Feb. 5-Local bank, Carter Bank and Trust, has reported a 32% increase in net income for fiscal year 2011.

Source: Martinsville Bulletin, Feb. 5, 2012, page 3C Income before income taxes was $11.2 million, or 41%, according to the letter to shareholders from Worth H. Carter, Jr., chairman of the board and president of the bank. Net income per share, was $1.15 versus .87 per share for 2010. Total loans on Dec. 31, 2011 were $1.945 billion, and increase of $125 million. Deposits increased $255 million, a 7.6% over the prior period.