XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.8.0.1

FAIR VALUE (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Fair Value Disclosures [Abstract] |
Summary of Assets Measured at Fair Value on Recurring Basis | The following table summarizes assets measured at fair value on a recurring basis at March 31, 2018 and December 31, 2017.
(Dollars in Thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value Measurements
March 31, 2018 |  |  |  |  |  |  |
AFS Securities: |  |  |  |  |  |  |
States and political subdivisions | $ | 0 |  |  | $ | 182,793 |  |  | $ | 0 |  |  | $ | 182,793 |
GSE residential CMOs | 0 |  |  | 116,955 |  |  | 0 |  |  | 116,955 |
Private label residential CMOs | 0 |  |  | 853 |  |  | 0 |  |  | 853 |
Private label commercial CMOs | 0 |  |  | 12,689 |  |  | 0 |  |  | 12,689 |
Asset-backed and other | 0 |  |  | 141,510 |  |  | 0 |  |  | 141,510 |
Totals | $ | 0 |  |  | $ | 454,800 |  |  | $ | 0 |  |  | $ | 454,800 |
December 31, 2017 |  |  |  |  |  |  |
AFS Securities: |  |  |  |  |  |  |
States and political subdivisions | $ | 0 |  |  | $ | 159,458 |  |  | $ | 0 |  |  | $ | 159,458 |
GSE residential MBSs | 0 |  |  | 49,530 |  |  | 0 |  |  | 49,530 |
GSE residential CMOs | 0 |  |  | 111,119 |  |  | 0 |  |  | 111,119 |
Private label residential CMOs | 0 |  |  | 1,003 |  |  | 0 |  |  | 1,003 |
Private label commercial CMOs | 0 |  |  | 7,653 |  |  | 0 |  |  | 7,653 |
Asset-backed and other | 0 |  |  | 86,545 |  |  | 0 |  |  | 86,545 |
Totals | $ | 0 |  |  | $ | 415,308 |  |  | $ | 0 |  |  | $ | 415,308 |
Schedule of Changes in Fair Value of Impaired Loans | The following table presents changes in the fair value for impaired loans still held at March 31, considered in the determination of the provision for loan losses, for the three months ended March 31, 2018 and 2017.
|  | Three months ended March 31,
(Dollars in thousands) |  | 2018 |  | 2017
Changes in fair value of impaired loans still held |  | $ | 8 |  |  | $ | 89 |
Schedule of Changes in Fair Value of Foreclosed Real Estate Held | The following table summarizes changes in the fair value of OREO for properties still held at March 31, charged to real estate expenses, for the three months ended March 31, 2018 and 2017.
|  | Three months ended March 31,
(Dollars in thousands) |  | 2018 |  | 2017
Changes in fair value of OREO still held |  | $ | 0 |  |  | $ | 3 |
Summary of Assets Measured at Fair Value on Nonrecurring Basis | The following table summarizes assets measured at fair value on a nonrecurring basis at March 31, 2018 and December 31, 2017.
(Dollars in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value Measurements
March 31, 2018 |  |  |  |  |  |  |
Impaired Loans |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |
Owner occupied | $ | 0 |  |  | $ | 0 |  |  | $ | 393 |  |  | $ | 393 |
Non-owner occupied | 0 |  |  | 0 |  |  | 3,976 |  |  | 3,976 |
Multi-family | 0 |  |  | 0 |  |  | 156 |  |  | 156 |
Non-owner occupied residential | 0 |  |  | 0 |  |  | 330 |  |  | 330 |
Commercial and industrial | 0 |  |  | 0 |  |  | 49 |  |  | 49 |
Residential mortgage: |  |  |  |  |  |  |
First lien | 0 |  |  | 0 |  |  | 1,778 |  |  | 1,778 |
Home equity - lines of credit | 0 |  |  | 0 |  |  | 222 |  |  | 222 |
Installment and other loans | 0 |  |  | 0 |  |  | 2 |  |  | 2 |
Total impaired loans | $ | 0 |  |  | $ | 0 |  |  | $ | 6,906 |  |  | $ | 6,906 |
December 31, 2017 |  |  |  |  |  |  |
Impaired Loans |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |
Owner occupied | $ | 0 |  |  | $ | 0 |  |  | $ | 430 |  |  | $ | 430 |
Non-owner occupied | 0 |  |  | 0 |  |  | 4,066 |  |  | 4,066 |
Multi-family | 0 |  |  | 0 |  |  | 165 |  |  | 165 |
Non-owner occupied residential | 0 |  |  | 0 |  |  | 344 |  |  | 344 |
Commercial and industrial | 0 |  |  | 0 |  |  | 53 |  |  | 53 |
Residential mortgage: |  |  |  |  |  |  |
First lien | 0 |  |  | 0 |  |  | 1,951 |  |  | 1,951 |
Home equity - lines of credit | 0 |  |  | 0 |  |  | 161 |  |  | 161 |
Installment and other loans | 0 |  |  | 0 |  |  | 3 |  |  | 3 |
Total impaired loans | $ | 0 |  |  | $ | 0 |  |  | $ | 7,173 |  |  | $ | 7,173 |
Summary of Additional Qualitative Information | The following table presents additional qualitative information about assets measured on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value.
(Dollars in thousands) | Fair Value Estimate |  | Valuation Techniques |  | Unobservable Input |  | Range
March 31, 2018 |  |  |  |  |  |  |
Impaired loans | $ | 6,906 |  |  | Appraisal of collateral |  | Management adjustments on appraisals for property type and recent activity |  | 7% - 75% discount
|  |  |  |  | - Management adjustments for liquidation expenses |  | 0% - 20% discount
December 31, 2017 |  |  |  |  |  |  |
Impaired loans | $ | 7,173 |  |  | Appraisal of collateral |  | Management adjustments on appraisals for property type and recent activity |  | 7% - 75% discount
|  |  |  |  | - Management adjustments for liquidation expenses |  | 0% - 20% discount
Financial Instruments at Estimated Fair Values | The following table presents carrying amounts and estimated fair values of the Company’s financial instruments at March 31, 2018 and December 31, 2017:
(Dollars in thousands) | Carrying Amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
March 31, 2018 |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 14,848 |  |  | $ | 14,848 |  |  | $ | 14,848 |  |  | $ | 0 |  |  | $ | 0 |
Interest-bearing deposits with banks | 15,324 |  |  | 15,324 |  |  | 15,324 |  |  | 0 |  |  | 0 |
Restricted investments in bank stocks | 12,122 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
Securities available for sale | 454,800 |  |  | 454,800 |  |  | 0 |  |  | 454,800 |  |  | 0 |
Loans held for sale | 3,659 |  |  | 3,752 |  |  | 0 |  |  | 3,752 |  |  | 0 |
Loans, net of allowance for loan losses | 1,031,114 |  |  | 1,028,897 |  |  | 0 |  |  | 0 |  |  | 1,028,897 |
Accrued interest receivable | 4,902 |  |  | 4,902 |  |  | 0 |  |  | 2,320 |  |  | 2,582 |
Financial Liabilities |  |  |  |  |  |  |  |  |
Deposits | 1,299,514 |  |  | 1,298,061 |  |  | 0 |  |  | 1,298,061 |  |  | 0 |
Short-term borrowings | 93,731 |  |  | 93,731 |  |  | 0 |  |  | 93,731 |  |  | 0 |
Long-term debt | 83,725 |  |  | 83,049 |  |  | 0 |  |  | 83,049 |  |  | 0 |
Accrued interest payable | 455 |  |  | 455 |  |  | 0 |  |  | 455 |  |  | 0 |
Off-balance sheet instruments | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
December 31, 2017 |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 21,734 |  |  | $ | 21,734 |  |  | $ | 21,734 |  |  | $ | 0 |  |  | $ | 0 |
Interest-bearing deposits with banks | 8,073 |  |  | 8,073 |  |  | 8,073 |  |  | 0 |  |  | 0 |
Restricted investments in bank stocks | 9,997 |  |  | n/a |  |  | n/a |  |  | n/a |  |  | n/a |
Securities available for sale | 415,308 |  |  | 415,308 |  |  | 0 |  |  | 415,308 |  |  | 0 |
Loans held for sale | 6,089 |  |  | 6,272 |  |  | 0 |  |  | 6,272 |  |  | 0 |
Loans, net of allowance for loan losses | 997,216 |  |  | 994,617 |  |  | 0 |  |  | 0 |  |  | 994,617 |
Accrued interest receivable | 5,048 |  |  | 5,048 |  |  | 0 |  |  | 2,580 |  |  | 2,468 |
Financial Liabilities |  |  |  |  |  |  |  |  |
Deposits | 1,219,515 |  |  | 1,213,288 |  |  | 0 |  |  | 1,213,288 |  |  | 0 |
Short-term borrowings | 93,576 |  |  | 93,576 |  |  | 0 |  |  | 93,576 |  |  | 0 |
Long-term debt | 83,815 |  |  | 83,949 |  |  | 0 |  |  | 83,949 |  |  | 0 |
Accrued interest payable | 495 |  |  | 495 |  |  | 0 |  |  | 495 |  |  | 0 |
Off-balance sheet instruments | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |

X
- Definition Schedule of Changes in Fair Value of Foreclosed Real Estate Held [Table Text Block] + References No definition available. + Details
Name: | orrf_ScheduleofChangesinFairValueofForeclosedRealEstateHeldTableTextBlock
Namespace Prefix: | orrf_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Changes in Fair Value of Impaired Loans [Table Text Block] + References No definition available. + Details
Name: | orrf_ScheduleofChangesinFairValueofImpairedLoansTableTextBlock
Namespace Prefix: | orrf_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration