XML 69 R53.htm IDEA: XBRL DOCUMENT
v3.19.1

Note 23 - Financial Information of Colony Bankcorp, Inc. (Parent Only) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | 20 1 8 |  |  | 2017 |
ASSETS |
Cash |  | $ | 936,808 |  |  | $ | 910,239 |
Premises and Equipment, Net |  |  | 1,198,006 |  |  |  | 1,099,626 |
Investment in Subsidiary, at Equity |  |  | 117,743,674 |  |  |  | 114,235,955 |
Other |  |  | 235,878 |  |  |  | 24,458 |
Total Assets |  | $ | 120,114,366 |  |  | $ | 116,270,278 |
LIABILITIES AND STOCKHOLDERS ’ EQUITY |
Liabilities |  |  |  |  |  |  |  |
Other Borrowed Money |  | $ | - |  |  | $ | 1,500,000 |
Other |  |  | 192,971 |  |  |  | 218,615 |
|  | $ | 192,971 |  |  | $ | 1,718,615 |
Subordinated Debt |  |  | 24,229,000 |  |  |  | 24,229,000 |
Stockholders ’ Equity |  |  |  |  |  |  |  |
Common Stock, Par Value $1; 20,000,000 Shares Authorized, 8,444,908 and 8,439,258 Shares Issued and Outstanding as of December 31, 2018 and 2017, respectively |  |  | 8,444,908 |  |  |  | 8,439,258 |
Paid-In Capital |  |  | 25,978,334 |  |  |  | 29,145,094 |
Retained Earnings |  |  | 69,459,243 |  |  |  | 59,230,260 |
Accumulated Other Comprehensive Loss, Net of Tax |  |  | (8,190,090 | ) |  |  | (6,491,949 | )
|  |  | 95,692,395 |  |  |  | 90,322,663 |
Total Liabilities and Stockholders ’ Equity |  | $ | 120,114,366 |  |  | $ | 116,270,278 |
Condensed Income Statement [Table Text Block] |
|  | 20 1 8 |  |  | 2017 |  |  | 2016 |
Income |  |  |  |  |  |  |  |  |  |  |  |
Dividends from Subsidiaries |  | $ | 8,329,127 |  |  | $ | 8,746,882 |  |  | $ | 9,118,104 |
Management Fees |  |  | 601,080 |  |  |  | 601,080 |  |  |  | 601,080 |
Other |  |  | 105,968 |  |  |  | 97,103 |  |  |  | 103,612 |
|  | $ | 9,036,175 |  |  | $ | 9,445,065 |  |  | $ | 9,822,796 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest |  |  | 971,847 |  |  |  | 900,113 |  |  |  | 601,567 |
Salaries and Employee Benefits |  |  | 1,083,960 |  |  |  | 917,259 |  |  |  | 840,130 |
Other |  |  | 691,037 |  |  |  | 604,166 |  |  |  | 554,434 |
|  |  | 2,746,844 |  |  |  | 2,421,538 |  |  |  | 1,996,131 |
Income Before Taxes and Equity in Undistributed Earnings of Subsidiary |  |  | 6,289,331 |  |  |  | 7,023,527 |  |  |  | 7,826,665 |
Income Tax Benefits |  |  | 422,210 |  |  |  | 568,258 |  |  |  | 457,934 |
Income Before Equity in Undistributed Earnings of Subsidiary |  |  | 6,711,541 |  |  |  | 7,591,785 |  |  |  | 8,284,599 |
Equity in Undistributed Earnings of Subsidiary |  |  | 5,205,859 |  |  |  | 159,193 |  |  |  | 388,611 |
Net Income |  |  | 11,917,400 |  |  |  | 7,750,978 |  |  |  | 8,673,210 |
Preferred Stock Dividends |  |  | - |  |  |  | 210,600 |  |  |  | 1,493,310 |
Net Income Available to Common Stockholders |  | $ | 11,917,400 |  |  | $ | 7,540,378 |  |  | $ | 7,179,900 |
Condensed Statement of Comprehensive Income [Table Text Block] |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Net Income |  | $ | 11,917,400 |  |  | $ | 7,750,978 |  |  | $ | 8,673,210 |
Other Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |
Gains (Losses) on Securities Arising During the Year |  |  | (2,033,636 | ) |  |  | (608,355 | ) |  |  | (505,367 | )
Tax Effect |  |  | 427,063 |  |  |  | 206,841 |  |  |  | 171,825 |
Realized (Gains) Losses on Sale of AFS Securities |  |  | (115,909 | ) |  |  | - |  |  |  | (385,223 | )
Tax Effect |  |  | 24,341 |  |  |  | - |  |  |  | 130,976 |
Change in Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects |  |  | (1,698,141 | ) |  |  | (401,514 | ) |  |  | (587,789 | )
Comprehensive Income |  | $ | 10,219,259 |  |  | $ | 7,349,464 |  |  | $ | 8,085,421 |
Condensed Cash Flow Statement [Table Text Block] |
|  | 2018 |  |  | 2017 |  |  | 2016 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 11,917,400 |  |  | $ | 7,750,978 |  |  | $ | 8,673,210 |
Adjustments to Reconcile Net Income to |  |  |  |  |  |  |  |  |  |  |  |
Net Cash Provided by Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and Amortization |  |  | 84,848 |  |  |  | 70,183 |  |  |  | 66,476 |
Share-based Compensation Expense |  |  | 13,890 |  |  |  | - |  |  |  | - |
Equity in Undistributed |  |  |  |  |  |  |  |  |  |  |  |
Earnings of Subsidiary |  |  | (5,205,859 | ) |  |  | (159,193 | ) |  |  | (388,611 | )
Change in Interest Payable |  |  | 2,450 |  |  |  | 17,887 |  |  |  | 5,367 |
Other |  |  | (239,515 | ) |  |  | 38,135 |  |  |  | 108,288 |
|  |  | 6,573,214 |  |  |  | 7,717,990 |  |  |  | 8,464,730 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Purchases of Premises and Equipment |  |  | (183,228 | ) |  |  | (94,925 | ) |  |  | (6,836 | )
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from Other Borrowed Money |  |  | 7,500 |  |  |  | 5,000,000 |  |  |  | - |
Principal Payments on Other Borrowed Money |  |  | (1,507,500 | ) |  |  | (3,500,000 | ) |  |  | - |
Dividends Paid on Common Stock |  |  | (1,688,417 | ) |  |  | (843,934 | ) |  |  | - |
Dividends Paid on Preferred Stock |  |  | - |  |  |  | (315,900 | ) |  |  | (1,590,746 | )
Repurchase of Warrants |  |  | (3,175,000 | ) |  |  | - |  |  |  | - |
Redemption of Preferred Stock |  |  | - |  |  |  | (9,360,000 | ) |  |  | (8,661,000 | )
|  |  | (6,363,417 | ) |  |  | (9,019,834 | ) |  |  | (10,251,746 | )
Increase (Decrease) in Cash |  |  | 26,569 |  |  |  | (1,396,769 | ) |  |  | (1,793,852 | )
Cash, Beginning |  |  | 910,239 |  |  |  | 2,307,008 |  |  |  | 4,100,860 |
Cash, Ending |  | $ | 936,808 |  |  | $ | 910,239 |  |  | $ | 2,307,008 |

X
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_CondensedStatementOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration