ORRSTOWN FINANCIAL SERVICES INC
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
ORRF$44.44+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Shareholders’ Equity
| Years Ended December 31, 2023, 2022 and 2021 | ||||||
|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | CommonStock | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveIncome (Loss) | TreasuryStock | TotalShareholders’Equity |
| Balance, January 1, 2021 | $586 | $189,066 | $54,099 | $3,346 | $(848) | $246,249 |
| Net income | — | — | 32,881 | — | — | 32,881 |
| Total other comprehensive income, net of taxes | — | — | — | 1,103 | — | 1,103 |
| Cash dividends ($0.74 per share) | — | — | (8,280) | — | — | (8,280) |
| Share-based compensation plans: | ||||||
| 1,121 net common shares issued and 19,388 net treasury shares acquired, including compensation expense totaling $1,949 | — | 623 | — | — | (920) | (297) |
| Balance, December 31, 2021 | 586 | 189,689 | 78,700 | 4,449 | (1,768) | 271,656 |
| Net income | — | — | 22,037 | — | — | 22,037 |
| Total other comprehensive loss, net of taxes | — | — | — | (44,362) | — | (44,362) |
| Cash dividends ($0.76 per share) | — | — | (8,264) | — | — | (8,264) |
| Share-based compensation plans: | ||||||
| 28,925 net common shares acquired and 482,712 net treasury shares acquired, including compensation expense totaling $2,154 | (2) | (425) | — | — | (11,744) | (12,171) |
| Balance, December 31, 2022 | 584 | 189,264 | 92,473 | (39,913) | (13,512) | 228,896 |
| Cumulative effect of change in accounting principle (Note 4) | — | — | (1,984) | — | — | (1,984) |
| Net income | — | — | 35,663 | — | — | 35,663 |
| Total other comprehensive income, net of taxes | — | — | — | 11,437 | — | 11,437 |
| Cash dividends ($0.80 per share) | — | — | (8,485) | — | — | (8,485) |
| Share-based compensation plans: | ||||||
| 24,643 net common shares acquired and 34,380 net treasury shares acquired, including compensation expense totaling $2,356 | (1) | (237) | — | — | (233) | (471) |
| Balance, December 31, 2023 | $583 | $189,027 | $117,667 | $(28,476) | $(13,745) | $265,056 |
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