Call reports 2011
BANK OF THE CAROLINAS — 2011
What BANK OF THE CAROLINAS reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 536,372,000 | 520,346,000 | 505,174,000 | 485,766,000 |
| Total loans | 359,561,000 | 345,617,000 | 324,757,000 | 307,907,000 |
| Allowance for loan losses | 8,314,000 | 6,685,000 | 8,691,000 | 8,101,000 |
| Securities available for sale | 114,535,000 | 116,184,000 | 111,412,000 | 110,437,000 |
| Securities held to maturity | 2,344,000 | 2,350,000 | 2,356,000 | 1,967,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 424,378,000 | 426,706,000 | 418,140,000 | 416,796,000 |
| Interest-bearing deposits | 387,967,000 | 388,530,000 | 383,694,000 | 382,762,000 |
| Noninterest-bearing deposits | 36,411,000 | 38,176,000 | 34,446,000 | 34,034,000 |
| Equity capital | 45,028,000 | 36,213,000 | 30,120,000 | 22,065,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 5,415,000 | 10,764,000 | 15,879,000 | 20,632,000 |
| Interest expense | 1,700,000 | 3,700,000 | 5,277,000 | 6,766,000 |
| Net interest income | 3,715,000 | 7,064,000 | 10,602,000 | 13,866,000 |
| Noninterest income | 388,000 | 645,000 | 1,094,000 | 882,000 |
| Noninterest expense | 3,888,000 | 10,459,000 | 15,546,000 | 20,127,000 |
| Provision for loan losses | 2,345,000 | 8,917,000 | 14,567,000 | 17,565,000 |
| Pretax income | -2,130,000 | -11,661,000 | -18,411,000 | -23,335,000 |
| Income tax | 1,027,000 | 1,059,000 | 1,091,000 | 4,162,000 |
| Net income | -3,157,000 | -12,720,000 | -19,502,000 | -27,497,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,855,000 | 31,793,000 | 25,473,000 | 20,512,000 |
| Total capital | 46,156,000 | 36,830,000 | 30,290,000 | 25,085,000 |
| Risk-weighted assets | 421,065,000 | 401,350,000 | 381,516,000 | 362,271,000 |