Orrstown Financial Services Inc (ORRF) financial statements (2022 and earlier)

Company profile

Business Address 77 E KING STREET
SHIPPENSBURG, PA 17257
State of Incorp. PA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2093113373261258752
Cash and cash equivalents2093113373261258752
Total current assets:2093113373261258752
Noncurrent Assets
Operating lease, right-of-use asset1191010999
Property, plant and equipment34343535353537
Intangible assets, net (including goodwill)23232424242525
Goodwill19191919191919
Intangible assets, net (excluding goodwill)4455566
Amortization method qualified affordable housing project investments1   1  
Total noncurrent assets:68676868696971
Other undisclosed assets2,5572,4922,5082,5692,5562,6252,650
TOTAL ASSETS:2,8352,8702,9132,9642,7512,7822,773
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt23282323191724
Total current liabilities:23282323191724
Noncurrent Liabilities
Long-term debt and lease obligation2 585858183203
Long-term debt, excluding current maturities2 585858183203
Total noncurrent liabilities:2 585858183203
Other undisclosed liabilities2,5382,5742,5662,6282,4272,3482,321
Total liabilities:2,5632,6022,6472,7092,5042,5492,547
Stockholders' equity
Stockholders' equity attributable to parent272269266254246233226
Common stock1111111
Treasury stock, value(2)(1)(0)(0)(1)(1)(1)
Additional paid in capital190189189189189189188
Accumulated other comprehensive income (loss)46833(1)(5)
Retained earnings79746962544643
Total stockholders' equity:272269266254246233226
TOTAL LIABILITIES AND EQUITY:2,8352,8702,9132,9642,7512,7822,773

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues27252727292727
Net investment income 222424 2425
Cost of revenue(1)(0)(1) (0)(2)(2)
Provision for loan, lease, and other losses (0)(1) (0)(2)(2)
Gross profit:26252627292425
Operating expenses(5)(4)(4)(4)(6)(4)(4)
Other undisclosed operating income0   0  
Operating income:21212223232121
Nonoperating income
(Bank Owned Life Insurance Income)
1111111
Interest and debt expense(1)(2)(2)(2)(3)(3)(4)
Income from continuing operations before equity method investments, income taxes:21202121211818
Other undisclosed loss from continuing operations before income taxes(12)(11)(10)(9)(9)(12)(10)
Income from continuing operations before income taxes:9911131368
Income tax expense(2)(2)(2)(2)(2)(1)(1)
Net income available to common stockholders, diluted:779101056

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:779101056
Other comprehensive income (loss)(1)(2)4(0)5410
Comprehensive income, net of tax, attributable to parent:55131015916

Statements sources

The financial statements are based on the company's filings with the 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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