# MIDCAROLINA BANK
BURLINGTON, NC · FDIC certificate 34454 · asset band $300M-1B · latest filing 2011-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 4 (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 | $477.8M | |
| Deposits | $419.3M | |
| Loans and leases | $369.9M | |
| Total equity | $43.1M | |
| Loans / deposits | 86.11% (p69 of band) | 78.35% |
| Liquid assets / assets | 17.66% (p19 of band) | |
| Uninsured deposits / deposits | 34.42% (p97 of band) | 11.83% |
| Brokered deposits | 18.83% | |
| Wholesale funding | 20.93% (p88 of band) | |
| FHLB advances / assets | 2.09% | |
| Tier 1 leverage | 7.80% (p16 of band) | 9.34% |
| Unrealized securities loss / equity | 1.05% (p28 of band) | 2.85% |
| AOCI / equity | 2.91% (p78 of band) | |
| ROA (annualized) | -2.55% (p3 of band) | 0.66% |
| Net interest margin | 3.82% (p57 of band) | 3.72% |
| Efficiency ratio | 348.43% (p100 of band) | |
| Noncurrent loans | 2.27% (p52 of band) | 2.17% |
| Net charge-offs (annualized) | 1.11% (p85 of band) | |
| Reserve coverage of noncurrent | 104.38% | |
| Real estate % of loans | 84% | |
| Construction % of loans | 79.67% (p77 of band) | |
| Auto loans | $297,000 (0.08% of loans; DQ 5.05%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | – | |
| Employees | 75 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | brokered >10%, wholesale funding >15% |  |
| 2011-06 | 4 | losing money, expense ratio p90 |  |

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

- 2026-04-30 [Dr. Kimberly Forbes named interim CFO for Winston-Salem/Forsyth County Schools - wfmynews2.com](https://news.google.com/rss/articles/CBMi-AFBVV95cUxNd1pZQTB1a1JJckc4MmIxNkhCM05teXA0dlRTVWtkWUxHY2MxS2ZXY1BTdTd0RXdoSnNJTFpiVWw3Ry12VmhhbVRhQmk5dFdHZkJLRTg0MlNWR2g4S2hWTWxsNDBNdVpzYUdJNkdzNUkxcGVjLTZVZ2ZsaEh2TkRFaHFJaG9hQ3ZRQTZuR3dRMGh4cm9aTG5DS0ZydmR0WmtSYVFOS29icVhDR3BrYmR2RnBwUkpoaVBvenZCM01USk53WThQUS03MVJqUm5HQVBMeHU1TjAwa1FFbjZKdmFhZTBMaGZITmltd2V1U1VqRVBPQkNSczRZUg?oc=5) · wfmynews2.com
- 2006-11-28 [James Copland III receives Holt Business Award - Elon University](https://news.google.com/rss/articles/CBMijwFBVV95cUxNR1RHWjNQUlpTckRmYUZ2UzFYZVFNNjluaVFiSHpjM09vNGpPaXFrNklSV01id2FyeXUxOWVCM1Uwdm9RT3N2cEJjRDA1VnJaOWxBVGgzb3M2TXVWdWNwRTRCN3B1WW5mQmJoV3JqRnZZOEh6M0FfZlRBZGdGclpwVERfdDJNSW1RUkFscl83cw?oc=5) · Elon University
- 2021-10-06 [American National Bankshares EVP H. Gregg Strader to Retire - citybiz](https://news.google.com/rss/articles/CBMingFBVV95cUxPMzZFZmZiRTRQc0htWXNPcTA3ajROUThJV1BvdWxMS1hIaFpaRnRMQk9DLVNZbDJlM09TbkY4UDRtcXFrTHFHOHlYdW84S2llWTlQM2lXRXVmSmtlYUh2N0pRLW1aenNtNGpSTEFzOTI3ZFJNNEc4bmt0U09SclctTWRqemJsSTJzaUhzaEs0bnlWWFpvbmdOSENsZmVMUQ?oc=5) · citybiz
- 2018-11-27 [George Rudd, Sr. Obituary Nov 27, 2018 - lowefuneralhome.com](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFB6eWpiSVFmeTJzSTB4RWtaYWV0WThGb09aWV82N3p1WmRtR3VMcFh4NTZHSnpMU1MwZTVSbUxGcjkxWVdnUE44Y0tCRHJKdWxUR0ltQnI5SE5zMENYUVp5NGJGS3ZkekE?oc=5) · lowefuneralhome.com
- 2023-04-14 [Outstanding Women in Business 2023: Reagan Gural, Alamance Chamber of Commerce - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxQUnlVR01GWUNRZ1owY19KMjZpcnU1STYyUnhGdmY5YWNDVnRsUXI1cVJvc3UweWFkVjRkZjZMRENwTjFqcG90QThNQ3hCU0M4d05TaEVyWjVpZ1ZqRUVUcVJoS0NXTjBiOGIzZVZFVzhwSjQ3UWlMcENSRXNLQ1BTOE9WQnI0S2doYjZLUnZtUGJ2ZDktYUl6T3JKLUtndw?oc=5) · The Business Journals
- 2012-09-25 [John Roberts Obituary (2012) - Burlington, NC - TheTimesNews.com - legacy.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxQdDdjMHk5SnRsMG9DTXdGYklMWDZ4QktEc18zdWtnNFI2RFBpVGVLSkVzd2d4ZzA1ZUhSQVdFbzV6dXpnaTFVYkJWR1lrS2dBZVMtOUJNc1NQLTlzRXRQTDdvWE5UWHV2SWkyaGhVZ25vWnlZMVRVUXpKZkVpb05iVzgzajJsVW1OV2t2SWh2SHJvUQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34454 (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/22.json (key "34454", 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.

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