OBT News & Events

Reports Q1 book value per share grew to $21.75, while tangible book value per share increased to $21.32. The bank's Tier 1 capital-to-average-assets ratio was 12.80%. Reports Q1 net interest margin increased 45 basis points to 4.40%. Provision for credit losses reflected a net recovery of $436K, and net charge-offs for the quarter were 0.00%. "I am pleased to announce record first quarter financial results for the Bank led by growth of our low-cost deposit base and continued strength in our net interest margin," said CEO Michael Gilfeather.

Reports Q4 net interest income $28.3M vs. $23.1M last year. Reports Q4 net interest margin 4.44% vs. 3.78% last year. "I am pleased to announce momentum we saw through the first three quarters of 2025 continued through year end, resulting in record earnings of $12.4 million, or $0.93 per basic and diluted share, and $41.6 million, or $3.33 per basic and diluted share, for the fourth quarter and full year, respectively," said CEO Michael Gilfeather.