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Overview / Commentary
302 South Main Street
Fitzgerald, GA 31750

Colony Bank is headquartered in Fitzgerald and is the 13st largest bank in the state of Georgia. It is also the 592nd largest bank in the nation. It was established in 1976 and as of March of 2014, it had grown to 311 employees at 29 locations. Colony Bank has a B health rating.

Reviews (1)

Cashing Checks

The biggest gripe with Colony Bank is dealing with cashing checks. No matter what kind of check, even a government issued check in the account holder's name is difficult to cash. If the account holder does not have the funds in their own account to cover the check, Colony Bank will not cash the check. This practise negates the whole purpose of checks. Colony bank wants the account holder to deposite the check in their account.

The staff are very friendly.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Colony Bank had $38.11 million in non-current loans and owned real-estate with $128.76 million in equity and loan loss allowances on hand to cover it. This gives Colony Bank a Texas Ratio of 29.60% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Colony Bank experienced no significant changes from 29.22% as of March 31, 2013 to 29.60% as of March 31, 2014, resulting in a negative change of 1.29%. This indicates that the balance sheet and financial strength for Colony Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Colony Bank has increased its total deposits by $22.69 million, resulting in 2.37% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Colony Bank has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Colony Bank has $1.14 billion in assets with $128.76 million in equity, resulting in a capitalization level of 11.31%, which is excellent.

Institution Statistics

FDIC Certificate #22257
Year Established1976
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.14 billion
Loans$726.13 million
Deposits$978.12 million
Equity Capital$117.05 million
Loan Loss Allowance$11.71 million
Unbacked Noncurrent Loans$23.89 million
Real Estate Owned$14.23 million
Historic Data - March 2013
Assets$1.12 billion
Equity Capital$117.65 million
Loan Loss Allowance$12.93 million
Unbacked Noncurrent Loans$23.89 million
Real Estate Owned$18.77 million
Profit Margin - Quarterly
Net Interest Margin3.57%
Return on Assets0.57%
Return on Equity5.68%
Interest Income$10.95 million

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Colony Bank has 29 locations. Click to view all Colony Bank locations.