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Distressed Note Industry
Virginia Commercial & Industrial
Analyzing commercial & industrial loan performance across 112 Virginia banks
As of Q2 2025, 112 Virginia banks report commercial & industrial portfolios totaling $136.5B. Non-performing loans in this category total $2.0B — an average NPL ratio of 1.49% — with $509.1M 30-89 days delinquent, $332.3M 90+ days delinquent, and $1.7B in nonaccrual status. The most distressed lender in this category is CARTER BANK & TRUST (VA) with an NPL ratio of 38.20%.
Total Lenders
112
Total Loan Portfolio
$136.5B
Total NPL
$2.0B
Average NPL %
1.49%
Delinquency Breakdown
30-89 Days
$509.1M
90+ Days
$332.3M
Nonaccrual
$1.7B
Charge-offs
$699.7M
Banks by NPL Ratio
Distribution of banks by non-performing loan ratio
Top Distressed Banks - Commercial & Industrial in Virginia
Highest NPL %| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| CARTER BANK & TRUST | VA | $201.7M | $77.0M | 38.20% |
| CARTER BANK & TRUST | VA | $201.7M | $77.0M | 38.20% |
| MAINSTREET BANK | VA | $67.6M | $4.1M | 6.09% |
| MAINSTREET BANK | VA | $67.6M | $4.1M | 6.09% |
| BANK OF CHARLOTTE COUNTY, THE | VA | $9.5M | $514K | 5.42% |
| BANK OF CHARLOTTE COUNTY, THE | VA | $9.5M | $514K | 5.42% |
| FREEDOM BANK OF VIRGINIA, THE | VA | $150.8M | $8.1M | 5.39% |
| FREEDOM BANK OF VIRGINIA, THE | VA | $150.8M | $8.1M | 5.39% |
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