Short answer
Orange County Bancorp, Inc. /DE/ (OBT) filed an 8-K current report with the SEC on July 28, 2026 reporting Item EX-99.1 (Exhibit EX-99.1). Q2 net income reached record $13.7M, up 30.6%, but included a $5.3M deferred-tax valuation allowance reversal.
Orange County Bancorp, Inc. /DE/ 8-K event analysis
AI summary of each reported item and its exhibits
Item EX-99.1 · Exhibit EX-99.1
- Q2 net income reached record $13.7M, up 30.6%, but included a $5.3M deferred-tax valuation allowance reversal
- Adjusted net income was $12.6M after excluding the tax benefit and $4.8M loans-held-for-sale valuation loss
- Net interest margin expanded to 4.44% from 4.06%, supported by deposit costs falling to 0.96% and loan yield reaching 6.03%
- Deposits grew 5.2% to $2.4B, primarily core deposits, reducing reliance on higher-cost brokered funding
- Credit risk warrants monitoring: nonperforming loans reached $22.2M, or 1.16%, while non-accrual loans rose to $18.8M
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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