Oregon Bancorp Reports Q1 2026 Net Income of $431,000 as Mortgage Banking Wind-Down Weighs on Earnings

Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, reported net income of $431,000, or $0.17 per share, for the first quarter of 2026. The Company generated a return on average assets of 0.4% and a return on average equity of 2.3%, compared to net income of $826,000, or $0.33 per share, for the fourth quarter of 2025. The Company’s net interest margin improved to 4.0% for the first quarter, compared to 3.8% in the prior quarter. Quarterly earnings were impacted by the wind‑down of the Mortgage Banking Department. Management expects this to be a short‑term headwind to earnings, with improvement anticipated in future quarters. Total assets declined $6.4 million during the quarter, primarily due to a $10.0 million reduction in borrowings. Deposit balances increased $5.6 million, and loan balances increased $7.8 million during the quarter. Asset quality and capital levels remain strong, and the Board of Directors declared a $0.20 per share quarterly dividend, which was paid on April 16, 2026. Ryan Dempster, President and CEO, commented, “During the quarter, we wound down the Mortgage Banking Department, which had a short‑term impact on earnings. We remain focused on commercial banking and serving the core needs of businesses and individuals throughout the Willamette Valley, while maintaining disciplined balance sheet management, expense control, and strong credit quality.” 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.