5 star ratingAverage User Rating:
5 star rating based on 1 review.

Carolina Bank

Carolina Bank Locations
107 North Spring Street
Greensboro, NC 27401
(336) 288-1898
www.carolinabank.com

Carolina Bank is headquartered in Greensboro and is the 29th largest bank in the state of North Carolina. It is also the 994th largest bank in the nation. It was established in 1996 and as of September of 2011, it had grown to 167 employees at 8 locations. Carolina Bank's money market rates are 48% higher than the national average, but it has a 2-star health rating.

Carolina Bank Routing Number: 053174019

Related Posts

Top CD Specials at Carolina Bank in NC - Local Only - 7/13/2010

Carolina Bank is offering three competitive CD specials. The best is a 3.01% APY 55-month CD. The other ones are a 1.42% APY 10-month CD and a 1.86% APY 21-month CD. Minimum deposit is $10,000. These ...



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

Carolina Bank Checking Account Rates

ApyMinMaxProduct
0.52%$10k-SmartBanker Checking
0.25%--Non-Profit Checking
0.05%--Carolina Premier Checking
0.05%--Platinum Checking

Carolina Bank Savings Account Rates

ApyMinMaxProduct
0.85%$50k-SmartSavings
0.52%$10k-SmartBanker Health Savings Account (HSA)
0.10%--Regular Savings

Carolina Bank Money Market Rates

ApyMinMaxProduct
0.65%$25k-SmartBanker Plus Money Market
0.65%$10k-SmartBanker MoneyMarket IRA
0.65%$10k-SmartBanker MoneyMarket Roth IRA

Carolina Bank CD Rates

ApyMinMaxProduct
1.61%$10k-55 Month CD Special
1.32%$500-60 Month CD
1.22%$500-48 - 59 Month CD
1.07%$500-36 - 47 Month CD
0.91%$10k-21 Month CD Special
0.77%$500-24 - 35 Month CD
0.72%$10k-10 Month CD Special
0.62%$500-18 - 23 Month CD
0.47%$500-12 - 17 Month CD
0.32%$500-6 - 11 Month CD
0.27%$500-90 - 179 Day CD
0.25%$500-60 - 89 Day CD
0.20%$500-30 - 59 Day CD
0.15%$500-7 - 29 Day CD

Carolina Bank IRA Rates

ApyMinMaxProduct
1.61%$10k-55 Month IRA Special
1.61%$10k-55 Month Roth IRA Special
1.32%$500-60 Month IRA
1.32%$500-60 Month Roth IRA
1.22%$500-48 - 59 Month IRA
1.22%$500-48 - 59 Month Roth IRA
1.07%$500-36 - 47 Month IRA
1.07%$500-36 - 47 Month Roth IRA
0.91%$10k-21 Month IRA Special
0.91%$10k-21 Month Roth IRA Special
0.77%$500-24 - 35 Month IRA
0.77%$500-24 - 35 Month Roth IRA
0.72%$10k-10 Month IRA Special
0.72%$10k-10 Month Roth IRA Special
0.62%$500-18 - 23 Month IRA
0.62%$500-18 - 23 Month Roth
0.47%$500-12 - 17 Month IRA
0.47%$500-12 - 17 Month Roth IRA
0.32%$500-6 - 11 Month IRA
0.32%$500-6 - 11 Month Roth IRA
0.27%$500-90 - 179 Day IRA
0.27%$500-90 - 179 Day Roth IRA
0.25%$500-60 - 89 Day IRA
0.25%$500-60 - 89 Day Roth IRA
0.20%$500-30 - 59 Day IRA
0.20%$500-30 - 59 Day Roth IRA
0.15%$500-7 - 29 Day IRA
0.15%$500-7 - 29 Day Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Carolina Bank
FDIC Certificate #34348
BankRate ReportView
Year Established1996
Employees167
Primary RegulatorFDIC

Assets and Liabilities

Assets$661.37 million
Loans$477.73 million
Deposits$585.87 million
Equity Capital$55.27 million
Loan Loss Allowance$12.05 million
Unbacked Noncurrent Loans$24.43 million
Real Estate Owned$8.97 million

Historic Data - September 2010

Assets$699.89 million
Equity Capital$53.07 million
Loan Loss Allowance$11.63 million
Unbacked Noncurrent Loans$26.97 million
Real Estate Owned$9.75 million

Profit Margin - Quarterly

Net Interest Margin3.92%
Return on Assets0.31%
Return on Equity3.76%
Interest Income$22.79 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio2
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 Carolina Bank had $33.4 million in non-current loans and owned real-estate with $67.32 million in equity and loan loss allowances on hand to cover it. This gives Carolina Bank a Texas Ratio of 49.62% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Carolina Bank held steady from 56.76% as of September 30, 2010 to 49.62% as of September 30, 2011, resulting in a positive change of 12.58%.This indicates that the balance sheet and financial strength for Carolina Bank has held steady in recent periods.
Deposit Growth1
In the past year, Carolina Bank has decreased its total deposits by -$42.41 million, resulting in -6.75% 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 poor.
Capitalization4
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 $661.37 million in assets with $67.32 million in equity, resulting in a capitalization level of 10.18%, which is above average.
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The Bank Of The Future
5 stars - FallonDupree - Wednesday, May 11, 2011 - 10:40 PM

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.

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