Case Study: Four Oaks Bank achieves relief from XBRL anxiety and major time and cost savings with Workiva Wdesk

Four Oaks Bank Cashes in with Wdesk

Four Oaks Bank and Trust Company, a community bank in North Carolina, faced an overwhelmed financial reporting team after expanded post‑2008 disclosure requirements and mandatory XBRL tagging. Grace Walter, the bank’s Financial Accounting and Reporting Supervisor, spent long hours manually assembling SEC reports while a third‑party printer quoted two to three weeks for XBRL tagging, creating costly delays and heavy overtime that strained her work‑life balance.

In fall 2011 Four Oaks implemented Wdesk, enabling in‑house XBRL tagging with Workiva support and document linking that syncs numbers across reports. The change produced professional filings, streamlined monthly board reports, and cut nearly 60 hours of required quarterly overtime; it also delivered more than $20,000 in first‑year tagging savings and over $45,000 annually thereafter, improving report quality and staff productivity.

Four Oaks Bank

Grace Walter

Financial Accounting and Reporting Supervisor