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ORRSTOWN FINANCIAL SERVICES, INC. (PARENT COMPANY ONLY) CONDENSED FINANCIAL INFORMATION - Condensed Statements of Income (Detail) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income      
Other income $ 1,304 $ 1,508 $ 1,814
Expenses      
Interest expense on subordinated notes 4,285 2,017 2,013
Total interest expense 93,679 44,991 9,024
Share-based compensation 8,719 2,356 2,154
Merger-related expenses 22,671 1,059 0
Provision for legal settlement 478 0 13,000
Income tax benefit 5,756 9,370 4,579
Net income 22,050 35,663 22,037
Orrstown Financial Services, Inc.      
Income      
Dividends from bank subsidiary 15,000 14,000 27,000
Interest income from bank subsidiary 150 158 29
Other income 105 21 16
Total income 15,255 14,179 27,045
Expenses      
Interest expense on subordinated notes 3,798 2,017 2,013
Interest expense on trust preferred debt 487 0 0
Total interest expense 4,285 2,017 2,013
Share-based compensation 887 484 511
Management fee to bank subsidiary 1,606 1,449 1,341
Merger-related expenses 3,371 851 0
Provision for legal settlement 0 0 13,000
Other expenses 568 638 912
Total expenses 10,717 5,439 17,777
Income before income tax benefit and equity in undistributed income of subsidiaries 4,538 8,740 9,268
Income tax benefit (2,198) (1,106) (3,726)
Income before equity in undistributed income of subsidiaries 6,736 9,846 12,994
Equity in undistributed income of subsidiaries 15,314 25,817 9,043
Net income $ 22,050 $ 35,663 $ 22,037