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Financial Information of Colony Bankcorp, Inc (Parent Only) (Tables) | 12 Months Ended
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Dec. 31, 2014
Financial Information of Colony Bankcorp, Inc. (Parent Only) [Abstract] |
Balance Sheets | COLONY BANKCORP, INC. (PARENT ONLY) BALANCE SHEETS DECEMBER 31 ASSETS
|  | 2014 |  |  | 2013 |
Cash |  | $ | 5,750,652 |  |  | $ | 1,422,289 |
Premises and Equipment, Net |  |  | 1,199,639 |  |  |  | 1,272,965 |
Investment in Subsidiary, at Equity |  |  | 115,066,948 |  |  |  | 114,559,866 |
Other |  |  | 1,708,380 |  |  |  | 1,221,285 |
Total Assets |  | $ | 123,725,619 |  |  | $ | 118,476,405 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |
Liabilities |  |  |  |  |  |  |  |
Dividends Payable |  | $ | 315,000 |  |  | $ | 3,119,146 |
Other |  |  | 154,307 |  |  |  | 1,174,020 |
|  |  | 469,307 |  |  |  | 4,293,166 |
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 |  |  | 28,000,000 |  |  |  | 28,000,000 |
Common Stock, Par Value $1; Authorized 20,000,000 Shares, Issued 8,439,258 Shares as of December 31, 2014 and 2013 |  |  | 8,439,258 |  |  |  | 8,439,258 |
Paid-In Capital |  |  | 29,145,094 |  |  |  | 29,145,094 |
Retained Earnings |  |  | 38,287,934 |  |  |  | 33,444,913 |
Accumulated Other Comprehensive Loss, Net of Tax |  |  | (4,844,974 | ) |  |  | (9,075,026 | )
|  |  | 99,027,312 |  |  |  | 89,954,239 |
Total Liabilities and Stockholders’ Equity |  | $ | 123,725,619 |  |  | $ | 118,476,405 |
Statements of Operations | COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31
|  | 2014 |  |  | 2013 |  |  | 2012 |
Income |  |  |  |  |  |  |  |  |
Dividends from Subsidiary |  | $ | 12,015,572 |  |  | $ | 1,515,549 |  |  | $ | 17,372 |
Management Fees |  |  | 581,334 |  |  |  | 581,334 |  |  |  | 590,422 |
Other |  |  | 100,269 |  |  |  | 96,953 |  |  |  | 101,397 |
|  | $ | 12,697,175 |  |  |  | 2,193,836 |  |  |  | 709,191 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest |  |  | 517,381 |  |  |  | 516,641 |  |  |  | 554,004 |
Amortization |  |  | 938 |  |  |  | 2,250 |  |  |  | 2,250 |
Salaries and Employee Benefits |  |  | 782,152 |  |  |  | 748,149 |  |  |  | 735,919 |
Other |  |  | 538,847 |  |  |  | 543,139 |  |  |  | 558,151 |
|  |  | 1,839,318 |  |  |  | 1,810,179 |  |  |  | 1,850,324 |
Income (Loss) Before Taxes and Equity in Undistributed Earnings of Subsidiary |  |  | 10,857,857 |  |  |  | 383,657 |  |  |  | (1,141,133 | )
Income Tax Benefits |  |  | 396,738 |  |  |  | 406,518 |  |  |  | 365,691 |
Income (Loss) Before Equity in Undistributed Earnings of Subsidiary |  |  | 11,254,595 |  |  |  | 790,175 |  |  |  | (775,442 | )
Equity in Undistributed Earnings of Subsidiary |  |  | (3,722,970 | ) |  |  | 3,838,870 |  |  |  | 3,416,740 |
Net Income |  |  | 7,531,625 |  |  |  | 4,629,045 |  |  |  | 2,641,298 |
Preferred Stock Dividends |  |  | 2,688,604 |  |  |  | 1,508,761 |  |  |  | 1,435,385 |
Net Income Available to Common Stockholders |  | $ | 4,843,021 |  |  | $ | 3,120,284 |  |  | $ | 1,205,913 |
Statements of Comprehensive Income (Loss) | COLONY BANKCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE YEARS ENDED DECEMBER 31
|  | 2014 |  |  | 2013 |  |  | 2012 |
Net Income |  | $ | 7,531,625 |  |  | $ | 4,629,045 |  |  | $ | 2,641,298 |
Other Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |
Gains (Losses) on Securities Arising During the Year |  |  | 6,432,906 |  |  |  | (13,886,854 | ) |  |  | (283,076 | )
Tax Effect |  |  | (2,187,189 | ) |  |  | 4,721,531 |  |  |  | 96,246 |
Realized Gains (Losses) on Sale of AFS Securities |  |  | (23,735 | ) |  |  | (2,819 | ) |  |  | (2,897,032 | )
Tax Effect |  |  | 8,070 |  |  |  | 959 |  |  |  | 984,991 |
Impairment Loss on Securities |  |  | - |  |  |  | 366,623 |  |  |  | 59,568 |
Tax Effect |  |  | - |  |  |  | (124,652 | ) |  |  | (20,253 | )
Change in Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects |  |  | 4,230,052 |  |  |  | (8,925,212 | ) |  |  | (2,059,556 | )
Comprehensive Income (Loss) |  | $ | 11,761,677 |  |  | $ | (4,296,167 | ) |  | $ | 581,742 |
Statements of Cash Flows | COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31
|  | 2014 |  |  | 2013 |  |  | 2012 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |
Net Income |  | $ | 7,531,625 |  |  | $ | 4,629,045 |  |  | $ | 2,641,298 |
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and Amortization |  |  | 75,347 |  |  |  | 80,711 |  |  |  | 93,427 |
Equity in Undistributed Earnings of Subsidiary |  |  | 3,722,970 |  |  |  | (3,838,870 | ) |  |  | (3,416,740 | )
Change in Interest Payable |  |  | (1,069,695 | ) |  |  | 516,641 |  |  |  | 529,922 |
Other |  |  | (437,115 | ) |  |  | (390,962 | ) |  |  | (405,379 | )
|  |  | 9,823,132 |  |  |  | 996,565 |  |  |  | (557,472 | )
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Purchases of Premises and Equipment |  |  | (2,020 | ) |  |  | (68,708 | ) |  |  | - |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Dividends Paid on Preferred Stock |  |  | (5,492,749 | ) |  |  | - |  |  |  | - |
Increase (Decrease) in Cash |  |  | 4,328,363 |  |  |  | 927,857 |  |  |  | (557,472 | )
Cash, Beginning |  |  | 1,422,289 |  |  |  | 494,432 |  |  |  | 1,051,904 |
Cash, Ending |  | $ | 5,750,652 |  |  | $ | 1,422,289 |  |  | $ | 494,432 |

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