ORRSTOWN FINANCIAL SERVICES INC
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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 Balance Sheets
| December 31, | ||
|---|---|---|
| (Dollars in thousands, except per share amounts) | 2024 | 2023 |
| Assets | ||
| Cash and due from banks | $51,026 | $32,586 |
| Interest-bearing deposits with banks | 197,848 | 32,575 |
| Cash and cash equivalents | 248,874 | 65,161 |
| Restricted investments in bank stocks | 20,232 | 11,992 |
| Securities available-for-sale (amortized cost of $864,920 and $549,089 at December 31, 2024 and 2023, respectively) | 829,711 | 513,519 |
| Loans held for sale, at fair value | 6,614 | 5,816 |
| Loans | 3,931,214 | 2,298,313 |
| Less: Allowance for credit losses | (48,689) | (28,702) |
| Net loans | 3,882,525 | 2,269,611 |
| Premises and equipment, net | 50,217 | 29,393 |
| Cash surrender value of life insurance | 143,854 | 73,204 |
| Goodwill | 68,106 | 18,724 |
| Other intangible assets, net | 47,765 | 2,414 |
| Accrued interest receivable | 21,058 | 13,630 |
| Deferred tax assets, net | 42,647 | 22,017 |
| Other assets | 79,986 | 38,759 |
| Total assets | $5,441,589 | $3,064,240 |
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing | $894,176 | $430,959 |
| Interest-bearing | 3,728,920 | 2,127,855 |
| Total deposits | 4,623,096 | 2,558,814 |
| Securities sold under agreements to repurchase and federal funds purchased | 25,863 | 9,785 |
| FHLB advances and other borrowings | 115,364 | 137,500 |
| Subordinated notes and trust preferred debt | 68,680 | 32,093 |
| Other liabilities | 91,904 | 60,992 |
| Total liabilities | 4,924,907 | 2,799,184 |
| Commitments and contingencies | ||
| Shareholders’ Equity | ||
| Preferred stock, $1.25 par value per share; 500,000 shares authorized; no shares issued or outstanding | — | — |
| Common stock, no par value—$0.05205 stated value per share 50,000,000 shares authorized; 19,722,640 shares issued and 19,389,967 outstanding at December 31, 2024; 11,204,599 shares issued and 10,612,390 outstanding at December 31, 2023 | 1,027 | 583 |
| Additional paid—in capital | 423,274 | 189,027 |
| Retained earnings | 126,540 | 117,667 |
| Accumulated other comprehensive loss | (26,316) | (28,476) |
| Treasury stock— 332,673 and 592,209 shares, at cost, at December 31, 2024 and 2023, respectively | (7,843) | (13,745) |
| Total shareholders’ equity | 516,682 | 265,056 |
| Total liabilities and shareholders’ equity | $5,441,589 | $3,064,240 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.