Company profile

Ticker
SGB
Exchange
Website
CEO
George DeWitt Drew
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
581392259

SGB stock data

(
)

Calendar

30 Mar 20
15 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Net income 1.33M 1.43M 1.3M 1.23M
Diluted EPS 0.53 0.56 0.51 0.48
Net change in cash 13.79M -6.78M -18.39M 13.52M
Cash on hand 37.63M 23.84M 30.62M 49.02M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Net income 5.29M 4.65M 3.81M 4.03M
Diluted EPS 2.08 1.83 1.49 1.58
Operating income 6.44K 5.32M 5.43M 5.19M
Net change in cash 2.13M 1.36M 7.62M -4.56M
Cash on hand 37.63M 35.5M 34.14M 26.52M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
3 Apr 20 Barber Cecil H Southwest Georgia Financial Corp Sale back to company Dispose D No 0 39,422 0 39,422
3 Apr 20 Moss Richard L Southwest Georgia Financial Corp Sale back to company Dispose D No 0 37,491 0 37,491
3 Apr 20 Wells Marcus R Southwest Georgia Financial Corp Sale back to company Dispose D No 0 16,818 0 16,818
3 Apr 20 Wear M Lane Southwest Georgia Financial Corp Sale back to company Dispose D No 0 13,270 0 13,270
3 Apr 20 Slocumb Johnny R Southwest Georgia Financial Corp Sale back to company Dispose D No 0 63,803 0 63,803

Financial report summary

?
Competition
WorthBaker
Management Discussion
  • For the year ended December 31, 2019, net income was $5.29 million, up $640 thousand from net income of $4.65 million for 2018. The increase in net income is primarily due to an increase in net interest income and noninterest income. Net interest income for 2019 increased $2.0 million to $20.58 million due primarily to a $3.08 million increase in interest income and fees on loans offset by a $1.13 million increase in interest expense compared with last year. Noninterest income for 2019 increased $610 thousand mainly due higher income from insurance services, net gains on the sale of fixed assets, and net gains on the sale of securities. These gains were partially offset by a $1.47 million increase in noninterest expense due mostly to higher employee, equipment, data processing, professional fees, and postemployment benefits. Provision for income taxes increased $478 thousand compared with last year, primarily due to a $1.92 million reversal of deductible timing differences in tax basis depreciation expense. Net income was $2.08 per diluted share for 2019 compared with a net income of $1.83 per diluted share for 2018.
Content analysis ?
Positive
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Legalese
Litigous
Readability
H.S. freshman Bad
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