Form 10-K

Overview

The report describes Carter Bankshares' 2021 workforce of 731 associates and the creation of a Diversity, Equity, and Inclusion Council. Financial performance improved substantially, with $31.6 million in net income after a $45.9 million net loss in 2020. The company also adopted the CECL methodology in 2021, producing a $50.7 million reduction to retained earnings and increasing the allowance for credit losses.

Document

Report type: Annual Report
Class: Financial
Scope: Full report
Fiscal year: 2021
Period: Ends 31 December 2021
Language: English
Pages
File size

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