Carolina Bank is headquartered in Greensboro and is the 24th largest bank in the state of North Carolina. It is also the 1,014st largest bank in the nation. It was established in 1996 and as of December of 2013, it had grown to 202 employees at 8 locations. Carolina Bank has a C+ health rating.
Carolina Bank is a JOKE!!! They make mistakes with our business deposits at least 2 x a month...when we brought it too their attention we were told not too worry...proof will catch it and correct it!!!!!! Too LAID BACK for me.
Carolina Bank is a very professional down to earth bank. There are many banks out there that are perfectly willing to take your money and give nothing in return. Carolina Bank is not one of those banks. This bank is really the place where you want your money to reside. They offer low fees and fantastic rates of return on savings accounts and CDs. If youre looking for a bank that reminds you of the way a bank should be ,Carolina bank is it.
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 Carolina Bank had $19.06 million in non-current loans and owned real-estate with $67.13 million in equity and loan loss allowances on hand to cover it. This gives Carolina Bank a Texas Ratio of 28.39% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Carolina Bank held steady from 25.49% as of December 31, 2012 to 28.39% as of December 31, 2013, resulting in a negative change of 11.40%. This indicates that the balance sheet and financial strength for Carolina Bank has held steady in recent periods.
In the past year, Carolina Bank has decreased its total deposits by -$11.67 million, resulting in -1.97% 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 Carolina Bank has shown is 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. Carolina Bank has $661.74 million in assets with $67.13 million in equity, resulting in a capitalization level of 10.14%, which is above average.
|FDIC Certificate #||34348|
|Assets and Liabilities|
|Equity Capital||$59.47 million|
|Loan Loss Allowance||$7.66 million|
|Unbacked Noncurrent Loans||$16.73 million|
|Real Estate Owned||$2.33 million|
|Historic Data - December 2012|
|Equity Capital||$64.76 million|
|Loan Loss Allowance||$9.94 million|
|Unbacked Noncurrent Loans||$16.73 million|
|Real Estate Owned||$5.94 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.64%|
|Return on Assets||0.64%|
|Return on Equity||6.82%|
|Interest Income||$26.06 million|
Always verify rates and promotions with the bank or credit union. We are not Carolina Bank, we are a rate comparison website and can not provide official rates or promotions.
|0.10%||$10k||-||SmartBanker Health Savings Account (HSA)|
|0.17%||$25k||-||SmartBanker Plus Money Market|
|0.17%||$10k||-||SmartBanker MoneyMarket IRA|
|0.17%||$10k||-||SmartBanker MoneyMarket Roth IRA|
|0.05%||-||-||Carolina Premier Checking|
|0.81%||$10k||-||55 Month CD Special|
|0.67%||$500||-||60 Month CD|
|0.57%||$500||-||48 - 59 Month CD|
|0.47%||$500||-||36 - 47 Month CD|
|0.42%||$10k||-||21 Month CD Special|
|0.42%||$500||-||24 - 35 Month CD|
|0.37%||$500||-||18 - 23 Month CD|
|0.32%||$500||-||12 - 17 Month CD|
|0.26%||$10k||-||10 Month CD Special|
|0.22%||$500||-||6 - 11 Month CD|
|0.17%||$500||-||90 - 179 Day CD|
|0.14%||$500||-||60 - 89 Day CD|
|0.11%||$500||-||30 - 59 Day CD|
|0.10%||$500||-||7 - 29 Day CD|
|0.81%||$10k||-||55 Month IRA Special (Traditional,Roth)|
|0.67%||$500||-||60 Month IRA (Traditional,Roth)|
|0.57%||$500||-||48 - 59 Month IRA (Traditional,Roth)|
|0.47%||$500||-||36 - 47 Month IRA (Traditional,Roth)|
|0.42%||$10k||-||21 Month IRA Special (Traditional,Roth)|
|0.42%||$500||-||24 - 35 Month IRA (Traditional,Roth)|
|0.37%||$500||-||18 - 23 Month IRA (Traditional,Roth)|
|0.32%||$500||-||12 - 17 Month IRA (Traditional,Roth)|
|0.26%||$10k||-||10 Month IRA Special (Traditional,Roth)|
|0.22%||$500||-||6 - 11 Month IRA (Traditional,Roth)|
|0.17%||$500||-||90 - 179 Day IRA (Traditional,Roth)|
|0.14%||$500||-||60 - 89 Day IRA (Traditional,Roth)|
|0.11%||$500||-||30 - 59 Day IRA (Traditional,Roth)|
|0.10%||$500||-||7 - 29 Day IRA (Traditional,Roth)|
|Carolina Bank Locations|
|Carolina Bank||101 North Spring Street||Greensboro, NC 27401|
|Winston-Salem Branch||1590 Westbrook Plaza Drive||Winston Salem, NC 27103|
|Highwoods Boulevard Branch||1601 Highwoods Boulevard||Greensboro, NC 27410|
|Lawndale Drive Branch||2604 Lawndale Drive||Greensboro, NC 27408|
|Friendly Avenue Branch||3124 West Friendly Avenue||Greensboro, NC 27408|
|Carolina Bank Branch||3214 S. Church St.||Burlington, NC 27215|
|Asheboro Office||335 S. Fayetteville Street||Asheboro, NC 27203|
|High Point Branch||4010 Brian Jordan Place||High Point, NC 27265|