Oregon Bancorp Inc (PK) (ORBN) ニュース

$ORBN Oregon Bancorp Announces Quarterly DividendPress Release | 06/17/2022

The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN), parent company of Willamette Valley Bank, declared a quarterly dividend of $0.52 per share. The dividend is payable on July 15, 2022 to shareholders of record as of July 1, 2022.

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 13 Home Loan Centers located in Oregon, Washington, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220617005465/en/

$ORBN Oregon Bancorp Announces Quarterly DividendPress Release | 03/18/2022

The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN), parent company of Willamette Valley Bank, declared a quarterly dividend of $0.52 per share. The dividend is payable on April 15, 2022 to shareholders of record as of April 1, 2022.

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 13 Home Loan Centers located in Oregon, Washington, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220318005018/en/

News: $ORBN Oregon Bancorp Announces Second Quarter Earnings

Second quarter 2019 net earnings of $3.3 million, or $1.45 per common share Quarterly net earnings increased $1,019,488, or 44% Quarterly Return on Assets grew to 5.21% and Return on Equity reached 45.02% Year-over-Year loan growth of 16% or $23 million and deposit growth of ...

Find out more Oregon Bancorp Announces Second Quarter Earnings

News: $ORBN Neil Grossnicklaus, Chief Executive Officer of Oregon Bancorp, to Retire August 1, 2019

Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, announced today the retirement of Neil Grossnicklaus effective August 1, 2019. Mr. Grossnicklaus has served as President and Chief Executive Officer of the Bank since 2002. Ryan Dempste...

In case you are interested Neil Grossnicklaus, Chief Executive Officer of Oregon Bancorp, to Retire August 1, 2019

News: $ORBN Oregon Bancorp Announces First Quarter Earnings

First quarter 2019 net earnings of $1.6 million, or $0.71 per common share Quarterly net earnings increased $399,431, or 33% Year-over-Year loan growth of 19% or $26 million and deposit growth of 20% or $38 million Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company ...

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ORBN Forward Split 2 for 1

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Oregon Bancorp, Inc. (ORBN) Declares $1.20 Special Cash Dividend; 3.9% Yield

February 23, 2018 1:09 PM

Oregon Bancorp, Inc. (: ORBN) declared a special dividend of $1.20 per share.

The dividend will be payable on March 15, 2018, to stockholders of record on March 1, 2018, with an ex-dividend date of February 28, 2018.

Marker:
Oregon Bancorp, Inc. (ORBN)
$33.99 up 3.192 (10.36%)
Volume: 6,463

Oregon Bancorp Reports Record Third Quarter Earnings

SALEM, Ore.--(BUSINESS WIRE)-- Oregon Bancorp, Inc., parent company of Willamette Valley Bank (OTCBB: ORBN), reported net income for the third quarter of 2017 of $1.96 million which is up 36% from $1.44 million during the same quarter of the previous year. Earnings per share for the quarter were $1.76 which is an increase of 33% over the same quarter a year ago. The company declared a cash dividend of $0.15 per share during the quarter.

Return on average assets (ROAA) for the third quarter reached 4.00% compared to 3.27% in 2016. Return on average equity (ROAE) for the quarter was 36.81% compared to 30.97% for the year ago period. Net interest margin of 4.06% compares favorably to peer and total assets rose to $204 million from $179 million a year ago. Year-to-date income rose to $4.2 million reflecting an ROAA of 3.00% and a 25.66% ROAE and representing a new high.

“Commercial loan growth and continued strong mortgage banking revenues are the primary drivers in third quarter results,” Neil Grossnicklaus, President and CEO stated. “We are pleased to see economic conditions improving in our primary markets driving the increased business loan originations.”

“Robust mortgage loan demand led primarily by home purchase activity resulted in record originations in our mortgage business line”, commented Ryan Dempster, Chief Financial Officer. “The bank generated $188.7 million in new loan volume during the quarter which is an increase of 37% over a year ago. Improved market share offset slightly higher loan rates compared to last year.”

Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The Bank operates full-service Oregon branches in Salem, Keizer, Silverton, and Albany. The Bank also operates Home Loan Centers in Ashland, Bend, Eugene, Grants Pass, Medford, Portland, Tualatin, and Wilsonville, Oregon, Spokane and Vancouver, Washington, and Coeur d’Alene, Meridian, Nampa, and Priest River, Idaho.

QUARTERLY FINANCIAL REPORT - SEPTEMBER 2017
Unaudited Unaudited
Summary Statements of Condition September 30, 2017 September 30, 2016
Cash and short term investments $ 26,129,480 $ 18,010,718
Investments - 44,576
Loans:
Commercial 7,791,936 6,134,336
Commercial real estate 127,477,891 100,801,068
Other 4,311,825 2,921,115
Loan loss reserve and unearned income (1,569,262 ) (1,629,508 )
Total net loans 138,012,390 108,227,011
Loans available for sale 32,058,628 43,856,928
Property and other assets 8,059,626 9,049,508
Total assets $ 204,260,124 $ 179,188,741

Deposits:
Noninterest-bearing demand $ 30,715,769 $ 30,131,269
Interest-bearing demand 14,315,811 10,698,557
Savings and Money Market 46,533,222 46,813,491
Certificates of deposit 74,463,022 67,695,936
Total deposits 166,027,824 155,339,253
Other liabilities 15,513,863 4,668,675
Shareholders' equity 22,718,437 19,180,813
Total liabilities and shareholders' equity $ 204,260,124 $ 179,188,741

Book value per share $ 20.43 $ 17.70


Unaudited Unaudited
Summary Statements of Income

Year-to-Date
September 30, 2017


Year-to-Date
September 30, 2016
Interest income $ 6,022,324 $ 5,446,366
Interest expense 709,621 693,306
Net interest income 5,312,703 4,753,060
Provision for loan losses - -
Noninterest income 22,264,655 16,223,314
Noninterest expense 20,774,323 16,064,052
Net income before income taxes 6,803,035 4,912,322
Provision for income taxes 2,613,281 1,755,224
Net income after income taxes $ 4,189,754 $ 3,157,098

Year-to-Date Net income per share, basic $ 3.77 $ 2.93

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Oregon Bancorp, Inc.
Neil Grossnicklaus, 503-763-6351

Source: Oregon Bancorp, Inc.

Oregon Bancorp Reports 2017 Second Quarter Earnings


SALEM, Ore.--(BUSINESS WIRE)--July 20, 2017--
Oregon Bancorp, Inc., parent company of Willamette Valley Bank (OTCBB: ORBN), reported net income for the second quarter of 2017 of $1.42 million which is up 36% from $1.05 million during the same quarter of the previous year. Earnings per share for the quarter were $1.28. The company declared a cash dividend of $0.15 per share during the quarter.

Return on average assets for the second quarter reached 3.07% compared to 2.04% in 2016. Return on average equity for the quarter was 28.17% compared to 19.67% for the year ago period. Net interest margin of 4.29% compares favorably to peer and total assets rose to $193.1 million from $172.7 million a year ago.

"Commercial loan growth and continued strong mortgage banking revenues are the primary drivers in second quarter results," Neil D. Grossnicklaus, President and CEO stated. "While interest rates have moved upward slightly, this has been offset by improvements in local economic conditions.

"Our continued business loan growth has also been aided by consolidation in the industry. We remain focused on individualized banking solutions to our small business customers. The impact of the millennial generation on home purchases is being realized and in-migration into the area continues."

Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The Bank operates full-service Oregon branches in Salem, Keizer, Silverton, and Albany. The Bank also operates Home Loan Centers in Ashland, Bend, Eugene, Grants Pass, Medford, Portland, Tualatin, and Wilsonville, Oregon, Spokane and Vancouver, Washington, and Coeur d'Alene, Meridian, Nampa, and Priest River, Idaho.





QUARTERLY FINANCIAL

REPORT - JUNE 2017

Unaudited Unaudited

Summary Statements of

Condition June 30, 2017 June 30, 2016

-------------------- ---------------------

Cash and short term

investments $ 16,949,869 $ 16,852,789

Investments - 57,777

Loans:

Commercial 6,564,065 5,952,531

Commercial real estate 121,525,738 101,994,471

Other 3,251,323 2,797,777

Loan loss reserve and

unearned income (1,570,740) (1,610,901)

--------------- --------------

Total net loans 129,770,386 109,133,878

Loans available for sale 36,698,460 37,244,871

Property and other assets 10,242,438 9,445,696

--------------- --------------

Total assets $ 193,661,153 $ 172,735,011

=============== ==============



Deposits:

Noninterest-bearing

demand $ 28,872,468 $ 26,646,014

Interest-bearing demand 12,718,803 10,314,677

Savings and Money

Market 47,978,714 41,015,880

Certificates of deposit 60,926,013 68,120,173

--------------- --------------

Total deposits 150,495,998 146,096,744

Other liabilities 22,350,041 8,628,984

Shareholders' equity 20,815,114 18,009,283

--------------- --------------

Total liabilities and

shareholders'

equity $ 193,661,153 $ 172,735,011

=============== ==============



Book value per share $ 18.73 $ 16.62





Unaudited Unaudited

Summary Statements of Six Months Ending Six Months Ending

Income June 30, 2017 June 30, 2016

-------------------- ---------------------

Interest income $ 3,792,320 $ 3,598,952

Interest expense 434,967 450,298

--------------- --------------

Net interest income 3,357,353 3,148,654

Provision for loan

losses - -

Noninterest income 13,242,132 9,652,277

Noninterest expense 13,034,733 10,078,381

--------------- --------------

Net income before

income taxes 3,564,752 2,722,550

Provision for income

taxes 1,332,603 1,005,326

--------------- --------------

Net income after income

taxes $ 2,232,149 $ 1,717,224

=============== ==============



Year-to-Date Net

income per share,

basic $ 2.03 $ 1.59



View source version on businesswire.com: http://www.businesswire.com/news/home/20170720006157/en/



CONTACT: Oregon Bancorp, Inc.

Neil Grossnicklaus, 503-763-6351



SOURCE: Oregon Bancorp, Inc.

Copyright Business Wire 2017



(END) Dow Jones Newswires

July 20, 2017 14:34 ET (18:34 GMT)