Carter Bankshares(CARE) - 2023 Q3 - Quarterly Report

The Company's portfolio grading analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all. The Company's internal credit risk grading system is based on debt service coverage, collateral values and other subjective factors. Mortgage and consumer loans are defaulted to a pass grade until a loan migrates to past due status. • Individual reviews of the top twenty large loan relationships ("LLRs"), which are defined as any individual com ...