Southwest Georgia Financial Corporation Reports 21% Earnings Growth for Third Quarter 2018
Wednesday, October 31st, 2018
Southwest Georgia Financial Corporation, a full-service community bank holding company, reported results of operations for the third quarter and nine months ended September 30, 2018. Comparisons are to prior-year period unless otherwise noted.
“We continue to experience solid results. Loan growth exceeded 11%, or nearly $37 million, and deposits were also up 11% year-over-year,” commented DeWitt Drew, President and CEO. “In mid-October, Hurricane Michael impacted a portion of our operating area and, as a result of both continued loan growth and weather events, we anticipate higher provisions for loan losses for the remainder of the year.”