* The bank agreed to acquire **First Reliance** in a stock-and-cash deal valued at about **$163 million**, targeting a **fourth-quarter 2026** close. * Provision for credit losses rose to **$1.9 million** from **$450,000**. * Net charge-offs increased to **$1.8 million** from **$1 million**. * Colony Bankcorp posted net income of **$10.9 million** in the quarter ended June 30, 2026, rising from **$8 million** a year earlier. * Diluted EPS increased to **$0.51** from **$0.46**, supported by higher loan interest income and stronger noninterest income. * Net interest income on a fully taxable equivalent basis climbed to **$30 million** from **$22.6 million**; net interest margin widened **40 basis points** to **3.52%**.
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