Carter Bank & Trust
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Data as of · sourced from FFIEC call reports. How we update
Carter Bank & Trust is an FDIC-insured commercial bank headquartered in Martinsville, VA, established in 2006 (FDIC certificate 58596), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $4.80B, up 0.4% from Q2 2025, the 7th largest of 56 banks headquartered in Virginia. Its CET1 capital ratio was 14.34% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 58596
- Headquarters
- Martinsville, VA
- Established
- 2006
- Total assets, Q2 2026
- $4.80B
- Assets vs Q2 2025
- +0.4%
- CET1 ratio, Q2 2026
- 14.34%
- Domestic offices
- 66 FDIC institution directory, current count
- Routing number
- 051403957
- Holding company
- CARTER BANKSHARES, INC.
- Asset rank in state
- 7th of 56 in Virginia
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%. The figures come from its call report filed with the FFIEC.
Of the 56 banks headquartered in Virginia, Carter Bank & Trust is the 7th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.4% to $4.80B, loans rose 0.2% and deposits fell 0.9%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 42.2% of total loans, ahead of 1-4 family residential loans at 21.8%. The FDIC Summary of Deposits lists 66 offices for it, in 47 cities across 2 states; its Martinsville 3 offices book 10% of its branch deposits. By the capital ratios in its Q2 2026 call report, Carter Bank & Trust meets every capital ratio test for well capitalized.
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
- Domestic offices
- 66 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Carter Bank & Trust's total assets ran between $4.45B (Q3 2023) and $4.84B (Q3 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$4.80B total assets against $4.78B; $4.26B total liabilities against $4.39B.
$3.68B net loans and leases against $3.68B; $4.20B total deposits against $4.23B.
$653.0M securities against $765.4M; $273.4M cash and balances due against $99.9M.
$61.5M total interest income against $57.7M; $21.5M total interest expense against $25.4M.
$39.9M net interest income against $32.4M.
$4.3M total noninterest income against $5.0M; $27.9M total noninterest expense against $28.5M.
$1.5M provision for credit losses against -$2.7M.
$2.4M net income against $9.3M.
0.19% return on assets against 0.77%; 3.39% net interest margin against 2.79%.
14.34% CET1 capital ratio against 10.62%; 11.73% tier 1 leverage ratio against 9.25%.
Inside the full Carter Bank & Trust terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, 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
Its closest position to the top of a national ranking is 286 of 4,196, for total assets; its furthest is 3,451 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.19% (Q2 2026) to 6.99% (Q1 2026) and its net interest margin ran from 2.58% (Q3 2024) to 3.39% (Q2 2026).
| 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
View all 66 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| 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
Facts as filed or published, not a rating.
- Deposit market share
- 1.1% of deposits in VA, rank 12 of 102 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).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is Carter Bank & Trust headquartered?
It is headquartered in Martinsville, VA, United States.
When was Carter Bank & Trust founded?
It was established in 2006, per the FDIC institution directory.
Is Carter Bank & Trust FDIC-insured?
Yes. It 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.
What is Carter Bank & Trust's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 6.88% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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