{"schema_version":"secwatch.filing_event.v1","accession":"0000711669-23-000004","form_type":"8-K","ticker":"CBAN","cik":"0000711669","company_name":"COLONY BANKCORP INC","filed_at":"2023-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.830813+00:00","generated_at":"2026-06-20T08:40:19.324135+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Colony Bankcorp Q4 net income $5.6M; CFO resigns; director dies","bullets":["Net income $5.6M ($0.31 diluted EPS) vs $4.2M ($0.30) in Q4 2021.","Declared $0.11 quarterly dividend payable Feb 23, record Feb 9.","CFO Andy Borrmann resigns effective Jan 24; receives one-year salary severance.","CEO Heath Fountain named interim CFO; Derek Shelnutt acting CFO of bank.","Director Terry Hester passed away Jan 22; $11.5M remains under buyback program."],"urls":{"canonical":"https://secwatch.observer/filing/0000711669-23-000004","json":"https://secwatch.observer/filing/0000711669-23-000004.json","markdown":"https://secwatch.observer/filing/0000711669-23-000004.md","text":"https://secwatch.observer/filing/0000711669-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/711669/000071166923000004/0000711669-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/711669/000071166923000004/cban-20230126.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T08:40:19.324135+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"72fba75de5","claim":"Terry L. Hester departed as Director at COLONY BANKCORP INC.","evidence_excerpt":"Terry L. Hester passed away on January 22, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/711669/000071166923000004/0000711669-23-000004-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"passed away"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"9e51e44909","claim":"T. Heath Fountain was appointed as interim Chief Financial Officer at COLONY BANKCORP INC.","evidence_excerpt":"The Board of Directors of the Company designated T. Heath Fountain as the interim Chief Financial Officer, principal financial officer and principal accounting officer of the Company, to serve in that function until a permanent replacement is named.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/711669/000071166923000004/0000711669-23-000004-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"designated"},{"label":"Role","value":"interim Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"b13eeda18e","claim":"Andrew Borrmann resigned as Executive Vice President and Chief Financial Officer at COLONY BANKCORP INC.","evidence_excerpt":"On January 24, 2023, Mr. Andrew Borrmann resigned from his roles of Executive Vice President and Chief Financial Officer of each of the Company and the Bank, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/711669/000071166923000004/0000711669-23-000004-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Executive Vice President and Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}