Last $7.25 USD
Change Today 0.00 / 0.00%
Volume 0.0
BKOR On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

oak ridge financial services (BKOR) Snapshot

Open
$7.23
Previous Close
$7.25
Day High
$7.25
Day Low
$7.23
52 Week High
03/10/14 - $7.48
52 Week Low
07/24/13 - $3.95
Market Cap
13.1M
Average Volume 10 Days
1.4K
EPS TTM
--
Shares Outstanding
1.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OAK RIDGE FINANCIAL SERVICES (BKOR)

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oak ridge financial services (BKOR) Details

Oak Ridge Financial Services, Inc. operates as a bank holding company for Bank of Oak Ridge that provides various banking products and services primarily to individuals, and small and medium size businesses in North Carolina. The company accepts various deposit products, such as non-interest bearing checking accounts, interest bearing checking and savings accounts, money market accounts, and certificates of deposit, as well as time deposits. It originates commercial loans, including secured and unsecured loans for working capital, expansion, and other business purposes; consumer loans, such as automobile loans, boat and recreational vehicle financing, home equity and home improvement loans, and miscellaneous secured and unsecured personal loans; construction and development loans consisting of one-to-four family residential construction loans for the construction of custom homes, as well as financing to builders and consumers for the construction of homes; commercial mortgage loans; and small business administration guaranteed loans. The company also offers financial planning services; sells investment products, such as mutual funds, equities, and fixed and variable annuities; and provides on-line and mobile banking services, as well as credit cards. It operates through a network of five branch offices in Oak Ridge, Summerfield, and Greensboro, North Carolina. The company was founded in 2000 and is based in Oak Ridge, North Carolina.

89 Employees
Last Reported Date: 03/25/13
Founded in 2000

oak ridge financial services (BKOR) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $214.8K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $137.3K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $146.2K
Compensation as of Fiscal Year 2012.

oak ridge financial services (BKOR) Key Developments

Oak Ridge Financial Services, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Half Year Ended June 30, 2014

Oak Ridge Financial Services, Inc. announced unaudited consolidated financial results for the second quarter and half year ended June 30, 2014. For the quarter, total interest and dividend income was $3,856,000 against $3,714,000 a year ago. Net interest income was $3,403,000 against $3,256,000 a year ago. Income before income taxes was $766,000 against $284,000 a year ago. Net income available to common stockholders was $402,000 or $0.21 per basic and diluted share against $41,000 or $0.02 per basic and diluted share a year ago. Annualized return on average assets was 0.65% and 0.25% for the three months ended June 30, 2014 and 2013, respectively. Return on average shareholders' equity was 8.70% against 6.57% for the quarter ended March 31, 2014. The net interest income increase was primarily caused by higher interest income, which increased $142,000 or approximately 3.8% to $3.9 million for the second three months of 2014 as compared to the same time period of the prior year. For the half year, total interest and dividend income was $7,642,000 against $7,354,000 a year ago. Net interest income was $6,742,000 against $6,441,000 a year ago. Income before income taxes was $1,292,000 against $567,000 a year ago. Net income available to common stockholders was $714,000 or $0.37 per basic and diluted share against $78,000 or $0.04 per basic and diluted share a year ago. For the six months ended June 30, 2014 and 2013, the annualized return on average assets was 0.56% and 0.25%, respectively. The net interest income increase was primarily caused by higher interest income, which increased $288,000 or approximately 3.9% to $7.6 million for the six months ended June 30, 2014 as compared to the same time period of the prior year.

Oak Ridge Financial Services, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Oak Ridge Financial Services, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total interest and dividend income of $3,787,000 compared to $3,641,000 a year ago. Net interest income was $3,340,000 compared to $3,185,000 a year ago. Net interest income after provision for loan losses was $2,880,000 compared to $2,819,000 a year ago. Income before income taxes was $527,000 compared to $283,000 a year ago. Income available to common stockholders was $312,000 or $0.16 per basic and diluted share compared to $38,000 or $0.02 per basic and diluted share a year ago. Annualized return on average assets was 0.47% and 0.26% for the three months ended March 31, 2014 and 2013, respectively. The increase in net interest income was primarily caused by higher interest income, which increased $146,000 or approximately 4.0% to $3.8 million for the first three months of 2014 as compared to the same time period of the prior year.

Oak Ridge Financial Services, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Oak Ridge Financial Services, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company’s total interest and dividend income was $4,035,000 against $3,867,000 a year ago. Net interest income was $3,599,000 compared to $3,358,000 for the same period in 2012. Net interest income after provision for loan losses was $3,032,000 compared to $2,525,000 for the same period in 2012. Income before income taxes was $707,000 compared to $16,000 for the same period in 2012. Profit available to common stockholders was $245,000 or $0.14 per basic and diluted share compared to loss available to common stockholders of $109,000 or $0.06 per basic and diluted share for the same period in 2012. Return on average assets was 0.49% against 0.07% a year ago. For the nine months, the company’s total interest and dividend income was $11,389,000 against $11,992,000 a year ago. Net interest income was $10,040,000 compared to $10,148,000 for the same period in 2012. The decline was primarily caused by lower interest income, which decreased $603,000 or approximately 5.0% to $11.4 million for the first nine months of 2013 as compared to the same time period of the prior year. Net interest income after provision for loan losses was $8,761,000 compared to $6,729,000 for the same period in 2012. Income before income taxes was $1,274,000 compared to loss before income taxes of $1,199,000 for the same period in 2012. Income available to common stockholders was $323,000 or $0.18 per basic and diluted share compared to loss available to common stockholders of $1,116,000 or $0.62 per basic and diluted share for the same period in 2012. Return on average assets was 0.33% against loss on average assets of 0.23% a year ago.

 

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