SAFE & SOUND® STAR RATINGS

Financial statement

BANK @LANTEC
501 SOUTH INDEPENDENCE BOULEVARD
VIRGINIA BEACH, Virginia 23452

STAR RATING: 3 starstarstar
Predictive Indicator neutral
As of March 31, 2014
Federal Reserve System Identifier 546384




Financial summary ($ in Thousands)
2014
3 months
2013
Year
2012
Year
Total Assets$101,956$95,537$102,065
Loans Receivable, Net75,92675,48270,389
Mortgage-Backed Securities11,6157,10714,817
Investments000
Deposits79,24277,82984,365
Borrowings9,7504,7504,750
Equity12,22812,23612,268
Net Interest Income7923,0162,999
Fee Income35141140
Overhead8653,4803,458
Net Operating Income12266451
Net Income7173269
Ratio Analysis Profitability%%%
Return on Assets *0.070.170.26
Operating Return on Assets *0.100.270.44
Return on Equity *0.521.412.21
Net Interest Margin *3.423.363.16
Fee Income / Assets *0.150.140.14
Overhead / Assets *3.583.523.35
Efficiency Ratio98.6395.5586.51
Asset Quality%%%
Nonperforming Assets / Assets1.571.711.53
Nonperforming Assets / Equity & Loss Reserves12.4312.6612.05
Loss Reserves / Nonperforming Loans56.4855.3267.55
1-4 Fam Mtg + MBS / Assets61.9459.7158.61
Commercial Real Estate Loans / Assets20.4723.4521.93
Construction Loans / Assets0.810.870.95
Commercial & Industrial Loans / Assets2.312.141.62
Consumer Loans / Assets0.980.971.03
Capitalization%%%
Equity / Assets11.9912.8112.02
Tangible Capital / Tangible Assets11.9912.8112.02
Risk-based Capital Ratio17.3917.1817.34
Liquidity%%%
Loans / Deposits95.8296.9883.43
Non-Interest Bearing Deposits / Deposits9.918.557.65
Purchased Liabilities11.146.416.66

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