Vantage Point Bank in Fort Washington, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Vantage Point Bank in Fort Washington, Pennsylvania (PA)
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Vantage Point Bank - Overview

  • General
  • FDIC Certificate #: 58531
    Status: Active
    Federal Reserve ID: 3564286
    Date Established: December 24, 2007
    WWW: http://www.vantagepointbank.com
    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 #: 455599
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: December 24, 2007
    Last Structure Change Effective Date: June 16, 2008
    Last Structure Change Process Date: June 16, 2008
    Last Data Update: June 16, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1250 Virginia Drive, Fort Washington, PA 19034
    County: Montgomery
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Philadelphia, PA (#37964)
  • Financial Summary
  • Total assets: $78.6 mil
    Equity capital: $7.3 mil
    Deposits held in domestic offices: $67.9 mil
    Return on assets (ROA): -0.18% (-$0.1 mil)
    Quarterly return on assets: 1.38% ($1.1 mil)
    Return on Equity (ROE): -1.87% (-$0.1 mil)
    Quarterly return on equity: 14.54% ($1.0 mil)
    Net income: -$0.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: -0.29% (-$227.9 mil)
    Quarterly Pretax return on assets: 2.06% ($1,618.6 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
  • 158Total employees (full-time equivalent)
  • $78,572Total assets
  • $1,190Cash and due from depository institutions
  • $1,104Interest-bearing balances
  • $14,089Securities
  • $181Federal funds sold & reverse repurchase agreements
  • $58,665Net loans & leases
  • $560Loan loss allowance
  • $0Trading account assets
  • $503Bank premises and fixed assets
  • $62Other real estate owned
  • $128Goodwill and other intangibles
  • $78,572Life insurance assets
  • $3,754All other assets
  • $71,300Total liabilities and capital
  • $67,861Total liabilities
  • $62,743Total deposits
  • $67,861Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $439Subordinated debt
  • $7,272All other liabilities
  • $7,272Total equity capital
  • $7,272Total bank equity capital
  • $0Perpetual preferred stock
  • $2,724Common stock
  • $7,920Surplus
  • $-3,372Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $13,413Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,254Income earned, not collected on loans
  • $0Earning assets
  • $234Long-term assets (5+ years)
  • $74,039Average Assets, year-to-date
  • $27,753Average Assets, quarterly
  • $74,187Volatile liabilities
  • $75,717Insider loans
  • $59,248FHLB advances
  • $76,448Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,241Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,066Restructured Loans and leases
  • $964Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,112Total interest income
  • $1,072Total interest expense
  • $2,040Net interest income
  • $60Provision for loan and lease losses
  • $3,715Total noninterest income
  • $0Fiduciary activities
  • $22Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,693Additional noninterest income
  • $6,182Total noninterest expense
  • $4,389Salaries and employee benefits
  • $289Premises and equipment expense
  • $1,504Additional noninterest expense
  • -$487Pre-tax net operating income
  • $273Securities gains (losses)
  • -$77Applicable income taxes
  • -$137Income before extraordinary items
  • $0Extraordinary gains - net
  • -$137Net income attributable to bank
  • $0Net charge-offs
  • -$137Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.45%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 2.92%Net interest margin
  • 5.31%Noninterest income to earning assets
  • 8.83%Noninterest expense to earning assets
  • -0.42%Net operating income to assets
  • -0.18%Return on assets (ROA)
  • -0.29%Pretax return on assets
  • -1.87%Return on equity (ROE)
  • -1.87%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 214.29%Credit loss provision to net charge-offs
  • -15.25%Efficiency ratio
  • 107,420Assets per employee
  • 0.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 44.66%Noncurrent assets plus other real estate owned to assets
  • 1.67%Noncurrent loans to loans
  • 2.12%Net loans and leases to deposits
  • 86.45%Net loans and leases to core deposits
  • 89.53%Equity capital to assets
  • 9.26%Core capital (leverage) ratio
  • 8.16%Tier 1 risk-based capital ratio
  • 10.53%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $74,187Average earning assets
  • $7,310Average equity
  • $69,978Average loans

List of branches

  • 1 Pennsylvania Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0455599Vantage Point Bank1250 Virginia Drive, Fort Washington, PA 19034December 24, 2007Full Service Brick and Mortar

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