# BANK OF THE CAROLINAS
MOCKSVILLE, NC · FDIC certificate 34903 · asset band $300M-1B · latest filing 2015-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $345.5M | |
| Deposits | $297.6M | |
| Loans and leases | $277.0M | |
| Total equity | $46.6M | |
| Loans / deposits | 91.57% (p71 of band) | 82.05% |
| Liquid assets / assets | 13.96% (p15 of band) | |
| Uninsured deposits / deposits | 8.76% (p11 of band) | 19.19% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.09% (p13 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 13.19% (p87 of band) | 10.09% |
| Unrealized securities loss / equity | 0.11% (p42 of band) | 0.40% |
| AOCI / equity | -0.24% (p54 of band) | |
| ROA (annualized) | 0.82% (p43 of band) | 0.91% |
| Net interest margin | 3.60% (p53 of band) | 3.56% |
| Efficiency ratio | 93.23% (p96 of band) | |
| Noncurrent loans | 1.54% (p76 of band) | 0.80% |
| Net charge-offs (annualized) | -0.10% (p6 of band) | |
| Reserve coverage of noncurrent | 105.16% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 44.00% (p60 of band) | |
| Auto loans | $545,000 (0.20% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | -19.0% | |
| Employees | 87 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | brokered >10%, wholesale funding >15%, losing money, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 7 | leverage <7%, charge-offs p90 |  |
| 2011-09 | 10 | leverage <5%, capital falling, construction >100% equity | brokered >10% |
| 2011-12 | 10 |  |  |
| 2012-03 | 12 | assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 10 |  | charge-offs p90, capital falling |
| 2012-09 | 12 | charge-offs p90, deposits shrinking |  |
| 2012-12 | 10 |  | wholesale funding >15%, charge-offs p90 |
| 2013-03 | 8 |  | losing money, reserve under noncurrent |
| 2013-06 | 9 | losing money |  |
| 2013-09 | 8 | AOCI drag >20% of equity, reserve under noncurrent | assets shrinking, deposits shrinking, losing money |
| 2013-12 | 9 | securities losses >30% of equity, losing money | reserve under noncurrent |
| 2014-03 | 8 |  | AOCI drag >20% of equity |
| 2014-06 | 6 |  | uninsured deposits leaving, securities losses >30% of equity |
| 2014-09 | 3 | assets shrinking | leverage <7%, leverage <5%, construction >100% equity |
| 2014-12 | 4 | deposits shrinking |  |
| 2015-03 | 3 |  | losing money |
| 2015-06 | 3 |  |  |

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

- 2026-03-25 [Blueharbor Bank, F&M Bank and American Bank of the Carolinas make list of top Southeast performers - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOYkdWV2lQZGpQNWJNTmZ6Rm1pUGVJSTJTYmRvQVF5UDBTa0RpYWVndjBwWnVtdDNtLU9GeUpNcGZmWnFmUThTOG80UmdVcExXQXpWVUw2TnAzTGt6bGFwbVhWNDhUSmMyM2ZBMFo5TS04SFpyUEJrcFNUOHdJTkVwaEhtaENEeERLQVBpOUVfbG1pdGpueHgxbDRHb3ZqNE90OWNLTTlkc2FWQ1U?oc=5) · The Business Journals
- 2020-03-31 [North Carolina de novo organizers buy bank in Tennessee - Banking Dive](https://news.google.com/rss/articles/CBMifkFVX3lxTE02MmtoeG1xSzN5QVRsdEtScnhFT29YR005R2FCMVlEbG8tYUZqc3NPSmhJdGZ1Njg3SkJFU3dIRGx6TG9ubXpXQ3ZGZmRwRVdDOElWcVpMendGODRSMTZmbzVoWWZlQTVQZndxbjNtOVMxenlaVVhjR3RyV2VWUQ?oc=5) · Banking Dive
- 2018-11-14 [North Carolina has a new bank for the first time in a decade. Why it’s taken so long. - Charlotte Observer](https://news.google.com/rss/articles/CBMigwFBVV95cUxOSGJoLVJ2UEVNVFBpM0h6bC1vb2Nqa19XS294TEJ1NExuek5ZNF9xSXRsZHBhQm8tR0Vhcm1Xd1A4akxwLURkR1YyLVUyWDh5MnJqcTVNWExYcThHQW1nVkZBUlNmVC1PRnhpRTVISXNUM1k4WmZPY3VtblhDVk4tUUlLa9IBgwFBVV95cUxOX1QtOS10dFVZQjV3RW94VVpNR0ZCSXo2TmVPYXR1QWM1UWl5VFFUQ0FJbnRGMDFGVC1kUVFlT2c5MHhSbHpsRG1ZeTBWeVUyb2Jhc19LMlZPWmgzcTc0Z0hyMTFXd0FwTE5OMk9zSVJWR2xtc2phb29vYWZyUmdwalFwQQ?oc=5) · Charlotte Observer
- 2018-03-14 [Third group plans de novo in North Carolina - American Banker](https://news.google.com/rss/articles/CBMihgFBVV95cUxNc3c0V2VQWlZIN1dabmVDVk5UUlhRVWZwM0tkaTVzRmF4MWthaEk1aGJPUm0wSTZRbHFWWUhPUl9SQ1BhMG5BRnA1WFhTWTVDbjJtemlzMjlnS0dNNmF6UHVhZmxlNEt4RHp3NWhadWdDYmlfRXA5UVF3N1ZobHlpVmtIVmEtdw?oc=5) · American Banker
- 2021-04-28 [PHOTOS: American Bank of the Carolinas CEO talks next steps in growth plan - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxQem5aUGFJc2ZKYl9lVDRrZl9uOXpCTERjbWZrRkZPMEFtZ2plRFd2THBpcWg2cm00MXpjU2FOYVU2OEtjT3MxSEpReEQxSE1GVllyLUZ5VHE0YklDcFZnSWdyN3JxaWlYMDVrSXBWSENxbzRaY1UybWxTYzctdm5qTE1sNlg0VTg1eXpEOXFmTktFTVZCeXh1d0hWOUJXWnFtTUJrdlV1Yw?oc=5) · The Business Journals
- 2015-11-03 [Steve Rownd to head FNB Bank in Scottsboro - Chattanooga Times Free Press](https://news.google.com/rss/articles/CBMihgFBVV95cUxQdURZN1d1c0czRktPUEEtU2dJVUJsbTJYSndGR1psd0lHUkZabVpHTlQ0dENLdERNN3p0cW16RDZwX19UYW9hZUdBTXpKakYtZFlJMVk4aGhQNVY0d3l5NXpGWlB4Z3h6R1ZXNl9Pa19YYWQ4c1daZ0lkT1YwWkJJWk5aelBxZw?oc=5) · Chattanooga Times Free Press
- 2024-03-02 [Edward Sopp Obituary - Greensboro, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMigwFBVV95cUxNQTltLVF3QWp4ZV95MTd1elR6N1NaeWFLVEZmZThHa1ZsRVRHODczYnNnSnZyVk9PWVlvQ1dlQ0tZeFZ6dHE4ak9qM2xMQmo5aXl2Z3piOUdVNE1GLVJiUVVsSEVRWTJjWVdKejZCVHBzWEk5YU16OURNMTVWbnQ0cmFGWQ?oc=5) · Dignity Memorial
- 2025-04-17 [Local startup bank makes change to branch network - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxQRGpDNVg5Y2xGdGxBOGI0UFlpbmZnOHp5Q3BSMnd3NFlxQUZaTEF1LWZfWG9acVNBck1EbUVwR184ajctSVhYZEJsRHYwLU1HenA3R1lFQ0dSWm5qSkpxMnlDS29XVlFIYXZPQ0t1bW83NXdIQUYtTDVZTFJkVXBiOUIyV1UzRUhpS1JhTjJicUNEM1B3Y19nZFhxa0hpR0F5ZUwtUkZ2TldVb0hS?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34903 (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/23.json (key "34903", 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