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Overview / Commentary
718-768-4800
689 Fifth Avenue
Brooklyn, NY 11215

Atlas Bank is headquartered in Brooklyn and is the 143rd largest bank in the state of New York. It is also the 4,368th largest bank in the nation. It was established in 1900 and as of March of 2014, it had grown to 17 employees at 2 locations. Atlas Bank's money market rates are 59% higher than the national average, and it has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Atlas Bank had $802,000 in non-current loans and owned real-estate with $15.53 million in equity and loan loss allowances on hand to cover it. This gives Atlas Bank a Texas Ratio of 5.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Atlas Bank decreased dramatically from 8.28% as of March 31, 2013 to 5.16% as of March 31, 2014, resulting in a positive change of 37.63%.This indicates that the balance sheet and financial strength for Atlas Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Atlas Bank has decreased its total deposits by -$3.24 million, resulting in -3.65% 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 below average.

Capitalization

GRADE:
A+

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 $116.23 million in assets with $15.53 million in equity, resulting in a capitalization level of 13.36%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30783
Year Established1900
Employees17
Primary RegulatorOCC
Assets and Liabilities
Assets$116.23 million
Loans$69.77 million
Deposits$85.33 million
Equity Capital$14.80 million
Loan Loss Allowance$729,000
Unbacked Noncurrent Loans$802,000
Real Estate Owned$0
Historic Data - March 2013
Assets$105.11 million
Equity Capital$16.06 million
Loan Loss Allowance$713,000
Unbacked Noncurrent Loans$802,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.98%
Return on Assets-0.08%
Return on Equity-0.6%
Interest Income$1.02 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Atlas Bank, we are a rate comparison website and can not provide official rates or promotions.

Atlas Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.70%$100-First Home Club (FHC)
0.50%$100-Statement Savings
0.25%$250-IRA Savings
0.25%$250-ESA Savings
0.25%--Christmas Club
0.25%--Vacation Club
0.15%$100-Business Charitable Savings
0.10%$100-Passbook Savings
0.05%$100-Business Statement Savings

Atlas Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.70%$25k-Money Market Savings
0.70%$75k-Business Money Market
0.70%$75k-Business Charitable Money Market

Atlas Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-NOW Checking
0.10%$25-Charitable NOW Checking

Atlas Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.90%$2,500-5 Year CD
1.50%$2,500-4 Year CD
1.01%$2,500-6 Month CD
1.01%$2,500-Business 6 Month CD
1.00%$2,500-Business 3 Year CD
1.00%$2,500-3 Year CD
0.90%$2,500-30 Month CD
0.85%$2,500-2 Year CD
0.85%$2,500-Business 2 Year CD
0.85%$2,500-Charitable 24 Month CD
0.60%$2,500-1 Year CD
0.60%$2,500-18 Month CD
0.45%$2,500-Business 1 Year CD
0.45%$2,500-Charitable 12 Month CD
0.30%$2,500-15 Month CD
0.25%$2,500-9 Month CD

Atlas Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.90%$2,500-5 Year IRA
1.50%$2,500-4 Year IRA
1.00%$2,500-3 Year IRA
0.85%$2,500-2 Year IRA
0.60%$2,500-1 Year IRA
Locations


Atlas Bank Locations
Branch 2 Branch339 Sand LaneStaten Island, NY 10305
Atlas Bank689 Fifth AveBrooklyn, NY 11215