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Georgia Bank Financial Corp. Reports 37 Percent Increase in First Quarter.(Originated from The Augusta Chronicle, Ga.)
Apr. 20--Augusta banking company Georgia Bank Financial Corp. reported a 37-percent first-quarter increase in earnings Friday, linking it to the hometown philosophy its Georgia Bank & Trust Co. practices.
Net income for the quarter ended March 31 totaled $486,366, or 32 cents a share, up from $353,824, or 23 cents a share, for the same period in 1996.
"The company's performance during the quarter continues to reflect our significant growth in the market," said Ronald L. Thigpen, chief financial officer. "Loan growth of $7.8 million during the quarter and increases in noninterest income contributed to the earnings increase."
The closely …
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