UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-12436 COLONY BANKCORP, INC. (Exact Name of Registrant as Specified in Its Charter) Georgia 58-1492391 (State or Other Jurisdiction of Incorporation or Organization) ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each Exchange on which registered Common Stock, Par Value $1.00 per share CBAN The NASDAQ Stock Market Securities Registered Pursuant to Section 12(g) of the Act: None. FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

Financial Performance - The company reported net income of $3.1 million, or $0.33 per diluted share, for Q3 2020, compared to net income of $2.5 million, or $0.27 per diluted share, for Q3 2019[236]. - Net interest income increased to $13.8 million for Q3 2020, compared to $12.7 million for Q3 2019, driven by increased loan fee income from PPP loan originations[237]. - Noninterest income for Q3 2020 was $7.6 million, an increase of $3.5 million or 86.9% compared to Q3 2019[242]. - Net income for Q3 2020 was $3.1 million, compared to $2.5 million for Q3 2019, representing an increase of 24%[250]. - Operating net income for Q3 2020 was $3.7 million, compared to $3.2 million for the same period in 2019[251]. - Adjusted earnings per diluted share for Q3 2020 was $0.39, up from $0.34 in Q3 2019[248]. Asset and Loan Metrics - As of September 30, 2020, the company had total consolidated assets of $1.8 billion, total loans of $1.1 billion, total deposits of $1.4 billion, and shareholders' equity of $140.3 million[236]. - Total assets as of Q3 2020 were $1.77 billion, compared to $1.49 billion in Q3 2019[254]. - Total loans reached $1,101.6 million as of September 30, 2020, compared to $968.8 million at December 31, 2019[1]. - Gross loans outstanding increased to $1.1 billion at September 30, 2020, up $132.8 million, or 13.7%, from $968.8 million at December 31, 2019[286]. - Average assets increased by $184.3 million, or 19.3%, and average liabilities increased by $147.9 million since Q3 2019[258]. Interest Income and Margin - The net interest margin decreased to 3.34% for Q3 2020 from 3.62% for Q3 2019, primarily due to an increase in loan production at lower rates from PPP loans[237]. - Net interest income for Q3 2020 was $13.9 million, an increase of $1.2 million, or 9.4%, compared to Q3 2019[259]. - The yield on total interest-bearing liabilities decreased from 1.23% in Q3 2019 to 0.52% in Q3 2020[260]. - Deposit costs decreased from 1.06% in Q3 2019 to 0.42% in Q3 2020, influenced by falling interest rates[261]. - Total interest-earning assets for Q3 2020 were $1.658 billion, generating $15.635 million in income, with a yield of 3.74%[262]. Loan Loss Provisions and Allowances - The provision for loan losses was $1.1 million for Q3 2020, compared to $214,000 for Q3 2019, reflecting increased risk due to the COVID-19 pandemic[239]. - As of September 30, 2020, the allowance for loan losses was $11.0 million, or 1.00% of total loans, up from $6.9 million, or 0.71% of total loans, at December 31, 2019[239]. - The allowance for loan losses to total loans ratio was 1.00% in Q3 2020, up from 0.69% in Q3 2019[252]. - The provision for loan loss for the nine months ended September 30, 2020, was $5.3 million, compared to $524,000 for the same period in 2019[298]. - The company has incorporated additional qualitative measures in the allowance for loan losses calculation due to the ongoing impact of the COVID-19 pandemic[294]. Nonperforming Assets - Nonperforming assets were $11.8 million as of September 30, 2020, or 0.67% of total assets, compared to $10.5 million, or 0.69% of total assets, at December 31, 2019[239]. - Nonperforming loans (NPLs) decreased to $9.9 million in Q3 2020 from $10.1 million in Q3 2019[252]. - Nonaccrual loans totaled $9.9 million at September 30, 2020, an increase of $0.7 million, or 8.1%, from $9.2 million at December 31, 2019[300]. - Total nonperforming assets as a percentage of total assets decreased to 0.67% at September 30, 2020, from 0.69% at December 31, 2019[300]. - Nonperforming assets (NPAs) as a percentage of total loans and other real estate owned (OREO) decreased to 1.07% as of September 30, 2020, from 1.08% as of December 31, 2019[306]. Capital and Deposits - The Company reported a Common Equity Tier 1 (CET1) risk-based capital ratio of 12.16% as of September 30, 2020, up from 10.33% as of December 31, 2019[325]. - Total capital ratio was 15.29% as of September 30, 2020, compared to 13.17% as of December 31, 2019, indicating improved capital adequacy[325]. - Total deposits increased to $1.416 billion as of September 30, 2020, compared to $1.294 billion as of December 31, 2019, representing a growth of approximately 9.5%[309]. - The Company had $76.0 million in brokered deposits as of September 30, 2020, a significant increase from $2.0 million as of December 31, 2019[310]. - Cash and cash equivalents rose to $148.8 million as of September 30, 2020, compared to $104.1 million as of December 31, 2019, reflecting an increase of 42.7%[318]. COVID-19 Impact - The company closed approximately 1,630 PPP loans for an aggregate amount exceeding $137.8 million, with loan fees collected of approximately $5.5 million[233]. - The Company had approximately $12.6 million in loans under modified terms due to COVID-19 as of September 30, 2020[307]. - The company remains focused on improving shareholder value, managing credit exposure, and enhancing the customer experience amid the ongoing pandemic[230]. - 5.8% of the loan portfolio, or $63.9 million, is in the hotel sector, which is expected to be most sensitive to the COVID-19 pandemic[301]. - The provision for loan losses for the three months ended September 30, 2020 was $1.1 million, significantly higher than $214,000 for the same period in 2019, reflecting economic disruptions due to COVID-19[270]. Expense Management - Noninterest expense for Q3 2020 was $16.3 million, up $3.0 million or 22.1% from the same period in 2019[243]. - Salaries and employee benefits increased by $1.9 million, or 26.7%, for the three months ended September 30, 2020, compared to the same period in 2019[281]. - Total noninterest expense for the third quarter of 2020 was $16.3 million, up $3.0 million, or 22.1%, from $13.4 million in the same period in 2019[280].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-12436 COLONY BANKCORP, INC. (Exact Name of Registrant as Specified in Its Charter) Georgia 58-1492391 (State or Other Jurisdiction of Incorporation or Organization) (I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-12436 COLONY BANKCORP, INC. (Exact Name of Registrant as Specified in Its Charter) Georgia 58-1492391 (State or Other Jurisdiction of Incorporation or Organization) ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _____________to ______________ Commission File Number 000-12436 COLONY BANKCORP, INC. (Exact Name of Registrant Specified in its Charter) Georgia 58-1492391 (State or Other Jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-12436 COLONY BANKCORP, INC. (Exact Name of Registrant as Specified in Its Charter) GEORGIA 58-1492391 (State or Other Jurisdiction of Incorporation or Organizat ...

Investor Presentation 2nd Quarter - 2019 0 00 CAUTIONARY STATEMENTS This presentation contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements usually use words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology, including statements related to the expected returns and other ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-12436 COLONY BANKCORP, INC. (Exact Name of Registrant as Specified in Its Charter) GEORGIA (State or Other Jurisdiction of Incorporation or Organization) 58-1492391 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2019 COMMISSION FILE NUMBER 0-12436 COLONY BANKCORP, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) GEORGIA 58-1492391 (STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER) 115 SOUTH GRANT STREET, FITZGERALD, GEORGIA 31750 ADDRESS OF PRINCI ...