Overview

* Oregon Pacific Bancorp ( ORPB ) Q3 net income rises to $2.2 mln, $0.31 per share

* Company's Q3 deposits grow by $28.7 mln, driven by terminating trust activity

* Net interest margin for Q3 expands to 3.88%, up from 3.85% in prior quarter

Outlook

* Company expects $9 mln in trust-related deposits to leave in Q4

Result Drivers

* DEPOSIT GROWTH - Quarterly deposit growth of $28.7 mln driven by terminating trust activity, increasing cash balances

* NET INTEREST MARGIN EXPANSION - Increased yields on loans and securities contributed to net interest margin expansion to 3.88%

* SECURITIES PURCHASES - Higher liquidity from deposit growth led to securities purchases focused on low-risk mortgage-backed securities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $2.21

Income mln

Q3 Net $7.72

Interest mln

Income

Q3 Net 3.88%

Interest

Margin

Q3 $2.96

Pretax mln

Profit

Q3 $505,000

Provisio

n for

Credit

Losses

Press Release:

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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.)