For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Loans | 256,630 | - | ||
| Investment securities - taxable | 37,668 | - | ||
| Investment securities - tax-exempt | 3,515 | - | ||
| Short term investments | 5,921 | - | ||
| Total interest income | 303,734 | - | ||
| Deposits | 92,338 | - | ||
| Securities sold under agreements to repurchase and federal funds purchased | 402 | - | ||
| Fhlb advances and other borrowings | 6,310 | - | ||
| Subordinated notes and trust preferred debt | 4,892 | - | ||
| Total interest expense | 103,942 | - | ||
| Net interest income | 199,792 | - | ||
| Provision for credit losses - loans | 126 | - | ||
| Recovery of credit losses - unfunded loan commitments | -100 | - | ||
| Net interest income after net provision for credit losses | 199,766 | - | ||
| Service charges on deposit accounts | 8,102 | - | ||
| Interchange income | 6,041 | - | ||
| Other service charges, commissions and fees | 3,145 | - | ||
| Swap fee income | 2,991 | - | ||
| Trust and investment management income | 14,975 | - | ||
| Brokerage income | 6,723 | - | ||
| Mortgage banking activities | 1,805 | - | ||
| Income from life insurance | 5,402 | - | ||
| Investment securities gains (losses) | 166 | - | ||
| Other income | 2,963 | - | ||
| Total noninterest income | 52,313 | - | ||
| Salaries and employee benefits | 85,171 | - | ||
| Occupancy | 7,474 | - | ||
| Furniture and equipment | 9,504 | - | ||
| Data processing | 4,297 | - | ||
| Automated teller and interchange fees | 3,194 | - | ||
| Advertising and bank promotions | 2,291 | - | ||
| Fdic insurance | 2,833 | - | ||
| Professional services | 7,492 | - | ||
| Directors' compensation | 1,222 | - | ||
| Taxes other than income | 2,639 | - | ||
| Intangible asset amortization | 9,765 | - | ||
| Merger-related expenses | 2,617 | - | ||
| Provision for legal settlement | 0 | - | ||
| Restructuring expenses | 91 | - | ||
| Other operating expenses | 10,852 | - | ||
| Total noninterest expenses | 149,442 | - | ||
| Income before income tax expense | 102,637 | - | ||
| Total income | - | 15,255 | ||
| Total expenses | - | 10,717 | ||
| Income before income tax benefit and equity in undistributed income of subsidiaries | - | 4,538 | ||
| Income tax expense | 21,782 | -2,198 | ||
| Income before equity in undistributed income of subsidiaries | - | 6,736 | ||
| Equity in undistributed income of subsidiaries | - | 15,314 | ||
| Net income | 80,855 | 22,050 | ||
| Basic EPS | 4.21 | 1.49 | ||
| Diluted EPS | 4.18 | 1.48 | ||
| Basic Average Shares | 19,201,000 | 14,761,000 | ||
| Diluted Average Shares | 19,355,000 | 14,914,000 | ||
ORRSTOWN FINANCIAL SERVICES INC (ORRF)
ORRSTOWN FINANCIAL SERVICES INC (ORRF)