Orange County Bancorp, Inc. reported significant financial growth in its latest quarterly filing, with net income for the third quarter of 2025 reaching $10.0 million, a substantial increase of 211.5% compared to $3.2 million in the same period last year. For the nine months ending September 30, 2025, net income totaled $29.2 million, up from $20.7 million in 2024. This growth was primarily driven by a $4.0 million increase in net interest income, which rose to $26.9 million, and a $2.6 million increase in noninterest income, totaling $6.8 million. The company also benefited from a reduction in the provision for credit losses, which fell to $3.9 million from $7.2 million year-over-year.
Total assets for Orange County Bancorp increased by 5.0% to $2.6 billion as of September 30, 2025, up from $2.5 billion at the end of 2024. This growth was largely attributed to a $116.7 million increase in net loans, which reached $1.9 billion, and a $39.6 million rise in cash and due from banks. The loan portfolio saw notable increases in commercial real estate and construction loans, while residential real estate and consumer loans experienced declines. The company’s total deposits also grew by 5.8% to $2.3 billion, driven by a focus on maintaining strong liquidity and commercial transaction accounts.
In terms of operational developments, Orange County Bancorp completed a follow-on common stock offering in June 2025, generating approximately $46.0 million in gross proceeds, which contributed to the increase in stockholders' equity to $270.1 million, a 45.6% rise from $185.5 million at the end of 2024. The company also issued $25.0 million in subordinated notes in September 2025, further strengthening its capital position. The bank's assets under management in its wealth management division reached $1.9 billion, reflecting a 6.0% increase from the previous year.
The filing also highlighted a strategic focus on credit quality, with non-performing loans increasing to $12.2 million, or 0.63% of total loans, compared to $6.3 million, or 0.35%, at the end of 2024. The allowance for credit losses decreased to $29.3 million, or 1.51% of total loans, down from $31.0 million, indicating improved credit quality management. The company continues to monitor its loan portfolio closely, with a commitment to maintaining a strong liquidity position and managing interest rate risk effectively.
Looking ahead, Orange County Bancorp remains optimistic about its growth trajectory, supported by a solid capital base and a diversified loan portfolio. The company plans to leverage its strong liquidity position to capitalize on market opportunities while navigating potential economic challenges. The management's focus on enhancing operational efficiency and maintaining credit quality is expected to contribute positively to future financial performance.
About Orange County Bancorp, Inc. /DE/
Orange County Bancorp, Inc. is a bank holding company providing community-focused banking, trust, and wealth management services in the Lower Hudson Valley. Through its subsidiaries, it offers commercial, consumer, and municipal banking, along with asset management and trust services. The company emphasizes personalized service, relationship banking, and diversified loan and deposit portfolios to serve small to medium-sized businesses, high-net-worth clients, and local governments.
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