secwatch.observer — SEC 8-K summary
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Issuer:     Orange County Bancorp, Inc. /DE/ (OBT)
CIK:        0001754226
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000943374-24-000349
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orange County Bancorp Q2 EPS $1.46, down from $1.61; net income $8.2M
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- Q2 net income $8.2M, EPS $1.46, down 9.6% from $9.1M, $1.61 YoY.
- Provision for credit losses surged to $2.2M from $214K due to one CRE participation loan impairment.
- Net interest margin expanded 29 bps to 4.10%; net interest income up 6.7% to $24.1M.
- Total deposits rose 7.9% to $2.2B from year-end; borrowings cut from $234.5M to $60M.
- Non-accrual loans jumped to $15.8M from $4.4M at year-end, driven by one participation loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754226/000094337424000349/0000943374-24-000349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754226/000094337424000349/form8k_073124.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000349

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer