ORRSTOWN FINANCIAL SERVICES INC
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 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 (Unaudited)
Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)
| Three Months Ended March 31, 2024 | ||||||
|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | CommonStock | AdditionalPaid-InCapital | RetainedEarnings | Accumulated Other Comprehensive Loss | TreasuryStock | TotalShareholders’Equity |
| Balance, January 1, 2024 | $583 | $189,027 | $117,667 | $(28,476) | $(13,745) | $265,056 |
| Net income | — | — | 8,531 | — | — | 8,531 |
| Total other comprehensive loss, net of taxes | — | — | — | (192) | — | (192) |
| Cash dividends ($0.20 per share) | — | — | (2,123) | — | — | (2,123) |
| Share-based compensation plans: | ||||||
| 1,378 net common shares acquired and 94,065 net treasury shares issued, including compensation expense totaling $967 | — | (1,760) | — | — | 2,170 | 410 |
| Balance, March 31, 2024 | $583 | $187,267 | $124,075 | $(28,668) | $(11,575) | $271,682 |
| Three Months Ended March 31, 2023 | ||||||
|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | CommonStock | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveLoss | TreasuryStock | TotalShareholders’Equity |
| Balance, January 1, 2023 | $584 | $189,264 | $92,473 | $(39,913) | $(13,512) | $228,896 |
| Cumulative effect of change in accounting principle - CECL (Note 4) | — | — | (1,984) | — | — | (1,984) |
| Net income | — | — | 9,156 | — | — | 9,156 |
| Total other comprehensive income, net of taxes | — | — | — | 7,088 | — | 7,088 |
| Cash dividends ($0.20 per share) | — | — | (2,126) | — | — | (2,126) |
| Share-based compensation plans: | ||||||
| 6,510 net common shares acquired and 27,004 net treasury shares issued, including compensation expense totaling $619 | — | (1,692) | — | — | 823 | (869) |
| Balance, March 31, 2023 | $584 | $187,572 | $97,519 | $(32,825) | $(12,689) | $240,161 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.