Bank Of The Carolinas Corp (BCAR) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46,61214,8427,786
Cash and cash equivalents46,61214,8427,786
Prepaid expense and other current assets630
Total current assets:46,61214,8428,416
Noncurrent Assets
Property, plant and equipment10,81111,27411,843
Total noncurrent assets:10,81111,27411,843
Other undisclosed assets328,036397,534417,133
TOTAL ASSETS:385,459423,650437,392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt491  
Total current liabilities:491  
Noncurrent Liabilities
Other undisclosed liabilities337,912421,902428,327
Total liabilities:338,403421,902428,327
Stockholders' equity
Stockholders' equity attributable to parent, including:47,0561,7489,065
Preferred stock 13,17913,179
Additional paid in capital73,81512,99112,991
Accumulated other comprehensive income (loss)163(5,379)583
Accumulated deficit(26,922)(38,422)(36,748)
Other undisclosed stockholders' equity attributable to parent 19,37919,060
Total stockholders' equity:47,0561,7489,065
TOTAL LIABILITIES AND EQUITY:385,459423,650437,392

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

12/31/2014
12/31/2013
12/31/2012
Revenues11,635  
Net investment income13,014  
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 income454275551
Gains (losses) on sales of other real estate80(77)192
Bank owned life insurance income346352359
Interest and debt expense2,244(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)(942)1,781
Net income (loss):137(1,355)(2,798)
Other undisclosed net loss attributable to parent  (1,781)
Net income (loss) attributable to parent:137(1,355)(4,579)
Preferred stock dividends and other adjustments65(978)(956)
Other undisclosed net income available to common stockholders, basic10,203  
Net income (loss) available to common stockholders, diluted:10,405(2,333)(5,535)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):137(1,355)(2,798)
Other comprehensive income (loss)5,542(5,962)(970)
Comprehensive income (loss):5,679(7,317)(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(7,317)(5,549)

Statements sources

The financial statements are based on the company's filings with the 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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