Last $1.57 USD
Change Today 0.00 / 0.00%
Volume 1.2K
FOFN On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

four oaks fincorp inc (FOFN) Snapshot

Open
$1.57
Previous Close
$1.57
Day High
$1.57
Day Low
$1.57
52 Week High
06/17/14 - $2.22
52 Week Low
02/5/14 - $0.92
Market Cap
50.3M
Average Volume 10 Days
10.2K
EPS TTM
$0.34
Shares Outstanding
32.0M
EX-Date
11/26/10
P/E TM
4.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for FOUR OAKS FINCORP INC (FOFN)

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four oaks fincorp inc (FOFN) Details

Four Oaks Fincorp, Inc. operates as the holding company for Four Oaks Bank & Trust Company that provides general commercial banking services. The company provides various deposit products, such as checking, savings, money market, and interest checking accounts, as well as certificates of deposits, Christmas club, overdraft, and e-statement services. Its loan portfolio includes residential real estate mortgage, commercial real estate, financial, agricultural, commercial inventory, accounts receivable, installment, interest only, home improvement, construction, and consumer loans, as well as equity line of credit and credit cards. The company also offers wealth management services, including financial planning and investment services; individual retirement accounts; and life insurance, long term care, and annuity products. In addition, it provides bank access services, such as Internet, telephone, and mobile banking services; and automated teller machines and night depository services. Further, the company offers merchant services comprising remote deposit capture, ATM cards, VISA debit cards, and automated clearing house services; and other services consisting of cashier’s checks, traveler’s check cards, gift cards, safe deposit boxes, bill pay services, wire services, notary services, and electronic funds transfer services. It operates through approximately 13 offices in eastern and central North Carolina. The company is headquartered in Four Oaks, North Carolina.

171 Employees
Last Reported Date: 03/31/14

four oaks fincorp inc (FOFN) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $267.7K
Chief Banking Officer, Executive Vice Preside...
Total Annual Compensation: $155.4K
Consultant
Total Annual Compensation: $166.8K
Compensation as of Fiscal Year 2013.

four oaks fincorp inc (FOFN) Key Developments

Four Oaks Fincorp Inc. Announces Executive Resignations

Four Oaks Fincorp Inc. announced that Percy Y. Lee resigned as a member of the Board of Directors. Mr. Lee's resignation was in accordance with the Company's Director Agreement, which imposes a mandatory director resignation by December 31, 2014 for each director who was appointed prior to November 15, 2004 and was also above the age of 60 as of such date. Also on December 31, 2014, William J. Edwards resigned as a member of the Board. Mr. Edwards's resignation was also in accordance with the company's Director Agreement, which imposes a mandatory director resignation by year end of the year in which such director reaches age 70.

Four Oaks Fincorp Inc. Approves Amendment to Articles of Incorporation

Four Oaks Fincorp Inc. announced that at the Special Meeting of Shareholders held on October 27, 2014 approved an amendment to the company's articles of incorporation that will restrict certain transfers of the company's capital stock in order to preserve the tax treatment of certain net operating losses And other tax benefits.

Four Oaks Fincorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge-Offs for the Third Quarter Ended September 30, 2014

Four Oaks Fincorp Inc. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net loss of $8.6 million compared to net income of $79,000 for the same period in 2013. Net interest income before the provision for loan losses totaled $5.3 million as compared to $5.3 million for the same period in 2013. With the effect of the capital raise, book value per share decreased to $1.25 per share at September 30, 2014. For the nine months, the company reported net loss of $4.8 million compared to net income of $52,000 for the same period in 2013. Net interest income before the provision for loan losses totaled $16.1 million as compared to $15.6 million for the same period in 2013. The company had net charge-offs totaling $9.6 million during the third quarter ended September 30, 2014 as compared to $1.7 million for the same periods of 2013.

 

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FOFN

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Valuation FOFN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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