Atlantic Southern Bank

Headquarters

4077 Forsyth Road
Macon, GA 31210
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.00% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

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 $0.74 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 $ 741.86 million
Loans $ 526.83 million
Deposits $ 707.64 million
Capital $ 9.59 million
 

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 - October 20, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 20, 2020

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.574% 2.500% 1.00 $2,445 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Atlantic Southern Bank
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Branches

Atlantic Southern Bank 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 Southern Bank Locations


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 BestCashCow.com 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% 6.94%

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 March 31, 2020, 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% 7.80%

Atlantic Southern Bank has a Return on Equity of -93.75% versus the BestCashCow average of 7.80%. 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 Southern Bank U.S. Bank Average
1.29% 12.68%

Atlantic Southern Bank has a Capitalization of 1.29% versus the BestCashCow average of 12.68. 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 $741,855,000, 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

March 31, 2020
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 $ 526.83 million
Loan loss allowance $ 17.24 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 73.88 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 707.64 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 $ 741.86 million

Summary Income Statement

March 31, 2020
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 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.

%
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 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?

Yes

Where are Atlantic Southern Bank locations?

See branch locations nearby.

Is Atlantic Southern Bank open on Saturdays?

Is Atlantic Southern Bank open on Sundays?

What time does Atlantic Southern Bank open?

What time does Atlantic Southern Bank close?

Are Atlantic Southern Bank ATMs Open 24/7?

Do Atlantic Southern Bank ATMs accept cash deposits?

Can Atlantic Southern Bank customers use other ATMs?

Do Atlantic Southern Bank branches have notaries?

Will Atlantic Southern Bank notarize my document?

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

Will the Atlantic Southern Bank branch print checks?

Do Atlantic Southern Bank checks expire?

Does Atlantic Southern Bank require US citizenship to open account?

Can Atlantic Southern Bank close my account?

Does Atlantic Southern Bank Report to credit bureaus?

Does Atlantic Southern Bank Use Equifax?

What is Atlantic Southern Bank's ACH Routing Number?

What is Atlantic Southern Bank's SWIFT code?

Products

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?

Compare personal loan rates here.

Does Atlantic Southern Bank offer student loans?

Will Atlantic Southern Bank cash a check?

Will Atlantic Southern Bank redeem a savings bond?

Does Atlantic Southern Bank cash savings bonds?

Will Atlantic Southern Bank cash money orders?

Can Atlantic Southern Bank issue a money order?

Does Atlantic Southern Bank do currency exchange?

Background on The Bank

Who owns Atlantic Southern Bank?

How long has Atlantic Southern Bank been around?

Can Atlantic Southern Bank transfer to other banks?

Does Atlantic Southern Bank have quick pay?

Does Atlantic Southern Bank accept rolled coins?

Will Atlantic Southern Bank accept loose change?

Where is Atlantic Southern Bank headquarters?

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