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 Statements of Changes in Shareholders’ Equity
| Years Ended December 31, 2024, 2023 and 2022 | ||||||
|---|---|---|---|---|---|---|
| (Dollars in thousands, except per share amounts) | CommonStock | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveIncome (Loss) | TreasuryStock | TotalShareholders’Equity |
| Balance, January 1, 2022 | $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 |
| Net income | — | — | 22,050 | — | — | 22,050 |
| Total other comprehensive income, net of taxes | — | — | — | 2,160 | — | 2,160 |
| Cash dividends ($0.86 per share) | — | — | (13,177) | — | — | (13,177) |
| Issuance of stock (8,532,038 common shares) to acquire Codorus Valley Bancorp, Inc. | 444 | 232,983 | — | — | — | 233,427 |
| Share-based compensation plans: | ||||||
| 13,997 net common shares acquired and 259,536 net treasury shares issued, including compensation expense totaling $8,719 | — | 1,264 | — | — | 5,902 | 7,166 |
| Balance, December 31, 2024 | $1,027 | $423,274 | $126,540 | $(26,316) | $(7,843) | $516,682 |
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