Second quarter 2026 net earnings of $0.6 million, or $0.24 per common share
Quarterly return on average assets of 0.5% and return on average equity of 3.2%
Year-to-date earnings of $1.0 million, or $0.41 per common share

Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), parent company of Willamette Valley Bank, reported 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 0.5% and a return on average equity of 3.2%, compared to net income of $431 thousand, or $0.17 per share, for the first quarter of 2026.

For the six months ending June 30, 2026, the Company earned $1.0 million, or $0.41 per common share, compared to $1.2 million, or $0.50 per common share, during 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 2.7%.

The Company’s balance sheet strengthened during the quarter, with total assets increasing $19.6 million to $465.4 million at June 30, 2026. Total deposits increased $23.0 million to $358.4 million, while net loans grew $8.9 million to $300.3 million. Asset quality and capital levels remain strong, with shareholders’ equity totaling $76.1 million and book value per common share of $30.44. The Board of Directors declared a $0.20 per share quarterly cash dividend continuing the Company’s long-standing commitment to providing value to shareholders.

Ryan Dempster, President and CEO, commented, “Despite continued uncertainty stemming from geopolitical conflicts, trade tensions, and inflationary pressures, the Company delivered a solid quarter with improved earnings and strong growth in loans and deposits. As the remaining operating expenses related to the Mortgage Banking Department largely subside, we expect core earnings to strengthen in the periods ahead.”

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.

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