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Bank @Lantec

Virginia Beach, VA · Cert 57730

FDIC · 4 branches

Q4 2016

$110.5MAssets
$92.0MLoans
$88.2MDeposits
$12.8MEquity
Loan mix
98%RE $75.7M1%C&I $0.8M1%Consumer $0.7MQ1 2015Q4 2016
Deposit mix
90%Interest-bearing $79.6M10%Noninterest $8.6MQ1 2015Q4 2016

Market Position · Virginia Beach-Norfolk-Newport News, VA-NC · 2016 SOD (annual) · 0.4% share · #17 of 27 inst. · $0.1B of $23.9B

0.8% Virginia Beach (City)
0.4% Norfolk (City)
0.6% Chesapeake (City)

Executive Summary

  • Earnings: ROA of 0.09%, down 9 bps year over year; NIM at 2.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Capital: tier 1 leverage ratio of 10.75%, up 19 bps from a year ago.
  • Funding: loans stand at 104.24% of deposits as of Q4 2016.

Return on Assets (quarter, annualized)

0.09%-9 bps YoY

Net Interest Margin (quarter, annualized)

2.89%-18 bps YoY

Efficiency Ratio (quarter, annualized)

96.05%+384 bps YoY

Tier 1 Leverage Ratio

10.75%+19 bps YoY

NIM

3.73%Q4 ’143.51%Q4 ’153.37%Q4 ’16-7%-6%

Non-interest income vs. expense

3.27%Q4 ’143.31%Q4 ’153.06%Q4 ’16-9%-1%

Discrete quarter, annualized.

MetricQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016YoY ΔTrend
Earnings
Return on Assets0.27%0.25%0.39%0.18%-0.04%0.10%0.23%0.09%-9 bps
Return on Equity2.30%2.19%3.37%1.54%-0.38%0.91%2.00%0.78%-76 bps
Net Interest Margin3.23%3.22%3.18%3.07%3.04%3.04%2.97%2.89%-18 bps
Efficiency Ratio88.50%88.33%82.22%92.22%102.30%94.94%89.85%96.05%+384 bps
Non-Interest Burden2.78%2.75%2.48%2.76%3.08%2.83%2.57%2.74%-2 bps
Growth
Asset Growth (YoY)5.95%2.57%0.74%3.63%3.29%0.69%1.88%-2.27%-590 bps
Loan Growth (YoY)15.23%8.28%4.35%3.83%4.98%0.19%1.34%-2.16%-599 bps
Deposit Growth (YoY)2.98%4.56%5.81%5.69%7.82%6.69%7.32%2.08%-361 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.27%0.00%0.00%0.08%0.00%0.13%+13 bps
Allowance / Loans0.72%0.68%0.63%0.61%0.62%0.59%0.60%0.58%-4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.48%10.53%10.52%10.56%10.44%10.47%10.49%10.75%+19 bps
Total Risk-Based Capital16.38%15.87%16.56%16.35%16.50%16.38%16.96%17.05%+70 bps
Equity / Assets11.65%11.33%11.52%11.29%11.43%11.40%11.41%11.63%+34 bps
Liquidity & Funding
Loans / Deposits108.15%113.15%108.99%108.76%105.30%106.26%102.92%104.24%-452 bps
Liquid Assets / Assets5.15%3.63%5.57%5.67%6.18%3.79%6.53%5.67%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a