LEXINGTON, N.C. - LSB Bancshares, which has twice the federally required capital, said Monday that it may use the excess for a small acquisition, branch expansions, or a stock buyback.

LSB's capital ratio of 13% to out-does its peers in North Carolina, many of which maintain capital levels of 9% relative to assets, according to John A. Howard, an analyst who follows LSB for Equity Research Services Inc. of Raleigh, N.C. State and federal banking authorities require a capital ratio of at least 6%, Mr. Lowe said.

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