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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

Commission file number: 000-30805

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X]      No [   ]

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

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WGNB CORP.

INDEX TO FORM 10-Q

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Part I – Financial Information

Item 1.     Financial Statements

     The unaudited financial statements of WGNB Corp. (the “Company”) are set forth on the following pages. All adjustments have been made which, in the opinion of management, are necessary in order to make the financial statements not misleading.

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WGNB CORP.

Consolidated Balance Sheet

See accompanying notes to consolidated financial statements.

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WGNB CORP.
Consolidated Statements of Earnings
For the Three and Nine Months Ended September 30, 2002 and 2001
(unaudited)

See accompanying notes to consolidated financial statements.

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WGNB CORP.
Consolidated Statements of Comprehensive Income

For the Three and Nine Months Ended September 30, 2002 and 2001
(unaudited)

See accompanying notes to consolidated financial statements.

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WGNB CORP.
Consolidated Statements of Cash Flows

For the Nine Months Ended September 30, 2002 and 2001

See accompanying notes to consolidated financial statements.

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WGNB CORP.
Consolidated Statements of Cash Flows, continued

For the Nine Months Ended September 30, 2002 and 2001

(unaudited)

See accompanying notes to consolidated financial statements.

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WGNB Corp.
Notes to Consolidated Financial Statements

September 30, 2002
(unaudited)

(1) Basis of Presentation

     The consolidated financial statements include the accounts of WGNB Corp. (the “Company”) and its wholly-owned subsidiaries, West Georgia National Bank (the “Bank”) and West Georgia Credit Services, Inc. (the “Finance Company”). All significant inter-company accounts have been eliminated in consolidation. In some cases, certain prior period amounts have been reclassified to conform with current year presentation.

     The accompanying unaudited interim consolidated financial statements reflect all adjustments which, in the opinion of management, are necessary to present fairly the Company’s financial position as of September 30, 2002, and the results of its operations and its cash flows for the nine-month period then ended. All such adjustments are normal and recurring in nature. The financial statements included herein should be read in conjunction with consolidated financial statements and the related notes and the report of independent accountants included in the Company’s filing on Form 10-K which included the results of operations for the years ended December 31, 2001, 2000 and 1999.

(2) Net Earnings Per Share

     Basic earnings per share is based on the weighted average number of common shares outstanding during the period while the effects of potential common shares outstanding during the period are included in diluted earnings per share. The average market price during the year is used to compute equivalent shares. All net earnings per share amounts have been restated to conform to the provisions of SFAS No. 128.

     Reconciliation of the amounts used in the computation of both “basic earnings per share” and “diluted earnings per share” for the periods ended September 30, 2002 and September 30, 2001 are as follows:

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WGNB Corp.
Notes to Consolidated Financial Statements, continued

(2) Net Earnings Per Share, continued

(3) Issuance of Common Stock

     On April 10, 2002, the Company commenced a public offering of 200,000 shares of its common stock at a purchase price of $24.00 per share, or an aggregate amount of $4,800,000. The offering was conducted through the Company’s officers and directors on a best-efforts basis without compensation. The entire 200,000 shares subject to the registration statement were sold and the offering was terminated on April 23, 2002. As of September 30, 2002, the Company received net proceeds from the offering of $4,765,654, representing total offering proceeds of $4,800,000, less offering expenses of $34,346.

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WGNB Corp.

Item 2.    Management’s Discussion and Analysis of Results of Operations and Financial Condition

     The following analysis compares WGNB Corp.’s results of operations for the quarter and nine month periods ended September 30, 2002 compared to September 30, 2001 and the financial position of the Company for the periods ended September 30, 2002 and December 31, 2001. These comments should be read in conjunction with the Company’s consolidated financial statements and the accompanying notes appearing elsewhere in this report.

Forward Looking Statements

     This report may contain certain “forward-looking statements” including statements concerning plans, objectives, future events or performance and assumptions and other statements that are not statements of historical fact. The Company cautions readers that the following important factors, among others, could cause the Company’s actual results to differ materially from the forward-looking statements contained in this report: (i) the effect of changes in laws and regulations, including federal and state banking laws and regulations, with which the Company and its subsidiaries must comply, and the associated costs of compliance with such laws and regulations either currently or in the future as applicable; (ii) the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies as well as by the Financial Accounting Standards Board, or of changes in the Company’s organization, compensation and benefit plans; (iii) the effect on the Company’s competitive position within its market area of the increasing consolidation within the banking and financial services industries, including the increased competition from larger regional and out-of-state banking organizations as well as non-bank providers of various financial services; (iv) the effect of changes in interest rates; and (v) the effect of changes in the business cycle and downturns in local, regional or national economies. The Company cautions that the foregoing list of important factors is not exclusive.

Results of Operations

Overview

     Net earnings for the nine months ended September 30, 2002 were $4.2 million, or $1.29 per diluted share. This represents an increase of $608,086, or $.14 per diluted share, when compared to the nine months ended September 30, 2001. The percentage increase in net earnings from the period ended September 30, 2001 to September 30, 2002 was 16.9 percent and net earnings per diluted share increased 12.2 percent. The net earnings for the third quarter of 2002 were $1.67 million, or $.50 per diluted share, compared to $1.15 million, or $.37 per diluted share, for the third quarter of 2001. The 2002 quarterly net earnings represented a 44.7 percent increase when compared to the three months ended September 30, 2001. The increase was 35.1 percent when measuring the increase in the diluted earnings per share amounts for the same period.

     The Company recorded a gain on the sale of an interest swap of $252,950 in the third quarter of 2002. Net of tax, the gain on the derivative security had an impact on earnings of approximately $167,000. The Company has no other derivative security arrangements in place. Consequently, this quarter’s gain is considered non-recurring in nature.

     The continued low interest rate environment has encouraged customers to continue to refinance their home mortgages in 2002. Year to date, mortgage fees are 37.2 percent higher in 2002 than 2001. Total mortgage fees for this year to date are $693,000 compared to $505,000 in 2001. The mortgage refinancing activity has slowed recently and is expected to level off over the remainder of 2002.

     The Bank’s net interest margin has stabilized and has actually begun to increase. The net interest margin at September 30, 2002 was 4.97 percent as compared to 4.27 percent at September 30, 2001 which was in the middle of the rapid decline in rates during 2001. The details of this trend are described below, but this has had a positive impact on earnings in 2002 and has contributed to the Company’s earnings improvement.

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Net Interest Income

     Net interest income for the first nine months of 2002 exceeded that of the first nine months of 2001 by $833,000, or 7.7 percent. The Company’s net interest margin percentage has decreased (on a year-to-date basis) from 4.89 percent as of September of 2001 to 4.83 percent as of September of 2002. Despite relatively even year-to-date interest margins for the two periods, one important trend has taken place in 2002. The net interest margin was rapidly declining in 2001, while 2002 has stabilized and has begun to increase. On September 30, 2001 the Bank’s net interest margin for the month was 4.31 percent. As mentioned above, the current net interest margin is 4.89 percent, a 58 basis point increase.

     The reason for the increase in net interest margin can be best illustrated by analyzing the Bank’s cost of funds. On September 30, 2001 the Bank’s cost of funds was 4.27 percent compared to 2.64 percent as of September 30, 2002, a reduction of 163 basis points. The two periods can be compared because both periods did not have the effects of the interest rate swap included in the calculation of cost of funds. On September 30, 2001 average transaction accounts amounted to 46 percent of all deposits and borrowings. That figure on September 30, 2002 is 51 percent. The weighted average cost of the transaction accounts on September 30, 2001 was 1.73 percent compared to 1.01 percent on September 30, 2002 a 72 basis point reduction. The interest rate reduction alone would have a dramatic impact on the reduction of the overall cost of funds, but when coupled with the change in the mix, the impact was even greater.

     On September 30, 2001, the weighted average cost of time accounts and other borrowed funds was 5.84 percent. The weighted average cost of time accounts and other borrowings has been reduced to 4.36 percent on September 30, 2002. Time accounts and other borrowings typically have a longer term before repricing. Because of the extended time period of low interest rates, the Bank’s term liabilities have had time to respond. During the quarter the Bank borrowed $10 million from the Federal Home Loan Bank for a 10 year term and a 5 year one time call at 3.37 percent. This had the effect of lowering the overall cost of borrowings going forward.

Other Income and Expense

     Other income for the first nine months of 2002 increased by $610,000, or 18.5 percent, when compared to the same period in 2001. The increase is primarily attributable to a gain on the settlement of an interest rate swap of $254,000. Additionally, service fees for non-sufficient funds on overdraft accounts increased $228,000, or 12.6 percent, and mortgage related fees increased $134,000, or 37 percent.

     Non-interest income for the third quarter ended September 30, 2002 was $1.56 million, an increase of $387,000 or 33 percent when compared to the same period in 2001. As discussed above, the primary contributor of this increase is attributable to the gain on the settlement of an interest rate swap. The remaining increase is attributable to mortgage origination fees.

     The gain on the sale of the settlement of the interest rate swap will not be recurring in nature. The Bank settled its position in a “receive fixed, pay floating” interest rate swap contract. The original notional amount of the contract was $20 million and its term was 24 months. The swap contract was entered into as a fair value hedge on the fixed rate borrowings from the Federal Home Loan Bank.

     Mortgage origination has experienced record volume for the Company in the first nine months of 2002. While the mortgage origination business continued to be better than average for the third quarter, management expects this activity to level off for the remainder of 2002.

     Non-interest expense for the three-quarter period ended September 30, 2002 has increased by $1.02 million, or 12.8 percent, when compared to the same period in 2001. Salaries and employee benefits increased $689,000, or 14.7 percent. The increase of this line item is primarily attributable to increased commissions for mortgage loan originators and a full nine months of salaries in the Douglasville branch in 2002. The Douglasville branch opened in July, 2001. The $94,000, or 8.1 percent, increase in occupancy expense is also primarily related to the new Douglasville location and some refurbishment that has taken place at the Bank’s main office, operations center, the Villa Rica branch and the First Tuesday Mall branch. Other operating expenses have increased by $235,000, or 11.1 percent, when comparing the three quarters ended September 30, 2002 and 2001. The other operating expense increase is primarily attributable to

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$104,000 in legal and professional fees and $39,000 in program fees related to the Bank’s bounce protection program. The remainder of the increase in operating expenses is spread among many expense line items. These increases are attributable to normal increases associated with operating a growing company.

Income Taxes

     Income tax expense for the first nine months of 2002 was $2.2 million compared to $1.9 million in 2001 for the same period. The marginal tax rates for the years-to-date September 30, 2002 and 2001 were 34.0 percent and 34.5 percent, respectively.

Provision and Allowance for Possible Loan and Lease Losses

     The adequacy of the allowance for loan and lease losses is determined through management’s informed judgment concerning the amount of risk inherent in the Company’s loan and lease portfolios. This judgment is based on such factors as the change in levels of non-performing and past due loans and leases, historical loan loss experience, borrowers’ financial condition, concentration of loans to specific borrowers and industries, estimated values of underlying collateral, and current and prospective economic conditions. The allowance for loan and lease losses at September 30, 2002 was $3.8 million, or 1.38 percent, of total loans compared to $3.5 million, or 1.36 percent, at September 30, 2001. Management believes that the allowance for loan and lease is adequate to absorb possible loss in the loan portfolio. Management has increased the allowance as a percentage of outstanding loans due to uncertainty related to the national economy and its impact on the Company’s market area.

Non-Performing Assets and Past Due Loans

     Non-performing assets, comprised of real estate owned, non-accrual loans and loans for which payments are more than 90 days past due, totaled $1.75 million at September 30, 2002 compared to $2.31 million at September 30, 2001. Non-performing assets as a percentage of total loans and real estate owned at September 30, 2002 and September 30, 2001 were 0.6 percent and 0.9 percent, respectively.

     The Company has a loan review function that continually monitors selected loans for which general economic conditions or changes within a particular industry could cause the borrowers financial difficulties. The loan review function also identifies loans with higher degrees of credit or other risks. The focus of loan review as well as management is to maintain a low level of non-performing assets and return current non-performing assets to earning status. Management is unaware of any known trends, events or uncertainties that will have or that are reasonably likely to have a material effect on liquidity, capital resources or operations.

Financial Condition

Overview

     Total assets were $361 million at September 30, 2002, an increase of $11 million, or 3.2 percent, from December 31, 2001. Total loans have grown $19.9 million, or 7.8 percent, cash and cash equivalents have decreased $8.1 million, or 26.2 percent, and total deposits have decreased $7.1 million, or 2.5 percent. The Bank borrowed $10 million from the Federal Home Loan Bank in the third quarter of 2002.

     The Company has experienced a shift in its liability mix. Total liabilities are relatively unchanged since December 31, 2001. Time deposit accounts have declined by $13.3 million and transaction accounts, including savings accounts, have increased $6.2 million. The Company’s market has experienced significant change in 2002. All of the remaining community banks have sold to larger regional banks including the Bank’s largest competitor. The Company has benefited from these mergers as many customers of these banks have moved their checking accounts to the Bank.

     Additionally, the super-regional bank that purchased our largest competitor has raised certificate of deposit rates in this market in an effort to avoid losing deposit market share. The Bank has chosen not to match the higher rates on CD’s, because it has been successful in attracting the lesser costing transaction accounts in the market. Thus, the shift has taken place from certificates of deposits to transaction accounts in the Bank’s liability mix.

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     The Company’s loan growth has decreased when compared to historical figures. Total loans have grown by $20 million, or 7.9 percent, since December 31, 2001 and most of that growth has taken place in the third quarter. The Bank has seen an increase in loan requests, but the sustainability of that remains uncertain.

Assets and Funding

     At September 30, 2002 earning assets totaled $342 million, an increase of $10 million, or 3.0 percent, from December 31, 2001. At September 30, 2002, loans constituted 80 percent and investment securities constituted 16.6 percent of total earning assets. At December 31, 2001, loans constituted 77 percent and investment securities constituted 16.5 percent of the Company’s earning assets. The loan to deposit ratio was 100 percent and 90 percent as of September 30, 2002 and December 31, 2001, respectively.

     At September 30, 2002, interest-bearing deposits have decreased $11.1 million, or 4.5 percent, compared to that amount at December 31, 2001. Non-interest-bearing deposits have increased $4.1 million, or 12.4 percent, through the third quarter of 2002 and totaled $37 million at September 30, 2002. Federal Home Loan Bank advances have increased $10 million in the first nine months of 2002 and totaled $45 million at September 30, 2002. The advances are fixed rate with varying terms, calls and maturity dates. At September 30, 2002, deposits represented 86 percent and advances constituted 14 percent of funding liabilities.

Liquidity and Capital Resources

     Net cash provided by operating activities totaled $4.8 million for the nine months ended September 30, 2002. Net cash used by investing activities totaled $19 million, consisting primarily of $20 million of loan funding. Net cash provided by financing activities was $5.8 million for the three quarters ended 2002. Most of the cash accumulated by financing activities was from the net proceeds of the common stock offering of $4.8 million and $10 million of Federal Home Loan Bank advances. These cash generating activities were offset by a $7.1 million decrease in deposits.

     Total stockholders’ equity at September 30, 2002 was 10.5 percent of total assets compared to 8.3 percent at December 31, 2001. The increase in the capital percentage is due to an increase in capital attributed to the stock offering, increased retained earnings and increased accumulated comprehensive income. Total equity increased $8.6 million since December 31, 2001 while total assets increased $11.1 million. At September 30, 2002, WGNB Corp. was in compliance with various regulatory capital requirements administered by federal and state banking agencies. The following is a table representing WGNB Corp.’s consolidated Tier-1, tangible capital and risk-based capital:

Off Balance Sheet Risk

     Through the operations of the Bank, the Company has made contractual commitments to extend credit in the ordinary course of its business activities. These commitments are legally binding agreements to lend money to the Bank’s customers at predetermined interest rates for a specified period of time. At September 30, 2002, the Bank had issued commitments to extend credit of $50,525,873 through various types of commercial lending arrangements and additional commitments through standby letters of credit of $1,674,874. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The

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amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on its credit evaluation of the borrower. Collateral varies but may include accounts receivable, inventory, property, plant and equipment, commercial and residential real estate. The Company manages the credit risk on these commitments by subjecting them to normal underwriting and risk management processes.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

     Market risk is the risk of loss from adverse changes in market prices and interest rates. The Company’s market risk arises primarily from interest rate risk inherent in it lending and deposit taking activities. The Company has little or no risk related to trading accounts, commodities and foreign exchanges.

     Interest rate risk, which encompasses price risk, is the exposure of a banking organization’s financial condition and earnings ability to adverse movements in interest rates. The measurement of market risk associated with financial instruments is meaningful only if and when all related and offsetting on- and off-balance sheet transactions are aggregated, and the resulting net positions are identified. Disclosures about fair value of financial instruments as of December 31, 2001, which reflected changes in market prices and rates, can be found in the Company’s Annual Report to Stockholders on Form 10-K for the year ended December 31, 2001 under the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operation – Asset/Liability Management.”

     Management actively monitors and manages the Company’s interest rate risk exposure. The primary objective in managing interest rate risk is to limit, within established guidelines, the adverse impact of changes in interest rates on the Company’s net interest income and capital, while adjusting the Company’s asset-liability structure to control interest rate risk. However, a sudden and substantial increase in interest rates may not have a proportional impact on interest sensitive assets and liabilities.

     Management believes that the migration of time deposits out of the Bank, the increase in transaction accounts and the borrowing from the Federal Home Loan Bank have stabilized the Bank’s cost of funds in a low rate environment. The asset side remains more sensitive to rate movements, but not outside of established guidelines. The resulting effect is a balance sheet which slightly benefits from an increase in interest rates.

Item 4. Controls and Procedures

Evaluation of disclosure controls and procedures.

     The Company maintains controls and procedures designed to ensure that information required to be disclosed in the reports that the Company files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission. Based upon their evaluation of those controls and procedures performed within 90 days of the filing date of this report, the chief executive and chief financial officers of the Company concluded that the Company’s disclosure controls and procedures were adequate.

Changes in internal controls.

     The Company made no significant changes in its internal controls or in other factors that could significantly affect these controls subsequent to the date of the evaluation of those controls by the chief executive and chief financial officers.

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Part II – Other Information

Item 1. Legal Proceedings

     There are no material, pending legal proceedings to which the Company or any of its subsidiaries is a party or of which any of their property is the subject.

Item 2. Changes in Securities and Use of Proceeds

     (a)    Not applicable.

     (b)    Not applicable.

     (c)    Not Applicable.

     (d)    On March 28, 2002, the Company’s Registration Statement on Form S-1, pursuant to which the Company registered 200,000 shares of its Common Stock for sale to the public, was declared effective by the Securities and Exchange Commission under Registration No. 333-84140. On April 10, 2002, the Company commenced the public offering of these 200,000 shares, at a purchase price of $24.00 per share, or an aggregate amount of $4,800,000. The offering was conducted through the Company’s officers and directors on a best-efforts basis without compensation. The entire 200,000 shares subject to the registration statement was sold, and the offering was terminated on April 23, 2002. As of September 30, 2002, gross proceeds received from the offering totaled $4,800,000. The Company received net proceeds from the offering of $4,765,654 after deducting offering expenses of $34,346. The proceeds were invested in a corporate bond with a book value of $646,586 as of June 30, 2002 and the remainder is invested in federal funds.

     The declaration of dividends is within the discretion of the Board of Directors and will depend, among other things, upon business conditions, earnings, the financial condition of the Bank and the Company, and regulatory requirements.

Item 3. Defaults Upon Senior Securities

     Not applicable.

Item 4. Submission of Matters to a Vote of Security Holders

     Not applicable.

Item 5. Other Information

     None.

Item 6. Exhibits and Reports on Form 8-K

(a)

The following exhibits are filed as part of this Report:

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SIGNATURES

     In accordance with the requirements of the Securities Exchange Act of 1934, the Company has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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CERTIFICATIONS
PURSUANT TO 17 CFR 240.13a-14
PROMULGATED UNDER
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, L. Leighton Alston, Chief Executive Officer of WGNB Corp., certify that:

1.		I have reviewed this quarterly report on Form 10-Q of WGNB Corp.;
2.		Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;
3.		Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;
4.		The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

	(a)		designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;
	(b)		evaluated the effectiveness of the registrant’s disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the “Evaluation Date”); and
	(c)		presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5.

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent function):

	(a)		all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weaknesses in internal controls; and
	(b)		any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls; and

6.

The registrant’s other certifying officer and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

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I, Steven J. Haack, Principal Financial Officer of WGNB Corp., certify that:

1.		I have reviewed this quarterly report on Form 10-Q of WGNB Corp.;
2.		Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;
3.		Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;
4.		The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

	(a)		designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;
	(b)		evaluated the effectiveness of the registrant’s disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the “Evaluation Date”); and
	(c)		presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5.

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent function):

	(a)		all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weaknesses in internal controls; and
	(b)		any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls; and

6.

The registrant’s other certifying officer and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

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