Oak Ridge Financial Services (Oak Ridge Financial Services) Credit Losses Provision : $4.03 Mil (As of Jun. 2013)

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What is Oak Ridge Financial Services Credit Losses Provision?

Oak Ridge Financial Services's credit losses provision for the three months ended in Jun. 2013 was $0.35 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2013 was $4.03 Mil.

Oak Ridge Financial Services's quarterly credit losses provision declined from Dec. 2012 ($2.49 Mil) to Mar. 2013 ($0.37 Mil) and declined from Mar. 2013 ($0.37 Mil) to Jun. 2013 ($0.35 Mil).

Oak Ridge Financial Services's annual credit losses provision increased from Dec. 2010 ($2.41 Mil) to Dec. 2011 ($3.98 Mil) and increased from Dec. 2011 ($3.98 Mil) to Dec. 2012 ($5.91 Mil).

Oak Ridge Financial Services Credit Losses Provision Historical Data

The historical data trend for Oak Ridge Financial Services's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Oak Ridge Financial Services Credit Losses Provision Chart

Oak Ridge Financial Services Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Credit Losses Provision

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0.60

2.54

2.41

3.98

5.91

Oak Ridge Financial Services Quarterly Data
	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
Credit Losses Provision	Get a 7-Day Free Trial															2.02	0.83	2.49	0.37	0.35

Oak Ridge Financial Services Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Jun. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.03 Mil.

Oak Ridge Financial Services (Oak Ridge Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Oak Ridge Financial Services Inc (OTCPK:BKOR) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

8050 Fogleman Road, Oak Ridge, MN, USA, 27310

Website

https://www.oakridgefinancial.com

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.

Executives

Stanley Tennant

director

2211 OAK RIDGE ROAD, OAK RIDGE NC 27310