Georgia Primary Bank

Georgia Primary Bank is headquartered in Atlanta and is the 58^th largest bank in the state of Georgia. It is also the 2,200^th largest bank in the nation. It was established in 2007 and as of September of 2011, it had grown to 20 employees at 1 location. Georgia Primary Bank has a 2-star health rating.

Georgia Primary Bank Routing Number: 061021060

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Data for Q3 2011

Institution Statistics Georgia Primary Bank FDIC Certificate # 58523 BankRate Report View Year Established 2007 Employees 20 Primary Regulator FDIC Assets and Liabilities Assets $294.15 million Loans $243.31 million Deposits $264.82 million Equity Capital $28.91 million Loan Loss Allowance $5.65 million Unbacked Noncurrent Loans $28.53 million Real Estate Owned $512,000 Historic Data - September 2010 Assets $305.74 million Equity Capital $29.74 million Loan Loss Allowance $4.79 million Unbacked Noncurrent Loans $18.89 million Real Estate Owned $210,000 Profit Margin - Quarterly Net Interest Margin 4.08% Return on Assets -0.39% Return on Equity -3.96% Interest Income $11.16 million

Institution Health Overall Score: 2 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Georgia Primary Bank had $29.04 million in non-current loans and owned real-estate with $34.56 million in equity and loan loss allowances on hand to cover it. This gives Georgia Primary Bank a Texas Ratio of 84.03% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Georgia Primary Bank increased slightly from 55.31% as of September 30, 2010 to 84.03% as of September 30, 2011, resulting in a negative change of 51.91%. This indicates that the balance sheet and financial strength for Georgia Primary Bank has declined slightly in recent periods. Deposit Growth In the past year, Georgia Primary Bank has decreased its total deposits by -$10.85 million, resulting in -3.93% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Georgia Primary Bank has shown is below average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Georgia Primary Bank has $294.14 million in assets with $34.56 million in equity, resulting in a capitalization level of 11.75%, which is above average.

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