XML 149 R134.htm IDEA: XBRL DOCUMENT v3.24.0.1
ORRSTOWN FINANCIAL SERVICES, INC. (PARENT COMPANY ONLY) CONDENSED FINANCIAL INFORMATION - Condensed Statements of Income (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income      
Other income $ 1,508 $ 1,814 $ 750
Expenses      
Interest on subordinated notes 2,017 2,013 2,009
Share-based compensation 2,356 2,154 1,949
Merger-related expenses 1,059 0 0
Provision for legal settlement 0 13,000 0
Income tax benefit 9,370 4,579 8,014
Net income 35,663 22,037 32,881
Orrstown Financial Services, Inc.      
Income      
Dividends from bank subsidiary 14,000 27,000 16,000
Interest income from bank subsidiary 158 29 25
Other income 21 16 119
Total income 14,179 27,045 16,144
Expenses      
Interest on subordinated notes 2,017 2,013 2,009
Share-based compensation 484 511 433
Management fee to bank subsidiary 1,449 1,341 1,089
Merger-related expenses 851 0 0
Provision for legal settlement 0 13,000 0
Other expenses 638 912 704
Total expenses 5,439 17,777 4,235
Income before income tax benefit and equity in undistributed income of subsidiaries 8,740 9,268 11,909
Income tax benefit (1,106) (3,726) (863)
Income before equity in undistributed income of subsidiaries 9,846 12,994 12,772
Equity in undistributed income of subsidiaries 25,817 9,043 20,109
Net income $ 35,663 $ 22,037 $ 32,881