{"schema_version":"secwatch.filing_event.v1","accession":"0000826154-23-000080","form_type":"8-K","ticker":"ORRF","cik":"0000826154","company_name":"ORRSTOWN FINANCIAL SERVICES INC","filed_at":"2023-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.370002+00:00","generated_at":"2026-06-16T17:49:29.148688+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Orrstown Q1 net income $9.2M ($0.87 EPS); NIM compresses, deposits grow","bullets":["Net income of $9.2M ($0.87 diluted EPS) in Q1 2023 vs $9.6M ($0.91) in Q4 2022 and $8.4M ($0.76) in Q1 2022.","Net interest margin (tax-equivalent) fell to 3.94% from 4.14% in Q4 2022; provision for credit losses was $0.7M under new CECL standard.","Tangible book value per share rose to $20.50 from $19.47 at Dec 31, 2022; total deposits increased $39.4M (6% annualized).","Commercial loan growth ex-PPP was $63.2M (15% annualized); company repurchased 54,262 shares at avg price $21.65.","Board declared a cash dividend of $0.20 per share, payable May 16, 2023 to holders of record May 9, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000826154-23-000080","json":"https://secwatch.observer/filing/0000826154-23-000080.json","markdown":"https://secwatch.observer/filing/0000826154-23-000080.md","text":"https://secwatch.observer/filing/0000826154-23-000080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/826154/000082615423000080/0000826154-23-000080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/826154/000082615423000080/orrf-20230425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T17:49:29.148688+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bbaf7fe32982d4241b1b189091fcc5d0d66263c2","claim":"ORRSTOWN FINANCIAL SERVICES INC reported the three months ended March 31, 2023 results: net income Net income of $9.2 million, EPS diluted earnings per share of $0.87.","evidence_excerpt":"Net income of $9.2 million and diluted earnings per share of $0.87 for the three months ended March 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/826154/000082615423000080/0000826154-23-000080-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Net income","value":"Net income of $9.2 million"},{"label":"EPS","value":"diluted earnings per share of $0.87"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}