Bank of Oak Ridge in Oak Ridge, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Oak Ridge - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Name Change
    Change in Location
  • Financial Summary
  • Total 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
  • 105Total employees (full-time equivalent)
  • $351,868Total assets
  • $22,490Cash and due from depository institutions
  • $21,376Interest-bearing balances
  • $56,423Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $251,641Net loans & leases
  • $4,446Loan loss allowance
  • $0Trading account assets
  • $7,615Bank premises and fixed assets
  • $2,216Other real estate owned
  • $0Goodwill and other intangibles
  • $351,868Life insurance assets
  • $11,483All other assets
  • $319,294Total liabilities and capital
  • $317,258Total liabilities
  • $286,921Total deposits
  • $317,258Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,036Subordinated debt
  • $32,574All other liabilities
  • $32,574Total equity capital
  • $32,574Total bank equity capital
  • $0Perpetual preferred stock
  • $5,370Common stock
  • $23,660Surplus
  • $3,544Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $808Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,607Income earned, not collected on loans
  • $0Earning assets
  • $1,554Long-term assets (5+ years)
  • $329,440Average Assets, year-to-date
  • $106,136Average Assets, quarterly
  • $350,619Volatile liabilities
  • $351,116Insider loans
  • $257,606FHLB advances
  • $349,264Loans and leases held for sale
  • $4,939Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,405Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,939Total unused commitments
  • $23,300Restructured Loans and leases
  • $3,988Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,521Total interest income
  • $3,291Total interest expense
  • $14,230Net interest income
  • $3,977Provision for loan and lease losses
  • $3,044Total noninterest income
  • $0Fiduciary activities
  • $469Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,575Additional noninterest income
  • $13,237Total noninterest expense
  • $6,788Salaries and employee benefits
  • $1,747Premises and equipment expense
  • $4,702Additional noninterest expense
  • $60Pre-tax net operating income
  • $415Securities gains (losses)
  • $61Applicable income taxes
  • $414Income before extraordinary items
  • $0Extraordinary gains - net
  • $414Net income attributable to bank
  • $0Net charge-offs
  • $414Cash dividends
  • $3,907Sale, conversion, retirement of capital stock, net
  • $544Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.35%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 4.34%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 4.04%Noninterest expense to earning assets
  • 0.02%Net operating income to assets
  • 0.12%Return on assets (ROA)
  • 0.14%Pretax return on assets
  • 1.33%Return on equity (ROE)
  • -0.42%Retained earnings to average equity (YTD only)
  • 1.54%Net charge-offs to loans
  • 101.79%Credit loss provision to net charge-offs
  • 1.03%Efficiency ratio
  • 76,630Assets per employee
  • 3.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 131.40%Loss allowance to loans
  • 1.74%Loss allowance to noncurrent loans
  • 96.51%Noncurrent assets plus other real estate owned to assets
  • 1.94%Noncurrent loans to loans
  • 1.80%Net loans and leases to deposits
  • 79.32%Net loans and leases to core deposits
  • 93.20%Equity capital to assets
  • 9.26%Core capital (leverage) ratio
  • 8.99%Tier 1 risk-based capital ratio
  • 12.19%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $350,619Average earning assets
  • $31,173Average equity
  • $327,771Average loans

List of branches

  • 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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