Oregon Bancorp Announces Fourth Quarter Earnings and Full-Year 2025 Financial Results

Fourth quarter 2025 net earnings of $826 thousand, or $0.33 per common share

Quarterly return on average assets of 0.7% and return on average equity of 4.4%

Full-Year net earnings of $3.2 million, or $1.29 per common share

Annual return on average assets of 0.7% and return on average equity of 4.3%

SALEM, Ore.--(BUSINESS WIRE)-- Oregon Bancorp, Inc. (OTCBB: ORBN), the parent company of Willamette Valley Bank, today announced its financial results for the fourth quarter and full year ended December 31, 2025.

For the fourth quarter of 2025, the Company reported net income of $826,000, or $0.33 per share, resulting in a return on average assets of 0.7% and a return on average equity of 4.4%. This compares to net income of $1.1 million, or $0.46 per share, for the quarter ending September 30, 2025.

For the full year, Oregon Bancorp generated net income of $3.2 million, or $1.29 per share, compared to $3.4 million, or $1.38 per share, in 2024. The Company’s return on average assets remained steady at 0.7%, consistent with the prior year. The net interest margin improved during the year, reaching 3.8% in the fourth quarter and 3.7% for the full year, up from 3.5% and 3.6%, respectively, in 2024. Residential mortgage production totaled $52 million for the fourth quarter and $223 million for the year.

During the fourth quarter, total assets declined by $6.6 million, driven primarily by a $7.5 million decrease in deposits and a $6.6 million reduction in commercial loan balances. When compared to December 31, 2024, the balance sheet decreased by $17.8 million, largely reflecting a $19 million reduction in borrowings and a $14 million decline in commercial loan balances. Asset quality continues to remain strong and capital levels are solid.

President and CEO Ryan Dempster noted that the Federal Reserve’s three interest rate reductions during the quarter have already stimulated commercial lending activity, which is expected to contribute to commercial loan growth in the new year. “Although deposit balances remained level during the year, we have a strong pipeline of new customers,” Dempster said. “We are encouraged that this momentum will support deposit growth in 2026.”

About Oregon Bancorp, Inc.

Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank (Bank), a community bank headquartered in Salem, Oregon. The Bank conducts commercial and retail banking activities at four full-service branch locations in Salem, Keizer, Silverton, and Albany, Oregon. The Bank also operates four Home Loan Centers located in Oregon and Idaho. For more information about Oregon Bancorp, Inc. or its subsidiary, Willamette Valley Bank, please call (503)485-2222 or visit our website at www.willamettevalleybank.com.

Forward Looking Statements

Certain statements in this release may be deemed “forward-looking statements”. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.

CONSOLIDATED BALANCE SHEETS (Unaudited)
(Amounts in thousands except per share data)
	December 31,								September 30,
ASSETS	2025				2024				2025
Cash and short term investments	$	32,414			$	42,541			$	25,547
Securities available-for-sale, at fair value		106,092				97,377				104,558
Loans available for sale, at fair value		11,717				11,407				11,717
Loans:
Real estate		278,066				294,034				284,734
Commercial		8,690				7,271				7,836
Other		305				322				1,152
Deferred fees and costs		(582	)			(642	)			(581	)
Loan loss reserve		(2,957	)			(3,243	)			(3,055	)
Total net loans		283,522				297,742				290,086
Property and other assets		18,492				20,957				26,914
Total assets	$	452,237			$	470,024			$	458,822
LIABILITIES
Deposits:
Noninterest-bearing demand	$	27,859			$	34,173			$	32,976
Interest-bearing demand		83,742				85,921				88,577
Savings and money market		137,088				116,261				132,563
Certificates of deposit		81,148				96,514				83,181
Total deposits		329,837				332,869				337,297
Borrowings		37,000				56,000				37,000
Other liabilities		8,897				7,676				9,017
Total liabilities		375,734				396,545				383,314
SHAREHOLDERS' EQUITY		76,503				73,479				75,508
Total liabilities and shareholders' equity	$	452,237			$	470,024			$	458,822
Book value per common share	$	30.69			$	29.63			$	30.29

CONSOLIDATED STATEMENTS OF NET INCOME (Unaudited)
(Amounts in thousands except per share data)
	Year-to-Date								Three Months Ending
	December 31, 2025				December 31, 2024				December 31, 2025				December 31, 2024
Interest income	$	24,714			$	25,120			$	6,153			$	6,494
Interest expense		8,520				9,379				2,013				2,470
Net interest income		16,194				15,741				4,140				4,024
(Benefit) provision for credit losses		(287	)			(20	)			(98	)			(309	)
Net interest income after provision		16,481				15,761				4,238				4,333
Noninterest income		9,567				12,193				2,319				2,893
Noninterest expense		21,978				23,628				5,544				6,137
Net income before income taxes		4,070				4,326				1,013				1,089
Provision for income taxes		862				948				187				216
Net income after income taxes	$	3,208			$	3,378			$	826			$	873
Net income per common share, basic	$	1.29			$	1.38			$	0.33			$	0.35

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260123702233/en/

Ryan Dempster

Oregon Bancorp, Inc.

503-485-2222

bank@wvbk.com

Source: Oregon Bancorp, Inc.