Bank @LANTEC

501 South Independence Boulevard
Virginia Beach, VA 23452

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57730
Date Established 2004
Assets $0.11 billion
Loans $0.09 billion
Deposits $0.09 billion
Capital $0.01 billion

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. Customers can open an account at one of its 4 branches.

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.

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 75.34
Multifamily
Mortgages
1.37
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

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank @lantec, but see these great savings and CD rates:

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Loan Rates

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
vLoan
NMLS ID: 2229
License#: MC-5591
4.064% 4.000% 0.25 $1,938 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank @LANTEC
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Bank @LANTEC branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank @LANTEC Locations

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 BestCashCow.com 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% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, 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%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank @LANTEC U.S. Bank Average
0.27% 8.58

Bank @LANTEC has a Return on Equity of 0.27% versus the BestCashCow average of 8.58. 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.

Capitalization
Bank @LANTEC U.S. Bank Average
11.45% 12.11

Bank @LANTEC has a Capitalization of 11.45% versus the BestCashCow average of 12.11. 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.

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.

Is Bank @LANTEC a commercial bank?

Yes

Where are Bank @LANTEC locations?

See branch locations nearby.

Is Bank @LANTEC open on Saturdays?

Is Bank @LANTEC open on Sundays?

What time does Bank @LANTEC open?

What time does Bank @LANTEC close?

Are Bank @LANTEC ATMs Open 24/7?

Do Bank @LANTEC ATMs accept cash deposits?

Can Bank @LANTEC customers use other ATMs?

Do Bank @LANTEC branches have notaries?

Will Bank @LANTEC notarize my document?

What address for Bank @LANTEC should I put for incoming ACH transfers?

Will the Bank @LANTEC branch print checks?

Do Bank @LANTEC checks expire?

Does Bank @LANTEC require US citizenship to open account?

Can Bank @LANTEC close my account?

Does Bank @LANTEC Report to credit bureaus?

Does Bank @LANTEC Use Equifax?

What is Bank @LANTEC's ACH Routing Number?

What is Bank @LANTEC's SWIFT code?

Products

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?

Compare personal loan rates here.

Does Bank @LANTEC offer student loans?

Will Bank @LANTEC cash a check?

Will Bank @LANTEC redeem a savings bond?

Does Bank @LANTEC cash savings bonds?

Will Bank @LANTEC cash money orders?

Can Bank @LANTEC issue a money order?

Does Bank @LANTEC do currency exchange?

Background on The Bank

Who owns Bank @LANTEC?

How long has Bank @LANTEC been around?

Can Bank @LANTEC transfer to other banks?

Does Bank @LANTEC have quick pay?

Does Bank @LANTEC accept rolled coins?

Will Bank @LANTEC accept loose change?

Where is Bank @LANTEC headquarters?

Customer Reviews for Bank @LANTEC

There are currently no comments for Bank @LANTEC. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →