Carter Bank & Trust
Headquarters
4 Commonwealth Blvd E
Martinsville, VA 24112
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2026 Overview
General Bank Information
Carter Bank & Trust is an FDIC insured institution located in Martinsville, VA. It was founded in 2006 and has approximately $4.8 billion in assets. Customers can open an account at one of its 123 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 58596 |
| Date Established | 2006 |
| Assets | $ 4.80 billion |
| Loans | $ 3.68 billion |
| Deposits | $ 4.20 billion |
| Capital | $ 541.85 million |
For a more detailed analysis of Carter Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 8, 2026
Your Current Location: Connecticut, CT
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Loan Rates - November 8, 2026
Your Current Location: Connecticut, CT
There are currently no loan rates available for Carter Bank & Trust
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Branches
Carter Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
New London,Connecticut
Carter Bank & Trust Locations
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 330.90 | A | View Lobby Hours | |
| 337.02 | B | View Lobby Hours | |
| 343.33 | C | View Lobby Hours | |
| 344.92 | D | View Lobby Hours | |
| 346.39 | E | View Lobby Hours | |
| 353.02 | F | View Lobby Hours | |
| 354.85 | G | View Lobby Hours | |
| 356.38 | H | View Lobby Hours | |
| 358.92 | I | View Lobby Hours | |
| 369.73 | J | View Lobby Hours | |
| 406.06 | K | View Lobby Hours | |
| 410.08 | L | View Lobby Hours | |
| 410.75 | M | View Lobby Hours | |
| 412.81 | N | View Lobby Hours | |
| 412.88 | O | View Lobby Hours | |
| 417.94 | P | View Lobby Hours | |
| 418.61 | Q | View Lobby Hours | |
| 426.42 | R | View Lobby Hours | |
| 431.22 | S | View Lobby Hours | |
| 431.56 | T | View Lobby Hours | |
| 431.68 | U | View Lobby Hours | |
| 451.77 | V | View Lobby Hours | |
| 452.22 | W | View Lobby Hours | |
| 458.68 | X | View Lobby Hours | |
| 460.41 | Y | View Lobby Hours | |
| 460.52 | Z | View Lobby Hours |
Climate Policy and Initiatives
Carter Bank & Trust is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Carter Bank & Trust Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Carter Bank & Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Carter Bank & Trust | U.S. Bank Average |
|---|---|
| 6.85% | 6.04% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2026, Carter Bank & Trust had $37,561,000 in non-current loans and $3,356,000 in owned real estate. To cover these potential losses it had $541,852,000 in equity and $55,170,000 in loans loss reserves. That gives it a Texas Ratio of 6.85%.
Return on Equity
| Carter Bank & Trust | U.S. Bank Average |
|---|---|
| 37.13% | 11.52% |
Carter Bank & Trust has a Return on Equity of 37.13% versus the BestCashCow average of 11.52%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Carter Bank & Trust | U.S. Bank Average |
|---|---|
| 11.3% | 11.94% |
Carter Bank & Trust has a Capitalization of 11.3% versus the BestCashCow average of 11.94. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Carter Bank & Trust Balance Sheet Analysis
As of June 30, 2026, Carter Bank & Trust had assets of $4,797,064,000, loans of $3,679,891,000, and deposits of $4,197,560,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2026| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 273.40 million |
| Interest-bearing balances | $ 232.30 million |
| Total securities | $ 652.98 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 3.68 billion |
| Loan loss allowance | $ 55.17 million |
| Trading account assets | $ 10.93 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 3.36 million |
| Goodwill and other intangibles | $ 2.01 million |
| All other assets | $ 147.82 million |
| Total Assets | $ 4.26 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 4.20 billion |
| Interest-bearing deposits | $ 4.01 billion |
| Deposits held in domestic offices | $ 4.20 billion |
| % insured (estimated) | 82.31% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | $ 10.85 million |
| Other borrowed funds | $ 6.17 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 12.00 million |
| Total Liabilities | $ 4.26 billion |
| Shareholders’ Equity | $ 541.85 million |
Summary Income Statement
June 30, 2026| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 120.66 million |
| Total Interest Expense | $ 44.79 million |
| Net interest income | $ 75.87 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 73.92 million |
| Total non interest expense | $ 57.86 million |
| Pre-tax Net Operating Income | $ 24.73 million |
Bank Loan Profile?
The top three loan types in Carter Bank & Trust’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.
Compared to other banks in Virginia, Carter Bank & Trust has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 16.05 | ✓ | ||
| Multifamily Mortgages |
6.45 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.11 | ✓ | ||
| Small Business Loans | 2.82 | ✓ | ||
| Construction and Development Loans | 11.72 | ✓ | ||
| Commercial Real Estate | 34.73 | ✓ | ||
| Commercial and Industrial Loans | 6.92 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for Carter Bank & Trust
5.0 out of 5 based on 1 rating
Tom Brandy
August 5, 2020 |
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Is this review helpful? Yes:0 / No: 0
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