Colony Bankcorp, Inc. (CBAN) Financial Statements (2024 and earlier)

Company Profile

Business Address 115 SOUTH GRANT STREET
FITZGERALD, GA 31750
State of Incorp. GA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,58418,97517,218104,09210,37723,145
Cash and cash equivalents20,58418,97517,218104,09210,37723,145
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss   
Total current assets:20,58418,97517,218104,09210,37723,145
Noncurrent Assets
Operating lease, right-of-use asset 1,834645511 
Property, plant and equipment41,60643,03332,05732,48228,83127,639
Intangible assets, net (including goodwill)54,58760,29518,26319,53375945
Goodwill48,92352,90615,99216,477202 
Intangible assets, net (excluding goodwill)5,6647,3892,2713,05655745
Deferred income tax assets28,1993,6441341,505
Total noncurrent assets:126,226107,61750,96553,52029,59027,684
Other undisclosed assets2,789,7602,565,1231,695,7911,357,7011,211,9121,181,926
TOTAL ASSETS:2,936,5702,691,7151,763,9741,515,3131,251,8781,232,755
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,706,3022,474,0081,619,4861,384,807  
Total liabilities:2,706,3022,474,0081,619,4861,384,807  
Equity
Equity, attributable to parent230,268217,707144,488130,50695,69290,323
Common stock17,59813,6749,4999,4998,4458,439
Additional paid in capital167,537111,02143,21543,66725,97829,145
Accumulated other comprehensive income (loss)(66,440)(6,177)6,781362(8,190)(6,492)
Retained earnings111,57399,18984,99376,97869,45959,230
Total equity:230,268217,707144,488130,50695,69290,323
Other undisclosed liabilities and equity     1,156,1861,142,433
TOTAL LIABILITIES AND EQUITY:2,936,5702,691,7151,763,9741,515,3131,251,8781,232,755

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,1347,46065,65160,48341,27947,362
Gain on disposition of assets for financial service operations6,1347,4602,526  
Net investment income  63,12560,48341,27938,996
Financial services revenue8,366
Cost of revenue(3,370)(700)(6,558)(1,104)(201)(390)
Provision for loan, lease, and other losses(3,370)(700)(6,558)(1,104)(201)
Financial services costs(390)
Gross profit:2,7646,76059,09359,37941,07846,972
Operating expenses(25,321)(25,510)(16,615)(7,583)(7,997)(26,420)
Other operating income, net
(Noninterest Income, Other Operating Income)
2,8191,434463  1,369
Operating income (loss):(19,738)(17,316)42,94151,79633,08121,921
Nonoperating income
(Bank Owned Life Insurance Income)
1,3131,041743   
Interest and debt expense(10,865)(4,397)(7,880)(12,638)(8,226)(6,873)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (21,174)(26,549)(9,938)(520)
Income (loss) from continuing operations before equity method investments, income taxes:(29,290)(20,672)14,63012,60914,91814,528
Other undisclosed income from continuing operations before income taxes52,14243,826    
Income from continuing operations before income taxes:22,85223,15414,63012,60914,91814,528
Income tax expense(3,310)(4,495)(2,815)(2,398)(3,000)(6,777)
Income from continuing operations:19,54218,65911,81510,21111,9177,751
Income before gain (loss) on sale of properties:18,65911,81510,21111,9177,751
Net income attributable to parent:19,54218,65911,81510,21111,9177,751
Preferred stock dividends and other adjustments      (211)
Net income available to common stockholders, diluted:19,54218,65911,81510,21111,9177,540

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:19,54218,65911,81510,21111,9177,751
Other comprehensive loss     (2,150) 
Comprehensive income:19,54218,65911,81510,2119,7687,751
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(60,263)(12,958)6,4198,552451(402)
Comprehensive income (loss), net of tax, attributable to parent:(40,721)5,70118,23418,76310,2197,349

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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