Bank of Eastern Oregon reports on 2019 earnings

Bank of Eastern Oregon, announced consolidated year-end 2019 earnings of $4,278,000, an increase of 8.2 percent when compared to $3,949,000 in 2018. Average earnings per share went up 8.7 percent at $3.62. Total assets were up 18.8 percent from $414.4 million to $492 million. Net loans were up 32.2 percent at $429 million, while deposits increased 19.7 percent year over the year to $441 million.

During the year it acquired or opened branches at Colfax, Dayton, LaCrosse, Pomeroy, Hermiston and La Grande.

These initiatives helped fuel the growth that it experienced year over year. Deposits grew...