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Georgia's Strongest and Weakest Banks

Georgia Banks With the Weakest Loan Quality

Fifteen Georgia institutions were included in's list of Undercapitalized Banks and Thrifts, which was published Aug. 28 and based on June 30 financial reports. Of 116 undercapitalized institutions on the list, 14 have failed. From 89 banks and thrifts on a similar list published in May, more than half have failed.

There were 45 Georgia banks and thrifts with nonperforming-assets ratios above 10% as of June 30, the most for any state, although Florida ran a close second, with 42. Nonperforming assets include nonaccrual loans, accruing loans past due 90 days or more and repossessed real estate.

Georgia Banks and S&Ls with Nonperforming Assets Exceeding 15%
Source: SNL Financial

All of the listed banks were assigned financial-strength ratings of E-plus (very weak) or lower.

Strongest Georgia Banks and Thrifts

Based on June 30 financial reports, 18 Georgia institutions were rated B-plus (good) or above, down from 24 the previous quarter.

Georgia Banks and S&Ls Rated B+ or Higher
Source: SNL Financial Ratings uses a very conservative model to assign bank and thrift financial-strength ratings, placing the greatest weight on capital strength, credit quality and earnings stability.

Most of the highest-rated Georgia banks and thrifts had nonperforming-asset ratios of less than 1%. Those that didn't had total risk-based capital ratios greatly exceeding the 10% required for most institutions to be considered well-capitalized under regulatory guidelines. In fact, 10 of the 18 had total risk-based capital ratios exceeding 20%.

The largest Georgia bank with a rating of B-plus or higher was First American Bank and Trust Co. of Athens, which had $374 million in total assets as of June 30, and was assigned a financial-strength rating of A-minus (excellent).

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