Colony Bank(US:CBAN)2025-10-23 14:00Financial Data and Key Metrics Changes - Operating net income increased by $252,000 from the prior quarter, attributed to higher net interest income and operating non-interest income, offset by increased provision and operating non-interest expenses [18] - Net interest income rose by $314,000 compared to the prior quarter, driven by continued asset repricing and loan growth [19] - Tangible book value per share increased to $14.2 from $12.76 a year ago, reflecting consistent growth in tangible capital [31] Business Line Data and Key Metrics Changes - Non-interest income increased over $1,000,000 from the prior quarter, with significant increases in fee income and interchange income [9][20] - Mortgage and SBSL activity slowed, with mortgage production down slightly compared to the second quarter due to changes in SBA lending guidelines and a slower housing market [32] - Marine and RV lending showed improvement, with pretax income up $100,000 quarter over quarter [33] Market Data and Key Metrics Changes - Loan growth for the quarter was around 9% annualized, lower than the first and second quarters, but still around a 14% annualized loan growth rate for the year [8] - Total deposits increased by $28,100,000 during the quarter, partly due to strategic use of brokered funding [29] Company Strategy and Development Direction - The company is focused on strategic investments in talent acquisition to support growth and solidify market position [16] - The pending merger with TC Bancshares is progressing as planned, with expectations for closure in the fourth quarter [14] - The company remains optimistic about future M&A opportunities and is actively engaging with potential strategic fits [15] Management's Comments on Operating Environment and Future Outlook - Management does not expect material adverse impacts from the federal government shutdown, having prepared by identifying affected customers [12][38] - The company anticipates a modest growth in net interest margin, expecting it to be in the single digits going forward [41] Other Important Information - Operating non-interest expenses increased by $624,000 quarter over quarter due to investments in people and growth initiatives [21] - A wire fraud incident resulted in a recognized loss of $1,250,000 related to disputed insurance coverage [25] Q&A Session Summary Question: Given the disruption in DC, are there any impacts on borrowers and the local economy? - Management does not foresee a material impact at this time and has provided resources to assist customers [37][38] Question: What is the average roll on versus roll rate this quarter and how does the NIM outlook look? - The new and renewed loan rate was 7.83%, with expectations for modest growth in net interest margin [39][41] Question: Is there any NDFI loan exposure? - Management confirmed there is no meaningful exposure to NDFI loans [42]