Bank of Oak Ridge in Oak Ridge, North Carolina (NC)

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Bank of Oak Ridge routing number info

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Bank of Oak Ridge
GeneralFDIC Certificate #: 35365
Status: Active
Federal Reserve ID: 2903123
Bank Holding Company (Regulatory Top Holder): Oak Ridge Financial Services, Inc. (RSSDID: 3587427, Location: Oak Ridge, NC)
Date Established: April 10, 2000
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 78827
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: April 10, 2000
Last Structure Change Effective Date: April 06, 2009
Last Structure Change Process Date: April 07, 2009
Last Data Update: April 07, 2009
Data Source Date: April 05, 2012
LocationAddress: 2211 Oak Ridge Road, Oak Ridge, NC 27310
County: Guilford
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Charlotte
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120)
Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
Core Based Statistical Area (CBSA): Greensboro-High Point, NC (#24660)
CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
History of ChangesName Change
Change in Location
Financial SummaryTotal assets: $351.9 mil
Equity capital: $32.6 mil
Deposits held in domestic offices: $317.3 mil
Return on assets (ROA): 0.12% ($0.4 mil)
Quarterly return on assets: 0.04% ($0.1 mil)
Return on Equity (ROE): 1.33% ($0.4 mil)
Quarterly return on equity: 0.43% ($0.1 mil)
Net income: $0.4 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.14% ($492.6 mil)
Quarterly Pretax return on assets: 0.05% ($175.9 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)105
Total assets$351,868
Cash and due from depository institutions$22,490
Interest-bearing balances$21,376
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$251,641
Loan loss allowance $4,446
Trading account assets$0
Bank premises and fixed assets$7,615
Other real estate owned$2,216
Goodwill and other intangibles$0
All other assets$11,483
Life insurance assets$351,868
Total liabilities and capital$319,294
Total liabilities$317,258
Total deposits$286,921
Interest-bearing deposits$317,258
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,036
All other liabilities $32,574
Total equity capital$32,574
Total bank equity capital$32,574
Perpetual preferred stock$0
Common stock$5,370
Undivided profits $3,544
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $808
Income earned, not collected on loans $4,607
Earning assets $0
Long-term assets (5+ years) $1,554
Average Assets, year-to-date $329,440
Average Assets, quarterly $106,136
Volatile liabilities $350,619
Insider loans $351,116
FHLB advances $257,606
Loans and leases held for sale $349,264
Unused loan commitments $4,939
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $31,405
Total risk weighted assets $0
Total unused commitments $4,939
Restructured Loans and leases $23,300
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $17,521
Total interest expense $3,291
Net interest income $14,230
Provision for loan and lease losses $3,977
Total noninterest income $3,044
Fiduciary activities $0
Service charges on deposit accounts $469
Trading account gains & fees $0
Additional noninterest income $2,575
Total noninterest expense $13,237
Salaries and employee benefits $6,788
Premises and equipment expense $1,747
Additional noninterest expense $4,702
Pre-tax net operating income $60
Securities gains (losses) $415
Applicable income taxes $61
Income before extraordinary items $414
Extraordinary gains - net $0
Net income attributable to bank $414
Net charge-offs $0
Cash dividends $414
Sale, conversion, retirement of capital stock, net $3,907
Net operating income $544
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.35%
Cost of funding earning assets 1.00%
Net interest margin 4.34%
Noninterest income to earning assets 0.93%
Noninterest expense to earning assets 4.04%
Net operating income to assets 0.02%
Return on assets (ROA) 0.12%
Pretax return on assets 0.14%
Return on equity (ROE) 1.33%
Retained earnings to average equity (YTD only) -0.42%
Net charge-offs to loans 1.54%
Credit loss provision to net charge-offs 101.79%
Efficiency ratio1.03%
Assets per employee$76,630
Cash dividends to net income (YTD only)3.35%
Condition Ratios (%)
Loss allowance to loans 131.40%
Loss allowance to noncurrent loans 1.74%
Noncurrent assets plus other real estate owned to assets 96.51%
Noncurrent loans to loans 1.94%
Net loans and leases to deposits1.80%
Net loans and leases to core deposits 79.32%
Equity capital to assets 93.20%
Core capital (leverage) ratio 9.26%
Tier 1 risk-based capital ratio 8.99%
Total risk-based capital ratio 12.19%
Average assets$13
Average earning assets$350,619
Average equity $31,173
Average loans $327,771
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5 North Carolina Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
078827Bank Of Oak Ridge2211 Oak Ridge Road, Oak Ridge, NC 27310April 10, 2000Full Service Brick and Mortar
1424743Summerfield Branch4431 Highway 220 North, Summerfield, NC 27358April 29, 2003Full Service Brick and Mortar
2444148New Garden Branch1597 New Garden Road, Greensboro, NC 27410August 29, 2005Full Service Brick and Mortar
3452372Irving Park Branch2102 North Elm Street, Suite C, Greensboro, NC 27408June 08, 2006Full Service Brick and Mortar
4470813Lake Jeanette Branch400 Pisgah Church Road, Greensboro, NC 27455January 29, 2008Full Service Brick and Mortar
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