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 ...

[PART I – Financial Information](index=3&type=section&id=PART%20I%20%E2%80%93%20Financial%20Information) [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) Unaudited consolidated financial statements for June 30, 2019, show total assets grew to $1.51 billion due to acquisitions, though net income decreased to $4.9 million primarily from acquisition-related expenses [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2019, total assets increased 20.4% to $1.51 billion, driven by loan and investment growth from acquisitions, with deposits rising to $1.30 billion and equity to $126.5 million Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2019 (Unaudited) | December 31, 2018 (Audited) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets** | **$1,506,972** | **$1,251,878** | **+20.4%** | | Cash and Cash Equivalents | $75,412 | $60,156 | +25.4% | | Investment Securities Available for Sale | $409,839 | $353,066 | +16.1% | | Loans, Net | $927,917 | $774,249 | +19.8% | | Goodwill | $16,134 | $202 | +7887.1% | | **Total Liabilities** | **$1,380,463** | **$1,156,186** | **+19.4%** | | Total Deposits | $1,297,723 | $1,085,125 | +19.6% | | **Total Stockholders' Equity** | **$126,509** | **$95,692** | **+32.2%** | [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) Net income for Q2 2019 decreased to $2.1 million and for the six months to $4.9 million, primarily due to $1.9 million in acquisition-related expenses, despite growth in net interest income Consolidated Income Statement Highlights (in thousands, except per share data) | Metric | Q2 2019 | Q2 2018 | 6 Months 2019 | 6 Months 2018 | | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $11,825 | $10,165 | $22,182 | $20,294 | | Provision for Loan Losses | $179 | $44 | $310 | $70 | | Noninterest Income | $4,000 | $2,324 | $6,334 | $4,758 | | Noninterest Expense | $13,014 | $8,601 | $22,040 | $17,137 | | *Acquisition Related Expenses* | *$1,928* | *$0* | *$1,961* | *$0* | | **Net Income** | **$2,101** | **$3,069** | **$4,936** | **$6,257** | | **Diluted EPS** | **$0.23** | **$0.36** | **$0.56** | **$0.72** | | Cash Dividends Paid Per Share | $0.075 | $0.05 | $0.15 | $0.10 | [Notes to Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail accounting policies and acquisitions, including LBC Bancshares and PFB Mortgage in May 2019, which significantly impacted the balance sheet, loan portfolio, and regulatory capital, with subsequent events including a new lending group - On May 1, 2019, the Company completed its acquisition of LBC Bancshares, Inc. for consideration of 1,054,029 common shares (valued at **$18.7 million**) and **$15.3 million** in cash, adding approximately **$210.5 million** in assets and resulting in **$15.4 million** of goodwill[76](index=76&type=chunk)[83](index=83&type=chunk) - On May 1, 2019, the Bank acquired PFB Mortgage from Planters First Bank for **$833 thousand** in cash, resulting in **$541 thousand** of goodwill[88](index=88&type=chunk)[90](index=90&type=chunk) - The FASB has proposed delaying the effective date for the new credit loss standard (CECL) for smaller reporting companies, like Colony, until fiscal years beginning after **December 15, 2022**[64](index=64&type=chunk) - Subsequent to the quarter end, the company announced the startup of a Small Business Specialty Lending Group, declared a $0.075 per share dividend, and formed a captive insurance subsidiary, Colony Risk Management, Inc[222](index=222&type=chunk)[223](index=223&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=58&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management's discussion highlights strategic expansion through acquisitions and new lending initiatives, driving 20.4% asset growth to $1.51 billion, though net income declined due to $1.93 million in acquisition expenses, while nonperforming assets decreased and capital remained strong - The company's strategic focus includes increasing deposits, solid loan growth, exploring new product lines, and market expansion, with key 2019 initiatives including the acquisition of LBC Bancshares, purchase of PFB Mortgage, and the launch of a Small Business Specialty Lending Group[242](index=242&type=chunk)[245](index=245&type=chunk)[247](index=247&type=chunk) - Net income for the first six months of 2019 was **$4.94 million**, a decrease from **$6.26 million** in the prior year, primarily due to **$1.93 million** in acquisition-related expenses incurred in Q2 2019[264](index=264&type=chunk) - Noninterest expense increased significantly, driven by acquisition costs, with a major component being a **$1.08 million** contract buyout of Calumet Bank's data processing system[294](index=294&type=chunk) - Nonperforming assets decreased to **$10.7 million** (**0.71%** of total assets) at June 30, 2019, from **$11.3 million** (**0.90%** of total assets) at December 31, 2018[316](index=316&type=chunk)[317](index=317&type=chunk) [Results of Operations](index=62&type=section&id=Results%20of%20Operations) For the six months ended June 30, 2019, net income decreased 21.1% to $4.9 million due to a 28.6% rise in noninterest expense, including $1.96 million in acquisition costs, despite growth in net interest and noninterest income Key Operational Changes - Six Months Ended June 30 (2019 vs 2018) | Component | 2019 (in thousands) | 2018 (in thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Taxable-equivalent net interest income | $22,291 | $20,328 | +9.7% | | Provision for loan losses | $310 | $70 | +342.9% | | Noninterest income | $6,334 | $4,758 | +33.1% | | Noninterest expense | $22,040 | $17,137 | +28.6% | | **Net income** | **$4,936** | **$6,257** | **-21.1%** | - The increase in noninterest income was primarily driven by a **~$1.0 million** gain on the sale of other real estate owned properties and a **107.6%** increase in mortgage fee income, attributed to the PFB Mortgage acquisition[289](index=289&type=chunk)[290](index=290&type=chunk) - The rise in noninterest expense was mainly due to acquisitions, with salaries and benefits increasing by **$1.7 million** and acquisition-specific expenses totaling **$1.96 million**[292](index=292&type=chunk) [Financial Condition](index=70&type=section&id=Financial%20Condition) As of June 30, 2019, financial condition strengthened with total assets at $1.51 billion, loan portfolio at $935.3 million, and deposits at $1.3 billion, while nonperforming assets decreased and capital ratios remained strong - The total loan portfolio was composed of **$796.0 million** in legacy loans and **$139.2 million** in purchased loans as of June 30, 2019, reflecting the impact of recent acquisitions[302](index=302&type=chunk)[303](index=303&type=chunk) - The allowance for loan losses (ALLL) was **$6.8 million**, or **0.73%** of total loans, down from **0.93%** at year-end 2018, with the ratio of ALLL to nonperforming loans at **69.61%**[316](index=316&type=chunk)[329](index=329&type=chunk) - The company's capital position is strong, with a Common Equity Tier 1 ratio of **10.41%** and a Total Risk-Based Capital ratio of **13.37%**, both significantly exceeding regulatory minimums of **4.50%** and **8.00%**, respectively[346](index=346&type=chunk) - Liquidity remains solid with a loan-to-deposit ratio of **72.07%** and access to multiple funding sources, including the FHLB and correspondent banks[351](index=351&type=chunk)[355](index=355&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=83&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate risk, which management mitigates by balancing assets and liabilities, with no material changes reported since the 2018 Form 10-K - The company's main market risk exposure is to U.S. dollar interest rate changes[364](index=364&type=chunk) - There have been no material changes in market risk from the information provided in the Company's annual report on Form 10-K for the year ended December 31, 2018[364](index=364&type=chunk) [Controls and Procedures](index=83&type=section&id=Item%204.%20Controls%20and%20Procedures) The CEO and CFO concluded that disclosure controls and procedures were effective as of June 30, 2019, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the Company's disclosure controls and procedures were effective as of June 30, 2019[365](index=365&type=chunk) - No material changes to internal control over financial reporting were identified during the quarter[365](index=365&type=chunk) [PART II – Other Information](index=84&type=section&id=PART%20II%20%E2%80%93%20Other%20Information) [Legal Proceedings](index=84&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no material legal proceedings - None[367](index=367&type=chunk) [Risk Factors](index=84&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were reported since the Annual Report on Form 10-K for the year ended December 31, 2018 - There have been no material changes to the risk factors disclosed in the Annual Report on Form 10-K for the year ended December 31, 2018[367](index=367&type=chunk) [Unregistered Sale of Equity Securities and Use of Proceeds](index=84&type=section&id=Item%202.%20Unregistered%20Sale%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No sales of the company's common stock occurred during the three-month period ended June 30, 2019 - There were no shares of the Company's common stock sold during the three-month period ended June 30, 2019[368](index=368&type=chunk) [Exhibits](index=84&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the report, including CEO and CFO certifications and XBRL data files - Exhibits filed include CEO and CFO certifications under Sarbanes-Oxley Sections 302 and 906, and XBRL interactive data files[383](index=383&type=chunk)

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K [ X ] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2018 [ ] 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 Jurisdicti ...