Colony Bankcorp, Inc. · NYSE:CBAN
Colony Bankcorp — Q2 2026 Earnings Presentation
43 slides from Colony Bankcorp's earnings presentation, Jul 23, 2026
Slide 1: Investor Presentation Second Quarter 2026
INVESTOR PRESENTATION Second Quarter 2026
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 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); gene
Slide 4: 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 5: Company Profile
COMPANY PROFILE • $3.6 billion in assets as of June 30, 2026 • 37 locations in Georgia, 1 in Alabama and 5 in Florida • Diversified and scalable revenue streams • Proven history of consistent organic growth • Strong core deposit funding 5
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, Alabama, and Florida. By combining innovative financial solutio
Slide 7: Colony Bankcorp, Inc. Purpose, Mission and 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
EXECUTIVE LEADERSHIP TEAM Name Position Years In Years With Banking Colony T. Heath Fountain Chief Executive Officer 26 7 R. Dallis "D" Copeland, Jr. President 34 4 Derek Shelnutt EVP, Chief Financial Officer 12 5 Edward "Lee" Bagwell EVP, Chief Risk Officer and General Counsel 23 23 Leonard H. "Len
Slide 9: Second Quarter Financial Highlights
SECOND QUARTER FINANCIAL HIGHLIGHTS • Operating net income(1) of $11.0 million Reported Operating(1) • Seventh consecutive quarter of net interest Net Income ($mm) $10.86 $11.04 margin expansion to 3.52% • Operating return on average assets(1) of Earnings Per $0.51 $0.52 1.20% Share • Operating earn
Slide 10: Quarterly Financial Highlights
QUARTERLY FINANCIAL HIGHLIGHTS $ in thousands, except per share data 2Q26 1Q26 2Q25 • Increase in earnings led by another GAAP Highlights consecutive quarter of net interest Net Income $10,857 $8,204 $7,978 margin expansion Earnings per share $0.51 $0.39 $0.46 • Consistent increase in Operating Retu
Slide 11: Delivering Shareholder Value
DELIVERING SHAREHOLDER VALUE Operating Earnings Per Operating Net Income Operating Return on Share(1) in million(1) Average Assets(1) $0.52 $11.0 1.20% $8.9 $9.5 $0.48 $8.0 $8.2 $0.46 $0.47 1.06% 1.05% 1.04% $0.45 1.02% 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 Net I
Slide 12: 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 13: Organic Growth
ORGANIC GROWTH • Presence in dynamic growth markets of Atlanta, Augusta, Birmingham, 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 h
Slide 14: M&A Strategy
M&A STRATEGY • Colony seeks to benefit from industry consolidation and become the acquirer of choice in Georgia and contiguous states • 356 banks under $1 billion • 79 banks between $1 billion and $3 billion • Proactive outreach effort to generate opportunities • Management team with deep M&A experi
Slide 15: First Reliance Merger
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, into
Slide 16: First Reliance Merger - Financial Highlights
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 tangi
Slide 17: Efficiency and Scaling
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, and
Slide 18: 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 19: Complementary Lines of Business
COMPLEMENTARY LINES OF BUSINESS 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Pre-tax Pre-tax Pre-tax Pre-tax Pre-tax Profit/Loss Profit/Loss Profit/Loss Profit/Loss Profit/Loss (Dollars in thousands) Mortgage $ 317 $ (153) $ 382 $ 222 $ 432 SBSL 362 362 672 95 188 Marine/RV Lending 349 448 538 459 511 Me
Slide 20: Small Business Specialty Lending Group
SMALL BUSINESS SPECIALTY LENDING GROUP Production and Sales Volume Loan Portfolio Breakdown - $80.9 million (Dollars in millions) $28.4 $29.1 $17.9 $18.2 $16.8 $15.8 $13.1 $13.0 $10.4 $5.5 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Production Sales 20
Slide 21: Mortgage Division
MORTGAGE DIVISION (Dollars in millions) Production and Sales Volume $115.4 $94.9 $89.5 $87.3 $88.5 $65.3 $65.1 $68.1 $67.3 $61.4 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Production Sales • Improved production and sales volumes relative to changing market rates • Remain focused on secondary market pro
Slide 22: Colony Financial Advisors
COLONY FINANCIAL ADVISORS (Dollars in millions) Assets Under Management $637 $555 $462 $219 $206 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 • Established and experienced financial advisor team • Recent addition of two seasoned advisors who bring deep client relationships and proven advisory expertise •
Slide 23: Colony Insurance
COLONY INSURANCE (Dollars in millions) Items In Force Premiums In Force 21,102 $34.6 20,596 $34.4 $34.4 20,309 20,072 20,072 $34.2 $34.2 2Q 2025(1) 3Q 2025 4Q 2025 1Q 2026 2Q 2026 2Q 2025(1) 3Q 2025 4Q 2025 1Q 2026 2Q 2026 • Premium rate increases have presented some retention challenges, though mod
Slide 24: Shareholder Focused Dividend Policy
SHAREHOLDER FOCUSED DIVIDEND POLICY Quarterly Dividend Payment $0.1200 $0.1150 $0.1125 $0.1100 $0.1075 2022 2023 2024 2025 2026(1) The current indicated annual rate is $0.48 per share, equating to a yield of 2.3%.(2) (1) The Board of Directors declared a dividend to be paid on its common stock on Au
Slide 25: Capital Ratios
CAPITAL RATIOS 16.1% 16.0% 16.0% 16.2% 15.8% 13.6% 13.9% 13.4% 13.4% 13.4% 12.7% 13.0% 12.3% 12.4% 12.5% 10.8% 9.9% 10.2% 9.6% 9.8% 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Tier One Leverage Ratio Tier One Ratio Total Risk-based Capital Ratio Common Equity Tier One Capital Ratio 25
Slide 26: Strength in Our Liquidity Position
STRENGTH IN OUR LIQUIDITY POSITION Significant liquidity sources Debt Funding* As of June 30, 2026 (dollars in millions) (dollars in millions) FRB Reserves $ 118.5 $195.0 $195.0 $185.0 $185.0 $170.0 Other Cash and Due from Banks 39.7 Unencumbered Securities 375.4 FHLB Borrowing Capacity 941.5 Fed Fu
Slide 27: Annual Noninterest Income Mix
ANNUAL NONINTEREST INCOME MIX 100% 90% 80% 70% 60% 50% 40% 35% 34% 30% 31% 30% 30% 20% 10% 0% 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 Incom
Slide 28: Quarterly Noninterest Income Mix
QUARTERLY NONINTEREST INCOME MIX 100% 90% 80% 70% 60% 50% 40% 31% 31% 30% 29% 27% 30% 20% 10% 0% 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Service Charges & Fees Mortgage Loans & Related Fees SBA & Related Fees Insurance Division Merchant Services Wealth Management Interchange Income Other Total Non I
Slide 29: Annual Deposit Mix and Pricing
ANNUAL DEPOSIT MIX AND PRICING 2.42% 2.15% 1.76% 0.32% 0.19% 2021 2022 2023 2024 2025 Noninterest-bearing Interest-bearing Savings/money market Time Cost of interest-bearing deposits 29
Slide 30: Quarterly Deposit Mix and Pricing
QUARTERLY DEPOSIT MIX AND PRICING 2.18% 2.14% 2.07% 2.05% 2.08% 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Noninterest-bearing Interest-bearing Savings/money market Time Cost of interest-bearing deposits 30
Slide 31: Deposit Balance Data
DEPOSIT BALANCE DATA (Dollars in thousands) AVERAGE DEPOSIT BALANCE PER ACCOUNT $52.8 $55.8 $56.4 $59.2 $53.4 $39.4 $38.4 $39.9 $41.7 $42.0 $21.5 $21.3 $22.9 $21.9 $21.5 $12.9 $13.2 $14.6 $14.3 $13.2 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Noninterest-bearing Interest-bearing Savings/money market Ti
Slide 32: Diversity of Business Deposit Base
DIVERSITY OF BUSINESS DEPOSIT BASE As of June 30, 2026 As determined by customer provided NAICS Codes 32
Slide 33: Loan Portfolio Breakdown
LOAN PORTFOLIO BREAKDOWN As of June 30, 2026 $2,464.8 million $2,057.16 million 33
Slide 34: Loan Portfolio
LOAN PORTFOLIO Loan Yields by Department/Product 15.43% 15.16% 14.39% 13.48% 13.08% 10.94% 10.89% 11.09% 11.42% 11.50% 9.84% 9.84% 8.54% 8.67% 8.53% 5.85% 5.89% 5.84% 5.88% 5.93% 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Bank-Internally Originated Third Party Originators-Upstart SBSL-7a SBSL-Express/F
Slide 35: Credit Migration
CREDIT MIGRATION Classified Loans $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Newly Identified Loans Resolutions/Payoffs/Upgrades Criticized Loans $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $- 2Q 2025 3Q 2025 4Q 2025 1Q 2026
Slide 36: Loan Portfolio
LOAN PORTFOLIO (Dollars in millions) Loan Portfolio Composition 7.78% 7.83% 7.11% 7.14% 7.33% 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Organic Purchased Loans Weighted average rate on new & renewed loans Commercial Real Estate Production Residential Construction Loan Originations by Quarter $24.7 $24
Slide 37: Commercial Real Estate by Type
COMMERCIAL REAL ESTATE BY TYPE As of June 30, 2026 (Dollars in thousands) Type Outstanding Average Balance Deal Size Retail $ 173,679 $ 1,206 Multifamily 119,318 1,283 Office 127,579 931 Industrial & Warehouse 73,337 1,202 Hotel/Motel 124,796 2,836 Convenience Store 9,603 800 Daycare 24,081 1,267 Ci
Slide 38: Repricing Schedule
REPRICING SCHEDULE Quarterly Fiscal Year 2028 & Beyond (Dollars in millions) 3Q 2026 4Q 2026 1Q 2027 2Q 2027 2026 2027 Loan Maturity & Repricing Schedule: Fixed Rate Loans $ 82 $ 22 $ 27 $ 49 $ 104 $ 234 $ 1,081 Weighted Average Rate 7.18 % 5.04 % 5.73 % 5.15 % 6.73 % 5.12 % 5.79 % Adjustable & Vari
Slide 39: Investment Securities
INVESTMENT SECURITIES Pre-tax Unrealized Losses on Securities (in millions) AFS/HTM $40.5 100% $37.1 $35.6 $32.4 $33.9 $34.2 $31.5 $29.9 $29.7 $29.5 75% 50% 25% 0% 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Available for Sale Held to Maturity AFS HTM Other Portfo
Slide 40: 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 41: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES 41
Slide 42: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES 42
Slide 43: Bankcorp, Inc.
BANKCORP, INC. Righthorovsith you. NYSE: CBAN