Carter Bank & Trust
Major Rating Factors:
A current level of 7.5 percent of nonperforming loans to core capital combined with 53.9 percent from a year earlier contributes to the Weak asset quality (2.6). Operating profits as a percentage of assets at 4.6%, coupled with a return on assets of 3.6 has resulted in Good (6.4) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 15.6 and a capital leverage ratio of 11.7. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.1 on a scale of 0 to 10).
Asset Mix:
Comm re (36%), home mtgs (16%), securities (13%), cash (6%), comm loans (4%), home eq lns (1%), consumer loans (1%), other (23%)
States with Branches:
NC, VA
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Carter Bankshares, Inc.
Investment Rating
Address
1300 Kings Mountain Road
Martinsville, VA 24112
Martinsville, VA 24112
Phone Number
(276) 656-1776
Year Founded
2006
FDIC Number
Website
Largest Affiliates
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