Carter Bank & Trust is a state-chartered bank (fed member) headquartered in Martinsville, Virginia, in business for about 20 years. At the end of Q2 2026 it reported $4.8B in total assets and $4.2B in deposits, with 66 offices across 2 states.
Carter Bank & Trust has a TellerScore of 76 out of 100 (strong) based on Q2 2026 data — higher than 80% of its 897 banks with $1 billion – $10 billion. Among 56 banks headquartered in Virginia, it ranks 17th. Earnings contributes the most (100/100, 3.66%); loan quality contributes the least (66/100, 1.01%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 43 points (33 → 76), mostly because the problem-loan coverage component improved by 86 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 32 |
| Q3 2024 | 33 |
| Q4 2024 | 33 |
| Q1 2025 | 35 |
| Q2 2025 | 33 |
| Q3 2025 | 32 |
| Q4 2025 | 32 |
| Q1 2026 | 77 |
| Q2 2026 | 76 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 9.35% |
| Q3 2024 | 9.45% |
| Q4 2024 | 9.42% |
| Q1 2025 | 9.53% |
| Q2 2025 | 9.25% |
| Q3 2025 | 9.24% |
| Q4 2025 | 9.01% |
| Q1 2026 | 10.68% |
| Q2 2026 | 11.73% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 8.46% |
| Q3 2024 | 8.00% |
| Q4 2024 | 7.15% |
| Q1 2025 | 7.09% |
| Q2 2025 | 6.69% |
| Q3 2025 | 6.74% |
| Q4 2025 | 6.29% |
| Q1 2026 | 0.64% |
| Q2 2026 | 1.01% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.52% |
| Q3 2024 | 0.53% |
| Q4 2024 | 0.59% |
| Q1 2025 | 0.82% |
| Q2 2025 | 0.80% |
| Q3 2025 | 0.70% |
| Q4 2025 | 0.72% |
| Q1 2026 | 7.13% |
| Q2 2026 | 3.66% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 76 | $4.8B | 11.73% | 1.01% | 3.66% | 87.7% |
| Q1 2026 | 77 | $4.8B | 10.68% | 0.64% | 7.13% | 86.8% |
| Q4 2025 | 32 | $4.8B | 9.01% | 6.29% | 0.72% | 90.4% |
| Q3 2025 | 32 | $4.8B | 9.24% | 6.74% | 0.70% | 89.2% |
| Q2 2025 | 33 | $4.8B | 9.25% | 6.69% | 0.80% | 86.9% |
| Q1 2025 | 35 | $4.7B | 9.53% | 7.09% | 0.82% | 86.0% |
| Q4 2024 | 33 | $4.7B | 9.42% | 7.15% | 0.59% | 85.4% |
| Q3 2024 | 33 | $4.6B | 9.45% | 8.00% | 0.53% | 86.1% |
| Q2 2024 | 32 | $4.5B | 9.35% | 8.46% | 0.52% | 88.9% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Virginia
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Primis BankBank Tappahannock, VA | 50 out of 100, Below average | $4.3B | 9.5% | 1.83% | vs |
| The First Bank and Trust CompanyBank Lebanon, VA | 72 out of 100, Strong | $4.3B | 10.1% | 0.28% | vs |
| First Community BankBank Bluefield, VA | 75 out of 100, Strong | $3.6B | 10.2% | 0.70% | vs |
| Citizens and Farmers BankBank West Point, VA | 75 out of 100, Strong | $2.8B | 11.2% | 0.09% | vs |
| John Marshall BankBank Reston, VA | 76 out of 100, Strong | $2.4B | 12.9% | 0.01% | vs |
| FVCbankBank Fairfax, VA | 73 out of 100, Strong | $2.4B | 12.9% | 0.59% | vs |
Deposit insurance
Is my money safe at Carter Bank & Trust?
Yes. Carter Bank & Trust is an FDIC-insured institution (FDIC certificate #58596). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 17.7% of deposits ($743.4M) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 11.73%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 15.60% (benchmark: 10%).
66 locations
Branches
Carter Bank & Trust lists 66 offices in 47 cities across 2 states. Most locations:
- Danville, VA (4)
- Charlottesville, VA (3)
- Greensboro, NC (3)
- Lynchburg, VA (3)
- Martinsville, VA (3)
- Roanoke, VA (3)
- Bedford, VA (2)
- Christiansburg, VA (2)
- Fredericksburg, VA (2)
- Mooresville, NC (2)
- South Boston, VA (2)
- Winston Salem, NC (2)
HMDA 2025
Mortgage lending
In 2025, Carter Bank & Trust reported 517 home-loan applications under HMDA (LEI 549300SO0M022D8D8358): 345 originated ($295,645,000 total), 138 denied, and 24 withdrawn or closed by the applicant. Its denial rate on decided applications was 28.0%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Carter Bank & Trust
- Type
- State-chartered bank (Fed member)
- FDIC certificate #
- 58596
- RSSD ID
- 3476192
- Primary regulator
- FED
- Holding company
- Carter Bankshares Inc
- Established
- December 30, 2006
- Headquarters
- 4 Commonwealth Blvd E, Martinsville, VA 24112
- Website
- www.carterbank.com
- Employees
- 709
Quick answers
Carter Bank & Trust: common questions
Is Carter Bank & Trust FDIC insured?
Yes. Carter Bank & Trust is an FDIC-insured institution (FDIC certificate #58596). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Carter Bank & Trust's TellerScore?
76 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Carter Bank & Trust ever failed?
There is no failure record for FDIC certificate #58596 in the FDIC failed bank list.
How many branches does Carter Bank & Trust have?
66 offices as of the latest FDIC data, in 2 states.
Nearby
Highest-scoring banks and credit unions with branches near Martinsville
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Martinsville First Savings BankBank Martinsville, VA | 80 out of 100, Strong | $32.1M | 20.5% | 0.65% | vs |
| The Fidelity BankBank Fuquay Varina, NC | 78 out of 100, Strong | $4.7B | 11.5% | 0.42% | vs |
| First Community BankBank Bluefield, VA | 75 out of 100, Strong | $3.6B | 10.2% | 0.70% | vs |
| First BankBank Southern Pines, NC | 74 out of 100, Strong | $13.0B | 11.5% | 0.49% | vs |
| Beacon Credit Union, IncorporatedCredit union Lynchburg, VA | 74 out of 100, Strong | $391.6M | 11.6% | 0.24% | vs |
| Atlantic Union BankBank Richmond City, VA | 73 out of 100, Strong | $38.0B | 11.4% | 0.50% | vs |