SEGMENT INFORMATION

ASC Topic 280 - Segment Reporting identifies operating segments as components of an enterprise which are evaluated regularly by the Company's Chief Operating Decision Maker, our Chief Executive Officer, in deciding how to allocate resources and assess performance. The Company has applied the aggregation criterion set forth in this codification to the results of its operations. The Company’s operating segments include banking, mortgage banking and small business specialty lending division. The reportable segments are determined by the products and services offered, and internal reporting. The Bank segment derives its revenues from the delivery of full-service financial services, including retail and commercial banking services and deposit accounts. The Mortgage Banking segment derives its revenues from the origination and sales of residential mortgage loans held for sale. The Small Business Specialty Lending Division segment derives its revenue from the origination, sales and servicing of Small Business Administration loans and other government guaranteed loans. Segment performance is evaluated using net interest income and noninterest income. Income taxes are allocated based on income before income taxes, and indirect expenses (includes management fees) are allocated based on various internal factors for each segment. Transactions among segments are made at fair value. The following tables present information reported internally for performance assessment as of December 31, 2025 and 2024:


	December 31, 2025
(dollars in thousands)	Bank			Mortgage		Small Business Specialty Lending Division			Totals

Net Interest Income	$	87,718		$	224	$	3,959		$	91,901
Provision for Credit Losses	1,296			—		3,204			4,500
Net Interest Income after Provision for Credit Losses	86,422			224		755			87,401
Mortgage Fee Income	109			7,426		—			7,535
Gain on Sale of SBA Loans	—			—		5,372			5,372
Other	24,774		(1)	—		2,599		(2)	27,373
Total Noninterest Income	24,883			7,426		7,971			40,280
Salaries and Employee Benefits	39,967			6,768		5,682			52,417
Other (3)	38,669			304		1,156			40,129
Total Noninterest Expense	78,636			7,072		6,838			92,546
Income Taxes	6,365			133		384			6,882
Net income	$	26,304		$	445	$	1,504		$	28,253

Total assets	$	3,625,785		$	13,648	$	95,968		$	3,735,401

Full Time Employees	447			48		31			526

(1) includes service charges on deposits, loss on sales of securities, interchange fees, BOLI income, insurance commissions and other noninterest income

(2) represents SBA loan related fee income

(3) includes occupancy and equipment, acquisition related expenses, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses


	December 31, 2024
(dollars in thousands)	Bank			Mortgage Banking		Small Business Specialty Lending Division			Totals

Net Interest Income	$	71,112		$	210	$	4,754		$	76,076
Provision for Credit Losses	1,558			—		1,492			3,050
Net Interest Income after Provision for Credit Losses	69,554			210		3,262			73,026
Mortgage Fee Income	70			5,978		—			6,048
Gain on Sale of SBA Loans	—			—		9,242			9,242
Other	21,642		(4)	—		2,443		(5)	24,085
Noninterest Income	21,712			5,978		11,685			39,375
Salaries and Employee Benefits	37,026			5,731		7,010			49,767
Other (6)	31,929			45		1,093			33,067
Noninterest Expenses	68,955			5,776		8,103			82,834
Income Taxes	4,170			102		1,427			5,699
Net income/(loss)	$	18,141		$	310	$	5,417		$	23,868

Total assets	$	2,985,856		$	17,970	$	105,956		$	3,109,782

Full Time Employees	376			45		34			455

(4) includes service charges on deposits, loss on sales of securities, interchange fees, BOLI income, insurance commissions and other noninterest income

(5) represents SBA loan related fee income

(6) includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses

Historical Timeline

Fiscal Year	Filed
2025	Mar 13, 2026	Showing above
2024	Mar 14, 2025

2023	Mar 14, 2024

2022	Mar 16, 2023

2021	Mar 18, 2022

2020	Mar 23, 2021

2019	Mar 30, 2020

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

COLONY BANKCORP INC Segments Disclosure

Historical Timeline

About Segments Disclosures

Other Available Disclosures