Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

The following tables present information reported internally for performance assessment for the three and six months ended June 30, 2025 and 2024:



(dollars in thousands)	Bank			Mortgage Banking		Small Business Specialty Lending Division			Totals
Three Months Ended June 30, 2025
Net Interest Income	$	21,319		$	44	$	1,022		$	22,385
Provision for Credit Losses	(330)			—		780			450
Net Interest Income after Provision for Credit Losses	21,649			44		242			21,935
Mortgage Fee Income	—			1,984		—			1,984
Gain on Sale of SBA Loans	—			—		1,550			1,550
Other	5,969		(1)	—		595		(2)	6,564
Total Noninterest Income	5,969			1,984		2,145			10,098
Salaries and Employee Benefits	9,619			1,764		1,482			12,865
Other (3)	8,650			(54)		543			9,139
Total Noninterest Expense	18,269			1,710		2,025			22,004
Income Taxes	1,908			69		74			2,051
Segment Profit	$	7,441		$	249	$	288		$	7,978

(1) Includes service charges on deposits, interchange fees, BOLI income, insurance commissions and other noninterest income.
(2) Represents SBA loan related fee income.
(3) Includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses.



(dollars in thousands)	Bank			Mortgage Banking		Small Business Specialty Lending Division			Totals
Three Months Ended June 30, 2024
Net Interest Income	$	17,217		$	50	$	1,142		$	18,409
Provision for Credit Losses	96			—		554			650
Net Interest Income after Provision for Credit Losses	17,121			50		588			17,759
Mortgage Fee Income	(14)			1,456		—			1,442
Gain on Sale of SBA Loans	—			—		2,347			2,347
Other	5,100		(1)	—		608		(2)	5,708
Total Noninterest Income	5,086			1,456		2,955			9,497
Salaries and Employee Benefits	9,164			1,410		1,704			12,278
Other (3)	7,971			(84)		165			8,052
Total Noninterest Expense	17,135			1,326		1,869			20,330
Income Taxes	1,060			42		350			1,452
Segment Profit	$	4,012		$	138	$	1,324		$	5,474

(1) Includes service charges on deposits, loss on sales of securities, interchange fees, BOLI income, insurance commissions and other noninterest income.
(2) Represents SBA loan related fee income.
(3) Includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses.


(dollars in thousands)	Bank			Mortgage Banking		Small Business Specialty Lending Division			Totals
Six Months Ended June 30, 2025
Net Interest Income	$	41,308		$	97	$	1,932		$	43,337
Provision for Credit Losses	891			—		1,059			1,950
Net Interest Income after Provision for Credit Losses	40,417			97		873			41,387
Mortgage Fee Income	—			3,563		—			3,563
Gain on Sale of SBA Loans	—			—		2,585			2,585
Other	11,743		(1)	—		1,251		(2)	12,994
Total Noninterest Income	11,743			3,563		3,836			19,142
Salaries and Employee Benefits	18,507			3,218		3,045			24,770
Other (3)	16,552			93		810			17,455
Total Noninterest Expense	35,059			3,311		3,855			42,225
Income Taxes	3,459			79		175			3,713
Segment Profit	$	13,642		$	270	$	679		$	14,591

Segments Assets at June 30, 2025	$	3,010,416		$	14,296	$	90,905		$	3,115,617

Full time employees June 30, 2025	390			43		34			467

(1) Includes service charges on deposits, interchange fees, BOLI income, insurance commissions and other noninterest income.
(2) Represents SBA loan related fee income.
(3) Includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses.


(dollars in thousands)	Bank			Mortgage Banking		Small Business Specialty Lending Division			Totals
Six Months Ended June 30, 2024
Net Interest Income	$	34,769		$	90	$	2,204		$	37,063
Provision for Credit Losses	551			—		1,099			1,650
Net Interest Income after Provision for Credit Losses	34,218			90		1,105			35,413
Mortgage Fee Income	70			2,621		—			2,691
Gain on Sale of SBA Loans	—			—		4,393			4,393
Other	10,696		(1)	—		1,204		(2)	11,900
Total Noninterest Income	10,766			2,621		5,597			18,984
Salaries and Employee Benefits	18,330			2,634		3,332			24,296
Other (3)	15,934			(90)		587			16,431
Total Noninterest Expense	34,264			2,544		3,919			40,727
Income Taxes	2,226			43		594			2,863
Segment Profit	$	8,494		$	124	$	2,189		$	10,807

Segments Assets at December 31, 2024	$	2,985,856		$	17,970	$	105,956		$	3,109,782

Full time employees June 30, 2024	385			42		33			460

(1) Includes service charges on deposits, loss on sales of securities, interchange fees, BOLI income, insurance commissions and other noninterest income.
(2) Represents SBA loan related fee income.
(3) Includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses.

COLONY BANKCORP INC 10-Q