501 South Independence Boulevard
Virginia Beach, VA 23452
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.10% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Bank @LANTEC is an FDIC insured institution located in Virginia Beach, VA. It was founded in 2004 and has approximately $0.11 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57730
Date Established 2004
Assets $ 112.25 million
Loans $ 91.46 million
Deposits $ 88.25 million
Capital $ 12.85 million

For a more detailed analysis of Bank @LANTEC's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 15, 2021

Your Current Location: Virginia, VA 20146


Loan Rates - October 15, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank @LANTEC

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
First Internet Bank
NMLS ID: 424182
2.809% 2.750%
0.75 points
$1,928 fees
$1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Bank @LANTEC
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Climate Initiatives

Bank @LANTEC is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Bank @LANTEC Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank @LANTEC. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank @LANTEC U.S. Bank Average
4.54% 4.78%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2021, Bank @LANTEC had $607,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $12,850,000 in equity and $530,000 in loans loss reserves. That gives it a Texas Ratio of 4.54%.

Return on Equity
Bank @LANTEC U.S. Bank Average
0.27% 11.29%

Bank @LANTEC has a Return on Equity of 0.27% versus the BestCashCow average of 11.29%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Bank @LANTEC U.S. Bank Average
11.45% 11.72%

Bank @LANTEC has a Capitalization of 11.45% versus the BestCashCow average of 11.72. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank @LANTEC Balance Sheet Analysis

As of December 31, 2016, Bank @LANTEC had assets of $110,476,000, loans of $91,456,000, and deposits of $88,246,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2021
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 91.46 million
Loan loss allowance $ 0.53 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 88.25 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 112.25 million

Summary Income Statement

June 30, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Bank @LANTEC’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Virginia, Bank @LANTEC has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 75.34
Credit Card Loans 0.00
Consumer Auto Loans 0.18
Small Business Loans 9.52
Construction and Development Loans 0.68
Commercial Real Estate 21.59
Commercial and Industrial Loans 0.85
Farm Loans 0.00

Frequently Asked Questions About Bank @lantec

Branches and Savings

Is Bank @lantec FDIC insured?

Yes. It is covered under FDIC Certificate #57730.

Why does Bank @lantec pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank @lantec CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

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Does Bank @lantec offer mortgages?

Compare mortgage rates here.

Does Bank @lantec offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank @lantec offer personal loans?

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Background on The Bank

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