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Carter Bank & Trust

Martinsville, VA · Cert 58596 · Carter Bankshares Inc.

State charter, Fed member · FED · 66 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating regionally (n=178). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

74

Q2 2024Q2 2026peer median (50)

Asset Quality

53

Q2 2024Q2 2026peer median (50)

Profitability

72

Q2 2024Q2 2026peer median (50)

Liquidity

95

Q2 2024Q2 2026peer median

Efficiency

97

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Carter Bank & Trust

Martinsville, VA · Cert 58596 · Carter Bankshares Inc.

State charter, Fed member · FED · 66 branches

Q2 2026

$4.8BAssets
$3.7BLoans
$4.2BDeposits
$541.9MEquity
Loan mix
95%RE $3.5B4%C&I $0.2B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
95%Interest-bearing $4.0B5%Noninterest $0.2BQ2 2025Q2 2026

NIM

4.72%Q2 ’244.73%Q2 ’254.94%Q2 ’26+6%+20%

Non-interest income vs. expense

2.31%Q2 ’242.33%Q2 ’252.37%Q2 ’26+1%-136%

Market Position · Roanoke, VA · 2026 SOD (annual) · 6.1% share · #6 of 17 inst. · $0.6B of $9.2B

28.0% Franklin
36.2% Martinsville (City)
67.8% Henry
2.3% Guilford

Executive Summary

  • Earnings: ROA of 3.66%, up 286 bps year over year; NIM at 3.11%.
  • Asset quality: problem loans at 1.01% of loans (-568 bps YoY), with net recoveries of 0.83%.
  • Capital: tier 1 leverage ratio of 11.73%, up 248 bps from a year ago.
  • Funding: loans stand at 88.98% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

3.66%+286 bps YoY

Net Interest Margin (YTD, annualized)

3.11%+51 bps YoY

Efficiency Ratio (YTD, annualized)

38.54%-3,654 bps YoY

Tier 1 Leverage Ratio

11.73%+248 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.80%0.70%0.72%7.13%3.66%+286 bps
Return on Equity9.69%8.48%8.70%77.85%37.13%+2,744 bps
Net Interest Margin2.60%2.65%2.69%2.94%3.11%+51 bps
Efficiency Ratio75.08%73.80%74.58%28.28%38.54%-3,654 bps
Non-Interest Burden1.83%1.83%1.89%-3.24%-0.66%-249 bps
Growth
Asset Growth (YoY)5.55%4.92%3.83%1.81%0.35%-520 bps
Loan Growth (YoY)5.57%6.67%7.04%1.12%-0.33%-590 bps
Deposit Growth (YoY)8.96%3.20%1.41%0.84%-0.76%-971 bps
Asset Quality
Nonperforming Loans / Loans6.69%6.74%6.29%0.64%1.01%-568 bps
Net Charge-Offs / Loans0.01%0.01%0.01%-1.60%-0.83%-85 bps
Allowance / Loans1.90%1.92%1.84%1.41%1.48%-42 bps
Allowance Coverage of NPLs0.3x0.3x0.3x2.2x1.5x+1.2x
Capital
Tier 1 Leverage Ratio9.25%9.24%9.01%10.68%11.73%+248 bps
Total Risk-Based Capital11.87%11.72%11.49%14.28%15.60%+373 bps
Equity / Assets8.26%8.36%8.23%10.09%11.30%+304 bps
Liquidity & Funding
Loans / Deposits88.60%91.00%92.11%88.00%88.98%+38 bps
Liquid Assets / Assets1.09%1.33%1.41%4.00%4.84%+376 bps
CRE / Total Capitaln/a596%621%505%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-10

Carter Bank & Trust

Martinsville, VA · Cert 58596 · Peer group: banks $1B-$10B in assets operating regionally (n=178) · Carter Bankshares Inc.

State charter, Fed member · FED · 66 branches

Q2 2026

$4.8BAssets
$3.7BLoans
$4.2BDeposits
$541.9MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 99% of banks $1B-$10B in assets operating regionally (rank 2 of 178).
  • Widest gap: net interest margin trails 83% of banks $1B-$10B in assets operating regionally (rank 148 of 178).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

3.67%

Rank 2 of 178

Net Interest Margin

3.11%

Rank 148 of 178

Efficiency Ratio

38.63%

Rank 6 of 178

Equity / Assets

11.30%

Rank 58 of 178

Non-interest income vs. expense

$147.8M$115.7MINCOMEEXPENSE
Favorable gap of $32.1M · efficiency ratio beats 97% of banks $1B-$10B in assets operating regionally
Bank 38.63%Peer median 58.9%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets3.67%0.91%1.25%1.53%Beats 99%2 / 178
Return on Equity32.47%9.18%11.89%14.44%Beats 99%2 / 178
Net Interest Margin3.11%3.22%3.56%3.91%Beats 17%148 / 178
Efficiency Ratio38.63%52.04%58.90%67.10%Beats 97%6 / 178
Asset Quality
Nonperforming Loans / Loans1.01%0.29%0.60%1.26%Beats 31%124 / 178
Net Charge-Offs / Loans0.01%0.01%0.03%0.10%Beats 74%48 / 178
Capital
Tier 1 Capital Ratio14.34%11.19%12.72%14.14%Beats 76%42 / 178
Total Risk-Based Capital Ratio15.60%11.91%13.63%15.33%Beats 78%40 / 178
Equity / Assets11.30%9.12%10.35%11.80%Beats 67%58 / 178
Liquidity & Funding
Loans / Deposits88.98%80.94%89.92%97.12%45th pctl98 / 178
Loans / Assets77.86%69.25%75.52%80.96%60th pctl71 / 178
Brokered Deposits / Depositsn/aNot reported for this institution