First Cherokee State Bank
Woodstock, GA · Owner: Acru Inc
$209M
total assets, June 30, 2012
$209M
total assets, June 30, 2012
First Cherokee State Bank was a state nonmember bank in Woodstock, GA, owned by Acru Inc. It failed on Jul 20, 2012, and Community & Southern Bank took over its deposits. At its last report it held $209.0 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2012
This bank failed
- Failed on
- Jul 20, 2012
- Assets
- $209M
- Deposits
- $182M
- Estimated cost
- $36.2M
- Deposits went to
- Community & Southern Bank, Atlanta, GA
Total assets
$209M
-14.3% in a year · -6.2% in a quarter
Deposits
$182M
-12.4% in a year · -5.8% in a quarter
Loans
$132M
-13.4% in a year · -6.4% in a quarter
Profit so far
-$4.6M
Jan 1 to Jun 30, 2012
Capital ratio
0.09%
-3.49 pts in a year
Return on assets
-4.23%
-1.93 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 9860 Highway 92, Woodstock, GA, 30188
- County
- Cherokee
- Holding company
- Acru Inc
- Established
- Nov 27, 1989
- Failed
- Jul 20, 2012
- Employees
- 55
- Branches
- 3
- Id
- b32711
Quarter by quarter
December 31, 1989 to June 30, 2012
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 First Cherokee State Bank?
$209.0 million in total assets and $182.1 million in deposits as of June 30, 2012, with assets down 14.3% from a year before. Its loans were $131.8 million.
How many branches does First Cherokee State Bank have?
3 branches in Georgia as of June 30, 2026.
Is First Cherokee State Bank profitable?
No: it lost $4.61 million from January 1 to June 30, 2012. Its return on assets was -4.23% a year; about 1% is typical.
Who owns First Cherokee State Bank?
First Cherokee State Bank is owned by Acru Inc, its holding company.
When did First Cherokee State Bank fail?
Jul 20, 2012. Community & Southern Bank of Atlanta, GA took over its deposits. The estimated cost of the failure was $36.2 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.