Colony Bankcorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 22, 2021 at 09:03 am
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Colony Bankcorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 15.151 million compared to USD 12.995 million a year ago. Net income was USD 4.900 million compared to USD 2.650 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.29 a year ago. For the full year, net interest income was USD 55.245 million compared to USD 47.849 million a year ago. Net income was USD 11.815 million compared to USD 10.211 million a year ago. Basic earnings per share from continuing operations was USD 1.24 compared to USD 1.12 a year ago.
Colony Bankcorp, Inc. is a financial service and a bank holding company. The Companyâs business is conducted through its bank subsidiary, Colony Bank (the Bank), a Georgia state-chartered commercial bank. The Bank provides a range of banking services to its retail and commercial customers. The Company operates through three segments: Banking Division, Retail Mortgage Division and Small Business Specialty Lending Division. The Banking Division delivers full service financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division offers services for one-to-four family residential mortgage loans. The Small Business Specialty Lending Division offers small business administration and United States Department of Agriculture (USDA) government guaranteed loans. Its product line includes loans to small and medium-sized businesses, residential and commercial construction and land development loans, commercial real estate loans and others.
COLONY BANKCORP, INC. 
