| Income Statement | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Loans | 65,751 | 63,036 | ||
| Investment securities - taxable | 9,367 | 9,406 | ||
| Investment securities - tax-exempt | 881 | 878 | ||
| Short-term investments | 1,123 | 1,513 | ||
| Total interest income | 77,122 | 74,833 | ||
| Deposits | 22,639 | 22,855 | ||
| Securities sold under agreements to repurchase and federal funds purchased | 107 | 106 | ||
| Fhlb advances and other borrowings | 1,791 | 1,030 | ||
| Subordinated notes and trust preferred debt | 1,597 | 1,330 | ||
| Total interest expense | 26,134 | 25,321 | ||
| Net interest income | 50,988 | 49,512 | ||
| Provision for credit losses - loans | 396 | 209 | ||
| Recovery of credit losses - unfunded loan commitments | 0 | -100 | ||
| Net interest income after net recovery of credit losses | 50,592 | 49,403 | ||
| Service charges on deposit accounts | 2,014 | 2,050 | ||
| Interchange income | 1,620 | 1,441 | ||
| Other service charges, commissions and fees | 983 | 580 | ||
| Swap fee income | 816 | 669 | ||
| Trust and investment management income | 3,636 | 3,572 | ||
| Brokerage income | 1,641 | 1,695 | ||
| Mortgage banking activities | 522 | 478 | ||
| Income from life insurance | 1,471 | 1,311 | ||
| Investment securities gains | 50 | 8 | ||
| Other income | 629 | 1,111 | ||
| Total noninterest income | 13,382 | 12,915 | ||
| Salaries and employee benefits | 21,439 | 21,364 | ||
| Occupancy | 1,907 | 1,671 | ||
| Furniture and equipment | 2,168 | 2,540 | ||
| Data processing | 1,116 | 965 | ||
| Automated teller and interchange fees | 892 | 615 | ||
| Advertising and bank promotions | 154 | 1,077 | ||
| Fdic insurance | 652 | 674 | ||
| Professional services | 1,703 | 2,016 | ||
| Directors' compensation | 350 | 293 | ||
| Taxes other than income | 828 | 295 | ||
| Intangible asset amortization | 2,410 | 2,472 | ||
| Merger-related expenses | 0 | 968 | ||
| Restructuring expenses | 0 | 0 | ||
| Other operating expenses | 2,678 | 2,664 | ||
| Total noninterest expenses | 36,297 | 37,614 | ||
| Income (loss) before income tax expense (benefit) | 27,677 | 24,704 | ||
| Income tax expense (benefit) | 5,812 | 5,256 | ||
| Net income (loss) | 21,865 | 19,448 | ||
| Basic earnings (loss) per share (in usd per share) | 1.14 | 1.01 | ||
| Diluted earnings (loss) per share (in usd per share) | 1.13 | 1.01 | ||
| Weighted average shares outstanding - basic (in shares) | 19,224,000 | 19,173,000 | ||
| Weighted average shares outstanding - diluted (in shares) | 19,364,000 | 19,342,000 | ||
ORRSTOWN FINANCIAL SERVICES INC (ORRF)
ORRSTOWN FINANCIAL SERVICES INC (ORRF)