# CAROLINA BANK
GREENSBORO, NC · FDIC certificate 34348 · asset band $300M-1B · latest filing 2016-12 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (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 | $705.9M | |
| Deposits | $601.6M | |
| Loans and leases | $529.9M | |
| Total equity | $73.7M | |
| Loans / deposits | 87.13% (p58 of band) | 83.90% |
| Liquid assets / assets | 19.27% (p35 of band) | |
| Uninsured deposits / deposits | 25.14% (p64 of band) | 21.07% |
| Brokered deposits | 1.63% | |
| Wholesale funding | 3.34% (p35 of band) | |
| FHLB advances / assets | 1.71% | |
| Tier 1 leverage | 10.30% (p53 of band) | 10.15% |
| Unrealized securities loss / equity | 0.90% (p91 of band) | -0.98% |
| AOCI / equity | -0.42% (p68 of band) | |
| ROA (annualized) | 0.86% (p43 of band) | 0.94% |
| Net interest margin | 3.67% (p54 of band) | 3.62% |
| Efficiency ratio | 76.27% (p75 of band) | |
| Noncurrent loans | 0.71% (p55 of band) | 0.61% |
| Net charge-offs (annualized) | 0.03% (p44 of band) | |
| Reserve coverage of noncurrent | 151.64% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 104.01% (p91 of band) | |
| Auto loans | $118,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -1.5% | |
| Employees | 165 | |

## Flags firing in the latest filing

- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 | liquid assets <10% | construction >100% equity |
| 2011-12 | 2 |  |  |
| 2012-03 | 1 |  | liquid assets <10% |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | construction >100% equity |  |
| 2012-12 | 2 | liquid assets <10% | construction >100% equity |
| 2013-03 | 1 |  | liquid assets <10% |
| 2013-06 | 1 |  |  |
| 2013-09 | 2 | charge-offs p90 |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 1 |  | charge-offs p90 |
| 2014-06 | 3 | charge-offs p90, construction >100% equity |  |
| 2014-09 | 3 |  |  |
| 2014-12 | 1 |  | reserve under noncurrent, charge-offs p90 |
| 2015-03 | 1 |  |  |
| 2015-06 | 3 | charge-offs p90, reserve under noncurrent |  |
| 2015-09 | 2 |  | charge-offs p90 |
| 2015-12 | 0 |  | construction >100% equity, reserve under noncurrent |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | construction >100% equity |  |
| 2016-12 | 1 |  |  |

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

- 2026-07-15 [NC’s First Bank to buy SC lender for $166M - Banking Dive](https://news.google.com/rss/articles/CBMilAFBVV95cUxQRFNSOF9RWDhiREJqbUd3UXRZWVNSd3dvX09UTGNBSEZmWlFBQmtYMTlENmRTLTk5NzZ3aVpBanNHT2NzTDFYQ2NsaWF2LUtOWi12b0MxeWRCX1ZtNlN0cnhTd3hjZXRMNHpCc01QelJRdTdIdWdlSnhCbHZGQ1Zoa3JVdEYxUGJrb095YXZnNWZCNjU2?oc=5) · Banking Dive
- 2026-07-16 [First Bank strikes $166 million deal, expands South Carolina reach - Business North Carolina](https://news.google.com/rss/articles/CBMikgFBVV95cUxPVzBYYTctSU5kcGZ5TUdka0tpc2Z0WmdWVWdKYmRic3BDTFJjQ0FTNXlTU2dtRldTVkZMTnZxSTRNMDhGTlQ0ZlluOU5jT2NKb0Z6NzVIU0pIOG53UnBLRjdQbmRId0lmTFM3Rkx1aFpEV2dSNWxhUTZ1QzRnVDlxS2llRU0zTDJua1F5eVRzekc0Zw?oc=5) · Business North Carolina
- 2026-07-14 [FIRST BANCORP ANNOUNCES ACQUISITION OF FIRST CAROLINA BANCSHARES CORPORATION TO EXPAND ITS SOUTH CAROLINA PRESENCE - PR Newswire](https://news.google.com/rss/articles/CBMi_wFBVV95cUxQTVpTZG1la1hUU1NZeVJZSllCUUJmU2ZDTHV2UUxSaUJ2TDNTeGllbTBscUVadmkyN3hpYlI0SVotME9jcDY1bkRJTWw1VlV6M3ZUZ1R0UkFYa1NXcTlzQ3BHZ19tSmVKakJHc2F5TGxXSkMxeFh0eU1sSjNZZ2N1Z2JueGViUkZQOXZPVVNjWUNxTGFXSGxkcDd2d3hlQ19hOHdqU2FVYVAtcGhPd3Fmd29WMlNEVlFjTmRXQ0JNVnc2SVFtT3d5bGFwc3ZKZjJVSlpqWTFiMV9KU3hPLUVvQ0hCU0F0S3hpRVdZeDVwS1ZEWXpZVlVMNDlHTV96M28?oc=5) · PR Newswire
- 2026-07-22 [A pillar of Durham's Black Wall Street will get a new name after merger - axios.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQbFAzYWdzb0JsNWt6QjlCLUJrZWFiYjA3cVBRbVBILTNrN1BQekRrczBuVUg3R0VUS0ZJS3p0OHVUcmxNN3N6Uk5Ddm5PaE02RzR6VU5EUl9TUjF1NW9uNkFraXhEcUoyZ2hHdGd2TnZob0R3dUd4MEZwYTlESFplMk1VQ05wUnFlRkUtZHFzZmU2YXR4ZENjVGlDV1U5bXluWDA2azBHaHFVcE9DU2FEVkdwZHRQMGJ3ZURxcjI3aDdidw?oc=5) · axios.com
- 2026-06-08 [FCBM IPO News - North Carolina-based bank First Carolina Financial Services sets terms for $83 million IPO - renaissancecapital.com](https://news.google.com/rss/articles/CBMizgFBVV95cUxNYnZaeG1LbUZJVHlnajl4Ni1uQ3VKQkN2RDlTRmNZSldTYlppZnBTTzdRTjJXeFRWS2sxSGQxQ00teDdwVUZQUFU5UGxEM1pzWmh4WWFGR04tZGtVcXEzaFNLcmdiSTVzWGVXRFo1TVRkcmRQRDZNSlAwUEFCa0MzeXlvZHk3eVlnRzNzUzJ0cHBhVmNPLVVla1lxQW9Ea05jYlJkMzBvV0hIN1plR3lIb1BYWTBNbTR2Ny1LMVhrWnY0N0JxeTZRdmY2RlNkQQ?oc=5) · renaissancecapital.com
- 2026-02-12 [Bill would ease regulatory burden on North Carolina's community banks - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxPVm9VUHVtdEY4WWlrbWJwRVVJNEdBdl9kRGctcEZNb0R4US1kUHhJMXR4dHlQOWZjWEVZUzlIWF9wcDkxdHZsdC1UaU5oX0RQRmR2T1lvalhDQ1BaRzBRZXh2YllFcHBpdm91UXAxVVBvRUhEbTJ0S29OeUFteGlkYlp4cFUzVFhid1lZakdOMWJTcksyX0I0MFZRS3JzUzF5NUpkbTBpX2pVUm8?oc=5) · The Business Journals
- 2026-07-16 [First Bank is buying most profitable S.C. bank, CEO says - Business North Carolina](https://news.google.com/rss/articles/CBMihAFBVV95cUxPMjZpNGtDRWVHVlU0Z0FydUVBZWxSbFR3V2dzTDhHeGNZUlFQZ1ZxVWx2WlMweTFqT19EZ1d6Vng3Y045T0ZqR2ZpR0k0YWpTeXp1ZUxyX1hjYTdRUnZkRXNZRFR5dE04WlhGNkZpYUctMktuLUZBUklRcnlHSm8tdlc1bno?oc=5) · Business North Carolina
- 2026-02-17 [ABNB Federal Credit Union to Acquire Two North Carolina Bank Branches - CUTimes](https://news.google.com/rss/articles/CBMiqAFBVV95cUxOeHl5TkJKa3pxQzNadE1fcHVFRFNkRkRCSU1CREdSdTAzRTVuQlJUTzZ3SkZZNUpUaGNJcUotOWo0Vl9fZHcwX0VSOWxoM0VNcEI1bUlkaWUtOGtvNVRvS2VNVzQ0Y2VlS0psSWo5SVRKaGtyRmJwdmhob092NkFrUERMcG1fQTM5LXFPakNiNUJpNEU2MXBBTEdrYTdldnFxRzFiVzZXdGo?oc=5) · CUTimes

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34348 (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/44.json (key "34348", 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