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Overview / Commentary
831 Julian Avenue
Thomasville, NC 27360

Bank of North Carolina is headquartered in Thomasville and is the 4th largest bank in the state of North Carolina. It is also the 241st largest bank in the nation. It was established in 1991 and as of December of 2013, it had grown to 620 employees at 41 locations. Bank of North Carolina has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Bank of North Carolina had $45.95 million in non-current loans and owned real-estate with $353.82 million in equity and loan loss allowances on hand to cover it. This gives Bank of North Carolina a Texas Ratio of 12.99% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Bank of North Carolina decreased slightly from 14.77% as of December 31, 2012 to 12.99% as of December 31, 2013, resulting in a positive change of 12.05%.This indicates that the balance sheet and financial strength for Bank of North Carolina has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Bank of North Carolina has increased its total deposits by $51.45 million, resulting in 1.94% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of North Carolina has shown is above average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of North Carolina has $3.23 billion in assets with $353.82 million in equity, resulting in a capitalization level of 10.96%, which is above average.

Institution Statistics

Overall
FDIC Certificate #33527
Year Established1991
Employees620
Primary RegulatorFDIC
Assets and Liabilities
Assets$3.23 billion
Loans$2.27 billion
Deposits$2.71 billion
Equity Capital$320.94 million
Loan Loss Allowance$32.88 million
Unbacked Noncurrent Loans$17.12 million
Real Estate Owned$28.83 million
Historic Data - December 2012
Assets$3.07 billion
Equity Capital$306.82 million
Loan Loss Allowance$40.29 million
Unbacked Noncurrent Loans$17.12 million
Real Estate Owned$28.81 million
Profit Margin - Quarterly
Net Interest Margin4.16%
Return on Assets0.63%
Return on Equity6.2%
Interest Income$138.67 million
Rates

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Locations

Bank of North Carolina has 32 locations. Click to view all Bank of North Carolina locations.