Blueharbor Bank

106 Corporate Park Drive
Mooresville, NC 28117
704.662.7700
www.blueharborbank.com

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Blueharbor Bank is headquartered in Mooresville and is the 70^th largest bank in the state of North Carolina. It is also the 4,065^th largest bank in the nation. It was established in 2008 and as of September of 2011, it had grown to 19 employees at 2 locations. Blueharbor Bank has a 4-star health rating.

Blueharbor Bank Routing Number: 053112783

Top 14-Month CD Rate at Blueharbor Bank in North Carolina - Local Only - 12/30/2009

Blueharbor Bank is offering a special 14-month CD with a 2.20% APY. The bank also has a some competitive standard CD rates. The most competitive one is the 2.50% APY 25-month CD. These rates are listed in the bank's rates page as of 12/30/09.The bank...

Top 7-Month CD & 25-Month CD Rates at Blueharbor Bank in North Carolina - 4/6/2009

Blueharbor Bank has several competitive CD rates. The most competitive include a 2.70% APY 7-month CD, a 2.95% APY 13-month CD and a 3.40% APY 25-month CD. Minimum deposit is $1,000. CDs are available for regular, IRA and business accounts. These rates...

High-Yield Reward Checking Account at a North Carolina Bank (Blueharbor) - 8/10/2008

Update 12/30/08: The top yield has fallen to 4.00% APY. Refer to the bottom of the post for the rate history.Blueharbor Bank is offering a reward checking account called Neon Blue Checking. The yield is 4.00% APY on balances up to $30,000 (1.50% for...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Blueharbor Bank Checking Account Rates

Apy	Min	Max	Product
1.50%	-	$30k	Neon Blue
0.50%	$250k	-	Business & Non Profit Interest Checking
0.50%	-	-	IOLTA
0.30%	$50k	-	Premium Interest Checking
0.10%	$500	-	Senior Interest Checking
0.10%	$500	-	Interest Checking

Blueharbor Bank Savings Account Rates

Apy	Min	Max	Product
0.30%	-	-	Basic Savings
0.30%	-	-	Child Savings
0.30%	-	-	Blue Earnings Non Profit Savings
0.30%	-	-	Health Savings

Blueharbor Bank Money Market Rates

Apy	Min	Max	Product
0.75%	$250k	-	Blue Ultra Money Market (Personal)
0.75%	$250k	-	Blue Market Money Market (Business)

Blueharbor Bank CD Rates

Apy	Min	Max	Product
2.00%	$1k	-	60 Month CD
2.00%	$1k	-	Business 60 Month CD
1.75%	$1k	-	Business 48 Month CD
1.75%	$1k	-	48 Month CD
1.50%	$1k	-	36 Month CD
1.50%	$1k	-	Business 36 Month CD
1.15%	$1k	-	Business 24 Month CD
1.15%	$1k	-	24 Month CD
0.95%	$1k	-	12 Month CD
0.95%	$1k	-	Business 12 Month Add On CD
0.95%	$1k	-	Business 12 Month CD
0.95%	$1k	-	12 Month Add On CD
0.40%	$1k	-	Business 6 Month CD
0.40%	$1k	-	6 Month CD
0.01%	$1k	-	31 Day CD
0.01%	$1k	-	Business 31 Day CD

Blueharbor Bank IRA Rates

Apy	Min	Max	Product
2.00%	$500	-	60 Month IRA
1.75%	$500	-	48 Month IRA
1.50%	$500	-	36 Month IRA
1.15%	$500	-	24 Month IRA
0.95%	$500	-	12 Month IRA
0.40%	$500	-	6 Month IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

BlueHarbor Bank
FDIC Certificate #	58691
BankRate Report	View
Year Established	2008
Employees	19
Primary Regulator	FDIC
Assets and Liabilities
Assets	$137.90 million
Loans	$93.35 million
Deposits	$117.39 million
Equity Capital	$19.11 million
Loan Loss Allowance	$1.50 million
Unbacked Noncurrent Loans	$2.20 million
Real Estate Owned	$3.30 million
Historic Data - September 2010
Assets	$130.09 million
Equity Capital	$18.57 million
Loan Loss Allowance	$1.74 million
Unbacked Noncurrent Loans	$1.30 million
Real Estate Owned	$3.13 million
Profit Margin - Quarterly
Net Interest Margin	3.77%
Return on Assets	0.3%
Return on Equity	2.13%
Interest Income	$4.20 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 September 30, 2011 Blueharbor Bank had $5.5 million in non-current loans and owned real-estate with $20.61 million in equity and loan loss allowances on hand to cover it. This gives Blueharbor Bank a Texas Ratio of 26.69% 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 Blueharbor Bank increased slightly from 17.40% as of September 30, 2010 to 26.69% as of September 30, 2011, resulting in a negative change of 53.43%. This indicates that the balance sheet and financial strength for Blueharbor Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Blueharbor Bank has increased its total deposits by $11.35 million, resulting in 10.7% 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 Blueharbor Bank 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. Blueharbor Bank has $137.9 million in assets with $20.61 million in equity, resulting in a capitalization level of 14.94%, which is excellent.