O
ORRSTOWN FINANCIAL SERVICES INC
Period
FY 2025
Revenue
—
Net Income
$80.86M
Total Assets
$5.54B
Equity
$591.53M
Shares Out
19.65M
Op. Cash Flow
$74.73M
Business
Orrstown Financial Services, Inc. is a Pennsylvania-based financial holding company and bank holding company that owns Orrstown Bank, a state-chartered commercial bank. The Bank originates commercial, residential, and consumer loans; accepts retail and commercial deposits; and provides fiduciary, investment advisory, insurance, and brokerage services across south central Pennsylvania and Maryland markets. Operating as a single community bank segment, the Company serves borrowers and depositors through a branch network and digital channels, with a recent merger (July 2024) expanding its footprint into York, Pennsylvania.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Loans | 257 | 210 | 127 | 94 | 84 | |
| Investment securities - taxable | 38 | 27 | 18 | 10 | 7 | |
| Investment securities - tax-exempt | 4 | 4 | 3 | 4 | 2 | |
| Short term investments | 6 | 8 | 2 | 774,000 | 353,000 | |
| Total interest income | 304 | 249 | 150 | 109 | 94 | |
| Deposits | 92 | 84 | 38 | 6 | 4 | |
| Securities sold under agreements to repurchase and federal funds purchased | 402,000 | 215,000 | 114,000 | 44,000 | 31,000 | |
| FHLB advances and other borrowings | 6 | 5 | 5 | 630,000 | 482,000 | |
| Subordinated notes and trust preferred debt | 5 | 4 | 2 | 2 | 2 | |
| Total interest expense | 104 | 94 | 45 | 9 | — | |
| Net interest income | 200 | 155 | 105 | 100 | 87 | |
| Provision for credit losses - loans | 126,000 | 17 | 2 | — | — | |
| Recovery of credit losses - unfunded loan commitments | −100,000 | −862,000 | 0 | — | — | |
| Net interest income after net provision for credit losses | 200 | 139 | 103 | 95 | 86 | |
| Service charges on deposit accounts | 8 | 5 | 4 | 4 | 3 | |
| Interchange income | 6 | 5 | 4 | 4 | 4 | |
| Other service charges, commissions and fees | 3 | 2 | 917,000 | 788,000 | 646,000 | |
| Swap fee income | 3 | 2 | 1 | 3 | 293,000 | |
| Trust and investment management income | 15 | 12 | 8 | 8 | 8 | |
| Brokerage income | 7 | 5 | 4 | 4 | 4 | |
| Mortgage banking activities | 2 | 2 | 591,000 | 407,000 | — | |
| Income from life insurance | 5 | 4 | 2 | 2 | 2 | |
| Investment securities gains (losses) | 166,000 | 249,000 | −47,000 | −160,000 | 638,000 | |
| Other income | 3 | 1 | 2 | 2 | 750,000 | |
| Total noninterest income | 52 | 37 | 26 | 27 | 29 | |
| Salaries and employee benefits | 85 | 77 | 51 | 48 | 44 | |
| Occupancy | 7 | 6 | 4 | 5 | 5 | |
| Furniture and equipment | 10 | 9 | 5 | 5 | 5 | |
| Data processing | 4 | 6 | 5 | 5 | 4 | |
| Automated teller and interchange fees | 3 | 2 | 1 | 1 | 1 | |
| Advertising and bank promotions | 2 | 3 | 2 | 2 | 2 | |
| FDIC insurance | 3 | 3 | 2 | 1 | 816,000 | |
| Professional services | 7 | 4 | 3 | 3 | 3 | |
| Directors' compensation | 1 | 783,000 | 915,000 | 938,000 | 865,000 | |
| Taxes other than income | 3 | 734,000 | 1 | 1 | 1 | |
| Intangible asset amortization | 10 | 6 | 953,000 | 1 | 1 | |
| Merger-related expenses | 3 | 23 | 1 | 0 | 0 | |
| Provision for legal settlement | 0 | 478,000 | 0 | 13 | 0 | |
| Restructuring expenses | 91,000 | 296,000 | 0 | 3 | — | |
| Other operating expenses | 11 | 9 | 6 | 6 | 6 | |
| Total noninterest expenses | 149 | 148 | 84 | 96 | 74 | |
| Income before income tax expense | 103 | 28 | 45 | 27 | 41 | |
| Income tax expense | 22 | 6 | 9 | 5 | 8 | |
| Net income | 81 | 22 | 36 | 22 | 33 | |
| Basic earnings per share (in dollars per share) | 4.21 | 1.49 | 3.45 | 2.09 | 3 | |
| Diluted earnings per share (in dollars per share) | 4.18 | 1.48 | 3.42 | 2.06 | 2.96 | |
| Dividends paid per share (in dollars per share) | 1.06 | 0.86 | 0.8 | 0.76 | 0.74 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | 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 | 42 | 51 | 33 | 28 | 21 | |
| Interest-bearing deposits with banks | 108 | 198 | 33 | 32 | 187 | |
| Cash and cash equivalents | 150 | 249 | 65 | 61 | 209 | |
| Restricted investments in bank stocks | 27 | 20 | 12 | 11 | 7 | |
| Securities available-for-sale (amortized cost of $972,138 and $864,920 at December 31, 2025 and 2024, respectively) | 953 | 830 | 514 | 514 | — | |
| Loans held for sale, at fair value | 6 | 7 | 6 | 11 | 9 | |
| Loans | 4,021 | 3,931 | 2,298 | 2,151 | — | |
| Less: Allowance for credit losses | −48 | −49 | −29 | −25 | −21 | |
| Net loans | 3,973 | 3,883 | 2,270 | 2,126 | — | |
| Premises and equipment, net | 51 | 50 | 29 | 29 | 34 | |
| Cash surrender value of life insurance | 147 | 144 | 73 | 72 | 70 | |
| Goodwill | 70 | 68 | 19 | 19 | 19 | |
| Other intangible assets, net | 38 | 48 | 2 | 3 | 4 | |
| Accrued interest receivable | 21 | 21 | 14 | 11 | 8 | |
| Deferred tax assets, net | 34 | 43 | 22 | 24 | 12 | |
| Other assets | 73 | 80 | 39 | 42 | 31 | |
| Total assets | 5,542 | 5,442 | 3,064 | 2,922 | 2,835 | |
| Noninterest-bearing | 871 | 894 | 431 | 494 | 553 | |
| Interest-bearing | 3,658 | 3,729 | 2,128 | 1,951 | 1,912 | |
| Total deposits | 4,529 | 4,623 | 2,559 | 2,476 | 2,465 | |
| Securities sold under agreements to repurchase and federal funds purchased | 25 | 26 | 10 | 17 | — | |
| FHLB advances and other borrowings | 275 | 115 | 138 | 106 | — | |
| Subordinated notes and trust preferred debt | 37 | 69 | 32 | 32 | 32 | |
| Other liabilities | 86 | 92 | 61 | 62 | 41 | |
| Total liabilities | 4,951 | 4,925 | 2,799 | 2,694 | 2,563 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, $1.25 par value per share; 500,000 shares authorized; no shares issued or outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, no par value$0.05205 stated value per share 50,000,000 shares authorized; 19,711,628 shares issued and 19,507,208 outstanding at December 31, 2025; 19,722,640 shares issued and 19,389,967 outstanding at December 31, 2024 | 1 | 1 | 583,000 | 584,000 | 586,000 | |
| Additional paidin capital | 425 | 423 | 189 | 189 | 190 | |
| Retained earnings | 187 | 127 | 118 | 92 | 79 | |
| Accumulated other comprehensive loss | −15 | −26 | −28 | −40 | 4 | |
| Treasury stock 204,420 and 332,673 shares, at cost, at December 31, 2025 and 2024, respectively | −6 | −8 | — | — | — | |
| Total shareholders equity | 592 | 517 | 265 | 229 | 272 | |
| Total liabilities and shareholders equity | 5,542 | 5,442 | 3,064 | 2,922 | 2,835 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | 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 (discount accretion) premium amortization | −23 | −13 | 2 | 2 | −436,000 | |
| Depreciation and amortization expense | 15 | 10 | 4 | 5 | 5 | |
| Share-based compensation | 5 | 9 | 2 | 2 | 2 | |
| Gains on sales of loans originated for sale | −1 | −810,000 | −283,000 | −1 | −5 | |
| Fair value adjustment on loans held for sale | 3,000 | −131,000 | 323,000 | 1 | 255,000 | |
| Mortgage loans originated for sale | −59 | −44 | −18 | −83 | — | |
| Proceeds from sales of loans originated for sale | 60 | 44 | 23 | 77 | 204 | |
| Net gain on disposal of OREO and premises held for sale | −119,000 | 0 | −436,000 | 0 | −327,000 | |
| Net loss on disposal of premises and equipment | 19,000 | 381,000 | 252,000 | 530,000 | 22,000 | |
| Deferred income tax (benefit) | 6 | −867,000 | −651,000 | −591,000 | 942,000 | |
| Net losses (gains) on derivatives | 272,000 | −276,000 | 373,000 | 114,000 | — | |
| Premium on branch sale | 0 | 0 | −1 | 0 | 0 | |
| Decrease (increase) in accrued interest receivable and other assets | 5 | −11 | 2 | −4 | −3 | |
| (Decrease) increase in accrued interest payable and other liabilities | −11 | 4 | −6 | 11 | — | |
| Other, net | 1 | 2 | 635,000 | 2 | 2 | |
| Net cash provided by operating activities | 75 | 35 | 44 | 36 | 41 | |
| Proceeds from sales of AFS securities | 84 | 163 | 22 | 31 | 149 | |
| Maturities, repayments and calls of AFS securities | 85 | 76 | 35 | 50 | 39 | |
| Purchases of AFS securities | −272 | −228 | −46 | −182 | −195 | |
| Net cash and cash equivalents received from acquisitions | 0 | 45 | 0 | 0 | 0 | |
| Net purchases of restricted investments in bank stocks | −6 | −7 | −1 | −3 | 3 | |
| Net (increase) decrease in loans | −70 | 20 | −145 | −173 | 1 | |
| Proceeds from sales of portfolio loans | 0 | 7 | 0 | 4 | 385,000 | |
| Investment in limited partnerships, net | −2 | −8 | −871,000 | 1 | — | |
| Purchases of bank premises and equipment | −4 | −2 | −2 | −895,000 | −1 | |
| Proceeds from disposal of OREO and premises held for sale | 2 | 0 | 3 | 0 | 1 | |
| Proceeds from disposal of bank premises and equipment | 18,000 | 0 | 43,000 | 0 | — | |
| Net cash paid in branch sale | 0 | 0 | −18 | 0 | 0 | |
| Purchases of bank owned life insurance | 0 | −5 | 0 | 0 | 0 | |
| Death benefit proceeds from life insurance contracts | 864,000 | 0 | 342,000 | 142,000 | 0 | |
| Other | −15,000 | −374,000 | −143,000 | 0 | 0 | |
| Net cash (used in) provided by investing activities | −182 | 61 | −153 | −271 | −2 | |
| Net (decrease) increase in deposits | −95 | 117 | 101 | 11 | 108 | |
| Net decrease (increase) in borrowings with original maturities less than 90 days | 38 | −14 | −15 | 99 | 4 | |
| Proceeds from FHLB advances with original maturities greater than 90 days | 135 | 0 | 40 | 0 | 0 | |
| Payments on FHLB advances with original maturities greater than 90 days | −15 | 0 | −1 | −441,000 | −56 | |
| Payments on subordinated notes | −33 | 0 | 0 | — | — | |
| Dividends paid | −21 | −13 | −8 | −8 | −8 | |
| Acquisition of treasury stock | −263,000 | 0 | −3 | −14 | −2 | |
| Shares repurchased as treasury stock for employee taxes associated with restricted stock vesting | −2 | −2 | −378,000 | −285,000 | −514,000 | |
| Proceeds from issuance of employee stock purchase plan shares | 151,000 | 267,000 | 136,000 | 133,000 | — | |
| Other | 571,000 | 545,000 | 0 | 0 | — | |
| Net cash provided by financing activities | 8 | 88 | 114 | 87 | 45 | |
| Net (decrease) increase in cash and cash equivalents | −99 | 184 | 4 | −148 | 83 | |
| Interest | 103 | 93 | 43 | 9 | 7 | |
| Income taxes | 9 | 10 | 7 | 5 | 4 | |
| OREO acquired in settlement of loans | 0 | 0 | 85,000 | 0 | 0 | |
| Premises and equipment transferred to held for sale | 0 | 2 | 0 | 3 | 0 | |
| Lease liabilities arising from obtaining ROU assets | 2 | 0 | 2 | 94,000 | 3 | |
| Assets acquired | 0 | 2,157 | 0 | 0 | — | |
| Liabilities assumed | 0 | 2,018 | 0 | 0 | — |
Filings
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Holdings (13F)
Portfolio as of 2026-03-31 · 123 positions
Reported AUM
$597.42M
Holdings
123
Top sector
$597.42M
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $597.42M | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| iShares Core S&P 500 Index Fund | — | 229.1K | $149.64M | 25.1% |
| Vanguard Core Bond | — | 883.4K | $68.36M | 11.4% |
| JPMorgan Active Value | — | 848.7K | $60.90M | 10.2% |
| Fidelity Enhanced International | — | 1.52M | $56.37M | 9.4% |
| Avantis U.S. Small Cap Value | — | 327.4K | $36.17M | 6.0% |
| JPMorgan Equity Premium Income | — | 433.0K | $24.54M | 4.1% |
| Goldman Sachs Small Cap Equity | — | 439.0K | $23.99M | 4.0% |
| JPMorgan Active Growth | — | 235.0K | $19.86M | 3.3% |
| JPMorgan Hedged Equity Laddered Overlay | — | 147.3K | $9.41M | 1.6% |
| Vanguard Intermediate Term Bond ETF | — | 87.8K | $6.77M | 1.1% |
Frequently asked questions
What is ORRSTOWN FINANCIAL SERVICES INC's CIK number?
ORRSTOWN FINANCIAL SERVICES INC's SEC CIK number is 0000826154 (826154). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ORRSTOWN FINANCIAL SERVICES INC's SEC filings?
All of ORRSTOWN FINANCIAL SERVICES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ORRSTOWN FINANCIAL SERVICES INC last report earnings?
ORRSTOWN FINANCIAL SERVICES INC (ORRF) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-026395). This is ORRSTOWN FINANCIAL SERVICES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is ORRSTOWN FINANCIAL SERVICES INC's most recent earnings 8-K?
ORRSTOWN FINANCIAL SERVICES INC's latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001628280-26-026395. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ORRSTOWN FINANCIAL SERVICES INC's latest earnings 8-K →
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