Carter Bank & Trust


4 Commonwealth Blvd E
Martinsville, VA 24112
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 4.35% →
1-Year CD 0.30% 5.00% →
2-Year CD 0.40% 4.75% →
5-Year CD 0.60% 4.55% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2023 Overview

General Bank Information

Carter Bank & Trust is an FDIC insured institution located in Martinsville, VA. It was founded in 2006 and has approximately $4.12 billion in assets. Customers can open an account at one of its 123 branches.

FDIC Insured Yes
FDIC Certificate # 58596
Date Established 2006
Assets $ 4.12 billion
Loans $ 2.90 billion
Deposits $ 3.75 billion
Capital $ 332.95 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 - January 27, 2023

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.55% $10,000 $14,999 Learn More
48 Mo CD
0.55% $100,000 $199,999 Learn More
60 Mo CD
0.60% $10,000 $14,999 Learn More
60 Mo CD
0.60% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.08% $2,500 $3,499 Learn MoreShow Less

Loan Rates - January 27, 2023

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 2023

Lender APR Rate (%) Monthly
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NMLS ID: Not lender

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AmeriSave Mortgage Corporation
NMLS ID: 1168

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NMLS ID: Not lender

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Featured - Virginia Home Equity Line Of Credit Rates 2023

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 6.990 %
After Intro: 8.000 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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6.740 %
$0 Learn More
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Note to Carter Bank & Trust
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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.

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Climate 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.

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 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
4.75% 4.06%

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, 2022, Carter Bank & Trust had $12,029,000 in non-current loans and $8,432,000 in owned real estate. To cover these potential losses it had $332,951,000 in equity and $97,981,000 in loans loss reserves. That gives it a Texas Ratio of 4.75%.

Return on Equity
Carter Bank & Trust U.S. Bank Average
11.74% 9.98%

Carter Bank & Trust has a Return on Equity of 11.74% versus the BestCashCow average of 9.98%. 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.

Carter Bank & Trust U.S. Bank Average
8.08% 10.23%

Carter Bank & Trust has a Capitalization of 8.08% versus the BestCashCow average of 10.23. 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, 2022, Carter Bank & Trust had assets of $4,122,378,000, loans of $2,899,915,000, and deposits of $3,753,682,000. 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, 2022
Cash & Balances due from depository institutions $ 70.24 million
Interest-bearing balances $ 27.05 million
Total securities $ 907.03 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.90 billion
Loan loss allowance $ 97.98 million
Trading account assets $ 17.84 million
Bank premises and fixed assets N.A.
Other real estate owned $ 8.43 million
Goodwill and other intangibles N.A.
All other assets $ 147.82 million
     Total Assets $ 3.79 billion
Total deposits $ 3.75 billion
      Interest-bearing deposits $ 3.70 billion
      Deposits held in domestic offices $ 3.75 billion
      % insured (estimated) 88.65%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 17.57 million
Other borrowed funds $ 6.17 million
Subordinated debt N.A.
All other liabilities $ 12.00 million
      Total Liabilities $ 3.79 billion
      Shareholders’ Equity $ 332.95 million

Summary Income Statement

June 30, 2022
Total Interest Income $ 69.64 million
Total Interest Expense $ 8.96 million
Net interest income $ 60.68 million
Provision for loan and lease losses $ 2.48 million
Total non interest income $ 11.64 million
Total non interest expense $ 45.12 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.37
Credit Card Loans 0.00
Consumer Auto Loans 0.13
Small Business Loans 3.27
Construction and Development Loans 14.87
Commercial Real Estate 44.07
Commercial and Industrial Loans 8.78
Farm Loans 0.01

Customer Reviews for Carter Bank & Trust

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