Colony Bankcorp Q3 2026 net income rises to $10.5M

Q: What were CBAN’s third-quarter 2026 earnings?

Colony Bankcorp reported net income of $10.521 million for the quarter ended September 30, 2026, compared with $5.819 million in the third quarter of 2025. Net interest income was $30.377 million versus $22.699 million, and diluted earnings per share were $0.50 versus $0.33.

Q: When is CBAN’s $0.12 dividend payable?

The board declared a quarterly cash dividend of $0.12 per share, payable November 25, 2026, to shareholders of record as of the close of business on November 11, 2026.

Upon the Tifton closing and lease amendment, aggregate initial annual base rent is to rise by $308,275 to $1,651,900.

Filing Impact

(Moderate)

Filing Sentiment

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Form Type

8-K

Rhea-AI Filing Summary

Colony Bankcorp (CBAN) reported third-quarter 2026 net income of $10.521 million, versus $5.819 million a year earlier. Net interest income was $30.377 million versus $22.699 million, and diluted earnings per share were $0.50 versus $0.33.

Colony Bank completed the sale of its Manchester and Thomaston, Georgia, branches to MountainSeed Real Estate Services, LLC for $16,188,253 and leased them back from TFE CLBA LLC; Colony Bankcorp guaranteed the Bank’s lease obligations. The Tifton sale for $3,714,157 remains subject to buyer inspection, termination rights and other closing conditions. The three-property gross purchase price is $19,902,410. Initial annual rent for the two properties is $1,343,625, rising to $1,651,900 after Tifton closes and the lease is amended. The 15-year triple-net lease has 2% annual compounded increases beginning in the second rent year. Colony estimates an approximately $15 million pretax gain, expected to be offset by realized losses from planned securities repositioning.

Classified loans were $53.890 million, versus $24.183 million a year earlier. The board declared a $0.12-per-share dividend payable November 25, 2026, to shareholders of record November 11, 2026.

1 point · 0 major

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0 major · 1 point

How the balance works

Positive

Moderate pointThird-quarter net income was $10.521 million, versus $5.819 million in 2025.

Negative

Moderate pointClassified loans were $53.890 million, versus $24.183 million in third-quarter 2025.

Filing Explained

On October 27, Colony Bankcorp became obligated under a guarantee of its bank’s lease: after an uncured default and written demand, it must pay or perform; the landlord may seek damages, including discounted future rent, and Colony’s rights to recover from the bank are deferred until the landlord is paid in full.

8-K Event Classification

5 items: 1.01, 2.02, 2.03, 7.01, 9.01

5 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net income: $10.521 million Net interest income: $30.377 million Diluted earnings per share: $0.50 +5 more

8 metrics

Net income $10.521 million Third quarter 2026; $5.819 million in third quarter 2025.

Net interest income $30.377 million Third quarter 2026; $22.699 million in third quarter 2025.

Diluted earnings per share $0.50 Third quarter 2026; $0.33 in third quarter 2025.

Provision for credit losses $1.650 million Third quarter 2026; $0.900 million in third quarter 2025.

Total nonperforming loans $21.085 million Third quarter 2026; $14.366 million in third quarter 2025.

Classified loans $53.890 million Third quarter 2026; $24.183 million in third quarter 2025.

Aggregate gross purchase price $19,902,410 Three branch properties under the sale agreement; the Tifton transaction remains pending.

Quarterly cash dividend $0.12 per share Declared October 28, 2026; payable November 25, 2026, to shareholders of record November 11, 2026.

Key Terms

triple-net lease, tangible book value per common share, pre-provision net revenue, non-GAAP financial measures

4 terms

triple-net lease financial

"absolute triple-net lease"

A triple-net lease is a rental agreement where the tenant pays the base rent plus the property's operating expenses—typically taxes, insurance, and maintenance—so the landlord receives mostly a steady, predictable cash payment. For investors, it matters because it can act like a low-maintenance, bond-like income stream with clearer expense exposure, but returns depend on the tenant’s financial strength and long-term ability to cover those extra costs.

pre-provision net revenue financial

"Pre-provision net revenue shows earnings before income taxes"

Pre-provision net revenue is a bank’s income from core operations — interest earned minus interest paid plus fees and other operating income, after operating costs — measured before setting aside funds for potential loan losses. Investors use it to gauge how well a bank’s everyday business generates money independent of one-time loss reserves, like judging a store’s sales and operating profit before accounting for an expected number of returned items.

non-GAAP financial measures financial

"are not measures recognized under U.S. generally accepted accounting principles"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

Earnings Snapshot

Net income: $10.521 million · Guidance included

Third quarter ended September 30, 2026

Net income $10.521 million Compared with $5.819 million in third quarter 2025.

Net interest income $30.377 million Compared with $22.699 million in third quarter 2025.

Diluted earnings per share $0.50 Compared with $0.33 in third quarter 2025.

Provision for credit losses $1.650 million Compared with $0.900 million in third quarter 2025.

Guidance

The long-term loan growth target remains unchanged; management said near-term loan growth is likely to be softer.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were CBAN’s third-quarter 2026 earnings?

Colony Bankcorp reported net income of $10.521 million for the quarter ended September 30, 2026, compared with $5.819 million in the third quarter of 2025. Net interest income was $30.377 million versus $22.699 million, and diluted earnings per share were $0.50 versus $0.33.

What remains pending in CBAN’s branch sale-leaseback?

The Manchester and Thomaston properties were sold for an aggregate gross purchase price of $16,188,253. The Tifton property sale, priced at $3,714,157, remains subject to the buyer’s inspection and termination rights and other closing conditions.

When is CBAN’s $0.12 dividend payable?

The board declared a quarterly cash dividend of $0.12 per share, payable November 25, 2026, to shareholders of record as of the close of business on November 11, 2026.

What lease terms apply to CBAN’s branch properties?

Initial annual base rent for the two properties already leased back is $1,343,625, with 2% annual compounded increases beginning in the second rent year. The lease’s initial term ends October 31, 2041, and the Bank has one 15-year renewal option, subject to notice and no-default conditions. The Bank is responsible for taxes, insurance, maintenance, repairs, capital improvements and other property-related expenses.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/28/2026 - 04:16 PM EDT Accepted by SEC EDGAR 10/28/2026 - 04:15 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 28, 2026

COLONY BANKCORP, INC.

(Exact name of registrant as specified in its charter)


Georgia	001-42397	58-1492391
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

115 South Grant Street, Fitzgerald, Georgia 31750

(Address of principal executive offices) (Zip Code)

(229) 426-6000

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each Class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, par value $1.00 per share	CBAN	The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On October 27, 2026, Colony Bank (the “Bank”), a Georgia state-chartered bank and wholly owned subsidiary of Colony Bankcorp, Inc. (the “Company”), entered into an Agreement for Purchase and Sale of Property (the “Purchase Agreement”) with MountainSeed Real Estate Services, LLC, a Georgia limited liability company (the “Buyer”), providing for the sale and leaseback of three Bank branch properties for an aggregate gross purchase price of $19,902,410. On that date, the Bank completed the initial sale of the properties in Manchester and Thomaston, Georgia, for an aggregate gross purchase price of $16,188,253. The sale of the third property, in Tifton, Georgia, for $3,714,157 is a follow-on transaction under the Purchase Agreement that has not closed and remains subject to the Buyer’s inspection and termination rights and other closing conditions.

Concurrently with the initial closing, the Bank entered into a Master Lease with TFE CLBA LLC, a Delaware limited liability company (the “Landlord”), to lease back the Manchester and Thomaston properties. The Master Lease commenced on October 27, 2026 and has an initial term ending October 31, 2041, with one option to renew all properties then subject to the Master Lease for an additional 15 years, subject to its notice and no-default conditions. Initial annual base rent for the two properties is $1,343,625, payable in advance in monthly installments, with 2% annual compounded increases beginning in the second rent year. The Master Lease is an absolute triple-net lease under which the Bank is responsible for taxes, insurance, maintenance, repairs, capital improvements and other property-related expenses. Initial renewal rent is the greater of fair market rent and 102% of the preceding year’s base rent, with 2% annual compounded increases thereafter.

At the closing of the Tifton follow-on transaction, the Bank and the Landlord are to amend the Master Lease to add that property, with the Company’s acknowledgment and agreement. The Purchase Agreement provides that aggregate initial annual base rent will increase by $308,275 to $1,651,900 upon that closing and amendment. The follow-on transaction is not included in the completed initial sale.

Also on October 27, 2026, the Company entered into a Guaranty of Lease (the “Guaranty”) in favor of the Landlord, guaranteeing payment and performance of the Bank’s obligations under the Master Lease. Upon an event of default that is continuing, subject to applicable notice and cure provisions, the Landlord may terminate the Master Lease and seek damages, including the discounted value of future base rent and other amounts payable under the Master Lease, subject to applicable law. The Guaranty provides for payment and performance by the Company upon written demand following an uncured default under the Master Lease. The Company’s subrogation rights against the Bank are deferred until all amounts payable to the Landlord under the Master Lease have been paid in full.

The foregoing descriptions of the Purchase Agreement, Master Lease and Guaranty are summaries and are qualified in their entirety by the complete terms of those agreements, which are filed as Exhibits 10.1, 10.2 and 10.3, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

Item 2.02. Results of Operations and Financial Condition.

On October 28, 2026, Colony Bankcorp, Inc. issued a press release announcing its consolidated financial results for the third quarter ended September 30, 2026, as well as the announcement of a regular quarterly cash dividend. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On October 27, 2026, the Bank became obligated under the Master Lease and the Company became obligated under the Guaranty. The information set forth in Item 1.01 of this Current Report on Form 8-K regarding the Master Lease, the Guaranty and the obligations thereunder, including the additional rent contemplated upon completion of the Tifton follow-on transaction, is incorporated by reference into this Item 2.03.

Item 7.01. Regulation FD Disclosure.

The Company is furnishing a copy of its most recent investor presentation, which it intends to use in connection with certain community group presentations. A copy of the presentation materials to be used by the Company is furnished as Exhibit 99.2 to this Current Report and is incorporated herein by reference. The Company will also host an investor earnings call at 9:00 a.m. ET on Thursday, October 29, 2026.

In accordance with General Instruction B.2 of Form 8-K, the information in Items 2.02 and 7.01 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing. Items 1.01 and 2.03 and Exhibits 10.1, 10.2 and 10.3 are filed, not furnished.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit Number		Description
10.1		Agreement for Purchase and Sale of Property, dated October 27, 2026, between Colony Bank and MountainSeed Real Estate Services, LLC (filed herewith).
10.2		Master Lease, dated October 27, 2026, between TFE CLBA LLC and Colony Bank (filed herewith).
10.3		Guaranty of Lease, dated October 27, 2026, by Colony Bankcorp, Inc. in favor of TFE CLBA LLC (filed herewith).
99.1		Colony Bankcorp, Inc., press release dated October 28, 2026
99.2		Investor Presentation dated October 28, 2026
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	COLONY BANKCORP, INC.


Date: October 28, 2026	By:	/s/ Derek Shelnutt
		Derek Shelnutt
		Executive Vice President and Chief Financial Officer

Exhibit 99.1

For additional information, contact:

Derek Shelnutt

EVP & Chief Financial Officer

229-426-6000, extension 6119

COLONY BANKCORP, INC. REPORTS THIRD QUARTER 2026 RESULTS

DECLARES QUARTERLY CASH DIVIDEND OF $0.12 PER SHARE

FITZGERALD, GA. (October 28, 2026) – Colony Bankcorp, Inc. (NYSE: CBAN) (“Colony” or the “Company”) today reported financial results for the third quarter of 2026. Financial highlights are shown below.

Financial Highlights:

●

Net income was $10.5 million, or $0.50 per diluted share, for the third quarter of 2026, compared to $10.9 million, or $0.51 per diluted share, for the second quarter of 2026, and $5.8 million, or $0.33 per diluted share, for the third quarter of 2025.

●

Operating net income was $11.6 million, or $0.54 of operating earnings per diluted share, for the third quarter of 2026, compared to $11.0 million, or $0.52 of operating earnings per diluted share, for the second quarter of 2026, and $8.2 million, or $0.47 of operating earnings per diluted share, for the third quarter of 2025. (See Reconciliation of Non-GAAP Measures).

●

Provision for credit losses of $1.7 million was recorded in the third quarter of 2026 compared to $1.9 million in the second quarter of 2026, and $900,000 in the third quarter of 2025.

●

Total loans, excluding loans held for sale, were $2.48 billion at September 30, 2026, an increase of $12.3 million, or 0.50%, from the prior quarter.

●

Total deposits were $2.96 billion and $2.97 billion at September 30, 2026 and June 30, 2026, respectively, a decrease of $14.5 million.

●

Mortgage production was $96.5 million, and mortgage sales totaled $69.2 million in the third quarter of 2026 compared to $115.4 million and $67.3 million, respectively, for the second quarter of 2026.

●

Small Business Specialty Lending (“SBSL”) closed $29.9 million in Small Business Administration (“SBA”) loans and sold $12.7 million in SBA loans in the third quarter of 2026 compared to $13.0 million and $5.5 million, respectively, for the second quarter of 2026.

The Company also announced that on October 28, 2026, the Board of Directors declared a quarterly cash dividend of $0.12 per share, to be paid on its common stock on November 25, 2026, to shareholders of record as of the close of business on November 11, 2026. The Company had 21,220,149 shares of its common stock outstanding as of October 26, 2026.

“We are pleased to report improved financial performance in the third quarter, driven by solid execution and sustained profitability across our core franchise,” said Heath Fountain, Chief Executive Officer. “The momentum built over recent quarters reflects the resilience of our business model and our focus on disciplined balance sheet management, efficiency, and sound credit quality. As we move through the remainder of the year and complete our partnership with First Reliance, we believe we are well positioned to capitalize on the opportunities that will allow us to deliver consistent results.”

“Loan growth was lower in the third quarter and is reflective of our commitment to pricing discipline in a changing rate environment. Margin continues to improve, which is a result of increasing earning asset yields and consistent pricing on our new and renewed loans. While our long-term target for loan growth remains unchanged, we are likely to see softer growth in the near-term.”

“We previously announced that all necessary regulatory approvals and shareholder approvals have been obtained for our partnership with First Reliance. Both teams have been working to ensure a smooth transition at legal close as well as preparing for our systems conversion and customer integration currently expected in the second quarter of 2027 and we remain on track to successfully achieve our goals.”

“As we look ahead, our outlook remains bright. Uniting our teams and strengths allows us to build on our momentum, sharpen our focus on operational excellence, and deliver even greater long-term value to our shareholders, customers, and communities.”

Balance Sheet

●

Total assets were $3.65 billion at September 30, 2026, an increase of $20.3 million from June 30, 2026.

●

Total loans, excluding loans held for sale, were $2.48 billion at September 30, 2026, an increase of $12.3 million from June 30, 2026.

●

Total deposits were $2.96 billion and $2.97 billion at September 30, 2026 and June 30, 2026, respectively, a decrease of $14.5 million. Decreases were seen in noninterest-bearing demand deposits of $6.8 million and interest-bearing demand deposits of $44.1 million partially offset by increases in savings and money market deposits of $15.1 million and time deposits of $21.4 million, from June 30, 2026 to September 30, 2026.

●

Total borrowings at September 30, 2026 were $263.2 million, an increase of $30.0 million compared to June 30, 2026.

Capital

●

Colony continues to maintain a strong capital position, with ratios that exceed applicable regulatory minimums required to be considered as “well-capitalized.”

●

The Company’s preliminary consolidated tier one leverage ratio, tier one capital ratio, total risk-based capital ratio and common equity tier one capital ratio were 10.57%, 14.41%, 16.78%, and 13.50%, respectively, at September 30, 2026.

Third Quarter and Nine-Months Ended September 30, 2026 Results of Operations

●

Net interest income, on a tax-equivalent basis, totaled $30.5 million for the third quarter ended September 30, 2026 compared to $22.9 million for the same period in 2025. Net interest income, on a tax-equivalent basis, totaled $89.9 million for the nine months ended September 30, 2026 compared to $66.6 million for the same period in 2025. For both periods, increases occurred in income on interest earning assets which was partially offset by increases in expense on interest bearing liabilities. Income on interest earning assets increased $9.5 million to $46.6 million for the third quarter of 2026 compared to the same period in 2025. Expense on interest bearing liabilities increased $1.9 million to $16.1 million for the third quarter of 2026 compared to the same period in 2025. Income on interest earning assets increased $27.8 million to $137.6 million for the nine months ended September 30, 2026 compared to the same period in 2025. Expense on interest bearing liabilities increased $4.5 million to $47.7 million for the nine months ended September 30, 2026 compared to the same period in 2025.

●

Net interest margin for the third quarter of 2026 was 3.59% compared to 3.17% for the third quarter of 2025. Net interest margin for the nine months ended September 30, 2026 was 3.53% compared to 3.07% for the nine months ended September 30, 2025. The increase for both periods was impacted by the Company’s acquisition of TC Bancshares, Inc. in the fourth quarter of 2025, and was also impacted by increases in interest earning asset yields period over period, as well as the decreased cost of funds.

●

Noninterest income totaled $12.3 million for the third quarter of 2026, an increase of $2.2 million, or 21.6%, compared to the same period in 2025. Noninterest income totaled $35.1 million for the nine months ended September 30, 2026, an increase of $5.9 million, or 20.1%, compared to the same period in 2025. For both periods, increases occurred in service charges on deposits, mortgage fee income, interchange fees, BOLI income, which included a tax-free gain of $706 thousand in the second quarter of 2026, along with an increase in wealth advisor income and an insurance gain of $813 thousand in the third quarter of 2026 related to a previous branch building fire, both which are included in other noninterest income, partially offset by decreases in gains on sales of SBA loans.

●

Noninterest expense totaled $27.6 million for the third quarter of 2026, compared to $24.6 million for the same period in 2025. Noninterest expense totaled $81.8 million for the nine months ended September 30, 2026, compared to $66.8 million for the same period in 2025. Increases for both periods occurred in salaries and employee benefits, occupancy and equipment, information technology expenses and acquisition and integration-related expenses related to the acquisition of TC Bancshares, Inc. which occurred in the fourth quarter of 2025 as well as expenses related to the upcoming merger with First Reliance Bancshares, Inc.

Asset Quality

●

Nonperforming assets totaled $25.0 million and $20.9 million at September 30, 2026 and June 30, 2026, respectively, an increase of $4.1 million.

●

Other real estate owned and repossessed assets totaled $3.9 million at September 30, 2026 and $2.0 million at June 30, 2026.

●

Net loans charged-off were $1.7 million, or 0.27% of average loans for the third quarter of 2026, compared to $1.8 million, or 0.29% for the second quarter of 2026.

●

The allowance for credit losses on loans was $22.5 million, or 0.91% of total loans, at September 30, 2026, compared to $22.0 million, or 0.89% of total loans at June 30, 2026.

●

The increase in classified and criticized loans is primarily driven by the downgrade of one construction relationship with circumstances unique to the individual borrower.

Subsequent Event: Strategic Sale-Leaseback and Balance Sheet Repositioning

On October 27, 2026, Colony Bank (the “Bank”), a Georgia state-chartered bank and wholly-owned subsidiary of the Company, entered into a Purchase and Sale Agreement for the sale of three retail banking branch properties for an aggregate gross purchase price of approximately $19.9 million. The Bank entered into a 15-year master lease agreement to lease back each property, with Bank options to extend the term for an additional 15 years. Aggregate first-year base rent under the triple-net lease is approximately $1.65 million, subject to 2.0% annual escalations. The Bank will not close any branches or exit any markets in connection with this transaction. The Company estimates that the sale-leaseback transaction will result in an aggregate pre-tax gain of approximately $15 million, which is expected to be offset by realized losses from a planned repositioning of the Bank’s investment securities portfolio. The Bank intends to use available net proceeds to enhance liquidity, support future loan growth, and improve the Company's overall balance sheet flexibility and interest rate risk profile. The combined transactions are expected to be accretive to tangible book value per share and recurring earnings.

Earnings call information

The Company will host an earnings conference call at 9:00 a.m. ET on Thursday, October 29, 2026, to discuss the recent results and answer relevant questions. The conference call can be accessed by dialing 1-833-461-5787 and using the Conference ID: 588 312 883. A replay of the call will be available until Thursday, November 5, 2026. To listen to the replay, dial 1-833-309-1852 and enter the passcode 588 312 883.

About Colony Bankcorp

Colony Bankcorp, Inc. is the bank holding company for Colony Bank. Founded in Fitzgerald, Georgia in 1975, Colony operates locations throughout Georgia and across North Florida, including Tallahassee, Jacksonville, and the Florida Panhandle. Colony Bank provides a consultative approach in offering a range of banking solutions for personal and business customers. In addition to traditional banking services, Colony Bank provides specialized solutions including mortgage lending, government-guaranteed lending, consumer insurance, wealth management, credit cards and merchant services. Colony Bankcorp’s common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “CBAN.” For more information, please visit www.colony.bank. You can also follow the Company on social media.

Forward-Looking Statements

Certain statements contained in this press release that are not statements of historical fact constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, certain statements may be contained in the Company’s future filings with the Securities and Exchange Commission (the “SEC”), in press releases, and in oral and written statements made by or with the approval of the Company that are not statements of historical fact and constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, but are not limited to: (i) projections and/or expectations of revenues, income or loss, earnings or loss per share, the payment or nonpayment of dividends, capital structure and other financial items; (ii) statement of plans and objectives of Colony Bankcorp, Inc. or its management or Board of Directors, including those relating to products or services; (iii) statements of future economic performance; (iv) statements regarding growth strategy, capital management, liquidity and funding, and future profitability; (v) statements relating to the timing, benefits, costs, and synergies of the recently announced acquisition of First Reliance Bancshares, Inc. (“First Reliance”) (the “Merger”); (vi) statements concerning the sale-leaseback transactions and investment securities portfolio repositioning, including their timing, expected proceeds, estimated gains and losses, accounting and tax treatment, intended use of proceeds, continued branch operations, and anticipated effects on earnings, liquidity,

capital and tangible book value, and (vii) statements of assumptions underlying such statements. Words such as “may”, “will”, “anticipate”, “assume”, “should”, “support”, “indicate”, “would”, “believe”, “contemplate”, “expect”, “estimate”, “continue”, “further”, “plan”, “point to”, “project”, “could”, “intend”, “target” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements.

Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties. Factors that might cause such differences include, but are not limited to: the impact of current and future economic conditions, particularly those affecting the financial services industry, including the effects of declines in the real estate market, tariffs or trade wars (including the resulting reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), high unemployment rates, inflationary pressures, changes in interest rates (including the impact of volatile interest rates on our financial projections and models) and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing; the risk of reductions in benchmark interest rates and the resulting impacts on net interest income; potential impacts of adverse developments in the banking industry highlighted by high-profile bank failures, including impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto; risks arising from negative media coverage and perceived instability in the banking industry and the banking sector; the risks of changes in interest rates and their effects on the level, cost, and composition of, and competition for, deposits, loan demand and timing of payments, the values of loan collateral, securities, and interest sensitive assets and liabilities; the ability to attract new or retain existing deposits, to retain or grow loans or additional interest and fee income, or to control noninterest expense; the effect of pricing pressures on the Company’s net interest margin; the failure of assumptions underlying the establishment of reserves for possible credit losses, fair value for loans and other real estate owned; changes in real estate values; the Company’s ability to implement its various strategic and growth initiatives; increased competition in the financial services industry, particularly from regional and national institutions, as well as fintech companies and other non-bank financial service providers offering digital, automated or alternative financial products and services; economic conditions, either nationally or locally, in areas in which the Company conducts operations being less favorable than expected; changes in the prices, values and sales volumes of residential and commercial real estate; developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; legislation or regulatory changes which adversely affect the ability of the consolidated Company to conduct business combinations or new operations; adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions, including as a result of the Company’s participation in and execution of government programs, those related to credit card interest rates, and legislative, regulatory or supervisory actions related to so-called “de-banking,” including any new prohibitions, requirements or enforcement priorities that could affect customer relationships, compliance obligations, or operational practices; significant turbulence or a disruption in the capital or financial markets and the effect of a fall in the stock market prices on our investment securities; significant volatility in the markets for equity, fixed income and other asset classes globally or within specific markets; the effects of war or other conflicts, including the ongoing conflicts in the Middle East; major political shifts domestically or internationally (including the potential for retaliatory actions by governments, market participants or clients based on diverging perspectives or otherwise); general risks related to the Company’s merger and acquisition activity, including risks associated with integrating and realizing the expected financial benefits of previous or pending acquisitions, and the Company’s pursuit of future acquisitions; risks associated with the pending Merger, including the risk that the cost savings and any revenue synergies may not be realized or take longer than anticipated to be realized as well as disruption to relationships with customers, suppliers, employees or other business partners relationships; the risk that First Reliance’s business may not be successfully integrated into the Company; the reaction of each of the Company’s and First Reliance’s customers, suppliers, employees or other business partners to the Merger; the risk that the integration of First Reliance’s operations into the operations of the Company will be materially delayed or will be more costly or difficult than expected; the timing and achievement of expected cost reductions following the Merger; the timing and achievement of the recovery of the reduction of tangible book value resulting from the Merger; general competitive, economic, political, and market conditions; the impact of emerging technologies, such as generative artificial intelligence; fraud or misconduct by internal or external actors, and system failures, cybersecurity threats or security breaches and the cost of defending against them; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding debt ceiling and the federal budget; and general competitive, economic, political and market conditions or other unexpected factors or events. These and other factors, risks and uncertainties could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict.

Forward-looking statements speak only as of the date on which such statements are made. These forward-looking statements are based upon information presently known to the Company’s management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in the Company’s filings with the Securities and Exchange Commission, the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, under the captions “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors,” and in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements.

Explanation of Certain Unaudited Non-GAAP Financial Measures

The measures entitled operating noninterest income, operating noninterest expense, operating net income, operating earnings per diluted share, operating return on average assets, operating return on average equity, return on average tangible equity, operating return on average tangible equity, tangible book value per common share, tangible equity to tangible assets, operating efficiency ratio, operating net noninterest expense to average assets, pre-provision net revenue, operating pre-provision net revenue, fully tax-equivalent interest income and net interest income, and the related fully tax-equivalent yields, interest rate spread and net interest margin are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. Operating noninterest income and operating noninterest expense are compared with GAAP noninterest income and noninterest expense, respectively. Operating net income and operating earnings per diluted share are compared with GAAP net income and diluted earnings per share, respectively. Operating return on average assets and operating return on average equity are compared with the corresponding returns calculated using GAAP amounts. Return on average tangible equity and operating return on average tangible equity are compared with return on average equity calculated using GAAP amounts. Tangible book value per common share and tangible equity to tangible assets are compared with book value per common share and total equity to total assets, respectively. Operating efficiency ratio and operating net noninterest expense to average assets are compared with the corresponding unadjusted ratios calculated using GAAP amounts. Pre-provision net revenue and operating pre-provision net revenue are compared with GAAP net income, with income taxes and the provision for credit losses separately added back. Fully tax-equivalent measures are compared with the corresponding income measures or ratios calculated without the tax-equivalent adjustment. Operating noninterest income excludes loss on sales of securities, the tax-free gain related to the BOLI claim, and the insurance gain related to the branch building fire. Operating noninterest expense excludes acquisition-related expenses and loss related to wire fraud incident. Operating net income reflects the exclusion of acquisition-related expenses, loss on sales of securities, the tax-free gain related to the BOLI claim, the insurance gain related to the branch building fire and loss related to the wire fraud incident, together with the related tax effects. Operating returns use operating net income and the applicable average asset or equity denominator. Operating efficiency ratio is operating noninterest expense divided by the sum of net interest income and operating noninterest income. Operating net noninterest expense to average assets is calculated using operating noninterest expense less operating noninterest income, divided by average assets and annualized. Acquisition-related expenses include fees associated with acquisitions and vendor contract buyouts. Acquisition-related expenses were incurred in each period presented; their exclusion does not mean that such expenses are nonrecurring. Operating earnings per diluted share includes the adjustments to operating net income. Tangible book value per common share deducts goodwill and other intangible assets from common equity before dividing by period-end common shares. Tangible equity to tangible assets deducts goodwill and other intangible assets from both total equity and total assets. Return on average tangible equity and operating return on average tangible equity deduct average goodwill and other intangible assets from average equity. Pre-provision net revenue is calculated by adding noninterest income to net interest income before provision for credit losses, and subtracting noninterest expense. Operating pre-provision net revenue is calculated by adding operating noninterest income to net interest income before provision for credit losses, and subtracting operating noninterest expense.

Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes these presentations provide useful supplemental information. Operating income, expense, earnings and return measures help management and investors assess period-to-period results separately from the specifically identified adjustments. Tangible book value and tangible equity measures show equity after deducting goodwill and other intangible assets. Tangible return measures assess returns relative to the resulting tangible equity base. Pre-provision net revenue shows earnings before income taxes and the provision for credit losses; operating pre-provision net revenue also reflects the specified operating adjustments. Operating efficiency and net noninterest expense ratios show the relationship of adjusted expenses to adjusted revenues or average assets. Fully tax-equivalent measures facilitate comparison of taxable and tax-exempt earning assets. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently. Excluded expenses may recur, and pre-provision net revenue and operating pre-provision net revenue do not reflect credit costs or income taxes.

These disclosures should not be considered an alternative to GAAP. The computations of operating noninterest income, operating noninterest expense, operating net income, operating earnings per diluted share, operating return on average assets, operating return on average equity, return on average tangible equity, operating return on average tangible equity, tangible book value per common share, tangible equity to tangible assets, operating efficiency ratio, operating net noninterest expense to average assets, pre-provision net revenue, operating pre-provision net revenue, fully tax-equivalent interest income and net interest income, and the related fully tax-equivalent yields, interest rate spread and net interest margin, and the reconciliation of these measures to their respective comparable GAAP measures or ratios calculated using GAAP amounts, as described above, are set forth in the tables below.

Colony Bankcorp, Inc.

Reconciliation of Non-GAAP Measures


	2026									2025
	Third			Second			First			Fourth			Third
(dollars in thousands, except per share data)	Quarter			Quarter			Quarter			Quarter			Quarter
Operating noninterest income reconciliation
Noninterest income (GAAP)	$	12,266		$	12,158		$	10,692		$	11,047		$	10,091
Tax-free gain related to BOLI claim		—			(706)			—			—			—
Insurance gain related to branch building fire		(813)			—			—			—			—
Loss on sales of securities		887			186			—			—			1,039
Operating noninterest income	$	12,340		$	11,638		$	10,692		$	11,047		$	11,130

Operating noninterest expense reconciliation
Noninterest expense (GAAP)	$	27,650		$	26,431		$	27,674		$	25,709		$	24,612
Acquisition-related expenses		(1,210)			(943)			(1,637)			(1,331)			(732)
Loss related to wire fraud incident		—			—			—			—			(1,252)
Operating noninterest expense	$	26,440		$	25,488		$	26,037		$	24,378		$	22,628

Operating net income reconciliation
Net income (GAAP)	$	10,521		$	10,857		$	8,204		$	7,843		$	5,819
Acquisition-related expenses		1,210			943			1,637			1,331			732
Loss related to wire fraud incident		—			—			—			—			1,252
Tax-free gain related to BOLI claim		—			(706)			—			—			—
Insurance gain related to branch building fire		(813)			—			—			—			—
Loss on sales of securities		887			186			—			—			1,039
Income tax benefit		(246)			(244)			(356)			(269)			(612)
Operating net income	$	11,559		$	11,036		$	9,485		$	8,905		$	8,230

Weighted average diluted shares		21,220,709			21,160,128			21,222,237			18,729,511			17,461,434

Operating earnings per diluted share	$	0.54		$	0.52		$	0.45		$	0.48		$	0.47

Operating return on average assets reconciliation
Return on average assets (GAAP)		1.14	%		1.18	%		0.90	%		0.93	%		0.75	%
Acquisition-related expenses		0.13			0.10			0.18			0.15			0.10
Loss related to wire fraud incident		—			—			—			—			0.16
Tax-free gain related to BOLI claim		—			(0.07)			—			—			—
Insurance gain related to branch building fire		(0.08)			—			—			—			—
Loss on sales of securities		0.10			0.02			—			—			0.13
Tax effect of adjustment items		(0.03)			(0.03)			(0.04)			(0.03)			(0.08)
Operating return on average assets		1.26	%		1.20	%		1.04	%		1.05	%		1.06	%

Operating return on average equity reconciliation
Return on average equity (GAAP)		10.66	%		11.33	%		8.77	%		9.49	%		7.80	%
Acquisition-related expenses		1.22			0.98			1.74			1.62			0.98
Loss related to wire fraud incident		—			—			—			—			1.68
Tax-free gain related to BOLI claim		—			(0.74)			—			—			—
Insurance gain related to branch building fire		(0.82)			—			—			—			—
Loss on sales of securities		0.90			0.19			—			—			1.39
Tax effect of adjustment items		(0.25)			(0.25)			(0.38)			(0.33)			(0.82)
Operating return on average equity		11.71	%		11.51	%		10.13	%		10.78	%		11.03	%

Return on average tangible equity reconciliation
Return on average equity (GAAP)		10.66	%		11.33	%		8.77	%		9.49	%		7.80	%
Effect of goodwill and intangibles		2.31			2.53			2.03			2.14			1.76
Return on average tangible equity		12.97	%		13.86	%		10.80	%		11.63	%		9.56	%

Colony Bankcorp, Inc.

Reconciliation of Non-GAAP Measures


	2026									2025
	Third			Second			First			Fourth			Third
(dollars in thousands, except per share data)	Quarter			Quarter			Quarter			Quarter			Quarter
Operating return on average tangible equity reconciliation
Return on average tangible equity		12.97	%		13.86	%		10.80	%		11.63	%		9.56	%
Acquisition-related expenses		1.49			1.20			2.16			1.97			1.20
Loss related to wire fraud incident		—			—			—			—			2.06
Tax-free gain related to BOLI claim		—			(0.90)			—			—			—
Insurance gain related to branch building fire		(1.00)			—			—			—			—
Loss on sales of securities		1.09			0.24			—			—			1.71
Tax effect of adjustment items		(0.30)			(0.31)			(0.47)			(0.40)			(1.01)
Operating return on average tangible equity		14.25	%		14.09	%		12.49	%		13.20	%		13.52	%

Tangible book value per common share reconciliation
Book value per common share (GAAP)	$	18.46		$	18.43		$	17.98		$	17.69		$	17.31
Effect of goodwill and other intangibles		(3.31)			(3.31)			(3.33)			(3.38)			(3.11)
Tangible book value per common share	$	15.16		$	15.12		$	14.65		$	14.31		$	14.20

Tangible equity to tangible assets reconciliation
Equity to assets (GAAP)		10.74	%		10.75	%		10.22	%		10.06	%		9.59	%
Effect of goodwill and other intangibles		(1.75)			(1.76)			(1.73)			(1.76)			(1.59)
Tangible equity to tangible assets		8.99	%		8.99	%		8.49	%		8.30	%		8.00	%

Operating efficiency ratio calculation
Efficiency ratio (GAAP)		64.84	%		62.89	%		69.37	%		69.65	%		75.06	%
Acquisition-related expenses		(2.86)			(2.25)			(4.10)			(3.61)			(1.98)
Loss related to wire fraud incident		—			—			—			—			(3.38)
Tax-free gain related to BOLI claim		—			1.06			—			—			—
Insurance gain related to branch building fire		1.25			—			—			—			—
Loss on sales of securities		(1.34)			(0.29)			—			—			(2.81)
Operating efficiency ratio		61.89	%		61.41	%		65.27	%		66.04	%		66.89	%

Operating net noninterest expense⁽¹⁾ to average assets calculation
Net noninterest expense to average assets		1.67	%		1.55	%		1.86	%		1.73	%		1.86	%
Acquisition-related expenses		(0.13)			(0.10)			(0.18)			(0.15)			(0.09)
Loss related to wire fraud incident		—			—			—			—			(0.16)
Tax-free gain related to BOLI claim		—			0.08			—			—			—
Insurance gain related to branch building fire		0.09			—			—			—			—
Loss on sales of securities		(0.10)			(0.02)			—			—			(0.13)
Operating net noninterest expense to average assets		1.53	%		1.51	%		1.68	%		1.58	%		1.48	%

Pre-provision net revenue
Net interest income before provision for credit losses	$	30,377		$	29,869		$	29,203		$	25,865		$	22,699
Noninterest income		12,266			12,158			10,692			11,047			10,091
Total income		42,643			42,027			39,895			36,912			32,790
Noninterest expense		27,650			26,431			27,674			25,709			24,612
Pre-provision net revenue	$	14,993		$	15,596		$	12,221		$	11,203		$	8,178

Operating pre-provision net revenue
Net interest income before provision for credit losses	$	30,377		$	29,869		$	29,203		$	25,865		$	22,699
Operating noninterest income		12,340			11,638			10,692			11,047			11,130
Total operating income		42,717			41,507			39,895			36,912			33,829
Operating noninterest expense		26,440			25,488			26,037			24,378			22,628
Operating pre-provision net revenue	$	16,277		$	16,019		$	13,858		$	12,534		$	11,201

(1)	Net noninterest expense is defined as noninterest expense less noninterest income.

Colony Bankcorp, Inc.

Selected Financial Information


	2026									2025
	Third			Second			First			Fourth			Third
(dollars in thousands, except per share data)	Quarter			Quarter			Quarter			Quarter			Quarter
EARNINGS SUMMARY
Net interest income	$	30,377		$	29,869		$	29,203		$	25,865		$	22,699
Provision for credit losses		1,650			1,900			1,750			1,650			900
Noninterest income		12,266			12,158			10,692			11,047			10,091
Noninterest expense		27,650			26,431			27,674			25,709			24,612
Income taxes		2,822			2,839			2,267			1,710			1,459
Net income	$	10,521		$	10,857		$	8,204		$	7,843		$	5,819

PER COMMON SHARE
Common shares outstanding		21,220,148			21,158,353			21,162,104			21,251,695			17,461,284
Weighted average basic shares		21,220,709			21,160,128			21,222,237			18,729,511			17,461,434
Weighted average diluted shares		21,220,709			21,160,128			21,222,237			18,729,511			17,461,434
Earnings per basic share	$	0.50		$	0.51		$	0.39		$	0.42		$	0.33
Earnings per diluted share		0.50			0.51			0.39			0.42			0.33
Operating earnings per diluted share^(b)		0.54			0.52			0.45			0.48			0.47
Cash dividends declared per share		0.1200			0.1200			0.1200			0.1150			0.1150
Common book value per share		18.46			18.43			17.98			17.69			17.31
Tangible book value per common share^(b)		15.16			15.12			14.65			14.31			14.20
Pre-provision net revenue^(b)		14,993			15,596			12,221			11,203			8,178

SELECTED PERFORMANCE RATIOS:
Return on average assets		1.14	%		1.18	%		0.90	%		0.93	%		0.75	%
Return on average total equity		10.66			11.33			8.77			9.49			7.80
Return on average tangible equity ^(b)		12.97			13.86			10.80			11.63			9.56
Efficiency ratio		64.84			62.89			69.37			69.65			75.06
Net noninterest expense to average assets		1.67			1.55			1.86			1.73			1.86
Total equity to total assets		10.74			10.75			10.22			10.06			9.59
Tangible equity to tangible assets^(b)		8.99			8.99			8.49			8.30			8.00
Net interest margin^(a)		3.59			3.52			3.48			3.32			3.17

OPERATING SELECTED PERFORMANCE RATIOS:
Operating return on average assets ^(b)		1.26	%		1.20	%		1.04	%		1.05	%		1.06	%
Operating return on average total equity ^(b)		11.71			11.51			10.13			10.78			11.03
Operating return on average tangible equity ^(b)		14.25			14.09			12.49			13.20			13.52
Operating efficiency ratio ^(b)		61.89			61.41			65.27			66.04			66.89
Operating net noninterest expense to average assets^(b)		1.53			1.51			1.68			1.58			1.48

Colony Bankcorp, Inc.

Selected Financial Information


	2026									2025
	Third			Second			First			Fourth			Third
(dollars in thousands, except per share data)	Quarter			Quarter			Quarter			Quarter			Quarter
ASSET QUALITY
Nonperforming portfolio loans	$	15,446		$	14,289		$	12,619		$	17,190		$	9,082
Nonperforming SBA government loans-guaranteed portion		3,891			3,261			2,012			4,772			4,076
Nonperforming SBA government loans-unguaranteed portion		1,586			1,362			2,968			1,418			1,110
Loans 90 days past due and still accruing		162			71			178			95			98
Total nonperforming loans (NPLs)		21,085			18,983			17,777			23,475			14,366
Other real estate owned		3,647			1,829			1,873			1,048			710
Repossessed assets		271			129			205			190			160
Total nonperforming assets (NPAs)		25,003			20,941			19,855			24,713			15,236
Classified loans		53,890			33,626			39,225			40,481			24,183
Criticized loans		103,924			86,680			86,740			84,721			60,505
Net loan charge-offs (recoveries)		1,706			1,781			1,709			1,600			1,827
Allowance for credit losses to total loans		0.91	%		0.89	%		0.90	%		0.97	%		0.89	%
Allowance for credit losses to total NPLs		106.69			116.07			122.10			98.04			125.89
Allowance for credit losses to total NPAs		89.97			105.22			109.32			93.13			118.71
Net charge-offs (recoveries) to average loans, net		0.27			0.29			0.29			0.30			0.36
NPLs to total loans		0.85			0.77			0.74			0.99			0.71
NPAs to total assets		0.69			0.58			0.53			0.66			0.48
NPAs to total loans and foreclosed assets		1.01			0.85			0.82			1.04			0.75

ACTUAL BALANCES
Total assets	$	3,647,919		$	3,627,583		$	3,720,613		$	3,735,401		$	3,152,746
Loans held for sale		28,143			24,218			16,536			78,990			19,286
Loans, net of unearned income		2,477,091			2,464,834			2,413,465			2,381,224			2,037,056
Deposits		2,957,680			2,972,176			3,048,419			3,067,521			2,584,329
Total stockholders’ equity		391,816			389,966			380,403			375,920			302,332

AVERAGE BALANCES
Total assets	$	3,646,547		$	3,685,038		$	3,698,663		$	3,357,785		$	3,092,411
Loans held for sale		22,119			20,802			21,863			59,868			17,062
Loans, net of unearned income		2,484,665			2,432,676			2,399,971			2,148,729			2,024,153
Deposits		2,985,328			3,031,260			3,025,462			2,752,576			2,526,739
Total stockholders’ equity		391,586			384,514			379,582			327,830			296,027

(a)	Computed using fully taxable-equivalent net interest income.

(b)	Non-GAAP measure - see “Explanation of Certain Unaudited Non-GAAP Financial Measures” for more information and reconciliation to GAAP.

Colony Bankcorp, Inc.

Average Balance Sheet and Net Interest Analysis


		Three Months Ended September 30,
		2026								2025
		Average			Income/			Yields/		Average			Income/			Yields/
(dollars in thousands)		Balances			Expense			Rates		Balances			Expense			Rates
Assets
Interest-earning assets:
Loans held for sale		$	22,119		$	419		7.52	%	$	17,062		$	256		5.96	%
Loans, net of unearned income ¹			2,484,665			40,122		6.41			2,024,153			31,364		6.15
Investment securities, taxable			624,328			4,286		2.72			641,774			4,132		2.55
Investment securities, tax-exempt ²			93,444			484		2.05			92,498			489		2.10
Deposits in banks and short term investments			153,081			1,303		3.38			88,703			839		3.75
Total interest-earning assets			3,377,637			46,614		5.48	%		2,864,190			37,080		5.14	%
Noninterest-earning assets			268,910								228,221
Total assets		$	3,646,547							$	3,092,411
Liabilities and stockholders’ equity
Interest-bearing liabilities:
Interest-bearing demand and savings		$	1,666,871			6,259		1.49	%	$	1,479,499			5,999		1.61	%
Other time			848,955			7,157		3.34			620,141			5,333		3.41
Total interest-bearing deposits			2,515,826			13,416		2.12			2,099,640			11,332		2.14
Federal Home Loan Bank advances			170,326			1,769		4.12			185,000			1,909		4.09
Other borrowings			63,190			899		5.64			64,834			952		5.83
Total other interest-bearing liabilities			233,516			2,668		4.53			249,834			2,861		4.54
Total interest-bearing liabilities			2,749,342			16,084		2.32	%		2,349,474			14,193		2.40	%
Noninterest-bearing liabilities:
Demand deposits			469,502								427,100
Other liabilities			36,117								19,810
Stockholders’ equity			391,586								296,027
Total noninterest-bearing liabilities and stockholders’ equity			897,205								742,937
Total liabilities and stockholders’ equity		$	3,646,547							$	3,092,411
Interest rate spread								3.15	%							2.74	%
Net interest income					$	30,530							$	22,887
Net interest margin								3.59	%							3.17	%

¹ The average balance of loans includes the average balance of nonaccrual loans. Income on such loans is recognized and recorded on a cash basis. Taxable-equivalent adjustments totaling $52,000 and $102,000 for the three months ended September 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in income and fees on loans. Accretion income of $1.1 million and $17,000 for the three months ended September 30, 2026 and 2025, respectively, are also included in income and fees on loans.

²Taxable-equivalent adjustments totaling $383,000 and $103,000 for the three months ended September 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in tax-exempt interest on investment securities.


		Nine Months Ended September 30,
		2026								2025
		Average			Income/			Yields/		Average			Income/			Yields/
(dollars in thousands)		Balances			Expense			Rates		Balances			Expense			Rates
Assets
Interest-earning assets:
Loans held for sale		$	21,596		$	1,240		7.68	%	$	20,914		$	910		5.81	%
Loans, net of unearned income ³			2,439,414			116,491		6.38			1,951,785			89,218		6.11
Investment securities, taxable			646,245			13,275		2.75			683,243			13,726		2.69
Investment securities, tax-exempt ⁴			93,986			1,460		2.08			93,313			1,475		2.11
Deposits in banks and short term investments			205,148			5,125		3.34			150,328			4,487		3.99
Total interest-earning assets			3,406,389			137,591		5.40	%		2,899,583			109,816		5.06	%
Noninterest-earning assets			270,170								226,827
Total assets		$	3,676,559							$	3,126,410
Liabilities and stockholders’ equity
Interest-bearing liabilities:
Interest-bearing demand and savings		$	1,700,995			18,376		1.44	%	$	1,519,282			18,777		1.65	%
Other time			835,394			21,091		3.38			612,521			15,960		3.48
Total interest-bearing deposits			2,536,389			39,467		2.08			2,131,803			34,737		2.18
Federal Home Loan Bank advances			178,810			5,537		4.14			185,000			5,671		4.10
Other borrowings			63,165			2,679		5.67			63,658			2,808		5.90
Total other interest-bearing liabilities			241,975			8,216		4.54			248,658			8,479		4.56
Total interest-bearing liabilities			2,778,364			47,683		2.29	%		2,380,461			43,216		2.43	%
Noninterest-bearing liabilities:
Demand deposits			477,482								441,259
Other liabilities			35,442								17,325
Stockholders’ equity			385,271								287,365
Total noninterest-bearing liabilities and stockholders’ equity			898,195								745,949
Total liabilities and stockholders’ equity		$	3,676,559							$	3,126,410
Interest rate spread								3.11	%							2.63	%
Net interest income					$	89,908							$	66,600
Net interest margin								3.53	%							3.07	%

³ The average balance of loans includes the average balance of nonaccrual loans. Income on such loans is recognized and recorded on a cash basis. Taxable-equivalent adjustments totaling $576,000 and $170,000 for the nine months ended September 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in income and fees on loans. Accretion income of $3.5 million and $36,000 for the nine months ended September 30, 2026 and 2025, respectively, are also included in income and fees on loans.

⁴Taxable-equivalent adjustments totaling $1.2 million and $207,000 for the nine months ended September 30, 2026 and 2025, respectively, are calculated using the statutory federal tax rate and are included in tax-exempt interest on investment securities.

Colony Bankcorp, Inc.

Segment Reporting


	2026							2025
	Third		Second		First			Fourth			Third
(dollars in thousands)	Quarter		Quarter		Quarter			Quarter			Quarter
Banking Division
Net interest income	$	29,182	$	28,435	$	28,223		$	24,781		$	21,629
Provision for credit losses		1,003		801		780			776			(371)
Noninterest income		8,336		8,777		7,131			6,996			6,144
Noninterest expenses		23,602		23,335		24,420			22,502			21,075
Income taxes		2,721		2,703		2,194			1,493			1,413
Net income	$	10,192	$	10,373	$	7,960		$	7,006		$	5,656

Total assets	$	3,535,910	$	3,521,331	$	3,619,249		$	3,625,785		$	3,046,699

Full time employees		438		441		426			447			383

Mortgage Banking Division
Net interest income	$	59	$	78	$	38		$	65		$	62
Provision for credit losses		—		—		—			—			—
Noninterest income		2,063		2,182		1,886			2,012			1,851
Noninterest expenses		2,196		1,828		1,702			1,695			2,066
Income taxes		(16)		95		52			81			(27)
Net income (loss)	$	(58)	$	337	$	170		$	301		$	(126)

Total assets	$	11,777	$	15,077	$	12,036		$	13,648		$	12,959

Variable noninterest expense⁽¹⁾	$	1,000	$	659	$	597		$	984		$	1,229
Fixed noninterest expense	$	1,196	$	1,169	$	1,105		$	711		$	837

Full time employees		53		53		48			48			46

Small Business Specialty Lending Division
Net interest income	$	1,136	$	1,356	$	942		$	1,019		$	1,008
Provision for credit losses		647		1,099		970			874			1,271
Noninterest income		1,867		1,199		1,675			2,039			2,096
Noninterest expenses		1,852		1,268		1,552			1,512			1,471
Income taxes		117		41		21			136			73
Net income	$	387	$	147	$	74		$	536		$	289

Total assets	$	100,232	$	91,175	$	89,328		$	95,968		$	93,088

Full time employees		34		34		32			31			31

Total Consolidated
Net interest income	$	30,377	$	29,869	$	29,203		$	25,865		$	22,699
Provision for credit losses		1,650		1,900		1,750			1,650			900
Noninterest income		12,266		12,158		10,692			11,047			10,091
Noninterest expenses		27,650		26,431		27,674			25,709			24,612
Income taxes		2,822		2,839		2,267			1,710			1,459
Net income	$	10,521	$	10,857	$	8,204		$	7,843		$	5,819

Total assets	$	3,647,919	$	3,627,583	$	3,720,613		$	3,735,401		$	3,152,746

Full time employees		525		528		506			526			460

(1)	Variable noninterest expense includes commission based salary expenses and volume based loan related fees.

Colony Bankcorp, Inc.

Consolidated Balance Sheets


		September 30, 2026			December 31, 2025
(dollars in thousands)		(unaudited)			(audited)
ASSETS
Cash and due from banks		$	27,938		$	27,307
Interest-bearing deposits in banks and federal funds sold			161,370			230,333
Cash and cash equivalents			189,308			257,640
Investment securities available for sale, at fair value			341,342			383,817
Investment securities held to maturity, at amortized cost			361,870			386,618
Other investments			18,878			19,176
Loans held for sale			28,143			78,990
Loans, net of unearned income			2,477,091			2,381,224
Allowance for credit losses			(22,495)			(23,014)
Loans, net			2,454,596			2,358,210
Premises and equipment			38,567			37,045
Other real estate owned			3,647			1,048
Goodwill			63,622			63,873
Other intangible assets			6,586			7,851
Bank owned life insurance			69,181			68,457
Deferred income taxes, net			19,820			19,582
Other assets			52,359			53,094
Total assets		$	3,647,919		$	3,735,401

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits:
Noninterest-bearing		$	457,225		$	526,803
Interest-bearing			2,500,455			2,540,718
Total deposits			2,957,680			3,067,521
Federal Home Loan Bank advances			199,997			194,972
Other borrowed money			63,203			63,132
Accrued expenses and other liabilities			35,222			33,856
Total liabilities			3,256,103			3,359,481

Stockholders’ equity
Common stock, $1 par value; 50,000,000 shares authorized, 21,220,148 and 21,251,695 issued and outstanding, respectively			21,220			21,252
Paid in capital			227,196			228,577
Retained earnings			182,535			160,584
Accumulated other comprehensive loss, net of tax			(39,135)			(34,493)
Total stockholders’ equity			391,816			375,920
Total liabilities and stockholders’ equity		$	3,647,919		$	3,735,401

Colony Bankcorp, Inc.

Consolidated Statements of Income (unaudited)


		Three months ended September 30,						Nine months ended September 30,
		2026			2025			2026			2025
(dollars in thousands, except per share data)
Interest income:
Loans, including fees		$	40,489		$	31,535		$	117,578		$	89,872
Investment securities			4,669			4,518			14,428			14,893
Deposits in banks and short term investments			1,303			839			5,125			4,487
Total interest income			46,461			36,892			137,131			109,252

Interest expense:
Deposits			13,416			11,332			39,467			34,737
Federal Home Loan Bank advances			1,769			1,909			5,537			5,671
Other borrowings			899			952			2,679			2,808
Total interest expense			16,084			14,193			47,683			43,216
Net interest income			30,377			22,699			89,448			66,036
Provision for credit losses			1,650			900			5,300			2,850
Net interest income after provision for credit losses			28,727			21,799			84,148			63,186

Noninterest income:
Service charges on deposits			2,756			2,640			7,878			7,031
Mortgage fee income			2,041			1,851			6,117			5,414
Gain on sales of SBA loans			1,133			1,411			2,601			3,996
Other SBA income			734			686			2,140			1,937
Loss on sales of securities			(887)			(1,039)			(1,073)			(1,039)
Interchange fees			2,529			2,273			7,115			6,284
BOLI income			488			396			2,182			1,215
Insurance commissions			866			874			2,632			2,109
Other			2,606			999			5,525			2,286
Total noninterest income			12,266			10,091			35,117			29,233

Noninterest expense:
Salaries and employee benefits			15,883			13,532			47,345			38,302
Occupancy and equipment			2,099			1,732			6,166			4,995
Acquisition related			1,210			732			3,790			732
Information technology expenses			2,783			2,680			8,458			7,749
Professional fees			869			998			2,928			2,488
Advertising and public relations			1,026			1,130			3,115			2,877
Communications			232			218			692			611
Other			3,548			3,590			9,262			9,083
Total noninterest expense			27,650			24,612			81,756			66,837
Income before income taxes			13,343			7,278			37,509			25,582
Income taxes			2,822			1,459			7,927			5,172
Net income		$	10,521		$	5,819		$	29,582		$	20,410
Earnings per common share:
Basic		$	0.50		$	0.33		$	1.40		$	1.17
Diluted			0.50			0.33			1.40			1.17
Dividends declared per share			0.1200			0.1150			0.3600			0.3450
Weighted average common shares outstanding:
Basic			21,220,709			17,461,434			21,201,019			17,472,972
Diluted			21,220,709			17,461,434			21,201,019			17,472,972

Colony Bankcorp, Inc.

Quarterly Consolidated Statements of Income


	2026							2025
	Third		Second		First			Fourth			Third
	Quarter		Quarter		Quarter			Quarter			Quarter
(dollars in thousands, except per share data)	(unaudited)		(unaudited)		(unaudited)			(unaudited)			(unaudited)
Interest income:
Loans, including fees	$	40,489	$	39,114	$	37,974		$	34,461		$	31,535
Investment securities		4,669		4,837		4,923			4,543			4,518
Deposits in banks and short term investments		1,303		1,830		1,993			1,696			839
Total interest income		46,461		45,781		44,890			40,700			36,892

Interest expense:
Deposits		13,416		13,237		12,814			11,973			11,332
Federal Home Loan Bank advances		1,769		1,784		1,985			1,947			1,909
Other borrowings		899		891		888			915			952
Total interest expense		16,084		15,912		15,687			14,835			14,193
Net interest income		30,377		29,869		29,203			25,865			22,699
Provision for credit losses		1,650		1,900		1,750			1,650			900
Net interest income after provision for credit losses		28,727		27,969		27,453			24,215			21,799

Noninterest income:
Service charges on deposits		2,756		2,561		2,561			2,664			2,640
Mortgage fee income		2,041		2,141		1,935			2,121			1,851
Gain on sales of SBA loans		1,133		506		962			1,376			1,411
Other SBA income		734		692		714			663			686
Loss on sales of securities		(887)		(186)		—			—			(1,039)
Interchange fees		2,529		2,400		2,186			2,154			2,273
BOLI income		488		1,217		477			577			396
Insurance commissions		866		922		844			755			874
Other		2,606		1,905		1,013			737			999
Total noninterest income		12,266		12,158		10,692			11,047			10,091

Noninterest expense:
Salaries and employee benefits		15,883		15,539		15,923			14,115			13,532
Occupancy and equipment		2,099		2,109		1,957			1,758			1,732
Acquisition related		1,210		943		1,637			1,331			732
Information technology expenses		2,783		2,902		2,774			2,903			2,680
Professional fees		869		939		1,120			1,019			998
Advertising and public relations		1,026		982		1,106			1,402			1,130
Communications		232		235		224			194			218
Other		3,548		2,782		2,933			2,987			3,590
Total noninterest expense		27,650		26,431		27,674			25,709			24,612
Income before income taxes		13,343		13,696		10,471			9,553			7,278
Income taxes		2,822		2,839		2,267			1,710			1,459
Net income	$	10,521	$	10,857	$	8,204		$	7,843		$	5,819
Earnings per common share:
Basic	$	0.50	$	0.51	$	0.39		$	0.42		$	0.33
Diluted		0.50		0.51		0.39			0.42			0.33
Dividends declared per share		0.1200		0.1200		0.1200			0.1150			0.1150
Weighted average common shares outstanding:
Basic		21,220,709		21,160,128		21,222,237			18,729,511			17,461,434
Diluted		21,220,709		21,160,128		21,222,237			18,729,511			17,461,434

Colony Bankcorp, Inc.

Quarterly Deposits Composition Comparison


	2026							2025
	Third		Second		First			Fourth			Third
(dollars in thousands)	Quarter		Quarter		Quarter			Quarter			Quarter
Noninterest-bearing demand	$	457,225	$	464,062	$	495,234		$	526,803		$	442,142
Interest-bearing demand		856,397		900,546		927,768			932,262			811,031
Savings and money markets		794,984		779,890		806,434			787,811			644,312
Time over $250,000		279,925		264,968		237,311			239,175			192,545
Other time		569,149		562,710		581,672			581,470			494,299
Total	$	2,957,680	$	2,972,176	$	3,048,419		$	3,067,521		$	2,584,329

Colony Bankcorp, Inc.

Quarterly Deposits by Location Comparison


	2026							2025
	Third		Second		First			Fourth			Third
(dollars in thousands)	Quarter		Quarter		Quarter			Quarter			Quarter
Augusta	$	35,767	$	29,688	$	22,496		$	18,387		$	—
Florida		184,267		171,594		167,406			157,056			—
Coastal Georgia		139,218		136,189		129,957			141,013			127,587
Middle Georgia		259,583		257,035		266,574			262,075			259,934
Atlanta and North Georgia		303,830		305,149		311,159			335,762			315,822
South Georgia		1,329,474		1,382,532		1,421,164			1,431,775			1,205,891
West Georgia		320,591		311,776		328,077			326,054			341,056
Brokered deposits		132,918		123,512		136,894			131,906			130,000
Reciprocal deposits		252,032		254,701		264,692			263,493			204,039
Total	$	2,957,680	$	2,972,176	$	3,048,419		$	3,067,521		$	2,584,329

Colony Bankcorp, Inc.

Quarterly Loan Comparison


	2026						2025
	Third		Second		First		Fourth		Third
(dollars in thousands)	Quarter		Quarter		Quarter		Quarter		Quarter
Core	$	2,048,239	$	2,011,354	$	1,940,583	$	1,885,200	$	1,935,648
Purchased		428,852		453,480		472,882		496,024		101,408
Loans, net of unearned income	$	2,477,091	$	2,464,834	$	2,413,465	$	2,381,224	$	2,037,056

Colony Bankcorp, Inc.

Quarterly Loans by Composition Comparison


	2026							2025
	Third		Second		First			Fourth			Third
(dollars in thousands)	Quarter		Quarter		Quarter			Quarter			Quarter
Construction, land & land development	$	295,329	$	285,508	$	309,161		$	302,512		$	240,819
Other commercial real estate		1,257,851		1,272,574		1,240,210			1,249,720			1,064,984
Total commercial real estate		1,553,180		1,558,082		1,549,371			1,552,232			1,305,803
Residential real estate		508,483		499,015		483,247			459,549			377,058
Commercial, financial & agricultural		225,751		230,364		220,933			218,532			213,274
Consumer and other		189,677		177,373		159,914			150,911			140,921
Loans, net of unearned income	$	2,477,091	$	2,464,834	$	2,413,465		$	2,381,224		$	2,037,056

Colony Bankcorp, Inc.

Quarterly Loans by Location Comparison


	2026							2025
	Third		Second		First			Fourth			Third
(dollars in thousands)	Quarter		Quarter		Quarter			Quarter			Quarter
Alabama	$	43,886	$	49,410	$	49,546		$	47,971		$	48,351
Florida		239,088		243,326		238,262			236,810			26,061
Augusta		89,489		85,593		84,548			85,072			92,988
Coastal Georgia		353,139		354,035		355,350			358,271			263,763
Middle Georgia		112,767		113,706		115,385			121,276			120,601
Atlanta and North Georgia		425,377		445,409		455,197			456,593			463,007
South Georgia		538,751		523,424		512,651			462,085			403,192
West Georgia		199,663		202,800		186,661			174,626			172,688
Small Business Specialty Lending		82,090		80,864		83,288			84,928			84,999
Consumer Portfolio Mortgages		275,439		258,769		236,984			263,385			270,941
Marine/RV Lending		116,784		106,823		94,775			88,852			88,968
Other		618		675		818			1,355			1,497
Loans, net of unearned income	$	2,477,091	$	2,464,834	$	2,413,465		$	2,381,224		$	2,037,056

Colony Bankcorp, Inc.

Classified Loans


	2026												2025
	Third				Second				First				Fourth				Third
(dollars in thousands)	Quarter				Quarter				Quarter				Quarter				Quarter
	$			#	$			#	$			#	$			#	$			#
Construction, land & land development	$	16,190		11	$	381		12	$	214		8	$	1,438		10	$	1,644		8
Other commercial real estate		27,645		55		19,868		45		23,966		52		22,871		52		12,973		45
Residential real estate		4,017		88		5,870		91		6,160		95		6,115		92		1,503		75
Commercial, financial & agricultural		5,754		80		7,166		90		8,655		107		9,857		109		7,947		90
Consumer and other		284		42		341		40		230		32		200		34		116		27
TOTAL	$	53,890		276	$	33,626		278	$	39,225		294	$	40,481		297	$	24,183		245
Classified loans to total loans		2.18	%			1.36	%			1.63	%			1.70	%			1.19	%

Colony Bankcorp, Inc.

Criticized Loans


	2026												2025
	Third				Second				First				Fourth				Third
(dollars in thousands)	Quarter				Quarter				Quarter				Quarter				Quarter
	$			#	$			#	$			#	$			#	$			#
Construction, land & land development	$	22,393		35	$	6,352		36	$	6,574		34	$	17,605		13	$	14,393		12
Other commercial real estate		64,235		73		58,023		71		54,522		69		40,073		71		24,934		60
Residential real estate		8,479		92		10,525		96		12,522		103		11,515		99		6,528		81
Commercial, financial & agricultural		8,533		109		11,439		97		12,892		114		15,197		120		14,403		99
Consumer and other		284		42		341		40		230		32		331		35		247		28
TOTAL	$	103,924		351	$	86,680		340	$	86,740		352	$	84,721		338	$	60,505		280
Criticized loans to total loans		4.20	%			3.52	%			3.59	%			3.56	%			2.97	%

Colony Bankcorp, Inc.

Quarterly Net Charge Offs to Average Loans by Composition


	2026									2025
	Third			Second			First			Fourth			Third
	Quarter			Quarter			Quarter			Quarter			Quarter
Construction, land & land development		-	%		(0.01)	%		-	%		-	%		-	%
Other commercial real estate		0.02			0.08			0.08			(0.04)			0.05
Residential real estate		-			-			0.01			(0.01)			(0.01)
Commercial, financial & agricultural		0.18			0.10			0.12			0.22			0.24
Consumer and other		0.07			0.12			0.08			0.13			0.08
Loans, net of unearned income		0.27	%		0.29	%		0.29	%		0.30	%		0.36	%

Exhibit 99.2

INVESTOR PRESENTATION Third Quarter 2026

2 This presentation contains “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, certain statements may be contained in Colony Bankcorp, Inc.’s (the “Company” or “Colony”) future filings with the Securities and Exchange Commission (the “SEC”), in press releases, and in oral and written statements made by or with the approval of the Company that are not statements of historical fact and constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, but are not limited to: (i) projections and/or expectations of revenues, income or loss, earnings or loss per share, the payment or nonpayment of dividends, capital structure and other financial items; (ii) statement of plans and objectives of Colony Bankcorp, Inc. or its management or Board of Directors, including those relating to products or services; (iii) statements of future economic performance; (iv) statements regarding growth strategy, capital management, liquidity and funding, and future profitability; (v) statements relating to the timing, benefits, costs, and synergies of the recently announced acquisition of First Reliance Bancshares, Inc. (“First Reliance”) (the “Merger”); (vi) statements concerning the sale-leaseback transactions and investment securities portfolio repositioning, including their timing, expected proceeds, estimated gains and losses, accounting and tax treatment, intended use of proceeds, continued branch operations, and anticipated effects on earnings, liquidity, capital and tangible book value, and (vii) statements of assumptions underlying such statements. Words such as “may”, “will”, “anticipate”, “assume”, “should”, “support”, “indicate”, “would”, “believe”, “contemplate”, “expect”, “estimate”, “continue”, “further”, “plan”, “point to”, “project”, “could”, “intend”, “target” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties. Factors that might cause such differences include, but are not limited to: the impact of current and future economic conditions, particularly those affecting the financial services industry, including the effects of declines in the real estate market, tariffs or trade wars (including the resulting reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), high unemployment rates, inflationary pressures, changes in interest rates (including the impact of volatile interest rates on our financial projections and models) and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing; the risk of reductions in benchmark interest rates and the resulting impacts on net interest income; potential impacts of adverse developments in the banking industry highlighted by high-profile bank failures, including impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto; risks arising from negative media coverage and perceived instability in the banking industry and the banking sector; the risks of changes in interest rates and their effects on the level, cost, and composition of, and competition for, deposits, loan demand and timing of payments, the values of loan collateral, securities, and interest sensitive assets and liabilities; the ability to attract new or retain existing deposits, to retain or grow loans or additional interest and fee income, or to control noninterest expense; the effect of pricing pressures on the Company’s net interest margin; the failure of assumptions underlying the establishment of reserves for possible credit losses, fair value for loans and other real estate owned; changes in real estate values; the Company’s ability to implement its various strategic and growth initiatives; increased competition in the financial services industry, particularly from regional and national institutions, as well as fintech companies and other non-bank financial service providers offering digital, automated or alternative financial products and services; economic conditions, either nationally or locally, in areas in which the Company conducts operations being less favorable than expected; changes in the prices, values and sales volumes of residential and commercial real estate; developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; legislation or regulatory changes which adversely affect the ability of the consolidated Company to conduct business combinations or new operations; adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions, including as a result of the Company’s participation in and execution of government programs, those related to credit card interest rates, and legislative, regulatory or supervisory actions related to so-called "de-banking," including any new prohibitions, requirements or enforcement priorities that could affect customer relationships, compliance obligations, or operational practices; significant turbulence or a disruption in the capital or financial markets and the effect of a fall in the stock market prices on our investment securities; significant volatility in the markets for equity, fixed income and other asset classes globally or within specific markets; the effects of CAUTIONARY STATEMENTS

3 CAUTIONARY STATEMENTS war or other conflicts, including the ongoing conflicts in the Middle East; major political shifts domestically or internationally (including the potential for retaliatory actions by governments, market participants or clients based on diverging perspectives or otherwise); general risks related to the Company's merger and acquisition activity, Including risks associated with integrating and realizing the expected financial benefits of previous or pending acquisitions, and the Company’s pursuit of future acquisitions; risks associated with the pending Merger, including (a) the risk that the cost savings and any revenue synergies may not be realized or take longer than anticipated to be realized, (b) disruption to relationships with customers, suppliers, employees or other business partners relationships, (c) the risk that First Reliance’s business may not be successfully integrated into the Company, (d) the reaction of each of the Company's and First Reliance’s customers, suppliers, employees or other business partners to the Merger, (e) the risk that the integration of First Reliance’s operations into the operations of the Company will be materially delayed or will be more costly or difficult than expected, (f) the timing and achievement of expected cost reductions following the Merger, and (g) the timing and achievement of the recovery of the reduction of tangible book value resulting from the Merger; general competitive, economic, political, and market conditions; the impact of emerging technologies, such as generative artificial intelligence; fraud or misconduct by internal or external actors, and system failures, cybersecurity threats or security breaches and the cost of defending against them; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding debt ceiling and the federal budget; and general competitive, economic, political and market conditions or other unexpected factors or events. These and other factors, risks and uncertainties could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict. Forward-looking statements speak only as of the date on which such statements are made. These forward-looking statements are based upon information presently known to the Company’s management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in the Company’s filings with the Securities and Exchange Commission, the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, under the captions “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors,” and in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements.

4 NON-GAAP FINANCIAL MEASURES The measures entitled operating noninterest income, operating noninterest expense, operating net income, operating earnings per diluted share, operating return on average assets, operating return on average equity, return on average tangible equity, operating return on average tangible equity, tangible book value per common share, tangible equity to tangible assets, operating efficiency ratio, operating net noninterest expense to average assets, pre-provision net revenue, operating pre-provision net revenue, fully tax-equivalent interest income and net interest income, and the related fully tax-equivalent yields, interest rate spread and net interest margin are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. Operating noninterest income and operating noninterest expense are compared with GAAP noninterest income and noninterest expense, respectively. Operating net income and operating earnings per diluted share are compared with GAAP net income and diluted earnings per share, respectively. Operating return on average assets and operating return on average equity are compared with the corresponding returns calculated using GAAP amounts. Return on average tangible equity and operating return on average tangible equity are compared with return on average equity calculated using GAAP amounts. Tangible book value per common share and tangible equity to tangible assets are compared with book value per common share and total equity to total assets, respectively. Operating efficiency ratio and operating net noninterest expense to average assets are compared with the corresponding unadjusted ratios calculated using GAAP amounts. Pre-provision net revenue and operating pre-provision net revenue are compared with GAAP net income, with income taxes and the provision for credit losses separately added back. Fully tax-equivalent measures are compared with the corresponding income measures or ratios calculated without the tax-equivalent adjustment. Operating noninterest income excludes loss on sales of securities, the tax-free gain related to the BOLI claim, and the insurance gain related to the branch building fire. Operating noninterest expense excludes acquisition-related expenses and loss related to wire fraud incident. Operating net income reflects the exclusion of acquisition-related expenses, loss on sales of securities, the tax-free gain related to the BOLI claim, the insurance gain related to the branch building fire and loss related to the wire fraud incident, together with the related tax effects. Operating returns use operating net income and the applicable average asset or equity denominator. Operating efficiency ratio is operating noninterest expense divided by the sum of net interest income and operating noninterest income. Operating net noninterest expense to average assets is calculated using operating noninterest expense less operating noninterest income, divided by average assets and annualized. Acquisition-related expenses include fees associated with acquisitions and vendor contract buyouts. Acquisition-related expenses were incurred in each period presented; their exclusion does not mean that such expenses are nonrecurring. Operating earnings per diluted share includes the adjustments to operating net income. Tangible book value per common share deducts goodwill and other intangible assets from common equity before dividing by period-end common shares. Tangible equity to tangible assets deducts goodwill and other intangible assets from both total equity and total assets. Return on average tangible equity and operating return on average tangible equity deduct average goodwill and other intangible assets from average equity. Pre-provision net revenue is calculated by adding noninterest income to net interest income before provision for credit losses, and subtracting noninterest expense. Operating pre-provision net revenue is calculated by adding operating noninterest income to net interest income before provision for credit losses, and subtracting operating noninterest expense. Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes these presentations provide useful supplemental information. Operating income, expense, earnings and return measures help management and investors assess period-to-period results separately from the specifically identified adjustments. Tangible book value and tangible equity measures show equity after deducting goodwill and other intangible assets. Tangible return measures assess returns relative to the resulting tangible equity base. Pre-provision net revenue shows earnings before income taxes and the provision for credit losses; operating pre-provision net revenue also reflects the specified operating adjustments. Operating efficiency and net noninterest expense ratios show the relationship of adjusted expenses to adjusted revenues or average assets. Fully tax-equivalent measures facilitate comparison of taxable and tax-exempt earning assets. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently. Excluded expenses may recur, and pre-provision net revenue and operating pre-provision net revenue do not reflect credit costs or income taxes. These disclosures should not be considered an alternative to GAAP. The computations of operating noninterest income, operating noninterest expense, operating net income, operating earnings per diluted share, operating return on average assets, operating return on average equity, return on average tangible equity, operating return on average tangible equity, tangible book value per common share, tangible equity to tangible assets, operating efficiency ratio, operating net noninterest expense to average assets, pre-provision net revenue, operating pre-provision net revenue, fully tax-equivalent interest income and net interest income, and the related fully tax-equivalent yields, interest rate spread and net interest margin, and the reconciliation of these measures to their respective comparable GAAP measures or ratios calculated using GAAP amounts, as described above, are set forth in the tables below.

5 • $3.6 billion in assets as of September 30, 2026 • More than 40 locations throughout Georgia and northern Florida • Diversified and scalable revenue streams • Proven history of consistent organic growth • Strong core deposit funding COMPANY PROFILE

8 Name Position Years In Banking Years With Colony T. Heath Fountain Chief Executive Officer 26 8 R. Dallis "D" Copeland, Jr. President 34 5 Derek Shelnutt EVP, Chief Financial Officer 12 6 Edward "Lee" Bagwell EVP, Chief Risk Officer and General Counsel 23 23 Leonard H. "Lenny" Bateman EVP, Chief Credit Officer 30 19* Ed Canup EVP, Chief Banking Officer 43 3 Kimberly Dockery EVP, Chief of Staff 20 8 Daniel Rentz EVP, Chief Information Officer 19 19 Laurie Senn EVP, Chief Administrative Officer 24 6 Greg Eiford EVP, Chief Community Banking Officer 18 18* *Executives joining Colony through mergers include prior organization service EXECUTIVE LEADERSHIP TEAM

9 THIRD QUARTER FINANCIAL HIGHLIGHTS • Operating net income(1) of $11.6 million • Eighth consecutive quarter of net interest margin expansion to 3.59% • Operating return on average assets(1) of 1.26% • Operating earnings per share(1) of $0.54 • Operating return on average equity(1) of 11.71% and operating return on average tangible equity(1) of 14.25% • Loans increased $12.3 million • 1.78% cost of deposits • Operating net noninterest expenses to average assets(1) of 1.53% • Tangible book value per common share(1) of $15.16 Reported Operating(1) Net Income ($mm) $10.52 $11.56 Earnings Per Share $0.50 $0.54 Return on Average Assets 1.14% 1.26% Return on Average Total Equity 10.66% 11.71% Return on Average Tangible Equity 12.97% 14.25% Net Interest Margin 3.59% 3.59% (1) Non-GAAP financial measure. See non-GAAP reconciliations within this presentation.

10 QUARTERLY FINANCIAL HIGHLIGHTS (1) Non-GAAP financial measure. See non-GAAP reconciliations within this presentation. $ in thousands, except per share data 3Q26 2Q26 3Q25 GAAP Highlights Net Income $10,521 $10,857 $5,819 Earnings per share $0.50 $0.51 $0.33 Return on average assets 1.14% 1.18% 0.75% Net interest margin 3.59% 3.52% 3.17% Book value per common share $18.46 $18.43 $17.31 Operating Highlights(1) Operating net income $11,559 $11,036 $8,230 Operating earnings per share $0.54 $0.52 $0.47 Pre-Provision Net Revenue $14,993 $15,596 $8,178 Operating Pre-Provision Net Revenue $16,277 $16,019 $11,201 Operating return on average assets 1.26% 1.20% 1.06% Operating net noninterest expense to average assets 1.53% 1.51% 1.48% Tangible book value per common share $15.16 $15.12 $14.20 • Increase in earnings led by another consecutive quarter of net interest margin expansion • Consistent increase in Operating Pre-Provision Net Revenue(1) • Continued growth in tangible book value per common share(1) • Creating operating efficiency by improving net noninterest expense to average assets

11 DELIVERING SHAREHOLDER VALUE (1) Non-GAAP financial measure. See non-GAAP reconciliations within this presentation. $0.47 $0.48 $0.45 $0.52 $0.54 3Q25 4Q25 1Q26 2Q26 3Q26 Operating Earnings Per Share(1) $8.2 $8.9 $9.5 $11.0 $11.6 3Q25 4Q25 1Q26 2Q26 3Q26 Operating Net Income in millions(1) 1.06% 1.05% 1.04% 1.20% 1.26% 3Q25 4Q25 1Q26 2Q26 3Q26 Operating Return on Average Assets(1) 3.17% 3.32% 3.48% 3.52% 3.59% 3Q25 4Q25 1Q26 2Q26 3Q26 Net Interest Margin 8.00% 8.30% 8.49% 8.99% 8.99% 3Q25 4Q25 1Q26 2Q26 3Q26 Tangible Equity to Tangible Assets(1)

12 OBJECTIVES AND FOCUS • Achieve performance objectives in complementary lines of business • Maintain noninterest expense discipline to align with growth expectations • Achieve return on assets target of >1.35% • Successfully complete the First Reliance merger • Focus on growing core deposits and customer relationships • Growing wallet share and revenue per customer using data advancements Short-Term Objectives Long-Term Objectives • 5 complementary lines of business > $1 million in net income • Improve efficiency through economies of scale • Return on assets in top quartile of peers • Continue to benefit from industry consolidation • Grow our customer base by 8 - 12% per year

13 ORGANIC GROWTH • Presence in dynamic growth markets of Atlanta, Augusta, Jacksonville, Tallahassee, the Florida Panhandle, and Savannah provides opportunity for above average growth • Second-tier MSA markets of Albany, Columbus, Macon, Valdosta, and Tifton have significant market share held by large regional and national banks, creating the opportunity for growth in market share • First Reliance merger will add highly attractive markets for organic growth in South Carolina • Smaller markets where Colony has stable deposits and significant market shares creates the opportunity to grow insurance, wealth management and other complementary lines of business • Industry consolidation is creating favorable opportunities for us to leverage our scale, strengthen market position, and drive disciplined growth • Proactive calling effort by bankers, including executive and senior management, to develop new business and deepen relationships • Long term organic growth target of 8 - 12%

14 M&A STRATEGY • Colony seeks to benefit from industry consolidation and become the acquirer of choice in Georgia and contiguous states • 350 banks under $1 billion • 79 banks between $1 billion and $3 billion • Proactive outreach effort to generate opportunities • Management team with deep M&A experience

15 FIRST RELIANCE MERGER • Entry into bordering state of South Carolina with significant presence in the major cities of Greenville, Charleston, Columbia, Myrtle Beach and Florence • Enables cross-sell of noninterest income products, such as insurance, wealth, merchant services and credit cards, into First Reliance’s existing customer base and across new markets • S-4 filed and declared effective on August 27th • Regulatory approvals received on September 17th • Shareholder approvals received on October 14th • Anticipated legal closing on November 1st

16 FIRST RELIANCE MERGER - FINANCIAL HIGHLIGHTS • First Reliance Bancshares, Inc. to merge with and into Colony Bankcorp, Inc. • Pro Forma Assets of approximately $5 billion • Implied Aggregate Transaction Value at Announcement: $163 million • Price/Tangible Book Value per Share: 162% • Estimated tangible book value dilution of approximately 12% and a manageable earnback of less than 3.5 years • ~20% earnings accretion with fully realized cost savings (1) • Consideration Mix: 80% stock l 20% cash • Cost savings of approximately 35% of First Reliance Bancshares’ projected 2028 noninterest expense of $37.6 million, phased in 60% in 2027 and 100% thereafter (1) Pro forma impact is presented for illustrative purposes only and is subject to change based on final purchase accounting entries

17 SALE-LEASEBACK AND INVESTMENT RESTRUCTURING • On October 27, 2026, Colony Bank entered into a Purchase and Sales Agreement to sell three retail bank branch properties and concurrently entered into a master lease agreement to lease back the properties in a sale-leaseback transaction • Aggregate gross purchase price for all three properties of approximately $19.9 million and first-year base rent of $1.65 million, with 2% annual escalations • Expected GAAP expense increase of approximately $1.8 million annually, net of current depreciation expense • 15-year triple-net lease with an optional renewal of an additional 15-year term, representing a long-term commitment to those markets • Colony will not close any branches or exit any markets as part of the transaction

18 SALE-LEASEBACK AND INVESTMENT RESTRUCTURING • Expected aggregate pre-tax gain on the transaction of approximately $15 million • The gain generated as part of the sale-leaseback transaction is intended to be offset by realized losses expected from the sale of underperforming available-for-sale (AFS) securities in the investment portfolio • Prioritizing redeployment of proceeds based on liquidity needs for future growth, balance sheet flexibility, and improving interest rate risk • Proposed sale of AFS securities totaling approximately $100 million currently yielding approximately 2.00% • Weighted-average reinvest assumption of 5.5% in a combination of loans and interest-bearing cash, with opportunistic allocations in short-to-medium duration investment securities • Regulatory capital neutral and accretive to Tangible Book Value • Expected to be accretive to recurring earnings, net of increased lease expense

19 EFFICIENCY AND SCALING • Focused on process improvement and ensuring it is easy to do business with Colony Bank • Utilization of Robotic Process Automation ("RPA") and other innovative technology to improve the customer experience • Leveraging AI to streamline workflows, reduce manual processes, and scale operations efficiently • Implementation of cross functional teams to reduce friction and improve the customer experience • Building operational capacity in order to maintain efficiency through organic growth and M&A

20 INNOVATION AND DATA STRATEGY • Investing in Innovation: Participating in fintech funds that connect us with leading technology partners and emerging solutions shaping the future of banking • Expanding Through Fintech Partnerships: Partnering with innovative fintechs to deliver modern products and services that allow us to compete with regional and national banks • Building a Data-Driven Foundation: Implementing a data warehouse to unify information across the organization and deliver smarter, faster decisions • Turning Insights into Growth: Leveraging data and advanced analytics to deepen relationships and drive targeted market disruption campaigns • Enhancing the Customer Experience: Using technology to deliver greater convenience while maintaining the personal touch that defines us

21 COMPLEMENTARY LINES OF BUSINESS 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 (Dollars in thousands) Pre-tax Profit/Loss Pre-tax Profit/Loss Pre-tax Profit/Loss Pre-tax Profit/Loss Pre-tax Profit/Loss Mortgage $ (153) $ 382 $ 222 $ 432 $ (74) SBSL 362 672 95 188 504 Marine/RV Lending 448 538 459 511 281 Merchant Services 99 116 120 134 128 Colony Financial Advisors 80 66 103 469 347 Colony Insurance 94 (31) 104 117 88 TOTAL $ 930 $ 1,743 $ 1,103 $ 1,851 $ 1,274

22 SMALL BUSINESS SPECIALTY LENDING GROUP (Dollars in millions) Production and Sales Volume Loan Portfolio Breakdown - $82.1 million $28.4 $29.1 $13.1 $13.0 $29.9 $18.2 $16.8 $10.4 $5.5 $12.7 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Production Sales

23 MORTGAGE DIVISION (Dollars in millions) • Stable production and sales volumes relative to changing market rates • Remain focused on secondary market products and gain on sale of mortgage loans • Continue to adjust staffing levels, delivery models and product set to maintain profitability Production and Sales Volume $87.3 $89.5 $88.5 $115.4 $96.5 $65.1 $68.1 $61.4 $67.3 $69.2 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Production Sales

24 COLONY FINANCIAL ADVISORS (Dollars in millions) • Established and experienced financial advisor team • Attractive opportunities for growth in key markets of Atlanta, Jacksonville, Savannah, and Tallahassee • Focused on attracting and recruiting top financial advisors to support growth and long-term business line performance $206 $462 $555 $637 $654 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Assets Under Management $4 $219 $104 $37 $20 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Quarterly Net Flows

25 COLONY INSURANCE • Items and premiums in force remain relatively stable, supported by increased sales despite continued retention pressure, which began to ease in May 2026 • New home and auto policies continue to be added; however, current customer moves have reduced both item count and total premium • Continued investment in internal and external lead generation to support consistent growth • Bank referrals increased 6.8% for the nine months ended September 30, 2026, compared to the same period in 2025, reflecting improved team coordination and a more sales-focused culture 20,596 20,309 20,072 20,072 20,044 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Items In Force $34.6 $34.4 $34.2 $34.4 $34.4 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Premiums In Force (Dollars in millions)

26 The current indicated annual rate is $0.48 per share, equating to a yield of 2.4%.(2) SHAREHOLDER FOCUSED DIVIDEND POLICY (1) The Board of Directors declared a dividend to be paid on its common stock on November 25, 2026, to shareholders of record as of the close of business on November 11, 2026. (2) Yield is based on closing stock price on October 26, 2026 of $20.42. $0.1075 $0.1100 $0.1125 $0.1150 $0.1200 2022 2023 2024 2025 2026(1) Quarterly Dividend Payment

27 CAPITAL RATIOS 9.9% 10.8% 9.8% 10.2% 10.6% 13.4% 13.6% 13.4% 13.9% 14.4% 16.0% 16.0% 15.8% 16.2% 16.8% 12.4% 12.7% 12.5% 13.0% 13.5% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Tier One Leverage Ratio Tier One Ratio Total Risk-based Capital Ratio Common Equity Tier One Capital Ratio

28 STRENGTH IN OUR LIQUIDITY POSITION Significant liquidity sources (dollars in millions) FRB Reserves $ 98.9 Other Cash and Due from Banks 88.8 Unencumbered Securities 346.8 FHLB Borrowing Capacity 884.0 Fed Fund Lines 133.5 FRB Discount Window 135.8 Total Liquidity Sources $ 1,687.8 Debt Funding* (dollars in millions) *Reported as of last day of each period As of September 30, 2026 $24.2 $24.2 $24.2 $24.2 $24.2 $38.9 $38.9 $38.9 $39.0 $39.0 $185.0 $195.0 $195.0 $170.0 $200.0 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Trust Preferred Securities Subordinated Debentures FHLB Borrowings

29 ANNUAL NONINTEREST INCOME MIX 35% 30% 31% 34% 30% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2021 2022 2023 2024 2025 Service Charges & Fees Mortgage Loans & Related Fees SBA & Related Fees Insurance Division Merchant Services Wealth Management Interchange Income Other Total Non Int Inc/Total Income

30 QUARTERLY NONINTEREST INCOME MIX 31% 30% 27% 29% 29% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Service Charges & Fees Mortgage Loans & Related Fees SBA & Related Fees Insurance Division Merchant Services Wealth Management Interchange Income Other Total Non Int Inc/Total Income

31 ANNUAL DEPOSIT MIX AND PRICING 0.19% 0.32% 1.76% 2.42% 2.15% 2021 2022 2023 2024 2025 Noninterest-bearing Interest-bearing Savings/money market Time Cost of interest-bearing deposits

32 QUARTERLY DEPOSIT MIX AND PRICING 2.14% 2.07% 2.05% 2.08% 2.12% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Noninterest-bearing Interest-bearing Savings/money market Time Cost of interest-bearing deposits

33 DEPOSIT BALANCE DATA • Commercial/business is 15.6% of accounts and represents 43.0% of total deposits balance • Consumer is 84.4% of accounts and represents 57.0% of total deposits balance As of September 30, 2026 (excludes brokered and reciprocal deposits) (Dollars in thousands) $13.2 $14.6 $14.3 $13.2 $13.1 $21.3 $22.9 $21.9 $21.5 $20.9 $38.4 $39.9 $41.7 $42.0 $43.6 $53.4 $55.8 $56.4 $59.2 $61.1 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 AVERAGE DEPOSIT BALANCE PER ACCOUNT Noninterest-bearing Interest-bearing Savings/money market Time

34 DIVERSITY OF BUSINESS DEPOSIT BASE As determined by customer provided NAICS Codes As of September 30, 2026

35 LOAN PORTFOLIO BREAKDOWN As of September 30, 2026 $2,477.1 million $2,061.7 million

36 LOAN PORTFOLIO 5.89% 5.84% 5.88% 5.93% 6.04% 15.16% 14.39% 13.48% 13.08% 12.74% 9.84% 8.54% 8.67% 8.53% 8.99% 10.89% 11.09% 11.42% 11.50% 11.52% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Loan Yields by Department/Product Bank-Internally Originated Third Party Originators-Upstart SBSL-7a SBSL-Express/Flash/Lightning $(250,000) $- $250,000 $500,000 $750,000 $1,000,000 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Net Credit Losses by Department/Product Bank-Internally Originated Third Party Originators-Upstart SBSL-7a SBSL-Express/Flash/Lightning

37 CREDIT MIGRATION $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Classified Loans Newly Identified Loans Resolutions/Payoffs/Upgrades $- $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Criticized Loans Newly Identified Loans Resolutions/Payoffs/Upgrades

38 LOAN PORTFOLIO (Dollars in millions) Commercial Real Estate Production 7.83% 7.33% 7.11% 7.14% 7.26% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Loan Portfolio Composition Organic Purchased Loans Weighted average rate on new & renewed loans $38.1 $34.7 $43.0 $59.4 $44.4 $34.8 $14.1 $20.6 $12.2 $10.6 $24.0 $18.9 $2.9 $11.7 $11.3 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Permanent NOO CRE Commercial, Construction and Development Residential Construction $6.6 $14.7 $18.1 $16.0 $10.9 $31.5 $20.0 $24.9 $43.4 $33.5 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Residential Construction Loan Originations by Quarter Consumer Commercial

39 COMMERCIAL REAL ESTATE BY TYPE Type Outstanding Balance Average Deal Size Retail $ 157,650 $ 1,159 Multifamily 120,444 1,324 Office 122,458 935 Industrial & Warehouse 69,368 1,176 Hotel/Motel 123,408 3,010 Convenience Store 9,891 989 Daycare 23,911 1,258 Civic/Event Center 27,374 2,281 Mini-warehouse 60,226 1,771 Government Guaranteed:SBSL 9,095 1,299 Specialty and Other 32,160 784 (Dollars in thousands) As of September 30, 2026

40 REPRICING SCHEDULE Quarterly Fiscal Year 2028 & (Dollars in millions) 4Q 2026 1Q 2027 2Q 2027 3Q 2027 2026 2027 Beyond Loan Maturity & Repricing Schedule: Fixed Rate Loans $ 49 $ 24 $ 52 $ 87 $ 49 $ 223 $ 1,141 Weighted Average Rate 6.20 % 5.75 % 5.12 % 4.77 % 6.20 % 5.21 % 5.92 % Adjustable & Variable Rate Loans $ 737 $ 25 $ 12 $ 22 $ 737 $ 67 $ 274 Weighted Average Rate 7.28 % 6.27 % 6.62 % 6.92 % 7.28 % 6.49 % 6.17 % Securities Principal Cash Flow and Rolloff Yield: Investments $ 8 $ 8 $ 24 $ 20 $ 8 $ 76 $ 619 Weighted Average Rate 2.66 % 2.85 % 1.71 % 1.81 % 2.66 % 1.77 % 2.46 %

41 INVESTMENT SECURITIES As of: Average Life Effective Duration Book Yield 09/30/2025 6.00 4.60 2.32% 12/31/2025 5.60 4.30 2.52% 03/31/2026 5.90 4.40 2.53% 06/30/2026 5.60 4.30 2.50% 09/30/2026 6.10 4.50 2.72% Other Portfolio Metrics Pre-tax Unrealized Losses on Securities (in millions) Current base case assumptions and modeling suggest principal and interest cash flow from the investment portfolio estimated to be between $13 million and $29 million per quarter for the next four quarters 0% 25% 50% 75% 100% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 AFS/HTM Available for Sale Held to Maturity $31.5 $29.5 $29.9 $29.7 $39.0 $35.6 $32.4 $33.9 $34.2 $48.9 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 AFS HTM

42 INVESTMENT CONSIDERATIONS • Premier Southeast community bank located in growing markets • Core deposit funded with minimal reliance on wholesale funding • Diversified sources of revenue • Improving earnings outlook as new business lines and markets mature • Upside potential to tangible book value as unrealized losses recover • Deep leadership bench with a proven track record • Focused on scalability and efficiency • Investing in technology and leveraging data for revenue growth • Positioned to be the acquirer of choice in the Southeast