ORRF · CIK 0000826154
What Orrstown Financial Services, Inc. told the SEC could break it.
Orrstown's credit risk is geographically concentrated: its operations and the real estate securing its loans are primarily in south central Pennsylvania, the greater Baltimore region and Washington County, Maryland, so its results depend largely on those areas' economies and property values. As a bank, its major market-risk exposure is changing interest rates, which move its net interest margin and the value of its balance sheet. And under U.S. Basel III capital rules it must maintain a 2.5% capital conservation buffer above minimum risk-based ratios, or face restrictions on dividends and other capital distributions.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Geographic concentration
- loans concentrated in south central PA, greater Baltimore, Washington County MDmedium
Orrstown's operations and the real estate securing its loans are concentrated in south central Pennsylvania, the greater Baltimore region and Washington County, Maryland, tying performance to those regional economies and property values.
“Our operations and the properties securing our loans are primarily located in south central Pennsylvania, the greater Baltimore region, and Washington County, Maryland. Our operating results depend largely on economic conditions and real estate valuations in these and surrounding areas.”
Liquidity & debt
- interest-rate risk (primary banking market risk)medium
As a bank, Orrstown's major market-risk exposure is changing interest rates, which affect net interest margin and the value of its balance sheet.
“In the banking industry, a major risk exposure is changing interest rates.”
SEC filing →As of 2026
Regulatory & policy
- Basel III capital requirements & capital conservation buffermedium
The Bank must exceed a 2.5% capital conservation buffer above minimum risk-based capital ratios under U.S. Basel III; falling short would restrict dividends and capital distributions.
“under the U.S. Basel III capital rules, the Bank must also exceed a Capital Conservation Buffer of 2.5% over and above the minimum risk-based capital ratio requirements to avoid becoming subject to restrict”
SEC filing →As of 2026
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