Carter Bank & Trust Mortgage Rates, Fees & Info

Martinsville, VA

LEI: 549300SO0M022D8D8358

Tax ID: 20-5539935

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Carter Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Carter Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Charlottesville, Lynchburg, Raleigh, and Wilson among others. We have data for 31 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. Carter Bank & Trust is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.25% 11/22/24
    30 Year Conventional Purchase 6.98% 11/22/24
    30 Year Conventional Refi 7.00% 11/22/24
    15 Year Conventional Purchase 6.90% 11/22/24
    15 Year Conventional Refi 6.37% 11/22/24
    15 Year Cash-out Refi 6.37% 11/22/24
    15 Year VA Refi 5.68% 11/22/24
    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

    343

    Origination Dollar Volume (All Markets)

    $210,915,000

    Employee count

    824

    Top 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
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 23 $82,035,000 $3,566,739 $4,264 3.70%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 12 $24,380,000 $2,031,667 $3,428 3.63%
    LYNCHBURG, VA (FHA|USDA|VA) 28 $16,660,000 $595,000 $1,636 3.86%
    RALEIGH-CARY, NC (FHA|USDA|VA) 8 $14,390,000 $1,798,750 $0 3.69%
    Wilson, NC (FHA|USDA|VA) 3 $14,085,000 $4,695,000 $0 4.57%
    STAUNTON, VA (FHA|USDA|VA) 1 $9,805,000 $9,805,000 $0 3.00%
    Outside of Metro Areas 72 $6,170,000 $85,694 $2,037 3.93%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $4,955,000 $1,651,667 $0 4.50%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $4,770,000 $2,385,000 $0 3.66%
    ROANOKE, VA (FHA|USDA|VA) 39 $4,425,000 $113,462 $2,925 3.67%
    Bluefield, WV-VA (FHA|USDA|VA) 4 $4,150,000 $1,037,500 $1,720 5.09%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 15 $3,885,000 $259,000 $4,040 3.59%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 18 $3,040,000 $168,889 $2,070 4.90%
    Danville, VA (FHA|USDA|VA) 36 $2,800,000 $77,778 $1,772 4.27%
    Mount Airy, NC (FHA|USDA|VA) 5 $2,425,000 $485,000 $1,199 4.37%
    GREENVILLE, NC (FHA|USDA|VA) 4 $1,970,000 $492,500 $0 4.91%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $1,725,000 $575,000 $4,988 3.92%
    RICHMOND, VA (FHA|USDA|VA) 6 $1,420,000 $236,667 $3,636 4.03%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 12 $1,410,000 $117,500 $5,058 3.83%
    Martinsville, VA (FHA|USDA|VA) 27 $1,405,000 $52,037 $2,772 3.99%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $1,245,000 $1,245,000 $5,265 2.75%
    Brevard, NC (FHA|USDA|VA) 1 $715,000 $715,000 $0 3.25%
    Boone, NC (FHA|USDA|VA) 1 $605,000 $605,000 $3,696 3.00%
    FAYETTEVILLE, NC (FHA|USDA|VA) 5 $565,000 $113,000 $0 4.30%
    North Wilkesboro, NC (FHA|USDA|VA) 4 $440,000 $110,000 $5,472 6.03%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $435,000 $435,000 $4,325 3.50%
    Shelby, NC (FHA|USDA|VA) 2 $390,000 $195,000 $3,274 4.00%
    Forest City, NC (FHA|USDA|VA) 2 $200,000 $100,000 $1,199 3.74%
    Lumberton, NC (FHA|USDA|VA) 2 $180,000 $90,000 $2,798 3.44%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $150,000 $75,000 $2,720 3.63%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.25%
    Carter Bank & Trust's top markets include Charlotte, Charlottesville, Lynchburg, Raleigh, and Wilson among others.

    Their top states include:
  • North Carolina (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 183 $21,705,000 $118,607 n/a 3.61%
    Conventional 160 $189,210,000 $1,182,563 $2,677 4.42%

    For 2020, Carter Bank & Trust's most frequently originated type of loan was HELOC, with 183 originations. Their 2nd most popular type was Conventional, with 160 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 104 $56,380,000 $542,115 $2,801 3.91%
    Other 92 $7,980,000 $86,739 $2,188 3.78%
    Home Purchase 85 $136,775,000 $1,609,118 $2,833 4.32%
    Home Improvement 62 $9,780,000 $157,742 $2,225 3.97%

    For 2020, Carter Bank & Trust's most frequently cited loan purpose was Refi, with 104 originations. The 2nd most popular reason was Other, with 92 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 185 $16,405,000 $88,676 $0 3.65%
    10 Year 46 $133,480,000 $2,901,739 $2,865 4.67%
    15 Year 45 $4,925,000 $109,444 $1,974 4.76%
    30 Year 30 $9,270,000 $309,000 $3,335 3.66%
    Other 18 $12,600,000 $700,000 $3,634 4.06%
    5 Year 9 $28,285,000 $3,142,778 $2,809 4.04%
    1 Year 5 $1,435,000 $287,000 $3,261 4.13%
    30+ year 3 $535,000 $178,333 $3,060 4.50%
    3 Year 2 $3,980,000 $1,990,000 $0 4.75%

    For 2020, Carter Bank & Trust's most frequently cited loan duration was 20 Year, with 185 originations. The 2nd most popular length was 10 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 51 $5,775,000 $113,235
    $1k-2k 24 $7,060,000 $294,167

    Carter Bank & Trust's average total fees were $3,335, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 51 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 187 $68,735,000 $367,567
    4-5% 108 $93,230,000 $863,241
    5-6% 21 $2,855,000 $135,952
    2.5-3% 12 $39,360,000 $3,280,000
    6-7% 6 $220,000 $36,667
    <2.5% 4 $6,180,000 $1,545,000
    7-8% 4 $270,000 $67,500
    Over 8% 1 $65,000 $65,000

    During 2020, Carter Bank & Trust's average interest rate for loans was 3.66%, while their most frequently originated rate bucket for loans was 3-4%, with 187 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 188 $9,480,000 $50,426 $2,154 4.12%
    $100k-200k 67 $8,645,000 $129,030 $2,761 3.93%
    $200k-400k 39 $10,005,000 $256,538 $3,757 3.67%
    $1MM+ 23 $168,775,000 $7,338,043 $2,632 3.75%
    $400k-600k 18 $8,430,000 $468,333 $4,284 3.81%
    $600k-1MM 8 $5,580,000 $697,500 $4,342 3.96%

    2020 saw Carter Bank & Trust place emphasis on $100,000 or less loans with 188 originations, totaling $9,480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 85 $5,045,000 $59,353 $2,175 4.12%
    $50k-75k 66 $5,830,000 $88,333 $2,787 3.84%
    $100k-150k 37 $5,215,000 $140,946 $2,903 3.79%
    $75k-100k 31 $2,325,000 $75,000 $2,053 3.90%
    $250k+ 21 $7,585,000 $361,190 $3,651 3.86%
    $150k-250k 16 $3,050,000 $190,625 $3,907 3.39%

    Carter Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 85 originations. The second most popular income band? $50k-75k, with 66 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 80 $6,820,000 $85,250 $2,063 3.65%
    20-30% 66 $7,840,000 $118,788 $2,423 3.75%
    30-36% 40 $6,020,000 $150,500 $2,710 3.98%
    42% 12 $1,350,000 $112,500 $2,480 4.23%
    41% 12 $1,380,000 $115,000 $3,350 4.44%
    36% 11 $1,455,000 $132,273 $2,592 3.89%
    40% 10 $740,000 $74,000 $2,351 3.96%
    39% 10 $970,000 $97,000 $3,286 3.60%
    38% 7 $465,000 $66,429 $2,234 3.93%
    37% 3 $225,000 $75,000 $2,798 3.46%
    44% 2 $890,000 $445,000 $4,433 3.31%
    50-60% 2 $390,000 $195,000 $4,153 4.13%
    43% 1 $65,000 $65,000 $3,577 3.13%
    48% 1 $245,000 $245,000 $4,410 3.50%

    Carter Bank & Trust lent most frequently to those with DTI ratios of <20%, with 80 originations. The next most common DTI ratio? 20-30%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 73 $180,925,000 $2,478,425 $0 4.36%
    White 249 $27,875,000 $111,948 $2,696 3.85%
    Black 18 $1,180,000 $65,556 $1,974 4.42%
    Asian 3 $935,000 $311,667 $4,143 3.75%

    Approval Rates

    Total approvals of all applications
    85.33%

    Carter Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.76%

    Carter Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 343 $210,915,000 $614,913

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $5,300,000 $1,325,000
    Multifamily:Site-Built 28 $164,660,000 $5,880,714
    Single Family (1-4 Units):Manufactured 5 $305,000 $61,000
    Single Family (1-4 Units):Site-Built 306 $40,650,000 $132,843

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 78 $6,420,000 $82,308 $2,219 3.82%
    40-60% 65 $63,425,000 $975,769 $2,400 3.75%
    60-80% 127 $129,135,000 $1,016,811 $2,990 4.16%
    80-100% 38 $10,360,000 $272,632 $2,694 4.51%
    Under 20% 35 $1,575,000 $45,000 $0 3.61%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Carter Bank & Trust 220 Main Street Hillsville, VA 24343 Full Service B&M $139,845
    Carter Bank & Trust 1082 Cedar Valley Drive Cedar Bluff, VA 24609 Full Service B&M $19,789
    Carter Bank & Trust 11020 Virginia Ave Bassett, VA 24055 Full Service B&M $11,369
    Carter Bank & Trust 1111 E Washington Ave Vinton, VA 24179 Full Service B&M $44,124
    Carter Bank & Trust 1606 Curtis Bridge Road Wilkesboro, NC 28697 Full Service B&M $21,332
    Carter Bank & Trust 1621 Forest Road Bedford, VA 24523 Full Service B&M $15,795
    Carter Bank & Trust 1722 Hershberger Road Roanoke, VA 24012 Full Service B&M $29,672
    Carter Bank & Trust 1728 Graves Mill Road Lynchburg, VA 24502 Full Service B&M $22,001
    Carter Bank & Trust 325 East Spring Street Wytheville, VA 24382 Full Service B&M $46,946
    Carter Bank & Trust 749 East 2nd Street Chase City, VA 23924 Full Service B&M $37,965
    Carter Bank & Trust 166 Horsepasture Price Road Ridgeway, VA 24148 Full Service B&M $27,057
    Carter Bank & Trust 1001 South Horner Blvd. Sanford, NC 27330 Full Service B&M $12,676
    Carter Bank & Trust 1002 Virginia Avenue Clarksville, VA 23927 Full Service B&M $32,442
    Carter Bank & Trust 101 East Raleigh Street Siler City, NC 27344 Full Service B&M $11,785
    Carter Bank & Trust 10407 Courthouse Road Spotsylvania, VA 22553 Full Service B&M $28,765
    Carter Bank & Trust 105 King Street Blacksburg, VA 24060 Full Service B&M $39,972
    Carter Bank & Trust 106 South Broad Street Burlington, NC 27217 Full Service B&M $3,346
    Carter Bank & Trust 107 South Henry Street Stoneville, NC 27048 Full Service B&M $17,449
    Carter Bank & Trust 1113 5th St Sw Charlottesville, VA 22902 Full Service B&M $7,335
    Carter Bank & Trust 116 East Midland Trail Lexington, VA 24450 Full Service B&M $69,709
    Carter Bank & Trust 1204 Bragg Road Fredericksburg, VA 22407 Full Service B&M $26,827
    Carter Bank & Trust 125 East Blue Ridge Street Stuart, VA 24171 Full Service B&M $80,010
    Carter Bank & Trust 12791 Harbor Drive Lake Ridge, VA 22192 Full Service B&M $12,299
    Carter Bank & Trust 128 Paul Street Collinsville, VA 24078 Full Service B&M $58,109
    Carter Bank & Trust 135 Scruggs Road Moneta, VA 24121 Full Service B&M $43,966
    Carter Bank & Trust 140 Kentuck Road Danville, VA 24540 Full Service B&M $32,447
    Carter Bank & Trust 140 South Main Street Chatham, VA 24531 Full Service B&M $54,544
    Carter Bank & Trust 140 Tensbury Drive Martinsville, VA 24112 Full Service B&M $48,592
    Carter Bank & Trust 1400 Electric Road Salem, VA 24153 Full Service B&M $22,143
    Carter Bank & Trust 141 Westover Drive Danville, VA 24541 Full Service B&M $128,542
    Carter Bank & Trust 1425 North Fayetteville Street Asheboro, NC 27203 Full Service B&M $12,168
    Carter Bank & Trust 1534 North Church Street Burlington, NC 27217 Full Service B&M $6,786
    Carter Bank & Trust 175 Warrenton Road Falmouth, VA 22405 Full Service B&M $38,173
    Carter Bank & Trust 18 Midway Street Bristol, VA 24201 Full Service B&M $15,272
    Carter Bank & Trust 181 Main Street New Castle, VA 24127 Full Service B&M $24,168
    Carter Bank & Trust 1900 East Main Street Radford, VA 24141 Full Service B&M $48,180
    Carter Bank & Trust 200 College Street, N.W. Christiansburg, VA 24073 Full Service B&M $50,081
    Carter Bank & Trust 200 Forest Hills Road Wilson, NC 27896 Full Service B&M $11,772
    Carter Bank & Trust 2018 Tate Springs Road Lynchburg, VA 24501 Full Service B&M $26,817
    Carter Bank & Trust 205 South Bickett Boulevard Louisburg, NC 27549 Full Service B&M $8,797
    Carter Bank & Trust 2100 West Arlington Boulevard Greenville, NC 27834 Full Service B&M $4,015
    Carter Bank & Trust 213 North Locust Street Floyd, VA 24091 Full Service B&M $68,342
    Carter Bank & Trust 2169 South Main Street Harrisonburg, VA 22801 Full Service B&M $13,217
    Carter Bank & Trust 2191 Fincastle Turnpike Tazewell, VA 24651 Full Service B&M $26,899
    Carter Bank & Trust 222 Main Street South Boston, VA 24592 Full Service B&M $74,648
    Carter Bank & Trust 231 East Plaza Drive Mooresville, NC 28115 Full Service B&M $23,487
    Carter Bank & Trust 238 West Main Street Abingdon, VA 24210 Full Service B&M $38,209
    Carter Bank & Trust 2657 Peters Creek Road, N.W. Roanoke, VA 24017 Full Service B&M $19,869
    Carter Bank & Trust 2701 West Main Street Waynesboro, VA 22980 Full Service B&M $16,955
    Carter Bank & Trust 2770 Riverside Drive Bassett, VA 24055 Full Service B&M $79,598
    Carter Bank & Trust 300 Dabney Drive Ext. Henderson, NC 27536 Full Service B&M $16,936
    Carter Bank & Trust 301 Carbon City Road Morganton, NC 28655 Full Service B&M $16,512
    Carter Bank & Trust 302 East Atlantic Street South Hill, VA 23970 Full Service B&M $19,964
    Carter Bank & Trust 305 South Main Street Reidsville, NC 27320 Full Service B&M $41,019
    Carter Bank & Trust 3052 Fourth Avenue Saint Paul, VA 24283 Full Service B&M $15,680
    Carter Bank & Trust 3060 North Main Street Danville, VA 24540 Full Service B&M $52,453
    Carter Bank & Trust 307 South Main Street Gretna, VA 24557 Full Service B&M $84,553
    Carter Bank & Trust 3132 Electric Road, S.W. Roanoke, VA 24018 Full Service B&M $35,504
    Carter Bank & Trust 317 North Main Street Bridgewater, VA 22812 Full Service B&M $20,866
    Carter Bank & Trust 3203 Waterlick Road Lynchburg, VA 24502 Full Service B&M $111,351
    Carter Bank & Trust 341 East Main Street Lincolnton, NC 28092 Full Service B&M $8,372
    Carter Bank & Trust 3515 Campbell Avenue Lynchburg, VA 24501 Full Service B&M $29,538
    Carter Bank & Trust 370 Arbor Drive Christiansburg, VA 24073 Full Service B&M $27,827
    Carter Bank & Trust 4 East Commonwealth Boulevard Martinsville, VA 24112 Full Service B&M $179,142
    Carter Bank & Trust 400 Franklin Street Rocky Mount, VA 24151 Full Service B&M $167,230
    Carter Bank & Trust 4004 West Wendover Avenue Greensboro, NC 27407 Full Service B&M $31,608
    Carter Bank & Trust 4013 Halifax Road South Boston, VA 24592 Full Service B&M $78,120
    Carter Bank & Trust 4143 Franklin Rd Sw Roanoke, VA 24018 Full Service B&M $18,371
    Carter Bank & Trust 4259 Appalachian Drive Fieldale, VA 24089 Full Service B&M $10,344
    Carter Bank & Trust 449 E. Main Street Independence, VA 24348 Full Service B&M $35,347
    Carter Bank & Trust 4498 South Amherst Highway Madison Heights, VA 24572 Full Service B&M $25,986
    Carter Bank & Trust 478 Frontier Drive Staunton, VA 24401 Full Service B&M $18,056
    Carter Bank & Trust 4806 Hollins Rd Nw Roanoke, VA 24019 Full Service B&M $13,845
    Carter Bank & Trust 50 Boones Mill Road Boones Mill, VA 24065 Full Service B&M $46,710
    Carter Bank & Trust 507 Willow Street Mount Airy, NC 27030 Full Service B&M $35,930
    Carter Bank & Trust 5406 U.S. Highway 29 North Blairs, VA 24527 Full Service B&M $16,646
    Carter Bank & Trust 543 East Stuart Drive Galax, VA 24333 Full Service B&M $134,678
    Carter Bank & Trust 55 Worth Avenue Stafford, VA 22554 Full Service B&M $59,098
    Carter Bank & Trust 550 Blue Ridge Avenue Bedford, VA 24523 Full Service B&M $66,696
    Carter Bank & Trust 5715 W. Gate City Blvd Greensboro, NC 27407 Full Service B&M $20,053
    Carter Bank & Trust 604 N. Chestnut Street Lumberton, NC 28358 Full Service B&M $7,061
    Carter Bank & Trust 6142 A L Philpott Highway Martinsville, VA 24112 Full Service B&M $20,800
    Carter Bank & Trust 616 9th Street, Se Roanoke, VA 24013 Full Service B&M $14,056
    Carter Bank & Trust 630 Fagg Drive Eden, NC 27288 Full Service B&M $34,877
    Carter Bank & Trust 697 Country Club Drive Fayetteville, NC 28301 Full Service B&M $17,614
    Carter Bank & Trust 70 Chatham Heights Road Fredericksburg, VA 22405 Full Service B&M $23,789
    Carter Bank & Trust 704 Oak Street Forest City, NC 28043 Full Service B&M $10,697
    Carter Bank & Trust 721 Blue Ridge Boulevard Roanoke, VA 24012 Full Service B&M $21,280
    Carter Bank & Trust 75 North Mason Street Harrisonburg, VA 22802 Full Service B&M $21,739
    Carter Bank & Trust 800 Gardens Boulevard Charlottesville, VA 22901 Full Service B&M $15,763
    Carter Bank & Trust 806 Nottingham Street Culpeper, VA 22701 Full Service B&M $10,317
    Carter Bank & Trust 82 E Main St Lebanon, VA 24266 Full Service B&M $25,094
    Carter Bank & Trust 821 4th Street Drive Sw Hickory, NC 28602 Full Service B&M $16,398
    Carter Bank & Trust 823 North Main Street Roxboro, NC 27573 Full Service B&M $26,109
    Carter Bank & Trust 8334 Moneta Road Bedford, VA 24523 Full Service B&M $17,395
    Carter Bank & Trust 8402 Sudley Road Manassas, VA 20109 Full Service B&M $21,857
    Carter Bank & Trust 903 South Main Street Danville, VA 24541 Full Service B&M $51,182
    Carter Bank & Trust 9440 Franklin Street Ferrum, VA 24088 Full Service B&M $27,106
    Carter Bank & Trust 998 Memorial Drive Pulaski, VA 24301 Full Service B&M $30,832

    For 2020, Carter Bank & Trust had 99 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $140,941
    Net interest income $105,115
    Total noninterest income $18,543
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,518
    Trading account gains and fees $0
    Additional Noninterest Income $15,025
    Pre-tax net operating income $-51,375
    Securities gains (or losses, -) $6,882
    Income before extraordinary items $-45,264
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-45,264
    Minority interest net income $0
    Net income $-45,264
    Sale, conversion, retirement of capital stock, net $801
    Net operating income $-52,146

    Carter Bank & Trust's gross interest income from loans was $140,941,000.
    Carter Bank & Trust's net interest income from loans was $105,115,000.
    Carter Bank & Trust's fee based income from loans was $3,518,000.
    Carter Bank & Trust's net income from loans was $-45,264,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $35,826
    Provision for credit losses $18,006
    Total noninterest expense $157,027
    Salaries and employee benefits $52,175
    Premises and equipment expense $13,369
    Additional noninterest expense $91,483
    Applicable income taxes $771
    Net charge-offs $2,694
    Cash dividends $3,689

    Carter Bank & Trust's interest expense for loans was $35,826,000.
    Carter Bank & Trust's payroll and benefits expense were $52,175,000.
    Carter Bank & Trust's property, plant and equipment expenses $13,369,000.

    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 1.0%
    Nonfarm, nonresidential loans 1.0%
    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 5.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $3,685,267
    Deposits held in domestic offices $3,685,267
    Deposits by Individuals, partnerships, and corporations $3,509,208
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $174,324
    Deposits by Commercial banks and other depository institutions in U.S. $1,735
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,080,515
    Demand deposits $709,374
    Nontransaction accounts $2,604,752
    Money market deposit accounts (MMDAs) $298,589
    Other savings deposits (excluding MMDAs) $634,881
    Total time deposits $1,671,282
    Total time and savings deposits $2,975,893
    Noninterest-bearing deposits $709,374
    Interest-bearing deposits $2,975,893
    Retail deposits $3,504,210
    IRAs and Keogh plan accounts $381,186
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,179,197
    Cash & Balances due from depository institutions $241,942
    Interest-bearing balances $203,407
    Total securities $778,679
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,928,368
    Loan and leases loss allowance $54,074
    Trading account assets $4,493
    Bank premises and fixed assets $89,091
    Other real estate owned $15,722
    Goodwill and other intangibles $0
    All other assets $120,902

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,179,197
    Total Liabilities $3,739,644
    Total deposits $3,685,267
    Interest-bearing deposits $2,975,893
    Deposits held in domestic offices $3,685,267
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $4,756
    Other borrowed funds $36,621
    Subordinated debt $0
    All other liabilities $13,000

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,928,368
    Loan and leases loss allowance $54,074
    Total loans and leases (domestic) $2,982,442
    All real estate loans $2,367,324
    Real estate loans in domestic offices $2,367,324
    Construction and development loans $406,390
    Residential 1-4 family construction $18,983
    Other construction, all land development and other land $387,407
    Loans secured by nonfarm nonresidential properties $1,205,762
    Nonfarm nonresidential secured by owner-occupied properties $56,308
    Commercial real estate & other non-farm, non-residential $1,149,454
    Multifamily residential real estate $247,651
    1-4 family residential loans $498,932
    Farmland loans $8,589
    Loans held in foreign offices $0
    Farm loans $582
    Commercial and industrial loans $306,310
    To non-U.S. addressees $0
    Loans to individuals $57,855
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,784
    Other loans to individuals $55,071
    All other loans & leases $250,371
    Loans to foreign governments and official institutions $0
    Other loans $35
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,718
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Carter Bank & Trust had $2,928,368,000 of loans outstanding in 2020. $2,367,324,000 of loans were in real estate loans. $406,390,000 of loans were in development loans. $247,651,000 of loans were in multifamily mortgage loans. $498,932,000 of loans were in 1-4 family mortgage loans. $582,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,784,000 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 413 $97,350 $235,714
    Nonfarm, nonresidential loans - <$100k 88 $2,982 $33,886
    Nonfarm, nonresidential loans - $100-250k 121 $13,296 $109,884
    Nonfarm, nonresidential loans - $250k-1MM 204 $81,072 $397,412
    Commercial & Industrial, US addressed loans - <$1MM 1,535 $109,227 $71,158
    Commercial & Industrial, US addressed loans - <$100k 1,066 $30,030 $28,171
    Commercial & Industrial, US addressed loans - $100-250k 340 $41,744 $122,776
    Commercial & Industrial, US addressed loans - $250k-1MM 129 $37,453 $290,333
    Farmland loans - <$1MM 7 $48 $6,857
    Farmland loans - <$100k 7 $48 $6,857
    Agriculture operations loans - <$1MM 24 $582 $24,250
    Agriculture operations loans - <$100k 23 $432 $18,783
    Agriculture operations loans - $100-250k 1 $150 $150,000