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Oregon Bancorp Inc (symbol: ORBN) is a financial services holding company based in Oregon. The company primarily engages in commercial banking services through its subsidiary, Willamette Valley Bank. Its core business operations include offering a wide range of financial products and services to individual and commercial customers.
Oregon Bancorp takes pride in providing community-focused banking solutions, including personal and business loans, mortgages, and various deposit accounts. The company has established itself as a reliable partner for both personal and professional financial needs, ensuring customer satisfaction through personalized service and innovative banking solutions.
Recent achievements of Oregon Bancorp include significant growth in its loan portfolio and an increase in its deposit base, reflecting customer trust and satisfaction. The company is also actively engaged in several community development projects, demonstrating its commitment to the growth and development of the regions it serves.
Financially, Oregon Bancorp maintains a strong and stable condition, showcasing consistent profitability and robust capital reserves. The company continues to explore new partnerships and expand its product offerings to meet the evolving needs of its customers.
For investors and stakeholders, Oregon Bancorp's performance is an indicator of its strategic vision and effective management. The company's recent endeavors are aimed at enhancing shareholder value while maintaining a strong focus on community banking principles.
Stay tuned for the latest news and updates from Oregon Bancorp, Inc. to keep abreast of the company's performance, events, and significant developments.
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.
The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN) announced a quarterly dividend of $0.52 per share, payable on April 15, 2022, to shareholders of record as of April 1, 2022. Oregon Bancorp is the parent company of Willamette Valley Bank, providing commercial and retail banking services across multiple locations in Oregon. This dividend reflects the company's ongoing commitment to returning value to its shareholders.
Oregon Bancorp, Inc. (OTC-PINK:ORBN) has declared a special cash dividend of $2.00 per share, payable on March 14, 2022, for shareholders on record as of February 28, 2022. This marks the sixth consecutive annual special dividend, reflecting the company's successful financial performance in 2021. CEO Ryan Dempster emphasized that the bank's strong earnings and balance sheet enable it to return a significant portion of earnings to shareholders while maintaining sufficient capital for future growth.
Oregon Bancorp, Inc. (OTCBB: ORBN) reported a net income of $4.0 million for Q4 2021, translating to $1.65 per common share and resulting in a return on average assets of 3.9% and return on average equity of 21.3%. This reflects a decrease from $8.0 million in Q4 2020. The bank's residential mortgage loan production totaled $348 million, down from $509 million a year ago. Total assets rose by $7.3 million, attributed to a $6.0 million increase in deposits. Commercial loans grew 23.1% annually, excluding PPP loan effects, while expectations of rising interest rates could affect mortgage refinancing.
The Board of Directors of Oregon Bancorp (OTCBB: ORBN) has declared a quarterly dividend of $0.52 per share, payable on January 18, 2022. Shareholders of record as of January 3, 2022 will receive this dividend. Oregon Bancorp is the parent company of Willamette Valley Bank, which operates four branches in Oregon and 13 Home Loan Centers across Oregon, Washington, and Idaho.
Oregon Bancorp, Inc. (OTCBB: ORBN) reported net earnings of $5.7 million for Q3 2021, translating to $2.35 per share, with a return on average assets of 5.8% and return on average equity of 32.0%. This is a decrease from $10.4 million in Q3 2020. Residential mortgage loan production fell to $400.4 million from $500.0 million in the previous year. Total assets grew by $24.1 million, supported by a $20.3 million rise in deposits. The quarterly dividend was increased from $0.26 to $0.52 per share.
The Board of Directors of Oregon Bancorp (OTCBB: ORBN) has announced a quarterly dividend of $0.52 per share, marking a significant increase of 100% from the previous dividend of $0.26. This dividend is scheduled for payment on October 15, 2021, to shareholders recorded as of October 1, 2021. Oregon Bancorp is the parent company of Willamette Valley Bank, which operates four full-service branches in Oregon and multiple Home Loan Centers.
Oregon Bancorp, Inc. (OTCBB: ORBN) reported net income of $5.4 million for Q2, reflecting a 5.8% return on average assets and a 33.2% return on average equity. This results represent a drop from $7.5 million in Q2 2020. Residential mortgage loan production fell by 5% to $407.9 million, affecting noninterest income. Total assets increased by $2.3 million, largely due to a $6.5 million rise in deposits. The company announced a $0.26 per share dividend payable on July 15, 2021, and anticipates further growth as the economy recovers.
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