Carter Bank & Trust
Carter Bank & Trust reported total assets of $4.8 bn at Q2 2026, up 0.4% on a year earlier, the 289th largest of 497 banks in our US coverage. The CET1 capital ratio at Carter Bank & Trust was 14.34%, and the uninsured share of Carter Bank & Trust was 17.71%. Source: FDIC Call Reports.
Key takeaways
- On efficiency ratio, Carter Bank & Trust climbed from 473rd to 54th among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Carter Bank & Trust has one of the highest return on equity (ROE) readings among banks of $1 bn to $10 bn: 37.13% at , against a median of 12.68% across 339 banks (FDIC Call Reports).
- The net charge-offs to average loans of Carter Bank & Trust, -0.82% at , places Carter Bank & Trust in the bottom tenth of banks of $1 bn to $10 bn (group median 0.06%; FDIC Call Reports).
What sets Carter Bank & Trust apart
- Few banks of $1 bn to $10 bn report a higher return on assets (ROA) than Carter Bank & Trust, at 3.66% in against a group median of 1.32%.
- Carter Bank & Trust reports one of the lowest efficiency ratio readings among banks of $1 bn to $10 bn: 38.54% at , where the median of the 339 banks is 56.87%.
How large is Carter Bank & Trust?
The balance sheet of Carter Bank & Trust at : assets $4.8 bn, deposits $4.2 bn, net loans $3.7 bn (loans equal to 87.67% of deposits). Securities make up 13.6% of total assets at Carter Bank & Trust. Since , when Carter Bank & Trust held $4.9 bn, its assets shrank 2.6%. In the year to , deposits at Carter Bank & Trust fell 0.8% while its total assets rose 0.4%. At , Carter Bank & Trust employed 709 full-time equivalent staff across 66 offices, about $6.8 mn of assets per employee and $63.6 mn of deposits per office.
How much funding at Carter Bank & Trust is uninsured?
At Carter Bank & Trust, uninsured deposits (above the FDIC limit) made up 17.71% of domestic deposits at (-0.79 pp on a year earlier); Carter Bank & Trust ranks 431st of 500 on this measure. In dollars, Carter Bank & Trust estimated $743.4 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $4.2 bn | -0.8% | 277th of 499 |
| Net loans and leases | $3.7 bn | +0.1% | 272nd of 500 |
| Loan-to-deposit ratio | 87.67% | +0.75 pp | 242nd of 500 |
| Tier 1 leverage ratio | 11.73% | +2.48 pp | 108th of 500 |
| Total risk-based capital ratio | 15.60% | +3.73 pp | 135th of 448 |
| Net interest margin | 3.33% | +0.50 pp | 339th of 500 |
| Return on assets (ROA) | 3.66% | +2.86 pp | 9th of 500 |
| Efficiency ratio | 38.54% | -36.54 pp | 54th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $42.0 mn | Narrowed by $24.7 mn | |
| Noncurrent loans to total loans | 1.01% | -5.68 pp | 366th of 500 (1 = lowest) |
| Net charge-offs to average loans | -0.82% | -0.84 pp | 3rd of 500 (1 = lowest) |
US rank of Carter Bank & Trust: 1 = highest unless marked 1 = lowest.
Balance sheet
Carter Bank & Trust: assets, deposits and loans
- Total assets $4.8bn
- Deposits $4.2bn
- Net loans $3.7bn
Capital and securities
The CET1 ratio of Carter Bank & Trust stood at 14.34% in , +3.72 pp year on year. Low and high at Carter Bank & Trust since : 10.23% () to 14.34% (). Equity capital of Carter Bank & Trust at : $541.9 mn, or 11.3% of total assets. Carter Bank & Trust also reported a total capital ratio of 15.60% for , and a tier 1 leverage ratio of 11.73%.
The available-for-sale portfolio of Carter Bank & Trust showed an unrealized loss of $42.0 mn at ; the loss narrowed by $24.7 mn over the year.
Carter Bank & Trust: capital ratios
- Total capital 16%
- CET1 14%
- Tier 1 leverage 12%
Carter Bank & Trust: unrealized securities gains and losses
- Available for sale -$42mn
- Held to maturity $0
Profitability and loan quality
For the year to , Carter Bank & Trust earned a return on equity of 37.13%; return on assets: 3.66%. Net interest margin at Carter Bank & Trust: 3.33%, +0.50 pp in a year. Carter Bank & Trust net income: $88.0 mn, up 367.2% year on year. The efficiency ratio of Carter Bank & Trust was 38.54%: about 39 cents cost per revenue dollar, against 46 cents at the median peer.
At , noncurrent loans were 1.01% of total loans at Carter Bank & Trust; net charge-offs: -0.82% of average loans. Gross loans and leases at Carter Bank & Trust: $3.7 bn, down 0.3% in a year.
Carter Bank & Trust: profitability
- Return on equity 37%
- Net interest margin 3.3%
- Return on assets 3.7%
Peer group of Carter Bank & Trust
The peer group of Carter Bank & Trust is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Carter Bank & Trust (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Virginia. Against them, Carter Bank & Trust shows CET1 ratio 14.34% against a peer median of 11.27%, return on equity 37.13% against a peer median of 15.55% and uninsured deposit share 17.71% against a peer median of 36.60%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Bank of Stockton | State nonmember bank | CA | $5.0 bn | 18.81% | 32.23% | 45.23% | |
| John Deere Financial, f.s.b. | Federal savings bank | WI | $4.9 bn | not reported | 15.03% | 100.00% | |
| Dacotah Bank | State member bank | SD | $4.9 bn | 11.27% | 11.27% | 33.47% | |
| Carter Bank & Trust | State member bank | VA | $4.8 bn | 14.34% | 37.13% | 17.71% | |
| Hills Bank and Trust Company | State nonmember bank | IA | $4.8 bn | not reported | 16.08% | 23.81% | |
| Wheaton Bank & Trust | National bank | IL | $4.8 bn | 10.78% | 17.60% | 39.74% | |
| First Bank & Trust | State nonmember bank | SD | $4.8 bn | not reported | 11.72% | 31.11% | |
. FDIC Call Reports.
Last eight quarters
Two years at Carter Bank & Trust, to : assets +4.1%, deposits +2.8%, equity +41.5%. Staff 688 to 709; offices 67 to 66.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $4.6 bn | $4.7 bn | $4.7 bn | $4.8 bn | $4.8 bn | $4.8 bn | $4.8 bn | $4.8 bn |
| Total deposits | $4.1 bn | $4.2 bn | $4.2 bn | $4.2 bn | $4.2 bn | $4.2 bn | $4.2 bn | $4.2 bn |
| Bank equity capital | $383.0 mn | $377.4 mn | $394.3 mn | $394.7 mn | $404.2 mn | $397.6 mn | $482.0 mn | $541.9 mn |
| CET1 ratio | 10.75% | 10.72% | 10.85% | 10.62% | 10.46% | 10.23% | 13.02% | 14.34% |
| Return on equity (ROE) | 6.69% | 7.40% | 9.90% | 9.69% | 8.48% | 8.70% | 77.85% | 37.13% |
| Uninsured share of domestic deposits | 17.32% | 18.37% | 18.41% | 18.50% | 18.42% | 18.69% | 17.15% | 17.71% |
| Full-time equivalent employees | 688 | 683 | 674 | 682 | 691 | 688 | 693 | 709 |
| Number of offices | 67 | 67 | 67 | 67 | 67 | 67 | 66 | 66 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Carter Bank & Trust appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Carter Bank & Trust?
Carter Bank & Trust reported $4.8 bn at in its Call Report. That makes Carter Bank & Trust the 289th largest of 497 banks in our US coverage.
Is Carter Bank & Trust the same as its holding company?
No. This page covers Carter Bank & Trust, FDIC certificate 58596; Carter Bankshares, Inc., its holding company, reports separately to the Federal Reserve.
Is Carter Bank & Trust profitable?
Carter Bank & Trust reported net income of $88.0 mn for the year to ; annualized return on equity: 37.13%. So yes: Carter Bank & Trust made a profit over these months.
When is data for Carter Bank & Trust next updated?
Figures from Carter Bank & Trust for are due after .
Where can I check the figures for Carter Bank & Trust?
In the FDIC BankFind Suite record for certificate 58596, and in the Call Reports of Carter Bank & Trust (RSSD ID 3476192) at the FFIEC Central Data Repository.