-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NAWyrLFrKF4ougcMd3Us680/Pcf5LrqtDH49Wr+PzoyGylU9Umg/eq0yqE6L7vuR cTCIS2/ki6zYYA4G6bn/vA== 0000884423-06-000008.txt : 20060921 0000884423-06-000008.hdr.sgml : 20060921 20060921142000 ACCESSION NUMBER: 0000884423-06-000008 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060921 DATE AS OF CHANGE: 20060921 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Bank of the Carolinas CORP CENTRAL INDEX KEY: 0001365997 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 204989192 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82053 FILM NUMBER: 061101828 BUSINESS ADDRESS: STREET 1: 135 BOXWOOD VILLAGE DRIVE CITY: MOCKSVILLE STATE: NC ZIP: 27028 BUSINESS PHONE: 336-751-5755 MAIL ADDRESS: STREET 1: 135 BOXWOOD VILLAGE DRIVE CITY: MOCKSVILLE STATE: NC ZIP: 27028 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SALEM INVESTMENT COUNSELORS INC CENTRAL INDEX KEY: 0000884423 IRS NUMBER: 561225913 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: POP BOX 25427 CITY: WINSTON SALEM STATE: NC ZIP: 27114-5427 BUSINESS PHONE: 3367687230 MAIL ADDRESS: STREET 1: PO BOX 25427 CITY: WINSTON-SALEM STATE: NC ZIP: 27114-5427 SC 13G 1 bc09190613g-hrb.txt SCHEDULE 13G FILE Page 1 of 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _______) Bank of the Carolinas (Name of Issuer) Common (Title of Class of Securities) 06425J102 (Cusip Number) September 19, 2006 (Date of Event Which Requires Filing of this Statement) ___ Rule 13d-1(b) ___ Rule 13d-1(c) ___ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with the respect to the subject of class of securities, and for any subsequent amendment containing information which would alter the disclosure provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 06425J102 SC 13G Page 2 of 4 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Salem Investment Counselors, Inc. 56-1225913 2 Check the Appropriate Box if a Member of a Group 3 SEC Use Only 4 Citizenship or Place of Organization North Carolina 5 Sole Voting Power 243,795 6 Shared Voting Power 7 Sole Dispositive Power 243,795 8 Shared Dispositive Power 9 Aggregate Amount Beneficially Owned by Each Reporting Person 243,795 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares 11 Percent of Class Represented by Amount in Row 9 6.37% 12 Type of Reporting Person IA SCHEDULE 13G Page 3 of 4 Item 1(a)Name of Issuer: Bank of the Carolinas Item 1(b)Address of Issuer's Principal Executive Offices: 135 Boxwood Village Drive Mocksville, North Carolina 27028 Item 2(a)Name of Person Filing: Salem Investment Counselors, Inc. Item 2(b)Address of Principal Business Office: P. O. Box 25427 Winston-Salem, North Carolina 27114-5427 Item 2(c)Citizenship: North Carolina Corporation Item 2(d)Title of Class of Securities: Common Stock Item 2(e)Cusip Number: 06425J102 Item 3(e)(X) An Investment Advisor in accordance with Section 240.13d-1(b)(1)(ii)(E) Item 4 Ownership: (a) Amount beneficially owned: 243,795 (b) Percent of Class: 6.37% (c) Number of Shares as to which such person has (i) Sole power to vote or to direct the vote: 243,795 (ii) Shared power to vote or direct the vote: -0- (iii)Sole power to dispose or direct the disposition: 243,795 (iv) Shared power to dispose or direct the disposition of: -0- Item 5 N/A Item 6 N/A Item 7 N/A Item 8 N/A Item 9 N/A SCHEDULE 13G Page 4 of 4 Item 10: Certification: By signing below I certify that to the best of my knowledge and belief, the securities referred to above were acquired and are not being held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 9/21/06 Date /s/ Dale M. Brown Signature Dale M. Brown, President Name/Title -----END PRIVACY-ENHANCED MESSAGE-----