Georgia Bancshares Inc. in Peachtree City said Thursday that it had lost $1.9 million in the third quarter, bringing its loss for first nine months of the year to $7.6 million.

The $442 million-asset company said it took a $2 million provision for loan losses in the quarter, as the downturn in the residential housing market continued to take a toll.

Its ratio of nonperforming assets to loans and other real estate owned rose to 10.32%, from 4.77% a year earlier, and its ratio of net chargeoffs to average loans rose to 2.81%, from 0.42%.

The company, which operates Bank of Georgia, did not give any earnings comparisons to the third quarter of 2008 in its press release. But it said it lost $738,000 during the first nine months of last year.

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