First National Bank of Decatur County announces dividend
Published 4:13 pm Tuesday, February 5, 2019
First National Bank of Decatur County Board of Directors has announced a dividend of $.52 per share for its shareholders.
The Board’s decision was based on the ongoing strength of the Company’s earnings and capital position and an outlook for continued attractive growth. The dividend will be paid on February 28th 2019, to shareholders of record as of January 30th, 2019.
In announcing the dividend of $.52, the Company’s President and CEO Brad E. Barber stated, “We are very pleased that our Bank’s solid financial performance allows us to provide this dividend.” Barber also stated “With the tremendous support of our shareholders, directors, employees and customers the Bank has been 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.”
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Commenting on the announcement, Charles Whittaker, Chairman of the Board said, “We are excited to announce this dividend. This dividend is just the start and reflects a building momentum in our business as many of the initiatives and disciplines we have put in place recently are beginning to gain traction. This success, in turn, has allowed the Company to deliver its first cash dividend to shareholders in 2019.”
“Clearly, this past year has been eventful and exciting for all of us at First National Bank,” Barber continued. “Loan portfolio and deposit growth for the year along with higher net interest margins underscore our solid core fundamentals, while new opportunities like our expansion into the Destin, FL market create additional pathways for future expansion. We remain enthusiastic about our prospects for future growth and business enhancements as we move into 2019.”
First National Bank is a local, independent community bank headquartered in Bainbridge, Georgia serving Southwest Georgia, Southeast Alabama and Northwest Florida though 3 banking locations and full-service website at www.fnbdc.com.