Chestatee State Bank
Dawsonville, GA · Owner: Chestatee Bancshares Inc
$244M
total assets, September 30, 2010
$244M
total assets, September 30, 2010
Chestatee State Bank was a state nonmember bank in Dawsonville, GA, owned by Chestatee Bancshares Inc. It failed on Dec 17, 2010, and Bank Of The Ozarks took over its deposits. At its last report it held $244.4 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2010
This bank failed
- Failed on
- Dec 17, 2010
- Assets
- $244M
- Deposits
- $240M
- Estimated cost
- $83.1M
- Deposits went to
- Bank Of The Ozarks, Little Rock, AR
Total assets
$244M
-16.0% in a year · -5.4% in a quarter
Deposits
$240M
-10.5% in a year · -2.7% in a quarter
Loans
$171M
-16.4% in a year · -5.9% in a quarter
Profit so far
-$11.1M
Jan 1 to Sep 30, 2010
Capital ratio
0.85%
-4.51 pts in a year
Return on assets
-5.69%
-3.83 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 6639 Highway 53 East, Dawsonville, GA, 30534
- County
- Dawson
- Holding company
- Chestatee Bancshares Inc
- Established
- May 15, 1998
- Failed
- Dec 17, 2010
- Employees
- 59
- Branches
- 4
- Id
- b34578
Quarter by quarter
June 30, 1998 to September 30, 2010
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 Chestatee State Bank?
$244.4 million in total assets and $240.5 million in deposits as of September 30, 2010, with assets down 16.0% from a year before. Its loans were $170.6 million.
How many branches does Chestatee State Bank have?
4 branches in Georgia as of June 30, 2026.
Is Chestatee State Bank profitable?
No: it lost $11.1 million from January 1 to September 30, 2010. Its return on assets was -5.69% a year; about 1% is typical.
Who owns Chestatee State Bank?
Chestatee State Bank is owned by Chestatee Bancshares Inc, its holding company.
When did Chestatee State Bank fail?
Dec 17, 2010. Bank Of The Ozarks of Little Rock, AR took over its deposits. The estimated cost of the failure was $83.1 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.