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Last $9.45 USD
Change Today 0.00 / 0.00%
Volume 200.0
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

oak ridge financial services (BKOR) Snapshot

Open
$9.55
Previous Close
$9.45
Day High
$9.55
Day Low
$9.45
52 Week High
06/23/15 - $10.50
52 Week Low
10/15/14 - $6.95
Market Cap
20.6M
Average Volume 10 Days
290.0
EPS TTM
--
Shares Outstanding
2.2M
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.

oak ridge financial services (BKOR) Top Compensated Officers

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Executives, Board Directors

oak ridge financial services (BKOR) Key Developments

Oak Ridge Financial Services, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015

Oak Ridge Financial Services, Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $3,351,000 against $3,403,000 a year ago. Net interest income after provision for loan losses was $3,651,000 against $3,053,000 a year ago. The decrease was primarily caused by higher interest expense, which increased $45,000 or approximately 9.9% to $498,000 for the three months ended June 30, 2015 as compared to the same time period of the prior year. Income before income taxes was $1,244,000 against $766,000 a year ago. Net income available to common stockholders was $738,000 against $402,000 a year ago. Diluted income per common share was $0.34 against $0.21 a year ago. Return on average assets was 0.95% against 0.65% a year ago. For the six months, the company reported net interest income of $6,712,000 against $6,742,000 a year ago. Net interest income after provision for loan losses was $6,987,000 against $5,932,000 a year ago. The decrease was primarily caused by higher interest expense, which increased $122,000 or approximately 13.6% to $1.0 million for the six months ended June 30, 2015 as compared to the same time period of the prior year. Income before income taxes was $2,262,000 against $1,292,000 a year ago. Net income available to common stockholders was $1,569,000 against $983,000 a year ago. Diluted income per common share was $0.61 against $0.37 a year ago.

Oak Ridge Financial Services and Bank of Oak Ridge Appoint Thomas Wayne as COO

Oak Ridge Financial Services, Inc. announced Thomas Wayne was named COO of the company and its unit, Bank of Oak Ridge. In addition, Brady Young, who serves as senior vice president and head of retail banking, will be under Wayne's direct reporting team. Wayne has been with the bank since 2000, and has served as executive vice president and CFO at Bank of Oak Ridge. He became a board member of the company and the bank in March 2014.

Oak Ridge Financial Services, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Oak Ridge Financial Services, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest and dividend income of $3,884 against 3,787 a year ago. Net interest income was $3,361 against $3,340 a year ago. The increase was primarily caused by higher interest income, which increased $97,000 or approximately 2.6% to $3.9 million for the first three months of 2015 as compared to the same time period of the prior year. Net interest income after provision for loan losses was $3,336 against $2,880 a year ago. Income before income taxes was $1,018 against $527 a year ago. Net income was $714 against $408 a year ago. Income available to common stockholders was $597 against $312 a year ago. Diluted income per common share was $0.27 against $0.16 a year ago. Return on average assets as at March 31, 2015 was 0.80% against 0.47% a year ago. Return on average common stockholders' equity as at March 31, 2015 was 10.96% against 6.57% a year ago.

 

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