Orrstown Bank in Shippensburg, Pennsylvania (PA), MD
Overview, Financial Summary, Detailed Financial Reports, Branches


Orrstown Bank - Overview

  • General
  • FDIC Certificate #: 713
    Status: Active
    Federal Reserve ID: 342410
    Bank Holding Company (Regulatory Top Holder): Orrstown Financial Services, Inc. (RSSDID: 1248153, Location: Shippensburg, PA)
    Date Established: May 01, 1919
    WWW: http://www.orrstown.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 22 (Domestic: 22, Interstate: Yes)
    OTS Docket #: 10038
    FDIC's unique #: 456
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 16, 2007
    Last Structure Change Process Date: June 29, 2007
    Last Data Update: June 29, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 77 East King Street, Shippensburg, PA 17257
    County: Cumberland
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Harrisburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Harrisburg-Lebanon-Carlisle, PA (#3240)
    Combined Statistical Area (CSA): Harrisburg-Carlisle-Lebanon, PA (#276)
    Core Based Statistical Area (CBSA): Harrisburg-Carlisle, PA (#25420)
    CBSA Metro Statistical Area: Harrisburg-Carlisle, PA (#25420)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,449.8 mil
    Equity capital: $130.1 mil
    Deposits held in domestic offices: $1,220.6 mil
    Return on assets (ROA): -1.52% (-$22.0 mil)
    Quarterly return on assets: -5.50% (-$79.8 mil)
    Return on Equity (ROE): -16.18% (-$21.0 mil)
    Quarterly return on equity: -57.67% (-$75.0 mil)
    Net income: -$22.7 mil
    Quarterly Net income: -$20.4 mil
    Pretax return on assets: -1.92% (-$27,835.8 mil)
    Quarterly Pretax return on assets: -6.45% (-$93,510.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 323Total employees (full-time equivalent)
  • $1,449,781Total assets
  • $109,669Cash and due from depository institutions
  • $90,039Interest-bearing balances
  • $307,355Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $937,977Net loans & leases
  • $30,015Loan loss allowance
  • $0Trading account assets
  • $27,183Bank premises and fixed assets
  • $2,165Other real estate owned
  • $3,294Goodwill and other intangibles
  • $1,449,781Life insurance assets
  • $62,138All other assets
  • $1,319,704Total liabilities and capital
  • $1,220,564Total liabilities
  • $1,106,547Total deposits
  • $1,220,564Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 15013.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $73,798Trading liabilities
  • $0Other borrowed funds
  • $10,329Subordinated debt
  • $130,077All other liabilities
  • $130,077Total equity capital
  • $130,077Total bank equity capital
  • $0Perpetual preferred stock
  • $564Common stock
  • $70,136Surplus
  • $59,377Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,247Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $70,951Income earned, not collected on loans
  • $0Earning assets
  • $4,546Long-term assets (5+ years)
  • $1,335,371Average Assets, year-to-date
  • $530,879Average Assets, quarterly
  • $1,493,583Volatile liabilities
  • $1,480,950Insider loans
  • $1,038,159FHLB advances
  • $1,468,490Loans and leases held for sale
  • $23,759Unused loan commitments
  • $17,330Tier 1 (core) risk-based capital
  • $124,628Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,429Total unused commitments
  • $205,536Restructured Loans and leases
  • $2,716Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $60,190Total interest income
  • $10,755Total interest expense
  • $49,435Net interest income
  • $44,875Provision for loan and lease losses
  • $20,371Total noninterest income
  • $4,216Fiduciary activities
  • $3,972Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12,183Additional noninterest income
  • $59,706Total noninterest expense
  • $17,507Salaries and employee benefits
  • $4,692Premises and equipment expense
  • $37,507Additional noninterest expense
  • -$34,775Pre-tax net operating income
  • $6,029Securities gains (losses)
  • -$6,034Applicable income taxes
  • -$22,712Income before extraordinary items
  • $0Extraordinary gains - net
  • -$22,712Net income attributable to bank
  • $0Net charge-offs
  • -$22,712Cash dividends
  • $30,881Sale, conversion, retirement of capital stock, net
  • $1,825Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.38%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 3.60%Net interest margin
  • 1.48%Noninterest income to earning assets
  • 4.35%Noninterest expense to earning assets
  • -1.84%Net operating income to assets
  • -1.52%Return on assets (ROA)
  • -1.92%Pretax return on assets
  • -16.18%Return on equity (ROE)
  • -17.47%Retained earnings to average equity (YTD only)
  • 3.14%Net charge-offs to loans
  • 145.32%Credit loss provision to net charge-offs
  • 0.33%Efficiency ratio
  • 57,372Assets per employee
  • 4.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -8.04%Loss allowance to loans
  • 3.10%Loss allowance to noncurrent loans
  • 42.30%Noncurrent assets plus other real estate owned to assets
  • 5.04%Noncurrent loans to loans
  • 7.33%Net loans and leases to deposits
  • 76.85%Net loans and leases to core deposits
  • 93.06%Equity capital to assets
  • 8.97%Core capital (leverage) ratio
  • 8.49%Tier 1 risk-based capital ratio
  • 12.00%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,493,583Average earning assets
  • $140,413Average equity
  • $1,372,971Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $468,934Managed Assets
  • 1Number of Accounts
  • $459,848Personal trust and agency accounts
  • $60,411Employee benefit-defined contribution accounts
  • $9,674Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $106,372Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $277,286Other fiduciary accounts
  • $6,105Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1659Number of Accounts
  • $0Personal trust and agency accounts
  • $106,372Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $9,086Other retirement accounts
  • $1,042Corporate trust and agency accounts
  • $680Other fiduciary accounts
  • $115Fiduciary accounts held in foreign offices

List of branches

  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    23493237Eastern Blvd Branch1020 Professional Court, Hagerstown, MD 21740September 02, 2008Full Service Brick and Mortar
  • 21 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0456Orrstown Bank77 East King Street, Shippensburg, PA 17257May 01, 1919Full Service Brick and Mortar
    1184467Lurgan Branch121 Lurgan Avenue, Shippensburg, PA 17257Febuary 17, 1981Full Service Brick and Mortar
    2184468Orrstown Branch3580 Orrstown Road, Orrstown, PA 17244November 08, 1982Full Service Brick and Mortar
    3184469Fannett/Metal Branch16400 Path Valley Road, Spring Run, PA 17262May 04, 1988Full Service Brick and Mortar
    4184470Stonehedge Branch427 Village Drive, Carlisle, PA 17015March 24, 1994Full Service Brick and Mortar
    6184472Hanover Street Branch22 South Hanover Street, Carlisle, PA 17013January 30, 1997Full Service Brick and Mortar
    7184473Norland Avenue Branch625 Norland Avenue, Chambersburg, PA 17201November 21, 1997Full Service Brick and Mortar
    9357054Silver Spring Branch3 Baden Powell Lane, Mechanicsburg, PA 17050June 29, 2000Full Service Brick and Mortar
    10277866Lincoln Way East Branch1725 Lincoln Highway East, Chambersburg, PA 17202August 29, 1997Full Service Brick and Mortar
    11361038Greencastle Branch308 Carolle Street, Greencastle, PA 17225Febuary 27, 2001Full Service Brick and Mortar
    12364048North Middleton Branch2250 Spring Road, Carlisle, PA 17013June 24, 2002Full Service Brick and Mortar
    13419393Orchard Drive Branch1355 Orchard Drive, Chambersburg, PA 17201May 14, 2003Full Service Brick and Mortar
    14429746Seven Gables Branch1 Giant Lane, Carlisle, PA 17013April 26, 2004Full Service Brick and Mortar
    15453044Camp Hill Branch3045 Market Street, Camp Hill, PA 17011August 04, 2005Full Service Brick and Mortar
    174958Newport BranchCenter Square, Newport, PA 17074May 08, 1893Full Service Brick and Mortar
    18216190Duncannon Branch403 North Market Street, Duncannon, PA 17020December 29, 1986Full Service Brick and Mortar
    19216191Red Hill Branch18 Newport Plaza, Newport, PA 17074April 01, 1996Full Service Brick and Mortar
    20216192New Bloomfield Branch1 South Carlisle Street, New Bloomfield, PA 17068November 01, 1999Full Service Brick and Mortar
    21334391New Bloomfield Branch Drive-In FacilIntersection Of Mcclure & Barnet Street, New Bloomfield, PA 17068May 15, 2000Limited Service Facility
    22433167Simpson Street Office1110 East Simpson Street, Mechanicsburg, PA 17055October 27, 2004Full Service Brick and Mortar
    24521625Carlisle Events BranchCarlisle Fairgrounds, 1000 Bryn Mawr Road, Carlisle, PA 17013April 27, 2011Limited Service Mobile

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