Oregon Bancorp Announces Third Quarter Earnings

Third quarter 2025 net earnings of $1.1 million, or $0.46 per common share

Quarterly return on average assets of 1.0% and return on average equity of 6.1%

SALEM, Ore.--(BUSINESS WIRE)-- Oregon Bancorp, Inc. (OTCBB: ORBN), parent company of Willamette Valley Bank, reported third quarter 2025 net income of $1.1 million, or $0.46 per share, up from $719,000, or $0.29 per share, in the prior quarter. The Company’s return on average assets and return on average equity for the third quarter were 1.0% and 6.1%, respectively. Net interest margin improved to 3.8%, compared to 3.7% in the previous quarter.

The balance sheet remained relatively consistent during the quarter, however we did see an increase of $9.4 million in deposits and a $7.2 million decline in loans. Residential mortgage loan volume decreased 8% from $63 million in the second quarter to $58 million in the third quarter, reflecting seasonal trends and continued market headwinds. The Company’s Board of Directors declared a quarterly dividend of $0.20 per share, which was paid on October 15, 2025.

“While the broader economic outlook remains uncertain, our team continues to demonstrate resilience and adaptability,” said Ryan Dempster, President and CEO. “We remain focused on disciplined growth, maintaining strong credit quality, and delivering consistent value to our shareholders and the communities we serve.”

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 five 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)
	September 30,								June 30,
ASSETS		2025				2024				2025
Cash and short term investments	$	25,547			$	41,576			$	22,058
Securities available-for-sale, at fair value		104,558				102,570				102,996
Loans available for sale, at fair value		11,717				11,843				16,024
Loans:
Real estate		284,734				314,889				292,654
Commercial		7,836				7,144				8,119
Other		1,152				941				273
Deferred fees and costs		(581	)			(737	)			(604	)
Loan loss reserve		(3,055	)			(3,553	)			(3,191	)
Total net loans		290,086				318,684				297,251
Property and other assets		26,914				21,841				21,107
Total assets	$	458,822			$	496,514			$	459,436
LIABILITIES
Deposits:
Noninterest-bearing demand	$	32,976			$	33,439			$	31,272
Interest-bearing demand		88,577				89,433				87,692
Savings and money market		132,563				125,560				116,807
Certificates of deposit		83,181				94,534				92,100
Total deposits		337,297				342,966				327,871
Borrowings		37,000				69,000				48,000
Other liabilities		9,017				10,753				9,203
Total liabilities		383,314				422,719				385,074
SHAREHOLDERS' EQUITY		75,508				73,795				74,362
Total liabilities and shareholders' equity	$	458,822			$	496,514			$	459,436
Book value per common share	$	30.29			$	29.76			$	29.80

CONSOLIDATED STATEMENTS OF NET INCOME (Unaudited)
(Amounts in thousands except per share data)
	Nine Months Ending							Three Months Ending
	September 30, 2025				September 30, 2024			September 30, 2025				September 30, 2024
Interest income	$	18,561			$	18,626		$	6,370			$	6,852
Interest expense		6,507				6,909			2,172				2,772
Net interest income		12,054				11,717			4,198				4,080
Provision for loan losses		(189	)			397			(137	)			109
Net interest income after provision		12,243				11,320			4,335				3,971
Noninterest income		7,248				9,261			2,583				3,022
Noninterest expense		16,434				17,397			5,483				5,714
Net income before income taxes		3,057				3,184			1,435				1,279
Provision for income taxes		675				732			292				262
Net income after income taxes	$	2,382			$	2,452		$	1,143			$	1,017
Net income per common share, basic	$	0.96			$	0.99		$	0.46			$	0.41

 

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Ryan Dempster

Oregon Bancorp, Inc.

503-485-2222

bank@wvbk.com

Source: Oregon Bancorp, Inc.