PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Atlas Bank

New York, NY · Cert 30783

FDIC

Q1 2014

$116.2MAssets
$70.5MLoans
$85.3MDeposits
$14.8MEquity
Deposit mix
90%Interest-bearing $77.1M10%Noninterest $8.2MQ1 2013Q1 2014

NIM

4.47%Q1 ’123.62%Q1 ’133.54%Q1 ’14-19%+6%

Non-interest income vs. expense

2.06%Q1 ’123.63%Q1 ’133.08%Q1 ’14+80%-14%

Executive Summary

  • Earnings: ROA of -0.08%, up 49 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 82.62% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

-0.08%+49 bps YoY

Net Interest Margin (quarter, annualized)

2.81%+15 bps YoY

Efficiency Ratio (quarter, annualized)

107.41%-2,384 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets-0.56%-0.90%-0.83%-0.28%-0.08%+49 bps
Return on Equity-3.69%-6.16%-6.02%-2.09%-0.60%+309 bps
Net Interest Margin2.65%2.94%3.11%2.82%2.81%+15 bps
Efficiency Ratio131.25%151.82%141.41%116.04%107.41%-2,384 bps
Non-Interest Burden3.52%4.49%4.43%3.29%3.02%-50 bps
Growth
Asset Growth (YoY)-2.47%1.12%2.41%5.48%10.58%+1,305 bps
Loan Growth (YoY)-10.97%-9.69%13.10%17.46%23.29%+3,426 bps
Deposit Growth (YoY)-2.00%-9.72%-11.41%-12.12%-3.65%-165 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.02%0.00%0.00%0.00%0 bps
Allowance / Loans1.25%1.28%1.05%1.05%1.03%-21 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital29.11%28.40%26.49%26.30%24.66%-445 bps
Equity / Assets15.28%14.08%13.68%13.08%12.74%-255 bps
Liquidity & Funding
Loans / Deposits64.57%68.89%86.71%87.94%82.62%+1,806 bps
Liquid Assets / Assets1.41%5.78%1.22%4.14%2.11%+69 bps
CRE / Total Capitaln/an/an/an/an/an/an/a