Colony Bankcorp Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Total interest income was $11.2 million against $12.2 million last year. Net interest income was $9.0 million against $8.9 million last year. Income before income taxes was $1.4 million against $0.8 million last year. Net income was $0.9 million against $0.5 million last year. Net income available to common shareholders was $0.6 million or $0.07 per basic and diluted share against $0.2 million or $0.02 per basic and diluted share last year. Common book value per share was $8.01 against $8.23 at March 31, 2012. Tangible common book value per share was $7.98 against $8.20 at March 31, 2012. Return on average assets was 3.45% against 3.23% last year. Return on average total equity was 2.37% against 0.78% last year. Net income reflects an increase of 200% for the comparable periods and was primarily driven by an increase in net interest income and noninterest income - along with a reduction in provision for loan losses. For the first quarter of 2013, net charge-offs were $1.3 million compared to net charge-offs of $1.7 million in the first quarter of 2012.

Colony Bankcorp Inc. announced that they will report Q1, 2013 results Pre-Market on Apr 19, 2013

Colony Bankcorp Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net income available to shareholders of $203,000, or $0.02 per diluted share compared to $31,000 for the comparable 2011 period. Income before income taxes was $816,000 compared to $545,000 a year ago. Net income was $568,000 compared to $381,000 a year ago. Net interest income was $9,076,000 compared to $8,844,000 a year ago period. Common book value per share was $8.05 compared to $8.17 a year ago. Return on average assets was 0.07% and return on average total equity was 0.85% compared to return on average assets of 0.01% and return on average total equity of 0.13% a year ago. For the full year, the company reported net income available to shareholders of $1,206,000, or $0.14 per diluted share compared to $1,134,000 or $0.13 for the same period in 2011. Income before income taxes was $3,842,000 compared to $3,638,000 a year ago. Net income was $2,641,000 compared to $2,534,000 a year ago. Net interest income was $36,273,000 compared to $34,987,000 a year ago. Return on average assets was 0.11% and return on average total equity was 1.25% compared to return on average assets of 0.09% and return on average total equity of 1.20% a year ago. In the fourth quarter of 2012, net charge-offs were $2,810,000 or 0.38% of average loans as compared to net charge-offs of $3,510,000 or 0.48% of average loans in fourth quarter of 2011.