GREENSBORO, N.C., Aug. 5, 2010 (GLOBE NEWSWIRE) -- In a release issued by Carolina Bank Holdings, Inc. (Nasdaq:CLBH) on August 2, 2010 under the same headline, please note that in the Consolidated Balance Sheets, the numbers in the rows "Total stockholders' equity" and "Total liabilities and stockholders' equity" were incorrect, as originally stated. The corrected numbers, including the entire Consolidated Balance Sheets, follows:
| Carolina Bank Holdings, Inc. and Subsidiary | |||
| Consolidated Balance Sheets | |||
| At June 30, 2010 and 2009 and December 31, 2009 | |||
| (unaudited) | |||
| June 30, | December 31, | ||
| 2010 | 2009 | 2009 | |
| ASSETS | |||
| Cash and due from banks | $ 6,038 | $ 17,256 | $ 6,416 |
| Short-term investments and interest-earning deposits | 30,942 | 21 | 34,039 |
| Total cash and cash equivalents | 36,980 | 17,277 | 40,455 |
| Securities available for sale, at fair value | 48,572 | 55,149 | 52,924 |
| Securities held-to-maturity, at amortized cost | 681 | 933 | 770 |
| Loans held for sale | 46,207 | 36,606 | 29,388 |
| Loans | 533,486 | 532,954 | 530,606 |
| Allowance for loan losses | (10,270) | (7,560) | (10,081) |
| Net loans | 523,216 | 525,394 | 520,525 |
| Premises and equipment, net | 18,965 | 19,415 | 19,351 |
| Other assets | 29,719 | 20,418 | 33,639 |
| Total assets | $ 704,340 | $ 675,192 | $ 697,052 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||
| LIABILITIES | |||
| Deposits: | |||
| Noninterest-bearing | $ 42,132 | $ 31,754 | $ 39,261 |
| Interest-bearing | 584,395 | 527,036 | 578,210 |
| Total deposits | 626,527 | 558,790 | 617,471 |
| Short-term borrowings | 5,240 | 2,138 | 683 |
| Federal Home Loan Bank advances | 2,744 | 41,821 | 7,783 |
| Subordinated debentures | 19,377 | 19,302 | 19,360 |
| Other liabilities | 4,093 | 4,199 | 3,807 |
| Total liabilities | 657,981 | 626,250 | 649,104 |
| STOCKHOLDERS' EQUITY | |||
|
Preferred stock, no par, authorized 1,000,000 shares; issued and outstanding 16,000 shares in 2010 and 2009 |
14,639 | 14,313 | 14,473 |
|
Common stock, $1 par value, 20,000,000 shares authorized; issued and outstanding -- 3,387,045 shares in 2010 and 2009 |
3,387 | 3,387 | 3,387 |
| Common stock warrants | 1,841 | 1,841 | 1,841 |
| Additional paid-in capital | 15,817 | 15,780 | 15,799 |
| Retained earnings | 9,603 | 13,355 | 11,445 |
| Stock in director rabbi trust | (608) | (758) | (874) |
| Directors deferred fees obligation | 608 | 758 | 874 |
| Accumulated other comprehensive income | 1,072 | 266 | 1,003 |
| Total stockholders' equity | 46,359 | 48,942 | 47,948 |
| Total liabilities and stockholders' equity | $ 704,340 | $ 675,192 | $ 697,052 |