Colony Bankcorp Q1 profit jumps 24% on TC Bancshares deal; margin expands but charge-offs triple

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~2 min read

Key Changes

• high

  Net income rose to $8.2M ($0.39/share) from $6.6M ($0.38/share) year-over-year, driven by the December 2025 TC Bancshares acquisition which added $500M in assets and $500M in loans, expanding the company's scale by 15-16%.

  MD&A: TC Bancshares acquisition impact verify on EDGAR →
• high

  Net interest margin expanded 55 basis points to 3.48% from 2.93%, fueled by accelerated accretion income from acquired loan prepayments and lower funding costs—a material improvement over the prior year's 24 basis point gain.

  MD&A: Net interest margin expansion verify on EDGAR →
• high

  Net charge-offs nearly tripled to $1.7M from $606K, driven by losses in the SBA/Small Business Specialty Lending portfolio and commercial segments, while the allowance ratio declined to 0.90% of loans from 1.04% due to the acquired portfolio's lower reserve level.

  MD&A: Net charge-offs increase verify on EDGAR →