Colony Bankcorp, Inc. · NYSE:CBAN
Colony Bankcorp — Q3 2026 Earnings Presentation
45 slides from Colony Bankcorp's earnings presentation, Oct 28, 2026
Slide 1: Investor Presentation Third Quarter 2026
INVESTOR PRESENTATION Third Quarter 2026
Slide 2: Forward-looking statements
2 This presentation contains “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 Colony Ba
Slide 3: Cautionary Statements
3 CAUTIONARY STATEMENTS 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); ge
Slide 4: Non-GAAP Financial Measures
4 NON-GAAP FINANCIAL MEASURES The measures entitled operating noninterest income, operating noninterest expense, operating net income, operating earnings per diluted share, operating return on average assets, operating return on average equity, return on average tangible equity, operating return on
Slide 5: Company Profile
5 • $3.6 billion in assets as of September 30, 2026 • More than 40 locations throughout Georgia and northern Florida • Diversified and scalable revenue streams • Proven history of consistent organic growth • Strong core deposit funding COMPANY PROFILE
Slide 6: Colony Bankcorp, Inc.
COLONY - BANKCORP, INC. Since 1975, Colony Bank has existed to enable progress for better lives. What began in Fitzgerald, Georgia, has grown into a leading community bank serving customers through more than 40 locations across Georgia and North Florida. By combining innovative financial solutions w
Slide 7: Purpose, Mission and Core Values
COLONY BANKCORP, INC. The Colony Bank logo features a symbolic lotus flower within its icon, representing the Company's strength and resilience. Paired with upward rays of sunshine, it signifies the potential for a new day and highlights our commitment to supporting our customers’ needs. This design
Slide 8: Executive Leadership Team
8 Name Position Years In Banking Years With Colony T. Heath Fountain Chief Executive Officer 26 8 R. Dallis "D" Copeland, Jr. President 34 5 Derek Shelnutt EVP, Chief Financial Officer 12 6 Edward "Lee" Bagwell EVP, Chief Risk Officer and General Counsel 23 23 Leonard H. "Lenny" Bateman EVP, Chief C
Slide 9: Third Quarter Financial Highlights
9 THIRD QUARTER FINANCIAL HIGHLIGHTS • Operating net income(1) of $11.6 million • Eighth consecutive quarter of net interest margin expansion to 3.59% • Operating return on average assets(1) of 1.26% • Operating earnings per share(1) of $0.54 • Operating return on average equity(1) of 11.71% and ope
Slide 10: Quarterly Financial Highlights
10 QUARTERLY FINANCIAL HIGHLIGHTS (1) Non-GAAP financial measure. See non-GAAP reconciliations within this presentation. $ in thousands, except per share data 3Q26 2Q26 3Q25 GAAP Highlights Net Income $10,521 $10,857 $5,819 Earnings per share $0.50 $0.51 $0.33 Return on average assets 1.14% 1.18% 0.
Slide 11: Delivering Shareholder Value
11 DELIVERING SHAREHOLDER VALUE (1) Non-GAAP financial measure. See non-GAAP reconciliations within this presentation. $0.47 $0.48 $0.45 $0.52 $0.54 3Q25 4Q25 1Q26 2Q26 3Q26 Operating Earnings Per Share(1) $8.2 $8.9 $9.5 $11.0 $11.6 3Q25 4Q25 1Q26 2Q26 3Q26 Operating Net Income in millions(1) 1.06%
Slide 12: Objectives and Focus
12 OBJECTIVES AND FOCUS • Achieve performance objectives in complementary lines of business • Maintain noninterest expense discipline to align with growth expectations • Achieve return on assets target of >1.35% • Successfully complete the First Reliance merger • Focus on growing core deposits and c
Slide 13: Organic Growth
13 ORGANIC GROWTH • Presence in dynamic growth markets of Atlanta, Augusta, Jacksonville, Tallahassee, the Florida Panhandle, and Savannah provides opportunity for above average growth • Second-tier MSA markets of Albany, Columbus, Macon, Valdosta, and Tifton have significant market share held by la
Slide 14: M&A Strategy
14 M&A STRATEGY • Colony seeks to benefit from industry consolidation and become the acquirer of choice in Georgia and contiguous states • 350 banks under $1 billion • 79 banks between $1 billion and $3 billion • Proactive outreach effort to generate opportunities • Management team with deep M&A exp
Slide 15: First Reliance Merger
15 FIRST RELIANCE MERGER • Entry into bordering state of South Carolina with significant presence in the major cities of Greenville, Charleston, Columbia, Myrtle Beach and Florence • Enables cross-sell of noninterest income products, such as insurance, wealth, merchant services and credit cards, int
Slide 16: First Reliance Merger - Financial Highlights
16 FIRST RELIANCE MERGER - FINANCIAL HIGHLIGHTS • First Reliance Bancshares, Inc. to merge with and into Colony Bankcorp, Inc. • Pro Forma Assets of approximately $5 billion • Implied Aggregate Transaction Value at Announcement: $163 million • Price/Tangible Book Value per Share: 162% • Estimated ta
Slide 17: Sale-Leaseback and Investment Restructuring
17 SALE-LEASEBACK AND INVESTMENT RESTRUCTURING • On October 27, 2026, Colony Bank entered into a Purchase and Sales Agreement to sell three retail bank branch properties and concurrently entered into a master lease agreement to lease back the properties in a sale-leaseback transaction • Aggregate gr
Slide 18: Sale-Leaseback and Investment Restructuring
18 SALE-LEASEBACK AND INVESTMENT RESTRUCTURING • Expected aggregate pre-tax gain on the transaction of approximately $15 million • The gain generated as part of the sale-leaseback transaction is intended to be offset by realized losses expected from the sale of underperforming available-for-sale (AF
Slide 19: Efficiency and Scaling
19 EFFICIENCY AND SCALING • Focused on process improvement and ensuring it is easy to do business with Colony Bank • Utilization of Robotic Process Automation ("RPA") and other innovative technology to improve the customer experience • Leveraging AI to streamline workflows, reduce manual processes,
Slide 20: Innovation and Data Strategy
20 INNOVATION AND DATA STRATEGY • Investing in Innovation: Participating in fintech funds that connect us with leading technology partners and emerging solutions shaping the future of banking • Expanding Through Fintech Partnerships: Partnering with innovative fintechs to deliver modern products and
Slide 21: Complementary Lines of Business
21 COMPLEMENTARY LINES OF BUSINESS 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 (Dollars in thousands) Pre-tax Profit/Loss Pre-tax Profit/Loss Pre-tax Profit/Loss Pre-tax Profit/Loss Pre-tax Profit/Loss Mortgage $ (153) $ 382 $ 222 $ 432 $ (74) SBSL 362 672 95 188 504 Marine/RV Lending 448 538 459 511 28
Slide 22: Small Business Specialty Lending Group
22 SMALL BUSINESS SPECIALTY LENDING GROUP (Dollars in millions) Production and Sales Volume Loan Portfolio Breakdown - $82.1 million $28.4 $29.1 $13.1 $13.0 $29.9 $18.2 $16.8 $10.4 $5.5 $12.7 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Production Sales
Slide 23: Mortgage Division
23 MORTGAGE DIVISION (Dollars in millions) • Stable production and sales volumes relative to changing market rates • Remain focused on secondary market products and gain on sale of mortgage loans • Continue to adjust staffing levels, delivery models and product set to maintain profitability Producti
Slide 24: Colony Financial Advisors
24 COLONY FINANCIAL ADVISORS (Dollars in millions) • Established and experienced financial advisor team • Attractive opportunities for growth in key markets of Atlanta, Jacksonville, Savannah, and Tallahassee • Focused on attracting and recruiting top financial advisors to support growth and long-te
Slide 25: Colony Insurance
25 COLONY INSURANCE • Items and premiums in force remain relatively stable, supported by increased sales despite continued retention pressure, which began to ease in May 2026 • New home and auto policies continue to be added; however, current customer moves have reduced both item count and total pre
Slide 26: Shareholder Focused Dividend Policy
26 The current indicated annual rate is $0.48 per share, equating to a yield of 2.4%.(2) SHAREHOLDER FOCUSED DIVIDEND POLICY (1) The Board of Directors declared a dividend to be paid on its common stock on November 25, 2026, to shareholders of record as of the close of business on November 11, 2026.
Slide 27: Capital Ratios
27 CAPITAL RATIOS 9.9% 10.8% 9.8% 10.2% 10.6% 13.4% 13.6% 13.4% 13.9% 14.4% 16.0% 16.0% 15.8% 16.2% 16.8% 12.4% 12.7% 12.5% 13.0% 13.5% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Tier One Leverage Ratio Tier One Ratio Total Risk-based Capital Ratio Common Equity Tier One Capital Ratio
Slide 28: Strength in Our Liquidity Position
28 STRENGTH IN OUR LIQUIDITY POSITION Significant liquidity sources (dollars in millions) FRB Reserves $ 98.9 Other Cash and Due from Banks 88.8 Unencumbered Securities 346.8 FHLB Borrowing Capacity 884.0 Fed Fund Lines 133.5 FRB Discount Window 135.8 Total Liquidity Sources $ 1,687.8 Debt Funding*
Slide 29: Annual Noninterest Income Mix
29 ANNUAL NONINTEREST INCOME MIX 35% 30% 31% 34% 30% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2021 2022 2023 2024 2025 Service Charges & Fees Mortgage Loans & Related Fees SBA & Related Fees Insurance Division Merchant Services Wealth Management Interchange Income Other Total Non Int Inc/Total In
Slide 30: Quarterly Noninterest Income Mix
30 QUARTERLY NONINTEREST INCOME MIX 31% 30% 27% 29% 29% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Service Charges & Fees Mortgage Loans & Related Fees SBA & Related Fees Insurance Division Merchant Services Wealth Management Interchange Income Other Total No
Slide 31: Annual Deposit Mix and Pricing
31 ANNUAL DEPOSIT MIX AND PRICING 0.19% 0.32% 1.76% 2.42% 2.15% 2021 2022 2023 2024 2025 Noninterest-bearing Interest-bearing Savings/money market Time Cost of interest-bearing deposits
Slide 32: Quarterly Deposit Mix and Pricing
32 QUARTERLY DEPOSIT MIX AND PRICING 2.14% 2.07% 2.05% 2.08% 2.12% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Noninterest-bearing Interest-bearing Savings/money market Time Cost of interest-bearing deposits
Slide 33: Deposit Balance Data
33 DEPOSIT BALANCE DATA • Commercial/business is 15.6% of accounts and represents 43.0% of total deposits balance • Consumer is 84.4% of accounts and represents 57.0% of total deposits balance As of September 30, 2026 (excludes brokered and reciprocal deposits) (Dollars in thousands) $13.2 $14.6 $14
Slide 34: Diversity of Business Deposit Base
34 DIVERSITY OF BUSINESS DEPOSIT BASE As determined by customer provided NAICS Codes As of September 30, 2026
Slide 35: Loan Portfolio Breakdown
35 LOAN PORTFOLIO BREAKDOWN As of September 30, 2026 $2,477.1 million $2,061.7 million
Slide 36: Loan Portfolio
36 LOAN PORTFOLIO 5.89% 5.84% 5.88% 5.93% 6.04% 15.16% 14.39% 13.48% 13.08% 12.74% 9.84% 8.54% 8.67% 8.53% 8.99% 10.89% 11.09% 11.42% 11.50% 11.52% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Loan Yields by Department/Product Bank-Internally Originated Third Party Originators-Upstart SBSL-7a SBSL-Expres
Slide 37: Credit Migration
37 CREDIT MIGRATION $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Classified Loans Newly Identified Loans Resolutions/Payoffs/Upgrades $- $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q
Slide 38: Loan Portfolio
38 LOAN PORTFOLIO (Dollars in millions) Commercial Real Estate Production 7.83% 7.33% 7.11% 7.14% 7.26% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Loan Portfolio Composition Organic Purchased Loans Weighted average rate on new & renewed loans $38.1 $34.7 $43.0 $59.4 $44.4 $34.8 $14.1 $20.6 $12.2 $10.6
Slide 39: Commercial Real Estate by Type
39 COMMERCIAL REAL ESTATE BY TYPE Type Outstanding Balance Average Deal Size Retail $ 157,650 $ 1,159 Multifamily 120,444 1,324 Office 122,458 935 Industrial & Warehouse 69,368 1,176 Hotel/Motel 123,408 3,010 Convenience Store 9,891 989 Daycare 23,911 1,258 Civic/Event Center 27,374 2,281 Mini-wareh
Slide 40: Repricing Schedule
40 REPRICING SCHEDULE Quarterly Fiscal Year 2028 & (Dollars in millions) 4Q 2026 1Q 2027 2Q 2027 3Q 2027 2026 2027 Beyond Loan Maturity & Repricing Schedule: Fixed Rate Loans $ 49 $ 24 $ 52 $ 87 $ 49 $ 223 $ 1,141 Weighted Average Rate 6.20 % 5.75 % 5.12 % 4.77 % 6.20 % 5.21 % 5.92 % Adjustable & Va
Slide 41: Investment Securities
41 INVESTMENT SECURITIES As of: Average Life Effective Duration Book Yield 09/30/2025 6.00 4.60 2.32% 12/31/2025 5.60 4.30 2.52% 03/31/2026 5.90 4.40 2.53% 06/30/2026 5.60 4.30 2.50% 09/30/2026 6.10 4.50 2.72% Other Portfolio Metrics Pre-tax Unrealized Losses on Securities (in millions) Current base
Slide 42: Investment Considerations
42 INVESTMENT CONSIDERATIONS • Premier Southeast community bank located in growing markets • Core deposit funded with minimal reliance on wholesale funding • Diversified sources of revenue • Improving earnings outlook as new business lines and markets mature • Upside potential to tangible book value
Slide 43: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES
Slide 44: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES
Slide 45: Colony Bankcorp, Inc.
i A, f, COLONY BANKCORP, INC. NYSE: CBAN