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FIRST GEORGIA HOLDING REPORTS ANNUAL EARNINGS

 FIRST GEORGIA HOLDING REPORTS ANNUAL EARNINGS
 BRUNSWICK, Ga., Oct. 19 /PRNewswire/ -- First Georgia Holding, Inc.


(NASDAQ: FGHC) reported net income of $617,226 or $.70 per share for the year ended Sept. 30, vs. a loss of $1,222,118 or $1.39 per share for the 1991 year end (caused by a loa in personnel costs, and management's continued re ction of non-interest expense. A summary of selected financial information is presented below.
 Qtr. ended 9/30/92 9/30/91
 Earnings before taxes $ 312,815 $(1,501,472)
 Net income 193,765 (1,226,472)
 Total assets (000's) 140,018 144,806
 Loan loss reserve 1,040,196 1,026,149
 ROA 0.55 pct. N/A
 ROE 9.57 pct. N/A
 Loan loss reserve/loans 0.87 pct. 0.88 pct.
 Year ended 9/30/92 9/30/91
 Earnings before taxes $ 991,772 $(1,497,118)
 Net income 617,226 (1,222,118)
 Total assets (000's) --- ---
 Loan loss reserve --- ---
 ROA 0.44 pct. N/A
 ROE 7.93 pct. N/A
 Loan loss reserve/loans --- ---
 All per share information based upon 879,434 shares.
 -0- 10/19/92
 /CONTACT: Robert E. Curry Jr., vice president of First Georgia Holding, 912-267-7283/
 (FGHC) CO: First Georgia Holding, Inc. ST: Georgia IN: FIN SU: ERN


BR-BN -- AT017 -- 1787 10/19/92 16:13 EDT
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Publication:PR Newswire
Date:Oct 19, 1992
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