New Year’s Eve: Closing early at 2 PM | New Year’s Day: Closed all day
We are pleased to provide our 2022 Annual Report and audited financial statement. Oregon Pacific Bancorp and its wholly-owned subsidiary, Oregon Pacific Bank, reported a net operating income of $7.1 million for the 12 months ended Dec. 31, 2022, compared to $7.8 million for the same period in 2021. This equates to $1.01 earnings per share compared to $1.11 for the same period in 2021. The Bank was able to leverage strong earnings in 2022 to reposition its securities portfolio for improved future earnings. A $1.8 million pre-tax loss was incurred in the fourth quarter from the sale of lower-yielding investments. This certainly impacted the year-over-year profitability and earnings per share metrics but strengthens the Bank’s overall margin for 2023 and beyond.
We invite you to read more in our full report: 2022 OPB Annual Report.pdf
