{"id":424667,"date":"2021-01-29T09:33:27","date_gmt":"2021-01-29T14:33:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=424667"},"modified":"2021-01-29T09:33:27","modified_gmt":"2021-01-29T14:33:27","slug":"oregon-bancorp-reports-quarterly-and-annual-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oregon-bancorp-reports-quarterly-and-annual-results\/","title":{"rendered":"Oregon Bancorp Reports Quarterly and Annual Results"},"content":{"rendered":"

<\/p>\n

Oregon Bancorp Reports Quarterly and Annual Results<\/b><\/p>\n

Fourth quarter net earnings increased 159% to $8.0 million, or $3.37 per common share<\/b><\/p>\n

Full-year net earnings increased 146% to $28.3 million, or $12.00 per common share<\/b><\/p>\n

Annual loan growth of 23% or $41.5 million, and deposit growth of 21% or $46.8 million<\/b><\/p>\n

Annual residential mortgage loan volume of $1.67 billion<\/b><\/p>\n

SALEM, Ore.–(BUSINESS WIRE<\/a>)–
\nOregon Bancorp, Inc. (OTCBB: ORBN) (the \u201cCompany\u201d), parent company of Willamette Valley Bank, reported net income of $8.0 million for the fourth quarter of 2020 compared to $3.1 million during the fourth quarter of 2019. Earnings per share for the quarter were $3.37 compared to $1.32 for the same quarter a year ago. The Company also increased its quarterly cash dividend from $0.11 to $0.26 per share during December.\n<\/p>\n

\nYear-to-date net income rose to $28.3 million in 2020, an increase of 146% from last year and representing a new high for the Company. Return on average assets for the year reached 8.55% compared to 4.47% in 2019 and return on average equity for the year was 60.72% compared to 35.63% in the prior year. Total assets improved from $269.5 million on December 31, 2019 to $395.9 million on December 31, 2020.\n<\/p>\n

\nAsset quality remains solid with past due loans equaling 0.14% of total loans and non-performing loans as a percentage of total loans measuring 0.38%. Strong earnings have increased the Company\u2019s ratio of equity to total assets to 15.85%.\n<\/p>\n

\n\u201cWe are pleased with the financial success that occurred during an unprecedented time in history that included significant economic distress caused by the COVID-19 pandemic,\u201d stated Ryan Dempster, President and Chief Executive Officer. \u201cThere were many financial highlights during the year, including record earnings and mortgage originations, and good commercial loan and deposit growth. An equally rewarding achievement, however, was our ability to inject $25.9 million into our economy by participating in the U.S. Small Business Administration\u2019s Paycheck Protection Program, which helped save thousands of jobs and aid our economy during this challenging time in history.\u201d\n<\/p>\n

About Oregon Bancorp, Inc.<\/span><\/b><\/p>\n

\nOregon 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<\/a>.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
CONSOLIDATED BALANCE SHEETS<\/b><\/td>\n<\/tr>\n
Unaudited<\/b><\/td>\n<\/tr>\n
\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\nDecember 31,<\/b><\/td>\n\n\nSeptember 30,<\/b><\/td>\n<\/tr>\n
Summary Statements of Condition<\/b><\/td>\n\n

2020<\/b><\/p>\n<\/td>\n

\n\n

2019<\/b><\/p>\n<\/td>\n

\n\n\n

2020<\/b><\/p>\n<\/td>\n<\/tr>\n

Cash and short term investments<\/td>\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n27,875,749\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n17,613,486\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n22,088,990\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Investments<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n–\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Loans:<\/td>\n\n\n\n\n\n<\/tr>\n
Commercial<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n32,319,726\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n12,424,690\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n36,933,533\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Commercial real estate<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n190,211,867\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n164,792,981\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n191,328,447\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Other<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,628,336\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,216,716\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,576,022\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Unearned income<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(729,309\n<\/p>\n<\/td>\n

\n

\n)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(172,180\n<\/p>\n<\/td>\n

\n

\n)\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(913,132\n<\/p>\n<\/td>\n

\n

\n)\n<\/p>\n<\/td>\n<\/tr>\n

Loan and lease loss reserve<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(2,482,430\n<\/p>\n<\/td>\n

\n

\n)\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(1,814,818\n<\/p>\n<\/td>\n

\n

\n)\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n(2,434,858\n<\/p>\n<\/td>\n

\n

\n)\n<\/p>\n<\/td>\n<\/tr>\n

Total net loans<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n220,948,190\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n179,447,389\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n228,490,012\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Loans available for sale<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n125,738,282\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n58,751,727\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n113,322,565\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Property and other assets<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n21,327,032\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n13,669,164\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n20,442,443\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Total assets<\/td>\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n395,889,253\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n269,481,766\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n384,344,010\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Deposits:<\/td>\n\n\n\n\n\n<\/tr>\n
Noninterest-bearing demand<\/td>\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n26,880,774\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n39,435,130\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n26,843,325\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Interest-bearing demand<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n72,519,591\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n26,855,835\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n64,416,006\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Savings and Money Market<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n97,177,179\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n54,654,082\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n91,600,189\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Certificates of deposit<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n72,109,879\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n100,894,321\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n73,520,599\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Total deposits<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n268,687,423\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n221,839,368\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n256,380,119\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Borrowings<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n48,500,316\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n840,924\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n57,830,155\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Other liabilities<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n15,972,396\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8,405,847\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n14,934,249\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Shareholders’ equity<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n62,729,118\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n38,395,627\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n55,199,487\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

Total liabilities and shareholders’ equity<\/td>\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n395,889,253\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n269,481,766\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n384,344,010\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Book value per share<\/td>\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n26.55\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n16.54\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n23.37\n<\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

CONSOLIDATED STATEMENTS OF NET INCOME<\/b><\/p>\n<\/td>\n<\/tr>\n

Unaudited<\/b><\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\nYear-to-Date<\/b><\/td>\n\n\nThree Months Ending<\/b><\/td>\n<\/tr>\n
\nDecember 31, 2020<\/b><\/td>\n\nDecember 31, 2019<\/b><\/td>\n\n\nDecember 31, 2020<\/b><\/td>\n\nDecember 31, 2019<\/b><\/td>\n<\/tr>\n
Interest income<\/td>\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n13,570,987\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n12,134,009\n<\/p>\n<\/td>\n

\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n3,765,735\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n3,064,676\n<\/p>\n<\/td>\n<\/tr>\n

Interest expense<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,903,011\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,376,925\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n371,615\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n619,677\n<\/p>\n<\/td>\n<\/tr>\n

Net interest income<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n11,667,976\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9,757,084\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,394,120\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,444,999\n<\/p>\n<\/td>\n<\/tr>\n

Less Provision for loan losses<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n657,321\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n328,000\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n45,000\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n138,000\n<\/p>\n<\/td>\n<\/tr>\n

Net interest income after provision<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n11,010,655\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9,429,084\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,349,120\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,306,999\n<\/p>\n<\/td>\n<\/tr>\n

Noninterest income<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n89,722,584\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n45,839,886\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n25,343,622\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n12,399,571\n<\/p>\n<\/td>\n<\/tr>\n

Noninterest expense<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n62,771,336\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n39,902,657\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n18,050,006\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n10,623,829\n<\/p>\n<\/td>\n<\/tr>\n

Net income before income taxes<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n37,961,903\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n15,366,313\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n10,642,736\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4,082,741\n<\/p>\n<\/td>\n<\/tr>\n

Provision for income taxes<\/td>\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9,670,191\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3,859,118\n<\/p>\n<\/td>\n

\n\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2,691,815\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1,013,571\n<\/p>\n<\/td>\n<\/tr>\n

Net income after income taxes<\/td>\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n28,291,712\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n11,507,195\n<\/p>\n<\/td>\n

\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n7,950,921\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n3,069,170\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Net income per share, basic<\/td>\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n12.00\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n4.98\n<\/p>\n<\/td>\n

\n\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n3.37\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n1.32\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Certain statements in this release may be deemed \u201cforward-looking statements\u201d. 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.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210129005120\/en\/<\/a><\/span><\/p>\n

Ryan Dempster
\n<\/span>
Oregon Bancorp, Inc.
\n<\/span>
503-485-2222
\n<\/span>
bank@wvbk.com<\/span><\/a><\/p>\n

KEYWORDS:<\/b> United States North America Oregon<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Oregon Bancorp Reports Quarterly and Annual Results Fourth quarter net earnings increased 159% to $8.0 million, or $3.37 per common share Full-year net earnings increased 146% to $28.3 million, or $12.00 per common share Annual loan growth of 23% or $41.5 million, and deposit growth of 21% or $46.8 million Annual residential mortgage loan volume of $1.67 billion SALEM, Ore.–(BUSINESS WIRE)– Oregon Bancorp, Inc. (OTCBB: ORBN) (the \u201cCompany\u201d), parent company of Willamette Valley Bank, reported net income of $8.0 million for the fourth quarter of 2020 compared to $3.1 million during the fourth quarter of 2019. Earnings per share for the quarter were $3.37 compared to $1.32 for the same quarter a year ago. The Company also increased its quarterly … <\/p>\n

Continue reading “Oregon Bancorp Reports Quarterly and Annual Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-424667","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOregon Bancorp Reports Quarterly and Annual Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oregon-bancorp-reports-quarterly-and-annual-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oregon Bancorp Reports Quarterly and Annual Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Oregon Bancorp Reports Quarterly and Annual Results Fourth quarter net earnings increased 159% to $8.0 million, or $3.37 per common share Full-year net earnings increased 146% to $28.3 million, or $12.00 per common share Annual loan growth of 23% or $41.5 million, and deposit growth of 21% or $46.8 million Annual residential mortgage loan volume of $1.67 billion SALEM, Ore.–(BUSINESS WIRE)– Oregon Bancorp, Inc. (OTCBB: ORBN) (the \u201cCompany\u201d), parent company of Willamette Valley Bank, reported net income of $8.0 million for the fourth quarter of 2020 compared to $3.1 million during the fourth quarter of 2019. Earnings per share for the quarter were $3.37 compared to $1.32 for the same quarter a year ago. 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