Bank of the Carolinas

135 Boxwood Village Drive
Mocksville, NC 27028

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34903
Date Established 1998
Assets $0.36 billion
Loans $0.27 billion
Deposits $0.32 billion
Capital $0.05 billion

Bank of the Carolinas is an FDIC insured institution located in Mocksville, NC. It was founded in 1998 and has approximately $0.35 billion in assets.

For a more detailed analysis of Bank of the Carolinas's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of the Carolinas’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, Bank of the Carolinas’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 42.53
Multifamily
Mortgages
3.07
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 19.18
Construction and Development Loans 7.81
Commercial Real Estate 38.83
Commercial and Industrial Loans 8.05
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of The Carolinas, but see these great savings and CD rates:


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of the Carolinas

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of the Carolinas
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Branches

Bank of the Carolinas branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank Of The Carolinas Locations

Financial Details

Bank of the Carolinas Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of the Carolinas. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of the Carolinas U.S. Bank Average
11.37% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of the Carolinas had $4,695,000 in non-current loans and $1,108,000 in owned real estate. To cover these potential losses it had $46,220,000 in equity and $4,815,000 in loans loss reserves. That gives it a Texas Ratio of 11.37%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of the Carolinas U.S. Bank Average
8.25% 8.58

Bank of the Carolinas has a Return on Equity of 8.25% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of the Carolinas U.S. Bank Average
12.72% 12.11

Bank of the Carolinas has a Capitalization of 12.72% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of the Carolinas Balance Sheet Analysis

As of March 31, 2015, Bank of the Carolinas had assets of $345,464,000, loans of $273,844,000, and deposits of $315,530,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Bank of the Carolinas

Branches and Savings

Is Bank of the Carolinas FDIC insured?

Yes. It is covered under FDIC Certificate #34903.

Why does Bank of the Carolinas pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank of the Carolinas CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank of the Carolinas a commercial bank?

Yes

Where are Bank of the Carolinas locations?

See branch locations nearby.

Is Bank of the Carolinas open on Saturdays?

Is Bank of the Carolinas open on Sundays?

What time does Bank of the Carolinas open?

What time does Bank of the Carolinas close?

Are Bank of the Carolinas ATMs Open 24/7?

Do Bank of the Carolinas ATMs accept cash deposits?

Can Bank of the Carolinas customers use other ATMs?

Do Bank of the Carolinas branches have notaries?

Will Bank of the Carolinas notarize my document?

What address for Bank of the Carolinas should I put for incoming ACH transfers?

Will the Bank of the Carolinas branch print checks?

Do Bank of the Carolinas checks expire?

Does Bank of the Carolinas require US citizenship to open account?

Can Bank of the Carolinas close my account?

Does Bank of the Carolinas Report to credit bureaus?

Does Bank of the Carolinas Use Equifax?

What is Bank of the Carolinas's ACH Routing Number?

What is Bank of the Carolinas's SWIFT code?

Products

Does Bank of the Carolinas offer mortgages?

Compare mortgage rates here.

Does Bank of the Carolinas offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of the Carolinas offer personal loans?

Compare personal loan rates here.

Does Bank of the Carolinas offer student loans?

Will Bank of the Carolinas cash a check?

Will Bank of the Carolinas redeem a savings bond?

Does Bank of the Carolinas cash savings bonds?

Will Bank of the Carolinas cash money orders?

Can Bank of the Carolinas issue a money order?

Does Bank of the Carolinas do currency exchange?

Background on The Bank

Who owns Bank of the Carolinas?

How long has Bank of the Carolinas been around?

Can Bank of the Carolinas transfer to other banks?

Does Bank of the Carolinas have quick pay?

Does Bank of the Carolinas accept rolled coins?

Will Bank of the Carolinas accept loose change?

Where is Bank of the Carolinas headquarters?

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