XML 46 R26.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Financial Information of Colony Bankcorp, Inc. (Parent Only) | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) | FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) The parent company’s balance sheets as of December 31, 2021 and 2020 and the related statements of operations and comprehensive income (loss) and cash flows for each of the years in the two-year period then ended are as follows: COLONY BANKCORP, INC. (PARENT ONLY) BALANCE SHEETS DECEMBER 31 (DOLLARS IN THOUSANDS)
| 2021 |  | 2020
ASSETS |  |  |
Cash | $ | 7,304 |  |  | $ | 2,672 |
Investment in subsidiaries | 245,614 |  |  | 179,172 |
Other | 1,689 |  |  | 570 |
Total Assets | $ | 254,607 |  |  | $ | 182,414 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |
Liabilities |  |  |
Other borrowed money | $ | 12,563 |  |  | $ | 13,563 |
Other | 108 |  |  | 134 |
Subordinated debt | 24,229 |  |  | 24,229 |
Total Liabilities | 36,900 |  |  | 37,926 |
Stockholders’ Equity |  |  |
Common stock, par value $1.00; 20,000,000 shares authorized, 13,673,898 and 9,498,783 shares issued and outstanding as of December 31, 2021 and 2020, respectively | 13,674 |  |  | 9,499 |
Paid-in capital | 111,021 |  |  | 43,215 |
Retained earnings | 99,189 |  |  | 84,993 |
Accumulated other comprehensive income (loss), net of tax | (6,177) |  |  | 6,781 |
Total Stockholder’s Equity | 217,707 |  |  | 144,488 |
Total Liabilities and Stockholders’ Equity | $ | 254,607 |  |  | $ | 182,414 |
COLOY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31 (DOLLARS IN THOUSANDS)
| 2021 |  | 2020
Income |  |  |
Dividends from subsidiaries | $ | 31,060 |  |  | $ | 6,100 |
Other | 15 |  |  | 28 |
Total income | 31,075 |  |  | 6,128 |
Expenses |  |  |
Interest | 1,012 |  |  | 1,223 |
Salaries and employee benefits | 371 |  |  | 284 |
Other | 604 |  |  | 428 |
Total expenses | 1,987 |  |  | 1,935 |
Income before income taxes and equity in undistributed earnings (distributions in excess of earnings) of subsidiaries | 29,088 |  |  | 4,193 |
Income tax benefit | (731) |  |  | (218) |
Income before equity in undistributed earnings (distributions in excess of earnings) of subsidiaries | 29,819 |  |  | 4,411 |
Equity in undistributed earnings(distributions in excess of earnings) of subsidiaries | (11,160) |  |  | 7,404 |
Net income | $ | 18,659 |  |  | $ | 11,815 |
COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31 (DOLLARS IN THOUSANDS)
| 2021 |  | 2020
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |
Net income | $ | 18,659 |  |  | $ | 11,815 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Depreciation and amortization | — |  |  | 70 |
Stock-based compensation expense | 599 |  |  | 33 |
Distribution in excess of earnings (equity in undistributed earnings) of subsidiaries | 11,160 |  |  | (7,404) |
Change in interest payable | 1 |  |  | (51) |
Other | (1,146) |  |  | (354) |
Net cash provided by operating activities | 29,273 |  |  | 4,109 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |
Proceeds from sale of premises and equipment | — |  |  | 1,314 |
Net cash and cash equivalents paid in bank acquisition | (19,178) |  |  | — |
Net cash provided by investing activities | (19,178) |  |  | 1,314 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |
Net decrease in other borrowed money | (1,000) |  |  | (1,000) |
Dividends paid on common stock | (4,463) |  |  | (3,800) |
Net cash used in financing activities | (5,463) |  |  | (4,800) |
Net increase in cash and cash equivalents | 4,632 |  |  | 623 |
Cash and cash equivalents at beginning of period | 2,672 |  |  | 2,049 |
Cash and cash equivalents at end of period | $ | 7,304 |  |  | $ | 2,672 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration