Bank Of The Carolinas Corp (BCAR) Financial Statements (2024 and earlier)

Company Profile

Business Address 135 BOXWOOD VILLAGE DRIVE
MOCKSVILLE, NC 27028
State of Incorp. NC
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 46,61214,8427,786
Cash and cash equivalents 46,61214,8427,786
Prepaid expense and other current assets630
Total current assets: 46,61214,8428,416
Noncurrent Assets
Property, plant and equipment 10,81111,27411,843
Total noncurrent assets: 10,81111,27411,843
Other undisclosed assets 328,036400,566417,133
TOTAL ASSETS: 385,459426,682437,392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 491  
Total current liabilities: 491  
Noncurrent Liabilities
Other undisclosed liabilities 337,912421,903428,327
Total liabilities: 338,403421,903428,327
Equity
Equity, attributable to parent, including: 47,0564,7799,065
Preferred stock  13,17913,179
Additional paid in capital 73,81512,99112,991
Accumulated other comprehensive income (loss) 163(3,290)583
Accumulated deficit (26,922)(37,480)(36,748)
Other undisclosed equity, attributable to parent  19,37919,060
Total equity: 47,0564,7799,065
TOTAL LIABILITIES AND EQUITY: 385,459426,682437,392

Income Statement (P&L) ($ in thousands)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues 11,635  
Net investment income 13,014  
Gross profit: 11,635  
Operating expenses (10,422)(6,873)(7,265)
Other operating income, net
(Noninterest Income, Other Operating Income)
 222828
Operating income (loss): 1,235(4,806)(7,237)
Nonoperating income 454275551
Gains (losses) on sales of other real estate 80(77)192
Bank owned life insurance income 346352359
Interest and debt expense 2,244(4,560)(5,493)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (3,596)8,6787,600
Income (loss) from continuing operations before income taxes: 337(413)(4,579)
Income tax expense (benefit) (200) 1,781
Income (loss) from continuing operations: 137(413)(2,798)
Income (loss) before gain (loss) on sale of properties: 137(413)(2,798)
Net income (loss): 137(413)(2,798)
Other undisclosed net loss attributable to parent   (1,781)
Net income (loss) attributable to parent: 137(413)(4,579)
Preferred stock dividends and other adjustments 65(978)(956)
Other undisclosed net income available to common stockholders, basic 10,203  
Net income (loss) available to common stockholders, diluted: 10,405(1,391)(5,535)

Comprehensive Income ($ in thousands)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net income (loss): 137(413)(2,798)
Other comprehensive income (loss) 5,542(3,873)(970)
Comprehensive income (loss): 5,679(4,286)(3,768)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (1,781)
Comprehensive income (loss), net of tax, attributable to parent: 5,679(4,286)(5,549)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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