[October 23, 2026]

Oregon Bancorp Announces Quarterly Earnings

Oregon Bancorp, Inc. (OTCBB: ORBN) (the "Company"), parent company of Willamette Valley Bank, reported net income of $746 thousand, or $0.30 per share, for the third quarter of 2026, compared to net income of $604 thousand, or $0.24 per share, for the second quarter of 2026. The Company generated a return on average assets of 0.6% and a return on average equity of 4.0% for the quarter. Third-quarter results included $212 thousand of trailing expenses associated with the closure of the Mortgage Department and $733 thousand of merger-related expenses.

For the nine months ended September 30, 2026, the Company earned $1.8 million, or $0.71 per common share, compared to $2.4 million, or $0.96 per common share, for the same period in 2025. This performance represents an annualized return on average assets of approximately 0.5% and an annualized return on average equity of approximately 3.1%.

The Company's balance sheet remained relatively stable during the quarter, with total assets of $465.8 million at September 30, 2026. Total deposits increased $4.6 million to $363.0 million, while net loans increased $0.8 million to $301.0 million. Asset quality and capital levels remained strong, with shareholders' equity totaling $74.5 million and book value per common share of $29.81.

The Board of Directors declared a quarterly cash dividend of $0.20 per share, continuing the Company's long-standing commitment to providing value to shareholders.

Ryan Dempster, President and CEO, commented, "Third-quarter earnings improved despite trailing expenses associated with the closure of our Mortgage Department and expenses related to the previously announced acquisition. We continue to see positive momentum in commercial deposits and loans despite a challenging interest rate environment. Net interest revenue also improved meaningfully compared with both the second quarter of 2026 and the third quarter of last year. We remain focused on serving our customers and communities while successfully navigating this important period of transition for the Company."

About Oregon Bancorp, Inc.

Oregon Bancorp, Inc. is the parent company of Willamette Valley Bank (Bank), a community bank headquartered in Salem, Oregon. The Bank conducts commercial and retail banking activities at four full-service branch locations in Salem, Keizer, Silverton, and Albany, Oregon. For more information about Oregon Bancorp, Inc., or its subsidiary, Willamette Valley Bank, please call (503)485-2222 or visit our website at www.willamettevalleybank.com.

Forward Looking Statements

Certain statements in this release may be deemed "forward-looking statements". Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261023212415/en/

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