Colony Bank is headquartered in FITZGERALD and is the 5th largest bank in the state of Georgia. It is also the 392nd largest bank in the nation. It was established in 1976 and as of March of 2023, it had grown to 496 employees at 28 locations. Colony Bank has an A health rating.
I have banked at my local bank for several years. The bank has grown a bit in this time but is still a local institution that I enjoy doing business with. I feel that their rates and fees are pretty much in line with competitors in the area. The website and mobile apps could be a little more user friendly in my opinion. Customer service has always been good with the exception of one teller who simply never has a smile or kind word to say.
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.
Overall | |
---|---|
FDIC Certificate # | 22257 |
Year Established | 1976 |
Employees | 496 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.74% |
Return on Equity - YTD | 8.72% |
Annual Interest Income | $28.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2023vs Q1 2022 | $2.99B$2.68B |
Loans | Q1 2023vs Q1 2022 | $1.80B$1.37B |
Deposits | Q1 2023vs Q1 2022 | $2.56B$2.39B |
Equity Capital | Q1 2023vs Q1 2022 | $257.7MM$236.4MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $16.6MM$12.9MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $5.6MM$6.2MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $651.00K$246.00K |
Sorry, we do not have rate data for Colony Bank.