Oregon Bancorp Reports Quarterly and Annual Results

Fourth quarter 2018 net earnings increased 78% to $1.4 million, or $0.61 per common share
Full-year 2018 net earnings increased 48% to $7.3 million, or $3.25 per common share
Annual loan growth of 11% or $15 million, and deposit growth of 16% or $30 million
Annual residential mortgage loan volume of $747 million


SALEM, Ore. – January 25, 2019 – Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”),
parent company of Willamette Valley Bank, reported net income of $1,379,951 for the fourth
quarter of 2018 compared to $773,114 during the fourth quarter of 2017. Earnings per share for
the quarter were $0.61 compared to $0.35 for the same quarter a year ago. The company also
declared a cash dividend of $0.10 per share during December.

Year-to-date net income rose 48% to $7.3 million in 2018 up from $4.9 million in 2017 and
representing a new high for the Company. Return on average assets for the year reached 3.28%
compared to 2.69% in 2017. Return on average equity for the year was 29.07% compared to 23.65%
in 2017. Total assets rose to $241 million in 2018 up from $205 million at the end of 2017.

“We are pleased to continue our string of record annual earnings in 2018,” Neil Grossnicklaus,
Chief Executive Officer stated. “Our capital continues to grow at the same time we are able to
return a good portion of our earnings to our shareholders.” Ryan Dempster, President, added “We
experienced growth in all areas of our company during the year including commercial and
residential lending and customer deposits. This growth coupled with the lower federal tax rate led
to a 48% increase in earnings from than the prior year.”

About Oregon Bancorp, Inc.
Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank (Bank), a community bank
headquartered in Salem, Oregon. The Bank operates full-service branches in Salem, Keizer,
Silverton, and Albany, Oregon. The Bank also operates Home Loan Centers in Bend, Eugene,
Grants Pass, Medford, Portland, Tualatin, and West Linn, Oregon, Vancouver, Spokane and
Newport, Washington, and Coeur d’Alene and Meridian, Idaho. For more information about
Oregon Bancorp, Inc. or its subsidiary, Willamette Valley Bank, please call (503)485-2221 or visit
our website at www.willamettevalleybank.com.

Contact:
Neil Grossnicklaus or
Ryan Dempster
Oregon Bancorp, Inc.
503-485-2222
bank@wvbk.com

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