Atlantic Bank and Trust

152 East Bay Street
Charleston, SC 29401

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58420
Date Established 2007
Assets $0.21 billion
Loans $0.15 billion
Deposits $0.19 billion
Capital $0.00 billion

Atlantic Bank and Trust is an FDIC insured institution located in Charleston, SC. It was founded in 2007 and has approximately $0.21 billion in assets.

Printer Friendly IconPrinter Friendly Press Releases First Citizens Bank and Trust Company, Inc., Columbia, South Carolina, Assumes All of the Deposits of Atlantic Bank and Trust, Charleston, South Carolina FOR IMMEDIATE RELEASE June 3, 2011 Media Contact: Greg Hernandez (202) 898-6984 Cell: (202) 340-4922 Email: ghernandez@fdic.gov Atlantic Bank and Trust, Charleston, South Carolina, was closed June 3, 2011 by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Citizens Bank and Trust Company, Inc., Columbia, South Carolina, to assume all of the deposits of Atlantic Bank and Trust.

For a more detailed analysis of Atlantic Bank and Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Atlantic Bank and Trust’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Atlantic Bank and Trust’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

Loan Rates

Your Current Location: Virginia, VA 20146

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Branches

Atlantic Bank and Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Atlantic Bank And Trust Locations

Financial Details

Atlantic Bank and Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Atlantic Bank and Trust. The data is provided by the FDIC. Please remember that all banks listed on BestCashCow.com are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.

Texas Ratio
Atlantic Bank and Trust U.S. Bank Average
752.44% 9.11%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2016, Atlantic Bank and Trust had $40,793,000 in non-current loans and $2,480,000 in owned real estate. To cover these potential losses it had $2,881,000 in equity and $2,870,000 in loans loss reserves. That gives it a Texas Ratio of 752.44%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Atlantic Bank and Trust U.S. Bank Average
-346.21% 9.45%

Atlantic Bank and Trust has a Return on Equity of -346.21% versus the BestCashCow average of 9.45%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Atlantic Bank and Trust U.S. Bank Average
1.38% 11.28%

Atlantic Bank and Trust has a Capitalization of 1.38% versus the BestCashCow average of 11.28%. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Atlantic Bank and Trust Balance Sheet Analysis

As of March 31, 2011, Atlantic Bank and Trust had assets of $208,204,000, loans of $148,393,000, and deposits of $191,614,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

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