Orange County Bancorp, Inc. /DE/

Listed Company

OBTCIK 0001754226NasdaqEmerging GrowthState Commercial BanksDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$41.61M

Total Assets

$2.66B

Equity

$284.36M

Shares Out

13.37M

Op. Cash Flow

$43.85M

Business

Orange County Bancorp, Inc. is a bank holding company that, through its subsidiaries, provides full-service commercial and consumer banking along with trust and wealth management services. It offers deposit accounts, cash management, commercial and consumer loans (including commercial real estate, construction, commercial and industrial, residential and home equity), private banking, fiduciary and investment advisory services through HVIA. Its principal business segments are Business Banking, Private Banking and Trust & Wealth Management (including HVIA). The company distributes services via a network of branches, a loan production office and digital channels across the Lower Hudson Valley, the New York metropolitan area and nearby Connecticut and New Jersey markets.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	116	106	96	69	58
Taxable	11	12	13	10	5
Tax exempt	2	2	2	2	2
Interest on Federal funds sold and other	6	7	6	3	372,000
TOTAL INTEREST INCOME	135	127	118	84	64
Savings and NOW accounts	21	20	13	4	2
Time deposits	6	7	6	346,000	511,000
FHLB advances	2	7	9	599,000	—
Subordinated notes	2	921,000	922,000	923,000	919,000
TOTAL INTEREST EXPENSE	31	35	29	—	—
NET INTEREST INCOME	104	92	88	78	60
Provision (recovery) for credit losses - investments	—	−2	5	—	—
Provision for credit losses - loans	8	10	3	10	—
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	96	84	81	69	58
Service charges on deposit accounts	1	1	809,000	693,000	638,000
Trust income	7	6	5	5	5
Investment advisory income	8	7	5	5	5
Investment securities gains(losses), net	−568,000	—	107,000	—	—
Earnings on bank owned life insurance	878,000	815,000	984,000	950,000	793,000
Proceeds from bank owned life insurance benefit	4	—	—	—	—
Gain on sale of assets	1	—	—	—	—
Other	3	2	1	1	1
TOTAL NONINTEREST INCOME	23	16	13	12	12
Salaries	28	27	25	22	20
Employee benefits	10	9	7	6	3
Occupancy expense	5	5	5	4	4
Professional fees	6	6	5	4	4
Directors' fees and expenses	1	1	1	—	—
Computer software expense	8	6	5	5	5
FDIC assessment	1	1	1	1	1
Advertising expenses	2	2	2	2	1
Advisor expenses related to trust income	90,000	113,000	120,000	215,000	533,000
Telephone expenses	868,000	746,000	712,000	679,000	556,000
Intangible amortization	286,000	286,000	285,000	286,000	285,000
Other	5	7	4	4	3
TOTAL NONINTEREST EXPENSE	68	65	57	50	43
Income before income taxes	52	35	37	30	27
Provision for income taxes	10	7	8	6	5
NET INCOME	42	28	29	24	21
Basic earnings per share (in dollars per share)	3.33	2.47	2.62	4.33	4.28
Diluted earnings per share (in dollars per share)	3.33	2.47	2.62	4.33	4.28
Weighted average shares outstanding, Basic (in shares)	13	11	11	6	5
Weighted average shares outstanding, Diluted (in shares)	13	11	11	6	5

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	204	150	147	86	306
Investment securities - available-for-sale (amortized cost $472,097, net of allowance for credit losses of $0 at December 31, 2025 and $519,567, net of allowance for credit losses of $0 at December 31, 2024)	419	444	490	533	—
Restricted investment in bank stocks	6	10	15	10	2
Loans	1,950	1,816	1,747	1,569	—
Allowance for credit losses	−28	−26	−25	−22	−18
Loans, net	1,922	1,790	1,722	1,548	—
Premises and equipment, net	15	16	16	15	15
Accrued interest receivable	10	7	6	6	7
Bank owned life insurance	33	42	41	40	40
Goodwill	5	5	5	5	5
Intangible assets	535,000	821,000	1	1	2
Other assets	44	46	42	42	28
TOTAL ASSETS	2,659	2,510	2,485	2,287	2,143
Noninterest bearing	726	651	699	723	702
Interest bearing	1,585	1,502	1,340	1,251	1,213
Total deposits	2,310	2,153	2,039	1,974	1,914
FHLB advances, short term	—	114	225	132	—
FHLB advances, long term	10	10	10	—	—
Subordinated notes, net of issuance costs	25	20	20	19	19
Accrued expenses and other liabilities	30	28	27	24	23
TOTAL LIABILITIES	2,375	2,324	2,320	2,149	1,960
Common stock, $0.25 par value; 30,000,000 shares authorized; 13,376,464 and 11,366,608 issued; 13,368,447 and 11,350,158 outstanding, at December 31, 2025 and December 31, 2024, respectively	3	3	3	3	3
Surplus	165	121	120	120	120
Retained Earnings	164	130	107	2	65
Accumulated other comprehensive income (loss), net of taxes	−48	−68	−64	−68	−3
Treasury stock, at cost; 8,017 and 16,450 shares at December 31, 2025 and December 31, 2024, respectively	−199,000	−375,000	−1	−1	−1
TOTAL STOCKHOLDERS' EQUITY	284	186	165	138	183
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	2,659	2,510	2,485	2,287	2,143

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	42	28	29	24	21
Provision for credit losses	8	8	8	10	—
Depreciation	2	2	2	1	1
Accretion on loans	−3	−2	−3	−4	−6
Amortization of subordinated notes issuance costs	76,000	71,000	73,000	71,000	69,000
Deferred income tax provision (benefit)	240,000	69,000	103,000	−958,000	−403,000
Charges on redemption of subordinated notes	500,000	—	—	—	—
Restricted stock expense	—	5,000	53,000	166,000	475,000
Stock-based compensation	1	2	818,000	503,000	69,000
Net amortization of investment premiums	889,000	1	1	2	2
Accrued interest receivable	−4	−746,000	386,000	323,000	−349,000
Other assets	−1	−3	3	−3	−6
Other liabilities	3	611,000	3	863,000	5
Net cash from operating activities	44	35	45	30	20
Purchases of investment securities available-for-sale	−23	−5	−7	−212	−258
Proceeds from sale of investment securities available-for-sale	14	—	7	—	—
Proceeds from paydowns of investment securities available-for-sale	38	36	38	58	84
Proceeds from maturities and calls of investment securities available-for-sale	17	10	4	9	30
Purchase of restricted investment in bank stocks	−50	−56	−54	−12	−783,000
Proceeds from redemptions of restricted investment in bank stocks	54	60	49	5	—
Net decrease (increase) in loans	−137	−73	−179	−280	−126
Purchases of premises and equipment	−3	−2	−4	−2	−2
Disposal of premises and equipment	—	46,000	435,000	—	—
Proceeds from sale of premises and equipment	3	375,000	435,000	—	—
Proceeds from bank owned life insurance	13	—	—	—	—
Net cash from/(used) by investing activities	−74	−29	−145	−434	−291
Net increase in deposits	157	115	64	60	425
Net change in FHLB advances, short term	−114	−111	93	132	—
Redemption of subordinated notes	−20	—	—	—	—
Issuance of subordinated notes, net of issuance costs	25	—	—	—	—
Capital raise, net of issuance costs	43	—	—	—	35
Cash dividends paid	−7	−5	−5	−5	−4
Purchases of treasury stock	−158,000	−518,000	−447,000	−308,000	−379,000
Net cash from/(used) financing activities	84	−2	162	184	456
Net change in cash and cash equivalents	54	3	61	−220	185
Interest paid	31	37	28	6	4
Income taxes paid	10	10	8	7	4
Lease liabilities arising from obtaining right-of-use assets	2	513,000	1	1	993,000

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro