Atlantic Southern Bank

4077 Forsyth Road
Macon, GA 31210

Notable Rates APY Vs.Others
Savings N.A. 2.20% →
1-Year CD N.A. 2.20% →
2-Year CD N.A. 2.20% →
5-Year CD N.A. 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Atlantic Southern Bank is an FDIC insured institution located in Macon, GA. It was founded in 2001 and has approximately $0.95 billion in assets.

CertusBank, National Association, Easley, South Carolina, acquired the banking operations, including all the deposits, of Atlantic Southern Bank, Macon, Georgia, and First Georgia Banking Company, Franklin, Georgia. The two banks were closed May 20, 2011 by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver for each institution. To protect depositors, the Federal Deposit Insurance Corporation (FDIC) entered into purchase and assumption agreements with CertusBank, N.A.

FDIC Insured Yes
FDIC Certificate # 57213
Date Established 2001
Assets $0.74 billion
Loans $0.53 billion
Deposits $0.71 billion
Capital $0.01 billion

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

Deposit Rates - February 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no rates available for Atlantic Southern Bank, but see these great savings and CD rates:

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Loan Rates - February 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Atlantic Southern Bank

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

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.163% 3.125% 0.50 $1,192 $1,071 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More
Rocket Mortgage
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
More Info
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to Atlantic Southern Bank
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Financial Details

Atlantic Southern Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Atlantic Southern Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Atlantic Southern Bank U.S. Bank Average
683.98% 6.70%

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 September 30, 2019, Atlantic Southern Bank had $109,588,000 in non-current loans and $73,877,000 in owned real estate. To cover these potential losses it had $9,585,000 in equity and $17,238,000 in loans loss reserves. That gives it a Texas Ratio of 683.98%.

Return on Equity
Atlantic Southern Bank U.S. Bank Average
-93.75% 9.72%

Atlantic Southern Bank has a Return on Equity of -93.75% versus the BestCashCow average of 9.72%. 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.

Atlantic Southern Bank U.S. Bank Average
1.29% 12.89%

Atlantic Southern Bank has a Capitalization of 1.29% versus the BestCashCow average of 12.89. 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 Southern Bank Balance Sheet Analysis

As of March 31, 2011, Atlantic Southern Bank had assets of $948,477,000, loans of $526,830,000, and deposits of $707,643,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.53 billion
Loan loss allowance $0.02 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.07 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
Total deposits $0.71 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.74 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks, Atlantic Southern Bank’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 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 Southern Bank

Branches and Savings

Is Atlantic Southern Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57213.

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

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

Why are Atlantic Southern Bank CD rates not competitive?

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

Is Atlantic Southern Bank a commercial bank?


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Does Atlantic Southern Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Atlantic Southern Bank offer personal loans?

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Background on The Bank

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