Net income up 13.1 percent for year

Total loans of $203.5 billion were at their highest level since 2008, total deposits of $230.8 billion hit a record level and total assets reached their highest level since 2008.

Loans, deposits, assets all hit milestone levels. Improved family finances, better business conditions lead to continued improvement for banks.

Georgia's 226 state-based FDIC insured banks earned $504 million on a consolidated basis in the first quarter, an increase of about 18 percent over earnings in the same period a year ago.