HEPPNER â BEO Bancorp and its subsidiary, Bank of Eastern Oregon, announced first quarter 2021 consolidated net income of $1,337,000, or $1.11 per share, compared to $1,110,000, or $0.94 per share, for first quarter 2020.
Total assets were $710.5 million, up 46.38% year over year. Net loans of $508.6 million were up 20.08% from the same period in 2020, while deposits were at $650.7 million up 48.88% year over year.
âThe first quarter of 2021 has in some ways been a continuation of what we all had to endure in 2020, but in most of our trade areas we are seeing signs of a return to a new normal with businesses opening up and some restrictions easing. We have also seen another round of economic stimulus, with payments hitting bank accounts, as well as another round of PPP lending through the Small Business Administration. I applaud our team of bankers that have spent countless hours working with existing and new customers to help them navigate the new lending programs and