VantageSouth Bank in Burlington, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • VantageSouth Bank in Burlington, North Carolina (NC)
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VantageSouth Bank - Overview

  • General
  • FDIC Certificate #: 58136
    Status: Active
    Federal Reserve ID: 3397019
    Bank Holding Company (Regulatory Top Holder): Piedmont Community Bank Holdings, Inc. (RSSDID: 3954720, Location: Raleigh, NC)
    Date Established: March 13, 2006
    WWW: http://www.vantagesouth.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 2, Interstate: No)
    FDIC's unique #: 440393
    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: March 13, 2006
    Last Structure Change Effective Date: Febuary 01, 2012
    Last Structure Change Process Date: Febuary 14, 2012
    Last Data Update: Febuary 14, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 708 S. Church Street, Burlington, NC 27215
    County: Alamance
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Raleigh
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Greensboro--Winston-Salem--High Point, NC (#3120)
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Burlington, NC (#15500)
    CBSA Metro Statistical Area: Burlington, NC (#15500)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $106.8 mil
    Equity capital: $8.9 mil
    Deposits held in domestic offices: $89.5 mil
    Return on assets (ROA): 0.11% ($0.1 mil)
    Quarterly return on assets: -2.79% (-$3.0 mil)
    Return on Equity (ROE): 1.18% ($0.1 mil)
    Quarterly return on equity: -31.39% (-$2.8 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: 0.11% ($117.5 mil)
    Quarterly Pretax return on assets: -2.79% (-$2,979.8 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
  • 24Total employees (full-time equivalent)
  • $106,804Total assets
  • $3,545Cash and due from depository institutions
  • $920Interest-bearing balances
  • $12,809Securities
  • $9,915Federal funds sold & reverse repurchase agreements
  • $74,726Net loans & leases
  • $1,436Loan loss allowance
  • $0Trading account assets
  • $4,009Bank premises and fixed assets
  • $91Other real estate owned
  • $0Goodwill and other intangibles
  • $106,804Life insurance assets
  • $1,709All other assets
  • $97,952Total liabilities and capital
  • $89,526Total liabilities
  • $80,352Total deposits
  • $89,526Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,000Trading liabilities
  • $0Other borrowed funds
  • $426Subordinated debt
  • $8,852All other liabilities
  • $8,852Total equity capital
  • $8,852Total bank equity capital
  • $1Perpetual preferred stock
  • $5,558Common stock
  • $13,020Surplus
  • $-9,727Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,432Income earned, not collected on loans
  • $0Earning assets
  • $322Long-term assets (5+ years)
  • $98,370Average Assets, year-to-date
  • $26,773Average Assets, quarterly
  • $92,961Volatile liabilities
  • $103,947Insider loans
  • $81,770FHLB advances
  • $101,993Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,661Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,958Restructured Loans and leases
  • $4,060Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,374Total interest income
  • $761Total interest expense
  • $3,613Net interest income
  • -$110Provision for loan and lease losses
  • $738Total noninterest income
  • $0Fiduciary activities
  • $192Service charges on deposit accounts
  • $0Trading account gains & fees
  • $546Additional noninterest income
  • $4,372Total noninterest expense
  • $2,034Salaries and employee benefits
  • $220Premises and equipment expense
  • $2,118Additional noninterest expense
  • $89Pre-tax net operating income
  • $17Securities gains (losses)
  • $0Applicable income taxes
  • $106Income before extraordinary items
  • $0Extraordinary gains - net
  • $106Net income attributable to bank
  • $0Net charge-offs
  • $106Cash dividends
  • $334Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 5.17%Noninterest expense to earning assets
  • 0.10%Net operating income to assets
  • 0.11%Return on assets (ROA)
  • 0.11%Pretax return on assets
  • 1.18%Return on equity (ROE)
  • 1.18%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • -32.93%Credit loss provision to net charge-offs
  • -0.06%Efficiency ratio
  • 100,483Assets per employee
  • 4.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 100.28%Noncurrent assets plus other real estate owned to assets
  • 1.43%Noncurrent loans to loans
  • 1.88%Net loans and leases to deposits
  • 83.47%Net loans and leases to core deposits
  • 87.46%Equity capital to assets
  • 8.29%Core capital (leverage) ratio
  • 8.49%Tier 1 risk-based capital ratio
  • 10.59%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $92,961Average earning assets
  • $8,983Average equity
  • $84,628Average loans

List of branches

  • 4 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0440393Vantagesouth Bank708 S. Church Street, Burlington, NC 27215March 13, 2006Full Service Brick and Mortar
    1464935West Burlington Office Branch3725 South Church Street, Burlington, NC 27215May 23, 2007Full Service Brick and Mortar
    2444498Salisbury Rowan Branch322 East Innes Street, Salisbury, NC 28144Febuary 21, 2006Full Service Brick and Mortar
    3453980China Grove Branch313 East Centerview Street, China Grove, NC 28023August 09, 2006Full Service Brick and Mortar

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