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Colony Bankcorp Inc. (CBAN) filed Quarterly Report for the period ended 2011-09-30.
Colony Bankcorp Inc. has a market cap of $19.4 million; its shares were traded at around $2.3 with a P/E ratio of 21 and P/S ratio of 0.3.
This is the annual revenues and earnings per share of CBAN over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CBAN.
Highlight of Business Operations:
The Company s results of operations are determined by its ability to effectively manage interest income and expense, to minimize loan and investment losses, to generate noninterest income and to control noninterest expense. Since market forces and economic conditions beyond the control of the Company determine interest rates, the ability to generate net interest income is dependent upon the Company s ability to obtain an adequate spread between the rate earned on earning assets and the rate paid on interest-bearing liabilities. Thus, the key performance for net interest income is the interest margin or net yield, which is taxable-equivalent net interest income divided by average earning assets. Net income available to shareholders totaled $208 thousand, or $0.02 diluted per common share, in three months ended September 30, 2011 compared to net loss available to shareholders of $(1,384) thousand, or $(0.16) diluted per common share, in three months ended September 30, 2010. Net income available to shareholders totaled $1,103 thousand, or $0.13 diluted per common share, in nine months ended September 30, 2011 compared to net loss available to shareholders of $(879) thousand, or $(0.11) diluted per common share, in nine months ended September 30, 2010.Net interest income is the difference between interest income on earning assets, such as loans and securities, and interest expense on liabilities, such as deposits and borrowings, which are used to fund those assets. Net interest income is the Company s largest source of revenue, representing 78.41 percent of total revenue for nine months ended September 30, 2011 and 79.69 percent for the same period a year ago.
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