Bank @LANTEC

Bank @LANTEC is headquartered in Virginia Beach and is the 97^th largest bank in the state of Virginia. It is also the 4,821^st largest bank in the nation. It was established in 2004 and as of December of 2011, it had grown to 31 employees at 4 locations. Bank @LANTEC has a 4-star health rating.

Bank @LANTEC Routing Number: 251481423

Data for Q4 2011

Institution Statistics Bank @LANTEC OTS # 17960 FDIC Certificate # 57730 BankRate Report View Year Established 2004 Employees 31 Primary Regulator OCC Assets and Liabilities Assets $104.74 million Loans $63.77 million Deposits $87.43 million Equity Capital $11.93 million Loan Loss Allowance $674,000 Unbacked Noncurrent Loans $1.66 million Real Estate Owned $1.94 million Historic Data - December 2010 Assets $103.40 million Equity Capital $11.56 million Loan Loss Allowance $455,000 Unbacked Noncurrent Loans $1.63 million Real Estate Owned $3.41 million Profit Margin - Quarterly Net Interest Margin 3.03% Return on Assets 0.32% Return on Equity 2.92% Interest Income $3.90 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bank @LANTEC had $3.6 million in non-current loans and owned real-estate with $12.61 million in equity and loan loss allowances on hand to cover it. This gives Bank @LANTEC a Texas Ratio of 28.54% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank @LANTEC decreased slightly from 41.99% as of December 31, 2010 to 28.54% as of December 31, 2011, resulting in a positive change of 32.05%.This indicates that the balance sheet and financial strength for Bank @LANTEC has improved slightly in recent periods. Deposit Growth In the past year, Bank @LANTEC has increased its total deposits by $2.92 million, resulting in 3.46% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank @LANTEC has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank @LANTEC has $104.74 million in assets with $12.61 million in equity, resulting in a capitalization level of 12.04%, which is excellent.

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