XML 138 R123.htm IDEA: XBRL DOCUMENT v3.19.1
ORRSTOWN FINANCIAL SERVICES, INC. (PARENT COMPANY ONLY) CONDENSED FINANCIAL INFORMATION - Condensed Statements of Income (Detail) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income      
Other income $ 320 $ 190 $ 345
Expenses      
Interest on short-term borrowings 1,577 784 187
Interest on subordinated notes 73 0 0
Total interest expense 13,467 7,644 5,417
Share-based compensation 1,493 1,386 958
Merger related 3,197 0 0
Income tax benefit 1,640 4,338 1,266
Net income 12,805 8,090 6,628
Consolidated      
Income      
Dividends from subsidiaries 4,450 0 2,200
Interest income subsidiary from bank subsidiary 7 15 38
Other income 102 61 62
Total income 4,559 76 2,300
Expenses      
Interest on short-term borrowings 57 0 0
Interest on subordinated notes 73 0 0
Total interest expense 130 0 0
Share-based compensation 205 247 216
Management fee to Bank 1,042 501 504
Merger related 1,545 0 0
Other expenses 656 1,116 2,152
Total expenses 3,578 1,864 2,872
Income (loss) before income tax benefit and equity in undistributed income of subsidiaries 981 (1,788) (572)
Income tax benefit (735) (596) (606)
Income (loss) before equity in undistributed income of subsidiaries 1,716 (1,192) 34
Equity in undistributed income of subsidiaries 11,089 9,282 6,594
Net income $ 12,805 $ 8,090 $ 6,628