ORRSTOWN FINANCIAL SERVICES INC (ORRF): Form 8-K filed 2026-11-13
- Accepted by EDGAR
- 2026-11-13 16:05 ET
- Event date
- 2026-11-09
- Accession no.
- 0001628280-26-073816
- Original filing
- SEC EDGAR filing index
AI summary of the filing text. It can contain mistakes; the original filing is authoritative.
Orrstown announces securities portfolio repositioning and estimated $13.8 million loss
Orrstown announced on November 9, 2026 that it sold available-for-sale securities with a total amortized cost of $185.6 million and is using the proceeds to purchase higher-yielding securities. It estimates a net pre-tax loss of $13.8 million for the fourth quarter of 2026 and said the sale will have only a nominal impact on tangible book value.
- AFS securities sold had a total amortized cost of $185.6 million and a weighted average yield of 3.13%.
- Sale proceeds are being used to purchase AFS securities with an estimated weighted average yield of 5.20%.
- Estimated net pre-tax loss of $13.8 million will be included in financial results for the fourth quarter of 2026.
- The company said the sale will have only a nominal impact on tangible book value.
asset sale
Items reported
- Item 8.01: Other Events
A voluntary disclosure of an event the company considers important to security holders that no other Item covers, such as a dividend declaration, a buyback program, litigation updates or product news. - Item 9.01: Financial Statements and Exhibits
Lists the financial statements, pro forma information and exhibits filed with the report. It almost always accompanies another Item and is rarely news on its own.
Documents
| Type | Description | Document |
|---|---|---|
| 8-K | 8-K | orrf-20261109.htm |
| EX-99 | EX-99 | ex99-strategicrepositioning.htm |
The summary above was generated by AI from the filing text and checked automatically against it. Read the original documents on SEC EDGAR. How to read an 8-K.