Institution Statistics
| FirstAtlantic Bank | | OTS # | 16115 | | FDIC Certificate # | 35200 | | BankRate Report | View | | Year Established | 1999 | | Employees | 67 | | Primary Regulator | OCC |
Assets and Liabilities | | Assets | $319.13 million | | Loans | $207.57 million | | Deposits | $265.16 million | | Equity Capital | $41.59 million | | Loan Loss Allowance | $2.09 million | | Unbacked Noncurrent Loans | $11.47 million | | Real Estate Owned | $684,000 |
Historic Data - March 2011 | | Assets | $208.39 million | | Equity Capital | $39.87 million | | Loan Loss Allowance | $1.24 million | | Unbacked Noncurrent Loans | $5.50 million |
Profit Margin - Quarterly | | Net Interest Margin | 4.13% | | Return on Assets | 0.44% | | Return on Equity | 3.5% | | Interest Income | $3.81 million |
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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 March 31, 2012 FirstAtlantic Bank had $12.16 million in non-current loans and owned real-estate with $43.68 million in equity and loan loss allowances on hand to cover it. This gives FirstAtlantic Bank a Texas Ratio of 27.83% 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 FirstAtlantic Bank increased slightly from 13.39% as of March 31, 2011 to 27.83% as of March 31, 2012, resulting in a negative change of 107.89%. This indicates that the balance sheet and financial strength for FirstAtlantic Bank has declined slightly in recent periods. | | Deposit Growth |  | | In the past year, FirstAtlantic Bank has increased its total deposits by $113 million, resulting in 74.26% 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 FirstAtlantic Bank has shown is excellent. | | 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. FirstAtlantic Bank has $319.13 million in assets with $43.68 million in equity, resulting in a capitalization level of 13.69%, which is excellent. |
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