Both the FDIC and NCCOB performed annual reviews of Cooperative, assigning it "CAMELS scores" on a scale of 1-5 ("1" being the highest and "5" being the lowest) in six categories: capital, asset quality, management, earnings, liquidity, and sensitivity to market risk.
In 2008, the FDIC and NCCOB conducted a joint review of Cooperative, issuing it the lowest possible rating of "5" in every category but one.
Although the Fourth Circuit referred to the North Carolina Office of the Commissioner of Banks as the "NCCB" in its opinion, the prevailing acronym in North Carolina is "NCCOB," so that is the form this Note uses.