ORRSTOWN FINANCIAL SERVICES INC
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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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.
Jun 30, 2025 · Filed Aug 8, 2025
ORRF$43.82-0.3%Stored close · as of Nov 6, 2026
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Glossary
Glossary of Defined Terms
The following terms may be used throughout this Report, including the unaudited condensed consolidated financial statements and related notes.
| Term | Definition |
|---|---|
| ACL | Allowance for credit losses |
| AFS | Available-for-sale |
| AOCI | Accumulated other comprehensive income (loss) |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| Bank | Orrstown Bank, the commercial banking subsidiary of Orrstown Financial Services, Inc. |
| CECL | Current expected credit losses |
| CMO | Collateralized mortgage obligation |
| Codorus Valley or CVB | Codorus Valley Bancorp, Inc. |
| DCF | Discounted cash flow |
| ERM | Enterprise Risk Management |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| FASB | Financial Accounting Standards Board |
| FDIC | Federal Deposit Insurance Corporation |
| FDM | Financial difficulty modification |
| FHLB | Federal Home Loan Bank |
| FOMC | Federal Open Market Committee |
| FRB | Board of Governors of the Federal Reserve System |
| GAAP | Accounting principles generally accepted in the United States of America |
| GDP | Gross Domestic Product |
| GSE | U.S. government-sponsored enterprise |
| IEL | Individually evaluated loan |
| IRC | Internal Revenue Code of 1986, as amended |
| LHFS | Loans held for sale |
| MBS | Mortgage-backed securities |
| MSR | Mortgage servicing right |
| OCI | Other comprehensive income (loss) |
| OREO | Other real estate owned (foreclosed real estate) |
| 2011 Plan | 2011 Orrstown Financial Services, Inc. Incentive Stock Plan |
| 2025 Plan | Orrstown Financial Services, Inc. 2025 Stock Incentive Plan |
| PACE | Property Assessed Clean Energy loans |
| PCD loans | Purchased credit deteriorated loans |
| PCE | Personal Consumption Expenditures |
| ReRemic | Re-securitization of Real Estate Mortgage Investment Conduits |
| ROU | Right of use (leases) |
| SBA | U.S. Small Business Administration |
| SEC | Securities and Exchange Commission |
| Securities Act | Securities Act of 1933, as amended |
| SOFR | Secured Overnight Financing Rate |
| Unless the context otherwise requires, the terms “Orrstown,” “we,” “us,” “our,” and “Company” refer to Orrstown Financial Services, Inc. and its subsidiaries. | |
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