CONTINGENCIES |
6 Months Ended |
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Jun. 30, 2026 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| CONTINGENCIES | CONTINGENCIES The nature of the Company’s business generates a certain amount of litigation involving matters arising out of the ordinary course of business. Except as described below, in the opinion of management, there are no legal proceedings that might have a material effect on the results of operations, liquidity, or the financial position of the Company at this time. On May 29, 2026, the Company reported that it had received notice from a third-party vendor, Mercadien, P.C., Certified Public Accountants, that Mercadien had experienced a cybersecurity incident whereby a third-party gained unauthorized access to sensitive personal information of certain of the Company’s customers. The Company’s information systems and networks were not accessed, compromised or affected by the incident. Mercadien informed the Company that there is currently no indication that the Company’s customer information has been misused. The Company subsequently notified impacted customers of the incident and offered credit monitoring services. Between June 22, 2026 and July 6, 2026, impacted customers of the Bank filed putative class action complaints against the Company, the Bank and Mercadein in federal courts in New Jersey and Pennsylvania in cases captioned Lowe v. Mercadien, P.C., CPAS, Orrstown Fin. Servs., Inc., and Orrstown Bank; Monninger v. Mercadien P.C., CPAS, and Orrstown Bank; and Berry v. Mercadien, P.C., CPAS and Orrstown Bank. The complaints are similar in nature and allege, among other things, negligence, breach of implied contract, and breach of the implied covenant of good faith and fair dealing, and seek monetary damages and injunctive/equitable relief. The Lowe and Monninger cases have been consolidated in the U.S. District Court, District of New Jersey into the case captioned In re Mercadien, P.C., CPAs. The Company believes that the allegations and claims against the Company and the Bank set forth in the complaints are without merit. Based on information available at present, it is not possible at this time to reasonably estimate possible losses, or even a range of reasonably possible losses, in connection with the litigation.
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