The Graveyard › Banks › 2011
North Georgia Bank
Watkinsville, GA · failed February 4, 2011 · FDIC certificate 35242
North Georgia Bank of Watkinsville, GA failed on February 4, 2011. It opened on April 17, 2000, 10 years before. At its last report before that it held $153.2 million in assets and $139.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $196.4 million. The FDIC estimates that the Deposit Insurance Fund lost $48.2 million on it.
2000-062010-12
Assets at the end$153.2 millionlast report before February 4, 2011
Deposits at the end$139.7 million
Estimated loss to the fund$48.2 millionDIF
Largest in the quarterly reports$196.4 millionMarch 31, 2009
Equity to assets0.4%December 31, 2010
Loans not being repaid28.8%noncurrent, December 31, 2010
Return on assets-4.52%a year's rate, December 31, 2010
Staff27full time, December 31, 2010
Also ended in 2011
- Superior Bank · Birmingham, AL · $3.0 billion in assets
- First Community Bank · Taos, NM · $2.2 billion in assets
- United Western Bank · Denver, CO · $2.2 billion in assets
- Integra Bank National Association · Evansville, IN · $2.0 billion in assets
- Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
- Community Banks of Colorado · Greenwood Village, CO · $1.3 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.