Southwest georgia financial corp (SGB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Interest and fees on loans

21,835

18,762

16,299

14,796

12,695

12,135

12,219

11,455

10,408

9,943

9,523

Interest on debt securities: Taxable

1,684

1,363

1,286

1,170

1,345

1,366

998

1,151

1,922

2,412

3,299

Interest on debt securities: Tax-exempt

843

1,090

1,228

1,253

1,240

1,055

1,110

1,015

721

597

735

Dividends

105

144

102

89

72

69

38

32

14

5

4

Interest on deposits in other banks

496

484

195

103

62

51

65

60

35

57

32

Interest on certificates of deposit in other banks

71

47

34

0

11

33

42

19

1

0

0

Interest on other short-term investments

-

-

-

-

-

-

-

-

-

-

0

Total interest income

25,036

21,894

19,146

17,413

15,428

14,712

14,474

13,734

13,104

13,016

13,596

Interest expense:
Deposits

3,848

2,383

1,153

935

795

749

882

1,111

1,369

2,053

2,884

Federal funds purchased

0

1

1

0

0

0

0

0

1

0

0

Other short-term borrowings

123

395

224

103

67

169

295

53

41

111

169

Long-term debt

480

541

523

573

453

435

485

733

781

724

617

Total interest expense

4,453

3,322

1,902

1,612

1,316

1,355

1,662

1,898

2,194

2,889

3,672

Net interest income

20,582

18,571

17,244

15,801

14,111

13,356

12,811

11,835

10,909

10,127

9,924

Provision for loan losses

856

829

300

160

141

330

420

445

983

600

535

Net interest income after provision for loan losses

19,725

17,742

16,944

15,641

13,970

13,026

12,391

11,390

9,925

9,527

9,388

Noninterest income:
Service charges on deposit accounts

-

-

-

1,086

-

-

-

-

-

-

-

Income from trust services

-

-

-

209

-

-

-

-

-

-

-

Service charges on deposit accounts

928

1,015

1,005

-

-

-

-

-

-

-

-

Income from trust services

221

234

218

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

1,121

1,274

1,278

1,241

1,359

1,509

1,765

Income from trust services

-

-

-

-

245

241

227

205

214

241

212

Income from brokerage services

359

399

362

342

420

375

338

381

324

300

266

Income from insurance services

1,741

1,603

1,523

1,477

1,372

1,324

1,328

1,280

1,273

1,124

1,069

Income from mortgage banking services

0

2

155

354

317

645

939

1,675

1,477

1,350

1,327

Net gain (loss) on sale or disposition of assets

288

-79

-9

38

22

-

-

-

-

-

-

Net gain (loss) on sale of securities

174

-165

186

168

-

-

-

-

-

-

-

Net gain on extinguishment of debt

143

317

0

0

-

-

-

-

-

-

-

Provision for foreclosed asset losses

-

-

-

-

-

-

-

320

300

275

0

Net gain on sale or disposition of assets

-

-

-

-

-

88

-68

23

-160

30

-

Net gain on sale of securities

-

-

-

-

3

293

311

337

381

-

-

Net gain (loss) on sale or disposition of assets

-

-

-

-

-

-

-

-

-

-

0

Net gain on sale of securities

-

-

-

-

-

-

-

-

-

534

255

Net loss on the impairment of equity securities

-

-

-

-

-

-

-

-

12

0

0

Other income

960

878

870

781

756

743

734

697

601

569

467

Total noninterest income

4,816

4,206

4,312

4,459

4,260

4,986

5,091

5,524

5,158

5,386

5,363

Noninterest expense:
Salaries and employee benefits

10,247

9,724

9,250

8,765

7,914

8,359

8,455

8,717

7,716

6,970

6,359

Occupancy expense

1,259

1,194

1,124

1,140

1,120

1,060

1,025

1,006

952

891

846

Equipment expense

1,219

933

850

860

923

896

902

939

811

739

666

Data processing expense

1,648

1,445

1,513

1,367

1,224

1,129

1,096

1,081

1,039

989

925

Amortization of intangible assets

3

15

15

15

15

44

215

219

219

207

207

Other operating expenses

-

-

-

-

-

-2,878

-

-

-

-

-

Other operating expenses

3,726

3,319

3,074

2,763

2,831

-

2,650

2,630

2,596

2,676

3,425

Total noninterest expenses

18,105

16,633

15,829

14,913

14,029

14,369

14,346

14,595

13,336

12,474

12,431

Income before income taxes

6,436

5,315

5,427

5,186

4,200

3,643

3,137

2,319

1,748

-

-

Income before income taxes

-

-

-

-

-

-

-

-

-

2,439

2,320

Provision for income taxes

1,146

668

1,619

1,152

827

739

364

380

287

583

-

Provision for income taxes

-

-

-

-

-

-

-

-

-

-

508

Net income

5,290

4,647

3,807

4,033

3,373

2,903

2,772

1,939

1,461

1,856

1,812

Basic earnings per share:
Net income

2.08

1.83

1.49

1.58

1.32

1.14

1.09

0.76

0.57

0.73

0.71

Weighted average shares outstanding

2,545

2,545

2,547

2,547

2,547

2,547

2,547

2,547

2,547

2,547

2,547

Diluted earnings per share:
Net income

2.08

1.83

1.49

1.58

1.32

1.14

1.09

0.76

0.57

0.73

0.71

Weighted average shares outstanding

2,545

2,545

2,547

2,547

2,547

2,547

2,547

2,547

2,547

2,547

2,547