ORRSTOWN FINANCIAL SERVICES INC
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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 September 30, 2024 | ||||||
|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | CommonStock | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveLoss | TreasuryStock | TotalShareholders’Equity |
| Balance, July 1, 2024 | $583 | $187,694 | $129,670 | $(28,404) | $(11,167) | $278,376 |
| Net loss | — | — | (7,903) | — | — | (7,903) |
| Total other comprehensive income, net of taxes | — | — | — | 12,516 | — | 12,516 |
| Cash dividends ($0.23 per share) | — | — | (4,456) | — | — | (4,456) |
| Issuance of common stock (8,532,038 common shares) to acquire Codorus Valley Bancorp, Inc. | 444 | 233,013 | — | — | — | 233,457 |
| Share-based compensation plans: | ||||||
| 4,000 net common shares acquired and 125,091 net treasury shares issued, including compensation expense totaling $5,657 | — | 1,470 | — | — | 2,746 | 4,216 |
| Balance, September 30, 2024 | $1,027 | $422,177 | $117,311 | $(15,888) | $(8,421) | $516,206 |
| Nine Months Ended September 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 | — | — | 8,366 | — | — | 8,366 |
| Total other comprehensive income, net of taxes | — | — | — | 12,588 | — | 12,588 |
| Cash dividends ($0.63 per share) | — | — | (8,722) | — | — | (8,722) |
| Issuance of common stock (8,532,038 common shares) to acquire Codorus Valley Bancorp, Inc. | 444 | 232,983 | — | — | — | 233,427 |
| Share-based compensation plans: | ||||||
| 7,330 net common shares acquired and 236,256 net treasury shares issued, including compensation expense totaling $7,488 | — | 167 | — | — | 5,324 | 5,491 |
| Balance, September 30, 2024 | $1,027 | $422,177 | $117,311 | $(15,888) | $(8,421) | $516,206 |
| Three Months Ended September 30, 2023 | ||||||
|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | CommonStock | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveLoss | TreasuryStock | TotalShareholders’Equity |
| Balance, July 1, 2023 | $583 | $187,859 | $105,239 | $(34,196) | $(13,844) | $245,641 |
| Net income | — | — | 9,026 | — | — | 9,026 |
| Total other comprehensive loss, net of taxes | — | — | — | (10,147) | — | (10,147) |
| Cash dividends ($0.20 per share) | — | — | (2,121) | — | — | (2,121) |
| Share-based compensation plans: | ||||||
| 1,600 net common shares acquired and 3,446 net treasury shares issued, including compensation expense totaling $1,228 | — | 599 | — | — | 82 | 681 |
| Balance, September 30, 2023 | $583 | $188,458 | $112,144 | $(44,343) | $(13,762) | $243,080 |
| Nine Months Ended September 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 | — | — | 28,020 | — | — | 28,020 |
| Total other comprehensive loss, net of taxes | — | — | — | (4,430) | — | (4,430) |
| Cash dividends ($0.60 per share) | — | — | (6,365) | — | — | (6,365) |
| Share-based compensation plans: | ||||||
| 22,762 net common shares acquired and 35,380 net treasury shares acquired, including compensation expense totaling $1,763 | (1) | (806) | — | — | (250) | (1,057) |
| Balance, September 30, 2023 | $583 | $188,458 | $112,144 | $(44,343) | $(13,762) | $243,080 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.