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Cover
Aug. 01, 2021
Cover [Abstract]  
Document Type 8-K/A
Document Period End Date Aug. 01, 2021
Entity Registrant Name COLONY BANKCORP, INC.
Entity Incorporation, State or Country Code GA
Entity File Number 000-12436
Entity Tax Identification Number 58-1492391
Entity Address, Address Line One 115 South Grant Street
Entity Address, City or Town Fitzgerald
Entity Address, State or Province GA
Entity Address, Postal Zip Code 31750
City Area Code 229
Local Phone Number 426-6000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common stock, par value $1.00 per share
Trading Symbol CBAN
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Amendment Description EXPLANATORY NOTEOn August 2, 2021, Colony Bankcorp, Inc., a Georgia corporation (the “Company” or “Colony”) filed with the Securities and Exchange Commission (“SEC”) a Current Report on Form 8-K to report under Item 2.01 that the Company had completed its previously-announced merger (the “Merger”) with SouthCrest Financial Group, Inc., a Georgia corporation (“SouthCrest”), pursuant to that certain Agreement and Plan of Merger by and between Colony and SouthCrest, dated as of April 22, 2021 (the “Merger Agreement”). At the closing, SouthCrest merged with and into Colony, with Colony as the surviving corporation, followed by the merger of SouthCrest’s wholly-owned subsidiary bank, SouthCrest Bank, N.A., with and into the Colony’s wholly-owned subsidiary bank, Colony Bank, with Colony Bank as the surviving bank.This Amendment No. 1 amends the Company’s Current Report on Form 8-K filed on August 2, 2021 to include the financial statements and unaudited pro forma combined financial information referred to in Item 9.01(a) and (b) below relating to the Merger.Cautionary Note Regarding Forward-Looking StatementsStatements in this Amendment No. 1 to the Current Report on Form 8-K, including the pro forma combined financial information attached hereto contain “forward-looking statements” within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. The pro forma combined financial information is based on preliminary estimates and assumptions that could cause actual results to differ materially from those expected or implied by the pro forma combined financial information or the estimates and assumptions used in preparing the pro forma combined financial information. The pro forma combined financial information and forward-looking statements are based on current expectations and projections about future events. Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and, consequently, the actual performance of the Company may differ materially from that expressed or implied by such forward-looking statements. Certain factors that could cause actual results to differ materially from the Company’s expectations include the risks detailed under “Item 1A. Risk Factors” contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and in the other documents the Company files with the SEC. Many of these factors are beyond the Company’s ability to control or predict. Forward-looking statements are not guarantees of performance.
Entity Central Index Key 0000711669
Amendment Flag true