- Net Interest Income increased $4.8 million, or 29.4%, to $21.1 million for the quarter ended March 31, 2023 from $16.3 million for the quarter ended March 31, 2022
- Total Assets grew $167.0 million, or 7.3%, to $2.5 billion at March 31, 2023 as compared to $2.3 billion at year-end 2022.
- Loans grew $93.9 million, or 6.0%, to $1.7 billion at March 31, 2023 from $1.6 billion at December 31, 2022
- Total Deposits rose by $51.5 million, or 2.6%, to $2.0 billion at March 31, 2023 as compared to $1.9 billion at year-end 2022.
- Book value per share increased $1.79, or 7.3%, to $26.27 at March 31, 2023 from $24.48 at December 31, 2022
- Non-performing loans decreased from 0.54% at December 31, 2022 to 0.48% at March 31, 2023
- Trust and asset advisory business revenue remained level at approximately $2.4 million, for Q1 2023 and 2022, respectively, reflecting the company's continued strength in the business line despite market challenges.
- Based on historical and projected criteria, the market capitalization of the company exceeds the minimum requirements to be included in the Russell 2000 Index when 2023 reconstitution is completed.
Orange County Bancorp, Inc. Announces First Quarter 2023 Results
May 01, 2023
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