Colony Bankcorp, Inc. (CBAN): Business Model Canvas [Dec-2025 Updated]

You're trying to map out the real engine room of Colony Bankcorp, Inc. right now, especially with the TC Bancshares merger set to close in late 2025, scaling them up to a pro forma asset base of $3.8 billion. Honestly, this isn't just another community bank; their model hinges on pairing solid commercial lending-backed by a $2.04 billion loan portfolio as of Q3 2025-with specialized fee streams, which helped generate $22.9 million in Net Interest Income that same quarter. I've distilled their entire operation into the nine essential blocks below, showing you exactly where the value is created and where the integration risks lie before this next chapter begins.

Colony Bankcorp, Inc. (CBAN) - Canvas Business Model: Key Partnerships

You're looking at the critical alliances Colony Bankcorp, Inc. needs to execute its strategy, especially right after closing a major deal. These partnerships are how the bank scales its specialized services and integrates new technology without building everything from scratch.

TC Bancshares, Inc. for Q4 2025 Merger Integration

The acquisition of TC Bancshares, Inc. closed on December 1, 2025, effectively integrating TC Federal Bank into the Colony Bankcorp structure. This strategic move immediately reshapes the combined entity's scale. The pro forma figures suggest the new franchise will hold approximately $3.8 billion in total assets, $3.1 billion in total deposits, and $2.4 billion in total loans. Colony Bankcorp issued about 3,839,748 new shares and paid roughly $15,428,244 in cash to former TCBC shareholders as part of the transaction, which was valued around $86.1 million. Management anticipates this combination will generate cost savings of $5.6 million, representing about 33.4% of TCBC's non-interest expense.

Government Agencies for Guaranteed Lending (SBA/SBSL)

Colony Bankcorp's Small Business Specialty Lending (SBSL) division relies heavily on its relationship with government agencies, particularly the Small Business Administration (SBA), leveraging its Preferred Lender Status to expedite capital for small businesses. For the third quarter of 2025, SBSL closed $28.4 million in SBA loans and sold $18.2 million in SBA loans. To give you a sense of the recent quarterly activity, in the second quarter of 2025, SBSL closed $15.8 million in SBA loans.

Here's a snapshot of the recent SBA lending activity:

• Q3 2025 SBA Loans Closed: $28.4 million
• Q3 2025 SBA Loans Sold: $18.2 million
• Q2 2025 SBA Loans Closed: $15.8 million
• Q2 2025 SBA Loans Sold: $17.9 million

Fintech Vendors for Core Banking and Digital Tools (e.g., nCino)

To maintain efficiency and improve customer experiences, Colony Bankcorp partners with fintech providers for digital tools. While a direct 2025 contract value isn't public, the ecosystem is active. For instance, nCino, a major player in this space, serves over 2,700 financial institutions globally. This vendor recently launched its Integration Gateway in September 2025, designed to connect technology ecosystems for banks and fintech partners. The general market for wealth management platforms, which often overlaps with core banking tech needs, is estimated at USD 6.72 Bn in 2025, with cloud-based solutions holding a 64.6% share.

Third-Party Insurance Carriers for Colony Insurance Products

Colony Insurance, the wholly-owned subsidiary, expands its property and casualty offerings through strategic acquisitions and carrier appointments. On April 1, 2025, Colony Insurance acquired The Ellerbee Agency, which was an Allstate appointed agency. This move added two new office locations in Monroe and Greensboro, Georgia, to Colony Insurance's footprint. Colony Insurance generally offers consumer insurance solutions as an Allstate appointed agency.

Financial Advisors and Wealth Management Platform Providers

Colony Bank supports its wealth management services by partnering with established industry players. Specifically, Colony Bank offers its investment services program through Ameriprise Financial Institutions Group, which is a channel of Ameriprise Financial Services, LLC. This partnership provides on-site financial planning and extensive investment solutions. In the broader context, the human advisory segment within the wealth management platform market is expected to hold a 39.0% share in 2025.

Key elements of this partnership structure include:

• Partnering entity: Ameriprise Financial Institutions Group
• Services offered: Financial planning, retirement planning, investments, insurance, and annuities
• Market context: Human advisory expected to hold 39.0% market share in 2025

You should track the AUM growth through Ameriprise to gauge the success of this specific channel.

Colony Bankcorp, Inc. (CBAN) - Canvas Business Model: Key Activities

You're mapping out the core engine of Colony Bankcorp, Inc. as of late 2025, right after a major acquisition. The key activities here are centered on integrating that new business while continuing the core lending and funding operations that keep the lights on.

Commercial and consumer loan origination and servicing

Colony Bankcorp, Inc. focuses on originating and servicing loans across commercial and consumer segments. As of September 30, 2025, total loans, excluding loans held for sale, stood at $2.04 billion, representing a quarterly increase of $43.5 million, or 2.18% from the prior quarter. This activity is supported by specialized lending units.

Key lending metrics for the third quarter of 2025 included:

• Mortgage production totaled $87.3 million.
• Small Business Specialty Lending (SBSL) closed $28.4 million in Small Business Administration (SBA) loans.
• SBSL sold $18.2 million in SBA loans during the quarter.

The merger with TC Bancshares, Inc., completed on December 1, 2025, immediately scaled this activity, bringing the combined total loans to approximately $2.4 billion.

Core deposit gathering and funding management

Gathering stable, low-cost deposits is fundamental to funding the loan book. As of September 30, 2025, total deposits for Colony Bankcorp, Inc. were $2.58 billion, up $28.1 million from June 30, 2025. The funding mix showed shifts, with time deposits increasing by $71.1 million, offsetting decreases in interest-bearing demand deposits (down $27.5 million) and savings/money market deposits (down $22.8 million) over the quarter.

The post-merger entity now holds approximately $3.0 billion in total deposits.

Here's a quick look at the balance sheet scale before the full integration:

Metric (As of 9/30/2025)	Amount
Total Assets (Pre-Merger)	$3.15 billion
Total Loans (Excl. Held for Sale)	$2.04 billion
Total Deposits	$2.58 billion
Net Interest Margin (Q3 2025)	3.17%

Executing the TC Bancshares merger and system conversion

A major activity in late 2025 was finalizing the acquisition of TC Bancshares, Inc., which closed effective December 1, 2025. This transaction was valued at approximately $86.1 million based on the July 23, 2025, announcement terms. The immediate result was a combined organization with approximately $3.7 billion in total assets. The next critical step is the system conversion, which is scheduled for early 2026, meaning current TC Federal Bank customers are still operating on legacy systems for now.

Managing specialized fee-based services (Wealth, Insurance)

Colony Bankcorp, Inc. actively manages and grows its non-interest income streams through specialized lines. In the third quarter of 2025, Colony Wealth Advisors, Colony Insurance, and merchant services all experienced strong revenue increases. Noninterest income for Q3 2025 totaled $10.1 million, a slight increase of $9,000 compared to the same period in 2024. The insurance segment has been a focus; commissions generated $1.8 million in fee income in 2024, and the acquisition of the Ellerbee Agency, agreed upon in April 2025 for $3.5 million, is projected to add two cents to 2026 earnings per share.

Maintaining regulatory compliance and strong credit quality

Keeping credit quality sound while integrating a new portfolio is a constant activity. The provision for credit losses recorded in Q3 2025 was $900,000, up from $450,000 in the preceding quarter. Non-Performing Assets (NPAs) rose to $15.24 million from $11.42 million. Management signaled that the third quarter of 2025 represented the peak for SBSL charge-offs, not expecting further increases. Capital strength remains a key focus for compliance, with the combined organization reporting strong ratios: CET1 at 12.37%, Tier 1 at 13.44%, and Total RBC at 16.00%.

The tangible book value per share increased to $14.20 as of September 30, 2025.

Finance: draft 13-week cash view by Friday.

Colony Bankcorp, Inc. (CBAN) - Canvas Business Model: Key Resources

You're looking at the hard assets Colony Bankcorp, Inc. (CBAN) relies on to execute its business plan as of late 2025. These aren't just line items; they're the engine room, so let's look at the numbers that define their scale and capacity.

The balance sheet strength is a primary resource. As of the end of the third quarter of 2025, Colony Bankcorp, Inc. reported total assets of approximately $3.15 billion. That's a solid base for regional banking operations. To be fair, some investor materials referenced a slightly rounded figure of $3.2 billion for that same period, but the official filing gives us the more precise number.

The core earning asset, the loan portfolio, is another massive resource. As of September 30, 2025, the total loan portfolio, excluding loans held for sale, stood at approximately $2.04 billion. This portfolio is diversified, with real estate making up about 82.6% of that total.

Here's a quick snapshot of those key financial anchors:

Resource Metric	Amount as of Q3 2025 (Sept 30, 2025)
Total Assets	$3.15 billion
Total Loans (Excl. Held for Sale)	$2.04 billion
Total Deposits	$2.58 billion

Your human capital is clearly directed toward relationship banking and specialized niches. The company explicitly noted strategic investment in talent, successfully adding highly experienced bankers in key markets. This isn't just general lending, either; the specialized teams are active. For instance, the Small Business Specialty Lending segment closed $28.4 million in SBA loans during the third quarter of 2025. That's a concrete output from that specialized team.

Physical presence remains a key resource in community banking. Colony Bankcorp, Inc. maintains a branch network strategically positioned across its core markets. As of late 2025, this network included:

• 35 locations spanning the state of Georgia.
• One location in Birmingham, Alabama.
• Two locations in Florida, specifically serving Tallahassee and the Florida Panhandle.

The recent merger completion with TC Bancshares, Inc. on December 1, 2025, will further expand this physical footprint, adding markets like Tallahassee and Jacksonville, Florida.

Finally, the operational backbone relies on its core technology infrastructure. Colony Bankcorp, Inc. uses systems like Salesforce CRM and nCino for loan processing to help manage that $2.04 billion loan book efficiently. This tech stack is defintely crucial for scaling the relationship banker efforts mentioned earlier.

Colony Bankcorp, Inc. (CBAN) - Canvas Business Model: Value Propositions

You're looking at what Colony Bankcorp, Inc. (CBAN) offers its customers and the market as of late 2025, right after closing that big merger. The value here is built on being a local partner with specialized capabilities.

Full-service community banking with a local, consultative approach is a core promise. Colony Bankcorp, Inc. operates locations throughout Georgia, Birmingham, Alabama, Tallahassee, Florida, and the Florida Panhandle. This local presence supports a consultative approach, especially in their specialty lending groups. For instance, their Small Business Specialty Lending (SBSL) team emphasizes a consultative approach throughout the SBA/USDA journey to ensure clients understand every step. This is backed by hundreds of years of combined experience within that team.

The specialized government-guaranteed lending (SBA) expertise is a clear differentiator. Colony Bankcorp, Inc. holds Preferred Lender Status with the Small Business Administration, which allows them to reduce the time it takes to close loans and get capital to businesses faster than many other banks. For the third quarter of 2025, their SBSL unit closed $28.4 million in Small Business Administration loans and sold $18.2 million in SBA loans. They offer specific programs like the SBA 7(a) Loan, with loan sizes from $500,000 to $5,000,000, and the SBA 504 Loan, with sizes up to $10,000,000.

Colony Bankcorp, Inc. provides comprehensive financial solutions, moving beyond basic checking and savings. They offer a full suite of services including:

• Banking services for personal and business customers.
• Mortgage lending.
• Government guaranteed lending (SBA/USDA).
• Consumer insurance through Colony Insurance, a wholly-owned subsidiary.
• Wealth management.
• Credit cards and merchant services.

To give you a sense of the scale of their core banking operations in Q3 2025, their net interest margin stood at 3.17%. The mortgage division was active, producing $87.3 million in mortgages and selling $65.1 million in the third quarter of 2025.

The company emphasizes its strong capital position exceeding regulatory requirements. As of September 30, 2025, Colony Bankcorp, Inc. maintained capital ratios that qualify them as "well-capitalized." Here's a look at those key preliminary ratios:

Capital Ratio Metric	Value (September 30, 2025)
Preliminary Tier One Leverage Ratio	9.91%
Tier One Capital Ratio	13.44%
Total Risk-Based Capital Ratio	16.00%
Common Equity Tier One Capital Ratio	12.37%

This strong capital base supports their growth strategy. The merger with TC Bancshares, Inc., effective December 1, 2025, was designed to enhance these performance ratios.

The merger creates a significantly larger entity. While the initial merger agreement projected an expected pro forma asset base of $3.8 billion, the actual reported figures for the combined organization as of December 1, 2025, show approximately $3.7 billion in total assets. This combined entity also holds about $3.0 billion in total deposits and $2.4 billion in total loans. This transaction involved issuing approximately 3,839,748 new shares of common stock and paying about $15,428,244 in cash to former TC Bancshares, Inc. shareholders.

The commitment to shareholders is also evident in the recent dividend declaration of $0.1150 per share announced on October 22, 2025. That's the kind of concrete value Colony Bankcorp, Inc. puts on the table.

Colony Bankcorp, Inc. (CBAN) - Canvas Business Model: Customer Relationships

You're focused on how Colony Bankcorp, Inc. builds and keeps its customer base, which is really the heart of a community bank. Their strategy centers on that relationship-based banking, aiming to deepen ties across their footprint in Georgia, Alabama, and Florida. This focus is reflected in their balance sheet growth; as of September 30, 2025, total deposits stood at $2.58 billion, showing a sequential increase of $28.1 million from the end of the second quarter. That growth shows they are successfully attracting and retaining core funding sources, even as the deposit mix shifts.

The structure definitely supports this personalized service. Colony Bankcorp, Inc. relies on dedicated personnel for complex credit needs. For instance, the bank has specialized divisions like Small Business Specialty Lending (SBSL), which closed $28.4 million in Small Business Administration (SBA) loans in the third quarter of 2025. Oversight for the entire credit function rests with experienced leaders, such as the Executive Vice President and Chief Credit Officer, Leonard H. Bateman, Jr.. This structure ensures that commercial and specialized credits get the focused attention required for underwriting and relationship management. Overall, total loans, excluding those held for sale, grew to $2.04 billion by September 30, 2025, a quarterly increase of 2.18%. That's solid loan production, definitely signaling active relationship engagement.

To be fair, relationship banking today can't ignore digital convenience. Colony Bankcorp, Inc. offers digital self-service options via online and mobile banking to meet modern expectations. While specific adoption rates for CBAN aren't public in the latest filings, the industry context shows that over 83% of U.S. adults used digital banking services as of 2025, with 72% of global banking customers preferring mobile apps for core services. Colony Bankcorp, Inc. has to meet that standard, balancing their community presence with efficient digital tools for everyday tasks.

The consultative approach is visible in how they manage deposits, which is crucial for funding those loans. They are actively managing the structure of their liabilities. Between June 30, 2025, and September 30, 2025, they saw a decrease in interest-bearing demand deposits (down $27.5 million) and savings/money market deposits (down $22.8 million), but this was more than offset by a significant $71.1 million increase in time deposits. This shift suggests success in securing longer-term, more stable funding relationships, which often come from more in-depth customer consultations about treasury management or investment needs, driving fee opportunities. Year-over-year, total deposits were up $59.4 million from September 30, 2024.

Here are the key financial metrics that illustrate the scale of their customer-facing business as of the end of Q3 2025:

Metric	Amount as of September 30, 2025	Quarterly Change (vs. Q2 2025)
Total Assets	$3.15 billion	Up $37.1 million
Total Loans (excl. held for sale)	$2.04 billion	Up $43.5 million
Total Deposits	$2.58 billion	Up $28.1 million
SBA Loans Closed (Q3 2025)	$28.4 million	Up $12.6 million (vs. Q2 2025)

The services offered are designed to capture the full financial relationship with individuals and businesses:

• Deliver community banking services to individuals, small businesses, and agricultural customers.
• Provide specialized solutions including mortgage, government guaranteed lending, and consumer insurance.
• Offer wealth management and merchant services to drive fee income streams.
• Maintain a physical network across Georgia, Alabama, and the Florida Panhandle for local decision-making.

Finance: draft 13-week cash view by Friday.

Colony Bankcorp, Inc. (CBAN) - Canvas Business Model: Channels

You're looking at how Colony Bankcorp, Inc. (CBAN) gets its services to customers as of late 2025, which is a moment of significant expansion following a major acquisition.

The physical branch network remains central, though it's in a transition phase following the December 1, 2025, merger with TC Bancshares, Inc. Before that deal, Colony Bankcorp operated a network concentrated in Georgia, Alabama, and Florida. As of Q1 2025, the network stood at 36 locations in Georgia, one in Alabama, and two in Florida. The merger brings in TC Federal Bank's branches across Northern Florida and Southern Georgia, which will operate under the Colony Bank brand into early 2026. The combined entity commands approximately $3.7 billion in total assets as of December 1, 2025.

Here's the quick math on the branch footprint just before the merger closed:

State	Branch Count (Q1 2025)	Geographic Focus
Georgia	36	High-growth metro and stable rural markets
Alabama	1	Birmingham area
Florida	2	Tallahassee and Florida Panhandle

The digital banking platform is a key channel for efficiency and customer experience, which management is actively investing in. Colony Bankcorp has rolled out a new digital banking platform, alongside implementing Salesforce CRM and nCino loan origination software. This tech stack helps clients manage cash flow and payments efficiently, balancing community bank service with modern financial technology.

Specialized lending divisions, like Mortgage and SBA, are critical for generating both interest and non-interest income. The total loan book size, after the TC Bancshares merger, reached approximately $2.4 billion as of December 1, 2025. For context on the pre-merger loan mix (Q1 2025), real estate loans made up 83.6% of the portfolio. The Mortgage division showed resilience in Q1 2025, with production hitting $72.0 million and sales at $55.9 million. Separately, the bank closed $28.4 million in SBA loans in Q3 2025.

You can see the detailed loan composition from Q1 2025 here:

Loan Category	Percentage of Portfolio (Q1 2025)
Commercial Real Estate (CRE)	34.1% (Nonowner Occupied)
Owner Occupied Real Estate	22.4%
Residential Real Estate	21.5%
Commercial Loans	10.3%
Consumer and Other Loans	5.3%
Agriculture Loans	0.8%

For fee-based services, Colony Wealth Advisors and Colony Insurance agencies are growing in importance as revenue diversifiers. In Q3 2025, both these lines, along with merchant services, saw strong revenue increases. Colony Insurance bolstered its channel capability by completing the acquisition of the Ellerbee Agency in May 2025. For Colony Wealth Advisors, associated loan balances were reported around $90 million in Q3 2025, representing a year-over-year increase of $45 million.

The noninterest income stream from these channels is becoming more robust:

• Total Noninterest Income in Q3 2025 reached $10.1 million.
• This was up from $9.0 million in Q1 2025.
• The primary components of noninterest income in Q1 2025 were service charges, insurance, and interchange income.

Finance: draft pro-forma balance sheet reflecting the December 1, 2025, merger by next Tuesday.

Colony Bankcorp, Inc. (CBAN) - Canvas Business Model: Customer Segments

You're looking at who Colony Bankcorp, Inc. (CBAN) is actually serving right now, late in 2025, based on their footprint and recent financial activity. Honestly, their customer base is deeply rooted in the Southeast, particularly Georgia, but they are expanding their reach into Alabama and Florida markets like Birmingham and Tallahassee.

The core of their business is clearly tied to the real estate sector, which tells you a lot about their commercial and investor segments. As of September 30, 2025, total loans stood at $2.04 billion, and at June 30, 2025, approximately 83% of that portfolio was secured by real estate. This concentration points directly to the importance of commercial real estate investors and developers in their model.

Here's a breakdown of the key groups Colony Bankcorp, Inc. targets:

• Small to mid-sized businesses (SMEs) in the Southeast
• Retail customers seeking traditional and digital banking services
• Commercial real estate investors and developers
• High-net-worth individuals for wealth management services

For the SME segment, you see direct action through their Small Business Specialty Lending (SBSL) unit. For example, in the second quarter of 2025, SBSL closed $15.8 million in Small Business Administration (SBA) loans. That's concrete evidence of their focus on that market.

The retail segment is supported by their ongoing technology upgrades, including a new digital banking platform, which helps them compete for deposits. Total deposits were $2.58 billion as of September 30, 2025. If the announced merger with TC Bancshares closes in the fourth quarter of 2025, the combined entity projects total deposits of $3.1 billion, showing a clear intent to grow this base.

The commercial real estate segment is the largest loan category. You can see the specific sub-segments they finance, which is crucial for understanding their risk profile and client concentration. This data comes from their Q1 2025 portfolio breakdown:

Real Estate Sub-Segment	Percentage of Total Real Estate Loans (Q1 2025)
Nonowner Occupied Real Estate	34.1%
Owner Occupied Real Estate	22.4%
Residential Real Estate	21.5%

The wealth management and fee-based services target the high-net-worth individuals, though the specific AUM (Assets Under Management) isn't explicitly broken out here. We can infer their importance from the noninterest income figures. For the third quarter ended September 30, 2025, noninterest income totaled $10.1 million, which includes service charges, insurance, and mortgage fee income, all services relevant to more affluent or complex client relationships. Mortgage production in that same quarter was $87.3 million.

To be defintely clear about the overall scale of the client base they serve, consider the combined entity post-merger projection. The combined organization is expected to hold approximately $3.8 billion in total assets and $2.4 billion in loans, solidifying their position as one of the leading community banks in the Southeast.

Finance: draft Q4 2025 customer segment impact analysis by Friday.

Colony Bankcorp, Inc. (CBAN) - Canvas Business Model: Cost Structure

You're looking at the expenses Colony Bankcorp, Inc. (CBAN) is managing as it integrates the TC Bancshares acquisition. Honestly, for a bank, the cost of money-what you pay for deposits and borrowings-is always the biggest line item, followed closely by the people and the tech keeping the doors open.

Interest Expense on Deposits and Borrowings (Cost of Funds)

The cost to fund the balance sheet has been relatively stable, though it did tick down slightly in the most recent quarter. For the second quarter of 2025, the cost of funds was reported at approximately 2.04%. By the third quarter of 2025, Colony Bankcorp managed to bring that cost down a hair to 2.03%, showing some discipline in managing deposit rates even as loan yields continued to gain momentum.

Non-Interest Expense and Specific Cost Drivers

Total noninterest expense for the third quarter of 2025 hit $24.6 million, up from $22.0 million in the second quarter of 2025. This increase reflects both normal operational growth and, critically, one-time integration costs. On an operating basis, the net non-interest expense to average assets improved four basis points from the prior quarter to 1.48%, with management targeting a go-forward run-rate around 1.45%.

Here's a breakdown of the key components driving that third-quarter expense:

• Merger Costs: Included $0.7 million related to the TC Bancshares deal.
• Wire Fraud Loss: Recognized a $1.25 million loss from an insurance coverage dispute tied to a prior incident.
• Salaries and G&A: Increased due to strategic hires supporting growth.
• Technology Costs: Higher data processing expenses were noted due to increased activity.

You can see how the non-interest expense structure looked in Q3 2025, separating the recurring operating costs from the one-time hits:

Expense Category	Q3 2025 Amount (Millions USD)	Notes
Total Noninterest Expense	$24.6	Reported total for the quarter.
Merger-Related Expenses	$0.7	Costs associated with the TC Bancshares integration.
Wire Fraud Loss (Non-recurring)	$1.25	One-time charge recognized in the quarter.
Operating Non-Interest Expense (Approximate)	$22.65	Total Expense less the $1.95M in noted one-time items ($0.7M + $1.25M).

Provision for Credit Losses

The Provision for Credit Losses (PCL) was $900,000 recorded in the third quarter of 2025. This was up from $450,000 in Q2 2025, driven by higher net charge-offs, particularly in the Small Business Specialty Lending (SBSL) division. Management indicated that Q3 2025 represented the peak for SBSL charge-offs.

Merger-related Expenses for TC Bancshares Integration

The merger with TC Bancshares, Inc. officially closed on December 1, 2025. Colony Bankcorp noted $0.7 million in merger costs within its Q3 2025 noninterest expense. Looking ahead, fourth-quarter expenses were expected to include at least one month of TC Federal expenses post-merger, with system conversion planned for the first quarter of 2026. The transaction is expected to generate cost savings of $5.6 million, or 33.4% of TCBC's non-interest expense, with those saves targeted to begin in the second quarter of 2026.

Branch and Physical Infrastructure Operating Costs

Specific figures for branch and physical infrastructure operating costs aren't broken out separately in the high-level reports, but you know this cost is baked into the total Non-Interest Expense of $24.6 million for Q3 2025. The integration of TC Federal Bank's existing branches-which customers continue to use until conversion in early 2026-will add to this line item in the near term, offset by the projected $5.6 million in annualized cost savings from shared infrastructure.

Colony Bankcorp, Inc. (CBAN) - Canvas Business Model: Revenue Streams

You're looking at the core ways Colony Bankcorp, Inc. makes money as of late 2025. It's a classic banking model, but the non-interest income sources are where the specialized services really show up.

The biggest piece, as you'd expect for a bank, is the spread between what they earn on assets and pay on liabilities. Net Interest Income (NII) is the engine here, and it's running strong.

Net Interest Income (NII) from loan and investment portfolios was reported at $22.9 million on a tax-equivalent basis for the third quarter ended September 30, 2025. This compares favorably to the $18.7 million reported for the same period in 2024. The Net Interest Margin (NIM) for Q3 2025 hit 3.17%.

Non-interest income is the second major bucket. For the third quarter of 2025, total noninterest income was $10.1 million. This was essentially flat year-over-year, up only $9,000 or 0.09% compared to Q3 2024. Still, the internal mix shifted.

Here's a look at how those revenue streams broke down for Q3 2025, based on the components driving the total non-interest income:

Revenue Stream Component	Q3 2025 Data Point	Context/Comparison
Net Interest Income (Tax-Equivalent)	$22.9 million	Up from $18.7 million in Q3 2024
Total Non-Interest Income	$10.1 million	Up $9,000 (0.09%) from Q3 2024
Mortgage Production	$87.3 million	Down from $94.9 million in Q2 2025
Mortgage Sales	$65.1 million	Down from $65.3 million in Q2 2025
Total Loans (End of Q3 2025)	$2.04 billion	Up $43.5 million from prior quarter

You see the mortgage business is a key driver of non-interest income, though Q3 2025 production was a bit softer than the second quarter. Colony Bankcorp, Inc. generates Non-Interest Income from mortgage origination and sales fees, which saw an increase in Q3 2025 compared to the prior year period.

Fee income from government-guaranteed loan sales, specifically SBA loans (SBSL), was a drag on the quarter's non-interest income, as the results noted a decrease in gains on sales of SBA loans. Management did note that Q3 2025 represented the peak for SBSL charge-offs, so that headwind might ease.

Service charges on deposit accounts and interchange fees contributed positively to the quarter's results. Colony Bankcorp, Inc. saw a meaningful increase in general fee income and specifically in interchange income during the third quarter of 2025.

The specialized services are definitely showing growth momentum. Colony Bankcorp, Inc.'s wealth management and insurance commission revenue streams are performing well. Both Colony Wealth Advisors and Colony Insurance saw strong increases in revenues in Q3 2025. Insurance commissions specifically contributed to an increase in noninterest income compared to Q3 2024.

The bank is focused on several revenue-generating activities:

• Growing core deposits, which reached $2.58 billion at September 30, 2025.
• Achieving annual organic loan growth between 8% and 12% looking ahead.
• Aiming for five complementary lines of business each generating over $1 million in net income.

Finance: draft 13-week cash view by Friday.