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Q2 2026 · read from the 30 June 2026 Call Report · United States · Southeast · Virginia, the state note

Carter Bank & Trust

Martinsville, Virginia · $4.80B in assets · beside the 11 other the Southeast banks between $3B and $10B (the state alone holds too few in the band to rank)

The filing

65.9%
CRE / loans
12th of 12
3.60%
ROA
1st of 12
38.6%
Efficiency
1st of 12

Carter Bank & Trust is the third largest of the 12 the Southeast banks nearest its size between $3B and $10B, with $4.80B in assets at 30 June 2026. Loans are 89.0% of deposits, 6th of 12 against a median of 92.1%, and equity is 11.3% of assets, 6th of 12. Loans grew -0.3% in the year, 9th of 12, and deposits fell 0.8%; the cohort's median loan growth is +6.0%.

Noncurrent loans are 1.01% of the book, 8th of 12 against a median of 0.47%; 0.07% is 30 to 89 days past due, and the allowance covers them 1.5 times. Commercial real estate is 65.9% of loans, the highest in the cohort against a median of 28.8%, and 395% of capital, above the 300% screen, with construction at 79% against the 100% screen.

Return on assets is 3.60%, the highest in the cohort against a median of 1.43%, on an efficiency ratio of 38.6%, the lowest in the cohort. Five years ago it was 0.78%. The question is what the concentration does under a commercial real estate stress, and how much of it is owner-occupied (owner-occupied nonresidential is 4.6% of loans).

Commercial real estate, share of loansSoutheast banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 28.8% FF First Federal Bank 17.1% MC Metro City Bank 19.7% PB Primis Bank 22.0% CC Capital City Bank 22.9% SB Southern Bank & Trust Co. 24.9% SF Southern First Bank 27.0% EB Emigrant Bank 30.6% FB First Bank & Trust Co. 30.8% HB Hometrust Bank 37.2% VB Vallant Bank 37.6% FB Fidelity Bank 40.4% CB Carter Bank & Trust 65.9%
Loans, year over yearSoutheast banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +6.0% VB Vallant Bank +84.1% MC Metro City Bank +26.6% PB Primis Bank +13.6% SB Southern Bank & Trust Co. +8.4% SF Southern First Bank +7.5% FB First Bank & Trust Co. +6.1% FB Fidelity Bank +5.9% FF First Federal Bank +4.6% CB Carter Bank & Trust -0.3% HB Hometrust Bank -2.6% EB Emigrant Bank -3.8% CC Capital City Bank -4.4%

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Carter Bank & TrustRankCohort median
Total CRE against capital, the 300% screen395%12th of 12197%
Construction against capital, the 100% screen79%9th of 1251%
Construction and land development, share of loans13.1%11th of 127.7%
Non-owner-occupied nonfarm nonresidential, share of loans42.2%12th of 1217.4%
Total CRE, the guidance definition, share of loans65.9%12th of 1228.8%
CRE growth over 36 months, the third prong+14.3%8th of 12+4.5%
Commercial real estate against capital, the 300% screenSoutheast banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 197% FF First Federal Bank 49% EB Emigrant Bank 100% CC Capital City Bank 122% MC Metro City Bank 148% SB Southern Bank & Trust Co. 158% PB Primis Bank 188% FB Fidelity Bank 206% HB Hometrust Bank 235% SF Southern First Bank 236% FB First Bank & Trust Co. 240% VB Vallant Bank 264% CB Carter Bank & Trust 395%
CRE growth over 36 months, the guidance's third prongSoutheast banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median +4.5% CC Capital City Bank -23.7% EB Emigrant Bank -21.9% PB Primis Bank -10.0% HB Hometrust Bank -4.3% SB Southern Bank & Trust Co. -2.0% FF First Federal Bank +4.0% SF Southern First Bank +4.9% CB Carter Bank & Trust +14.3% FB First Bank & Trust Co. +21.7% FB Fidelity Bank +24.1% VB Vallant Bank +127.5% MC Metro City Bank +662.7%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Emigrant Bank$5.68B0.6%79.9%4.77%0.68%2.0%95.1%21.4%
Southern Bank & Trust Co.$5.30B1.3%52.6%0.12%0.00%1.0%74.7%8.2%
Carter Bank & Trust$4.80B3.6%38.6%1.01%-0.83%1.5%89.0%11.3%
Southern First Bank$4.70B0.9%57.4%0.28%0.01%1.1%100.9%8.7%
Fidelity Bank$4.66B1.7%51.5%0.42%0.06%1.3%70.1%10.0%
First Federal Bank$4.49B1.2%66.7%2.96%0.11%0.8%41.7%10.4%
Metro City Bank$4.47B2.0%41.0%0.44%0.01%0.7%112.3%11.5%
Capital City Bank$4.45B1.5%64.8%0.40%0.12%1.2%66.4%11.9%
Hometrust Bank$4.44B1.6%60.0%1.40%0.20%1.1%103.6%13.2%
Primis Bank$4.34B1.0%68.0%1.83%0.37%1.2%107.0%11.0%
First Bank & Trust Co.$4.28B1.8%40.0%0.28%0.22%1.3%95.2%9.9%
Vallant Bank$3.99B1.2%68.7%0.51%0.06%1.3%86.3%12.3%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Carter Bank & TrustCohort median
20212026Change20212026Change
Loans$2.93B$3.74B+28%$2.19B$3.67B+67%
Deposits$3.66B$4.20B+15%$2.88B$3.82B+33%
NPA / loans0.33%1.01%+0.68 pts0.33%0.47%+0.14 pts
Efficiency76.6%38.6%-37.9 pts61.7%58.7%-3.0 pts
ROA0.78%3.60%+2.83 pts1.31%1.43%+0.12 pts

This read was prepared for Carter Bank & Trust's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Carter Bank & Trust is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort Southeast banks $3B to $10B
Institution www.carterbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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