Carter Bank & Trust: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Carter Bank & Trust spends more to run itself than most banks of its size. The Martinsville, Virginia bank had $4.8 billion in assets at June 30, 2026. It earns about $0.19 a year on every $100 of assets, a small fraction of the median of $1.29 for the 895 banks with $1 billion to $10 billion in assets. It also holds commercial real estate loans worth 3.9 times its capital, higher than about 9 in 10 banks its size (median 2.2 times).
Earnings fell sharply: quarterly net income of $2.4 million was 74% below a year earlier. Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 1.01% of loans from 6.69%.
As of June 30, 2026, Carter Bank & Trust reported a CET1 capital ratio of 14.34%, a return on assets of 0.19%, a nonperforming-loan ratio of 1.01% and a Texas ratio of 6.88%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 4 Commonwealth Blvd E, Martinsville, VA 24112
- County
- Martinsville City
- Metro Area
- Martinsville, VA
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- December 30, 2006
- Offices
- 66 domestic
- Employees (FTE)
- 709
- Domestic deposits
- $4.20B
- Allowance for credit losses
- $55.2M
- Net charge-offs (YTD)
- -$15.6M
- Average total assets
- $4.89B
- Average total loans
- $3.73B
- Average interest-bearing deposits
- $4.09B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- December 30, 2006
- FDIC Cert
- 58596
- Fed RSSD
- 3476192
- SEC CIK
- 1829576 → filed by CARTER BANKSHARES, INC.
- Website
- www.carterbank.com →
- Parent Holding Company
- CARTER BANKSHARES, INC. (RSSD 5530258) · CARE
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Van Dyke Litz H | CEO | CHIEF EXECUTIVE OFFICER |
| Bradford N. Langs | PRES | PRESIDENT, CHIEF STRATEGY OFCR |
| Wendy S. Bell | CFO | SENIOR EXECUTIVE VP, CFO |
| Matthew M. Speare | COO | SEVP, CHIEF OPERATING OFFICER |
| Tony E Kallsen | CCO | SEVP, CHIEF CREDIT OFFICER |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Carter Bank & Trust terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Carter Bank & Trust, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Carter Bank & Trust rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.34% | 0.19% | 1.01% | 6.88% | 3.39% |
| Q1 2026 | 13.02% | 6.99% | 0.64% | 5.15% | 3.04% |
| Q4 2025 | 10.23% | 0.76% | 6.29% | 52.28% | 2.94% |
| Q3 2025 | 10.46% | 0.51% | 6.74% | 54.43% | 2.88% |
| Q2 2025 | 10.62% | 0.77% | 6.69% | 54.42% | 2.79% |
| Q1 2025 | 10.85% | 0.81% | 7.09% | 56.00% | 2.64% |
| Q4 2024 | 10.72% | 0.76% | 7.15% | 57.40% | 2.58% |
| Q3 2024 | 10.75% | 0.54% | 8.00% | 62.35% | 2.58% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 66 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Carter Bank & Trust (main office) | Martinsville , VA | 24112 | $337.3M |
| Hillsville Branch | Hillsville , VA | 24343 | $175.5M |
| Greensboro Branch | Greensboro , NC | 27408 | $167.5M |
| Rocky Mount Branch | Rocky Mount , VA | 24151 | $144.3M |
| Riverside Drive Branch | Danville , VA | 24541 | $143.4M |
| East Galax Branch | Galax , VA | 24333 | $127.6M |
| Stuart Branch | Stuart , VA | 24171 | $113.8M |
| Collinsville Branch | Collinsville , VA | 24078 | $100.6M |
| Bassett-Stanleytown Branch | Bassett , VA | 24055 | $100.3M |
| Gretna Branch | Gretna , VA | 24557 | $99.4M |
| Westridge Branch | Greensboro , NC | 27410 | $98.9M |
| Downtown South Boston Branch | South Boston , VA | 24592 | $91.3M |
| Cave Spring Branch | Roanoke , VA | 24018 | $90.7M |
| Centerville Branch | South Boston , VA | 24592 | $87.1M |
| Lexington Branch | Lexington , VA | 24450 | $83.2M |
| Langhorne Branch | Lynchburg , VA | 24501 | $82.0M |
| Route 610 Office | Stafford , VA | 22556 | $81.6M |
| Waterlick Road Branch | Lynchburg , VA | 24502 | $80.7M |
| Floyd Branch | Floyd , VA | 24091 | $78.0M |
| North Danville Branch | Danville , VA | 24540 | $77.5M |
| Ferrum Branch | Ferrum , VA | 24088 | $71.7M |
| Independence Boulevard Branch | Mount Airy , NC | 27030 | $70.4M |
| Bedford Branch | Bedford , VA | 24523 | $64.7M |
| Boones Mill Branch | Boones Mill , VA | 24065 | $64.4M |
| Horsepasture Office | Ridgeway , VA | 24148 | $64.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| December 30, 2006 | M&A | Acquired First National Bank merger for the acquired bank | SEC |
| December 30, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 30, 2006 | Structure Change | Acquired First National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
What the public regulatory sources show for Carter Bank & Trust, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 1.1% of deposits in VA, rank 12 of 105 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 641 applications, 338 loans originated, $292.4M originated, across 6 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $500K approved, $500K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2022 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Carter Bank & Trust
What are Carter Bank & Trust's total assets?
As of the Q2 2026 filing, Carter Bank & Trust reported total assets of $4.80 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Carter Bank & Trust headquartered?
Carter Bank & Trust is headquartered in Martinsville, VA, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Carter Bank & Trust founded?
Carter Bank & Trust was established in 2006, per the FDIC institution directory.
Is Carter Bank & Trust FDIC-insured?
Yes. Carter Bank & Trust is an FDIC-insured commercial bank (FDIC Certificate #58596). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Carter Bank & Trust?
Carter Bank & Trust's primary federal regulator is the Federal Reserve. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Carter Bank & Trust's CET1 capital ratio?
Carter Bank & Trust reported a Common Equity Tier 1 (CET1) capital ratio of 14.34% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Carter Bank & Trust operate?
Carter Bank & Trust operates 66 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Carter Bank & Trust's Texas Ratio?
Carter Bank & Trust's Texas Ratio is 6.88% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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