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Oak Ridge Financial Services, Inc. reports developments as the OTC Pink holding company for Bank of Oak Ridge, a community bank serving the Triad with business and personal banking, digital banking, deposit accounts, lending, SBA, mortgage, insurance and wealth management services.
Company news centers on unaudited quarterly and annual results, cash dividend declarations and increases, net interest income and margin trends, funding costs, credit-loss provision, credit quality, service charges, mortgage banking income, SBA loan-sale activity, securities gains, and board and executive leadership changes.
Oak Ridge Financial Services (OTCPink: BKOR) reported unaudited second quarter 2026 EPS of $0.79, slightly below $0.81 a year earlier but up from $0.53 in Q1 2026. Quarterly net income was $2.2 million. Annualized return on average equity was 12.10% versus 14.13% in Q2 2025 and 8.24% in Q1 2026.
The company declared a quarterly cash dividend of $0.16 per common share, up from $0.14 a year ago, payable on September 2, 2026 to shareholders of record on August 18, 2026. Net interest income rose to $7.1 million, with a record net interest margin of 4.51%. Tangible book value per share increased to $26.83, and total stockholders’ equity reached $74.3 million. Loans were $522.1 million and deposits $505.8 million, with nonperforming assets at 1.42% of total assets, including $9.4 million of SBA-related nonperforming loans carried at net realizable value.
Oak Ridge Financial Services (OTCPink: BKOR), parent of Bank of Oak Ridge, has appointed Paul Fedorkowicz to its Board of Directors. Fedorkowicz has over 30 years of executive leadership experience in public accounting, finance, audit, corporate governance, and business operations.
He is a retired Partner of Cherry Bekaert, where he served in senior roles including Audit Partner, Partner in Charge, and Partner and Chief Administrative Officer, and previously worked as a Senior Manager at KPMG. According to the company, his appointment supports its focus on responsible leadership, sustainable growth, and strong governance as it serves individuals, businesses, and nonprofits in its North Carolina communities.
Oak Ridge Financial Services (OTC Pink: BKOR) reported first-quarter 2026 results and raised its quarterly cash dividend 14% to $0.16 per share, payable June 9, 2026 to shareholders of record May 26, 2026. Q1 EPS was $0.53; tangible book value per share was $25.99 at March 31, 2026.
The quarter included three non-recurring items: a one-time interest income correction of $291,000, a $700,000 provision for credit losses, and a $224,000 gain on sale of securities. Total borrowings fell 49.8% year-over-year and total stockholders’ equity rose 12.0%.
Oak Ridge Financial Services (OTCPink: BKOR) announced on March 31, 2026 the promotion of Kevin Reid to Executive Vice President. Reid joined Bank of Oak Ridge in 2021 and most recently served as Chief Financial Officer, Information Security Officer, and head of Information Technology.
Reid is a North Carolina CPA with a BBA in Accounting from Radford University, over a decade of public accounting and auditing experience, and serves as a trustee of the bank’s Employee Stock Ownership Plan. The company framed the promotion as reinforcing leadership, disciplined growth, and long-term value creation.
Oak Ridge Financial Services (OTCPink: BKOR) reported unaudited results for Q4 and full-year 2025 and declared a quarterly cash dividend of $0.14 per share payable March 3, 2026.
Key 2025 metrics: EPS $2.92 (up 42%); net income $8.0M; tangible book value per share $26.01 (up 13%); net interest margin 4.11%; nonperforming assets 1.07% of assets.
Oak Ridge Financial Services (OTCPink: BKOR) reported third quarter 2025 results and a quarterly cash dividend of $0.14 per share payable December 1, 2025 to holders of record on November 14, 2025.
Key metrics: EPS (diluted) $0.69 (up from $0.54 YoY), net interest margin 4.18% (up 37 bps YoY), tangible book value $24.98, efficiency ratio 59.0% (improved from 67.9 YoY), loans $528.3M, deposits $543.2M, and total stockholders’ equity $68.5M (up 11.8% YoY). Nonperforming assets rose to 0.84% of total assets, driven by several SBA 7(a) loans now in nonaccrual status; provision for credit losses was $877,000 for the quarter. Management highlighted revenue growth, improved NII and noninterest income, and continued capital and liquidity strength.
Bank of Oak Ridge (OTCPink: BKOR) has appointed Darryl Jones to its Board of Directors. Jones brings over 35 years of executive experience in information technology, enterprise systems, data governance, risk management, and digital transformation.
Currently serving as Director of Systems and Operations at Winston-Salem State University, Jones previously held the position of Chief Information Officer for the City of Greensboro and served on the Board of Directors of the City of Greensboro Credit Union. CEO Tom Wayne highlighted Jones's leadership and technology expertise as valuable additions to strengthen the bank's service capabilities.
Bank of Oak Ridge (OTCPink: BKOR) announced the retirement of Steve Neal from its Board of Directors after more than 20 years of dedicated service. Neal, who served while also holding the position of Vice President of Summerfield Feed Mill, Inc., brought valuable experience as a business leader and U.S. Navy veteran.
CEO and Board Chair Tom Wayne praised Neal's role as a trusted leader and community advocate, while Board Vice Chair Doug Boike highlighted Neal's leadership qualities of wisdom, integrity, and genuine care for others. Neal's tenure has been marked by his significant contributions to strengthening the bank's community-focused mission in the Triad area.
Bank of Oak Ridge (OTCPink: BKOR) announced key leadership transitions effective July 22nd, 2025. Tom Wayne, the current CEO, has been promoted to Chair of the Board of Directors, while maintaining his CEO position. Doug Boike, who served as Chair since the bank's founding in 2000, will transition to the role of Vice-Chair & Lead Director.
The leadership changes reflect the organization's growth strategy and commitment to strong governance. Boike brings significant experience and community involvement, including leadership roles with the Greensboro Symphony Orchestra and North Carolina Brass Band. The bank's board and executive team remain focused on meeting the evolving needs of clients in the Triad area.
Oak Ridge Financial Services (OTCPink: BKOR) reported strong Q2 2025 financial results, with diluted EPS of $0.81, up from $0.57 in Q1 2025 and $0.46 in Q2 2024. The company demonstrated robust performance with a 14.13% return on average equity and improved net interest margin of 4.16%. Total loans increased to $537.5 million, up 8.8% year-over-year, while deposits grew to $547.5 million, a 7.7% increase from Q2 2024.
The bank's efficiency ratio improved significantly to 59.1%, though nonperforming assets increased to 0.73% due to eight SBA loans. The Board declared a quarterly cash dividend of $0.14 per share, payable on September 3, 2025. Net interest income rose to $6.8 million, with noninterest income reaching $1.2 million, boosted by a $329,000 gain from SBA loan sales.