Atlantic Capital Bank (merged into SouthState Bank)
Atlantic Capital Bank reported total assets of $3.8 bn at Q4 2021, its last Call Report before it merged into SouthState Bank. The CET1 capital ratio at Atlantic Capital Bank was 14.22%, and the uninsured share of Atlantic Capital Bank was 76.24%. Source: FDIC Call Reports.
What sets Atlantic Capital Bank apart
Nothing in the latest data sets Atlantic Capital Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Atlantic Capital Bank?
The balance sheet of Atlantic Capital Bank at : assets $3.8 bn, deposits $3.3 bn, net loans $2.3 bn (loans equal to 70.37% of deposits). Securities make up 19.3% of total assets at Atlantic Capital Bank. Since , when Atlantic Capital Bank held $2.7 bn, its assets grew 40.0%. In the year to , deposits at Atlantic Capital Bank rose 4.9% while its total assets rose 5.6%. At , Atlantic Capital Bank employed 202 full-time equivalent staff across 3 offices, about $18.9 mn of assets per employee and $1.1 bn of deposits per office.
How much funding at Atlantic Capital Bank is uninsured?
At Atlantic Capital Bank, uninsured deposits (above the FDIC limit) made up 76.24% of domestic deposits at (-2.83 pp on a year earlier). In dollars, Atlantic Capital Bank estimated $2.5 bn of uninsured deposits.
Key facts, Q4 2021
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.3 bn | $3.2 bn (Q4 2020) | |
| Net loans and leases | $2.3 bn | $2.2 bn (Q4 2020) | |
| Loan-to-deposit ratio | 70.37% | 69.74% (Q4 2020) | |
| Tier 1 leverage ratio | 10.66% | 10.64% (Q4 2020) | |
| Total risk-based capital ratio | 15.08% | 15.40% (Q4 2020) | |
| Net interest margin | 2.87% | 3.28% (Q4 2020) | |
| Return on assets (ROA) | 1.42% | 0.88% (Q4 2020) | |
| Efficiency ratio | 50.67% | 51.29% (Q4 2020) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $9.9 mn | Fell by $4.5 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $2.2 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.18% | 0.22% (Q4 2020) | |
| Net charge-offs to average loans | 0.06% | 0.11% (Q4 2020) |
US rank of Atlantic Capital Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Atlantic Capital Bank: assets, deposits and loans
- Total assets $3.8bn
- Deposits $3.3bn
- Net loans $2.3bn
Capital and securities
The CET1 ratio of Atlantic Capital Bank stood at 14.22% in , +0.07 pp year on year. Low and high at Atlantic Capital Bank since : 11.05% () to 14.81% (). Equity capital of Atlantic Capital Bank at : $440.7 mn, or 11.5% of total assets. Atlantic Capital Bank also reported a total capital ratio of 15.08% for , and a tier 1 leverage ratio of 10.66%.
On held-to-maturity securities, Atlantic Capital Bank carried an unrealized gain of $9.9 mn at , equal to 2.3% of equity capital. The gain fell by $4.5 mn over the year. Its deepest point: $1.7 mn in . The available-for-sale portfolio of Atlantic Capital Bank showed an unrealized loss of $2.2 mn at ; the loss turned from a gain into a loss over the year.
Atlantic Capital Bank: capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 11%
Atlantic Capital Bank: unrealized securities gains and losses
- Available for sale -$2mn
- Held to maturity $10mn
Profitability and loan quality
For the year to , Atlantic Capital Bank earned a return on equity of 13.02%; return on assets: 1.42%. Net interest margin at Atlantic Capital Bank: 2.87%, -0.41 pp in a year. Atlantic Capital Bank net income: $54.3 mn, up 105.2% year on year. The efficiency ratio of Atlantic Capital Bank was 50.67%: about 51 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 0.18% of total loans at Atlantic Capital Bank; net charge-offs: 0.06% of average loans. Gross loans and leases at Atlantic Capital Bank: $2.4 bn at , against $2.2 bn at .
Atlantic Capital Bank: profitability
- Return on equity 13%
- Net interest margin 2.9%
- Return on assets 1.4%
Peer group of Atlantic Capital Bank
The peer group of Atlantic Capital Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Atlantic Capital Bank (national bank) and 0 have head offices in Georgia. Against them, Atlantic Capital Bank shows CET1 ratio 14.22% against a peer median of 13.86%, return on equity 13.02% against a peer median of 11.59% and uninsured deposit share 76.24% against a peer median of 18.96%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Texas Bank and Trust Company | State nonmember bank | TX | $3.9 bn | 13.61% | 11.41% | 44.76% | |
| First National Bank Texas | National bank | TX | $3.8 bn | 22.80% | 17.44% | 5.17% | |
| First State Community Bank | State nonmember bank | MO | $3.8 bn | 10.91% | 14.55% | 13.28% | |
| Atlantic Capital Bank | National bank | GA | $3.8 bn | 14.22% | 13.02% | 76.24% | |
| International Bank of Commerce | State nonmember bank | TX | $3.8 bn | 19.80% | 11.76% | 28.57% | |
| Bar Harbor Bank & Trust | State nonmember bank | ME | $3.7 bn | 13.21% | 9.56% | 12.37% | |
| VeraBank | National bank | TX | $3.7 bn | 14.10% | 11.27% | 24.64% | |
. FDIC Call Reports.
Last eight quarters
Two years at Atlantic Capital Bank, to : assets $2.7 bn to $3.8 bn, deposits $2.2 bn to $3.3 bn, equity $369.9 mn to $440.7 mn. Staff 208 to 202.
| Metric | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.7 bn | $2.9 bn | $2.9 bn | $3.6 bn | $3.7 bn | $3.8 bn | $4.2 bn | $3.8 bn |
| Total deposits | $2.2 bn | $2.4 bn | $2.5 bn | $3.2 bn | $3.3 bn | $3.3 bn | $3.7 bn | $3.3 bn |
| Bank equity capital | $369.9 mn | $374.8 mn | $385.1 mn | $395.5 mn | $402.3 mn | $417.5 mn | $429.7 mn | $440.7 mn |
| CET1 ratio | 13.24% | 13.14% | 14.37% | 14.15% | 14.66% | 14.54% | 14.63% | 14.22% |
| Return on equity (ROE) | 3.32% | 3.19% | 5.64% | 6.99% | 14.52% | 13.53% | 13.56% | 13.02% |
| Uninsured share of domestic deposits | 80.48% | 78.05% | 75.99% | 79.07% | 76.26% | 79.80% | 78.79% | 76.24% |
| Full-time equivalent employees | 208 | 208 | 202 | 201 | 209 | 211 | 212 | 202 |
| Number of offices | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Atlantic Capital Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Atlantic Capital Bank (FDIC certificate 58492).
- . Merged into SouthState Bank, National Association (FDIC certificate 33555).
Questions and identifiers
What were the total assets of Atlantic Capital Bank?
Atlantic Capital Bank reported $3.8 bn at in its Call Report.
Is Atlantic Capital Bank the same as its holding company?
No. This page covers Atlantic Capital Bank, FDIC certificate 35525; ATLANTIC CAPITAL BANCSHARES (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Atlantic Capital Bank profitable?
Atlantic Capital Bank reported net income of $54.3 mn for the year to ; annualized return on equity: 13.02%. So yes: Atlantic Capital Bank made a profit over these months.
When is data for Atlantic Capital Bank next updated?
Atlantic Capital Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Atlantic Capital Bank?
In the FDIC BankFind Suite record for certificate 35525, and in the Call Reports of Atlantic Capital Bank (RSSD ID 3555695) at the FFIEC Central Data Repository.