Quarterly Data

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Data

18. QUARTERLY DATA

SOUTHWEST GEORGIA FINANCIAL CORPORATION
QUARTERLY DATA
(UNAUDITED)
(Dollars in thousands)
	For the Year 2019
	Fourth		Third		Second		First
Interest and dividend income	$	6,572	$	6,355	$	6,147	$	5,962
Interest expense		1,013		1,150		1,095		1,196
Net interest income		5,559		5,205		5,052		4,766
Provision for loan losses		112		379		250		116
Net interest income after provision for loan losses		5,447		4,826		4,802		4,650
Noninterest income		1,081		1,192		1,307		1,237
Noninterest expenses		4,918		4,221		4,550		4,416
Income before income taxes		1,610		1,797		1,559		1,471
Provision for income taxes		278		365		261		243
Net income	$	1,332	$	1,432	$	1,298	$	1,228
Earnings per share of common stock:
Basic	$	.53	$	.56	$	.51	$	.48
Diluted	$	.53	$	.56	$	.51	$	.48

	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