# EAST CAROLINA BANK
ENGELHARD, NC · FDIC certificate 2017 · asset band $300M-1B · latest filing 2013-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $866.0M | |
| Deposits | $732.0M | |
| Loans and leases | $497.3M | |
| Total equity | $80.9M | |
| Loans / deposits | 66.57% (p32 of band) | 74.76% |
| Liquid assets / assets | 36.16% (p64 of band) | |
| Uninsured deposits / deposits | 23.53% (p72 of band) | 16.74% |
| Brokered deposits | 2.76% | |
| Wholesale funding | 8.57% (p68 of band) | |
| FHLB advances / assets | 5.31% | |
| Tier 1 leverage | 8.57% (p21 of band) | 9.77% |
| Unrealized securities loss / equity | -0.04% (p7 of band) | 2.98% |
| AOCI / equity | -1.35% (p12 of band) | |
| ROA (annualized) | -0.71% (p3 of band) | 0.80% |
| Net interest margin | 3.29% (p35 of band) | 3.52% |
| Efficiency ratio | 118.33% (p98 of band) | |
| Noncurrent loans | 2.74% (p73 of band) | 1.55% |
| Net charge-offs (annualized) | 0.69% (p91 of band) | |
| Reserve coverage of noncurrent | 73.58% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 76.41% (p86 of band) | |
| Auto loans | $1.2M (0.25% of loans; DQ 0.16%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -5.3% | |
| Employees | 248 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 2 |  | losing money |
| 2011-09 | 2 | capital falling | construction >100% equity |
| 2011-12 | 3 | losing money |  |
| 2012-03 | 3 | expense ratio p90 | losing money |
| 2012-06 | 2 |  | capital falling |
| 2012-09 | 2 |  |  |
| 2012-12 | 3 | deposits shrinking |  |
| 2013-03 | 6 | losing money, charge-offs p90, assets shrinking |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-04-20 [Hyde County News: Banker Publishes Book; Ocracoke's Community Square Fully Protected Under Historic Preservation Agreements - Albemarle Observer](https://news.google.com/rss/articles/CBMi9gFBVV95cUxOZUh3SldrcGNPUmVKNHY3Nm9sakZKRGQ2bktVV2JyalRYaHRKTnk4VlBkSmlmLWp3QjJBMm4xdlhhR2hka2tiNnUxb1pnOFNlV3hiM1hTMG5wQTRIajBuVERCeTV3SWxvNDdSaHdNeFlnN3gwWkt2RDdXLWxvSERUS3lhT3BZX0NsempvdVZKamI3N09RTHI2dEtDOVJZT29SaGJEMzhSa2Z5VE5GZzhCTy1qZGFlcVZrXy1jVHdPVFdaTzVKSk1mY0pxZzBVUnl5Vm43eXdjX3BKVXU5MEJSMmg5T0h5Mkg0LTFvZ2oxMHdYSTV5d3c?oc=5) · Albemarle Observer
- 2021-05-03 ['East Carolina Bank Memories' on display SQVFD - dailyadvance.com](https://news.google.com/rss/articles/CBMi2AFBVV95cUxPN0Z6Uzh0OGlZYnRnRkVRUnIyT3I1QUw5OE1SUHowVWxMN0lDdU1sN01yeUVRXzRqcXZxa3VRTFl6M0xCZzJUTlNxRExRbzZCeGNvMTluN0d3Y2pBN0Zod3NXVHZJSnBTclBmMzRvZ0U5cjRJOUxELV8zQ3ljZ0pBU3RPUXBXTHZwOEIxeHR0V0ZEbTV6RDMza2lxcUtMMkp4SW13SVhFYks0NVU1cEI2b2R6bEU4RGtxZXp6LW80dVJSSHNkVUhSM3dydG93Yi04Qko0UTJQUzI?oc=5) · dailyadvance.com
- 2012-09-25 [Crescent State, East Carolina Banks Merge - wilmingtonbiz.com](https://news.google.com/rss/articles/CBMipwFBVV95cUxORGxpVU5rRWF3MEV4RndhX2JoLTlUdlVLeGk2bFBYakxxR0tuc0dHbzc4akRVVUN0ZWRDczlsUEFaN3BHQTdsRXo0aW1lNWI0Uy1nUUh1QkRacnkzOWNkbVA1ZmlOYzlIYnhqVE5mbUowanpUX0ZNQTYtT3QyZkh5aGFDVjdwUjdYTm1LcW1WazBlclp5eGVZbmpJSEYtYkNfV3g0YkZ4MA?oc=5) · wilmingtonbiz.com
- 2012-01-31 [FBI Seeks Serial Bank Robber - fbi.gov](https://news.google.com/rss/articles/CBMihAFBVV95cUxPQnFNcFk1emhpNEdSTDQ4X2hvUkdmaUU3b3RNanpiQ1c0dENsYlh2aUs5QVR3eG04YldKSUJ6cGZaZ3ZKWEkzbm8yZTZYU2ZqUW12T0ZJbnBTbXR0MHdWUDJxMzZkWXdReWRlSFB4dzM1YnU4TnF6VG9DVG9JN2ZKXzd1SHo?oc=5) · fbi.gov
- 2023-02-10 [Patsy Tarlton Obituary (2023) - Marshville, NC - Morgan & Son Funeral Home - Marshville - Durango Herald](https://news.google.com/rss/articles/CBMiogFBVV95cUxNQm9BQjBHdVBqUjBzUzZSOUYwb3QwRlBaQ3hpZE1VeEM2LWU0ZFFsQVRybzdBQ3A4VnVoMzBmV3dQNUpGbVJ0aXIzTlROOGlkbDVYU2s2NGsxeGIzZ2FEbXhwdEVIblJ0MkEwRDhvSWdqTlZ1bDJFLVZ3UUhOZ1BaSDhHTHVHNnM4c3EtWEJaMEllUjlielNoR2I1SnhHUy1XelE?oc=5) · Durango Herald
- 2010-07-28 [On the Move July/August 2010 - theind.com](https://news.google.com/rss/articles/CBMiSEFVX3lxTE5OZkc4V1dZVlBEc3dDZjRQcFVrRzZ5NXRfWDZJbW5seDlYWm9lT2VhOTM3OERXdENuMFQtMnJjMUE4YVI3NjhtNg?oc=5) · theind.com
- 2011-06-16 [James Edward McGee, IV Obituary June 16, 2011 - Munden Funeral Home](https://news.google.com/rss/articles/CBMiakFVX3lxTE40VmJCWkFUZXdydld6d2tIUGxlSzlKb0FBWnc2Ujg2bmc1ekhETzg4MXVNZm1XS001blpoLURucWxIUURXbXVnalVwOUpHVEQyVlNTd0J0VDdHNGR0d1RKalAyX2JvUXVmZnc?oc=5) · Munden Funeral Home
- 2026-04-14 [Swan Quarter Volunteer Fire Department fundraiser to feature book signing - The Coastland Times](https://news.google.com/rss/articles/CBMixAFBVV95cUxQSUwySzg3cV9IRnhMTkliZE9jWWxoWkYzMmVwVEV0Uzh1UDRiYkJNVEVaMVZxQkVPaGFCVERCaE1xekRXMHNtNVJLRzhrTVJta2x3cndVNE5QYUJKZkZnRUVpM1lySW9zR2JVc1dPcjFvLVFLMkRJZ0l6OVBfNC1qSEYxZUFkSF9kQnhjNTRqVjVsVDhsalBUemVEeERfWG4xLWJ1N1NoM3U0T2dkRmFhLTQyLVZ0bF9rLXNjb213RDdQVXVu?oc=5) · The Coastland Times

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=2017 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/33.json (key "2017", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide