$104M
total assets, March 31, 2011
Mountain Heritage Bank was a state nonmember bank in Clayton, GA. It failed on Jun 24, 2011, and First American Bank And Trust Company took over its deposits. At its last report it held $103.7 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2011
This bank failed
- Failed on
- Jun 24, 2011
- Assets
- $104M
- Deposits
- $89.6M
- Estimated cost
- $34.5M
- Deposits went to
- First American Bank And Trust Company, Athens, GA
Total assets
$104M
-12.8% in a year · -4.1% in a quarter
Deposits
$89.6M
-11.5% in a year · -3.1% in a quarter
Loans
$58.0M
-27.2% in a year · -4.2% in a quarter
Profit so far
-$1.7M
Jan 1 to Mar 31, 2011
Capital ratio
1.11%
-2.65 pts in a year
Return on assets
-6.46%
-5.27 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 550 Highway 441 South, Clayton, GA, 30525
- County
- Rabun
- Established
- Nov 10, 2003
- Failed
- Jun 24, 2011
- Employees
- 20
- Branches
- 2
- Id
- b57593
Quarter by quarter
December 31, 2003 to March 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 Mountain Heritage Bank?
$103.7 million in total assets and $89.6 million in deposits as of March 31, 2011, with assets down 12.8% from a year before. Its loans were $58.0 million.
How many branches does Mountain Heritage Bank have?
2 branches in Georgia as of June 30, 2026.
Is Mountain Heritage Bank profitable?
No: it lost $1.71 million from January 1 to March 31, 2011. Its return on assets was -6.46% a year; about 1% is typical.
When did Mountain Heritage Bank fail?
Jun 24, 2011. First American Bank And Trust Company of Athens, GA took over its deposits. The estimated cost of the failure was $34.5 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.