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



Atlas Bank is headquartered in Brooklyn and is the 156th largest bank in the state of New York. It is also the 4,754th largest bank in the nation. It was established in 1900 and as of September of 2011, it had grown to 18 employees at 2 locations. Atlas Bank's savings rates are 2X the national average, and it boasts a 5-star health rating.

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Special 1-Year & 2-Year CD Rates at Atlas Bank in New York City - Local Only - 3/15/2011

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Competitive 2-Year CD Rate at Atlas Savings in New York City - Local Only - 2/10/2011

Atlas Savings and Loan Association has recently raised its 2-year CD rate, and the rate is now quite competitive at 1.92% APY. There's also a good deal for the 3-year IRA CD with a 2.22% APY. Minimum ...

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

Atlas Bank Checking Account Rates

ApyMinMaxProduct
1.11%--Charitable NOW Checking
0.10%--NOW Checking

Atlas Bank Savings Account Rates

ApyMinMaxProduct
1.16%$100-Business Charitable Savings
0.70%--First Home Club (FHC)
0.65%--Christmas Club
0.65%--Vacation Club
0.25%--IRA Savings
0.25%--ESA Savings
0.20%--Statement Savings
0.20%--Passbook Savings
0.15%--Business Statement Savings

Atlas Bank Money Market Rates

ApyMinMaxProduct
0.70%$75k-Business Charitable Money Market
0.50%$75k-Business Money Market Savings
0.25%$2,500-Money Market Savings

Atlas Bank CD Rates

ApyMinMaxProduct
2.02%$2,500-5 Year CD
1.71%$2,500-Charitable 24 Month CD
1.61%$2,500-4 Year CD
1.61%$2,500-3 Year Business CD
1.56%$2,500-3 Year CD
1.36%$2,500-30 Month CD
1.31%$2,500-2 Year CD
1.31%$2,500-2 Year Business CD
1.31%$2,500-Charitable 12 Month CD
1.06%$2,500-18 Month CD
1.00%$2,500-15 Month CD
1.00%$2,500-1 Year Business CD
0.90%$2,500-1 Year CD
0.45%$2,500-6 Month CD
0.45%$2,500-9 Month CD
0.45%$2,500-6 Month Business CD

Atlas Bank IRA Rates

ApyMinMaxProduct
2.02%$2,500-5 Year ESA
2.02%$2,500-5 Year IRA
2.02%$2,500-5 Year Roth IRA
1.66%$2,500-4 Year ESA
1.66%$2,500-4 Year IRA
1.66%$2,500-4 Year Roth IRA
1.61%$2,500-3 Year ESA
1.61%$2,500-3 Year IRA
1.61%$2,500-3 Year Roth IRA
1.51%$2,500-2 Year IRA
1.51%$2,500-2 Year Roth IRA
1.51%$2,500-2 Year ESA
1.31%$2,500-1 Year IRA
1.31%$2,500-1 Year Roth IRA
1.31%$2,500-1 Year ESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Atlas Bank
OTS #05910
FDIC Certificate #30783
BankRate ReportView
Year Established1900
Employees18
Primary RegulatorOCC

Assets and Liabilities

Assets$107.59 million
Loans$63.87 million
Deposits$87.29 million
Equity Capital$16.90 million
Loan Loss Allowance$482,000
Unbacked Noncurrent Loans$543,000

Historic Data - September 2010

Assets$85.22 million
Equity Capital$16.76 million
Loan Loss Allowance$75,000
Unbacked Noncurrent Loans$450,000

Profit Margin - Quarterly

Net Interest Margin3.26%
Return on Assets-0.12%
Return on Equity-0.69%
Interest Income$3.04 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 September 30, 2011 Atlas Bank had $543,000 in non-current loans and owned real-estate with $17.38 million in equity and loan loss allowances on hand to cover it. This gives Atlas Bank a Texas Ratio of 3.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Atlas Bank held steady from 2.67% as of September 30, 2010 to 3.12% as of September 30, 2011, resulting in a negative change of 16.90%. This indicates that the balance sheet and financial strength for Atlas Bank has held steady in recent periods.
Deposit Growth5
In the past year, Atlas Bank has increased its total deposits by $20.64 million, resulting in 30.97% 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 excellent.
Capitalization5
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 $107.59 million in assets with $17.38 million in equity, resulting in a capitalization level of 16.15%, which is excellent.
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