Problem bank list

Mounting bad loans and foreclosures landed more Georgia banks on a list of troubled institutions as measured by the “Texas ratio.” The formula, which dates from the savings and loan crisis centered in Texas in the 1980s, points to higher risk if problem a bank’s problem loans total more than 100 percent of its capital available to absorb losses. Atlanta-based FIG Partners calculated the ratios.

Bank …………………………..Location……..1Q09….4Q08

Security Bank of Gwinnett County ….Suwanee ……..773%….335%

Southern Community Bank…………..Fayetteville….532%….311%

Security Bank of North Metro ……..Woodstock ……490%….236%

First Security National Bank ……..Norcross……..444%….340%

First Piedmont Bank………………Winder……….443%….373%

McIntosh Commercial Bank …………Carrollton……354%….229%

Neighborhood Community Bank……….Newnan……….353%….218%

Community Bank of West Georgia ……Villa Rica……293% ….NA

First Coweta Bank………………..Newnan……….291%….150%

Buckhead Community Bank…………..Atlanta ……..241%….165%

Chestatee State Bank …………….Dawsonville ….233%….231%

United Security Bank …………….Sparta……….217%….172%

Gordon Bank……………………..Gordon……….210%….175%

First Commerce Community Bank……..Douglasville….201%….143%

Security Bank of Bibb County ……..Macon ……….187%….123%

Habersham Bank ………………….Clarkesville….186%….167%

First National Bank of Georgia ……Carrollton……176%….166%

Tattnall Bank……………………Reidsville……163%….125%

Century Security Bank…………….Duluth……….161%….131%

First Cherokee State Bank…………Woodstock ……159%….153%

Georgia Heritage Bank…………….Dallas……….152%….156%

McIntosh State Bank………………Jackson ……..147%….117%

Bank of Hiawassee………………..Hiawassee ……146%….114%

Security Exchange Bank*…………..Marietta……..146% ….79%

Hometown Community Bank* …………Braselton ……145% ….81%

Gwinnett Community Bank* …………Duluth……….144% ….94%

Montgomery Bank & Trust* …………Ailey ……….143% ….65%

Peoples Bank ……………………Lithonia……..143%….162%

Bank of Lenox……………………Lenox ……….142%….102%

First State Bank ………………..Stockbridge ….142%….156%

American United Bank*…………….Lawrenceville ..139% ….79%

Douglas County Bank………………Douglasville….137%….121%

Security Bank of North Fulton* ……Alpharetta……130% ….87%

Community Bank & Trust West Ga…….Villa Rica……130%….118%

Security Bank of Houston County* ….Perry ……….128% ….82%

High Trust Bank* ………………..Stockbridge ….126% ….59%

First National Bank of Griffin ……Griffin ……..126%….126%

Community Capital Bank …………..Jonesboro ……124%….131%

First National Bank of Barnesville*..Barnesville ….119% ….82%

Legacy State Bank………………..Loganville……118%….115%

North Georgia Bank ………………Watkinsville….115%….104%

Farmers & Merchants Bank …………Lakeland……..115%….121%

Peoples Bank & Trust*…………….Buford……….115% ….92%

Oconee State Bank………………..Watkinsville….113%….105%

Northwest Bank & Trust …………..Acworth ……..112%….102%

First Covenant Bank………………Norcross……..110%….108%

Bank of Soperton ………………..Soperton……..107%….120%

Unity National Bank………………Cartersville….106%….108%

Providence Bank* ………………..Alpharetta……104% ….85%

* New on the list in the first quarter