Atlantic Bank and Trust

Headquarters

152 East Bay Street
Charleston, SC 29401
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

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.

FDIC Insured Yes
FDIC Certificate # 58420
Date Established 2007
Assets $ 208.20 million
Loans $ 148.39 million
Deposits $ 191.61 million
Capital $ 2.88 million
 

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.

Deposit Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Atlantic Bank and Trust

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to Atlantic Bank and Trust
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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:
Fairfield,Connecticut


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. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Atlantic Bank and Trust U.S. Bank Average
752.44% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, 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%.

Return on Equity
Atlantic Bank and Trust U.S. Bank Average
-346.21% 9.41%

Atlantic Bank and Trust has a Return on Equity of -346.21% versus the BestCashCow average of 9.41%. 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% 12.82%

Atlantic Bank and Trust has a Capitalization of 1.38% versus the BestCashCow average of 12.82. 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.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 148.39 million
Loan loss allowance $ 2.87 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.48 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 191.61 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 208.20 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

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

Frequently Asked Questions About Atlantic Bank And Trust

Branches and Savings

Is Atlantic Bank And Trust FDIC insured?

Yes. It is covered under FDIC Certificate #58420.

Why does Atlantic Bank And Trust pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Atlantic Bank And Trust CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Atlantic Bank And Trust a commercial bank?

Yes

Where are Atlantic Bank And Trust locations?

See branch locations nearby.

Is Atlantic Bank And Trust open on Saturdays?

Is Atlantic Bank And Trust open on Sundays?

What time does Atlantic Bank And Trust open?

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Are Atlantic Bank And Trust ATMs Open 24/7?

Do Atlantic Bank And Trust ATMs accept cash deposits?

Can Atlantic Bank And Trust customers use other ATMs?

Do Atlantic Bank And Trust branches have notaries?

Will Atlantic Bank And Trust notarize my document?

What address for Atlantic Bank And Trust should I put for incoming ACH transfers?

Will the Atlantic Bank And Trust branch print checks?

Do Atlantic Bank And Trust checks expire?

Does Atlantic Bank And Trust require US citizenship to open account?

Can Atlantic Bank And Trust close my account?

Does Atlantic Bank And Trust Report to credit bureaus?

Does Atlantic Bank And Trust Use Equifax?

What is Atlantic Bank And Trust's ACH Routing Number?

What is Atlantic Bank And Trust's SWIFT code?

Products

Does Atlantic Bank And Trust offer mortgages?

Compare mortgage rates here.

Does Atlantic Bank And Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Atlantic Bank And Trust offer personal loans?

Compare personal loan rates here.

Does Atlantic Bank And Trust offer student loans?

Will Atlantic Bank And Trust cash a check?

Will Atlantic Bank And Trust redeem a savings bond?

Does Atlantic Bank And Trust cash savings bonds?

Will Atlantic Bank And Trust cash money orders?

Can Atlantic Bank And Trust issue a money order?

Does Atlantic Bank And Trust do currency exchange?

Background on The Bank

Who owns Atlantic Bank And Trust?

How long has Atlantic Bank And Trust been around?

Can Atlantic Bank And Trust transfer to other banks?

Does Atlantic Bank And Trust have quick pay?

Does Atlantic Bank And Trust accept rolled coins?

Will Atlantic Bank And Trust accept loose change?

Where is Atlantic Bank And Trust headquarters?

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