ADDED
common stock held by non-affiliates was $ 275.2 million based on the closing price of $16.47 per share on June 30, 2025.
common stock, par value $1.00 per share, as of March 11, 2026, was 21,166,315 shares.
financial system and those related to credit card interest rates; a deterioration of the credit rating for U.S.
We operate locations throughout Georgia as well as in Birmingham, Alabama, and Jacksonville, Santa Rosa Beach and Tallahassee, Florida.
At December 31, 2025, we had approximately $3.7 billion in total assets, $2.5 billion in total loans, $3.1 billion in total deposits and $375.9 million in stockholder s equity.
The Bank conducts its business through full-service banking centers and loan production offices located throughout Georgia, Alabama and Florida.
Georgia locations include the cities of Albany, Ashburn, Athens, Atlanta, Augusta, Broxton, Cedartown, Centerville, Chickamauga, Columbus, Cordele, Covington, Douglas, Eastman, Fayetteville, Fitzgerald, Greensboro, LaGrange, Leesburg, Macon, Manchester, Monroe, Moultrie, Quitman, Rochelle, Rockmart, Savannah, Statesboro, Sylvester, Thomaston, Thomasville, Tifton, Valdosta and Warner Robins.
The Bank also operates locations in Birmingham, Alabama, and Jacksonville, Santa Rosa Beach and Tallahassee, Florida.
Recent Developments Stock Buyback Program On October 20, 2022, the Company's Board of Directors authorized a stock buyback program, permitting the repurchase of up to $12 million of the Company's outstanding common stock.
Repurchases under this program may be conducted through open market purchases, privately negotiated transactions, or other methods compliant with applicable laws and regulations.
REMOVED
common stock held by non-affiliates was $ 206.6 million based on the closing price of $12.25 per share on June 30, 2024.
common stock, par value $1.00 per share, as of March 12, 2025, was 17,520,136 shares.
could default on its debt obligations, inflation or deflation, changes in the demand for loans, and fluctuations in consumer spending, borrowing and savings habits, which may have an adverse impact on our financial condition; uncertainties surrounding geopolitical events, trade policy, taxation policy, and monetary policy which continue to impact the outlook for future economic growth, including U.S.
We operate locations throughout Georgia as well as in Birmingham, Alabama; Tallahassee, Florida; and the Florida Panhandle.
At December 31, 2024, we had approximately $3.1 billion in total assets, $1.9 billion in total loans, $2.6 billion in total deposits and $278.7 million in stockholder s equity.
The Bank conducts its business through thirty-four offices located in north, central, south and coastal Georgia cities of Fitzgerald, Warner Robins, Centerville, Ashburn, Leesburg, Cordele, Albany, LaGrange, Columbus, Sylvester, Tifton, Moultrie, Douglas, Broxton, Savannah, Eastman, Fayetteville, Rochelle, Rockmart, Cedartown, Chickamauga, Atlanta, Athens, Augusta, Macon, Manchester, Quitman, Thomaston, Valdosta and Statesboro, Georgia along with a corporate banking office in Birmingham, Alabama and a loan production office in Tallahassee, Florida.
Recent Capital Developments Subordinated Notes On May 20, 2022, the Company completed a private placement of $39.5 million in fixed-to-floating rate subordinated notes due 2032 (the "Notes").
The Notes will bear a fixed rate of 5.25% for the first five years and will reset quarterly thereafter to then current three-month Secured Overnight Financing Rate, as published by the Federal Reserve Bank of New York, plus 265 basis 7 points for the five-year floating term.
The Company is entitled to redeem the Notes, in whole or in part, on any interest payment date on or after May 20, 2027, or at any time, in whole but not in part, upon certain other specified events.
At December 31, 2024, $38.8 million of the Notes were outstanding.