Top 5 Quality Stocks To Own For 2015

Top 5 Quality Stocks To Own For 2015: Bank of Ozarks Inc (OZRK)

Bank of the Ozarks, Inc. is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). At December 31, 2011, the Company, through the Bank, conducted banking operations through 111 offices, including 66 offices in Arkansas, 27 in Georgia, 10 in Texas, four in Florida, two in North Carolina, and one each in South Carolina and Alabama. Subsequent to December 31, 2011, the Company opened its 11th and 12th Texas offices in Austin and The Colony. The Company also owns Ozark Capital Statutory Trust II, Ozark Capital Statutory Trust III, Ozark Capital Statutory Trust IV and Ozark Capital Statutory Trust V, all 100%-owned finance subsidiary business trusts formed in connection with the issuance of certain subordinated debentures and related trust preferred securities, and, indirectly through the Bank, a subsidiary engaged in the development of real estate, a subsidiary that owns a private aircraft and various other entities that hold foreclosed assets or tax credits or engage in other activities. Effective July 31, 2013, Bank of the Ozarks Inc acquired the entire interest of The First National Bank of Shelby.

The Company provides a range of retail and commercial banking services. Deposit services include checking, savings, money market, time deposit and individual retirement accounts. Loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services. The Company also provides mortgage lending; treasury management services for businesses, individuals and non-profit and governmental entities, including wholesale lock box services; remote deposit capture services; trust and wealth management services for businesses, individuals and non-profit and governmental entities, including financial planning, money management, custodial services and corporate trust services; real estate appraisals; credit-re! lated life and d isability insurance; automated teller machines (ATMs); telep! hone banking; online and mobile banking services, including electronic bill pay; debit cards, gift cards and safe deposit boxes, among other products and services. Through third party providers, the Company offers credit cards for consumers and businesses, processing of merchant debit and credit card transactions, and full service investment brokerage services.

On January 14, 2011, the Company, through the Bank, entered into a purchase and assumption agreement, pursuant to which the Bank acquired the former Oglethorpe Bank (Oglethorpe) with two offices in Georgia, including Brunswick and St. Simons Island. On April 29, 2011, the Company, through the Bank, entered into a purchase and assumption agreement, pursuant to which the Bank acquired the former First Choice Community Bank (First Choice) with seven offices in Georgia, including Dallas, Newnan (2), Senoia, Sharpsburg, Douglasville and Carrollton. On July 1, 2011, the Company closed one of the offices in New nan, Georgia, and on October 26, 2011 the Company closed the office in Carrollton, Georgia.

Lending and Leasing Activities

The Companys primary source of income is interest earned from its loan and lease portfolio and its investment securities portfolio. The Companys portfolio of real estate loans includes loans secured by residential one- to four-family, non-farm/non-residential, agricultural, construction/land development, multifamily residential (five or more family) properties and other land loans. Non-farm/non-residential loans include those secured by real estate mortgages on owner-occupied commercial buildings of various types, leased commercial, retail and office buildings, hospitals, nursing and other medical facilities, hotels and motels, and other business and industrial properties. Agricultural real estate loans include loans secured by farmland and related improvements, including some loans guaranteed by the Far! m Service! Agency. Real estate construction/land development loans include loa! ns secure! d by vacant land, loans to finance land development or construction of industrial, commercial, residential or farm buildings or additions or alterations to existing structures. Included in the Companys residential one- to four-family loans are home equity lines of credit.

The Company offers a variety of real estate loan products that are generally amortized over five to thirty years. The Companys portfolio of consumer loans generally includes loans to individuals for household, family and other personal expenditures. The Companys commercial and industrial loan portfolio consists of loans for commercial, industrial and professional purposes, including loans to fund working capital requirements (such as inventory, floor plan and receivables financing), purchases of machinery and equipment and other purposes. The Company offers a variety of commercial and industrial loan arrangements, including term loans, balloon loans and lines of credit with the purpos e and collateral supporting a particular loan determining its structure. These loans are offered to businesses and professionals for short and medium terms on both a collateralized and uncollateralized basis. The Company obtains as collateral a lien on furniture, fixtures, equipment, inventory, receivables or other assets. The Companys leases are primarily equipment leases for commercial, industrial and professional purposes, have terms generally ranging up to 48 months and are collateralized by a lien on the lessees interest in the leased property.

The Companys portfolio of agricultural (non-real estate) loans includes loans for financing agricultural production, including loans to businesses or individuals engaged in the production of timber, poultry, livestock or crops. The Companys agricultural (non-real estate) loans are generally secured by farm machinery, livestock, crops, vehicles or other agricultural-related collateral. A portion of ! the Co m! panys portfolio of agricultural (non-real estate) loans ! consists ! of loans to individuals which would normally be characterized as consumer loans but for the fact that the individual borrowers are primarily engaged in the production of timber, poultry, livestock or crops.

Deposits

The Company offers an array of deposit products consisting of non-interest bearing checking accounts, interest bearing transaction accounts, business sweep accounts, savings accounts, money market accounts, time deposits and individual retirement accounts. The Company acts as depository for a number of state and local Governments and Government agencies or instrumentalities. The Companys deposits come primarily from within the Companys trade area. As of December 31, 2011, the Company had $41 million in brokered deposits.

Other Banking Services

The Company offers an array of residential mortgage products, including long-term fixed and variable rate loans to be sold on a servicing-released basis in the s econdary market. The Company originates residential mortgage loans to be resold on the secondary market primarily through its banking offices located in Arkansas markets, many of its Texas banking offices and in certain of its acquired offices in the Southeastern United States. The Company offers a range of trust and wealth management services from its headquarters in Little Rock, Arkansas, with additional staff in Rogers, Arkansas. These trust and wealth management services include personal trusts, custodial accounts, investment management accounts, retirement accounts, corporate trust services, including trustee, paying agent and registered transfer agent services, and other incidental services. As of December 31, 2011, total trust assets were approximately $1.02 billion.

The Company offers treasury management products which are designed to provide specialized support to the treasury operations of business and public funds customers. The Companys treas! u ry man! agement services include automated clearing house serv! ices (dir! ect deposit, direct payment and electronic cash concentration and disbursement), wire transfer, zero balance accounts, current and prior day transaction reporting, lock box services, remote deposit capture services, automated credit line transfer, investment sweep accounts, reconciliation services, positive pay services, credit line analysis and account analysis. It offers an online banking service for both business customers and consumers. Through this service customers can access their account information, pay bills, transfer funds, view images of cancelled checks, reorder checks, buy the United States Savings Bonds, change addresses, issue stop payment requests, receive detailed statements and handle other banking business electronically. The Company also provides businesses and consumers the option to electronically receive monthly bank statements and provides a 13-month archive of monthly statements and cancelled check images.

Advisors' Opinion:

• [By Monica Gerson]

  Bank of the Ozarks (NASDAQ: OZRK) is expected to post its Q3 earnings at $0.60 per share on revenue of $69.57 million.

  Emmis Communications (NASDAQ: EMMS) is expected to report its Q2 earnings.

• [By Eric Volkman]

  Bank of the Ozarks (NASDAQ: OZRK  ) is rewarding its shareholders by paying a higher dividend. The company has declared a common stock dividend of $0.19 per share, to be handed out on July 19 to shareholders of record as of July 12. That amount is $0.02, or 12%, higher than the company's previous disbursement of $0.17 per share, which was paid in mid-April.

• [By Marc Bastow]

  Arkansas-based Bank of the Ozarks (OZRK) announced a 10.5% dividend increase to 21 cents per share, payable Oct. 18 to shareholders of record as of Oct. 11. This is the 13th consecutive quarter in which OZRK has raised its dividend.
  OZRK Dividend Yield: 1.77%

• [By Marc Basto! w] Yet another bank, Bank of the Ozarks (OZRK) raised its dividend 4.5% to 23 cents per share, payable April 18 to shareholders of record as of April 11.
  OZRK Dividend Yield: 1.37%

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-quality-stocks-to-own-for-2015.html