Colony Bankcorp, Inc. · NYSE:CBAN
Colony Bankcorp — Q2 2025 Earnings Presentation
33 slides from Colony Bankcorp's earnings presentation, Jul 24, 2025
Slide 1: Investor Presentation Second Quarter 2025
INVESTOR PRESENTATION Second Quarter 2025
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS 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 co
Slide 3: Company Profile
COMPANY PROFILE • Georgia’s largest community bank by deposit market share(1) • $3.1 billion in assets as of June 30, 2025 • 36 locations in Georgia, 1 in Alabama and 2 in Florida • Diversification of revenue streams • Track record of solid organic growth • Increase in deposit franchise (1) Communit
Slide 4: Colony Bankcorp, Inc.
COLONY 50 - ates — ( BANKCORP, INC. Since 1975, Colony Bank has been empowering progress for individuals, families, and businesses. What began as a single vision in Fitzgerald, Georgia, has transformed into a five-decade journey marked by trust, growth, and innovation. Today, we proudly serve custom
Slide 5: Our Purpose and Values
@ 2025 —_ COLONY 9) BANKCORP, INC. YEARS 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’
Slide 6: Executive Leadership Team
EXECUTIVE LEADERSHIP TEAM Years In Years With Name Position Banking Colony Edward "Lee" Bagwell EVP, Chief Risk Officer and General Counsel 22 22 Leonard H. "Lenny" EVP, Chief Credit Officer 29 6 Bateman Ed Canup EVP, Chief Banking Officer 42 2 R. Dallis "D" Copeland, Jr. President 33 3 Kimberly Doc
Slide 7: Objectives and Focus
OBJECTIVES AND FOCUS Short-Term Objectives Long-Term Objectives • Achieve performance objectives • 5 complementary lines of business in complementary lines of > $1 million in net income business • Improve efficiency through • Maintain noninterest expense economies of scale discipline to align with g
Slide 8: Organic Growth
ORGANIC GROWTH • Presence in dynamic growth markets of Atlanta, Augusta, Birmingham, North Florida and Savannah provides opportunity for above average growth • Second-tier MSA markets of Albany, Columbus, Macon and Valdosta have significant market share held by large regional and national banks, cre
Slide 9: M&A Strategy
M&A STRATEGY • Colony seeks to benefit from industry consolidation and become the acquirer of choice in Georgia and contiguous states • 319 banks under $600 million • 87 banks between $600 million and $1.2 billion • Proactive outreach effort to generate opportunities • Management team with deep M&A
Slide 10: Efficiency and Scaling
EFFICIENCY AND SCALING • Focused on process improvement and ensuring it is easy to do business with Colony Bank • Hired a Director of Optimization with experience from a large regional bank to oversee process improvement and customer experience • Utilization of Robotic Process Automation ("RPA") and
Slide 11: Innovation and Data Strategy
INNOVATION AND DATA STRATEGY • Successful digital banking implementation offering customers an elevated, seamless and convenient banking experience • Research and develop all potential technology-based opportunities • Increase customer wallet share through data gathering and analytics • Full impleme
Slide 12: Complementary Lines of Business
COMPLEMENTARY LINES OF BUSINESS 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Pre-tax Profit/ Pre-tax Profit/ Pre-tax Profit/ Pre-tax Profit/ Pre-tax Profit/ Loss Loss Loss Loss Loss (Dollars in thousands) Mortgage $ 180 $ 346 $ (101) $ 31 $ 317 SBSL 1,674 1,819 2,242 492 362 Marine/RV Lending (58) 22 211
Slide 13: Small Business Specialty Lending Group
SMALL BUSINESS SPECIALTY LENDING GROUP Production and Sales Volume Loan Portfolio Breakdown - $81.2 million (Dollars in millions) $30.1 $30.0 $27.0 $27.2 $25.8 $22.2 Commercial RE $17.9 48.3% $15.8 Construction $15.4 3% $12.1 Commercial, financial & Residential RE agriculture 11% 37.6% 2Q 2024 3Q 20
Slide 14: Mortgage Division
MORTGAGE DIVISION (Dollars in millions) Production and Sales Volume $94.9 $76.9 $72.0 $65.1 $66.6 $65.3 $57.8 $55.9 $51.4 $45.2 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Production Sales • Increased production and sales volumes relative to unchanged market rates • Remain focused on secondary market pr
Slide 15: Shareholder Focused Dividend Policy
SHAREHOLDER FOCUSED DIVIDEND POLICY Quarterly Dividend Payment $0.1125 $0.1150 $0.1075 $0.1100 $0.1025 2021 2022 2023 2024 2025(¹) The current indicated annual rate is $0.46 per share, equating to a yield of 2.6%.(2) (1) The Board of Directors declared a dividend to be paid on its common stock on Au
Slide 16: Capital Ratios
CAPITAL RATIOS 17.1% 16.2% 16.5% 16.5% 16.1% 14.3% 13.4% 13.7% 13.8% 13.4% 13.1% 12.5% 12.6% 12.3% 12.3% 9.4% 9.5% 9.5% 9.4% 9.6% 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Tier One Leverage Ratio Tier One Ratio Total Risk-based Capital Ratio Common Equity Tier One Capital Ratio 16
Slide 17: Strength in Our Liquidity Position
STRENGTH IN OUR LIQUIDITY POSITION Significant liquidity sources Debt Funding* As of June 30, 2025 (dollars in millions) (dollars in millions) $205.0 FRB Reserves $ 74.7 $185.0 $185.0 $185.0 $185.0 Other Cash and Due from Banks 36.1 Unencumbered Securities 327.1 FHLB Borrowing Capacity 605.1 Fed Fun
Slide 18: Annual Noninterest Income Mix
ANNUAL NONINTEREST INCOME MIX 100% 80% 60% 40% 35% 34% 30% 30% 31% 20% 0% 2020 2021 2022 2023 2024 Service Charges & Fees Mortgage Loans & Related Fees SBA & Related Fees Insurance Division Merchant Services Wealth Management Interchange Income Other Total Non Int. Income/Total Income *Wealth Manage
Slide 19: Quarterly Noninterest Income Mix
QUARTERLY NONINTEREST INCOME MIX 100% 75% 50% 34% 35% 33% 30% 31% 25% 0% 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Service Charges & Fees Mortgage Loans & Related Fees SBA & Related Fees Insurance Division Merchant Services Wealth Management Interchange Income Other Total Non Int. Income/Total Income
Slide 20: Annual Deposit Mix and Pricing
ANNUAL DEPOSIT MIX AND PRICING 2.42% 1.76% 0.51% 0.32% 0.19% 2020 2021 2022 2023 2024 Noninterest-bearing Interest-bearing Savings/money market Time Cost of interest-bearing deposits 20
Slide 21: Quarterly Deposit Mix and Pricing
QUARTERLY DEPOSIT MIX AND PRICING 2.54% 2.40% 2.38% 2.22% 2.18% 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Noninterest-bearing Interest-bearing Savings/money market Time Cost of interest-bearing deposits 21
Slide 22: Deposit Balance Data
DEPOSIT BALANCE DATA (Dollars in thousands) AVERAGE DEPOSIT BALANCE PER ACCOUNT $51.2 $52.0 $52.8 $48.4 $51.6 $37.5 $39.5 $39.1 $39.4 $36.5 $19.6 $19.3 $20.4 $22.2 $21.5 $12.8 $13.0 $13.7 $13.2 $12.9 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Noninterest-bearing Interest-bearing Savings/money market Ti
Slide 23: Diversity of Business Deposit Base
DIVERSITY OF BUSINESS DEPOSIT BASE As of June 30, 2025 Construction Public Administration 12.5% 18.9% All other 2.7% Educational Services 7.8% Transportation and Warehousing 1.6% Real Estate and Rental and Leasing 9.3% Wholesale Trade 1.7% Accommodation and Food Services 1.6% Other Services(except P
Slide 24: Uninsured Deposits
UNINSURED DEPOSITS 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Uninsured Deposits Estimate Adjusted Uninsured Deposits Estimate * *Adjusted uninsured deposit estimate excludes deposits collateralized by public funds or internal accounts. All deposits are held at Colo
Slide 25: Loan Portfolio Breakdown
LOAN PORTFOLIO BREAKDOWN As of June 30, 2025 $1,993.6 million $1,653.7 million Farmland 4.1% Nonowner Construction 14.4% occupied real estate 33.7% Agriculture 0.9% Real Estate Commercial 82.9% Residential real 9.8% estate 21.6% Consumer and Other 6.4% Multifamily real estate 4.5% Owner occupied rea
Slide 26: Loan Portfolio
LOAN PORTFOLIO (Dollars in millions) Organic Loan Growth Weighted Average Loan to Values $1,866 $1,886 $1,843 $1,921 $1,994 7.72% 7.78% 72.2% 72.9% 67.0% 68.8% 69.9% 8.47% 47.7% 46.2% 48.2% 43.1% 42.2% 8.23% 8.02% 2Q2024 3Q2024 4Q2024 1Q2025 2Q2025 2Q2024 3Q2024 4Q2024 1Q2025 2Q2025 Organic Purchase
Slide 27: Commercial Real Estate by Type
COMMERCIAL REAL ESTATE BY TYPE As of June 30, 2025 (Dollars in thousands) Outstanding Average Type Balance Deal Size Specialty and Other 6% Retail $ 168,619 $ 1,268 Retail Multifamily 74,778 1,168 Government 27% Guaranteed:SBSL 2% Office 88,592 852 Mini-warehouse 8% Industrial & Warehouse 71,107 1,1
Slide 28: Repricing Schedule
REPRICING SCHEDULE Quarterly Fiscal Year 2028 & (Dollars in millions) 3Q 2025 4Q 2025 1Q 2026 2Q 2026 2026 2027 Beyond Loan Maturity & Repricing Schedule: Fixed Rate Loans $ 47 $ 30 $ 30 $ 29 $ 108 $ 227 $ 907 Weighted Average Rate 6.76 % 4.65 % 5.92 % 5.29 % 5.40 % 4.93 % 5.19 % Adjustable & Variab
Slide 29: Investment Securities
INVESTMENT SECURITIES (Dollars in thousands) Portfolio Composition June 30, 2025 Description Book Value Percentage U.S. Agency MBS/CMO $ 336,962 40 % Municipal 256,256 31 % Private Label MBS 71,943 8% U.S. Treasuries 88,099 11 % Corporates 50,810 6% SBA and Asset-Backed Securities 18,273 2% U.S. Gov
Slide 30: Investment Securities
INVESTMENT SECURITIES (Dollars in thousands) Private Label MBS June 30, 2025 Rating: Number of Book Value Market Value Unrealized Securities Loss AAA 22 $ 67,752 $ 60,711 $ (7,041) Aa3 1 3,051 2,942 (109) NR 1 1,140 1,125 (15) TOTAL 24 $ 71,943 $ 64,778 $ (7,165) Corporate Securities June 30, 2025 T
Slide 31: Investment Securities
INVESTMENT SECURITIES Unrealized Losses on Securities (in millions) AFS/HTM 100% $48.3 $49.6 $47.0 $43.6 $41.4 $38.6 $40.5 75% $37.2 $37.1 $34.7 50% 25% —% 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 Available for Sale HTM AFS HTM Other Portfolio Metrics As of: Av
Slide 32: Investment Considerations
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 to tangible book value as unrealize
Slide 33: NYSE: CBAN
ee 2 YEARS Righthorowilhysu. NYSE: CBAN