| Business Summary | | Southwest
Georgia
Financial
Corporation
is
a
bank
holding
company
that
owns
Southwest
Georgia
Bank
(the
Bank),
its
only
subsidiary.
The
Company's
primary
business
is
providing
banking
services
to
individuals
and
businesses,
principally
in
Colquitt
County,
Baker
County,
Thomas
County
and
surrounding
counties
of
southwest
Georgia,
through
the
Bank.
The
Bank
offers
such
customary
banking
services
as
consumer
and
commercial
checking
accounts,
NOW
accounts,
savings
accounts,
certificates
of
deposit,
lines
of
credit,
Mastercard
and
VISA
accounts
and
money
transfers.
The
Bank
finances
commercial
and
consumer
transactions,
makes
secured
and
unsecured
loans
and
provides
a
variety
of
other
banking
services.
The
Bank
has
a
trust
department
that
performs
corporate,
pension
and
personal
trust
services,
and
acts
as
trustee,
executor
and
administrator
for
estates
and
as
administrator
or
trustee
of
various
types
of
employee
benefit
plans
for
corporations
and
other
organizations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Southwest
Georgia
Fincl
Corp.
is
a
holding
company
for
Southwest
Georgia
Bank,
a
state-chartered
commercial
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
5%
to
$9.4
million.
Net
interest
income
after
loan
loss
prov.
fell
8%
to
$4.8
million.
Net
income
fell
11%
to
$1.6
million.
Results
reflect
increased
average
loan
balances,
offset
by
higher
interest
paid
on
deposits.
Earnings
reflect
lower
service
charges
and
insurance
services
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Clark, 63 Chairman,
CEO of the Registrant and Bank | $239K | Violet Weaver, 65 Pres | -- | G. DeWitt Drew, 44 Exec.
VP of the Registrant and Bank | 103K | George Kirkland, 50 Sr.
VP and Treasurer | -- | John Cole, Jr., 50 Sr.
VP of the Registrant and Bank | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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