Southwest Georgia Financial Corporation, a full-service community bank holding company, today reported its results of operations for the fourth quarter and year ended December 31, 2015.

Income Highlights

-Full year 2015 net income was $3.4 million, or $1.32 per diluted share, a 16.2% increase from $2.9 million, or $1.14 per diluted share, for the 2014 period.Loan growth funded by low cost core deposits resulted in record earnings per share in 2015.

-Annual net interest income was $14.1 million for 2015, up $754 thousand over the prior-year period.Noninterest income was down $726 thousand year-over-year due to lower mortgage banking services income and gains on the sale of securities from the prior year.Offsetting some of this decline was prudent cost control which resulted in a $341 thousand decrease in noninterest expense in 2015.

-Net income was $843 thousand in the 2015 fourth quarter, or $0.33 per diluted share, compared with $662 thousand, or $0.26 per diluted share, in the fourth quarter of 2014.Net interest income increased $197 thousand mostly due to increased interest and fees on loans in the fourth quarter of 2015.