Atlas Bank in Brooklyn, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Atlas Bank in Brooklyn, New York (NY)
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Atlas Bank - Overview

  • General
  • FDIC Certificate #: 30783
    Status: Active
    Federal Reserve ID: 82079
    Date Established: January 01, 1900
    WWW: http://www.atlasbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 5910
    FDIC's unique #: 43617
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: September 26, 1955
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 689 Fifth Ave, Brooklyn, NY 11215
    County: Kings
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): New York, NY (#5600)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $107.7 mil
    Equity capital: $17.1 mil
    Deposits held in domestic offices: $89.4 mil
    Return on assets (ROA): 0.14% ($0.2 mil)
    Quarterly return on assets: 0.82% ($0.9 mil)
    Return on Equity (ROE): 0.78% ($0.1 mil)
    Quarterly return on equity: 5.20% ($0.9 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.61% ($656.7 mil)
    Quarterly Pretax return on assets: 1.57% ($1,690.2 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
  • 18Total employees (full-time equivalent)
  • $107,659Total assets
  • $1,658Cash and due from depository institutions
  • $1,205Interest-bearing balances
  • $30,467Securities
  • $6,521Federal funds sold & reverse repurchase agreements
  • $64,910Net loans & leases
  • $474Loan loss allowance
  • $0Trading account assets
  • $1,401Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $107,659Life insurance assets
  • $2,702All other assets
  • $90,549Total liabilities and capital
  • $89,391Total liabilities
  • $87,958Total deposits
  • $89,391Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,158Subordinated debt
  • $17,110All other liabilities
  • $17,110Total equity capital
  • $17,110Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $17,110Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $450Income earned, not collected on loans
  • $0Earning assets
  • $536Long-term assets (5+ years)
  • $103,103Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $98,391Volatile liabilities
  • $107,626Insider loans
  • $59,069FHLB advances
  • $107,747Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,174Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $532Restructured Loans and leases
  • $1,643Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,300Total interest income
  • $1,139Total interest expense
  • $3,161Net interest income
  • $399Provision for loan and lease losses
  • $151Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $151Additional noninterest income
  • $2,309Total noninterest expense
  • $1,213Salaries and employee benefits
  • $514Premises and equipment expense
  • $582Additional noninterest expense
  • $604Pre-tax net operating income
  • $0Securities gains (losses)
  • $471Applicable income taxes
  • $133Income before extraordinary items
  • $0Extraordinary gains - net
  • $133Net income attributable to bank
  • $0Net charge-offs
  • $133Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.59%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 2.47%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 0.78%Return on equity (ROE)
  • 0.78%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 69,716Assets per employee
  • 5.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.72%Loss allowance to noncurrent loans
  • 105.33%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 72.61%Net loans and leases to core deposits
  • 79.72%Equity capital to assets
  • 15.89%Core capital (leverage) ratio
  • 15.94%Tier 1 risk-based capital ratio
  • 29.07%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $98,391Average earning assets
  • $16,960Average equity
  • $93,645Average loans

List of branches

  • 2 New York Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    043617Atlas Bank689 Fifth Ave, Brooklyn, NY 11215January 01, 1900Full Service Brick and Mortar
    1522124Branch 2 Branch339 Sand Lane, Staten Island, NY 10305July 01, 2010Full Service Brick and Mortar

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