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Thursday, 08/15/2013 7:02:46 PM

Thursday, August 15, 2013 7:02:46 PM

Post# of 13
Company Background



Atlantic Bancshares, Inc. serves as a bank holding company for its subsidiary Atlantic Community Bank (the Bank). The principal business activity of the Bank is to provide banking services to domestic markets, in the Beaufort County region of South Carolina. As of December 31, 2011, the Company's loans portfolio included construction and land development loans, residential real estate loans, commercial real estate loans, commercial other loans and consumer loans. As of December 31, 2011, the Company's total loans receivable was $ 64.335 million. The Company's investment portfolio includes mortgage-backed securities and municipal securities. As of December 31, 2011, the Company's total investment securities were $ 6.148 million. As of December 31, 2011, the Company had certificate of deposits amounted to $ 30.405 million.


http://www.atlanticcommunitybank.com

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