XML 60 R44.htm IDEA: XBRL DOCUMENT
v3.25.0.1

BORROWINGS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Outstanding Borrowings | The following table presents information regarding the Company’s outstanding borrowings at December 31, 2024:
Description | Maturity Date |  | Amount |  | Interest Rate
(dollars in thousands) |  |  |  |  |
FHLB Advances | December 22, 2027 |  | $ | 15,000 |  |  | 4.00%
FHLB Advances | January 28, 2028 |  | 20,000 |  |  | 3.87%
FHLB Advances | February 15, 2028 |  | 20,000 |  |  | 3.83%
FHLB Advances | April 5, 2028 |  | 25,000 |  |  | 3.69%
FHLB Advances | April 6, 2026 |  | 25,000 |  |  | 3.90%
FHLB Advances | May 2, 2029 |  | 30,000 |  |  | 4.73%
FHLB Advances | March 25, 2025 |  | 25,000 |  |  | 4.46%
FHLB Advances | March 26, 2025 |  | 25,000 |  |  | 4.46%
Subordinated notes | May 20, 2032 |  | 38,810 |  |  | 5.25%
Subordinated debentures | (1) |  | 24,229 |  |  | (1)
Total borrowings |  | $ | 248,039 |  |  |
(1) See individual maturity dates and interest rates in table below. The following table presents information regarding the Company’s outstanding borrowings at December 31, 2023:
Description | Maturity Date |  | Amount |  | Interest Rate
(dollars in thousands) |  |  |  |  |  |  |
FHLB Advances | December 22, 2027 |  | $ | 15,000 |  |  | 4.00%
FHLB Advances | January 28, 2028 |  | 20,000 |  |  | 3.87%
FHLB Advances | February 15, 2028 |  | 20,000 |  |  | 3.83%
FHLB Advances | April 5, 2028 |  | 25,000 |  |  | 3.69%
FHLB Advances | April 6, 2026 |  | 25,000 |  |  | 3.90%
FHLB Advances | September 30, 2024 |  | 20,000 |  |  | 5.57%
FHLB Advances | March 25, 2024 |  | 25,000 |  |  | 5.51%
FHLB Advances | March 26, 2024 |  | 25,000 |  |  | 5.51%
Subordinated notes | May 20, 2032 |  | 39,216 |  |  | 5.25%
Subordinated debentures | (1) |  | 24,229 |  |  | (1)
Total borrowings |  | $ | 238,445 |  |  |  |  |
(1) See individual maturity dates and interest rates in table below.
Schedule of Subordinated Debentures | The following table presents the information regarding the Company's subordinated debentures at December 31, 2024 and 2023. All subordinated debentures are at benchmark rates based on SOFR plus a spread adjustment plus a margin at December 31, 2024.
Description | Date | Amount |  | Added Margin | Total Interest Rate |  | Maturity | 5-Year Call Option
(dollars in thousands) |  |  |  |  |  |  |  |
Colony Bankcorp Statutory Trust III | June 16, 2004 | $ | 4,640 |  |  | 2.68% | 7.29 | % |  | June 17, 2034 | June 17, 2009
Colony Bankcorp Capital Trust I | April 13, 2006 | 5,155 |  |  | 1.50% | 6.09 | % |  | June 30, 2036 | April 13, 2011
Colony Bankcorp Capital Trust II | March 12, 2007 | 9,279 |  |  | 1.65% | 6.24 | % |  | March 30, 2037 | March 12, 2012
Colony Bankcorp Capital Trust III | September 14, 2007 | 5,155 |  |  | 1.40% | 6.25 | % |  | October 30, 2037 | September 14, 2012
Total |  | $ | 24,229 |  |  |  |  |  |  |

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

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, 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 -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 + Details
Name: | us-gaap_ScheduleOfSubordinatedBorrowingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration