----

----

**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION **

**Washington,      DC 20549 **

**FORM      10-K**

**(Amendment      No. 1)**

**ANNUAL      REPORT PURSUANT TO**

**SECTIONS      13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**(Mark      One) **

| **x** | **ANNUAL                REPORT PURSUANT TO SECTION 13 OR 15(d) OF                THE** |
|-------|----------------------------------------------------------------------------------------|

|   | **SECURITIES                EXCHANGE ACT OF 1934: For the fiscal year ended December 31,                2006** |
|--------|----------------------------------------------------------------------------------------------------------------|

| **o** | **TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF                THE** |
|-------|--------------------------------------------------------------------------------------------|

|   | **SECURITIES                EXCHANGE ACT OF 1934: For the transition period                from ___________****to ___________****  ** |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

**Commission      File No. 000-30805**

**WGNB      CORP. **

**(Exact      name of registrant as specified in its charter) **

| **Georgia**                                 | **58-1640130**                                                         |
|---------------------------------------------|------------------------------------------------------------------------|
| **(State                of incorporation)** | **(I.R.S.                Employer Identification                No.)** |

| **201                Maple Street****P.O.                Box 280** |  **(770)                832-3557**                  |
|--------------------------------------------------------------------|----------------------------------------------------------|
| **Carrollton,                Georgia 30117**                       | **(Registrant’s                telephone number,** |
| **(Address                of principal executive offices)**        | **Including                area code)**                  |

**Securities      registered pursuant to Section 12(b) of the Act: **

| **Title                of Class**            | **Name                of Exchange on Which Listed** |
|----------------------------------------------|-----------------------------------------------------|
| Common                Stock, $1.25 par value | The                NASDAQ Stock Market, LLC         |

**Securities      registered pursuant to Section 12(g) of the Act: N/A**

| Large                Accelerated Filer o  | Accelerated                Filer o  | Non-Accelerated                Filer x  |
|------------------------------------------------|------------------------------------------|----------------------------------------------|

**DOCUMENTS      INCORPORATED BY REFERENCE**

----

----

----

**PART      III**

**Item      10.**
**      Directors, Executive Officers and Corporate Governance**

*Information      as to Directors and Executive Officers*

| **Name**                             |   | **Age** |   | **Position                with the Company and Principal Occupation**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|--------------------------------------|--------|---------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **W.                T. Green, Jr.**  |   | 62      |   | Mr.                Green is our Chairman of the Board and has served as a director of                the                Company and the Bank since 1988. He is a 1966 graduate of the University                of Georgia and is Chairman and CEO of Greenway Medical Technologies,                a                software company located in Carrollton, Georgia that designs computer                software applications for healthcare providers. Mr. Green is past                Chairman                of the Tanner Medical Foundation and a member of the Board of Trustees                of                the University of West Georgia Foundation (“West Georgia Foundation”). He                is past President of the Carrollton Rotary Club and Sunset Hills                Country                Club.                                                                     |
|                                 |   |    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| **Wanda                W. Calhoun**  |   | 47      |   | Ms.                Calhoun has served as a director of the Company and the Bank since                December 2002. Ms. Calhoun is an elementary school teacher and has                been                employed by the Carroll County Board of Education since 1991. She                holds                both a bachelor and masters degree in education from the University                of                West Georgia.                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                 |   |    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| **Grady                W. Cole**     |   | 54      |   | Mr.                Cole has served as a director of the Company and the Bank since 1992.                Mr.                Cole is President and CEO of Carroll Realty and Insurance Company                where he                has been employed since 1978. He is a graduate of the University                of                Georgia with a BBA in Finance. Mr. Cole currently serves as a director                of                the Carrollton Housing Authority and the Tanner Medical Foundation                and is                past director of the Carrollton Rotary Club and the West Georgia                Foundation. He is also a past director of the Carrollton City Schools                Educational Foundation.                                                                                                                                                               |
|                                 |   |    |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| **Richard                A. Duncan** |   | 59      |   | Mr.                Duncan has been a director of the Company and the Bank since 1991.                He is                also a former executive officer of both companies serving in the                role of                Company Executive Vice President and Bank President until his retirement                in March 2004. He is a graduate of the University of West Georgia                with a                B.S. in Business Administration and the Graduate School of Banking                of the                South at Louisiana State University. Mr. Duncan is a member of the                University of West Georgia Athletic Booster Club, the Carrollton                High                School Athletic Booster Club and a member and past director of the                Carrollton Civitans. He also serves as a Trustee for the West Georgia                Foundation. |

----

| **L.                G. (Jack) Joyner** |   | 70     |   | Mr.                Joyner has served as a director of the Company and the Bank since                1986. He                is the owner of J & R Construction & Development, which                specializes in commercial construction. He is also President of Ivy                Bluff                Properties, Ivy Bluff Farms and Joyner Poultry Farms. Mr. Joyner                is a                member of the Carroll County Chamber of Commerce, a member and former                Master of the Tyus Masonic Lodge #671 and a past Chairman of the                Tyus                Baptist Church Finance Committee. He is also a past Chairman of the                Board                of the Carroll County Cattle Sales Corporation, Past Chairman of                the Board                of Southern States and a member of the Carrollton Sertoma Club. Mr.                Joyner                retired from our Board effective October 31, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|----------------------------------------|--------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                   |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **H.                B. Lipham, III**   |   | 41     |   | Mr.                Lipham became a director of the Company in 2006 and in 2007 was named                as                its Chief Executive Officer and President. He joined the Bank in                1994 and                was appointed to the Board of Directors and assumed the position                of                President of the Bank in 2004. In 2006, he was named Chief Executive                Officer of the Bank. Mr. Lipham holds a BBA in Accounting from the                University of West Georgia and is a graduate of the University of                Georgia                Banking School. Mr. Lipham serves on the Boards of Directors of the                Tanner                Medical Foundation, United Way of Douglas County, Oak Mountain Academy,                University of West Georgia Foundation, Carroll Tomorrow Foundation                and                Alice’s House Community Children’s Home. He is also a member of the                Carroll County and Douglas County Chambers of Commerce and past chair                of                the University of West Georgia Annual A-Day Scholarship Drive.                Professional organizations include the Regulation and Taxation Liaison                Committee and the Board of Directors of the Community Bankers Association                of Georgia, as well as membership in the Political Action Committee                Board                of the Georgia Bankers Association.                                                                                                                                                                                                                                                                                                                                                                                             |
|                                   |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **R.                David Perry**      |   | 66     |   | Mr.                Perry is a director of the Company and the Bank. He has been a director                of                the Company since 1984 and a director of the Bank since 1980. He                is a                retired pharmacist and graduated from the University of Georgia in                1962                with a B.S. in Pharmacy. Mr. Perry practiced pharmacy for twenty-five                years and owned Perry’s Westside Pharmacy in Carrollton. After retiring                from pharmacy, he served as interim Executive Director of the Carroll                County Chamber of Commerce and training consultant for the University                of                West Georgia Continuing Education Department. In 1988, Mr. Perry                was                elected as sole Commissioner of Carroll County and later served as                the                Chairman of the Board of Commissioners of Carroll County. He also                held                elected positions as Chairman of the Democratic Executive Committee                of                Carroll County and member of the City of Carrollton Board of Education.                He                served as President of the Carrollton Jaycees and a member of Carrollton                Kiwanis Club and Carrollton Rotary Club. He served on the Quorum                Health                Advisory Board, the State of Georgia Environmental Facilities Authority,                the Chattahoochee Flint Development Authority, the City of Carrollton                Zoning Board and the Recreation Commission. Mr. Perry is past Chairman                of                the Board of Directors of Tanner Medical Center, and a member of                the Board                of Directors of Systems and Methods, Inc., a computer software                company. |

----

| **L.                Richard Plunkett**        |   | 64     |   | Mr.                Plunkett has served as a director of the Company and the Bank since                1992.                He is president of Plunkett & Associates, a money management and                investment firm. He is a graduate of Brown University and received                his                Masters of Business Administration, Finance, from Georgia State                University. He earned his Chartered Financial Analyst certification                in                1973. Mr. Plunkett is a member of the Association for Investment                Management and Research and the Society of International Business                Fellows.                He is a member of the Board of Trustees of the Michael C. Carlos                Museum,                Mercer University and the State Private Colleges and University Authority.                He is also a board member of Live Oak Shelter.                                                                                                                  |
|-----------------------------------------------|--------|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                          |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **Thomas                E. Reeve, III, M.D.** |   | 51     |   | Dr.                Reeve has served as a director of the Company and the Bank since                1992. He                is also a partner of Carrollton Surgical Group. He is a graduate                of Emory                University and the Medical College of Georgia in Augusta and completed                Surgical Training at the University of Mississippi Medical Center.                He is a                member of the Medical Association of Georgia, the Georgia Surgical                Society, the Southeastern Surgical Society, the American Society                of Breast                Surgeons and the American Society of General Surgeons. Dr. Reeve                is a                Fellow of the American College of Surgeons and a Diplomate of the                American                Board of Surgery. Dr. Reeve is a Trustee and Board member of the                University of West Georgia Foundation, the Carrollton Parks, Recreation                and Cultural Arts Commission and Healthwest PHO. |
|                                          |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **Thomas                T. Richards**         |   | 66     |   | Mr.                Richards** **has                served as a director of the Company and the Bank since 1984. He is                a                graduate of Georgia Institute of Technology with a B.S. in Industrial                Management and earned his MBA from the Harvard Business School. He                is the                President of Richards Mortgage Servicing and is a member of the Board                of                Directors of Greenway Medical Technologies. He is also a board member                of                Live Oak Shelter, Tanner Medical Foundation and Community Foundation                of                West Georgia.                                                                                                                                                                                                                                                                                                                                                                         |
|                                          |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **Oscar                W. Roberts, III**      |   | 59     |   | Mr.                Roberts** **has                served as a director of the Company and the Bank since 1996. He is                a                graduate of the University of West Georgia and attended Graduate                School at                Georgia Institute of Technology. Mr. Roberts has owned a variety                of retail                and service businesses and currently manages personal investments                and                serves as a director of Gateway Investment Corp. and is the managing                partner of Tyus FLP and SB Suites, LLC. He served as Treasurer of                the                Carrollton Kiwanis Club and is a past member of the Carrollton Jaycees.                                                                                                                                                                                                                                                                                                                   |
|                                          |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **Frank                T. Thomasson, III**    |   | 56     |   | Mr.                Thomasson** **has                served as a director of the Company and the Bank since 1992. He is                President of Thomasson Printing Company. Mr. Thomasson is a graduate                of                the University of West Georgia. He serves on the Board of Directors                of the                Printing Industry of Georgia and is a past Chairman. Mr. Thomasson                is                currently a member of the Carrollton Rotary Club. He is a former                director                of the Carroll County Chamber of Commerce and former Chairman of                the                Carrollton Housing Authority.                                                                                                                                                                                                                                                                                                                                                            |
|                                          |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **J.                Thomas Vance**            |   | 60     |   | Mr.                Vance has served as a director of the Company and the Bank since                1991. He                is a graduate of the University of Georgia School of Law and is a                partner                with the law firm of Tisinger Vance LLC where his practice concentrates                in                the areas of business, family, municipal and healthcare law. He serves                as                General Counsel to Tanner Medical Center, Greenway Medical Technologies,                the Carroll County Board of Education and Systems and Methods. He                currently serves on the board of the Georgia World Congress Center                Authority and is a trustee of the University of West Georgia Foundation.                                                                                                                                                                                                                                                                           |

----

| **Charles                M. Willis, Sr.** |   | 68     |   | Mr.                Willis is a director of the Company and the Bank. He has served as                a                director of the Company since 1984 and as a director of the Bank                since                1972. He is the retired co-owner of The Squire Shop, a men’s clothing                store in Carrollton, Georgia. He graduated from the University of                Georgia                with a BBA Degree in Business Administration in 1962. He is past                President                of the Jaycees, Rotary Club and the Carroll County Chamber of                Commerce.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|-------------------------------------------|--------|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                      |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| **Steven                J. Haack**        |   | 47     |   | Mr.                Haack** **is** **Senior                Executive Vice President, Chief Financial Officer and a director                of the                Bank and Secretary/Treasurer of the Company. He has been employed                by the                Bank as its Chief Financial Officer since January, 1995 and has served                as                Secretary/Treasurer of the Company since 1998. Mr. Haack holds a                BBA in                Accounting from Iowa State University and he has held senior management                positions in banking since 1989. Prior to his banking career, he                practiced                as a Certified Public Accountant in Atlanta. He is a Vice Chairman                of the                Board of Directors of the Carroll County Water Authority and serves                on its                Finance Committee. He is also the Chief Financial Officer and on                the                Executive Committee of Live Oak Shelter.                                                                                                                                                                                          |
|                                      |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| **Robert                M. Gordy**        |   | 46     |   | Mr.                Gordy is Executive Vice President and Chief Credit Officer of the                Bank. He                joined the Bank in November 2005, bringing 26 years of banking experience.                Prior to joining the Bank he worked for 22 years in various roles                with a                Synovus Financial Corp. affiliate in Carrollton, most recently serving                as                its Chief Credit Officer. Mr. Gordy holds a BBA in Business Administration                from Columbus State University, and is a graduate of the Georgia                Bankers                Association Banking School and the GBA Commercial Lending School.                He is                active in various Chamber of Commerce and community agriculture leadership                roles.                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                      |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| **W.                Galen Hobbs, Jr.**    |   | 47     |   | Mr.                Hobbs is Executive Vice President of Commercial Lending of the Bank.                He                has been employed by the Bank in various capacities since 1991. Mr.                Hobbs                holds a BA in Economics from Hampden-Sydney College and an MBA from                the                University of West Georgia. He is a graduate of the Graduate School                of                Banking of the South at Louisiana State University. Mr. Hobbs is                a member                of the West Carrollton Enterprise Zone Committee and is a member                of the                Carrollton Rotary Club. He is also a board member and Treasurer of                the                University of West Georgia Alumni Association and on the advisory                board of                the Burson Center and Chairman of the Small Business Committee of                the                Carroll County Chamber of Commerce.                                                                                                                                                                                                                                      |
|                                      |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| **William                R. Whitaker**    |   | 38     |   | Mr.                Whitaker serves as Senior Vice President of Commercial Lending of                the                Bank. He has been employed by the Bank in various capacities since                joining                the Bank in 1995. Mr. Whitaker holds a BBA in Accounting from Georgia                Southwestern State University. He is a 1994 graduate of the University                of                Georgia Advanced Compliance School and a 2000 graduate of the Graduate                School of Banking of the South at Louisiana State University. He                is a past                member of the Board of Directors of the Carrollton Kiwanis Club and                is                past President of the Villa Rica Kiwanis Club. Mr. Whitaker currently                serves on the Board of Directors of the Carroll County Chamber of                Commerce, Georgia State Homebuilders Association and is President-elect                of                the Villa Rica Sertoma Club. He also serves on the Board of Directors                of                the Northwest Central Georgia Homebuilder Association and was named                2005                associate of the year. |

----

*Section      16(a) Beneficial Ownership Reporting Compliance*

*Codes      of Conduct*

*Audit      Committee Information*

----

| **Item                11.** | **Executive                Compensation** |
|-----------------------------|-------------------------------------------|

**REPORT      OF COMPENSATION COMMITTEE**

----

**COMPENSATION      DISCUSSION AND ANALYSIS**

**Philosophy**

**Overview      of Compensation and Process **

| ·   | performance                against corporate and individual objectives set for the previous                year; |
|--------------------|------------------------------------------------------------------------------------------------------------------|

----

| ·   | difficulty                of achieving desired results in the coming                year; |
|--------------------|-------------------------------------------------------------------------------------------|

| ·   | value                of their unique skills and capabilities to support long-term performance                of the Company; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------|

| ·   | performance                of their management responsibilities; |
|--------------------|------------------------------------------------------------------|

| ·   | whether                an increase in responsibility or change in title is warranted;                and |
|--------------------|----------------------------------------------------------------------------------------------------------|

| ·   | contribution                as a member of the executive management                team. |
|--------------------|------------------------------------------------------------------------------------------|

| ·   | corporate                earnings per our financial plan; |
|--------------------|-----------------------------------------------------------|

| ·   | asset                quality and loan portfolio                management; |
|--------------------|----------------------------------------------------------------------------|

| ·   | customer                and shareholder satisfaction; |
|--------------------|-------------------------------------------------------|

| ·   | regulatory                and corporate governance compliance;                and |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | achievement                of our strategic objectives. |
|--------------------|---------------------------------------------------------|

**Compensation      Consultant**

----

**SUMMARY      COMPENSATION TABLE**

| **Name                and Principal Position**                   |   | **Year** |   | **Base****Salary**($) |   | **Bonus****($)** |   | **Option                Awards****($)(a)** |   | **Non-Equity                Incentive Plan Compensation ($)** |   | **All                Other Compensation ($)(b)** |   | **Total**($) |    |
|------------------------------------------------------------------|--------|----------|--------|-----------------------|--------|------------------|--------|--------------------------------------------|--------|---------------------------------------------------------------|--------|--------------------------------------------------|--------|--------------|---------|
| H.B.                Lipham III, CEO (c)                          |   |     | 2006   |                  | $      | 173,067          |   | $                                          | 25,039 |                                                          | $      | 50,618                                           |   | $            | 148,402 |   | $ | 62,761 |   | $ | 459,887 |   |
| Steven                J. Haack, CFO                              |   |     | 2006   |                  | $      | 150,306          |   | $                                          | 21,746 |                                                          | $      | 40,494                                           |   | $            | 132,302 |   | $ | 40,323 |   | $ | 385,171 |   |
| W.                Galen Hobbs, Jr.Exec.                VP - Bank |   |     | 2006   |                  | $      | 127,700          |   | $                                          | 18,476 |                                                          | $      | 19,351                                           |   | $            | 58,766  |   | $ | 30,881 |   | $ | 255,174 |   |
| William                R. WhitakerSr.                VP - Bank   |   |     | 2006   |                  | $      | 122,500          |   | $                                          | 17,723 |                                                          | $      | 14,519                                           |   | $            | 49,448  |   | $ | 27,353 |   | $ | 231,543 |   |
| Robert                M. GordyExec.                VP - Bank     |   |     | 2006   |                  | $      | 115,000          |   | $                                          | 16,638 |                                                          | $      | 3,656                                            |   | $            | 41,244  |   | $ | 17,839 |   | $ | 194,377 |   |
| L.                Leighton Alston, former CEO (d)                |   |     | 2006   |                  | $      | 40,305           |   |                                       | -      |                                                          |   | -                                                |   | $            | 15,121  |   | $ | 122,047 |   | $ | 177,473 |   |

----

| (a) | Refer                to Note 1, “Stock Compensation Plans”, in the Notes to Consolidated                Financial Statements included in the Annual Report on Form 10-K filed                on                February 16, 2007 for the relevant assumptions used to determine                the                valuation of our option awards. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Amounts                shown include: (i) matching contributions made under our 401(k) plan                on                behalf of the named executive officers as follows: Mr. Lipham - $23,653;                Mr. Haack - $22,515; Mr. Hobbs - $17,573; Mr. Whitaker - $16,445,                Mr.                Gordy - $12,331; Mr. Alston - $3,057; (ii) country club dues; and                (iii)                auto and gasoline allowances as follows: Mr. Lipham - $12,000; Mr.                Haack -                $2,400; Mr. Hobbs - $9,600; Mr. Whitaker - $7,200, Mr. Gordy - $1,800;                Mr.                Alston - $2,400. The amounts for Mr. Lipham and Mr. Haack include                $23,400                and $11,700, respectively, in director fees received by them for                their                service on the Company’s and/or Bank’s Board of Directors. Included in Mr.                Lipham’s director fees are fees he received for participating on the                Executive Loan Committee and our Executive Committee. Neither he                nor Mr.                Haack receives fees for their involvement on any other Company or                Bank                Board committees. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Mr.                Lipham assumed his duties as Chief Executive Officer and President                effective February 11, 2006 upon the resignation of Mr.                Alston. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | Mr.                Alston resigned from his position as Chief Executive Officer and                President                effective February 11, 2006. The amounts in all other compensation                include                severance payments in the amount of $125,000, COBRA payments in the                amount                of $4,195 and director and loan committee fees in the amount of                $1,900. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Base      Salary**

----

**Bonus      and Other Non-Equity Incentive Plan Compensation**

*Bonus      Plans*

----

*Bonus      Awarded*

**Non-Equity      Incentive Plan Compensation**

| **Name                and Principal Position** |   | **Profit****Sharing****Bonus**($) |   | **Percent                of Salary** |   | **Formula-****Based****Executive****Bonus****($)** |   | **Percent****of****Salary** |    |
|------------------------------------------------|--------|-----------------------------------|--------|--------------------------------------|--------|----------------------------------------------------|--------|-----------------------------|---------|
| H.B.                Lipham III, CEO            |   | $                                 | 25,039 |                                 |   | 14.47                                              | %      | $                           | 148,402 |   |   | 85.75 | % |
| Steven                J. Haack, CFO            |   | $                                 | 21,746 |                                 |   | 14.47                                              | %      | $                           | 132,302 |   |   | 88.22 | % |
| W.                Galen Hobbs, Jr., EVP        |   | $                                 | 18,476 |                                 |   | 14.47                                              | %      | $                           | 58,766  |   |   | 46.02 | % |
| William                R. Whitaker, SVP        |   | $                                 | 17,723 |                                 |   | 14.47                                              | %      | $                           | 49,448  |   |   | 40.37 | % |
| Robert                M. Gordy, EVP            |   | $                                 | 16,638 |                                 |   | 14.47                                              | %      | $                           | 41,244  |   |   | 35.86 | % |
| L.                Leighton Alston, former CEO  |   |                              | -      |                                 |   | -                                                  |   | $                           | 15,121  |   |   | 37.52 | % |

**Stock      Option and Equity Incentive Programs**

*Stock      Options Granted*

----

**Stock      Options Granted**

| **Name                and Principal Position**    |   | **2006** |   |
|---------------------------------------------------|--------|----------|--------|
| H.B.                Lipham III, CEO               |   |     | 11,323 |   |
| Steven                J. Haack, CFO               |   |     | 9,058  |   |
| W.                Galen Hobbs, Jr., EVP           |   |     | 4,329  |   |
| William                R. Whitaker, SVP           |   |     | 3,247  |   |
| Robert                M. Gordy, EVP (a)           |   |     | 817    |   |
| L.                Leighton Alston, former CEO (b) |   |     | None   |   |
| Non-employee                directors             |   |     | None   |   |
| Non-named                executive officers       |   |     | 4,691  |   |
| Non-executive                officers             |   |     | None   |   |
| Total                                             |   |     | 33,466 |   |

----

*Timing      of Grants*

**Perquisites**

*Defined      Contribution Plan*

----

*Other      Items*

----

**GRANTS      OF PLAN-BASED AWARDS**

|                                                |   |                            |      | **Estimated                  Possible Payouts Under Non-Equity Incentive Plan                  Awards** |   | **Estimated                  Possible Payouts Under Equity Incentive Plan                  Awards** |   | **Exercise                  or Base Price of Option Awards** |    | **Closing                  Price of Common Stock on****Grant** |   | **Grant                  Date Fair Value of Option** |   |
|-----------------------------------------------------|--------|---------------------------------|-----------|---------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------|---------|----------------------------------------------------------------|--------|------------------------------------------------------|--------|
| **Name**                                            |   | **Grant                  Date** |      | **Threshold                  ($)**                                                                      |   | **Target****($)**                                                                                   |   | **Maximum                  ($)**                             |    | **Threshold                  (#)**                             |   | **Target****(#)**                                    |   | **Maximum                  (#)** |   | **($/Sh)****(a)** |   | **Date****(a)** |   | **Awards                  ($)(b)** |   |
| H.B.                  Lipham III, CEO (c)           |   |                            |      |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Profit                  Sharing Bonus Plan*        |   |                            |      |                                                                                                    |   |                                                                                                |   | $                                                            | 25,039  |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Formula-Based                  Bonus Plan*         |   |                            |      |                                                                                                    |   |                                                                                                |   | $                                                            | 148,402 |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *2003                  Stock Incentive Plan*        |   |                            | 2/14/2006 |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   | 11,323 |   |   |   |   | $ | 24.99 |   | $ | 25.59 |   | $ | 50,618 |   |
|                                                |   |                            |      |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Steven                  J. Haack, CFO               |   |                            |      |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Profit                  Sharing Bonus Plan*        |   |                            |      |                                                                                                    |   |                                                                                                |   | $                                                            | 21,746  |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Formula-Based                  Bonus Plan*         |   |                            |      |                                                                                                    |   |                                                                                                |   | $                                                            | 132,302 |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *2003                  Stock Incentive Plan*        |   |                            | 2/14/2006 |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   | 9,058 |   |   |   |   | $ | 24.99 |   | $ | 25.59 |   | $ | 40,494 |   |
|                                                |   |                            |      |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| W.                  Galen Hobbs, Jr., EVP           |   |                            |      |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Profit                  Sharing Bonus Plan*        |   |                            |      |                                                                                                    |   |                                                                                                |   | $                                                            | 18,476  |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Formula-Based                  Bonus Plan*         |   |                            |      |                                                                                                    |   |                                                                                                |   | $                                                            | 58,766  |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *2003                  Stock Incentive Plan*        |   |                            | 2/14/2006 |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   | 4,329 |   |   |   |   | $ | 24.99 |   | $ | 25.59 |   | $ | 19,351 |   |
|                                                |   |                            |      |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| William                  R. Whitaker, SVP           |   |                            |      |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Profit                  Sharing Bonus Plan*        |   |                            |      |                                                                                                    |   |                                                                                                |   | $                                                            | 17,723  |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Formula-Based                  Bonus Plan*         |   |                            |      |                                                                                                    |   |                                                                                                |   | $                                                            | 49,448  |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *2003                  Stock Incentive Plan*        |   |                            | 2/14/2006 |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   | 3,247 |   |   |   |   | $ | 24.99 |   | $ | 25.59 |   | $ | 14,519 |   |
|                                                |   |                            |      |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Robert                  M. Gordy, EVP               |   |                            |      |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Profit                  Sharing Bonus Plan*        |   |                            |      |                                                                                                    |   |                                                                                                |   | $                                                            | 16,638  |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Formula-Based                  Bonus Plan*         |   |                            |      |                                                                                                    |   |                                                                                                |   | $                                                            | 41,244  |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *2003                  Stock Incentive Plan*        |   |                            | 2/14/2006 |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   | 817 |   |   |   |   | $ | 24.99 |   | $ | 25.59 |   | $ | 3,656 |   |
|                                                |   |                            |      |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| L.                  Leighton Alston, former CEO (d) |   |                            |      |                                                                                                    |   |                                                                                                |   |                                                         |    |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Formula-Based                  Bonus Plan*         |   |                            |      |                                                                                                    |   |                                                                                                |   | $                                                            | 15,121  |                                                           |   |                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| (a) | The                exercise price of the stock options that were awarded was $24.99                per                share, the 90-day weighted average closing price immediately prior                to the                grant date of our Common Stock as reported on the NASDAQ Capital                Market.                The closing price of our Common Stock on the grant date as reported                by the NASDAQ Capital Market was                $25.59. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Refer                to Note 1, “Stock Compensation Plans”, in the Notes to Consolidated                Financial Statements included in the Annual Report on Form 10-K filed                on                February 16, 2007 for the relevant assumptions used to determine                the                valuation of our option awards. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Mr.                Lipham assumed his duties as Chief Executive Officer and President                effective February 11, 2006 upon the resignation of Mr.                Alston. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | Mr.                Alston resigned from his position as Chief Executive Officer and                President                effective February 11, 2006. He did not participant in any incentive                plans                for 2006 other than the formula-based plan referenced                above. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**OUTSTANDING      EQUITY AWARDS AT FISCAL YEAR-END**

| **Name**                                          |   | **Number                of Securities Underlying Unexercised Options Exercisable                (#)(a)** |   | **Number                of Securities Underlying Unexercised Options Unexercisable                (#)(a)** |   | **Option                Exercise Price ($)** |   | **Option                Expiration Date (b)** |   |
|---------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|--------|-----------------------------------------------|--------|
| H.B.                Lipham III, CEO (c)           |   |                                                                                                     | 432    |                                                                                                       |   |                                         |   |                                          | 13.33  |   |   | 2/9/2009 |   |
|                                              |   |                                                                                                     | 783    |                                                                                                       |   |                                         |   |                                          | 14.33  |   |   | 1/10/2010 |   |
|                                              |   |                                                                                                     | 1,235  |                                                                                                       |   |                                         |   |                                          | 15.00  |   |   | 1/8/2011 |   |
|                                              |   |                                                                                                     | 2,364  |                                                                                                       |   |                                         |   |                                          | 16.00  |   |   | 2/11/2012 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   | 2,499                                        |   |                                          | 16.66  |   |   | 2/10/2013 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   | 7,625                                        |   |                                          | 16.66  |   |   | 2/10/2013 |   |
|                                              |   |                                                                                                     | 1,144  |                                                                                                       |   | 1,717                                        |   |                                          | 19.25  |   |   | 2/9/2014 |   |
|                                              |   |                                                                                                     | 1,935  |                                                                                                       |   | 7,742                                        |   |                                          | 24.99  |   |   | 2/3/2015 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   | 11,323                                       |   |                                          | 29.91  |   |   | 2/13/2016 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   |                                         |   |                                          |   |   |   |   |   |
| Steven                J. Haack, CFO               |   |                                                                                                     | 480    |                                                                                                       |   |                                         |   |                                          | 13.33  |   |   | 2/9/2009 |   |
|                                              |   |                                                                                                     | 822    |                                                                                                       |   |                                         |   |                                          | 14.33  |   |   | 1/10/2010 |   |
|                                              |   |                                                                                                     | 1,589  |                                                                                                       |   |                                         |   |                                          | 15.00  |   |   | 1/8/2011 |   |
|                                              |   |                                                                                                     | 3,614  |                                                                                                       |   |                                         |   |                                          | 16.00  |   |   | 2/11/2012 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   | 4,342                                        |   |                                          | 16.66  |   |   | 2/10/2013 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   | 7,625                                        |   |                                          | 16.66  |   |   | 2/10/2013 |   |
|                                              |   |                                                                                                     | 1,496  |                                                                                                       |   | 2,245                                        |   |                                          | 19.25  |   |   | 2/9/2014 |   |
|                                              |   |                                                                                                     | 829    |                                                                                                       |   | 3,318                                        |   |                                          | 24.99  |   |   | 2/3/2015 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   | 9,058                                        |   |                                          | 29.91  |   |   | 2/13/2016 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   |                                         |   |                                          |   |   |   |   |   |
| W.                Galen Hobbs, Jr., EVP           |   |                                                                                                     | 2,364  |                                                                                                       |   |                                         |   |                                          | 16.00  |   |   | 2/11/2012 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   | 1,668                                        |   |                                          | 16.66  |   |   | 2/10/2013 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   | 7,625                                        |   |                                          | 16.66  |   |   | 2/10/2013 |   |
|                                              |   |                                                                                                     | 763    |                                                                                                       |   | 1,145                                        |   |                                          | 19.25  |   |   | 2/9/2014 |   |
|                                              |   |                                                                                                     | 902    |                                                                                                       |   | 3,610                                        |   |                                          | 24.99  |   |   | 2/3/2015 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   | 4,329                                        |   |                                          | 29.91  |   |   | 2/13/2016 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   |                                         |   |                                          |   |   |   |   |   |
| William                R. Whitaker, SVP           |   |                                                                                                     |   |                                                                                                       |   | 6,315                                        |   |                                          | 16.66  |   |   | 2/10/2013 |   |
|                                              |   |                                                                                                     | 572    |                                                                                                       |   | 572                                          |   |                                          | 19.25  |   |   | 2/9/2014 |   |
|                                              |   |                                                                                                     | 677    |                                                                                                       |   | 2,707                                        |   |                                          | 24.99  |   |   | 2/3/2015 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   | 3,247                                        |   |                                          | 29.91  |   |   | 2/13/2016 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   |                                         |   |                                          |   |   |   |   |   |
| Robert                M. Gordy, EVP               |   |                                                                                                     |   |                                                                                                       |   | 817                                          |   |                                          | 29.91  |   |   | 2/13/2016 |   |
|                                              |   |                                                                                                     |   |                                                                                                       |   |                                         |   |                                          |   |   |   |   |   |
| L.                Leighton Alston, former CEO (d) |   |                                                                                                     |   |                                                                                                       |   |                                         |   |                                          |   |   |   |   |   |

----

| (a) | Options                become exercisable five years after date of grant |
|-----|--------------------------------------------------------------------------|

| (b) | The                expiration date of each option occurs ten years after the date of                grant of                each option |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Mr.                Lipham assumed his duties as Chief Executive Officer and President                effective February 11 2006, upon the resignation of Mr.                Alston. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (d) | Mr.                Alston resigned from his position as Chief Executive Officer and                President                effective February 11, 2006. He has exercised all vested options                or                forfeited unvested options and currently holds no                options. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**OPTION      EXERCISES**

|                                              |   | **Option                Awards**                            |   |
|---------------------------------------------------|--------|-------------------------------------------------------------|--------|
| **Name**                                          |   | **Number                of Shares Acquired on Exercise**(#) |   | **Value                Realized on Exercise ($)(a)** |   |
| H.B.                Lipham III, CEO (b)           |   |                                                        | -      |   |   | - |   |
| Steven                J. Haack, CFO               |   |                                                        | -      |   |   | - |   |
| W.                Galen Hobbs, Jr., EVP           |   |                                                        | 832    |   | $ | 12,345 |   |
| William                R. Whitaker, SVP           |   |                                                        | -      |   |   | - |   |
| Robert                M. Gordy, EVP               |   |                                                        | -      |   |   | - |   |
| L.                Leighton Alston, former CEO (c) |   |                                                        | 22,063 |   | $ | 557,836 |   |

----

| (a) | Represents                the difference between the exercise price and the fair market value                of our                Common Stock on the date of                exercise. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Mr.                Lipham assumed his duties as Chief Executive Officer and President                effective February 11 2006, upon the resignation of Mr.                Alston. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Mr.                Alston resigned from his position as Chief Executive Officer and                President                effective February 11, 2006. Mr. Alston exercised all vested options                in                connection with his resignation. A total of 48,183 options were exercised                although Mr. Alston tendered 26,120 shares in payment of the exercise                price. The value represents the difference between the exercise price                and                the fair market value of our Common Stock on the date of                exercise. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Post-Employment      Compensation **

*Pension      Benefits*

*Non      qualified Deferred Compensation*

*Employment      Agreements*

----

*plus*

----

----

**POTENTIAL      PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL**

|  **Name**                                |   | **Benefit****(a)** |                                                 | **Termination****w/o Cause                or for Good Reason Generally (and Not in Connection With a Change                in                Control)****(b)** |   | **Termination****w/o Cause                in 24 Months following a Change in Control****(c)** |   | **Voluntary                Termination, Death or Disability****(d)** |        | **Termination                other than for Cause, Voluntary Termination w/o Good Reason, Death                or                Disability Within 12 Months Prior to a Change in Con**t**rol****(e)** |   | **Upon                Change in****Control****(f)** |   |
|-----------------------------------------------|--------|--------------------|------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------|-------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|--------|
| H.B.                Lipham III, CEO      |   |               | *Salary*                                             |                                                                                                                                                                | $      | 259,601                                                                                            |   |                                                                 |        |                                                                                                                                                                                                   |   | -                                                        |   | $ | 346,134 |   | $ | 346,134 |   |
|                                               |   |               | *Profit                  Sharing Bonus*              |                                                                                                                                                                | $      | 37,559                                                                                             |   |                                                                 |        |                                                                                                                                                                                                   |   | -                                                        |   | $ | 50,078 |   | $ | 50,078 |   |
|                                               |   |               | *Formula-based                  bonus*               |                                                                                                                                                                | $      | 254,531                                                                                            |   |                                                                 |        |                                                                                                                                                                                                   |   | -                                                        |   | $ | 339,374 |   | $ | 339,374 |   |
|                                               |   |               | *Health                  care continuance*           |                                                                                                                                                                | $      | 7,551                                                                                              |   |                                                                 |        |                                                                                                                                                                                                   |   | -                                                        |   |   | - |   |   | - |   |
|                                               |   |               | *Stock                options accelerated vesting*   |                                                                                                                                                                |   | -                                                                                                  |   |                                                                 |        |                                                                                                                                                                                                   | $      | 143,538                (g                                | )      |   | - |   | $ | 143,538                (g | ) |
|                                               |   |               | **Total**                                            |                                                                                                                                                                | **$**  | **559,242**                                                                                        |   |                                                                 |        |                                                                                                                                                                                                   | **$**  | **143,538                (g**                            | **)**  | **$** | **735,586** |   | **$** | **879,124                (g** | **)** |
|                                          |   |               |                                                 |                                                                                                                                                                |   |                                                                                               |   |                                                                 |        |                                                                                                                                                                                                   |   |                                                     |   |   |   |   |   |   |   |
| Steven                J. Haack, CFO      |   |               | *Salary*                                             |                                                                                                                                                                | $      | 250,510                                                                                            |   |                                                                 |        |                                                                                                                                                                                                   |   | -                                                        |   | $ | 300,612 |   | $ | 300,612 |   |
|                                               |   |               | *Profit                  Sharing bonus*              |                                                                                                                                                                | $      | 36,243                                                                                             |   |                                                                 |        |                                                                                                                                                                                                   |   | -                                                        |   | $ | 43,492 |   | $ | 43,492 |   |
|                                               |   |               | *Formula-based                  bonus*               |                                                                                                                                                                | $      | 254,530                                                                                            |   |                                                                 |        |                                                                                                                                                                                                   |   | -                                                        |   | $ | 305,436 |   | $ | 305,436 |   |
|                                               |   |               | *Health                  care continuance*           |                                                                                                                                                                | $      | 7,551                                                                                              |   |                                                                 |        |                                                                                                                                                                                                   |   | -                                                        |   |   | - |   |   | - |   |
|                                               |   |               | *Stock                options accelerated vesting*   |                                                                                                                                                                |   | -                                                                                                  |   |                                                                 |        |                                                                                                                                                                                                   | $      | 156,747                (g                                | )      |   | - |   | $ | 156,747                (g | ) |
|                                               |   |               | **Total**                                            |                                                                                                                                                                | **$**  | **548,834**                                                                                        |   |                                                                 |        |                                                                                                                                                                                                   | **$**  | **156,747                (g**                            | **)**  | **$** | **649,540** |   | **$** | **806,287                (g** | **)** |
|                                          |   |               |                                                 |                                                                                                                                                                |   |                                                                                               |   |                                                                 |        |                                                                                                                                                                                                   |   |                                                     |   |   |   |   |   |   |   |
| W.                Galen Hobbs, Jr., EVP  |   |               | *Salary*                                             |                                                                                                                                                                | $      | 191,550                                                                                            |   | $                                                                    | 255,400     |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Profit                  Sharing Bonus*              |                                                                                                                                                                | $      | 27,714                                                                                             |   | $                                                                    | 36,952      |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Formula-based                  bonus*               |                                                                                                                                                                | $      | 102,954                                                                                            |   | $                                                                    | 137,272     |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Health                  care continuance*           |                                                                                                                                                                | $      | 7,551                                                                                              |   | $                                                                    | 7,551       |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Stock                options accelerated vesting*   |                                                                                                                                                                |   | -                                                                                                  |   |                                                                 | -           |                                                                                                                                                                                                   | $      | 119,384                (g                                | )      |   |   |   | $ | 119,384                (g | ) |
|                                               |   |               | **Total**                                            |                                                                                                                                                                | **$**  | **329,769**                                                                                        |   | **$**                                                                | **437,175** |                                                                                                                                                                                                   | **$**  | **119,384                (g**                            | **)**  |   |   |   | **$** | **119,384                (g** | **)** |
|                                          |   |               |                                                 |                                                                                                                                                                |   |                                                                                               |   |                                                                 |        |                                                                                                                                                                                                   |   |                                                     |   |   |   |   |   |   |   |
| William                R. Whitaker, SVP  |   |               | *Salary*                                             |                                                                                                                                                                | $      | 183,750                                                                                            |   | $                                                                    | 245,000     |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Profit                  Sharing bonus*              |                                                                                                                                                                | $      | 26,584                                                                                             |   | $                                                                    | 35,452      |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Formula-based                  bonus*               |                                                                                                                                                                | $      | 87,512                                                                                             |   | $                                                                    | 116,682     |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Health                  care continuance*           |                                                                                                                                                                | $      | 7,551                                                                                              |   | $                                                                    | 7,551       |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Stock                  options accelerated vesting* |                                                                                                                                                                |   | -                                                                                                  |   |                                                                 | -           |                                                                                                                                                                                                   | $      | 80,064                (g                                 | )      |   |   |   | $ | 80,064                (g | ) |
|                                               |   |               | **Total**                                            |                                                                                                                                                                | **$**  | **305,397**                                                                                        |   | **$**                                                                | **404,685** |                                                                                                                                                                                                   | **$**  | **80,064                (g**                             | **)**  |   |   |   | **$** | **80,064                (g** | **)** |
|                                          |   |               |                                                 |                                                                                                                                                                |   |                                                                                               |   |                                                                 |        |                                                                                                                                                                                                   |   |                                                     |   |   |   |   |   |   |   |
| Robert                M. Gordy, EVP      |   |               | *Salary*                                             |                                                                                                                                                                | $      | 172,500                                                                                            |   | $                                                                    | 230,000     |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Profit                  Sharing bonus*              |                                                                                                                                                                | $      | 24,957                                                                                             |   | $                                                                    | 33,276      |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Formula-based                  bonus*               |                                                                                                                                                                | $      | 77,216                                                                                             |   | $                                                                    | 102,954     |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Health                  care*                       |                                                                                                                                                                | $      | 7,551                                                                                              |   | $                                                                    | 7,551       |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | *Stock                  options accelerated vesting* |                                                                                                                                                                |   | -                                                                                                  |   |                                                                 | -           |                                                                                                                                                                                                   |   | -                                                        |   |   |   |   |   | - |   |
|                                               |   |               | **Total**                                            |                                                                                                                                                                | **$**  | **282,224**                                                                                        |   | **$**                                                                | **373,781** |                                                                                                                                                                                                   |   | **-**                                                    |   |   |   |   |   | **-** |   |

----

| (a) | Calculations                are based on the executive officer’s base salary in effect for 2006 and                bonuses paid in 2006. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (b) | The                employment agreements for Mr. Lipham and Mr. Haack treat a termination                by                the executive for good reason in the same manner as a termination                by the                Company without cause. The employment agreements for Messrs. Hobbs,                Whitaker and Gordy address a termination by the Company without                cause. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The                employment agreements for Mr. Lipham and Mr. Haack provide special                severance upon the date of a change in control event or upon a termination                without cause or for good reason in the 12-month period prior to                a change                in control. For purposes of this table, we have assumed that Mr.                Lipham                and Mr. Haack would no longer be employed following a change in control                or                that the employment agreements currently applicable would be replaced                as a                result. The employment agreements for Messrs. Hobbs, Whitaker and                Gordy                provide special severance only in the event there is a termination                without                cause in the 24 month period following a change in                control. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | Amounts                payable upon a voluntary termination without good reason, death or                disability are limited to salary and bonuses that have accrued but                not                paid. No additional payments would be due. Vesting for outstanding                stock                options is accelerated only in the event of the optionee’s death,                disability, retirement (after age 60 with 25 years of service with                us or                after age 65 with no additional limitations) or upon a change in                control.                Amount reflected represents the difference between the exercise price                of                all options for which vesting would be accelerated and the $27.51                closing                price of our Common Stock on December 31,                2006. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | The                employment agreements for Mr. Lipham and Mr. Haack treat a termination                for                any reason other than cause, disability, death or voluntary termination                without good reason in the 12-month period preceding a change in                control                the same as the change in control event                itself. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | (g)                Vesting for outstanding stock options is accelerated only in the                event of                the optionee’s death, disability, retirement (after age 60 with 25 years                of service with us or after age 65 with no additional limitations)                or upon                a change in control. Amount reflected represents the difference between                the exercise price of all options for which vesting would be accelerated                and the $27.51 closing price of our Common Stock on December 31,                2006. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**DIRECTOR      COMPENSATION**

| **Name****(a)                (b)**                  |   | **Fees                Earned or Paid in Cash****($)** |   |
|-----------------------------------------------------|--------|-------------------------------------------------------|--------|
| W.                T. Green, Jr., Chairman           |   | $                                                     | 41,700 |   |
| Wanda                W. Calhoun                     |   | $                                                     | 18,200 |   |
| Grady                W. Cole                        |   | $                                                     | 25,475 |   |
| Richard                A. Duncan                    |   | $                                                     | 26,900 |   |
| L                G                (Jack) Joyner (c) |   | $                                                     | 24,850 |   |
| R.                David Perry                       |   | $                                                     | 29,050 |   |
| L.                Richard Plunkett                  |   | $                                                     | 21,525 |   |
| Thomas                E. Reeve, III, M.D.           |   | $                                                     | 16,900 |   |
| Thomas                T. Richards                   |   | $                                                     | 28,900 |   |
| Oscar                W. Roberts, III                |   | $                                                     | 17,450 |   |
| Frank                T. Thomasson, III              |   | $                                                     | 20,700 |   |
| J.                Thomas Vance                      |   | $                                                     | 32,650 |   |
| Charles                M. Willis, Sr.               |   | $                                                     | 29,525 |   |

----

| (a) | Director                fees for Mr. Lipham, who joined our Board effective October 10, 2006,                have                been excluded from this table as they are reported in the Summary                Compensation Table under the “All Other Compensation”                column. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | We                do not make stock awards to our directors as part of their compensation                package. However, directors may elect to receive cash fees earned                for                service on the Board and various committees in stock. In 2006, no                director                elected to receive stock in payment for earned                fees. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Mr.                Joyner retired from our Board effective October 31,                2006. |
|-----|---------------------------------------------------------------------------------------------|

**Overview      of Compensation and Procedures**

| ·   | publicly                available data describing director compensation in peer                companies; |
|--------------------|-----------------------------------------------------------------------------------------------------------|

| ·   | survey                data collected by our human resources department or from third-party                consultants; and |
|--------------------|----------------------------------------------------------------------------------------------------------------------------|

| ·   | information                obtained directly from other                companies. |
|--------------------|-----------------------------------------------------------------------------------|

----

**Compensation      Committee Interlocks and Insider Participation **

----

**Item      12.**
**      Security Ownership of Certain Beneficial Owners and Management and Related      Shareholder Matters**

*Beneficial      Ownership*

| **Name                of Beneficial Owners**1 |   | **Title** |                                                                                                   | **Common                Stock****Owned** |   | **Percent                of Class** |   |
|-----------------------------------------------|--------|-----------|--------------------------------------------------------------------------------------------------------|------------------------------------------|--------|-------------------------------------|--------|
|                                          |   |      |                                                                                                   |                                     |   |                                |   |
| H.                B. Lipham, III (a)          |   |      | CEO,                President and Director - Company CEO,                President and Director - Bank |                                     |   | 32,163                              |   |   | * |   |
| Wanda                Calhoun (b)              |   |      | Director                                                                                               |                                     |   | 13,152                              |   |   | * |   |
| Grady                Woodfin Cole (c)         |   |      | Director                                                                                               |                                     |   | 63,569                              |   |   | 1.27 | % |
| Richard                A. Duncan (d)          |   |      | Director                                                                                               |                                     |   | 110,078                             |   |   | 2.20 | % |
| W.                T. (Tommy) Green, Jr. (e)   |   |      | Director                                                                                               |                                     |   | 94,620                              |   |   | 1.89 | % |
| L.                G. (Jack) Joyner (f)        |   |      | Director                                                                                               |                                     |   | 115,578                             |   |   | 2.31 | % |
| R.                David Perry                 |   |      | Director                                                                                               |                                     |   | 81,944                              |   |   | 1.64 | % |
| L.                Richard Plunkett (g)        |   |      | Director                                                                                               |                                     |   | 16,107                              |   |   | * |   |
| Dr.                Thomas E. Reeve III (h)    |   |      | Director                                                                                               |                                     |   | 3,503                               |   |   | * |   |
| Thomas                T. Richards (i)         |   |      | Director                                                                                               |                                     |   | 290,293                             |   |   | 5.81 | % |
| Oscar                W. Roberts, III (j)      |   |      | Director                                                                                               |                                     |   | 62,577                              |   |   | 1.25 | % |
| Frank                T. Thomasson, III        |   |      | Director                                                                                               |                                     |   | 7,075                               |   |   | * |   |
| J.                Thomas Vance                |   |      | Director                                                                                               |                                     |   | 23,089                              |   |   | * |   |

----

----

| **Name                  of Beneficial Owners**1                                                                      |   | **Title** |                                                                                                                                 | **Common                  Stock****Owned** |   | **Percent                  of Class** |   |
|----------------------------------------------------------------------------------------------------------------------|--------|-----------|--------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|--------|---------------------------------------|--------|
|                                                                                                                 |   |      |                                                                                                                                 |                                       |   |                                  |   |
| Steven                  J. Haack (l)                                                                       |   |      | Secretary                  and Treasurer-                  CompanySEVP,                  Chief Financial Officer and Director - Bank |                                       |   | 16,731                                |   |   | * |   |
| W.                  Galen Hobbs, Jr. (m)                                                                             |   |      | Executive                  Vice President - Bank                                                                                     |                                       |   | 9,713                                 |   |   | * |   |
| William                  R. Whitaker (n)                                                                             |   |      | Senior                  Vice President - Bank                                                                                        |                                       |   | 2,379                                 |   |   | * |   |
| Robert                  M. Gordy (o)                                                                                 |   |      | Executive                  Vice President - Bank                                                                                     |                                       |   | 1,790                                 |   |   | * |   |
| Louise                  Tyus Roberts Jewell (p)2002                  Bowdon RoadCarrollton,                  Georgia |   |      |                                                                                                                                 |                                       |   | 490,308                               |   |   | 9.80 | % |
| Joe                  Whit Walker (q)839                  Bethesda Church RoadCarrollton,                  Georgia    |   |      |                                                                                                                                 |                                       |   | 415,725                               |   |   | 8.31 | % |
| Sally                  A. BobickP.O.                  Box 1510Carrollton,                  Georgia                   |   |      |                                                                                                                                 |                                       |   | 298,512                               |   |   | 5.97 | % |
| L.                  Leighton Alston (r)                                                                              |   |      | Former                  CEO, President and Director - CompanyFormer                  CEO and Director - Bank                         |                                       |   | 75,572                                |   |   | 1.50 | % |
| All                  Executive Officersand                  Directors as aGroup                  (18 persons) (s)    |   |      |                                                                                                                                 |                                       |   | 1,057,433                             |   |   | 21.00 | % |

----

| (a) | Includes                75 shares owned by Budding Tree Ltd. and 12,000 shares owned by Lipham                Family Investments, which are controlled by Mr. Lipham, 6,642 shares                owned                individually by, and/or jointly with, his wife, 780 shares owned                jointly                with his father and 12,666 options which are currently                exercisable. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Includes                7,797 shares owned by Ms. Calhoun’s minor children and 555 shares owned by                her husband. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Includes                382 shares owned by Mr. Cole’s minor                children. |
|-----|---------------------------------------------------------------------------------------------|

| (d) | Includes                3,878 shares owned by Mr. Duncan’s minor children and 2,880 shares owned                by his wife. |
|-----|------------------------------------------------------------------------------------------------------------------------------------|

| (e) | Includes                4,800 shares owned by W. T. Green Jr. Family Limited Partnership                of which                Mr. Green is the general partner and 448 shares owned by his                wife. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | Includes                6,195 shares owned by Ivy Bluff Properties, Inc., of which Mr. Joyner                is                president, and 400 shares  owned                by his wife. Mr. Joyner retired from the Board effective October                31,                2006. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (g) | Includes                1,557 shares held by Mr. Plunkett as custodian for his minor children                and                971 shares owned in a third party IRA which Mr. Plunkett                directs. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (h) | Includes                1,103 shares owned by Dr. Reeve’s                wife. |
|-----|--------------------------------------------------------------------------------------|

| (i) | Includes                150 shares owned by Mr. Richards’wife. |
|-----|----------------------------------------------------------------------|

| (j) | Includes                4,392 shares owned jointly with Mr. Roberts’ children and 750 shares owned                by his wife. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

| (k) | Includes                150 shares owned by Mr. Willis’wife. |
|-----|--------------------------------------------------------------------|

| (l) | Includes                12,221 options which are currently                exercisable. |
|-----|----------------------------------------------------------------------------------------|

| (m) | Includes                6,180 options which are currently                exercisable. |
|-----|---------------------------------------------------------------------------------------|

| (n) | Includes                164 options which are currently                exercisable. |
|-----|-------------------------------------------------------------------------------------|

| (o) | Includes                162 shares owned by Mr. Whitaker’s minor children and 1,577 options which                are currently exercisable. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

| (p) | Includes                shares held personally and as executrix of the Estate of Oscar W.                Roberts,                Jr. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

| (q) | Includes                9,600 shares owned by Mr. Walker’s                wife. |
|-----|---------------------------------------------------------------------------------------|

| (r) | Includes                116 shares owned by Mr. Alston’s wife and 357 shares owned by Mr. Alston’s                child. Mr. Alston resigned from the Company and the Bank effective                February 11, 2006. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (s) | See                notes (a) through (o) above. |
|-----|-------------------------------------------------|

*Securities      Authorized for Issuance Under Equity Compensation Plans*

| *Plan                Category*                                              |   | *Number                of securities to be issued upon exercise of outstanding options,                warrants                and rights*(a) |    | *Weighted-average                exercise price of outstanding options, warrants and                rights*(b) |   | *Number                of securities remaining available for future issuance under equity                compensation plans (excluding securities reflected in column                (a))*(c) |   |
|-----------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|---------|----------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| *Equity                compensation plans approved by security holders*     |   |                                                                                                                                          | 129,001 |                                                                                                           | $      | 19.49                                                                                                                                                                                         |   |   | 921,000* |   |
| *Equity                compensation plans not approved by security holders* |   |                                                                                                                                          | N/A     |                                                                                                           |   | N/A                                                                                                                                                                                           |   |   | N/A |   |
| *Total*                                                                     |   |                                                                                                                                          | 129,001 |                                                                                                           | $      | 19.49                                                                                                                                                                                         |   |   | 921,000* |   |

----

| **Item                13.** | **Certain                Relationships and Related Transactions, and Director                Independence** |
|-----------------------------|-------------------------------------------------------------------------------------------------------------|

*Our      Board*

*Board      Committees*

| **Director**                              |   | **Audit**                |   | **Compensation**         |   | **Nominating**           |
|-------------------------------------------|--------|--------------------------|--------|--------------------------|--------|--------------------------|
|                                      |   |                     |   |                     |   |                     |
| W.T.                Green, Jr. (Chair)    |   |                     |   |                     |   |                     |
| Wanda                W. Calhoun           |   |                     |   | X                        |   |                     |
| Grady                W. Cole              |   |                     |   |                     |   | X                (Chair) |
| Richard                A. Duncan          |   |                     |   |                     |   |                     |
| L.G.                (Jack) Joyner (a)     |   |                     |   |                     |   |                     |
| R.                David Perry             |   | X                        |   | X                (Chair) |   |                     |
| L.                Richard Plunkett        |   | X                        |   |                     |   |                     |
| Thomas                E. Reeve, III, M.D. |   |                     |   | X                        |   |                     |
| Thomas                R. Richards         |   | X                (Chair) |   |                     |   |                     |
| Oscar                W. Roberts, III      |   |                     |   |                     |   |                     |
| Frank                T. Thomasson, III    |   | X                        |   |                     |   | X                        |
| J.                Thomas Vance            |   |                     |   | X                        |   | X                        |
| Charles                M. Willis, Sr.     |   |                     |   |                     |   |                     |
| H.B.                Lipham, III           |   |                     |   |                     |   |                     |

| (a) | Mr.                Joyner retired from our Board effective October 31, 2006. He served                on the                Compensation Committee prior to his                retirement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*Related      Party Transactions*

----

**Item      14. Principal Accountant Fees and Services**

*Audit      Fees*

*Audit-Related      Fees*

*Tax      Fees*

*All      Other Fees*

----

**PART      IV**

**Item      15.**
**      Exhibits and Financial Statement Schedules **

| (a)(1) | Financial                Statements |
|--------|-------------------------------------|

| (2) | Financial                Statement Schedules |
|-----|----------------------------------------------|

| (3) | The                following exhibits are filed with this Report**:** |
|-----|-----------------------------------------------------------------------|

| 3.1    | Amended                and Restated Articles of Incorporation (Incorporated by reference                to                Exhibit 3.1 to the Company’s Registration Statement on Form 10-SB filed                June 14, 2000 (the “Form 10-SB”))                          |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                          |
| 3.2    | Amended                and Restated Bylaws (Incorporated by reference to Exhibit 3.2 to                the Form                10-SB)                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                          |
| 4.1    | See                exhibits 3.1 and 3.2 for provisions of Company’s Articles of Incorporation                and Bylaws Defining the Rights of Shareholders                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                          |
| 4.2    | Specimen                certificate representing shares of Common Stock (Incorporated by                reference                to Exhibit 4.2 to the Form 10-SB)                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                          |
| 4.3    | Rights                Agreement dated as of February 12, 1997 between the Company and SunTrust                Bank, Atlanta (Incorporated by reference to Exhibit 4.3 to the Form                10-SB)                                                                                       |
|   |                                                                                                                                                                                                                                                                                          |
| 10.1*  | Employment                Agreement dated as of July 11, 2006 between H.B. Lipham, III, WGNB                Corp.                and West Georgia National Bank (Incorporated by reference to Exhibit                10.1                to the Company’s Form 8-K dated July 11, 2006) |
|   |                                                                                                                                                                                                                                                                                          |
| 10.2*  | Bonus                and Stock Option Agreement dated as of September 23, 1998 between                the                Company and H.B. Lipham, III (Incorporated by reference to Exhibit                10.6 to                the Form 10-SB)                                             |
|   |                                                                                                                                                                                                                                                                                          |
| 10.3*  | Bonus                and Stock Option Agreement dated as of September 23, 1998 between                the                Company and W. Galen Hobbs, Jr. (Incorporated by reference to Exhibit                10.7 to the Form 10-SB)                                                    |
|   |                                                                                                                                                                                                                                                                                          |
| 10.4*  | Bonus                and Stock Option Agreement dated as of September 23, 1998 between                the                Company and Steven J. Haack (Incorporated by reference to Exhibit                10.8 to                the Form 10-SB)                                              |
|   |                                                                                                                                                                                                                                                                                          |
| 10.5*  | Form                of Election for Payment of Director Meeting Fees (Incorporated by                reference to Exhibit 10.10 to the Form                10-SB)                                                                                                                             |

----

| 10.6*  | Employment                Agreement dated August 8, 2005 among WGNB Corp., West Georgia National                Bank and Steven J. Haack (Incorporated by reference to Exhibit 10.1                to the                Company’s Form 8-K dated August 8, 2005)                                                                            |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 10.7*  | Employment                Agreement dated July 11, 2005 between West Georgia National Bank                and W.                Galen Hobbs, Jr. (Incorporated                by reference to Exhibit 10.1 to the Company’s Form 8-K dated July 11,                2005)                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 10.8*  | Second                Amendment to Bonus and Stock Option Agreement dated June 17, 2002                between                the Company and H.B. Lipham, III (Incorporated by reference to Exhibit                10.7 to the Company’s Form 10-Q for the quarter ended June 30, 2002 (the                “6/30/02 Form 10-Q”) |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 10.9*  | Incentive                Stock Option Agreement dated March 12, 2002 between the Company and                H.B.                Lipham, III (Incorporated by reference to Exhibit 10.8 to the 6/30/02                Form                10-Q)                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 10.10* | Amendment                to Bonus and Stock Option Agreement dated May 30, 2002 between the                Company                and W. Galen Hobbs, Jr. (Incorporated by reference to Exhibit 10.10                to the                6/30/02 Form 10-Q)                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 10.11* | Incentive                Stock Option Agreement dated March 12, 2002 between the Company and                W.                Galen Hobbs, Jr. (Incorporated by reference to Exhibit 10.11 to the                6/30/02 Form 10-Q)                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 10.12* | Amendment                to Bonus and Stock Option Agreement dated April 26, 2002 between                the                Company and Steven J. Haack (Incorporated by reference to Exhibit                10.13 to                the 6/30/02 Form 10-Q)                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 10.13* | Incentive                Stock Option Agreement dated March 12, 2002 between the Company and                Steven                J. Haack                                                                                                                                                                                                         |
|   | (Incorporated                by reference to Exhibit 10.14 to the 6/30/02 Form 10-Q)                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 10.14* | 2003                Stock Incentive Plan (Incorporated by reference to Appendix A to                the                Company’s Definitive Proxy Statement for its 2003 Annual Meeting)                                                                                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 10.15* | Employment                Agreement dated November 28, 2005 between the Company and William                R.                Whitaker (Incorporated by reference to Exhibit 10.1 to the Company’s Form                8-K dated November 28, 2005)                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 10.16* | Bonus                and Stock Option Agreement dated December 27, 2004 between the Company                and                William R. Whitaker (Incorporated by reference to Exhibit 10.32 to                the                Company’s Annual Report on Form 10-K for the year ended December 31,                2004)                 |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 10.17* | Separation                Agreement and Release dated February 14, 2006 between the Company,                the                Bank and L. Leighton Alston (Incorporated by reference to Exhibit                10.23 to                the Company’s Form 10-K for the year ended December 31,                2005)                         |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 21     | Subsidiary                of WGNB Corp.                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 23     | Consent                of Porter, Keadle, Moore LLP                                                                                                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 31.1   | Certification                of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley                Act of 2002                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 31.2   | Certification                of Chief Financial Officer pursuant to Section 302 of the Sarbanes                Oxley                Act of 2002                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 32.1   | Certification                of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley                Act of 2002                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                               |
| 32.2   | Certification                of Chief Financial Officer pursuant to Section 906 of the Sarbanes                Oxley                Act of 2002                                                                                                                                                                                                    |

----

| * | Indicates                management contract or compensatory plan or arrangement.  |
|---|-----------------------------------------------------------------------------------------|

----

**SIGNATURES**

|                                   |                                                               |                  |
|----------------------------------------|--------------------------------------------------------------------|-----------------------|
|                                   | WGNB CORP.                                                         |
|                              |                                                          |             |
| Date: April              30, 2007 | By:                                                      | /s/ H. B. Lipham, III |
|                                   | H.B              Lipham, III, Chief Executive              Officer |

| /s/                H.B. Lipham, III                         |   | Date:                April 30, 2007 |
|-------------------------------------------------------------|--------|-------------------------------------|
| H.B.                Lipham, III, President, Chief           |   |                                |
| Executive                Officer and Director               |   |                                |
| [Principal                Executive Officer]                |   |                                |
|                                                        |   |                                |
|                                                        |   |                                |
| /s/                Steven J. Haack                          |   | Date:                April 30, 2007 |
| Steven                J. Haack, Secretary and Treasurer     |   |                                |
| [Principal                Financial and Accounting Officer] |   |                                |
|                                                        |   |                                |
|                                                        |   |                                |
| /s/              W. T. Green                                |   | Date:          April 30, 2007       |
| W.                T. Green, Chairman of the Board           |   |                                |
|                                                        |   |                                |
|                                                        |   |                                |
|                                                        |   | Date:                April 30, 2007 |
| Wanda                W. Calhoun, Director                   |   |                                |
|                                                        |   |                                |
|                                                        |   |                                |
| /s/ Grady              W. Cole                              |   | Date:          April 30, 2007       |
| Grady                W. Cole, Director                      |   |                                |
|                                                        |   |                                |
|                                                        |   |                                |
| /s/ Richard              A. Duncan                          |   | Date:          April 30, 2007       |
| Richard                A. Duncan, Director                  |   |                                |
|                                                        |   |                                |
|                                                        |   |                                |
| /s/ R. David              Perry                             |   | Date:                April 30, 2007 |
| R.                David Perry, Director                     |   |                                |
|                                                        |   |                                |
|                                                        |   |                                |
| /s/ L. Richard              Plunkett                        |   | Date:          April 30, 2007       |
| L.                Richard Plunkett, Director                |   |                                |
|                                                        |   |                                |
|                                                        |   |                                |
|                                                        |   | Date:                April 30, 2007 |
| Thomas                E. Reeve, III, M.D., Director         |   |                                |

----

| /s/ Thomas              T.              Richards     |   | Date:          April 30, 2007       |
|------------------------------------------------------|--------|-------------------------------------|
| Thomas                T. Richards, Director          |   |                                |
|                                                 |   |                                |
|                                                 |   |                                |
|                                                 |   | Date:          April 30, 2007       |
| Oscar                W. Roberts, III, Director       |   |                                |
|                                                 |   |                                |
|                                                 |   |                                |
| /s/ Frank T.              Thomasson, III             |   | Date:          April 30, 2007       |
| Frank                T. Thomasson, III, Director     |   |                                |
|                                                 |   |                                |
|                                                 |   |                                |
| /s/ J. Thomas              Vance                     |   | Date:                April 30, 2007 |
| J.                Thomas Vance, Director             |   |                                |
|                                                 |   |                                |
|                                                 |   |                                |
| /s/ Charles              M.              Willis, Sr. |   | Date:          April 30, 2007       |
| Charles                M. Willis, Sr., Director      |   |                                |

----