Colony Bankcorp, Inc. Reports Second Quarter 2026 Results

Colony Bankcorp, Inc. Reports Second Quarter 2026 Results Declares Quarterly Cash Dividend of $0.12 Per Share Colony Bankcorp, Inc. (NYSE: CBAN) (“Colony” or the “Company”) today reported financial results for the second quarter of 2026. Financial highlights are shown below. Financial Highlights: Net income increased to $10.9 million, or $0.51 per diluted share, for the second quarter of 2026, compared to $8.2 million, or $0.39 per diluted share, for the first quarter of 2026, and $8.0 million, or $0.46 per diluted share, for the second quarter of 2025.Operating net income was $11.0 million, or $0.52 of operating earnings per diluted share, for the second quarter of 2026, compared to $9.5 million, or $0.45 of operating earnings per diluted share, for the first quarter of 2026, and $8.0 million, or $0.46 of operating earnings per diluted share, for the second quarter of 2025. (See Reconciliation of Non-GAAP Measures).Provision for credit losses of $1.90 million was recorded in the second quarter of 2026 compared to $1.75 million in the first quarter of 2026, and $450,000 in the second quarter of 2025.Total loans, excluding loans held for sale, were $2.46 billion at June 30, 2026, an increase of $51.4 million, or 2.13%, from the prior quarter.Total deposits were $2.97 billion and $3.05 billion at June 30, 2026 and March 31, 2026, respectively, a decrease of $76.2 million.Mortgage production was $115.4 million, and mortgage sales totaled $67.3 million in the second quarter of 2026 compared to $88.5 million and $61.4 million, respectively, for the first quarter of 2026.Small Business Specialty Lending (“SBSL”) closed $13.0 million in Small Business Administration (“SBA”) loans and sold $5.5 million in SBA loans in the second quarter of 2026 compared to $13.1 million and $10.4 million, respectively, for the first quarter of 2026. The Company also announced that on July 22, 2026, the Board of Directors declared a quarterly cash dividend of $0.12 per share, to be paid on its common stock on August 19, 2026, to shareholders of record as of the close of business on August 5, 2026. The Company had 21,221,503 shares of its common stock outstanding as of July 20, 2026. “We are pleased with our second quarter financial performance, which reflects continued improvement in net interest margin, noninterest income, and operating expenses,” said Heath Fountain, Chief Executive Officer. “Our team has done a great job capturing efficiencies following the TC Federal integration, and we are well-positioned to maximize the earnings power of our balance sheet. On an operating basis, we successfully achieved our target return on average assets of 1.20%, and we are confident in our ability to maintain this level of performance moving forward.” “We were also proud to announce our strategic partnership with First Reliance during the quarter and both leadership teams recognize the significant opportunities this combination creates for scalable, long-term growth. Our teams are making progress on merger related milestones, and we remain on track for a legal close in the fourth quarter of this year.” “Loan growth accelerated during the quarter, landing within the lower end of our annualized 8% to 12% target range. This growth served as a driver of our margin expansion, supported by disciplined pricing on new production and renewals, alongside a well-managed cost of funds. While total deposits experienced a slight decline - consistent with our historical seasonal patterns for this time of year - our team remains focused on expanding primary deposit relationships in what remains a highly competitive funding environment. “Overall, we see significant runway for continued performance improvement as our team executes on our strategic initiatives and delivers a superior level of service to our customers and communities.” Balance Sheet Total assets were $3.63 billion at June 30, 2026, a decrease of $93.0 million from March 31, 2026.Total loans, excluding loans held for sale, were $2.46 billion at June 30, 2026, an increase of $51.4 million from March 31, 2026.Total deposits were $2.97 billion and $3.05 billion at June 30, 2026 and March 31, 2026, respectively, a decrease of $76.2 million. Decreases were seen in noninterest-bearing demand deposits of $31.2 million, interest-bearing demand deposits of $27.2 million and savings and money market deposits of $26.5 million while time deposits increased $8.7 million, from March 31, 2026 to June 30, 2026.Total borrowings at June 30, 2026 totaled $233.2 million, a decrease of $25.0 million compared to March 31, 2026. Capital Colony continues to maintain a strong capital position, with ratios that exceed regulatory minimums required to be considered as “well-capitalized.”Preliminary tier one leverage ratio, tier one capital ratio, total risk-based capital ratio and common equity tier one capital ratio were 10.20%, 13.87%, 16.18%, and 12.96%, respectively, at June 30, 2026. Second Quarter and Six-Months 2026 Results of Operations Net interest income, on a tax-equivalent basis, totaled $30.0 million for the second quarter ended June 30, 2026 compared to $22.6 million for the same period in 2025. Net interest income, on a tax-equivalent basis, totaled $59.4 million for the six months ended June 30, 2026 compared to $43.7 million for the same period in 2025. For both periods, increases occurred in income on interest earning assets which was partially offset by increases in expense on interest bearing liabilities. Income on interest earning assets increased $8.9 million to $45.9 million for the second quarter of 2026 compared to the same period in 2025. Expense on interest bearing liabilities increased $1.5 million to $15.9 million for the second quarter of 2026 compared to the same period in 2025. Income on interest earning assets increased $18.2 million to $91.0 million for the six months ended 2026 compared to the same period in 2025. Expense on interest bearing liabilities increased $2.6 million to $31.6 million for the six months ended 2026 compared to the same period in 2025.Net interest margin for the second quarter of 2026 was 3.52% compared to 3.12% for the second quarter of 2025. Net interest margin for the six months ended June 30, 2026 was 3.50% compared to 3.02% for the six months ended June 30, 2025. The increase for both periods was impacted by the Company’s acquisition of TC Bancshares, Inc. in the fourth quarter of 2025, and was also impacted by increases in interest earning asset yields period over period, as well as the decreased cost of funds.Noninterest income totaled $12.2 million for the second quarter of 2026, an increase of $2.1 million, or 20.4%, compared to the same period in 2025. Noninterest income totaled $22.9 million for the six months ended June 30, 2026, an increase of $3.7 million, or 19.4%, compared to the same period in 2025. For both periods, increases occurred in service charges on deposits, mortgage fee income, interchange fees, BOLI income, which includes a tax-free gain of $706 thousand, insurance commissions and an increase in wealth advisor income included in other noninterest income, partially offset by decreases in gains on sales of SBA loans and an increase in losses on sales of securities.Noninterest expense totaled $26.4 million for the second quarter of 2026, compared to $22.0 million for the same period in 2025. Noninterest expense totaled $54.1 million for the six months ended June 30, 2026, compared to $42.2 million for the same period in 2025. Increases for both periods occurred in salaries and employee benefits, occupancy and equipment, information technology expenses, professional fees, advertising and public relations, and acquisition and integration-related expenses related to the acquisition of TC Bancshares, Inc. which occurred in the fourth quarter of 2025 as well as expenses related to the recently announced merger with First Reliance Bancshares, Inc. Asset Quality Nonperforming assets totaled $20.9 million and $19.9 million at June 30, 2026 and March 31, 2026, respectively, an increase of $1.0 million.Other real estate owned and repossessed assets totaled $2.0 million at June 30, 2026 and $2.1 million at March 31, 2026.Net loans charged-off were $1.8 million, or 0.29% of average loans for the second quarter of 2026, compared to $1.7 million, or 0.29% for the first quarter of 2026.The credit loss reserve was $22.0 million, or 0.89% of total loans, at June 30, 2026, compared to $21.7 million, or 0.90% of total loans at March 31, 2026. Earnings call information The Company will host an earnings conference call at 9:00 a.m. ET on Thursday, July 23, 2026, to discuss the recent results and answer relevant questions. The conference call can be accessed by dialing 1-800-715-9871 and using the Conference ID: 1567957. A replay of the call will be available until Thursday, July 30, 2026. To listen to the replay, dial 1-800-770-2030 and enter the passcode 1567957#. About Colony Bankcorp Colony Bankcorp, Inc. is the bank holding company for Colony Bank. Founded in Fitzgerald, Georgia in 1975, Colony operates locations throughout Georgia as well as in Birmingham, Alabama, and across North Florida, including Tallahassee, Jacksonville, and the Florida Panhandle. Colony Bank provides a consultative approach in offering a range of banking solutions for personal and business customers. In addition to traditional banking services, Colony Bank provides specialized solutions including mortgage lending, government-guaranteed lending, consumer insurance, wealth management, credit cards and merchant services. Colony Bankcorp’s common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “CBAN.” For more information, please visit www.colony.bank. You can also follow the Company on social media. Forward-Looking Statements Certain statements contained in this press release that are not statements of historical fact constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, certain statements may be contained in the Company’s future filings with the Securities and Exchange Commission (the “SEC”), in press releases, and in oral and written statements made by or with the approval of the Company that are not statements of historical fact and constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, but are not limited to: (i) projections and/or expectations of revenues, income or loss, earnings or loss per share, the payment or nonpayment of dividends, capital structure and other financial items; (ii) statement of plans and objectives of Colony Bankcorp, Inc. or its management or Board of Directors, including those relating to products or services; (iii) statements of future economic performance; (iv) statements regarding growth strategy, capital management, liquidity and funding, and future profitability; (v) statements relating to the timing, benefits, costs, and synergies of the recently announced acquisition of First Reliance Bancshares, Inc. (“First Reliance”) (the “Merger”), and (vi) statements of assumptions underlying such statements. Words such as “may”, “will”, “anticipate”, “assume”, “should”, “support”, “indicate”, “would”, “believe”, “contemplate”, “expect”, “estimate”, “continue”, “further”, “plan”, “point to”, “project”, “could”, “intend”, “target” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties. Factors that might cause such differences include, but are not limited to: the impact of current and future economic conditions, particularly those affecting the financial services industry, including the effects of declines in the real estate market, tariffs or trade wars (including the resulting reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), high unemployment rates, inflationary pressures, changes in interest rates (including the impact of volatile interest rates on our financial projections and models) and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing; the risk of reductions in benchmark interest rates and the resulting impacts on net interest income; potential impacts of adverse developments in the banking industry highlighted by high-profile bank failures, including impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto; risks arising from negative media coverage and perceived instability in the banking industry and the banking sector; the risks of changes in interest rates and their effects on the level, cost, and composition of, and competition for, deposits, loan demand and timing of payments, the values of loan collateral, securities, and interest sensitive assets and liabilities; the ability to attract new or retain existing deposits, to retain or grow loans or additional interest and fee income, or to control noninterest expense; the effect of pricing pressures on the Company’s net interest margin; the failure of assumptions underlying the establishment of reserves for possible credit losses, fair value for loans and other real estate owned; changes in real estate values; the Company’s ability to implement its various strategic and growth initiatives; increased competition in the financial services industry, particularly from regional and national institutions, as well as fintech companies and other non-bank financial service providers offering digital, automated or alternative financial products and services; economic conditions, either nationally or locally, in areas in which the Company conducts operations being less favorable than expected; changes in the prices, values and sales volumes of residential and commercial real estate; developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; legislation or regulatory changes which adversely affect the ability of the consolidated Company to conduct business combinations or new operations; adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions, including as a result of the Company’s participation in and execution of government programs, those related to credit card interest rates, and legislative, regulatory or supervisory actions related to so-called “de-banking,” including any new prohibitions, requirements or enforcement priorities that could affect customer relationships, compliance obligations, or operational practices; significant turbulence or a disruption in the capital or financial markets and the effect of a fall in the stock market prices on our investment securities; significant volatility in the markets for equity, fixed income and other asset classes globally or within specific markets; the effects of war or other conflicts, including the ongoing conflicts in the Middle East; major political shifts domestically or internationally (including the potential for retaliatory actions by governments, market participants or clients based on diverging perspectives or otherwise); general risks related to the Company’s merger and acquisition activity, including risks associated with integrating and realizing the expected financial benefits of previous or pending acquisitions, and the Company’s pursuit of future acquisitions; risks associated with the recent Merger, including the risk that the cost savings and any revenue synergies may not be realized or take longer than anticipated to be realized as well as disruption with customers, suppliers, employee or other business partners relationships; the risk of successful integration of First Reliance’s business into the Company; the reaction of each of the Company’s and First Reliance’s customers, suppliers, employees or other business partners to the Merger; the risk that the integration of First Reliance’s operations into the operations of the Company will be materially delayed or will be more costly or difficult than expected; the timing and achievement of expected cost reductions following the Merger; the timing and achievement of the recovery of the reduction of tangible book value resulting from the Merger; general competitive, economic, political, and market conditions; the impact of emerging technologies, such as generative artificial intelligence; fraud or misconduct by internal or external actors, and system failures, cybersecurity threats or security breaches and the cost of defending against them; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding debt ceiling and the federal budget; and general competitive, economic, political and market conditions or other unexpected factors or events. These and other factors, risks and uncertainties could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict. Forward-looking statements speak only as of the date on which such statements are made. These forward-looking statements are based upon information presently known to the Company’s management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in the Company’s filings with the Securities and Exchange Commission, the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, under the captions “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors,” and in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements. Additional Information About the Proposed Merger and Where to Find It This document does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the proposed merger, the Company will file with the SEC a registration statement on Form S-4 that will include a joint proxy statement of First Reliance Bancshares, Inc. (“First Reliance”) and the Company and a prospectus of the Company, as well as other relevant documents concerning the proposed transaction. WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE REGISTRATION STATEMENT ON FORM S-4, THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, FIRST RELIANCE AND THE PROPOSED MERGER. The joint proxy statement/prospectus will be sent to the shareholders of both the Company and First Reliance seeking the required shareholder approvals. Investors and security holders will be able to obtain free copies of the registration statement on Form S-4 and the related joint proxy statement/prospectus, when filed, as well as other documents filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov. Documents filed with the SEC by the Company will also be available free of charge by directing a written request to Colony Bankcorp, Inc., 115 South Grant Street, Fitzgerald, Georgia 31750, Attn: Derek Shelnutt and on the Company’s website, colony.bank, under Investor Relations. The Company’s telephone number is (229) 426-6000. Explanation of Certain Unaudited Non-GAAP Financial Measures The measures entitled operating noninterest income, operating noninterest expense, operating net income, operating earnings per diluted share, operating return on average assets, operating return on average equity, operating return on average tangible equity, tangible book value per common share, tangible equity to tangible assets, operating efficiency ratio, operating net noninterest expense to average assets and pre-provision net revenue are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. The most comparable GAAP measures are noninterest income, noninterest expense, net income, diluted earnings per share, return on average assets, return on average equity, book value per common share, total equity to total assets, efficiency ratio, net noninterest expense to average assets and net interest income before provision for credit losses, respectively. Operating noninterest income excludes loss on sales of securities. Operating noninterest expense excludes acquisition-related expenses, severance costs and loss related to wire fraud incident. Operating net income, operating return on average assets, operating return on average equity, operating return on average tangible equity and operating efficiency ratio all exclude acquisition-related expenses, severance costs, loss on sales of securities and loss related to wire fraud incident from net income, return on average assets, return on average equity and efficiency ratio, respectively. Operating net noninterest expense to average assets ratio excludes from net noninterest expense, severance costs, acquisition-related expenses, loss on sales of securities and loss related to wire fraud incident. Acquisition-related expenses includes fees associated with acquisitions and vendor contract buyouts. Severance costs includes costs associated with termination and retirement of employees. Operating earnings per diluted share includes the adjustments to operating net income. Tangible book value per common share, tangible equity to tangible assets and operating return on average tangible equity exclude goodwill and other intangibles from book value per common share, total equity to total assets and return on average equity, respectively. Pre-provision net revenue is calculated by adding noninterest income to net interest income before provision for credit losses, and subtracting noninterest expense. Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes these presentations provide useful supplemental information, and a clearer understanding of the Company’s performance, and if not provided would be requested by the investor community. The Company believes the non-GAAP measures enhance investors’ understanding of the Company’s business and performance. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently. These disclosures should not be considered an alternative to GAAP. The computations of operating noninterest income, operating noninterest expense, operating net income, operating earnings per diluted share, operating return on average assets, operating return on average equity, operating return on average tangible equity, tangible book value per common share, tangible equity to tangible assets, operating efficiency ratio, operating net noninterest expense to average assets and pre-provision net revenue and the reconciliation of these measures to noninterest income, noninterest expense, net income, diluted earnings per share, return on average assets, return on average equity, book value per common share, total equity to total assets, efficiency ratio, net noninterest expense to average assets and net interest income before provision for credit losses are set forth in the table below. Colony Bankcorp, Inc. Reconciliation of Non-GAAP Measures 2026 2025 (dollars in thousands, except per share data) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter Operating noninterest income reconciliation Noninterest income (GAAP) $ 12,158 $ 10,692 $ 11,047 $ 10,091 $ 10,098 Tax-free gain related to BOLI claim (706 ) — — — — Loss on sales of securities 186 — — 1,039 — Operating noninterest income $ 11,638 $ 10,692 $ 11,047 $ 11,130 $ 10,098 Operating noninterest expense reconciliation Noninterest expense (GAAP) $ 26,431 $ 27,674 $ 25,709 $ 24,612 $ 22,004 Acquisition-related expenses (943 ) (1,637 ) (1,331 ) (732 ) — Loss related to wire fraud incident — — — (1,252 ) — Operating noninterest expense $ 25,488 $ 26,037 $ 24,378 $ 22,628 $ 22,004 Operating net income reconciliation Net income (GAAP) $ 10,857 $ 8,204 $ 7,843 $ 5,819 $ 7,978 Acquisition-related expenses 943 1,637 1,331 732 — Loss related to wire fraud incident — — — 1,252 — Tax-free gain related to BOLI claim (706 ) — — — — Loss on sales of securities 186 — — 1,039 — Income tax benefit (244 ) (356 ) (269 ) (612 ) — Operating net income $ 11,036 $ 9,485 $ 8,905 $ 8,230 $ 7,978 Weighted average diluted shares 21,160,128 21,222,237 18,729,511 17,461,434 17,448,945 Operating earnings per diluted share $ 0.52 $ 0.45 $ 0.48 $ 0.47 $ 0.46 Operating return on average assets reconciliation Return on average assets (GAAP) 1.18 % 0.90 % 0.93 % 0.75 % 1.02 % Acquisition-related expenses 0.10 0.18 0.15 0.10 — Loss related to wire fraud incident — — — 0.16 — Tax-free gain related to BOLI claim (0.07 ) — — — — Loss on sales of securities 0.02 — — 0.13 — Tax effect of adjustment items (0.03 ) (0.04 ) (0.03 ) (0.08 ) — Operating return on average assets 1.20 % 1.04 % 1.05 % 1.06 % 1.02 % Operating return on average equity reconciliation Return on average equity (GAAP) 11.33 % 8.77 % 9.49 % 7.80 % 11.14 % Acquisition-related expenses 0.98 1.74 1.62 0.98 — Loss related to wire fraud incident — — — 1.68 — Tax-free gain related to BOLI claim (0.74 ) — — — — Loss on sales of securities 0.19 — — 1.39 — Tax effect of adjustment items (0.25 ) (0.38 ) (0.33 ) (0.82 ) — Operating return on average equity 11.51 % 10.13 % 10.78 % 11.03 % 11.14 % Return on average tangible equity reconciliation Return on average equity (GAAP) 11.33 % 8.77 % 9.49 % 7.80 % 11.14 % Effect of goodwill and intangibles 2.53 2.03 2.14 1.76 2.56 Return on average tangible equity 13.86 % 10.80 % 11.63 % 9.56 % 13.70 % Colony Bankcorp, Inc. Reconciliation of Non-GAAP Measures 2026 2025 (dollars in thousands, except per share data) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter Operating return on average tangible equity reconciliation Return on average tangible equity 13.86 % 10.80 % 11.63 % 9.56 % 13.70 % Acquisition-related expenses 1.20 2.16 1.97 1.20 — Loss related to wire fraud incident — — — 2.06 — Tax-free gain related to BOLI claim (0.90 ) — — — — Loss on sales of securities 0.24 — — 1.71 — Tax effect of adjustment items (0.31 ) (0.47 ) (0.40 ) (1.01 ) — Operating return on average tangible equity 14.09 % 12.49 % 13.20 % 13.52 % 13.70 % Tangible book value per common share reconciliation Book value per common share (GAAP) $ 18.43 $ 17.98 $ 17.69 $ 17.31 $ 16.87 Effect of goodwill and other intangibles (3.31 ) (3.33 ) (3.38 ) (3.11 ) (3.14 ) Tangible book value per common share $ 15.12 $ 14.65 $ 14.31 $ 14.20 $ 13.73 Tangible equity to tangible assets reconciliation Equity to assets (GAAP) 10.75 % 10.22 % 10.06 % 9.59 % 9.43 % Effect of goodwill and other intangibles (1.76 ) (1.73 ) (1.76 ) (1.59 ) (1.62 ) Tangible equity to tangible assets 8.99 % 8.49 % 8.30 % 8.00 % 7.81 % Operating efficiency ratio calculation Efficiency ratio (GAAP) 62.89 % 69.37 % 69.65 % 75.06 % 67.74 % Acquisition-related expenses (2.25 ) (4.10 ) (3.61 ) (1.98 ) — Loss related to wire fraud incident — — — (3.38 ) — Tax-free gain related to BOLI claim 1.06 — — — — Loss on sales of securities (0.29 ) — — (2.81 ) — Operating efficiency ratio 61.41 % 65.27 % 66.04 % 66.89 % 67.74 % Operating net noninterest expense(1) to average assets calculation Net noninterest expense to average assets 1.55 % 1.86 % 1.73 % 1.86 % 1.52 % Acquisition-related expenses (0.10 ) (0.18 ) (0.15 ) (0.09 ) — Loss related to wire fraud incident — — — (0.16 ) — Tax-free gain related to BOLI claim 0.08 — — — — Loss on sales of securities (0.02 ) — — (0.13 ) — Operating net noninterest expense to average assets 1.51 % 1.68 % 1.58 % 1.48 % 1.52 % Pre-provision net revenue Net interest income before provision for credit losses $ 29,869 $ 29,203 $ 25,865 $ 22,699 $ 22,385 Noninterest income 12,158 10,692 11,047 10,091 10,098 Total income 42,027 39,895 36,912 32,790 32,483 Noninterest expense 26,431 27,674 25,709 24,612 22,004 Pre-provision net revenue $ 15,596 $ 12,221 $ 11,203 $ 8,178 $ 10,479 Operating pre-provision net revenue Net interest income before provision for credit losses $ 29,869 $ 29,203 $ 25,865 $ 22,699 $ 22,385 Operating noninterest income 11,638 10,692 11,047 11,130 10,098 Total operating income 41,507 39,895 36,912 33,829 32,483 Operating noninterest expense 25,488 26,037 24,378 22,628 22,004 Operating pre-provision net revenue $ 16,019 $ 13,858 $ 12,534 $ 11,201 $ 10,479 _______________________________ (1) Net noninterest expense is defined as noninterest expense less noninterest income. Colony Bankcorp, Inc. Selected Financial Information 2026 2025 (dollars in thousands, except per share data) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter EARNINGS SUMMARY Net interest income $ 29,869 $ 29,203 $ 25,865 $ 22,699 $ 22,385 Provision for credit losses 1,900 1,750 1,650 900 450 Noninterest income 12,158 10,692 11,047 10,091 10,098 Noninterest expense 26,431 27,674 25,709 24,612 22,004 Income taxes 2,839 2,267 1,710 1,459 2,051 Net income $ 10,857 $ 8,204 $ 7,843 $ 5,819 $ 7,978 PER COMMON SHARE Common shares outstanding 21,158,353 21,162,104 21,251,695 17,461,284 17,416,702 Weighted average basic shares 21,160,128 21,222,237 18,729,511 17,461,434 17,448,945 Weighted average diluted shares 21,160,128 21,222,237 18,729,511 17,461,434 17,448,945 Earnings per basic share $ 0.51 $ 0.39 $ 0.42 $ 0.33 $ 0.46 Earnings per diluted share 0.51 0.39 0.42 0.33 0.46 Operating earnings per diluted share(b) 0.52 0.45 0.48 0.47 0.46 Cash dividends declared per share 0.1200 0.1200 0.1150 0.1150 0.1150 Common book value per share 18.43 17.98 17.69 17.31 16.87 Tangible book value per common share(b) 15.12 14.65 14.31 14.20 13.73 Pre-provision net revenue(b) 15,596 12,221 11,203 8,178 10,479 SELECTED PERFORMANCE RATIOS: Return on average assets 1.18 % 0.90 % 0.93 % 0.75 % 1.02 % Return on average total equity 11.33 8.77 9.49 7.80 11.14 Return on average tangible equity 13.86 10.80 11.63 9.56 13.70 Efficiency ratio 62.89 69.37 69.65 75.06 67.74 Net noninterest expense to average assets 1.55 1.86 1.73 1.86 1.52 Total equity to total assets 10.75 10.22 10.06 9.59 9.43 Tangible equity to tangible assets (b) 8.99 8.49 8.30 8.00 7.81 Net interest margin (a) 3.52 3.48 3.32 3.17 3.12 OPERATING SELECTED PERFORMANCE RATIOS: Operating return on average assets(b) 1.20 % 1.04 % 1.05 % 1.06 % 1.02 % Operating return on average total equity(b) 11.51 10.13 10.78 11.03 11.14 Operating return on average tangible equity(b) 14.09 12.49 13.20 13.52 13.70 Operating efficiency ratio(b) 61.41 65.27 66.04 66.89 67.74 Operating net noninterest expense to average assets(b) 1.51 1.68 1.58 1.48 1.52 Colony Bankcorp, Inc. Selected Financial Information 2026 2025 (dollars in thousands, except per share data) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter ASSET QUALITY Nonperforming portfolio loans $ 14,289 $ 12,619 $ 17,190 $ 9,082 $ 4,760 Nonperforming SBA government loans-guaranteed portion 3,261 2,012 4,772 4,076 4,583 Nonperforming SBA government loans-unguaranteed portion 1,362 2,968 1,418 1,110 1,241 Loans 90 days past due and still accruing 71 178 95 98 107 Total nonperforming loans (NPLs) 18,983 17,777 23,475 14,366 10,691 Other real estate owned 1,829 1,873 1,048 710 710 Repossessed assets 129 205 190 160 21 Total nonperforming assets (NPAs) 20,941 19,855 24,713 15,236 11,422 Classified loans 33,626 39,225 40,481 24,183 25,112 Criticized loans 86,680 86,740 84,721 60,505 54,814 Net loan charge-offs (recoveries) 1,781 1,709 1,600 1,827 1,049 Allowance for credit losses to total loans 0.89 % 0.90 % 0.97 % 0.89 % 0.96 % Allowance for credit losses to total NPLs 116.07 122.10 98.04 125.89 179.15 Allowance for credit losses to total NPAs 105.22 109.32 93.13 118.71 167.69 Net charge-offs (recoveries) to average loans, net 0.29 0.29 0.30 0.36 0.21 NPLs to total loans 0.77 0.74 0.99 0.71 0.54 NPAs to total assets 0.58 0.53 0.66 0.48 0.37 NPAs to total loans and foreclosed assets 0.85 0.82 1.04 0.75 0.57 ACTUAL BALANCES Total assets $ 3,627,583 $ 3,720,613 $ 3,735,401 $ 3,152,746 $ 3,115,617 Loans held for sale 24,218 16,536 78,990 19,286 22,163 Loans, net of unearned income 2,464,834 2,413,465 2,381,224 2,037,056 1,993,580 Deposits 2,972,176 3,048,419 3,067,521 2,584,329 2,556,230 Total stockholders’ equity 389,966 380,403 375,920 302,332 293,857 AVERAGE BALANCES Total assets $ 3,685,038 $ 3,698,663 $ 3,357,785 $ 3,092,411 $ 3,138,125 Loans held for sale 20,802 21,863 59,868 17,062 22,495 Loans, net of unearned income 2,432,676 2,399,971 2,148,729 2,024,153 1,960,025 Deposits 3,031,260 3,025,462 2,752,576 2,526,739 2,586,620 Total stockholders’ equity 384,514 379,582 327,830 296,027 287,325 _______________________________ (a) Computed using fully taxable-equivalent net income. (b) Non-GAAP measure - see “Explanation of Certain Unaudited Non-GAAP Financial Measures” for more information and reconciliation to GAAP. Colony Bankcorp, Inc. Average Balance Sheet and Net Interest Analysis Three Months Ended June 30, 2026 2025 (dollars in thousands) Average Income/ Yields/ Average Income/ Yields/ Balances Expense Rates Balances Expense Rates Assets Interest-earning assets: Loans held for sale $ 20,802 $ 367 7.08 % $ 22,495 $ 325 5.79 % Loans, net of unearned income1 2,432,676 38,800 6.40 1,960,025 30,139 6.17 Investment securities, taxable 646,072 4,452 2.76 698,416 4,759 2.73 Investment securities, tax-exempt2 93,939 487 2.08 93,082 492 2.12 Deposits in banks and short term investments 222,877 1,830 3.29 134,807 1,326 3.95 Total interest-earning assets 3,416,366 45,936 5.39 % 2,908,825 37,041 5.11 % Noninterest-earning assets 268,672 229,300 Total assets $ 3,685,038 $ 3,138,125 Liabilities and stockholders’ equity Interest-bearing liabilities: Interest-bearing demand and savings $ 1,711,126 6,166 1.45 % $ 1,529,608 6,310 1.65 % Other time 844,296 7,071 3.36 615,303 5,322 3.47 Total interest-bearing deposits 2,555,422 13,237 2.08 2,144,911 11,632 2.18 Federal Home Loan Bank advances 171,374 1,784 4.18 185,000 1,889 4.10 Other borrowings 63,165 891 5.66 63,072 929 5.91 Total other interest-bearing liabilities 234,539 2,675 4.57 248,072 2,818 4.56 Total interest-bearing liabilities 2,789,961 15,912 2.29 % 2,392,983 14,450 2.42 % Noninterest-bearing liabilities: Demand deposits 475,839 441,709 Other liabilities 34,724 16,108 Stockholders’ equity 384,514 287,325 Total noninterest-bearing liabilities and stockholders’ equity 895,077 745,142 Total liabilities and stockholders’ equity $ 3,685,038 $ 3,138,125 Interest rate spread 3.10 % 2.69 % Net interest income $ 30,024 $ 22,591 Net interest margin 3.52 % 3.12 % _____________________________________ 1 The average balance of loans includes the average balance of nonaccrual loans. Income on such loans is recognized and recorded on a cash basis. Taxable-equivalent adjustments totaling $53,000 and $102,000 for the three months ended June 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in income and fees on loans. Accretion income of $1.1 million and $17,000 for the three months ended June 30, 2026 and 2025, respectively, are also included in income and fees on loans. 2 Taxable-equivalent adjustments totaling $102,000 and $103,000 for the three months ended June 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in tax-exempt interest on investment securities. Six Months Ended June 30, 2026 2025 (dollars in thousands) Average Balances Income/ Expense Yields/ Rates Average Balances Income/ Expense Yields/ Rates Assets Interest-earning assets: Loans held for sale $ 21,330 $ 821 7.76 % $ 22,872 $ 653 5.76 % Loans, net of unearned income3 2,416,413 76,368 6.37 1,915,001 57,854 6.09 Investment securities, taxable 657,385 8,989 2.76 704,322 9,595 2.75 Investment securities, tax-exempt4 94,262 976 2.09 93,727 986 2.12 Deposits in banks and short term investments 231,613 3,823 3.33 181,651 3,648 4.05 Total interest-earning assets 3,421,003 90,977 5.36 % 2,917,573 72,736 5.03 % Noninterest-earning assets 270,810 226,120 Total assets $ 3,691,813 $ 3,143,693 Liabilities and stockholders’ equity Interest-bearing liabilities: Interest-bearing demand and savings $ 1,718,339 12,117 1.42 % $ 1,539,504 12,779 1.67 % Other time 828,501 13,934 3.39 608,648 10,627 3.52 Total interest-bearing deposits 2,546,840 26,051 2.06 2,148,152 23,406 2.20 Federal Home Loan Bank advances 183,122 3,769 4.15 185,000 3,762 4.10 Other borrowings 63,153 1,779 5.68 63,060 1,856 5.94 Total other interest-bearing liabilities 246,275 5,548 4.54 248,060 5,618 4.57 Total interest-bearing liabilities 2,793,115 31,599 2.28 % 2,396,212 29,024 2.44 % Noninterest-bearing liabilities: Demand deposits 481,537 448,457 Other liabilities 35,100 16,062 Stockholders’ equity 382,061 282,962 Total noninterest-bearing liabilities and stockholders’ equity 898,698 747,481 Total liabilities and stockholders’ equity $ 3,691,813 $ 3,143,693 Interest rate spread 3.08 % 2.59 % Net interest income $ 59,378 $ 43,712 Net interest margin 3.50 % 3.02 % _____________________________________ 3 The average balance of loans includes the average balance of nonaccrual loans. Income on such loans is recognized and recorded on a cash basis. Taxable-equivalent adjustments totaling $101,000 and $170,000 for the six months ended June 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in income and fees on loans. Accretion income of $2.4 million and $36,000 for the six months ended June 30, 2026 and 2025, respectively, are also included in income and fees on loans. 4 Taxable-equivalent adjustments totaling $205,000 and $207,000 for the six months ended June 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in tax-exempt interest on investment securities. Colony Bankcorp, Inc. Segment Reporting 2026 2025 (dollars in thousands) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter Banking Division Net interest income $ 28,435 $ 28,223 $ 24,781 $ 21,629 $ 21,319 Provision for credit losses 801 780 776 (371 ) (330 ) Noninterest income 8,777 7,131 6,996 6,144 5,969 Noninterest expenses 23,335 24,420 22,502 21,075 18,269 Income taxes 2,703 2,194 1,493 1,413 1,908 Net income $ 10,373 $ 7,960 $ 7,006 $ 5,656 $ 7,441 Total assets $ 3,521,331 $ 3,619,249 $ 3,625,785 $ 3,046,699 $ 3,010,416 Full time employees 441 426 447 383 390 Mortgage Banking Division Net interest income $ 78 $ 38 $ 65 $ 62 $ 44 Provision for credit losses — — — — — Noninterest income 2,182 1,886 2,012 1,851 1,984 Noninterest expenses 1,828 1,702 1,695 2,066 1,710 Income taxes 95 52 81 (27 ) 69 Net income $ 337 $ 170 $ 301 $ (126 ) $ 249 Total assets $ 15,077 $ 12,036 $ 13,648 $ 12,959 $ 14,296 Variable noninterest expense(1) $ 659 $ 597 $ 984 $ 1,229 $ 1,157 Fixed noninterest expense $ 1,169 $ 1,105 $ 711 $ 837 $ 553 Full time employees 53 48 48 46 43 Small Business Specialty Lending Division Net interest income $ 1,356 $ 942 $ 1,019 $ 1,008 $ 1,022 Provision for credit losses 1,099 970 874 1,271 780 Noninterest income 1,199 1,675 2,039 2,096 2,145 Noninterest expenses 1,268 1,552 1,512 1,471 2,025 Income taxes 41 21 136 73 74 Net income $ 147 $ 74 $ 536 $ 289 $ 288 Total assets $ 91,175 $ 89,328 $ 95,968 $ 93,088 $ 90,905 Full time employees 34 32 31 31 34 Total Consolidated Net interest income $ 29,869 $ 29,203 $ 25,865 $ 22,699 $ 22,385 Provision for credit losses 1,900 1,750 1,650 900 450 Noninterest income 12,158 10,692 11,047 10,091 10,098 Noninterest expenses 26,431 27,674 25,709 24,612 22,004 Income taxes 2,839 2,267 1,710 1,459 2,051 Net income $ 10,857 $ 8,204 $ 7,843 $ 5,819 $ 7,978 Total assets $ 3,627,583 $ 3,720,613 $ 3,735,401 $ 3,152,746 $ 3,115,617 Full time employees 528 506 526 460 467 _____________________________ (1) Variable noninterest expense includes commission based salary expenses and volume based loan related fees. Colony Bankcorp, Inc. Consolidated Balance Sheets June 30, 2026 December 31, 2025 (dollars in thousands) (unaudited) (audited) ASSETS Cash and due from banks $ 25,257 $ 27,307 Interest-bearing deposits in banks and federal funds sold 134,362 230,333 Cash and cash equivalents 159,619 257,640 Investment securities available for sale, at fair value 370,821 383,817 Investment securities held to maturity, at amortized cost 365,251 386,618 Other investments 17,864 19,176 Loans held for sale 24,218 78,990 Loans, net of unearned income 2,464,834 2,381,224 Allowance for credit losses (22,034 ) (23,014 ) Loans, net 2,442,800 2,358,210 Premises and equipment 37,139 37,045 Other real estate owned 1,829 1,048 Goodwill 63,047 63,873 Other intangible assets 6,971 7,851 Bank owned life insurance 68,693 68,457 Deferred income taxes, net 17,986 19,582 Other assets 51,345 53,094 Total assets $ 3,627,583 $ 3,735,401 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities: Deposits: Noninterest-bearing $ 464,062 $ 526,803 Interest-bearing 2,508,114 2,540,718 Total deposits 2,972,176 3,067,521 Federal Home Loan Bank advances 169,989 194,972 Other borrowed money 63,179 63,132 Accrued expenses and other liabilities 32,273 33,856 Total liabilities 3,237,617 3,359,481 Stockholders’ equity Common stock, $1 par value; 50,000,000 shares authorized, 21,158,353 and 21,251,695 issued and outstanding, respectively 21,158 21,252 Paid in capital 227,246 228,577 Retained earnings 174,558 160,584 Accumulated other comprehensive loss, net of tax (32,996 ) (34,493 ) Total stockholders’ equity 389,966 375,920 Total liabilities and stockholders’ equity $ 3,627,583 $ 3,735,401 Colony Bankcorp, Inc. Consolidated Statements of Income (unaudited) Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 (dollars in thousands, except per share data) Interest income: Loans, including fees $ 39,114 $ 30,361 $ 77,088 $ 58,337 Investment securities 4,837 5,148 9,760 10,375 Deposits in banks and short term investments 1,830 1,326 3,823 3,648 Total interest income 45,781 36,835 90,671 72,360 Interest expense: Deposits 13,237 11,632 26,051 23,405 Federal Home Loan Bank advances 1,784 1,889 3,769 3,762 Other borrowings 891 929 1,779 1,856 Total interest expense 15,912 14,450 31,599 29,023 Net interest income 29,869 22,385 59,072 43,337 Provision for credit losses 1,900 450 3,650 1,950 Net interest income after provision for credit losses 27,969 21,935 55,422 41,387 Noninterest income: Service charges on deposits 2,561 2,219 5,122 4,391 Mortgage fee income 2,141 1,984 4,076 3,563 Gain on sales of SBA loans 506 1,550 1,468 2,585 Other SBA income 692 595 1,406 1,251 Loss on sales of securities (186 ) — (186 ) — Interchange fees 2,400 2,073 4,586 4,011 BOLI income 1,217 423 1,694 819 Insurance commissions 922 766 1,766 1,235 Other 1,905 488 2,919 1,287 Total noninterest income 12,158 10,098 22,851 19,142 Noninterest expense: Salaries and employee benefits 15,539 12,865 31,462 24,770 Occupancy and equipment 2,109 1,683 4,066 3,263 Acquisition related 943 — 2,580 — Information technology expenses 2,902 2,592 5,675 5,069 Professional fees 939 742 2,059 1,490 Advertising and public relations 982 942 2,088 1,747 Communications 235 188 460 393 Other 2,782 2,992 5,716 5,493 Total noninterest expense 26,431 22,004 54,106 42,225 Income before income taxes 13,696 10,029 24,167 18,304 Income taxes 2,839 2,051 5,106 3,713 Net income $ 10,857 $ 7,978 $ 19,061 $ 14,591 Earnings per common share: Basic $ 0.51 $ 0.46 $ 0.90 $ 0.83 Diluted 0.51 0.46 0.90 0.83 Dividends declared per share 0.1200 0.1150 0.2400 0.2300 Weighted average common shares outstanding: Basic 21,160,128 17,448,945 21,191,011 17,478,836 Diluted 21,160,128 17,448,945 21,191,011 17,478,836 Colony Bankcorp, Inc. Quarterly Consolidated Statements of Income 2026 2025 Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter (dollars in thousands, except per share data) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) Interest income: Loans, including fees $ 39,114 $ 37,974 $ 34,461 $ 31,535 $ 30,361 Investment securities 4,837 4,923 4,543 4,518 5,148 Deposits in banks and short term investments 1,830 1,993 1,696 839 1,326 Total interest income 45,781 44,890 40,700 36,892 36,835 Interest expense: Deposits 13,237 12,814 11,973 11,332 11,632 Federal Home Loan Bank advances 1,784 1,985 1,947 1,909 1,889 Other borrowings 891 888 915 952 929 Total interest expense 15,912 15,687 14,835 14,193 14,450 Net interest income 29,869 29,203 25,865 22,699 22,385 Provision for credit losses 1,900 1,750 1,650 900 450 Net interest income after provision for credit losses 27,969 27,453 24,215 21,799 21,935 Noninterest income: Service charges on deposits 2,561 2,561 2,664 2,640 2,219 Mortgage fee income 2,141 1,935 2,121 1,851 1,984 Gain on sales of SBA loans 506 962 1,376 1,411 1,550 Other SBA income 692 714 663 686 595 Loss on sales of securities (186 ) — — (1,039 ) — Interchange fees 2,400 2,186 2,154 2,273 2,073 BOLI income 1,217 477 577 396 423 Insurance commissions 922 844 755 874 766 Other 1,905 1,013 737 999 488 Total noninterest income 12,158 10,692 11,047 10,091 10,098 Noninterest expense: Salaries and employee benefits 15,539 15,923 14,115 13,532 12,865 Occupancy and equipment 2,109 1,957 1,758 1,732 1,683 Acquisition related 943 1,637 1,331 732 — Information technology expenses 2,902 2,774 2,903 2,680 2,592 Professional fees 939 1,120 1,019 998 742 Advertising and public relations 982 1,106 1,402 1,130 942 Communications 235 224 194 218 188 Other 2,782 2,933 2,987 3,590 2,992 Total noninterest expense 26,431 27,674 25,709 24,612 22,004 Income before income taxes 13,696 10,471 9,553 7,278 10,029 Income taxes 2,839 2,267 1,710 1,459 2,051 Net income $ 10,857 $ 8,204 $ 7,843 $ 5,819 $ 7,978 Earnings per common share: Basic $ 0.51 $ 0.39 $ 0.42 $ 0.33 $ 0.46 Diluted 0.51 0.39 0.42 0.33 0.46 Dividends declared per share 0.1200 0.1200 0.1150 0.1150 0.1150 Weighted average common shares outstanding: Basic 21,160,128 21,222,237 18,729,511 17,461,434 17,448,945 Diluted 21,160,128 21,222,237 18,729,511 17,461,434 17,448,945 Colony Bankcorp, Inc. Quarterly Deposits Composition Comparison 2026 2025 (dollars in thousands) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter Noninterest-bearing demand $ 464,062 $ 495,234 $ 526,803 $ 442,142 $ 434,785 Interest-bearing demand 900,546 927,768 932,262 811,031 838,540 Savings and money markets 779,890 806,434 787,811 644,312 667,135 Time over $250,000 264,968 237,311 239,175 192,545 193,427 Other time 562,710 581,672 581,470 494,299 422,343 Total $ 2,972,176 $ 3,048,419 $ 3,067,521 $ 2,584,329 $ 2,556,230 Colony Bankcorp, Inc. Quarterly Deposits by Location Comparison 2026 2025 (dollars in thousands) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter Augusta $ 29,688 $ 22,496 $ 18,387 $ — $ — Florida 171,594 167,406 157,056 — — Coastal Georgia 136,189 129,957 141,013 127,587 138,838 Middle Georgia 257,035 266,574 262,075 259,934 277,880 Atlanta and North Georgia 305,149 311,159 335,762 315,822 344,329 South Georgia 1,382,532 1,421,164 1,431,775 1,205,891 1,203,732 West Georgia 311,776 328,077 326,054 341,056 325,946 Brokered deposits 123,512 136,894 131,906 130,000 59,494 Reciprocal deposits 254,701 264,692 263,493 204,039 206,011 Total $ 2,972,176 $ 3,048,419 $ 3,067,521 $ 2,584,329 $ 2,556,230 Colony Bankcorp, Inc. Quarterly Loan Comparison 2026 2025 (dollars in thousands) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter Core $ 2,011,354 $ 1,940,583 $ 1,885,200 $ 1,935,648 $ 1,887,456 Purchased 453,480 472,882 496,024 101,408 106,124 Loans, net of unearned income $ 2,464,834 $ 2,413,465 $ 2,381,224 $ 2,037,056 $ 1,993,580 Colony Bankcorp, Inc. Quarterly Loans by Composition Comparison 2026 2025 (dollars in thousands) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter Construction, land & land development $ 285,508 $ 309,161 $ 302,512 $ 240,819 $ 238,078 Other commercial real estate 1,272,574 1,240,210 1,249,720 1,064,984 1,059,149 Total commercial real estate 1,558,082 1,549,371 1,552,232 1,305,803 1,297,227 Residential real estate 499,015 483,247 459,549 377,058 356,515 Commercial, financial & agricultural 230,364 220,933 218,532 213,274 212,872 Consumer and other 177,373 159,914 150,911 140,921 126,966 Loans, net of unearned income $ 2,464,834 $ 2,413,465 $ 2,381,224 $ 2,037,056 $ 1,993,580 Colony Bankcorp, Inc. Quarterly Loans by Location Comparison 2026 2025 (dollars in thousands) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter Alabama $ 49,410 $ 49,546 $ 47,971 $ 48,351 $ 50,856 Florida 243,326 238,262 236,810 26,061 24,562 Augusta 85,593 84,548 85,072 92,988 95,246 Coastal Georgia 354,035 355,350 358,271 263,763 253,177 Middle Georgia 113,706 115,385 121,276 120,601 125,435 Atlanta and North Georgia 445,409 455,197 456,593 463,007 445,921 South Georgia 523,424 512,651 462,085 403,192 408,954 West Georgia 202,800 186,661 174,626 172,688 168,968 Small Business Specialty Lending 80,864 83,288 84,928 84,999 81,242 Consumer Portfolio Mortgages 258,769 236,984 263,385 270,941 262,846 Marine/RV Lending 106,823 94,775 88,852 88,968 75,649 Other 675 818 1,355 1,497 724 Loans, net of unearned income $ 2,464,834 $ 2,413,465 $ 2,381,224 $ 2,037,056 $ 1,993,580 Colony Bankcorp, Inc. Classified Loans 2026 2025 (dollars in thousands) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter $ # $ # $ # $ # $ # Construction, land & land development $ 381 12 $ 214 8 $ 1,438 10 $ 1,644 8 $ 126 4 Other commercial real estate 19,868 45 23,966 52 22,871 52 12,973 45 16,687 48 Residential real estate 5,870 91 6,160 95 6,115 92 1,503 75 1,222 73 Commercial, financial & agricultural 7,166 90 8,655 107 9,857 109 7,947 90 7,071 64 Consumer and other 341 40 230 32 200 34 116 27 6 25 TOTAL $ 33,626 278 $ 39,225 294 $ 40,481 297 $ 24,183 245 $ 25,112 214 Classified loans to total loans 1.36 % 1.63 % 1.70 % 1.19 % 1.26 % Colony Bankcorp, Inc. Criticized Loans 2026 2025 (dollars in thousands) Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter $ # $ # $ # $ # $ # Construction, land & land development $ 6,352 36 $ 6,574 34 $ 17,605 13 $ 14,393 12 $ 2,207 10 Other commercial real estate 58,023 71 54,522 69 40,073 71 24,934 60 30,034 69 Residential real estate 10,525 96 12,522 103 11,515 99 6,528 81 7,224 79 Commercial, financial & agricultural 11,439 97 12,892 114 15,197 120 14,403 99 15,212 85 Consumer and other 341 40 230 32 331 35 247 28 137 26 TOTAL $ 86,680 340 $ 86,740 352 $ 84,721 338 $ 60,505 280 $ 54,814 269 Criticized loans to total loans 3.52 % 3.59 % 3.56 % 2.97 % 2.75 % Colony Bankcorp, Inc. Quarterly Net Charge offs by Composition 2026 2025 Second First Fourth Third Second Quarter Quarter Quarter Quarter Quarter Construction, land & land development (0.01 ) % - % - % - % - % Other commercial real estate 0.08 0.08 (0.04 ) 0.05 0.01 Residential real estate - 0.01 (0.01 ) (0.01 ) 0.02 Commercial, financial & agricultural 0.10 0.12 0.22 0.24 0.12 Consumer and other 0.12 0.08 0.13 0.08 0.06 Loans, net of unearned income 0.29 % 0.29 % 0.30 % 0.36 % 0.21 % For additional information, contact: Derek Shelnutt EVP & Chief Financial Officer 229-426-6000, extension 6119 Source: Colony Bankcorp, Inc.