Kimberly Dockery
About Kimberly Dockery
Kimberly C. Dockery, age 42, is Executive Vice President and Chief of Staff at Colony Bankcorp, Inc. (CBAN), a role she has held since September 2022; she previously served as EVP and Chief Administrative Officer from July 2018. Prior to CBAN, she was Chief Administrative Officer at Planters First Bank (2015–2018) and held management reporting and banking roles at Heritage Financial Group (2007–2015) . She is part of CBAN’s executive leadership team as EVP, Chief of Staff, with 7 years at the company as of Q3 2025 . Company performance during her tenure improved on multiple metrics: CBAN’s TSR (value of initial $100) rose from 104.81 (2023) to 121.35 (2024) and net income increased from $21.747m (2023) to $23.868m (2024) .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Colony Bankcorp, Inc. | EVP, Chief of Staff | Sep 2022–present | Not disclosed |
| Colony Bankcorp, Inc. | EVP, Chief Administrative Officer | Jul 2018–Sep 2022 | Not disclosed |
| Planters First Bank | Chief Administrative Officer | 2015–2018 | Not disclosed |
| Heritage Financial Group | Management Reporting and Banking Officer | 2007–2015 | Not disclosed |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | — | — | None disclosed in CBAN filings |
Fixed Compensation
- Dockery is not listed among CBAN’s Named Executive Officers (NEOs) in the 2025 proxy; her base salary, target bonus, and perquisites are not individually disclosed in the Summary Compensation Table .
- For context, CBAN discloses 2025 base salaries only for NEOs (CEO $535k; President $380k; Chief Credit Officer $255k) and describes pay structures and philosophy broadly; these figures are not specific to Dockery .
Performance Compensation
2024 annual incentive framework (used to determine 2025 payouts) for NEOs; CBAN does not disclose Dockery’s individual target/actual:
| Metric | Weighting | Target | Notes |
|---|---|---|---|
| Operating ROAA | 25% | > 0.83% | Company-wide metric |
| Operating EPS | 25% | > $1.44 | Company-wide metric |
| Organic customer deposit growth (net) | 20% | > $49.418 million | Company-wide metric |
| Net operating non-interest expense / avg assets (Net NIE) | 20% | < 1.39% | Company-wide metric |
| Individual performance goals | 10% | Not disclosed | Company-wide framework |
- Incentives awarded in 2025 based on 2024 performance: 80% paid in cash in 2025; remaining 20% scheduled for 2026 for NEOs (no Dockery-specific detail) .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total beneficial ownership | 39,821 CBAN shares; 0.23% of outstanding as of Mar 28, 2025 |
| Vested vs. unvested shares | Not disclosed for Dockery (outstanding equity awards table covers NEOs only) |
| Options (exercisable/unexercisable) | Not disclosed for Dockery |
| Shares pledged as collateral | No pledging disclosure specific to Dockery; company policy prohibits hedging/short-selling and restricts margin purchases (policy-level) |
| Ownership guidelines | Not disclosed; company notes insider ownership and alignment via ESOP, equity plan, 401(k) (policy-level) |
| Insider trading/blackouts | Insider Trading Policy prohibits trading during blackout periods and requires pre-clearance by General Counsel for covered persons |
| Clawback policy | NYSE Rule 10D-1 compliant; executive officers subject to recovery of erroneously awarded compensation after restatements |
Employment Terms
| Provision | Dockery-specific status | Notes |
|---|---|---|
| Employment agreement | Not disclosed | 2025 proxy details agreements only for CEO, President, and Chief Credit Officer |
| Severance (no CIC) | Not disclosed | NEO severance disclosed; no Dockery-specific terms |
| Change-in-control (CIC) | Not disclosed | NEO CIC multiples disclosed; no Dockery-specific terms |
| Non-compete / non-solicit | Not disclosed | NEO agreements include 12-month post-termination covenants; no Dockery-specific terms |
| Clawback applicability | Applies at executive officer level | Company-wide policy applies to executive officers |
Performance & Track Record (Company context during Dockery’s tenure)
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Company TSR (value of $100) | 75.10 | 104.81 | 121.35 |
| Net Income ($) | 19,542,000 | 21,747,000 | 23,868,000 |
Q3 2025 operating trends:
| Metric | Q3 2024 | Q2 2025 | Q3 2025 |
|---|---|---|---|
| Net Interest Margin | 2.64% | 3.12% | 3.17% |
| Operating ROAA | 0.81% | 1.02% | 1.06% |
| Adjusted EPS | $0.35 | $0.46 | $0.47 |
Governance, Policies, and Risk Indicators (Relevant to compensation alignment)
- Talent Management & Compensation Committee: Independent directors (Hollingsworth—Chair, Downing, Massee), met 8 times in 2024; CEO recommends comp for executives other than himself .
- Hedging/Margin: Prohibits speculative trading, short-selling, derivatives in company securities; restricts buying on margin; blackout and preclearance rules apply .
- Clawback: NYSE-compliant policy to recover erroneously awarded compensation from executive officers upon restatement .
- Say-on-Pay: Board recommends annual advisory vote; proposal presented for 2025 meeting (no historical approval percentages disclosed) .
- Legal/related-party: No material legal proceedings disclosed; insider and related-party lending conducted on market terms and within regulations; aggregate insider indebtedness $4,038,375.34 as of Dec 31, 2024 (individual recipient details not provided) .
- Section 16 compliance: One late Form 4 noted for President (Copeland); no issues disclosed for Dockery .
Compensation Structure Analysis (Pay-for-performance levers)
- Incentive metrics emphasize profitability, earnings power, disciplined expense management, and organic deposit growth with explicit thresholds and weights, aligning management pay with core banking value drivers (ROAA, EPS, Net NIE, deposit growth) .
- Equity is granted as restricted stock with time-based vesting to promote retention and alignment; Committee states it does not time awards around MNPI and adheres to clawback protocols .
- Company prohibits hedging and restricts margin purchases, supporting alignment by limiting risk management strategies that could decouple executive exposure from shareholder outcomes .
Investment Implications
- Alignment: Dockery holds 39,821 shares (0.23%), providing tangible alignment; company prohibitions on hedging/margin and the clawback framework further support shareholder alignment, though the absence of a disclosed ownership guideline for her is a transparency gap .
- Retention and overhang: Dockery’s individual base salary, target bonus, equity grants, and severance/CIC protections are not disclosed (she is not an NEO), limiting visibility into retention risk and potential change-in-control economics; equity retention incentives likely exist via time-vested RSUs, but Dockery-specific vesting schedules are not disclosed .
- Performance linkage: Company incentive plan metrics (ROAA, EPS, deposit growth, efficiency) and improving TSR/net income suggest an explicit pay-for-performance design at the enterprise level; without Dockery’s individual targets/outcomes, attribution to her compensation cannot be assessed directly .
- Trading signals: No pledging disclosure specific to Dockery; insider trading policy with blackout/preclearance reduces opportunistic trading risk. Absence of Form 4 detail in the proxy limits assessment of recent sales vs. vesting-related tax withholdings for her; monitor future Form 4s for sell pressure around vest dates .