Atlantic National Bank in Brunswick, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Atlantic National Bank in Brunswick, Georgia (GA)
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Atlantic National Bank routing number info

Atlantic National Bank - Overview

  • General
  • FDIC Certificate #: 34677
    Status: Active
    Federal Reserve ID: 2727431
    Bank Holding Company (Regulatory Top Holder): Atlantic National Corporation (RSSDID: 2939739, Location: Brunswick, GA)
    Date Established: August 31, 1998
    WWW: http://www.atlanticnationalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 61188
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 31, 1998
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 710 Gloucester Street, Brunswick, GA 31520
    County: Glynn
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Brunswick, GA (#15260)
    CBSA Metro Statistical Area: Brunswick, GA (#15260)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $165.9 mil
    Equity capital: $12.5 mil
    Deposits held in domestic offices: $146.1 mil
    Return on assets (ROA): -0.41% (-$0.7 mil)
    Quarterly return on assets: 0.05% ($0.1 mil)
    Return on Equity (ROE): -5.94% (-$0.8 mil)
    Quarterly return on equity: 0.74% ($0.1 mil)
    Net income: -$0.7 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.41% (-$680.3 mil)
    Quarterly Pretax return on assets: 0.05% ($83.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $165,931Total assets
  • $40,430Cash and due from depository institutions
  • $36,239Interest-bearing balances
  • $4,239Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $113,321Net loans & leases
  • $3,618Loan loss allowance
  • $0Trading account assets
  • $2,070Bank premises and fixed assets
  • $3,971Other real estate owned
  • $0Goodwill and other intangibles
  • $165,931Life insurance assets
  • $1,900All other assets
  • $153,421Total liabilities and capital
  • $146,131Total liabilities
  • $125,468Total deposits
  • $146,131Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $790Subordinated debt
  • $12,510All other liabilities
  • $12,510Total equity capital
  • $12,510Total bank equity capital
  • $0Perpetual preferred stock
  • $825Common stock
  • $12,023Surplus
  • $-338Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $454Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,570Income earned, not collected on loans
  • $0Earning assets
  • $468Long-term assets (5+ years)
  • $153,799Average Assets, year-to-date
  • $17,627Average Assets, quarterly
  • $179,838Volatile liabilities
  • $173,906Insider loans
  • $98,091FHLB advances
  • $172,840Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,398Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,119Restructured Loans and leases
  • $4,950Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,255Total interest income
  • $2,076Total interest expense
  • $5,179Net interest income
  • $835Provision for loan and lease losses
  • $344Total noninterest income
  • $0Fiduciary activities
  • $344Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $5,509Total noninterest expense
  • $2,267Salaries and employee benefits
  • $361Premises and equipment expense
  • $2,881Additional noninterest expense
  • -$821Pre-tax net operating income
  • $75Securities gains (losses)
  • $0Applicable income taxes
  • -$746Income before extraordinary items
  • $0Extraordinary gains - net
  • -$746Net income attributable to bank
  • $0Net charge-offs
  • -$746Cash dividends
  • $2,377Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.34%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 3.10%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • -0.46%Net operating income to assets
  • -0.41%Return on assets (ROA)
  • -0.41%Pretax return on assets
  • -5.94%Return on equity (ROE)
  • -5.94%Retained earnings to average equity (YTD only)
  • 1.91%Net charge-offs to loans
  • 35.13%Credit loss provision to net charge-offs
  • 0.01%Efficiency ratio
  • 99,747Assets per employee
  • 4.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.09%Loss allowance to noncurrent loans
  • 55.07%Noncurrent assets plus other real estate owned to assets
  • 6.35%Noncurrent loans to loans
  • 5.62%Net loans and leases to deposits
  • 77.55%Net loans and leases to core deposits
  • 84.86%Equity capital to assets
  • 7.54%Core capital (leverage) ratio
  • 7.17%Tier 1 risk-based capital ratio
  • 12.64%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $179,838Average earning assets
  • $12,553Average equity
  • $167,179Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    061188Atlantic National Bank710 Gloucester Street, Brunswick, GA 31520August 31, 1998Full Service Brick and Mortar
    1290776St. Simons Branch1663 Frederica Road, St. Simons Island, GA 31522June 14, 1999Full Service Brick and Mortar
    2362778Brunswick Branch128 Altama Connector, Brunswick, GA 31525December 12, 2001Full Service Brick and Mortar

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