# GEORGIA PRIMARY BANK
ATLANTA, GA · FDIC certificate 58523 · asset band $300M-1B · latest filing 2024-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $337.8M | |
| Deposits | $294.4M | |
| Loans and leases | $264.9M | |
| Total equity | $30.1M | |
| Loans / deposits | 88.94% (p69 of band) | 81.16% |
| Liquid assets / assets | 17.49% (p24 of band) | |
| Uninsured deposits / deposits | 36.98% (p83 of band) | 25.64% |
| Brokered deposits | 2.82% | |
| Wholesale funding | 6.37% (p57 of band) | |
| FHLB advances / assets | 3.55% | |
| Tier 1 leverage | 10.35% (p50 of band) | 10.35% |
| Unrealized securities loss / equity | -26.94% (p33 of band) | -15.76% |
| AOCI / equity | 1.84% (p79 of band) | |
| ROA (annualized) | 0.44% (p16 of band) | 0.97% |
| Net interest margin | 3.05% (p31 of band) | 3.42% |
| Efficiency ratio | 87.00% (p90 of band) | |
| Noncurrent loans | 1.62% (p89 of band) | 0.31% |
| Net charge-offs (annualized) | 0.00% (p13 of band) | |
| Reserve coverage of noncurrent | 71.43% | |
| Real estate % of loans | 81% | |
| Construction % of loans | 103.17% (p83 of band) | |
| Auto loans | $396,000 (0.15% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -5.5% | |
| Employees | 40 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 4 | losing money |  |
| 2011-09 | 5 | capital falling |  |
| 2011-12 | 5 |  |  |
| 2012-03 | 4 | assets shrinking | losing money, capital falling |
| 2012-06 | 7 | losing money, deposits shrinking, uninsured deposits leaving |  |
| 2012-09 | 7 | capital falling | uninsured deposits leaving |
| 2012-12 | 7 |  |  |
| 2013-03 | 6 |  | capital falling |
| 2013-06 | 6 |  |  |
| 2013-09 | 6 |  |  |
| 2013-12 | 5 |  | losing money |
| 2014-03 | 6 | losing money, expense ratio p90 | charge-offs p90 |
| 2014-06 | 7 | charge-offs p90 |  |
| 2014-09 | 8 | uninsured deposits leaving |  |
| 2014-12 | 7 |  | uninsured deposits leaving |
| 2015-03 | 4 |  | losing money, expense ratio p90, charge-offs p90 |
| 2015-06 | 4 |  |  |
| 2015-09 | 2 |  | assets shrinking, deposits shrinking |
| 2015-12 | 2 |  |  |
| 2016-03 | 2 |  |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | capital falling |  |
| 2016-12 | 3 | expense ratio p90 | capital falling |
| 2017-03 | 3 | construction >100% equity | expense ratio p90 |
| 2017-06 | 3 | capital falling | construction >100% equity |
| 2017-09 | 2 |  | capital falling |
| 2017-12 | 2 |  |  |
| 2018-03 | 1 |  | noncurrent p90 |
| 2018-06 | 2 | construction >100% equity |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 1 |  | reserve under noncurrent |
| 2019-06 | 0 |  | construction >100% equity |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | construction >100% equity |  |
| 2020-06 | 2 | capital falling |  |
| 2020-09 | 1 |  | capital falling |
| 2020-12 | 0 |  | construction >100% equity |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 0 |  | capital falling |
| 2022-06 | 3 | AOCI drag >20% of equity, securities losses >30% of equity, construction >100% equity |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 4 | uninsured deposits leaving |  |
| 2023-03 | 4 | reserve under noncurrent | AOCI drag >20% of equity |
| 2023-06 | 4 | noncurrent p90 | uninsured deposits leaving |
| 2023-09 | 2 |  | reserve under noncurrent, noncurrent p90 |
| 2023-12 | 4 | capital falling, noncurrent p90, reserve under noncurrent | securities losses >30% of equity |
| 2024-03 | 4 |  |  |
| 2024-06 | 3 |  | construction >100% equity |
| 2024-09 | 2 | expense ratio p90 | capital falling, noncurrent p90 |
| 2024-12 | 4 | construction >100% equity, deposits shrinking |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2020-08-27 [Bankers with Heart - Simply Buckhead](https://news.google.com/rss/articles/CBMiWkFVX3lxTE92Rkc0U2xPSnJIOFdOQ0VESXZqVlprenpNYXg3eTJJZDgwcE1lcU4yVVY5ekM0aVNXbXY4UWJKRTg4VVFLSnItT3AxRjU2bU1DV0NTcEtPYV9Idw?oc=5) · Simply Buckhead
- 2019-05-17 [Hometown News: Georgia Primary hires Jennifer Clifton to grow Forsyth County bank - Forsyth County News](https://news.google.com/rss/articles/CBMivgFBVV95cUxQWGVOMjV0dlB3Rkphc0lFc0ZsSHJjaVpLQzlEYlRxOHl5RWRBMTNKckc1RTZodlpYMG9zZkFCYjdUdURBZUZWSFZ5WGRzR3dqcFJydnYyZlVjdXNuNktncE9fWWM5eDhobi1rQlNOMjQwUzM0dFllbzBwbHlGRFRHTmEzbWRORGdvaUtkNWpKTXVELWRaRWxSVzcxM3RUOWNRV2dlaG01Y3l4X1l5TWgydlNVQU11ZEs1RDE1OThn?oc=5) · Forsyth County News
- 2022-06-03 [SUCCESS STORY / Traci Newman, 56, of Marietta - AJC.com](https://news.google.com/rss/articles/CBMiowFBVV95cUxNVUYzZ2lWakxJU1AzUEFlNGVrWnF5VkdBb054YlJDU2RxYUdDb1hiNjVCWFJmb2M0aVpFMGk1d1lpbHZYOW03S0tNb25qV1JKdHhzaUlSMXdHN3NHTFR1NUZjR25pYkUwUWdYdmNEUUtxUEhZeEs1TTZHRU5sZzV6ZE9fc2RUYjNoTVlXZ2hjUDVSazRXVk9fSzZrejdtYVVHVU84?oc=5) · AJC.com
- 2025-11-07 [Head of fast-growing bank continues family tradition of lending to small business - The Business Journals](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOek5fdGJBTExRUENqRGtaZXQwVk9zVEZHMXlpTHF3RGR6Vkd3aW1JblZ5YlJHYjhieFVHcS1XenR2YXFJZ1Y5bzBOUmd6b0ZjZ0UteG5vaF9QazZGeFBjOG13SHhaTzZmSW1OclhLa01fYzJWVzY5dTVzUE9LZmRkaWl0OEEwTVVvMG5ELUpjRUcwVUl2WVpxS0w2QmlEUWFraWpDLWxQTVp3Vzg?oc=5) · The Business Journals
- 2015-03-17 [Suspected Midtown bank robber arrested - 11Alive.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxNVC1URTlseExEc0FCdkR1QUcwREtpYk9BZ2Ntb3BrWmtDQmJmRHhsUzVQcXhPaXVQNDhYb05VZ0VrdUgyal9ydU4ySnBRbF9XUHBJMUx3Ulc5dW92N1daWmdHZ1JBRjlFby1ORmw0cFpKWnpZZzY3N2pzdWwweEhHN1dIU1F5TkZsb2ZTU0NvQ000NFA1UjVVTFJmck53U09oRnJwVQ?oc=5) · 11Alive.com
- 2011-10-26 [Julius Erving Faces A $200,000 Lawsuit And Is Selling All Of His Memorabilia - Business Insider](https://news.google.com/rss/articles/CBMirwFBVV95cUxQTVpnSERfWWtQSFlDR2tBbVpBci1hWTRZVmpZRUN5UTRaZGNoZG1zWE1kQTJNaUpNRXY4THZUNUFBbW12UWU3Uzg3Y0E0a1NfdGRaSVJ5MzBreF9vVHVEeUtaZ1JvbHVIM1U0Q1lnSDB0TlJOZmFUdDR5SmEyelhSdjhYWHpucmExX2stWUVxMkhFVmY4c0JwdFNQM0xPRDFBYXpVVGdXenNnZXhWZDJV?oc=5) · Business Insider
- 2023-06-01 [THE TASTING - Simply Buckhead](https://news.google.com/rss/articles/CBMiUEFVX3lxTE4wd1plN3RUUWNtZXlKdWNGa3pQeTNtYkVMUHVlNS1rYkU5elhBbmFoWkpYN2duWnQ4VXZ3anBHd3hpc2lmdW05TzBaMTJYMXk4?oc=5) · Simply Buckhead
- 2021-10-07 [Sandra Baccus Obituary (2012) - Atlanta, GA - Atlanta Journal-Constitution - Legacy obituary](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQRmhibFk4S3pUbFctSDM0T1Vma3pKNVY1ZFlQSnlkYVBiS2hJMDBKQmRiMVNaUVkzMVVrR2tGM21Jem5hX3RwcENKdU1xM2lUSld5N0hUczcxalBGLWhyUG5wSEMxRnc0aHYtYWZmQU1Vd1RjS3hrTDVrM0ZpRHRIX2MwWGF3dU1fU1kw?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58523 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/27.json (key "58523", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide