ORRSTOWN FINANCIAL SERVICES INC
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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.
Mar 31, 2026 · Filed May 8, 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 (Unaudited)
Condensed Consolidated Statements of Income (Unaudited)
| Three Months Ended | ||
|---|---|---|
| (Dollars in thousands, except per share amounts) | March 31, 2026 | March 31, 2025 |
| Interest income | ||
| Loans | $62,995 | $63,432 |
| Investment securities - taxable | 9,851 | 8,944 |
| Investment securities - tax-exempt | 881 | 875 |
| Short-term investments | 637 | 2,268 |
| Total interest income | 74,364 | 75,519 |
| Interest expense | ||
| Deposits | 21,986 | 24,260 |
| Securities sold under agreements to repurchase and federal funds purchased | 97 | 84 |
| FHLB advances and other borrowings | 2,355 | 1,118 |
| Subordinated notes and trust preferred debt | 921 | 1,296 |
| Total interest expense | 25,359 | 26,758 |
| Net interest income | 49,005 | 48,761 |
| Provision for (recovery of) credit losses - loans | 728 | (554) |
| Recovery of credit losses - unfunded loan commitments | (376) | — |
| Net interest income after net provision for (recovery of) credit losses | 48,653 | 49,315 |
| Noninterest income | ||
| Service charges on deposit accounts | 2,250 | 1,911 |
| Interchange income | 1,513 | 1,427 |
| Other service charges, commissions and fees | 621 | 484 |
| Swap fee income | 1,339 | 394 |
| Trust and investment management income | 3,744 | 3,976 |
| Brokerage income | 1,813 | 1,439 |
| Mortgage banking activities | 326 | 302 |
| Income from life insurance | 3,761 | 1,289 |
| Investment securities (losses) gains | (2) | 13 |
| Other income | 212 | 389 |
| Total noninterest income | 15,577 | 11,624 |
| continued | ||
| Three Months Ended | ||
|---|---|---|
| March 31,2026 | March 31,2025 | |
| Noninterest expenses | ||
| Salaries and employee benefits | 21,157 | 20,388 |
| Occupancy | 2,081 | 1,989 |
| Furniture and equipment | 2,140 | 2,686 |
| Data processing | 1,537 | 924 |
| Automated teller and interchange fees | 1,139 | 677 |
| Advertising and bank promotions | 683 | 499 |
| FDIC insurance | 549 | 824 |
| Professional services | 1,221 | 1,826 |
| Directors' compensation | 414 | 211 |
| Taxes other than income | 1,025 | 942 |
| Intangible asset amortization | 2,239 | 2,535 |
| Merger-related expenses | — | 1,649 |
| Restructuring expenses | — | 91 |
| Other operating expenses | 2,543 | 2,935 |
| Total noninterest expenses | 36,728 | 38,176 |
| Income before income tax expense | 27,502 | 22,763 |
| Income tax expense | 5,693 | 4,712 |
| Net income | $21,809 | $18,051 |
| Per share information: | ||
| Basic earnings per share | $1.13 | $0.94 |
| Diluted earnings per share | 1.12 | 0.93 |
| Dividends paid per share | 0.30 | 0.26 |
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