04/11/2017: Oregon Pacific Bank Announces 2017 First Quarter Earnings
Oregon Pacific Bank Announces 2017 First Quarter Earnings
Oregon Pacific Bancorp and its wholly owned subsidiary Oregon Pacific Bank are reporting a consolidated Net Income of $284,000 for the quarter ending March 31, 2017. The results reflect a 130.7% increase over the prior year first quarter net income. The period ending earnings per share increased from $0.03 to $0.07. Total assets increased $18.2 million, or 8.3%. Net loans and deposits also experienced strong growth due to the extraordinary effort of our client service staff in all offices. Growth for loans and deposits compared to the prior year period was 14.6% and 11.8%, respectively.
“Our success and improving financial conditions is due to the wonderful bankers and advisors who work for us and the extraordinary service and expertise they provide our clients”, says Ron Green, President and Chief Executive Officer at Oregon Pacific Bank. “We continue to be very excited about our growth and truly making a difference in the communities we serve. Our focus has never been more steadfast than it is now to be the best bank, employer, investment for our shareholders and community partner. We are constantly looking for ways to improve in all four areas”.
Oregon Pacific Bank has been headquartered in Lane County for over 37 years. Its corporate office is located in Florence and it has full service banking branches in Eugene, Roseburg, Coos Bay and Florence. Additionally, the Bank provides professional fiduciary and wealth management services and maintains trust operations in all offices plus a trust and wealth management office located in Medford. In 2016, Oregon Pacific Bank formed a new subsidiary company called Oregon Pacific Wealth Management, LLC. This company is a State of Oregon Registered Investment Adviser and provides fiduciary level wealth management solutions, as well as brokerage investment and insurance services through a licensed LPL Financial principal.
Oregon Pacific Bancorp stock is publically traded under the ticker symbol ORPB on the OTC-Pink Open Market. Shares can be traded through any licensed broker.
You can learn more about Oregon Pacific Bank by visiting www.opbc.com or contacting Ron Green, President & Chief Executive Officer directly at 541-902-9800. Information about Oregon Pacific Wealth Management, LLC can be found at www.oregonpacificwealth.com.