Highest-materiality recent filing
Colony Bankcorp to acquire First Reliance Bancshares for ~$163M, 20% cash/80% stock
Deal valued at ~$163M; FSRL shareholders can elect $19.75 cash or 0.94 Colony shares per share.
Colony Bankcorp Q1 net income $8.2M ($0.39 EPS); NIM expands to 3.48%; declares $0.12 dividend
Q1 2026 net income $8.2M ($0.39 diluted EPS) vs $6.6M ($0.38) in Q1 2025; operating EPS $0.45.
Colony Bankcorp Q4 net income $7.8M; dividend raised to $0.12; TC Federal merger closed
Net income $7.8M ($0.42 diluted EPS) in Q4 2025 vs $5.8M ($0.33) in Q3 and $7.4M ($0.42) in Q4 2024.
Colony Bankcorp completes merger with TC Bancshares effective Dec 1, 2025
Each TCBC share converted to either $21.25 cash or 1.25 CBAN shares; 20% cash, 80% stock proration.
Colony Bankcorp and TC Bancshares get all regulatory and shareholder approvals; merger set for Dec 1
Shareholders approved stock issuance proposal with 11,045,200 for, 102,805 against; adjournment also passed.
Colony Bankcorp enters $40M at-the-market equity distribution agreement with Piper Sandler
Company may sell up to $40M in common stock via ATM offering with Piper Sandler as agent.
Colony Bankcorp Q3 net income $5.8M ($0.33 EPS); NIM expands to 3.17%; NPA up to $15.2M
Net income $5.8M ($0.33 diluted EPS) vs $8.0M ($0.46) Q2; operating EPS $0.47.
Colony Bankcorp Q2 net income $8.0M ($0.46 EPS), NIM expands to 3.12%, dividend $0.115
Net income $8.0M ($0.46 diluted EPS) vs $5.5M ($0.31) YoY; adjusted EPS $0.46.
Colony Bankcorp to acquire TC Bancshares for ~$86.1M in stock/cash mix
Deal value ~$86.1M; each TCBC share elects $21.25 cash or 1.25 Colony shares.
Colony Bankcorp Q1 EPS $0.38, declares $0.115 dividend; loans up 4.25% Q/Q
Net income $6.6M ($0.38 diluted EPS) vs $0.42 in Q4 2024; operating EPS also $0.38.
Colony Bankcorp Q4 net income $7.4M ($0.42 EPS); dividend raised to $0.115/share
Net income rose to $7.4M ($0.42 diluted EPS) vs $5.6M ($0.32) in Q3 2024 and Q4 2023.
Colony Bankcorp extends stock buyback program through 2025; $9.75M remains available
Board authorized extension of $12M buyback program through end of 2025 on Dec. 18, 2024.
Colony Bankcorp Q2 net income $5.5M ($0.31 EPS); declares $0.1125 dividend
Net income of $5.5M ($0.31 diluted EPS) vs $5.3M ($0.30) in Q2 2023; adjusted EPS $0.34.
Colony Bankcorp Q4 2023 EPS $0.32, NIM narrows to 2.70%; declares $0.1125 dividend
Net income $5.6M ($0.32 diluted) vs $5.8M ($0.33) Q3 2023; operating EPS $0.31 vs $0.34 prior quarter.
Colony Bankcorp promotes Derek Shelnutt to EVP and CFO effective Jan 23
Shelnutt appointed Executive VP & CFO of Colony Bankcorp; annual salary $205,000.
Colony Bankcorp Q3 net income $5.8M ($0.33 EPS); declares $0.11 dividend
Net income $5.8M, $0.33 diluted EPS, up from $5.3M ($0.30) in Q2 2023 and Q3 2022.
Colony Bankcorp Q2 net income $5.3M ($0.30 EPS); dividend $0.11/share
Net income $5.3M, $0.30 diluted EPS; adjusted EPS $0.33, up from $0.29 Q1 2023 and $0.19 Q2 2022.
Colony Bankcorp Q1 net income $5.0M ($0.29 EPS), loans up 3.6% QoQ; dividend $0.11
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).
Colony Bankcorp Q4 net income $5.6M; CFO resigns; director dies
Net income $5.6M ($0.31 diluted EPS) vs $4.2M ($0.30) in Q4 2021.
Colony Bankcorp Q3 net income $5.3M ($0.30/diluted); declares $0.1075 dividend and $12M buyback
Net income $5.3M ($0.30 diluted EPS) vs Q2 $3.4M ($0.19); operating EPS $0.30 stable sequentially.
Colony Bankcorp appoints D. Copeland as President; separates CEO/President roles; Hoyle to retire
R. Dallis Copeland Jr. named President effective Sept 13, 2022; Heath Fountain remains CEO.
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.
Colony Bankcorp issues $40M of 5.25% fixed-to-floating subordinated notes due 2032
$40M aggregate principal; fixed rate 5.25% for 5 years, then 3-month SOFR + 265 bps quarterly.
Net income of $5.3M ($0.34 diluted EPS) vs $4.2M ($0.30) in Q4 2021 and $4.9M ($0.52) in Q1 2021.
Colony Bankcorp CFO Tracie Youngblood to depart June 8; Andrew Borrmann named successor
Tracie Youngblood, EVP and CFO, separating June 8, 2022; receives $235K lump sum severance plus other benefits.
Colony Bankcorp Q3 2021 net income $5.6M ($0.45 EPS); operating EPS $0.57; declares $0.1025 dividend
Net income $5.6M ($0.45 diluted EPS); operating net income $7.1M ($0.57 diluted EPS) vs $3.1M ($0.33) YoY.
Colony Bankcorp completed merger with SouthCrest Financial Group on Aug 1, 2021; this amendment adds historical and pro forma financials.
As of May 22, 2025, Edward P. Loomis, Jr. retired from service as a member of the Board of Directors of Colony Bankcorp, Inc. (the “Company”) and Colony Bank (the “Bank”), as previously disclosed in the Company’s Current Report on Form 8-K filed on March 19, 2025.
On March 17, 2025, Edward P. Loomis, Jr., member of the Board of Directors of Colony Bankcorp, Inc. (the “Company”) and Colony Bank (the “Bank”), provided notice of his decision not to stand for reelection at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”).
On February 26, 2025, the Board of Directors (the “Board”) of Colony Bankcorp, Inc. (the “Company”) voted to increase the size of the Board from eight to nine directors and appointed Mr. Paul Joiner, III to serve as a member of the Boards of the Company and Colony Bank, the wholly owned subsidiary of the Company (the “Bank”), effective March 1, 2025.
As of May 16, 2024, Harold W. Wyatt, III retired from service as a member of the Board of Directors of Colony Bankcorp, Inc. (the “Company”) and Colony Bank (the “Bank”), as previously disclosed in the Company’s Current Report on Form 8-K filed on December 14, 2023.
Also, as of May 16, 2024, Jonathan W.R. Ross did not stand for reelection at the Company’s 2024 annual meeting of shareholders (the “Annual Meeting”) and therefore retired from service as a member of the Board of Directors of the Company and the Bank.
On January 18, 2024, Colony Bankcorp, Inc. (the “Company”), named Mr. Derek Shelnutt, the current Chief Accounting Officer of the Company and Chief Financial Officer of Colony Bank (the “Bank”), as Executive Vice President and Chief Financial Officer of the Company effective January 23, 2024.
On December 12, 2023, Harold W. Wyatt, III, member of the Board of Directors of Colony Bankcorp, Inc. (the “Company”) and Colony Bank (the “Bank”), provided notice of his decision not to stand for reelection at the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”).
Effective as of August 1, 2023, Brian D. Schmitt retired from his role as Executive Vice Chairman of Colony Bankcorp, Inc. (the “Company”) and its wholly owned banking subsidiary, Colony Bank.
Terry L. Hester passed away on January 22, 2023.
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.
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.
appointed Ms. Audrey Hollingsworth to serve as a member of the Boards of the Company and Colony Bank, the wholly owned subsidiary of the Company (the “Bank”), effective December 1, 2022.
Max materiality 0.85 · Median 0.60 · Most common event earnings