Oak Ridge Finl Servs (OTC:BKOR) Stock, Quote.Headers.trade-ideas

Oak Ridge Finl Servs

Oak Ridge Financial Services Inc is the holding company. The company is an independent, full-service financial services firm providing private client and investment banking services to individual, institutional and corporate customers. It provides financial services through its branch network located in Guilford County and North Carolina.

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OAK RIDGE FINCL SVCS INC by Oak Ridge Financial Services, Inc.

Oak Ridge Financial Services Inc

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Iridium Communications (NASDAQ: <a class="ticker" href="/stock/irdmw#NASDAQ">IRDMW</a>) shares dipped 19.42% to $0.83 at 9:55 am. Iridium's CEO Matthew J. Desch will speak at the UBS 40th Annual Global Media &amp; Communications Conference in New York City on December 5, 2012.

Oak Ridge Financial Services (NASDAQ: <a class="ticker" href="/stock/bkor#NASDAQ">BKOR</a>) shares lost 13.27% to $4.25. Oak Ridge Financial Services' trailing-twelve-month ROE is -2.13%. 

Corenergy Infrastructure Trust (NYSE: CORR) dropped 11.94% to $7.45.

Elephant Talk Communications (AMEX: ETAK) fell 11.02% to $1.05. Elephant Talk's trailing-twelve-month profit margin is -75.65%.

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Oak Ridge Financial Services (NASDAQ: <a class="ticker" href="/stock/bkor#NASDAQ">BKOR</a>), parent company of Bank of Oak Ridge, headquartered in Oak Ridge, North Carolina, reported financial results for the first quarter of 2011. 

Quarterly net income of $193,000, compared to $639,000 in the same period in 2010. Contributing to the decrease were increases in provision for loan losses and noninterest expense, and a decrease in noninterest income. Positively contributing to net income in 2011 relative to 2010 were increases in net interest income and a reduction in income tax expense. 


Quarterly net income available to common shareholders of $30,000, compared to $484,000 in the same period in 2010. 


Allowance for loan losses of 1.74% of total loans as of March 31, 2011, compared to 1.71% as of December 31, 2010.

Oak Ridge Financial Services Announces First Quarter 2011 Results   

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Oak Ridge Finl Servs (OTC:BKOR) Stock, Quote.Headers.trade-ideas