Orange County Bancorp Inc

NASDAQ:OBTUnited States

Oct 30, 2024

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• Press Release: Orange County Bancorp, Inc. Announces Third Quarter 2024 results:, from 4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones

  4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: OBT
  Amount Percent Amount Percent -------------- ----------- -------------- ---------- Commercial and industrial (a) $ 251,484 14.00% $ 273,562 15.66% Commercial real estate 1,334,580 74.30% 1,259,356 72.08% Commercial real estate construction 78,227 4.36% 85,725 4.91% Residential real estate 74,462 4.15% 78,321 4.48% Home equity 16,064 0.89% 13,546 0.78% Consumer 41,277 2.30% 36,552 2.09% ---------- ------- ---------- ------ Total loans 1,796,094 100.00% 1,747,062 100.00% Allowance for loan losses 31,023 25,182 Total loans, net $ 1,765,071 $ 1,721,880 ========== ========== (a) - Includes PPP loans of: $ 181 $ 215 ORANGE COUNTY BANCORP, INC. DEPOSITS BY ACCOUNT TYPE (UNAUDITED) (Dollar Amounts in thousands) -------------------------------------------------------------------------------------------- At September 30, 2024 At December 31, 2023 ---------------------------------- ---------------------------------- Average Average Amount Percent Rate Amount Percent Rate ---------- ---------- ---------- ---------- ---------- ---------- Noninterest-bearing demand accounts $ 690,419 32.26% 0.00% $ 699,203 34.30% 0.00% Interest bearing demand accounts 342,306 16.00% 0.49% 304,892 14.95% 0.49% Money market accounts 707,065 33.04% 2.27% 584,976 28.69% 2.04% Savings accounts 258,302 12.07% 1.39% 228,161 11.19% 1.19% Certificates of Deposit 141,931 6.63% 4.06% 221,517 10.87% 4.57% Total $2,140,023 100.00% 1.27% $2,038,749 100.00% 1.29% ========= ====== ==== === ========= ====== ==== === ORANGE COUNTY BANCORP, INC. NON-PERFORMING ASSETS (UNAUDITED) (Dollar Amounts in thousands) -------------------------- ------------------------------------------------ September 30, 2024 December 31, 2023 ------------------------- --------------------- Non-accrual loans: Commercial and industrial $ 199 $ 556 Commercial real estate 10,725 2,692 Commercial real estate construction - - Residential real estate 8 1,179 Home equity - - Consumer - - Total non-accrual loans 10,932 4,427 --- -------------- ---- --- ---------- ---- Accruing loans 90 days or more past due: Commercial and industrial 237 - Commercial real estate - - Commercial real estate construction - - Residential real estate - - Home equity - - Consumer - - Total loans 90 days or more past due 237 - --- -------------- ---- --- ---------- ---- Total non-performing loans 11,169 4,427 --- -------------- ---- --- ---------- ---- Other real estate owned - - Other non-performing assets - - Total non-performing assets $ 11,169 $ 4,427 === ============== ==== === ========== ==== Ratios: Total non-performing loans to total loans 0.62% 0.25% Total non-performing loans to total assets 0.44% 0.18% Total non-performing assets to total assets 0.44% 0.18% Notes: -------------------------- 1 - Includes non-accruing TDRs: $ - $ 2,391
  

• Orange County Bancorp, Inc. Announces Third Quarter 2024 results:, from 4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones

  4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones
  Companies Mentioned: OBT
  Amount Percent Amount Percent -------------- ----------- -------------- ---------- Commercial and industrial (a) $ 251,484 14.00% $ 273,562 15.66% Commercial real estate 1,334,580 74.30% 1,259,356 72.08% Commercial real estate construction 78,227 4.36% 85,725 4.91% Residential real estate 74,462 4.15% 78,321 4.48% Home equity 16,064 0.89% 13,546 0.78% Consumer 41,277 2.30% 36,552 2.09% ---------- ------- ---------- ------ Total loans 1,796,094 100.00% 1,747,062 100.00% Allowance for loan losses 31,023 25,182 Total loans, net $ 1,765,071 $ 1,721,880 ========== ========== (a) - Includes PPP loans of: $ 181 $ 215 ORANGE COUNTY BANCORP, INC. DEPOSITS BY ACCOUNT TYPE (UNAUDITED) (Dollar Amounts in thousands) -------------------------------------------------------------------------------------------- At September 30, 2024 At December 31, 2023 ---------------------------------- ---------------------------------- Average Average Amount Percent Rate Amount Percent Rate ---------- ---------- ---------- ---------- ---------- ---------- Noninterest-bearing demand accounts $ 690,419 32.26% 0.00% $ 699,203 34.30% 0.00% Interest bearing demand accounts 342,306 16.00% 0.49% 304,892 14.95% 0.49% Money market accounts 707,065 33.04% 2.27% 584,976 28.69% 2.04% Savings accounts 258,302 12.07% 1.39% 228,161 11.19% 1.19% Certificates of Deposit 141,931 6.63% 4.06% 221,517 10.87% 4.57% Total $2,140,023 100.00% 1.27% $2,038,749 100.00% 1.29% ========= ====== ==== === ========= ====== ==== === ORANGE COUNTY BANCORP, INC. NON-PERFORMING ASSETS (UNAUDITED) (Dollar Amounts in thousands) -------------------------- ------------------------------------------------ September 30, 2024 December 31, 2023 ------------------------- --------------------- Non-accrual loans: Commercial and industrial $ 199 $ 556 Commercial real estate 10,725 2,692 Commercial real estate construction - - Residential real estate 8 1,179 Home equity - - Consumer - - Total non-accrual loans 10,932 4,427 --- -------------- ---- --- ---------- ---- Accruing loans 90 days or more past due: Commercial and industrial 237 - Commercial real estate - - Commercial real estate construction - - Residential real estate - - Home equity - - Consumer - - Total loans 90 days or more past due 237 - --- -------------- ---- --- ---------- ---- Total non-performing loans 11,169 4,427 --- -------------- ---- --- ---------- ---- Other real estate owned - - Other non-performing assets - - Total non-performing assets $ 11,169 $ 4,427 === ============== ==== === ========== ==== Ratios: Total non-performing loans to total loans 0.62% 0.25% Total non-performing loans to total assets 0.44% 0.18% Total non-performing assets to total assets 0.44% 0.18% Notes: -------------------------- 1 - Includes non-accruing TDRs: $ - $ 2,391