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Note 22 - Financial Information of Colony Bankcorp, Inc. (Parent Only) (Tables) | 12 Months Ended
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Dec. 31, 2019
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | 2019 |  |  | 2018 |
ASSETS |
Cash |  | $ | 2,049 |  |  | $ | 937 |
Premises and equipment, net |  |  | 1,171 |  |  |  | 1,198 |
Investment in subsidiaries |  |  | 165,836 |  |  |  | 117,743 |
Other |  |  | 483 |  |  |  | 236 |
Total Assets |  | $ | 169,539 |  |  | $ | 120,114 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |
Liabilities |  |  |  |  |  |  |  |
Other borrowed money |  | $ | 14,563 |  |  | $ | - |
Other |  |  | 241 |  |  |  | 193 |
Subordinated debt |  |  | 24,229 |  |  |  | 24,229 |
Total Liabilities |  | $ | 39,033 |  |  | $ | 24,422 |
Stockholders’ Equity |  |  |  |  |  |  |  |
Common stock, par value $1; 20,000,000 shares authorized, 9,498,783 and 8,439,258 shares issued and outstanding as of December 31, 2019 and 2018, respectively |  |  | 9,499 |  |  |  | 8,445 |
Paid-in capital |  |  | 43,667 |  |  |  | 25,978 |
Retained earnings |  |  | 76,978 |  |  |  | 69,459 |
Accumulated other comprehensive income (loss), net of tax |  |  | 362 |  |  |  | (8,190 | )
Total Stockholder’s Equity |  |  | 130,506 |  |  |  | 95,692 |
Total Liabilities and Stockholders’ Equity |  | $ | 169,539 |  |  | $ | 120,114 |
Condensed Income Statement [Table Text Block] |
|  | 2019 |  |  | 2018 |
Income |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 6,731 |  |  | $ | 8,329 |
Management fees |  |  | 750 |  |  |  | 601 |
Other |  |  | 18 |  |  |  | 106 |
Total income |  |  | 7,499 |  |  |  | 9,036 |
Expenses |  |  |  |  |  |  |  |
Interest |  |  | 1,541 |  |  |  | 972 |
Salaries and employee benefits |  |  | 1,097 |  |  |  | 1,084 |
Other |  |  | 1,262 |  |  |  | 691 |
Total expenses |  |  | 3,899 |  |  |  | 2,747 |
Income before income taxes and equity in undistributed earnings of subsidiaries |  |  | 3,600 |  |  |  | 6,289 |
Income tax benefit |  |  | 639 |  |  |  | 422 |
Income before equity in undistributed earnings of subsidiaries |  |  | 4,239 |  |  |  | 6,711 |
Equity in undistributed earnings of subsidiaries |  |  | 5,972 |  |  |  | 5,206 |
Net income |  | $ | 10,211 |  |  | $ | 11,917 |
Condensed Cash Flow Statement [Table Text Block] |
|  | 2019 |  |  | 2018 |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |
Net income |  | $ | 10,211 |  |  | $ | 11,917 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 81 |  |  |  | 85 |
Share-based compensation expense |  |  | 34 |  |  |  | 14 |
Equity in undistributed earnings of subsidiaries |  |  | (5,972) |  |  |  | (5,206) |
Change in interest payable |  |  | 21 |  |  |  | 3 |
Other |  |  | 1,065 |  |  |  | (240) |
Net cash provided by operating activities |  |  | 5,440 |  |  |  | 6,573 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |
Purchase of premises and equipment |  |  | (54) |  |  |  | (183) |
Net cash and cash equivalents paid in acquisition |  |  | (16,145) |  |  |  | - |
Net cash (used in) provided by investing activities |  |  | (16,199) |  |  |  | (183) |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |
Net increase (decrease) in other borrowed money |  |  | 14,563 |  |  |  | (1,500) |
Dividends paid for common stock |  |  | (2,692) |  |  |  | (1,688) |
Repurchase of warrants |  |  | - |  |  |  | (3,175) |
Net cash (used in) provided by financing activities |  |  | 11,871 |  |  |  | (6,363) |
Net increase (decrease) in cash and cash equivalents |  |  | 1,112 |  |  |  | 27 |
Cash and cash equivalents at beginning of period |  |  | 937 |  |  |  | 910 |
Cash and cash equivalents at end of period |  | $ | 2,049 |  |  | $ | 937 |

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