American Southern Bank
Kennesaw, GA · Owner: American Southern Bcorp Inc
$106M
total assets, March 31, 2009
$106M
total assets, March 31, 2009
American Southern Bank was a state nonmember bank in Kennesaw, GA, owned by American Southern Bcorp Inc. It failed on Apr 24, 2009, and Bank Of North Georgia took over its deposits. At its last report it held $106.0 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2009
This bank failed
- Failed on
- Apr 24, 2009
- Assets
- $106M
- Deposits
- $106M
- Estimated cost
- $32.8M
- Deposits went to
- Bank Of North Georgia, Alpharetta, GA
Total assets
$106M
+54.3% in a year · -3.7% in a quarter
Deposits
$106M
+81.6% in a year · +3.7% in a quarter
Loans
$62.9M
+14.2% in a year · -2.8% in a quarter
Profit so far
-$839K
Jan 1 to Mar 31, 2009
Capital ratio
-0.37%
-14.78 pts in a year
Return on assets
-3.11%
-2.01 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 745 Chastain Road, Kennesaw, GA, 30144
- County
- Cobb
- Holding company
- American Southern Bcorp Inc
- Established
- Aug 30, 2005
- Failed
- Apr 24, 2009
- Employees
- 13
- Branches
- 2
- Id
- b57943
Quarter by quarter
September 30, 2005 to March 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is American Southern Bank?
$106.0 million in total assets and $105.9 million in deposits as of March 31, 2009, with assets up 54.3% from a year before. Its loans were $62.9 million.
How many branches does American Southern Bank have?
2 branches in Georgia as of June 30, 2026.
Is American Southern Bank profitable?
No: it lost $839,000 from January 1 to March 31, 2009. Its return on assets was -3.11% a year; about 1% is typical.
Who owns American Southern Bank?
American Southern Bank is owned by American Southern Bcorp Inc, its holding company.
When did American Southern Bank fail?
Apr 24, 2009. Bank Of North Georgia of Alpharetta, GA took over its deposits. The estimated cost of the failure was $32.8 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.