$54.4M
total assets, March 31, 2012
Carolina Federal Savings Bank was a savings bank in Charleston, SC. It failed on Jun 8, 2012, and Bank Of North Carolina took over its deposits. At its last report it held $54.4 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2012
This bank failed
- Failed on
- Jun 8, 2012
- Assets
- $54.4M
- Deposits
- $53.1M
- Estimated cost
- $17.6M
- Deposits went to
- Bank Of North Carolina, Thomasville, NC
Total assets
$54.4M
-7.2% in a year · -3.5% in a quarter
Deposits
$53.1M
+2.1% in a year · -3.6% in a quarter
Loans
$41.4M
-14.4% in a year · -2.3% in a quarter
Profit so far
$30K
Jan 1 to Mar 31, 2012
Capital ratio
2.06%
-3.79 pts in a year
Return on assets
0.22%
+1.19 pts in a year
Facts
- Type
- Savings bank
- Head office
- 4 Carriage Lane, Suite 101, Charleston, SC, 29407
- County
- Charleston
- Established
- Aug 22, 1960
- Failed
- Jun 8, 2012
- Employees
- 16
- Branches
- 3
- Id
- b35372
Quarter by quarter
September 30, 1999 to March 31, 2012
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Carolina Federal Savings Bank?
$54.4 million in total assets and $53.1 million in deposits as of March 31, 2012, with assets down 7.2% from a year before. Its loans were $41.4 million.
How many branches does Carolina Federal Savings Bank have?
3 branches in South Carolina as of June 30, 2026.
Is Carolina Federal Savings Bank profitable?
Yes: it earned $30,000 from January 1 to March 31, 2012. Its return on assets was 0.22% a year; about 1% is typical.
When did Carolina Federal Savings Bank fail?
Jun 8, 2012. Bank Of North Carolina of Thomasville, NC took over its deposits. The estimated cost of the failure was $17.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.