4 East Commonwealth Boulevard
Martinsville, VA 24112

FDIC


Carter Bank & Trust is headquartered in Martinsville and is the 5th largest bank in the state of Virginia. It is also the 185th largest bank in the nation. It was established in 2006 and as of December of 2012, it had grown to 899 employees at 123 locations. Carter Bank & Trust has a 4-star health rating.

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Good Deal At Carter Bank & Trust (Forum) - 12/12/2012

Obtained today a 6mo. CD rate of 1.00. I've been looking at them for awhile and while there I asked about how to get. Seems the only way is on a walk-in basis with branches in NC and VA. Website is limited in scope and asks that you call for the latest ra


Data for Q4 2012


Institution Statistics


Carter Bank & Trust
FDIC Certificate #58596
BankRate ReportView
Year Established2006
Employees899
Primary RegulatorFDIC

Assets and Liabilities

Assets$4.44 billion
Loans$1.90 billion
Deposits$4.06 billion
Equity Capital$359.36 million
Loan Loss Allowance$19.37 million
Unbacked Noncurrent Loans$16.54 million
Real Estate Owned$39.88 million

Historic Data - December 2011

Assets$3.97 billion
Equity Capital$339.52 million
Loan Loss Allowance$17.18 million
Unbacked Noncurrent Loans$16.68 million
Real Estate Owned$14.08 million

Profit Margin - Quarterly

Net Interest Margin2.54%
Return on Assets0.71%
Return on Equity8.67%
Interest Income$156.82 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Carter Bank & Trust had $56.42 million in non-current loans and owned real-estate with $378.74 million in equity and loan loss allowances on hand to cover it. This gives Carter Bank & Trust a Texas Ratio of 14.90% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Carter Bank & Trust increased slightly from 8.62% as of December 31, 2011 to 14.90% as of December 31, 2012, resulting in a negative change of 72.76%. This indicates that the balance sheet and financial strength for Carter Bank & Trust has declined slightly in recent periods.
Deposit Growth5
In the past year, Carter Bank & Trust has increased its total deposits by $451.01 million, resulting in 12.49% 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 excellent.
Capitalization3
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 $4.44 billion in assets with $378.74 million in equity, resulting in a capitalization level of 8.53%, which is average.
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