Slide 1: Acquisition of TC Bancshares
1 ACQUISITION OF July 23, 2025
Slide 2: Forward-Looking Statements
2 Forward-Looking Statements This presentation contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements usually use words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “est
Slide 3: Cautionary Statements
3 CAUTIONARY STATEMENTS Additional Information About the Merger and Where to Find It This presentation 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
Slide 4: Acquisition Highlights
4 Strategically Compelling Financially Attractive (1) Well-Positioned for Future Growth (1) Building a sustainable, high-performing independent bank — affirming our shareholder commitment to delivering above average returns at a below average risk ACQUISITION HIGHLIGHTS • Expands in-state franchise
Slide 5: TC Bancshares, Inc.
5 TC BANCSHARES, INC. • TC Bancshares, Inc. (OTCQX: TCBC) is the bank holding company for TC Federal Bank (the “Bank”) • Originally established in 1934 as Thomas County Federal Savings & Loan Association, the Bank amended its corporate name to TC Federal Bank in 2018 • Headquartered in Thomasville,
Slide 6: Enhanced Market Presence
6 ENHANCED MARKET PRESENCE Note: Deposit market share is pro forma for pending acquisitions; FDIC deposit data as of June 30, 2024 (1) Community bank defined as having less than $10.0 billion in total assets; Excludes specialty lenders, including banks with a heavy emphasis on SBA lending Source: S&
Slide 7: Market Highlights
7 MARKET HIGHLIGHTS Source: S&P Capital IQ Pro; U.S. Census Bureau Thomasville, Georgia • Local economy supported by healthcare, education, and manufacturing, contributing to a stable core deposit base • Serves as a regional commercial hub for southern Georgia and northern Florida, attracting small
Slide 8: Pro Forma Franchise Overview
8 PRO FORMA FRANCHISE OVERVIEW TCBC Branch TCBC Loan Production Office CBAN Branch CBAN Loan Production Office Pro Forma Financial Highlights (1) Total Assets $3.8B Gross Loans $2.5B Total Deposits $3.1B Market Capitalization $371.6M Loans / Deposits 79.8% TCE / TA 7.9% Total RBC Ratio 15.6% 2026E R
Slide 9: Transaction Summary
9 TRANSACTION SUMMARY Structure and Consideration • TC Bancshares, Inc. to merge with and into Colony Bankcorp, Inc. • 80% stock consideration | 20% cash (options to be cashed out) • Each TCBC share exchanged for cash to receive $21.25 • Each TCBC share exchanged for stock to receive 1.25x shares of
Slide 10: Key Pro Forma Financial Assumptions
10 KEY PRO FORMA FINANCIAL ASSUMPTIONS One-Time Merger Expenses and Cost Savings • Pre-tax merger costs of $10.4 million • Cost savings of approximately $5.6 million or 33.4% of TCBC’s projected non-interest expense base Credit Assumptions (1) • Total gross credit mark of $4.0 million pre-tax, or 1.
Slide 11: Comprehensive Due Diligence
11 COMPREHENSIVE DUE DILIGENCE • Comprehensive, management-driven diligence process with support from legal, audit, and advisory professionals • Clear cultural and operational alignment, reducing execution risk and supporting long-term integration success • Detailed credit and operational analysis t
Slide 12: Attractive Pro Forma Results
12 Capital Generation Enhanced Earnings 1.19% 0.99% 15.3% 12.6% 60.5% 66.4% 3.43% 3.07% ATTRACTIVE PRO FORMA RESULTS Note: Peer group includes major exchange traded banks headquartered in the Southeast (as defined by S&P Capital IQ Pro) with total assets $2.0B-$10.0B as of the most recent quarter re
Slide 13: Pro Forma Loan & Deposit Composition
13 Noninterest- Bearing 18.1% Retail Time 16.3% Jumbo Time 7.5% IB, MMDA, & Savings 58.1% Noninterest- Bearing 15.0% Retail Time 24.0% Jumbo Time 8.2% IB, MMDA, & Savings 52.9% Noninterest- Bearing 17.6% Retail Time 17.5% Jumbo Time 7.6% IB, MMDA, & Savings 57.3% 1-4 Family 18.5% C&D 11.8% Multifami
Slide 14: Colony Bankcorp purpose, mission and values
14 eo LX COLONY 9D BANKCORP, INC. ¥oR AUR S 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 custome
Slide 15: YEA RS
202 5 YEA RS Righthorowsithysu. NYSE: CBAN