Atlas Bank

689 Fifth Avenue
Brooklyn, NY 11215
718-768-4800
www.atlasbank.com

FDIC

OverView
Rates
Health
Reviews

Atlas Bank is headquartered in Brooklyn and is the 147^th largest bank in the state of New York. It is also the 4,726^th largest bank in the nation. It was established in 1900 and as of December of 2012, it had grown to 19 employees at 2 locations. Atlas Bank's savings rates are 94% higher than the national average, and it has a 4-star health rating.

Atlas Bank's Formal Agreement With The OCC (Forum) - 4/22/2012

In Calculated Risk blog's latest update to its unofficial problem bank list, it mentioned several changes due to the OCC public release of its enforcement action activity. Seven banks were added to the list. One of the seven is Atlas Bank, Brooklyn, NY.

Top 2-Year IRA CD Rate in New York City at Atlas Bank - Local Only - 2/15/2012

It's common for banks to offer IRA deals this time of year. You have until April 17th to make an IRA contribution for 2011. In this interest rate environment, I haven't seen as many of these deals thi ...

Special 3-Year CD Rate at Atlas Bank in New York City - Local Only - 5/19/2011

Atlas Bank has changed its CD specials. The 1-year and 2-year CD specials have ended, but there’s a new 3-year CD special that has a very competitive rate of 2.33% APY. Minimum deposit is $2,500 ...

Top CD Rates at Two Small New York City Institutions - 4/8/2011

If you live in New York City, look to the small institutions to find the best CD rates. Montauk Credit Union is one of these. It's a small one-office credit union located at 111 West 26th Street. It h ...

2011

2010

2009

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Atlas Bank Checking Account Rates

Apy	Min	Max	Product
0.10%	-	-	Charitable NOW Checking
0.05%	-	-	NOW Checking

Atlas Bank Savings Account Rates

Apy	Min	Max	Product
1.01%	-	-	Statement Savings
0.70%	-	-	First Home Club (FHC)
0.50%	-	-	Christmas Club
0.50%	-	-	Vacation Club
0.15%	-	-	IRA Savings
0.15%	-	-	ESA Savings
0.15%	$100	-	Business Charitable Savings
0.10%	-	-	Passbook Savings
0.05%	-	-	Business Statement Savings

Atlas Bank Money Market Rates

Apy	Min	Max	Product
0.20%	$75k	-	Business Charitable Money Market
0.15%	$75k	-	Business Money Market Savings
0.10%	$2,500	-	Money Market Savings

Atlas Bank CD Rates

Apy	Min	Max	Product
0.63%	$2,500	-	5 Year CD
0.60%	$2,500	-	Charitable 24 Month CD
0.55%	$2,500	-	2 Year CD
0.55%	$2,500	-	2 Year Business CD
0.55%	$2,500	-	Charitable 12 Month CD
0.54%	$2,500	-	30 Month CD
0.50%	$2,500	-	1 Year CD
0.50%	$2,500	-	1 Year Business CD
0.34%	$2,500	-	4 Year CD
0.34%	$2,500	-	3 Year Business CD
0.34%	$2,500	-	3 Year CD
0.30%	$2,500	-	15 Month CD
0.30%	$2,500	-	18 Month CD
0.25%	$2,500	-	6 Month CD
0.25%	$2,500	-	9 Month CD
0.25%	$2,500	-	6 Month Business CD

Atlas Bank IRA Rates

Apy	Min	Max	Product
0.63%	$2,500	-	5 Year ESA
0.63%	$2,500	-	5 Year IRA
0.63%	$2,500	-	5 Year Roth IRA
0.60%	$2,500	-	2 Year IRA
0.60%	$2,500	-	2 Year Roth IRA
0.60%	$2,500	-	2 Year ESA
0.55%	$2,500	-	1 Year IRA
0.55%	$2,500	-	1 Year Roth IRA
0.55%	$2,500	-	1 Year ESA
0.34%	$2,500	-	4 Year ESA
0.34%	$2,500	-	4 Year IRA
0.34%	$2,500	-	4 Year Roth IRA
0.34%	$2,500	-	3 Year ESA
0.34%	$2,500	-	3 Year IRA
0.34%	$2,500	-	3 Year Roth IRA

Rates updated: 5/24/2013

Data for Q4 2012

Institution Statistics

Atlas Bank
OTS #	05910
FDIC Certificate #	30783
BankRate Report	View
Year Established	1900
Employees	19
Primary Regulator	OCC
Assets and Liabilities
Assets	$106.47 million
Loans	$58.28 million
Deposits	$89.63 million
Equity Capital	$15.61 million
Loan Loss Allowance	$695,000
Unbacked Noncurrent Loans	$1.42 million
Historic Data - December 2011
Assets	$107.66 million
Equity Capital	$17.11 million
Loan Loss Allowance	$474,000
Unbacked Noncurrent Loans	$450,000
Profit Margin - Quarterly
Net Interest Margin	2.91%
Return on Assets	-0.56%
Return on Equity	-3.6%
Interest Income	$4.17 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Atlas Bank had $1.42 million in non-current loans and owned real-estate with $16.3 million in equity and loan loss allowances on hand to cover it. This gives Atlas Bank a Texas Ratio of 8.71% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Atlas Bank increased slightly from 2.56% as of December 31, 2011 to 8.71% as of December 31, 2012, resulting in a negative change of 240.35%. This indicates that the balance sheet and financial strength for Atlas Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Atlas Bank has increased its total deposits by $236,000, resulting in 0.26% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Atlas Bank has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Atlas Bank has $106.47 million in assets with $16.3 million in equity, resulting in a capitalization level of 15.31%, which is excellent.