Carolina Trust Bank


901 East Main Street
Lincolnton, NC 28092
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Carolina Trust Bank is an FDIC insured institution located in Lincolnton, NC. It was founded in 2000 and has approximately $0.62 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 57026
Date Established 2000
Assets $ 622.58 million
Loans $ 479.18 million
Deposits $ 519.08 million
Capital $ 77.60 million

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

Deposit Rates - September 26, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 26, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Carolina Trust 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 2021

Lender APR Rate (%) Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250%
1.00 points
$3,750 fees
$1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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BMO Harris Bank
BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to Carolina Trust Bank
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Financial Details

Carolina Trust Bank Ratio Analysis

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

Texas Ratio
Carolina Trust Bank U.S. Bank Average
4.13% 5.29%

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, 2021, Carolina Trust Bank had $2,326,000 in non-current loans and $1,043,000 in owned real estate. To cover these potential losses it had $77,596,000 in equity and $3,983,000 in loans loss reserves. That gives it a Texas Ratio of 4.13%.

Return on Equity
Carolina Trust Bank U.S. Bank Average
9.39% 11.43%

Carolina Trust Bank has a Return on Equity of 9.39% versus the BestCashCow average of 11.43%. 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.

Carolina Trust Bank U.S. Bank Average
12.46% 11.51%

Carolina Trust Bank has a Capitalization of 12.46% versus the BestCashCow average of 11.51. 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 Trust Bank Balance Sheet Analysis

As of September 30, 2019, Carolina Trust Bank had assets of $622,582,000, loans of $479,181,000, and deposits of $519,075,000. 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, 2021
Cash & Balances due from depository institutions $ 44.34 million
Interest-bearing balances $ 30.47 million
Total securities $ 64.54 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 479.18 million
Loan loss allowance $ 3.98 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.04 million
Goodwill and other intangibles $ 8.16 million
All other assets $ 16.49 million
     Total Assets $ 544.99 million
Total deposits $ 519.08 million
      Interest-bearing deposits $ 423.67 million
      Deposits held in domestic offices $ 519.08 million
      % insured (estimated) 85.40%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 20.29 million
Subordinated debt N.A.
All other liabilities $ 5.62 million
      Total Liabilities $ 544.99 million
      Shareholders’ Equity $ 77.60 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 21.86 million
Total Interest Expense $ 4.00 million
Net interest income $ 17.85 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 2.10 million
Total non interest expense $ 13.71 million
Pre-tax Net Operating Income $ 6.13 million

Bank Loan Profile?

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

Compared to other banks in North Carolina, Carolina Trust Bank 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 22.66
Credit Card Loans 0.00
Consumer Auto Loans 0.61
Small Business Loans 0.00
Construction and Development Loans 9.95
Commercial Real Estate 48.76
Commercial and Industrial Loans 11.40
Farm Loans 0.04

Frequently Asked Questions About Carolina Trust Bank

Branches and Savings

Is Carolina Trust Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57026.

Why does Carolina Trust 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 Trust Bank CD rates not competitive?

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

Is Carolina Trust Bank a commercial bank?


Where are Carolina Trust Bank locations?

See branch locations nearby.

Is Carolina Trust Bank open on Saturdays?

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Are Carolina Trust Bank ATMs Open 24/7?

Do Carolina Trust Bank ATMs accept cash deposits?

Can Carolina Trust Bank customers use other ATMs?

Do Carolina Trust Bank branches have notaries?

Will Carolina Trust Bank notarize my document?

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

Will the Carolina Trust Bank branch print checks?

Do Carolina Trust Bank checks expire?

Does Carolina Trust Bank require US citizenship to open account?

Can Carolina Trust Bank close my account?

Does Carolina Trust Bank Report to credit bureaus?

Does Carolina Trust Bank Use Equifax?

What is Carolina Trust Bank's ACH Routing Number?

What is Carolina Trust Bank's SWIFT code?


Does Carolina Trust Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Carolina Trust Bank offer personal loans?

Compare personal loan rates here.

Does Carolina Trust Bank offer student loans?

Will Carolina Trust Bank cash a check?

Will Carolina Trust Bank redeem a savings bond?

Does Carolina Trust Bank cash savings bonds?

Will Carolina Trust Bank cash money orders?

Can Carolina Trust Bank issue a money order?

Does Carolina Trust Bank do currency exchange?

Background on The Bank

Who owns Carolina Trust Bank?

How long has Carolina Trust Bank been around?

Can Carolina Trust Bank transfer to other banks?

Does Carolina Trust Bank have quick pay?

Does Carolina Trust Bank accept rolled coins?

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Where is Carolina Trust Bank headquarters?

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