- Opt In/Out for Overdraft Protection
- Questions and Answers Concerning Overdraft Changes
- Protecting yourself from Online Banking Fraud
- Steps to protect yourself from Identity Theft
- Carolina Trust Bank stock is now listed on the Nasdaq Capital Market. Our symbol is CART. Click here for details!
- Lincolnton's Local News
- 2009 Annual Report
- 2009 10-K
- 2010 Proxy Statement
- 2008 Annual Report
- 2008 10-K
- 2009 Proxy Statement
- March 31, 2009 10-Q
- New! Order your own checks!
- New! Bank Owned Real Estate
Investor Relations
Carolina Trust Bank Announces Third Quarter Results
October 18, 2006
Back to Investor Relations
CONTACT: Carolina Trust Bank Lincolnton, NC John Michael Cline, President & CEO (704) 735-1104
Carolina Trust Bank Announces Third Quarter Results
Carolina Trust Bank (Nasdaq: CART) reported net income for the quarter ended September 30, 2006 of $450,000, compared to $451,000 for the same quarter last year. Basic and diluted earnings per share were $.29 and $.28 which were the same as third quarter of 2005.
As of September 30, 2006, the Bank reported total assets of $112,295,000 compared to $101,714,000 one year ago.
Total Deposits were up 9% to $89,823,000 and total loans were up 14.4% to $93,503,000 when compared to the same quarter last year.
Net income year-to-date was $1,240,000 which is an increase of 43% over the same period last year. Basic and diluted earnings per share were $.79 and $.76 for 2006 compared to $.56 and $.55 for 2005 year-to-date.
We are pleased with the growth and profitability the Bank continues to have in the markets we operate in. Although loan growth has slowed slightly we have positioned our balance sheet for long-term growth. Recently we added several experienced lenders to our staff from our local market which should help in market share growth.
The Bank has received approval from the State Banking Commission and the FDIC to open a full service branch in the Boger City area of Lincolnton.
Carolina Trust Bank is a full service state chartered bank headquartered in Lincolnton, N.C. operating out of four branches in Lincoln and Catawba Counties. Its common stock is traded on the NASDAQ under the symbol CART. Visit our web site at www.carolinatrust.com.