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1 star rating based on 1 review.

Orrstown Bank

Orrstown Bank Locations
3580 Orrstown Rd
Orrstown, PA 17244
717.530.3530
www.orrstown.com

Orrstown Bank is headquartered in Shippensburg and is the 22nd largest bank in the state of Pennsylvania. It is also the 435th largest bank in the nation. It was established in 1919 and as of September of 2011, it had grown to 313 employees at 22 locations. Orrstown Bank has a 4-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...



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See Rates for: Checking | Savings | Money Market

Orrstown Bank Checking Account Rates

ApyMinMaxProduct
0.45%-$25kReward Checking
0.45%-$25kThink Pink Checking
0.05%$10k-50+ Interest Checking
0.05%$10k-Interest Checking
0.05%$10k-Relationship Checking
0.05%$10k-Direct Deposit 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: 2/11/2012

Data for Q3 2011


Institution Statistics


Orrstown Bank
FDIC Certificate #713
BankRate ReportView
Year Established1919
Employees313
Primary RegulatorFED

Assets and Liabilities

Assets$1.51 billion
Loans$970.81 million
Deposits$1.29 billion
Equity Capital$152.24 million
Loan Loss Allowance$25.68 million
Unbacked Noncurrent Loans$34.13 million
Real Estate Owned$2.75 million

Historic Data - September 2010

Assets$1.46 billion
Equity Capital$141.40 million
Loan Loss Allowance$15.39 million
Unbacked Noncurrent Loans$17.96 million
Real Estate Owned$2.53 million

Profit Margin - Quarterly

Net Interest Margin3.65%
Return on Assets-0.21%
Return on Equity-2.2%
Interest Income$46.20 million

Institution Health


Overall Score:
4 out of 5
4
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 September 30, 2011 Orrstown Bank had $36.88 million in non-current loans and owned real-estate with $177.92 million in equity and loan loss allowances on hand to cover it. This gives Orrstown Bank a Texas Ratio of 20.73% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Orrstown Bank increased slightly from 13.06% as of September 30, 2010 to 20.73% as of September 30, 2011, resulting in a negative change of 58.69%. This indicates that the balance sheet and financial strength for Orrstown Bank has declined slightly in recent periods.
Deposit Growth5
In the past year, Orrstown Bank has increased its total deposits by $147.69 million, resulting in 12.94% 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 excellent.
Capitalization4
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 $1.51 billion in assets with $177.92 million in equity, resulting in a capitalization level of 11.77%, which is above average.
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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.

2
 
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