ORRSTOWN FINANCIAL SERVICES INC
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
View on SEC.govAbout this filing
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.
FY2025 · Filed Mar 12, 2026
ORRF$44.32-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
| Years Ended December 31, | |||
|---|---|---|---|
| (Dollars in thousands, except per share amounts) | 2025 | 2024 | 2023 |
| Interest income | |||
| Loans | $256,630 | $210,287 | $126,595 |
| Investment securities - taxable | 37,668 | 27,361 | 18,031 |
| Investment securities - tax-exempt | 3,515 | 3,521 | 3,462 |
| Short term investments | 5,921 | 7,764 | 1,809 |
| Total interest income | 303,734 | 248,933 | 149,897 |
| Interest expense | |||
| Deposits | 92,338 | 84,234 | 37,510 |
| Securities sold under agreements to repurchase and federal funds purchased | 402 | 215 | 114 |
| FHLB advances and other borrowings | 6,310 | 4,945 | 5,350 |
| Subordinated notes and trust preferred debt | 4,892 | 4,285 | 2,017 |
| Total interest expense | 103,942 | 93,679 | 44,991 |
| Net interest income | 199,792 | 155,254 | 104,906 |
| Provision for credit losses - loans | 126 | 17,408 | 1,682 |
| Recovery of credit losses - unfunded loan commitments | (100) | (862) | — |
| Net interest income after net provision for credit losses | 199,766 | 138,708 | 103,224 |
| Noninterest income | |||
| Service charges on deposit accounts | 8,102 | 5,327 | 3,949 |
| Interchange income | 6,041 | 5,259 | 3,873 |
| Other service charges, commissions and fees | 3,145 | 1,566 | 917 |
| Swap fee income | 2,991 | 1,676 | 1,039 |
| Trust and investment management income | 14,975 | 11,501 | 7,691 |
| Brokerage income | 6,723 | 4,852 | 3,649 |
| Mortgage banking activities | 1,805 | 1,835 | 591 |
| Income from life insurance | 5,402 | 3,866 | 2,482 |
| Investment securities gains (losses) | 166 | 249 | (47) |
| Other income | 2,963 | 1,304 | 1,508 |
| Total noninterest income | 52,313 | 37,435 | 25,652 |
| Noninterest expenses | |||
| Salaries and employee benefits | 85,171 | 76,581 | 50,983 |
| Occupancy | 7,474 | 5,978 | 4,342 |
| Furniture and equipment | 9,504 | 8,592 | 5,251 |
| Data processing | 4,297 | 6,088 | 4,913 |
| Automated teller and interchange fees | 3,194 | 2,281 | 1,252 |
| Advertising and bank promotions | 2,291 | 2,587 | 2,157 |
| FDIC insurance | 2,833 | 2,677 | 1,960 |
| Professional services | 7,492 | 4,142 | 2,905 |
| Directors' compensation | 1,222 | 783 | 915 |
| Taxes other than income | 2,639 | 734 | 1,050 |
| Intangible asset amortization | 9,765 | 5,742 | 953 |
| (continued) | |||
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Merger-related expenses | 2,617 | 22,671 | 1,059 |
| Provision for legal settlement | — | 478 | — |
| Restructuring expenses | 91 | 296 | — |
| Other operating expenses | 10,852 | 8,707 | 6,103 |
| Total noninterest expenses | 149,442 | 148,337 | 83,843 |
| Income before income tax expense | 102,637 | 27,806 | 45,033 |
| Income tax expense | 21,782 | 5,756 | 9,370 |
| Net income | $80,855 | $22,050 | $35,663 |
| Per share information: | |||
| Basic earnings per share | $4.21 | $1.49 | $3.45 |
| Diluted earnings per share | 4.18 | 1.48 | 3.42 |
| Dividends paid per share | 1.06 | 0.86 | 0.80 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.