partlycloudy
Friday May 27th, 2016 4:10PM

NBG Bancorp, announces record earnings, declares first dividend

By Staff
ATHENS - NBG Bancorp, recently reported the results of operations for the quarter and year ending December 31.

Earnings of $3.0 million, or $2.18 per share, are the highest in the history of the company and exceed 2012 net earnings of $2.3 million by 32 percent.

In recognition of the record earnings, The Board of Directors declared a dividend of $0.10 per share to stockholders of record as of December 31. The dividend will be paid at the end of January.

Total assets of $328.9 million on December 31, 2013 represent a 4.2 percent increase from total assets of $315.8 million on December 31, 2012. Gross loans were $284.8 at December 31, 2013, up 15.1 percent from December 31, 2012.

President and CEO Bill Hopper III said, "2013 was an exceptional year for The National Bank of Georgia. We achieved the highest earnings in the history of the bank and pleased to pay the first dividend to our loyal shareholders. We have several new products and services that will be available to customers in 2014. We will launch a loyalty rewards deposit product and overdraft privilege program in the first quarter. A new ATM in Gainesville will be installed and we will offer a mobile banking solution later in the year.

NBG Bancorp is a bank holding company which operates banking offices in Athens and Gainesville.
© Copyright 2016 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
US stocks post sixth straight year of gains
U.S. stocks ended a strong 2014 with moderate declines Wednesday.
4:43PM ( 1 year ago )
Palestinians push ahead in pursuit of war crimes charges against Israel
Stung by a resounding defeat in the U.N. Security Council, the Palestinians announced Wednesday that they joined the International Criminal Court to pursue war crimes charges against Israel.
1:57PM ( 1 year ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 1 year ago )
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 1 year ago )
Sheriff: Man shot 2 on I-85 because he wanted car
A 22-year-old man shot two people who stopped to give him a ride on Interstate 85 in South Carolina on Christmas Eve because he wanted their car to drive to Georgia, a sheriff said Wednesday.
5:21PM ( 1 year ago )
Local/State News
Unicoi offering aerial adventure park beginning Thursday
Just in time for summer, Unicoi State Park and Lodge has rolled out its new aerial adventure park.
3:03PM ( 3 days ago )
Businesses network with customers, each other during White County expo
About three dozen businesses from White County and the surrounding area showcased their services and the products they provide during the 2016 White County Chamber of Commerce Business Expo held Thursday.
9:30PM ( 4 days ago )
Flowery Branch gives first reading okay to rezoning for senior housing complex, approves city hall financing plan
The Flowery Branch City Council gave first reading approval to a rezoning request for a 7.1-acre tract on East Main Street that could lead to the construction of a 60-unit multi-family senior housing affordable-living complex.
11:41PM ( 1 week ago )
Greater Hall Chamber hosts ribbon-cutting for Discover-E Strategies, LLC
The Greater Hall County Chamber Commerce hosted a ribbon cutting Wednesday for a new company in Hall County called Discover-E.
By AccessWDUN Staff
7:52PM ( 1 week ago )
Lula officials say they're on track for alcohol votes in November
The Lula City Council is looking to put several alcohol issues before the public for a vote in November.
3:02PM ( 1 week ago )