Oregon Bancorp Announces Quarterly Earnings

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Second quarter 2026 net earnings of $0.6 million, or $0.24 per common share
Quarterly return on average assets of 0.5% and return on average equity of 3.2%
Year-to-date earnings of $1.0 million, or $0.41 per common share

SALEM, Ore.--(BUSINESS WIRE)-- Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, reported net income of $604 thousand, or $0.24 per share, for the second quarter of 2026. The Company generated a return on average assets of 0.5% and a return on average equity of 3.2%, compared to net income of $431 thousand, or $0.17 per share, for the first quarter of 2026.

For the six months ending June 30, 2026, the Company earned $1.0 million, or $0.41 per common share, compared to $1.2 million, or $0.50 per common share, during the same period in 2025. This performance represents an annualized return on average assets of approximately 0.5% and an annualized return on average equity of approximately 2.7%.

The Company’s balance sheet strengthened during the quarter, with total assets increasing $19.6 million to $465.4 million at June 30, 2026. Total deposits increased $23.0 million to $358.4 million, while net loans grew $8.9 million to $300.3 million. Asset quality and capital levels remain strong, with shareholders’ equity totaling $76.1 million and book value per common share of $30.44. The Board of Directors declared a $0.20 per share quarterly cash dividend continuing the Company’s long-standing commitment to providing value to shareholders.

Ryan Dempster, President and CEO, commented, “Despite continued uncertainty stemming from geopolitical conflicts, trade tensions, and inflationary pressures, the Company delivered a solid quarter with improved earnings and strong growth in loans and deposits. As the remaining operating expenses related to the Mortgage Banking Department largely subside, we expect core earnings to strengthen in the periods ahead.”

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. 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)
	June 30,								March 31,
ASSETS		2026				2025				2026
Cash and short term investments	$	41,268			$	22,058			$	30,900
Securities available-for-sale, at fair value		105,221				102,996				103,310
Loans available for sale, at fair value		-				16,024				1,282
Loans:
Real estate		292,388				292,654				284,353
Commercial		11,283				8,119				10,326
Other		231				273				233
Deferred fees and costs		(562	)			(604	)			(572	)
Allowance for credit losses		(3,069	)			(3,191	)			(2,979	)
Total net loans		300,271				297,251				291,361
Property and other assets		18,662				21,107				19,016
Total assets	$	465,422			$	459,436			$	445,869
LIABILITIES
Deposits:
Noninterest-bearing demand	$	38,285			$	31,272			$	32,184
Interest-bearing demand		100,159				87,692				88,575
Savings and money market		140,428				116,807				139,409
Certificates of deposit		79,552				92,100				75,229
Total deposits		358,424				327,871				335,397
Borrowings		24,000				48,000				27,000
Other liabilities		6,864				9,203				7,426
Total liabilities		389,288				385,074				369,823
SHAREHOLDERS' EQUITY		76,134				74,362				76,049
Total liabilities and shareholders' equity	$	465,422			$	459,436			$	445,872
Book value per common share	$	30.44			$	29.80			$	30.53

CONSOLIDATED STATEMENTS OF NET INCOME (Unaudited)
(Amounts in thousands except per share data)
	Six Months Ending							Three Months Ending
	June 30, 2026			June 30, 2025				June 30, 2026			June 30, 2025
Interest income	$	12,156		$	12,191			$	6,165		$	6,152
Interest expense		3,675			4,335				1,840			2,112
Net interest income		8,481			7,856				4,325			4,040
Provision (benefit) for credit losses		113			(52	)			91			(121	)
Net interest income after provision		8,368			7,908				4,234			4,161
Noninterest income		1,381			4,665				360			2,504
Noninterest expense		8,399			10,951				3,814			5,753
Net income before income taxes		1,350			1,622				780			912
Provision for income taxes		315			383				176			193
Net income after income taxes	$	1,035		$	1,239			$	604		$	719
Net income per common share, basic	$	0.41		$	0.50			$	0.24		$	0.29

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260717437143/en/

Ryan Dempster
Oregon Bancorp, Inc.
503-485-2222
bank@wvbk.com

Source: Oregon Bancorp, Inc.