The repurchase of $1.40 million of outstanding preferred shares primarily accounted for a decrease in shareholders' equity to $24.94 million at Dec. 31, 2012, from $26.98 million at Sept. 30, 2012. Even with the bank's repurchase of preferred shares, Carolina Trust Bank continues to maintain strong capital levels that exceed regulatory requirements for being "well-capitalized." At Dec. 31, 2012, the bank reported Tier 1 Leverage Ratio of 8.61%, Tier 1 Risk-based Capital Ratio of 10.60%, and Total Risk-based Capital Ratio of 11.86%.Review of Income Statement
Carolina Trust Bank Reports Full Year 2012 Net Loss To Common Shareholders Of $60,000, A $2,240,000 Net Improvement From The Loss In 2011
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