Vantage Bank of Alabama in Albertville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Vantage Bank of Alabama in Albertville, Alabama (AL)
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Vantage Bank of Alabama - Overview

  • General
  • FDIC Certificate #: 58375
    Status: Active
    Federal Reserve ID: 3488869
    Bank Holding Company (Regulatory Top Holder): Vantage Bancshares, Inc. (RSSDID: 4169549, Location: Albertville, AL)
    Date Established: November 06, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 448878
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 06, 2006
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 407 North Broad Street, Albertville, AL 35950
    County: Marshall
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Albertville, AL (#10700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $75.9 mil
    Equity capital: $11.8 mil
    Deposits held in domestic offices: $63.9 mil
    Return on assets (ROA): 0.83% ($0.6 mil)
    Quarterly return on assets: 1.05% ($0.8 mil)
    Return on Equity (ROE): 5.47% ($0.7 mil)
    Quarterly return on equity: 6.78% ($0.8 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.29% ($979.7 mil)
    Quarterly Pretax return on assets: 1.45% ($1,101.2 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $75,946Total assets
  • $1,611Cash and due from depository institutions
  • $111Interest-bearing balances
  • $16,832Securities
  • $5,819Federal funds sold & reverse repurchase agreements
  • $48,261Net loans & leases
  • $573Loan loss allowance
  • $0Trading account assets
  • $2,651Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $75,946Life insurance assets
  • $772All other assets
  • $64,105Total liabilities and capital
  • $63,929Total liabilities
  • $55,912Total deposits
  • $63,929Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $176Subordinated debt
  • $11,841All other liabilities
  • $11,841Total equity capital
  • $11,841Total bank equity capital
  • $0Perpetual preferred stock
  • $1,059Common stock
  • $10,096Surplus
  • $686Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $69Income earned, not collected on loans
  • $0Earning assets
  • $311Long-term assets (5+ years)
  • $71,023Average Assets, year-to-date
  • $18,283Average Assets, quarterly
  • $74,744Volatile liabilities
  • $75,663Insider loans
  • $52,067FHLB advances
  • $75,126Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,415Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,662Restructured Loans and leases
  • $6,590Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,508Total interest income
  • $675Total interest expense
  • $2,833Net interest income
  • $177Provision for loan and lease losses
  • $265Total noninterest income
  • $0Fiduciary activities
  • $169Service charges on deposit accounts
  • $0Trading account gains & fees
  • $96Additional noninterest income
  • $1,960Total noninterest expense
  • $904Salaries and employee benefits
  • $245Premises and equipment expense
  • $811Additional noninterest expense
  • $961Pre-tax net operating income
  • $0Securities gains (losses)
  • $344Applicable income taxes
  • $617Income before extraordinary items
  • $0Extraordinary gains - net
  • $617Net income attributable to bank
  • $0Net charge-offs
  • $617Cash dividends
  • $154Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 4.06%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 5.47%Return on equity (ROE)
  • 5.47%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 114.94%Credit loss provision to net charge-offs
  • 7.39%Efficiency ratio
  • 63,267Assets per employee
  • 4.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 830.43%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.14%Net loans and leases to deposits
  • 75.49%Net loans and leases to core deposits
  • 81.34%Equity capital to assets
  • 15.59%Core capital (leverage) ratio
  • 15.19%Tier 1 risk-based capital ratio
  • 21.92%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $74,744Average earning assets
  • $11,285Average equity
  • $69,822Average loans

List of branches

  • 1 Alabama Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0448878Vantage Bank Of Alabama407 North Broad Street, Albertville, AL 35950November 06, 2006Full Service Brick and Mortar

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