Bank of the Carolinas in Mocksville, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of the Carolinas - Overview

  • General
  • FDIC Certificate #: 34903
    Status: Active
    Federal Reserve ID: 2750699
    Bank Holding Company (Regulatory Top Holder): Bank Of The Carolinas Corporation (RSSDID: 3447398, Location: Mocksville, NC)
    Date Established: December 07, 1998
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 16063
    FDIC's unique #: 61966
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 07, 1998
    Last Structure Change Effective Date: August 18, 2006
    Last Structure Change Process Date: August 21, 2006
    Last Data Update: August 21, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 135 Boxwood Village, Mocksville, NC 27028
    County: Davie
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Winston-Salem, NC (#49180)
    CBSA Metro Statistical Area: Winston-Salem, NC (#49180)
  • Financial Summary
  • Total assets: $485.8 mil
    Equity capital: $22.1 mil
    Deposits held in domestic offices: $416.8 mil
    Return on assets (ROA): -5.32% (-$25.9 mil)
    Quarterly return on assets: -6.45% (-$31.3 mil)
    Return on Equity (ROE): -75.65% (-$16.6 mil)
    Quarterly return on equity: -122.56% (-$27.0 mil)
    Net income: -$27.5 mil
    Quarterly Net income: -$8.0 mil
    Pretax return on assets: -4.52% (-$21,956.6 mil)
    Quarterly Pretax return on assets: -3.98% (-$19,333.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 112Total employees (full-time equivalent)
  • $485,766Total assets
  • $7,601Cash and due from depository institutions
  • $2,557Interest-bearing balances
  • $112,404Securities
  • $28,165Federal funds sold & reverse repurchase agreements
  • $299,806Net loans & leases
  • $8,101Loan loss allowance
  • $0Trading account assets
  • $12,229Bank premises and fixed assets
  • $8,524Other real estate owned
  • $0Goodwill and other intangibles
  • $485,766Life insurance assets
  • $17,037All other assets
  • $463,701Total liabilities and capital
  • $416,796Total liabilities
  • $382,762Total deposits
  • $416,796Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 45381.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,524Subordinated debt
  • $22,065All other liabilities
  • $22,065Total equity capital
  • $22,065Total bank equity capital
  • $0Perpetual preferred stock
  • $19,126Common stock
  • $29,881Surplus
  • $-26,942Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $19,062Income earned, not collected on loans
  • $0Earning assets
  • $1,503Long-term assets (5+ years)
  • $442,932Average Assets, year-to-date
  • $137,148Average Assets, quarterly
  • $516,402Volatile liabilities
  • $495,470Insider loans
  • $362,271FHLB advances
  • $501,293Loans and leases held for sale
  • $10,732Unused loan commitments
  • $7,969Tier 1 (core) risk-based capital
  • $20,512Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,763Total unused commitments
  • $29,013Restructured Loans and leases
  • $3,472Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,632Total interest income
  • $6,766Total interest expense
  • $13,866Net interest income
  • $17,565Provision for loan and lease losses
  • $882Total noninterest income
  • $0Fiduciary activities
  • $698Service charges on deposit accounts
  • $0Trading account gains & fees
  • $184Additional noninterest income
  • $20,127Total noninterest expense
  • $6,684Salaries and employee benefits
  • $2,074Premises and equipment expense
  • $11,369Additional noninterest expense
  • -$22,944Pre-tax net operating income
  • -$391Securities gains (losses)
  • $4,162Applicable income taxes
  • -$27,497Income before extraordinary items
  • $0Extraordinary gains - net
  • -$27,497Net income attributable to bank
  • $0Net charge-offs
  • -$27,497Cash dividends
  • $16,327Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 2.96%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 4.30%Noninterest expense to earning assets
  • -5.25%Net operating income to assets
  • -5.32%Return on assets (ROA)
  • -4.52%Pretax return on assets
  • -75.65%Return on equity (ROE)
  • -75.65%Retained earnings to average equity (YTD only)
  • 4.79%Net charge-offs to loans
  • 107.58%Credit loss provision to net charge-offs
  • -0.33%Efficiency ratio
  • 136,473Assets per employee
  • 4.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.63%Loss allowance to noncurrent loans
  • 42.50%Noncurrent assets plus other real estate owned to assets
  • 5.68%Noncurrent loans to loans
  • 6.19%Net loans and leases to deposits
  • 71.93%Net loans and leases to core deposits
  • 94.43%Equity capital to assets
  • 4.54%Core capital (leverage) ratio
  • 4.09%Tier 1 risk-based capital ratio
  • 5.66%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $516,402Average earning assets
  • $36,349Average equity
  • $468,460Average loans

List of branches

  • 10 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061966Bank Of The Carolinas135 Boxwood Village, Mocksville, NC 27028December 07, 1998Full Service Brick and Mortar
    1290848Advance Branch352 Highway 801 South, Advance, NC 27006Febuary 07, 2000Full Service Brick and Mortar
    445200Landis Branch105 North Main Street, Landis, NC 28088April 04, 1913Full Service Brick and Mortar
    5364492Asheboro Branch1107 S Church St, Asheboro, NC 27203April 15, 2002Full Service Brick and Mortar
    6419329Cleveland Branch11713 Statesville Boulevard, Cleveland, NC 27013May 19, 2003Full Service Brick and Mortar
    7419517Harrisburg Branch4350 Main Street, Harrisburg, NC 28075January 06, 2003Full Service Brick and Mortar
    8432079Lexington Branch119 West Center Street, Lexington, NC 27292August 30, 2004Full Service Brick and Mortar
    9439988King Branch104 West Dalton Road, King, NC 27021January 26, 2005Full Service Brick and Mortar
    10460564Winston Salem Branch3288 Silas Creek Parkway, Winston Salem, NC 27103Febuary 09, 2007Full Service Brick and Mortar
    11465407Concord Branch660 Penny Lane, Ne, Concord, NC 28025July 16, 2007Full Service Brick and Mortar

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