First National Bank of Georgia
Carrollton, GA · Owner: WGNB Corp
$841M
total assets, December 31, 2009
$841M
total assets, December 31, 2009
First National Bank of Georgia was a national bank in Carrollton, GA, owned by WGNB Corp. It failed on Jan 29, 2010, and Community & Southern Bank took over its deposits. At its last report it held $840.6 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Jan 29, 2010
- Assets
- $841M
- Deposits
- $780M
- Estimated cost
- $204M
- Deposits went to
- Community & Southern Bank, Carrollton, GA
Total assets
$841M
-5.4% in a year · +1.0% in a quarter
Deposits
$780M
+2.3% in a year · +2.9% in a quarter
Loans
$565M
-10.4% in a year · -3.9% in a quarter
Profit so far
-$66.6M
Jan 1 to Dec 31, 2009
Capital ratio
-0.38%
-7.42 pts in a year
Return on assets
-7.71%
-4.32 pts in a year
Facts
- Type
- National bank
- Head office
- 201 Maple Street, Carrollton, GA, 30117
- County
- Carroll
- Holding company
- WGNB Corp
- Established
- Sep 16, 1946
- Failed
- Jan 29, 2010
- Employees
- 200
- Branches
- 16
- Id
- b16480
Quarter by quarter
March 31, 1984 to December 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 First National Bank of Georgia?
$840.6 million in total assets and $780.2 million in deposits as of December 31, 2009, with assets down 5.4% from a year before. Its loans were $564.8 million.
How many branches does First National Bank of Georgia have?
16 branches in Georgia as of June 30, 2026.
Is First National Bank of Georgia profitable?
No: it lost $66.6 million from January 1 to December 31, 2009. Its return on assets was -7.71% a year; about 1% is typical.
Who owns First National Bank of Georgia?
First National Bank of Georgia is owned by WGNB Corp, its holding company.
When did First National Bank of Georgia fail?
Jan 29, 2010. Community & Southern Bank of Carrollton, GA took over its deposits. The estimated cost of the failure was $203.9 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.