Thomasville Times Enterprise

Local News

December 9, 2013

TNB officials announce dividends

THOMASVILLE — Staff report

Thomasville Bancshares Inc., the holding company of Thomasville National Bank and TNB Financial Services, has announced a dividend for its shareholders.

In announcing the dividend of $.45, which brings the total dividends paid for 2013 to $1.20, the company’s CEO, Stephen H. Cheney, stated that “We are very pleased that our bank’s solid financial performance allows us to pay a dividend.

Cheney also stated “Over the last 17 years the support of this community, our shareholders and customers have made our bank extremely 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.” 

The bank also reported results for the first nine months of 2013. For the period ending Sept.  30, 2013 net income was $5,691,683, a 25 percent increase over the same period last year. Total assets were $559,337,286, an increase of $52 million over  the same period last year.  The bank has also experienced strong loan growth. Total loans have increased over $20 million over the last twelve months. In commenting on this growth, the bank’s president, Charles H. Hodges, III stated that “Our ability to quickly respond to our customers’ loan needs with a common sense approach has enabled us to achieve solid loan growth and maintain good credit quality in this difficult economic environment.”

The bank’s total regulatory capital as of Sept. 30 was $46,321,000 or 8.64 percent of total assets, well above the five percent capital level considered to be well capitalized by the regulators.

“Our capital is strong and increasing” stated Cheney.  “A strong capital position is certainly important and is one of our bank’s strengths.”

Thomasville Bancshares Inc. was founded in 1995 as the holding company for Thomasville National Bank. The bank’s investment division, TNB Financial Services, provides financial planning, investments, trust, brokerage and other related financial services. The company is headquartered in Thomasville, and has more than  800 local shareholders.  

1
Text Only
Local News
Business Marquee
House Ads
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways
Twitter Updates
Follow us on twitter
Poll

Does it bother you that the Thomasville-Thomas County Central football game won't be played for at least the next two years?

Yes
No
     View Results
Video
Sports Pulse
Must Read
Must Read