Carter Bank & Trust
FDIC #58596
📍 Martinsville, Virginia
Carter Bank & Trust is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in December 30, 2006. With assets of $4.45 Billion, it operates 67 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: May 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
May 1, 2024
Satisfactory
February 1, 2021
Satisfactory
May 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$4.45 Billion
Total Deposits$3.56 Billion
Equity Capital$325.28 Million
Net Income$26.81 Million
📈 Performance
ROA0.82%
ROE10.71%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedDecember 30, 2006
FDIC Cert58596
Holding CoCarter Bankshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2007
Merger / Acquisition
Acquired: Peoples National Bank
2007
Merger / Acquisition
Acquired: Blue Ridge Bank, National Association
2007
Merger / Acquisition
Acquired: Central National Bank
2007
Merger / Acquisition
Acquired: Community National Bank
2007
Merger / Acquisition
Acquired: First National Bank