The Offsite Analysis Division of the North Carolina Commissioner of Banks Office (NCCOB) uses SEP as an effective source for studying each bank's levels, trends, and growth over time.  Because it becomes a part of each bank's examination work papers, the data and reports related to SEP are strictly confidential.  Reference is made to the General Statutes of the State of North Carolina Section 53-99(b)(1).

SEP uses monthly data submitted by all of the state-chartered banks in North Carolina.  Data must be submitted online by the 15th of the following month.  Based on data for a particular month, SEP generates a package of report that permits a review of a bank's financial condition and performance.  In addition, SEP generates a set of aggregate reports that provide overviews of the North Carolina state-chartered banking industry.

NCCOB has developed the SEP system as an internet application.  The SEP system uses 128 bit Secure Socket Layer (SSL) encryption to encrypt all data exchanges between a financial institution and NCCOB.  The SEP system is designed for Internet Explorer 5.0 or higher.

Banks can access the SEP system from the following website: https://www.nccob.org/online/login.aspx

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