Vitals
  • Total Assets
    294.8M
  • Total Deposits
    212.6M
  • Total Net Loans
    127.8M
  • Net Income
    884000.0000
  • Book Value
    69.3M
  • Book Value x2
    138.7M
  • Book Value x3
    208.0M
ROAA

.484

ROAE

2.989

Efficiency Ratio

84.511

Net Interest Margin

3.964

Balance Sheet Highlights
Financial Highlights Atlantic Bank All Insured Commercial Banks in Maryland
Balance Sheet $(000)
Total Assets 294,769 367,417
Total Net Loans 127,840 253,975
Total Deposits 212,616 310,461
Total Equity 69,341 34,995
Profitability
Net Income 884 4,781
Return on Average Assets .484 1.284
Return on Average Equity 2.989 12.376
Net Interest Margin 3.964 4.254
Efficiency Ratio 84.511 62.07
Noninterest Income/Revenue 20.587 14.733
Balance Sheet Ratios
Loan-to-Deposit 60.127 81.072
Securities/Assets .102 .384
Total Equity/Total Assets .235 .095
Tangible Equity/Tangible Assets .22 .01
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 65,167 30,209
Tier 2 Capital 1,435 7,049
Total Capital 66,602 36,741
Total Risk Weighted Assets 191,690 250,146
Leverage Ratio 23.89 9.314
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 34 13.623
Total Capital Ratio 34.74 16.048

Timeline for Atlantic Bank

Branch Banking And Trust Company

Atlantic Bank was acquired by Branch Banking And Trust Company 20 years

View Profile Oct 11 2003

Bb&T Corporation

Bb&T Corporation became a new parent organization for Atlantic Bank.

View Profile Jul 02 2003

First Virginia Banks, Inc.

First Virginia Banks, Inc. became a new parent organization for Atlantic Bank.

View Profile Dec 29 1994

Farmers National Bancorp

Farmers National Bancorp became a new parent organization for Atlantic Bank.

View Profile Apr 01 1985

Atlantic Bank

Atlantic Bank was established 49 years ago and is currently headquartered in Ocean City, MD.

Jun 24 1974
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Branch Banking And Trust Company Buyer 217,378,053 Acquisition Discontinued 10/11/2003
Relationships Role Relationship Start Relationship End
Bb&T Corporation Parent 7/2/2003 10/10/2003
First Virginia Banks, Inc. Parent 12/29/1994 7/1/2003
Farmers National Bancorp Parent 4/1/1985 12/28/1994
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