The First National Bank of Atmore

The First National Bank of Atmore is headquartered in Atmore and is the 77^th largest bank in the state of Alabama. It is also the 3,841^st largest bank in the nation. It was established in 1915 and as of September of 2011, it had grown to 54 employees at 4 locations. The First National Bank of Atmore's money market rates are 14% higher than the national average, and it has a 4-star health rating.

The First National Bank of Atmore Checking Account Rates

The First National Bank of Atmore Savings Account Rates

The First National Bank of Atmore Money Market Rates

The First National Bank of Atmore CD Rates

The First National Bank of Atmore IRA Rates

Data for Q3 2011

Institution Statistics The First National Bank and Trust FDIC Certificate # 2779 BankRate Report View Year Established 1915 Employees 54 Primary Regulator OCC Assets and Liabilities Assets $151.02 million Loans $92.71 million Deposits $125.23 million Equity Capital $17.71 million Loan Loss Allowance $1.31 million Unbacked Noncurrent Loans $1.95 million Real Estate Owned $1.18 million Historic Data - September 2010 Assets $152.76 million Equity Capital $16.83 million Loan Loss Allowance $1.53 million Unbacked Noncurrent Loans $4.39 million Real Estate Owned $1.10 million Profit Margin - Quarterly Net Interest Margin 4.04% Return on Assets 0.49% Return on Equity 4.46% Interest Income $5.04 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 September 30, 2011 The First National Bank of Atmore had $3.13 million in non-current loans and owned real-estate with $19.02 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Atmore a Texas Ratio of 16.45% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The First National Bank of Atmore decreased significantly from 29.87% as of September 30, 2010 to 16.45% as of September 30, 2011, resulting in a positive change of 44.93%.This indicates that the balance sheet and financial strength for The First National Bank of Atmore has improved significantly in recent periods. Deposit Growth In the past year, The First National Bank of Atmore has decreased its total deposits by -$2.6 million, resulting in -2.03% 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 The First National Bank of Atmore has shown is below 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. The First National Bank of Atmore has $151.02 million in assets with $19.02 million in equity, resulting in a capitalization level of 12.59%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.