ORRSTOWN FINANCIAL SERVICES INC
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 8, 2024
ORRF$44.44+1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)
Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)
| Three Months Ended June 30, 2024 | ||||||
|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | CommonStock | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveLoss | TreasuryStock | TotalShareholders’Equity |
| Balance, April 1, 2024 | $583 | $187,267 | $124,075 | $(28,668) | $(11,575) | $271,682 |
| Net income | — | — | 7,738 | — | — | 7,738 |
| Total other comprehensive income, net of taxes | — | — | — | 264 | — | 264 |
| Cash dividends ($0.20 per share) | — | — | (2,143) | — | — | (2,143) |
| Share-based compensation plans: | ||||||
| 1,952 net common shares acquired and 17,100 net treasury shares issued, including compensation expense totaling $864 | — | 457 | — | — | 408 | 865 |
| Payment for fractional shares of common stock pursuant to merger | — | (30) | — | — | — | (30) |
| Balance, June 30, 2024 | $583 | $187,694 | $129,670 | $(28,404) | $(11,167) | $278,376 |
| Six Months Ended June 30, 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 | — | — | 16,269 | — | — | 16,269 |
| Total other comprehensive income, net of taxes | — | — | — | 72 | — | 72 |
| Cash dividends ($0.40 per share) | — | — | (4,266) | — | — | (4,266) |
| Share-based compensation plans: | ||||||
| 3,330 net common shares acquired and 111,165 net treasury shares issued, including compensation expense totaling $1,831 | — | (1,303) | — | — | 2,578 | 1,275 |
| Payment for fractional shares of common stock pursuant to merger | — | (30) | — | — | — | (30) |
| Balance, June 30, 2024 | $583 | $187,694 | $129,670 | $(28,404) | $(11,167) | $278,376 |
| Three Months Ended June 30, 2023 | ||||||
|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | CommonStock | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveLoss | TreasuryStock | TotalShareholders’Equity |
| Balance, April 1, 2023 | $584 | $187,572 | $97,519 | $(32,825) | $(12,689) | $240,161 |
| Net income | — | — | 9,838 | — | — | 9,838 |
| Total other comprehensive loss, net of taxes | — | — | — | (1,371) | — | (1,371) |
| Cash dividends ($0.20 per share) | — | — | (2,118) | — | — | (2,118) |
| Share-based compensation plans: | ||||||
| 14,652 net common shares acquired and 65,830 net treasury shares acquired, including compensation expense totaling $535 | (1) | 287 | — | — | (1,155) | (869) |
| Balance, June 30, 2023 | $583 | $187,859 | $105,239 | $(34,196) | $(13,844) | $245,641 |
| Six Months Ended June 30, 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 | — | — | 18,994 | — | — | 18,994 |
| Total other comprehensive income, net of taxes | — | — | — | 5,717 | — | 5,717 |
| Cash dividends ($0.40 per share) | — | — | (4,244) | — | — | (4,244) |
| Share-based compensation plans: | ||||||
| 21,162 net common shares acquired and 38,826 net treasury shares acquired, including compensation expense totaling $1,154 | (1) | (1,405) | — | — | (332) | (1,738) |
| Balance, June 30, 2023 | $583 | $187,859 | $105,239 | $(34,196) | $(13,844) | $245,641 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.