Colony Bankcorp Reports Fourth Quarter 2025 Results Increases Quarterly Cash Dividend to $0.12 Per Share

Colony Bankcorp Reports Fourth Quarter 2025 Results Increases Quarterly Cash Dividend to $0.12 Per Share Colony Bankcorp, Inc. (NYSE: CBAN) (“Colony” or the “Company”) today reported financial results for the fourth quarter of 2025. Financial highlights are shown below. Financial Highlights: Net income was $7.8 million, or $0.42 per diluted share, for the fourth quarter of 2025, compared to $5.8 million, or $0.33 per diluted share, for the third quarter of 2025, and $7.4 million, or $0.42 per diluted share, for the fourth quarter of 2024.Operating net income was $8.9 million, or $0.48 of adjusted earnings per diluted share, for the fourth quarter of 2025, compared to $8.2 million, or $0.47 of adjusted earnings per diluted share, for the third quarter of 2025, and $7.8 million, or $0.44 of adjusted earnings per diluted share, for the fourth quarter of 2024. (See Reconciliation of Non-GAAP Measures).Provision for credit losses of $1.65 million was recorded in the fourth quarter of 2025 compared to $900,000 in the third quarter of 2025, and $650,000 in the fourth quarter of 2024.Total loans, excluding loans held for sale, were $2.38 billion at December 31, 2025, an increase of $344.2 million, or 16.90%, from the prior quarter. Organic loan growth was 10.5% when compared to December 31, 2024 and flat compared to the prior quarter.Total deposits were $3.07 billion and $2.58 billion at December 31, 2025 and September 30, 2025, respectively, an increase of $483.2 million. Organic deposit growth, excluding wholesale deposits, was flat for the year and $24.3 million in the fourth quarter.Mortgage production was $89.5 million, and mortgage sales totaled $68.1 million in the fourth quarter of 2025 compared to $87.3 million and $65.1 million, respectively, for the third quarter of 2025.Small Business Specialty Lending (“SBSL”) closed $29.1 million in Small Business Administration (“SBA”) loans and sold $16.8 million in SBA loans in the fourth quarter of 2025 compared to $28.4 million and $18.2 million, respectively, for the third quarter of 2025. The Company also announced that on January 28, 2026, the Board of Directors declared a quarterly cash dividend of $0.12 per share, to be paid on its common stock on February 25, 2026, to shareholders of record as of the close of business on February 11, 2026. The Company had 21,251,424 shares of its common stock outstanding as of January 26, 2026. “We are pleased to deliver another consecutive quarter of improved performance and a strong finish to 2025. The discipline and effort demonstrated by our team continue to translate into solid results and steady progress toward our long-term goals,” said Heath Fountain, Chief Executive Officer. “Our results this quarter reflect the effectiveness of our strategic execution across the organization and our ability to carry that momentum into 2026.” “We are also proud to have completed the merger with TC Federal, a significant milestone that advances our growth and expands what we can achieve together as a combined institution. We welcome our new team members and expect the planned systems conversion to fully integrate customers in the first quarter. “Margin continues to expand at a steady pace and we are well positioned to see that continue over the next year. Credit quality remains stable overall, despite some quarter-to-quarter variability in the fourth quarter. The portfolio continues to reflect solid fundamentals, and we remain focused on maintaining strong credit discipline. Additionally, fourth quarter noninterest income performed well compared to the same quarter in the prior year, reflecting strength in our diversified revenue streams. “The year ahead presents tremendous opportunities for growth and progress. We are energized by the potential to build on our accomplishments, further strengthen our business, and make a positive impact for our customers and communities.” Balance Sheet Total assets were $3.74 billion at December 31, 2025, an increase of $582.7 million from September 30, 2025.Total loans, excluding loans held for sale, were $2.38 billion at December 31, 2025, an increase of $344.2 million from September 30, 2025.Total deposits were $3.07 billion and $2.58 billion at December 31, 2025 and September 30, 2025, respectively, an increase of $483.2 million. Increases were seen in interest-bearing demand deposits of $121.2 million, savings and money market deposits of $143.5 million and time deposits of $133.8 million, from September 30, 2025 to December 31, 2025. Total deposits increased $499.6 million from the period ended December 31, 2024, with increases seen in interest-bearing demand deposits of $118.5 million, savings and money market deposits of $100.2 million and time deposits of $216.4 million.The primary driver of increases in assets, loans held for investment, and deposits was the acquisition of TC Bancshares, Inc. (“TC Federal”) which closed on December 1, 2025.Total borrowings at December 31, 2025 totaled $258.1 million, an increase of $10.0 million compared to September 30, 2025. Capital Colony continues to maintain a strong capital position, with ratios that exceed regulatory minimums required to be considered as “well-capitalized.”Under the Company’s approved stock repurchase program, a total of 46,973 shares of the Company common stock were repurchased during the fourth quarter of 2025 at an average price of $16.50 per share and a total value of $775,064 thousand.Preliminary tier one leverage ratio, tier one capital ratio, total risk-based capital ratio and common equity tier one capital ratio were 10.78%, 13.60%, 15.95%, and 12.68%, respectively, at December 31, 2025. Fourth Quarter and Full Year 2025 Results of Operations Net interest income, on a tax-equivalent basis, totaled $26.0 million for the fourth quarter ended December 31, 2025 compared to $20.6 million for the same period in 2024. Net interest income, on a tax-equivalent basis, for the twelve months ended December 31, 2025 totaled $92.6 million, compared to $76.8 million for the twelve months ended December 31, 2024. For both periods, increases occurred in income on interest earning assets, and decreases were seen in interest bearing liabilities. Income on interest earning assets increased $4.7 million to $40.9 million for the fourth quarter of 2025 compared to the same period in 2024. Expense on interest bearing liabilities decreased $684,000 to $14.8 million for the fourth quarter of 2025 compared to the same period in 2024. Income on interest earning assets increased $12.8 million to $150.7 million for the twelve month period ended December 31, 2025 compared to the same period in 2024. Expense on interest bearing liabilities decreased $3.1 million, to $58.1 million for the twelve month period ended December 31, 2025 compared to the same period in 2024.Net interest margin for the fourth quarter of 2025 was 3.32% compared to 2.84% for the fourth quarter of 2024. Net interest margin was 3.14% for the twelve months ended December 31, 2025 compared to 2.72% for the twelve months ended December 31, 2024. The increase for both periods was primarily related to increases in interest earning assets period over period, partially offset by the rate decreases in interest bearing liabilities.Noninterest income totaled $11.0 million for the fourth quarter ended December 31, 2025, an increase of $738,000, or 7.16%, compared to the same period in 2024. Noninterest income totaled $40.3 million for the twelve months ended December 31, 2025, an increase of $905,000, or 2.30%, compared to the same period in 2024. Increases for both periods occurred in service charges on deposits, mortgage fee income, interchange fees, insurance commissions, decreases in losses on the sales of investment securities and an increase in wealth advisor income included in other noninterest income, partially offset by decreases in gains on sales of SBA loans.Noninterest expense totaled $25.7 million for the fourth quarter ended December 31, 2025, compared to $21.3 million for the same period in 2024. Noninterest expense totaled $92.5 million for the twelve months ended December 31, 2025, compared to $82.8 million for the same period in 2024. These increases were a result of increases in salaries and employee benefits, occupancy and equipment, information technology expenses, professional fees, acquisition related expenses related to the acquisition of TC Bancshares, Inc. and a loss related to a wire fraud incident included in other noninterest expense. Asset Quality Nonperforming assets totaled $24.7 million and $15.2 million at December 31, 2025 and September 30, 2025, respectively, an increase of $9.5 million which includes additions from the TC Federal acquisition.Other real estate owned and repossessed assets totaled $1.2 million at December 31, 2025 and $870,000 at September 30, 2025.Net loans charged-off were $1.6 million, or 0.30% of average loans for the fourth quarter of 2025, compared to $1.8 million, or 0.36% for the third quarter of 2025.The credit loss reserve was $23.0 million, or 0.97% of total loans, at December 31, 2025, compared to $18.1 million, or 0.89% of total loans at September 30, 2025. The Company adopted ASU 2025-08 during the fourth quarter of 2025. The adoption permits the recognition of an initial allowance for credit losses on all loans acquired from TC Federal Bank following the merger. The estimated initial allowance for credit losses related to the TC Federal Bank acquired loan portfolio was $4.6 million. Earnings call information The Company will host an earnings conference call at 9:00 a.m. ET on Thursday, January 29, 2026, to discuss the recent results and answer relevant questions. The conference call can be accessed by dialing 1-800-549-8228 and using the Conference ID: 10460. A replay of the call will be available until Thursday, February 5, 2026. To listen to the replay, dial 1-888-660-6264 and entering the passcode 10460#. 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; Tallahassee, Florida; and the Florida Panhandle. Colony Bank offers a range of banking solutions for personal and business customers. In addition to traditional banking services, Colony provides specialized solutions including mortgage lending, government guaranteed lending, consumer insurance, wealth management, credit cards and merchant services. Colony’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 completed acquisition of TC Bancshares, Inc. (“TC Bancshares”) (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 prolonged elevated 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; risks arising from perceived instability in 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 from fintech companies; 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; the effects of war or other conflicts, including civil unrest; 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 TC Bancshares’ business into the Company; the reaction of each of the Company’s and TC Bancshares’ customers, suppliers, employees or other business partners to the Merger; the risk that the integration of TC Bancshares’ 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, 2024, 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. Explanation of Certain Unaudited Non-GAAP Financial Measures The measures entitled operating noninterest income, operating noninterest expense, operating net income, adjusted earnings per diluted share, operating return on average assets, operating return on average 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 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. Adjusted earnings per diluted share includes the adjustments to operating net income. Tangible book value per common share and tangible equity to tangible assets exclude goodwill and other intangibles from book value per common share and total equity to total assets, 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, adjusted earnings per diluted share, operating return on average assets, operating return on average 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 2025 2024 (dollars in thousands, except per share data) Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter Operating noninterest income reconciliation Noninterest income (GAAP) $ 11,047 $ 10,091 $ 10,098 $ 9,044 $ 10,309 Loss on sales of securities — 1,039 — — 401 Operating noninterest income $ 11,047 $ 11,130 $ 10,098 $ 9,044 $ 10,710 Operating noninterest expense reconciliation Noninterest expense (GAAP) $ 25,709 $ 24,612 $ 22,004 $ 20,221 $ 21,272 Severance costs — — — — — Acquisition-related expenses (1,331 ) (732 ) — — — Loss related to wire fraud incident — (1,252 ) — — — Operating noninterest expense $ 24,378 $ 22,628 $ 22,004 $ 20,221 $ 21,272 Operating net income reconciliation Net income (GAAP) $ 7,843 $ 5,819 $ 7,978 $ 6,613 $ 7,432 Severance costs — — — — — Acquisition-related expenses 1,331 732 — — — Loss related to wire fraud incident — 1,252 — — — Loss on sales of securities — 1,039 — — 401 Income tax benefit (269 ) (612 ) — — (77 ) Operating net income $ 8,905 $ 8,230 $ 7,978 $ 6,613 $ 7,756 Weighted average diluted shares 18,729,511 17,461,434 17,448,945 17,509,059 17,531,808 Adjusted earnings per diluted share $ 0.48 $ 0.47 $ 0.46 $ 0.38 $ 0.44 Operating return on average assets reconciliation Return on average assets (GAAP) 0.93 % 0.75 % 1.02 % 0.85 % 0.95 % Severance costs — — — — — Acquisition-related expenses 0.15 0.10 — — — Loss related to wire fraud incident — 0.16 — — — Loss on sales of securities — 0.13 — — 0.05 Tax effect of adjustment items (0.03 ) (0.08 ) — — (0.01 ) Operating return on average assets 1.05 % 1.06 % 1.02 % 0.85 % 0.99 % Operating return on average equity reconciliation Return on average equity (GAAP) 9.49 % 7.80 % 11.14 % 9.63 % 10.71 % Severance costs — — — — — Acquisition-related expenses 1.62 0.98 — — — Loss related to wire fraud incident — 1.68 — — — Loss on sales of securities — 1.39 — — 0.58 Tax effect of adjustment items (0.33 ) (0.82 ) — — (0.11 ) Operating return on average equity 10.78 % 11.03 % 11.14 % 9.63 % 11.18 % Operating return on average tangible equity reconciliation Return on average tangible equity 11.63 % 9.56 % 13.70 % 11.83 % 13.16 % Acquisition-related expenses 1.97 1.20 — — — Loss related to wire fraud incident — 2.06 — — — Loss on sales of securities — 1.71 — — 0.71 Tax effect of adjustment items (0.40 ) (1.01 ) — — (0.14 ) Operating return on average tangible equity 13.20 % 13.52 % 13.70 % 11.83 % 13.74 % Tangible book value per common share reconciliation Book value per common share (GAAP) $ 17.69 $ 17.31 $ 16.87 $ 16.41 $ 15.91 Effect of goodwill and other intangibles (3.38 ) (3.11 ) (3.14 ) (2.95 ) (2.96 ) Tangible book value per common share $ 14.31 $ 14.20 $ 13.73 $ 13.46 $ 12.95 Tangible equity to tangible assets reconciliation Equity to assets (GAAP) 10.06 % 9.59 % 9.43 % 9.05 % 8.96 % Effect of goodwill and other intangibles (1.76 ) (1.59 ) (1.62 ) (1.51 ) (1.54 ) Tangible equity to tangible assets 8.30 % 8.00 % 7.81 % 7.54 % 7.42 % Operating efficiency ratio calculation Efficiency ratio (GAAP) 69.65 % 75.06 % 67.74 % 67.41 % 69.11 % Severance costs — — — — — Acquisition-related expenses (3.61 ) (1.98 ) — — — Loss related to wire fraud incident — (3.38 ) — — — Loss on sales of securities — (2.81 ) — — (1.31 ) Operating efficiency ratio 66.04 % 66.89 % 67.74 % 67.41 % 67.80 % Operating net noninterest expense(1) to average assets calculation Net noninterest expense to average assets 1.73 % 1.86 % 1.52 % 1.44 % 1.40 % Severance costs — — — — — Acquisition-related expenses (0.15 ) (0.09 ) — — — Loss related to wire fraud incident — (0.16 ) — — — Loss on sales of securities — (0.13 ) — — (0.05 ) Operating net noninterest expense to average assets 1.58 % 1.48 % 1.52 % 1.44 % 1.35 % Pre-provision net revenue Net interest income before provision for credit losses $ 25,865 $ 22,699 $ 22,385 $ 20,952 $ 20,472 Noninterest income 11,047 10,091 10,098 9,044 10,309 Total income 36,912 32,790 32,483 29,996 30,781 Noninterest expense 25,709 24,612 22,004 20,221 21,272 Pre-provision net revenue $ 11,203 $ 8,178 $ 10,479 $ 9,775 $ 9,509 Operating pre-provision net revenue Net interest income before provision for credit losses $ 25,865 $ 22,699 $ 22,385 $ 20,952 $ 20,472 Operating noninterest income 11,047 11,130 10,098 9,044 10,710 Total operating income 36,912 33,829 32,483 29,996 31,182 Operating noninterest expense 24,378 22,628 22,004 20,221 21,272 Operating pre-provision net revenue $ 12,534 $ 11,201 $ 10,479 $ 9,775 $ 9,910 (1) Net noninterest expense is defined as noninterest expense less noninterest income. Colony Bankcorp, Inc. Selected Financial Information 2025 2024 (dollars in thousands, except per share data) Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter EARNINGS SUMMARY Net interest income $ 25,865 $ 22,699 $ 22,385 $ 20,952 $ 20,472 Provision for credit losses 1,650 900 450 1,500 650 Noninterest income 11,047 10,091 10,098 9,044 10,309 Noninterest expense 25,709 24,612 22,004 20,221 21,272 Income taxes 1,710 1,459 2,051 1,662 1,427 Net income $ 7,843 $ 5,819 $ 7,978 $ 6,613 $ 7,432 PERFORMANCE MEASURES Per common share: Common shares outstanding 21,251,695 17,461,284 17,416,702 17,481,709 17,519,884 Weighted average basic shares 18,729,511 17,461,434 17,448,945 17,509,059 17,531,808 Weighted average diluted shares 18,729,511 17,461,434 17,448,945 17,509,059 17,531,808 Earnings per basic share $ 0.42 $ 0.33 $ 0.46 $ 0.38 $ 0.42 Earnings per diluted share 0.42 0.33 0.46 0.38 0.42 Adjusted earnings per diluted share(b) 0.48 0.47 0.46 0.38 0.44 Cash dividends declared per share 0.1150 0.1150 0.1150 0.1150 0.1125 Common book value per share 17.69 17.31 16.87 16.41 15.91 Tangible book value per common share(b) 14.31 14.20 13.73 13.46 12.95 Pre-provision net revenue(b) $ 11,203 $ 8,178 $ 10,479 $ 9,775 $ 9,509 PERFORMANCE RATIOS: Net interest margin (a) 3.32 % 3.17 % 3.12 % 2.93 % 2.84 % Return on average assets 0.93 0.75 1.02 0.85 0.95 Operating return on average assets(b) 1.05 1.06 1.02 0.85 0.99 Return on average total equity 9.49 7.80 11.14 9.63 10.71 Operating return on average total equity(b) 10.78 11.03 11.14 9.63 11.18 Return on average tangible equity 11.63 9.56 13.70 11.83 13.16 Operating return on average tangible equity(b) 13.20 13.52 13.70 11.83 13.74 Total equity to total assets 10.06 9.59 9.43 9.05 8.96 Tangible equity to tangible assets (b) 8.30 8.00 7.81 7.54 7.42 Efficiency ratio 69.65 75.06 67.74 67.41 69.11 Operating efficiency ratio(b) 66.04 66.89 67.74 67.41 67.80 Net noninterest expense to average assets 1.73 1.86 1.52 1.44 1.40 Operating net noninterest expense to average assets(b) 1.58 1.48 1.52 1.44 1.35 ASSET QUALITY Nonperforming portfolio loans $ 17,190 $ 9,082 $ 4,760 $ 7,538 $ 5,024 Nonperforming SBA government loans-guaranteed portion 4,772 4,076 4,583 3,647 4,293 Nonperforming SBA government loans-unguaranteed portion 1,418 1,110 1,241 1,271 1,343 Loans 90 days past due and still accruing 95 98 107 22 152 Total nonperforming loans (NPLs) 23,475 14,366 10,691 12,478 10,812 Other real estate owned 1,048 710 710 522 202 Repossessed assets 190 160 21 6 328 Total nonperforming assets (NPAs) 24,713 15,236 11,422 13,006 11,342 Classified loans 40,481 24,183 25,112 26,453 20,103 Criticized loans 84,721 60,505 54,814 55,823 49,387 Net loan charge-offs (recoveries) 1,600 1,827 1,049 606 1,534 Allowance for credit losses to total loans 0.97 % 0.89 % 0.96 % 1.04 % 1.03 % Allowance for credit losses to total NPLs 98.04 125.89 179.15 160.26 175.55 Allowance for credit losses to total NPAs 93.13 118.71 167.69 153.75 167.34 Net charge-offs (recoveries) to average loans, net 0.30 0.36 0.21 0.13 0.33 NPLs to total loans 0.99 0.71 0.54 0.65 0.59 NPAs to total assets 0.66 0.48 0.37 0.41 0.36 NPAs to total loans and foreclosed assets 1.04 0.75 0.57 0.68 0.62 ACTUAL BALANCES Total assets $ 3,735,401 $ 3,152,746 $ 3,115,617 $ 3,171,825 $ 3,109,782 Loans held for sale 78,990 19,286 22,163 24,844 39,786 Loans, net of unearned income 2,381,224 2,037,056 1,993,580 1,921,263 1,842,980 Deposits 3,067,521 2,584,329 2,556,230 2,622,531 2,567,943 Total stockholders’ equity 375,920 302,332 293,857 286,925 278,675 AVERAGE BALANCES Total assets $ 3,357,785 $ 3,092,411 $ 3,138,125 $ 3,149,321 $ 3,108,762 Loans held for sale 59,868 17,062 22,495 23,253 35,299 Loans, net of unearned income 2,148,729 2,024,153 1,960,025 1,869,476 1,851,628 Deposits 2,752,576 2,526,739 2,586,620 2,606,706 2,568,824 Total stockholders’ equity 327,830 296,027 287,325 278,551 276,082 (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 December 31, 2025 2024 (dollars in thousands) Average Balances Income/ Expense Yields/ Rates Average Balances Income/ Expense Yields/ Rates Assets Interest-earning assets: Loans held for sale $ 59,868 $ 1,018 6.75 % $ 35,299 $ 437 4.93 % Loans, net of unearned income1 2,148,729 33,517 6.19 % 1,851,628 28,102 6.04 % Investment securities, taxable 626,240 4,158 2.63 % 704,677 4,759 2.69 % Investment securities, tax-exempt2 93,822 488 2.06 % 95,062 505 2.11 % Deposits in banks and short term investments 187,582 1,696 3.59 % 202,059 2,361 4.65 % Total interest-earning assets 3,116,241 40,877 5.20 % 2,888,725 36,164 4.98 % Noninterest-earning assets 241,544 220,037 Total assets $ 3,357,785 $ 3,108,762 Liabilities and stockholders' equity Interest-bearing liabilities: Interest-bearing demand and savings $ 1,559,476 $ 5,577 1.42 % $ 1,494,178 $ 6,759 1.80 % Other time 737,709 6,396 3.44 % 619,334 5,897 3.79 % Total interest-bearing deposits 2,297,185 11,973 2.07 % 2,113,512 12,656 2.38 % Federal Home Loan Bank advances 188,370 1,948 4.10 % 185,000 1,905 4.10 % Other borrowings 63,119 914 5.75 % 63,025 958 6.05 % Total other interest-bearing liabilities 251,489 2,862 4.51 % 248,025 2,863 4.59 % Total interest-bearing liabilities 2,548,674 14,835 2.31 % 2,361,537 15,519 2.61 % Noninterest-bearing liabilities: Demand deposits 455,391 $ 455,312 Other liabilities 25,890 15,831 Stockholders' equity 327,830 276,082 Total noninterest-bearing liabilities and stockholders' equity 809,111 747,225 Total liabilities and stockholders' equity $ 3,357,785 $ 3,108,762 Interest rate spread 2.89 % 2.37 % Net interest income $ 26,042 $ 20,645 Net interest margin 3.32 % 2.84 % ______________________________________ 1 The average balance of loans includes the average balance of nonaccrual loans. Income on such loans is recognized and recorded on the cash basis. Taxable-equivalent adjustments totaling $76,000 and $66,000 for the quarters ended December 31, 2025 and 2024, respectively, are calculated using the statutory federal tax rate and are included in income and fees on loans. Accretion income of $428,000 and $12,000 for the quarters ended December 31, 2025 and 2024, respectively, are also included in income and fees on loans. 2 Taxable-equivalent adjustments totaling $102,000 and $106,000 for the quarters ended December 31, 2025 and 2024, respectively, are calculated using the statutory federal tax rate and are included in tax-exempt interest on investment securities. Colony Bankcorp, Inc. Average Balance Sheet and Net Interest Analysis Twelve Months Ended December 31, 2025 2024 (dollars in thousands) Average Balances Income/ Expense Yields/ Rates Average Balances Income/ Expense Yields/ Rates Assets Interest-earning assets: Loans held for sale $ 30,733 $ 1,928 6.27 % $ 31,884 $ 2,134 6.69 % Loans, net of unearned income3 2,001,425 122,735 6.13 % 1,868,502 109,770 5.87 % Investment securities, taxable 668,875 17,885 2.67 % 720,986 19,270 2.67 % Investment securities, tax-exempt4 93,441 1,963 2.10 % 99,350 2,158 2.17 % Deposits in banks and short term investments 159,718 6,183 3.87 % 106,381 4,592 4.32 % Total interest-earning assets 2,954,192 150,694 5.10 % 2,827,103 137,924 4.88 % Noninterest-earning assets 230,538 221,607 Total assets $ 3,184,730 $ 3,048,710 Liabilities and stockholders' equity Interest-bearing liabilities: Interest-bearing demand and savings $ 1,529,413 $ 24,354 1.59 % $ 1,464,315 $ 27,293 1.86 % Other time 644,075 22,356 3.47 % 603,080 22,714 3.77 % Total interest-bearing deposits 2,173,488 46,710 2.15 % 2,067,395 50,007 2.42 % Federal funds purchased — — — % — — — % Federal Home Loan Bank advances 185,850 7,618 4.10 % 176,421 7,211 4.09 % Other borrowings 63,522 3,722 5.86 % 63,190 3,947 6.25 % Total other interest-bearing liabilities 249,372 11,340 4.55 % 239,611 11,158 4.66 % Total interest-bearing liabilities 2,422,860 58,050 2.40 % 2,307,006 61,165 2.65 % Noninterest-bearing liabilities: Demand deposits 444,821 $ 459,822 Other liabilities 19,485 16,607 Stockholders' equity 297,564 265,275 Total noninterest-bearing liabilities and stockholders' equity 761,870 741,704 Total liabilities and stockholders' equity $ 3,184,730 $ 3,048,710 Interest rate spread 2.70 % 2.23 % Net interest income $ 92,644 $ 76,759 Net interest margin 3.14 % 2.72 % ______________________________________ 3 The average balance of loans includes the average balance of nonaccrual loans. Income on such loans is recognized and recorded on the cash basis. Taxable-equivalent adjustments totaling $330,000 and $229,000 for the twelve months ended December 31, 2025 and 2024, respectively, are calculated using the statutory federal tax rate and are included in income and fees on loans. Accretion income of $489,000 and $47,000 for the twelve months ended December 31, 2025 and 2024, respectively, are also included in income and fees on loans. 4 Taxable-equivalent adjustments totaling $412,000 and $453,000 for the twelve months ended December 31, 2025 and 2024, respectively, are calculated using the statutory federal tax rate and are included in tax-exempt interest on investment securities. Colony Bankcorp, Inc. Segment Reporting 2025 2024 (dollars in thousands) Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter Banking Division Net interest income $ 24,781 $ 21,629 $ 21,319 $ 19,989 $ 19,191 Provision for credit losses 776 (371 ) (330 ) 1,221 309 Noninterest income 6,996 6,144 5,969 5,774 5,452 Noninterest expenses 22,502 21,075 18,269 16,790 17,616 Income taxes 1,493 1,413 1,908 1,551 927 Segment income $ 7,006 $ 5,656 $ 7,441 $ 6,201 $ 5,791 Total segment assets $ 3,625,785 $ 3,046,699 $ 3,010,416 $ 3,065,385 $ 2,985,856 Full time employees 447 383 390 366 376 Mortgage Banking Division Net interest income $ 65 $ 62 $ 44 $ 53 $ 53 Provision for credit losses — — — — — Noninterest income 2,012 1,851 1,984 1,579 1,545 Noninterest expenses 1,695 2,066 1,710 1,601 1,699 Income taxes 81 (27 ) 69 10 (12 ) Segment income $ 301 $ (126 ) $ 249 $ 21 $ (89 ) Total segment assets $ 13,648 $ 12,959 $ 14,296 $ 16,041 $ 17,970 Variable noninterest expense(1) $ 984 $ 1,229 $ 1,157 $ 880 $ 764 Fixed noninterest expense 711 837 553 721 935 Full time employees 48 46 43 42 45 Small Business Specialty Lending Division Net interest income $ 1,019 $ 1,008 $ 1,022 $ 910 $ 1,228 Provision for credit losses 874 1,271 780 279 341 Noninterest income 2,039 2,096 2,145 1,691 3,312 Noninterest expenses 1,512 1,471 2,025 1,830 1,957 Income taxes 136 73 74 101 512 Segment income $ 536 $ 289 $ 288 $ 391 $ 1,730 Total segment assets $ 95,968 $ 93,088 $ 90,905 $ 90,399 $ 105,956 Full time employees 31 31 34 35 34 Total Consolidated Net interest income $ 25,865 $ 22,699 $ 22,385 $ 20,952 $ 20,472 Provision for credit losses 1,650 900 450 1,500 650 Noninterest income 11,047 10,091 10,098 9,044 10,309 Noninterest expenses 25,709 24,612 22,004 20,221 21,272 Income taxes 1,710 1,459 2,051 1,662 1,427 Segment income $ 7,843 $ 5,819 $ 7,978 $ 6,613 $ 7,432 Total segment assets $ 3,735,401 $ 3,152,746 $ 3,115,617 $ 3,171,825 $ 3,109,782 Full time employees 526 460 467 443 455 (1) Variable noninterest expense includes commission based salary expenses and volume based loan related fees. Colony Bankcorp, Inc. Consolidated Balance Sheets December 31, 2025 December 31, 2024 (dollars in thousands) (unaudited) (audited) ASSETS Cash and due from banks $ 27,307 $ 26,045 Interest-bearing deposits in banks and federal funds sold 230,333 204,989 Cash and cash equivalents 257,640 231,034 Investment securities available for sale, at fair value 383,817 366,049 Investment securities held to maturity, at amortized cost 386,618 430,077 Other investments 19,176 17,694 Loans held for sale 78,990 39,786 Loans, net of unearned income 2,381,224 1,842,980 Allowance for credit losses (23,014 ) (18,980 ) Loans, net 2,358,210 1,824,000 Premises and equipment 37,045 37,831 Other real estate 1,048 202 Goodwill 63,873 48,923 Other intangible assets 7,851 2,975 Bank owned life insurance 68,457 57,970 Deferred income taxes, net 19,582 21,891 Other assets 53,094 31,350 Total assets $ 3,735,401 $ 3,109,782 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities: Deposits: Noninterest-bearing $ 526,803 $ 462,283 Interest-bearing 2,540,718 2,105,660 Total deposits 3,067,521 2,567,943 Federal Home Loan Bank advances 194,972 185,000 Other borrowed money 63,132 63,039 Accrued expenses and other liabilities 33,856 15,125 Total liabilities 3,359,481 2,831,107 Stockholders’ equity Common stock, $1 par value; 50,000,000 shares authorized, 21,251,695 and 17,519,884 issued and outstanding, respectively 21,252 17,520 Paid in capital 228,577 168,353 Retained earnings 160,584 140,369 Accumulated other comprehensive loss, net of tax (34,493 ) (47,567 ) Total stockholders’ equity 375,920 278,675 Total liabilities and stockholders’ equity $ 3,735,401 $ 3,109,782 Colony Bankcorp, Inc. Consolidated Statements of Income (unaudited) Three months ended December 31, Twelve months ended December 31, 2025 2024 2025 2024 (dollars in thousands, except per share data) Interest income: Loans, including fees $ 34,461 $ 28,473 $ 124,333 $ 111,675 Investment securities 4,543 5,158 19,436 20,974 Deposits in banks and short term investments 1,696 2,360 6,183 4,592 Total interest income 40,700 35,991 149,952 137,241 Interest expense: Deposits 11,973 12,656 46,710 50,007 Federal Home Loan Bank advances 1,947 1,905 7,618 7,211 Other borrowings 915 958 3,723 3,947 Total interest expense 14,835 15,519 58,051 61,165 Net interest income 25,865 20,472 91,901 76,076 Provision for credit losses 1,650 650 4,500 3,050 Net interest income after provision for credit losses 24,215 19,822 87,401 73,026 Noninterest income: Service charges on deposits 2,664 2,302 9,695 9,365 Mortgage fee income 2,121 1,545 7,535 6,048 Gain on sales of SBA loans 1,376 2,622 5,372 9,242 Loss on sales of securities — (401 ) (1,039 ) (1,835 ) Interchange fees 2,154 2,030 8,438 8,299 BOLI income 577 412 1,792 1,725 Insurance commissions 755 471 2,864 1,789 Other 1,400 1,328 5,623 4,742 Total noninterest income 11,047 10,309 40,280 39,375 Noninterest expense: Salaries and employee benefits 14,115 12,877 52,417 49,767 Occupancy and equipment 1,758 1,645 6,753 6,149 Acquisition related 1,331 — 2,063 — Information technology expenses 2,903 2,491 10,652 8,978 Professional fees 1,019 539 3,507 2,825 Advertising and public relations 1,402 1,118 4,279 4,009 Communications 194 213 805 865 Other 2,987 2,389 12,070 10,241 Total noninterest expense 25,709 21,272 92,546 82,834 Income before income taxes 9,553 8,859 35,135 29,567 Income taxes 1,710 1,427 6,882 5,699 Net income $ 7,843 $ 7,432 $ 28,253 $ 23,868 Earnings per common share: Basic $ 0.42 $ 0.42 $ 1.59 $ 1.36 Diluted 0.42 0.42 1.59 1.36 Dividends declared per share 0.1150 0.1125 0.4600 0.4500 Weighted average common shares outstanding: Basic 18,729,511 17,531,808 17,789,688 17,557,743 Diluted 18,729,511 17,531,808 17,789,688 17,557,743 Colony Bankcorp, Inc. Quarterly Consolidated Statements of Income 2025 2024 Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter (dollars in thousands, except per share data) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) Interest income: Loans, including fees $ 34,461 $ 31,535 $ 30,361 $ 27,976 $ 28,473 Investment securities 4,543 4,518 5,148 5,227 5,158 Deposits in banks and short term investments 1,696 839 1,326 2,322 2,360 Total interest income 40,700 36,892 36,835 35,525 35,991 Interest expense: Deposits 11,973 11,332 11,632 11,773 12,656 Federal Home Loan Bank advances 1,947 1,909 1,889 1,873 1,905 Other borrowings 915 952 929 927 958 Total interest expense 14,835 14,193 14,450 14,573 15,519 Net interest income 25,865 22,699 22,385 20,952 20,472 Provision for credit losses 1,650 900 450 1,500 650 Net interest income after provision for credit losses 24,215 21,799 21,935 19,452 19,822 Noninterest income: Service charges on deposits 2,664 2,640 2,219 2,172 2,302 Mortgage fee income 2,121 1,851 1,984 1,579 1,545 Gain on sales of SBA loans 1,376 1,411 1,550 1,035 2,622 Loss on sales of securities — (1,039 ) — — (401 ) Interchange fees 2,154 2,273 2,073 1,938 2,030 BOLI income 577 396 423 396 412 Insurance commissions 755 874 766 469 471 Other 1,400 1,685 1,083 1,455 1,328 Total noninterest income 11,047 10,091 10,098 9,044 10,309 Noninterest expense: Salaries and employee benefits 14,115 13,532 12,865 11,905 12,877 Occupancy and equipment 1,758 1,732 1,683 1,580 1,645 Acquisition related 1,331 732 — — — Information technology expenses 2,903 2,680 2,592 2,477 2,491 Professional fees 1,019 998 742 748 539 Advertising and public relations 1,402 1,130 942 805 1,118 Communications 194 218 188 205 213 Other 2,987 3,590 2,992 2,501 2,389 Total noninterest expense 25,709 24,612 22,004 20,221 21,272 Income before income taxes 9,553 7,278 10,029 8,275 8,859 Income taxes 1,710 1,459 2,051 1,662 1,427 Net income $ 7,843 $ 5,819 $ 7,978 $ 6,613 $ 7,432 Earnings per common share: Basic $ 0.42 $ 0.33 $ 0.46 $ 0.38 $ 0.42 Diluted 0.42 0.33 0.46 0.38 0.42 Dividends declared per share 0.1150 0.1150 0.1150 0.1150 0.1125 Weighted average common shares outstanding: Basic 18,729,511 17,461,434 17,448,945 17,509,059 17,531,808 Diluted 18,729,511 17,461,434 17,448,945 17,509,059 17,531,808 Colony Bankcorp, Inc. Quarterly Deposits Composition Comparison 2025 2024 (dollars in thousands) Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter Noninterest-bearing demand $ 526,803 $ 442,142 $ 434,785 $ 449,818 $ 462,283 Interest-bearing demand 932,262 811,031 838,540 873,156 813,783 Savings and money markets 787,811 644,312 667,135 689,446 687,603 Time over $250,000 239,175 192,545 193,427 189,466 185,176 Other time 581,470 494,299 422,343 420,645 419,098 Total $ 3,067,521 $ 2,584,329 $ 2,556,230 $ 2,622,531 $ 2,567,943 Colony Bankcorp, Inc. Quarterly Deposits by Location Comparison 2025 2024 (dollars in thousands) Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter Augusta $ 18,387 $ — $ — $ — $ — Florida 157,056 — — — — Coastal Georgia 141,013 127,587 138,838 142,230 145,828 Middle Georgia 262,075 259,934 277,880 283,149 279,360 Atlanta and North Georgia 335,762 315,822 344,329 333,845 318,927 South Georgia 1,431,775 1,205,891 1,203,732 1,249,192 1,217,433 West Georgia 326,054 341,056 325,946 335,438 337,818 Brokered deposits 131,906 130,000 59,494 59,499 59,499 Reciprocal deposits 263,493 204,039 206,011 219,178 209,078 Total $ 3,067,521 $ 2,584,329 $ 2,556,230 $ 2,622,531 $ 2,567,943 Colony Bankcorp, Inc. Quarterly Loan Comparison 2025 2024 (dollars in thousands) Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter Core $ 1,885,200 $ 1,935,648 $ 1,887,456 $ 1,808,879 $ 1,720,444 Purchased 496,024 101,408 106,124 112,384 122,536 Loans, net of unearned income $ 2,381,224 $ 2,037,056 $ 1,993,580 $ 1,921,263 $ 1,842,980 Colony Bankcorp, Inc. Quarterly Loans by Composition Comparison 2025 2024 (dollars in thousands) Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter Construction, land & land development $ 302,512 $ 240,819 $ 238,078 $ 208,872 $ 205,046 Other commercial real estate 1,249,720 1,064,984 1,059,149 1,052,967 990,648 Total commercial real estate 1,552,232 1,305,803 1,297,227 1,261,839 1,195,694 Residential real estate 459,549 377,058 356,515 345,521 344,167 Commercial, financial & agricultural 218,532 213,274 212,872 213,355 213,910 Consumer and other 150,911 140,921 126,966 100,548 89,209 Loans, net of unearned income $ 2,381,224 $ 2,037,056 $ 1,993,580 $ 1,921,263 $ 1,842,980 Colony Bankcorp, Inc. Quarterly Loans by Location Comparison 2025 2024 (dollars in thousands) Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter Alabama $ 47,971 $ 48,351 $ 50,856 $ 52,183 $ 45,365 Florida 236,810 26,061 24,562 19,490 13,135 Augusta 85,072 92,988 95,246 91,758 76,492 Coastal Georgia 358,271 263,763 253,177 230,242 224,609 Middle Georgia 121,276 120,601 125,435 130,302 121,059 Atlanta and North Georgia 456,593 463,007 445,921 441,323 427,046 South Georgia 462,085 403,192 408,954 398,295 384,907 West Georgia 174,626 172,688 168,968 168,851 169,699 Small Business Specialty Lending 84,928 84,999 81,242 79,517 81,636 Consumer Portfolio Mortgages 263,385 270,941 262,846 251,816 250,555 Marine/RV Lending 88,852 88,968 75,649 55,033 46,941 Other 1,355 1,497 724 2,453 1,536 Loans, net of unearned income $ 2,381,224 $ 2,037,056 $ 1,993,580 $ 1,921,263 $ 1,842,980 Colony Bankcorp, Inc. Classified Loans 2025 2024 (dollars in thousands) Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter $ # $ # $ # $ # $ # Construction, land & land development $ 1,438 10 $ 1,644 8 $ 126 4 $ 126 4 $ — — Other commercial real estate 22,871 52 12,973 45 16,687 48 18,578 51 13,367 38 Residential real estate 6,115 92 1,503 75 1,222 73 1,670 76 1,265 83 Commercial, financial & agricultural 9,857 109 7,947 90 7,071 64 6,077 58 5,407 70 Consumer and other 200 34 116 27 6 25 2 25 64 22 TOTAL $ 40,481 297 $ 24,183 245 $ 25,112 214 $ 26,453 214 $ 20,103 213 Classified loans to total loans 1.70 % 1.19 % 1.26 % 1.38 % 1.09 % Colony Bankcorp, Inc. Criticized Loans 2025 2024 (dollars in thousands) Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter $ # $ # $ # $ # $ # Construction, land & land development $ 17,605 13 $ 14,393 12 $ 2,207 10 $ 4,028 11 $ 2,865 9 Other commercial real estate 40,073 71 24,934 60 30,034 69 28,869 70 32,077 65 Residential real estate 11,515 99 6,528 81 7,224 79 8,289 83 5,504 89 Commercial, financial & agricultural 15,197 120 14,403 99 15,212 85 14,501 82 8,877 76 Consumer and other 331 35 247 28 137 26 136 26 64 22 TOTAL $ 84,721 338 $ 60,505 280 $ 54,814 269 $ 55,823 272 $ 49,387 261 Criticized loans to total loans 3.56 % 2.97 % 2.75 % 2.91 % 2.68 % For additional information, contact: Derek Shelnutt EVP & Chief Financial Officer 229-426-6000, extension 6119 Source: Colony Bankcorp, Inc.