# FIRST CAROLINA BANK
ROCKY MOUNT, NC · FDIC certificate 35530 · asset band $1-10B · latest filing 2026-06 · live

**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 | $3.41B | |
| Deposits | $2.87B | |
| Loans and leases | $2.74B | |
| Total equity | $455.6M | |
| Loans / deposits | 94.78% (p74 of band) | 87.10% |
| Liquid assets / assets | 13.04% (p14 of band) | |
| Uninsured deposits / deposits | 17.72% (p13 of band) | 30.76% |
| Brokered deposits | 15.92% | |
| Wholesale funding | 17.39% (p85 of band) | |
| FHLB advances / assets | 1.47% | |
| Tier 1 leverage | 11.36% (p67 of band) | 10.50% |
| Unrealized securities loss / equity | -0.09% (p96 of band) | -7.75% |
| AOCI / equity | 0.04% (p80 of band) | |
| ROA (annualized) | 0.78% (p18 of band) | 1.26% |
| Net interest margin | 3.39% (p31 of band) | 3.70% |
| Efficiency ratio | 74.60% (p87 of band) | |
| Noncurrent loans | 0.81% (p66 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p22 of band) | |
| Reserve coverage of noncurrent | 99.07% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 71.42% (p73 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | -2.6% | |
| Employees | 272 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 10 | wholesale funding >15%, leverage <7%, leverage <5%, losing money, expense ratio p90, NIM <2.5%, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 9 |  | noncurrent p90 |
| 2011-09 | 12 | capital falling, noncurrent p90, charge-offs p90 |  |
| 2011-12 | 10 |  | wholesale funding >15%, capital falling |
| 2012-03 | 12 | deposits shrinking, assets shrinking, uninsured deposits leaving | NIM <2.5% |
| 2012-06 | 13 | capital falling |  |
| 2012-09 | 7 | NIM <2.5% | leverage <7%, leverage <5%, construction >100% equity, charge-offs p90, uninsured deposits leaving, capital falling |
| 2012-12 | 7 |  |  |
| 2013-03 | 3 |  | losing money, expense ratio p90, noncurrent p90, NIM <2.5% |
| 2013-06 | 1 |  | deposits shrinking, assets shrinking |
| 2013-09 | 3 | capital falling, losing money |  |
| 2013-12 | 4 | expense ratio p90 |  |
| 2014-03 | 3 |  | capital falling |
| 2014-06 | 3 |  |  |
| 2014-09 | 4 | capital falling |  |
| 2014-12 | 3 |  | capital falling |
| 2015-03 | 1 |  | losing money, expense ratio p90 |
| 2015-06 | 0 |  | reserve under noncurrent |
| 2015-09 | 1 | capital falling |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 | reserve under noncurrent | capital falling |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 3 | brokered >10%, capital falling |  |
| 2017-09 | 2 |  | capital falling |
| 2017-12 | 2 | wholesale funding >15% | reserve under noncurrent |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 3 | construction >100% equity |  |
| 2018-12 | 4 | capital falling |  |
| 2019-03 | 2 |  | construction >100% equity, capital falling |
| 2019-06 | 2 |  |  |
| 2019-09 | 3 | capital falling |  |
| 2019-12 | 3 | uninsured deposits >50% | capital falling |
| 2020-03 | 3 |  |  |
| 2020-06 | 4 | capital falling |  |
| 2020-09 | 3 |  | capital falling |
| 2020-12 | 4 | construction >100% equity, uninsured deposits leaving | uninsured deposits >50% |
| 2021-03 | 3 |  | uninsured deposits leaving |
| 2021-06 | 2 |  | construction >100% equity |
| 2021-09 | 2 |  |  |
| 2021-12 | 3 | loans exceed deposits |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 4 | capital falling |  |
| 2022-12 | 4 |  |  |
| 2023-03 | 4 |  |  |
| 2023-06 | 3 |  | loans exceed deposits |
| 2023-09 | 4 | loans exceed deposits |  |
| 2023-12 | 4 | construction >100% equity | loans exceed deposits |
| 2024-03 | 3 |  | construction >100% equity |
| 2024-06 | 2 |  | capital falling |
| 2024-09 | 2 |  |  |
| 2024-12 | 3 | loans exceed deposits |  |
| 2025-03 | 2 |  | loans exceed deposits |
| 2025-06 | 4 | capital falling, reserve under noncurrent |  |
| 2025-09 | 4 | expense ratio p90 | reserve under noncurrent |
| 2025-12 | 4 | reserve under noncurrent | capital falling |
| 2026-03 | 3 |  | expense ratio p90 |
| 2026-06 | 3 |  |  |

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

- 2026-06-16 [First Carolina may raise as much as $88 million in IPO - Business North Carolina](https://news.google.com/rss/articles/CBMigwFBVV95cUxNVmJ5MlNPYm1UOGx0Y0RmMS1iR3pWUVltRzd1RVYtRmJiN01GdkxGaTAwY3B5NHdzWWpmNWtnWEVVR0lPb2huMGxkbXFSYVB4YkRVYTBDVVZYdHJXY3lkajdfSmdDcVRhUlFWaFN4djNXVjQ5c3dJVk9lVHM1ZEFXNDNwVQ?oc=5) · Business North Carolina
- 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
- 2026-05-26 [First Carolina commences US IPO process - Yahoo Finance](https://news.google.com/rss/articles/CBMinAFBVV95cUxORGptNG5tc3RZeFNZeTFZWFRpc1l6cG5JWDdLeWtMRGIxQjU4OUd4NGl5MVNNTlJYSkd3Ul8xWFZVTTJPeVhsaXR1TUNqVktISEc4NmVsZDNLaE1weGJIRHBuN055Q3gwVEVFdlh0dDBQdDNSUVEwSmRja0pkc0dCTHNLYU5UVVRtTVBuUHloUFZLWXZ4cllBSExyN3k?oc=5) · Yahoo Finance
- 2026-05-04 [First Carolina Bank names chief financial officer - Rocky Mount Telegram](https://news.google.com/rss/articles/CBMi4gFBVV95cUxNQ2RZR09Ea1JZaWZIYThYVXBsQmpQMGZ3Ymd0ZE5odVRUYnpOYWQ1T3U3UllnaTBjRnZGbEllTkhmTG1odnRvTUQ0dEdjWTRDWmZKRjhIUU1ITW1USTRYYmR4N1N1TXBmNThuVDlGOVBTcVpVT0M2ZGpXTzF5eUc0dUdtQ0NLNmJPLVRiSFFBX2pkMFFqU0xieUNqcF8xazdPcVQ1MG91aTFRV252djhsUjZaZ0EwM2tScExoaW43S3N5RWRzVWhNa2xJOURrVjdCWG9maU9vQnFhQmRQUVNmbkNR?oc=5) · Rocky Mount Telegram
- 2026-05-22 [Raleigh bank files for IPO - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxPX1ExNVVUYWlHWW01eHJSQTVNYkZOaW14WDc0RklyZnhuVklOMU5vRFUtSG1yWWYwcjlGUGt1XzEybFQwVUZnMXRoNm1uLURqYzM1N0dkN214cE5IWEtvSEhiN0xjd3dtM0NaTHNYeWJWLUFERUU4c2R3RlNMUUdWS2NPX2x5cHVrYjJrOV9xV1V6OUkwWFBpY2hBUm9Jd0pwREVEY25DWXk0LTlU?oc=5) · The Business Journals
- 2026-06-18 [First Carolina Financial Services Announces Pricing of Initial Public Offering - Business Wire](https://news.google.com/rss/articles/CBMi0AFBVV95cUxPSFVxMmhKNnJqNVdWZ01mejRYXy1sXy14UzBoUnVBalhVYnc0N0NmdlVzRkkxTkZaSTY1dURsbVhMTUJLWTlPclF6ZGVpcUZmck9QZ1A2T3c4YTdLd244dHR6Ung3SVZOYXZ2VkhzVGk1cVlEcjM3Y0VJX2hST1F5OHhsRlN4Sjk3ZEFtT3BjZ2FVR0ZPLWJreG9FOUNUWll4VWlVNWJCd3ZFRXRuZXhtdDFjQUlKYlFfbVhXaF9iVjlNaXBOYlFXRTczZDdfazV6?oc=5) · Business Wire
- 2026-06-18 [First Carolina Financial Services, Southeast-Focused Commercial Bank Offering National Student Payments and Digital Banking, Files for NYSE IPO - TradingView](https://news.google.com/rss/articles/CBMiqwJBVV95cUxPbHA2U0g0cUVPZzg1V2ppS1Vjblo0aW9TUlptOU5SWlBGMGZaaE1LT2xiYk9SdUg5Ni1OMUE5YkR6WUU4MUZTS0JMenNiQngyWkVBM1lxX2xxZnR0cUl4cGRTdDJPTFNfaExGdEZEVVZzSXpSNXNpSzA5T2puVFZfby1FcFNTVGsxMmxVRDRFZmxtdURIOHN3dHJMR3I2QnVtVGEwSkpRSzVZQk5jRHRhTFppeGRVeUpjR3RWWTlLVzIxWE45R2I5R3Z0emJpQlp3WWstOEhIczk4Y1VhclFTdkF1VElwT1dGc3pBNl93UGZmTWVWVURZN1NTRlJhNGhLMEhIOXlDME9sMFp5TjBWYVBJbWpzWmNLLXVEaEMzaGg2SG5lcGlNNHdnUQ?oc=5) · TradingView
- 2026-04-22 [Deaton named CFO at First Carolina Bank - springhopeenterprise.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxPM3E2em1zWUY2TkVQa01sU21XaGl0WDNzQzNfMlJzMk54a2FJVk10bS1zN1BLRF9HUkxhakVnVUt3Zm15YnpINW5tYjZMSFFlSTBMMm5oSldhc0V2Y0s0N1FwVlBrY0V2UU9WNVQ5QWlwVWxPQW5vX01IeUwwTTNhNmlIb01tUzhfTVFxRm1VZnlKNDFv?oc=5) · springhopeenterprise.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35530 (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/10.json (key "35530", 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