For the year ending 2025-12-31, CARE had -$26,008K decrease in cash & cash equivalents over the period. $31,807K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Income before income taxes | 40,001 |
| Income tax benefit | 8,639 |
| Net income | 31,362 |
| (recovery) provision for credit losses, including (recovery) provision for unfunded commitments | -3,831 |
| Origination of loans held-for-sale | 29,524 |
| Proceeds from loans held-for-sale | 29,342 |
| Depreciation/amortization of bank premises and equipment | 7,859 |
| Provision for deferred taxes | 2,171 |
| Net amortization of securities | -3,172 |
| Tax credit amortization | 649 |
| Gains on sales of loans held-for-sale | 157 |
| (gains) losses on sales of securities, net | 46 |
| Unrealized gain on equity securities | 250 |
| Commercial loan swap derivative loss | -107 |
| Increase in the value of life insurance contracts | 1,511 |
| Gain on bank owned life insurance death benefit | 1,882 |
| 1035 exchange fee on bank owned life insurance | 660 |
| Balance sheet hedge fair value adjustment | -140 |
| Recognition of restricted stock compensation expense | 2,071 |
| Decrease (increase) in other assets | -1,859 |
| (decrease) increase in other liabilities | -2,329 |
| Net cash provided by operating activities | 39,862 |
| Proceeds from sales | 19,010 |
| Proceeds from maturities, redemptions, and paydowns | 96,923 |
| Purchases | 63,684 |
| Purchase of equity securities | 0 |
| Purchase of bank premises and equipment, net | 8,055 |
| Net cash acquired from branch purchase | -53,573 |
| (purchase) redemption of other restricted stock, net | 10,343 |
| Loan originations, net | 255,303 |
| Proceeds from death benefit on bank owned life insurance | 3,077 |
| Proceeds from surrender of boli policies | 7,273 |
| Proceeds from sales and payments of other real estate owned | 1,618 |
| Net cash used in investing activities | -155,911 |
| Net change in demand, money markets and savings accounts | 29,811 |
| (decrease) increase in certificates of deposits | -28,270 |
| Proceeds from federal home loan bank borrowings | 610,000 |
| Repayments on federal home loan bank borrowings | 501,500 |
| Repayments from federal funds purchased, net | 0 |
| Repurchase of common stock | 20,000 |
| Net cash provided by financing activities | 90,041 |
| Net (decrease) increase in cash and cash equivalents | -26,008 |
| Cash and cash equivalents at beginning of period | 131,171 |
| Cash and cash equivalents at end of period | 105,163 |
Carter Bankshares, Inc. (CARE)
Carter Bankshares, Inc. (CARE)