SAFE & SOUND® STAR RATINGS

Financial statement

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

STAR RATING: 3 starstarstar
Predictive Indicator + (improve)
As of December 31, 2013
Federal Reserve System Identifier 546384




Financial summary ($ in Thousands)
2013
12 months
2012
Year
2011
Year
Total Assets$95,537$102,065$104,740
Loans Receivable, Net75,48270,38963,953
Mortgage-Backed Securities7,10714,81721,515
Investments00500
Deposits77,82984,36587,314
Borrowings4,7504,7504,750
Equity12,23612,26811,934
Net Interest Income3,0162,9992,882
Fee Income141140413
Overhead3,4803,4584,990
Net Operating Income266451343
Net Income173269484
Ratio Analysis Profitability%%%
Return on Assets *0.170.260.32
Operating Return on Assets *0.270.440.33
Return on Equity *1.412.212.92
Net Interest Margin *3.363.163.05
Fee Income / Assets *0.140.140.39
Overhead / Assets *3.523.354.77
Efficiency Ratio95.5586.516391.00
Asset Quality%%%
Nonperforming Assets / Assets1.711.533.44
Nonperforming Assets / Equity & Loss Reserves12.6612.0528.54
Loss Reserves / Nonperforming Loans55.3267.551.05
1-4 Fam Mtg + MBS / Assets59.7158.6158.89
Commercial Real Estate Loans / Assets23.4521.9319.95
Construction Loans / Assets0.870.951.03
Commercial & Industrial Loans / Assets2.141.620.80
Consumer Loans / Assets0.971.031.40
Capitalization%%%
Equity / Assets12.8112.0211.39
Tangible Capital / Tangible Assets12.8112.0211.36
Risk-based Capital Ratio17.1817.3418.39
Liquidity%%%
Loans / Deposits96.9883.4373.24
Non-Interest Bearing Deposits / Deposits8.557.65n/a
Purchased Liabilities6.416.6616.96

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