Earnings release
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1 Exhibit 99.1 For additional information, contact: Derek Shelnutt EVP & Chief Financial Officer 229-426-6000, extension 6119 COLONY BANKCORP, INC. REPORTS THIRD QUARTER 2026 RESULTS DECLARES QUARTERLY CASH DIVIDEND OF $0.12 PER SHARE FITZGERALD, GA. (October 28, 2026) – Colony Bankcorp, Inc. (NYSE: CBAN) (“Colony” or the “Company”) today reported financial results for the third quarter of 2026. Financial highlights are shown below. Financial Highlights: ● Net income was $10.5 million, or $0.50 per diluted share, for the third quarter of 2026, compared to $10.9 million, or $0.51 per diluted share, for the second quarter of 2026, and $5.8 million, or $0.33 per diluted share, for the third quarter of 2025. ● Operating net income was $11.6 million, or $0.54 of operating earnings per diluted share, for the third quarter of 2026, compared to $11.0 million, or $0.52 of operating earnings per diluted share, for the second quarter of 2026, and $8.2 million, or $0.47 of operating earnings per diluted share, for the third quarter of 2025. (See Reconciliation of Non-GAAP Measures). ● Provision for credit losses of $1.7 million was recorded in the third quarter of 2026 compared to $1.9 million in the second quarter of 2026, and $900,000 in the third quarter of 2025. ● Total loans, excluding loans held for sale, were $2.48 billion at September 30, 2026, an increase of $12.3 million, or 0.50%, from the prior quarter. ● Total deposits were $2.96 billion and $2.97 billion at September 30, 2026 and June 30, 2026, respectively, a decrease of $14.5 million. ● Mortgage production was $96.5 million, and mortgage sales totaled $69.2 million in the third quarter of 2026 compared to $115.4 million and $67.3 million, respectively, for the second quarter of 2026. ● Small Business Specialty Lending (“SBSL”) closed $29.9 million in Small Business Administration (“SBA”) loans and sold $12.7 million in SBA loans in the third quarter of 2026 compared to $13.0 million and $5.5 million, respectively, for the second quarter of 2026. The Company also announced that on October 28, 2026, the Board of Directors declared a quarterly cash dividend of $0.12 per share, to be paid on its common stock on November 25, 2026, to shareholders of record as of the close of business on November 11, 2026. The Company had 21,220,149 shares of its common stock outstanding as of October 26, 2026. “We are pleased to report improved financial performance in the third quarter, driven by solid execution and sustained profitability across our core franchise,” said Heath Fountain, Chief Executive Officer. “The momentum built over recent quarters reflects the resilience of our business model and our focus on disciplined balance sheet management, efficiency, and sound credit quality. As we move through the remainder of the year and complete our partnership with First Reliance, we believe we are well positioned to capitalize on the opportunities that will allow us to deliver consistent results.” “Loan growth was lower in the third quarter and is reflective of our commitment to pricing discipline in a changing rate environment. Margin continues to improve, which is a result of increasing earning asset yields and consistent pricing on our new and renewed loans. While our long-term target for loan growth remains unchanged, we are likely to see softer growth in the near-term.”
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2 “We previously announced that all necessary regulatory approvals and shareholder approvals have been obtained for our partnership with First Reliance. Both teams have been working to ensure a smooth transition at legal close as well as preparing for our systems conversion and customer integration currently expected in the second quarter of 2027 and we remain on track to successfully achieve our goals.” “As we look ahead, our outlook remains bright. Uniting our teams and strengths allows us to build on our momentum, sharpen our focus on operational excellence, and deliver even greater long-term value to our shareholders, customers, and communities.” Balance Sheet ● Total assets were $3.65 billion at September 30, 2026, an increase of $20.3 million from June 30, 2026. ● Total loans, excluding loans held for sale, were $2.48 billion at September 30, 2026, an increase of $12.3 million from June 30, 2026. ● Total deposits were $2.96 billion and $2.97 billion at September 30, 2026 and June 30, 2026, respectively, a decrease of $14.5 million. Decreases were seen in noninterest-bearing demand deposits of $6.8 million and interest-bearing demand deposits of $44.1 million partially offset by increases in savings and money market deposits of $15.1 million and time deposits of $21.4 million, from June 30, 2026 to September 30, 2026. ● Total borrowings at September 30, 2026 were $263.2 million, an increase of $30.0 million compared to June 30, 2026. Capital ● Colony continues to maintain a strong capital position, with ratios that exceed applicable regulatory minimums required to be considered as “well-capitalized.” ● The Company’s preliminary consolidated tier one leverage ratio, tier one capital ratio, total risk-based capital ratio and common equity tier one capital ratio were 10.57%, 14.41%, 16.78%, and 13.50%, respectively, at September 30, 2026. Third Quarter and Nine-Months Ended September 30, 2026 Results of Operations ● Net interest income, on a tax-equivalent basis, totaled $30.5 million for the third quarter ended September 30, 2026 compared to $22.9 million for the same period in 2025. Net interest income, on a tax-equivalent basis, totaled $89.9 million for the nine months ended September 30, 2026 compared to $66.6 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 $9.5 million to $46.6 million for the third quarter of 2026 compared to the same period in 2025. Expense on interest bearing liabilities increased $1.9 million to $16.1 million for the third quarter of 2026 compared to the same period in 2025. Income on interest earning assets increased $27.8 million to $137.6 million for the nine months ended September 30, 2026 compared to the same period in 2025. Expense on interest bearing liabilities increased $4.5 million to $47.7 million for the nine months ended September 30, 2026 compared to the same period in 2025. ● Net interest margin for the third quarter of 2026 was 3.59% compared to 3.17% for the third quarter of 2025. Net interest margin for the nine months ended September 30, 2026 was 3.53% compared to 3.07% for the nine months ended September 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 $12.3 million for the third quarter of 2026, an increase of $2.2 million, or 21.6%, compared to the same period in 2025. Noninterest income totaled $35.1 million for the nine months ended September 30, 2026, an increase of $5.9 million, or 20.1%, 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 included a tax-free gain of $706 thousand in the second quarter of 2026, along with an increase in wealth advisor income and an insurance gain of $813 thousand in the third quarter of 2026 related to a previous branch building fire, both which are included in other noninterest income, partially offset by decreases in gains on sales of SBA loans. ● Noninterest expense totaled $27.6 million for the third quarter of 2026, compared to $24.6 million for the same period in 2025. Noninterest expense totaled $81.8 million for the nine months ended September 30, 2026, compared to $66.8 million for the same period in 2025. Increases for both periods occurred in salaries and employee benefits, occupancy and equipment, information technology expenses 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 upcoming merger with First Reliance Bancshares, Inc.
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3 Asset Quality ● Nonperforming assets totaled $25.0 million and $20.9 million at September 30, 2026 and June 30, 2026, respectively, an increase of $4.1 million. ● Other real estate owned and repossessed assets totaled $3.9 million at September 30, 2026 and $2.0 million at June 30, 2026. ● Net loans charged-off were $1.7 million, or 0.27% of average loans for the third quarter of 2026, compared to $1.8 million, or 0.29% for the second quarter of 2026. ● The allowance for credit losses on loans was $22.5 million, or 0.91% of total loans, at September 30, 2026, compared to $22.0 million, or 0.89% of total loans at June 30, 2026. ● The increase in classified and criticized loans is primarily driven by the downgrade of one construction relationship with circumstances unique to the individual borrower. Subsequent Event: Strategic Sale-Leaseback and Balance Sheet Repositioning On October 27, 2026, Colony Bank (the “Bank”), a Georgia state-chartered bank and wholly-owned subsidiary of the Company, entered into a Purchase and Sale Agreement for the sale of three retail banking branch properties for an aggregate gross purchase price of approximately $19.9 million. The Bank entered into a 15-year master lease agreement to lease back each property, with Bank options to extend the term for an additional 15 years. Aggregate first-year base rent under the triple-net lease is approximately $1.65 million, subject to 2.0% annual escalations. The Bank will not close any branches or exit any markets in connection with this transaction. The Company estimates that the sale-leaseback transaction will result in an aggregate pre-tax gain of approximately $15 million, which is expected to be offset by realized losses from a planned repositioning of the Bank’s investment securities portfolio. The Bank intends to use available net proceeds to enhance liquidity, support future loan growth, and improve the Company's overall balance sheet flexibility and interest rate risk profile. The combined transactions are expected to be accretive to tangible book value per share and recurring earnings. Earnings call information The Company will host an earnings conference call at 9:00 a.m. ET on Thursday, October 29, 2026, to discuss the recent results and answer relevant questions. The conference call can be accessed by dialing 1-833-461-5787 and using the Conference ID: 588 312 883. A replay of the call will be available until Thursday, November 5, 2026. To listen to the replay, dial 1-833-309-1852 and enter the passcode 588 312 883. 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 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”); (vi) statements concerning the sale-leaseback transactions and investment securities portfolio repositioning, including their timing, expected proceeds, estimated gains and losses, accounting and tax treatment, intended use of proceeds, continued branch operations, and anticipated effects on earnings, liquidity,
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capital and tangible book value, and (vii) 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 pending 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 to relationships with customers, suppliers, employees or other business partners relationships; the risk that First Reliance’s business may not be successfully integrated 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.
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5 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, return on average tangible 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, pre-provision net revenue, operating pre-provision net revenue, fully tax-equivalent interest income and net interest income, and the related fully tax- equivalent yields, interest rate spread and net interest margin are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. Operating noninterest income and operating noninterest expense are compared with GAAP noninterest income and noninterest expense, respectively. Operating net income and operating earnings per diluted share are compared with GAAP net income and diluted earnings per share, respectively. Operating return on average assets and operating return on average equity are compared with the corresponding returns calculated using GAAP amounts. Return on average tangible equity and operating return on average tangible equity are compared with return on average equity calculated using GAAP amounts. Tangible book value per common share and tangible equity to tangible assets are compared with book value per common share and total equity to total assets, respectively. Operating efficiency ratio and operating net noninterest expense to average assets are compared with the corresponding unadjusted ratios calculated using GAAP amounts. Pre-provision net revenue and operating pre-provision net revenue are compared with GAAP net income, with income taxes and the provision for credit losses separately added back. Fully tax-equivalent measures are compared with the corresponding income measures or ratios calculated without the tax-equivalent adjustment. Operating noninterest income excludes loss on sales of securities, the tax-free gain related to the BOLI claim, and the insurance gain related to the branch building fire. Operating noninterest expense excludes acquisition-related expenses and loss related to wire fraud incident. Operating net income reflects the exclusion of acquisition-related expenses, loss on sales of securities, the tax-free gain related to the BOLI claim, the insurance gain related to the branch building fire and loss related to the wire fraud incident, together with the related tax effects. Operating returns use operating net income and the applicable average asset or equity denominator. Operating efficiency ratio is operating noninterest expense divided by the sum of net interest income and operating noninterest income. Operating net noninterest expense to average assets is calculated using operating noninterest expense less operating noninterest income, divided by average assets and annualized. Acquisition-related expenses include fees associated with acquisitions and vendor contract buyouts. Acquisition-related expenses were incurred in each period presented; their exclusion does not mean that such expenses are nonrecurring. Operating earnings per diluted share includes the adjustments to operating net income. Tangible book value per common share deducts goodwill and other intangible assets from common equity before dividing by period-end common shares. Tangible equity to tangible assets deducts goodwill and other intangible assets from both total equity and total assets. Return on average tangible equity and operating return on average tangible equity deduct average goodwill and other intangible assets from average equity. Pre- provision net revenue is calculated by adding noninterest income to net interest income before provision for credit losses, and subtracting noninterest expense. Operating pre-provision net revenue is calculated by adding operating noninterest income to net interest income before provision for credit losses, and subtracting operating 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. Operating income, expense, earnings and return measures help management and investors assess period-to-period results separately from the specifically identified adjustments. Tangible book value and tangible equity measures show equity after deducting goodwill and other intangible assets. Tangible return measures assess returns relative to the resulting tangible equity base. Pre-provision net revenue shows earnings before income taxes and the provision for credit losses; operating pre-provision net revenue also reflects the specified operating adjustments. Operating efficiency and net noninterest expense ratios show the relationship of adjusted expenses to adjusted revenues or average assets. Fully tax-equivalent measures facilitate comparison of taxable and tax-exempt earning assets. 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. Excluded expenses may recur, and pre-provision net revenue and operating pre-provision net revenue do not reflect credit costs or income taxes. 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, return on average tangible 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, pre-provision net revenue, operating pre-provision net revenue, fully tax-equivalent interest income and net interest income, and the related fully tax-equivalent yields, interest rate spread and net interest margin, and the reconciliation of these measures to their respective comparable GAAP measures or ratios calculated using GAAP amounts, as described above, are set forth in the tables below.
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6 Colony Bankcorp, Inc. Reconciliation of Non-GAAP Measures 2026 2025 Third Second First Fourth Third (dollars in thousands, except per share data) Quarter Quarter Quarter Quarter Quarter Operating noninterest income reconciliation Noninterest income (GAAP) $ 12,266 $ 12,158 $ 10,692 $ 11,047 $ 10,091 Tax-free gain related to BOLI claim — (706) — — — Insurance gain related to branch building fire (813) — — — — Loss on sales of securities 887 186 — — 1,039 Operating noninterest income $ 12,340 $ 11,638 $ 10,692 $ 11,047 $ 11,130 Operating noninterest expense reconciliation Noninterest expense (GAAP) $ 27,650 $ 26,431 $ 27,674 $ 25,709 $ 24,612 Acquisition-related expenses (1,210) (943) (1,637) (1,331) (732) Loss related to wire fraud incident — — — — (1,252) Operating noninterest expense $ 26,440 $ 25,488 $ 26,037 $ 24,378 $ 22,628 Operating net income reconciliation Net income (GAAP) $ 10,521 $ 10,857 $ 8,204 $ 7,843 $ 5,819 Acquisition-related expenses 1,210 943 1,637 1,331 732 Loss related to wire fraud incident — — — — 1,252 Tax-free gain related to BOLI claim — (706) — — — Insurance gain related to branch building fire (813) — — — — Loss on sales of securities 887 186 — — 1,039 Income tax benefit (246) (244) (356) (269) (612) Operating net income $ 11,559 $ 11,036 $ 9,485 $ 8,905 $ 8,230 Weighted average diluted shares 21,220,709 21,160,128 21,222,237 18,729,511 17,461,434 Operating earnings per diluted share $ 0.54 $ 0.52 $ 0.45 $ 0.48 $ 0.47 Operating return on average assets reconciliation Return on average assets (GAAP) 1.14% 1.18% 0.90% 0.93% 0.75% Acquisition-related expenses 0.13 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) — — — Insurance gain related to branch building fire (0.08) — — — — Loss on sales of securities 0.10 0.02 — — 0.13 Tax effect of adjustment items (0.03) (0.03) (0.04) (0.03) (0.08) Operating return on average assets 1.26% 1.20% 1.04% 1.05% 1.06% Operating return on average equity reconciliation Return on average equity (GAAP) 10.66% 11.33% 8.77% 9.49% 7.80% Acquisition-related expenses 1.22 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) — — — Insurance gain related to branch building fire (0.82) — — — — Loss on sales of securities 0.90 0.19 — — 1.39 Tax effect of adjustment items (0.25) (0.25) (0.38) (0.33) (0.82) Operating return on average equity 11.71% 11.51% 10.13% 10.78% 11.03% Return on average tangible equity reconciliation Return on average equity (GAAP) 10.66% 11.33% 8.77% 9.49% 7.80% Effect of goodwill and intangibles 2.31 2.53 2.03 2.14 1.76 Return on average tangible equity 12.97% 13.86% 10.80% 11.63% 9.56%
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7 Colony Bankcorp, Inc. Reconciliation of Non-GAAP Measures 2026 2025 Third Second First Fourth Third (dollars in thousands, except per share data) Quarter Quarter Quarter Quarter Quarter Operating return on average tangible equity reconciliation Return on average tangible equity 12.97% 13.86% 10.80% 11.63% 9.56% Acquisition-related expenses 1.49 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) — — — Insurance gain related to branch building fire (1.00) — — — — Loss on sales of securities 1.09 0.24 — — 1.71 Tax effect of adjustment items (0.30) (0.31) (0.47) (0.40) (1.01) Operating return on average tangible equity 14.25% 14.09% 12.49% 13.20% 13.52% Tangible book value per common share reconciliation Book value per common share (GAAP) $ 18.46 $ 18.43 $ 17.98 $ 17.69 $ 17.31 Effect of goodwill and other intangibles (3.31) (3.31) (3.33) (3.38) (3.11) Tangible book value per common share $ 15.16 $ 15.12 $ 14.65 $ 14.31 $ 14.20 Tangible equity to tangible assets reconciliation Equity to assets (GAAP) 10.74% 10.75% 10.22% 10.06% 9.59% Effect of goodwill and other intangibles (1.75) (1.76) (1.73) (1.76) (1.59) Tangible equity to tangible assets 8.99% 8.99% 8.49% 8.30% 8.00% Operating efficiency ratio calculation Efficiency ratio (GAAP) 64.84% 62.89% 69.37% 69.65% 75.06% Acquisition-related expenses (2.86) (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 — — — Insurance gain related to branch building fire 1.25 — — — — Loss on sales of securities (1.34) (0.29) — — (2.81) Operating efficiency ratio 61.89% 61.41% 65.27% 66.04% 66.89% Operating net noninterest expense(1) to average assets calculation Net noninterest expense to average assets 1.67% 1.55% 1.86% 1.73% 1.86% Acquisition-related expenses (0.13) (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 — — — Insurance gain related to branch building fire 0.09 — — — — Loss on sales of securities (0.10) (0.02) — — (0.13) Operating net noninterest expense to average assets 1.53% 1.51% 1.68% 1.58% 1.48% Pre-provision net revenue Net interest income before provision for credit losses$ 30,377 $ 29,869 $ 29,203 $ 25,865 $ 22,699 Noninterest income 12,266 12,158 10,692 11,047 10,091 Total income 42,643 42,027 39,895 36,912 32,790 Noninterest expense 27,650 26,431 27,674 25,709 24,612 Pre-provision net revenue $ 14,993 $ 15,596 $ 12,221 $ 11,203 $ 8,178 Operating pre-provision net revenue Net interest income before provision for credit losses$ 30,377 $ 29,869 $ 29,203 $ 25,865 $ 22,699 Operating noninterest income 12,340 11,638 10,692 11,047 11,130 Total operating income 42,717 41,507 39,895 36,912 33,829 Operating noninterest expense 26,440 25,488 26,037 24,378 22,628 Operating pre-provision net revenue $ 16,277 $ 16,019 $ 13,858 $ 12,534 $ 11,201 (1) Net noninterest expense is defined as noninterest expense less noninterest income.
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8 Colony Bankcorp, Inc. Selected Financial Information 2026 2025 Third Second First Fourth Third (dollars in thousands, except per share data) Quarter Quarter Quarter Quarter Quarter EARNINGS SUMMARY Net interest income $ 30,377 $ 29,869 $ 29,203 $ 25,865 $ 22,699 Provision for credit losses 1,650 1,900 1,750 1,650 900 Noninterest income 12,266 12,158 10,692 11,047 10,091 Noninterest expense 27,650 26,431 27,674 25,709 24,612 Income taxes 2,822 2,839 2,267 1,710 1,459 Net income $ 10,521 $ 10,857 $ 8,204 $ 7,843 $ 5,819 PER COMMON SHARE Common shares outstanding 21,220,148 21,158,353 21,162,104 21,251,695 17,461,284 Weighted average basic shares 21,220,709 21,160,128 21,222,237 18,729,511 17,461,434 Weighted average diluted shares 21,220,709 21,160,128 21,222,237 18,729,511 17,461,434 Earnings per basic share $ 0.50 $ 0.51 $ 0.39 $ 0.42 $ 0.33 Earnings per diluted share 0.50 0.51 0.39 0.42 0.33 Operating earnings per diluted share(b) 0.54 0.52 0.45 0.48 0.47 Cash dividends declared per share 0.1200 0.1200 0.1200 0.1150 0.1150 Common book value per share 18.46 18.43 17.98 17.69 17.31 Tangible book value per common share(b) 15.16 15.12 14.65 14.31 14.20 Pre-provision net revenue(b) 14,993 15,596 12,221 11,203 8,178 SELECTED PERFORMANCE RATIOS: Return on average assets 1.14% 1.18% 0.90% 0.93% 0.75% Return on average total equity 10.66 11.33 8.77 9.49 7.80 Return on average tangible equity (b) 12.97 13.86 10.80 11.63 9.56 Efficiency ratio 64.84 62.89 69.37 69.65 75.06 Net noninterest expense to average assets 1.67 1.55 1.86 1.73 1.86 Total equity to total assets 10.74 10.75 10.22 10.06 9.59 Tangible equity to tangible assets (b) 8.99 8.99 8.49 8.30 8.00 Net interest margin (a) 3.59 3.52 3.48 3.32 3.17 OPERATING SELECTED PERFORMANCE RATIOS: Operating return on average assets (b) 1.26% 1.20% 1.04% 1.05% 1.06% Operating return on average total equity (b) 11.71 11.51 10.13 10.78 11.03 Operating return on average tangible equity (b) 14.25 14.09 12.49 13.20 13.52 Operating efficiency ratio (b) 61.89 61.41 65.27 66.04 66.89 Operating net noninterest expense to average assets(b) 1.53 1.51 1.68 1.58 1.48
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9 Colony Bankcorp, Inc. Selected Financial Information 2026 2025 Third Second First Fourth Third (dollars in thousands, except per share data) Quarter Quarter Quarter Quarter Quarter ASSET QUALITY Nonperforming portfolio loans $ 15,446 $ 14,289 $ 12,619 $ 17,190 $ 9,082 Nonperforming SBA government loans-guaranteed portion 3,891 3,261 2,012 4,772 4,076 Nonperforming SBA government loans-unguaranteed portion 1,586 1,362 2,968 1,418 1,110 Loans 90 days past due and still accruing 162 71 178 95 98 Total nonperforming loans (NPLs) 21,085 18,983 17,777 23,475 14,366 Other real estate owned 3,647 1,829 1,873 1,048 710 Repossessed assets 271 129 205 190 160 Total nonperforming assets (NPAs) 25,003 20,941 19,855 24,713 15,236 Classified loans 53,890 33,626 39,225 40,481 24,183 Criticized loans 103,924 86,680 86,740 84,721 60,505 Net loan charge-offs (recoveries) 1,706 1,781 1,709 1,600 1,827 Allowance for credit losses to total loans 0.91% 0.89% 0.90% 0.97% 0.89% Allowance for credit losses to total NPLs 106.69 116.07 122.10 98.04 125.89 Allowance for credit losses to total NPAs 89.97 105.22 109.32 93.13 118.71 Net charge-offs (recoveries) to average loans, net 0.27 0.29 0.29 0.30 0.36 NPLs to total loans 0.85 0.77 0.74 0.99 0.71 NPAs to total assets 0.69 0.58 0.53 0.66 0.48 NPAs to total loans and foreclosed assets 1.01 0.85 0.82 1.04 0.75 ACTUAL BALANCES Total assets $ 3,647,919 $ 3,627,583 $ 3,720,613 $ 3,735,401 $ 3,152,746 Loans held for sale 28,143 24,218 16,536 78,990 19,286 Loans, net of unearned income 2,477,091 2,464,834 2,413,465 2,381,224 2,037,056 Deposits 2,957,680 2,972,176 3,048,419 3,067,521 2,584,329 Total stockholders’ equity 391,816 389,966 380,403 375,920 302,332 AVERAGE BALANCES Total assets $ 3,646,547 $ 3,685,038 $ 3,698,663 $ 3,357,785 $ 3,092,411 Loans held for sale 22,119 20,802 21,863 59,868 17,062 Loans, net of unearned income 2,484,665 2,432,676 2,399,971 2,148,729 2,024,153 Deposits 2,985,328 3,031,260 3,025,462 2,752,576 2,526,739 Total stockholders’ equity 391,586 384,514 379,582 327,830 296,027 (a) Computed using fully taxable-equivalent net interest income.(b) Non-GAAP measure - see “Explanation of Certain Unaudited Non-GAAP Financial Measures” for more information and reconciliation to GAAP.
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10 Colony Bankcorp, Inc. Average Balance Sheet and Net Interest Analysis Three Months Ended September 30, 2026 2025 Average Income/ Yields/ Average Income/ Yields/ (dollars in thousands) Balances Expense Rates Balances Expense Rates Assets Interest-earning assets: Loans held for sale $ 22,119 $ 419 7.52% $ 17,062 $ 256 5.96% Loans, net of unearned income 1 2,484,665 40,122 6.41 2,024,153 31,364 6.15 Investment securities, taxable 624,328 4,286 2.72 641,774 4,132 2.55 Investment securities, tax-exempt 2 93,444 484 2.05 92,498 489 2.10 Deposits in banks and short term investments 153,081 1,303 3.38 88,703 839 3.75 Total interest-earning assets 3,377,637 46,614 5.48% 2,864,190 37,080 5.14% Noninterest-earning assets 268,910 228,221 Total assets $ 3,646,547 $ 3,092,411 Liabilities and stockholders’ equity Interest-bearing liabilities: Interest-bearing demand and savings$ 1,666,871 6,259 1.49% $ 1,479,499 5,999 1.61% Other time 848,955 7,157 3.34 620,141 5,333 3.41 Total interest-bearing deposits 2,515,826 13,416 2.12 2,099,640 11,332 2.14 Federal Home Loan Bank advances 170,326 1,769 4.12 185,000 1,909 4.09 Other borrowings 63,190 899 5.64 64,834 952 5.83 Total other interest-bearing liabilities 233,516 2,668 4.53 249,834 2,861 4.54 Total interest-bearing liabilities 2,749,342 16,084 2.32% 2,349,474 14,193 2.40% Noninterest-bearing liabilities: Demand deposits 469,502 427,100 Other liabilities 36,117 19,810 Stockholders’ equity 391,586 296,027 Total noninterest-bearing liabilities and stockholders’ equity 897,205 742,937 Total liabilities and stockholders’ equity $ 3,646,547 $ 3,092,411 Interest rate spread 3.15% 2.74% Net interest income $ 30,530 $ 22,887 Net interest margin 3.59% 3.17% 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 $52,000 and $102,000 for the three months ended September 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 September 30, 2026 and 2025, respectively, are also included in income and fees on loans. 2 Taxable-equivalent adjustments totaling $383,000 and $103,000 for the three months ended September 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in tax-exempt interest on investment securities.
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11 Nine Months Ended September 30, 2026 2025 Average Income/ Yields/ Average Income/ Yields/ (dollars in thousands) Balances Expense Rates Balances Expense Rates Assets Interest-earning assets: Loans held for sale $ 21,596 $ 1,240 7.68% $ 20,914 $ 910 5.81% Loans, net of unearned income 3 2,439,414 116,491 6.38 1,951,785 89,218 6.11 Investment securities, taxable 646,245 13,275 2.75 683,243 13,726 2.69 Investment securities, tax-exempt 4 93,986 1,460 2.08 93,313 1,475 2.11 Deposits in banks and short term investments 205,148 5,125 3.34 150,328 4,487 3.99 Total interest-earning assets 3,406,389 137,591 5.40% 2,899,583 109,816 5.06% Noninterest-earning assets 270,170 226,827 Total assets $ 3,676,559 $ 3,126,410 Liabilities and stockholders’ equity Interest-bearing liabilities: Interest-bearing demand and savings$ 1,700,995 18,376 1.44% $ 1,519,282 18,777 1.65% Other time 835,394 21,091 3.38 612,521 15,960 3.48 Total interest-bearing deposits 2,536,389 39,467 2.08 2,131,803 34,737 2.18 Federal Home Loan Bank advances 178,810 5,537 4.14 185,000 5,671 4.10 Other borrowings 63,165 2,679 5.67 63,658 2,808 5.90 Total other interest-bearing liabilities 241,975 8,216 4.54 248,658 8,479 4.56 Total interest-bearing liabilities 2,778,364 47,683 2.29% 2,380,461 43,216 2.43% Noninterest-bearing liabilities: Demand deposits 477,482 441,259 Other liabilities 35,442 17,325 Stockholders’ equity 385,271 287,365 Total noninterest-bearing liabilities and stockholders’ equity 898,195 745,949 Total liabilities and stockholders’ equity $ 3,676,559 $ 3,126,410 Interest rate spread 3.11 % 2.63% Net interest income $ 89,908 $ 66,600 Net interest margin 3.53% 3.07% 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 $576,000 and $170,000 for the nine months ended September 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 $3.5 million and $36,000 for the nine months ended September 30, 2026 and 2025, respectively, are also included in income and fees on loans. 4 Taxable-equivalent adjustments totaling $1.2 million and $207,000 for the nine months ended September 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in tax-exempt interest on investment securities.
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12 Colony Bankcorp, Inc. Segment Reporting 2026 2025 Third Second First Fourth Third (dollars in thousands) Quarter Quarter Quarter Quarter Quarter Banking Division Net interest income $ 29,182 $ 28,435 $ 28,223 $ 24,781 $ 21,629 Provision for credit losses 1,003 801 780 776 (371) Noninterest income 8,336 8,777 7,131 6,996 6,144 Noninterest expenses 23,602 23,335 24,420 22,502 21,075 Income taxes 2,721 2,703 2,194 1,493 1,413 Net income $ 10,192 $ 10,373 $ 7,960 $ 7,006 $ 5,656 Total assets $ 3,535,910 $ 3,521,331 $ 3,619,249 $ 3,625,785 $ 3,046,699 Full time employees 438 441 426 447 383 Mortgage Banking Division Net interest income $ 59 $ 78 $ 38 $ 65 $ 62 Provision for credit losses — — — — — Noninterest income 2,063 2,182 1,886 2,012 1,851 Noninterest expenses 2,196 1,828 1,702 1,695 2,066 Income taxes (16) 95 52 81 (27) Net income (loss) $ (58) $ 337 $ 170 $ 301 $ (126) Total assets $ 11,777 $ 15,077 $ 12,036 $ 13,648 $ 12,959 Variable noninterest expense(1) $ 1,000 $ 659 $ 597 $ 984 $ 1,229 Fixed noninterest expense $ 1,196 $ 1,169 $ 1,105 $ 711 $ 837 Full time employees 53 53 48 48 46 Small Business Specialty Lending Division Net interest income $ 1,136 $ 1,356 $ 942 $ 1,019 $ 1,008 Provision for credit losses 647 1,099 970 874 1,271 Noninterest income 1,867 1,199 1,675 2,039 2,096 Noninterest expenses 1,852 1,268 1,552 1,512 1,471 Income taxes 117 41 21 136 73 Net income $ 387 $ 147 $ 74 $ 536 $ 289 Total assets $ 100,232 $ 91,175 $ 89,328 $ 95,968 $ 93,088 Full time employees 34 34 32 31 31 Total Consolidated Net interest income $ 30,377 $ 29,869 $ 29,203 $ 25,865 $ 22,699 Provision for credit losses 1,650 1,900 1,750 1,650 900 Noninterest income 12,266 12,158 10,692 11,047 10,091 Noninterest expenses 27,650 26,431 27,674 25,709 24,612 Income taxes 2,822 2,839 2,267 1,710 1,459 Net income $ 10,521 $ 10,857 $ 8,204 $ 7,843 $ 5,819 Total assets $ 3,647,919 $ 3,627,583 $ 3,720,613 $ 3,735,401 $ 3,152,746 Full time employees 525 528 506 526 460 (1) Variable noninterest expense includes commission based salary expenses and volume based loan related fees.
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13 Colony Bankcorp, Inc. Consolidated Balance Sheets September 30, 2026 December 31, 2025 (dollars in thousands) (unaudited) (audited) ASSETS Cash and due from banks $ 27,938 $ 27,307 Interest-bearing deposits in banks and federal funds sold 161,370 230,333 Cash and cash equivalents 189,308 257,640 Investment securities available for sale, at fair value 341,342 383,817 Investment securities held to maturity, at amortized cost 361,870 386,618 Other investments 18,878 19,176 Loans held for sale 28,143 78,990 Loans, net of unearned income 2,477,091 2,381,224 Allowance for credit losses (22,495) (23,014) Loans, net 2,454,596 2,358,210 Premises and equipment 38,567 37,045 Other real estate owned 3,647 1,048 Goodwill 63,622 63,873 Other intangible assets 6,586 7,851 Bank owned life insurance 69,181 68,457 Deferred income taxes, net 19,820 19,582 Other assets 52,359 53,094 Total assets $ 3,647,919$ 3,735,401 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities: Deposits: Noninterest-bearing $ 457,225 $ 526,803 Interest-bearing 2,500,455 2,540,718 Total deposits 2,957,680 3,067,521 Federal Home Loan Bank advances 199,997 194,972 Other borrowed money 63,203 63,132 Accrued expenses and other liabilities 35,222 33,856 Total liabilities 3,256,103 3,359,481 Stockholders’ equity Common stock, $1 par value; 50,000,000 shares authorized, 21,220,148 and 21,251,695 issued and outstanding, respectively 21,220 21,252 Paid in capital 227,196 228,577 Retained earnings 182,535 160,584 Accumulated other comprehensive loss, net of tax (39,135) (34,493) Total stockholders’ equity 391,816 375,920 Total liabilities and stockholders’ equity $ 3,647,919$ 3,735,401
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14 Colony Bankcorp, Inc. Consolidated Statements of Income (unaudited) Three months ended September 30, Nine months ended September 30, 2026 2025 2026 2025 (dollars in thousands, except per share data) Interest income: Loans, including fees $ 40,489 $ 31,535 $ 117,578 $ 89,872 Investment securities 4,669 4,518 14,428 14,893 Deposits in banks and short term investments 1,303 839 5,125 4,487 Total interest income 46,461 36,892 137,131 109,252 Interest expense: Deposits 13,416 11,332 39,467 34,737 Federal Home Loan Bank advances 1,769 1,909 5,537 5,671 Other borrowings 899 952 2,679 2,808 Total interest expense 16,084 14,193 47,683 43,216 Net interest income 30,377 22,699 89,448 66,036 Provision for credit losses 1,650 900 5,300 2,850 Net interest income after provision for credit losses 28,727 21,799 84,148 63,186 Noninterest income: Service charges on deposits 2,756 2,640 7,878 7,031 Mortgage fee income 2,041 1,851 6,117 5,414 Gain on sales of SBA loans 1,133 1,411 2,601 3,996 Other SBA income 734 686 2,140 1,937 Loss on sales of securities (887) (1,039) (1,073) (1,039) Interchange fees 2,529 2,273 7,115 6,284 BOLI income 488 396 2,182 1,215 Insurance commissions 866 874 2,632 2,109 Other 2,606 999 5,525 2,286 Total noninterest income 12,266 10,091 35,117 29,233 Noninterest expense: Salaries and employee benefits 15,883 13,532 47,345 38,302 Occupancy and equipment 2,099 1,732 6,166 4,995 Acquisition related 1,210 732 3,790 732 Information technology expenses 2,783 2,680 8,458 7,749 Professional fees 869 998 2,928 2,488 Advertising and public relations 1,026 1,130 3,115 2,877 Communications 232 218 692 611 Other 3,548 3,590 9,262 9,083 Total noninterest expense 27,650 24,612 81,756 66,837 Income before income taxes 13,343 7,278 37,509 25,582 Income taxes 2,822 1,459 7,927 5,172 Net income $ 10,521 $ 5,819 $ 29,582 $ 20,410 Earnings per common share: Basic $ 0.50 $ 0.33 $ 1.40 $ 1.17 Diluted 0.50 0.33 1.40 1.17 Dividends declared per share 0.1200 0.1150 0.3600 0.3450 Weighted average common shares outstanding: Basic 21,220,709 17,461,434 21,201,019 17,472,972 Diluted 21,220,709 17,461,434 21,201,019 17,472,972
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15 Colony Bankcorp, Inc. Quarterly Consolidated Statements of Income 2026 2025 Third Second First Fourth Third Quarter Quarter Quarter Quarter Quarter (dollars in thousands, except per share data) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) Interest income: Loans, including fees $ 40,489 $ 39,114 $ 37,974 $ 34,461 $ 31,535 Investment securities 4,669 4,837 4,923 4,543 4,518 Deposits in banks and short term investments 1,303 1,830 1,993 1,696 839 Total interest income 46,461 45,781 44,890 40,700 36,892 Interest expense: Deposits 13,416 13,237 12,814 11,973 11,332 Federal Home Loan Bank advances 1,769 1,784 1,985 1,947 1,909 Other borrowings 899 891 888 915 952 Total interest expense 16,084 15,912 15,687 14,835 14,193 Net interest income 30,377 29,869 29,203 25,865 22,699 Provision for credit losses 1,650 1,900 1,750 1,650 900 Net interest income after provision for credit losses 28,727 27,969 27,453 24,215 21,799 Noninterest income: Service charges on deposits 2,756 2,561 2,561 2,664 2,640 Mortgage fee income 2,041 2,141 1,935 2,121 1,851 Gain on sales of SBA loans 1,133 506 962 1,376 1,411 Other SBA income 734 692 714 663 686 Loss on sales of securities (887) (186) — — (1,039) Interchange fees 2,529 2,400 2,186 2,154 2,273 BOLI income 488 1,217 477 577 396 Insurance commissions 866 922 844 755 874 Other 2,606 1,905 1,013 737 999 Total noninterest income 12,266 12,158 10,692 11,047 10,091 Noninterest expense: Salaries and employee benefits 15,883 15,539 15,923 14,115 13,532 Occupancy and equipment 2,099 2,109 1,957 1,758 1,732 Acquisition related 1,210 943 1,637 1,331 732 Information technology expenses 2,783 2,902 2,774 2,903 2,680 Professional fees 869 939 1,120 1,019 998 Advertising and public relations 1,026 982 1,106 1,402 1,130 Communications 232 235 224 194 218 Other 3,548 2,782 2,933 2,987 3,590 Total noninterest expense 27,650 26,431 27,674 25,709 24,612 Income before income taxes 13,343 13,696 10,471 9,553 7,278 Income taxes 2,822 2,839 2,267 1,710 1,459 Net income $ 10,521 $ 10,857 $ 8,204 $ 7,843 $ 5,819 Earnings per common share: Basic $ 0.50 $ 0.51 $ 0.39 $ 0.42 $ 0.33 Diluted 0.50 0.51 0.39 0.42 0.33 Dividends declared per share 0.1200 0.1200 0.1200 0.1150 0.1150 Weighted average common shares outstanding: Basic 21,220,709 21,160,128 21,222,237 18,729,511 17,461,434 Diluted 21,220,709 21,160,128 21,222,237 18,729,511 17,461,434
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16 Colony Bankcorp, Inc. Quarterly Deposits Composition Comparison 2026 2025 Third Second First Fourth Third (dollars in thousands) Quarter Quarter Quarter Quarter Quarter Noninterest-bearing demand $ 457,225 $ 464,062 $ 495,234 $ 526,803 $ 442,142 Interest-bearing demand 856,397 900,546 927,768 932,262 811,031 Savings and money markets 794,984 779,890 806,434 787,811 644,312 Time over $250,000 279,925 264,968 237,311 239,175 192,545 Other time 569,149 562,710 581,672 581,470 494,299 Total $ 2,957,680 $ 2,972,176 $ 3,048,419 $ 3,067,521 $ 2,584,329 Colony Bankcorp, Inc. Quarterly Deposits by Location Comparison 2026 2025 Third Second First Fourth Third(dollars in thousands) Quarter Quarter Quarter Quarter Quarter Augusta $ 35,767 $ 29,688 $ 22,496 $ 18,387 $ — Florida 184,267 171,594 167,406 157,056 — Coastal Georgia 139,218 136,189 129,957 141,013 127,587 Middle Georgia 259,583 257,035 266,574 262,075 259,934 Atlanta and North Georgia 303,830 305,149 311,159 335,762 315,822 South Georgia 1,329,474 1,382,532 1,421,164 1,431,775 1,205,891 West Georgia 320,591 311,776 328,077 326,054 341,056 Brokered deposits 132,918 123,512 136,894 131,906 130,000 Reciprocal deposits 252,032 254,701 264,692 263,493 204,039 Total $ 2,957,680 $ 2,972,176 $ 3,048,419 $ 3,067,521 $ 2,584,329 Colony Bankcorp, Inc. Quarterly Loan Comparison 2026 2025 Third Second First Fourth Third(dollars in thousands) Quarter Quarter Quarter Quarter Quarter Core $ 2,048,239 $ 2,011,354 $ 1,940,583 $ 1,885,200 $ 1,935,648 Purchased 428,852 453,480 472,882 496,024 101,408 Loans, net of unearned income $ 2,477,091 $ 2,464,834 $ 2,413,465 $ 2,381,224 $ 2,037,056 Colony Bankcorp, Inc. Quarterly Loans by Composition Comparison 2026 2025 Third Second First Fourth Third (dollars in thousands) Quarter Quarter Quarter Quarter Quarter Construction, land & land development $ 295,329 $ 285,508 $ 309,161 $ 302,512 $ 240,819 Other commercial real estate 1,257,851 1,272,574 1,240,210 1,249,720 1,064,984 Total commercial real estate 1,553,180 1,558,082 1,549,371 1,552,232 1,305,803 Residential real estate 508,483 499,015 483,247 459,549 377,058 Commercial, financial & agricultural 225,751 230,364 220,933 218,532 213,274 Consumer and other 189,677 177,373 159,914 150,911 140,921 Loans, net of unearned income $ 2,477,091 $ 2,464,834 $ 2,413,465 $ 2,381,224 $ 2,037,056
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17 Colony Bankcorp, Inc. Quarterly Loans by Location Comparison 2026 2025 Third Second First Fourth Third (dollars in thousands) Quarter Quarter Quarter Quarter Quarter Alabama $ 43,886 $ 49,410 $ 49,546 $ 47,971 $ 48,351 Florida 239,088 243,326 238,262 236,810 26,061 Augusta 89,489 85,593 84,548 85,072 92,988 Coastal Georgia 353,139 354,035 355,350 358,271 263,763 Middle Georgia 112,767 113,706 115,385 121,276 120,601 Atlanta and North Georgia 425,377 445,409 455,197 456,593 463,007 South Georgia 538,751 523,424 512,651 462,085 403,192 West Georgia 199,663 202,800 186,661 174,626 172,688 Small Business Specialty Lending 82,090 80,864 83,288 84,928 84,999 Consumer Portfolio Mortgages 275,439 258,769 236,984 263,385 270,941 Marine/RV Lending 116,784 106,823 94,775 88,852 88,968 Other 618 675 818 1,355 1,497 Loans, net of unearned income $ 2,477,091 $ 2,464,834 $ 2,413,465 $ 2,381,224 $ 2,037,056 Colony Bankcorp, Inc. Classified Loans 2026 2025 Third Second First Fourth Third(dollars in thousands) Quarter Quarter Quarter Quarter Quarter $ # $ # $ # $ # $ # Construction, land & land development $ 16,190 11 $ 381 12 $ 214 8 $ 1,438 10 $ 1,644 8 Other commercial real estate 27,645 55 19,868 45 23,966 52 22,871 52 12,973 45 Residential real estate 4,017 88 5,870 91 6,160 95 6,115 92 1,503 75 Commercial, financial & agricultural 5,754 80 7,166 90 8,655 107 9,857 109 7,947 90 Consumer and other 284 42 341 40 230 32 200 34 116 27 TOTAL $ 53,890 276 $ 33,626 278 $ 39,225 294 $ 40,481 297 $ 24,183 245 Classified loans to total loans 2.18% 1.36% 1.63% 1.70% 1.19%
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18 Colony Bankcorp, Inc. Criticized Loans 2026 2025 Third Second First Fourth Third(dollars in thousands) Quarter Quarter Quarter Quarter Quarter $ # $ # $ # $ # $ # Construction, land & land development $ 22,393 35 $ 6,352 36 $ 6,574 34 $ 17,605 13 $ 14,393 12 Other commercial real estate 64,235 73 58,023 71 54,522 69 40,073 71 24,934 60 Residential real estate 8,479 92 10,525 96 12,522 103 11,515 99 6,528 81 Commercial, financial & agricultural 8,533 109 11,439 97 12,892 114 15,197 120 14,403 99 Consumer and other 284 42 341 40 230 32 331 35 247 28 TOTAL $ 103,924 351 $ 86,680 340 $ 86,740 352 $ 84,721 338 $ 60,505 280 Criticized loans to total loans 4.20% 3.52% 3.59% 3.56% 2.97% Colony Bankcorp, Inc. Quarterly Net Charge Offs to Average Loans by Composition 2026 2025 Third Second First Fourth Third Quarter Quarter Quarter Quarter Quarter Construction, land & land development - % (0.01)% - % - % - % Other commercial real estate 0.02 0.08 0.08 (0.04) 0.05 Residential real estate - - 0.01 (0.01) (0.01) Commercial, financial & agricultural 0.18 0.10 0.12 0.22 0.24 Consumer and other 0.07 0.12 0.08 0.13 0.08 Loans, net of unearned income 0.27% 0.29% 0.29% 0.30% 0.36%