Vantagesouth Bank

Headquarters

1005 High House Road
Cary, NC 27513
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Vantagesouth Bank is an FDIC insured institution located in Cary, NC. It was founded in 1998 and has approximately $2.14 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35006
Date Established 1998
Assets $ 2.14 billion
Loans $ 1,371.78 million
Deposits $ 1,680.31 million
Capital $ 279.48 million
 

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

Deposit Rates - September 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Vantagesouth Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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Payment
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.816% 2.750% 0.88 $2,132 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
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Note to Vantagesouth Bank
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Branches

Vantagesouth Bank 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:
Fairfield,Connecticut


Vantagesouth Bank Locations


Financial Details

Vantagesouth Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Vantagesouth Bank. 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
Vantagesouth Bank U.S. Bank Average
10.52% 6.94%

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 March 31, 2020, Vantagesouth Bank had $20,928,000 in non-current loans and $9,248,000 in owned real estate. To cover these potential losses it had $279,481,000 in equity and $7,451,000 in loans loss reserves. That gives it a Texas Ratio of 10.52%.

Return on Equity
Vantagesouth Bank U.S. Bank Average
5.01% 7.80%

Vantagesouth Bank has a Return on Equity of 5.01% versus the BestCashCow average of 7.80%. 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
Vantagesouth Bank U.S. Bank Average
13.07% 12.68%

Vantagesouth Bank has a Capitalization of 13.07% versus the BestCashCow average of 12.68. 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.

Vantagesouth Bank Balance Sheet Analysis

As of June 30, 2014, Vantagesouth Bank had assets of $2,137,905,000, loans of $1,371,775,000, and deposits of $1,680,306,000. 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

March 31, 2020
ASSETS
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 $ 1,371.78 million
Loan loss allowance $ 7.45 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 9.25 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 1,680.31 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 $ 2.14 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
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 Vantagesouth Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in North Carolina, Vantagesouth Bank has a significantly higher percent of Small Business Loans, Farm 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 21.01
Multifamily
Mortgages
6.23
Credit Card Loans 0.00
Consumer Auto Loans 0.11
Small Business Loans 14.59
Construction and Development Loans 15.34
Commercial Real Estate 39.53
Commercial and Industrial Loans 15.26
Farm Loans 1.09

Frequently Asked Questions About Vantagesouth Bank

Branches and Savings

Is Vantagesouth Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35006.

Why does Vantagesouth Bank pay such low interest on savings accounts?

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

Why are Vantagesouth Bank CD rates not competitive?

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

Is Vantagesouth Bank a commercial bank?

Yes

Where are Vantagesouth Bank locations?

See branch locations nearby.

Is Vantagesouth Bank open on Saturdays?

Is Vantagesouth Bank open on Sundays?

What time does Vantagesouth Bank open?

What time does Vantagesouth Bank close?

Are Vantagesouth Bank ATMs Open 24/7?

Do Vantagesouth Bank ATMs accept cash deposits?

Can Vantagesouth Bank customers use other ATMs?

Do Vantagesouth Bank branches have notaries?

Will Vantagesouth Bank notarize my document?

What address for Vantagesouth Bank should I put for incoming ACH transfers?

Will the Vantagesouth Bank branch print checks?

Do Vantagesouth Bank checks expire?

Does Vantagesouth Bank require US citizenship to open account?

Can Vantagesouth Bank close my account?

Does Vantagesouth Bank Report to credit bureaus?

Does Vantagesouth Bank Use Equifax?

What is Vantagesouth Bank's ACH Routing Number?

What is Vantagesouth Bank's SWIFT code?

Products

Does Vantagesouth Bank offer mortgages?

Compare mortgage rates here.

Does Vantagesouth Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Vantagesouth Bank offer personal loans?

Compare personal loan rates here.

Does Vantagesouth Bank offer student loans?

Will Vantagesouth Bank cash a check?

Will Vantagesouth Bank redeem a savings bond?

Does Vantagesouth Bank cash savings bonds?

Will Vantagesouth Bank cash money orders?

Can Vantagesouth Bank issue a money order?

Does Vantagesouth Bank do currency exchange?

Background on The Bank

Who owns Vantagesouth Bank?

How long has Vantagesouth Bank been around?

Can Vantagesouth Bank transfer to other banks?

Does Vantagesouth Bank have quick pay?

Does Vantagesouth Bank accept rolled coins?

Will Vantagesouth Bank accept loose change?

Where is Vantagesouth Bank headquarters?

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