Carter Bank&Trust
Martinsville, Virginia · FDIC Cert #58596
This is the FDIC profile for Carter Bank&Trust, an FDIC-insured bank (Certificate #58596) with $4.5B in total assets and $3.9B in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Martinsville, Virginia, the bank maintains a Tier 1 capital ratio of 10.86% (Well-Capitalized) and a nonperforming loan ratio of 8.46%. BankHealthData assigns a composite Health Grade of D (41/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Carter Bank&Trust (FDIC cert 58596) is a mid-sized bank with $4.5B in total assets and $3.9B in deposits, based in Martinsville, Virginia. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is adequate: Tier 1 capital ratio of 10.86% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality shows stress: non-performing loan ratio of 8.46% is well above the peer median and signals significant credit-quality challenges. Banks in this range typically face heightened regulatory monitoring. Liquidity is in the normal range: 18.0% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is thin: ROA of 0.65% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Carter Bank&Trust carries a composite BankHealth grade of D (41/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Carter Bank&Trust
- Total Assets
- $4.5B
- Total Deposits
- $3.9B
- Tier 1 Capital Ratio
- 10.86%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 8.46%
- Liquidity Ratio
- 17.95%
- Return on Assets
- 0.65%
- Headquarters
- Martinsville, Virginia
- FDIC Certificate
- #58596
- Health Grade
- D (41/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Carter Bank&Trust files quarterly Call Reports with the FDIC under Certificate #58596. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
Track Carter Bank&Trust
Subscribe for BankHealthData updates by email. No spam, unsubscribe anytime.
Capital & Safety Analysis
According to FDIC financial data, Carter Bank&Trust holds a Tier 1 capital ratio of 10.86%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Carter Bank&Trust has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Carter Bank&Trust shows some financial weakness with a Health Score of 41/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Carter Bank&Trust Compares
Carter Bank&Trust’s Health Score of 41 is 38 points below the Virginia state average of 79 across 49 FDIC-insured banks. Its 10.86% Tier 1 capital ratio is 3.1 points below the US banking industry average near 14%. The 8.46% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.65% is below the national ROA benchmark of ~1.1%. Among 327 similarly-sized banks, the average Health Score is 77, meaning this bank ranks below its size cohort. Site-wide, Carter Bank&Trust is 39 points below the portfolio average of 80.
Frequently Asked Questions
Carter Bank&Trust has a Bank Health Score of D (41/100), placing it showing signs of financial stress. It holds a Tier 1 capital ratio of 10.86%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Carter Bank&Trust's Tier 1 capital ratio of 10.86% and nonperforming loan ratio of 8.46% indicate an elevated risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Carter Bank&Trust is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #58596). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Carter Bank&Trust holds $4.5B in total assets and $3.9B in total deposits. It is headquartered in Martinsville, Virginia (FDIC Certificate #58596).
Carter Bank&Trust's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #58596 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Carter Bank&Trust has a Tier 1 capital ratio of 10.86%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 8.46%, and the return on assets is 0.65%.
Yes. Carter Bank&Trust is FDIC-insured (Certificate #58596). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An D grade on our Bank Health Score means 40-54/100 — multiple metrics showing stress; worth monitoring. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Carter Bank&Trust shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.