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831 Julian Avenue
Thomasville, NC 27360

Bank of North Carolina is headquartered in Thomasville and is the 5th largest bank in the state of North Carolina. It is also the 245th largest bank in the nation. It was established in 1991 and as of March of 2014, it had grown to 616 employees at 43 locations. Bank of North Carolina has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bank of North Carolina had $43.4 million in non-current loans and owned real-estate with $359.37 million in equity and loan loss allowances on hand to cover it. This gives Bank of North Carolina a Texas Ratio of 12.08% which is above 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 slightly from 16.90% as of March 31, 2013 to 12.08% as of March 31, 2014, resulting in a positive change of 28.55%.This indicates that the balance sheet and financial strength for Bank of North Carolina has improved slightly in recent periods.

Deposit Growth


In the past year, Bank of North Carolina has increased its total deposits by $249.2 million, resulting in 9.93% 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.



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 $3.2 billion in assets with $359.37 million in equity, resulting in a capitalization level of 11.22%, which is excellent.

Institution Statistics

FDIC Certificate #33527
Year Established1991
Primary RegulatorFDIC
Assets and Liabilities
Assets$3.20 billion
Loans$2.29 billion
Deposits$2.76 billion
Equity Capital$328.49 million
Loan Loss Allowance$30.88 million
Unbacked Noncurrent Loans$14.24 million
Real Estate Owned$29.16 million
Historic Data - March 2013
Assets$2.93 billion
Equity Capital$307.31 million
Loan Loss Allowance$38.15 million
Unbacked Noncurrent Loans$14.24 million
Real Estate Owned$31.18 million
Profit Margin - Quarterly
Return on Assets0.88%
Return on Equity8.71%
Interest Income$35.72 million

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