Interested in more on United Community Banks? See TheStreet Ratings' report card for
Among Georgia's largest 10 banks,
BB&T Financial FSB
continues to post the strongest earnings results, with a first-quarter net income of 45.92 million and an ROA of 6.96%.
With $2.7 billion in assets, the thrift is a relatively small subsidiary of
(BBT - Get Report)
of Winston-Salem, N.C., but contributes very solid profits by focusing on credit card lending, with a subsidiary specializing in issuing retail gift certificates, as well as a wholesale mortgage lending unit.
Interested in more on BB&T? See TheStreet Ratings' report card for
Strongest Georgia Banks and Thrifts
Based on fourth-quarter financial reports, only nine out of 236 Georgia institutions were assigned "recommended" ratings of B-plus or above by Weiss Ratings:
The list is sorted by rating, and then alphabetically by institution name.
All of the Georgia banks and thrifts on Weiss's recommended list were strongly capitalized as of March 31, with total risk-based capital ratios exceeding 15%, while all but two had total risk-based capital ratios exceeding 20% or twice the level most institutions need to be considered well-capitalized by regulators.
Thorough Bank Failure Coverage
There have been four bank failures in Georgia this year, following 23 closures in 2011, 21 in 2010, and 25 in 2009.
Since the current wave of bank and thrift closures began in 2008, Georgia has seen 78 institutions closed by regulators, which is the most for any state, and is trailed by Florida, with 61 failures, Illinois with 50, and California, with 39 institutions shut down since the beginning of 2008.
All 423 U.S. bank and thrift closures since the beginning of 2008 are detailed in
interactive bank failure map:
The bank failure map is color-coded, with the states having the greatest number of failures highlighted in dark gray, and states with no failures in light green. By moving your mouse over a state you can see its combined 2008-2011 totals. Then click the state to open a detailed map pinpointing the locations and providing additional information for each bank failure.
Written by Philip van Doorn in Jupiter, Fla.
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Philip van Doorn
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