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ORRSTOWN FINANCIAL SERVICES, INC. (PARENT COMPANY ONLY) CONDENSED FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheets | Condensed Balance Sheets
(Dollars in thousands) | 2016 |  | 2015
Assets |  |  |
Cash in Orrstown Bank | $ | 10,263 |  |  | $ | 14,032 |
Deposits with other banks | 307 |  |  | 321 |
Total cash | 10,570 |  |  | 14,353 |
Securities available for sale | 91 |  |  | 73 |
Investment in Orrstown Bank | 121,362 |  |  | 117,163 |
Other assets | 3,519 |  |  | 1,561 |
Total assets | $ | 135,542 |  |  | $ | 133,150 |
Liabilities | $ | 683 |  |  | $ | 89 |
Shareholders’ Equity |  |  |
Common stock | 437 |  |  | 435 |
Additional paid-in capital | 124,935 |  |  | 124,317 |
Retained earnings | 11,669 |  |  | 7,939 |
Accumulated other comprehensive income (loss) | (1,165 | ) |  | 1,199 |
Treasury stock | (1,017 | ) |  | (829 | )
Total shareholders’ equity | 134,859 |  |  | 133,061 |
Total liabilities and shareholders’ equity | $ | 135,542 |  |  | $ | 133,150 |
Condensed Statements of Income | Condensed Statements of Income
(Dollars in thousands) | 2016 |  | 2015 |  | 2014
Income |  |  |  |  |
Dividends from subsidiaries | $ | 2,200 |  |  | $ | 17,900 |  |  | $ | 0 |
Other interest and dividend income | 38 |  |  | 3 |  |  | 2 |
Other income | 62 |  |  | 35 |  |  | 70 |
Total income | 2,300 |  |  | 17,938 |  |  | 72 |
Expenses |  |  |  |  |
Share-based compensation | 216 |  |  | 135 |  |  | 17 |
Management fee to Bank | 504 |  |  | 500 |  |  | 277 |
Other expenses | 2,152 |  |  | 1,720 |  |  | 1,042 |
Total expenses | 2,872 |  |  | 2,355 |  |  | 1,336 |
Income (loss) before income taxes and equity in undistributed income or distributions in excess of income of subsidiaries | (572 | ) |  | 15,583 |  |  | (1,264 | )
Income tax benefit | (606 | ) |  | (831 | ) |  | (474 | )
Income (loss) before equity in undistributed income (distributions in excess of income) of subsidiaries | 34 |  |  | 16,414 |  |  | (790 | )
Equity in undistributed income (distributions in excess of income) of subsidiaries | 6,594 |  |  | (8,540 | ) |  | 29,932 |
Net income | $ | 6,628 |  |  | $ | 7,874 |  |  | $ | 29,142 |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
(Dollars in thousands) | 2016 |  | 2015 |  | 2014
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 6,628 |  |  | $ | 7,874 |  |  | $ | 29,142 |
Adjustments to reconcile net income to cash used in operating activities: |  |  |  |  |
Deferred income taxes | 4 |  |  | (53 | ) |  | (25 | )
Gains on affiliate dissolution | 0 |  |  | 0 |  |  | (54 | )
Equity in (undistributed income) distributions in excess of income of subsidiaries | (6,594 | ) |  | 8,540 |  |  | (29,932 | )
Share-based compensation | 216 |  |  | 135 |  |  | 17 |
Net change in other liabilities | (6 | ) |  | 17 |  |  | (26 | )
Other, net | (849 | ) |  | (712 | ) |  | (270 | )
Net cash provided by (used in) operating activities | (601 | ) |  | 15,801 |  |  | (1,148 | )
Cash flows from investing activities: |  |  |  |  |
Other, net | (500 | ) |  | 0 |  |  | (72 | )
Net cash used in investing activities | (500 | ) |  | 0 |  |  | (72 | )
Cash flows from financing activities: |  |  |  |  |
Dividends paid | (2,898 | ) |  | (1,822 | ) |  | 0 |
Proceeds from issuance of common stock | 847 |  |  | 794 |  |  | 105 |
Payments to repurchase common stock | (631 | ) |  | (809 | ) |  | 0 |
Net cash provided by (used in) financing activities | (2,682 | ) |  | (1,837 | ) |  | 105 |
Net increase (decrease) in cash | (3,783 | ) |  | 13,964 |  |  | (1,115 | )
Cash, beginning balance | 14,353 |  |  | 389 |  |  | 1,504 |
Cash, ending balance | $ | 10,570 |  |  | $ | 14,353 |  |  | $ | 389 |

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