Carolina Financial Corporation CARO Balance Sheet

Carolina financial corporation (CARO)

Balance Sheet / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13
ASSETS
Cash and due from banks
41	25	34	25	28	37	27	25	25	14	14	21	9	9	12	10	10	11	13	15	10	10	9	6	4
Interest-bearing cash
91	51	33	34	33	38	54	35	55	31	30	36	14	29	27	19	16	10	15	11	10	18	17	9	34
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	10	-	-	6	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents
133	76	68	60	62	75	82	61	81	45	45	68	24	38	46	30	26	22	29	26	21	29	26	16	38
Securities available-for-sale (cost of $868,214 at December 31, 2019 and $844,461 at December 31, 2018)
879	796	791	813	842	817	804	753	743	523	500	494	335	336	345	314	306	313	291	289	251	222	207	199	167
Securities held-to-maturity (fair value of $0 at December 31, 2016 and $17,965 at December 31, 2015)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	16	17	17	17	18	25	24	24	24	24
Federal Home Loan Bank stock, at cost
23	21	19	18	21	17	19	17	19	10	10	12	11	7	7	7	9	7	9	7	5	6	4	3	4
Other investments
3	3	3	3	3	3	3	3	3	2	2	2	1	1	3	3	1	3	3	2	2	1	1	1	1
Derivative assets
1	2	2	3	4	6	6	4	2	2	2	3	2	3	3	2	1	2	2	2	1	1	2	1	1
Loans held for sale
31	36	28	23	16	25	39	24	35	26	36	21	31	36	36	31	41	31	60	51	40	35	47	31	36
Loans receivable, net of allowance for loan losses of $16,521 at December 31, 2019 and $14,463 at December 31, 2018
3,211	2,706	2,635	2,575	2,509	2,443	2,414	2,367	2,308	1,473	1,424	1,406	1,167	1,122	1,056	953	912	846	831	794	768	651	605	571	535
Premises and equipment, net
70	59	59	60	60	61	62	62	61	46	46	46	37	35	35	32	32	32	31	31	31	19	18	18	17
Right of use operating lease asset
17	17	17	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest receivable
14	13	12	13	13	13	12	11	11	7	7	6	5	4	4	4	4	4	4	4	3	2	3	2	2
Real estate acquired through foreclosure, net
2	1	1	1	1	1	1	1	3	1	1	1	1	2	3	1	2	2	3	3	3	4	5	5	6
Deferred tax assets, net
2	1	1	4	5	6	6	4	2	7	8	10	8	8	7	5	5	4	4	4	4	5	5	7	7
Income taxes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Mortgage servicing rights
25	26	29	32	32	32	23	21	21	17	16	15	15	13	12	11	11	11	10	10	10	9	9	10	10
Cash value life insurance
71	59	59	58	58	58	57	57	57	38	38	37	28	28	28	28	28	21	21	21	21	21	21	21	20
Core deposit intangible
16	14	14	15	16	17	18	18	19	7	7	8	3	3	3	2	2	3	3	3	3	-	-	-	-
Goodwill
184	127	127	127	127	127	127	127	127	37	37	37	4	4	4	-	0	-	-	-	-	-	-	-	-
Other assets
19	14	14	12	12	11	13	13	21	7	7	9	5	5	5	4	4	4	2	3	4	3	3	3	5
Total assets
4,708	3,979	3,888	3,842	3,790	3,721	3,693	3,553	3,519	2,256	2,191	2,182	1,683	1,653	1,606	1,453	1,409	1,330	1,325	1,276	1,199	1,039	988	918	881
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Noninterest-bearing deposits
668	611	616	575	547	567	577	547	525	333	330	298	229	267	246	200	163	188	185	164	142	107	102	88	83
Interest-bearing deposits
2,739	2,231	2,189	2,241	2,171	2,192	2,131	2,129	2,079	1,374	1,333	1,309	1,028	1,044	1,016	927	868	845	820	825	821	676	677	657	614
Total deposits
3,408	2,843	2,806	2,817	2,718	2,759	2,708	2,676	2,604	1,707	1,663	1,607	1,258	1,312	1,263	1,127	1,031	1,033	1,005	989	964	783	779	745	697
Short-term borrowed funds
437	417	370	321	405	320	354	308	340	180	149	214	203	87	97	70	120	105	147	115	57	92	35	5	10
Long-term debt
54	42	46	59	59	44	46	67	72	54	75	55	38	68	68	98	103	68	55	56	61	56	69	69	74
Right of use operating lease liability
17	17	17	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative liabilities
3	4	3	2	1	0	0	0	0	0	0	0	0	2	4	2	0	2	0	1	1	0	0	0	0
Drafts outstanding
8	6	13	7	8	8	10	10	7	5	3	7	6	3	4	1	2	2	2	3	3	2	2	1	2
Advances from borrowers for insurance and taxes
3	6	6	5	4	5	4	3	3	3	2	2	1	2	1	0	0	1	1	0	0	0	0	0	0
Accrued interest payable
2	2	2	2	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-
Reserve for mortgage repurchase losses
0	0	1	1	1	1	1	1	1	2	2	2	2	3	3	3	3	4	4	4	4	5	5	5	6
Dividends payable to stockholders
2	2	2	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accrued expenses and other liabilities
26	14	11	15	14	14	12	7	11	11	11	19	9	12	8	4	7	7	7	5	11	4	4	4	7
Total liabilities
3,965	3,358	3,282	3,253	3,215	3,157	3,141	3,078	3,043	1,966	1,910	1,910	1,520	1,493	1,451	1,310	1,269	1,225	1,225	1,178	1,105	947	899	833	799
Commitments and contingencies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Stockholders' equity:
Preferred stock, par value $.01; 1,000,000 shares authorized at December 31, 2019 and December 31, 2018; no shares issued or outstanding
-	0	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, par value $.01; 50,000,000 shares authorized at December 31, 2019 and December 31, 2018, respectively; 24,777,608 and 22,387,009 issued and outstanding at December 31, 2019 and December 31, 2018, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
514	403	404	404	408	412	412	348	348	168	168	168	66	65	65	56	56	24	23	23	23	23	22	22	22
Retained earnings
221	207	192	179	167	153	139	126	123	117	110	102	98	93	88	86	82	79	76	72	69	68	65	63	62
Accumulated other comprehensive income (loss), net of tax
7	10	7	4	-0	-2	-0	-0	3	3	2	0	-1	0	1	-0	0	0	0	1	0	0	0	-1	-2
Total stockholders' equity
743	621	605	589	575	564	551	475	475	290	281	271	163	160	155	142	139	104	100	97	93	91	89	85	82
Total liabilities and stockholders' equity
4,708	3,979	3,888	3,842	3,790	3,721	3,693	3,553	3,519	2,256	2,191	2,182	1,683	1,653	1,606	1,453	1,409	1,330	1,325	1,276	1,199	1,039	988	918	881