Colony Bankcorp, Inc. (CBAN) reported second-quarter net income available to common shareholders of $0.4 million or $0.05 per share, up from $0.2 million or $0.02 per share in the year-ago comparable quarter.
Net interest income for the latest quarter rose to $9.1 million from $8.6 million in the same period last year, while non-interest income for the quarter declined to $2.4 million from $2.7 million a year ago.
Net interest margin for the quarter was 3.39 percent, compared to 2.97 percent last year. Provision for loan losses decreased to $1.9 million from $2.3 million last year.
For comments and feedback: editorial@rttnews.com