1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

BankAtlantic

BankAtlantic Locations
1750 E Sunrise Blvd
Fort Lauderdale, FL 33304
1-800-741-1700
www.bankatlantic.com

BankAtlantic is headquartered in Fort Lauderdale and is the 7th largest bank in the state of Florida. It is also the 213st largest bank in the nation. It was established in 1952 and as of December of 2011, it had grown to 1,028 employees at 78 locations. BankAtlantic's money market rates are 36% higher than the national average, but it has a 1-star health rating.

Related Posts

BB&T To Buy Bankatlantic’s Retail-Lending Unit In Florida (Forum) - 11/1/2011

From Bloomberg BB&T Corp., the ninth-largest U.S. bank by deposits, agreed to buy BankAtlantic Bancorp Inc.’s retail-lending unit, adding about $2.1 billion in loans and $3.3 billion in deposits. The acquisition will help BB&T expand it

PNC Buys 19 BankAtlantic Branches In The Tampa Metro Area (Forum) - 2/2/2011

From The St. Petersburg Times: Pittsburgh-based PNC Bank is making its first foray into the Tampa Bay market, buying all 19 of BankAtlantic's branches, $350 million in deposits and two related facilities in the region. BankAtlantic was hit hard by real



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See Rates for: Checking | Savings | Money Market

BankAtlantic Checking Account Rates

ApyMinMaxProduct
0.80%$100k-High Interest Checking
0.01%--50 Interest Checking

BankAtlantic Savings Account Rates

ApyMinMaxProduct
0.04%--Choice Savings with any personal BankAtlantic Checking
0.01%--Choice Savings

BankAtlantic Money Market Rates

ApyMinMaxProduct
1.01%$100k-"The Edge" Money Market with any personal BankAtlantic Checking
0.10%$100k-"The Edge" Money Market

Rates updated: 5/23/2012

Data for Q4 2011


Institution Statistics


BankAtlantic
OTS #05551
FDIC Certificate #30559
BankRate ReportView
Year Established1952
Employees1028
Primary RegulatorOCC

Assets and Liabilities

Assets$3.65 billion
Loans$2.54 billion
Deposits$3.29 billion
Equity Capital$297.58 million
Loan Loss Allowance$60.13 million
Unbacked Noncurrent Loans$260.91 million
Real Estate Owned$77.17 million

Historic Data - December 2010

Assets$4.47 billion
Equity Capital$286.65 million
Loan Loss Allowance$81.35 million
Unbacked Noncurrent Loans$287.59 million
Real Estate Owned$64.33 million

Profit Margin - Quarterly

Net Interest Margin3.5%
Return on Assets-0.06%
Return on Equity-0.75%
Interest Income$141.09 million

Institution Health


Overall Score:
1 out of 5
1
Texas Ratio1
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, 2011 BankAtlantic had $338.08 million in non-current loans and owned real-estate with $357.71 million in equity and loan loss allowances on hand to cover it. This gives BankAtlantic a Texas Ratio of 94.51% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for BankAtlantic held steady from 95.63% as of December 31, 2010 to 94.51% as of December 31, 2011, resulting in a positive change of 1.17%.This indicates that the balance sheet and financial strength for BankAtlantic has held steady in recent periods.
Deposit Growth1
In the past year, BankAtlantic has decreased its total deposits by -$610.92 million, resulting in -15.65% 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 BankAtlantic has shown is poor.
Capitalization3
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. BankAtlantic has $3.65 billion in assets with $357.71 million in equity, resulting in a capitalization level of 9.81%, which is average.
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Worst Community Relations Banking
1 stars - lynmark1 - Saturday, January 22, 2011 - 11:38 AM

I was abused and lied to about charges as well. I tried to move all my money into the checking from the other accounts to cover any charges that may show up after I underwent surgery and would not be able to veiw the account or make changes due to my incapacity. Well a charge did show up unexpectedly and I was soaked for hundreds of dollar until they finally tapped my other account for excessive fees. That is a crime, I had the money and they could have done better to retrieve the funds instaed of letting it get so high that they wiped out the account. Then they lied to me and siad they woould meet me half way on the charges and never did. BAD BUSINESS!

2

Worst Bank In History Of FL Banking
1 stars - DCCUstinks - Tuesday, December 14, 2010 - 6:52 AM

They stole $800 in unreasonable fees from me this year and I have made several complaints to office of thrift supervision.  Save yourself the migraines and go to ANY OTHER Bank,  They have third party horrible customer service.  Truth is they have NO customer service and could care less about the customer.  This is one bank I hope to see fail in the very near future.

1
 
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