Orrstown Financial Services Inc (ORRF) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments567230302831 
Cash and cash equivalents567230302831 
Disposal group, including discontinued operation     3 
Total current assets:567230302835 
Noncurrent Assets
Property, plant and equipment38383535242526
Intangible assets, net (including goodwill)2717  001
Goodwill2013     
Intangible assets, net (excluding goodwill)74  001
Amortization method qualified affordable housing project investments1222 
Total noncurrent assets:66563737242527
Other undisclosed assets2,2611,8061,4921,3471,2401,1311,151
TOTAL ASSETS:2,3831,9341,5591,4151,2931,1901,178
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt155649488898759
Total current liabilities:155649488898759
Noncurrent Liabilities
Long-term debt and lease obligation63      
Long-term debt, excluding current maturities63      
Total noncurrent liabilities:63      
Other undisclosed liabilities1,9421,6971,3211,1921,0719761,027
Total liabilities:2,1601,7611,4141,2801,1601,0631,086
Stockholders' equity
Stockholders' equity attributable to parent22317314513513312791
Common stock1000000
Treasury stock, value(0)(0)(0)(1)(1)(0)(0)
Additional paid in capital188152125125124123123
Accumulated other comprehensive income (loss)(0)(3)3(1)12(5)
Retained earnings (accumulated deficit)3524161282(27)
Total stockholders' equity:22317314513513312791
TOTAL LIABILITIES AND EQUITY:2,3831,9341,5591,4151,2931,1901,178

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1027370605656 
Net investment income926551423938 
Financial services revenue19181817 
Cost of revenue(1)(1)(4)(3)(2)  
Cost of goods and services sold  (3)(2)(2)  
Provision for loan, lease, and other losses(1)(1)
Financial services costs(1)(0)1  
Gross profit:1017366575556 
Operating expenses(24)(12)(36)(32)(30)(31)(29)
Other operating income, net
(Noninterest Income, Other Operating Income)
01     
Operating income (loss):776230252524(27)
Nonoperating income2111141
Investment income, nonoperating     2 
Gains (losses) on sales of other real estate     0(0)
Bank owned life insurance income2111111
Interest and debt expense(24)(13)(8)(5)(4)(4)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (11)41
Income from continuing operations before equity method investments, income taxes:56502421211310
Other undisclosed loss from continuing operations before income taxes(36)(36)(11)(13)(12)  
Income from continuing operations before income taxes:2014128101310
Income tax expense (benefit)(3)(2)(4)(1)(2)160
Net income available to common stockholders, diluted:17138782910

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:17138782910
Other comprehensive income (loss)2(6)4(2)(0)6(7)
Comprehensive income, net of tax, attributable to parent:1971247363

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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