FDIC certificate 58596
Carter Bank & Trust
Martinsville, Virginia · 4 Commonwealth Blvd E 24112
Hunter Score
This bank ranks above the middle of its size group.
Down 6 points from last quarter.
Compared with 265 banks with $3 billion to $10 billion in assets.
A high score is not a recommendation to buy or sell.
What stands out
Carter Bank & Trust has a Hunter Score of 68 out of 100 for Q2 2026, ending June 30, 2026. This bank ranks above the middle of its size group. The comparison is with banks with $3 billion to $10 billion in assets.
The FDIC reported return on equity of 37.13% (field ROE). Among banks with $3 billion to $10 billion in assets, the peer rank for this measure is 100 out of 100. A rank of 50 is typical.
The FDIC reported noncurrent loans of 1.01% (field NCLNLSR). Among banks with $3 billion to $10 billion in assets, the peer rank for this measure is 25 out of 100. A rank of 50 is typical.
Warning flags
These are factual readings from FDIC fields. A flag is a reason to read the number, not a finding that the bank is unsafe.
- Commercial real estate loans are at least 300% of capitalConstruction loans, multifamily loans, and other nonfarm nonresidential loans (not the owner-occupied ones) totaled $2,460,068,000, which is 395% of total risk-based capital. The 2006 supervisory guidance uses 300% as a level to look at more closely. From 2023-06-30 to this quarter, the same loan group was up 14%. That is below the 50% growth the guidance also mentions.
Held-to-maturity unrealized losses are not flagged. The FDIC file does not publish a held-to-maturity cost that we can subtract from fair value without guessing.
Similar banks
Other banks in Virginia with $3 billion to $10 billion in assets, ordered by Hunter Score.
Top Hunter Scores in Virginia · Top scores with $3 billion to $10 billion in assets
The five measures
Numbers below are for Q2 2026, ending June 30, 2026. They are copied from the FDIC. We do not recalculate them.
Return on equity (ROE)
37.13%
Profit for each dollar of the bank's capital. Higher is stronger.
Peer rank 100 out of 100. Stronger than most similar-sized banks.
More about this number
The FDIC reports this as ROE. A common benchmark is above 10%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Return on assets (ROA)
3.66%
Profit for each dollar of assets. Higher is stronger.
Peer rank 99 out of 100. Stronger than most similar-sized banks.
More about this number
The FDIC reports this as ROA. A common benchmark is above 1%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Net interest margin (NIM)
3.33%
The gap between what the bank earns on loans and securities and what it pays for funding. Higher means a wider gap.
Peer rank 30 out of 100. Weaker than most similar-sized banks.
More about this number
The FDIC reports this as NIMY. A common benchmark is above 3%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Efficiency ratio
38.54%
What the bank spends to produce a dollar of revenue. Lower is leaner.
Peer rank 89 out of 100. Stronger than most similar-sized banks.
More about this number
The FDIC reports this as EEFFR. A common benchmark is below 60%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Noncurrent loans
1.01%
Loans that are past due or no longer accruing interest, as a share of all loans. Lower is safer.
Peer rank 25 out of 100. Weaker than most similar-sized banks.
More about this number
The FDIC reports this as NCLNLSR. A common benchmark is below 1%. The benchmark is only a guide. The Hunter Score uses the peer rank, not the benchmark.
Recent quarters
- Q2 2026, ending June 30, 202668 out of 100
- Q1 2026, ending March 31, 202674 out of 100
- Q4 2025, ending December 31, 202513 out of 100
- Q3 2025, ending September 30, 202514 out of 100
- Q2 2025, ending June 30, 202517 out of 100
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About this bank
- Total assets
- $4.8 billion
- Deposits
- $4.2 billion
- Equity
- $541.9 million
- Tangible equity
- $540.7 millionBank-level FDIC equity minus goodwill and other intangible assets (FDIC fields EQ and INTANGW). This is not the holding company's tangible book, and it is not per share.
- Offices
- 66
- Charter
- State bank and Federal Reserve member
- Specialty
- Commercial Lending Specialization
- Community bank
- No
- Net income
- $88.0 millionYear-to-date, as reported. Not annualized.
Holding company and stock symbol
Holding company: Carter Bankshares Inc, Martinsville, VA. Federal Reserve RSSD 5530258.
Stock symbol CARE on Nasdaq. We matched the holding company's name to one SEC filing. Checked 2026-10-24. We do not show stock prices. Check the price on Yahoo Finance, then type it into the calculator below.
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Price-to-tangible-book calculator
This calculator estimates a fair multiple of tangible book value from the bank's return on equity. It is separate from the Hunter Score. It is not a price target.
Where it is
4 Commonwealth Blvd E, Martinsville, VA 24112
Showing the main office reported to the FDIC. Use the plus and minus buttons on the map to zoom. Map data is from OpenStreetMap.