Carolina Alliance Bank

Headquarters

200 South Church Street
Spartanburg, SC 29306
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.10% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Carolina Alliance Bank is an FDIC insured institution located in Spartanburg, SC. It was founded in 2007 and has approximately $0.76 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 58432
Date Established 2007
Assets $ 760.89 million
Loans $ 585.29 million
Deposits $ 631.76 million
Capital $ 84.46 million
 

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

Deposit Rates - July 15, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - July 15, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Carolina Alliance Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,425 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Carolina Alliance Bank
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Branches

Carolina Alliance Bank 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:
Fairfield,Connecticut


Carolina Alliance Bank Locations


Financial Details

Carolina Alliance Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Carolina Alliance Bank. 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
Carolina Alliance Bank U.S. Bank Average
3.53% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Carolina Alliance Bank had $3,175,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $84,459,000 in equity and $5,493,000 in loans loss reserves. That gives it a Texas Ratio of 3.53%.

Return on Equity
Carolina Alliance Bank U.S. Bank Average
6.55% 7.80%

Carolina Alliance Bank has a Return on Equity of 6.55% versus the BestCashCow average of 7.80%. 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
Carolina Alliance Bank U.S. Bank Average
11.1% 12.68%

Carolina Alliance Bank has a Capitalization of 11.1% versus the BestCashCow average of 12.68. 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.

Carolina Alliance Bank Balance Sheet Analysis

As of March 31, 2019, Carolina Alliance Bank had assets of $757,297,000, loans of $585,292,000, and deposits of $631,761,000. 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.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 24.75 million
Interest-bearing balances $ 2.63 million
Total securities $ 95.92 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 585.29 million
Loan loss allowance $ 5.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.72 million
All other assets $ 31.85 million
     Total Assets $ 672.84 million
LIABILITIES
Total deposits $ 631.76 million
      Interest-bearing deposits $ 499.49 million
      Deposits held in domestic offices $ 631.76 million
      % insured (estimated) 82.01%
Federal funds purchased and repurchase agreements $ 13.16 million
Trading liabilities N.A.
Other borrowed funds $ 21.97 million
Subordinated debt N.A.
All other liabilities $ 5.94 million
      Total Liabilities $ 672.84 million
      Shareholders’ Equity $ 88.05 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 7.85 million
Total Interest Expense $ 1.72 million
Net interest income $ 6.13 million
Provision for loan and lease losses $ 0.28 million
Total non interest income $ 1.40 million
Total non interest expense $ 6.59 million
Pre-tax Net Operating Income $ 0.66 million

Bank Loan Profile?

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

Compared to other banks in South Carolina, Carolina Alliance Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

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 19.99
Multifamily
Mortgages
1.17
Credit Card Loans 0.00
Consumer Auto Loans 0.17
Small Business Loans 26.29
Construction and Development Loans 9.50
Commercial Real Estate 49.88
Commercial and Industrial Loans 13.96
Farm Loans 0.00

Frequently Asked Questions About Carolina Alliance Bank

Branches and Savings

Is Carolina Alliance Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58432.

Why does Carolina Alliance Bank pay such low interest on savings accounts?

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

Why are Carolina Alliance Bank CD rates not competitive?

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

Is Carolina Alliance Bank a commercial bank?

Yes

Where are Carolina Alliance Bank locations?

See branch locations nearby.

Is Carolina Alliance Bank open on Saturdays?

Is Carolina Alliance Bank open on Sundays?

What time does Carolina Alliance Bank open?

What time does Carolina Alliance Bank close?

Are Carolina Alliance Bank ATMs Open 24/7?

Do Carolina Alliance Bank ATMs accept cash deposits?

Can Carolina Alliance Bank customers use other ATMs?

Do Carolina Alliance Bank branches have notaries?

Will Carolina Alliance Bank notarize my document?

What address for Carolina Alliance Bank should I put for incoming ACH transfers?

Will the Carolina Alliance Bank branch print checks?

Do Carolina Alliance Bank checks expire?

Does Carolina Alliance Bank require US citizenship to open account?

Can Carolina Alliance Bank close my account?

Does Carolina Alliance Bank Report to credit bureaus?

Does Carolina Alliance Bank Use Equifax?

What is Carolina Alliance Bank's ACH Routing Number?

What is Carolina Alliance Bank's SWIFT code?

Products

Does Carolina Alliance Bank offer mortgages?

Compare mortgage rates here.

Does Carolina Alliance Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Carolina Alliance Bank offer personal loans?

Compare personal loan rates here.

Does Carolina Alliance Bank offer student loans?

Will Carolina Alliance Bank cash a check?

Will Carolina Alliance Bank redeem a savings bond?

Does Carolina Alliance Bank cash savings bonds?

Will Carolina Alliance Bank cash money orders?

Can Carolina Alliance Bank issue a money order?

Does Carolina Alliance Bank do currency exchange?

Background on The Bank

Who owns Carolina Alliance Bank?

How long has Carolina Alliance Bank been around?

Can Carolina Alliance Bank transfer to other banks?

Does Carolina Alliance Bank have quick pay?

Does Carolina Alliance Bank accept rolled coins?

Will Carolina Alliance Bank accept loose change?

Where is Carolina Alliance Bank headquarters?

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