1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Orrstown Bank

Orrstown Bank Locations
77 East King Street
Shippensburg, PA 17257
717.530.3530
www.orrstown.com

FDIC


Orrstown Bank is headquartered in Shippensburg and is the 24th largest bank in the state of Pennsylvania. It is also the 532nd largest bank in the nation. It was established in 1919 and as of December of 2012, it had grown to 336 employees at 22 locations. Orrstown Bank has a 3-star health rating.

Related Posts

2.30% Reward Checking Account at Orrstown Bank in PA & MD - 3/25/2009

Update 10/15/09: The top rate has fallen to 2.30% APY.Orrstown Bank is offering a reward checking account with the following rates and features if certain monthly requirements are met:2.30% APY on balances up to $25,0001.00% APY on balances over...



See Rates for: Checking | Savings | Money Market

Orrstown Bank Checking Account Rates

ApyMinMaxProduct
0.35%-$25kReward Checking
0.35%-$25kThink Pink Checking
0.05%$10k-50+ Interest Checking
0.05%$10k-Interest Checking
0.05%$10k-Relationship Interest Checking
0.05%$10k-Direct Deposit Interest Checking

Orrstown Bank Savings Account Rates

ApyMinMaxProduct
0.25%--Christmas Club
0.25%--All Purpose Club
0.25%--Prime Statement Savings
0.15%--Statement Savings

Orrstown Bank Money Market Rates

ApyMinMaxProduct
0.40%$500k-Money Market

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


Orrstown Bank
FDIC Certificate #713
BankRate ReportView
Year Established1919
Employees336
Primary RegulatorFED

Assets and Liabilities

Assets$1.23 billion
Loans$688.44 million
Deposits$1.09 billion
Equity Capital$85.22 million
Loan Loss Allowance$23.17 million
Unbacked Noncurrent Loans$17.94 million
Real Estate Owned$1.88 million

Historic Data - December 2011

Assets$1.44 billion
Equity Capital$121.08 million
Loan Loss Allowance$43.72 million
Unbacked Noncurrent Loans$83.70 million
Real Estate Owned$2.17 million

Profit Margin - Quarterly

Net Interest Margin3.09%
Return on Assets-2.79%
Return on Equity-36.6%
Interest Income$45.41 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Orrstown Bank had $19.82 million in non-current loans and owned real-estate with $108.39 million in equity and loan loss allowances on hand to cover it. This gives Orrstown Bank a Texas Ratio of 18.29% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Orrstown Bank decreased significantly from 52.10% as of December 31, 2011 to 18.29% as of December 31, 2012, resulting in a positive change of 64.91%.This indicates that the balance sheet and financial strength for Orrstown Bank has improved significantly in recent periods.
Deposit Growth1
In the past year, Orrstown Bank has decreased its total deposits by -$133.27 million, resulting in -10.92% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Orrstown Bank has shown is poor.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Orrstown Bank has $1.23 billion in assets with $108.39 million in equity, resulting in a capitalization level of 8.79%, which is average.
Write Review

Orrstown Bank Is Deceitful
1 stars - timcasey - Tuesday, October 9, 2012 - 4:13 PM

Orrstown Trust department was deceitful to me not to disclose to me who to report an unresponsive an attorney.  That attorney turned out to be the Chairman of the Board of Directors.  Three members of the Trust department refused to answer my questions honestly for months and one for over 2 years along with another senior person.  Do not trust them they only protect their interests not the customer.  The trust is  1.3 million dollars and that did not warranty honesty. Good luck dealing with this bank but as you can read for yourself they have a track record of being accused of deceptive practices ie;  SEPTA v. Orrstown.  I will be providing more details very soon.

4

ORRSTOWN BANK--Denial Of Loan--
1 stars - James4 - Tuesday, August 9, 2011 - 1:53 PM

Orrstown Bank Purchased the First National Bank of Newport a few years ago.   I have been less than impressed with this bank.  They have high fees and recently I have been denied a mortgage refinance.  I pay the current loan every month online from the checking account at Orrstown.  My payments will actually be less with the new loan, yet I was denied.  My current lender also was offering a 10% discount of the loan amount as an incentive to refinance.  So there denial has cost me $8400.  The loan amount would have only been for 70% of the appraisal value. My credit rating is 740.  It was 760 last month when I refinanced my primary residence.   This is ridiculous considering I have two other mortgages with this bank.  They basically are not counting my rental income.

3