Southwest Georgia Financial Corporation (SGB) financial statements (2022 and earlier)

Company profile

Business Address 201 FIRST ST SE
MOULTRIE, GA 31768
State of Incorp. GA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,63135,49934,13826,52031,08012,55935,370
Cash and cash equivalents37,63135,49934,13826,52031,08012,55935,370
Total current assets:37,63135,49934,13826,52031,08012,55935,370
Noncurrent Assets
Property, plant and equipment13,84714,57412,25011,20911,15711,75610,336
Long-term investments and receivables      1,721
Long-term investments      1,721
Intangible assets, net (including goodwill) 420355166111
Intangible assets, net (excluding goodwill) 420355166111
Total noncurrent assets:13,84714,57812,26911,24411,20811,82312,168
Other undisclosed assets503,658484,756442,665410,737372,567349,899326,357
TOTAL ASSETS:555,136534,833489,072448,501414,855374,280373,895
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt8,02814,91425,9718,4487,5905,133 
Due to related parties3468112,3452,3111,9521,7561,664
Total current liabilities:8,37415,72528,31610,7599,5426,8891,664
Noncurrent Liabilities
Other undisclosed liabilities496,271475,489419,613399,320369,215333,055340,811
Total liabilities:504,645491,214447,929410,079378,758339,945342,475
Stockholders' equity
Stockholders' equity attributable to parent, including:50,49143,61941,14338,42236,09834,33531,420
Common stock2,5492,5464,2944,2944,2944,2944,294
Treasury stock, value  (26,243)(26,120)(26,114)(26,114)(26,114)
Additional paid in capital      31,702
Accumulated other comprehensive income (loss)553(2,187)(1,630)(1,786)(1,153)(561)(1,388)
Retained earnings28,91024,84233,02030,33327,36925,01522,926
Other undisclosed stockholders' equity attributable to parent18,47918,41931,70231,70231,70231,702 
Total stockholders' equity:50,49143,61941,14338,42236,09834,33531,420
TOTAL LIABILITIES AND EQUITY:555,136534,833489,072448,501414,855374,280373,895

Income statement (P&L) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues26,28123,01321,88520,25218,10985,794 
Net investment income24,54021,40918,95117,31015,36614,660 
Financial services revenue2,9342,9432,74371,134 
Cost of revenue(857)(830)(300)(160)(141)(330)(420)
Provision for loan, lease, and other losses(857)(830)
Financial services costs(300)(160)(141)(330)(420)
Gross profit:25,42422,18421,58520,09217,96885,464(420)
Operating expenses(3,372)(3,296)(12,438)(11,016)(10,420)(10,965)(8,945)
Other operating income (expense), net961878870(2,763)756743735
Noninterest income, other operating income961878870782756743735
Other undisclosed operating loss     (71,599) 
Operating income (loss):23,01219,76610,0186,3148,3043,643(8,630)
Nonoperating income   3822212108
Gains (losses) on sales of other real estate   382289(68)
Bank owned life insurance income     124176
Interest and debt expense(4,454)(3,322)(1,902)(1,612)(1,317)(1,355)(1,663)
Income (loss) from continuing operations before equity method investments, income taxes:18,55916,4448,1154,7407,0092,500(10,185)
Other undisclosed income (loss) from continuing operations before income taxes(12,122)(11,128)(2,688)447(2,808)1,14313,322
Income from continuing operations before income taxes:6,4375,3165,4275,1864,2013,6433,137
Income tax expense(1,147)(668)(1,620)(1,152)(827)(740)(365)
Net income available to common stockholders, basic:5,2904,6473,8074,0343,3742,9042,772
Dilutive securities, effect on basic earnings per share  0    
Net income available to common stockholders, diluted:5,2904,6473,8074,0343,3742,9042,772

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:5,2904,6473,8074,0343,3742,9042,772
Other comprehensive income (loss)2,741(558)156(633)(592)827(718)
Comprehensive income, net of tax, attributable to parent:8,0314,0893,9643,4012,7813,7312,055

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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