| Income Statement | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Taxable | 51,018,000 | 49,522,000 | ||
| Non-taxable | 550,000 | 579,000 | ||
| Taxable | 6,672,000 | 6,796,000 | ||
| Non-taxable | 66,000 | 67,000 | ||
| Federal reserve bank excess reserves | 659,000 | 578,000 | ||
| Interest on bank deposits | 61,000 | 65,000 | ||
| Dividend income | 144,000 | 140,000 | ||
| Total interest income | 59,170,000 | 57,747,000 | ||
| Interest expense on deposits | 24,025,000 | 24,059,000 | ||
| Interest on other borrowings | 1,426,000 | 1,329,000 | ||
| Total interest expense | 25,451,000 | 25,388,000 | ||
| Net interest income | 33,719,000 | 32,359,000 | ||
| Provision (recovery) for credit losses | 2,896,000 | -2,330,000 | ||
| Provision (recovery) for unfunded commitments | 335,000 | -335,000 | ||
| Net interest income after provision (recovery) for credit losses | 30,488,000 | 35,024,000 | ||
| Gains on sales of securities, net | 0 | 0 | ||
| Service charges, commissions and fees | 1,860,000 | 1,765,000 | ||
| Debit card interchange fees | 1,942,000 | 1,942,000 | ||
| Insurance commissions | 1,004,000 | 714,000 | ||
| Bank owned life insurance income | 357,000 | 357,000 | ||
| Other | 207,000 | 130,000 | ||
| Total noninterest income | 5,370,000 | 4,908,000 | ||
| Salaries and employee benefits | 14,023,000 | 14,082,000 | ||
| Occupancy expense, net | 4,582,000 | 4,230,000 | ||
| Fdic insurance expense | 1,450,000 | 1,436,000 | ||
| Other taxes | 867,000 | 922,000 | ||
| Advertising expense | 669,000 | 708,000 | ||
| Telephone expense | 312,000 | 307,000 | ||
| Professional and legal fees | 1,852,000 | 1,921,000 | ||
| Data processing | 1,367,000 | 1,395,000 | ||
| Debit card expense | 959,000 | 991,000 | ||
| Other | 2,623,000 | 3,312,000 | ||
| Total noninterest expense | 28,704,000 | 29,304,000 | ||
| Income before income taxes | 7,154,000 | 10,628,000 | ||
| Income tax provision | 1,735,000 | 2,118,000 | ||
| Net income | 5,419,000 | 8,510,000 | ||
| Average shares outstanding - basic (in shares) | 22,294,228 | 22,805,881 | ||
| Average shares outstanding - diluted (in shares) | 22,294,228 | 22,805,881 | ||
| Basic earnings per common share (in usd per share) | 0.24 | 0.37 | ||
| Diluted earnings per common share (in usd per share) | 0.24 | 0.37 | ||
Carter Bankshares, Inc. (CARE)
Carter Bankshares, Inc. (CARE)