Colony Bank is headquartered in Fitzgerald and is the 13th largest bank in the state of Georgia. It is also the 625th largest bank in the nation. It was established in 1976 and as of March of 2016, it had grown to 310 employees at 26 locations. Colony Bank has a B+ health rating.
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.
|FDIC Certificate #||22257|
|Return on Assets - YTD||0.78%|
|Return on Equity - YTD||7.77%|
|Annual Interest Income||$11.1MM|
|Assets and Liabilities|
|Assets||Q1 2016vs Q1 2015||$1.17B$1.15B|
|Loans||Q1 2016vs Q1 2015||$744.4MM$744.9MM|
|Deposits||Q1 2016vs Q1 2015||$1.00B$990.7MM|
|Equity Capital||Q1 2016vs Q1 2015||$119.6MM$118.5MM|
|Loan Loss Allowance||Q1 2016vs Q1 2015||$9.5MM$8.4MM|
|Unbacked Noncurrent Loans||Q1 2016vs Q1 2015||$11.7MM$14.4MM|
|Real Estate Owned||Q1 2016vs Q1 2015||$9.6MM$12.0MM|
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