Failed Bank List

Closed Friday, July 15, 2011 · Stockbridge, Calhoun County, Georgia

High Trust Bank

In the three years to the second quarter of 2009, High Trust Bank's assets grew 919%. It was the largest of two banks handed to Ameris Bank together on the day it closed. In 2011 regulators closed 23 banks in Georgia; this was the 15th.

On the books, 2003 to 2011

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$60M$120M$180M$240M2004200520062007200820092010Closed
Total assets peaked at $225 million and were 20% lower at the final report. Equity capital went from 11% of assets in the third quarter of 2003 to 1.4% at the last report. By then 28% of its loans were 90 days or more past due or no longer accruing interest. It reported a net loss in five of its final nine reporting years. The deepest annual loss, $9.8 million, was booked in 2009.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$10M−$10M2003: $679 thousand200310%2004: $588 thousand20049.4%2005: $622 thousand200510%2006: $536 thousand200611%2007: −$326 thousand200721%2008: −$3.4 million200810%2009: −$9.8 million20095.1%2010: −$3.7 million20103.3%2011: −$4.4 million2011*1.4%
* 2011: January to June only, the last report before closing.

Size against the other 2011 failures

Total assets of the 92 banks that failed in 2011, log scale$10M$100M$1B$10B
Total assets of each 2011 failure, log scale; High Trust Bank in red.

By assets it ranked 53rd of the 92 failures in 2011. Within Georgia it ranks 60th by size of the 128 failures recorded since 1934. Across the failures of 2011, the median estimated loss came to 23% of assets. In the size ranking of that year, just above it was Decatur First Bank of Decatur, Georgia ($185 million, loss 13% of assets); just below, One Georgia Bank of Atlanta, Georgia ($178 million, loss 23% of assets). Every 2011 failure in the explorer.

Closed together

With High Trust Bank, the group reported $358 million in assets, and the FDIC's estimated loss on all two is $111 million. They have no separate pages here.

The other banks in the same transaction
BankLocationTotal assetsEst. lossFounded
One Georgia BankAtlanta, GA$178 million$40.6 million2006

Two other banks outside this group closed that day; the largest was First Peoples Bank of Port St. Lucie, Florida, at $225 million.

Failures in Georgia

The previous failure there was Mountain Heritage Bank of Clayton, on June 24, 2011. The next was First Southern National Bank of Statesboro, on August 19, 2011. No other failed bank in the FDIC's records was based in Calhoun County.

Bank failures in Georgia per year, 1980 to 2026081624321981: 11989: 61990: 21991: 71992: 42000: 12002: 12007: 12008: 52009: 252010: 212011: 232012: 102013: 32014: 12015: 22016: 12026: 119801990200020102020
Per year since 1980, 2011 in red. Every Georgia failure

The acquiring bank

Ameris Bank of Moultrie, Georgia took over ten failed banks between 2000 and 2026. Apart from the banks closed together with this one, the others:

All 10 banks it took over.

  • American United BankLawrenceville, GA · October 23, 2009
  • United Security BankSparta, GA · November 6, 2009
  • Satilla Community BankSaint Marys, GA · May 14, 2010
  • First Bank of JacksonvilleJacksonville, FL · October 22, 2010
  • Darby Bank & Trust Co.Vidalia, GA · November 12, 2010
  • Tifton Banking CompanyTifton, GA · November 12, 2010
  • Central Bank of GeorgiaEllaville, GA · February 24, 2012
  • Montgomery Bank & TrustAiley, GA · July 6, 2012

FDIC certificate 19554 · loss estimate as of July 31, 2026 · How to read this page