# CAROLINA FSB
CHARLESTON, SC · FDIC certificate 35372 · asset band <$300M · latest filing 2012-03 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 7 (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 | $54.4M | |
| Deposits | $53.1M | |
| Loans and leases | $41.4M | |
| Total equity | $1.1M | |
| Loans / deposits | 75.87% (p67 of band) | 67.95% |
| Liquid assets / assets | 14.63% (p6 of band) | |
| Uninsured deposits / deposits | 3.32% (p18 of band) | 8.38% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p18 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 2.06% (p1 of band) | 9.95% |
| Unrealized securities loss / equity | 0.00% (p11 of band) | 2.77% |
| AOCI / equity | 0.00% (p58 of band) | |
| ROA (annualized) | 0.22% (p19 of band) | 0.78% |
| Net interest margin | 3.76% (p50 of band) | 3.77% |
| Efficiency ratio | 87.50% (p78 of band) | |
| Noncurrent loans | 17.56% (p99 of band) | 1.40% |
| Net charge-offs (annualized) | 0.09% (p64 of band) | |
| Reserve coverage of noncurrent | 15.55% | |
| Real estate % of loans | 97% | |
| Construction % of loans | 252.10% (p99 of band) | |
| Auto loans | $38,000 (0.09% of loans; DQ 13.16%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 2.1% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 8 | liquid assets <10%, leverage <7%, losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 10 | leverage <5% |  |
| 2011-09 | 10 | capital falling | liquid assets <10% |
| 2011-12 | 10 |  |  |
| 2012-03 | 7 | assets shrinking | losing money, expense ratio p90, charge-offs p90, capital falling |

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

- 2017-01-19 [OCC Enforcement Actions and Terminations for January 2017 - occ.gov](https://news.google.com/rss/articles/CBMifkFVX3lxTE05MEdGcE1MQzY1a21iM3BjblUzX1VHTmxzdWdKT25aTERONmM2QTY5eDNGdjkwdUNhZWdPd3BfMXBXVGpCT1VrUDliOU1EdjA1bEM3cXVTeU1hYzNCOGZldkZWTmVtUzJKV0JGOTBsTE1zZFNIWWZzOENuRHpzQQ?oc=5) · occ.gov
- 2017-02-04 [Obituary | Keith M. Kinard - Parker Rhoden Funeral Home](https://news.google.com/rss/articles/CBMiZ0FVX3lxTFByaFJlWUNzaTVRdUNtaVV6b2lFa1RFb3lUX2IwUlp0YWQ0eFJFUl83UEFscy1sYnJpLW9qSU5lQVQ2MHR5OGNtVEJ0eUdmYlFUblpDRXNSRG9KcDJuWVl4QjVMOEhJWGs?oc=5) · Parker Rhoden Funeral Home

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35372 (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 "35372", 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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