The beleaguered banking industry continues to struggle in Georgia, but there may be signs of some stability.
In the Jackson-Barrow County area, three community banks landed on a recently published list of troubled Georgia banks with high “Texas ratios” above 100 percent. But a fourth local struggling bank fell off that list from a year ago, a sign that perhaps stability may be taking hold in the industry.
Much of the change — and potential future change — is due to the injection of new capital at several local banks.
Although Hometown Community Bank of Braselton continued to be on the state’s troubled bank list with a Texas ratio of 224 percent in March, up from 144 percent a year ago, the injection of new capital has slowed the bank’s slide.
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