Orrstown Financial Services Inc (ORRF) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments125567230302831
Cash and cash equivalents125567230302831
Disposal group, including discontinued operation      3
Total current assets:125567230302835
Noncurrent Assets
Operating lease, right-of-use asset9 
Property, plant and equipment35383835352425
Intangible assets, net (including goodwill)242717  00
Goodwill192013    
Intangible assets, net (excluding goodwill)574  00
Amortization method qualified affordable housing project investments11222 
Total noncurrent assets:69665637372425
Other undisclosed assets2,5562,2611,8061,4921,3471,2401,131
TOTAL ASSETS:2,7512,3831,9341,5591,4151,2931,190
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt191556494888987
Total current liabilities:191556494888987
Noncurrent Liabilities
Long-term debt and lease obligation5863     
Long-term debt, excluding current maturities5863     
Total noncurrent liabilities:5863     
Other undisclosed liabilities2,4271,9421,6971,3211,1921,071976
Total liabilities:2,5042,1601,7611,4141,2801,1601,063
Stockholders' equity
Stockholders' equity attributable to parent246223173145135133127
Common stock1100000
Treasury stock, value(1)(0)(0)(0)(1)(1)(0)
Additional paid in capital189188152125125124123
Accumulated other comprehensive income (loss)3(0)(3)3(1)12
Retained earnings543524161282
Total stockholders' equity:246223173145135133127
TOTAL LIABILITIES AND EQUITY:2,7512,3831,9341,5591,4151,2931,190

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1101027370605656
Net investment income100926551423938
Financial services revenue19181817
Cost of revenue(5)(1)(1)(4)(3)(2) 
Cost of goods and services sold   (3)(2)(2) 
Provision for loan, lease, and other losses(5)(1)(1)
Financial services costs(1)(0)1 
Gross profit:1041017366575556
Operating expenses(17)(24)(12)(36)(32)(30)(31)
Other operating income, net
(Noninterest Income, Other Operating Income)
001    
Operating income:88776230252524
Nonoperating income2211114
Investment income, nonoperating      2
Bank owned life insurance income2211111
Interest and debt expense(16)(24)(13)(8)(5)(4)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (11)
Income from continuing operations before equity method investments, income taxes:74565024212113
Other undisclosed loss from continuing operations before income taxes(42)(36)(36)(11)(13)(12) 
Income from continuing operations before income taxes:3320141281013
Income tax expense (benefit)(6)(3)(2)(4)(1)(2)16
Net income available to common stockholders, diluted:26171387829

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:26171387829
Other comprehensive income (loss)42(6)4(2)(0)6
Comprehensive income, net of tax, attributable to parent:30197124736

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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