secwatch.observer — SEC 8-K summary
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Issuer:     COLONY BANKCORP INC (CBAN)
CIK:        0000711669
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000711669-24-000105
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Colony Bankcorp Q2 net income $5.5M ($0.31 EPS); declares $0.1125 dividend
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- Net income of $5.5M ($0.31 diluted EPS) vs $5.3M ($0.30) in Q2 2023; adjusted EPS $0.34.
- Quarterly cash dividend of $0.1125 per share payable Aug 21, 2024 to holders of record Aug 7.
- Total loans $1.87B (+$6.6M QoQ); total deposits $2.46B (-$62.5M QoQ).
- Provision for credit losses $650K vs $1.0M in Q1 2024; nonperforming assets $7.3M.
- CEO Heath Fountain enters new 3-year employment agreement with base salary of $499,550.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711669/000071166924000105/0000711669-24-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711669/000071166924000105/cban-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000711669-24-000105

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