Carolina Bank & Trust Co.

Headquarters

112 Main Street
Lamar, SC 29069
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.25% 0.95% →
2-Year CD 0.25% 1.05% →
5-Year CD 0.56% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Carolina Bank & Trust Co. is an FDIC insured institution located in Lamar, SC. It was founded in 1936 and has approximately $0.51 billion in assets. Customers can open an account at one of its 16 branches.

FDIC Insured Yes
FDIC Certificate # 16723
Date Established 1936
Assets $ 510.83 million
Loans $ 334.30 million
Deposits $ 439.70 million
Capital $ 66.04 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.26% $10,000 $14,999 Learn More
Money Market
0.26% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
30 Mo CD
0.25% $10,000 $14,999 Learn More
30 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.25% $10,000 $14,999 Learn More
36 Mo CD
0.25% $100,000 $199,999 Learn More
48 Mo CD
0.40% $10,000 $14,999 Learn More
48 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.56% $10,000 $14,999 Learn More
60 Mo CD
0.56% $100,000 $199,999 Learn More


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Carolina Bank & Trust Co.

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
2.815% 2.750% 0.88 $2,122 $1,021 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
See Table
2.990 %
$0 Learn More
More Info

Note to Carolina Bank & Trust Co.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Carolina Bank & Trust Co. 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 Bank & Trust Co. Locations


Financial Details

Carolina Bank & Trust Co. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Carolina Bank & Trust Co.. 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 Bank & Trust Co. U.S. Bank Average
6.22% 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 Bank & Trust Co. had $4,419,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $66,041,000 in equity and $5,003,000 in loans loss reserves. That gives it a Texas Ratio of 6.22%.

Return on Equity
Carolina Bank & Trust Co. U.S. Bank Average
9.33% 7.80%

Carolina Bank & Trust Co. has a Return on Equity of 9.33% 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 Bank & Trust Co. U.S. Bank Average
12.93% 12.68%

Carolina Bank & Trust Co. has a Capitalization of 12.93% 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 Bank & Trust Co. Balance Sheet Analysis

As of March 31, 2020, Carolina Bank & Trust Co. had assets of $510,829,000, loans of $334,296,000, and deposits of $439,697,000. 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 $ 82.10 million
Interest-bearing balances $ 72.77 million
Total securities $ 65.07 million
Federal funds sold and reverse repurchase $ 2.68 million
Net loans and leases $ 334.30 million
Loan loss allowance $ 5.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 17.01 million
     Total Assets $ 444.79 million
LIABILITIES
Total deposits $ 439.70 million
      Interest-bearing deposits $ 295.95 million
      Deposits held in domestic offices $ 439.70 million
      % insured (estimated) 72.27%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 5.09 million
      Total Liabilities $ 444.79 million
      Shareholders’ Equity $ 66.04 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.07 million
Total Interest Expense $ 0.49 million
Net interest income $ 4.57 million
Provision for loan and lease losses $ 0.20 million
Total non interest income $ 0.78 million
Total non interest expense $ 3.16 million
Pre-tax Net Operating Income $ 1.99 million

Bank Loan Profile?

The top three loan types in Carolina Bank & Trust Co.’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in South Carolina, Carolina Bank & Trust Co. has a significantly higher percent of 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 29.07
Multifamily
Mortgages
1.41
Credit Card Loans 0.00
Consumer Auto Loans 0.60
Small Business Loans 0.00
Construction and Development Loans 7.86
Commercial Real Estate 45.62
Commercial and Industrial Loans 13.57
Farm Loans 0.71

Frequently Asked Questions About Carolina Bank & Trust Co.

Branches and Savings

Is Carolina Bank & Trust Co. FDIC insured?

Yes. It is covered under FDIC Certificate #16723.

Why does Carolina Bank & Trust Co. pay such low interest on savings accounts?

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

Why are Carolina Bank & Trust Co. CD rates not competitive?

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

Is Carolina Bank & Trust Co. a commercial bank?

Yes

Where are Carolina Bank & Trust Co. locations?

See branch locations nearby.

Is Carolina Bank & Trust Co. open on Saturdays?

Is Carolina Bank & Trust Co. open on Sundays?

What time does Carolina Bank & Trust Co. open?

What time does Carolina Bank & Trust Co. close?

Are Carolina Bank & Trust Co. ATMs Open 24/7?

Do Carolina Bank & Trust Co. ATMs accept cash deposits?

Can Carolina Bank & Trust Co. customers use other ATMs?

Do Carolina Bank & Trust Co. branches have notaries?

Will Carolina Bank & Trust Co. notarize my document?

What address for Carolina Bank & Trust Co. should I put for incoming ACH transfers?

Will the Carolina Bank & Trust Co. branch print checks?

Do Carolina Bank & Trust Co. checks expire?

Does Carolina Bank & Trust Co. require US citizenship to open account?

Can Carolina Bank & Trust Co. close my account?

Does Carolina Bank & Trust Co. Report to credit bureaus?

Does Carolina Bank & Trust Co. Use Equifax?

What is Carolina Bank & Trust Co.'s ACH Routing Number?

What is Carolina Bank & Trust Co.'s SWIFT code?

Products

Does Carolina Bank & Trust Co. offer mortgages?

Compare mortgage rates here.

Does Carolina Bank & Trust Co. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Carolina Bank & Trust Co. offer personal loans?

Compare personal loan rates here.

Does Carolina Bank & Trust Co. offer student loans?

Will Carolina Bank & Trust Co. cash a check?

Will Carolina Bank & Trust Co. redeem a savings bond?

Does Carolina Bank & Trust Co. cash savings bonds?

Will Carolina Bank & Trust Co. cash money orders?

Can Carolina Bank & Trust Co. issue a money order?

Does Carolina Bank & Trust Co. do currency exchange?

Background on The Bank

Who owns Carolina Bank & Trust Co.?

How long has Carolina Bank & Trust Co. been around?

Can Carolina Bank & Trust Co. transfer to other banks?

Does Carolina Bank & Trust Co. have quick pay?

Does Carolina Bank & Trust Co. accept rolled coins?

Will Carolina Bank & Trust Co. accept loose change?

Where is Carolina Bank & Trust Co. headquarters?

Customer Reviews for Carolina Bank & Trust Co.

There are currently no comments for Carolina Bank & Trust Co.. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →