For the quarter ending 2025-09-30, CARE had $7,043K increase in cash & cash equivalents over the period. $10,276K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 5,419 | 17,463 |
| Recovery for credit losses, including recovery for unfunded commitments | 3,231 | -4,804 |
| Origination of loans held-for-sale | 3,144 | 7,877 |
| Proceeds from loans held-for-sale | 2,951 | 7,711 |
| Depreciation/amortization of bank premises and equipment | 1,965 | 3,850 |
| Provision for deferred taxes | -652 | 1,628 |
| Net amortization of securities | -784 | -1,707 |
| Tax credit amortization | 162 | 325 |
| Gains on sales of loans held-for-sale | 39 | 80 |
| Gains on sales of securities, net | 0 | 0 |
| Unrealized gain on equity securities | 69 | 159 |
| Commercial loan swap derivative loss | -11 | -96 |
| Increase in the value of life insurance contracts | 357 | 698 |
| Gain on bank owned life insurance death benefit | 0 | 1,882 |
| 1035 exchange fee on bank owned life insurance | 0 | 527 |
| Balance sheet hedge fair value adjustment | 0 | -140 |
| Recognition of restricted stock compensation expense | 539 | 1,010 |
| Decrease in other assets | -1,827 | -734 |
| Decrease in other liabilities | -813 | -3,716 |
| Net cash provided by operating activities | 11,815 | 15,975 |
| Proceeds from sales | 0 | 0 |
| Proceeds from maturities, redemptions, and paydowns | 39,800 | 30,445 |
| Purchases | 5,307 | 53,317 |
| Proceeds from death benefit on bank owned life insurance | - | 3,077 |
| Purchase of equity securities | 0 | 0 |
| Purchase of bank premises and equipment, net | 1,539 | 3,440 |
| Net cash acquired from branch purchase | 0 | -53,573 |
| (purchase) redemption of federal home loan bank stock, net | 2,945 | 2,166 |
| Loan originations, net | 88,164 | 123,139 |
| 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 | 906 | 473 |
| Net cash used in investing activities | -49,976 | -94,494 |
| Net change in demand, money markets and savings accounts | -24,832 | 49,649 |
| (decrease) increase in certificates of deposits | 12,940 | -36,758 |
| Proceeds from federal home loan bank borrowings | 217,000 | 245,000 |
| Repayments on federal home loan bank borrowings | 155,000 | 201,500 |
| Repurchase of common stock | 4,904 | 9,138 |
| Net cash provided by financing activities | 45,204 | 47,253 |
| Net (decrease) increase in cash and cash equivalents | 7,043 | -31,266 |
| Cash and cash equivalents at beginning of period | 131,171 | - |
| Cash and cash equivalents at end of period | 106,948 | - |
Carter Bankshares, Inc. (CARE)
Carter Bankshares, Inc. (CARE)