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: Charlottesville, Charlotte, Myrtle Beach, Roanoke, and New Bern among others. We have data for 30 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.25% 11/21/24
    30 Year Conventional Purchase 6.98% 11/21/24
    30 Year Conventional Refi 7.00% 11/21/24
    15 Year Conventional Purchase 6.90% 11/21/24
    15 Year Conventional Refi 6.37% 11/21/24
    15 Year Cash-out Refi 6.37% 11/21/24
    15 Year VA Refi 5.68% 11/21/24
    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

    321

    Origination Dollar Volume (All Markets)

    $220,905,000

    Employee count

    728

    Awards

    Carter Bank & Trust 30 Year Conventional Loans silver
    Show all (1) awards

    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
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 20 $34,350,000 $1,717,500 $3,393 3.43%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 23 $34,125,000 $1,483,696 $4,430 3.80%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $31,240,000 $15,620,000 $0 3.63%
    ROANOKE, VA (FHA|USDA|VA) 55 $27,505,000 $500,091 $3,203 3.24%
    NEW BERN, NC (FHA|USDA|VA) 1 $27,005,000 $27,005,000 $0 3.13%
    Wilson, NC (FHA|USDA|VA) 1 $11,655,000 $11,655,000 $0 4.65%
    LYNCHBURG, VA (FHA|USDA|VA) 36 $9,320,000 $258,889 $3,106 3.44%
    SUMTER, SC (FHA|USDA|VA) 1 $9,205,000 $9,205,000 $0 3.00%
    Outside of Metro Areas 55 $8,905,000 $161,909 $2,576 3.40%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 11 $4,235,000 $385,000 $2,459 3.73%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $4,230,000 $1,057,500 $5,427 3.61%
    Danville, VA (FHA|USDA|VA) 31 $4,105,000 $132,419 $4,071 3.55%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $2,695,000 $2,695,000 $0 4.35%
    Martinsville, VA (FHA|USDA|VA) 30 $2,370,000 $79,000 $2,407 3.39%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $1,590,000 $198,750 $2,313 3.51%
    Washington, NC (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $7,137 2.75%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 15 $1,185,000 $79,000 $2,735 3.68%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 4 $1,070,000 $267,500 $0 4.25%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 3.75%
    RALEIGH-CARY, NC (FHA|USDA|VA) 3 $805,000 $268,333 $1,673 4.04%
    Shelby, NC (FHA|USDA|VA) 2 $670,000 $335,000 $14 4.13%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $655,000 $655,000 $0 3.88%
    STAUNTON, VA (FHA|USDA|VA) 3 $455,000 $151,667 $2,782 2.63%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $330,000 $82,500 $2,689 3.31%
    Brevard, NC (FHA|USDA|VA) 1 $265,000 $265,000 $0 4.25%
    Mount Airy, NC (FHA|USDA|VA) 3 $235,000 $78,333 $2,506 5.13%
    Georgetown, SC (FHA|USDA|VA) 1 $145,000 $145,000 $3,156 2.50%
    Big Stone Gap, VA (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.13%
    Henderson, NC (FHA|USDA|VA) 1 $35,000 $35,000 $1,887 7.88%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $35,000 $35,000 $1,721 3.88%
    Carter Bank & Trust's top markets include Charlottesville, Charlotte, Myrtle Beach, Roanoke, and New Bern among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 164 $16,770,000 $102,256 n/a 3.37%
    Conventional 157 $204,135,000 $1,300,223 $2,881 3.64%

    For 2021, Carter Bank & Trust's most frequently originated type of loan was HELOC, with 164 originations. Their 2nd most popular type was Conventional, with 157 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 97 $55,555,000 $572,732 $2,847 3.23%
    Home Purchase 89 $154,175,000 $1,732,303 $3,411 3.87%
    Other 74 $6,020,000 $81,351 $2,144 3.46%
    Home Improvement 61 $5,155,000 $84,508 $1,666 3.44%

    For 2021, Carter Bank & Trust's most frequently cited loan purpose was Refi, with 97 originations. The 2nd most popular reason was Home Purchase, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 170 $14,710,000 $86,529 $1,584 3.43%
    15 Year 61 $9,575,000 $156,967 $2,717 3.09%
    10 Year 33 $42,465,000 $1,286,818 $1,632 4.26%
    Other 17 $13,055,000 $767,941 $0 4.04%
    30 Year 16 $9,150,000 $571,875 $4,019 3.02%
    5 Year 15 $114,515,000 $7,634,333 $2,005 3.83%
    1 Year 6 $1,970,000 $328,333 $0 3.96%
    3 Year 3 $15,465,000 $5,155,000 $0 4.22%

    For 2021, Carter Bank & Trust's most frequently cited loan duration was 20 Year, with 170 originations. The 2nd most popular length was 15 Year, with 61 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 57 $17,405,000 $305,351
    $<1k 26 $1,520,000 $58,462

    Carter Bank & Trust's average total fees were $4,019, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 57 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 154 $102,340,000 $664,545
    2.5-3% 70 $57,240,000 $817,714
    4-5% 45 $53,295,000 $1,184,333
    <2.5% 39 $7,245,000 $185,769
    5-6% 6 $400,000 $66,667
    7-8% 4 $240,000 $60,000
    6-7% 3 $145,000 $48,333

    During 2021, Carter Bank & Trust's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 3-4%, with 154 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 159 $8,515,000 $53,553 $2,147 3.57%
    $100k-200k 70 $9,070,000 $129,571 $3,041 3.29%
    $200k-400k 44 $11,710,000 $266,136 $3,091 3.44%
    $1MM+ 28 $179,440,000 $6,408,571 $6,382 3.65%
    $400k-600k 10 $4,740,000 $474,000 $4,298 3.52%
    $600k-1MM 10 $7,430,000 $743,000 $5,020 3.62%

    2021 saw Carter Bank & Trust place emphasis on $100,000 or less loans with 159 originations, totaling $8,515,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 73 $4,375,000 $59,932 $2,097 3.51%
    $50k-75k 61 $6,235,000 $102,213 $2,629 3.44%
    $100k-150k 38 $6,020,000 $158,421 $3,507 3.10%
    $75k-100k 34 $3,930,000 $115,588 $2,828 3.35%
    $150k-250k 14 $3,320,000 $237,143 $3,597 3.23%
    $250k+ 13 $11,685,000 $898,846 $5,766 3.53%

    Carter Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 73 originations. The second most popular income band? $50k-75k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 76 $10,200,000 $134,211 $3,063 3.35%
    <20% 63 $5,695,000 $90,397 $2,723 3.19%
    30-36% 49 $9,075,000 $185,204 $3,016 3.45%
    41% 10 $960,000 $96,000 $2,742 3.53%
    42% 9 $1,675,000 $186,111 $3,909 3.33%
    38% 8 $1,790,000 $223,750 $3,389 3.03%
    36% 8 $1,130,000 $141,250 $1,998 4.42%
    37% 7 $655,000 $93,571 $2,933 3.29%
    40% 4 $250,000 $62,500 $1,509 3.16%
    39% 4 $620,000 $155,000 $2,490 3.13%
    44% 2 $250,000 $125,000 $2,888 3.13%
    46% 2 $320,000 $160,000 $2,747 2.44%
    43% 1 $355,000 $355,000 $2,661 2.50%
    45% 1 $135,000 $135,000 $2,732 2.75%
    47% 1 $125,000 $125,000 $2,786 2.75%

    Carter Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? <20%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 64 $182,990,000 $2,859,219 $0 3.94%
    White 226 $30,150,000 $133,407 $2,831 3.40%
    Not provided 10 $6,090,000 $609,000 $3,752 2.78%
    Black 16 $960,000 $60,000 $1,947 3.62%
    Asian Indian 2 $320,000 $160,000 $3,108 2.94%
    Vietnamese 1 $205,000 $205,000 $0 3.75%
    American Indian 1 $95,000 $95,000 $0 3.50%
    Asian 1 $95,000 $95,000 $0 3.50%

    Approval Rates

    Total approvals of all applications
    86.76%

    Carter Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.60%

    Carter Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 321 $220,905,000 $688,178

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    321 $220,905,000 $688,178

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 81 $19,075,000 $235,494 $2,541 3.38%
    40-60% 65 $73,875,000 $1,136,538 $2,975 3.41%
    60-80% 99 $113,275,000 $1,144,192 $2,981 3.64%
    80-100% 30 $11,780,000 $392,667 $2,966 3.82%
    Over 100% 1 $55,000 $55,000 $1,956 3.63%
    Under 20% 45 $2,845,000 $63,222 $0 3.33%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Carter Bank & Trust 128 Paul Street Collinsville, VA 24078 Full Service B&M $72,435
    Carter Bank & Trust 1001 South Horner Blvd. Sanford, NC 27330 Full Service B&M $12,082
    Carter Bank & Trust 1002 Virginia Avenue Clarksville, VA 23927 Full Service B&M $35,260
    Carter Bank & Trust 101 East Raleigh Street Siler City, NC 27344 Full Service B&M $19,493
    Carter Bank & Trust 10407 Courthouse Road Spotsylvania, VA 22553 Full Service B&M $33,591
    Carter Bank & Trust 105 King Street Blacksburg, VA 24060 Full Service B&M $40,692
    Carter Bank & Trust 1111 E Washington Ave Vinton, VA 24179 Full Service B&M $60,259
    Carter Bank & Trust 1113 5th St Sw Charlottesville, VA 22902 Full Service B&M $7,331
    Carter Bank & Trust 116 East Midland Trail Lexington, VA 24450 Full Service B&M $76,649
    Carter Bank & Trust 1201 Battleground Ave Greensboro, NC 27408 Full Service B&M $2,022
    Carter Bank & Trust 1204 Bragg Road Fredericksburg, VA 22407 Full Service B&M $27,443
    Carter Bank & Trust 125 East Blue Ridge Street Stuart, VA 24171 Full Service B&M $93,378
    Carter Bank & Trust 1330 Parham Circle Charlottesville, VA 22902 Full Service B&M $2,653
    Carter Bank & Trust 135 Scruggs Road Moneta, VA 24121 Full Service B&M $48,259
    Carter Bank & Trust 140 Kentuck Road Danville, VA 24540 Full Service B&M $38,103
    Carter Bank & Trust 140 South Main Street Chatham, VA 24531 Full Service B&M $54,907
    Carter Bank & Trust 140 Tensbury Drive Martinsville, VA 24112 Full Service B&M $51,829
    Carter Bank & Trust 1400 Electric Road Salem, VA 24153 Full Service B&M $22,297
    Carter Bank & Trust 141 Westover Drive Danville, VA 24541 Full Service B&M $190,955
    Carter Bank & Trust 1621 Forest Road Bedford, VA 24523 Full Service B&M $17,970
    Carter Bank & Trust 166 Horsepasture Price Road Ridgeway, VA 24148 Full Service B&M $28,087
    Carter Bank & Trust 1722 Hershberger Road Roanoke, VA 24012 Full Service B&M $40,658
    Carter Bank & Trust 1728 Graves Mill Road Lynchburg, VA 24502 Full Service B&M $22,422
    Carter Bank & Trust 175 Warrenton Road Falmouth, VA 22405 Full Service B&M $43,248
    Carter Bank & Trust 181 Main Street New Castle, VA 24127 Full Service B&M $23,257
    Carter Bank & Trust 1900 East Main Street Radford, VA 24141 Full Service B&M $46,625
    Carter Bank & Trust 200 College Street, N.W. Christiansburg, VA 24073 Full Service B&M $53,397
    Carter Bank & Trust 200 Forest Hills Road Wilson, NC 27896 Full Service B&M $11,879
    Carter Bank & Trust 2018 Tate Springs Road Lynchburg, VA 24501 Full Service B&M $26,167
    Carter Bank & Trust 205 South Bickett Boulevard Louisburg, NC 27549 Full Service B&M $9,971
    Carter Bank & Trust 213 North Locust Street Floyd, VA 24091 Full Service B&M $68,519
    Carter Bank & Trust 220 Main Street Hillsville, VA 24343 Full Service B&M $147,769
    Carter Bank & Trust 222 Main Street South Boston, VA 24592 Full Service B&M $74,793
    Carter Bank & Trust 231 East Plaza Drive Mooresville, NC 28115 Full Service B&M $33,831
    Carter Bank & Trust 2657 Peters Creek Road, N.W. Roanoke, VA 24017 Full Service B&M $19,862
    Carter Bank & Trust 2770 Riverside Drive Bassett, VA 24055 Full Service B&M $97,741
    Carter Bank & Trust 30 Franklin Rd, Ste 400 Roanoke, VA 24011 Full Service B&M $3,539
    Carter Bank & Trust 300 Dabney Drive Ext. Henderson, NC 27536 Full Service B&M $19,606
    Carter Bank & Trust 305 South Main Street Reidsville, NC 27320 Full Service B&M $49,224
    Carter Bank & Trust 3060 North Main Street Danville, VA 24540 Full Service B&M $71,986
    Carter Bank & Trust 307 South Main Street Gretna, VA 24557 Full Service B&M $101,261
    Carter Bank & Trust 3132 Electric Road, S.W. Roanoke, VA 24018 Full Service B&M $31,449
    Carter Bank & Trust 3203 Waterlick Road Lynchburg, VA 24502 Full Service B&M $110,857
    Carter Bank & Trust 325 East Spring Street Wytheville, VA 24382 Full Service B&M $45,818
    Carter Bank & Trust 3305 Battleground Avenue Greensboro, NC 27410 Full Service B&M $25,513
    Carter Bank & Trust 3515 Campbell Avenue Lynchburg, VA 24501 Full Service B&M $30,543
    Carter Bank & Trust 370 Arbor Drive Christiansburg, VA 24073 Full Service B&M $27,474
    Carter Bank & Trust 4 East Commonwealth Boulevard Martinsville, VA 24112 Full Service B&M $302,402
    Carter Bank & Trust 400 Franklin Street Rocky Mount, VA 24151 Full Service B&M $197,762
    Carter Bank & Trust 4013 Halifax Road South Boston, VA 24592 Full Service B&M $81,700
    Carter Bank & Trust 4143 Franklin Rd Sw Roanoke, VA 24018 Full Service B&M $19,110
    Carter Bank & Trust 449 E. Main Street Independence, VA 24348 Full Service B&M $35,965
    Carter Bank & Trust 4498 South Amherst Highway Madison Heights, VA 24572 Full Service B&M $25,495
    Carter Bank & Trust 50 Boones Mill Road Boones Mill, VA 24065 Full Service B&M $50,447
    Carter Bank & Trust 507 Willow Street Mount Airy, NC 27030 Full Service B&M $39,380
    Carter Bank & Trust 543 East Stuart Drive Galax, VA 24333 Full Service B&M $139,378
    Carter Bank & Trust 55 Worth Avenue Stafford, VA 22554 Full Service B&M $95,585
    Carter Bank & Trust 550 Blue Ridge Avenue Bedford, VA 24523 Full Service B&M $93,279
    Carter Bank & Trust 5715 W. Gate City Blvd Greensboro, NC 27407 Full Service B&M $22,662
    Carter Bank & Trust 6142 Al Philpott Hwy Martinsville, VA 24112 Full Service B&M $22,281
    Carter Bank & Trust 616 9th Street, Se Roanoke, VA 24013 Full Service B&M $19,348
    Carter Bank & Trust 630 Fagg Drive Eden, NC 27288 Full Service B&M $78,482
    Carter Bank & Trust 697 Country Club Drive Fayetteville, NC 28301 Full Service B&M $24,579
    Carter Bank & Trust 70 Chatham Heights Road Fredericksburg, VA 22405 Full Service B&M $23,977
    Carter Bank & Trust 749 East 2nd Street Chase City, VA 23924 Full Service B&M $54,928
    Carter Bank & Trust 800 Gardens Boulevard Charlottesville, VA 22901 Full Service B&M $13,305
    Carter Bank & Trust 806 Nottingham Street Culpeper, VA 22701 Full Service B&M $12,688
    Carter Bank & Trust 823 North Main Street Roxboro, NC 27573 Full Service B&M $26,644
    Carter Bank & Trust 903 South Main Street Danville, VA 24541 Full Service B&M $46,752
    Carter Bank & Trust 9440 Franklin Street Ferrum, VA 24088 Full Service B&M $31,625
    Carter Bank & Trust 998 Memorial Drive Pulaski, VA 24301 Full Service B&M $29,349

    For 2021, Carter Bank & Trust had 71 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $133,897
    Net interest income $111,183
    Total noninterest income $19,358
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,036
    Trading account gains and fees $0
    Additional Noninterest Income $14,322
    Pre-tax net operating income $31,067
    Securities gains (or losses, -) $6,869
    Income before extraordinary items $33,382
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $33,382
    Minority interest net income $0
    Net income $33,382
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $27,337

    Carter Bank & Trust's gross interest income from loans was $133,897,000.
    Carter Bank & Trust's net interest income from loans was $111,183,000.
    Carter Bank & Trust's fee based income from loans was $5,036,000.
    Carter Bank & Trust's net income from loans was $33,382,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $22,714
    Provision for credit losses $2,081
    Total noninterest expense $97,393
    Salaries and employee benefits $53,117
    Premises and equipment expense $13,556
    Additional noninterest expense $30,720
    Applicable income taxes $4,554
    Net charge-offs $23,126
    Cash dividends $0

    Carter Bank & Trust's interest expense for loans was $22,714,000.
    Carter Bank & Trust's payroll and benefits expense were $53,117,000.
    Carter Bank & Trust's property, plant and equipment expenses $13,556,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    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 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $3,703,618
    Deposits held in domestic offices $3,703,618
    Deposits by Individuals, partnerships, and corporations $3,520,100
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $182,361
    Deposits by Commercial banks and other depository institutions in U.S. $1,157
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $75,311
    Demand deposits $63,016
    Nontransaction accounts $3,628,307
    Money market deposit accounts (MMDAs) $1,593,440
    Other savings deposits (excluding MMDAs) $690,549
    Total time deposits $1,344,318
    Total time and savings deposits $3,640,602
    Noninterest-bearing deposits $63,016
    Interest-bearing deposits $3,640,602
    Retail deposits $3,556,484
    IRAs and Keogh plan accounts $348,588
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,133,175
    Cash & Balances due from depository institutions $277,799
    Interest-bearing balances $241,101
    Total securities $922,400
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,716,418
    Loan and leases loss allowance $95,939
    Trading account assets $3,508
    Bank premises and fixed assets $78,566
    Other real estate owned $10,916
    Goodwill and other intangibles $0
    All other assets $123,568

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,133,175
    Total Liabilities $3,730,985
    Total deposits $3,703,618
    Interest-bearing deposits $3,640,602
    Deposits held in domestic offices $3,703,618
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $3,682
    Other borrowed funds $10,379
    Subordinated debt $0
    All other liabilities $13,306

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,716,418
    Loan and leases loss allowance $95,939
    Total loans and leases (domestic) $2,812,357
    All real estate loans $2,346,315
    Real estate loans in domestic offices $2,346,315
    Construction and development loans $391,383
    Residential 1-4 family construction $35,987
    Other construction, all land development and other land $355,396
    Loans secured by nonfarm nonresidential properties $1,198,233
    Nonfarm nonresidential secured by owner-occupied properties $55,130
    Commercial real estate & other non-farm, non-residential $1,143,103
    Multifamily residential real estate $256,872
    1-4 family residential loans $499,098
    Farmland loans $729
    Loans held in foreign offices $0
    Farm loans $218
    Commercial and industrial loans $247,168
    To non-U.S. addressees $0
    Loans to individuals $44,646
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,294
    Other loans to individuals $41,352
    All other loans & leases $174,010
    Loans to foreign governments and official institutions $0
    Other loans $20
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $4,651
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $78,036
    Non 1-4 family restructured loans & leases $78,036
    Total loans and leases (foreign) $0

    Carter Bank & Trust had $2,716,418,000 of loans outstanding in 2021. $2,346,315,000 of loans were in real estate loans. $391,383,000 of loans were in development loans. $256,872,000 of loans were in multifamily mortgage loans. $499,098,000 of loans were in 1-4 family mortgage loans. $218,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,294,000 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 375 $93,222 $248,592
    Nonfarm, nonresidential loans - <$100k 69 $2,264 $32,812
    Nonfarm, nonresidential loans - $100-250k 117 $13,391 $114,453
    Nonfarm, nonresidential loans - $250k-1MM 189 $77,567 $410,407
    Commercial & Industrial, US addressed loans - <$1MM 995 $80,443 $80,847
    Commercial & Industrial, US addressed loans - <$100k 597 $18,341 $30,722
    Commercial & Industrial, US addressed loans - $100-250k 278 $31,170 $112,122
    Commercial & Industrial, US addressed loans - $250k-1MM 120 $30,932 $257,767
    Farmland loans - <$1MM 8 $147 $18,375
    Farmland loans - <$100k 8 $147 $18,375
    Agriculture operations loans - <$1MM 12 $218 $18,167
    Agriculture operations loans - <$100k 12 $218 $18,167