Quarterly Data

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Data

18. QUARTERLY DATA

SOUTHWEST GEORGIA FINANCIAL CORPORATION

QUARTERLY DATA

(UNAUDITED)

(Dollars in thousands)

	For the Year 2018
	Fourth		Third		Second		First
Interest and dividend income	$	5,900	$	5,640	$	5,292	$	5,062
Interest expense		1,116		867		725		614
Net interest income		4,784		4,773		4,567		4,448
Provision for loan losses		226		249		140		215
Net interest income after provision for loan losses		4,558		4,524		4,427		4,233
Noninterest income		1,175		978		1,060		994
Noninterest expenses		4,357		4,149		4,132		3,996
Income before income taxes		1,376		1,353		1,355		1,231
Provision for income taxes		253		209		207		(1	)
Net income	$	1,123	$	1,144	$	1,148	$	1,232
Earnings per share of common stock:
Basic	$	.44	$	.45	$	.45	$	.48
Diluted	$	.44	$	.45	$	.45	$	.48

	For the Year 2017
	Fourth		Third		Second		First
Interest and dividend income	$	5,018	$	4,859	$	4,767	$	4,502
Interest expense		559		472		435		436
Net interest income		4,459		4,387		4,332		4,066
Provision for loan losses		75		75		75		75
Net interest income after provision for loan losses		4,384		4,312		4,257		3,991
Noninterest income		960		969		1,100		1,283
Noninterest expenses		3,892		4,068		3,968		3,901
Income before income taxes		1,452		1,213		1,389		1,373
Provision for income taxes		735		261		316		308
Net income	$	717	$	952	$	1,073	$	1,065
Earnings per share of common stock:
Basic	$	.28	$	.37	$	.42	$	.42
Diluted	$	.28	$	.37	$	.42	$	.42