Oregon Bancorp reports community-bank developments as the parent company of Willamette Valley Bank, a Salem, Oregon-based bank serving commercial and retail customers through branches in Salem, Keizer, Silverton and Albany. Recurring updates cover quarterly earnings, net interest margin, loan and deposit trends, borrowings, asset quality, capital levels and board-declared cash dividends. Company news also includes operating changes at Willamette Valley Bank, including the wind-down of residential mortgage lending and continued emphasis on commercial banking and core customer banking services in the Willamette Valley.
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Oregon Bancorp, Inc. (OTC-PINK: ORBN) announced a net income of $1.3 million, or $0.55 per share for Q1 2023, reflecting a decrease from $2.6 million in Q1 2022. The company reported a return on average assets of 1.4% and a return on average equity of 7.3%. Total assets decreased by $6.8 million (1.7%) during the quarter, primarily due to a $7.7 million drop in deposits. Despite this, commercial loan balances increased by $10.8 million. The company maintained strong asset quality and capital, allowing a quarterly dividend of $0.52 per share on April 17, 2023.
The Board of Directors of Oregon Bancorp declared a quarterly dividend of $0.52 per share, payable on April 17, 2023, to shareholders of record as of April 3, 2023. Oregon Bancorp is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon, with four full-service branches and 13 Home Loan Centers across Oregon, Washington, and Idaho. This dividend reflects the company's commitment to returning value to shareholders while maintaining its banking operations effectively.
Oregon Bancorp, Inc. (OTCBB: ORBN) reported fourth quarter 2022 net earnings of $1.3 million, equating to $0.52 per common share, a decline from $4.0 million in Q4 2021. The annual earnings totaled $6.7 million with a return on average assets of 1.2% and return on average equity of 6.9%. Total assets fell 4.9%, primarily due to a $22.8 million drop in deposits, although commercial loans increased by $3.4 million. The Board declared a $0.52 quarterly dividend on January 17, 2023. CEO Ryan Dempster noted that rising interest rates have affected mortgage financing demand, but net interest margins improved.
The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN) has declared a quarterly dividend of $0.52 per share, payable on January 17, 2023, to shareholders of record as of January 3, 2023. This decision reflects the company's ongoing commitment to return value to its shareholders. Oregon Bancorp is the parent company of Willamette Valley Bank, which operates several branches across Oregon. The bank engages in a range of commercial and retail banking activities, enhancing its position in the local community.
Oregon Bancorp, Inc. (OTCBB: ORBN) reported a net income of $1.4 million for Q3 2022, down from $5.7 million in Q3 2021. This led to a return on average assets of 1.3% and a return on average equity of 7.8%. Year-to-date net income reached $5.5 million, with a return on average assets of 1.8% and equity of 10.4%. Total assets rose by $6.1 million (1.5%), driven by a $7.8 million (3.1%) increase in commercial loans. Non-performing assets totaled $1.3 million (1.7% of total capital). A quarterly dividend of $0.52 per share was distributed on October 14, 2022.
The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN) has declared a quarterly dividend of $0.52 per share. This dividend is scheduled for payment on October 14, 2022, to shareholders who are on record as of October 3, 2022. Oregon Bancorp is the parent company of Willamette Valley Bank, which operates in Salem, Keizer, Silverton, and Albany, Oregon, alongside 13 Home Loan Centers across Oregon, Washington, and Idaho.
Oregon Bancorp, Inc. (OTCBB: ORBN) reported a net income of $1.5 million for Q2 2022, declining from $5.4 million in Q2 2021. The company maintained a return on average assets of 1.4% and an average equity return of 8.0%. Total assets rose by $8.9 million (2.1%) from the previous quarter, driven by a $21.9 million increase in cash and short-term investments. Non-performing assets accounted for 1.72% of total capital. Despite rising mortgage rates affecting lending, $228 million in mortgage loans were funded, and a quarterly dividend of $0.52 per share was declared.
The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN) has declared a quarterly dividend of $0.52 per share. This dividend is set to be paid on July 15, 2022, to shareholders of record as of July 1, 2022. Oregon Bancorp, the parent company of Willamette Valley Bank, operates four full-service branches in Oregon and also runs 13 Home Loan Centers across Oregon, Washington, and Idaho. This dividend reflects the company’s commitment to returning value to its shareholders.
Oregon Bancorp, Inc. (OTCBB: ORBN) reported a net income of $2.6 million for Q1 2022, a decline from $7.3 million in Q1 2021. The quarterly return on average assets was 2.5% and return on average equity 14.0%. Total assets decreased slightly to $407 million. Despite a decrease in mortgage loans held-for-sale due to lower demand, the company's asset quality and capital position remained strong, allowing for a special dividend of $2.00 per share and a quarterly dividend of $0.52 per share. Management remains optimistic about financial performance relative to peers.