Oregon Bancorp Announces Third Quarter Earnings

Oregon Bancorp, Inc. (OTCBB: ORBN) (the "Company"), parent company of Willamette Valley Bank, reported net income of $3,463,856 for the third quarter of 2019 compared to $2,410,129 during the third quarter of 2018. This represents a 44% increase year over year. The improvement in quarterly net income was the result of a 13% increase in commercial loan balances and 40% increase in mortgage production from the third quarter of 2018.

Quarterly return on assets rose to 5.31% compared to 4.16% in the year-ago period and return on equity reached 41.14% compared to 36.10% in the third quarter of 2018. Total assets rose to $266 million from $257 million and earnings per share for the quarter were $1.49 compared to $1.06 for the same quarter a year ago. The company declared a quarterly dividend of $0.11 per share that was paid on October 15, 2019.

"The reduction in home mortgage interest rates has led to sustained demand for home purchase financing as well as an increase in customers refinancing existing home mortgages," stated Ryan Dempster, President and Chief Executive Officer. "We are pleased with the continued growth in deposits and commercial lending which is a testament to our commitment to the communities in which we operate in.

"I'm also pleased to announce the addition of Craig Hummel to the Board of Directors. His background as a previous Chief Credit Officer with the Company provides further depth in banking and commercial lending experience to the Company."

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 operates full-service branches in Salem, Keizer, Silverton, and Albany, Oregon. The Bank also operates Home Loan Centers in Bend, Eugene, Grants Pass, Medford, Portland, Tualatin, and West Linn, Oregon, Vancouver, Spokane, Newport and Yakima, Washington, and Coeur d'Alene and Meridian, 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

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