Orrstown Bank

Headquarters

77 East King Street
Shippensburg, PA 17257
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.00% →
1-Year CD 0.25% 0.95% →
2-Year CD 0.35% 1.05% →
5-Year CD 0.50% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Orrstown Bank is an FDIC insured institution located in Shippensburg, PA. It was founded in 1919 and has approximately $2.39 billion in assets. Customers can open an account at one of its 27 branches.

FDIC Insured Yes
FDIC Certificate # 713
Date Established 1919
Assets $ 2.39 billion
Loans $ 1,649.05 million
Deposits $ 1,907.34 million
Capital $ 231.50 million
 

For a more detailed analysis of Orrstown Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
Premium Money Market Account
0.20% $10,000 $14,999 Learn More
Premium Money Market Account
0.25% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
Special: 7 Mo CD
0.60% $2,000 - Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.40% $100,000 $199,999 Learn More
48 Mo CD
0.40% $10,000 $14,999 Learn More
48 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 7 Mo FIRA
0.60% $2,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.25% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Orrstown Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Orrstown Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Orrstown Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Orrstown Bank Locations


Financial Details

Orrstown Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Orrstown Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Orrstown Bank U.S. Bank Average
6.2% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Orrstown Bank had $9,921,000 in non-current loans and $5,413,000 in owned real estate. To cover these potential losses it had $231,495,000 in equity and $15,803,000 in loans loss reserves. That gives it a Texas Ratio of 6.2%.

Return on Equity
Orrstown Bank U.S. Bank Average
10.26% 7.80%

Orrstown Bank has a Return on Equity of 10.26% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Orrstown Bank U.S. Bank Average
9.7% 12.68%

Orrstown Bank has a Capitalization of 9.7% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Orrstown Bank Balance Sheet Analysis

As of March 31, 2020, Orrstown Bank had assets of $2,385,843,000, loans of $1,649,045,000, and deposits of $1,907,336,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 57.14 million
Interest-bearing balances $ 23.16 million
Total securities $ 479.50 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,649.05 million
Loan loss allowance $ 15.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 5.41 million
Goodwill and other intangibles $ 28.55 million
All other assets $ 129.11 million
     Total Assets $ 2.15 billion
LIABILITIES
Total deposits $ 1,907.34 million
      Interest-bearing deposits $ 1,639.43 million
      Deposits held in domestic offices $ 1,907.34 million
      % insured (estimated) 85.54%
Federal funds purchased and repurchase agreements $ 10.93 million
Trading liabilities N.A.
Other borrowed funds $ 201.17 million
Subordinated debt N.A.
All other liabilities $ 34.91 million
      Total Liabilities $ 2.15 billion
      Shareholders’ Equity $ 231.50 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 23.97 million
Total Interest Expense $ 5.24 million
Net interest income $ 18.73 million
Provision for loan and lease losses $ 0.93 million
Total non interest income $ 7.05 million
Total non interest expense $ 17.47 million
Pre-tax Net Operating Income $ 7.38 million

Bank Loan Profile?

The top three loan types in Orrstown Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Orrstown Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 38.21
Multifamily
Mortgages
6.54
Credit Card Loans 0.00
Consumer Auto Loans 1.70
Small Business Loans 6.93
Construction and Development Loans 3.78
Commercial Real Estate 33.14
Commercial and Industrial Loans 11.64
Farm Loans 0.09

Frequently Asked Questions About Orrstown Bank

Branches and Savings

Is Orrstown Bank FDIC insured?

Yes. It is covered under FDIC Certificate #713.

Why does Orrstown Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Orrstown Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Orrstown Bank a commercial bank?

Yes

Where are Orrstown Bank locations?

See branch locations nearby.

Is Orrstown Bank open on Saturdays?

Is Orrstown Bank open on Sundays?

What time does Orrstown Bank open?

What time does Orrstown Bank close?

Are Orrstown Bank ATMs Open 24/7?

Do Orrstown Bank ATMs accept cash deposits?

Can Orrstown Bank customers use other ATMs?

Do Orrstown Bank branches have notaries?

Will Orrstown Bank notarize my document?

What address for Orrstown Bank should I put for incoming ACH transfers?

Will the Orrstown Bank branch print checks?

Do Orrstown Bank checks expire?

Does Orrstown Bank require US citizenship to open account?

Can Orrstown Bank close my account?

Does Orrstown Bank Report to credit bureaus?

Does Orrstown Bank Use Equifax?

What is Orrstown Bank's ACH Routing Number?

What is Orrstown Bank's SWIFT code?

Products

Does Orrstown Bank offer mortgages?

Compare mortgage rates here.

Does Orrstown Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Orrstown Bank offer personal loans?

Compare personal loan rates here.

Does Orrstown Bank offer student loans?

Will Orrstown Bank cash a check?

Will Orrstown Bank redeem a savings bond?

Does Orrstown Bank cash savings bonds?

Will Orrstown Bank cash money orders?

Can Orrstown Bank issue a money order?

Does Orrstown Bank do currency exchange?

Background on The Bank

Who owns Orrstown Bank?

How long has Orrstown Bank been around?

Can Orrstown Bank transfer to other banks?

Does Orrstown Bank have quick pay?

Does Orrstown Bank accept rolled coins?

Will Orrstown Bank accept loose change?

Where is Orrstown Bank headquarters?

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