I followed framer52's advice on rocking it and cutting the nails. The column is out. It wasn't offering any support at all.
Unfortunately, I need a new column. This one has soft spots of rot about 6-8 inches up from the bottom. The column is also what appears to be three 2x6's glued together to make a 6x6 square, then turned on a wood lathe to make the shape. As I was carrying it to the garage, the glue let go on part of it and it started to split. I could glue and screw it back together, but like I said, it has some rot.
When I put the new column in, I will put it under a beam, just be safe.
Edit. I didn't realize it was getting so late in the day. (2hrs of sunlight left). I haven't pulled the old soffit down yet, so I will do that tomorrow. I've been cutting and fitting the fascia boards in between primer / paint coats on the new soffit board. I'll probably tack up the fascia's to keep critters out overnight, then get started at sun up tomorrow morning. This will also give me some time to go to the local hardware stores and see if I can find a matching column.
Why has it taken me all day to do this little job? I have a girlfriend who won't stop asking questions and worrying that the house is going to fall down.