Financial value
Central Oregon is home to 18 financial institutions which collectively have more than 80 branches in the Tri-county area. Three national banks are represented and eight banks are Oregon-based, including two that are headquartered in Central Oregon (Bank of the Cascades and High Desert Bank). Additionally, MidOregon Credit Union and Community First Bank are headquartered in the region.
In 2007, the total FDIC-insured deposit base for the region was $2.67 billion. Reflecting higher than average deposit wealth, Central Oregon supports a significant number of financial planning and investment firms.
Value of Financial Deposits in Central Oregon
(in millions) |
| County |
2000 |
2005 |
2006 |
2007 |
| Crook County |
$115 |
$210 |
$261 |
$266 |
| Deschutes County |
$1,065 |
$1,990 |
$2,294 |
$2,264 |
| Jefferson County |
$89 |
$111 |
$123 |
$137 |
| Tri-County Total |
$1,296 |
$2,311 |
$2,678 |
$2,667 |
Source: FDIC Summary of Deposits
Similarly, real estate values in the tri county area represented $43.70 billion in 2007. We expect that valuation will be moderated with release of final 2008 numbers.
Value of Real Estate in Central Oregon
(in billions) |
| County |
2000 |
2005 |
2006 |
2007 |
| Crook County |
$1.04 |
$1.61 |
$2.56 |
$3.95 |
| Deschutes County |
$11.18 |
$20.93 |
$28.38 |
$36.92 |
| Jefferson County |
$1.52 |
$1.96 |
$2.36 |
$2.83 |
| Tri-County Total |
$13.74 |
$24.50 |
$33.30 |
$43.70 |
Sources: County Assessors Offices, Estimated Real Market Values
Deschutes County financial deposits Relative to Other Oregon Metros
Bend MSA, which consists of Deschutes County, is one of the FDIC's largest deposit markets in Oregon. Relative to its population base, the value of its financial deposits is more productive than the average, reflecting the wealth in the region.
| Largest FDIC Deposit Markets in Oregon |
| Market (MSA) |
Deposits
(millions) 1 |
Population 2 |
Index 3 |
| Portland-Vancouver-Beaverton |
28,590 |
2,159,720 |
106 |
| Eugene-Springfield MSA |
3,851 |
343,140 |
89 |
| Salem MSA |
3,940 |
378,570 |
82 |
| Medford MSA |
2,710 |
202,310 |
106 |
| Bend MSA (Deschutes County) |
2,264 |
160,810 |
111 |
| Corvallis MSA |
753 |
85,300 |
70 |
| Total Top Metros in Oregon |
42,108 |
3,329,850 |
100 |
Sources:
1 Q2 2007 FDIC State Profile
2 Portland State University, Population Research Center, estimates for July 1, 2007
3 % deposits divided by population indicates productivity of deposit base relative to population; 100 is average.
In the Publications section, EDCO Profiles and Data - Demographic, Consumer Expenditure, and Business/Workforce from Oregon Prospector may be helpful.