ORRSTOWN FINANCIAL SERVICES, INC. ORRF Balance Sheet

Orrstown financial services, inc. (ORRF)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Cash and due from banks
33	25	31	35	22	26	21	18	14	21	18	19	17	16	17	12	12	11	15	15	21	18	15	13	16	12	17	13	10	16	13	15	20	19	16	14	10
Short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	2
Interest-bearing deposits with banks
23	29	19	72	54	45	19	4	15	8	4	18	10	14	19	50	54	16	19	8	11	13	20	26	13	24	52	70	84	133	93	109	133	90	65	3	0
Federal funds sold
-	-	0	8	0	16	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	2	8
Cash and cash equivalents
57	55	50	116	77	88	41	22	30	29	22	38	28	30	37	63	66	28	34	23	33	31	35	40	30	37	70	84	94	150	13	15	20	109	16	16	19
Restricted investments in bank stocks
15	16	11	10	10	10	9	12	12	9	9	7	7	7	6	5	6	8	7	9	7	8	9	9	9	9	8	8	9	9	10	11	11	11	9	9	8
Securities available for sale (amortized cost of $497,454 and $491,492 at March 31, 2020 and December 31, 2019, respectively)
479	490	481	496	490	465	-	-	-	415	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans held for sale, at fair value
7	9	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities available for sale
-	-	-	-	-	-	489	449	454	-	421	401	423	400	374	324	327	394	394	376	349	376	402	389	431	406	384	358	349	301	291	283	311	310	354	421	431
Loans held for sale, at cost
-	-	7	7	4	3	4	5	3	6	8	5	3	2	3	6	3	5	4	4	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	-	4	2	2	1	1	3	7	7	8	4	4	2	7	4	2
Loans
1,656	1,644	1,593	1,601	1,265	1,247	1,084	1,063	1,044	1,010	981	934	901	883	847	831	804	781	762	751	727	704	680	678	673	671	683	672	674	703	803	837	898	965	989	999	964
Less: Allowance for loan losses
15	14	14	14	14	14	13	13	13	12	12	12	12	12	13	13	13	13	13	13	14	14	16	20	20	20	21	20	21	23	36	36	28	43	25	27	16
Net loans
1,641	1,629	1,578	1,587	1,251	1,233	1,071	1,050	1,031	997	968	921	888	870	833	818	791	768	749	737	713	690	664	658	655	650	664	655	660	688	775	806	874	924	970	976	950
Premises and equipment, net
37	37	43	41	38	38	35	34	34	34	35	35	34	34	34	31	29	23	24	24	24	24	25	25	26	26	26	26	26	26	26	26	26	27	27	27	27
Cash surrender value of life insurance
64	63	62	59	41	41	34	34	34	33	33	32	32	32	31	31	31	31	30	27	26	26	26	26	26	25	25	25	25	25	24	24	24	24	23	23	22
Goodwill
20	19	19	19	12	12	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other intangible assets, net
6	7	7	8	3	3	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	-	-	-
Goodwill and intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	20	20
Accrued interest receivable
6	6	6	6	6	5	5	5	4	5	4	4	4	4	3	3	3	3	3	3	3	3	3	2	3	3	3	3	3	3	3	3	4	4	5	5	5
Other assets
51	46	44	45	37	29	29	28	30	25	30	29	31	31	27	25	26	28	26	26	25	26	11	11	15	15	29	27	27	25	28	45	37	31	24	23	20
Total assets
2,387	2,383	2,313	2,399	1,973	1,934	1,720	1,644	1,635	1,558	1,533	1,474	1,453	1,414	1,354	1,311	1,287	1,292	1,274	1,232	1,189	1,190	1,183	1,167	1,198	1,177	1,212	1,191	1,197	1,232	1,269	1,328	1,446	1,444	1,517	1,531	1,511
Liabilities
Deposits:
Noninterest-bearing
263	249	246	247	214	204	187	178	172	162	164	157	157	150	148	147	146	131	139	142	129	116	125	121	124	116	118	119	116	121	113	118	117	111	116	112	104
Interest-bearing
1,633	1,626	1,676	1,768	1,406	1,353	1,241	1,147	1,127	1,057	1,052	1,038	1,025	1,001	984	940	902	900	908	820	816	833	863	859	878	884	916	916	927	963	1,007	1,026	1,095	1,104	1,170	1,147	1,083
Total deposits
1,897	1,875	1,923	2,015	1,620	1,558	1,429	1,325	1,299	1,219	1,216	1,195	1,183	1,152	1,133	1,087	1,048	1,032	1,047	962	945	949	989	981	1,002	1,000	1,034	1,035	1,044	1,085	1,120	1,144	1,213	1,216	1,286	1,260	1,188
Securities sold under agreements to repurchase
10	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FHLB Advances
201	209	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings
-	-	36	9	9	64	45	63	93	93	91	90	113	87	42	43	62	89	54	103	75	86	56	53	48	59	25	26	15	9	12	27	53	35	27	62	87
Long-term debt
-	-	-	-	-	83	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
-	-	63	83	103	-	83	83	83	83	63	23	4	24	24	24	24	24	24	24	24	14	14	15	25	16	16	26	37	37	37	38	48	53	34	44	65
Subordinated notes
31	31	31	31	31	31	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
35	34	35	39	28	22	17	25	16	17	17	21	15	15	13	14	13	13	12	11	11	11	16	13	24	10	46	-	-	12	-	-	-	-	-	-	-
Accrued interest and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	11	-	11	10	11	10	9	10	9
Total liabilities
2,176	2,160	2,090	2,179	1,794	1,760	1,575	1,498	1,493	1,414	1,389	1,331	1,316	1,279	1,214	1,170	1,149	1,159	1,139	1,102	1,057	1,063	1,076	1,064	1,101	1,086	1,122	1,103	1,108	1,144	1,181	1,220	1,327	1,315	1,358	1,377	1,351
Shareholders’ Equity
Preferred stock, $1.25 par value per share; 500,000 shares authorized; no shares issued or outstanding
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
Common stock, no par value—$0.05205 stated value per share 50,000,000 shares authorized; 11,268,679 and 11,220,604 shares issued; 11,196,724 and 11,199,874 shares outstanding
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
Additional paid - in capital
187	188	188	188	151	151	126	126	125	125	125	124	124	124	124	124	124	124	124	123	123	123	123	123	123	123	123	122	122	122	122	122	122	122	122	121	121
Retained earnings
38	35	32	27	26	24	24	21	18	16	17	15	12	11	10	9	9	7	7	5	4	1	-17	-22	-25	-27	-30	-32	-35	-37	-38	-16	-7	1	30	28	38
Accumulated other comprehensive loss
-15	-0	2	3	0	-2	-5	-2	-2	2	1	2	-0	-1	5	7	4	1	3	0	3	1	0	1	-2	-4	-3	-3	1	1	2	1	3	4	5	2	-0
Treasury stock— 71,955 and 20,730 shares, at cost at March 31, 2020 and December 31, 2019, respectively
1	0	1	0	0	0	0	0	0	0	0	0	0	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total shareholders’ equity
210	223	223	219	179	173	145	145	142	144	144	143	137	134	139	141	138	133	134	130	131	127	106	102	96	91	89	87	88	87	87	107	119	128	159	153	160
Total liabilities and shareholders’ equity
2,387	2,383	2,313	2,399	1,973	1,934	1,720	1,644	1,635	1,558	1,533	1,474	1,453	1,414	1,354	1,311	1,287	1,292	1,274	1,232	1,189	1,190	1,183	1,167	1,198	1,177	1,212	1,191	1,197	1,232	1,269	1,328	1,446	1,444	1,517	1,531	1,511