I am passionate about the port and outspoken on issues you, the public, should know. I was called out as being the only one to dissent from previously unanimous board decisions. I feel I’m the best candidate to bring county-wide unity for each community to understand the needs of others and then work together in collaboration not competition.

I’m proud of the port and its employees. All our communities have benefitted from the economic prosperity it has brought us.

However, in the last 10 years, I feel the port has grown at a pace it could not sustain. Wastewater recycling and disposal is the most serious issue facing us. The DEQ has fined the port $3.1 million and halted any additional wastewater to the port’s disposal system until a secondary water treatment system is operational.

I also believe there are significant conflicts of interest with 2 of the current port commissioners. Having owners of a fiber-optic company that serves datacenters at the port calls into question its integrity and professionalism. In the last 5 months they had to abstain from discussion or voting 60% of the time.

I commit to you:

1. transparency and accountability, (wastewater management)

2. Responsible economic growth (avoid private property rights disputes and right of way issues.)

3. County-wide representation, (increase understanding - build unity, not division)

I ask for your vote and support, but, if I am not your preferred candidate then vote for Wes or Jonathan, and vote for Kelly Doherty who has no conflict of interest. Vote for change and not business as usual.

Sincerely,

John Murray Jmurraydr@gmail.com

541-980-8880

Dave Boor supported for Commissioner Port of Morrow

In a crowded field, David Boor rises above the rest and deserves our vote for Commissioner Port of Morrow. David is an educator and coach and has taught in Boardman for 23 years. He has relatives in South Morrow County. His dad lives in Heppner, his sister lives in Ione and his brother lives on Rhea Creek.

David will represent the whole county. His opponent Jonathon Tallman is in my opinion a complete moron. I worked closely with his father Judge Terry Tallman for eight years. Hard for me to believe they are even related. John Murray tries his hardest to try and stop the Dollar General and their multi-million-dollar investment from coming to Heppner. That’s not who I want in charge of economic development.

David will listen when spoken to, and do his own research and homework to make the most informed decisions. I like his philosophy on how to treat people with respect, and not tear them down just because your opinion differs. Join me in voting for David J. Boor.

John Wenholz, Irrigon

Pictured below: Morrow County Clerk Official Ballot Drop Box Locations Boardman, Oregon Location 101 NW Boardman Ave. – Open 24 hours (closing at 8pm Election Day).

Find your dropsite at https://www.co.morrow.or.us/ clerk/page/ballot-drop-sites-0