Applications / Mortgage Analytics / Lenders / Virginia / Carter Bank & Trust
Martinsville, VA · State member bank · FRS · $4.8 billion assets · 345 loans in 2025
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345
loans originated, 2025
523
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Carter Bank & Trust lent $295.6 million in 2025, far more than similar banks, yet its typical loan was smaller than theirs, so a few large loans may make up much of its total.
Its total was higher than at about nine in ten similar lenders (state member banks making between half and twice as many loans), whose typical total was $86.9 million. Yet its typical loan, $155,000, was lower than at about three-quarters of them. Jumbo loans (larger than the conforming limit) were 6.0% of its loans, against 1.7%.
It entered State College, PA in 2025 and ranked 9 of 192 lenders there, with 2.9% of the market. In Fayetteville, NC its share rose from 0.0% to 0.9%. A handful of large loans could produce shares like these. Its loans rose 13%, from 304 to 345, against 6% at similar lenders.
It bought 129 loans from other lenders in 2025, up from 22 in 2024. In 2020 it bought 225. The typical similar lender bought none.
Of its loans, 19.5% were in low- and moderate-income (LMI) areas, against 16.3% at similar lenders. Majority-minority areas took 13.6%, against 6.6%. Both shares were higher than at about two-thirds of similar lenders.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Carter Bank & Trust took 523 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 31.0% · Home improvement 28.1% · Other 22.9% · Refinance 18.0%
Conventional 100.0% · of 345 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Virginia | 210 | 60.9% |
| North Carolina | 124 | 35.9% |
| South Carolina | 6 | 1.7% |
| West Virginia | 3 | 0.9% |
| Florida | 1 | 0.3% |
| Pennsylvania | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Charlotte-Concord-Gastonia | 49 |
| Roanoke | 38 |
| Arlington-Alexandria-Reston | 23 |
| Greensboro-High Point | 17 |
| Lynchburg | 17 |
| Raleigh-Cary | 17 |
| Charlottesville | 16 |
| Blacksburg-Christiansburg-Radford | 15 |
| Winston-Salem | 11 |
| Richmond | 5 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300SO0M022D8D8358 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3476192 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 358596 | 2007–2017 |
Established 30 December 2006. Reported under HMDA 2007-2025.
Mergers, name changes, data editions and corrections: Carter Bank & Trust's data.
Carter Bank & Trust's data
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Carter Bank & Trust and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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