Carter Bank & Trust in Martinsville, Virginia (VA), NC
Overview, Financial Summary, Detailed Financial Reports, Branches


Carter Bank & Trust - Overview

  • General
  • FDIC Certificate #: 58596
    Status: Active
    Federal Reserve ID: 3476192
    Date Established: December 30, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 123 (Domestic: 123, Interstate: Yes)
    FDIC's unique #: 457578
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 30, 2006
    Last Structure Change Effective Date: Febuary 15, 2007
    Last Structure Change Process Date: Febuary 23, 2007
    Last Data Update: Febuary 23, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 4 East Commonwealth Boulevard, Martinsville, VA 24112
    County: Martinsville City
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Martinsville, VA (#32300)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $3,970.4 mil
    Equity capital: $339.5 mil
    Deposits held in domestic offices: $3,610.0 mil
    Return on assets (ROA): 0.79% ($31.4 mil)
    Quarterly return on assets: 0.88% ($34.9 mil)
    Return on Equity (ROE): 9.14% ($31.1 mil)
    Quarterly return on equity: 10.22% ($34.7 mil)
    Net income: $30.1 mil
    Quarterly Net income: $8.6 mil
    Pretax return on assets: 1.01% ($40,101.1 mil)
    Quarterly Pretax return on assets: 1.10% ($43,674.5 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 998Total employees (full-time equivalent)
  • $3,970,407Total assets
  • $640,728Cash and due from depository institutions
  • $596,421Interest-bearing balances
  • $1,139,920Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,926,608Net loans & leases
  • $17,176Loan loss allowance
  • $0Trading account assets
  • $109,415Bank premises and fixed assets
  • $14,080Other real estate owned
  • $84,681Goodwill and other intangibles
  • $3,970,407Life insurance assets
  • $54,975All other assets
  • $3,630,886Total liabilities and capital
  • $3,609,989Total liabilities
  • $3,108,283Total deposits
  • $3,609,989Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $38Trading liabilities
  • $0Other borrowed funds
  • $20,859Subordinated debt
  • $339,521All other liabilities
  • $339,521Total equity capital
  • $339,521Total bank equity capital
  • $0Perpetual preferred stock
  • $26,258Common stock
  • $142,178Surplus
  • $171,085Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,677Income earned, not collected on loans
  • $0Earning assets
  • $19,816Long-term assets (5+ years)
  • $3,662,949Average Assets, year-to-date
  • $803,250Average Assets, quarterly
  • $3,792,375Volatile liabilities
  • $3,904,854Insider loans
  • $2,408,181FHLB advances
  • $3,759,412Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $263,482Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $133,081Restructured Loans and leases
  • $39,000Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $152,941Total interest income
  • $56,652Total interest expense
  • $96,289Net interest income
  • $1,800Provision for loan and lease losses
  • $11,497Total noninterest income
  • $0Fiduciary activities
  • $3,137Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,360Additional noninterest income
  • $68,621Total noninterest expense
  • $40,237Salaries and employee benefits
  • $7,659Premises and equipment expense
  • $20,725Additional noninterest expense
  • $37,365Pre-tax net operating income
  • $915Securities gains (losses)
  • $8,185Applicable income taxes
  • $30,095Income before extraordinary items
  • $0Extraordinary gains - net
  • $30,095Net income attributable to bank
  • $0Net charge-offs
  • $30,095Cash dividends
  • $67Sale, conversion, retirement of capital stock, net
  • $10,502Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 1.64%Cost of funding earning assets
  • 2.78%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 1.98%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 9.14%Return on equity (ROE)
  • 5.95%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 2686.57%Credit loss provision to net charge-offs
  • 584.55%Efficiency ratio
  • 56,726Assets per employee
  • 3.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.90%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 102.99%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 53.37%Net loans and leases to core deposits
  • 58.76%Equity capital to assets
  • 8.55%Core capital (leverage) ratio
  • 7.01%Tier 1 risk-based capital ratio
  • 10.94%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $3,792,375Average earning assets
  • $329,107Average equity
  • $3,460,976Average loans

List of branches

  • 35 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    8254473North Church Branch1534 North Church Street, Burlington, NC 27217August 28, 1998Full Service Brick and Mortar
    9361487Country Club Drive Branch697 Country Club Drive, Fayetteville, NC 28301October 02, 2000Full Service Brick and Mortar
    11361489Arlington Boulevard Branch2100 West Arlington Boulevard, Greenville, NC 27834June 04, 2001Full Service Brick and Mortar
    12361490Rowan Street Branch123 Rowan Street, Fayetteville, NC 28301June 04, 2001Full Service Brick and Mortar
    13363365East Raleigh Street Branch101 East Raleigh Street, Siler City, NC 27344Febuary 22, 2002Full Service Brick and Mortar
    14364065Ward Boulevard Branch200 Forest Hills Road, Wilson, NC 27893July 20, 2001Full Service Brick and Mortar
    15364067Horner Boulevard Branch1001 South Horner Blvd., Sanford, NC 27330August 27, 2001Full Service Brick and Mortar
    16364068Downtown Lumberton Branch604 N. Chestnut Street, Lumberton, NC 28358April 05, 2002Full Service Brick and Mortar
    17364069Bethel Branch122 West Andrews Street, Bethel, NC 27812June 14, 2002Full Service Brick and Mortar
    18430668Mount Olive Branch215 North Center Street, Mount Olive, NC 28365December 01, 2003Full Service Brick and Mortar
    19430669Webb Avenue Branch106 South Broad Street, Burlington, NC 27217November 10, 2003Full Service Brick and Mortar
    20436702Fayetteville Road Branch4601 Fayetteville Road, Lumberton, NC 28358November 08, 2004Full Service Brick and Mortar
    45259410Dabney Drive Branch300 Dabney Drive Ext., Henderson, NC 27536June 06, 1997Full Service Brick and Mortar
    46259411Louisburg Branch205 South Bickett Boulevard, Louisburg, NC 27549June 27, 1997Full Service Brick and Mortar
    47259412North Main Branch823 North Main Street, Roxboro, NC 27573May 01, 1998Full Service Brick and Mortar
    49362561Roxboro Road Branch4251 North Roxboro Road, Durham, NC 27704November 27, 2001Full Service Brick and Mortar
    563614834th Street Branch821 4th Street Drive Sw, Hickory, NC 28602Febuary 05, 2001Full Service Brick and Mortar
    57361484West Morganton Branch301 Carbon City Road, Morganton, NC 28655Febuary 05, 2001Full Service Brick and Mortar
    58362647Forest City Branch704 Oak Street, Forest City, NC 28043July 09, 2001Full Service Brick and Mortar
    59363297Cleveland Mall Branch2009 E Dixon Boulevard, Shelby, NC 28152March 01, 2002Full Service Brick and Mortar
    60363298Bostic Office Branch176 North Main Street, Bostic, NC 28018March 01, 2002Full Service Brick and Mortar
    61419555Main Street Office Branch127 Main Street Nw, Lenoir, NC 28645November 25, 2002Full Service Brick and Mortar
    62439752Lincolnton Branch341 East Main Street, Lincolnton, NC 28092March 21, 2005Full Service Brick and Mortar
    81361495Independence Boulevard Branch507 Willow Street, Mount Airy, NC 27030August 11, 2000Full Service Brick and Mortar
    82361496Curtis Bridge Road Branch1606 Curtis Bridge Road, Wilkesboro, NC 28697April 11, 2001Full Service Brick and Mortar
    83361705Jonesville Branch345 North Bridge Street, Jonesville, NC 28642April 16, 2001Full Service Brick and Mortar
    85430677Plaza Drive Branch231 East Plaza Drive, Mooresville, NC 28115April 12, 2004Full Service Brick and Mortar
    91254452Highway 14 Branch630 Fagg Drive, Eden, NC 27288January 31, 1997Full Service Brick and Mortar
    92254453Turner Drive Branch100 Turner Drive, Reidsville, NC 27320June 13, 1997Full Service Brick and Mortar
    93254454Main Street Branch305 South Main Street, Reidsville, NC 27320May 15, 1998Full Service Brick and Mortar
    94254455Washington Street Office900 Washington Street, Eden, NC 27288August 19, 1999Full Service Brick and Mortar
    95357417Adams Farm Branch5715 High Point Road, Greensboro, NC 27407March 17, 2000Full Service Brick and Mortar
    96357418Stoneville Branch107 South Henry Street, Stoneville, NC 27048October 01, 1999Full Service Brick and Mortar
    97361485Wendover Branch4004 West Wendover Avenue, Greensboro, NC 27407August 01, 2000Full Service Brick and Mortar
    104430667N. Fayetteville Street Branch1425 North Fayetteville Street, Asheboro, NC 27203April 02, 2004Full Service Brick and Mortar
  • 88 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0457578Carter Bank & Trust4 East Commonwealth Boulevard, Martinsville, VA 24112December 30, 2006Full Service Brick and Mortar
    115578Peoples National Bank Branch141 Westover Drive, Danville, VA 24541November 29, 1976Full Service Brick and Mortar
    2254464Downtown Branch110 South Market Street, Danville, VA 24541Febuary 05, 1979Full Service Brick and Mortar
    3254465Chatham Branch140 South Main Street, Chatham, VA 24531April 30, 1982Full Service Brick and Mortar
    4254466North Danville Branch3060 North Main Street, Danville, VA 24540July 20, 1984Full Service Brick and Mortar
    525446758 East Branch140 Kentuck Road, Danville, VA 24540May 30, 1986Full Service Brick and Mortar
    6254471Blairs Branch5406 U.S. Highway 29 North, Blairs, VA 24527August 22, 1997Full Service Brick and Mortar
    7254472South Main Branch903 South Main Street, Danville, VA 24541April 24, 1998Full Service Brick and Mortar
    2116818Blue Ridge Bank, Na Branch213 North Locust Street, Floyd, VA 24091November 19, 1982Full Service Brick and Mortar
    22212444Christiansburg Branch200 College Street, N.W., Christiansburg, VA 24073March 01, 1984Full Service Brick and Mortar
    23256965Radford Branch1900 East Main Street, Radford, VA 24141January 29, 1988Full Service Brick and Mortar
    24256966Blacksburg Branch105 King Street, Blacksburg, VA 24060November 09, 1990Full Service Brick and Mortar
    25256967Midway Branch18 Midway Street, Bristol, VA 24201September 05, 1997Full Service Brick and Mortar
    26256968Wytheville Branch325 East Spring Street, Wytheville, VA 24382October 24, 1997Full Service Brick and Mortar
    27256971St Paul Branch3052 Fourth Avenue, Saint Paul, VA 24283October 02, 1998Full Service Brick and Mortar
    28256972Lebanon Branch82 E Main St, Lebanon, VA 24266October 02, 1998Full Service Brick and Mortar
    29361491Market Place Branch370 Arbor Drive, Christiansburg, VA 24073Febuary 02, 2001Full Service Brick and Mortar
    30430673West Main Branch238 West Main Street, Abingdon, VA 24210November 03, 2003Full Service Brick and Mortar
    31430674Pulaski Branch998 Memorial Drive, Pulaski, VA 24301April 20, 2004Full Service Brick and Mortar
    32443301Cedar Bluff Branch1082 Cedar Valley Drive, Cedar Bluff, VA 24609June 13, 2005Full Service Brick and Mortar
    33443302Tazewell Branch901 East Fincastle Turnpike, Tazewell, VA 24651June 13, 2005Full Service Brick and Mortar
    34443944Camp Comfort Branch27255 Lee Highway, Abingdon, VA 24211Febuary 14, 2005Full Service Brick and Mortar
    3556858Central National Bank Branch2018 Tate Springs Road, Lynchburg, VA 24501July 01, 1996Full Service Brick and Mortar
    36290459Waterlick Road Branch3203 Waterlick Road, Lynchburg, VA 24502March 28, 1997Full Service Brick and Mortar
    37290461Graves Mill Branch1728 Graves Mill Road, Lynchburg, VA 24502September 24, 1999Full Service Brick and Mortar
    38290462Campbell Avenue Office3515 Campbell Avenue, Lynchburg, VA 24501January 21, 2000Full Service Brick and Mortar
    39365216Madison Heights Branch4498 South Amherst Highway, Madison Heights, VA 24572March 22, 2002Full Service Brick and Mortar
    40426586Amherst Branch221 Ambriar Plaza, Amherst, VA 24521December 15, 2003Full Service Brick and Mortar
    4133044Community National Bank222 Main Street, South Boston, VA 24592October 11, 1985Full Service Brick and Mortar
    42259407Chase City Branch749 East 2nd Street, Chase City, VA 23924September 30, 1988Full Service Brick and Mortar
    43259408Clarksville Branch1002 Virginia Avenue, Clarksville, VA 23927April 04, 1991Full Service Brick and Mortar
    44259409Centerville Branch4013 Halifax Road, South Boston, VA 24592August 28, 1992Full Service Brick and Mortar
    48259413South Hill Branch302 East Atlantic Street, South Hill, VA 23970December 03, 1999Full Service Brick and Mortar
    50430675Emporia Branch701 North Main Street, Emporia, VA 23847April 02, 2004Full Service Brick and Mortar
    5115142First National Bank Branch400 Franklin Street, Rocky Mount, VA 24151December 13, 1974Full Service Brick and Mortar
    52253623Boones Mill Branch50 Boones Mill Road, Boones Mill, VA 24065Febuary 28, 1980Full Service Brick and Mortar
    53253624Gretna Branch307 South Main Street, Gretna, VA 24557July 29, 1983Full Service Brick and Mortar
    54253628Ferrum Branch9440 Franklin Street, Ferrum, VA 24088August 01, 1997Full Service Brick and Mortar
    55253629Westlake Branch135 Scruggs Road, Moneta, VA 24121June 05, 1998Full Service Brick and Mortar
    6361022First National Exchange Bank Branch1722 Hershberger Road, Roanoke, VA 24012May 01, 1998Full Service Brick and Mortar
    644626New Castle Branch181 Main Street, New Castle, VA 24127June 01, 1917Full Service Brick and Mortar
    65253625Bedford Branch550 Blue Ridge Avenue, Bedford, VA 24523May 05, 1989Full Service Brick and Mortar
    66253627Peters Creek Road Branch2657 Peters Creek Road, N.W., Roanoke, VA 24017March 28, 1997Full Service Brick and Mortar
    67290760Cave Spring Branch3132 Electric Road, S.W., Roanoke, VA 24018November 13, 1998Full Service Brick and Mortar
    68290761Southeast Branch616 9th Street, Se, Roanoke, VA 24013November 13, 1998Full Service Brick and Mortar
    69290763Vinton Branch1111 E Washington Ave, Vinton, VA 24179December 04, 1998Full Service Brick and Mortar
    70290764Blue Ridge Branch721 Blue Ridge Boulevard, Roanoke, VA 24012January 29, 1999Full Service Brick and Mortar
    71361500Moneta Branch8334 Moneta Road, Bedford, VA 24523Febuary 02, 2001Full Service Brick and Mortar
    72361501Forest Road Branch1621 Forest Road, Bedford, VA 24523Febuary 02, 2001Full Service Brick and Mortar
    73361502Franklin Road Branch4143 Franklin Rd Sw, Roanoke, VA 24018March 30, 2001Full Service Brick and Mortar
    74361503Troutville Branch2728 Lee Highway South, Troutville, VA 24175March 30, 2001Full Service Brick and Mortar
    75363382Electric Road Branch1400 Electric Road, Salem, VA 24153March 01, 2002Full Service Brick and Mortar
    76365218Plantation Road Office Branch4806 Hollins Rd Nw, Roanoke, VA 24019October 09, 2001Full Service Brick and Mortar
    77443312Hot Springs Branch9008 Sam Snead Hwy, Hot Springs, VA 24445Febuary 01, 2005Full Service Brick and Mortar
    7856856Mountain National Bank Branch543 East Stuart Drive, Galax, VA 24333July 01, 1996Full Service Brick and Mortar
    80254446Hillsville Branch220 Main Street, Hillsville, VA 24343April 23, 1984Full Service Brick and Mortar
    84365203Independence Office Branch449 E. Main Street, Independence, VA 24348March 29, 2002Full Service Brick and Mortar
    8615566Patrick Henry National Bank Branch2770 Riverside Drive, Bassett, VA 24055October 29, 1976Full Service Brick and Mortar
    88254444Stuart Branch125 East Blue Ridge Street, Stuart, VA 24171August 26, 1983Full Service Brick and Mortar
    89254448220 South Branch140 Tensbury Drive, Martinsville, VA 24112Febuary 12, 1988Full Service Brick and Mortar
    90254449Collinsville Branch128 Paul Street, Collinsville, VA 24078November 28, 1986Full Service Brick and Mortar
    98361486Laurel Park Branch6142 A L Philpott Highway, Martinsville, VA 24112May 29, 2001Full Service Brick and Mortar
    99364640Horsepasture Office166 Horsepasture Price Road, Ridgeway, VA 24148April 12, 2002Full Service Brick and Mortar
    100424758Oak Level11020 Virginia Avenue, Bassett, VA 24055January 05, 2004Full Service Brick and Mortar
    101426587Woolwine9747 Woolwine Highway, Woolwine, VA 24185December 15, 2003Full Service Brick and Mortar
    102430665Ararat Branch4952 Ararat Highway, Ararat, VA 24053Febuary 23, 2004Full Service Brick and Mortar
    103430666Fieldale Branch4259 Appalachian Drive, Fieldale, VA 24089Febuary 23, 2004Full Service Brick and Mortar
    10556859Patriot Bank National Association Br1204 Bragg Road, Fredericksburg, VA 22407July 01, 1996Full Service Brick and Mortar
    10614559Falmouth Branch175 Warrenton Road, Falmouth, VA 22405April 28, 1973Full Service Brick and Mortar
    107252165Stafford Branch2155 Jefferson Davis Highway, Stafford, VA 22554Febuary 23, 1980Full Service Brick and Mortar
    108254468Route 208 Branch10407 Courthouse Road, Spotsylvania, VA 22553January 25, 1988Full Service Brick and Mortar
    109290463Lake Ridge Branch12791 Harbor Drive, Lake Ridge, VA 22192August 26, 1996Full Service Brick and Mortar
    111334381Route 610 Office55 Worth Avenue, Stafford, VA 22554May 12, 2000Full Service Brick and Mortar
    112334420Sudley Road Branch8402 Sudley Road, Manassas, VA 20109April 28, 2000Full Service Brick and Mortar
    113356919Nokesville Branch12912 Fitzwater Drive, Nokesville, VA 20182June 02, 2000Full Service Brick and Mortar
    114357415Chatham Heights Branch70 Chatham Heights Road, Fredericksburg, VA 22405June 09, 2000Full Service Brick and Mortar
    115430678Gardens Boulevard Branch800 Gardens Boulevard, Charlottesville, VA 22901March 15, 2004Full Service Brick and Mortar
    1164306795th Street Branch1113 5th St Sw, Charlottesville, VA 22902April 02, 2004Full Service Brick and Mortar
    117437062Ivy Branch4430 Ivy Road, Charlottesville, VA 22903November 29, 2004Full Service Brick and Mortar
    11856857Shenandoah National Bank Branch478 Frontier Drive, Staunton, VA 24401July 01, 1996Full Service Brick and Mortar
    119212432Lexington Branch116 East Midland Trail, Lexington, VA 24450April 22, 1965Full Service Brick and Mortar
    120254451West Main Branch2701 West Main Street, Waynesboro, VA 22980April 29, 1994Full Service Brick and Mortar
    121290456North Mason Street Branch75 North Mason Street, Harrisonburg, VA 22802September 17, 1999Full Service Brick and Mortar
    122290458Weyers Cave Branch81 Franklin Street, Weyers Cave, VA 24486January 28, 2000Full Service Brick and Mortar
    123361497Stuarts Draft Branch2782 Stuarts Draft Highway, Stuarts Draft, VA 24477Febuary 02, 2001Full Service Brick and Mortar
    124436711South Main2169 South Main Street, Harrisonburg, VA 22801November 15, 2004Full Service Brick and Mortar
    125445566Bridgewater Branch317 North Main Street, Bridgewater, VA 22812July 11, 2005Full Service Brick and Mortar
    126467282Culpeper Branch806 Nottingham Street, Culpeper, VA 22701May 16, 2007Full Service Brick and Mortar

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