Southwest Georgia Financial Corporation Reports Results for Second Quarter
Press release from the issuing company
Thursday, July 21st, 2011
Southwest Georgia Financial Corporation, a full-service community bank holding company, today reported net income of $591 thousand, or $0.23 per diluted share, for the second quarter of 2011, down $315 thousand from net income of $906 thousand, or $0.36 per diluted share, for the second quarter of 2010. The decrease in net income reflects substantially lower gains on the sale of securities and increased salary and employee benefit expenses related to staffing the full-service banking center and mortgage origination office in Valdosta, Georgia.
