Fourth quarter 2025 net earnings of $826 thousand, or $0.33 per common share

Quarterly return on average assets of 0.7% and return on average equity of 4.4%

Full-Year net earnings of $3.2 million, or $1.29 per common share

Annual return on average assets of 0.7% and return on average equity of 4.3%

Oregon Bancorp, Inc. (OTCBB: ORBN), the parent company of Willamette Valley Bank, today announced its financial results for the fourth quarter and full year ended December 31, 2025.

For the fourth quarter of 2025, the Company reported net income of $826,000, or $0.33 per share, resulting in a return on average assets of 0.7% and a return on average equity of 4.4%. This compares to net income of $1.1 million, or $0.46 per share, for the quarter ending September 30, 2025.

For the full year, Oregon Bancorp generated net income of $3.2 million, or $1.29 per share, compared to $3.4 million, or $1.38 per share, in 2024. The Company’s return on average assets remained steady at 0.7%, consistent with the prior year. The net interest margin improved during the year, reaching 3.8% in the fourth quarter and 3.7% for the full year, up from 3.5% and 3.6%, respectively, in 2024. Residential mortgage production totaled $52 million for the fourth quarter and $223 million for the year.

During the fourth quarter, total assets declined by $6.6 million, driven primarily by a $7.5 million decrease in deposits and a $6.6 million reduction in commercial loan balances. When compared to December 31, 2024, the balance sheet decreased by $17.8 million, largely reflecting a $19 million reduction in borrowings and a $14 million decline in commercial loan balances. Asset quality continues to remain strong and capital levels are solid.

President and CEO Ryan Dempster noted that the Federal Reserve’s three interest rate reductions during the quarter have already stimulated commercial lending activity, which is expected to contribute to commercial loan growth in the new year. “Although deposit balances remained level during the year, we have a strong pipeline of new customers,” Dempster said. “We are encouraged that this momentum will support deposit growth in 2026.”

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. The Bank also operates four Home Loan Centers located in Oregon and Idaho. 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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