Carter Bank & Trust Mortgage Rates, Fees & Info
Martinsville, VALEI: 549300SO0M022D8D8358
Tax ID: 20-5539935
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Mortgage Data
Bank Data
Review & Overview
Carter Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Carter Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Myrtle Beach, Spartanburg, Sanford, Roanoke, and Charlotte among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)Carter Bank & Trust has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.25% | 4/19/24 |
| 30 Year Conventional Purchase | 6.98% | 4/19/24 |
| 30 Year Conventional Refi | 7.00% | 4/19/24 |
| 15 Year Conventional Purchase | 6.90% | 4/19/24 |
| 15 Year Conventional Refi | 6.37% | 4/19/24 |
| 15 Year Cash-out Refi | 6.37% | 4/19/24 |
| 15 Year VA Refi | 5.68% | 4/19/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Carter Bank & Trust Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Carter Bank & Trust. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
269Origination Dollar Volume (All Markets)
$128,905,000Employee count
977Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $22,500,000 | $11,250,000 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $20,545,000 | $20,545,000 | $0 | 0.00% |
| Sanford, NC (FHA|USDA|VA) | 1 | $12,195,000 | $12,195,000 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 26 | $9,810,000 | $377,308 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 15 | $9,275,000 | $618,333 | $0 | 0.00% |
| Danville, VA (FHA|USDA|VA) | 33 | $6,785,000 | $205,606 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 6 | $6,400,000 | $1,066,667 | $0 | 0.00% |
| Outside of Metro Areas | 53 | $5,665,000 | $106,887 | $0 | 0.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 18 | $4,820,000 | $267,778 | $0 | 0.00% |
| Kendallville, IN (FHA|USDA|VA) | 2 | $4,800,000 | $2,400,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 16 | $3,480,000 | $217,500 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 2 | $3,420,000 | $1,710,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 14 | $2,700,000 | $192,857 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 2 | $2,400,000 | $1,200,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 13 | $1,995,000 | $153,462 | $0 | 0.00% |
| Martinsville, VA (FHA|USDA|VA) | 16 | $1,790,000 | $111,875 | $0 | 0.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 3 | $1,445,000 | $481,667 | $0 | 0.00% |
| Auburn, IN (FHA|USDA|VA) | 1 | $1,235,000 | $1,235,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $0 | 0.00% |
| Shelby, NC (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| North Wilkesboro, NC (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Forest City, NC (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $0 | 0.00% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 269 | $128,905,000 | $479,201 | $0 | 0.00% |
For 2019, Carter Bank & Trust's most frequently originated type of loan was Conventional, with 269 originations.
Loan Reason
For 2019, Carter Bank & Trust's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 91 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 269 | $128,905,000 | $479,201 | $0 | 0.00% |
For 2019, Carter Bank & Trust's most frequently cited loan duration was Other, with 269 originations.
Loan Sizing
2019 saw Carter Bank & Trust place emphasis on $100,000 or less loans with 126 originations, totaling $5,870,000 in origination value.
Applicant Income
Carter Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 70 originations. The second most popular income band? $50k-75k, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 269 | $128,905,000 | $479,201 | $0 | 0.00% |
Carter Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 269 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.49%
Carter Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination77.32%
Carter Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 269 | $128,905,000 | $479,201 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Carter Bank & Trust | 1001 South Horner Blvd. Sanford, NC 27330 | Full Service B&M | $12,544 |
| Carter Bank & Trust | 1002 Virginia Avenue Clarksville, VA 23927 | Full Service B&M | $30,471 |
| Carter Bank & Trust | 101 East Raleigh Street Siler City, NC 27344 | Full Service B&M | $10,711 |
| Carter Bank & Trust | 10407 Courthouse Road Spotsylvania, VA 22553 | Full Service B&M | $28,553 |
| Carter Bank & Trust | 105 King Street Blacksburg, VA 24060 | Full Service B&M | $40,576 |
| Carter Bank & Trust | 106 South Broad Street Burlington, NC 27217 | Full Service B&M | $3,400 |
| Carter Bank & Trust | 107 South Henry Street Stoneville, NC 27048 | Full Service B&M | $16,663 |
| Carter Bank & Trust | 1082 Cedar Valley Drive Cedar Bluff, VA 24609 | Full Service B&M | $22,454 |
| Carter Bank & Trust | 110 South Market Street Danville, VA 24541 | Full Service B&M | $30,724 |
| Carter Bank & Trust | 11020 Virginia Avenue Bassett, VA 24055 | Full Service B&M | $11,731 |
| Carter Bank & Trust | 1111 E Washington Ave Vinton, VA 24179 | Full Service B&M | $47,709 |
| Carter Bank & Trust | 1113 5th St Sw Charlottesville, VA 22902 | Full Service B&M | $7,891 |
| Carter Bank & Trust | 116 East Midland Trail Lexington, VA 24450 | Full Service B&M | $69,530 |
| Carter Bank & Trust | 1204 Bragg Road Fredericksburg, VA 22407 | Full Service B&M | $26,886 |
| Carter Bank & Trust | 123 Rowan Street Fayetteville, NC 28301 | Full Service B&M | $4,090 |
| Carter Bank & Trust | 125 East Blue Ridge Street Stuart, VA 24171 | Full Service B&M | $77,545 |
| Carter Bank & Trust | 12791 Harbor Drive Lake Ridge, VA 22192 | Full Service B&M | $12,407 |
| Carter Bank & Trust | 128 Paul Street Collinsville, VA 24078 | Full Service B&M | $56,383 |
| Carter Bank & Trust | 135 Scruggs Road Moneta, VA 24121 | Full Service B&M | $40,463 |
| Carter Bank & Trust | 140 Kentuck Road Danville, VA 24540 | Full Service B&M | $31,053 |
| Carter Bank & Trust | 140 South Main Street Chatham, VA 24531 | Full Service B&M | $57,666 |
| Carter Bank & Trust | 140 Tensbury Drive Martinsville, VA 24112 | Full Service B&M | $47,209 |
| Carter Bank & Trust | 1400 Electric Road Salem, VA 24153 | Full Service B&M | $22,940 |
| Carter Bank & Trust | 141 Westover Drive Danville, VA 24541 | Full Service B&M | $132,675 |
| Carter Bank & Trust | 1425 North Fayetteville Street Asheboro, NC 27203 | Full Service B&M | $13,270 |
| Carter Bank & Trust | 1534 North Church Street Burlington, NC 27217 | Full Service B&M | $6,347 |
| Carter Bank & Trust | 1606 Curtis Bridge Road Wilkesboro, NC 28697 | Full Service B&M | $8,146 |
| Carter Bank & Trust | 1621 Forest Road Bedford, VA 24523 | Full Service B&M | $16,630 |
| Carter Bank & Trust | 166 Horsepasture Price Road Ridgeway, VA 24148 | Full Service B&M | $28,783 |
| Carter Bank & Trust | 1722 Hershberger Road Roanoke, VA 24012 | Full Service B&M | $30,222 |
| Carter Bank & Trust | 1728 Graves Mill Road Lynchburg, VA 24502 | Full Service B&M | $24,649 |
| Carter Bank & Trust | 175 Warrenton Road Falmouth, VA 22405 | Full Service B&M | $35,411 |
| Carter Bank & Trust | 18 Midway Street Bristol, VA 24201 | Full Service B&M | $18,776 |
| Carter Bank & Trust | 181 Main Street New Castle, VA 24127 | Full Service B&M | $23,458 |
| Carter Bank & Trust | 1900 East Main Street Radford, VA 24141 | Full Service B&M | $48,851 |
| Carter Bank & Trust | 200 College Street, N.W. Christiansburg, VA 24073 | Full Service B&M | $49,803 |
| Carter Bank & Trust | 200 Forest Hills Road Wilson, NC 27896 | Full Service B&M | $14,158 |
| Carter Bank & Trust | 2009 E Dixon Boulevard Shelby, NC 28152 | Full Service B&M | $1,792 |
| Carter Bank & Trust | 2018 Tate Springs Road Lynchburg, VA 24501 | Full Service B&M | $34,140 |
| Carter Bank & Trust | 205 South Bickett Boulevard Louisburg, NC 27549 | Full Service B&M | $10,101 |
| Carter Bank & Trust | 2100 West Arlington Boulevard Greenville, NC 27834 | Full Service B&M | $3,595 |
| Carter Bank & Trust | 213 North Locust Street Floyd, VA 24091 | Full Service B&M | $66,880 |
| Carter Bank & Trust | 2169 South Main Street Harrisonburg, VA 22801 | Full Service B&M | $15,851 |
| Carter Bank & Trust | 2191 Fincastle Turnpike Tazewell, VA 24651 | Full Service B&M | $30,000 |
| Carter Bank & Trust | 220 Main Street Hillsville, VA 24343 | Full Service B&M | $126,924 |
| Carter Bank & Trust | 221 Ambriar Plaza Amherst, VA 24521 | Full Service B&M | $8,792 |
| Carter Bank & Trust | 222 Main Street South Boston, VA 24592 | Full Service B&M | $70,751 |
| Carter Bank & Trust | 231 East Plaza Drive Mooresville, NC 28115 | Full Service B&M | $18,032 |
| Carter Bank & Trust | 238 West Main Street Abingdon, VA 24210 | Full Service B&M | $44,606 |
| Carter Bank & Trust | 2657 Peters Creek Road, N.W. Roanoke, VA 24017 | Full Service B&M | $20,829 |
| Carter Bank & Trust | 2701 West Main Street Waynesboro, VA 22980 | Full Service B&M | $19,954 |
| Carter Bank & Trust | 2770 Riverside Drive Bassett, VA 24055 | Full Service B&M | $84,025 |
| Carter Bank & Trust | 300 Dabney Drive Ext. Henderson, NC 27536 | Full Service B&M | $14,995 |
| Carter Bank & Trust | 301 Carbon City Road Morganton, NC 28655 | Full Service B&M | $16,134 |
| Carter Bank & Trust | 302 East Atlantic Street South Hill, VA 23970 | Full Service B&M | $20,341 |
| Carter Bank & Trust | 305 South Main Street Reidsville, NC 27320 | Full Service B&M | $35,561 |
| Carter Bank & Trust | 3052 Fourth Avenue Saint Paul, VA 24283 | Full Service B&M | $15,879 |
| Carter Bank & Trust | 3060 North Main Street Danville, VA 24540 | Full Service B&M | $52,458 |
| Carter Bank & Trust | 307 South Main Street Gretna, VA 24557 | Full Service B&M | $81,196 |
| Carter Bank & Trust | 3132 Electric Road, S.W. Roanoke, VA 24018 | Full Service B&M | $40,321 |
| Carter Bank & Trust | 317 North Main Street Bridgewater, VA 22812 | Full Service B&M | $22,186 |
| Carter Bank & Trust | 3203 Waterlick Road Lynchburg, VA 24502 | Full Service B&M | $94,823 |
| Carter Bank & Trust | 325 East Spring Street Wytheville, VA 24382 | Full Service B&M | $50,957 |
| Carter Bank & Trust | 341 East Main Street Lincolnton, NC 28092 | Full Service B&M | $9,447 |
| Carter Bank & Trust | 345 North Bridge Street Jonesville, NC 28642 | Full Service B&M | $17,868 |
| Carter Bank & Trust | 3515 Campbell Avenue Lynchburg, VA 24501 | Full Service B&M | $29,806 |
| Carter Bank & Trust | 370 Arbor Drive Christiansburg, VA 24073 | Full Service B&M | $27,944 |
| Carter Bank & Trust | 4 East Commonwealth Boulevard Martinsville, VA 24112 | Full Service B&M | $172,714 |
| Carter Bank & Trust | 400 Franklin Street Rocky Mount, VA 24151 | Full Service B&M | $156,590 |
| Carter Bank & Trust | 4004 West Wendover Avenue Greensboro, NC 27407 | Full Service B&M | $27,052 |
| Carter Bank & Trust | 4013 Halifax Road South Boston, VA 24592 | Full Service B&M | $75,299 |
| Carter Bank & Trust | 4143 Franklin Rd Sw Roanoke, VA 24018 | Full Service B&M | $17,131 |
| Carter Bank & Trust | 4259 Appalachian Drive Fieldale, VA 24089 | Full Service B&M | $10,519 |
| Carter Bank & Trust | 449 E. Main Street Independence, VA 24348 | Full Service B&M | $35,694 |
| Carter Bank & Trust | 4498 South Amherst Highway Madison Heights, VA 24572 | Full Service B&M | $18,560 |
| Carter Bank & Trust | 478 Frontier Drive Staunton, VA 24401 | Full Service B&M | $23,169 |
| Carter Bank & Trust | 4806 Hollins Rd Nw Roanoke, VA 24019 | Full Service B&M | $14,173 |
| Carter Bank & Trust | 50 Boones Mill Road Boones Mill, VA 24065 | Full Service B&M | $46,149 |
| Carter Bank & Trust | 507 Willow Street Mount Airy, NC 27030 | Full Service B&M | $34,042 |
| Carter Bank & Trust | 5406 U.S. Highway 29 North Blairs, VA 24527 | Full Service B&M | $16,018 |
| Carter Bank & Trust | 543 East Stuart Drive Galax, VA 24333 | Full Service B&M | $135,268 |
| Carter Bank & Trust | 55 Worth Avenue Stafford, VA 22554 | Full Service B&M | $57,508 |
| Carter Bank & Trust | 550 Blue Ridge Avenue Bedford, VA 24523 | Full Service B&M | $58,010 |
| Carter Bank & Trust | 5715 W. Gate City Blvd Greensboro, NC 27407 | Full Service B&M | $19,343 |
| Carter Bank & Trust | 604 N. Chestnut Street Lumberton, NC 28358 | Full Service B&M | $6,066 |
| Carter Bank & Trust | 6142 A L Philpott Highway Martinsville, VA 24112 | Full Service B&M | $20,371 |
| Carter Bank & Trust | 616 9th Street, Se Roanoke, VA 24013 | Full Service B&M | $11,111 |
| Carter Bank & Trust | 630 Fagg Drive Eden, NC 27288 | Full Service B&M | $33,870 |
| Carter Bank & Trust | 697 Country Club Drive Fayetteville, NC 28301 | Full Service B&M | $6,372 |
| Carter Bank & Trust | 70 Chatham Heights Road Fredericksburg, VA 22405 | Full Service B&M | $23,701 |
| Carter Bank & Trust | 704 Oak Street Forest City, NC 28043 | Full Service B&M | $11,885 |
| Carter Bank & Trust | 721 Blue Ridge Boulevard Roanoke, VA 24012 | Full Service B&M | $25,322 |
| Carter Bank & Trust | 749 East 2nd Street Chase City, VA 23924 | Full Service B&M | $36,627 |
| Carter Bank & Trust | 75 North Mason Street Harrisonburg, VA 22802 | Full Service B&M | $24,536 |
| Carter Bank & Trust | 800 Gardens Boulevard Charlottesville, VA 22901 | Full Service B&M | $16,058 |
| Carter Bank & Trust | 806 Nottingham Street Culpeper, VA 22701 | Full Service B&M | $10,161 |
| Carter Bank & Trust | 82 E Main St Lebanon, VA 24266 | Full Service B&M | $26,799 |
| Carter Bank & Trust | 821 4th Street Drive Sw Hickory, NC 28602 | Full Service B&M | $20,169 |
| Carter Bank & Trust | 823 North Main Street Roxboro, NC 27573 | Full Service B&M | $23,291 |
| Carter Bank & Trust | 8334 Moneta Road Bedford, VA 24523 | Full Service B&M | $16,811 |
| Carter Bank & Trust | 8402 Sudley Road Manassas, VA 20109 | Full Service B&M | $24,086 |
| Carter Bank & Trust | 903 South Main Street Danville, VA 24541 | Full Service B&M | $18,300 |
| Carter Bank & Trust | 9440 Franklin Street Ferrum, VA 24088 | Full Service B&M | $25,614 |
| Carter Bank & Trust | 998 Memorial Drive Pulaski, VA 24301 | Full Service B&M | $32,125 |
For 2019, Carter Bank & Trust had 104 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $159,120 |
| Net interest income | $112,347 |
| Total noninterest income | $9,745 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $3,919 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,826 |
| Pre-tax net operating income | $25,579 |
| Securities gains (or losses, -) | $2,205 |
| Income before extraordinary items | $26,575 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $26,575 |
| Minority interest net income | $0 |
| Net income | $26,575 |
| Sale, conversion, retirement of capital stock, net | $381 |
| Net operating income | $24,458 |
Carter Bank & Trust's gross interest income from loans was $159,120,000.
Carter Bank & Trust's net interest income from loans was $112,347,000.
Carter Bank & Trust's fee based income from loans was $3,919,000.
Carter Bank & Trust's net income from loans was $26,575,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $46,773 |
| Provision for credit losses | $3,404 |
| Total noninterest expense | $93,109 |
| Salaries and employee benefits | $52,879 |
| Premises and equipment expense | $11,785 |
| Additional noninterest expense | $28,445 |
| Applicable income taxes | $1,209 |
| Net charge-offs | $3,841 |
| Cash dividends | $0 |
Carter Bank & Trust's interest expense for loans was $46,773,000.
Carter Bank & Trust's payroll and benefits expense were $52,879,000.
Carter Bank & Trust's property, plant and equipment expenses $11,785,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 2.0% |
| Nonfarm, nonresidential loans | 2.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 4.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $3,504,245 |
| Deposits held in domestic offices | $3,504,245 |
| Deposits by Individuals, partnerships, and corporations | $3,360,370 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $141,987 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,888 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $841,436 |
| Demand deposits | $554,875 |
| Nontransaction accounts | $2,662,809 |
| Money market deposit accounts (MMDAs) | $140,589 |
| Other savings deposits (excluding MMDAs) | $561,814 |
| Total time deposits | $1,960,406 |
| Total time and savings deposits | $2,949,370 |
| Noninterest-bearing deposits | $554,875 |
| Interest-bearing deposits | $2,949,370 |
| Retail deposits | $3,318,699 |
| IRAs and Keogh plan accounts | $397,416 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $4,006,108 |
| Cash & Balances due from depository institutions | $125,812 |
| Interest-bearing balances | $84,426 |
| Total securities | $742,617 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $2,865,718 |
| Loan and leases loss allowance | $38,762 |
| Trading account assets | $625 |
| Bank premises and fixed assets | $87,163 |
| Other real estate owned | $18,324 |
| Goodwill and other intangibles | $62,192 |
| All other assets | $103,657 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $4,006,108 |
| Total Liabilities | $3,532,997 |
| Total deposits | $3,504,245 |
| Interest-bearing deposits | $2,949,370 |
| Deposits held in domestic offices | $3,504,245 |
| % insured (estimated) | $89 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $674 |
| Other borrowed funds | $11,499 |
| Subordinated debt | $0 |
| All other liabilities | $16,579 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,865,718 |
| Loan and leases loss allowance | $38,762 |
| Total loans and leases (domestic) | $2,904,480 |
| All real estate loans | $2,209,125 |
| Real estate loans in domestic offices | $2,209,125 |
| Construction and development loans | $309,563 |
| Residential 1-4 family construction | $16,736 |
| Other construction, all land development and other land | $292,827 |
| Loans secured by nonfarm nonresidential properties | $1,140,658 |
| Nonfarm nonresidential secured by owner-occupied properties | $79,888 |
| Commercial real estate & other non-farm, non-residential | $1,060,770 |
| Multifamily residential real estate | $215,673 |
| 1-4 family residential loans | $534,252 |
| Farmland loans | $8,979 |
| Loans held in foreign offices | $0 |
| Farm loans | $505 |
| Commercial and industrial loans | $256,293 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $73,658 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $4,882 |
| Other loans to individuals | $68,776 |
| All other loans & leases | $364,899 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $30 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $8,365 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $553 |
| Non 1-4 family restructured loans & leases | $553 |
| Total loans and leases (foreign) | $0 |
Carter Bank & Trust had $2,865,718,000 of loans outstanding in 2019. $2,209,125,000 of loans were in real estate loans. $309,563,000 of loans were in development loans. $215,673,000 of loans were in multifamily mortgage loans. $534,252,000 of loans were in 1-4 family mortgage loans. $505,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,882,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 418 | $88,067 | $210,687 |
| Nonfarm, nonresidential loans - <$100k | 102 | $3,389 | $33,225 |
| Nonfarm, nonresidential loans - $100-250k | 124 | $13,396 | $108,032 |
| Nonfarm, nonresidential loans - $250k-1MM | 192 | $71,282 | $371,260 |
| Commercial & Industrial, US addressed loans - <$1MM | 866 | $59,939 | $69,214 |
| Commercial & Industrial, US addressed loans - <$100k | 570 | $12,631 | $22,160 |
| Commercial & Industrial, US addressed loans - $100-250k | 187 | $19,407 | $103,781 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 109 | $27,901 | $255,972 |
| Farmland loans - <$1MM | 19 | $462 | $24,316 |
| Farmland loans - <$100k | 17 | $238 | $14,000 |
| Farmland loans - $100-250k | 2 | $224 | $112,000 |
| Agriculture operations loans - <$1MM | 24 | $505 | $21,042 |
| Agriculture operations loans - <$100k | 24 | $505 | $21,042 |