COLONY BANKCORP INC

Listed Company

CBANCIK 0000711669NYSEAcceleratedState Commercial BanksGeorgiaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$28.25M

Total Assets

$3.74B

Equity

$375.92M

Shares Out

21.17M

Op. Cash Flow

$-5.54M

Business

COLONY BANKCORP INC is a financial services company and registered bank holding company that conducts its operations primarily through its wholly-owned bank subsidiary, Colony Bank, providing banking services to retail and commercial customers. It offers lending solutions including small and medium business loans, commercial and residential construction and real estate financing, agri-business and production loans, residential mortgages, home equity and consumer loans, as well as deposit products, treasury, merchant and electronic banking services. Key business functions include centralized financial, operational and administrative support as the parent company and the Bank's operating divisions such as Small Business Specialty Lending, treasury/merchant services, and digital banking. The Company operates branch offices across multiple regions of Georgia and maintains offices in Birmingham, Alabama, Tallahassee and the Florida Panhandle, distributing services via branches, correspondent banks, online channels and an ATM network.

Summary from filing dated 2025-03-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans, including fees	124	112	99	71	60
Investment securities	19	21	23	20	10
Deposits with other banks and short term investments	6	5	2	886,000	214,000
Total interest income	150	137	125	92	71
Deposits	47	50	35	6	3
Federal Home Loan Bank advances	8	7	7	3	691,000
Other borrowings	4	4	4	2	1
Total interest expense	58	61	47	—	—
Net Interest Income	92	76	78	81	66
Provision for credit losses	5	3	4	3	700,000
Net interest income after provision for credit losses	87	73	75	77	65
Gain on sales of SBA loans	5	9	5	6	8
Loss on sales of securities	−1	−2	0	−82,000	−87,000
BOLI income	2	2	1	1	1
Insurance commissions	3	2	2	2	—
Other	6	5	4	995,000	1
Total noninterest income	40	39	36	35	36
Salaries and employee benefits	52	50	49	53	46
Occupancy and equipment	7	6	6	7	6
Acquisition related expenses	2	0	—	142,000	5
Information technology expense	11	9	9	10	8
Professional fees	4	3	3	3	3
Advertising and public relations	4	4	3	4	3
Communications	805,000	865,000	947,000	2	1
Other	12	10	11	11	8
Total noninterest expense	93	83	83	89	79
Income before income taxes	35	30	27	23	23
Income taxes	7	6	5	3	4
Net income	28	24	22	20	19
Basic (in dollars per share)	1.59	1.36	1.24	1.14	1.66
Diluted (in dollars per share)	1.59	1.36	1.24	1.14	1.66
Cash dividends declared per share of common stock (in dollars per share)	0.46	0.45	0.44	0.43	0.41
Weighted average shares outstanding, basic (in shares)	18	18	18	17	11
Weighted average shares outstanding, diluted (in shares)	18	18	18	17	11

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	27	26	25	21	19
Interest-bearing deposits in banks and federal funds sold	230	205	58	60	—
Cash and cash equivalents	258	231	83	81	197
Investment securities available-for-sale, at fair value (amortized cost $412,395 and $409,380, respectively)	384	366	407	433	938
Investment securities held-to-maturity, at amortized cost (fair value $354,290 and $383,020, respectively)	387	430	449	466	—
Other investments	19	18	17	14	14
Loans held for sale	79	40	28	18	38
Loans	2,381	1,843	1,883	1,737	1,338
Allowance for credit losses	−23	−19	−18	−16	−13
Loans, net	2,358	1,824	1,865	1,721	1,325
Premises and equipment	37	38	40	42	43
Other real estate owned	1	202,000	448,000	651,000	281,000
Goodwill	64	49	49	49	53
Other intangible assets	8	3	4	6	7
Bank-owned life insurance	68	58	57	56	55
Deferred income taxes, net	20	22	25	28	4
Other assets	53	31	28	24	17
Total assets	3,735	3,110	3,053	2,937	2,692
Noninterest-bearing	527	462	499	569	553
Interest-bearing	2,541	2,106	2,046	1,922	1,822
Total deposits	3,068	2,568	2,545	2,491	2,375
Federal Home Loan Bank advances	195	185	175	125	52
Other borrowed money	63	63	63	78	37
Other liabilities	34	15	15	12	11
Total liabilities	3,359	2,831	2,798	2,706	2,474
Commitments and Contingencies (Note 15)	—	—	—	—	—
Preferred stock, no par value; 10,000,000 shares authorized, none issued or outstanding as of December 31, 2025 and 2024, respectively	0	0	0	0	—
Common stock, par value $1.00 per share; 50,000,000 shares authorized, 21,251,695 and 17,519,884 shares issued and outstanding as of December 31, 2025 and 2024, respectively	21	18	18	18	—
Paid-in capital	229	168	169	168	111
Retained earnings	161	140	124	112	99
Accumulated other comprehensive loss, net of tax	−34	−48	−56	−66	−6
Total stockholders equity	376	279	255	230	218
Total liabilities and stockholders equity	3,735	3,110	3,053	2,937	2,692

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion	8	8	9	12	—
Stock-based compensation expense	785,000	1	2	2	599,000
Net change in servicing asset	−192,000	−1	−416,000	−554,000	—
Loss (gain) on sales of other real estate owned and repossessions	134,000	−169,000	70,000	0	48,000
Loss on sales of premises & equipment	0	5,000	−93,000	−62,000	49,000
Writedown of bank building	0	197,000	0	—	—
Change in bank owned life insurance	−2	−2	−1	−1	−1
Equity method investment loss	−299,000	−270,000	−169,000	364,000	44,000
Deferred tax expense	2	755,000	−485,000	1	−3
Originations of loans held for sale	−353	−302	−258	−318	−439
Proceeds from sales of loans held for sale	319	299	253	345	461
Change in other assets	−9	−2	−3	−8	2
Change in other liabilities	443,000	2	1	1	−4
Net cash provided by (used in) operating activities	−6	23	21	50	36
Purchases of investment securities, available-for-sale	−23	−57	−4	−174	−461
Proceeds from maturities, calls, and paydowns of investment securities, available-for-sale	55	69	37	55	103
Proceeds from sales of investment securities, available-for-sale	56	30	0	61	97
Proceeds from maturities, calls, and paydowns of investment securities, held-to-maturity	27	17	20	12	0
Proceeds from sales of investment securities, held-to-maturity	18	4	0	—	—
Net change in loans	−132	37	−149	−400	28
Purchase of premises and equipment	−1	−1	−4	−3	−6
Proceeds from sales of other real estate owned and repossessions	610,000	1	412,000	0	1
Proceeds from settlement of bank owned life insurance policies	4	681,000	0	—	—
Purchase of Federal Home Loan Bank stock	−39,000	−556,000	−4	−3	2
Proceeds from sales of premises and equipment	0	77,000	433,000	519,000	17,000
Proceeds from insurance related to fire at bank branch	875,000	0	0	1	752,000
Net cash and cash equivalents received from bank acquisition	916,000	0	—	0	38
Net cash and cash equivalents received from bank acquisition	−4	0	—	0	−4
Net cash provided by investing activities	3	101	−99	−448	−208
Change in noninterest-bearing customer deposits	8	−37	−70	17	86
Change in interest-bearing customer deposits	31	60	124	100	212
Dividends paid on common stock	−8	−8	−8	−7	−4
Proceeds from Federal Home Loan Bank advances	200	270	785	430	0
Repayments of Federal Home Loan Bank advances	−200	−260	−735	−358	0
Proceeds from other borrowings	75	20	450	162	−1
Repayments on other borrowings	−75	−20	−465	−160	−1
Redemption of subordinated debt	0	−500,000	0	—	—
Repurchase and retirement of shares	−2	−1	−406,000	−540,000	0
Cash paid for tax withholding related to vesting of restricted stock	−311,000	−296,000	−252,000	−231,000	0
Net cash provided by financing activities	29	23	80	282	186
Net increase in cash and cash equivalents	27	148	3	−117	14
Cash paid during the period for interest	57	62	45	10	4
Cash paid during the period for income taxes	4	5	5	4	4
Transfers to other real estate	1	854,000	3	—	—

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