Banks in south Georgia are feeling the effects of this winter's disastrous cotton harvest.

ABC Bancorp, a $700 million-asset holding company for eight Georgia banks and one in Alabama, announced last week that it would set aside up to $1.3 million against loan losses related to farm troubles. The company said the provision will cause its quarterly earnings to fall below market expectations.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.