SAFE & SOUND® STAR RATINGS

Financial statement

BANK @LANTEC

VIRGINIA BEACH, Virginia 23452

STAR RATING: 3 starstarstar
Predictive Indicator neutral
As of June 30, 2014
Federal Reserve System Identifier 546384




Financial summary ($ in Thousands)
2014
6 months
2013
Year
2012
Year
Total Assets$108,685$95,537$102,065
Loans Receivable, Net86,17375,48270,389
Mortgage-Backed Securities10,9197,10714,817
Investments000
Deposits79,45777,82984,365
Borrowings16,2504,7504,750
Equity12,26512,23612,268
Net Interest Income1,6193,0162,999
Fee Income69141140
Overhead1,7713,4803,458
Net Operating Income55266451
Net Income36173269
Ratio Analysis Profitability%%%
Return on Assets *0.060.170.26
Operating Return on Assets *0.090.270.44
Return on Equity *0.481.412.21
Net Interest Margin *3.463.363.16
Fee Income / Assets *0.140.140.14
Overhead / Assets *3.623.523.35
Efficiency Ratio96.9995.5586.51
Asset Quality%%%
Nonperforming Assets / Assets1.431.711.53
Nonperforming Assets / Equity & Loss Reserves12.0112.6612.05
Loss Reserves / Nonperforming Loans57.5455.3267.55
1-4 Fam Mtg + MBS / Assets62.4159.7158.61
Commercial Real Estate Loans / Assets24.0023.4521.93
Construction Loans / Assets0.820.870.95
Commercial & Industrial Loans / Assets1.832.141.62
Consumer Loans / Assets0.870.971.03
Capitalization%%%
Equity / Assets11.2812.8112.02
Tangible Capital / Tangible Assets11.2812.8112.02
Risk-based Capital Ratio15.6417.1817.34
Liquidity%%%
Loans / Deposits108.4596.9883.43
Non-Interest Bearing Deposits / Deposits8.068.557.65
Purchased Liabilities16.666.416.66

* Calculations are based on the latest four quarters of income and expense.
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