Orrstown Financial Services, Inc
(NASDAQ:ORRF)

Orrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits. It also offers commercial loans, s...

Website: http://www.orrstown.com

Full Time Employees: 439

Sector: Financial Services

Industry: Banks-Regional

Financial Services Regional Bank

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Quarterly

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Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-09-30	2009-06-30

interest income
loans	62,995,000	64,411,000	65,751,000	63,036,000	63,432,000	67,870,000	70,647,000	35,537,000	36,233,000	33,910,000	32,738,000	31,203,000	28,744,000	26,980,000	23,152,000	22,027,000	21,369,000	21,503,000	19,890,000	21,323,000	21,511,000		21,794,000	20,166,000	20,460,000	19,999,000	19,553,000	15,059,000
investment securities - taxable	9,851,000	9,951,000	9,367,000	9,406,000	8,944,000	8,773,000	9,005,000	4,999,000	4,584,000	4,787,000	4,459,000	4,415,000	4,370,000	3,775,000	2,907,000	1,957,000	1,598,000	1,615,000	1,514,000	1,614,000	1,879,000		2,795,000	3,438,000	3,572,000	3,787,000	3,679,000	3,492,000
investment securities - tax-exempt	881,000	881,000	881,000	878,000	875,000	880,000	883,000	881,000	877,000	871,000	861,000	865,000	865,000	1,102,000	1,160,000	1,131,000	722,000	703,000	652,000	638,000	500,000		420,000	284,000	271,000	309,000	632,000	842,000
short-term investments	637,000	1,226,000	1,123,000	1,513,000	2,268,000	1,318,000	2,452,000	1,864,000	956,000	337,250	633,000	418,000	298,000	134,000	200,000	235,000	101,000	63,750	135,000	81,000	39,000		13,000	79,000	309,250	561,000	503,000	173,000	42,250	68,000	46,000	55,000	35,500	78,000	46,000	18,000	46,500	42,000	79,000	65,000	16,000	21,000	17,000	26,000	6,000	9,000	7,000	8,000		50,000	61,000	53,500	71,000	82,000	61,000
total interest income	74,364,000	76,260,000	77,122,000	74,833,000	75,519,000	80,015,000	82,987,000	43,281,000	42,650,000	40,028,000	38,691,000	36,901,000	34,277,000	32,095,000	27,419,000	25,350,000	23,790,000	23,919,000	22,191,000	23,656,000	23,929,000		25,022,000	23,967,000	24,405,000	24,656,000	24,367,000	19,566,000																															10,774,750	14,780,000	14,536,000	13,783,000	13,538,000	13,142,000
interest expense
deposits	21,986,000	22,584,000	22,639,000	22,855,000	24,260,000	26,850,000	28,603,000	15,265,000	13,516,000	12,118,000	10,582,000	8,608,000	6,202,000	3,579,000	1,372,000	701,000	685,000	789,000	937,000	1,081,000	1,392,000		3,310,000	4,354,000	4,972,000	5,774,000	4,870,000	3,694,000
securities sold under agreements to repurchase and federal funds purchased	97,000	105,000	107,000	106,000	84,000	67,000	96,000	27,000	25,000	30,000	31,000	28,000	25,000
fhlb advances and other borrowings	2,355,000	2,371,000	1,791,000	1,030,000	1,118,000	1,165,000	1,154,000	1,152,000	1,474,000	1,358,000	1,354,000	1,386,000	1,252,000	509,000	78,000	21,000	22,000	114,500	123,000
subordinated notes and trust preferred debt	921,000	669,000	1,597,000	1,330,000	1,296,000	1,360,000	1,437,000
total interest expense	25,359,000	25,729,000	26,134,000	25,321,000	26,758,000	29,442,000	31,290,000	17,178,000	15,769,000	14,010,000	12,472,000	10,526,000	7,983,000	4,611,000	1,964,000	1,232,000	1,217,000	1,321,000	1,571,000	1,755,000	2,074,000		4,224,000	5,705,000	6,151,000	6,736,000	5,935,000	4,877,000	4,383,000	3,522,000	2,971,000	2,591,000	2,284,000	2,017,000	1,750,000	1,593,000	1,365,000	1,420,000	1,321,000	1,311,000	1,246,000	1,172,000	970,000	913,000	959,000	1,030,000	1,085,000	1,085,000		1,288,000	1,377,000	1,516,000	1,702,000	2,083,000	2,247,000	2,424,000	2,666,000	2,937,000	3,054,000	3,112,000	3,236,000	3,286,000	4,059,000	4,330,000
net interest income	49,005,000	50,531,000	50,988,000	49,512,000	48,761,000	50,573,000	51,697,000	26,103,000	26,881,000	26,018,000	26,219,000	26,375,000	26,294,000	27,484,000	25,455,000	24,118,000	22,573,000	22,598,000	20,620,000	21,901,000	21,855,000		20,798,000	18,262,000	18,254,000	17,920,000	18,432,000	14,689,000	14,629,000	12,704,000	12,353,000	11,684,000	11,335,000	11,081,000	10,718,000	10,237,000	9,710,000	9,234,000	8,951,000	8,650,000	8,708,000	8,713,000	8,598,000	8,315,000	8,561,000	8,447,000	8,500,000	8,516,000		7,701,000	8,107,000	8,471,000	9,029,000	9,546,000	10,842,000	11,584,000	12,825,000	12,388,000	12,270,000	11,668,000	11,300,000	10,497,000	9,479,000	8,812,000
provision for (recovery of) credit losses - loans	728,000			209,000
recovery of credit losses - unfunded loan commitments	-376,000			-100,000
net interest income after net provision for (recovery of) credit losses	48,653,000
noninterest income
service charges on deposit accounts	2,250,000	2,127,000	2,014,000	2,050,000	1,911,000	1,503,000	1,801,000	1,018,000	1,005,000	983,000	1,020,000	984,000	962,000	965,000	977,000	964,000	920,000	816,000	796,000	698,000	737,000		554,000	847,000	-1,526,000	1,761,000	1,680,000	1,489,000	1,649,000	1,524,000	1,463,000	1,418,000	1,451,000	1,437,000	1,429,000	1,358,000	1,400,000	1,370,000	1,372,000	1,303,000	1,353,000	1,381,000	1,299,000	1,193,000	1,359,000	1,375,000	1,412,000	1,269,000		1,445,000	1,414,000	1,601,000	1,564,000	1,543,000	1,519,000	1,607,000	1,674,000	1,485,000
interchange income	1,513,000	1,553,000	1,620,000	1,441,000	1,427,000	1,608,000	1,779,000	961,000	911,000	952,000	963,000	993,000	965,000	996,000	1,014,000	1,064,000	981,000	1,080,000	1,030,000	1,064,000	955,000		819,000	788,000
other service charges, commissions and fees	621,000	1,098,000	983,000	580,000	484,000	547,000	559,000	265,000	195,000	215,000	240,000	267,000	195,000							182,000	148,000		165,000	140,000	-154,000	372,000	346,000	241,000	307,000	492,000	689,000	249,000	311,000	205,000	283,000	209,000	357,000	188,000	289,000	160,000	199,000	586,000	265,000	173,000	328,000	270,000	247,000	188,000		278,000	228,000	309,000	368,000	284,000	314,000	293,000	323,000	370,000
swap fee income	1,339,000	1,112,000	816,000	669,000	394,000	597,000	505,000	375,000	199,000	588,000	255,000	196,000		697,000	197,000	785,000	953,000	158,000	67,000	15,000	53,000
trust and investment management income	3,744,000	3,791,000	3,636,000	3,572,000	3,976,000	3,585,000	3,760,000	2,132,000	2,024,000	2,023,000	1,853,000	1,927,000	1,888,000	1,779,000	2,006,000	1,905,000	1,941,000	2,034,000	1,930,000	2,020,000	1,912,000		1,696,000	1,640,000	1,856,000	1,892,000	1,749,000	1,758,000	1,539,000	1,668,000	1,701,000	1,668,000	1,780,000	1,551,000	1,623,000	1,446,000
brokerage income	1,813,000	1,948,000	1,641,000	1,695,000	1,439,000	1,317,000	1,277,000	1,180,000	1,078,000	922,000	973,000	895,000	859,000	756,000	947,000	989,000	928,000	863,000	987,000	910,000	811,000		599,000	719,000	622,000	654,000	672,000	478,000	521,000	455,000	501,000	558,000	487,000	424,000	518,000	467,000	448,000	459,000	577,000	449,000	489,000	551,000	548,000	437,000	558,000	575,000	569,000	448,000		439,000	637,000	330,000	364,000	421,000	362,000	313,000	372,000	404,000	218,000	394,000	440,000	403,000	322,000	350,000
mortgage banking activities	326,000	503,000	522,000	478,000	302,000	517,000	491,000	369,000	458,000	143,000	-142,000	112,000	478,000	202,000	-1,014,000	498,000	721,000	1,225,000	1,333,000	1,162,000	2,189,000		1,609,000	332,000	1,306,000	623,000	652,000	468,000	614,000	735,000	679,000	635,000	806,000	797,000	813,000	503,000	1,031,000	1,012,000	727,000	642,000	597,000	837,000	793,000	520,000	573,000	613,000	562,000	459,000		1,105,000	752,000	1,250,000	931,000	727,000	492,000			696,000
income from life insurance	3,761,000	1,331,000	1,471,000	1,311,000	1,289,000	1,297,000	1,289,000	646,000	634,000	627,000	620,000	645,000	590,000	597,000	583,000	593,000	566,000	583,000	569,000	564,000	557,000		532,000	540,000	539,000	479,000	684,000	342,000	362,000	533,000
investment securities gains	-2,000	95,000	50,000	8,000	13,000	-5,000	271,000							3,000	-14,000	-3,000	-146,000	3,000	479,000	11,000	145,000		9,000	-40,000	18,000	2,328,000	2,064,000	339,000	115,000	29,000	46,000	816,000		533,000	654,000	3,000				1,420,000	13,000	29,000	353,000	1,529,000	267,000	469,000	602,000	597,000			122,000		-2,000	2,595,000	2,231,000	3,025,000	2,351,000	379,000
other income	212,000	834,000	629,000	1,111,000	389,000	281,000	654,000	238,000	131,000	77,000	141,000	1,141,000	149,000	65,000	1,123,000	169,000	457,000	387,000	263,000	38,000	37,000		53,000	30,000	143,000	44,000	32,000	112,000	48,000	56,000	135,000	81,000	43,000	34,000	32,000	81,000	124,000	20,000	114,000	87,000	72,000	104,000	194,000	40,000	113,000	40,000	289,000	35,000		5,000	-87,000	178,000	159,000	91,000	-108,000		692,000	145,000	-800,000	314,000	1,301,000	406,000	331,000	190,000
total noninterest income	15,577,000	14,392,000	13,382,000	12,915,000	11,624,000	11,247,000	12,386,000	7,172,000	6,630,000	6,491,000	5,925,000	7,158,000	6,078,000	6,226,000	6,058,000	7,194,000	7,474,000	7,293,000	7,651,000	6,664,000	7,544,000		7,193,000	7,074,000	6,653,000	8,782,000	7,879,000	5,227,000	5,155,000	5,492,000	5,505,000	5,702,000	5,173,000	5,256,000	5,623,000	4,335,000	4,969,000	4,568,000	4,537,000	5,665,000	4,096,000	4,831,000	4,883,000	5,368,000	4,526,000	4,752,000	5,138,000	4,438,000		4,664,000	4,432,000	5,164,000	4,880,000	7,027,000
continued
noninterest expenses
salaries and employee benefits	21,157,000	21,980,000	21,439,000	21,364,000	20,388,000	22,444,000	27,190,000	13,195,000	13,752,000	12,848,000	12,885,000	13,054,000	12,196,000	12,650,000	12,705,000	11,312,000	11,337,000	12,095,000	11,498,000	10,212,000	10,197,000		10,063,000	11,594,000	11,407,000	10,489,000	8,922,000	8,677,000	9,037,000	7,610,000	7,855,000	8,022,000	7,779,000	7,544,000	7,422,000	7,400,000	7,052,000	6,823,000	6,312,000	6,183,000	5,947,000	6,051,000	6,158,000	5,900,000	6,065,000	5,902,000	5,879,000	5,812,000		5,387,000	5,746,000	5,356,000	4,874,000	4,977,000	4,657,000	3,808,000	4,690,000	4,832,000	4,276,000	5,296,000	4,716,000	4,832,000	4,293,000	4,268,000
occupancy	2,081,000	1,907,000	1,907,000	1,671,000	1,989,000	1,781,000	1,818,000	1,178,000	1,201,000	1,093,000	1,089,000	1,054,000	1,106,000	1,143,000	1,166,000	1,132,000	1,288,000	1,239,000	1,154,000	1,098,000	1,240,000		1,122,000	1,127,000	1,125,000	1,133,000	1,066,000	1,001,000	832,000	775,000	679,000	798,000
furniture and equipment	2,140,000	2,110,000	2,168,000	2,540,000	2,686,000	3,112,000	2,515,000	1,527,000	1,438,000	1,441,000	1,371,000	1,212,000	1,227,000	1,299,000	1,214,000	1,291,000	1,279,000	1,315,000	1,220,000	1,302,000	1,278,000		1,204,000	1,162,000	1,308,000	1,252,000	1,140,000	1,023,000	1,102,000	990,000	1,068,000	919,000	935,000	937,000	826,000	736,000	1,019,000	782,000	748,000	786,000	796,000	759,000	763,000	743,000	791,000	865,000	836,000	836,000		851,000	777,000	754,000	754,000	727,000	678,000	660,000	672,000	681,000
data processing	1,537,000	1,292,000	1,116,000	965,000	924,000	1,540,000	2,046,000	1,237,000	1,265,000	1,247,000	1,248,000	1,201,000	1,217,000	1,150,000	1,192,000	1,165,000	1,053,000	1,020,000	990,000	1,032,000	1,019,000		791,000	871,000	941,000	830,000	1,058,000	770,000	799,000	661,000	595,000	619,000	569,000	527,000	664,000	511,000	692,000	532,000	519,000	635,000	588,000	491,000	480,000	467,000	470,000	460,000	368,000	381,000		135,000	128,000	140,000	171,000	134,000	128,000	125,000	375,000	312,000	356,000	319,000	309,000	294,000	291,000	283,000
automated teller and interchange fees	1,139,000	1,010,000	892,000	615,000	677,000	805,000	784,000	341,000	351,000	332,000	314,000	308,000	298,000	335,000	329,000	318,000	305,000	340,000	294,000	319,000	249,000		249,000	251,000	271,000	270,000	238,000	236,000	258,000	187,000	190,000	171,000	199,000	196,000	194,000	178,000	193,000	157,000	237,000	161,000	173,000	204,000	215,000	206,000	205,000	254,000	226,000
advertising and bank promotions	683,000	561,000	154,000	1,077,000	499,000	878,000	537,000	774,000	398,000	501,000	332,000	919,000	405,000	750,000	278,000	881,000	355,000	744,000	735,000	274,000	425,000		167,000	789,000	619,000	279,000	548,000	521,000	694,000	279,000	237,000	382,000	497,000	325,000	391,000	387,000	473,000	433,000	355,000	456,000	524,000	471,000	324,000	245,000	348,000	204,000	218,000	425,000		274,000	211,000	296,000	434,000	308,000	372,000	416,000	276,000	258,000
fdic insurance	549,000	683,000	652,000	674,000	824,000	955,000	862,000	419,000	441,000	460,000	477,000	519,000	504,000	316,000	294,000	190,000	283,000	246,000	218,000	158,000	194,000		214,000	47,000	-30,000	-9,000	221,000	185,000	174,000	169,000	172,000	166,000	152,000	139,000	178,000	137,000	177,000	143,000	223,000	232,000	228,000	201,000	184,000	246,000	395,000	403,000	359,000	464,000		626,000	665,000	708,000	788,000	710,000	521,000	415,000	690,000	550,000
professional services	1,221,000	1,947,000	1,703,000	2,016,000	1,826,000	1,591,000	1,119,000	801,000	631,000	702,000	965,000	504,000	734,000	837,000	887,000	722,000	808,000	465,500	562,000	579,000																							820,000	512,000	456,000	653,000	548,000	628,000		577,000	761,000	795,000	729,000	751,000	801,000	1,538,000	1,125,000	322,000
directors' compensation	414,000	368,000	350,000	293,000	211,000	137,000	123,000	272,000	251,000	248,000	199,000	221,000	247,000	264,000	213,000	230,000	231,000	241,000	155,000	235,000	234,000		264,000	201,000	278,000	228,000	261,000	236,000	321,000	207,000	205,000	251,000	251,000	254,000	249,000	242,000
taxes other than income	1,025,000	574,000	828,000	295,000	942,000	-312,000	503,000	49,000	494,000	203,000	387,000	3,000	457,000	231,000	488,000	108,000	564,000	392,000	16,000	462,000	451,000		449,000		92,000	306,000	314,000	306,000	251,000	259,000	251,000	251,000	207,000	211,000	220,000	228,000	173,000	186,000	253,000	155,000	225,000	239,000	226,000	226,000	119,000	129,000	156,000			244,000	244,000	193,000	231,000	230,000	235,000	205,000	226,000	205,000
intangible asset amortization	2,239,000	2,348,000	2,410,000	2,472,000	2,535,000	2,838,000	2,464,000	215,000	225,000	236,000	228,000	239,000	250,000	260,000	272,000	281,000	292,000	303,000	314,000	324,000	334,000		404,000	463,000	474,000	486,000	402,000	208,000									21,250	10,000	24,000	51,000	51,000	51,000	54,000	51,000	51,000	52,000	53,000	52,000		53,000	52,000	39,250	52,000	52,000	52,000	39,250	52,000	52,000
merger-related expenses		654,250		968,000	1,649,000	4,696,000	16,977,000	1,135,000	672,000
restructuring expenses		22,750			91,000	64,250	257,000								3,155,000
other operating expenses	2,543,000	2,069,250	2,678,000	2,664,000	2,935,000	1,487,500	3,104,000	1,496,000	1,350,000	2,022,000	952,000	1,515,000	1,614,000	2,001,000	1,219,000	1,164,000	1,569,000	1,662,000	1,879,000	1,038,000	1,441,000		2,483,000	1,569,000	1,944,000	1,392,000	1,363,000	988,000	1,406,000	1,046,000	1,068,000	843,000	768,000	1,052,000	899,000	845,000	1,083,000	1,070,000	1,124,000	914,000	461,000	1,139,000	1,551,000	1,165,000	1,439,000	1,025,000	1,404,000	1,219,000		1,393,000	1,483,000	1,157,000	1,649,000	1,470,000	1,673,000
total noninterest expenses	36,728,000	28,021,750	36,297,000	37,614,000	38,176,000	26,351,750	60,299,000	22,639,000	22,469,000	22,392,000	20,447,000	20,749,000	20,255,000	21,236,000	36,412,000	18,794,000	19,364,000	20,290,000	19,035,000	17,033,000	17,783,000		18,431,000	18,304,000	19,645,000	18,161,000	23,314,000	16,182,000	18,302,000	13,336,000	13,272,000	13,069,000	12,680,000	13,087,000	12,417,000	12,146,000	12,476,000	11,985,000	12,558,000	11,121,000	11,219,000	11,224,000	11,658,000	10,506,000	11,129,000	10,898,000	10,765,000	10,976,000		10,327,000	10,949,000	10,600,000	11,133,000	10,733,000
income before income tax expense	27,502,000	18,786,000	27,677,000	24,704,000								12,385,000	11,388,000	11,889,000	-6,399,000	10,743,000	10,383,000	8,501,000	8,871,000	10,907,000	12,616,000		7,660,000	6,107,000	5,262,000	8,241,000	2,797,000	3,334,000	1,282,000	4,660,000	4,386,000	4,117,000	3,028,000	3,150,000	3,824,000	2,426,000
income tax expense	5,693,000	3,945,000	5,812,000	5,256,000								2,547,000	2,232,000	2,263,000	-1,571,000	1,872,000	2,015,000	1,795,000	1,679,000	2,131,000	2,409,000		1,301,000	1,039,000	1,028,000	1,340,000	110,000	232,000	130,000	644,000	374,000	492,000	3,022,000	376,000	516,000	424,000	275,000	125,000	252,000	614,000	136,000	462,000	321,000	715,000	-16,156,000	24,000				30,000	30,000	1,005,000	19,028,000	-7,246,000	-4,832,000	-8,291,000	-1,265,000	1,003,000	1,606,000	2,146,000	1,360,000	1,358,000	1,227,000	1,064,000
net income	21,809,000	14,841,000	21,865,000	19,448,000								9,838,000	9,156,000	9,626,000	-4,828,000	8,871,000	8,368,000	6,706,000	7,192,000	8,776,000	10,207,000		6,359,000	5,068,000	4,234,000	6,901,000	2,687,000	3,102,000	1,152,000	4,016,000	4,012,000	3,625,000	6,000	2,774,000	3,308,000	2,002,000	1,928,000	1,442,000	678,000	2,580,000	1,449,000	2,461,000	1,502,000	2,462,000	19,114,000	5,177,000	2,873,000	1,978,000		3,408,000	1,560,000	1,030,000	-21,352,000	-9,914,000	-8,218,000	-29,482,000	4,314,000	3,827,000	4,375,000	4,896,000	3,904,000	3,406,000	3,880,000	3,454,000
yoy												10.90%	9.42%	43.54%	-167.13%	1.08%	-18.02%		13.10%	73.16%	141.07%		136.66%	63.38%	267.53%	71.84%	-33.03%	-14.43%	19100.00%	44.77%	21.28%	81.07%	-99.69%	92.37%	387.91%	-22.40%	33.06%	-41.41%	-54.86%	4.79%	-92.42%	-52.46%	-47.72%	24.47%		51.91%	84.17%	92.04%		-134.38%	-118.98%	-103.49%	-594.95%	-359.05%	-287.84%	-702.17%	10.50%	12.36%	12.76%	41.75%
qoq	46.95%	-32.12%	12.43%									7.45%	-4.88%	-299.38%	-154.42%	6.01%	24.78%	-6.76%	-18.05%	-14.02%			25.47%	19.70%	-38.65%	156.83%	-13.38%	169.27%	-71.31%	0.10%	10.68%	60316.67%	-99.78%	-16.14%	65.23%	3.84%	33.70%	112.68%	-73.72%	78.05%	-41.12%	63.85%	-38.99%	-87.12%	269.21%	80.19%	45.25%			118.46%	51.46%	-104.82%	115.37%	20.64%	-72.13%	-783.40%	12.73%	-12.53%	-10.64%	25.41%	14.62%	-12.22%	12.33%
per share information:
basic earnings per share	1.13	0.773	1.14	1.01																0.8	0.93		0.58	0.46	0.38	0.63	0.26	0.34	0.09	0.5	0.5	0.45		0.34	0.41	0.25	0.24	0.18	0.08	0.32	0.18	0.3	0.19	0.3	2.35	0.64	0.35	0.24		0.42	0.19	0.13	-2.65	-1.23	-1.02	-3.67	0.54	0.48	0.56	0.61	0.49	0.52	0.61	0.54
diluted earnings per share	1.12	0.768	1.13	1.01																0.79	0.92		0.58	0.46	0.38	0.62	0.26	0.33	0.09	0.49	0.48	0.44		0.34	0.4	0.24	0.23	0.18	0.08	0.32	0.18	0.3	0.18	0.3	2.35	0.64	0.35	0.24		0.42	0.19	0.13	-2.65	-1.23	-1.02	-3.67	0.54	0.48	0.55	0.61	0.47	0.5	0.58	0.51
dividends paid per share	0.3	0.198	0.27	0.26																0.18	0.18		0.17	0.17				0.15
provision for credit losses - loans		75,000	396,000
net interest income after net recovery of credit losses		37,327,500	50,592,000
net interest income after provision for credit losses				49,403,000		48,818,000	38,016,000	25,291,000	26,583,000	25,600,000	26,083,000	25,976,000	25,565,000
(recovery of) provision for credit losses - loans					-554,000
(recovery of) provision for credit losses - unfunded loan commitments
net interest income after (recovery of) provision for credit losses					49,315,000
provision for credit losses						3,697,750	13,681,000	812,000	298,000	418,000	136,000	399,000	729,000
subordinated notes								734,000	754,000	504,000	505,000	504,000	504,000	503,000	504,000	503,000	503,000	502,000	503,000	502,000	502,000		502,000	501,000	501,000	490,000	499,000	497,000
investment securities losses								-12,000	-5,000			-2,000	-8,000
investment securities gain										-2,000	2,000
provision for legal settlement															13,000,000
securities sold under agreements to repurchase														20,000	10,000	7,000	7,000	6,000	8,000	8,000	9,000		152,000	32,000
provision for loan losses														585,000	1,500,000	1,775,000	300,000	1,100,000	365,000	625,000	-1,000,000		1,900,000	925,000		300,000	200,000	400,000	200,000	200,000	200,000	200,000	800,000	100,000	100,000							-603,000			-1,000,000	-2,900,000				-1,400,000		1,000,000	5,100,000	23,000,000	19,200,000	26,250,000	7,900,000	3,195,000	1,375,000	1,130,000	5,000,000	1,420,000	750,000	300,000
net interest income after provision for loan losses														26,899,000	23,955,000	22,343,000	22,273,000	21,498,000	20,255,000	21,276,000	22,855,000		18,898,000	17,337,000	18,254,000	17,620,000	18,232,000	14,289,000	14,429,000	12,504,000	12,153,000	11,484,000	10,535,000	10,981,000	10,618,000	10,237,000				8,650,000	8,708,000	9,316,000	8,598,000	8,315,000	9,561,000	11,347,000	8,500,000	8,516,000		9,101,000	8,107,000	7,471,000	3,929,000	-13,454,000	-8,358,000	-14,666,000	4,925,000	9,193,000	10,895,000	10,538,000	6,300,000	9,077,000	8,729,000	8,512,000
other service charges and fees														166,000	239,000	230,000	153,000	131,750	197,000
gains on sale of portfolio loans
branch consolidation expenses
insurance claim receivable recovery
fhlb advances and other																				164,000	171,000		260,000
other professional services																					721,000		1,021,000	716,000	653,000	625,000	587,000	504,000	294,000	361,000	476,000	303,000	459,000	380,000	377,000	355,000	361,000	287,000	345,000	339,000	311,000	308,000
swap fees																							232,000
gain on sale of portfolio loans																							925,000	1,878,000
merger related and branch consolidation expenses
insurance claim receivable (recovery) write-off																								-486,000
fhlb advances																								818,000
loan swap referral fees																								200,000	568,000	629,000
short-term borrowings																									307,000	39,000	34,000	243,000
long-term debt																									371,000	433,000	532,000	443,000
telephone and communication																									153,000	198,000	202,000	212,000	211,000	181,000	165,000	196,000	111,000	221,000	193,000	122,000	168,000	206,000	190,000	176,000
legal fees																									223,000	189,000	120,000	53,000	49,000	215,000	83,000	66,000	-24,000	565,000	108,000	153,000	146,000	298,000	225,000
real estate owned																									9,000	22,000	12,000	2,000	1,000	18,000	53,000	25,000	20,000	41,000	-12,000	20,000												27,000
merger related																									1,994,000	471,000	6,860,000	645,000	2,724,000	319,000	154,000
insurance claim receivable write off																												615,000
interest and dividend income
interest and fees on loans																													8,767,000	12,281,000	11,731,000	11,056,000	10,793,000	10,337,000	9,851,000	9,204,000	8,910,000	8,631,000	8,384,000	7,991,000	7,810,000	7,912,000	7,749,000	7,327,000	7,462,000	7,351,000	7,292,000	7,441,000		7,847,000	8,217,000	8,930,000	9,567,000	10,044,000	11,106,000	11,693,000	12,406,000	12,435,000	12,328,000	12,122,000	12,205,000	11,839,000	12,117,000	11,787,000
interest and dividends on investment securities																																																											1,709,750	2,627,000	2,298,000	1,914,000	1,415,000	1,342,000
taxable																													1,938,500	2,922,000	2,539,000	2,293,000	1,960,000	1,925,000	1,766,000	1,827,000	1,636,000	1,544,000	1,368,000	1,464,000	1,685,000	1,532,000	1,660,000	1,820,000	1,987,000	2,054,000	2,093,000	1,918,000		871,000	941,000	693,000	768,000	1,029,000	1,308,000	1,588,000	2,287,000	2,095,000
tax-exempt																													708,500	955,000	1,008,000	871,000	790,000	758,000	805,000	781,000	507,000	437,000	441,000	441,000	442,000	420,000	142,000	55,000	60,000	63,000	193,000	234,000		221,000	265,000	291,000	325,000	474,000	614,000	676,000	756,000	771,000
total interest and dividend income																													11,456,250	16,226,000	15,324,000	14,275,000	13,619,000	13,098,000	12,468,000	11,830,000	11,075,000	10,654,000	10,272,000	9,961,000	9,954,000	9,885,000	9,568,000	9,228,000	9,520,000	9,477,000	9,585,000	9,601,000		8,989,000	9,484,000	9,987,000	10,731,000	11,629,000	13,089,000	14,008,000	15,491,000	15,325,000
interest on deposits																													1,691,250	2,780,000	2,161,000	1,824,000	1,705,000	1,619,000	1,484,000	1,326,000	1,186,000	1,295,000	1,191,000	1,139,000	1,070,000	979,000	780,000	777,000	838,000	924,000	960,000	956,000		1,139,000	1,224,000	1,353,000	1,519,000	1,862,000	1,978,000	2,162,000	2,322,000	2,525,000	2,610,000	2,645,000	2,747,000	2,680,000	3,023,000	3,265,000
interest on short-term borrowings																													274,250	332,000	402,000	363,000	241,000	182,000	189,000	172,000	75,000	21,000	25,000	66,000	69,000	85,000	81,000	60,000	52,000	33,000	30,000	33,000		8,000	6,000	7,000	20,000	41,000	52,000	28,000	68,000	123,000	147,000	95,000	81,000	164,000	128,000	96,000
interest on long-term debt																													305,500	410,000	408,000	404,000	338,000	216,000	77,000	95,000	104,000	104,000	105,000	106,000	107,000	108,000	109,000	76,000	69,000	73,000	95,000	96,000		141,000	147,000	156,000	163,000	180,000	217,000	234,000	276,000	289,000	297,000	372,000	408,000	442,000	908,000	969,000
collection and problem loan																													34,250	59,000	21,000	57,000	52,000	56,000	3,000	75,000	51,000	39,000	96,000	52,000	141,000	108,000	102,000	96,000	196,000	215,000	159,000	159,000
dividends per share																													0.095	0.13	0.13	0.12	0.12	0.1	0.1	0.1	0.09	0.09	0.09	0.08	0.08	0.07	0.07														0.23	0.23	0.225	0.225	0.22	0.22	0.22	0.22
earnings on life insurance																															291,000	277,000	295,000	275,000	271,000	268,000	289,000	272,000	270,000	268,000	294,000	269,000	233,000	229,000	240,000	238,000	238,000	234,000		241,000	239,000	269,000	251,000	250,000	248,000	274,000	256,000	330,000
occupancy expense																																	525,250	639,000	705,000	757,000	450,250	683,000	592,000	526,000	428,750	529,000	562,000	624,000	424,000	535,000	526,000	635,000		487,000	548,000	457,000	491,000	513,000	514,000
regulatory settlement
interest and dividends on investment securities:
benefit from loan losses																																					62,500	250,000
net interest income after benefit from loan losses																																					6,646,250	8,984,000	8,951,000
trust department income																																					942,750	1,247,000	1,188,000	1,336,000	1,079,000	1,074,000	1,198,000	1,247,000	1,088,000	1,172,000	1,219,000	1,208,000		1,151,000	1,127,000	1,227,000	1,096,000	1,116,000	1,136,000	1,124,000	1,046,000	1,012,000	1,109,000	928,000	834,000	730,000	671,000	637,000
directors compensation																																					182,500	242,000	257,000	231,000	132,750	204,000	170,000
real estate owned expenses																																					48,750	94,000	58,000	43,000	29,000	42,000	49,000	25,000	65,250	201,000	33,000			17,000	43,000
income before income taxes																																					1,422,750	1,567,000	930,000	3,194,000	1,980,750	2,923,000	1,823,000	3,177,000	2,513,000	5,201,000													4,267,500	7,042,000	5,264,000	4,764,000	5,107,000	4,518,000
legal reserve																																							1,000,000
legal																																								181,000	324,000	427,000
income before income tax																																															2,873,000	1,978,000		3,438,000	1,590,000	-8,133,500	-2,324,000	-17,160,000	-13,050,000	-1,263,500	3,049,000	4,830,000
noninterest expense
automated teller machine and interchange fees																																																180,000
taxes, other than income																																																158,000
telephone																																																		84,000	109,000	157,000	137,000	182,000	160,000	180,000	141,000	176,000
collection and problem loan expenses																																																		199,000	182,000
merchant processing revenue																																																				37,250	149,000
collection expense																																																				472,500	593,000	579,000	719,000
oreo expense																																																				176,500	230,000	100,000	376,000
total other income																																																							6,194,000	4,809,000	8,951,000	5,076,000	5,536,000	6,207,000	7,688,000	4,473,000	4,417,000	4,350,000
other expenses
total other expenses																																																							10,886,000		10,827,000		10,450,000	9,703,000
average shares and common stock equivalents outstanding																																																							8,055,118	2,004,387.5	8,026,925
short term investments																																																								51,000	42,000	24,000
mortgage banking revenues																																																								748,000	927,000
merchant processing revenues																																																									1,310,000
occupancy and equipment																																																								379,000	477,000	562,000	914,250	1,268,000	1,186,000	1,203,000	1,215,000	1,176,000
other operating expense																																																								1,398,250	2,103,000	1,489,000	1,840,000	2,692,000	2,413,000	2,366,000	2,094,000	2,504,000
merchant processing fees																																																										255,000
total other expense																																																								7,497,000		9,439,000			8,724,000	8,786,000	8,039,000	8,344,000
interest on short-term investments																																																												31,000	33,000	30,000
service charges on deposits																																																											1,389,000	1,979,000	1,881,000	1,696,000	1,842,000	1,750,000
other service charges																																																											729,000	1,135,000	1,451,000	840,000	913,000	1,130,000
gains on sale of loans																																																											522,000	383,000
securities gains																																																											813,250	1,074,000	1,781,000	398,000	338,000	293,000
advertising																																																											79,750	128,000	100,000	91,000	146,000	113,000
per share data
security impairment expense
interest on short term investments																																																											23,500				6,000	13,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-06-30	2020-03-31	2019-12-31	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-03-31	2010-12-31	2010-09-30	2010-03-31	2009-09-30	2009-06-30

assets
cash and due from banks	49,014,000	42,083,000	60,970,000	54,335,000	64,376,000	51,026,000	65,064,000	35,951,000	23,552,000	32,586,000	34,728,000	31,855,000	27,612,000	28,477,000	34,481,000	25,825,000	26,446,000	21,217,000	36,920,000	27,623,000	27,600,000	26,652,000	33,974,000	25,969,000	35,468,000	22,387,000	26,156,000	21,892,000	18,122,000	14,848,000	21,734,000	18,296,000	19,754,000	17,799,000	16,072,000	17,787,000	12,940,000	12,281,000	11,412,000	15,013,000	15,707,000	21,182,000	18,174,000	15,524,000	13,423,000	16,707,000	12,995,000	17,502,000	13,795,000	10,713,000	16,933,000	13,960,000	15,798,000	20,793,000	19,630,000	16,233,000	14,751,000	10,400,000	14,966,000	14,639,000	13,976,000	13,125,000
interest-bearing deposits with banks	112,122,000	107,691,000	123,176,000	95,042,000	222,744,000	197,848,000	171,716,000	96,558,000	159,170,000	32,575,000	60,211,000	44,463,000	70,711,000	32,346,000	32,446,000	86,081,000	187,792,000	187,493,000	274,495,000	309,139,000	298,645,000	25,638,000	23,163,000	30,493,000	72,670,000	54,830,000	45,664,000	19,125,000	4,460,000	15,324,000	8,073,000	4,178,000	18,258,000	10,752,000	14,201,000
cash and cash equivalents	161,136,000	149,774,000	184,146,000	149,377,000	287,120,000	248,874,000	236,780,000	132,509,000	182,722,000	65,161,000	94,939,000	76,318,000	98,323,000	60,823,000	66,927,000	111,906,000	214,238,000	208,710,000	311,415,000	336,762,000	326,245,000	52,290,000	57,137,000	56,462,000	116,879,000	77,217,000	88,815,000	41,017,000	22,582,000	30,172,000	29,807,000	22,474,000	38,012,000	28,551,000	30,273,000	37,641,000	63,649,000	66,915,000	28,340,000	34,272,000	23,794,000	33,038,000	31,409,000	35,737,000	40,012,000	30,357,000	37,560,000	70,376,000	84,336,000	94,770,000	150,688,000	13,960,000	15,798,000	20,793,000	19,630,000	16,233,000	36,251,000	19,200,000	33,611,000	66,969,000	37,226,000	18,395,000
restricted investments in bank stocks	23,984,000	26,717,000	24,111,000	21,204,000	19,693,000	20,232,000	20,247,000	11,147,000	11,453,000	11,992,000	12,987,000	12,602,000	12,869,000	10,642,000	6,469,000	6,500,000	6,791,000	7,252,000	7,051,000	9,691,000	10,307,000	16,256,000	15,823,000	16,184,000	10,105,000	10,292,000	10,842,000	9,337,000	12,697,000	12,122,000	9,997,000	9,469,000	7,072,000	7,424,000	7,970,000	6,615,000	5,780,000	6,270,000	8,720,000				8,350,000				9,921,000
securities available-for-sale	947,018,000	952,740,000				829,711,000				513,519,000				513,728,000
loans held for sale, at fair value	3,366,000	6,090,000	6,026,000	5,206,000	5,261,000	6,614,000	3,561,000	1,562,000	535,000	5,816,000	6,448,000	6,450,000	7,341,000	10,880,000	10,175,000	7,824,000	7,403,000	8,868,000	6,412,000	8,092,000	11,449,000	13,594,000	7,900,000	9,364,000
loans	4,061,319,000	4,020,693,000	3,979,736,000	3,931,379,000	3,875,985,000	3,931,214,000	3,981,437,000	2,347,603,000	2,303,073,000	2,298,313,000	2,266,836,000	2,234,417,000	2,207,501,000	2,151,232,000	2,087,927,000	2,017,629,000	1,978,307,000	1,979,986,000	1,939,764,000	1,945,383,000	2,045,021,000	2,041,317,000	1,656,948,000	1,644,330,000	1,601,670,000	1,265,539,000	1,247,657,000	1,084,941,000	1,063,883,000	1,044,114,000	1,010,012,000	981,220,000	934,382,000	901,331,000	883,391,000	847,061,000	831,933,000	804,703,000	781,713,000	762,858,000	751,530,000	727,753,000	704,946,000	680,374,000	678,854,000	673,282,000	671,037,000	683,642,000	672,755,000	674,748,000	703,739,000	803,738,000	837,980,000	898,847,000	965,440,000	989,018,000	984,967,000	964,293,000	916,227,000	898,276,000	867,435,000	845,473,000
less: allowance for credit losses	-47,463,000	-47,681,000	-48,105,000	-47,898,000	-47,804,000	-48,689,000	-49,630,000	-29,864,000	-29,165,000	-28,702,000	-28,278,000	-28,383,000	-28,364,000
net loans	4,013,856,000	3,973,012,000	3,931,631,000	3,883,481,000	3,828,181,000	3,882,525,000	3,931,807,000	2,317,739,000	2,273,908,000	2,269,611,000	2,238,558,000	2,206,034,000	2,179,137,000	2,126,054,000	2,063,218,000	1,994,350,000	1,956,799,000	1,958,806,000	1,919,799,000	1,926,002,000	2,026,054,000	2,023,800,000	1,641,145,000	1,629,675,000	1,587,210,000	1,251,256,000	1,233,643,000	1,071,129,000	1,050,446,000	1,031,114,000	997,216,000	968,449,000	921,631,000	888,663,000	870,616,000	833,211,000	818,493,000	791,356,000	768,145,000	749,321,000	737,678,000	713,292,000	690,199,000	664,355,000	658,429,000	655,437,000	652,008,000	664,038,000	655,802,000	660,011,000	688,435,000	775,087,000	806,570,000	874,859,000	924,278,000	970,811,000	970,376,000	950,966,000	906,421,000	886,256,000	859,472,000	838,060,000
premises and equipment	50,532,000	51,029,000	51,312,000	51,703,000	51,729,000	50,217,000	49,839,000	28,484,000	28,952,000	29,393,000	29,385,000	29,629,000	29,106,000	29,328,000	31,457,000	33,429,000	33,704,000	34,045,000	34,279,000	34,529,000	34,719,000	36,976,000	37,098,000	37,524,000	41,508,000	38,107,000	38,201,000	35,922,000	34,558,000	34,387,000	34,809,000	35,225,000	35,036,000	34,767,000	34,871,000	34,630,000	31,379,000	29,689,000	23,960,000	24,242,000	24,314,000	24,325,000	24,800,000	25,293,000	25,967,000	26,431,000	26,441,000	26,375,000	26,335,000	26,457,000	26,782,000	26,929,000	26,983,000	26,906,000	27,183,000	27,125,000	27,557,000	27,774,000	28,163,000	28,939,000	29,994,000	30,150,000
cash surrender value of life insurance	145,964,000	146,994,000	146,020,000	145,760,000	144,798,000	143,854,000	142,895,000	74,119,000	73,656,000	73,204,000	72,754,000	72,309,000	72,179,000	71,760,000	71,332,000	70,912,000	70,622,000	70,217,000	69,792,000	69,375,000	68,962,000	64,411,000	64,016,000	63,613,000	59,551,000	41,578,000	41,327,000	34,799,000	34,908,000	34,682,000	33,570,000	33,337,000	32,523,000	32,311,000	32,102,000	31,870,000	31,653,000	31,438,000	31,224,000	30,983,000	27,015,000	26,829,000	26,645,000	26,432,000	26,236,000	26,042,000	25,850,000	25,635,000	25,432,000	25,230,000	25,030,000	24,797,000	24,579,000	24,362,000	24,147,000	23,903,000	22,946,000	22,649,000	22,578,000	21,883,000	17,065,000	16,915,000
goodwill	69,751,000	69,751,000	69,751,000	69,751,000	68,106,000	68,106,000	70,655,000	18,724,000	18,724,000	18,724,000	18,724,000	18,724,000	18,724,000	18,724,000	18,724,000	18,724,000	18,724,000	18,724,000	18,724,000	18,724,000	18,724,000	18,724,000	20,142,000	19,925,000	19,621,000	12,592,000	12,592,000
other intangible assets	35,751,000	37,990,000	40,338,000	42,748,000	45,230,000	47,765,000	46,144,000	1,974,000	2,189,000	2,414,000	2,650,000	2,589,000	2,828,000	3,078,000	3,338,000	3,610,000	3,891,000	4,183,000	4,486,000	4,800,000	5,124,000	6,160,000	6,717,000	7,180,000	8,140,000	3,702,000	3,910,000
accrued interest receivable	21,176,000	21,473,000	20,443,000	19,958,000	19,893,000	21,058,000	20,562,000	14,120,000	13,496,000	13,630,000	12,212,000	11,773,000	10,911,000	11,027,000	9,212,000	8,425,000	8,642,000	8,234,000	8,015,000	7,930,000	9,070,000	8,182,000	6,697,000	6,040,000	6,558,000	6,340,000	5,927,000	5,393,000	5,568,000	4,902,000	5,048,000	4,252,000	4,467,000	4,104,000	4,672,000	3,690,000	3,759,000	3,582,000	3,845,000	3,537,000	3,359,000	3,049,000	3,097,000	3,151,000	2,955,000	3,313,000	3,400,000	3,380,000	3,621,000	3,444,000	3,188,000	3,696,000	3,593,000	4,431,000	4,548,000	5,172,000	5,849,000	5,715,000	6,003,000	4,714,000	3,856,000	3,768,000
deferred tax assets	32,802,000	33,931,000	34,100,000	36,683,000	36,206,000	42,647,000	38,517,000	21,674,000	21,181,000		25,500,000	22,093,000	21,335,000		26,875,000
other assets	71,636,000	72,754,000	71,998,000	76,401,000	79,913,000	79,986,000	82,754,000	47,648,000	41,606,000	38,759,000	45,116,000	41,064,000	38,563,000	42,333,000	40,769,000	55,823,000	49,993,000	43,088,000	45,191,000	46,410,000	45,190,000	48,467,000	51,279,000	46,921,000	45,854,000	37,191,000	29,947,000	29,037,000	28,445,000	30,068,000	27,005,000	30,708,000	29,103,000	31,176,000	31,078,000	27,517,000	25,341,000	26,785,000	28,334,000	26,253,000	26,549,000	25,842,000	26,171,000	11,898,000	11,845,000	15,067,000	15,067,000	29,441,000	27,528,000	27,031,000	25,939,000	28,058,000	45,718,000	37,411,000	31,108,000	24,085,000	21,158,000	20,497,000	19,186,000	18,149,000	10,551,000	11,210,000
total assets	5,576,972,000	5,542,255,000	5,470,233,000	5,387,645,000	5,441,586,000	5,441,589,000	5,470,589,000	3,198,782,000	3,183,331,000	3,064,240,000	3,054,435,000	3,008,197,000	3,011,548,000	2,922,408,000	2,852,092,000	2,824,201,000	2,900,537,000	2,834,565,000	2,870,182,000	2,912,717,000	2,963,534,000	2,772,796,000	2,387,553,000	2,383,274,000	2,399,508,000	1,973,283,000	1,934,388,000	1,720,755,000	1,644,118,000	1,635,906,000	1,558,849,000	1,533,586,000	1,474,930,000	1,453,946,000	1,414,504,000	1,354,154,000	1,311,353,000	1,287,279,000	1,292,816,000	1,274,340,000	1,232,783,000	1,189,420,000	1,190,443,000	1,183,392,000	1,167,308,000	1,198,017,000	1,177,812,000	1,212,478,000	1,191,217,000	1,197,038,000	1,232,668,000	1,269,319,000	1,328,475,000	1,446,741,000	1,444,097,000	1,517,315,000	1,512,393,000	1,511,722,000	1,477,780,000	1,316,038,000	1,159,996,000	1,112,989,000
liabilities
deposits:
noninterest-bearing	882,588,000	870,906,000	901,557,000	918,263,000	932,152,000	894,176,000	815,404,000	425,255,000	418,512,000	430,959,000	435,488,000	465,938,000	488,630,000	494,131,000	562,024,000	569,231,000	557,756,000	553,238,000	545,323,000	529,137,000	547,802,000	436,290,000	263,502,000	249,450,000	247,205,000	214,308,000	204,843,000	187,721,000	178,704,000	172,496,000	162,343,000	164,481,000	157,703,000	157,983,000	150,747,000
interest-bearing	3,744,836,000	3,657,868,000	3,632,003,000	3,598,362,000	3,701,564,000	3,728,920,000	3,835,449,000	2,277,629,000	2,277,439,000	2,127,855,000	2,110,947,000	2,056,923,000	1,999,479,000	1,950,807,000	1,943,829,000	1,909,385,000	1,988,236,000	1,911,691,000	1,956,785,000	1,964,963,000	1,999,287,000	1,815,441,000	1,633,794,000	1,626,072,000	1,768,336,000	1,406,388,000	1,353,913,000	1,241,449,000	1,147,162,000	1,127,018,000	1,057,172,000	1,052,246,000	1,038,233,000	1,025,893,000	1,001,705,000
total deposits	4,627,424,000	4,528,774,000	4,533,560,000	4,516,625,000	4,633,716,000	4,623,096,000	4,650,853,000	2,702,884,000	2,695,951,000	2,558,814,000	2,546,435,000	2,522,861,000	2,515,626,000	2,476,246,000	2,505,853,000	2,478,616,000	2,545,992,000	2,464,929,000	2,502,108,000	2,494,100,000	2,547,089,000	2,251,731,000	1,897,296,000	1,875,522,000	2,015,541,000	1,620,696,000	1,558,756,000	1,429,170,000	1,325,866,000	1,299,514,000	1,219,515,000	1,216,727,000	1,195,936,000	1,183,876,000	1,152,452,000	1,133,332,000	1,087,969,000	1,048,376,000	1,032,167,000	1,047,978,000	962,854,000	945,756,000	949,704,000	989,234,000	981,705,000	1,002,405,000	1,000,390,000	1,034,933,000	1,035,483,000	1,044,297,000	1,085,039,000	1,120,463,000	1,144,384,000	1,213,723,000	1,216,902,000	1,286,901,000	1,207,373,000	1,188,377,000	1,138,869,000	997,675,000	849,094,000	809,122,000
securities sold under agreements to repurchase and federal funds purchased	19,264,000	24,542,000	32,501,000	30,047,000	23,131,000	25,863,000	21,932,000	14,625,000	12,099,000	9,785,000	17,991,000	15,502,000	13,989,000
fhlb advances and other borrowings	206,694,000	274,701,000	209,218,000	136,334,000	100,349,000	115,364,000	115,378,000	115,000,000	115,000,000	137,500,000	157,250,000	136,727,000	162,326,000		1,567,000	1,678,000	1,788,000		2,003,000
subordinated notes and trust preferred debt	37,274,000	37,122,000	36,970,000	69,021,000	68,850,000	68,680,000	68,510,000
other liabilities	83,132,000	85,581,000	86,048,000	87,170,000	82,604,000	91,904,000	97,710,000	55,769,000	56,488,000	60,992,000	57,603,000	55,407,000	47,404,000	61,850,000	74,219,000	50,099,000	41,351,000	40,820,000	37,959,000	40,038,000	49,343,000	37,032,000	35,727,000	34,720,000																																			9,281,000	7,685,000	6,203,000	6,654,000
total liabilities	4,973,788,000	4,950,720,000	4,898,297,000	4,839,197,000	4,908,650,000	4,924,907,000	4,954,383,000	2,920,406,000	2,911,649,000	2,799,184,000	2,811,355,000	2,762,556,000	2,771,387,000	2,693,512,000	2,634,714,000	2,586,674,000	2,645,733,000	2,562,909,000	2,601,613,000	2,646,779,000	2,709,086,000	2,547,158,000	2,176,983,000	2,160,025,000	2,179,640,000	1,794,116,000	1,760,955,000	1,575,198,000	1,498,981,000	1,493,350,000	1,414,084,000	1,389,202,000	1,331,667,000	1,316,477,000	1,279,645,000	1,214,359,000	1,170,314,000	1,149,032,000	1,159,755,000	1,139,612,000	1,102,521,000	1,057,566,000	1,063,178,000	1,076,874,000	1,064,856,000	1,101,765,000	1,086,373,000	1,122,840,000	1,103,413,000	1,108,189,000	1,144,974,000	1,181,999,000	1,220,846,000	1,327,516,000	1,315,900,000	1,358,144,000	1,349,720,000	1,351,238,000	1,313,847,000	1,164,056,000	1,049,347,000	1,006,564,000
commitments and contingencies
shareholders’ equity
preferred stock, 1.25 par value per share; 500,000 shares authorized; no shares issued or outstanding
common stock	1,026,000	1,026,000	1,026,000	1,026,000	1,026,000	1,027,000	1,027,000	583,000	583,000	583,000	583,000	583,000	584,000	584,000	585,000	585,000	585,000	586,000	586,000	586,000	586,000	586,000	586,000	584,000	584,000	494,000	491,000	437,000	438,000	438,000	435,000	435,000	435,000	434,000	437,000	437,000	437,000	437,000	435,000	435,000	436,000	430,000	430,000	430,000	422,000	422,000	422,000	422,000	421,000	421,000	421,000	420,000	420,000	419,000	419,000	419,000	416,000		416,000	414,000	337,000	337,000
additional paid - in capital	422,663,000		423,624,000	422,349,000	421,445,000		422,177,000	187,694,000	187,267,000		188,458,000	187,859,000	187,572,000		188,730,000	188,178,000	188,033,000		189,168,000	188,772,000	188,511,000	188,226,000	187,843,000		188,414,000	151,702,000		126,260,000	126,402,000	125,988,000		125,120,000	124,727,000	124,365,000		124,935,000	124,807,000	124,548,000		124,102,000	123,829,000	123,573,000		123,280,000	123,169,000	123,164,000						122,616,000	122,616,000	122,535,000							82,933,000	82,777,000
retained earnings	202,704,000	186,752,000	170,526,000	153,923,000	139,547,000	126,540,000	117,311,000	129,670,000	124,075,000	117,667,000	112,144,000	105,239,000	97,519,000	92,473,000	84,867,000	91,723,000	84,943,000	78,700,000	74,122,000	69,052,000	62,302,000	42,862,000	38,408,000	35,246,000	27,462,000	26,161,000	24,472,000	24,529,000	21,584,000	18,667,000	16,042,000	17,264,000	15,324,000	12,848,000	11,669,000	10,483,000	9,787,000	9,855,000	7,939,000	7,151,000	5,272,000	4,349,000	1,887,000	-17,227,000	-22,404,000	-25,277,000	-27,255,000	-30,182,000	-32,291,000	-35,699,000	-37,259,000	-38,289,000	-16,937,000	-7,023,000	1,195,000	30,676,000	40,670,000	38,680,000	36,102,000	30,846,000	27,258,000	24,788,000
accumulated other comprehensive loss	-19,720,000	-15,201,000	-17,538,000	-24,479,000	-24,024,000	-26,316,000	-15,888,000	-28,404,000	-28,668,000	-28,476,000	-44,343,000	-34,196,000	-32,825,000									-5,114,000	-15,097,000	-480,000
treasury stock	-3,489,000	-5,638,000	-5,702,000	-4,371,000	-5,058,000	-7,843,000	-8,421,000	-11,167,000	-11,575,000	-13,745,000	-13,762,000	-13,844,000	-12,689,000	-13,512,000	-13,336,000	-13,589,000	-4,083,000	-1,768,000	-968,000	-50,000	-266,000	-922,000	-1,170,000	-466,000			-236,000	-197,000	-594,000	-299,000	-15,000	-15,000	-80,000	-80,000	-1,017,000	-1,196,000	-1,413,000	-1,027,000	-829,000	-167,000	-20,000	-20,000	-20,000	-20,000	-20,000	-20,000	-20,000	-20,000	-20,000	-20,000	-20,000	-20,000	-20,000	-20,000	-20,000	-20,000		-32,000	-248,000	-241,000	-1,571,000	-1,930,000
total shareholders’ equity	603,184,000	591,535,000	571,936,000	548,448,000	532,936,000	516,682,000	516,206,000	278,376,000	271,682,000	265,056,000	243,080,000	245,641,000	240,161,000	228,896,000	217,378,000	237,527,000	254,804,000	271,656,000	268,569,000	265,938,000	254,448,000	225,638,000	210,570,000	223,249,000	219,868,000	179,167,000	173,433,000	145,557,000	145,137,000	142,556,000	144,765,000	144,384,000	143,263,000	137,469,000	134,859,000	139,795,000	141,039,000	138,247,000	133,061,000	134,728,000	130,262,000	131,854,000	127,265,000	106,518,000	102,452,000	96,252,000	91,439,000	89,638,000	87,804,000	88,849,000	87,694,000	87,320,000	107,629,000	119,225,000	128,197,000	159,171,000	162,673,000	160,484,000	163,933,000	151,982,000	110,649,000	106,425,000
total liabilities and shareholders’ equity	5,576,972,000	5,542,255,000	5,470,233,000	5,387,645,000	5,441,586,000	5,441,589,000	5,470,589,000	3,198,782,000	3,183,331,000	3,064,240,000	3,054,435,000	3,008,197,000	3,011,548,000	2,922,408,000	2,852,092,000	2,824,201,000	2,900,537,000	2,834,565,000	2,870,182,000	2,912,717,000	2,963,534,000	2,772,796,000	2,387,553,000	2,383,274,000	2,399,508,000	1,973,283,000	1,934,388,000	1,720,755,000	1,644,118,000	1,635,906,000	1,558,849,000	1,533,586,000	1,474,930,000	1,453,946,000	1,414,504,000	1,354,154,000	1,311,353,000	1,287,279,000	1,292,816,000	1,274,340,000	1,232,783,000	1,189,420,000	1,190,443,000	1,183,392,000	1,167,308,000	1,198,017,000	1,177,812,000	1,212,478,000	1,191,217,000	1,197,038,000	1,232,668,000	1,269,319,000	1,328,475,000	1,446,741,000	1,444,097,000	1,517,315,000	1,512,393,000	1,511,722,000	1,477,780,000	1,316,038,000	1,159,996,000	1,112,989,000
additional paid—in capital		424,596,000				423,274,000				189,027,000				189,264,000				189,689,000						188,365,000			151,678,000				125,458,000				124,935,000				124,317,000				123,392,000				123,105,000	123,100,000							122,514,000
securities available for sale			890,357,000	885,373,000	855,456,000		826,828,000	529,082,000	514,909,000		495,162,000	508,612,000	520,232,000		503,596,000	512,698,000	529,730,000	472,438,000	445,018,000	450,402,000	407,690,000	483,936,000	479,599,000	490,386,000	496,930,000	490,221,000	465,844,000	489,356,000	449,419,000	454,800,000	415,308,000	421,455,000	401,904,000	423,601,000	400,154,000	374,902,000	324,540,000	327,590,000	394,124,000	394,251,000	376,436,000	349,827,000	376,199,000	402,563,000	389,961,000	431,786,000	406,943,000	384,522,000	358,482,000	349,733,000	301,970,000	291,649,000	283,078,000	311,485,000	310,365,000	354,042,000	395,792,000	431,772,000	429,156,000	253,155,000	165,281,000	164,864,000
subordinated notes								32,128,000	32,111,000	32,093,000	32,076,000	32,059,000	32,042,000	32,026,000	32,010,000	31,994,000	31,978,000	31,963,000	31,948,000	31,932,000	31,918,000	31,875,000	31,861,000	31,847,000	31,821,000	31,810,000	31,859,000
deferred tax asset										22,017,000				24,031,000
deposits held for assumption in connection with sale of bank branch													27,517,000	31,307,000
less: allowance for loan losses														-25,178,000	-24,709,000	-23,279,000	-21,508,000	-21,180,000	-19,965,000	-19,381,000	-18,967,000	-17,517,000	-15,803,000	-14,655,000	-14,460,000	-14,283,000	-14,014,000	-13,812,000	-13,437,000	-13,000,000	-12,796,000	-12,771,000	-12,751,000	-12,668,000	-12,775,000	-13,850,000	-13,440,000	-13,347,000	-13,568,000	-13,537,000	-13,852,000	-14,461,000	-14,747,000	-16,019,000	-20,425,000	-20,497,000	-20,965,000	-21,252,000	-20,098,000	-21,917,000	-23,166,000	-36,700,000	-36,235,000	-28,156,000	-43,715,000	-25,677,000
securities sold under agreements to repurchase														17,251,000	21,065,000	24,287,000	24,624,000	23,301,000	27,595,000	22,872,000	22,794,000	23,716,000	10,933,000
fhlb advances and other														106,139,000				1,896,000		57,837,000	57,942,000	202,804,000
accumulated other comprehensive income														-39,913,000	-43,468,000	-29,370,000	-14,674,000	4,449,000	5,661,000	7,578,000	3,315,000				3,408,000	810,000	-2,972,000	-5,472,000	-2,693,000	-2,238,000	2,845,000	1,580,000	2,857,000	-98,000	-1,165,000	5,136,000	7,421,000	4,434,000	1,199,000	3,207,000	745,000	3,522,000	1,576,000	55,000	1,285,000	-2,037,000	-4,813,000	-3,682,000	-3,133,000	1,325,000	1,828,000	2,593,000	1,550,000	3,314,000	4,089,000	5,772,000	15,000	-88,000	6,129,000	584,000	1,692,000	453,000
fhlb advances																							201,166,000
federal funds sold																									8,741,000		16,995,000																														21,500,000	8,800,000	18,645,000	52,330,000	23,250,000	5,270,000
loans held for sale, at cost
short-term borrowings																								154,869,000	9,373,000	9,579,000	64,069,000	45,353,000	63,838,000	93,731,000	93,576,000	91,571,000	90,562,000	113,414,000	87,864,000	42,852,000	43,393,000	62,693,000	89,156,000	54,831,000	103,276,000	75,272,000	86,742,000	56,279,000	53,920,000	48,821,000	59,032,000	25,320,000	26,619,000	15,244,000	9,650,000	12,066,000	27,493,000	53,752,000	35,013,000	27,534,000	86,750,000	87,850,000	124,869,000	110,213,000
long-term debt																								63,067,000	83,261,000	103,356,000	83,450,000	83,543,000	83,635,000	83,725,000	83,815,000	63,903,000	23,991,000	4,077,000	24,163,000	24,247,000	24,331,000	24,413,000	24,495,000	24,575,000	24,655,000	24,734,000	14,812,000	14,986,000	15,354,000	25,718,000	16,077,000	16,431,000	26,782,000	37,128,000	37,470,000	37,808,000	38,142,000	48,472,000	53,798,000	34,120,000	45,068,000	65,178,000	40,828,000	47,484,000
loans held for sale																									7,152,000	4,787,000	3,340,000	4,765,000	5,495,000	3,659,000	6,089,000	8,217,000	5,182,000	3,349,000	2,768,000	3,956,000	6,627,000	3,499,000	5,917,000	4,117,000	4,130,000	5,177,000	3,159,000	4,164,000	2,109,000	2,652,000	1,936,000	1,648,000	3,145,000	7,180,000	7,862,000	8,049,000	4,825,000	4,168,000	2,553,000	7,470,000	3,807,000	2,693,000	5,580,000
accrued interest and other liabilities																									39,644,000	28,675,000	22,821,000	17,132,000	25,642,000	16,380,000	17,178,000	17,001,000	21,178,000	15,110,000	15,166,000	13,928,000	14,621,000	13,550,000	13,937,000	12,228,000	11,736,000	11,804,000	11,920,000	16,375,000	13,877,000	24,821,000	10,874,000	46,156,000	14,529,000	11,520,000	12,815,000	11,662,000	10,827,000	11,569,000	10,187,000	9,589,000	10,529,000	9,833,000
interest bearing deposits with banks																																				19,854,000	50,709,000	54,634,000	16,928,000	19,259,000	8,087,000	11,856,000	13,235,000	20,213,000	26,589,000	13,650,000	24,565,000	52,874,000	70,541,000	84,057,000	133,755,000	93,644,000	109,725,000	133,879,000	90,039,000	65,398,000	557,000	925,000	587,000	644,000	7,495,000	677,000
intangible assets																																				122,000	132,000	155,000	207,000	258,000	309,000	363,000	414,000	465,000	517,000	570,000	622,000	674,000	727,000	780,000	832,000			989,000
non-interest bearing																																				148,388,000	147,680,000	146,094,000	131,390,000	139,565,000	142,790,000	129,593,000	116,302,000	125,833,000	121,904,000	124,353,000	116,371,000	118,181,000	119,451,000	116,926,000	121,090,000	113,115,000	118,062,000	117,868,000	111,930,000	116,839,000	116,418,000	104,646,000	105,452,000	94,918,000	90,562,000	93,935,000
interest bearing																																				984,944,000	940,289,000	902,282,000	900,777,000	908,413,000	820,064,000	816,163,000	833,402,000	863,401,000	859,801,000	878,052,000	884,019,000	916,752,000	916,032,000	927,371,000	963,949,000	1,007,348,000	1,026,322,000	1,095,855,000	1,104,972,000	1,170,062,000	1,090,955,000	1,083,731,000	1,033,417,000	902,757,000	758,532,000	715,187,000
restricted investments in bank stock																																								7,106,000	9,199,000	7,678,000		9,334,000	9,277,000	9,014,000		8,037,000	8,954,000	9,582,000	9,804,000	10,615,000	11,495,000	11,626,000	11,758,000	9,757,000		8,798,000
additional paid – in capital																																																	122,827,000	122,822,000	122,724,000
goodwill and intangible assets																																																				884,000	936,000		1,041,000	20,541,000	20,646,000	20,698,000	20,751,000	20,873,000	21,000,000	21,064,000
short term investments																																																										2,728,000
short-term investments																																																								248,000	2,746,000		2,728,000	6,400,000
shareholder’s equity
preferred stock 1.25 par value per share; 500,000 shares authorized; no shares issued or outstanding
additional paid-in capital																																																								122,324,000	121,579,000	121,508,000	121,534,000	120,379,000
member stock, at cost which approximates market value																																																									8,515,000		8,596,000	8,056,000	8,056,000	7,886,000
allowance for loan losses																																																									-18,398,000	-16,020,000	-15,386,000	-12,020,000	-7,963,000	-7,413,000
50,000,000 shares authorized; 7,986,966 and 6,469,508 shares issued; 7,985,667 and 6,443,195 shares outstanding																																																										416,000
liabilities and shareholders’ equity
accrued interest payable																																																												999,000	1,280,000	1,322,000
short term borrowings																																																													107,070,000	84,399,000
long term debt																																																													85,700,000	105,067,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-03-31	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2010-12-31	2009-09-30

cash flows from operating activities
net income	21,809,000	21,865,000	19,448,000	18,051,000	13,684,000	-7,903,000	7,738,000	8,531,000	7,643,000	9,026,000	9,838,000	9,156,000	9,626,000	-4,828,000	6,706,000	7,192,000	8,776,000	10,207,000	5,068,000	2,687,000	3,102,000	1,152,000	4,016,000	6,000	2,774,000	3,308,000	2,002,000	1,928,000	1,442,000	678,000	2,580,000	1,449,000	2,461,000	1,502,000	2,462,000	19,114,000	5,177,000	2,873,000	1,978,000	2,109,000	4,967,000	1,000	1,030,000	-21,352,000	-9,914,000	-8,218,000	-29,482,000	4,375,000	3,880,000
adjustments to reconcile net income to net cash from operating activities:
net discount accretion	-5,457,000														254,000	122,000	-74,000	-738,000
depreciation and amortization expense	3,547,000	3,730,000	3,648,000	4,244,000	3,897,000	3,657,000	1,064,000	1,072,000	1,146,000	1,080,000	1,051,000	1,063,000	1,084,000	1,162,000	1,291,000	1,322,000	1,339,000	1,353,000	1,388,000
provision for (recovery of) credit losses - loans	728,000
recovery of credit losses - unfunded loan commitments	-376,000	0
share-based compensation	1,540,000	1,332,000	1,286,000	1,358,000	1,231,000	5,657,000	864,000	967,000	593,000	609,000	535,000	619,000	546,000	741,000	521,000	483,000	478,000	467,000	525,000	180,000	499,000	381,000	188,000	338,000	382,000	363,000	303,000
gains on sales of loans originated for sale	-183,000	-284,000	-332,000	-225,000	-143,000	-240,000	-159,000	-268,000	-69,000	-96,000	-58,000	-60,000	22,000	-910,000	-987,000
fair value adjustments on loans held for sale	89,000	-4,000	-19,000	-8,000		-64,000	-13,000	-18,000		369,000	138,000	-325,000
mortgage loans originated for sale	-10,054,000	-12,231,000	-16,587,000	-11,225,000	-14,556,000	-12,900,000	-8,775,000	-7,697,000	-3,513,000	-5,095,000	-4,527,000	-5,302,000	-10,461,000	-15,827,000	-46,515,000	-46,462,000	-48,470,000	-55,720,000	-20,851,000	-26,789,000	-16,682,000	-19,297,000	-25,958,000	-29,028,000	-30,774,000	-28,662,000	-16,048,000		-37,859,000	-26,011,000	-18,041,000
proceeds from sales of loans originated for sale	12,872,000	11,699,000	16,993,000	12,811,000	11,682,000	11,205,000	7,920,000	13,264,000	4,073,000	4,824,000	5,341,000	9,223,000	9,737,000	12,072,000	44,677,000	49,548,000	52,918,000	56,959,000	23,185,000	24,887,000	15,505,000	21,048,000	27,194,000	31,722,000	28,398,000	27,364,000	15,647,000		41,348,000	23,398,000	20,839,000
net gain on oreo and premises held for sale
deferred income tax expense	2,612,000	538,000	342,000	5,766,000		-283,000	-570,000	891,000	-990,000
investment securities losses	2,000					-271,000	12,000	5,000	39,000	-2,000	2,000	8,000	-3,000	14,000	-3,000	-479,000	-11,000	-145,000	40,000
net losses on derivatives	27,000	-50,000
income from life insurance	-3,761,000	-1,471,000	-1,311,000	-1,289,000	-1,297,000	-1,289,000	-646,000	-634,000	-627,000	-620,000	-645,000	-590,000	-597,000	-583,000	-583,000	-569,000	-564,000	-557,000	-540,000	-684,000	-342,000	-362,000
decrease in accrued interest receivable and other assets	1,042,000	4,307,000				-9,831,000	-1,613,000	-1,139,000	-600,000	-645,000	1,522,000	1,294,000
increase in accrued interest payable and other liabilities	737,000				-2,233,000				4,324,000	-1,075,000					1,388,000	-1,670,000	-10,646,000	12,095,000		1,204,000	-2,351,000	2,742,000	-5,264,000	177,000	1,246,000			570,000	-693,000	1,071,000	-387,000	1,709,000	492,000	-68,000	-116,000	-4,428,000	3,163,000	1,115,000	1,196,000
other	363,000	306,000	158,000	359,000	1,550,000	368,000	181,000	186,000	158,000	185,000	163,000	172,000	14,000	-3,056,000	2,062,000	-816,000	-67,000	-3,225,000	-1,567,000	1,189,000	-89,000	1,693,000	581,000	412,000	-265,000	254,000	-349,000	-55,000	325,000	-8,000	-1,037,000	1,593,000	-1,675,000	105,000	-986,000	828,000	-158,000	879,000	80,000	-4,548,000	4,009,000	-2,156,000	3,034,000	-4,779,000	-8,876,000	-768,000	2,712,000	6,382,000	-139,000
net cash from operating activities	25,537,000	22,815,000	24,477,000	10,953,000	8,360,000	7,496,000	6,433,000	12,670,000	13,696,000	8,349,000	16,242,000	5,414,000	-1,566,000	12,467,000	10,596,000	10,380,000	3,202,000	16,633,000	4,431,000	5,336,000	429,000	7,357,000	1,184,000	7,011,000	1,786,000	3,621,000	3,932,000	5,246,000	4,969,000	288,000	5,084,000	3,955,000	3,286,000	4,157,000	760,000	1,244,000	5,330,000	6,680,000	4,004,000	1,656,000	12,604,000	2,051,000	7,824,000	727,000	4,736,000	5,371,000	14,069,000	12,496,000	5,184,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows	25,537,000	22,815,000	24,477,000	10,953,000	8,360,000	7,496,000	6,433,000	12,670,000	13,696,000	8,349,000	16,242,000	5,414,000	-1,566,000	12,467,000	10,596,000	10,380,000	3,202,000	16,633,000	4,431,000	5,336,000	429,000	7,357,000	1,184,000	7,011,000	1,786,000	3,621,000	3,932,000	5,246,000	4,969,000	288,000	5,084,000	3,955,000	3,286,000	4,157,000	760,000	1,244,000	5,330,000	6,680,000	4,004,000	1,656,000	12,604,000	2,051,000	7,824,000	727,000	4,736,000	5,371,000	14,069,000	12,496,000	5,184,000
cash flows from investing activities
maturities, repayments and calls of afs securities	23,389,000	21,132,000	20,898,000	18,432,000	18,133,000	26,080,000	13,707,000	18,134,000	7,533,000	8,274,000	8,050,000	11,132,000	7,663,000	8,962,000	8,557,000	9,298,000	9,821,000	11,406,000	20,497,000	8,991,000	6,306,000
purchases of afs securities	-23,051,000	-57,670,000	-50,050,000	-39,613,000	-37,686,000	-140,004,000	-28,505,000	-21,784,000	-6,178,000	-29,855,000	0	-9,532,000	-41,949,000	-18,093,000	-38,137,000	-80,054,000	-47,625,000	-29,233,000	-26,692,000	-65,062,000	-85,324,000
net purchases of restricted investments in bank stocks	2,733,000			539,000	15,000																																										-2,001,000
net decrease in loans	-38,509,000											-56,061,000	-63,183,000	-70,216,000	-40,108,000	6,167,000	99,971,000	-64,634,000																		-24,878,000	-9,171,000	-5,827,000	-4,346,000	-9,740,000	1,517,000	27,437,000
investment in limited partnerships	-926,000	-226,000	-690,000	-369,000	-873,000	-2,370,000			0	0																																					0
purchases of bank premises and equipment	-422,000	-506,000	-790,000	-2,315,000	-1,119,000	-363,000	-37,000	-63,000	-522,000	-266,000	-1,257,000	-248,000	-90,000	-333,000	-363,000	-335,000	-400,000	-156,000	-83,000	-800,000	-689,000	-1,713,000	-2,025,000	-281,000	-874,000	-831,000	-667,000	-957,000	-3,827,000	-2,264,000	-6,321,000	-302,000	-486,000	-557,000	-126,000	-116,000	28,000	-122,000	-649,000	-607,000	-427,000	-184,000	-358,000	-464,000	-573,000	-208,000	-551,000	-170,000	-414,000
proceeds from disposal of oreo and premises held for sale		0	251,000	1,931,000					0	874,000
death benefit proceeds from life insurance contracts	4,427,000								0	0			0	0								0
net cash from investing activities	-32,359,000	-41,026,000	-82,555,000	39,867,000	32,341,000	101,964,000	-63,932,000	-9,380,000	-25,770,000	-34,181,000	-36,694,000	-56,603,000	-73,477,000	-79,385,000	-68,789,000	11,035,000	62,366,000	-6,625,000	-15,814,000	100,811,000	-37,667,000	22,028,000	-66,470,000	-23,384,000	-78,278,000	-2,450,000	-41,780,000	-75,919,000	-75,035,000	-22,633,000	44,696,000	-26,998,000	-28,716,000	-57,950,000	6,318,000	3,668,000	-19,182,000									-14,463,000
continued
cash flows from financing activities
net increase in deposits	98,650,000	16,791,000	-117,798,000	10,620,000	-28,513,000	1,327,000	6,933,000	137,137,000	12,378,000	23,492,000	26,055,000	39,377,000	-29,610,000	27,236,000	-37,183,000	8,003,000			21,746,000	6,594,000	61,931,000	-30,857,000	103,304,000	2,788,000	20,791,000	12,060,000	31,424,000	19,120,000	45,363,000	39,593,000	16,209,000	-15,811,000	85,124,000	17,098,000	-3,948,000				2,015,000				-35,424,000	-23,921,000	-69,339,000	-3,179,000	-70,020,000	49,475,000	39,972,000
net decrease in borrowings with original maturities less than 90 days	-48,269,000			-2,733,000		-636,000													-65,716,000
proceeds from fhlb advances with original maturities greater than 90 days	95,000,000								0	0	0	40,000,000
payments on fhlb advances with original maturities greater than 90 days	-120,000,000	0	0	-15,000,000					0	-1,227,000	-115,000	-113,000
dividends paid	-5,857,000	-5,262,000	-5,072,000	-5,044,000	-4,455,000	-4,456,000	-2,143,000	-2,123,000	-2,120,000	-2,121,000	-2,118,000	-2,126,000	-2,020,000	-2,028,000	-2,128,000	-2,122,000	-2,026,000	-2,004,000	-1,906,000	-1,386,000	-1,413,000	-1,209,000	-1,071,000	-999,000	-834,000	-832,000	-823,000	-742,000	-746,000	-746,000	-664,000	-661,000	-582,000														1,000	-1,797,000	-1,410,000
acquisition of treasury stock	-429,000	-29,000							-6,000	0	-1,404,000	-1,175,000	-116,000	0	-800,000				-1,510,000									0	0	-386,000	-245,000	-662,000
shares repurchased as treasury stock for employee taxes associated with restricted stock vesting	-970,000	-1,523,000	-11,000	-467,000	0	-1,756,000	0	-637,000	0	0	0	-378,000	-23,000	-30,000		0
proceeds from issuance of employee stock purchase plan shares	75,000	85,000	0	66,000	0	187,000	0	80,000	0	70,000	0	66,000	-50,000	94,000		62,000	0	74,000
net cash from financing activities	18,184,000	52,980,000	-79,665,000	-12,574,000	-28,607,000	-5,189,000	7,286,000	114,271,000	-17,704,000	44,453,000	-1,553,000	88,689,000	68,939,000	21,939,000	-44,512,000	-46,762,000	-55,051,000	190,979,000	12,557,000	-66,485,000	25,640,000	18,413,000	83,721,000	23,706,000	60,954,000	8,290,000	36,126,000	63,305,000	44,058,000	19,079,000	-11,205,000	17,111,000	35,908,000	44,549,000	-5,449,000	-9,240,000	9,577,000	-25,965,000	1,492,000							10,255,000	-42,713,000	35,189,000	42,268,000
net increase in cash and cash equivalents	11,362,000	34,769,000	-137,743,000	38,246,000	12,094,000	104,271,000	-50,213,000	117,561,000	-29,778,000	18,621,000	-22,005,000	37,500,000	-6,104,000	-44,979,000	-102,705,000	-25,347,000	10,517,000	200,987,000	1,174,000	39,662,000	-11,598,000	47,798,000	18,435,000	7,333,000	-15,538,000	9,461,000	-1,722,000	-7,368,000	-26,008,000	-3,266,000	38,575,000		10,478,000	-9,244,000	1,629,000	-4,328,000	-4,275,000				-10,434,000	-55,918,000				1,163,000	3,397,000	-14,411,000	18,831,000
cash and cash equivalents at beginning of period	149,774,000	0	0	248,874,000		0	0	65,161,000		0	0	60,823,000		0		0	0	125,258,000	55,963,000	0	88,815,000		0		0	0	30,273,000		0	0	28,340,000		0	0	31,409,000		0	0	37,560,000	0	0	150,688,000	90,039,000	0	0	19,630,000	0	0	0
cash and cash equivalents at end of period	161,136,000	34,769,000	-137,743,000	287,120,000		104,271,000	-50,213,000	182,722,000		18,621,000	-22,005,000	98,323,000		-44,979,000		-25,347,000	10,517,000	326,245,000	57,137,000	39,662,000	77,217,000		18,435,000		-15,538,000	9,461,000	28,551,000		-26,008,000	-3,266,000	66,915,000		10,478,000	-9,244,000	33,038,000		-4,275,000	9,655,000	30,357,000	-13,960,000	-10,434,000	94,770,000	136,728,000	-1,838,000	-4,995,000	20,793,000	3,397,000	-14,411,000	18,831,000
supplemental disclosures of cash flow information:
cash paid during the period for:
interest	25,716,000					30,162,000				11,721,000							2,271,000	1,629,000			4,724,000			2,251,000	2,003,000	1,809,000	1,523,000	1,278,000	1,448,000	1,319,000	1,301,000	1,199,000	1,111,000	975,000	923,000	957,000	1,057,000	1,126,000	1,079,000	1,273,000	1,323,000	1,378,000		1,760,000	2,360,000	2,395,000			4,101,000
income taxes						2,200,000				2,800,000														530,000	958,000			400,000	450,000															0	1,225,000	42,000			1,000,000
supplemental schedule of noncash activities:
oreo acquired in settlement of loans	1,055,000									0											161,000				287,000	29,000	691,000
lease liabilities arising from obtaining rou assets										0
provision for credit losses - loans
net gain on sale of oreo and premises held for sale		0	-113,000	-6,000						-135,000
net loss on disposal of premises and equipment									10,000	16,000	237,000	-11,000	47,000	468,000					1,000	477,000	130,000	-4,000		0	0	23,000	-41,000				25,000					0	-1,000	-4,000	46,000
investment securities gains																				-2,064,000	-339,000	-115,000	-29,000	0	-533,000	-654,000	-3,000	0	0	0	-1,420,000	-13,000	-29,000	-353,000	-1,529,000	-267,000	-469,000	-602,000	-597,000	-157,000	0	-122,000	0	2,000	-2,595,000	-2,231,000	-3,025,000
gain on derivative terminations
proceeds from sales of afs securities					0				2,106,000				28,255,000	0	0	73,319,000	-17,000	75,736,000		114,871,000	59,464,000
net cash and cash equivalents received from acquisitions
net increase in loans						22,251,000	-44,903,000	-6,185,000		-32,524,000									-31,515,000	9,579,000	-17,974,000	-21,331,000	-24,365,000	-29,588,000	-49,368,000	-33,097,000	-18,738,000	-42,582,000	-15,165,000	-27,500,000	-23,262,000		-11,452,000	-24,446,000	-23,842,000								52,694,000	8,786,000	45,348,000	30,269,000	15,186,000
proceeds from sales of portfolio loans					5,309,000								0	0					21,618,000			0		0
proceeds from disposal of premises and equipment		0								0	31,000	12,000
purchases of bank owned life insurance					0																	0	0	0								0															0
net increase in borrowings with original maturities less than 90 days		55,354,000						-20,186,000	-27,956,000	24,239,000	-23,971,000	13,038,000	100,870,000	-3,222,000	-4,294,000	4,723,000	78,000	3,328,000		-206,000	-29,490,000
payments on subordinated notes
premise and equipment transferred to held for sale
noncash transactions related to merger:
assets acquired
liabilities assumed
net (discount accretion) premium amortization			-4,849,000	-7,100,000	-6,997,000														-664,000
(recovery of) provision for credit losses - loans
net gain on disposal of premises and equipment
decrease in accrued interest payable and other liabilities			1,285,000	-10,805,000			-707,000	-3,092,000				-12,522,000							-352,000								-56,000
net (purchases) redemptions of restricted investments in bank stocks									995,000	-385,000	267,000	-2,227,000								2,845,000	550,000	-1,252,000	3,360,000	-528,000
(recovery of) benefit from credit losses - loans				-554,000
(recovery of) benefit from credit losses - unfunded loan commitments
investment securities (gains) losses				-13,000
return on investments in limited partnerships				-13,000	-97,000	-10,000	-23,000	-16,000	-16,000	-15,000	0	-12,000	-12,000
net incomees (gains) on derivatives				180,000
increase in accrued interest receivable and other assets				-578,000
net decrease (increase) in loans				61,262,000
benefit from credit losses - loans
benefit from credit losses - unfunded loan commitments
fair value adjustment on loans held for sale
gains on sale of portfolio loans													0	0
net gain on disposal of oreo and premises held for sale
writedown of oreo and premises held for sale
net income on disposal of premises and equipment																													0
deferred income tax benefit											-365,000	1,251,000
benefit from legal settlement
payment of legal settlement
premium on branch sale									0	64,000
net cash received from acquisitions
net decrease increase in loans
proceeds from disposal of bank premises and equipment																							0	0	0	0	83,000																					0
net cash paid in branch sale									0	15,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
provision for credit losses						13,681,000	812,000	298,000	418,000	136,000	399,000	729,000
net gains on derivatives
net cash received from merger
net premium amortization							386,000	450,000	506,000	556,000	536,000	442,000	574,000	777,000						2,134,000	69,000
net redemptions (purchases) of restricted investments in bank stocks							306,000	539,000
net unrealized losses on derivatives								-130,000			-80,000	279,000
net (contributions to) distributions from investments in limited partnerships								-21,000
provision for legal settlement													0
loss on derivative terminations															0
net distributions from investments in limited partnerships									-13,000	-142,000	0	321,000	0
settlement of terminated derivatives															0
net unrealized gains on derivatives
loans transferred from lhfs to portfolio loans
impairment of intangibles
provision for loan losses													585,000	1,500,000	1,100,000	365,000	625,000	-1,000,000	925,000	200,000	400,000	200,000	200,000	800,000	100,000							0				-1,000,000												1,375,000	750,000
net loss on disposal of oreo and premises held for sale
writedown of premises held for sale
decrease in accrued interest receivable													-1,815,000	-787,000	-219,000	-85,000				1,143,000	-413,000		175,000		215,000	-363,000	568,000				263,000				48,000	54,000	-196,000	329,000	116,000			-256,000		-103,000
increase in other liabilities													221,000	10,992,000
proceeds from fhlb advances and other borrowings
payments on fhlb advances and other borrowings													-112,000	-111,000		-55,834,000	-105,000	-103,000
net redemptions of restricted investments in bank stocks														31,000				256,000	361,000							352,000	546,000				2,450,000				672,000
distributions from investments in limited partnerships
deferred income taxes															1,209,000	2,104,000	-771,000	-1,600,000	1,024,000	52,000	211,000	-213,000	238,000	2,849,000	-516,000	380,000	365,000		-949,000	15,000	728,000														904,000	-3,442,000	-9,309,000
proceeds from other short-term borrowings
payments on other short-term borrowings																				0	-25,000,000	0	0
payment of subordinated notes issuance costs
treasury shares repurchased for employee taxes associated with restricted stock vesting																		-514,000		0	-294,000	0	0
proceeds from issuance of stock for option exercises and employee stock purchase plan																			64,000	0	58,000	-1,000	66,000
net gain on disposal of oreo																						3,000	-5,000		-1,000	-3,000	-7,000
writedown of oreo																						0	11,000		0	1,000	3,000
proceeds from disposal of oreo																						153,000	232,000		52,000	48,000	137,000
gain on sales of loans originated for sale																	-1,471,000	-1,320,000	-1,216,000	-559,000	-350,000	-457,000	-621,000	-696,000	-687,000	-671,000	-393,000		-1,033,000	-617,000	-547,000
gain on sale of portfolio loans																			-1,878,000			0		0
increase in accrued interest receivable																		-143,000	-657,000														-178,000							315,000						117,000
net decrease in deposits																		190,198,000																		-39,530,000	7,529,000			-550,000	-8,814,000	-40,742,000
supplemental schedule of noncash investing activities:
securities purchases not yet settled																		11,699,000
proceeds from fhlb advances																			99,977,000
payments on fhlb advances																			-40,098,000
subordinated note issuance costs																				1,000	-58,000
net (decrease) increase in deposits
proceeds from long-term debt																				0	20,000,000			20,000,000								0	0	0	20,000,000	0	0	0	10,000,000
payments on long-term debt																				-71,488,000	-94,000	-93,000	-92,000	-88,000	-20,088,000	19,914,000	-20,086,000	-84,000	-84,000	-82,000	-82,000	-80,000	-80,000	-79,000	-10,078,000	-174,000	-368,000	-10,364,000	-359,000	-10,351,000	-10,346,000	-342,000	-338,000	-334,000	-10,330,000	-5,326,000	-10,322,000
proceeds from subordinated notes, net of issuance costs
depreciation and amortization																				1,287,000	1,079,000		851,000	883,000	843,000	644,000	895,000	771,000	722,000	717,000	741,000	746,000	698,000	722,000	741,000	769,000	563,000	741,000	765,000	717,000	698,000	661,000	650,000	669,000	640,000	654,000	723,000	-1,726,000	1,049,000
proceeds from settlement of life insurance contracts
rou assets obtained in exchange for lease obligations																					8,115,000
amortization of premiums on securities available for sale																							409,000	646,000	911,000	1,163,000	1,314,000	1,439,000	1,279,000	1,205,000	1,372,000	1,420,000	1,586,000	1,493,000	1,534,000	1,535,000	2,247,000	1,289,000	1,358,000	2,042,000	2,234,000	1,720,000	1,697,000	1,746,000	1,915,000	1,590,000	1,369,000
proceeds from sales of available for sale securities																							25,070,000	1,000	103,666,000	23,581,000	35,072,000	0	-1,000	0	64,743,000	13,000	5,004,000	19,212,000	41,382,000	18,119,000	47,954,000	35,933,000	67,567,000	5,733,000
maturities, repayments and calls of available for sale securities																							5,734,000	6,708,000	8,236,000	7,502,000	6,322,000	9,025,000	7,909,000	6,442,000	6,816,000	6,824,000	8,715,000	8,874,000	7,838,000	9,319,000	11,157,000	9,839,000	11,205,000	21,488,000	24,557,000	22,035,000	25,592,000	21,445,000	24,576,000	13,868,000	22,733,000
purchases of available for sale securities																							-78,641,000	0	-139,188,000	4,000	-64,535,000	-45,263,000				-11,207,000	-29,303,000	-60,106,000	-19,859,000	0	-75,386,000	-12,245,000	-87,383,000	-21,487,000	-42,398,000	-91,956,000	-38,788,000	-30,413,000	-61,183,000	-46,404,000	-35,822,000	-61,319,000	-38,763,000
improvements to oreo																									0
earnings on cash surrender value of life insurance																								-295,000	-275,000	-271,000	-268,000	-289,000	-272,000	-270,000	-268,000	-294,000	-269,000	-233,000	-229,000	-240,000	-238,000	-238,000	-234,000	-203,000	-202,000	-200,000	-368,000	-218,000	-217,000	-215,000	-356,000
security purchases not yet settled																																							12,751,000
net gain on disposal of other real estate owned																												-94,000	4,000	-37,000	-55,000		-32,000	-166,000	-7,000
writedown of other real estate owned																												31,000	57,000	44,000	51,000	24,000				16,000	145,000						99,000
investment in affordable housing limited partnerships
improvements to other real estate owned																													0	-4,000	-35,000
proceeds from disposal of other real estate owned																												513,000	69,000	203,000	305,000	529,000	463,000	594,000	253,000	240,000	550,000			87,000	870,000	122,000	1,350,000	847,000	681,000	855,000	990,000	2,230,000	195,000
net increase in short-term borrowings																								2,005,000	1,009,000	-22,852,000	25,550,000
net proceeds from issuance of common stock																																0	38,000	105,000	47,000	1,000	57,000	0	47,000	193,000									43,000
net proceeds from issuance of treasury stock																																															0	206,000	359,000
supplemental disclosure of cash flow information:
cash paid during the year for:
supplemental schedule of noncash investing and financing activities:
other real estate acquired in settlement of loans																												77,000	197,000	363,000	51,000	212,000	412,000	59,000	745,000	30,000	398,000	178,000	1,625,000	0	48,000	293,000		1,107,000	580,000	1,550,000			155,000
issuance of treasury stock																									76,000	0	61,000		66,000	0	40,000
net change in loans held for sale																																-1,800,000	13,000	1,047,000	-2,018,000	1,005,000	-2,055,000	543,000	-716,000	1,497,000	4,035,000	682,000	187,000	-3,224,000	-657,000	-1,615,000	4,917,000	2,887,000
deferred income taxes, including valuation allowance																																-757,000	567,000	261,000	726,000								0
benefit from loan losses																																								0			1,000,000	5,100,000	23,000,000	19,200,000
stock-based compensation																													279,000	259,000	240,000
decrease (increase) in accrued interest receivable																													69,000
net increase in short term borrowings																													-541,000
net (investment) redemptions of restricted investments in bank stocks
net decrease in short term purchased funds																															-26,463,000				-11,470,000								-2,416,000	-15,427,000
stock based compensation																																215,000	234,000	157,000	134,000	111,000	62,000	5,000	12,000	81,000	5,000	39,000
net loss on disposal of other real estate owned																																				-30,000	-10,000					122,000						18,000	-18,000
net decrease in cash and cash equivalents																																							-7,203,000					-1,838,000
proceeds from sale of loans
net increase in short term purchased funds																																					2,359,000	5,099,000	-10,211,000	-1,299,000	11,375,000	5,594,000				18,739,000	7,479,000
net change in restricted investments in bank stocks																																					-57,000	-263,000	907,000	917,000	628,000	222,000	811,000
net cash used by investing activities																																							-12,699,000
net income on disposal of other real estate owned																																								-9,000
deferred income taxes, including valuation allowance adjustments
net cash provided (used) by investing activities																																								-3,609,000	-15,253,000	-22,538,000		37,117,000
net cash used by financing activities
decrease in accrued interest payable
net cash provided (used) by financing activities																																									-7,785,000	-35,431,000		-39,682,000
write-down of other real estate owned																																													34,000	309,000
increase in accrued interest payable																																										1,000			-277,000	-148,000
sales of available for sale securities																																										19,786,000	0	253,000	62,981,000	30,865,000	55,899,000
proceeds from issuance of common stock																																										59,000	86,000	0	82,000	21,000	149,000
impairment of goodwill
net (gain) loss on disposal of other real estate owned																																											-36,000	-71,000	-59,000	138,000
net (gain) loss on disposal of bank premises and equipment
gains on sale of rate swap
net decrease in other short term investments
net proceeds from sales of portfolio loans
proceeds from sale of rate swap																																															0
redemption of cash surrender value upon death
purchase of treasury stock																																															0	-26,000
net gain on disposal of bank premises and equipment
gain on sale of rate swap
(decrease) in accrued interest payable
net (increase) in interest bearing deposits with banks and short term investments
net increase in interest bearing deposits with banks and short term investments																																													24,154,000	-43,840,000
net proceeds (purchases) of restricted investments in bank stocks
net proceeds of restricted investments in bank stocks																																														132,000
security impairment losses
net increase in interest bearing deposits with banks and other short term investments
net loss on disposal of bank premises and equipment
net decrease in interest bearing deposits with banks and short term investments
security impairment loss
(gain) on sale of rate swap
net decrease in interest bearing deposits with banks and other short term investments
net (purchases) of fhlb & frb stock
net (increase) in loans																																																	-22,317,000
purchases of intangible assets
proceeds from debt
payments on debt
stock based compensation expense
gain on sale of interest rate swap
securities gains
securities impairment expense
net decrease in interest bearing deposits with banks and short-term investments
sales and maturities of available for sale securities																																																	39,667,000
purchases of member stock
proceeds from sale of interest rate swap
net change in short-term borrowings																																																	22,671,000
repayment of long-term borrowings																																																	-19,367,000
unrealized gain on investments available for sale																																																	859,000
unrealized																																																	380,000
investment securities loss
net (increase) in interest bearing deposits with banks																																																	-6,818,000
purchase of intangible assets
net cash (used) by investing activities																																																	-28,621,000
proceeds from long-term borrowings
investment securities
securities impairment loss

Orrstown Financial Services, Inc(NASDAQ:ORRF)

Orrstown Financial Services, Inc
(NASDAQ:ORRF)