First Community Bank of Cherokee
Woodstock, GA · Owner: First Community Corp
$35.6M
total assets, December 31, 1991
$35.6M
total assets, December 31, 1991
First Community Bank of Cherokee was a state nonmember bank in Woodstock, GA, owned by First Community Corp. It failed on Mar 31, 1992, and Etowah Bank took over its deposits. At its last report it held $35.6 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Mar 31, 1992
- Assets
- $35.6M
- Deposits
- $33.7M
- Estimated cost
- $6.9M
- Deposits went to
- Etowah Bank, Canton, GA
Total assets
$35.6M
-28.4% in a year · -6.6% in a quarter
Deposits
$33.7M
-25.2% in a year · -3.7% in a quarter
Loans
$23.0M
-28.6% in a year · -16.5% in a quarter
Profit so far
-$2.8M
Jan 1 to Dec 31, 1991
Capital ratio
-0.88%
-5.75 pts in a year
Return on assets
-6.47%
-3.36 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1650 Highway 92 West, Woodstock, GA, 30188
- County
- Cherokee
- Holding company
- First Community Corp
- Established
- Jan 11, 1988
- Failed
- Mar 31, 1992
- Employees
- 22
- Id
- b27146
Quarter by quarter
March 31, 1988 to December 31, 1991
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 Community Bank of Cherokee?
$35.6 million in total assets and $33.7 million in deposits as of December 31, 1991, with assets down 28.4% from a year before. Its loans were $23.0 million.
Is First Community Bank of Cherokee profitable?
No: it lost $2.82 million from January 1 to December 31, 1991. Its return on assets was -6.47% a year; about 1% is typical.
Who owns First Community Bank of Cherokee?
First Community Bank of Cherokee is owned by First Community Corp, its holding company.
When did First Community Bank of Cherokee fail?
Mar 31, 1992. Etowah Bank of Canton, GA took over its deposits. The estimated cost of the failure was $6.88 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.