secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0000711669-22-000133
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Colony Bankcorp Q2 net income falls to $3.4M ($0.19 EPS); loan growth strong but provision up sharply
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- Net income $3.4M, or $0.19 diluted EPS, down from $5.3M ($0.34) in Q1 2022 and $4.0M ($0.42) in Q2 2021.
- Provision for loan losses of $1.1M in Q2 2022, up from $50K in Q1 and $0 in Q2 2021, driven by loan growth.
- Total loans (ex-PPP) grew $99M to $1.5B, up 7.3% QoQ; mortgage production $113.7M, SBSL closed $21M.
- Board declared $0.1075 quarterly dividend, payable Aug 20 to holders of record Aug 6.
- Non-recurring charges of $1.35M related to efficiency project; accelerated amortization of FHLB advances $751K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166922000133/0000711669-22-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166922000133/cban-20220721.htm
  HTML page:      https://secwatch.observer/filing/0000711669-22-000133

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