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<!--Created on: 6/26/2026 3:48:09 AM-->
<!--Modified on: 6/26/2026 3:48:09 AM-->
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  <xsd:element name="Fidelity500IndexFundMember" id="cban_Fidelity500IndexFundMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="JpMorganEquityIncomeR6FdMember" id="cban_JpMorganEquityIncomeR6FdMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="T.RowePriceBiChipGrIFdMember" id="cban_T.RowePriceBiChipGrIFdMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AllspringSpecMCapValueR6Member" id="cban_AllspringSpecMCapValueR6Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="BlackrockMidCapGrEqKFdMember" id="cban_BlackrockMidCapGrEqKFdMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FidelityMidCapIndexFundMember" id="cban_FidelityMidCapIndexFundMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FidelitySmallCapIndexFundMember" id="cban_FidelitySmallCapIndexFundMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="JpMorganUndiscMgrsBehavValueR6Member" id="cban_JpMorganUndiscMgrsBehavValueR6Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ClearbridgeSmallCapGrIsFundMember" id="cban_ClearbridgeSmallCapGrIsFundMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AmericanFundsNewworldR6Member" id="cban_AmericanFundsNewworldR6Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MfsResearchIntlR6FundMember" id="cban_MfsResearchIntlR6FundMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="VanguardDevMktsIndexAdmFdMember" id="cban_VanguardDevMktsIndexAdmFdMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ColonyBankcorpInc.Member" id="cban_ColonyBankcorpInc.Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PrincipalRealEstateInvestmentMember" id="cban_PrincipalRealEstateInvestmentMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FirstPortionOfSalaryDeductionsMember" id="cban_FirstPortionOfSalaryDeductionsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SecondPortionOfSalaryDeductionsMember" id="cban_SecondPortionOfSalaryDeductionsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="EmployeeBenefitPlanElectiveEmployeeDeferredContributionsMinimumServicePeriod" id="cban_EmployeeBenefitPlanElectiveEmployeeDeferredContributionsMinimumServicePeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanParticipantContributionAutomaticIncreaseInDeferralRate" id="cban_EmployeeBenefitPlanParticipantContributionAutomaticIncreaseInDeferralRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanParticipantContributionAutomaticMaximumDeferralRate" id="cban_EmployeeBenefitPlanParticipantContributionAutomaticMaximumDeferralRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanEmployerMatchingContributionMinimumAge" id="cban_EmployeeBenefitPlanEmployerMatchingContributionMinimumAge" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanEmployerMatchingContributionMinimumServicePeriod" id="cban_EmployeeBenefitPlanEmployerMatchingContributionMinimumServicePeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanNonElectiveContributionMinimumAge" id="cban_EmployeeBenefitPlanNonElectiveContributionMinimumAge" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanNonElectiveContributionMinimumServicePeriod" id="cban_EmployeeBenefitPlanNonElectiveContributionMinimumServicePeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanNonElectiveContributionMinimumHoursOfService" id="cban_EmployeeBenefitPlanNonElectiveContributionMinimumHoursOfService" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanEmployerNonElectiveContributionAmount" id="cban_EmployeeBenefitPlanEmployerNonElectiveContributionAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="EmployeeBenefitPlanEmployerMatchingContributionPercentageOnParticipantContribution" id="cban_EmployeeBenefitPlanEmployerMatchingContributionPercentageOnParticipantContribution" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanAfterTwoYearsOfServiceMember" id="cban_EmployeeBenefitPlanAfterTwoYearsOfServiceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="EmployeeBenefitPlanAfterThreeYearsOfServiceMember" id="cban_EmployeeBenefitPlanAfterThreeYearsOfServiceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="EmployeeBenefitPlanAfterFourYearsOfServiceMember" id="cban_EmployeeBenefitPlanAfterFourYearsOfServiceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="EmployeeBenefitPlanAfterFiveYearsOfServiceMember" id="cban_EmployeeBenefitPlanAfterFiveYearsOfServiceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="EmployeeBenefitPlanAfterSixYearsOfServiceMember" id="cban_EmployeeBenefitPlanAfterSixYearsOfServiceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="EmployeeBenefitPlanVestingPercentage" id="cban_EmployeeBenefitPlanVestingPercentage" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanNoteReceivableFromParticipantMaximumTerm" id="cban_EmployeeBenefitPlanNoteReceivableFromParticipantMaximumTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanNoteReceivableFromParticipantBasisSpreadOnPrimeRate" id="cban_EmployeeBenefitPlanNoteReceivableFromParticipantBasisSpreadOnPrimeRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="InvestmentOptionsNumberOfAccountsOfferedByPlan" id="cban_InvestmentOptionsNumberOfAccountsOfferedByPlan" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanContributionsAllowanceForCreditLoss" id="cban_EmployeeBenefitPlanContributionsAllowanceForCreditLoss" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractMinimumCreditingRate" id="cban_EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractMinimumCreditingRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractMarketValueAdjustmentsOrSurrenderChargeAdjustments" id="cban_EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractMarketValueAdjustmentsOrSurrenderChargeAdjustments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractHoldingPeriodForEquityWash" id="cban_EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractHoldingPeriodForEquityWash" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractCreditRiskReserve" id="cban_EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractCreditRiskReserve" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractUnfundedCommitments" id="cban_EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractUnfundedCommitments" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractSurrenderCharge" id="cban_EmployeeBenefitPlanFullyBenefitResponsiveInvestmentContractSurrenderCharge" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanSurrenderChargeExcessPercentageOnAccumulatedWithdrawal" id="cban_EmployeeBenefitPlanSurrenderChargeExcessPercentageOnAccumulatedWithdrawal" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanParticipantWithdrawalsThresholdAge" id="cban_EmployeeBenefitPlanParticipantWithdrawalsThresholdAge" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanFairValueInvestmentNavTableTextBlock" id="cban_EmployeeBenefitPlanFairValueInvestmentNavTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="EmployeeBenefitPlanInterestBearingMoneyMarketAccountFairValue" id="cban_EmployeeBenefitPlanInterestBearingMoneyMarketAccountFairValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="JpMorganUsGovtMmktCapClMember" id="cban_JpMorganUsGovtMmktCapClMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="EmployeeBenefitPlanInvestmentExcludingInterestBearingMoneyMarketAccountAndPlanInterestInMasterTrustFairValue" id="cban_EmployeeBenefitPlanInvestmentExcludingInterestBearingMoneyMarketAccountAndPlanInterestInMasterTrustFairValue" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
</xsd:schema>
