Rochester, NY 8/27/2009 5:07:20 PM
Atlantic Coast Federal Corp. Quarterly operating Reports
Atlantic Coast Federal Corporation
Atlantic Coast Federal a federally-chartered and insured stock savings association serves southeastern Georgia and the Jacksonville Florida metropolitan area. Atlantic Coast Federal Corp. has a market cap of $30.9 million; its shares were traded at around $2.3 with and P/S ratio of 0.4. The dividend yield of Atlantic Coast Federal Corp. stocks is 1.7%.
General. Total assets at June 30, 2009 as compared to the month December 31, 2008 decreased $9.5 million, to $986.6 million from $996.1 million. Gross loans declined $59.7 million, partially offset by higher investments in available for sale securities and cash and cash equivalents. An increase in deposits nearly offset reduced borrowings from FHLB of Atlanta.Securities available for sale. Securities available for sale are composed principally of debt securities of U.S. Government-sponsored enterprises, and mortgage-backed securities.
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