Carter Bank & Trust

4 East Commonwealth Boulevard
Martinsville, VA 24112

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58596
Date Established 2006
Assets $4.11 billion
Loans $2.62 billion
Deposits $3.67 billion
Capital $0.43 billion

Carter Bank & Trust is an FDIC insured institution located in Martinsville, VA. It was founded in 2006 and has approximately $4.11 billion in assets. Customers can open an account at one of its 123 branches.

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.

Bank Loan Profile?

The top three loan types in Carter Bank & Trust’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Virginia, Carter Bank & Trust has a significantly higher percent of Commercial Real Estate, Commercial and Industrial 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 5.63
Multifamily
Mortgages
4.51
Credit Card Loans 0.00
Consumer Auto Loans 0.25
Small Business Loans 3.38
Construction and Development Loans 6.13
Commercial Real Estate 46.67
Commercial and Industrial Loans 17.27
Farm Loans 0.11

Deposit Rates - July 21, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.50% $100 - Learn MoreShow Less
6 Mo CD 10K
0.75% $100 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
FIXIRA0K
1.46% $100 $9,999,999 Learn MoreShow Less
Fixed IRA 0K
1.35% $100 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.45% $2,500 $24,999 Learn MoreShow Less
MM 25K
0.55% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.35% $5,000 $9,999 Learn MoreShow Less

Loan Rates - July 21, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Carter Bank & Trust

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,354 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.459% 4.375% 0.00 $2,500 $1,249 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.740% $291.47 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to 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:
Ashburn,Virginia


Carter Bank & Trust Locations

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
26.93% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 March 31, 2018, Carter Bank & Trust had $63,227,000 in non-current loans and $63,263,000 in owned real estate. To cover these potential losses it had $432,877,000 in equity and $36,866,000 in loans loss reserves. That gives it a Texas Ratio of 26.93%.

Return on Equity
Carter Bank & Trust U.S. Bank Average
8.17% 9.35%

Carter Bank & Trust has a Return on Equity of 8.17% versus the BestCashCow average of 9.35%. 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
10.53% 12.01%

Carter Bank & Trust has a Capitalization of 10.53% versus the BestCashCow average of 12.01. 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 March 31, 2018, Carter Bank & Trust had assets of $4,112,793,000, loans of $2,624,032,000, and deposits of $3,669,576,000. 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

ASSETS
Cash & Balances due from depository institutions $0.21 billion
Interest-bearing balances $0.16 billion
Total securities $0.95 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $2.62 billion
Loan loss allowance $0.04 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.06 billion
Goodwill and other intangibles $0.06 billion
All other assets $0.12 billion
     Total Assets $3.68 billion
LIABILITIES
Total deposits $3.67 billion
      Interest-bearing deposits $3.09 billion
      Deposits held in domestic offices $3.67 billion
      % insured (estimated) 94.50%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $3.68 billion
      Shareholders’ Equity $0.43 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.04 billion
Total Interest Expense $0.01 billion
Net interest income $0.03 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Carter Bank & Trust

Branches and Savings

Is Carter Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #58596.

Why does Carter Bank & Trust pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Carter Bank & Trust CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Carter Bank & Trust a commercial bank?

Yes

Where are Carter Bank & Trust locations?

See branch locations nearby.

Is Carter Bank & Trust open on Saturdays?

Is Carter Bank & Trust open on Sundays?

What time does Carter Bank & Trust open?

What time does Carter Bank & Trust close?

Are Carter Bank & Trust ATMs Open 24/7?

Do Carter Bank & Trust ATMs accept cash deposits?

Can Carter Bank & Trust customers use other ATMs?

Do Carter Bank & Trust branches have notaries?

Will Carter Bank & Trust notarize my document?

What address for Carter Bank & Trust should I put for incoming ACH transfers?

Will the Carter Bank & Trust branch print checks?

Do Carter Bank & Trust checks expire?

Does Carter Bank & Trust require US citizenship to open account?

Can Carter Bank & Trust close my account?

Does Carter Bank & Trust Report to credit bureaus?

Does Carter Bank & Trust Use Equifax?

What is Carter Bank & Trust's ACH Routing Number?

What is Carter Bank & Trust's SWIFT code?

Products

Does Carter Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Carter Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Carter Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Carter Bank & Trust offer student loans?

Will Carter Bank & Trust cash a check?

Will Carter Bank & Trust redeem a savings bond?

Does Carter Bank & Trust cash savings bonds?

Will Carter Bank & Trust cash money orders?

Can Carter Bank & Trust issue a money order?

Does Carter Bank & Trust do currency exchange?

Background on The Bank

Who owns Carter Bank & Trust?

How long has Carter Bank & Trust been around?

Can Carter Bank & Trust transfer to other banks?

Does Carter Bank & Trust have quick pay?

Does Carter Bank & Trust accept rolled coins?

Will Carter Bank & Trust accept loose change?

Where is Carter Bank & Trust headquarters?

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