← ORRSTOWN FINANCIAL SERVICES INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $6.6m $8.1m $12.8m $16.9m $26.5m $32.9m $22.0m $35.7m $22.1m $80.9m
Depreciation and amortization $3.0m $3.3m $3.6m $5.5m $6.6m $5.3m $4.6m $4.3m $9.7m $15.3m
Amortization of Debt Issuance Costs — — — — — — — — — $335k
Amortization of Intangible Assets — — $286k $1.6m $1.6m $1.3m $1.1m $953k $5.7m $9.8m
Depreciation $2.3m $2.6m $2.6m $2.7m $3.2m $2.3m $2.1m $1.9m $2.6m $3.4m
Deferred Income Tax Expense (Benefit) ($232k) $443k $543k $1.8m ($554k) $942k ($591k) ($651k) ($867k) $6.0m
Share-based Payment Arrangement, Noncash Expense $958k $1.4m $1.5m $1.6m $2.1m $1.9m $2.2m $2.4m $8.7m $5.0m
Payment, Tax Withholding, Share-based Payment Arrangement — — $651k $1.8m $717k $514k $285k $378k $2.4m $2.0m
Goodwill, Impairment Loss — — — — — — $0 $0 $0 $0
Impairment of Intangible Assets, Finite-lived — — — — $153k $0 $0 $0 $0 $0
Gain (Loss) on Disposition of Property Plant Equipment ($147k) $18k ($12k) ($139k) ($2k) ($22k) ($530k) ($252k) ($381k) ($19k)
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal ($827k) ($376k) ($879k) $1.2m ($2.9m) $693k ($2.8m) $1.7m ($10.6m) $5.4m
Income Tax Expense (Benefit) $1.3m $4.3m $1.6m $2.7m $6.0m $8.0m $4.6m $9.4m $5.8m $21.8m
Operating Lease, Expense — — — — $1.6m $1.5m $1.4m $1.3m $1.1m —
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions — — — — — — $976k $43k $146k —
Additional Financial Items
Bank Owned Life Insurance Income $1.1m $1.1m $1.5m $2.0m $2.3m $2.3m $2.3m $2.5m $3.9m $5.4m
Increase (Decrease) in Other Operating Liabilities $561k $2.0m $2.7m ($5.3m) $953k $1.2m $10.9m ($5.7m) $4.2m ($10.8m)
Gain (Loss) on Sales of Loans, Net ($846k) $2.4m $2.1m $2.6m $6.1m $5.0m $1.3m $283k $810k $1.3m
Debt and Equity Securities, Gain (Loss) — — $1.0m $4.7m ($16k) $638k ($160k) ($47k) $249k $166k
Debt Securities, Realized Gain (Loss) — — — — — — — — — $117k
Equipment Expense $3.3m $3.4m $4.1m $4.7m $4.8m $5.1m $5.1m $5.3m $8.6m $9.5m
Gain (Loss) on Investments — — — — — $638k $10k ($47k) $181k —
Gain (Loss) on Sale of Properties — — — — — — — $1.1m $0 $0
Gain (Loss) Related to Litigation Settlement ($1.0m) $0 $0 — — — — — — —
Goodwill — — $12.6m $19.9m $18.7m $18.7m $18.7m $18.7m $68.1m $69.8m
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — $1.1m $4.2m $1.7m $17.4m $126k
Unrealized Gain (Loss) on Derivatives — — — — — — — ($373k) — —
Derivative, Gain (Loss) on Derivative, Net — — — — — — — — $276k ($272k)
Net Cash Provided by (Used in) Operating Activities $15.6m $16.4m $22.5m $9.1m $30.2m $40.8m $36.2m $43.7m $35.0m $74.7m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $13.4m $2.7m $4.8m $2.9m $1.3m $1.3m $895k $2.3m $1.6m $4.2m
Payments for (Proceeds from) Other Investing Activities $439k $0 ($7k) $0 $0 — — $143k $374k $15k
Net Cash Provided by (Used in) Investing Activities ($128.9m) ($145.9m) ($139.4m) $19.0m ($292.3m) ($2.0m) ($271.0m) ($153.2m) $61.0m ($182.0m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $30.2m $28.8m $18.4m $33.3m $56.2m $39.1m $50.1m $35.0m $76.1m $85.2m
Proceeds from Issuance of Long-term Debt $0 $80.0m $0 $20.0m — — — — — —
Repayments of Long-term Debt $332k $20.3m $365k $91.8m — — — — — —
Proceeds from Issuance of Common Stock $105k $0 — — $116k $136k $133k $136k $267k $151k
Payments for Repurchase of Common Stock $631k $0 $0 — $1.2m $1.9m $14.2m $2.6m $0 $263k
Dividends paid $2.9m $3.5m $4.4m $6.2m $7.6m $8.3m $8.3m $8.5m $13.2m $20.6m
Payments of Dividends $2.9m $3.5m $4.4m $6.2m $7.6m $8.3m $8.3m $8.5m $13.2m $20.6m
Proceeds from (Payments for) Other Financing Activities — — — — — — — — $545k $571k
Net Cash Provided by (Used in) Financing Activities $115.2m $129.1m $175.9m ($60.4m) $331.5m $44.7m $86.9m $113.9m $87.8m $8.1m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $1.9m ($466k) $59.0m ($32.4m) $69.3m $83.5m ($147.9m) $4.3m $183.7m ($99.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $56.5m $125.3m $208.7m $60.8m $65.2m $248.9m $149.8m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $12.9m $24.3m $16.7m $6.8m $8.7m $42.9m $93.3m $103.4m
Income Taxes Paid, Net — — — — — — — — — $5.5m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.