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Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The following table presents information regarding the Company’s outstanding borrowings at December 31, 2021:
Description | Maturity Date |  | Amount |  | Interest Rate
(dollars in thousands) |  |  |  |  |  |  |
FHLB Advances | February 3, 2023 |  | $ | 3,000 |  |  | 3.51%
FHLB Advances | March 21, 2028 |  | 5,000 |  |  | 2.67%
FHLB Advances | August 15, 2025 |  | 4,500 |  |  | 2.62%
FHLB Advances | July 30, 2029 |  | 10,000 |  |  | 1.01%
FHLB Advances | July 11, 2029 |  | 10,000 |  |  | 1.03%
FHLB Advances | November 9, 2029 |  | 20,000 |  |  | 1.07%
Term Note | May 24, 2025 |  | 7,250 |  |  | 4.70%
Revolving Credit | July 30, 2022 |  | 5,313 |  |  | 2.85%
Subordinated debentures | (2) |  | 24,229 |  |  | (3)
Fair Value Adjustment for FHLB Borrowings acquired from SouthCrest |  |  | (844) |  |  |  |  |
Total borrowings |  | $ | 88,448 |  |  |  |  |
The following table presents information regarding the Company’s outstanding borrowings at December 31, 2020:
Description | Maturity Date |  | Amount |  | Interest Rate
(dollars in thousands) |  |  |  |  |  |  |
FHLB Advances | February 3, 2023 |  | $ | 3,000 |  |  | 3.51%
FHLB Advances | March 21, 2028 |  | 5,000 |  |  | 2.67%
FHLB Advances | August 15, 2025 |  | 4,500 |  |  | 2.62%
FHLB Advances | July 30, 2029 |  | 10,000 |  |  | 1.01%
Paycheck Protection Program Liquidity Facility | (1) |  | 106,789 |  |  | 0.35%
Term Note | May 24, 2025 |  | 8,250 |  |  | 4.70%
Revolving Credit | May 21, 2021 |  | 5,313 |  |  | 2.85%
Subordinated debentures | (2) |  | 24,229 |  |  | (3)
Total borrowings |  | $ | 167,081 |  |  |  |  |
(1)Maturity date is equal to the maturity date of the related PPP loans. (2) See maturity dates in table below. (3) Interest rates for all subordinated debentures are at the three-month LIBOR plus added points as noted in table below.
Schedule of Subordinated Borrowing | The following table presents the information regarding the Company's subordinated debentures at December 31, 2021 and 2020. All subordinated debentures are at three month LIBOR rat plus added points noted below at December 31, 2021 and 2020.
Description | Date | Amount |  | Added Points |  |  | Maturity | 5-Year Call Option
(dollars in thousands) |  |  |  |  |  |  |  |
Colony Bankcorp Statutory Trust III | June 16, 2004 | $ | 4,640 |  |  | 2.68% |  |  | June 14, 2034 | June 17, 2009
Colony Bankcorp Capital Trust I | April 13, 2006 | 5,155 |  |  | 1.50% |  |  | April 13, 2036 | April 13, 2011
Colony Bankcorp Capital Trust II | March 12, 2007 | 9,279 |  |  | 1.65% |  |  | March 12, 2037 | March 12, 2012
Colony Bankcorp Capital Trust III | September 14, 2007 | 5,155 |  |  | 1.40% |  |  | September 14, 2037 | September 14, 2012

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