North Georgia Bank
Watkinsville, GA · Owner: North Georgia Bcorp Inc
$153M
total assets, December 31, 2010
$153M
total assets, December 31, 2010
North Georgia Bank was a state nonmember bank in Watkinsville, GA, owned by North Georgia Bcorp Inc. It failed on Feb 4, 2011, and Banksouth took over its deposits. At its last report it held $153.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2010
This bank failed
- Failed on
- Feb 4, 2011
- Assets
- $153M
- Deposits
- $140M
- Estimated cost
- $48.2M
- Deposits went to
- Banksouth, Greensboro, GA
Total assets
$153M
-15.5% in a year · -7.9% in a quarter
Deposits
$140M
-7.0% in a year · -4.5% in a quarter
Loans
$99.1M
-21.9% in a year · -11.9% in a quarter
Profit so far
-$7.6M
Jan 1 to Dec 31, 2010
Capital ratio
0.55%
-4.02 pts in a year
Return on assets
-4.52%
-1.80 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 7911 Macon Highway, Watkinsville, GA, 30677
- County
- Oconee
- Holding company
- North Georgia Bcorp Inc
- Established
- Apr 17, 2000
- Failed
- Feb 4, 2011
- Employees
- 27
- Branches
- 2
- Id
- b35242
Quarter by quarter
June 30, 2000 to December 31, 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 North Georgia Bank?
$153.2 million in total assets and $139.7 million in deposits as of December 31, 2010, with assets down 15.5% from a year before. Its loans were $99.1 million.
How many branches does North Georgia Bank have?
2 branches in Georgia as of June 30, 2026.
Is North Georgia Bank profitable?
No: it lost $7.59 million from January 1 to December 31, 2010. Its return on assets was -4.52% a year; about 1% is typical.
Who owns North Georgia Bank?
North Georgia Bank is owned by North Georgia Bcorp Inc, its holding company.
When did North Georgia Bank fail?
Feb 4, 2011. Banksouth of Greensboro, GA took over its deposits. The estimated cost of the failure was $48.2 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.