# NORTH STATE BANK
RALEIGH, NC · FDIC certificate 35519 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. 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 | $1.46B | |
| Deposits | $1.23B | |
| Loans and leases | $1.16B | |
| Total equity | $122.9M | |
| Loans / deposits | 94.20% (p72 of band) | 87.10% |
| Liquid assets / assets | 15.10% (p23 of band) | |
| Uninsured deposits / deposits | 30.89% (p50 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 6.84% (p54 of band) | |
| FHLB advances / assets | 6.84% | |
| Tier 1 leverage | 8.50% (p6 of band) | 10.50% |
| Unrealized securities loss / equity | -2.16% (p79 of band) | -7.75% |
| AOCI / equity | -0.03% (p71 of band) | |
| ROA (annualized) | 0.79% (p19 of band) | 1.26% |
| Net interest margin | 4.00% (p68 of band) | 3.70% |
| Efficiency ratio | 82.03% (p94 of band) | |
| Noncurrent loans | 0.17% (p21 of band) | 0.51% |
| Net charge-offs (annualized) | -0.03% (p3 of band) | |
| Reserve coverage of noncurrent | 391.54% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 103.68% (p89 of band) | |
| Auto loans | $741,000 (0.06% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 6.7% | |
| Employees | 196 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **expense ratio p90** (`earn_efficiency`)
- **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 |  |  |
| 2011-12 | 3 | liquid assets <10% |  |
| 2012-03 | 3 | charge-offs p90 | liquid assets <10% |
| 2012-06 | 4 | capital falling |  |
| 2012-09 | 5 | liquid assets <10% |  |
| 2012-12 | 5 |  |  |
| 2013-03 | 4 |  | capital falling |
| 2013-06 | 2 |  | construction >100% equity, liquid assets <10% |
| 2013-09 | 0 |  | reserve under noncurrent, charge-offs p90 |
| 2013-12 | 2 | deposits shrinking, assets shrinking |  |
| 2014-03 | 0 |  | deposits shrinking, assets shrinking |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 1 | construction >100% equity |  |
| 2015-12 | 2 | liquid assets <10% |  |
| 2016-03 | 1 |  | liquid assets <10% |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | liquid assets <10% |  |
| 2017-03 | 1 |  | liquid assets <10% |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 0 |  | construction >100% equity |
| 2018-12 | 1 | liquid assets <10% |  |
| 2019-03 | 0 |  | liquid assets <10% |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 2 | construction >100% equity |  |
| 2020-12 | 2 | charge-offs p90 | capital falling |
| 2021-03 | 0 |  | construction >100% equity, charge-offs p90 |
| 2021-06 | 2 | capital falling, construction >100% equity |  |
| 2021-09 | 1 |  | construction >100% equity |
| 2021-12 | 2 | construction >100% equity |  |
| 2022-03 | 3 | leverage <7% |  |
| 2022-06 | 2 |  | capital falling |
| 2022-09 | 2 | uninsured deposits leaving | leverage <7% |
| 2022-12 | 4 | deposits shrinking, assets shrinking |  |
| 2023-03 | 4 | liquid assets <10% | uninsured deposits leaving |
| 2023-06 | 3 |  | liquid assets <10% |
| 2023-09 | 1 |  | deposits shrinking, assets shrinking |
| 2023-12 | 2 | capital falling |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 1 |  | capital falling |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 2 | loans exceed deposits, liquid assets <10% | construction >100% equity |
| 2025-09 | 5 | expense ratio p90, deposits shrinking, uninsured deposits leaving |  |
| 2025-12 | 2 | construction >100% equity | liquid assets <10%, expense ratio p90, deposits shrinking, uninsured deposits leaving |
| 2026-03 | 2 | expense ratio p90 | loans exceed deposits |
| 2026-06 | 3 | capital falling |  |

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

- 2022-04-06 [NC State Receives Significant Gift from North State Bank Towards Baseball Enhancement Plan - NC State University Athletics](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNdWRQY0YyMFozb0xISXZwSVg2UkdpVG9sQjJlTUZDLVpjXzR5WXN1Tkx0dXhzSWFlNGktbmUyZm9DSDJuTlNvVUpzUmZQRHVxYWpYb1RDVjY2TEFrZTlWRmF5ZDM4cEV6bjBPY3RXdmpaTHZNZlhjTEF0Wk9WN3JVMmxXeUgyRThBVUxITXg1RWE3ZzFxdUxLMmFZZmVzenJFR2Z0dlhPajRNbDNJbTJ6U2xxRkItUDlOR2xfLU9CYkw?oc=5) · NC State University Athletics
- 2021-06-01 [Banking: The biggest N.C.-based banks and credit unions - Business North Carolina](https://news.google.com/rss/articles/CBMigwFBVV95cUxNSjRUaUJHdEV5M3QzVUtkQ1RkT1UxdW9uN3BoSVZiQ3lXNzJlMkUwSDdwMGwxeUJCcjNXU3YyZ3RSRkVMRkdaSTNEZmF5MlZwdm80YjM3anptd1JPRXZuVFBucnR5QkFIZWdNZk9PcHE0QjlPRVVjTUlDWUtxcVRtVG9rWQ?oc=5) · Business North Carolina
- 2025-09-10 [Bank HQs dwindle in North Carolina as consolidation heats up - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxNNzJ6SnZ5WFJ6TFRSeXFnSjVPMFBVcXcyVDJvQ0ZvMDRoWDhOdFdBZjhwQm1xUnJueWNXa2lYVUJzLUhmOTBXMm9kLVJnUGhHMGVORVRpbUxLOU9LZEs3SXlkMzFwRG52TzBncjhmck43b0ttbWR0UVhwampNUi1sazJnN1BlOURCWlFrU3dkWFRYMWxfX0YyS25fUmtqdjFBZ3pGNjQwX05hNTQ1?oc=5) · The Business Journals
- 2021-02-15 [Money Minute Monday with North State Bank: Where to start when new to investing - ABC11 News](https://news.google.com/rss/articles/CBMijwFBVV95cUxPa043a1ByMTdmY0UzUkNvaEFhVVdoTV9QQXVNSm5ub1dUNEx1MmdfRHp4YVFUTmN4QXFYQzFmLURvclJlWU5fTy1HeUhRQkdkaGhDWE51M1ZuR01tVUxjYmRNaDBRZlZReE9jb0IxcUJ3eVZQamlpZzNKV09RYm5xRmcxVG1QVzVuaUlPT3ZYcw?oc=5) · ABC11 News
- 2018-04-10 [North State Bank Expands Commercial Team With Billy Hood - wilmingtonbiz.com](https://news.google.com/rss/articles/CBMiswFBVV95cUxOcjdhbno2c2tiWkJCTWREbVhJaWVUdE81dXQtX1BmLXFRXzVXck5sTlZxY0pDRzhHV3JmaTZBRExmTmlRR0FDM3prYUllcXBnTXdNTjhfOVk3eXFiMElxVlF6OU44VHZSOXYtRlIxYWM3M19TQ3hQOFBqNFJSbzhRclc2OHA1SFVCQWhnRlBDQXBOU0kzcFJTdFY4UDBMamJXcUJ2TkphRWE1d0w1Rmx5UThaQQ?oc=5) · wilmingtonbiz.com
- 2025-03-30 [North State Bank goes live on nCino Bank Operating System - FinTech Futures](https://news.google.com/rss/articles/CBMiogFBVV95cUxQTTVKNVN2V282RkRMeXoxZmdYbW5FOG5zSEk2alZyM2dkOUJFUnNEYWhXN2ZjWVhOQnYxUzFmWXowUzk2Q05rT2xKaldqM0E0cDhpOXo1UkM4ZDZYV201a20ybFJyNTJRdU9CUTFnVGRYbjcwUU1jVXNsT1E4SlF2T3dCZmEwSmhucmVBTGdxenpuZ2tmalQ2aG9xNjU5Rjl3TEE?oc=5) · FinTech Futures
- 2024-08-01 [NC School of Banking moves headquarters to App State to foster ‘excellence in banking education’ - Appalachian State University](https://news.google.com/rss/articles/CBMiVEFVX3lxTFBpdnZQVVFmakRGZnQxNkQ4LTl2NFFrZEpEazVtanJqWU9sY0dnMUNyUEN4Y2ZjVi1WVFkxWjlCb2N0UVhjQ3kxTnJTY1VzUjlIZUVJWQ?oc=5) · Appalachian State University
- 2017-01-19 [North State Bank Names Stacy R. Reedy As Chief Financial Officer - PR Newswire](https://news.google.com/rss/articles/CBMiuwFBVV95cUxPMUtzb1pDTTlEcmRKamdrci1EWEdySUQ0VUlLUlUxOVdTdlhNMWR4Q2xhS2VKMEc0VnVCM0RTRi1pQVA3SFBJLWhxa0VQVlZyNFpPNUkxR0pCcUstbmVMeldlNTYwQ1JObXRKSG5BNEl6SjdRLWtud2tKVG8xSUtudm5EdXYtMlFjRkFzTE9rNDZ3dG15UWxJa3U0VGtDOHQzS2dpMXFnT2poOUZRSGl0bmxsUlE2OEFyUEQ0?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35519 (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/63.json (key "35519", 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