Colony Bankcorp, Inc. reported second quarter 2026 net income of $10.9 million, or $0.51 per diluted share, increasing from $8.2 million in the first quarter of 2026. Total loans reached $2.46 billion as of June 30, 2026, representing a 2.13% increase from the prior quarter. Total deposits were $2.97 billion, down from $3.05 billion on March 31, 2026. The company also announced a strategic merger with First Reliance Bancshares, Inc., expected to close in the fourth quarter of 2026, which is projected to provide approximately 20% earnings accretion. Colony Bankcorp, Inc. is a bank holding company providing personal and business banking solutions.

Colony Bankcorp, Inc. entered into a merger agreement with First Reliance Bancshares, Inc. to merge FSRL into the Company. FSRL shareholders can elect to receive either $19.75 in cash or 0.94 shares of Colony Bankcorp common stock per share, with an allocation of approximately 20% cash and 80% stock. The transaction is expected to close in the fourth quarter of 2026. Colony Bankcorp, Inc. is a financial services company providing banking services.