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 [phone] 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