Bank of Oak Ridge

Headquarters

2211 Oak Ridge Rd
Oak Ridge, NC 27310
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 4.08% →
1-Year CD N.A. 4.71% →
2-Year CD N.A. 4.73% →
5-Year CD N.A. 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Bank Information

Bank of Oak Ridge is an FDIC insured institution located in Oak Ridge, NC. It was founded in 2000 and has approximately $0.61 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 35365
Date Established 2000
Assets $ 608.35 million
Loans $ 427.62 million
Deposits $ 540.42 million
Capital $ 60.35 million
 

For a more detailed analysis of Bank of Oak Ridge's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 4, 2022

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 4, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Oak Ridge

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
7.138% 6.990%
1.00 points
$3,750 fees
$1,662 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.400% 7.250%
1.00 points
$3,750 fees
$1,706 Learn More
Eligibility.org
NMLS ID: 1907

points
fees
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 6.490 %
After Intro: 7.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.240 %
$0 Learn More
More Info

Note to Bank of Oak Ridge
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Branches

Bank of Oak Ridge branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank of Oak Ridge Locations



Climate Initiatives

Bank of Oak Ridge is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Bank of Oak Ridge Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Oak Ridge. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Oak Ridge U.S. Bank Average
1.36% 4.06%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2022, Bank of Oak Ridge had $884,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $60,351,000 in equity and $4,774,000 in loans loss reserves. That gives it a Texas Ratio of 1.36%.

Return on Equity
Bank of Oak Ridge U.S. Bank Average
12.21% 9.98%

Bank of Oak Ridge has a Return on Equity of 12.21% versus the BestCashCow average of 9.98%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Oak Ridge U.S. Bank Average
9.92% 10.23%

Bank of Oak Ridge has a Capitalization of 9.92% versus the BestCashCow average of 10.23. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Oak Ridge Balance Sheet Analysis

As of June 30, 2022, Bank of Oak Ridge had assets of $608,346,000, loans of $427,624,000, and deposits of $540,418,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2022
ASSETS
Cash & Balances due from depository institutions $ 40.37 million
Interest-bearing balances $ 28.64 million
Total securities $ 84.41 million
Federal funds sold and reverse repurchase $ 31.21 million
Net loans and leases $ 427.62 million
Loan loss allowance $ 4.77 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 14.27 million
     Total Assets $ 548.00 million
LIABILITIES
Total deposits $ 540.42 million
      Interest-bearing deposits $ 422.18 million
      Deposits held in domestic offices $ 540.42 million
      % insured (estimated) 82.18%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 7.58 million
      Total Liabilities $ 548.00 million
      Shareholders’ Equity $ 60.35 million

Summary Income Statement

June 30, 2022
INCOME AND EXPENSES
Total Interest Income $ 11.53 million
Total Interest Expense $ 0.50 million
Net interest income $ 11.03 million
Provision for loan and lease losses N.A.
Total non interest income $ 2.08 million
Total non interest expense $ 8.51 million
Pre-tax Net Operating Income $ 4.62 million

Bank Loan Profile?

The top three loan types in Bank of Oak Ridge’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in North Carolina, Bank of Oak Ridge has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.93
Multifamily
Mortgages
5.17
Credit Card Loans 0.19
Consumer Auto Loans 0.00
Small Business Loans 20.33
Construction and Development Loans 4.84
Commercial Real Estate 55.72
Commercial and Industrial Loans 15.61
Farm Loans 0.00

Customer Reviews for Bank of Oak Ridge


  • April 30, 2021 |

    Has this bank been hit by ransomware-they state that their server has been down 4 days. Sound like something other than a server issue.

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