Oregon Pacific Bancorp Q3 profit steady asset quality improves

Oregon Pacific Bancorp

22/10/2026 21:38

Overview
US community bank's Q3 net income was stable at $2.75 mln
Company retired $15 mln of subordinated debt to reduce future interest expense
Asset quality improved as classified assets and past-due loans declined

Outlook
Company expects retirement of subordinated debt to reduce future borrowing costs

Result Drivers
LOAN PRODUCTION - Co said $46.4 mln in new and renewed loans drove $2.8 mln net growth and improved earning-asset yields
DEPOSIT MIX - $19.3 mln deposit growth led by $19.0 mln increase in noninterest-bearing balances; deposit costs fell to 1.16%
ASSET QUALITY - Classified assets fell $4.6 mln and past-due loans declined to 0.25% of portfolio, co said asset quality improved

Company press release: ID:nBw5XTyxLa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
 
$2.75 mln
 
Q3 Net Interest Income
 
$8.58 mln
 
Q3 Pretax Profit
 
$3.69 mln
 
Q3 Provision for Credit Losses
 
$200,000
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)