secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000711669-23-000073
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Colony Bankcorp Q1 net income $5.0M ($0.29 EPS), loans up 3.6% QoQ; dividend $0.11
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- Net income $5.0M ($0.29 diluted EPS); adjusted EPS $0.31; vs Q4 2022 $5.6M ($0.31) and Q1 2022 $5.3M ($0.34).
- Total loans $1.80B, up $62.7M (3.61%) QoQ; deposits $2.52B, up $25.1M QoQ.
- Declared quarterly cash dividend $0.11/share, payable May 24, record May 10.
- Liquidity: ~$1.3B available sources; no overnight borrowings or Fed Term Funding used.
- Provision for credit losses $900k; nonperforming assets $7.8M (up from $6.4M); reserve 0.92%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166923000073/0000711669-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166923000073/cban-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000711669-23-000073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer