Thomasville Bancshares, Inc., the holding company for Thomasville National Bank today announced unaudited financial results for the quarter ended June 30, 2021. The Bank reported net income of $11,284,560 an 18% increase over the same period last year, and a 22.01% return on average shareholders’ equity. Total assets at quarter end were $1.370 billion, an increase of $243 million over the prior year. The Bank has also experienced strong loan growth. Total loans at quarter end were $1.082 billion, an increase of $134 million over the prior year. Charles H. Hodges, III, President, commented on this growth “Our ability to quickly respond to our customers’ loan needs with a common sense approach continues to separate us from the trends of the banking industry and is enabling us to achieve solid loan growth and maintain excellent credit quality.”
The Bank’s total regulatory capital as of June 30, 2021 was $110 million and total risk-based capital ratio was 12.24%. “Our capital continues to increase through strong earnings which appropriately supports our significant growth in assets.” stated Stephen H. Cheney, Chairman/CEO.
The Company paid a cash dividend to shareholders of $.80 per share on July 2, 2021. Cheney commented on the dividend, “Over the last 26 years the support of this community, our shareholders and customers have made our Bank extremely successful. We are very pleased to share the earnings of the Company with the people that made it a reality. One of the most important benefits of a locally owned bank is that the earnings remain in the community.” Over the past twenty-two years, TNB has paid over $71 million in dividends to local shareholders.
Thomasville Bancshares, Inc. (OTC Pink: THVB), headquartered in Thomasville, Georgia, was founded in 1995 and has over 800 local shareholders. Thomasville Bancshares is the holding company for Thomasville National Bank. The Bank operates two full-service banking offices in Thomasville, Georgia, and two banking divisions; St. Simons Bank & Trust in St. Simons Island, GA, and Tallahassee National Bank in Tallahassee, Florida. TNB was named one of Georgia’s Top Ranked Banks in each of the last three years in the Georgia Bank Performance Report and was recently recognized by American Banker magazine as one of the Top 200 Community Banks in the country, ranked 4th in the nation based upon three years average return on shareholders’ equity. The Bank’s investment division, TNB Financial Services, now has client assets over $3.6 billion under advisement and provides financial planning, investments, trust, brokerage and other related financial services. They now have offices located in Georgia, Florida, South Carolina, Texas and Illinois.