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Carter Bankshares, Inc. CARE Gross charge-offs
Gross charge-offs at other companies
Other financials
Where this comes from
Reported directly by Carter Bankshares, Inc. in its filing.
Tagged under the XBRL concept us-gaap:FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff.
The source filing: Carter Bankshares, Inc.’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 1:26 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001829576-26-000077
| (Dollars in Thousands) | Commercial Real Estate | Commercial & Industrial | Residential Mortgages | Other Consumer | Construction | Other | Total |
|---|---|---|---|---|---|---|---|
| Allowance for Credit Losses on Loans: | |||||||
| Balance, Beginning of Period | $22,171 | $2,538 | $11,761 | $588 | $15,445 | — | $52,503 |
| (Recovery) Provision for Credit Losses on Loans | (286) | 3,352 | (44) | 85 | (1,097) | — | 2,010 |
| Charge-offs | — | — | — | (161) | — | — | (161) |
| Recoveries | 248 | — | 2 | 57 | 511 | — | 818 |
| Net Recoveries / (Charge-offs) | 248 | — | 2 | (104) | 511 | — | 657 |
| Balance, End of Period | $22,133 | $5,890 | $11,719 | $569 | $14,859 | — | $55,170 |
Item 1. FINANCIAL STATEMENTS
FAQ
- What is Carter Bankshares, Inc.'s gross charge-offs?
- Carter Bankshares, Inc. (CARE) reported gross charge-offs of $161K in Q2 2026.
- How has Carter Bankshares, Inc.'s gross charge-offs changed year-over-year?
- Carter Bankshares, Inc.'s gross charge-offs decreased by 44.1% year-over-year, from $288K to $161K.
- What is the long-term trend for Carter Bankshares, Inc.'s gross charge-offs?
- Over 2 years (2021 to 2025), Carter Bankshares, Inc.'s gross charge-offs has grown at a -80.9% compound annual growth rate (CAGR), from $24.42M to $887K.
- What does gross charge-offs mean?
- Gross charge-offs
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