Rochester,NY 8/29/2009 9:45:42 PM
Atlantic Coast Federal Corporation.,ACFC-Recently filed Operating Results (10-Q)
Atlantic Coast Federal Corporation
Aug. 14, 2009, Atlantic Coast Federal Corp. (ACFC) recently filed Quarterly Report for the period ended 2009-06-30.
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%.
Highlight of Business Operations:
General. Total assets at June 30, 2009 as compared to December 31, 2008 decreased $9.5 million, to $986.6 million from $996.1 million. Gross loans decreased $59.7 million, partially offset by higher investments in available for sale securities and cash and cash equivalents. An rise in deposits nearly offset reduced borrowings from FHLB of Atlanta.
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