Atlas Bank

Headquarters

689 Fifth Ave
Brooklyn, NY 11215
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

Atlas Bank is an FDIC insured institution located in Brooklyn, NY. It was founded in 1900 and has approximately $0.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 30783
Date Established 1900
Assets $ 116.23 million
Loans $ 69.77 million
Deposits $ 85.33 million
Capital $ 14.80 million
 

For a more detailed analysis of Atlas 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 Atlas 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 Atlas Bank
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Branches

Atlas 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


Atlas Bank Locations


Financial Details

Atlas Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Atlas 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
Atlas Bank U.S. Bank Average
5.16% 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, Atlas Bank had $802,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $14,803,000 in equity and $729,000 in loans loss reserves. That gives it a Texas Ratio of 5.16%.

Return on Equity
Atlas Bank U.S. Bank Average
-0.6% 7.80%

Atlas Bank has a Return on Equity of -0.6% 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
Atlas Bank U.S. Bank Average
12.74% 12.68%

Atlas Bank has a Capitalization of 12.74% 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.

Atlas Bank Balance Sheet Analysis

As of March 31, 2014, Atlas Bank had assets of $116,226,000, loans of $69,770,000, and deposits of $85,328,000. 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 $ 69.77 million
Loan loss allowance $ 0.73 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 85.33 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 $ 116.23 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 Atlas Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in New York, Atlas Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 92.75
Multifamily
Mortgages
3.35
Credit Card Loans 0.01
Consumer Auto Loans 0.00
Small Business Loans 5.01
Construction and Development Loans 0.00
Commercial Real Estate 5.02
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Atlas Bank

Branches and Savings

Is Atlas Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30783.

Why does Atlas Bank pay such low interest on savings accounts?

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

Why are Atlas Bank CD rates not competitive?

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

Is Atlas Bank a commercial bank?

Yes

Where are Atlas Bank locations?

See branch locations nearby.

Is Atlas Bank open on Saturdays?

Is Atlas Bank open on Sundays?

What time does Atlas Bank open?

What time does Atlas Bank close?

Are Atlas Bank ATMs Open 24/7?

Do Atlas Bank ATMs accept cash deposits?

Can Atlas Bank customers use other ATMs?

Do Atlas Bank branches have notaries?

Will Atlas Bank notarize my document?

What address for Atlas Bank should I put for incoming ACH transfers?

Will the Atlas Bank branch print checks?

Do Atlas Bank checks expire?

Does Atlas Bank require US citizenship to open account?

Can Atlas Bank close my account?

Does Atlas Bank Report to credit bureaus?

Does Atlas Bank Use Equifax?

What is Atlas Bank's ACH Routing Number?

What is Atlas Bank's SWIFT code?

Products

Does Atlas Bank offer mortgages?

Compare mortgage rates here.

Does Atlas Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Atlas Bank offer personal loans?

Compare personal loan rates here.

Does Atlas Bank offer student loans?

Will Atlas Bank cash a check?

Will Atlas Bank redeem a savings bond?

Does Atlas Bank cash savings bonds?

Will Atlas Bank cash money orders?

Can Atlas Bank issue a money order?

Does Atlas Bank do currency exchange?

Background on The Bank

Who owns Atlas Bank?

How long has Atlas Bank been around?

Can Atlas Bank transfer to other banks?

Does Atlas Bank have quick pay?

Does Atlas Bank accept rolled coins?

Will Atlas Bank accept loose change?

Where is Atlas Bank headquarters?

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