# VANTAGESOUTH BANK
CARY, NC · FDIC certificate 35006 · asset band $1-10B · latest filing 2014-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $2.14B | |
| Deposits | $1.68B | |
| Loans and leases | $1.38B | |
| Total equity | $279.5M | |
| Loans / deposits | 81.64% (p46 of band) | 83.91% |
| Liquid assets / assets | 23.97% (p47 of band) | |
| Uninsured deposits / deposits | 14.70% (p26 of band) | 22.39% |
| Brokered deposits | 8.22% | |
| Wholesale funding | 15.69% (p75 of band) | |
| FHLB advances / assets | 7.33% | |
| Tier 1 leverage | 10.31% (p62 of band) | 9.82% |
| Unrealized securities loss / equity | -1.25% (p14 of band) | 0.69% |
| AOCI / equity | 1.09% (p46 of band) | |
| ROA (annualized) | 0.65% (p25 of band) | 0.90% |
| Net interest margin | 4.32% (p90 of band) | 3.50% |
| Efficiency ratio | 72.07% (p65 of band) | |
| Noncurrent loans | 1.52% (p68 of band) | 0.97% |
| Net charge-offs (annualized) | 0.13% (p70 of band) | |
| Reserve coverage of noncurrent | 35.60% | |
| Real estate % of loans | 83% | |
| Construction % of loans | 75.30% (p90 of band) | |
| Auto loans | $1.5M (0.11% of loans; DQ 1.18%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | 1.5% | |
| Employees | 424 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | brokered >10%, wholesale funding >15%, losing money, expense ratio p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 7 |  |  |
| 2011-09 | 8 | capital falling |  |
| 2011-12 | 5 | NIM <2.5% | wholesale funding >15%, charge-offs p90, construction >100% equity, capital falling |
| 2012-03 | 4 | deposits shrinking, assets shrinking | losing money, expense ratio p90, NIM <2.5% |
| 2012-06 | 4 |  |  |
| 2012-09 | 3 |  | brokered >10% |
| 2012-12 | 2 | expense ratio p90 | deposits shrinking, assets shrinking |
| 2013-03 | 4 | capital falling, losing money |  |
| 2013-06 | 3 |  | losing money |
| 2013-09 | 2 |  | capital falling |
| 2013-12 | 1 |  | expense ratio p90 |
| 2014-03 | 2 | wholesale funding >15% |  |
| 2014-06 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2012-09-25 [Crescent State, East Carolina Banks Merge - WilmingtonBiz](https://news.google.com/rss/articles/CBMipwFBVV95cUxORGxpVU5rRWF3MEV4RndhX2JoLTlUdlVLeGk2bFBYakxxR0tuc0dHbzc4akRVVUN0ZWRDczlsUEFaN3BHQTdsRXo0aW1lNWI0Uy1nUUh1QkRacnkzOWNkbVA1ZmlOYzlIYnhqVE5mbUowanpUX0ZNQTYtT3QyZkh5aGFDVjdwUjdYTm1LcW1WazBlclp5eGVZbmpJSEYtYkNfV3g0YkZ4MA?oc=5) · WilmingtonBiz
- 2014-09-22 [Timeline: From VantageSouth to Yadkin - A look at the merger that made N.C.'s largest community bank - The Business Journals](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOcGpHdFRwN1Vac0N1cGo1aS1lUXZvMmhPV3BpMzNoLXJXU0lFdWVYUHdBUHdWZjMxZnlIVnhncU9WZXZuMDI1clZxS2NMVEVBRzMzNDNuQ3g3am9HVVI3OHRKMHdhZ0xXSVp4TXVTd1NDT1FoVGtZWTk5MXBuMjRaRUp3UUY1U2VOY0EtTElvMlVDZUx1c3pKMG81QjMwOGowY3hpbENaZ0JCUQ?oc=5) · The Business Journals
- 2024-02-07 [Former Yadkin Bank CEO unaware of redlining accusation - Business North Carolina](https://news.google.com/rss/articles/CBMihAFBVV95cUxOMWVoOVQyVjZtS1FmVVdVY2doVm9sandqUGhVeW5oZEJtUmxQTmtTYmd5TlFzckpVWjNjcDlkaGRBWW4taUpUT3M4dWxWdXA1VUFqUW1PNEExdWpIY3diMWtQbGZmX2d0QkhDS2xYWjN3XzV0Z0NvLVJXSnhXZHdkOWE3SGs?oc=5) · Business North Carolina
- 2013-11-06 [Are Yadkin Bank and VantageSouth Bank talking merger? - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPYXdjZmttdTFuUjh3blVLVDFwXzhFNkJSbC1pMm44R0p1TEp3RTVkakIwTmpsUTVjTUVLUmpCT1pMazdidGRYSDYyUXRMWjVxUG04bmxiczAzcWZrT1lUNWZVc0wyZ04tbVZyck1wMnVYb1VKNWxjS3kyZ3poRTJsRlJaUmxDMTNMeTh6ZmlLWnlHSWp0V0tMQldURFZSWFBjaWVxZ05R?oc=5) · The Business Journals
- 2017-04-21 [Inside Live Oak Bank’s Leadership Change - WilmingtonBiz](https://news.google.com/rss/articles/CBMipAFBVV95cUxNNmVOOUNKTzN2N09lX2xuWmltRU5jOFdfY1pYY09PMUQtR3RJM1RoOTl0RjVxOENZbVpSdFAtcUdMR2h5TnROdFo4X3NtcnVET3h2a0QxX0syYkN0aDlORGZiNnZubE5JWVV0T29NZmVsYWFSNVZndVNnUFJKcXRDdUxoYUllbkM4azJ4WGJQMTVWOWVPTTdrQXRtVzlfT0hINU9sNQ?oc=5) · WilmingtonBiz
- 2013-06-21 [Live Oak Puts Down New Roots - WilmingtonBiz](https://news.google.com/rss/articles/CBMilAFBVV95cUxPY3ZWeWpvQlh6NVZ4SHdwYWtURTZIQjVTdVZNNHZXQkZUMXhUTG1GV2FKY0hLM0E0V3lDaXFPbVU0ZkFMbGpnM3Voajh2ZUlPNGk0aHY2RlY1YkhXVTVENmJLM0RJQ2NjOWVITDNTSlF3SHBad1EzekpyUHdkNUNROVpnZmJja2lwUjlSUDctTWNRcERK?oc=5) · WilmingtonBiz
- 2014-01-31 [North Carolina's biggest community bank is born - The Business Journals](https://news.google.com/rss/articles/CBMitgFBVV95cUxPd3poSE1IYXdsemhGam9tVzZSVUI2Wl9UcW42b29aR2NVNnZNY3BvNTJUa2pCVF9xdUpaeWVaUXFMOWdhOUFWaURDRF90MUlBTDY4aVZsUDNZak9wZmZwQWVxa1ZhMmRLUFFHWGVTb2tLaHJoeVEwdXAta21yRjhKWVBBQlpVaFYzZGN0OTJITTNMaGxWM2o5elFYdDY3Yk5hNVlyelA1OGxLMHRadUZqRzVHY2ptUQ?oc=5) · The Business Journals
- 2018-11-26 [Former Live Oak President Resigns, Involved In Community Bank Startup - WilmingtonBiz](https://news.google.com/rss/articles/CBMi0AFBVV95cUxNXzYwQ1ZyVnphZHV6UktrNWRYZ3F4YVBodG1Vbnd2TFNRMURGc0NBWkNYa0dpTU1mUzJNSEZTdkZ0RWdQMGdRLXBPZlpNYlduc1B4NWpPMjVxZXVrWU12UVBQQlE2V2F2WmRrZWNabnZDQm5kQklucUJvQXRlODJhdVVaLXh0dUgwU1I0Q1R1bWVBTm9XZlVyVkVQU2t3eEwtczBIT0xaNDVPVlBrNFlXQ2ROX2dsMzhMdU42d2hoY1Mzd0I0MUh0RWU4OEM5LTZf?oc=5) · WilmingtonBiz

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35006 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/62.json (key "35006", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide