A look at Stephens County federally insured bank deposits indicates a decline over the last year.
Each year, the Federal Deposit Insurance Corporation, or FDIC, releases its survey of deposits in local banks.
The 2012 total deposits for Stephens County are $330,011,000. That is a decrease from the 2011 total of $332,774,000.
In 2010, the total deposits for Stephens County were $331,631,000. Meanwhile looking back to 2009, the total deposits for Stephens County that year equaled $344,988,000.
In Stephens County, Stephens Federal Bank continued to have the largest share of the market with 34.09 percent of total deposits, or $112,504,000.
Other banks’ percentage of the market shares include First Citizens Bank with 25.97 percent, Community Bank and Trust with 17.25 percent, Regions with 16.56 percent, and Northeast Georgia Bank with 6.14 percent.
Figures do show that Stephens Federal Bank, CB&T, and Regions actually grew their deposits over the year, while First Citizens and Northeast Georgia Banks saw decreases.
The countywide figures in Stephens County mirror a trend in surrounding counties, as Franklin and Hart counties also saw a decline in total deposits.
The figures are totaled from July 1, 2011 to June 30, 2012.
The totals only reflect the amounts on deposits in FDIC insured financial institutions in the county and do not include deposits held in federally insured credit unions or uninsured financial investments.