ORRSTOWN FINANCIAL SERVICES INC

Listed Company

ORRFCIK 0000826154NasdaqAcceleratedState Commercial BanksPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$80.86M

Total Assets

$5.54B

Equity

$591.53M

Shares Out

19.62M

Op. Cash Flow

$74.73M

+ 13F Filer

Business

ORRSTOWN FINANCIAL SERVICES INC is a financial holding company that owns and supervises its subsidiary community bank, Orrstown Bank, and provides banking and financial services. It offers lending products (commercial, residential, construction, municipal and consumer loans), deposit accounts, treasury management, fiduciary, investment advisory, insurance and brokerage services. Its key operations comprise the Parent holding company and the Bank, including a retail branch network, mortgage origination and Orrstown Financial Advisors for investment and fiduciary services. The company serves markets in south central Pennsylvania, the greater Baltimore region and nearby Mid‑Atlantic areas through branches, digital channels and commercial teams.

Summary from filing dated 2025-03-31

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
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	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	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 2026-01-14 · 70 positions

Reported AUM

$53.59M

Holdings

Top sector

$53.59M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$53.59M	100.0%

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