Bank of North Carolina

Bank of North Carolina is headquartered in Thomasville and is the 6^th largest bank in the state of North Carolina. It is also the 287^th largest bank in the nation. It was established in 1991 and as of December of 2011, it had grown to 442 employees at 36 locations. Bank of North Carolina has a 4-star health rating.

Data for Q4 2011

Institution Statistics Bank of North Carolina FDIC Certificate # 33527 BankRate Report View Year Established 1991 Employees 442 Primary Regulator FDIC Assets and Liabilities Assets $2.45 billion Loans $1.69 billion Deposits $2.12 billion Equity Capital $192.26 million Loan Loss Allowance $31.01 million Unbacked Noncurrent Loans $24.87 million Real Estate Owned $20.93 million Historic Data - December 2010 Assets $2.15 billion Equity Capital $178.65 million Loan Loss Allowance $24.81 million Unbacked Noncurrent Loans $26.23 million Real Estate Owned $23.91 million Profit Margin - Quarterly Net Interest Margin 3.7% Return on Assets 0.34% Return on Equity 4.05% Interest Income $103.34 million

Institution Health Overall Score: 4 out of 5 Texas Ratio 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, 2011 Bank of North Carolina had $45.79 million in non-current loans and owned real-estate with $223.27 million in equity and loan loss allowances on hand to cover it. This gives Bank of North Carolina a Texas Ratio of 20.51% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank of North Carolina decreased significantly from 58.73% as of December 31, 2010 to 20.51% as of December 31, 2011, resulting in a positive change of 65.08%.This indicates that the balance sheet and financial strength for Bank of North Carolina has improved significantly in recent periods. Deposit Growth In the past year, Bank of North Carolina has increased its total deposits by $290.82 million, resulting in 15.91% 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 excellent. Capitalization 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 $2.45 billion in assets with $223.27 million in equity, resulting in a capitalization level of 9.10%, which is average.

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