John Schneider's questions to Orrstown Financial Services Inc (ORRF) leadership • Q1 2025
Question
John Schneider, on behalf of David Bishop, asked for clarification on the reshuffling within deposit categories on the average balance sheet and inquired about which specific segments were showing strength in the loan pipeline.
Answer
EVP & CFO Neil Kalani clarified that the deposit shifts were due to reclassifications of acquired data following the November system conversion. EVP & COO Adam Metz described the loan pipeline as well-diversified, with a measured approach to CRE alongside C&I and solar opportunities. CEO Thomas Quinn added that with the merger integration now complete, the sales team's renewed focus is driving a return to more normalized loan volumes.