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101 North Spring Street
Greensboro, NC 27401

Carolina Bank is headquartered in Greensboro and is the 24th largest bank in the state of North Carolina. It is also the 1,005th largest bank in the nation. It was established in 1996 and as of June of 2014, it had grown to 195 employees at 8 locations. Carolina Bank has a B health rating.

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Reviews (2)


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.

The Bank Of The Future

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.


Data for Q2 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 June 30, 2014 Carolina Bank had $16.87 million in non-current loans and owned real-estate with $67.83 million in equity and loan loss allowances on hand to cover it. This gives Carolina Bank a Texas Ratio of 24.86% 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 Carolina Bank decreased slightly from 28.21% as of June 30, 2013 to 24.86% as of June 30, 2014, resulting in a positive change of 11.87%.This indicates that the balance sheet and financial strength for Carolina Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Carolina Bank has decreased its total deposits by -$3.62 million, resulting in -0.62% 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 $669.53 million in assets with $67.83 million in equity, resulting in a capitalization level of 10.13%, which is above average.

Institution Statistics

FDIC Certificate #34348
Year Established1996
Primary RegulatorFDIC
Assets and Liabilities
Assets$669.53 million
Loans$506.80 million
Deposits$578.23 million
Equity Capital$60.63 million
Loan Loss Allowance$7.20 million
Unbacked Noncurrent Loans$12.44 million
Real Estate Owned$4.43 million
Historic Data - June 2013
Assets$669.25 million
Equity Capital$63.89 million
Loan Loss Allowance$10.13 million
Unbacked Noncurrent Loans$12.44 million
Real Estate Owned$4.03 million
Profit Margin - Quarterly
Return on Assets0.34%
Return on Equity3.79%
Interest Income$12.83 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.

Carolina Bank Savings Account Rates

0.10%--Regular Savings
0.10%$10k-SmartBanker Health Savings Account (HSA)

Carolina Bank Money Market Rates

0.17%$25k-SmartBanker Plus Money Market
0.17%$10k-SmartBanker MoneyMarket IRA
0.17%$10k-SmartBanker MoneyMarket Roth IRA

Carolina Bank Checking Account Rates

0.10%--Non-Profit Checking
0.10%$10k-SmartBanker Checking
0.05%--Carolina Premier Checking
0.05%--Platinum Checking

Carolina Bank CD Rates

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

Carolina Bank IRA Rates

0.81%$10k-55 Month IRA Special
0.67%$500-60 Month IRA
0.57%$500-48 - 59 Month IRA
0.47%$500-36 - 47 Month IRA
0.42%$10k-21 Month IRA Special
0.42%$500-24 - 35 Month IRA
0.37%$500-18 - 23 Month IRA
0.32%$500-12 - 17 Month IRA
0.26%$10k-10 Month IRA Special
0.22%$500-6 - 11 Month IRA
0.17%$500-90 - 179 Day IRA
0.14%$500-60 - 89 Day IRA
0.11%$500-30 - 59 Day IRA
0.10%$500-7 - 29 Day IRA

Carolina Bank Locations
Carolina Bank101 North Spring StreetGreensboro, NC 27401
Winston-Salem Branch1590 Westbrook Plaza DriveWinston Salem, NC 27103
Highwoods Boulevard Branch1601 Highwoods BoulevardGreensboro, NC 27410
Lawndale Drive Branch2604 Lawndale DriveGreensboro, NC 27408
Friendly Avenue Branch3124 West Friendly AvenueGreensboro, NC 27408
Carolina Bank Branch3214 S. Church St.Burlington, NC 27215
Asheboro Office335 S. Fayetteville StreetAsheboro, NC 27203
High Point Branch4010 Brian Jordan PlaceHigh Point, NC 27265