The bank has maintained a stable capital position with an equity-to-assets ratio of 0.11, supporting its expanded $5.6 billion asset base following the Codorus Valley Bancorp merger.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 3.66B | 994.82M | 1.08B | 578.68M | 574.55M | 681.15M | 591.72M | 546.85M | 537.66M | 445.12M | 430.43M | 422.46M | 407.61M | 444.5M | 452.66M | 420.03M | 14.05M | 20.93M | 13.28M | 17.86M | 21.63M | 15.35M | 12.58M | 13.28M | 11.75M | 13.33M | 11.19M | 8.7M | 15.13M | 8.84M | 9.73M |
| Cash & Due from Banks | 49.01M | 42.08M | 248.87M | 65.16M | 60.82M | 208.71M | 125.26M | 55.96M | 71.82M | 29.81M | 30.27M | 28.34M | 31.41M | 37.56M | 150.69M | 109.67M | 11.32M | 14.54M | 13.28M | 17.86M | 21.63M | 15.35M | 12.58M | 13.28M | 11.75M | 13.33M | 11.19M | 8.7M | 15.13M | 8.84M | 9.73M |
| Short Term Investments | 947.02M | 952.74M | 829.71M | 513.52M | 513.73M | 472.44M | 466.46M | 490.39M | 465.84M | 415.31M | 400.15M | 394.12M | 376.2M | 406.94M | 301.97M | 310.37M | 2.73M | 6.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 947.02M | 952.74M | 4.72B | 2.79B | 2.65B | 2.44B | 2.44B | 2.13B | 1.7B | 1.42B | 1.27B | 1.17B | 1.07B | 1.06B | 990.4M | 1.23B | 1.39B | 1.07B | 941.68M | 786.43M | 700.85M | 524.97M | 464.78M | 429.97M | 367.76M | 315.13M | 276.41M | 238.69M | 208.48M | 174.54M | 142.35M |
| Investments Growth % | -90.62% | -79.81% | 69.2% | 5.22% | 8.63% | 0.1% | 14.45% | 25.08% | 20.03% | 11.39% | 9.02% | 9.22% | 1% | 6.92% | -19.78% | -10.89% | 29.16% | 13.91% | 19.74% | 12.21% | 33.5% | 12.95% | 8.1% | 16.91% | 16.7% | 14.01% | 15.8% | 14.49% | 19.45% | 22.62% | 6.59% |
| Long-Term Investments | 8.27B | 0 | 3.89B | 2.28B | 2.14B | 1.97B | 1.97B | 1.64B | 1.24B | 1B | 873.38M | 774.06M | 693.36M | 652.01M | 688.43M | 924.28M | 1.38B | 1.07B | 941.68M | 786.43M | 700.85M | 524.97M | 464.78M | 429.97M | 367.76M | 315.13M | 276.41M | 238.69M | 208.48M | 174.54M | 142.35M |
| Accounts Receivables | 21.18M | 21.47M | 21.06M | 13.63M | 11.03M | 8.23M | 8.93M | 6.04M | 5.93M | 5.05M | 4.67M | 3.85M | 3.1M | 3.4M | 3.19M | 4.55M | 5.71M | 4.61M | 3.98M | 3.49M | 3.28M | 2.17M | 1.77M | 1.65M | 1.61M | 1.54M | 2.02M | 1.6M | 1.24M | 1.3M | 929K |
| Goodwill & Intangibles | 105.5M | 107.74M | 115.87M | 21.14M | 21.8M | 22.91M | 24.18M | 27.11M | 16.5M | 1.07M | 2.83M | 207K | 414K | 622K | 832K | 1.04M | 5.71M | 4.61M | 3.98M | 3.49M | 3.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 69.75M | 69.75M | 68.11M | 18.72M | 18.72M | 18.72M | 18.72M | 19.93M | 12.59M | 719K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 35.75M | 37.99M | 47.77M | 2.41M | 3.08M | 4.18M | 5.46M | 7.18M | 3.91M | 356K | 2.83M | 207K | 414K | 622K | 832K | 1.04M | 5.71M | 4.61M | 3.98M | 3.49M | 3.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 50.53M | 51.03M | 50.22M | 29.39M | 29.33M | 34.05M | 35.15M | 37.52M | 38.2M | 34.81M | 34.87M | 23.96M | 24.8M | 26.44M | 26.78M | 27.18M | 27.77M | 29.6M | 31.05M | 25.98M | 19.85M | 13.64M | 13.22M | 11.17M | 9.85M | 9.02M | 9.27M | 6.81M | 5.22M | 5.13M | 3.92M |
| Other Assets | 0 | 0 | 244.07M | 123.95M | 124.73M | 108.91M | 119.32M | 126.72M | 99.11M | 69.5M | 71.15M | 68.28M | 61.17M | 50.84M | 60.77M | 67.01M | 60.74M | 54.1M | 40.6M | 29.86M | 41.86M | 45.34M | 22.3M | 16.33M | 19.33M | 34.7M | 13.02M | 9.25M | 5.75M | 437K | 638K |
| Total Current Assets | 1.02B | 1.02B | 1.1B | 592.31M | 585.58M | 689.38M | 600.65M | 552.89M | 543.59M | 450.16M | 435.1M | 426.31M | 410.7M | 447.9M | 455.85M | 424.58M | 19.77M | 25.53M | 17.26M | 21.35M | 24.9M | 17.52M | 14.36M | 14.93M | 13.36M | 14.87M | 13.21M | 10.3M | 16.36M | 10.14M | 10.65M |
| Total Non-Current Assets | 188.84M | 192.7M | 4.34B | 2.47B | 2.34B | 2.15B | 2.15B | 1.83B | 1.39B | 1.11B | 979.4M | 866.51M | 779.74M | 729.91M | 776.82M | 1.02B | 1.49B | 1.17B | 1.03B | 863.63M | 784.13M | 583.95M | 500.3M | 457.46M | 396.94M | 358.86M | 298.69M | 254.75M | 219.46M | 180.11M | 146.9M |
| Total Assets | 5.58B | 5.54B | 5.44B | 3.06B | 2.92B | 2.83B | 2.75B | 2.38B | 1.93B | 1.56B | 1.41B | 1.29B | 1.19B | 1.18B | 1.23B | 1.44B | 1.51B | 1.2B | 1.05B | 884.98M | 809.03M | 601.46M | 514.65M | 472.39M | 410.3M | 373.73M | 311.9M | 265.05M | 235.82M | 190.24M | 157.56M |
| Asset Growth % | 72.76% | 1.85% | 77.58% | 4.85% | 3.1% | 3.05% | 15.41% | 23.21% | 24.09% | 10.2% | 9.41% | 8.6% | 1.07% | -4.45% | -14.64% | -4.47% | 26.35% | 13.75% | 18.85% | 9.39% | 34.51% | 16.87% | 8.95% | 15.13% | 9.79% | 19.82% | 17.68% | 12.4% | 23.96% | 20.75% | 7.92% |
| Return on Assets (ROA) | 1.54% | 1.47% | 0.52% | 1.19% | 0.77% | 1.18% | 1.03% | 0.78% | 0.73% | 0.54% | 0.49% | 0.63% | 2.46% | 0.83% | -2.87% | -2.16% | 1.22% | 1.19% | 1.35% | 1.48% | 1.65% | 1.79% | 1.57% | 1.58% | 1.51% | 1.49% | 1.45% | 1.5% | 1.46% | 1.5% | 1.48% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.82M | 17.18M | 15.17M | 13.94M | 11.92M | 10.87M | 12.81M | 10.19M | 0 | 0 | 8.77M | 8.47M | 6.78M | 550K | 4.98M | 4.28M | 3.82M | 0 | 3.28M | 422K | 0 | 0 | 0 |
| Total Debt | 263.23M | 336.37M | 209.91M | 179.38M | 155.42M | 57.16M | 109.41M | 404.65M | 179.38M | 177.39M | 112.03M | 113.65M | 101.55M | 75.11M | 47.12M | 88.81M | 153.03M | 162.77M | 182.29M | 134.03M | 74.14M | 76.44M | 74.56M | 66.63M | 49.35M | 61.4M | 39.94M | 36.23M | 27.06M | 8.33M | 2.34M |
| Net Debt | 214.22M | 294.28M | -38.97M | 114.22M | 94.59M | -151.55M | -15.84M | 348.69M | 107.56M | 147.58M | 81.75M | 85.31M | 70.14M | 37.55M | -103.57M | -20.86M | 141.7M | 148.23M | 169.01M | 116.18M | 52.52M | 61.1M | 61.98M | 53.35M | 37.6M | 48.07M | 28.75M | 27.53M | 11.94M | -503K | -7.39M |
| Long-Term Debt | 243.97M | 311.82M | 184.04M | 169.59M | 138.16M | 33.86M | 89.95M | 241.51M | 115.31M | 83.81M | 24.16M | 24.5M | 14.81M | 16.08M | 37.47M | 53.8M | 65.18M | 64.86M | 118.29M | 75.9M | 32.44M | 40.31M | 35.57M | 35.54M | 0 | 0 | 0 | 20.82M | 20.83M | 8.33M | 2.34M |
| Short-Term Debt | 19.26M | 24.54M | 25.86M | 9.79M | 17.25M | 23.3M | 19.47M | 163.14M | 64.07M | 93.58M | 87.86M | 89.16M | 86.74M | 59.03M | 9.65M | 35.01M | 87.85M | 97.91M | 64.01M | 58.13M | 41.7M | 36.14M | 38.99M | 31.09M | 49.35M | 61.4M | 39.94M | 15.41M | 6.23M | 0 | 0 |
| Other Liabilities | 4.71B | 3.74B | 91.9M | 60.99M | 61.85M | 40.82M | 38.03M | -120.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.19M | 0 | 0 | -8.77M | 0 | 0 | 4.33M | -19.49M | 0 | 0 | 0 | 0 | 2.15M | 0 | 235K | 0 |
| Total Current Liabilities | 19.26M | 895.45M | 4.65B | 2.57B | 2.49B | 2.49B | 2.38B | 2.04B | 1.65B | 1.33B | 1.26B | 1.14B | 1.05B | 1.07B | 1.11B | 1.27B | 1.29B | 1.02B | 838.92M | 712.95M | 687.2M | 499.51M | 449.32M | 394.02M | 372.34M | 342.57M | 285.23M | 220.22M | 193.91M | 163.41M | 139.36M |
| Total Non-Current Liabilities | 4.95B | 4.06B | 275.95M | 230.59M | 200.01M | 74.68M | 127.98M | 121.36M | 115.31M | 83.81M | 24.16M | 24.5M | 14.81M | 16.08M | 37.47M | 43.61M | 65.18M | 64.86M | 109.51M | 75.9M | 32.44M | 44.64M | 16.08M | 35.54M | 0 | 0 | 0 | 22.97M | 20.83M | 8.57M | 2.34M |
| Total Liabilities | 4.97B | 4.95B | 4.92B | 2.8B | 2.69B | 2.56B | 2.5B | 2.16B | 1.76B | 1.41B | 1.28B | 1.16B | 1.06B | 1.09B | 1.14B | 1.32B | 1.35B | 1.09B | 948.44M | 788.86M | 719.64M | 544.15M | 465.4M | 429.56M | 372.34M | 342.57M | 285.23M | 243.19M | 214.74M | 171.98M | 141.7M |
| Total Equity | 603.18M | 591.53M | 516.68M | 265.06M | 228.9M | 271.66M | 246.25M | 223.25M | 173.43M | 144.76M | 134.86M | 133.06M | 127.27M | 91.44M | 87.69M | 128.2M | 160.48M | 110.89M | 103.35M | 96.12M | 89.39M | 57.31M | 49.25M | 42.84M | 37.96M | 31.16M | 26.67M | 21.87M | 21.08M | 18.27M | 15.86M |
| Equity Growth % | 135.48% | 14.49% | 94.93% | 15.8% | -15.74% | 10.32% | 10.3% | 28.72% | 19.8% | 7.35% | 1.35% | 4.55% | 39.18% | 4.27% | -31.59% | -20.12% | 44.73% | 7.29% | 7.51% | 7.54% | 55.97% | 16.37% | 14.98% | 12.84% | 21.82% | 16.83% | 21.98% | 3.74% | 15.41% | 15.19% | 8.36% |
| Equity / Assets (Capital Ratio) | 10.82% | 10.67% | 9.5% | 8.65% | 7.83% | 9.58% | 8.95% | 9.37% | 8.97% | 9.29% | 9.53% | 10.29% | 10.69% | 7.76% | 7.11% | 8.88% | 10.62% | 9.27% | 9.83% | 10.86% | 11.05% | 9.53% | 9.57% | 9.07% | 9.25% | 8.34% | 8.55% | 8.25% | 8.94% | 9.6% | 10.06% |
| Return on Equity (ROE) | 14.62% | 14.59% | 5.64% | 14.44% | 8.81% | 12.7% | 11.27% | 8.53% | 8.05% | 5.79% | 4.95% | 6.05% | 26.65% | 11.17% | -35.62% | -22.14% | 12.22% | 12.48% | 13.14% | 13.54% | 15.86% | 18.74% | 16.88% | 17.28% | 17.11% | 17.61% | 17.19% | 17.49% | 15.85% | 15.28% | 14.75% |
| Book Value per Share | 31.08 | 35.30 | 34.64 | 25.40 | 21.38 | 24.46 | 22.32 | 21.23 | 20.32 | 17.60 | 16.56 | 16.34 | 15.68 | 11.30 | 10.85 | 15.97 | 21.00 | 17.17 | 15.30 | 14.24 | 13.76 | 9.68 | 8.44 | 7.45 | 6.71 | 5.61 | 4.92 | 4.06 | 3.93 | 3.41 | 2.96 |
| Tangible BV per Share | 25.64 | 28.87 | 26.87 | 23.37 | 19.34 | 22.40 | 20.13 | 18.66 | 18.38 | 17.47 | 16.21 | 16.32 | 15.63 | 11.22 | 10.75 | 15.84 | 20.26 | 16.45 | 14.71 | 13.72 | 13.25 | 9.68 | 8.44 | 7.45 | 6.71 | 5.61 | 4.92 | 4.06 | 3.93 | 3.41 | 2.96 |
| Common Stock | 1.03M | 1.03M | 1.03M | 583K | 584K | 586K | 586K | 584K | 491K | 435K | 437K | 435K | 430K | 422K | 421K | 419K | 0 | 0 | 336K | 336K | 0 | 283K | 267K | 264K | 250K | 248K | 233K | 231K | 214K | 214K | 204K |
| Additional Paid-in Capital | 422.66M | 424.6M | 423.27M | 189.03M | 189.26M | 189.69M | 189.07M | 188.37M | 151.68M | 125.46M | 124.94M | 124.32M | 123.39M | 123.11M | 122.72M | 122.51M | 121.92M | 82.89M | 82.89M | 82.49M | 72.34M | 46.88M | 34.43M | 32.93M | 25.91M | 25.08M | 19.36M | 18.5M | 12.48M | 12.35M | 10.63M |
| Retained Earnings | 202.7M | 186.75M | 126.54M | 117.67M | 92.47M | 78.7M | 54.1M | 35.25M | 24.47M | 16.04M | 11.67M | 7.94M | 1.89M | -27.25M | -37.26M | 1.2M | 38.68M | 28.86M | 21.12M | 13.87M | 16.93M | 9.96M | 13.72M | 8.51M | 9.75M | 5.56M | 6.62M | 3.72M | 6.86M | 4.73M | 4.79M |
| Accumulated OCI | -19.72M | -15.2M | -26.32M | -28.48M | -39.91M | 4.45M | 3.35M | -480K | -2.97M | 2.85M | -1.17M | 1.2M | 1.58M | -4.81M | 1.83M | 4.09M | -88K | -501K | 1.37M | 567K | 507K | 187K | 826K | 1.13M | 2.05M | 280K | 462K | -578K | 1.53M | 969K | 0 |
| Treasury Stock | -3.49M | -5.64M | -7.84M | -13.74M | -13.51M | -1.77M | -848K | -466K | -236K | -15K | -1.02M | -829K | -20K | -20K | -20K | -20K | -32K | -702K | -2.03M | -1.14M | -396K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 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 |
CRE Concentration and Integration
According to quarterly financial statements, ORRF's total assets grew from $3.1 billion in 2023Q4 to $5.6 billion by 2026Q1, a trajectory that reflects the successful inorganic expansion and subsequent integration of the Codorus Valley Bancorp merger into the bank's core operating footprint.
The rapid asset growth suggests that management has successfully scaled the balance sheet without compromising the underlying capital structure. Investors should monitor whether this expanded asset base can maintain historical yield levels as the bank integrates these new portfolios into its existing risk management framework.
As reported in recent regulatory filings, ORRF maintained an equity-to-assets ratio of 0.11 in 2026Q1, demonstrating that the bank has successfully preserved its capital adequacy despite the significant balance sheet expansion necessitated by recent merger activity and regional market penetration strategies.
The stability of the equity-to-assets ratio suggests a disciplined approach to capital management during a period of rapid growth. This capital position appears sufficient to support ongoing operations, though further investigation into the risk-weighted asset density is warranted to confirm the long-term sustainability of these buffers.
Based on the provided financial data, ORRF's investment securities portfolio reached $947.0 million in 2026Q1, indicating a strategic shift in liquidity management as the bank balances its cash-on-hand requirements against the need for yield-generating assets in a fluctuating interest rate environment.
The bank's liquidity profile appears to be transitioning from a cash-heavy position to a more diversified securities-based strategy. This shift may indicate an attempt to optimize the net interest margin, but it also exposes the balance sheet to potential market-to-market volatility within the investment portfolio.
Financial records indicate that the bank's rapid growth to $5.6 billion in total assets has significantly increased its exposure to regional commercial real estate, a trend that warrants close monitoring given the inherent cyclicality of the South Central Pennsylvania and Maryland property markets.
While the current provision for credit losses remains low at $352,000, the sheer scale of the combined loan book may mask latent credit risks. The bank's reliance on specific geographic corridors suggests that any localized economic downturn could disproportionately impact asset quality and necessitate higher future provisioning.
Quick answers to the most common questions about buying ORRF stock.
As of 2025, Orrstown Financial Services, Inc. (ORRF) had total assets of $5.54B including $1.02B in current assets.
Orrstown Financial Services, Inc. (ORRF) carries total debt of $336.4M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Orrstown Financial Services, Inc. (ORRF) has total shareholders' equity (book value) of $591.5M ($35.30 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Orrstown Financial Services, Inc. (ORRF) reported a current ratio of 1.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.