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4 East Commonwealth Boulevard
Martinsville, VA 24112

Carter Bank & Trust is headquartered in Martinsville and is the 7th largest bank in the state of Virginia. It is also the 191st largest bank in the nation. It was established in 2006 and as of March of 2014, it had grown to 926 employees at 123 locations. Carter Bank & Trust has a C+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Carter Bank & Trust had $65.46 million in non-current loans and owned real-estate with $401.96 million in equity and loan loss allowances on hand to cover it. This gives Carter Bank & Trust a Texas Ratio of 16.29% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Carter Bank & Trust experienced no significant changes from 14.55% as of March 31, 2013 to 16.29% as of March 31, 2014, resulting in a negative change of 11.92%. This indicates that the balance sheet and financial strength for Carter Bank & Trust has had no significant changes in recent periods.

Deposit Growth


In the past year, Carter Bank & Trust has decreased its total deposits by -$13.17 million, resulting in -0.31% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Carter Bank & Trust has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Carter Bank & Trust has $4.63 billion in assets with $401.96 million in equity, resulting in a capitalization level of 8.69%, which is average.

Institution Statistics

FDIC Certificate #58596
Year Established2006
Primary RegulatorFDIC
Assets and Liabilities
Assets$4.63 billion
Loans$2.11 billion
Deposits$4.23 billion
Equity Capital$379.85 million
Loan Loss Allowance$22.12 million
Unbacked Noncurrent Loans$20.09 million
Real Estate Owned$45.37 million
Historic Data - March 2013
Assets$4.62 billion
Equity Capital$363.81 million
Loan Loss Allowance$19.90 million
Unbacked Noncurrent Loans$20.09 million
Real Estate Owned$42.84 million
Profit Margin - Quarterly
Net Interest Margin2.27%
Return on Assets0.65%
Return on Equity7.99%
Interest Income$36.27 million

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Carter Bank & Trust has 123 locations. Click to view all Carter Bank & Trust locations.