Last $7.62 USD
Change Today 0.00 / 0.00%
Volume 0.0
BKOR On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

oak ridge financial services (BKOR) Snapshot

Open
$7.70
Previous Close
$7.62
Day High
$7.70
Day Low
$7.62
52 Week High
08/12/14 - $7.82
52 Week Low
04/22/14 - $6.55
Market Cap
13.8M
Average Volume 10 Days
595.6
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 Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Oak Ridge Financial Services, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company recorded quarterly net income of $539,000 compared to net income of $445,000 for the third quarter of 2013, an increase of $94,000. Net income available to common shareholders for the third quarter of 2014 was $366,000 compared to income available to common shareholders of $268,000 for the third quarter of 2013, an increase of $98,000. Basic and diluted income per common share increased $0.03 to $0.18 for the third quarter of 2014 compared to diluted income per common share of $0.15 in the third quarter of 2013. Profitability as measured by the Company's annualized return on average assets was 0.60% and 0.54% for the three months ended September 30, 2014 and 2013, respectively. The company produced net interest income of $3.4 million during the third three months of 2014, which was lower than the $3.6 million generated for the same time period of 2013. Net interest income for the three months ended September 30, 2013 was higher primarily due to nonaccrual interest that was collected as a result of the resolution of a loan relationship. Income before income taxes was $0.755 million against $0.739 million a year ago. Return on average common shareholders' equity was 6.97% against 8.70% a year ago. For the nine months, the company recorded net income of $1.52 million compared to net income of $879,000 for the same period of 2013, an increase of $643,000. Net income available to common shareholders for the nine months ended September 30, 2014 was $1.08 million compared to income available to common shareholders of $346,000 for the same period of 2013, an increase of $734,000. Basic and diluted income per common share increased $0.36 to $0.55 for the nine months ended September 30, 2014 compared to basic and diluted income per common share of $0.19 in the same period of 2013. The annualized return on average assets was 0.57% and 0.35%, respectively. The company produced net interest income of $10.2 million during the nine months ended September 30, 2014, which was $104,000 higher than the $10.1 million generated for the same time period of 2013. The increase was primarily caused by higher interest income, which increased $146,000 or approximately 1.3% to $11.5 million for the nine months ended September 30, 2014 as compared to the same time period of the prior year. Income before income taxes was $2.047 million against $1.306 million a year ago. Return on average common shareholders' equity was 6.57% against 6.19% a year ago.

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.

 

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