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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