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ORRSTOWN FINANCIAL SERVICES, INC. (PARENT COMPANY ONLY) CONDENSED FINANCIAL INFORMATION (Tables)
 12 Months Ended
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