Carolina Trust Bank reports $413,000 4Q loss
Published: February 2, 2011
Time posted: 9:12 am
Tags: Carolina Trust Bank
Lincolnton-based Carolina Trust Bank today said it had a loss of $413,000 in the fourth quarter of 2010, down from a loss of $1.42 million for the same quarter in 2009.
The company also reported net income of $221,000 in 2010 compared with a net loss of $2.67 million in 2009.
Total assets were $267.9 million as of Dec. 31, down from $268.9 million at the same time in 2009.
The bank has six full-service branches in Lincoln, Catawba and Gaston counties and a loan-production office in Rutherford County.