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Regulatory Capital Matters | 3 Months Ended
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Mar. 31, 2020
Banking and Thrift [Abstract] |
Regulatory Capital Matters | Regulatory Capital Matters The amount of dividends payable to the parent company from the subsidiary bank is limited by various banking regulatory agencies. Upon approval by regulatory authorities, the Bank may pay cash dividends to the parent company in excess of regulatory limitations. The Company is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and, possibly, additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios of total and Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. As of March 31, 2020, the interim final Basel III rules (“Basel III”) require the Company to also maintain minimum amounts and ratios of common equity Tier 1 capital to risk-weighted assets. These amounts and ratios as defined in regulations are presented hereafter. Management believes, as of March 31, 2020, the Company meets all capital adequacy requirements to which it is subject under the regulatory framework for prompt corrective action. In the opinion of management, there are no events or conditions since prior notification of capital adequacy from the regulators that have changed the institution’s category. The Basel III rules also require the implementation of a new capital conservation buffer comprised of common equity Tier 1 capital. The capital conservation buffer was phased in beginning January 1, 2016 at 0.625% of risk-weighted assets and increase each subsequent year by 0.625% until reaching its final level of 2.5% on January 1, 2019. The Board of Governors of the Federal Reserve raised the threshold for determining applicable of the Small Bank Holding Company and Savings and Loan Company Policy Statement in August 2018 from $1 billion to $3 billion in consolidated total assets to provide regulatory burden relief, therefore, the Company is no longer subject to the minimum capital requirements. The following table summarizes regulatory capital information as of March 31, 2020 and December 31, 2019 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for March 31, 2020 and December 31, 2019 were calculated in accordance with the Basel III rules.
(dollars in thousands) | Actual |  |  |  | For Capital Adequacy Purposes |  |  |  | To Be Well Capitalized Under Prompt Corrective Action Provisions |  |
| Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
As of March 31, 2020 |  |  |  |  |  |  |  |  |  |  |
Total Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 138,789 |  |  | 13.47 | % |  | $ | 82,429 |  |  | 8.00 | % |  | N/A |  |  | N/A
Colony Bank | 148,961 |  |  | 13.98 |  |  | 85,242 |  |  | 8.00 |  |  | $ | 106,553 |  |  | 10.00 | %
Tier I Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 132,189 |  |  | 12.68 |  |  | 62,550 |  |  | 6.00 |  |  | N/A |  |  | N/A
Colony Bank | 140,577 |  |  | 13.19 |  |  | 63,947 |  |  | 6.00 |  |  | 85,263 |  |  | 8.00 |
Common Equity Tier I Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 108,689 |  |  | 10.47 |  |  | 46,714 |  |  | 4.50 |  |  | N/A |  |  | N/A
Colony Bank | 140,577 |  |  | 13.19 |  |  | 47,960 |  |  | 4.50 |  |  | 69,276 |  |  | 6.50 |
Tier I Capital to Average Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 132,189 |  |  | 9.06 |  |  | 58,362 |  |  | 4.00 |  |  | N/A |  |  | N/A
Colony Bank | 140,577 |  |  | 9.46 |  |  | 59,441 |  |  | 4.00 |  |  | 74,301 |  |  | 5.00 |
(dollars in thousands) | Actual |  |  |  | For Capital Adequacy Purposes |  |  |  | To Be Well Capitalized Under Prompt Corrective Action Provisions |  |
| Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
As of December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Total Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 140,973 |  |  | 13.17 | % |  | $ | 85,661 |  |  | 8.00 | % |  | N/A |  |  | N/A |
Colony Bank | 151,444 |  |  | 14.19 |  |  | 85,407 |  |  | 8.00 |  |  | $ | 106,758 |  |  | 10.00 | %
Tier I Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 134,110 |  |  | 12.52 |  |  | 64,246 |  |  | 6.00 |  |  | N/A |  |  | N/A |
Colony Bank | 144,581 |  |  | 13.54 |  |  | 64,055 |  |  | 6.00 |  |  | 8,547 |  |  | 8.00 |
Common Equity Tier I Capital to Risk-Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 110,610 |  |  | 10.33 |  |  | 48,185 |  |  | 4.50 |  |  | N/A |  |  | N/A |
Colony Bank | 144,581 |  |  | 13.54 |  |  | 48,041 |  |  | 4.50 |  |  | 69,393 |  |  | 6.50 |
Tier I Capital to Average Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 134,110 |  |  | 8.92 |  |  | 60,141 |  |  | 4.00 |  |  | N/A |  |  | N/A |
Colony Bank | 144,581 |  |  | 9.77 |  |  | 59,977 |  |  | 4.00 |  |  | 74,972 |  |  | 5.00 |

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- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1C -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958572-112826 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1G -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958577-112826 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1E -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958574-112826 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1H -URI http://asc.fasb.org/extlink&oid=117337116&loc=d3e65071-112826 + Details
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