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Financial Information of Colony Bankcorp, Inc (Parent Only) (Tables) | 12 Months Ended
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Dec. 31, 2012
Financial Information of Colony Bankcorp, Inc. (Parent Only) [Abstract] |
Balance Sheets | COLONY BANKCORP, INC. (PARENT ONLY) BALANCE SHEETS DECEMBER 31
ASSETS |
|  | 2012 |  |  | 2011 |
Cash |  | $ | 494,432 |  |  | $ | 1,051,904 |
Premises and Equipment, Net |  |  | 1,284,968 |  |  |  | 1,378,395 |
Investment in Subsidiary, at Equity |  |  | 119,646,209 |  |  |  | 118,289,024 |
Other |  |  | 821,145 |  |  |  | 437,414 |
Total Assets |  | $ | 122,246,754 |  |  | $ | 121,156,737 |
LIABILITIES AND STOCKHOLDERS' EQUITY |
Liabilities |  |  |  |  |  |  |  |
Dividends Payable |  | $ | 1,610,385 |  |  | $ | 175,000 |
Other |  |  | 648,202 |  |  |  | 139,927 |
|  |  | 2,258,587 |  |  |  | 314,927 |
Subordinated Debt |  |  | 24,229,000 |  |  |  | 24,229,000 |
Stockholders' Equity |  |  |  |  |  |  |  |
Preferred Stock, Stated Value $1,000; Authorized 10,000,000 Shares, Issued 28,000 Shares |  |  | 27,827,053 |  |  |  | 27,662,476 |
Common Stock, Par Value $1; Authorized 20,000,000 Shares, Issued 8,439,258 Shares as of December 31, 2012 and 2011 |  |  | 8,439,258 |  |  |  | 8,439,258 |
Paid-In Capital |  |  | 29,145,094 |  |  |  | 29,145,094 |
Retained Earnings |  |  | 30,497,576 |  |  |  | 29,456,240 |
Accumulated Other Comprehensive Income, Net of Tax |  |  | (149,814 | ) |  |  | 1,909,742 |
|  |  | 95,759,167 |  |  |  | 96,612,810 |
Total Liabilities and Stockholders' Equity |  | $ | 122,246,754 |  |  | $ | 121,156,737 |
Statements of Operations | COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31
|  | 2012 |  |  | 2011 |  |  | 2010 |
Income |  |  |  |  |  |  |  |  |
Dividends from Subsidiary |  | $ | 17,372 |  |  | $ | 15,265 |  |  | $ | 15,536 |
Management Fees |  |  | 590,422 |  |  |  | 505,414 |  |  |  | 455,241 |
Other |  |  | 101,397 |  |  |  | 98,180 |  |  |  | 119,776 |
|  |  | 709,191 |  |  |  | 618,859 |  |  |  | 590,553 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest |  |  | 554,004 |  |  |  | 508,081 |  |  |  | 516,170 |
Amortization |  |  | 2,250 |  |  |  | 2,250 |  |  |  | 2,250 |
Salaries and Employee Benefits |  |  | 735,919 |  |  |  | 734,104 |  |  |  | 761,873 |
Other |  |  | 558,151 |  |  |  | 656,914 |  |  |  | 807,209 |
|  |  | 1,850,324 |  |  |  | 1,901,349 |  |  |  | 2,087,502 |
Loss Before Taxes and Equity in Undistributed Earnings of Subsidiary |  |  | (1,141,133 | ) |  |  | (1,282,490 | ) |  |  | (1,496,949 | )
Income Tax Benefits |  |  | 365,691 |  |  |  | 425,605 |  |  |  | 532,823 |
Loss Before Equity in Undistributed Earnings of Subsidiary |  |  | (775,442 | ) |  |  | (856,885 | ) |  |  | (964,126 | )
Equity in Undistributed Earnings of Subsidiary |  |  | 3,416,740 |  |  |  | 3,390,480 |  |  |  | 1,438,342 |
Net Income |  |  | 2,641,298 |  |  |  | 2,533,595 |  |  |  | 474,216 |
Preferred Stock Dividends |  |  | 1,435,385 |  |  |  | 1,400,000 |  |  |  | 1,400,000 |
Net Income (Loss) Available to Common Stockholders |  | $ | 1,205,913 |  |  | $ | 1,133,595 |  |  | $ | (925,784 | )
Statements of Comprehensive Income (Loss) | COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE YEARS ENDED DECEMBER 31
|  | 2012 |  |  | 2011 |  |  | 2010 |
Net Income |  | $ | 2,641,298 |  |  | $ | 2,533,595 |  |  | $ | 474,216 |
Other Comprehensive Income, Net of Tax |  |  |  |  |  |  |  |  |  |  |  |
Gains (Losses) on Securities Arising During the Year |  |  | (186,830 | ) |  |  | 4,439,108 |  |  |  | 1,227,281 |
Reclassification Adjustment |  |  | (1,872,726 | ) |  |  | (1,929,577 | ) |  |  | (1,727,261 | )
Change in Net Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects |  |  | (2,059,556 | ) |  |  | 2,509,531 |  |  |  | (499,980 | )
Comprehensive Income (Loss) |  | $ | 581,742 |  |  | $ | 5,043,126 |  |  | $ | (25,764 | )
Statements of Cash Flows | COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31
|  | 2012 |  |  | 2011 |  |  | 2010 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |
Net Income |  | $ | 2,641,298 |  |  | $ | 2,533,595 |  |  | $ | 474,216 |
Adjustments to Reconcile Net Income to Net Cash Used by Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and Amortization |  |  | 93,427 |  |  |  | 112,651 |  |  |  | 194,918 |
Equity in Undistributed Earnings of Subsidiary |  |  | (3,416,740 | ) |  |  | (3,390,480 | ) |  |  | (1,438,342 | )
Other |  |  | 124,543 |  |  |  | 24,977 |  |  |  | (260,318 | )
|  |  | (557,472 | ) |  |  | (719,257 | ) |  |  | (1,029,526 | )
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Purchases of Premises and Equipment |  |  | - |  |  |  | (1,900 | ) |  |  | (31,877 | )
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Dividends Paid on Preferred Stock |  |  | - |  |  |  | (1,400,000 | ) |  |  | (1,400,000 | )
Proceeds from Issuance of Common Stock |  |  | - |  |  |  | - |  |  |  | 5,078,255 |
|  |  | - |  |  |  | (1,400,000 | ) |  |  | 3,678,255 |
Increase (Decrease) in Cash |  |  | (557,472 | ) |  |  | (2,121,157 | ) |  |  | 2,616,852 |
Cash, Beginning |  |  | 1,051,904 |  |  |  | 3,173,061 |  |  |  | 556,209 |
Cash, Ending |  | $ | 494,432 |  |  | $ | 1,051,904 |  |  | $ | 3,173,061 |

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