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Previous: NUVEEN TAX EXEMPT UNIT TRUST SERIES 815, 485BPOS, 1996-10-23 |
Next: HOUSEHOLD PRIVATE LABEL CREDIT CARD MASTER TRUST II, 8-K, 1996-10-23 |
<PAGE>1
US SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
X Quarterly report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the quarterly period ended June 30, 1996
Transition report under Section 13 or 15(d) of the Securities Exchange
Act of 1934
From the transition period from to
Commission file number - 33-90742
GEORGIA BANCSHARES, INC.
(Exact Name of Small Business Issuer as Specified in Its Charter
Georgia 58-2176047
(State or Other Jurisdiction (IRS Employer Identification No.)
of Incorporation)
3333 Lawrenceville Highway
Tucker, Georgia 30084
(Address of Principal Executive Officers)
(770) 491-3333
(Issuers Telephone Number, Including Area Code)
Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
Yes X No
Common stock, par value $4 per share: 584,228 shares
outstanding as of July 10, 1996
Traditional Small Business Disclosure Format:
Yes X No
<PAGE>2
GEORGIA BANCSHARES, INC.
AND SUBSIDIARY
SIGNATURES
In accordance with the requirements of the Securities Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
GEORGIA BANCSHARES, INC.
By: /s/ Ted A. Murphy
Ted A. Murphy, President
Date: October 18, 1996
<TABLE> <S> <C>
<ARTICLE> 9
<CIK> 0000944169
<NAME> GEORGIA BANCSHARES, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<CASH> 1,617,911
<INT-BEARING-DEPOSITS> 299,000
<FED-FUNDS-SOLD> 4,680,000
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 14,300,160
<INVESTMENTS-CARRYING> 14,300,160
<INVESTMENTS-MARKET> 14,300,160
<LOANS> 27,814,571
<ALLOWANCE> 449,505
<TOTAL-ASSETS> 52,017,202
<DEPOSITS> 45,874,504
<SHORT-TERM> 0
<LIABILITIES-OTHER> 394,224
<LONG-TERM> 0
0
0
<COMMON> 2,336,912
<OTHER-SE> 3,411,562
<TOTAL-LIABILITIES-AND-EQUITY> 52,017,202
<INTEREST-LOAN> 1,427,157
<INTEREST-INVEST> 440,176
<INTEREST-OTHER> 98,552
<INTEREST-TOTAL> 1,965,885
<INTEREST-DEPOSIT> 882,643
<INTEREST-EXPENSE> 884,137
<INTEREST-INCOME-NET> 1,081,748
<LOAN-LOSSES> 46,500
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 824,581
<INCOME-PRETAX> 375,225
<INCOME-PRE-EXTRAORDINARY> 254,986
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 254,986
<EPS-PRIMARY> .44
<EPS-DILUTED> .44
<YIELD-ACTUAL> 4.35
<LOANS-NON> 0
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 904,000
<ALLOWANCE-OPEN> 401,430
<CHARGE-OFFS> 10,220
<RECOVERIES> 11,795
<ALLOWANCE-CLOSE> 449,505
<ALLOWANCE-DOMESTIC> 0
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 449,505
</TABLE>
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