Northeast Georgia Bank
Lavonia, Georgia, Franklin County
$651M in total assets, the 1,485th largest of 4,309 US banks and 26th of 125 headquartered in Georgia.
- FDIC certificate
- 15771
- Established
- 1934
- Owned by
- First Security Bankshares Inc
- Primary regulator
- FDIC
- Website
- www.northeastgabank.com
At a glance
Compared with 98 banks headquartered in Georgia with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $651M | 88% | $334M | |
| Loans | $338M | 76% | $239M | |
| Deposits | $563M | 89% | $298M | |
| Return on assets | 2.83% | 91% | 1.54% | |
| Net interest margin | 4.72% | 62% | 4.51% | |
| Efficiency ratio | 42.4% | 6% | 57.9% | |
| Equity to assets | 12.47% | 65% | 10.89% | |
| Loans to deposits | 60% | 23% | 79% |
Growth
Total assets grew 2.3% a year over the last 5 years and 3.6% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2009 | Freedom Bank of Georgia Commerce, GA | $172M |
| Apr 2000 | Bank of Hartwell Hartwell, GA, an affiliate under the same holding company | $85M |
| Jul 1995 | Braselton Banking Company Braselton, GA, an affiliate under the same holding company | $8M |
Where they operate
9 branches in 6 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Franklin County, GA | $171M | 28.0% | 2 of 4 |
| Jackson County, GA | $107M | 5.6% | 7 of 10 |
| Hart County, GA | $105M | 18.5% | 3 of 5 |
| Elbert County, GA | $78M | 12.9% | 2 of 4 |
| Banks County, GA | $66M | 46.8% | 2 of 2 |
| Stephens County, GA | $37M | 8.4% | 5 of 5 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 3 branches since 2016 (12 to 9, −25.0%). 0 opened, 0 acquired, 3 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 12 | |||
| 2019 | Closed Commerce | 0 | 1 | −1 | 11 |
| 2021 | Closed Hartwell | 0 | 1 | −1 | 10 |
| 2025 | Closed Lavonia | 0 | 1 | −1 | 9 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 23% | 32% | |
| 1-4 family residential | 21% | 31% | |
| Construction and land | 20% | 12% | |
| Farmland | 18% | 6% | |
| Business (C&I) | 8% | 9% | |
| Consumer | 3% | 4% | |
| Multifamily | 3% | 3% | |
| Agricultural | 2% | 2% | |
| Other | 2% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 53% | 44% | |
| Noninterest-bearing | 24% | 26% | |
| Time deposits | 22% | 30% |
Brokered deposits are 0.0% of deposits (peers 2.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.01% | 0.32% |
| Net charge-offs, annualized | 0.07% | 0.00% |
| Reserves to loans | 1.56% | 1.36% |
| Leverage ratio | 13.41% | 11.57% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Georgia
Largest competitors in Franklin County, GA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/northeast-georgia