Watch Out for Georgia's Worst Banks

As we move further through this credit cycle, a constant theme for banks is the fallout from overbuilding during the real estate boom -- and some of Georgia's financial institutions appear to be in bad shape.

We recently discussed loan quality problems at the nation's largest construction lenders, following an earlier discussion of Florida's most troubled banks.

A close look at Georgia's 358 banks and thrifts shows that for many, the home construction lending bust is even worse than it is in Florida. Here's a list of the 10 Georgia banks and S&Ls with the worst asset quality, as of March 31:

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