The Graveyard › Banks › 2010

Appalacian Community Bank, F.S.B.

Mccaysville, GA · failed December 17, 2010 · FDIC certificate 58495

Appalacian Community Bank, F.S.B. of Mccaysville, GA failed on December 17, 2010. It opened on April 23, 2007, 3 years before. At its last report before that it held $68.2 million in assets and $76.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $93.8 million. The FDIC estimates that the Deposit Insurance Fund lost $28.5 million on it.

2007-062010-09

Assets at the end$68.2 millionlast report before December 17, 2010

Deposits at the end$76.4 million

Estimated loss to the fund$28.5 millionDIF

Largest in the quarterly reports$93.8 millionSeptember 30, 2008

Equity to assets-12.1%September 30, 2010

Loans not being repaid39.3%noncurrent, September 30, 2010

Return on assets-22.48%a year's rate, September 30, 2010

Staff22full time, September 30, 2010

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Also ended in 2010

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Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
Frontier Bank · Everett, WA · $3.3 billion in assets
Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 billion in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.