Atlantic Bank National Association in Portland, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1997

  • Atlantic Bank National Association in Portland, Maine (ME)
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Atlantic Bank National Association - Overview

  • General
  • FDIC Certificate #: 25663
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 371308
    Date Established: September 10, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 16 (Interstate: No)
    OTS Docket #: 12532
    FDIC's unique #: 17564
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: September 10, 1984
    Last Structure Change Effective Date: October 01, 1997
    Last Structure Change Process Date: November 17, 1997
    Last Data Update: November 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 511 Congress Street, Portland, ME 4101
    County: Cumberland
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Portland, ME (#6400)
    Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
    Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860)
    CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
  • Financial Summary
  • Total assets: $465.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $177Total assets
  • $469,764Cash and due from depository institutions
  • $18,022Interest-bearing balances
  • $0Securities
  • $49,242Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $379,193Loan loss allowance
  • $4,974Trading account assets
  • $0Bank premises and fixed assets
  • $6,757Other real estate owned
  • $0Goodwill and other intangibles
  • $4,337Life insurance assets
  • $12,213All other assets
  • $0Total liabilities and capital
  • $469,764Total liabilities
  • $426,117Total deposits
  • $374,313Interest-bearing deposits
  • $329,955Deposits held in domestic offices
  • 374313.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $4,663Trading liabilities
  • $0Other borrowed funds
  • $45,163Subordinated debt
  • $0All other liabilities
  • $1,978Total equity capital
  • $1,978Total bank equity capital
  • $43,647Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $36,734Undivided profits
  • Memoranda
  • $3,913Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,810Income earned, not collected on loans
  • $2,054Earning assets
  • $428,435Long-term assets (5+ years)
  • $166,277Average Assets, year-to-date
  • $453,287Average Assets, quarterly
  • $470,438Volatile liabilities
  • $64,927Insider loans
  • $5,261FHLB advances
  • $0Loans and leases held for sale
  • $309Unused loan commitments
  • $76,729Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $31,760Total risk weighted assets
  • $315,444Total unused commitments
  • $0Restructured Loans and leases
  • $10,000Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $34,833Total interest expense
  • $17,348Net interest income
  • $17,485Provision for loan and lease losses
  • $989Total noninterest income
  • $2,306Fiduciary activities
  • $163Service charges on deposit accounts
  • $1,525Trading account gains & fees
  • $0Additional noninterest income
  • $618Total noninterest expense
  • $13,991Salaries and employee benefits
  • $5,768Premises and equipment expense
  • $2,467Additional noninterest expense
  • $5,756Pre-tax net operating income
  • $4,811Securities gains (losses)
  • $258Applicable income taxes
  • $1,742Income before extraordinary items
  • $3,327Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,327Net charge-offs
  • $786Cash dividends
  • $810Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.43%Cost of funding earning assets
  • 4.20%Net interest margin
  • 4.23%Noninterest income to earning assets
  • 0.56%Noninterest expense to earning assets
  • 3.38%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 1.12%Return on equity (ROE)
  • 7.82%Retained earnings to average equity (YTD only)
  • 5.91%Net charge-offs to loans
  • 0.21%Credit loss provision to net charge-offs
  • 125.83%Efficiency ratio
  • 65,909Assets per employee
  • 2.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.35%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 85.61%Noncurrent assets plus other real estate owned to assets
  • 1.24%Noncurrent loans to loans
  • 1.51%Net loans and leases to deposits
  • 101.30%Net loans and leases to core deposits
  • 109.21%Equity capital to assets
  • 9.29%Core capital (leverage) ratio
  • 7.00%Tier 1 risk-based capital ratio
  • 10.07%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $453,287Average earning assets
  • $42,563Average equity
  • $413,335Average loans

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