Carolina Bank in Greensboro, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Carolina Bank in Greensboro, North Carolina (NC)
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Carolina Bank - Overview

  • General
  • FDIC Certificate #: 34348
    Status: Active
    Federal Reserve ID: 2516626
    Bank Holding Company (Regulatory Top Holder): Carolina Bank Holdings, Inc. (RSSDID: 2943473, Location: Greensboro, NC)
    Date Established: November 25, 1996
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 15549
    FDIC's unique #: 57107
    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: November 25, 1996
    Last Structure Change Effective Date: September 22, 2008
    Last Structure Change Process Date: March 11, 2009
    Last Data Update: March 11, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 North Spring Street, Greensboro, NC 27401
    County: Guilford
    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): Greensboro-High Point, NC (#24660)
    CBSA Metro Statistical Area: Greensboro-High Point, NC (#24660)
  • History of Changes
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $673.1 mil
    Equity capital: $56.5 mil
    Deposits held in domestic offices: $597.8 mil
    Return on assets (ROA): 0.41% ($2.8 mil)
    Quarterly return on assets: 0.72% ($4.8 mil)
    Return on Equity (ROE): 5.00% ($2.9 mil)
    Quarterly return on equity: 8.62% ($4.9 mil)
    Net income: $2.7 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 0.49% ($3,298.3 mil)
    Quarterly Pretax return on assets: 0.88% ($5,923.5 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
  • 174Total employees (full-time equivalent)
  • $673,121Total assets
  • $13,671Cash and due from depository institutions
  • $7,647Interest-bearing balances
  • $42,601Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $475,239Net loans & leases
  • $11,792Loan loss allowance
  • $91,955Trading account assets
  • $17,375Bank premises and fixed assets
  • $6,727Other real estate owned
  • $0Goodwill and other intangibles
  • $673,121Life insurance assets
  • $25,553All other assets
  • $616,610Total liabilities and capital
  • $597,846Total liabilities
  • $539,911Total deposits
  • $597,846Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 1536.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,076Trading liabilities
  • $9,179Other borrowed funds
  • $4,973Subordinated debt
  • $56,511All other liabilities
  • $56,511Total equity capital
  • $56,511Total bank equity capital
  • $0Perpetual preferred stock
  • $4,693Common stock
  • $35,451Surplus
  • $16,367Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $22,915Income earned, not collected on loans
  • $0Earning assets
  • $2,015Long-term assets (5+ years)
  • $617,442Average Assets, year-to-date
  • $130,478Average Assets, quarterly
  • $666,901Volatile liabilities
  • $667,245Insider loans
  • $558,462FHLB advances
  • $668,208Loans and leases held for sale
  • $10,385Unused loan commitments
  • $10,385Tier 1 (core) risk-based capital
  • $53,538Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $133,103Restructured Loans and leases
  • $17,833Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,782Total interest income
  • $6,460Total interest expense
  • $24,322Net interest income
  • $6,850Provision for loan and lease losses
  • $8,616Total noninterest income
  • $0Fiduciary activities
  • $598Service charges on deposit accounts
  • $6,900Trading account gains & fees
  • $1,118Additional noninterest income
  • $23,056Total noninterest expense
  • $13,129Salaries and employee benefits
  • $2,519Premises and equipment expense
  • $7,408Additional noninterest expense
  • $3,032Pre-tax net operating income
  • $239Securities gains (losses)
  • $540Applicable income taxes
  • $2,731Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,731Net income attributable to bank
  • $0Net charge-offs
  • $2,731Cash dividends
  • $7,417Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 4.00%Net interest margin
  • 1.42%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 5.00%Return on equity (ROE)
  • 5.00%Retained earnings to average equity (YTD only)
  • 1.49%Net charge-offs to loans
  • 92.36%Credit loss provision to net charge-offs
  • 1.33%Efficiency ratio
  • 69,998Assets per employee
  • 3.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.42%Loss allowance to noncurrent loans
  • 51.46%Noncurrent assets plus other real estate owned to assets
  • 4.40%Noncurrent loans to loans
  • 4.71%Net loans and leases to deposits
  • 79.49%Net loans and leases to core deposits
  • 88.41%Equity capital to assets
  • 8.40%Core capital (leverage) ratio
  • 8.01%Tier 1 risk-based capital ratio
  • 9.59%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $666,901Average earning assets
  • $54,629Average equity
  • $608,045Average loans

List of branches

  • 8 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057107Carolina Bank101 North Spring Street, Greensboro, NC 27401November 25, 1996Full Service Brick and Mortar
    1358903Friendly Avenue Branch3124 West Friendly Avenue, Greensboro, NC 27408July 14, 2000Full Service Brick and Mortar
    2363053Highwoods Boulevard Branch1601 Highwoods Boulevard, Greensboro, NC 27410December 05, 2001Full Service Brick and Mortar
    4426733Asheboro Office335 S. Fayetteville Street, Asheboro, NC 27203March 01, 2004Full Service Brick and Mortar
    6452971Carolina Bank Branch3214 S. Church St., Burlington, NC 27215May 01, 2006Full Service Brick and Mortar
    7457830High Point Branch4010 Brian Jordan Place, High Point, NC 27265January 02, 2007Full Service Brick and Mortar
    9489385Lawndale Drive Branch2604 Lawndale Drive, Greensboro, NC 27401September 22, 2008Full Service Brick and Mortar
    10489773Winston-Salem Branch1590 Westbrook Plaza Drive, Winston Salem, NC 27103April 02, 2009Full Service Brick and Mortar

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