Bank of the Carolinas CORP
Financials · National Commercial Banks · NC · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY14 | FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $137,000 | −$1.4M | −$4.6M | −$28.3M | −$2.7M |
| Total assets | $385.5M | $423.6M | $437.4M | $486.0M | $535.0M |
| Total liabilities | $338.4M | $421.9M | $428.3M | $471.4M | $493.3M |
| Equity | $47.1M | $1.7M | $9.1M | $14.6M | $41.7M |
| EPS (diluted) | $0.05 | $-0.60 | $-1.42 | $-7.49 | $-0.92 |
| Shares out. | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2014- Operating margin
- —
- Net margin
- —
- Return on equity
- 0.3%
- Return on assets
- 0.0%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 87.8%
- Debt / equity
- 7.19×
- Book value / share
- $12.08
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2014- Accruals / assets
- 1.0%clean
- Piotroski F-Score
- 4/6mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 1 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2009
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Talbert Stephen ROfficer — President and CEO | Aug 5, 2015 | D | 1.0M | — |
| Safrit Lynne ScottDirector | Aug 5, 2015 | D | 63,884 | — |
| Russ John DDirector | Aug 5, 2015 | D | 2.0M | — |
| Patton Megan WeaverOfficer — SVP & CFO | Aug 5, 2015 | D | 101,000 | — |
| Norton Sam DDirector | Aug 5, 2015 | D | 2.5M | — |
| Mcclamrock Grady L JrDirector | Aug 5, 2015 | D | 1.1M | — |
| Land Henry HDirector | Aug 5, 2015 | D | 217,089 | — |
| Jordan George EOfficer — EVP and COO | Aug 5, 2015 | D | 1.0M | — |
| Glick HarveyDirector | Aug 5, 2015 | D | 5.0M | — |
| Ferber DerekDirector | Aug 5, 2015 | D | 300,000 | — |
| Talbert Stephen ROfficer — President and CEO | Jul 24, 2015 | Sell | 1,326.233 | $0.13 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Results of operations · Modified shareholder rights · Change in control · Director / officer changeAug 5, 2015
- Shareholder voteJul 20, 2015
- Other material eventJun 2, 2015
- Entered a material agreement · Results of operations · Regulation FD disclosureMay 6, 2015
- Other material eventDec 23, 2014
- Director / officer change · Shareholder voteDec 9, 2014
- Entered a material agreementNov 20, 2014
- Results of operationsNov 12, 2014
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15-12GFORM 15Aug 12, 2015
- EFFECTAug 11, 2015
- 4FORM 4 SUBMISSIONAug 5, 2015
- 4FORM 4 SUBMISSIONAug 5, 2015
- 4FORM 4 SUBMISSIONAug 5, 2015
- 4FORM 4 SUBMISSIONAug 5, 2015
- 4FORM 4 SUBMISSIONAug 5, 2015
- 4FORM 4 SUBMISSIONAug 5, 2015
- 4FORM 4 SUBMISSIONAug 5, 2015
- 4FORM 4 SUBMISSIONAug 5, 2015
- 4FORM 4 SUBMISSIONAug 5, 2015
- 4FORM 4 SUBMISSIONAug 5, 2015
- 4FORM 4 SUBMISSIONAug 5, 2015
- POS AMPOST-EFFECTIVE AMENDMENT NO.2 TO FORM S-1Aug 5, 2015
- S-3DPOSAug 5, 2015
Event-driven situations (1)
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