----

----

| **x** | **QUARTERLY                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                  ACT OF                  1934** |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------|

| ** ̈** | **TRANSITION                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                  ACT OF                  1934** |
|------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

**OREGON        PACIFIC BANCORP**

*(Exact        name of Registrant as specified in its charter)*

| **Oregon**                                                                                         |   | **71-0918151**                                          |
|----------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------|
| *(State                  or other jurisdiction of incorporation or                  organization)* |   | *(I.R.S.                  Employer Identification No.)* |

**1355        Highway 101**

**Florence,        Oregon  97439**

*(Address        of principal executive offices)*

**(541)        997-7121**

*(Issuer’s        telephone number)*

----

----

----

**OREGON        PACIFIC BANCORP**

**INDEX**

| Part                  I.  | Financial                  Information                                                 |                                                                                                                          |
|---------------------------|----------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------|
|                      |                                                                                   |                                                                                                                          |   |
|                      | Item                  1.                                                               | Financial                  statements                                                                                         |   |
|                      |                                                                                   |                                                                                                                          |   |
|                      |                                                                                   | Consolidated                  balance sheets                                                                                  | 3 |
|                      |                                                                                   | Consolidated                  statements of income and comprehensive                  income                                  | 4-5 |
|                      |                                                                                   | Consolidated                  statements of changes in stockholders’                  equity                            | 6 |
|                      |                                                                                   | Consolidated                  statements of cash flows                                                                        | 7 |
|                      |                                                                                   | Notes                  to consolidated financial                  statements                                                  | 8-11 |
|                      |                                                                                   |                                                                                                                          |   |
|                      | Item                  2.                                                               | Management’s                  Discussion and Analysis of Financial Condition                  And Results of Operations | 12-17 |
|                      |                                                                                   |                                                                                                                          |   |
|                      | Item                  3.                                                               | Quantitive                  and Qualitive Disclosures about Market                  Risk                                      | 17 |
|                      |                                                                                   |                                                                                                                          |   |
|                      | Item                  4.                                                               | Controls                  and Procedures                                                                                      | 17-18 |
|                      |                                                                                   |                                                                                                                          |   |
| Part                  II. | Other                  Information                                                     |                                                                                                                          |
|                      |                                                                                   |                                                                                                                          |   |
|                      | Item                  1.                                                               | Legal                  proceedings                                                                                            | 18 |
|                      |                                                                                   |                                                                                                                          |   |
|                      | Item                  1A.                                                              | Risk                  factors                                                                                                 | 18 |
|                      |                                                                                   |                                                                                                                          |   |
|                      | Item                  2.                                                               | Unregistered                  sales of equity securities and use of                  proceeds                                 | 19 |
|                      |                                                                                   |                                                                                                                          |   |
|                      | Item                  3.                                                               | Defaults                  upon senior securities                                                                              | 19 |
|                      |                                                                                   |                                                                                                                          |   |
|                      | Item                  4.                                                               | Submission                  of matters to a vote of security                  holders                                         | 19 |
|                      |                                                                                   |                                                                                                                          |   |
|                      | Item                  5.                                                               | Other                  information                                                                                            | 19 |
|                      |                                                                                   |                                                                                                                          |   |
|                      | Item                  6.                                                               | Exhibits                  and Reports on Form 8-K                                                                             | 19 |
|                      |                                                                                   |                                                                                                                          |   |
|                      | Signatures                                                                        | 20                                                                                                                            |
|                      | Certifications                  of Chief Executive Officer and Chief Financial Officer | 21-23                                                                                                                         |

----

***Index***

| **PART                  1.** | **FINANCIAL                  INFORMATION** |
|------------------------------|--------------------------------------------|

| **Item                  1.** | **Financial                  statements** |
|------------------------------|-------------------------------------------|

|                                                                                                                                                                                                                                 |   | MARCH                  31, |        |   | DECEMBER                  31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|-------------|--------|-------------------------------|--------|
| ASSETS                                                                                                                                                                                                                               |   | 2007                       |        |   | 2006                          |   |
|                                                                                                                                                                                                                                 |   |                       |        |   |                          |   |
| Cash                  and cash equivalents                                                                                                                                                                                           |   | $                          | 4,295,868   |   |                          | $      | 4,473,047 |   |
| Interest-bearing                  deposits in banks                                                                                                                                                                                  |   |                       | 7,068,072   |   |                          |   | 2,986,418 |   |
| Available-for-sale                  securities, at fair value                                                                                                                                                                        |   |                       | 9,805,237   |   |                          |   | 10,297,348 |   |
| Restricted                  equity securities                                                                                                                                                                                        |   |                       | 1,023,100   |   |                          |   | 1,023,100 |   |
| Loans                  held-for-sale                                                                                                                                                                                                 |   |                       | 288,202     |   |                          |   | 152,095 |   |
| Loans,                  net of allowance for loan losses and deferred fees                                                                                                                                                           |   |                       | 122,619,057 |   |                          |   | 121,066,553 |   |
| Premises                  & equipment, net                                                                                                                                                                                       |   |                       | 7,712,872   |   |                          |   | 6,986,301 |   |
| Intangible                  assets, net                                                                                                                                                                                              |   |                       | 356,500     |   |                          |   | 377,200 |   |
| Accrued                  interest and other assets                                                                                                                                                                                   |   |                       | 2,542,890   |   |                          |   | 3,943,232 |   |
|                                                                                                                                                                                                                                 |   |                       |        |   |                          |   |   |   |
| Total                  assets                                                                                                                                                                                                        |   | $                          | 155,711,798 |   |                          | $      | 151,305,294 |   |
|                                                                                                                                                                                                                                 |   |                       |        |   |                          |   |   |   |
| LIABILITIES                  AND STOCKHOLDERS' EQUITY                                                                                                                                                                                |   |                       |        |   |                          |   |   |   |
|                                                                                                                                                                                                                                 |   |                       |        |   |                          |   |   |   |
| Deposits:                                                                                                                                                                                                                            |   |                       |        |   |                          |   |   |   |
| Demand                  deposits                                                                                                                                                                                                     |   | $                          | 36,570,612  |   |                          | $      | 32,942,095 |   |
| Interest-bearing                  demand deposits                                                                                                                                                                                    |   |                       | 38,681,660  |   |                          |   | 39,953,529 |   |
| Savings                  deposits                                                                                                                                                                                                    |   |                       | 15,081,778  |   |                          |   | 15,588,636 |   |
| Time                  certificate accounts:                                                                                                                                                                                          |   |                       |        |   |                          |   |   |   |
| $100,000                  or more                                                                                                                                                                                                    |   |                       | 17,859,542  |   |                          |   | 16,543,011 |   |
| Other                  time certificate accounts                                                                                                                                                                                     |   |                       | 16,987,997  |   |                          |   | 15,583,499 |   |
|                                                                                                                                                                                                                                 |   |                       |        |   |                          |   |   |   |
| Total                  deposits                                                                                                                                                                                                      |   |                       | 125,181,589 |   |                          |   | 120,610,770 |   |
|                                                                                                                                                                                                                                 |   |                       |        |   |                          |   |   |   |
| Federal                  Home Loan Bank borrowings and other debt                                                                                                                                                                    |   |                       | 10,758,722  |   |                          |   | 11,479,806 |   |
| Floating                  rate Junior Subordinated Deferrable Interest  Debentures (Trust                  Preferred Securities)                                                                                           |   |                       | 4,124,000   |   |                          |   | 4,124,000 |   |
| Deferred                  compensation liability                                                                                                                                                                                     |   |                       | 2,343,784   |   |                          |   | 2,294,717 |   |
| Accrued                  interest and other liabilities                                                                                                                                                                              |   |                       | 975,872     |   |                          |   | 895,168 |   |
|                                                                                                                                                                                                                                 |   |                       |        |   |                          |   |   |   |
| Total                  liabilities                                                                                                                                                                                                   |   |                       | 143,383,967 |   |                          |   | 139,404,461 |   |
|                                                                                                                                                                                                                                 |   |                       |        |   |                          |   |   |   |
| Stockholders'                  equity                                                                                                                                                                                                |   |                       |        |   |                          |   |   |   |
| Common                  stock, no par value, 10,000,000 shares authorized with 2,204,828 and                  2,187,349 issued and outstanding at March 31, 2007 and December                  31, 2006, respectively |   |                       | 5,245,138   |   |                          |   | 5,100,037 |   |
| Undivided                  profits                                                                                                                                                                                                   |   |                       | 7,071,369   |   |                          |   | 6,795,987 |   |
|                                                                                                                                                                                                                                 |   |                       |        |   |                          |   |   |   |
| Accumulated                  other comprehensive  (loss) income, net of tax                                                                                                                                                |   |                       | 11,324      |   |                          |   | 4,809 |   |
|                                                                                                                                                                                                                                 |   |                       |        |   |                          |   |   |   |
| Total                  stockholders' equity                                                                                                                                                                                          |   |                       | 12,327,831  |   |                          |   | 11,900,833 |   |
|                                                                                                                                                                                                                                 |   |                       |        |   |                          |   |   |   |
| Total                  liabilities and stockholders' equity                                                                                                                                                                          |   | $                          | 155,711,798 |   |                          | $      | 151,305,294 |   |

----

***Index***

| OREGON                  PACIFIC BANCORP                               |   |
|-----------------------------------------------------------------------|--------|
| CONSOLIDATED                  STATEMENTS OF INCOME                    |   |
| AND                  COMPREHENSIVE INCOME                             |   |
| (Unaudited)                                                           |   |
|                                                                  |   |   |   |   |   |   |
|                                                                  |   | Three                  Months Ended March 31, |   |
|                                                                  |   | 2007 |   |   | 2006 |   |
|                                                                  |   |   |   |   |   |   |
| INTEREST                  INCOME                                      |   |   |   |   |   |   |
| Interest                  and fees on loans                           |   | $ | 2,688,850 |   |   | $ | 2,557,547 |   |
| Interest                  on investment securities:                   |   |   |   |   |   |   |   |   |
| U.S.                  Teasuries and agencies                          |   |   | 36,798 |   |   |   | 36,798 |   |
| State                  and political subdivisions                     |   |   | 59,157 |   |   |   | 75,224 |   |
| Corporate                  and other investments                      |   |   | 8,426 |   |   |   | 8,474 |   |
| Interest                  on deposits in banks                        |   |   | 58,418 |   |   |   | 105,955 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| Total                  interest income                                |   |   | 2,851,649 |   |   |   | 2,783,998 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| INTEREST                  EXPENSE                                     |   |   |   |   |   |   |   |   |
| Interest-bearing                  demand deposits                     |   |   | 303,608 |   |   |   | 222,786 |   |
| Savings                  deposits                                     |   |   | 26,674 |   |   |   | 25,154 |   |
| Time                  deposits                                        |   |   | 362,083 |   |   |   | 280,412 |   |
| Other                  borrowings                                     |   |   | 202,027 |   |   |   | 207,029 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| Total                  interest expense                               |   |   | 894,392 |   |   |   | 735,381 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| Net                  interest income before provision for loan losses |   |   | 1,957,257 |   |   |   | 2,048,617 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| PROVISION                  FOR LOAN LOSSES                            |   |   | - |   |   |   | 26,000 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| Net                  interest income after provision for loan losses  |   |   | 1,957,257 |   |   |   | 2,022,617 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| NONINTEREST                  INCOME                                   |   |   |   |   |   |   |   |   |
| Service                  charges and fees                             |   |   | 218,674 |   |   |   | 250,393 |   |
| Trust                  fee income                                     |   |   | 173,393 |   |   |   | 159,043 |   |
| Mortgage                  loan sales and servicing fees, net          |   |   | 111,751 |   |   |   | 125,924 |   |
| Investment                  sales commissions                         |   |   | 100,278 |   |   |   | 91,288 |   |
| Other                  income                                         |   |   | 45,719 |   |   |   | 34,046 |   |
|                                                                  |   |   |   |   |   |   |   |   |
| Total                  noninterest income                             |   |   | 649,815 |   |   |   | 660,694 |   |

----

***Index***

| OREGON                  PACIFIC BANCORP                                              |   |
|--------------------------------------------------------------------------------------|--------|
| CONSOLIDATED                  STATEMENTS OF INCOME                                   |   |
| AND                  COMPREHENSIVE INCOME                                            |   |
| (Unaudited)                                                                          |   |
| (continued)                                                                          |   |
|                                                                                 |   |   |   |   |   |   |
|                                                                                 |   | Three                  Months Ended March 31, |   |
|                                                                                 |   | 2007 |   |   | 2006 |   |
|                                                                                 |   |   |   |   |   |   |
| NONINTEREST                  EXPENSE                                                 |   |   |   |   |   |   |
| Salaries                  and benefits                                               |   |   | 1,196,149 |   |   |   | 1,231,546 |   |
| Occupancy                                                                            |   |   | 217,164 |   |   |   | 225,247 |   |
| Supplies                                                                             |   |   | 40,042 |   |   |   | 40,160 |   |
| Postage                  and freight                                                 |   |   | 23,528 |   |   |   | 20,871 |   |
| Outside                  services                                                    |   |   | 193,988 |   |   |   | 168,154 |   |
| Advertising                                                                          |   |   | 19,987 |   |   |   | 14,476 |   |
| Loan                  collection expense                                             |   |   | 12,540 |   |   |   | 19,685 |   |
| Securities                  and trust department expenses                            |   |   | 81,247 |   |   |   | 60,382 |   |
| Other                  expenses                                                      |   |   | 152,746 |   |   |   | 190,387 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| Total                  noninterest expense                                           |   |   | 1,937,391 |   |   |   | 1,970,908 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| INCOME                  BEFORE INCOME TAXES                                          |   |   | 669,681 |   |   |   | 712,403 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| PROVISION                  FOR INCOME TAXES                                          |   |   | 241,185 |   |   |   | 251,821 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| NET                  INCOME                                                          |   |   | 428,496 |   |   |   | 460,582 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| OTHER                  COMPREHENSIVE INCOME                                          |   |   |   |   |   |   |   |   |
| Unrealized                  (gain) loss on available-for-sale securities, net of tax |   |   | 6,515 |   |   |   | (36,688 | ) |
|                                                                                 |   |   |   |   |   |   |   |   |
| COMPREHENSIVE                  INCOME                                                |   | $ | 435,011 |   |   | $ | 423,894 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| EARNINGS                  PER SHARE OF COMMON STOCK                                  |   |   |   |   |   |   |   |   |
| Basic                  earnings per share                                            |   | $ | 0.20 |   |   | $ | 0.21 |   |
| Diluted                  earnings per share                                          |   | $ | 0.19 |   |   | $ | 0.21 |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| WEIGHTED                  AVERAGE COMMON SHARES OUTSTANDING                          |   |   |   |   |   |
| Basic                                                                                |   |   | 2,190,163 |   |   |   | 2,170,890 |   |
| Diluted                                                                              |   |   | 2,198,434 |   |   |   | 2,180,781 |   |

----

***Index***

| OREGON                  PACIFIC BANCORP                                     |   |
|-----------------------------------------------------------------------------|--------|
| CONSOLIDATED                  STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY |   |
|                                                                        |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   | Other |   |   | Total |   |
|                                                                        |   | Common                  Stock |   |   | Undivided |   |   | Comprehensive |   |   | Stockholders' |   |
|                                                                        |   | Shares |   |   | Amount |   |   | Profits |   |   | Income |   |   | Equity |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                  December 31, 2005                                 |   |   | 2,166,006 |   |   | $ | 4,858,728 |   |   | $ | 5,376,065 |   |   | $ | 28,438 |   |   | $ | 10,263,231 |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Bonuses                  paid in stock for 2005                             |   |   | 1,686 |   |   |   | 20,000 |   |   |   | - |   |   |   | - |   |   |   | 20,000 |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sale                  of nonregistered stock                                |   |   | 83 |   |   |   | 1,009 |   |   |   | - |   |   |   | - |   |   |   | 1,009 |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock-based                  compensation                                   |   |   | - |   |   |   | 15,251 |   |   |   | - |   |   |   | - |   |   |   | 15,251 |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Exercise                  of stock options                                  |   |   | 4,212 |   |   |   | 22,500 |   |   |   | - |   |   |   | - |   |   |   | 22,500 |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash                  dividends paid                                        |   |   | - |   |   |   | - |   |   |   | (383,566 | ) |   |   | - |   |   |   | (383,566 | ) |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends                  reinvested in stock                              |   |   | 15,362 |   |   |   | 182,549 |   |   |   | (182,549 | ) |   |   | - |   |   |   | - |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income and comprehensive income                        |   |   | - |   |   |   | - |   |   |   | 1,986,037 |   |   |   | (23,629 | ) |   |   | 1,962,408 |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                  December 31, 2006                                 |   |   | 2,187,349 |   |   | $ | 5,100,037 |   |   | $ | 6,795,987 |   |   | $ | 4,809 |   |   | $ | 11,900,833 |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Exercise                  of stock options                                  |   |   | 13,793 |   |   |   | 99,999 |   |   |   | - |   |   |   | - |   |   |   | 99,999 |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock-based                  compensation                                   |   |   | - |   |   |   | 433 |   |   |   | - |   |   |   | - |   |   |   | 433 |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash                  dividends paid                                        |   |   | - |   |   |   | - |   |   |   | (108,445 | ) |   |   | - |   |   |   | (108,445 | ) |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends                  reinvested in stock                              |   |   | 3,686 |   |   |   | 44,669 |   |   |   | (44,669 | ) |   |   | - |   |   |   | - |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                  income and comprehensive income                        |   |   | - |   |   |   | - |   |   |   | 428,496 |   |   |   | 6,515 |   |   |   | 435,011 |   |
|                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance,                  March 31, 2007 (Unaudited)                        |   |   | 2,204,828 |   |   | $ | 5,245,138 |   |   | $ | 7,071,369 |   |   | $ | 11,324 |   |   | $ | 12,327,831 |   |

----

***Index***

| OREGON                  PACIFIC BANCORP                                                                           |   |
|-------------------------------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED                  STATEMENTS OF CASH FLOWS                                                            |   |
| (Unaudited)                                                                                                       |   |
|                                                                                                              |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |
|                                                                                                              |   | Three                  Months Ended March 31, |   |
|                                                                                                              |   | 2007 |   |   | 2006 |   |
|                                                                                                              |   |   |   |   |   |   |
| CASH                  FLOWS FROM OPERATING ACTIVITIES                                                             |   |   |   |   |   |   |
| Net                  income                                                                                       |   | $ | 428,496 |   |   | $ | 460,582 |   |
| Adjustments                  to reconcile net income to net cash from operating                  activities: |   |   |   |   |   |   |   |   |
| Depreciation                  and amortization                                                                    |   |   | 144,085 |   |   |   | 145,234 |   |
| Provision                  for loan losses                                                                        |   |   | - |   |   |   | 26,000 |   |
| Stock-based                  compensation                                                                         |   |   | 433 |   |   |   | 3,812 |   |
| Net                  change in mortgage loans held-for-sale                                                       |   |   | (136,107 | ) |   |   | (103,412 | ) |
| Net                  decrease (increase) in accrued interest and other assets                                     |   |   | 1,395,388 |   |   |   | (53,296 | ) |
| Net                  increase (decrease) in accrued interest and other                  liabilities               |   |   | 129,771 |   |   |   | (124,316 | ) |
|                                                                                                              |   |   |   |   |   |   |   |   |
| Net                  cash from operating activities                                                               |   |   | 1,962,066 |   |   |   | 354,604 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
| CASH                  FLOWS FROM INVESTING ACTIVITIES                                                             |   |   |   |   |   |   |   |   |
| Proceeds                  from sales and maturities of available-for-sale securities                              |   |   | 500,000 |   |   |   | 250,000 |   |
| Net                  increase in interest-bearing deposits in banks                                               |   |   | (4,081,654 | ) |   |   | (4,737,687 | ) |
| Loans                  originated, net of principal repayments                                                    |   |   | (1,552,504 | ) |   |   | (1,744,414 | ) |
| Purchase                  of premises and equipment                                                               |   |   | (846,376 | ) |   |   | (154,812 | ) |
| Purchase                  of brokerage firm                                                                       |   |   | - |   |   |   | (460,000 | ) |
|                                                                                                              |   |   |   |   |   |   |   |   |
| Net                  cash from investing activities                                                               |   |   | (5,980,534 | ) |   |   | (6,846,913 | ) |
|                                                                                                              |   |   |   |   |   |   |   |   |
| CASH                  FLOWS FROM FINANCING ACTIVITIES                                                             |   |   |   |   |   |   |   |   |
| Net                  increase in demand and savings deposit accounts                                              |   |   | 1,849,790 |   |   |   | 6,922,961 |   |
| Net                  increase in time deposits                                                                    |   |   | 2,721,029 |   |   |   | 1,089,796 |   |
| Proceeds                  from Federal Home Loan Bank borrowings                                                  |   |   | - |   |   |   | 1,522,000 |   |
| Repayment                  of Federal Home Loan Bank and other borrowings                                         |   |   | (721,084 | ) |   |   | (13,750 | ) |
| Proceeds                  from exercise of common stock options                                                   |   |   | 99,999 |   |   |   | 12,506 |   |
| Stock                  bonuses granted                                                                            |   |   | - |   |   |   | 20,000 |   |
| Cash                  dividends paid                                                                              |   |   | (108,445 | ) |   |   | (85,067 | ) |
|                                                                                                              |   |   |   |   |   |   |   |   |
| Net                  cash from financing activities                                                               |   |   | 3,841,289 |   |   |   | 9,468,446 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
| NET                  (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                             |   |   | (177,179 | ) |   |   | 2,976,137 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
| CASH                  AND CASH EQUIVALENTS, beginning of period                                                   |   | $ | 4,473,047 |   |   | $ | 5,018,838 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
| CASH                  AND CASH EQUIVALENTS, end of period                                                         |   | $ | 4,295,868 |   |   | $ | 7,994,975 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
| SCHEDULE                  OF NONCASH ACTIVITIES                                                                   |   |   |   |   |   |   |   |   |
| Stock                  dividends reinvested                                                                       |   | $ | 44,669 |   |   | $ | 45,049 |   |
|                                                                                                              |   |   |   |   |   |   |   |   |
| Change                  in fair value of AFS securities, net of tax                                               |   | $ | 6,515 |   |   | $ | (36,688 | ) |

----

***Index***

Oregon        Pacific 

----

***Index***

|                                              |   | Amortized                  Cost |       |   | Gross                  Unrealized Gains |   |   | Gross                  Unrealized Losses Less than 12 Months |   |   | Gross                  Unrealized Losses More than 12 Months |   |   | Estimated                  Fair Value |    |
|---------------------------------------------------|--------|---------------------------------|------------|--------|-----------------------------------------|--------|--------|--------------------------------------------------------------|--------|--------|--------------------------------------------------------------|--------|--------|---------------------------------------|---------|
| March                  31, 2007:                  |   |                            |       |   |                                    |   |   |                                                         |   |   |                                                         |   |   |                                  |    |
|                                              |   |                            |       |   |                                    |   |   |                                                         |   |   |                                                         |   |   |                                  |    |
| U.S.                  Treasury and agencies       |   | $                               | 4,000,000  |   |                                    | $      | -      |                                                         |   | $      | -                                                            |   |   | $                                     | (35,000 | ) |   | $ | 3,965,000 |   |
| State                  and political subdivisions |   |                            | 5,336,727  |   |                                    |   | 58,237 |                                                         |   |   | (768                                                         | )      |   |                                  | (5,899  | ) |   |   | 5,388,297 |   |
| Corporate                  notes                  |   |                            | 449,636    |   |                                    |   | 2,304  |                                                         |   |   | -                                                            |   |   |                                  | -       |   |   |   | 451,940 |   |
|                                              |   |                            |       |   |                                    |   |   |                                                         |   |   |                                                         |   |   |                                  |    |   |   |   |   |   |
|                                              |   | $                               | 9,786,363  |   |                                    | $      | 60,541 |                                                         |   | $      | (768                                                         | )      |   | $                                     | (40,899 | ) |   | $ | 9,805,237 |   |
|                                              |   |                            |       |   |                                    |   |   |                                                         |   |   |                                                         |   |   |                                  |    |   |   |   |   |   |
|                                              |   |                            |       |   |                                    |   |   |                                                         |   |   |                                                         |   |   |                                  |    |   |   |   |   |   |
| December                  31, 2006:               |   |                            |       |   |                                    |   |   |                                                         |   |   |                                                         |   |   |                                  |    |   |   |   |   |   |
| U.S.                  Treasury and agencies       |   | $                               | 4,000,000  |   |                                    | $      | -      |                                                         |   | $      | -                                                            |   |   | $                                     | (50,937 | ) |   | $ | 3,949,063 |   |
| State                  and political subdivisions |   |                            | 5,837,779  |   |                                    |   | 65,221 |                                                         |   |   | (2,210                                                       | )      |   |                                  | (7,946  | ) |   |   | 5,892,844 |   |
| Corporate                  notes                  |   |                            | 451,554    |   |                                    |   | 3,887  |                                                         |   |   | -                                                            |   |   |                                  | -       |   |   |   | 455,441 |   |
|                                              |   |                            |       |   |                                    |   |   |                                                         |   |   |                                                         |   |   |                                  |    |   |   |   |   |   |
|                                              |   | $                               | 10,289,333 |   |                                    | $      | 69,108 |                                                         |   | $      | (2,210                                                       | )      |   | $                                     | (58,883 | ) |   | $ | 10,297,348 |   |

|                                                                                                        |   | MAR.                  31, 2007 |        |   | DEC.                  31, 2006 |   |
|-------------------------------------------------------------------------------------------------------------|--------|--------------------------------|-------------|--------|--------------------------------|--------|
|                                                                                                        |   |                           |        |   |                           |   |
| Real                  estate                                                                                |   | $                              | 20,447,206  |   |                           | $      | 20,684,978 |   |
| Commercial                                                                                                  |   |                           | 96,697,097  |   |                           |   | 94,899,657 |   |
| Installment                                                                                                 |   |                           | 7,531,233   |   |                           |   | 7,670,400 |   |
| Overdrafts                                                                                                  |   |                           | 178,009     |   |                           |   | 36,279 |   |
|                                                                                                        |   |                           |        |   |                           |   |   |   |
| Total                  Loans                                                                                |   |                           | 124,853,545 |   |                           |   | 123,291,314 |   |
| Less                  allowance for loan losses                                                             |   |                           | (1,861,221  | )      |                           |   | (1,861,221 | ) |
| Less                  deferred loan fees                                                                    |   |                           | (373,267    | )      |                           |   | (363,540 | ) |
|                                                                                                        |   |                           |        |   |                           |   |   |   |
| Loans,                  net of allowance for loan losses  and deferred loan                  fees |   | $                              | 122,619,057 |   |                           | $      | 121,066,553 |   |

----

***Index***

|                                          |   | MAR.                  31, 2007 |      |   | MAR.                  31, 2006 |   |
|-----------------------------------------------|--------|--------------------------------|-----------|--------|--------------------------------|--------|
|                                          |   |                           |      |   |                           |   |
| Balance,                  beginning of period |   | $                              | 1,861,221 |   |                           | $      | 1,858,185 |   |
| Provision                  for loan losses    |   |                           | -         |   |                           |   | 26,000 |   |
| Loans                  charged off            |   |                           | -         |   |                           |   | - |   |
| Loan                  recoveries              |   |                           | -         |   |                           |   | - |   |
|                                          |   |                           |      |   |                           |   |   |   |
| Balance,                  end of period       |   | $                              | 1,861,221 |   |                           | $      | 1,884,185 |   |

----

***Index***

| Options                                         |   | Shares |    |   | Weighted                  Average Exercise Price ($) |   |   | Weighted                  Avg.Remaining Contractual Term ( in yrs.) |   |   | Aggregate                  Intrinsic Value |   |
|-------------------------------------------------|--------|--------|---------|--------|------------------------------------------------------|--------|--------|---------------------------------------------------------------------|--------|--------|--------------------------------------------|--------|
|                                            |   |   |    |   |                                                 |   |   |                                                                |   |   |                                       |   |
| Outstanding                  at January 1, 2007 |   |   | 34,272  |   |                                                 |   | 8.83   |                                                                |   |   |                                       |   |   |   |
| Granted                                         |   |   | -       |   |                                                 |   |   |                                                                |   |   |                                       |   |   |   |
| Exercised                                       |   |   | (13,793 | )      |                                                 |   | 7.25   |                                                                |   |   |                                       |   |   |   |
| Outstanding                  at March 31, 2007  |   |   | 20,479  |   |                                                 |   | 9.89   |                                                                |   |   | 3.81                                       |   |   |   | 38,112 |   |
| Vested                  at March 31, 2007       |   |   | 12,798  |   |                                                 |   | 7.93   |                                                                |   |   | 2.60                                       |   |   |   | 38,880 |   |
| Exercisable                  at March 31, 2007  |   |   | 7,397   |   |                                                 |   | 6.42   |                                                                |   |   | 2.37                                       |   |   |   | 39,421 |   |

----

***Index***

| **Item                  2.** | **Management’s                  Discussion and Analysis of Financial Condition and Results of                  Operations** |
|------------------------------|-----------------------------------------------------------------------------------------------------------------------------------|

**Critical        Accounting Policies and Estimates**

----

***Index***

**Overview**

**Financial        Condition**

**Results        of Operations**

----

***Index***

*Average        Balances and Average Rates Earned and Paid.  *

----

***Index***

|                                                                 |   | Three                    Months Ended Mar 31, 2007 |    |   | Three                    Months Ended Mar 31, 2006 |   |   | Increase                    (Decrease) |   |
|----------------------------------------------------------------------|--------|----------------------------------------------------|---------|--------|----------------------------------------------------|--------|--------|----------------------------------------|--------|
|                                                                 |   |                                               |    |   | Interest                                           |   |   | Average                                |   |   |   |   |   | Interest |   |   | Average |   |   |   |   |   |   |   |
|                                                                 |   | Average                                            |    |   | Income                    or                       |   |   | Yield                    or            |   |   | Average |   |   | Income                    or |   |   | Yield                    or |   |   | Due                    to change in |   |   | Net |   |
| **(dollars                    in thousands)**                        |   | Balance                                            |    |   | Expense                                            |   |   | Rates                                  |   |   | Balance |   |   | Expense |   |   | Rates |   |   | Volume |   |   | Rate |   |   | Change |   |
| Interest-earning                    assets:                          |   |                                               |    |   |                                               |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                    **(2)**                                     |   | $                                                  | 124,023 |   |                                               | $      | 2,689  |                                   |   |   | 8.67 | % |   | $ | 121,100 |   |   | $ | 2,558 |   |   |   | 8.45 | % |   | $ | 62 |   |   | $ | 69 |   |   | $ | 131 |   |
| Investment                    securities                             |   |                                               |    |   |                                               |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Taxable                    securities                                |   |                                               | 5,573   |   |                                               |   | 48     |                                   |   |   | 3.45 | % |   |   | 5,631 |   |   |   | 48 |   |   |   | 3.41 | % |   |   | (0 | ) |   |   | 0 |   |   |   | 0 |   |
| Nontaxable                    securities **(1)**                     |   |                                               | 5,437   |   |                                               |   | 86     |                                   |   |   | 6.35 | % |   |   | 6,785 |   |   |   | 73 |   |   |   | 4.30 | % |   |   | (15 | ) |   |   | 28 |   |   |   | 13 |   |
| Interest-earning                    balances due from banks          |   |                                               | 4,381   |   |                                               |   | 58     |                                   |   |   | 5.30 | % |   |   | 9,655 |   |   |   | 106 |   |   |   | 4.39 | % |   |   | (58 | ) |   |   | 10 |   |   |   | (48 | ) |
| Total                    interest-earning assets                     |   |                                               | 139,414 |   |                                               |   | 2,881  |                                   |   |   | 8.27 | % |   |   | 143,171 |   |   |   | 2,785 |   |   |   | 7.78 | % |   |   | (11 | ) |   |   | 108 |   |   |   | 96 |   |
|                                                                 |   |                                               |    |   |                                               |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash                    and due from banks                           |   |                                               | 3,932   |   |                                               |   |   |                                   |   |   |   |   |   |   | 4,774 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Premises                    and equipment, net                       |   |                                               | 7,472   |   |                                               |   |   |                                   |   |   |   |   |   |   | 5,239 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                    real estate                                 |   |                                               | 0       |   |                                               |   |   |                                   |   |   |   |   |   |   | 0 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loan                    loss allowance                               |   |                                               | (1,861  | )      |                                               |   |   |                                   |   |   |   |   |   |   | (1,872 | ) |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                    assets                                      |   |                                               | 2,870   |   |                                               |   |   |                                   |   |   |   |   |   |   | 4,476 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                                               |    |   |                                               |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                    assets                                      |   | $                                                  | 151,827 |   |                                               |   |   |                                   |   |   |   |   |   | $ | 155,788 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                                               |    |   |                                               |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing                    liabilities:                     |   |                                               |    |   |                                               |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing                    checking and savings accounts    |   | $                                                  | 55,486  |   |                                               | $      | 330    |                                   |   |   | 2.38 | % |   | $ | 59,102 |   |   | $ | 248 |   |   |   | 1.68 | % |   | $ | (15 | ) |   | $ | 97 |   |   | $ | 82 |   |
| Time                    deposit and IRA accounts                     |   |                                               | 33,741  |   |                                               |   | 362    |                                   |   |   | 4.29 | % |   |   | 33,324 |   |   |   | 280 |   |   |   | 3.36 | % |   |   | 4 |   |   |   | 78 |   |   |   | 82 |   |
| Borrowed                    funds                                    |   |                                               | 15,148  |   |                                               |   | 202    |                                   |   |   | 5.33 | % |   |   | 16,706 |   |   |   | 207 |   |   |   | 4.96 | % |   |   | (19 | ) |   |   | 14 |   |   |   | (5 | ) |
| Total                    interest-bearing liabilities                |   |                                               | 104,375 |   |                                               |   | 894    |                                   |   |   | 3.43 | % |   |   | 109,132 |   |   |   | 735 |   |   |   | 2.69 | % |   |   | (31 | ) |   |   | 190 |   |   |   | 159 |   |
| Noninterest-bearing                    deposits                      |   |                                               | 31,945  |   |                                               |   |   |                                   |   |   |   |   |   |   | 32,774 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other                    liabilities                                 |   |                                               | 3,488   |   |                                               |   |   |                                   |   |   |   |   |   |   | 3,645 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                    liabilities                                 |   |                                               | 139,808 |   |                                               |   |   |                                   |   |   |   |   |   |   | 145,551 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Shareholders’                    equity                        |   |                                               | 12,019  |   |                                               |   |   |                                   |   |   |   |   |   |   | 10,237 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                                               |    |   |                                               |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                    liabilities and share-holders’ equity |   | $                                                  | 151,827 |   |                                               |   |   |                                   |   |   |   |   |   | $ | 155,788 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                                               |    |   |                                               |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    interest income                               |   |                                               |    |   |                                               | $      | 1,987  |                                   |   |   |   |   |   |   |   |   |   | $ | 2,050 |   |   |   |   |   |   | $ | 20 |   |   | $ | (82 | ) |   | $ | (63 | ) |
|                                                                 |   |                                               |    |   |                                               |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    interest spread                               |   |                                               |    |   |                                               |   |   |                                   |   |   | 4.84 | % |   |   |   |   |   |   |   |   |   |   | 5.09 | % |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                                               |    |   |                                               |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    interest expense to average earning assets    |   |                                               |    |   |                                               |   |   |                                   |   |   | 2.57 | % |   |   |   |   |   |   |   |   |   |   | 2.05 | % |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                                               |    |   |                                               |   |   |                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net                    interest margin                               |   |                                               |    |   |                                               |   |   |                                   |   |   | 5.70 | % |   |   |   |   |   |   |   |   |   |   | 5.73 | % |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

***Index***

|                                                         |   | Three                  months ended |    |   |   |   |    |                      |   |
|--------------------------------------------------------------|--------|-------------------------------------|---------|--------|--------|--------|---------|---------------------------|--------|
|                                                         |   | March                  31,          |    |   |   |   |    |                      |   |
|                                                         |   | 2007                                |    |   | 2006   |   |    | $                  Change |   |   | %                  Change |   |
|                                                         |   |                                |    |   |   |   |    |                      |   |   |   |   |
| Service                  charges and fees                    |   | $                                   | 218,674 |   |   | $      | 250,393 |                      |   | $ | (31,719 | ) |   |   | -12.7 | % |
| Trust                  fee income                            |   |                                | 173,393 |   |   |   | 159,043 |                      |   | $ | 14,350 |   |   |   | 9.0 | % |
| Mortgage                  loan sales and servicing fees, net |   |                                | 111,751 |   |   |   | 125,924 |                      |   | $ | (14,173 | ) |   |   | -11.3 | % |
| Investment                  sales commissions                |   |                                | 100,278 |   |   |   | 91,288  |                      |   | $ | 8,990 |   |   |   | 9.8 | % |
| Other                  income                                |   |                                | 45,719  |   |   |   | 34,046  |                      |   | $ | 11,673 |   |   |   | 34.3 | % |
|                                                         |   |                                |    |   |   |   |    |                      |   |   |   |   |   |   |   |   |
|                                                         |   | $                                   | 649,815 |   |   | $      | 660,694 |                      |   | $ | (10,879 | ) |   |   | -1.6 | % |

|                                                      |   | Three                  months ended |      |   |   |   |      |                      |   |
|-----------------------------------------------------------|--------|-------------------------------------|-----------|--------|--------|--------|-----------|---------------------------|--------|
|                                                      |   | March                  31,          |      |   |   |   |      |                      |   |
|                                                      |   | 2006                                |      |   | 2006   |   |      | $                  Change |   |   | %                  Change |   |
|                                                      |   |                                |      |   |   |   |      |                      |   |   |   |   |
| Salaries                  and benefits                    |   | $                                   | 1,196,149 |   |   | $      | 1,231,546 |                      |   | $ | (35,397 | ) |   |   | -2.9 | % |
| Occupancy                  expense                        |   |                                | 217,164   |   |   |   | 225,247   |                      |   | $ | (8,083 | ) |   |   | -3.6 | % |
| Outside                  services                         |   |                                | 193,988   |   |   |   | 168,154   |                      |   | $ | 25,834 |   |   |   | 15.4 | % |
| Securities                  and trust department expenses |   |                                | 81,247    |   |   |   | 60,382    |                      |   | $ | 20,865 |   |   |   | 34.6 | % |
| Other                  expenses                           |   |                                | 248,842   |   |   |   | 285,579   |                      |   | $ | (36,737 | ) |   |   | -12.9 | % |
|                                                      |   |                                |      |   |   |   |      |                      |   |   |   |   |   |   |   |   |
|                                                      |   | $                                   | 1,937,390 |   |   | $      | 1,970,908 |                      |   | $ | (33,518 | ) |   |   | -1.7 | % |

----

***Index***

**Liquidity        and Capital Resources**

| **Item                  3.** | **Quantitive                  and Qualitive Disclosures about Market                  Risk** |
|------------------------------|----------------------------------------------------------------------------------------------|

| **Item                  4.** | **Controls                  and Procedures** |
|------------------------------|----------------------------------------------|

| (a) | The                  Company’s management, including the Company’s Chief Executive Officer and                  Chief Financial Officer, evaluated the effectiveness of its disclosure                  controls and procedures as of March 31, 2007. Based on this evaluation,                  the Chief Executive Officer and the Chief Financial Officer each                  concludes                  that as of March 31, 2007, the Company maintained effective disclosure                  controls and procedures in all material respects, including those                  to                  ensure that information required to be disclosed in reports filed                  or                  submitted with the SEC is recorded, processed, and reported within                  the                  time periods specified by the SEC, and is accumulated and communicated                  to                  management, including the Chief Executive Officer and the Chief                  Financial                  Officer, as appropriate to allow for timely decision regarding                  required                  disclosure. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

***Index***

| (b) | Changes                  in Internal Controls: In the quarter ended March 31, 2007, the                  Company did                  not make any significant changes in, nor take any corrective actions                  regarding, its internal controls or other factors that could significantly                  affect these controls. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Disclosure        Controls and Internal Controls.**

**Limitations        on the Effectiveness of Controls**

| **PART                  II.** | **OTHER                  INFORMATION** |
|-------------------------------|----------------------------------------|

| **Item                  1.** | **Legal                  proceedings.** |
|------------------------------|-----------------------------------------|

| **Item                  1A.** | **Risk                  factors.** |
|-------------------------------|------------------------------------|

----

***Index***

| **Item                  2.** | **Unregistered                  sales of equity securities and use of                  proceeds.** |
|------------------------------|----------------------------------------------------------------------------------------------------|

| **Item                  3.** | **Defaults                  upon senior                  securities.** |
|------------------------------|------------------------------------------------------------------------|

| **Item                  4.** | **Submission                  of matters to a vote of security holders.** |
|------------------------------|---------------------------------------------------------------------------|

| **Item                  5.** | **Other                  information.** |
|------------------------------|-----------------------------------------|

| **Item                  6.** | **Exhibits                  and reports on Form 8-K.** |
|------------------------------|--------------------------------------------------------|

| (a) | Exhibits. |
|-----|-----------|

|   | 3.1 | Articles                  of Incorporation of Oregon Pacific Bancorp (incorporated herein                  by                  reference to Exhibit 3(i) to Oregon Pacific Bancorp’s Form 10-K for the                  year ended December 31, 2002 filed with the Securities and Exchange                  Commission on March 31, 2003). |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3.2 | Bylaws                  of Oregon Pacific Bancorp (incorporated herein by reference to                  Exhibit                  3(i) to Oregon Pacific Bancorp’s Form 10-K for the year ended December 31,                  2002 filed with the Securities and Exchange Commission on March                  31,                  2003). |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.1 | 2003                  Stock Incentive Plan (incorporated by reference to Exhibit 1 to                  Oregon                  Pacific Bancorp’s Form DEF 14A filed with the Securities and Exchange                  Commission on March 25, 2003). |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.2 | Oregon                  Pacific Banking Co. Deferred Compensation and Incentive Plan (incorporated                  herein by reference to Exhibit 10.2 to Oregon Pacific Bancorp’s Form 10-K                  for the year ended December 31, 2003 filed with the Securities                  and                  Exchange Commission on March 30,                  2004). |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 31.1 | Certification                  of Chief Executive Officer pursuant to rule 13a-14(a) or Rule 15d-14(a)                  and Section 302(a) of the Sarbanes-Oxley Act of                  2002.** |
|--|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 31.2 | Certification                  of Chief Financial Officer pursuant to rule 13a-14(a) or Rule 15d-14(a)                  and Section 302(a) of the Sarbanes-Oxley Act of                  2002.** |
|--|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification                  Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section                  906 of                  the Sarbanes-Oxley Act of 2002. ** |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  (b) | On                  February 9, 2007 a Form 8-K was filed under items 2.02 and                  9.01 announcing 2006 fourth quarter and year                  earnings. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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***Index***

**SIGNATURES**

|   | OREGON                  PACIFIC BANCORP  |
|--------|-----------------------------------------------|
|   |                                          |   |
|   |                                          |   |
|   | By:                                           | /s/                  James P. Clark |
|   |                                          |   |
|   |                                          | James                  P. Clark |
|   |                                          | President,                  Chief Executive Officer |
|   |                                          | And                  Director (*Chief Executive Officer)* |
|   |                                          |   |
|   |                                          |   |
|   | By:                                           | /s/                  Joanne Forsberg |
|   |                                          |   |
|   |                                          | Joanne                  Forsberg |
|   |                                          | Chief                  Financial Officer and Secretary |
|   |                                          | (*Principal                  Financial Officer)* |

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