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Colony Bankcorp Reports Second Quarter 2025 Results

By The Associated Press
Posted 5:00PM on Wednesday 23rd July 2025 ( 1 week ago )

FITZGERALD, Ga.--(BUSINESS WIRE)--Jul 23, 2025--

Colony Bankcorp, Inc. (NYSE: CBAN) (“Colony” or the “Company”) today reported financial results for the second quarter of 2025. Financial highlights are shown below.

Financial Highlights:

The Company also announced that on July 22, 2025, the Board of Directors declared a quarterly cash dividend of $0.1150 per share, to be paid on its common stock on August 20, 2025, to shareholders of record as of the close of business on August 6, 2025. The Company had 17,461,032 shares of its common stock outstanding as of July 21, 2025.

“We are very pleased with our second-quarter results reflecting continued strength in core earnings and disciplined execution across the organization. Net interest margin expanded meaningfully, supported by a well-positioned balance sheet and stable funding costs, while return on assets improved as we maintained strong operating leverage. Additionally, our sustained loan growth demonstrates healthy demand across our markets,” said Heath Fountain, Chief Executive Officer.

“Credit quality remains solid, with improvements in several key metrics, underscoring the resilience of our portfolio and prudent underwriting. We remain focused on driving long-term value through consistent, high-quality growth.”

“In addition to our strong financial performance, we’re also excited to announce our strategic acquisition of TC Bancshares, Inc., detailed in a separate release issued today. This combination represents a compelling opportunity to further strengthen our franchise, expand our reach in key markets, and enhance long-term value for our shareholders.”

Balance Sheet

Capital

Second Quarter 2025 Results of Operations

Asset Quality

Earnings call information

The Company will host an earnings conference call at 9:00 a.m. ET on Thursday, July 24, 2025, to discuss the recent results and answer relevant questions. The conference call can be accessed by dialing 1-800-549-8228 and using the Conference ID: 22154. A replay of the call will be available until Thursday, July 31, 2025. To listen to the replay, dial 1-888-660-6264 and entering the passcode 22154#.

About Colony Bankcorp

Colony Bankcorp, Inc. is the bank holding company for Colony Bank. Founded in Fitzgerald, Georgia in 1975, Colony operates locations throughout Georgia as well as in Birmingham, Alabama; Tallahassee, Florida; and the Florida Panhandle. Colony Bank offers a range of banking solutions for personal and business customers. In addition to traditional banking services, Colony provides specialized solutions including mortgage lending, government guaranteed lending, consumer insurance, wealth management, credit cards and merchant services. Colony’s common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “CBAN.” For more information, please visit www.colony.bank. You can also follow the Company on social media.

Forward-Looking Statements

Certain statements contained in this press release that are not statements of historical fact constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, certain statements may be contained in the Company’s future filings with the Securities and Exchange Commission (the “SEC”), in press releases, and in oral and written statements made by or with the approval of the Company that are not statements of historical fact and constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Examples of forward-looking statements include, but are not limited to: (i) projections and/or expectations of revenues, income or loss, earnings or loss per share, the payment or nonpayment of dividends, capital structure and other financial items; (ii) statement of plans and objectives of Colony Bankcorp, Inc. or its management or Board of Directors, including those relating to products or services; (iii) statements of future economic performance; (iv) statements regarding growth strategy, capital management, liquidity and funding, and future profitability; and (v) statements of assumptions underlying such statements. Words such as “may”, “will”, “anticipate”, “assume”, “should”, “support”, “indicate”, “would”, “believe”, “contemplate”, “expect”, “estimate”, “continue”, “further”, “plan”, “point to”, “project”, “could”, “intend”, “target” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements.

Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties. Factors that might cause such differences include, but are not limited to: the impact of current and future economic conditions, particularly those affecting the financial services industry, including the effects of declines in the real estate market, tariffs or trade wars (including the resulting reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services), high unemployment rates, inflationary pressures, changes in interest rates (including the impact of prolonged elevated interest rates on our financial projections and models) and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing; the risk of reductions in benchmark interest rates and the resulting impacts on net interest income; potential impacts of adverse developments in the banking industry highlighted by high-profile bank failures, including impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto; risks arising from media coverage of the banking industry; risks arising from perceived instability in the banking sector; the risks of changes in interest rates and their effects on the level, cost, and composition of, and competition for, deposits, loan demand and timing of payments, the values of loan collateral, securities, and interest sensitive assets and liabilities; the ability to attract new or retain existing deposits, to retain or grow loans or additional interest and fee income, or to control noninterest expense; the effect of pricing pressures on the Company’s net interest margin; the failure of assumptions underlying the establishment of reserves for possible credit losses, fair value for loans and other real estate owned; changes in real estate values; the Company’s ability to implement its various strategic and growth initiatives; increased competition in the financial services industry, particularly from regional and national institutions, as well as from fintech companies; economic conditions, either nationally or locally, in areas in which the Company conducts operations being less favorable than expected; changes in the prices, values and sales volumes of residential and commercial real estate; developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; legislation or regulatory changes which adversely affect the ability of the consolidated Company to conduct business combinations or new operations; adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions, including as a result of the Company’s participation in and execution of government programs; significant turbulence or a disruption in the capital or financial markets and the effect of a fall in the stock market prices on our investment securities; the effects of war or other conflicts; general risks related to the Company’s merger and acquisition activity, including risks associated with integrating and realizing the expected financial benefits of previous or pending acquisitions, and the Company’s pursuit of future acquisitions; the impact of generative artificial intelligence; fraud or misconduct by internal or external actors, and system failures, cybersecurity threats or security breaches and the cost of defending against them; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding debt ceiling and the federal budget; a potential U.S. federal government shutdown and the resulting impacts; and general competitive, economic, political and market conditions or other unexpected factors or events. These and other factors, risks and uncertainties could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Many of these factors are beyond the Company’s ability to control or predict.

Forward-looking statements speak only as of the date on which such statements are made. These forward-looking statements are based upon information presently known to the Company’s management and are inherently subjective, uncertain and subject to change due to any number of risks and uncertainties, including, without limitation, the risks and other factors set forth in the Company’s filings with the Securities and Exchange Commission, the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, under the captions “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors,” and in the Company’s quarterly reports on Form 10-Q and current reports on Form 8-K. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events. Readers are cautioned not to place undue reliance on these forward-looking statements.

Additional Information About the Proposed Merger and Where to Find It

This document does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the proposed merger, the Company will file with the SEC a registration statement on Form S-4 that will include a joint proxy statement of TC Bancshares, Inc. (“TC Bancshares”) and the Company and a prospectus of the Company, as well as other relevant documents concerning the proposed transaction. WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE REGISTRATION STATEMENT ON FORM S-4, THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, TC BANCSHARES AND THE PROPOSED MERGER. The joint proxy statement/prospectus will be sent to the shareholders of TC Bancshares seeking the required shareholder approval. Investors and security holders will be able to obtain free copies of the registration statement on Form S-4 and the related joint proxy statement/prospectus, when filed, as well as other documents filed with the SEC by the Company through the web site maintained by the SEC at www.sec.gov. Documents filed with the SEC by the Company will also be available free of charge by directing a written request to Colony Bankcorp, Inc., 115 South Grant Street, Fitzgerald, Georgia 31750, Attn: Derek Shelnutt and on the Company’s website, colony.bank, under Investor Relations. The Company’s telephone number is (229) 426-6000.

Explanation of Certain Unaudited Non-GAAP Financial Measures

The measures entitled operating noninterest income, operating noninterest expense, operating net income, adjusted earnings per diluted share, operating return on average assets, operating return on average equity, tangible book value per common share, tangible equity to tangible assets, operating efficiency ratio, operating net noninterest expense to average assets and pre-provision net revenue are not measures recognized under U.S. generally accepted accounting principles (GAAP) and therefore are considered non-GAAP financial measures. The most comparable GAAP measures are noninterest income, noninterest expense, net income, diluted earnings per share, return on average assets, return on average equity, book value per common share, total equity to total assets, efficiency ratio, net noninterest expense to average assets and net interest income before provision for credit losses, respectively. Operating noninterest income excludes gain on sale of bank premises and loss on sales of securities. Operating noninterest expense excludes acquisition-related expenses and severance costs. Operating net income, operating return on average assets, operating return on average equity and operating efficiency ratio all exclude acquisition-related expenses, severance costs, gain on sale of bank premises and loss on sales of securities from net income, return on average assets, return on average equity and efficiency ratio, respectively. Operating net noninterest expense to average assets ratio excludes from net noninterest expense, severance costs, acquisition-related expenses, gain on sale of bank premises and loss on sales of securities. Acquisition-related expenses includes fees associated with acquisitions and vendor contract buyouts. Severance costs includes costs associated with termination and retirement of employees. Adjusted earnings per diluted share includes the adjustments to operating net income. Tangible book value per common share and tangible equity to tangible assets exclude goodwill and other intangibles from book value per common share and total equity to total assets, respectively. Pre-provision net revenue is calculated by adding noninterest income to net interest income before provision for credit losses, and subtracting noninterest expense.

Management uses these non-GAAP financial measures in its analysis of the Company's performance and believes these presentations provide useful supplemental information, and a clearer understanding of the Company's performance, and if not provided would be requested by the investor community. The Company believes the non-GAAP measures enhance investors' understanding of the Company's business and performance. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. The limitations associated with operating measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently.

These disclosures should not be considered an alternative to GAAP. The computations of operating noninterest income, operating noninterest expense, operating net income, adjusted earnings per diluted share, operating return on average assets, operating return on average equity, tangible book value per common share, tangible equity to tangible assets, operating efficiency ratio, operating net noninterest expense to average assets and pre-provision net revenue and the reconciliation of these measures to noninterest income, noninterest expense, net income, diluted earnings per share, return on average assets, return on average equity, book value per common share, total equity to total assets, efficiency ratio, net noninterest expense to average assets and net interest income before provision for credit losses are set forth in the table below.

Colony Bankcorp, Inc.

Reconciliation of Non-GAAP Measures

 

 

 

 

 

 

 

2025

 

2024

(dollars in thousands, except per share data)

 

Second
Quarter

 

First
Quarter

 

Fourth
Quarter

 

Third
Quarter

 

Second
Quarter

Operating noninterest income reconciliation

 

 

 

 

 

 

 

 

 

 

Noninterest income (GAAP)

 

$

10,098

 

 

$

9,044

 

 

$

10,309

 

 

$

10,082

 

 

$

9,497

 

Writedown of bank premises

 

 

 

 

 

 

 

 

 

 

 

 

 

 

197

 

Loss on sales of securities

 

 

 

 

 

 

 

 

401

 

 

 

454

 

 

 

425

 

Operating noninterest income

 

$

10,098

 

 

$

9,044

 

 

$

10,710

 

 

$

10,536

 

 

$

10,119

 

 

 

 

 

 

 

 

 

 

 

 

Operating noninterest expense reconciliation

 

 

 

 

 

 

 

 

 

 

Noninterest expense (GAAP)

 

$

22,004

 

 

$

20,221

 

 

$

21,272

 

 

$

20,835

 

 

$

20,330

 

Severance costs

 

 

 

 

 

 

 

 

 

 

 

(265

)

 

 

 

Operating noninterest expense

 

$

22,004

 

 

$

20,221

 

 

$

21,272

 

 

$

20,570

 

 

$

20,330

 

 

 

 

 

 

 

 

 

 

 

 

Operating net income reconciliation

 

 

 

 

 

 

 

 

 

 

Net income (GAAP)

 

$

7,978

 

 

$

6,613

 

 

$

7,432

 

 

$

5,629

 

 

$

5,474

 

Severance costs

 

 

 

 

 

 

 

 

 

 

 

265

 

 

 

 

Writedown of bank premises

 

 

 

 

 

 

 

 

 

 

 

 

 

 

197

 

Loss on sales of securities

 

 

 

 

 

 

 

 

401

 

 

 

454

 

 

 

425

 

Income tax benefit

 

 

 

 

 

 

 

 

(77

)

 

 

(143

)

 

 

(129

)

Operating net income

 

$

7,978

 

 

$

6,613

 

 

$

7,756

 

 

$

6,205

 

 

$

5,967

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average diluted shares

 

 

17,448,945

 

 

 

17,509,059

 

 

 

17,531,808

 

 

 

17,587,902

 

 

 

17,551,007

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted earnings per diluted share

 

$

0.46

 

 

$

0.38

 

 

$

0.44

 

 

$

0.35

 

 

$

0.34

 

 

 

 

 

 

 

 

 

 

 

 

Operating return on average assets reconciliation

 

 

 

 

 

 

 

 

 

 

Return on average assets (GAAP)

 

 

1.02

%

 

 

0.85

%

 

 

0.95

%

 

 

0.74

%

 

 

0.73

%

Severance costs

 

 

 

 

 

 

 

 

 

 

 

0.03

 

 

 

 

Writedown of bank premises

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.03

 

Loss on sales of securities

 

 

 

 

 

 

 

 

0.05

 

 

 

0.06

 

 

 

0.06

 

Tax effect of adjustment items

 

 

 

 

 

 

 

 

(0.01

)

 

 

(0.02

)

 

 

(0.02

)

Operating return on average assets

 

 

1.02

%

 

 

0.85

%

 

 

0.99

%

 

 

0.81

%

 

 

0.80

%

 

 

 

 

 

 

 

 

 

 

 

Operating return on average equity reconciliation

 

 

 

 

 

 

 

 

 

 

Return on average equity (GAAP)

 

 

11.14

%

 

 

9.63

%

 

 

10.71

%

 

 

8.33

%

 

 

8.46

%

Severance costs

 

 

 

 

 

 

 

 

 

 

 

0.39

 

 

 

 

Writedown of bank premises

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.30

 

Loss on sales of securities

 

 

 

 

 

 

 

 

0.58

 

 

 

0.67

 

 

 

0.66

 

Tax effect of adjustment items

 

 

 

 

 

 

 

 

(0.11

)

 

 

(0.21

)

 

 

(0.20

)

Operating return on average equity

 

 

11.14

%

 

 

9.63

%

 

 

11.18

%

 

 

9.18

%

 

 

9.22

%

 

 

 

 

 

 

 

 

 

 

 

Tangible book value per common share reconciliation

 

 

 

 

 

 

 

 

Book value per common share (GAAP)

 

$

16.87

 

 

$

16.41

 

 

$

15.91

 

 

$

15.73

 

 

$

15.09

 

Effect of goodwill and other intangibles

 

 

(3.14

)

 

 

(2.95

)

 

 

(2.96

)

 

 

(2.97

)

 

 

(2.99

)

Tangible book value per common share

 

$

13.73

 

 

$

13.46

 

 

$

12.95

 

 

$

12.76

 

 

$

12.10

 

 

 

 

 

 

 

 

 

 

 

 

Tangible equity to tangible assets reconciliation

 

 

 

 

 

 

 

 

 

 

Equity to assets (GAAP)

 

 

9.43

%

 

 

9.05

%

 

 

8.96

%

 

 

9.01

%

 

 

8.80

%

Effect of goodwill and other intangibles

 

 

(1.62

)

 

 

(1.51

)

 

 

(1.54

)

 

 

(1.58

)

 

 

(1.62

)

Tangible equity to tangible assets

 

 

7.81

%

 

 

7.54

%

 

 

7.42

%

 

 

7.43

%

 

 

7.18

%

 

 

 

 

 

 

 

 

 

 

 

Operating efficiency ratio calculation

 

 

 

 

 

 

 

 

 

 

Efficiency ratio (GAAP)

 

 

67.74

%

 

 

67.41

%

 

 

69.11

%

 

 

72.79

%

 

 

72.85

%

Severance costs

 

 

 

 

 

 

 

 

 

 

 

(0.93

)

 

 

 

Writedown of bank premises

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.71

)

Loss on sales of securities

 

 

 

 

 

 

 

 

(1.31

)

 

 

(1.59

)

 

 

(1.52

)

Operating efficiency ratio

 

 

67.74

%

 

 

67.41

%

 

 

67.80

%

 

 

70.27

%

 

 

70.62

%

 

 

 

 

 

 

 

 

 

 

 

Operating net noninterest expense (1) to average assets calculation

 

 

 

 

 

 

 

 

Net noninterest expense to average assets

 

 

1.52

%

 

 

1.44

%

 

 

1.40

%

 

 

1.41

%

 

 

1.45

%

Severance costs

 

 

 

 

 

 

 

 

 

 

 

(0.03

)

 

 

 

Writedown of bank premises

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.03

)

Loss on sales of securities

 

 

 

 

 

 

 

 

(0.05

)

 

 

(0.06

)

 

 

(0.06

)

Operating net noninterest expense to average assets

 

 

1.52

%

 

 

1.44

%

 

 

1.35

%

 

 

1.32

%

 

 

1.36

%

 

 

 

 

 

 

 

 

 

 

 

Pre-provision net revenue

 

 

 

 

 

 

 

 

 

 

Net interest income before provision for credit losses

 

$

22,385

 

 

$

20,952

 

 

$

20,472

 

 

$

18,541

 

 

$

18,409

 

Noninterest income

 

 

10,098

 

 

 

9,044

 

 

 

10,309

 

 

 

10,082

 

 

 

9,497

 

Total income

 

 

32,483

 

 

 

29,996

 

 

 

30,781

 

 

 

28,623

 

 

 

27,906

 

Noninterest expense

 

 

22,004

 

 

 

20,221

 

 

 

21,272

 

 

 

20,835

 

 

 

20,330

 

Pre-provision net revenue

 

$

10,479

 

 

$

9,775

 

 

$

9,509

 

 

$

7,788

 

 

$

7,576

 

(1) Net noninterest expense is defined as noninterest expense less noninterest income.

 

 

 

 

 

 

 

 

 

 

 

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Colony Bankcorp, Inc.

Selected Financial Information

 

 

2025

 

2024

(dollars in thousands, except per share data)

 

Second
Quarter

 

First
Quarter

 

Fourth
Quarter

 

Third
Quarter

 

Second
Quarter

EARNINGS SUMMARY

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

22,385

 

 

$

20,952

 

 

$

20,472

 

 

$

18,541

 

 

$

18,409

 

Provision for credit losses

 

 

450

 

 

 

1,500

 

 

 

650

 

 

 

750

 

 

 

650

 

Noninterest income

 

 

10,098

 

 

 

9,044

 

 

 

10,309

 

 

 

10,082

 

 

 

9,497

 

Noninterest expense

 

 

22,004

 

 

 

20,221

 

 

 

21,272

 

 

 

20,835

 

 

 

20,330

 

Income taxes

 

 

2,051

 

 

 

1,662

 

 

 

1,427

 

 

 

1,409

 

 

 

1,452

 

Net income

 

$

7,978

 

 

$

6,613

 

 

$

7,432

 

 

$

5,629

 

 

$

5,474

 

PERFORMANCE MEASURES

 

 

 

 

 

 

 

 

 

 

Per common share:

 

 

 

 

 

 

 

 

 

 

Common shares outstanding

 

17,416,702

 

 

17,481,709

 

 

17,519,884

 

 

17,554,884

 

 

17,538,611

Weighted average basic shares

 

17,448,945

 

 

17,509,059

 

 

17,531,808

 

 

17,587,902

 

 

17,551,007

Weighted average diluted shares

 

 

17,448,945

 

 

17,509,059

 

 

17,531,808

 

 

17,587,902

 

 

17,551,007

Earnings per basic share

 

$

0.46

 

 

$

0.38

 

 

$

0.42

 

 

$

0.32

 

 

$

0.31

 

Earnings per diluted share

 

 

0.46

 

 

 

0.38

 

 

 

0.42

 

 

 

0.32

 

 

 

0.31

 

Adjusted earnings per diluted share (b)

 

 

0.46

 

 

 

0.38

 

 

 

0.44

 

 

 

0.35

 

 

 

0.34

 

Cash dividends declared per share

 

 

0.1150

 

 

 

0.1150

 

 

 

0.1125

 

 

 

0.1125

 

 

 

0.1125

 

Common book value per share

 

 

16.87

 

 

 

16.41

 

 

 

15.91

 

 

 

15.73

 

 

 

15.09

 

Tangible book value per common share (b)

 

 

13.73

 

 

 

13.46

 

 

 

12.95

 

 

 

12.76

 

 

 

12.10

 

Pre-provision net revenue (b)

 

$

10,479

 

 

$

9,775

 

 

$

9,509

 

 

$

7,788

 

 

$

7,576

 

Performance ratios:

 

 

 

 

 

 

 

 

 

 

Net interest margin (a)

 

 

3.12

%

 

 

2.93

%

 

 

2.84

%

 

 

2.64

%

 

 

2.68

%

Return on average assets

 

 

1.02

 

 

 

0.85

 

 

 

0.95

 

 

 

0.74

 

 

 

0.73

 

Operating return on average assets (b)

 

 

1.02

 

 

 

0.85

 

 

 

0.99

 

 

 

0.81

 

 

 

0.80

 

Return on average total equity

 

 

11.14

 

 

 

9.63

 

 

 

10.71

 

 

 

8.33

 

 

 

8.46

 

Operating return on average total equity (b)

 

 

11.14

 

 

 

9.63

 

 

 

11.18

 

 

 

9.18

 

 

 

9.22

 

Total equity to total assets

 

 

9.43

 

 

 

9.05

 

 

 

8.96

 

 

 

9.01

 

 

 

8.80

 

Tangible equity to tangible assets (b)

 

 

7.81

 

 

 

7.54

 

 

 

7.42

 

 

 

7.43

 

 

 

7.18

 

Efficiency ratio

 

 

67.74

 

 

 

67.41

 

 

 

69.11

 

 

 

72.79

 

 

 

72.85

 

Operating efficiency ratio (b)

 

 

67.74

 

 

 

67.41

 

 

 

67.80

 

 

 

70.27

 

 

 

70.62

 

Net noninterest expense to average assets

 

 

1.52

 

 

 

1.44

 

 

 

1.40

 

 

 

1.41

 

 

 

1.45

 

Operating net noninterest expense to average assets (b)

 

 

1.52

 

 

 

1.44

 

 

 

1.35

 

 

 

1.32

 

 

 

1.36

 

ASSET QUALITY

 

 

 

 

 

 

 

 

 

 

Nonperforming portfolio loans

 

$

4,760

 

 

$

7,538

 

 

$

5,024

 

 

$

6,273

 

 

$

3,653

 

Nonperforming SBA government loans-guaranteed portion

 

 

4,583

 

 

 

3,647

 

 

 

4,293

 

 

 

4,514

 

 

 

2,309

 

Nonperforming SBA government loans-unguaranteed portion

 

 

1,241

 

 

 

1,271

 

 

 

1,343

 

 

 

1,428

 

 

 

707

 

Loans 90 days past due and still accruing

 

 

107

 

 

 

22

 

 

 

152

 

 

 

44

 

 

 

41

 

Total nonperforming loans (NPLs)

 

 

10,691

 

 

 

12,478

 

 

 

10,812

 

 

 

12,259

 

 

 

6,710

 

Other real estate owned

 

 

710

 

 

 

522

 

 

 

202

 

 

 

227

 

 

 

582

 

Repossessed assets