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Financial Information of Colony Bankcorp, Inc. (Parent Only) | 9 Months Ended
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Sep. 30, 2011
Financial Information of Colony Bankcorp, Inc. (Parent Only) [Abstract] |
Financial Information of Colony Bankcorp, Inc. (Parent Only) | (21) Financial Information of Colony Bankcorp, Inc. (Parent Only) The parent company's balance sheets as of September 30, 2011 and December 31, 2010 and the related statements of income and comprehensive income and cash flows are as follows:
COLONY BANKCORP, INC. (PARENT ONLY)
BALANCE SHEETS
SEPTEMBER 30, 2011 AND DECEMBER 31, 2010
(DOLLARS IN THOUSANDS)
ASSETS |  | September 30, 2011 |  |  | December 31, 2010 |
|  | (Unaudited) |  |  | (Audited) |
Cash |  | $ | 1,187 |  |  | $ | 3,173 |
Premises and Equipment, Net |  |  | 1,401 |  |  |  | 1,478 |
Investment in Subsidiaries, at Equity |  |  | 119,052 |  |  |  | 112,389 |
Other |  |  | 856 |  |  |  | 484 |
Totals Assets |  | $ | 122,496 |  |  | $ | 117,524 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |
Dividends Payable |  |  | 175 |  |  | $ | 175 |
Other |  |  | 161 |  |  |  | 162 |
|  |  | 336 |  |  |  | 337 |
Subordinated Debt |  |  | 24,229 |  |  |  | 24,229 |
Stockholders' Equity |  |  |  |  |  |  |  |
Preferred Stock, Par Value $1,000 a Share; Authorized 10,000,000Shares, Issued 28,000 Shares as of September 30, 2011 |  |  | 27,623 |  |  |  | 27,506 |
Common Stock, Par Value $1 a Share; Authorized 20,000,000Shares, Issued 8,442,258 and 8,442,958 Shares as of September 30, 2011 and December 31, 2010, Respectively |  |  | 8,442 |  |  |  | 8,443 |
Paid-In Capital |  |  | 29,166 |  |  |  | 29,171 |
Retained Earnings |  |  | 29,466 |  |  |  | 28,479 |
Restricted Stock - Unearned Compensation |  |  | (10 | ) |  |  | (41 | )
Accumulated Other Comprehensive Loss, Net of Tax |  |  | 3,244 |  |  |  | (600 | )
|  |  | 97,931 |  |  |  | 92,958 |
Total Liabilities and Stockholders' Equity |  | $ | 122,496 |  |  | $ | 117,524 |
COLONY BANKCORP, INC. (PARENT ONLY)
STATEMENT OF INCOME
NINE MONTHS ENDED SEPTEMBER 30, 2011 AND 2010
(UNAUDITED)
(DOLLARS IN THOUSANDS)
|  | SEPTEMBER 30, 2011 |  |  | SEPTEMBER 30, 2010 |
Income |  |  |  |  |  |
Dividends from Subsidiaries |  | $ | 11 |  |  | $ | 12 |
Management Fees |  |  | 379 |  |  |  | 341 |
Other |  |  | 75 |  |  |  | 91 |
|  |  | 465 |  |  |  | 444 |
Expenses |  |  |  |  |  |  |  |
Interest |  |  | 376 |  |  |  | 389 |
Salaries and Employee Benefits |  |  | 563 |  |  |  | 583 |
Other |  |  | 537 |  |  |  | 572 |
|  |  | 1,476 |  |  |  | 1,544 |
Income (Loss) Before Taxes and Equity in Undistributed |  |  |  |  |  |  |  |
Earnings of Subsidiaries |  |  | (1,011 | ) |  |  | (1,100 | )
Income Tax (Benefits) |  |  | (345 | ) |  |  | (412 | )
Income (Loss) Before Equity in Undistributed |  |  |  |  |  |  |  |
Earnings of Subsidiaries |  |  | (666 | ) |  |  | (688 | )
Equity in Undistributed Earnings of Subsidiaries |  |  | 2,819 |  |  |  | 859 |
Net Income |  |  | 2,153 |  |  |  | 171 |
Preferred Stock Dividends |  |  | 1,050 |  |  |  | 1,050 |
Net Income (Loss) Available to Common Shareholders |  | $ | 1,103 |  |  | $ | (879 | )
COLONY BANKCORP, INC. (PARENT ONLY)
STATEMENT OF COMPREHENSIVE INCOME
NINE MONTHS ENDED SEPTEMBER 30, 2011 AND 2010
(UNAUDITED)
(DOLLARS IN THOUSANDS)
|  | SEPTEMBER 30, 2011 |  |  | SEPTEMBER 30, 2010 |
Net Income |  | $ | 2,153 |  |  | $ | 171 |
Other Comprehensive Income, Net of Tax |  |  |  |  |  |  |  |
Gains on Securities Arising During Year |  |  | 5,128 |  |  |  | 3,654 |
Reclassification Adjustment |  |  | (1,284 | ) |  |  | (1,188 | )
Change in Net Unrealized Gains on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects |  |  | 3,844 |  |  |  | 2,466 |
Comprehensive Income |  | $ | 5,997 |  |  | $ | 2,637 |
COLONY BANKCORP, INC. (PARENT ONLY)
STATEMENT OF CASH FLOWS
NINE MONTHS ENDED SEPTEMBER 30, 2011 AND 2010
(UNAUDITED)
(DOLLARS IN THOUSANDS)
|  | 2011 |  |  | 2010 |
Cash Flows from Operating Activities |  |  |  |  |  |
Net Income |  | $ | 2,153 |  |  | $ | 171 |
Adjustments to Reconcile Net Income to Net Cash Provided from Operating Activities |  |  |  |  |  |  |  |
Depreciation and Amortization |  |  | 104 |  |  |  | 160 |
Equity in Undistributed Earnings of Subsidiary |  |  | (2,819 | ) |  |  | (859 | )
Other |  |  | (372 | ) |  |  | (189 | )
|  |  | (934 | ) |  |  | (717 | )
Cash Flows from Investing Activities |  |  |  |  |  |  |  |
Purchases of Premises and Equipment |  |  | (2 | ) |  |  | (30 | )
|  |  | (2 | ) |  |  | (30 | )
Cash Flows from Financing Activities |  |  |  |  |  |  |  |
Dividends Paid Preferred Stock |  |  | (1,050 | ) |  |  | (1,050 | )
Proceeds from Issuance of Common Stock |  |  | -- |  |  |  | 5,078 |
|  |  | (1,050 | ) |  |  | 4,028 |
Net Increase (Decrease) in Cash |  |  | (1,986 | ) |  |  | 3,281 |
Cash, Beginning |  |  | 3,173 |  |  |  | 556 |
Cash, Ending |  | $ | 1,187 |  |  | $ | 3,837 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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