Originally created 04/21/01

Business briefs



Net income rises for bank company

Georgia Bank Financial Corp., the holding company for Georgia Bank & Trust Co. of Augusta, reported Friday a quarterly earnings increase of 8.3 percent over the first quarter of 2000.

Net income for the first quarter 2001 was $985,000, up from $910,000 for the same period in 2000.

Georgia Bank Financial Corp. had total assets of $432.8 million and total deposits of $343.7 million as of March 31, an increase of 6.7 percent in assets and 10.5 percent in deposits during the first quarter 2001.

Total assets and deposits were $405.8 million and $310.9 million, respectively, December 31, 2000.

Georgia Bank & Trust Co. operates six offices in the metro Augusta area and is scheduled to open its seventh full-service office in June.

"The company's increase in total assets and deposits continues to reflect our growth in the market," said Ronald Thigpen, executive vice president. "Increases in net interest income and non-interest income driven by significant growth in mortgage-related activities contributed to the company's performance."

Service offers per-copy print option

Publications such as catalogs and books that once required a significant initial financial investment now can be produced on a per-copy basis.

Tidwell Communication Group of Augusta has established an electronic publishing service bureau that will allow customers to control the number of copies of publications they produce.

The service allows more efficient updating of materials and reduces the need for warehousing copies. A single copy of a publication can be produced for only dollars more than a standard 5,000 to 10,000 bulk printing.

Tidwell Communication Group is a division of Tidwell Printing and Design Co., established in Augusta in 1913.