Southwest Georgia Financial Corporation Announces Fourth Quarter and Year End 2007 Results

Business Wire, Jan 30, 2008

Dividends and Share Repurchases

During 2007, the Company repurchased on the open market 95,286 shares at an average price of $19.16 per share. Since its stock repurchase program began in January 2000, the Company has repurchased a total of 1,282,381 shares of its common stock at an average price of $18.84 per share.

In December of 2007, the Board of Directors declared a $0.14 per share quarterly cash dividend. The dividend currently has a yield of approximately 3.21% at an annual dividend rate of $0.56 per share.

Summary

Mr. Drew concluded, "The recent move by the Federal Reserve to reduce interest rates may hinder our bank's earnings power and is not likely to have much impact to the economy in our area. Over the last few years, we have looked to expand outside of our footprint through acquisitions, but have not been successful in finding the right acquisition at the right price. We will persist in our search in 2008 and will move forward with a de novo branching strategy. We fully recognize that we cannot achieve meaningful levels of growth within our local market area."

About Southwest Georgia Financial Corporation

Southwest Georgia Financial Corporation is a state-chartered bank holding company with approximately $273 million in assets headquartered in Moultrie, Georgia. Its primary subsidiary, Southwest Georgia Bank, offers comprehensive financial services to consumer, business, and governmental customers. The current banking facilities include the main office located in Colquitt County, and branch offices located in Baker County, Thomas County, and Worth County. In addition to conventional banking services, the bank provides investment planning and management, trust management, mortgage banking, and commercial and individual insurance products. Insurance products and advice are provided by Southwest Georgia Insurance Services which is located in Colquitt County. Mortgage banking for primarily commercial properties is provided by Empire Financial Services, Inc., a mortgage banking services firm.

More information on Southwest Georgia Financial Corp. and Southwest Georgia Bank can be found at its website: www.sgfc.com.

SAFE HARBOR STATEMENT

This news release contains certain brief forward-looking statements concerning the Company's outlook. The Company cautions that any forward-looking statements are summary in nature involve risks and uncertainties and are subject to change based on various important factors, many of which may be beyond the Company's control. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. The following factors, among others, could affect the Company's actual results and could cause actual results in the future to differ materially from those expressed or implied in any forward-looking statements included in this release: the ability of the bank to manage the interest rate environment, the success of reducing operating costs, overall economic conditions, customer preferences, the impact of competition, the ability to execute its strategy for growth. Additional information regarding these risks and other factors that could cause the Company's actual results to differ materially from our expectations is contained in the Company's filings with the Securities and Exchange Commission. Except as otherwise required by federal securities laws, Southwest Georgia Financial undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.