Carter Bank & Trust


Overview / Commentary
276-632-2901
4 East Commonwealth Boulevard
Martinsville, VA 24112-1920

Carter Bank & Trust is headquartered in Martinsville and is the 7th largest bank in the state of Virginia. It is also the 302nd largest bank in the nation. It was established in 2006 and as of June of 2022, it had grown to 659 employees at 70 locations. Carter Bank & Trust has an A health rating.

Related Posts

View all posts from:


Carter Bank & Trust

Posted by: |

GREAT institution to work with. MANY years with them as a deposit account - and have taken out loans. Easy to work with, fees are not existent and the employees are great! Would not ever expect such personal service from a financial institution. Thank you Carter Bank & Trust.

Been a Customer for 30 Years

Posted by: |

I opened my first checking account when I was 16 years old and it was with Carter Bank and Trust. It is still open. I love that the tellers recognize me when I walk in and know me by name. They are always friendly and helpful, regardless of how busy they may be. Most locations have extended drive-thru hours for those of us that cannot get to the bank during regular business hours. While the bank does not have online banking like most other banks do, this keeps them from charging outrageous fees the way those other banks do. This keeps me a loyal, happy customer.

Carter is nothing special

While I like Carter Bank and Trust in some ways, they don't have a decent online banking platform and no mobile app. Their savings account is okay but nothing special. I use their checking account but, again, nothing special. I do like the people working in the branch I use. They are friendly. Overall, they are a small bank and nothing special and I will probably be swapping at some point to a bank with up-to-date online banking platforms.

Do Not Recommend

Posted by: |

They do not contact you, have hidden fees, and give you incorrect information when you call in. I would not recommend them with so many superior choices available.

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
FDIC Certificate #58596
Year Established2006
Employees659
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD11.74%
Annual Interest Income$69.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$4.12B$4.12B
LoansQ2 2022vs Q2 2021$2.90B$2.82B
DepositsQ2 2022vs Q2 2021$3.75B$3.66B
Equity CapitalQ2 2022vs Q2 2021$333.0MM$398.2MM
Loan Loss AllowanceQ2 2022vs Q2 2021$98.0MM$109.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$12.0MM$9.6MM
Real Estate OwnedQ2 2022vs Q2 2021$8.4MM$21.3MM
Rates

Rates for Carter Bank & Trust are currently being reviewed.

Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.