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135 Boxwood Village Drive
Mocksville, NC 27028

Bank of the Carolinas is headquartered in Mocksville and is the 30th largest bank in the state of North Carolina. It is also the 1,574th largest bank in the nation. It was established in 1998 and as of March of 2014, it had grown to 98 employees at 8 locations. Bank of the Carolinas has a C 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 the Carolinas had $7.45 million in non-current loans and owned real-estate with $17.29 million in equity and loan loss allowances on hand to cover it. This gives Bank of the Carolinas a Texas Ratio of 43.09% 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 the Carolinas increased slightly from 32.85% as of March 31, 2013 to 43.09% as of March 31, 2014, resulting in a negative change of 31.16%. This indicates that the balance sheet and financial strength for Bank of the Carolinas has declined slightly in recent periods.

Deposit Growth


In the past year, Bank of the Carolinas has increased its total deposits by $3.24 million, resulting in 0.88% 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 the Carolinas has shown is above average.



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 the Carolinas has $427.91 million in assets with $17.29 million in equity, resulting in a capitalization level of 4.04%, which is poor.

Institution Statistics

FDIC Certificate #34903
Year Established1998
Primary RegulatorFDIC
Assets and Liabilities
Assets$427.91 million
Loans$270.76 million
Deposits$370.15 million
Equity Capital$10.18 million
Loan Loss Allowance$7.11 million
Unbacked Noncurrent Loans$5.36 million
Real Estate Owned$2.09 million
Historic Data - March 2013
Assets$432.01 million
Equity Capital$17.15 million
Loan Loss Allowance$6.50 million
Unbacked Noncurrent Loans$5.36 million
Real Estate Owned$3.88 million
Profit Margin - Quarterly
Net Interest Margin2.84%
Return on Assets-1.36%
Return on Equity-57.77%
Interest Income$3.75 million
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Bank of the Carolinas Savings Account Rates

0.45%-$25kShine Plus Savings - Qualifying
0.10%--Shine Plus Savings - Non Qualifying

Bank of the Carolinas Checking Account Rates

0.75%-$25kShine Checking - Qualifying
0.10%--Shine Checking - Non Qualifying

Bank of the Carolinas Locations
Landis Branch105 North Main StreetLandis, NC 28088
Asheboro Branch1107 S Church StAsheboro, NC 27203
Lexington Branch119 West Center StreetLexington, NC 27292
Bank Of The Carolinas135 Boxwood VillageMocksville, NC 27028
Winston Salem Branch3288 Silas Creek ParkwayWinston Salem, NC 27103
Advance Branch352 Highway 801 SouthAdvance, NC 27006
Harrisburg Branch4350 Main StreetHarrisburg, NC 28075
Concord Branch660 Penny Lane, NeConcord, NC 28025