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 306th largest bank in the nation. It was established in 2006 and as of March of 2022, it had grown to 696 employees at 69 locations. Carter Bank & Trust has an A health rating.

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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.

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Health

Health Grade Components

Overall
FDIC Certificate #58596
Year Established2006
Employees696
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD10.44%
Annual Interest Income$32.7MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$4.12B$4.14B
LoansQ1 2022vs Q1 2021$2.80B$2.90B
DepositsQ1 2022vs Q1 2021$3.73B$3.69B
Equity CapitalQ1 2022vs Q1 2021$354.6MM$387.6MM
Loan Loss AllowanceQ1 2022vs Q1 2021$96.4MM$116.9MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$7.3MM$32.0MM
Real Estate OwnedQ1 2022vs Q1 2021$11.3MM$14.0MM
Rates

Rates for Carter Bank & Trust are currently being reviewed.

Locations

Availability



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