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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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