FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY)

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY)

The parent company’s balance sheets as of December 31, 2025 and 2024 and the related statements of income and cash flows for each of the years in the two-year period then ended are as follows:

COLONY BANKCORP, INC. (PARENT ONLY)

BALANCE SHEETS

DECEMBER 31

(DOLLARS IN THOUSANDS)


	2025		2024
ASSETS

Cash	$	28,855	$	28,692

Investment in subsidiaries	400,594		305,918
Other	9,715		7,297
Total Assets	$	439,164	$	341,907

LIABILITIES AND STOCKHOLDERS’ EQUITY

Liabilities
Other	$	112	$	193

Subordinated notes, net of issuance costs	38,903		38,810
Subordinated debentures	24,229		24,229
Total Liabilities	63,244		63,232

Stockholders’ Equity
Common stock, par value $1.00 per share; 50,000,000 shares authorized, 21,251,695 and 17,519,884 shares issued and outstanding as of December 31, 2025 and 2024, respectively	21,252		17,520
Paid-in capital	228,577		168,353
Retained earnings	160,584		140,369
Accumulated other comprehensive loss, net of tax	(34,493)		(47,567)
Total Stockholder’s Equity	375,920		278,675
Total Liabilities and Stockholders’ Equity	$	439,164	$	341,907

COLONY BANKCORP, INC. (PARENT ONLY)

STATEMENTS OF INCOME

FOR THE YEARS ENDED DECEMBER 31

(DOLLARS IN THOUSANDS)


	2025		2024
Income
Interest on deposits with banks	$	1	$	4
Dividends from subsidiaries	13,955		13,217

Other	540		204
Total income	14,496		13,425

Expenses
Interest	3,703		3,937
Salaries and employee benefits	628		461
Other	341		183
Total expenses	4,672		4,581

Income before income taxes and equity in undistributed earnings of subsidiaries	9,824		8,844

Income tax benefit	1,293		1,150

Income before equity in undistributed earnings of subsidiaries	11,117		9,994

Equity in undistributed earnings of subsidiaries	17,136		13,874

Net income	$	28,253	$	23,868

COLONY BANKCORP, INC. (PARENT ONLY)

STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31

(DOLLARS IN THOUSANDS)


	2025		2024
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	28,253	$	23,868
Adjustments to reconcile net income to net cash provided by operating activities:

Stock-based compensation expense	785		1,296
Equity in undistributed earnings of subsidiaries	(17,136)		(13,874)
Amortization of debt issuance costs	93		94
Change in deferred taxes	96		—
Change in interest payable	(8)		(7)
Other	(2,491)		(1,742)
Net cash provided by operating activities	9,592		9,635

CASH FLOWS FROM INVESTING ACTIVITIES


Net cash and cash equivalents received from bank acquisition	1,288		—

Net cash provided by investing activities	1,288		—

CASH FLOWS FROM FINANCING ACTIVITIES
Redemption of subordinated debt	—		(500)


Cash paid for tax withholding related to vesting of restricted stock	(311)		(296)
Repurchase and retirement of shares	(2,368)		(1,305)
Dividends paid on common stock	(8,038)		(7,899)
Net cash used in financing activities	(10,717)		(10,000)

Net increase (decrease) in cash and cash equivalents	163		(365)
Cash and cash equivalents at beginning of period	28,692		29,057
Cash and cash equivalents at end of period	$	28,855	$	28,692