Orange County Bancorp, Inc. (OBT) Financial Statements (2024 and earlier)

Company Profile

Business Address 212 DOLSON AVENUE
MIDDLETOWN, NY 10940
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments86,081306,179
Cash and cash equivalents86,081306,179
Total current assets:86,081306,179
Noncurrent Assets
Operating lease, right-of-use asset 4,0293,038
Property, plant and equipment14,73914,601
Intangible assets, net (including goodwill)6,7517,037
Goodwill5,3595,359
Intangible assets, net (excluding goodwill)1,3921,678
Total noncurrent assets:25,51924,676
Other undisclosed assets2,175,7341,811,728
TOTAL ASSETS:2,287,3342,142,583
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  
Total current liabilities:  
Noncurrent Liabilities
Long-term debt and lease obligation  
Long-term debt, excluding current maturities  
Total noncurrent liabilities:  
Other undisclosed liabilities2,149,1961,959,747
Total liabilities:2,149,1961,959,747
Equity
Equity, attributable to parent138,138182,836
Common stock2,8422,842
Treasury stock, value(1,250)(1,329)
Additional paid in capital120,107119,825
Accumulated other comprehensive loss(68,196)(3,443)
Retained earnings84,63564,941
Total equity:138,138182,836
TOTAL LIABILITIES AND EQUITY:2,287,3342,142,583

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues84,22364,429
Net investment income84,22364,429
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(9,517)(2,428)
Gross profit:74,70662,001
Operating expenses(15,902)(14,936)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,0521,030
Operating income:59,85648,095
Nonoperating income
(Bank Owned Life Insurance Income)
950793
Interest and debt expense(6,135)(3,968)
Income from continuing operations before equity method investments, income taxes:54,67144,920
Other undisclosed loss from continuing operations before income taxes(24,394)(18,243)
Income from continuing operations before income taxes:30,27726,677
Income tax expense(5,914)(5,390)
Income from continuing operations:24,36321,287
Income before gain (loss) on sale of properties:21,287
Net income available to common stockholders, diluted:24,36321,287

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income:24,36321,287
Other comprehensive loss(64,753)(5,262)
Comprehensive income (loss), net of tax, attributable to parent:(40,390)16,025

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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