Oregon Bancorp Announces First Quarter Earnings

OREGON BANCORP ANNOUNCES QUARTERLY EARNINGS

First quarter 2025 net earnings of $0.5 million, or $0.21 per common share

Quarterly return on average assets of 0.5% and return on average equity of 3.0%

SALEM, Ore. – April 18, 2025 - Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, reported net income for the first quarter of $520,000 and $0.21 per share.  The Company’s quarterly return on average assets and return on average equity were 0.5% and 3.0%, respectively.  This compares to $873,000 in net income and $0.35 per share for the quarter ending December 31, 2024.  The Company’s net interest margin measured 3.5% for the first quarter, which is the same as the prior quarter.

The Company’s balance sheet decreased slightly by $5.5 million.  Deposit balances, however, increased by $6.1 million while loan balances remained level with the end of the year.  Residential mortgage loan volume for the quarter was $48 million.  Bank asset quality and capital remain strong, and the Board of Directors distributed a $0.20 per share quarterly dividend on April 17, 2025.

Ryan Dempster, President and CEO, commented “It has been an interesting start to the new year as we have seen large swings in the equity and bond markets due to some uncertainty regarding the direction of fiscal policy.  Although residential and commercial loan demand was lighter during the quarter, we are pleased to see deposit growth in the area of lower costing checking and saving account balances.”

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