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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2091255672303028
Cash and cash equivalents2091255672303028
Total current assets:2091255672303028
Noncurrent Assets
Operating lease, right-of-use asset119 
Property, plant and equipment34353838353524
Intangible assets, net (including goodwill)23242717  0
Goodwill19192013   
Intangible assets, net (excluding goodwill)4574  0
Amortization method qualified affordable housing project investments111222 
Total noncurrent assets:68696656373724
Other undisclosed assets2,5572,5562,2611,8061,4921,3471,240
TOTAL ASSETS:2,8352,7512,3831,9341,5591,4151,293
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt231915564948889
Total current liabilities:231915564948889
Noncurrent Liabilities
Long-term debt and lease obligation25863    
Long-term debt, excluding current maturities25863    
Total noncurrent liabilities:25863    
Other undisclosed liabilities2,5382,4271,9421,6971,3211,1921,071
Total liabilities:2,5632,5042,1601,7611,4141,2801,160
Stockholders' equity
Stockholders' equity attributable to parent272246223173145135133
Common stock1110000
Treasury stock, value(2)(1)(0)(0)(0)(1)(1)
Additional paid in capital190189188152125125124
Accumulated other comprehensive income (loss)43(0)(3)3(1)1
Retained earnings7954352416128
Total stockholders' equity:272246223173145135133
TOTAL LIABILITIES AND EQUITY:2,8352,7512,3831,9341,5591,4151,293

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues10611010273706056
Net investment income931009265514239
Financial services revenue191818
Cost of revenue(1)(5)(1)(1)(4)(3)(2)
Cost of goods and services sold    (3)(2)(2)
Provision for loan, lease, and other losses(1)(5)(1)(1)
Financial services costs(1)(0)1
Gross profit:10410410173665755
Operating expenses(16)(17)(24)(12)(36)(32)(30)
Other operating income, net
(Noninterest Income, Other Operating Income)
0001   
Operating income:89887762302525
Nonoperating income
(Bank Owned Life Insurance Income)
2221111
Interest and debt expense(7)(16)(24)(13)(8)(5)(4)
Income from continuing operations before equity method investments, income taxes:84745650242121
Other undisclosed loss from continuing operations before income taxes(43)(42)(36)(36)(11)(13)(12)
Income from continuing operations before income taxes:4133201412810
Income tax expense(8)(6)(3)(2)(4)(1)(2)
Net income available to common stockholders, diluted:33261713878

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:33261713878
Other comprehensive income (loss)142(6)4(2)(0)
Comprehensive income, net of tax, attributable to parent:34301971247

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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