Central Bank of Georgia
Ellaville, GA · Owner: Middle Georgia Corp
$279M
total assets, December 31, 2011
$279M
total assets, December 31, 2011
Central Bank of Georgia was a state nonmember bank in Ellaville, GA, owned by Middle Georgia Corp. It failed on Feb 24, 2012, and Ameris Bank took over its deposits. At its last report it held $278.9 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2011
This bank failed
- Failed on
- Feb 24, 2012
- Assets
- $279M
- Deposits
- $267M
- Estimated cost
- $51.8M
- Deposits went to
- Ameris Bank, Moultrie, GA
Total assets
$279M
+3.1% in a year · +3.3% in a quarter
Deposits
$267M
+8.8% in a year · +4.1% in a quarter
Loans
$188M
-7.6% in a year · -3.8% in a quarter
Profit so far
-$13.4M
Jan 1 to Dec 31, 2011
Capital ratio
0.45%
-4.69 pts in a year
Return on assets
-4.90%
-3.38 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 285 South Broad Street, Ellaville, GA, 31806
- County
- Schley
- Holding company
- Middle Georgia Corp
- Established
- Sep 16, 1910
- Failed
- Feb 24, 2012
- Employees
- 57
- Branches
- 5
- Id
- b5687
Quarter by quarter
March 31, 1984 to December 31, 2011
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 Central Bank of Georgia?
$278.9 million in total assets and $266.6 million in deposits as of December 31, 2011, with assets up 3.1% from a year before. Its loans were $187.7 million.
How many branches does Central Bank of Georgia have?
5 branches in Georgia as of June 30, 2026.
Is Central Bank of Georgia profitable?
No: it lost $13.4 million from January 1 to December 31, 2011. Its return on assets was -4.90% a year; about 1% is typical.
Who owns Central Bank of Georgia?
Central Bank of Georgia is owned by Middle Georgia Corp, its holding company.
When did Central Bank of Georgia fail?
Feb 24, 2012. Ameris Bank of Moultrie, GA took over its deposits. The estimated cost of the failure was $51.8 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.