Carter Bankshares, Inc. PP&E Disclosure
| Land and Land Improvements | Non-depreciating assets | |||||||||||||
| Buildings | 25 years | - | 40 years | |||||||||||
| Furniture and Fixtures | 5 years | |||||||||||||
| Computer Equipment and Software | 5 years or term of license | |||||||||||||
| Other Equipment | 5 years | |||||||||||||
| Vehicles | 5 years | |||||||||||||
| Leasehold Improvements | Lesser of estimated useful life of the asset (generally 15 years unless established otherwise) or the remaining term of the lease, including renewal options in the lease that are reasonably assured of exercise | |||||||||||||
| December 31, | ||||||||||||||
| (Dollars in Thousands) | 2025 | 2024 | ||||||||||||
| Land | $ | 17,783 | $ | 18,610 | ||||||||||
| Bank Premises | 60,458 | 59,857 | ||||||||||||
| Furniture and Equipment | 39,389 | 40,361 | ||||||||||||
| Leasehold Improvements | 3,156 | 3,023 | ||||||||||||
| Total Premises and Equipment | 120,786 | 121,851 | ||||||||||||
| Accumulated Depreciation | (48,289) | (47,522) | ||||||||||||
| Total | $ | 72,497 | $ | 74,329 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 5, 2026 | Showing above |
| 2024 | Mar 7, 2025 | |
| 2023 | Mar 8, 2024 | |
| 2022 | Mar 10, 2023 | |
| 2021 | Mar 11, 2022 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.