Provided by Business Wire
Oregon Pacific Bank Announces Fourth Quarter and Full Year Earnings Results
Oregon Pacific Bancorp (ORPB) today reported financial results for the fourth quarter and year ended December 31, 2020.
Highlights
Quarterly non-PPP loan growth of $5.8 million
Tax equivalent fourth quarter net interest margin of 4.29%
Annual loan growth of $92.1 million or 30.32%
Annual deposit growth of $168.3 million or 52.92%
Annual net income of $4.4 million, representing growth of 23.74% over 2019
Oregon Pacific Bancorp, and its wholly-owned subsidiary Oregon Pacific Bank, reported quarterly net income of $2.1 million, or $0.30 per diluted share compared to $1.1 million, or $0.15 per diluted share for the quarter ended December 31, 2019. On an annual basis, the Bank recorded net income totaling $4.4 million, or $0.62 per diluted share compared to $3.5 million, or $0.51 per diluted share for the same period in 2019. Fourth quarter net income was elev
With fallen leaves clogging your gutters and frost on the windshield, we begin thinking about the new year. At the chamber, we begin our preparation for 2021âs opportunities and successes with the annual board planning session.
For the past several years, we have used your input about what you see are the most important issues facing our community, how you think the chamber has been dealing with them and what you would like to have us address in the next year.
With that information and our Committee 2021 goals, the chamber sets its strategic objectives for the next year.
Part of the success of that effort depends on leadership. The executive committee for 2021 was just elected so let me share that information with you.