Carter Bank & Trust


Carter Bank & Trust is an FDIC insured institution headquartered at 4 Commonwealth Blvd E, Martinsville, VA 24112.
It was founded in 2006 and has approximately $5 billion in assets. Customers can open an account at one of its 123 branches.

Deposit Rates - April 27, 2024

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.25% $10,000 Compare
6 Mo CD
0.25% $100,000 Compare
12 Mo CD
0.30% $10,000 Compare
12 Mo CD
0.30% $100,000 Compare
18 Mo CD
0.30% $10,000 Compare
18 Mo CD
0.30% $100,000 Compare
24 Mo CD
0.40% $10,000 Compare
24 Mo CD
0.40% $100,000 Compare
30 Mo CD
0.40% $10,000 Compare
30 Mo CD
0.40% $100,000 Compare
36 Mo CD
0.45% $10,000 Compare
36 Mo CD
0.45% $100,000 Compare
48 Mo CD
0.55% $10,000 Compare
48 Mo CD
0.55% $100,000 Compare
60 Mo CD
0.60% $10,000 Compare
60 Mo CD
0.60% $100,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.20% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.08% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58596
Date Established 2006
Assets $ 4.51 billion
Loans $ 3.41 billion
Deposits $ 3.72 billion
Capital $ 347.43 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 54.53 million
Interest-bearing balances $ 14.85 million
Total securities $ 779.00 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.41 billion
Loan loss allowance $ 97.05 million
Trading account assets $ 17.44 million
Bank premises and fixed assets N.A.
Other real estate owned $ 2.46 million
Goodwill and other intangibles N.A.
All other assets $ 147.82 million
     Total Assets $ 4.16 billion

LIABILITIES
Total deposits $ 3.72 billion
      Interest-bearing deposits $ 3.63 billion
      Deposits held in domestic offices $ 3.72 billion
      % insured (estimated) 82.65%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 17.23 million
Other borrowed funds $ 6.17 million
Subordinated debt N.A.
All other liabilities $ 12.00 millionn
      Total Liabilities $ 4.16 billion
      Shareholders’ Equity $ 347.43 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 196.42 million
Total Interest Expense $ 74.11 million
Net interest income $ 122.31 million
Provision for loan and lease losses $ 6.40 million
Total non interest income $ 19.63 million
Total non interest expense $ 102.70 million
Pre-tax Net Operating Income $ 24.73 million

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Branches

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Carter Bank & Trust Locations