Colony Bankcorp, Inc. · NYSE:CBAN
Colony Bankcorp — Q3 2025 Earnings Presentation
41 slides from Colony Bankcorp's earnings presentation, Oct 23, 2025
Slide 1: Investor Presentation Third Quarter 2025
INVESTOR PRESENTATION Third 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: Cautionary Statements
CAUTIONARY STATEMENTS integrating and realizing the expected financial benefits of previous or pending acquisitions, and the Company’s pursuit of future acquisitions; risks associated with the Proposed Merger, including (a) the risk that the cost savings and any revenue synergies from the Proposed M
Slide 4: Cautionary Statements
CAUTIONARY STATEMENTS PROPOSED MERGER BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, TC BANCSHARES AND THE PROPOSED MERGER. The joint proxy statement/prospectus was sent to the shareholders of TC Bancshares seeking the required shareholder approval. Investors and security holders may
Slide 5: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES Statements included in this presentation include non-GAAP financial measures and should be read along with the accompanying tables, which provide a reconciliation of non-GAAP financial measures to GAAP financial measures. The non-GAAP financial measures used in this prese
Slide 6: Company Profile
COMPANY PROFILE • Georgia’s largest community bank by deposit market share(1) • $3.2 billion in assets as of September 30, 2025 • 35 locations in Georgia, 1 in Alabama and 2 in Florida • Diversified and scalable revenue streams • Proven history of consistent organic growth • Strong core deposit fund
Slide 7: Since 1975, Colony Bank has been empowering progress
202 5 ae : - >a Zee 50 BANKCORP, INC. YEARS Since 1975, Colony Bank has been empowering itt progress for individuals, families, and businesses. : . Pies NTT fT & What began as a single vision in Fitzgerald, Georgia, has transformed into a five-decade journey marked by trust, growth, and innovation.
Slide 8: Our Purpose, Mission and Values
@ 20 2 5 OUR PURPOSE: — To enable progress. COLONY J) BANKCORP, INC. OUR MISSION: To build a sustainable, high-performing independent bank. 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 suns
Slide 9: Executive Leadership Team
EXECUTIVE LEADERSHIP TEAM Years In Years With Name Position Banking Colony T. Heath Fountain Chief Executive Officer 25 7 R. Dallis "D" Copeland, Jr. President 33 4 Derek Shelnutt EVP, Chief Financial Officer 11 5 Edward "Lee" Bagwell EVP, Chief Risk Officer and General Counsel 22 22 Leonard H. "Len
Slide 10: Third Quarter Financial Highlights
THIRD QUARTER FINANCIAL HIGHLIGHTS • Operating net income(1) of $8.2 million Operating / Reported Adjusted(1) • Fourth consecutive quarter of net interest margin expansion to 3.17% Net Income ($mm) $5.82 $8.23 • Operating return on average assets(1) Earnings Per improved to 1.06% $0.33 $0.47 Share •
Slide 11: Quarterly Financial Highlights
QUARTERLY FINANCIAL HIGHLIGHTS $ in thousands, except per share data 3Q25 2Q25 3Q24 • Increase in earnings led by another Net Income $5,819 $7,978 $5,629 consecutive quarter of net interest Operating net income(1) $8,230 $7,978 $6,205 margin expansion Earnings per share $0.33 $0.46 $0.32 • Continued
Slide 12: Delivering Shareholder Value
DELIVERING SHAREHOLDER VALUE Adjusted Earnings Per Operating Net Income Operating Return on Share(1) in millions(1) Average Assets(1) $7.8 $8.0 $8.2 $0.44 $0.46 $0.47 1.06% $6.2 $6.6 0.99% 1.02% $0.38 0.85% $0.35 0.81% 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 Net In
Slide 13: 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 14: 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 15: M&A Strategy
M&A STRATEGY • Colony seeks to benefit from industry consolidation and become the acquirer of choice in Georgia and contiguous states • 306 banks under $600 million • 88 banks between $600 million and $1.2 billion • Proactive outreach effort to generate opportunities • Management team with deep M&A
Slide 16: TC Federal Acquisition
TC FEDERAL ACQUISITION • Expands in-state franchise with entry into Thomasville market and strengthens presence in coastal Georgia with complementary market overlap in Savannah MSA • Enhances Florida presence with full service entry into the dynamic, high-growth Tallahassee and Jacksonville markets,
Slide 17: TC Federal Acquisition - Financial Highlights
TC FEDERAL ACQUISITION - FINANCIAL HIGHLIGHTS • TC Bancshares, Inc. to merge with and into Colony Bankcorp, Inc. • Pro Forma Assets of $3.8 billion • Implied Aggregate Transaction Value: $86.1 million or $21.73 per TC Bancshares common share • Price / Tangible Book Value per Share: 112.9% • Estimate
Slide 18: 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 19: Innovation and Data Strategy
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 se
Slide 20: Complementary Lines of Business
COMPLEMENTARY LINES OF BUSINESS 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 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 $ 346 $ (101) $ 31 $ 317 $ (153) SBSL 1,819 2,242 492 362 362 Marine/RV Lending 22 211 236
Slide 21: Small Business Specialty Lending Group
SMALL BUSINESS SPECIALTY LENDING GROUP Production and Sales Volume Loan Portfolio Breakdown - $85.0 million (Dollars in millions) $30.1 $30.0 $28.4 $27.2 $22.2 Commercial RE $17.9 $18.2 46.1% $15.8 Construction $15.4 3% $12.1 Commercial, financial & Residential RE agriculture 16% 35.3% 3Q 2024 4Q 20
Slide 22: Mortgage Division
MORTGAGE DIVISION (Dollars in millions) Production and Sales Volume $94.9 $87.3 $76.9 $72.0 $66.6 $65.3 $65.1 $57.8 $55.9 $51.4 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Production Sales • Stable production and sales volumes relative to changing market rates • Remain focused on secondary market produc
Slide 23: 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 2.8%.(2) (1) The Board of Directors declared a dividend to be paid on its common stock on No
Slide 24: Capital Ratios
CAPITAL RATIOS 17.1% 16.5% 16.5% 16.1% 16.0% 14.3% 13.7% 13.8% 13.4% 13.4% 13.1% 12.5% 12.6% 12.3% 12.4% 9.6% 9.9% 9.5% 9.5% 9.4% 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Tier One Leverage Ratio Tier One Ratio Total Risk-based Capital Ratio Common Equity Tier One Capital Ratio 24
Slide 25: Strength in Our Liquidity Position
STRENGTH IN OUR LIQUIDITY POSITION Significant liquidity sources Debt Funding* As of September 30, 2025 (dollars in millions) (dollars in millions) FRB Reserves $ 162.1 $185.0 $185.0 $185.0 $185.0 $185.0 Other Cash and Due from Banks 36.4 Unencumbered Securities 300.8 FHLB Borrowing Capacity 590.6 F
Slide 26: 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 27: Quarterly Noninterest Income Mix
QUARTERLY NONINTEREST INCOME MIX 100% 75% 50% 35% 33% 30% 31% 31% 25% 0% 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 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 28: 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 28
Slide 29: Quarterly Deposit Mix and Pricing
QUARTERLY DEPOSIT MIX AND PRICING 2.54% 2.38% 2.22% 2.18% 2.14% 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Noninterest-bearing Interest-bearing Savings/money market Time Cost of interest-bearing deposits 29
Slide 30: Deposit Balance Data
DEPOSIT BALANCE DATA AVERAGE DEPOSIT BALANCE PER ACCOUNT (Dollars in thousands) $51.2 $52.0 $52.8 $53.4 $51.6 $37.5 $39.5 $39.1 $39.4 $38.4 $19.3 $20.4 $22.2 $21.5 $21.3 $13.0 $13.7 $13.2 $12.9 $13.2 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Noninterest-bearing Interest-bearing Savings/money market Ti
Slide 31: Diversity of Business Deposit Base
DIVERSITY OF BUSINESS DEPOSIT BASE As of September 30, 2025 Construction 14.4% Public Administration 16.6% All other 2.8% Educational Services 7.2% Transportation and Warehousing 1.5% Real Estate and Rental and Leasing 9.9% Wholesale Trade 1.7% Accommodation and Food Services Other Services(except P
Slide 32: Uninsured Deposits
UNINSURED DEPOSITS 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% Sep-24 Dec-24 Mar-25 Jun-25 Sep-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 33: Loan Portfolio Breakdown
LOAN PORTFOLIO BREAKDOWN As of September 30, 2025 $2,037.1 million $1,682.9 million Farmland 3.9% Construction 14.3% Nonowner occupied real Agriculture estate 33.7% 0.9% Real Estate Commercial 82.6% Residential real 9.6% estate 22.4% Consumer and Other 6.9% Multifamily real estate 4.9% Owner occupie
Slide 34: Loan Portfolio
LOAN PORTFOLIO (Dollars in millions) Organic Loan Growth Weighted Average Loan to Values $1,886 $1,843 $1,921 $1,994 $2,037 7.72% 7.78% 7.83% 72.9% 67.0% 68.8% 69.9% 69.9% 46.2% 48.2% 43.1% 42.2% 43.9% 8.23% 8.02% 3Q2024 4Q2024 1Q2025 2Q2025 3Q2025 3Q2024 4Q2024 1Q2025 2Q2025 3Q2025 Organic Purchase
Slide 35: Commercial Real Estate by Type
COMMERCIAL REAL ESTATE BY TYPE As of September 30, 2025 (Dollars in thousands) Outstanding Average Type Balance Deal Size Specialty and Other 6% Retail $ 164,270 $ 1,293 Retail Multifamily 82,592 1,271 Government 25% Guaranteed:SBSL 2% Office 99,442 956 Mini-warehouse 8% Industrial & Warehouse 67,59
Slide 36: Repricing Schedule
REPRICING SCHEDULE Quarterly Fiscal Year 2028 & (Dollars in millions) 4Q 2025 1Q 2026 2Q 2026 3Q 2026 2026 2027 Beyond Loan Maturity & Repricing Schedule: Fixed Rate Loans $ 63 $ 30 $ 27 $ 32 $ 105 $ 218 $ 934 Weighted Average Rate 6.37 % 5.94 % 5.30 % 5.63 % 5.48 % 4.92 % 5.26 % Adjustable & Variab
Slide 37: Investment Securities
INVESTMENT SECURITIES Pre-tax Unrealized Losses on Securities (in millions) AFS/HTM 100% $47.0 $43.6 $41.4 $38.6 $40.5 75% $37.2 $37.1 $35.6 $34.7 $31.5 50% 25% —% 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 Available for Sale HTM AFS HTM Other Portfolio Metrics A
Slide 38: 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 potential to tangible book value as
Slide 39: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES (dollars in thousands, except per share data) 2025 2024 Third Quarter Second Quarter First Quarter Fourth Quarter Third Quarter Operating noninterest income reconciliation Noninterest income (GAAP) $ 10,091 $ 10,098 $ 9,044 $ 10,309 $ 10,082 Loss on sales of secur
Slide 40: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES (dollars in thousands, except per share data) 2025 2024 Third Quarter Second Quarter First Quarter Fourth Quarter Third Quarter Tangible book value per common share reconciliation Book value per common share (GAAP) $ 17.31 $ 16.87 $ 16.41 $ 15.91 $ 15.73 Effect of
Slide 41: NYSE: CBAN
ee 2 YEARS Righthorowilhysu. NYSE: CBAN