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Note 21 - Financial Information of Colony Bankcorp, Inc. (Parent Only) | 12 Months Ended
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Dec. 31, 2017
Notes to Financial Statements |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | ( 2 1 ) Financial Information of Colony Bankcorp, Inc. (Parent Only) The parent company’s balance sheets as of December 31, 2017 and 2016 and the related statements of operations and comprehensive income (loss) and cash flows for each of the years in the three -year period then ended are as follows: COLONY BANKCORP, INC. (PARENT ONLY) BALANCE SHEETS DECEMBER 31
|  | 20 1 7 |  |  | 20 16 |
ASSETS |  |  |  |  |  |  |  |
Cash |  | $ | 910,239 |  |  | $ | 2,307,008 |
Premises and Equipment, Net |  |  | 1,099,626 |  |  |  | 1,074,884 |
Investment in Subsidiary, at Equity |  |  | 114,235,955 |  |  |  | 114,478,277 |
Other |  |  | 24,458 |  |  |  | 20,990 |
Total Assets |  | $ | 116,270,278 |  |  | $ | 117,881,159 |
LIABILITIES AND STOCKHOLDERS ’ EQUITY |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |
Other Borrowed Money |  | $ | 1,500,000 |  |  | $ | - |
Dividends Payable |  |  | - |  |  |  | 105,300 |
Other |  |  | 218,615 |  |  |  | 159,126 |
|  | $ | 1,718,615 |  |  | $ | 264,426 |
Subordinated Debt |  |  | 24,229,000 |  |  |  | 24,229,000 |
Stockholders ’ Equity |  |  |  |  |  |  |  |
Preferred Stock, Stated Value $1,000; 10,000,000 Shares Authorized, 0 and 9,360 Shares Issued and Outstanding as of December 31, 201 7 and 2016 |  |  | - |  |  |  | 9,360,000 |
Common Stock, Par Value $1; 20,000,000 Shares Authorized, 8,439,258 Shares Issued and Outstanding as of December 31, 2017 and 2016 |  |  | 8,439,258 |  |  |  | 8,439,258 |
Paid-In Capital |  |  | 29,145,094 |  |  |  | 29,145,094 |
Retained Earnings |  |  | 59,230,260 |  |  |  | 51,465,521 |
Accumulated Other Comprehensive Loss, Net of Tax |  |  | (6,491,949 | ) |  |  | (5,022,140 | )
|  |  | 90,322,663 |  |  |  | 93,387,733 |
Total Liabilities and Stockholders ’ Equity |  | $ | 116,270,278 |  |  | $ | 117,881,159 |
COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31
|  | 20 1 7 |  |  | 20 16 |  |  | 20 15 |
Income |  |  |  |  |  |  |  |  |  |  |  |
Dividends from Subsidiary |  | $ | 8,746,882 |  |  | $ | 9,118,104 |  |  | $ | 10,015,147 |
Management Fees |  |  | 601,080 |  |  |  | 601,080 |  |  |  | 581,334 |
Other |  |  | 97,103 |  |  |  | 103,612 |  |  |  | 112,876 |
|  | $ | 9,445,065 |  |  | $ | 9,822,796 |  |  | $ | 10,709,357 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest |  |  | 900,113 |  |  |  | 601,567 |  |  |  | 503,286 |
Salaries and Employee Benefits |  |  | 917,259 |  |  |  | 840,130 |  |  |  | 811,150 |
Other |  |  | 604,166 |  |  |  | 554,434 |  |  |  | 666,872 |
|  |  | 2,421,538 |  |  |  | 1,996,131 |  |  |  | 1,981,308 |
Income Before Taxes and Equity in Undistributed Earnings of Subsidiary |  |  | 7,023,527 |  |  |  | 7,826,665 |  |  |  | 8,728,049 |
Income Tax Benefits |  |  | 568,258 |  |  |  | 457,934 |  |  |  | 444,764 |
Income Before Equity in Undistributed Earnings of Subsidiary |  |  | 7,591,785 |  |  |  | 8,284,599 |  |  |  | 9,172,813 |
Dividends Received in Excess of Earnings of Subsidiary |  |  | - |  |  |  | - |  |  |  | (800,116 | )
Equity in Undistributed Earnings of Subsidiary |  |  | 159,193 |  |  |  | 388,611 |  |  |  | - |
Net Income |  |  | 7,750,978 |  |  |  | 8,673,210 |  |  |  | 8,372,697 |
Preferred Stock Dividends |  |  | 210,600 |  |  |  | 1,493,310 |  |  |  | 2,375,010 |
Net Income Available to Common Stockholders |  | $ | 7,540,378 |  |  | $ | 7,179,900 |  |  | $ | 5,997,687 |
COLONY BANKCORP, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31
|  | 201 7 |  |  | 201 6 |  |  | 201 5 |
Net Incom e |  | $ | 7,750,978 |  |  | $ | 8,673,210 |  |  | $ | 8,372,697 |
Other Comprehensive Income (Loss ) |  |  |  |  |  |  |  |  |  |  |  |
Gains (Losses) on Securities Arising During the Year |  |  | (608,355 | ) |  |  | (505,367 | ) |  |  | 610,689 |
Tax Effec t |  |  | 206,841 |  |  |  | 171,825 |  |  |  | (207,634 | )
Realized (Gains) Losses on Sale of AFS Securities |  |  | - |  |  |  | (385,223 | ) |  |  | 11,466 |
Tax Effec t |  |  | - |  |  |  | 130,976 |  |  |  | (3,898 | )
Change in Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects |  |  | (401,514 | ) |  |  | (587,789 | ) |  |  | 410,623 |
Comprehensive Incom e |  | $ | 7,349,464 |  |  | $ | 8,085,421 |  |  | $ | 8,783,320 |
COLONY BANKCORP, INC. (PARENT ONLY ) STATEMENTS OF CASH FLOW S FOR THE YEARS ENDED DECEMBER 3 1
|  | 201 7 |  |  | 201 6 |  |  | 201 5 |
Cash Flows from Operating Activitie s |  |  |  |  |  |  |  |  |  |  |  |
Net Incom e |  | $ | 7,750,978 |  |  | $ | 8,673,210 |  |  | $ | 8,372,697 |
Adjustments to Reconcile Net Income t o Net Cash Provided by Operating Activitie s |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and Amortizatio n |  |  | 70,183 |  |  |  | 66,476 |  |  |  | 73,999 |
Equity in Undistribute d Earnings of Subsidiar y |  |  | (159,193 | ) |  |  | (388,611 | ) |  |  | - |
Dividends Received in Excess o f Earnings of Subsidiar y |  |  | - |  |  |  | - |  |  |  | 800,116 |
Change in Interest Payabl e |  |  | 17,887 |  |  |  | 5,367 |  |  |  | 23,072 |
Othe r |  |  | 38,135 |  |  |  | 108,288 |  |  |  | 1,555,482 |
|  |  | 7,717,990 |  |  |  | 8,464,730 |  |  |  | 10,825,366 |
Cash Flows from Investing Activitie s |  |  |  |  |  |  |  |  |  |  |  |
Purchases of Premises and Equipmen t |  |  | (94,925 | ) |  |  | (6,836 | ) |  |  | (8,884 | )
Cash Flows from Financing Activitie s |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from Other Borrowed Money |  |  | 5,000,000 |  |  |  | - |  |  |  | - |
Principal Payments on Other Borrowed Mone y |  |  | (3,500,000 | ) |  |  | - |  |  |  | - |
Dividends Paid on Common Stoc k |  |  | (843,934 | ) |  |  | - |  |  |  | - |
Dividends Paid on Preferred Stoc k |  |  | (315,900 | ) |  |  | (1,590,746 | ) |  |  | (2,487,274 | )
Redemption of Preferred Stock |  |  | (9,360,000 | ) |  |  | (8,661,000 | ) |  |  | (9,979,000 | )
|  |  | (9,019,834 | ) |  |  | (10,251,746 | ) |  |  | (12,466,274 | )
Increase (Decrease) in Cash |  |  | (1,396,769 | ) |  |  | (1,793,852 | ) |  |  | (1,649,792 | )
Cash, Beginnin g |  |  | 2,307,008 |  |  |  | 4,100,860 |  |  |  | 5,750,652 |
Cash, Ending |  | $ | 910,239 |  |  | $ | 2,307,008 |  |  | $ | 4,100,860 |

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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 FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: 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=96868048&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: 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=26873400&loc=d3e24072-122690 + Details
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