John Schneider's questions to ORRSTOWN FINANCIAL SERVICES (ORRF) leadership • Q1 2025
Question
John Schneider, on for David Bishop, asked for clarification on the reshuffling observed within deposit categories on the average balance sheet and inquired about which specific segments are demonstrating strength in the loan pipeline.
Answer
EVP & CFO Neelesh Kalani clarified that the deposit shifts were due to reclassifications made after gaining a better understanding of data following the November system conversion. EVP & COO Adam Metz described the loan pipeline as well-diversified, including C&I and solar, with a measured approach to CRE. CEO Thomas Quinn added that the sales team's renewed focus post-merger is driving a return to more normalized loan volumes.