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
No
ID
Name
Address
Established
Service Type
Map
0
455599
Vantage Point Bank
1250 Virginia Drive, Fort Washington, PA 19034
December 24, 2007
Full Service Brick and Mortar
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