Colony Bankcorp, Inc. Reports Second Quarter 2026 Results

Colony Bankcorp, Inc. (NYSE: CBAN) (“Colony” or the “Company”) today reported financial results for the second quarter of 2026. Financial highlights are shown below.

Financial Highlights:

• Net income increased to $10.9 million, or $0.51 per diluted share, for the second quarter of 2026, compared to $8.2 million, or $0.39 per diluted share, for the first quarter of 2026, and $8.0 million, or $0.46 per diluted share, for the second quarter of 2025.

• Operating net income was $11.0 million, or $0.52 of operating earnings per diluted share, for the second quarter of 2026, compared to $9.5 million, or $0.45 of operating earnings per diluted share, for the first quarter of 2026, and $8.0 million, or $0.46 of operating earnings per diluted share, for the second quarter of 2025. (See Reconciliation of Non-GAAP Measures).

• Provision for credit losses of $1.90 million was recorded in the second quarter of 2026 compared to $1.75 million in the first quarter of 2026, and $450,000 in the second quarter of 2025.

• Total loans, excluding loans held for sale, were $2.46 billion at June 30, 2026, an increase of $51.4 million, or 2.13%, from the prior quarter.

• Total deposits were $2.97 billion and $3.05 billion at June 30, 2026 and March 31, 2026, respectively, a decrease of $76.2 million.

• Mortgage production was $115.4 million, and mortgage sales totaled $67.3 million in the second quarter of 2026 compared to $88.5 million and $61.4 million, respectively, for the first quarter of 2026.

• Small Business Specialty Lending (“SBSL”) closed $13.0 million in Small Business Administration (“SBA”) loans and sold $5.5 million in SBA loans in the second quarter of 2026 compared to $13.1 million and $10.4 million, respectively, for the first quarter of 2026.

The Company also announced that on July 22, 2026, the Board of Directors declared a quarterly cash dividend of $0.12 per share, to be paid on its common stock on August 19, 2026, to shareholders of record as of the close of business on August 5, 2026. The Company had 21,221,503 shares of its common stock outstanding as of July 20, 2026.

“We are pleased with our second quarter financial performance, which reflects continued improvement in net interest margin, noninterest income, and operating expenses,” said Heath Fountain, Chief Executive Officer. “Our team has done a great job capturing efficiencies following the TC Federal integration, and we are well-positioned to maximize the earnings power of our balance sheet. On an operating basis, we successfully achieved our target return on average assets of 1.20%, and we are confident in our ability to maintain this level of performance moving forward.”

“We were also proud to announce our strategic partnership with First Reliance during the quarter and both leadership teams recognize the significant opportunities this combination creates for scalable, long-term growth. Our teams are making progress on merger related milestones, and we remain on track for a legal close in the fourth quarter of this year.”

“Loan growth accelerated during the quarter, landing within the lower end of our annualized 8% to 12% target range. This growth served as a driver of our margin expansion, supported by disciplined pricing on new production and renewals, alongside a well-managed cost of funds. While total deposits experienced a slight decline – consistent with our historical seasonal patterns for this time of year – our team remains focused on expanding primary deposit relationships in what remains a highly competitive funding environment.

“Overall, we see significant runway for continued performance improvement as our team executes on our strategic initiatives and delivers a superior level of service to our customers and communities.”

Balance Sheet

• Total assets were $3.63 billion at June 30, 2026, a decrease of $93.0 million from March 31, 2026.

• Total loans, excluding loans held for sale, were $2.46 billion at June 30, 2026, an increase of $51.4 million from March 31, 2026.

• Total deposits were $2.97 billion and $3.05 billion at June 30, 2026 and March 31, 2026, respectively, a decrease of $76.2 million. Decreases were seen in noninterest-bearing demand deposits of $31.2 million, interest-bearing demand deposits of $27.2 million and savings and money market deposits of $26.5 million while time deposits increased $8.7 million, from March 31, 2026 to June 30, 2026.

• Total borrowings at June 30, 2026 totaled $233.2 million, a decrease of $25.0 million compared to March 31, 2026.

Capital

• Colony continues to maintain a strong capital position, with ratios that exceed regulatory minimums required to be considered as “well-capitalized.”

• Preliminary tier one leverage ratio, tier one capital ratio, total risk-based capital ratio and common equity tier one capital ratio were 10.20%, 13.87%, 16.18%, and 12.96%, respectively, at June 30, 2026.

Second Quarter and Six-Months 2026 Results of Operations

• Net interest income, on a tax-equivalent basis, totaled $30.0 million for the second quarter ended June 30, 2026 compared to $22.6 million for the same period in 2025. Net interest income, on a tax-equivalent basis, totaled $59.4 million for the six months ended June 30, 2026 compared to $43.7 million for the same period in 2025. For both periods, increases occurred in income on interest earning assets which was partially offset by increases in expense on interest bearing liabilities. Income on interest earning assets increased $8.9 million to $45.9 million for the second quarter of 2026 compared to the same period in 2025. Expense on interest bearing liabilities increased $1.5 million to $15.9 million for the second quarter of 2026 compared to the same period in 2025. Income on interest earning assets increased $18.2 million to $91.0 million for the six months ended 2026 compared to the same period in 2025. Expense on interest bearing liabilities increased $2.6 million to $31.6 million for the six months ended 2026 compared to the same period in 2025.

• Net interest margin for the second quarter of 2026 was 3.52% compared to 3.12% for the second quarter of 2025. Net interest margin for the six months ended June 30, 2026 was 3.50% compared to 3.02% for the six months ended June 30, 2025. The increase for both periods was impacted by the Company’s acquisition of TC Bancshares, Inc. in the fourth quarter of 2025, and was also impacted by increases in interest earning asset yields period over period, as well as the decreased cost of funds.

• Noninterest income totaled $12.2 million for the second quarter of 2026, an increase of $2.1 million, or 20.4%, compared to the same period in 2025. Noninterest income totaled $22.9 million for the six months ended June 30, 2026, an increase of $3.7 million, or 19.4%, compared to the same period in 2025. For both periods, increases occurred in service charges on deposits, mortgage fee income, interchange fees, BOLI income, which includes a tax-free gain of $706 thousand, insurance commissions and an increase in wealth advisor income included in other noninterest income, partially offset by decreases in gains on sales of SBA loans and an increase in losses on sales of securities.

• Noninterest expense totaled $26.4 million for the second quarter of 2026, compared to $22.0 million for the same period in 2025. Noninterest expense totaled $54.1 million for the six months ended June 30, 2026, compared to $42.2 million for the same period in 2025. Increases for both periods occurred in salaries and employee benefits, occupancy and equipment, information technology expenses, professional fees, advertising and public relations, and acquisition and integration-related expenses related to the acquisition of TC Bancshares, Inc. which occurred in the fourth quarter of 2025 as well as expenses related to the recently announced merger with First Reliance Bancshares, Inc.

Asset Quality

• Nonperforming assets totaled $20.9 million and $19.9 million at June 30, 2026 and March 31, 2026, respectively, an increase of $1.0 million.

• Other real estate owned and repossessed assets totaled $2.0 million at June 30, 2026 and $2.1 million at March 31, 2026.

• Net loans charged-off were $1.8 million, or 0.29% of average loans for the second quarter of 2026, compared to $1.7 million, or 0.29% for the first quarter of 2026.

• The credit loss reserve was $22.0 million, or 0.89% of total loans, at June 30, 2026, compared to $21.7 million, or 0.90% of total loans at March 31, 2026.

Earnings call information

The Company will host an earnings conference call at 9:00 a.m. ET on Thursday, July 23, 2026, to discuss the recent results and answer relevant questions. The conference call can be accessed by dialing 1-800-715-9871 and using the Conference ID: 1567957. A replay of the call will be available until Thursday, July 30, 2026. To listen to the replay, dial 1-800-770-2030 and enter the passcode 1567957#.

About Colony Bankcorp

Colony Bankcorp, Inc. is the bank holding company for Colony Bank. Founded in Fitzgerald, Georgia in 1975, Colony operates locations throughout Georgia as well as in Birmingham, Alabama, and across North Florida, including Tallahassee, Jacksonville, and the Florida Panhandle. Colony Bank provides a consultative approach in offering a range of banking solutions for personal and business customers. In addition to traditional banking services, Colony Bank provides specialized solutions including mortgage lending, government-guaranteed lending, consumer insurance, wealth management, credit cards and merchant services. Colony Bankcorp’s common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “CBAN.” For more information, please visit www.colony.bank. You can also follow the Company on social media.

Forward-Looking Statements

Certain statements contained in this press release that are not statements of historical fact constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, certain statements may be contained in the Company’s future filings with the Securities and Exchange Commission (the “SEC”), in press releases, and in oral and written statements made by or with the approval of the Company that are not statements of historical fact and constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, but are not limited to: (i) projections and/or expectations of revenues, income or loss, earnings or loss per share, the payment or nonpayment of dividends, capital structure and other financial items; (ii) statement of plans and objectives of Colony Bankcorp, Inc. or its management or Board of Directors, including those relating to products or services; (iii) statements of future economic performance; (iv) statements regarding growth strategy, capital management, liquidity and funding, and future profitability; (v) statements relating to the timing, benefits, costs, and synergies of the recently announced acquisition of First Reliance Bancshares, Inc. (“First Reliance”) (the “Merger”), and (vi) statements of assumptions underlying such statements. Words such as “may”, “will”, “anticipate”, “assume”, “should”, “support”, “indicate”, “would”, “believe”, “contemplate”, “expect”, “estimate”, “continue”, “further”, “plan”, “point to”, “project”, “could”, “intend”, “target” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements.

Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties. Factors that might cause such differences include, but are not limited to: the impact of current and future economic conditions, particularly those affecting the financial services industry, including the effects of declines in the real estate market, tariffs or trade wars (including the resulting reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), high unemployment rates, inflationary pressures, changes in interest rates (including the impact of volatile interest rates on our financial projections and models) and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing; the risk of reductions in benchmark interest rates and the resulting impacts on net interest income; potential impacts of adverse developments in the banking industry highlighted by high-profile bank failures, including impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto; risks arising from negative media coverage and perceived instability in the banking industry and the banking sector; the risks of changes in interest rates and their effects on the level, cost, and composition of, and competition for, deposits, loan demand and timing of payments, the values of loan collateral, securities, and interest sensitive assets and liabilities; the ability to attract new or retain existing deposits, to retain or grow loans or additional interest and fee income, or to control noninterest expense; the effect of pricing pressures on the Company’s net interest margin; the failure of assumptions underlying the establishment of reserves for possible credit losses, fair value for loans and other real estate owned; changes in real estate values; the Company’s ability to implement its various strategic and growth initiatives; increased competition in the financial services industry, particularly from regional and national institutions, as well as fintech companies and other non-bank financial service providers offering digital, automated or alternative financial products and services; economic conditions, either nationally or locally, in areas in which the Company conducts operations being less favorable than expected; changes in the prices, values and sales volumes of residential and commercial real estate; developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; legislation or regulatory changes which adversely affect the ability of the consolidated Company to conduct business combinations or new operations; adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions, including as a result of the Company’s participation in and execution of government programs, those related to credit card interest rates, and legislative, regulatory or supervisory actions related to so-called “de-banking,” including any new prohibitions, requirements or enforcement priorities that could affect customer relationships, compliance obligations, or operational practices; significant turbulence or a disruption in the capital or financial markets and the effect of a fall in the stock market prices on our investment securities; significant volatility in the markets for equity, fixed income and other asset classes globally or within specific markets; the effects of war or other conflicts, including the ongoing conflicts in the Middle East; major political shifts domestically or internationally (including the potential for retaliatory actions by governments, market participants or clients based on diverging perspectives or otherwise); general risks related to the Company’s merger and acquisition activity, including risks associated with integrating and realizing the expected financial benefits of previous or pending acquisitions, and the Company’s pursuit of future acquisitions; risks associated with the recent Merger, including the risk that the cost savings and any revenue synergies may not be realized or take longer than anticipated to be realized as well as disruption with customers, suppliers, employee or other business partners relationships; the risk of successful integration of First Reliance’s business into the Company; the reaction of each of the Company’s and First Reliance’s customers, suppliers, employees or other business partners to the Merger; the risk that the integration of First Reliance’s operations into the operations of the Company will be materially delayed or will be more costly or difficult than expected; the timing and achievement of expected cost reductions following the Merger; the timing and achievement of the recovery of the reduction of tangible book value resulting from the Merger; general competitive, economic, political, and market conditions; the impact of emerging technologies, such as generative artificial intelligence; fraud or misconduct by internal or external actors, and system failures, cybersecurity threats or security breaches and the cost of defending against them; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding debt ceiling and the federal budget; and general competitive, economic, political and market conditions or other unexpected factors or events. These and other factors, risks and uncertainties could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict.

Forward-looking statements speak only as of the date on which such statements are made. These forward-looking statements are based upon information presently known to the Company’s management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in the Company’s filings with the Securities and Exchange Commission, the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, under the captions “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors,” and in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements.

Additional Information About the Proposed Merger and Where to Find It

This document does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the proposed merger, the Company will file with the SEC a registration statement on Form S-4 that will include a joint proxy statement of First Reliance Bancshares, Inc. (“First Reliance”) and the Company and a prospectus of the Company, as well as other relevant documents concerning the proposed transaction. WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE REGISTRATION STATEMENT ON FORM S-4, THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, FIRST RELIANCE AND THE PROPOSED MERGER. The joint proxy statement/prospectus will be sent to the shareholders of both the Company and First Reliance seeking the required shareholder approvals. Investors and security holders will be able to obtain free copies of the registration statement on Form S-4 and the related joint proxy statement/prospectus, when filed, as well as other documents filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov. Documents filed with the SEC by the Company will also be available free of charge by directing a written request to Colony Bankcorp, Inc., 115 South Grant Street, Fitzgerald, Georgia 31750, Attn: Derek Shelnutt and on the Company’s website, colony.bank, under Investor Relations. The Company’s telephone number is (229) 426-6000.

Explanation of Certain Unaudited Non-GAAP Financial Measures

The measures entitled operating noninterest income, operating noninterest expense, operating net income, operating earnings per diluted share, operating return on average assets, operating return on average equity, operating return on average tangible equity, tangible book value per common share, tangible equity to tangible assets, operating efficiency ratio, operating net noninterest expense to average assets and pre-provision net revenue are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. The most comparable GAAP measures are noninterest income, noninterest expense, net income, diluted earnings per share, return on average assets, return on average equity, book value per common share, total equity to total assets, efficiency ratio, net noninterest expense to average assets and net interest income before provision for credit losses, respectively. Operating noninterest income excludes loss on sales of securities. Operating noninterest expense excludes acquisition-related expenses, severance costs and loss related to wire fraud incident. Operating net income, operating return on average assets, operating return on average equity, operating return on average tangible equity and operating efficiency ratio all exclude acquisition-related expenses, severance costs, loss on sales of securities and loss related to wire fraud incident from net income, return on average assets, return on average equity and efficiency ratio, respectively. Operating net noninterest expense to average assets ratio excludes from net noninterest expense, severance costs, acquisition-related expenses, loss on sales of securities and loss related to wire fraud incident. Acquisition-related expenses includes fees associated with acquisitions and vendor contract buyouts. Severance costs includes costs associated with termination and retirement of employees. Operating earnings per diluted share includes the adjustments to operating net income. Tangible book value per common share, tangible equity to tangible assets and operating return on average tangible equity exclude goodwill and other intangibles from book value per common share, total equity to total assets and return on average equity, respectively. Pre-provision net revenue is calculated by adding noninterest income to net interest income before provision for credit losses, and subtracting noninterest expense.

Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes these presentations provide useful supplemental information, and a clearer understanding of the Company’s performance, and if not provided would be requested by the investor community. The Company believes the non-GAAP measures enhance investors’ understanding of the Company’s business and performance. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently.

These disclosures should not be considered an alternative to GAAP. The computations of operating noninterest income, operating noninterest expense, operating net income, operating earnings per diluted share, operating return on average assets, operating return on average equity, operating return on average tangible equity, tangible book value per common share, tangible equity to tangible assets, operating efficiency ratio, operating net noninterest expense to average assets and pre-provision net revenue and the reconciliation of these measures to noninterest income, noninterest expense, net income, diluted earnings per share, return on average assets, return on average equity, book value per common share, total equity to total assets, efficiency ratio, net noninterest expense to average assets and net interest income before provision for credit losses are set forth in the table below.

Colony Bankcorp, Inc. Reconciliation of Non-GAAP Measures
		2026								2025
(dollars in thousands, except per share data)		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
Operating noninterest income reconciliation
Noninterest income (GAAP)		$	12,158			$	10,692			$	11,047			$	10,091			$	10,098
Tax-free gain related to BOLI claim			(706	)			—				—				—				—
Loss on sales of securities			186				—				—				1,039				—
Operating noninterest income		$	11,638			$	10,692			$	11,047			$	11,130			$	10,098
Operating noninterest expense reconciliation
Noninterest expense (GAAP)		$	26,431			$	27,674			$	25,709			$	24,612			$	22,004
Acquisition-related expenses			(943	)			(1,637	)			(1,331	)			(732	)			—
Loss related to wire fraud incident			—				—				—				(1,252	)			—
Operating noninterest expense		$	25,488			$	26,037			$	24,378			$	22,628			$	22,004
Operating net income reconciliation
Net income (GAAP)		$	10,857			$	8,204			$	7,843			$	5,819			$	7,978
Acquisition-related expenses			943				1,637				1,331				732				—
Loss related to wire fraud incident			—				—				—				1,252				—
Tax-free gain related to BOLI claim			(706	)			—				—				—				—
Loss on sales of securities			186				—				—				1,039				—
Income tax benefit			(244	)			(356	)			(269	)			(612	)			—
Operating net income		$	11,036			$	9,485			$	8,905			$	8,230			$	7,978
Weighted average diluted shares			21,160,128				21,222,237				18,729,511				17,461,434				17,448,945
Operating earnings per diluted share		$	0.52			$	0.45			$	0.48			$	0.47			$	0.46
Operating return on average assets reconciliation
Return on average assets (GAAP)			1.18		%		0.90		%		0.93		%		0.75		%		1.02		%
Acquisition-related expenses			0.10				0.18				0.15				0.10				—
Loss related to wire fraud incident			—				—				—				0.16				—
Tax-free gain related to BOLI claim			(0.07	)			—				—				—				—
Loss on sales of securities			0.02				—				—				0.13				—
Tax effect of adjustment items			(0.03	)			(0.04	)			(0.03	)			(0.08	)			—
Operating return on average assets			1.20		%		1.04		%		1.05		%		1.06		%		1.02		%
Operating return on average equity reconciliation
Return on average equity (GAAP)			11.33		%		8.77		%		9.49		%		7.80		%		11.14		%
Acquisition-related expenses			0.98				1.74				1.62				0.98				—
Loss related to wire fraud incident			—				—				—				1.68				—
Tax-free gain related to BOLI claim			(0.74	)			—				—				—				—
Loss on sales of securities			0.19				—				—				1.39				—
Tax effect of adjustment items			(0.25	)			(0.38	)			(0.33	)			(0.82	)			—
Operating return on average equity			11.51		%		10.13		%		10.78		%		11.03		%		11.14		%
Return on average tangible equity reconciliation
Return on average equity (GAAP)			11.33		%		8.77		%		9.49		%		7.80		%		11.14		%
Effect of goodwill and intangibles			2.53				2.03				2.14				1.76				2.56
Return on average tangible equity			13.86		%		10.80		%		11.63		%		9.56		%		13.70		%

Colony Bankcorp, Inc. Reconciliation of Non-GAAP Measures
		2026								2025
(dollars in thousands, except per share data)		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
Operating return on average tangible equity reconciliation
Return on average tangible equity			13.86		%		10.80		%		11.63		%		9.56		%		13.70		%
Acquisition-related expenses			1.20				2.16				1.97				1.20				—
Loss related to wire fraud incident			—				—				—				2.06				—
Tax-free gain related to BOLI claim			(0.90	)			—				—				—				—
Loss on sales of securities			0.24				—				—				1.71				—
Tax effect of adjustment items			(0.31	)			(0.47	)			(0.40	)			(1.01	)			—
Operating return on average tangible equity			14.09		%		12.49		%		13.20		%		13.52		%		13.70		%
Tangible book value per common share reconciliation
Book value per common share (GAAP)		$	18.43			$	17.98			$	17.69			$	17.31			$	16.87
Effect of goodwill and other intangibles			(3.31	)			(3.33	)			(3.38	)			(3.11	)			(3.14	)
Tangible book value per common share		$	15.12			$	14.65			$	14.31			$	14.20			$	13.73
Tangible equity to tangible assets reconciliation
Equity to assets (GAAP)			10.75		%		10.22		%		10.06		%		9.59		%		9.43		%
Effect of goodwill and other intangibles			(1.76	)			(1.73	)			(1.76	)			(1.59	)			(1.62	)
Tangible equity to tangible assets			8.99		%		8.49		%		8.30		%		8.00		%		7.81		%
Operating efficiency ratio calculation
Efficiency ratio (GAAP)			62.89		%		69.37		%		69.65		%		75.06		%		67.74		%
Acquisition-related expenses			(2.25	)			(4.10	)			(3.61	)			(1.98	)			—
Loss related to wire fraud incident			—				—				—				(3.38	)			—
Tax-free gain related to BOLI claim			1.06				—				—				—				—
Loss on sales of securities			(0.29	)			—				—				(2.81	)			—
Operating efficiency ratio			61.41		%		65.27		%		66.04		%		66.89		%		67.74		%
Operating net noninterest expense(1) to average assets calculation
Net noninterest expense to average assets			1.55		%		1.86		%		1.73		%		1.86		%		1.52		%
Acquisition-related expenses			(0.10	)			(0.18	)			(0.15	)			(0.09	)			—
Loss related to wire fraud incident			—				—				—				(0.16	)			—
Tax-free gain related to BOLI claim			0.08				—				—				—				—
Loss on sales of securities			(0.02	)			—				—				(0.13	)			—
Operating net noninterest expense to average assets			1.51		%		1.68		%		1.58		%		1.48		%		1.52		%
Pre-provision net revenue
Net interest income before provision for credit losses		$	29,869			$	29,203			$	25,865			$	22,699			$	22,385
Noninterest income			12,158				10,692				11,047				10,091				10,098
Total income			42,027				39,895				36,912				32,790				32,483
Noninterest expense			26,431				27,674				25,709				24,612				22,004
Pre-provision net revenue		$	15,596			$	12,221			$	11,203			$	8,178			$	10,479
Operating pre-provision net revenue
Net interest income before provision for credit losses		$	29,869			$	29,203			$	25,865			$	22,699			$	22,385
Operating noninterest income			11,638				10,692				11,047				11,130				10,098
Total operating income			41,507				39,895				36,912				33,829				32,483
Operating noninterest expense			25,488				26,037				24,378				22,628				22,004
Operating pre-provision net revenue		$	16,019			$	13,858			$	12,534			$	11,201			$	10,479

_______________________________
(1)	Net noninterest expense is defined as noninterest expense less noninterest income.

Colony Bankcorp, Inc. Selected Financial Information
		2026								2025
(dollars in thousands, except per share data)		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
EARNINGS SUMMARY
Net interest income		$	29,869			$	29,203			$	25,865			$	22,699			$	22,385
Provision for credit losses			1,900				1,750				1,650				900				450
Noninterest income			12,158				10,692				11,047				10,091				10,098
Noninterest expense			26,431				27,674				25,709				24,612				22,004
Income taxes			2,839				2,267				1,710				1,459				2,051
Net income		$	10,857			$	8,204			$	7,843			$	5,819			$	7,978
PER COMMON SHARE
Common shares outstanding			21,158,353				21,162,104				21,251,695				17,461,284				17,416,702
Weighted average basic shares			21,160,128				21,222,237				18,729,511				17,461,434				17,448,945
Weighted average diluted shares			21,160,128				21,222,237				18,729,511				17,461,434				17,448,945
Earnings per basic share		$	0.51			$	0.39			$	0.42			$	0.33			$	0.46
Earnings per diluted share			0.51				0.39				0.42				0.33				0.46
Operating earnings per diluted share(b)			0.52				0.45				0.48				0.47				0.46
Cash dividends declared per share			0.1200				0.1200				0.1150				0.1150				0.1150
Common book value per share			18.43				17.98				17.69				17.31				16.87
Tangible book value per common share(b)			15.12				14.65				14.31				14.20				13.73
Pre-provision net revenue(b)			15,596				12,221				11,203				8,178				10,479
SELECTED PERFORMANCE RATIOS:
Return on average assets			1.18		%		0.90		%		0.93		%		0.75		%		1.02		%
Return on average total equity			11.33				8.77				9.49				7.80				11.14
Return on average tangible equity			13.86				10.80				11.63				9.56				13.70
Efficiency ratio			62.89				69.37				69.65				75.06				67.74
Net noninterest expense to average assets			1.55				1.86				1.73				1.86				1.52
Total equity to total assets			10.75				10.22				10.06				9.59				9.43
Tangible equity to tangible assets (b)			8.99				8.49				8.30				8.00				7.81
Net interest margin (a)			3.52				3.48				3.32				3.17				3.12
OPERATING SELECTED PERFORMANCE RATIOS:
Operating return on average assets (b)			1.20		%		1.04		%		1.05		%		1.06		%		1.02		%
Operating return on average total equity (b)			11.51				10.13				10.78				11.03				11.14
Operating return on average tangible equity (b)			14.09				12.49				13.20				13.52				13.70
Operating efficiency ratio (b)			61.41				65.27				66.04				66.89				67.74
Operating net noninterest expense to average assets(b)			1.51				1.68				1.58				1.48				1.52

Colony Bankcorp, Inc. Selected Financial Information
		2026								2025
(dollars in thousands, except per share data)		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
ASSET QUALITY
Nonperforming portfolio loans		$	14,289			$	12,619			$	17,190			$	9,082			$	4,760
Nonperforming SBA government loans-guaranteed portion			3,261				2,012				4,772				4,076				4,583
Nonperforming SBA government loans-unguaranteed portion			1,362				2,968				1,418				1,110				1,241
Loans 90 days past due and still accruing			71				178				95				98				107
Total nonperforming loans (NPLs)			18,983				17,777				23,475				14,366				10,691
Other real estate owned			1,829				1,873				1,048				710				710
Repossessed assets			129				205				190				160				21
Total nonperforming assets (NPAs)			20,941				19,855				24,713				15,236				11,422
Classified loans			33,626				39,225				40,481				24,183				25,112
Criticized loans			86,680				86,740				84,721				60,505				54,814
Net loan charge-offs (recoveries)			1,781				1,709				1,600				1,827				1,049
Allowance for credit losses to total loans			0.89		%		0.90		%		0.97		%		0.89		%		0.96		%
Allowance for credit losses to total NPLs			116.07				122.10				98.04				125.89				179.15
Allowance for credit losses to total NPAs			105.22				109.32				93.13				118.71				167.69
Net charge-offs (recoveries) to average loans, net			0.29				0.29				0.30				0.36				0.21
NPLs to total loans			0.77				0.74				0.99				0.71				0.54
NPAs to total assets			0.58				0.53				0.66				0.48				0.37
NPAs to total loans and foreclosed assets			0.85				0.82				1.04				0.75				0.57
ACTUAL BALANCES
Total assets		$	3,627,583			$	3,720,613			$	3,735,401			$	3,152,746			$	3,115,617
Loans held for sale			24,218				16,536				78,990				19,286				22,163
Loans, net of unearned income			2,464,834				2,413,465				2,381,224				2,037,056				1,993,580
Deposits			2,972,176				3,048,419				3,067,521				2,584,329				2,556,230
Total stockholders’ equity			389,966				380,403				375,920				302,332				293,857
AVERAGE BALANCES
Total assets		$	3,685,038			$	3,698,663			$	3,357,785			$	3,092,411			$	3,138,125
Loans held for sale			20,802				21,863				59,868				17,062				22,495
Loans, net of unearned income			2,432,676				2,399,971				2,148,729				2,024,153				1,960,025
Deposits			3,031,260				3,025,462				2,752,576				2,526,739				2,586,620
Total stockholders’ equity			384,514				379,582				327,830				296,027				287,325

_______________________________
(a)	Computed using fully taxable-equivalent net income.
(b)	Non-GAAP measure – see “Explanation of Certain Unaudited Non-GAAP Financial Measures” for more information and reconciliation to GAAP.

Colony Bankcorp, Inc. Average Balance Sheet and Net Interest Analysis
		Three Months Ended June 30,
		2026												2025
(dollars in thousands)		Average				Income/				Yields/				Average				Income/				Yields/
		Balances				Expense				Rates				Balances				Expense				Rates
Assets
Interest-earning assets:
Loans held for sale		$	20,802			$	367			7.08		%		$	22,495			$	325			5.79		%
Loans, net of unearned income 1			2,432,676				38,800			6.40					1,960,025				30,139			6.17
Investment securities, taxable			646,072				4,452			2.76					698,416				4,759			2.73
Investment securities, tax-exempt 2			93,939				487			2.08					93,082				492			2.12
Deposits in banks and short term investments			222,877				1,830			3.29					134,807				1,326			3.95
Total interest-earning assets			3,416,366				45,936			5.39		%			2,908,825				37,041			5.11		%
Noninterest-earning assets			268,672												229,300
Total assets		$	3,685,038											$	3,138,125
Liabilities and stockholders’ equity
Interest-bearing liabilities:
Interest-bearing demand and savings		$	1,711,126				6,166			1.45		%		$	1,529,608				6,310			1.65		%
Other time			844,296				7,071			3.36					615,303				5,322			3.47
Total interest-bearing deposits			2,555,422				13,237			2.08					2,144,911				11,632			2.18
Federal Home Loan Bank advances			171,374				1,784			4.18					185,000				1,889			4.10
Other borrowings			63,165				891			5.66					63,072				929			5.91
Total other interest-bearing liabilities			234,539				2,675			4.57					248,072				2,818			4.56
Total interest-bearing liabilities			2,789,961				15,912			2.29		%			2,392,983				14,450			2.42		%
Noninterest-bearing liabilities:
Demand deposits			475,839												441,709
Other liabilities			34,724												16,108
Stockholders’ equity			384,514												287,325
Total noninterest-bearing liabilities and stockholders’ equity			895,077												745,142
Total liabilities and stockholders’ equity		$	3,685,038											$	3,138,125
Interest rate spread										3.10		%										2.69		%
Net interest income						$	30,024											$	22,591
Net interest margin										3.52		%										3.12		%

_____________________________________

1 The average balance of loans includes the average balance of nonaccrual loans. Income on such loans is recognized and recorded on a cash basis. Taxable-equivalent adjustments totaling $53,000 and $102,000 for the three months ended June 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in income and fees on loans. Accretion income of $1.1 million and $17,000 for the three months ended June 30, 2026 and 2025, respectively, are also included in income and fees on loans.

2 Taxable-equivalent adjustments totaling $102,000 and $103,000 for the three months ended June 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in tax-exempt interest on investment securities.

		Six Months Ended June 30,
		2026												2025
(dollars in thousands)		Average Balances				Income/ Expense				Yields/ Rates				Average Balances				Income/ Expense				Yields/ Rates
Assets
Interest-earning assets:
Loans held for sale		$	21,330			$	821			7.76		%		$	22,872			$	653			5.76		%
Loans, net of unearned income 3			2,416,413				76,368			6.37					1,915,001				57,854			6.09
Investment securities, taxable			657,385				8,989			2.76					704,322				9,595			2.75
Investment securities, tax-exempt 4			94,262				976			2.09					93,727				986			2.12
Deposits in banks and short term investments			231,613				3,823			3.33					181,651				3,648			4.05
Total interest-earning assets			3,421,003				90,977			5.36		%			2,917,573				72,736			5.03		%
Noninterest-earning assets			270,810												226,120
Total assets		$	3,691,813											$	3,143,693
Liabilities and stockholders’ equity
Interest-bearing liabilities:
Interest-bearing demand and savings		$	1,718,339				12,117			1.42		%		$	1,539,504				12,779			1.67		%
Other time			828,501				13,934			3.39					608,648				10,627			3.52
Total interest-bearing deposits			2,546,840				26,051			2.06					2,148,152				23,406			2.20
Federal Home Loan Bank advances			183,122				3,769			4.15					185,000				3,762			4.10
Other borrowings			63,153				1,779			5.68					63,060				1,856			5.94
Total other interest-bearing liabilities			246,275				5,548			4.54					248,060				5,618			4.57
Total interest-bearing liabilities			2,793,115				31,599			2.28		%			2,396,212				29,024			2.44		%
Noninterest-bearing liabilities:
Demand deposits			481,537												448,457
Other liabilities			35,100												16,062
Stockholders’ equity			382,061												282,962
Total noninterest-bearing liabilities and stockholders’ equity			898,698												747,481
Total liabilities and stockholders’ equity		$	3,691,813											$	3,143,693
Interest rate spread										3.08		%										2.59		%
Net interest income						$	59,378											$	43,712
Net interest margin										3.50		%										3.02		%

_____________________________________

3 The average balance of loans includes the average balance of nonaccrual loans. Income on such loans is recognized and recorded on a cash basis. Taxable-equivalent adjustments totaling $101,000 and $170,000 for the six months ended June 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in income and fees on loans. Accretion income of $2.4 million and $36,000 for the six months ended June 30, 2026 and 2025, respectively, are also included in income and fees on loans.

4 Taxable-equivalent adjustments totaling $205,000 and $207,000 for the six months ended June 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in tax-exempt interest on investment securities.

Colony Bankcorp, Inc. Segment Reporting
		2026								2025
(dollars in thousands)		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
Banking Division
Net interest income		$	28,435			$	28,223			$	24,781			$	21,629			$	21,319
Provision for credit losses			801				780				776				(371	)			(330	)
Noninterest income			8,777				7,131				6,996				6,144				5,969
Noninterest expenses			23,335				24,420				22,502				21,075				18,269
Income taxes			2,703				2,194				1,493				1,413				1,908
Net income		$	10,373			$	7,960			$	7,006			$	5,656			$	7,441
Total assets		$	3,521,331			$	3,619,249			$	3,625,785			$	3,046,699			$	3,010,416
Full time employees			441				426				447				383				390
Mortgage Banking Division
Net interest income		$	78			$	38			$	65			$	62			$	44
Provision for credit losses			—				—				—				—				—
Noninterest income			2,182				1,886				2,012				1,851				1,984
Noninterest expenses			1,828				1,702				1,695				2,066				1,710
Income taxes			95				52				81				(27	)			69
Net income		$	337			$	170			$	301			$	(126	)		$	249
Total assets		$	15,077			$	12,036			$	13,648			$	12,959			$	14,296
Variable noninterest expense(1)		$	659			$	597			$	984			$	1,229			$	1,157
Fixed noninterest expense		$	1,169			$	1,105			$	711			$	837			$	553
Full time employees			53				48				48				46				43
Small Business Specialty Lending Division
Net interest income		$	1,356			$	942			$	1,019			$	1,008			$	1,022
Provision for credit losses			1,099				970				874				1,271				780
Noninterest income			1,199				1,675				2,039				2,096				2,145
Noninterest expenses			1,268				1,552				1,512				1,471				2,025
Income taxes			41				21				136				73				74
Net income		$	147			$	74			$	536			$	289			$	288
Total assets		$	91,175			$	89,328			$	95,968			$	93,088			$	90,905
Full time employees			34				32				31				31				34
Total Consolidated
Net interest income		$	29,869			$	29,203			$	25,865			$	22,699			$	22,385
Provision for credit losses			1,900				1,750				1,650				900				450
Noninterest income			12,158				10,692				11,047				10,091				10,098
Noninterest expenses			26,431				27,674				25,709				24,612				22,004
Income taxes			2,839				2,267				1,710				1,459				2,051
Net income		$	10,857			$	8,204			$	7,843			$	5,819			$	7,978
Total assets		$	3,627,583			$	3,720,613			$	3,735,401			$	3,152,746			$	3,115,617
Full time employees			528				506				526				460				467

_____________________________
(1)	Variable noninterest expense includes commission based salary expenses and volume based loan related fees.

Colony Bankcorp, Inc. Consolidated Balance Sheets
		June 30, 2026				December 31, 2025
(dollars in thousands)		(unaudited)				(audited)
ASSETS
Cash and due from banks		$	25,257			$	27,307
Interest-bearing deposits in banks and federal funds sold			134,362				230,333
Cash and cash equivalents			159,619				257,640
Investment securities available for sale, at fair value			370,821				383,817
Investment securities held to maturity, at amortized cost			365,251				386,618
Other investments			17,864				19,176
Loans held for sale			24,218				78,990
Loans, net of unearned income			2,464,834				2,381,224
Allowance for credit losses			(22,034	)			(23,014	)
Loans, net			2,442,800				2,358,210
Premises and equipment			37,139				37,045
Other real estate owned			1,829				1,048
Goodwill			63,047				63,873
Other intangible assets			6,971				7,851
Bank owned life insurance			68,693				68,457
Deferred income taxes, net			17,986				19,582
Other assets			51,345				53,094
Total assets		$	3,627,583			$	3,735,401
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits:
Noninterest-bearing		$	464,062			$	526,803
Interest-bearing			2,508,114				2,540,718
Total deposits			2,972,176				3,067,521
Federal Home Loan Bank advances			169,989				194,972
Other borrowed money			63,179				63,132
Accrued expenses and other liabilities			32,273				33,856
Total liabilities			3,237,617				3,359,481
Stockholders’ equity
Common stock, $1 par value; 50,000,000 shares authorized, 21,158,353 and 21,251,695 issued and outstanding, respectively			21,158				21,252
Paid in capital			227,246				228,577
Retained earnings			174,558				160,584
Accumulated other comprehensive loss, net of tax			(32,996	)			(34,493	)
Total stockholders’ equity			389,966				375,920
Total liabilities and stockholders’ equity		$	3,627,583			$	3,735,401

Colony Bankcorp, Inc. Consolidated Statements of Income (unaudited)
		Three months ended June 30,								Six months ended June 30,
		2026				2025				2026				2025
(dollars in thousands, except per share data)
Interest income:
Loans, including fees		$	39,114			$	30,361			$	77,088			$	58,337
Investment securities			4,837				5,148				9,760				10,375
Deposits in banks and short term investments			1,830				1,326				3,823				3,648
Total interest income			45,781				36,835				90,671				72,360
Interest expense:
Deposits			13,237				11,632				26,051				23,405
Federal Home Loan Bank advances			1,784				1,889				3,769				3,762
Other borrowings			891				929				1,779				1,856
Total interest expense			15,912				14,450				31,599				29,023
Net interest income			29,869				22,385				59,072				43,337
Provision for credit losses			1,900				450				3,650				1,950
Net interest income after provision for credit losses			27,969				21,935				55,422				41,387
Noninterest income:
Service charges on deposits			2,561				2,219				5,122				4,391
Mortgage fee income			2,141				1,984				4,076				3,563
Gain on sales of SBA loans			506				1,550				1,468				2,585
Other SBA income			692				595				1,406				1,251
Loss on sales of securities			(186	)			—				(186	)			—
Interchange fees			2,400				2,073				4,586				4,011
BOLI income			1,217				423				1,694				819
Insurance commissions			922				766				1,766				1,235
Other			1,905				488				2,919				1,287
Total noninterest income			12,158				10,098				22,851				19,142
Noninterest expense:
Salaries and employee benefits			15,539				12,865				31,462				24,770
Occupancy and equipment			2,109				1,683				4,066				3,263
Acquisition related			943				—				2,580				—
Information technology expenses			2,902				2,592				5,675				5,069
Professional fees			939				742				2,059				1,490
Advertising and public relations			982				942				2,088				1,747
Communications			235				188				460				393
Other			2,782				2,992				5,716				5,493
Total noninterest expense			26,431				22,004				54,106				42,225
Income before income taxes			13,696				10,029				24,167				18,304
Income taxes			2,839				2,051				5,106				3,713
Net income		$	10,857			$	7,978			$	19,061			$	14,591
Earnings per common share:
Basic		$	0.51			$	0.46			$	0.90			$	0.83
Diluted			0.51				0.46				0.90				0.83
Dividends declared per share			0.1200				0.1150				0.2400				0.2300
Weighted average common shares outstanding:
Basic			21,160,128				17,448,945				21,191,011				17,478,836
Diluted			21,160,128				17,448,945				21,191,011				17,478,836

Colony Bankcorp, Inc. Quarterly Consolidated Statements of Income
		2026								2025
		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
(dollars in thousands, except per share data)		(unaudited)				(unaudited)				(unaudited)				(unaudited)				(unaudited)
Interest income:
Loans, including fees		$	39,114			$	37,974			$	34,461			$	31,535			$	30,361
Investment securities			4,837				4,923				4,543				4,518				5,148
Deposits in banks and short term investments			1,830				1,993				1,696				839				1,326
Total interest income			45,781				44,890				40,700				36,892				36,835
Interest expense:
Deposits			13,237				12,814				11,973				11,332				11,632
Federal Home Loan Bank advances			1,784				1,985				1,947				1,909				1,889
Other borrowings			891				888				915				952				929
Total interest expense			15,912				15,687				14,835				14,193				14,450
Net interest income			29,869				29,203				25,865				22,699				22,385
Provision for credit losses			1,900				1,750				1,650				900				450
Net interest income after provision for credit losses			27,969				27,453				24,215				21,799				21,935
Noninterest income:
Service charges on deposits			2,561				2,561				2,664				2,640				2,219
Mortgage fee income			2,141				1,935				2,121				1,851				1,984
Gain on sales of SBA loans			506				962				1,376				1,411				1,550
Other SBA income			692				714				663				686				595
Loss on sales of securities			(186	)			—				—				(1,039	)			—
Interchange fees			2,400				2,186				2,154				2,273				2,073
BOLI income			1,217				477				577				396				423
Insurance commissions			922				844				755				874				766
Other			1,905				1,013				737				999				488
Total noninterest income			12,158				10,692				11,047				10,091				10,098
Noninterest expense:
Salaries and employee benefits			15,539				15,923				14,115				13,532				12,865
Occupancy and equipment			2,109				1,957				1,758				1,732				1,683
Acquisition related			943				1,637				1,331				732				—
Information technology expenses			2,902				2,774				2,903				2,680				2,592
Professional fees			939				1,120				1,019				998				742
Advertising and public relations			982				1,106				1,402				1,130				942
Communications			235				224				194				218				188
Other			2,782				2,933				2,987				3,590				2,992
Total noninterest expense			26,431				27,674				25,709				24,612				22,004
Income before income taxes			13,696				10,471				9,553				7,278				10,029
Income taxes			2,839				2,267				1,710				1,459				2,051
Net income		$	10,857			$	8,204			$	7,843			$	5,819			$	7,978
Earnings per common share:
Basic		$	0.51			$	0.39			$	0.42			$	0.33			$	0.46
Diluted			0.51				0.39				0.42				0.33				0.46
Dividends declared per share			0.1200				0.1200				0.1150				0.1150				0.1150
Weighted average common shares outstanding:
Basic			21,160,128				21,222,237				18,729,511				17,461,434				17,448,945
Diluted			21,160,128				21,222,237				18,729,511				17,461,434				17,448,945

Colony Bankcorp, Inc. Quarterly Deposits Composition Comparison
		2026								2025
(dollars in thousands)		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
Noninterest-bearing demand		$	464,062			$	495,234			$	526,803			$	442,142			$	434,785
Interest-bearing demand			900,546				927,768				932,262				811,031				838,540
Savings and money markets			779,890				806,434				787,811				644,312				667,135
Time over $250,000			264,968				237,311				239,175				192,545				193,427
Other time			562,710				581,672				581,470				494,299				422,343
Total		$	2,972,176			$	3,048,419			$	3,067,521			$	2,584,329			$	2,556,230

Colony Bankcorp, Inc. Quarterly Deposits by Location Comparison
		2026								2025
(dollars in thousands)		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
Augusta		$	29,688			$	22,496			$	18,387			$	—			$	—
Florida			171,594				167,406				157,056				—				—
Coastal Georgia			136,189				129,957				141,013				127,587				138,838
Middle Georgia			257,035				266,574				262,075				259,934				277,880
Atlanta and North Georgia			305,149				311,159				335,762				315,822				344,329
South Georgia			1,382,532				1,421,164				1,431,775				1,205,891				1,203,732
West Georgia			311,776				328,077				326,054				341,056				325,946
Brokered deposits			123,512				136,894				131,906				130,000				59,494
Reciprocal deposits			254,701				264,692				263,493				204,039				206,011
Total		$	2,972,176			$	3,048,419			$	3,067,521			$	2,584,329			$	2,556,230

Colony Bankcorp, Inc. Quarterly Loan Comparison
		2026								2025
(dollars in thousands)		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
Core		$	2,011,354			$	1,940,583			$	1,885,200			$	1,935,648			$	1,887,456
Purchased			453,480				472,882				496,024				101,408				106,124
Loans, net of unearned income		$	2,464,834			$	2,413,465			$	2,381,224			$	2,037,056			$	1,993,580

Colony Bankcorp, Inc. Quarterly Loans by Composition Comparison
		2026								2025
(dollars in thousands)		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
Construction, land & land development		$	285,508			$	309,161			$	302,512			$	240,819			$	238,078
Other commercial real estate			1,272,574				1,240,210				1,249,720				1,064,984				1,059,149
Total commercial real estate			1,558,082				1,549,371				1,552,232				1,305,803				1,297,227
Residential real estate			499,015				483,247				459,549				377,058				356,515
Commercial, financial & agricultural			230,364				220,933				218,532				213,274				212,872
Consumer and other			177,373				159,914				150,911				140,921				126,966
Loans, net of unearned income		$	2,464,834			$	2,413,465			$	2,381,224			$	2,037,056			$	1,993,580

Colony Bankcorp, Inc. Quarterly Loans by Location Comparison
		2026								2025
(dollars in thousands)		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
Alabama		$	49,410			$	49,546			$	47,971			$	48,351			$	50,856
Florida			243,326				238,262				236,810				26,061				24,562
Augusta			85,593				84,548				85,072				92,988				95,246
Coastal Georgia			354,035				355,350				358,271				263,763				253,177
Middle Georgia			113,706				115,385				121,276				120,601				125,435
Atlanta and North Georgia			445,409				455,197				456,593				463,007				445,921
South Georgia			523,424				512,651				462,085				403,192				408,954
West Georgia			202,800				186,661				174,626				172,688				168,968
Small Business Specialty Lending			80,864				83,288				84,928				84,999				81,242
Consumer Portfolio Mortgages			258,769				236,984				263,385				270,941				262,846
Marine/RV Lending			106,823				94,775				88,852				88,968				75,649
Other			675				818				1,355				1,497				724
Loans, net of unearned income		$	2,464,834			$	2,413,465			$	2,381,224			$	2,037,056			$	1,993,580

Colony Bankcorp, Inc. Classified Loans
		2026														2025
(dollars in thousands)		Second							First							Fourth							Third							Second
		Quarter							Quarter							Quarter							Quarter							Quarter
		$				#			$				#			$				#			$				#			$				#
Construction, land & land development		$	381			12			$	214			8			$	1,438			10			$	1,644			8			$	126			4
Other commercial real estate			19,868			45				23,966			52				22,871			52				12,973			45				16,687			48
Residential real estate			5,870			91				6,160			95				6,115			92				1,503			75				1,222			73
Commercial, financial & agricultural			7,166			90				8,655			107				9,857			109				7,947			90				7,071			64
Consumer and other			341			40				230			32				200			34				116			27				6			25
TOTAL		$	33,626			278			$	39,225			294			$	40,481			297			$	24,183			245			$	25,112			214
Classified loans to total loans			1.36		%					1.63		%					1.70		%					1.19		%					1.26		%

Colony Bankcorp, Inc. Criticized Loans
		2026														2025
(dollars in thousands)		Second							First							Fourth							Third							Second
		Quarter							Quarter							Quarter							Quarter							Quarter
		$				#			$				#			$				#			$				#			$				#
Construction, land & land development		$	6,352			36			$	6,574			34			$	17,605			13			$	14,393			12			$	2,207			10
Other commercial real estate			58,023			71				54,522			69				40,073			71				24,934			60				30,034			69
Residential real estate			10,525			96				12,522			103				11,515			99				6,528			81				7,224			79
Commercial, financial & agricultural			11,439			97				12,892			114				15,197			120				14,403			99				15,212			85
Consumer and other			341			40				230			32				331			35				247			28				137			26
TOTAL		$	86,680			340			$	86,740			352			$	84,721			338			$	60,505			280			$	54,814			269
Criticized loans to total loans			3.52		%					3.59		%					3.56		%					2.97		%					2.75		%

Colony Bankcorp, Inc. Quarterly Net Charge offs by Composition
		2026								2025
		Second				First				Fourth				Third				Second
		Quarter				Quarter				Quarter				Quarter				Quarter
Construction, land & land development			(0.01	)	%		–		%		–		%		–		%		–		%
Other commercial real estate			0.08				0.08				(0.04	)			0.05				0.01
Residential real estate			–				0.01				(0.01	)			(0.01	)			0.02
Commercial, financial & agricultural			0.10				0.12				0.22				0.24				0.12
Consumer and other			0.12				0.08				0.13				0.08				0.06
Loans, net of unearned income			0.29		%		0.29		%		0.30		%		0.36		%		0.21		%

 

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