Select Bancorp, Inc., formerly New Century Bancorp, Inc., is a commercial bank holding company. The Company operates through its subsidiary, New Century Bank (the Bank). The Bank’s lending activities are focused on the consumer/retail customer, as well as to the small-to-medium sized businesses located in southeastern North Carolina. The Bank offers the standard complement of commercial, consumer, and mortgage lending products, as well as the ability to structure products to fit specialized needs. The deposit services offered by the Bank include small business and personal checking, savings accounts and certificates of deposit. The Bank focuses on customer relationships in building its customer deposit base. The loans comprise of real estate loans. The Company’s investment consists of the United States government agency securities, the United States government sponsored entities agency securities, mortgage-backed securities and bank-qualified municipal securities.