Bank of Oak Ridge

2211 Oak Ridge Road
Oak Ridge, NC 27310

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35365
Date Established 2000
Assets $0.41 billion
Loans $0.32 billion
Deposits $0.34 billion
Capital $0.04 billion

Bank of Oak Ridge is an FDIC insured institution located in Oak Ridge, NC. It was founded in 2000 and has approximately $0.41 billion in assets. Customers can open an account at one of its 4 branches.

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.

Bank Loan Profile?

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

Compared to other banks, Bank of Oak Ridge’s loan portfolio does not show any specific loan specialty.

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 31.79
Multifamily
Mortgages
2.75
Credit Card Loans 0.15
Consumer Auto Loans 0.00
Small Business Loans 19.46
Construction and Development Loans 11.12
Commercial Real Estate 39.27
Commercial and Industrial Loans 14.23
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.08% $3,500 - Learn MoreShow Less
6 Mo CD 10K
0.10% $3,500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.05% $50 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.15% $3,500 - Learn MoreShow Less
Special: 13 Mo FIRA
0.35% $3,500 - Learn MoreShow Less
Special: 23 Mo FIRA
1.01% $3,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.85% $1 $19,999 Learn MoreShow Less

Loan Rates

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $1,176 Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

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

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
6.77% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Oak Ridge had $2,974,000 in non-current loans and $4,000 in owned real estate. To cover these potential losses it had $40,315,000 in equity and $3,654,000 in loans loss reserves. That gives it a Texas Ratio of 6.77%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Oak Ridge U.S. Bank Average
8.18% 8.58

Bank of Oak Ridge has a Return on Equity of 8.18% versus the BestCashCow average of 8.58. 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
9.85% 12.11

Bank of Oak Ridge has a Capitalization of 9.85% versus the BestCashCow average of 12.11. 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, 2017, Bank of Oak Ridge had assets of $409,244,000, loans of $322,043,000, and deposits of $341,977,000. 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.

Frequently Asked Questions About Bank of Oak Ridge

Branches and Savings

Is Bank of Oak Ridge FDIC insured?

Yes. It is covered under FDIC Certificate #35365.

Why does Bank of Oak Ridge pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank of Oak Ridge CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank of Oak Ridge a commercial bank?

Yes

Where are Bank of Oak Ridge locations?

See branch locations nearby.

Is Bank of Oak Ridge open on Saturdays?

Is Bank of Oak Ridge open on Sundays?

What time does Bank of Oak Ridge open?

What time does Bank of Oak Ridge close?

Are Bank of Oak Ridge ATMs Open 24/7?

Do Bank of Oak Ridge ATMs accept cash deposits?

Can Bank of Oak Ridge customers use other ATMs?

Do Bank of Oak Ridge branches have notaries?

Will Bank of Oak Ridge notarize my document?

What address for Bank of Oak Ridge should I put for incoming ACH transfers?

Will the Bank of Oak Ridge branch print checks?

Do Bank of Oak Ridge checks expire?

Does Bank of Oak Ridge require US citizenship to open account?

Can Bank of Oak Ridge close my account?

Does Bank of Oak Ridge Report to credit bureaus?

Does Bank of Oak Ridge Use Equifax?

What is Bank of Oak Ridge's ACH Routing Number?

What is Bank of Oak Ridge's SWIFT code?

Products

Does Bank of Oak Ridge offer mortgages?

Compare mortgage rates here.

Does Bank of Oak Ridge offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Oak Ridge offer personal loans?

Compare personal loan rates here.

Does Bank of Oak Ridge offer student loans?

Will Bank of Oak Ridge cash a check?

Will Bank of Oak Ridge redeem a savings bond?

Does Bank of Oak Ridge cash savings bonds?

Will Bank of Oak Ridge cash money orders?

Can Bank of Oak Ridge issue a money order?

Does Bank of Oak Ridge do currency exchange?

Background on The Bank

Who owns Bank of Oak Ridge?

How long has Bank of Oak Ridge been around?

Can Bank of Oak Ridge transfer to other banks?

Does Bank of Oak Ridge have quick pay?

Does Bank of Oak Ridge accept rolled coins?

Will Bank of Oak Ridge accept loose change?

Where is Bank of Oak Ridge headquarters?

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