DAHLONEGA, Ga. - Century South Banks Inc., which owns six banks in Tennessee and Georgia, earned $4.9 million last year, a 22% increase from the previous year. Fourth-quarter earnings also increased, from $1.16 million to $1.34 million.

Loan loss provisions declined in the fourth quarter to $84,000, compared with $374,000 in the same quarter in 1993. For the year, loan loss provisions were more than halved.

Total assets grew by 18% to $513 million, in part through the acquisition of two NationsBank centers in Blue Ridge last spring.

Nonperforming assets as a percentage of total assets were 0.92%, down slightly from last year.

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