ORRSTOWN FINANCIAL SERVICES INC

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 31, 2025

ORRF$44.32-0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Comprehensive Income(Loss)

	Years Ended December 31,
(Dollars in thousands)	2024	2023	2022
Net income	$22,050	$35,663	$22,037
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on securities available-for-sale arising during the period	542	13,936	(55,321)
Reclassification adjustment for (gains) losses realized in net income	(181)	44	139
Net unrealized gains (losses) on securities available-for-sale	361	13,980	(55,182)
Tax effect	(82)	(3,075)	11,588
Total other comprehensive income (loss), net of tax and reclassification adjustments on securities available-for-sale	279	10,905	(43,594)
Unrealized gains (losses) on interest rate swaps used in cash flow hedges	1,429	682	(972)
Reclassification adjustment for losses realized in net income	—	—	—
Net unrealized gains (losses) on interest rate swaps used in cash flow hedges	1,429	682	(972)
Tax effect	(325)	(150)	204
Total other comprehensive income (loss), net of tax and reclassification adjustments on interest rate swaps used in cash flow hedges	1,104	532	(768)
Change in tax rate	777	—	—
Total other comprehensive income (loss), net of tax and reclassification adjustments	2,160	11,437	(44,362)
Total comprehensive income (loss)	$24,210	$47,100	$(22,325)

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