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Note 12 - Subordinated Debentures (Trust Preferred Securities) | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Subordinated Borrowings Disclosure [Text Block] | NOTE 12 . Subordinated Debentures (Trust Preferred Securities) The following table presents the information regarding the Company's subordinated debentures at December 31, 2019:
|  |  |  |  |  |  | 3-Month |  |  |  |  |  |  | Total |  |  |
|  |  |  |  |  |  | Libor |  |  | Added |  |  | Interest |  |  | 5-Year
Description | Date |  | Amount |  |  | Rate |  |  | Points |  |  | Rate |  | Maturity | Call Option
(dollars in thousands)
Colony Bankcorp Statutory Trust III | 6/17/2004 |  | $ | 4,640 |  |  |  | 1.89963% |  |  |  | 2.68% |  |  |  | 4.57963% |  | 6/14/2034 | 6/17/2009
Colony Bankcorp Capital Trust I | 4/13/2006 |  |  | 5,155 |  |  |  | 1.94463% |  |  |  | 1.50% |  |  |  | 3.44463% |  | 4/13/2036 | 4/13/2011
Colony Bankcorp Capital Trust II | 3/12/2007 |  |  | 9,279 |  |  |  | 1.96050% |  |  |  | 1.65% |  |  |  | 3.61050% |  | 3/12/2037 | 3/12/2012
Colony Bankcorp Capital Trust III | 9/14/2007 |  |  | 5,155 |  |  |  | 1.93550% |  |  |  | 1.40% |  |  |  | 3.33550% |  | 9/14/2037 | 9/14/2012
The Trust Preferred Securities are recorded as subordinated debentures on the consolidated balance sheets, and subject to certain limitations, qualify as Tier 1 Capital for regulatory capital purposes. The proceeds from these offerings were used to fund certain acquisitions, pay off holding company debt and inject capital into the Bank subsidiary. The Trust Preferred Securities pay interest quarterly.

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- Definition The entire disclosure for borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC's uniform net capital rule, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
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