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


  • Carolina Trust Bank in Lincolnton, North Carolina (NC)
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Carolina Trust Bank - Overview

  • General
  • FDIC Certificate #: 57026
    Status: Active
    Federal Reserve ID: 2966614
    Date Established: December 08, 2000
    WWW: http://www.carolinatrust.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 301128
    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 08, 2000
    Last Structure Change Effective Date: October 15, 2009
    Last Structure Change Process Date: November 30, 2009
    Last Data Update: November 30, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 901 East Main Street, Lincolnton, NC 28092
    County: Lincoln
    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): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Lincolnton, NC (#30740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $266.2 mil
    Equity capital: $26.0 mil
    Deposits held in domestic offices: $224.2 mil
    Return on assets (ROA): -0.78% (-$2.1 mil)
    Quarterly return on assets: -2.05% (-$5.5 mil)
    Return on Equity (ROE): -8.09% (-$2.1 mil)
    Quarterly return on equity: -20.61% (-$5.4 mil)
    Net income: -$2.1 mil
    Quarterly Net income: -$1.4 mil
    Pretax return on assets: -0.78% (-$2,076.1 mil)
    Quarterly Pretax return on assets: -2.05% (-$5,456.3 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
  • 57Total employees (full-time equivalent)
  • $266,162Total assets
  • $15,228Cash and due from depository institutions
  • $8,919Interest-bearing balances
  • $28,206Securities
  • $569Federal funds sold & reverse repurchase agreements
  • $205,534Net loans & leases
  • $4,366Loan loss allowance
  • $0Trading account assets
  • $6,597Bank premises and fixed assets
  • $4,271Other real estate owned
  • $519Goodwill and other intangibles
  • $266,162Life insurance assets
  • $5,238All other assets
  • $240,117Total liabilities and capital
  • $224,206Total liabilities
  • $207,833Total deposits
  • $224,206Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,495Trading liabilities
  • $0Other borrowed funds
  • $2,416Subordinated debt
  • $26,045All other liabilities
  • $26,045Total equity capital
  • $26,045Total bank equity capital
  • $4,208Perpetual preferred stock
  • $11,586Common stock
  • $12,488Surplus
  • $-2,237Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,299Income earned, not collected on loans
  • $0Earning assets
  • $891Long-term assets (5+ years)
  • $243,228Average Assets, year-to-date
  • $33,477Average Assets, quarterly
  • $271,696Volatile liabilities
  • $268,126Insider loans
  • $218,712FHLB advances
  • $269,491Loans and leases held for sale
  • $1,249Unused loan commitments
  • $1,249Tier 1 (core) risk-based capital
  • $25,129Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,280Restructured Loans and leases
  • $2,213Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,019Total interest income
  • $4,055Total interest expense
  • $8,964Net interest income
  • $2,729Provision for loan and lease losses
  • -$620Total noninterest income
  • $0Fiduciary activities
  • $417Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,037Additional noninterest income
  • $7,725Total noninterest expense
  • $3,624Salaries and employee benefits
  • $1,035Premises and equipment expense
  • $3,066Additional noninterest expense
  • -$2,110Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,110Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,110Net income attributable to bank
  • $0Net charge-offs
  • -$2,110Cash dividends
  • $2,213Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.26%Yield on earning assets
  • 1.64%Cost of funding earning assets
  • 3.62%Net interest margin
  • -0.25%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • -0.78%Net operating income to assets
  • -0.78%Return on assets (ROA)
  • -0.78%Pretax return on assets
  • -8.09%Return on equity (ROE)
  • -8.47%Retained earnings to average equity (YTD only)
  • 1.08%Net charge-offs to loans
  • 123.32%Credit loss provision to net charge-offs
  • 0.28%Efficiency ratio
  • 91,191Assets per employee
  • 4.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -4.74%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 69.31%Noncurrent assets plus other real estate owned to assets
  • 3.97%Noncurrent loans to loans
  • 3.00%Net loans and leases to deposits
  • 91.67%Net loans and leases to core deposits
  • 102.95%Equity capital to assets
  • 9.79%Core capital (leverage) ratio
  • 9.32%Tier 1 risk-based capital ratio
  • 11.49%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $271,696Average earning assets
  • $26,077Average equity
  • $247,356Average loans

List of branches

  • 6 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0301128Carolina Trust Bank901 East Main Street, Lincolnton, NC 28092December 08, 2000Full Service Brick and Mortar
    1365620West Branch799 N Carolina 27, Lincolnton, NC 28092September 16, 2002Full Service Brick and Mortar
    2208533Vale Branch9580 N.C. Highway 10 West, Vale, NC 28168May 18, 1998Full Service Brick and Mortar
    3432083Triangle Branch1293 Highway 16 North, Denver, NC 28037September 23, 2004Full Service Brick and Mortar
    4467621Boger City Branch2740 East Main Street, Lincolnton, NC 28092September 04, 2007Full Service Brick and Mortar
    5422953Gastonia Branch534 South New Hope Road, Gastonia, NC 28054June 20, 2004Full Service Brick and Mortar

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