Financial
The region supports seventeen banks and savings & loan organizations with a total of 81 branch locations. Three institutions - Bank of the Cascades, Community First Bank and High Desert Bank - are headquartered in the area, and an additional six organizations are headquartered in Oregon. Five credit unions, one headquartered here, serve the region with nine branches. Reflecting higher than average deposit wealth, Central Oregon supports a significant number of financial planning and investment firms.
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Value of Financial Deposits (in millions)
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County
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2006
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2005
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2000
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1995
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Crook
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$261
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$210
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$115
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$102
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Deschutes
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$2,294
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$1,990
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$1,065
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$746
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Jefferson
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$123
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$111
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$89
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$93
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Tri-County Total
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$2,678
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$2,311
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$1,269
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$941
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*Source: FDIC Summary of Deposits, as of June 30th of each year
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Real Estate Valuations
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County
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2006
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2005
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2004
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2000
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Crook
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$2,562,851,450
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$1,610,485,110
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$1,459,141,304
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$1,037,527,994
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Deschutes
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$28,378,903,627
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$20,926,359,152
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$17,617,229,049
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$11,175,227,215
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Jefferson
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$2,355,732,845
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$1,956,336,934
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$2,001,533,465
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$1,523,122,536
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Tri-County Total
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$33,297,487,922
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$24,493,181,196
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$21,077,903,818
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$13,735,877,745
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Sources: County Assessors’ Offices, Estimated Real Market Values
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Central Oregon is one of the 5 largest deposit markets in Oregon, according to the FDIC. Relative to its population base, the value of deposits is 30% more productive than the average, reflecting the wealth in the region.
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Largest FDIC Deposit Markets in Oregon
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Deposits (millions) 1
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Population2
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Index3
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Portland MSA
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$26,783
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2,063,277
|
103
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Eugene MSA
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$3,702
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327,762
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89
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Salem MSA
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$3,653
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360,857
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80
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Medford MSA
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$2,509
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191,465
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104
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Bend MSA (Deschutes County)
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$2,294
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140,161
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130
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Total 5 Top Metros in Oregon
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$38,941
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3,083,522
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100
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Notes:
1 Q3 2006 FDIC State Profile
2 ACS (American Community Survey) 2005 Census Bureau
3 % deposits divided by population indicates productivity of deposit base relative to population; 100 is average.
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