North Carolina Banks: Highest Auto Loan Charge-Offs

Definition and formula

The auto loan net charge-off rate is automobile loans written off as uncollectible, less recoveries on loans written off earlier, as an annualized percent of average automobile loans.

Auto loan net charge-off rate = (Automobile loan charge-offs - Automobile loan recoveries), annualized / Average automobile loans

The glossary entry for Auto Loans explains each term, the call report items behind it and a worked example.

Which banks are ranked

This list ranks the 4 banks headquartered in North Carolina that meet every rule below, using each bank's latest FFIEC call report (data as of September 30, 2026).

• Banks with at least $100M in total assets, so a ratio on a very small balance sheet cannot lead the list.
• Banks with at least $25M in automobile loans, so a rate on a few loans cannot lead the list.
• Lending institutions only: charters with loans under 5% of assets, mostly trust and custody banks, are not ranked.
• Charters the regulator has closed, merged or converted are excluded.
• Each bank charter ranks on its own; holding companies are not combined.

What moves the auto loan net charge-off rate

Auto charge-offs rise when borrowers fall behind and the repossessed vehicle sells for less than the loan balance, so used-car prices matter as much as borrower credit. Lenders that buy loans through dealers, lend to borrowers with lower credit scores or offer long terms run higher rates. The rate is net of what the bank recovers from selling repossessed cars, so a fall in used-car prices can raise it even when delinquency is flat.