# CAROLINA TRUST BANK
LINCOLNTON, NC · FDIC certificate 57026 · asset band $300M-1B · latest filing 2019-09 · stopped filing (departed)

**Verdict on the desk:** this could be *fortress*. Composite score 0 (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 | $622.6M | |
| Deposits | $519.1M | |
| Loans and leases | $483.2M | |
| Total equity | $77.6M | |
| Loans / deposits | 92.31% (p68 of band) | 85.55% |
| Liquid assets / assets | 17.49% (p31 of band) | |
| Uninsured deposits / deposits | 14.61% (p20 of band) | 22.02% |
| Brokered deposits | 2.27% | |
| Wholesale funding | 5.52% (p56 of band) | |
| FHLB advances / assets | 3.24% | |
| Tier 1 leverage | 11.22% (p61 of band) | 10.66% |
| Unrealized securities loss / equity | 0.57% (p39 of band) | 0.93% |
| AOCI / equity | 1.92% (p43 of band) | |
| ROA (annualized) | 1.11% (p48 of band) | 1.13% |
| Net interest margin | 4.41% (p85 of band) | 3.75% |
| Efficiency ratio | 66.59% (p53 of band) | |
| Noncurrent loans | 0.48% (p46 of band) | 0.53% |
| Net charge-offs (annualized) | 0.03% (p55 of band) | |
| Reserve coverage of noncurrent | 171.24% | |
| Real estate % of loans | 86% | |
| Construction % of loans | 61.47% (p70 of band) | |
| Auto loans | $2.9M (0.60% of loans; DQ 0.24%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 31.2% | |
| Employees | 104 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | wholesale funding >15%, losing money, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 3 |  | wholesale funding >15% |
| 2011-09 | 2 |  | charge-offs p90 |
| 2011-12 | 2 |  |  |
| 2012-03 | 2 | uninsured deposits leaving | losing money |
| 2012-06 | 1 |  | uninsured deposits leaving |
| 2012-09 | 2 | capital falling |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 | charge-offs p90 | capital falling |
| 2013-06 | 5 | losing money, expense ratio p90, assets shrinking, uninsured deposits leaving | reserve under noncurrent |
| 2013-09 | 5 | reserve under noncurrent | expense ratio p90 |
| 2013-12 | 3 |  | assets shrinking, reserve under noncurrent |
| 2014-03 | 1 |  | charge-offs p90, losing money |
| 2014-06 | 0 |  | uninsured deposits leaving |
| 2014-09 | 0 |  |  |
| 2014-12 | 2 | loans exceed deposits, reserve under noncurrent |  |
| 2015-03 | 2 | capital falling, expense ratio p90 | loans exceed deposits, reserve under noncurrent |
| 2015-06 | 2 | wholesale funding >15% | expense ratio p90 |
| 2015-09 | 2 | liquid assets <10% | wholesale funding >15% |
| 2015-12 | 2 | loans exceed deposits | capital falling |
| 2016-03 | 0 |  | liquid assets <10%, loans exceed deposits |
| 2016-06 | 1 | capital falling |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | capital falling |
| 2017-03 | 0 |  |  |
| 2017-06 | 2 | charge-offs p90, uninsured deposits leaving |  |
| 2017-09 | 1 | capital falling | charge-offs p90, uninsured deposits leaving |
| 2017-12 | 3 | loans exceed deposits, uninsured deposits leaving |  |
| 2018-03 | 0 |  | capital falling, loans exceed deposits, uninsured deposits leaving |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | expense ratio p90 |  |
| 2019-06 | 0 |  | expense ratio p90 |
| 2019-09 | 0 |  |  |

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

- 2019-07-16 [South Carolina-based bank acquires Charlotte community bank for $100 million - Charlotte Observer](https://news.google.com/rss/articles/CBMigwFBVV95cUxQVXpzUGdTbEJpTloyR3dPT2hTajQ5cVkxMlY5VkdPOFFkdmZqT1RydlJXLUxsdWl0bzlEMUFZcFJ3c0kzR05pNUwxNzJadk5lVTlsMUxoLWJodEpBTlkzdGVuR0RhdWk2dWcxT1ZvUWJnWXFCWW82bnd5ZkFVekFnR1I5WdIBgwFBVV95cUxNQUFpU2l3ZDlrNGtBNThhc09ISEt6MGtRX1JBeWlQbnpVdS1LcjRXV2d0TFJMbEN2TU1vZGtvbndqTmJUNUFpSFlPT1VYTVZJMGJJMENMSTVfVk9Eekd1OVptOFJuSG5NeEFlRzNmb0k5TFA2YVI4V29DVC0ya0MwN2d3SQ?oc=5) · Charlotte Observer
- 2019-11-19 [United Bankshares buys Carolina Financial - - The Parkersburg News and Sentinel](https://news.google.com/rss/articles/CBMinwFBVV95cUxPT0xTT01oWTNyTks4MUItOEhTdlpKVkFIUlVYd1N4eWhyQUEtcy1IWWZqaDJVTnhLZjd4NDI2WFh3OGV5WjIwd0d6Rk5COUYwSmMyTHFObVBDYVNmaldtTXc5VVV5eUg5OG5ya0dRZTZteWhfMV81NGFKUDdqdTRiRnlPREFCTDN0bDFKd2RMTk9SbmZjRzFGdU1KMVlnNXc?oc=5) · The Parkersburg News and Sentinel
- 2014-01-02 [Former Head Of First Bank Now At Carolina Trust Bank - wilmingtonbiz.com](https://news.google.com/rss/articles/CBMitgFBVV95cUxPOENlMWxfOGdFWDVZOGY2bzRzLU96cWZlc3BkU3hxb2R1aTNCOEJhdVBlWV9oMmdaUFU5X1hDZVlIVXZocGFwVEh6OUxSR3l6cXZYUVhUWkF3Wkx1cVRYd2I1VmdpWGotRVJWSnNfWDFXVWlHZXA3cGt6aEsyc1lpTXE5aXd6eXh1d05KLXdxRTRFVHJKRGxaWGNNeVpfQUQ0MjBJUW5vOURCcEZFM21IcnRXM3dzZw?oc=5) · wilmingtonbiz.com
- 2019-01-09 [Carolina Trust acquisition creates $600M bank in greater Charlotte region - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxQQ0NWdHNTZWRTRld6a3pfSU9FTmlFZXRYWTlFajJKYWhJLXY1aFkwVjNaSkRmeFo1MG9BWTNRTV8tc3pJbkp1eFJsZXpoRldhZ2ZBcXRlLTJ0Q1hCa2l4U1Zpd2hWdmFDWkdoWGt1T2tweVBKb3JjY2liRk5LLUc5cDBIcGFkUmkxdG91UlY5aHJfX0FsX2pWd3lVMWtwLXFWbVBiMUxKTENpZw?oc=5) · The Business Journals
- 2016-06-16 [NC banking: Moore money - Business North Carolina](https://news.google.com/rss/articles/CBMiS0FVX3lxTE5kRXU2U0VkRW5CcC1wblNHelJCbURWMm9FeGtoRUVid3hrM2NNTkt6dGk2cXhBcW9oTFYybDgyTDY3WEhYendSMjFUOA?oc=5) · Business North Carolina
- 2015-08-28 [Photo Release -- Carolina Trust Bank Elects Jennifer Marion Mills as New Director - GlobeNewswire](https://news.google.com/rss/articles/CBMi4wFBVV95cUxPRHhiU2hDRnVodTh0eGlmX1NmUk05dnpJWnppYVpoS1Vuazc1ZnJycFRTRFpQNDZrQXhvM05NMjdVYzZvektUUGM0MjlZb21fZDBhR2NNY1FRbEtOWHFZbXJ0R3JVdFFSWTV0UUJJaklIOV9kYnFRbFk0UG9oS3RremFVQzhid3VOTWNhdldnVk5aRmd1bXlYSnRRX2dSRlM5MW5kWmZpaWswNGstYlVOU0NnUV9TUmpxbFJwT3B4VFhBT1YxQUs4MXJYNGtoT2RXaEJSeGFSZWNBQ0F1aHdVZkl1Yw?oc=5) · GlobeNewswire
- 2014-04-04 [Police: Suspected bank robber wanted for arson charges - WBTV](https://news.google.com/rss/articles/CBMijgFBVV95cUxQeVd1QWxiMTYzcUU2MFVFNVRoVEYxTTlNSENRWnAwbnZDV1BRdTVYNXNHbGFoRzFUdndZYmVrRXVmaWN5dzFvb3VybFFxVlVMTUhtUFN1VmlOOTRiWHBNZnN4X0p5dGZUQnRWT0RENVhRMzJxZjJHaDZXM0hLUFl4enBlN2FzRmV0Y1dSaVFR?oc=5) · WBTV
- 2021-06-19 [Doris Cloninger Obituary - Charlotte, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMihwFBVV95cUxQdmlkdEJPS1c2d2JveGliUTlReUZkNmRCOFRNcUdZQmJPY1JVR0Z3Mkg2NmJHZk40dEFyWXFPS3VrdERRZHBtNjRhUkp6dmEyaHpSdU1kVUVoRkpHMWNvY2tacWpTQXlST2JWbEphRGNma0swSEFpcjMxUVZBMFRodTEzRUlueWc?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57026 (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/2.json (key "57026", 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