What is Colony Bankcorp Financial Strength?
Colony Bankcorp has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.
Warning Sign:
Colony Bankcorp Inc displays poor financial strength. Usually, this is caused by too much debt for the company.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate Colony Bankcorp's interest coverage with the available data.
Colony Bankcorp's debt to revenue ratio for the quarter that ended in Dec. 2023 was 2.12.
Altman Z-Score does not apply to banks and insurance companies.
Colony Bankcorp Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Colony Bankcorp's Interest Expense for the
months ended in Dec. 2023 was $-14.3 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $238.4 Mil.
Colony Bankcorp's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Colony Bankcorp's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Colony Bankcorp (Colony Bankcorp) Business Description
Traded in Other Exchanges
N/A
Address
115 South Grant Street, Fitzgerald, GA, USA, 31750
Colony Bankcorp Inc is a bank holding company. The bank provides a broad range of banking services to its retail and commercial customers. Its product line includes loans to small and medium-sized businesses, residential and commercial construction and land development loans, commercial real estate loans, agri-business and production loans, residential mortgage loans, consumer loans, and a variety of demand, savings, and time deposit products. The company's segments include banking, mortgage banking, and small business specialty lending division. It generates maximum revenue from the banking segment.
Executives
| Harold Wyatt |
director |
115 S GRANT STREET, P. O. BOX 989, FITZGERALD GA 31750 |
| Matthew D. Reed |
director |
115 S. GRANT ST., P.O. BOX 989, FITZGERALD GA 31750 |
| Lee Bagwell |
officer: Executive VP |
1000 LEE AVENUE, DOUGLAS GA 31533 |
| Bateman Leonard H Jr |
officer: EVP & Chief Credit Officer |
101 CALUMET CENTER ROAD, LAGRANGE GA 30241 |
| Audrey Hollingsworth |
director |
115 S GRANT STREET, P O BOX 989, FITZGERALD GA 31750 |
| Scott Lowell Downing |
director |
238 NEWCOMER TRAIL, FITZGERALD GA 31750 |
| Kimberly C. Dockery |
officer: Exec. Chief Admin Officer |
P.O. BOX 920, LEESBURG GA 31763 |
| T Heath Fountain |
director, officer: President and CEO |
C/O COLONY BANKCORP, INC., 115 S. GRANT ST. P.O. BOX 989, FITZGERALD GA 31750 |
| Copeland R Dallis Jr |
officer: President |
115 S GRANT STREET, P O BOX 989, FITZGERALD GA 31750 |
| Hoyle M. Edward Jr. |
officer: Chief Banking Officer, EVP |
115 SOUTH GRANT STREET, FITZGERALD GA 31750 |
| David Andrew Borrmann |
officer: EVP |
P.O. BOX 17465, GREENVILLE SC 29606 |
| Meagan M. Mowry |
director |
115 S GRANT ST., P.O. BOX 989, FITZGERALD GA 31750 |
| Brian D Schmitt |
director, other: Executive Vice Chairman |
115 S GRANT STREET, FITZGERALD GA 31750 |
| M Frederick Dwozan |
director |
718 MEDICAL CENTER DRIVE, EASTMAN GA 31023-6736 |
| Loomis Edward Percy Jr |
director |
115 S GRANT STREET, FITZGERALD GA 31750 |
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