Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 08, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | Colony Bankcorp Inc | |
Entity Central Index Key | 0000711669 | |
Trading Symbol | cban | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 9,498,937 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Cash and Cash Equivalents | ||
Cash and Due from Banks | $ 10,643 | $ 10,377 |
Interest-Bearing Deposits | 75,062 | 49,779 |
Investment Securities | ||
Available for Sale, at Fair Value | 357,889 | 353,066 |
Federal Home Loan Bank Stock, at Cost | 2,782 | 2,978 |
Loans | 779,991 | 782,027 |
Allowance for Loan Losses | (6,589) | (7,277) |
Unearned Interest and Fees | (513) | (501) |
772,889 | 774,249 | |
Premises and Equipment | 29,541 | 28,831 |
Other Real Estate (Net of Allowance of $860 and $877 as of March 31, 2019 and December 31, 2018, Respectively) | 1,635 | 1,841 |
Goodwill | 202 | 202 |
Other Intangible Assets | 529 | 556 |
Other Assets | 27,905 | 29,999 |
Total Assets | 1,279,077 | 1,251,878 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
Noninterest-Bearing | 199,485 | 192,847 |
Interest-Bearing | 912,193 | 892,278 |
1,111,678 | 1,085,125 | |
Borrowed Money | ||
Subordinated Debentures | 24,229 | 24,229 |
Other Borrowed Money | 39,000 | 44,000 |
63,229 | 68,229 | |
Other Liabilities | 3,104 | 2,832 |
Stockholders' Equity | ||
Common Stock, Par Value $1 a Share; Authorized 20,000,000 Shares, Issued 8,444,908 Shares as of March 31, 2019 and December 31, 2018, Respectively | 8,445 | 8,445 |
Paid-In Capital | 25,987 | 25,978 |
Retained Earnings | 71,661 | 69,459 |
Accumulated Other Comprehensive (Loss), Net of Tax Benefits | (5,027) | (8,190) |
101,066 | 95,692 | |
Total Liabilities and Stockholders' Equity | $ 1,279,077 | $ 1,251,878 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Other Real Estate, Allowance | $ 860 | $ 877 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 20,000,000 | 20,000,000 |
Common stock, shares issued (in shares) | 8,444,908 | 8,444,908 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Interest Income | ||
Loans, Including Fees | $ 10,470 | $ 9,728 |
Deposits with Other Banks | 282 | 75 |
Investment Securities: | ||
U.S. Government Agencies | 2,156 | 1,911 |
State, County and Municipal | 25 | 27 |
Corporate Bonds | 27 | 28 |
Dividends on Other Investments | 53 | 41 |
13,013 | 11,810 | |
Interest Expense | ||
Deposits | 2,122 | 1,200 |
Borrowed Money | 534 | 481 |
2,656 | 1,681 | |
Net Interest Income | 10,357 | 10,129 |
Provision for Loan Losses | 131 | 26 |
Net Interest Income After Provision for Loan Losses | 10,226 | 10,103 |
Noninterest Income | ||
Other | 327 | 395 |
2,334 | 2,434 | |
Noninterest Expenses | ||
Salaries and Employee Benefits | 5,371 | 4,920 |
Occupancy and Equipment | 1,025 | 1,046 |
Other | 2,630 | 2,570 |
9,026 | 8,536 | |
Income Before Income Taxes | 3,534 | 4,001 |
Income Taxes | 699 | 813 |
Net Income | $ 2,835 | $ 3,188 |
Net Income Per Share of Common Stock | ||
Basic (in dollars per share) | $ 0.34 | $ 0.38 |
Diluted (in dollars per share) | 0.34 | 0.37 |
Cash Dividends Paid Per Share of Common Stock (in dollars per share) | $ 0.075 | $ 0.05 |
Weighted Average Basic Shares Outstanding (in shares) | 8,440,357 | 8,439,258 |
Weighted Average Diluted Shares Outstanding (in shares) | 8,440,357 | 8,657,379 |
Deposit Account [Member] | ||
Noninterest Income | ||
Non interest revenue from banking services | $ 964 | $ 1,101 |
Bank Servicing [Member] | ||
Noninterest Income | ||
Non interest revenue from banking services | 900 | 789 |
Mortgage Banking [Member] | ||
Noninterest Income | ||
Non interest revenue from banking services | $ 143 | $ 149 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net Income | $ 2,835 | $ 3,188 |
Other Comprehensive Income: | ||
Gains (Losses) on Securities Arising During the Year | 4,004 | (3,954) |
Tax Effect | (841) | 830 |
Realized Gains on Sale of AFS Securities | ||
Tax Effect | ||
Change in Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects | 3,163 | (3,124) |
Comprehensive Income | $ 5,998 | $ 64 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net Income | $ 2,835 | $ 3,188 |
Adjustments to Reconcile Net Income to Net Cash | ||
Depreciation | 423 | 454 |
Share-based Compensation Expense | 8 | |
Provision for Loan Losses | 131 | 26 |
Amortization and Accretion | 263 | 284 |
(Gain) Loss on Sale of Other Real Estate and Repossessions | 5 | (114) |
Provision for Losses on Other Real Estate | 6 | |
(Increase) Decrease in Cash Surrender Value of Life Insurance | 414 | (126) |
(Gain) on Sale of Premises & Equipment | (2) | |
Other Prepaids, Deferrals and Accruals, Net | 1,101 | 1,339 |
5,184 | 5,051 | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchases of Investment Securities Available for Sale | (14,119) | (3,531) |
Proceeds from Maturities, Calls, and Paydowns of Investment Securities: Available for Sale | 13,065 | 11,930 |
Interest-Bearing Deposits in Other Banks | (25,284) | (7,499) |
Net Loans to Customers | 1,085 | (3,652) |
Purchase of Premises and Equipment | (1,152) | (1,375) |
Proceeds from Sale of Other Real Estate and Repossessions | 351 | 909 |
Redemption (Purchase of) Federal Home Loan Bank Stock | 195 | |
Redemption (Purchase of) Federal Home Loan Bank Stock | (126) | |
Proceeds from Sale of Premises and Equipment | 22 | |
(25,837) | (3,344) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Noninterest-Bearing Customer Deposits | 6,637 | (14,173) |
Interest-Bearing Customer Deposits | 19,915 | (1,460) |
Dividends Paid for Common Stock | (633) | (422) |
Payments on Federal Home Loan Bank Advances | (5,000) | (2,500) |
Proceeds from Federal Home Loan Bank Advances | 5,000 | |
Payments on Other Borrowed Money | (1,500) | |
20,919 | (15,055) | |
Net Increase (Decrease) in Cash and Cash Equivalents | 266 | (13,348) |
Cash and Cash Equivalents at Beginning of Period | 10,377 | 23,145 |
Cash and Cash Equivalents at End of Period | $ 10,643 | $ 9,797 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | ( 1 ) Summary of Significant Accounting Policies Presentation Colony Bankcorp, Inc. (the “Company”) is a bank holding company located in Fitzgerald, Georgia. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Colony Bank, Fitzgerald, Georgia (the “Bank”). All significant intercompany accounts have been eliminated in consolidation. The accounting and reporting policies of the Company conform to generally accepted accounting principles and practices utilized in the commercial banking industry. All dollars in notes to consolidated financial statements are rounded to the nearest thousand, except for per share amounts. The consolidated financial statements in this report are unaudited, except for the December 31, 2018 three March 31, 2019 not may Nature of Operations The Bank provides a full range of retail and commercial banking services for consumers and small- to medium-size businesses located primarily in central, south and coastal Georgia. The Bank is headquartered in Fitzgerald, Georgia with banking offices in Albany, Ashburn, Broxton, Centerville, Columbus, Cordele, Douglas, Eastman, Fitzgerald, Leesburg, Moultrie, Quitman, Rochelle, Savannah, Soperton, Sylvester, Statesboro, Thomaston, Tifton, Valdosta and Warner Robins. Lending and investing activities are funded primarily by deposits gathered through its retail banking office network. Use of Estimates In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date and revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to statement presentations selected for 2019. not Concentrations of Credit Risk Concentrations of credit risk can exist in relation to individual borrowers or groups of borrowers, certain types of collateral, certain types of industries, or certain geographic regions. The Company has a concentration in real estate loans as well as a geographic concentration that could pose an adverse credit risk. At March 31, 2019, 87 The success of the Company is dependent, to a certain extent, upon the economic conditions in the geographic markets it serves. Adverse changes in the economic conditions in these geographic markets would likely have a material adverse effect on the Company’s results of operations and financial condition. The operating results of the Company depend primarily on its net interest income. Accordingly, operations are subject to risks and uncertainties surrounding the exposure to changes in the interest rate environment. At times, the Company may Investment Securities The Company classifies its investment securities as trading, available for sale or held to maturity. Securities that are held principally for resale in the near term are classified as trading. Trading securities are carried at fair value, with realized and unrealized gains and losses included in noninterest income. Currently, no not may The Company evaluates each held to maturity and available for sale security in a loss position for other-than-temporary impairment (“OTTI”). In estimating other-than-temporary impairment losses, management considers such factors as the length of time and the extent to which the market value has been below cost, the financial condition of the issuer and the Company’s intent to sell and whether it is more likely than not not not not not Federal Home Loan Bank Stock Investment in stock of a Federal Home Loan Bank (“FHLB”) is Loans Loans that the Company has the ability and intent to hold for the foreseeable future or until maturity are recorded at their principal amount outstanding, net of unearned interest and fees. Loan origination fees, net of certain direct origination costs, are deferred and amortized over the estimated terms of the loans using the straight-line method. Interest income on loans is recognized using the effective interest method. A loan is considered to be delinquent when payments have not When management believes there is sufficient doubt as to the collectability of principal or interest on any loan or generally when loans are 90 no Loans Modified in a Troubled Debt Restructuring ( “ TDR ” ) Loans are considered to have been modified in a TDR when, due to a borrower’s financial difficulty, the Company makes certain concessions to the borrower that it would not may 6 may may six not Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the inability to collect a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The allowance consists of specific, historical and general components. The specific component relates to loans that are classified as either doubtful, substandard or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan are lower than the carrying value of that loan. The historical component covers nonclassified loans and is based on historical loss experience adjusted for qualitative factors. A general component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The general component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and historical losses in the portfolio. General valuation allowances are based on internal and external qualitative risk factors such as ( 1 2 3 4 5 6 7 8 9 Loans identified as losses by management, internal loan review and/or regulatory agencies are charged off. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not A significant portion of the Company’s impaired loans are deemed to be collateral dependent. Management therefore measures impairment on these loans based on the fair value of the collateral. Collateral values are determined based on appraisals performed by qualified licensed appraisers hired by the Company or by senior members of the Company’s credit administration staff. The decision whether or not third may third may 10 not may Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a level 3 Premises and Equipment Premises and equipment are recorded at acquisition cost net of accumulated depreciation. Depreciation is charged to operations over the estimated useful lives of the assets. The estimated useful lives and methods of depreciation are as follows: Description Life in Years Method Banking Premises 15 - 40 Straight-Line and Accelerated Furniture and Equipment 5 - 10 Straight-Line and Accelerated Expenditures for major renewals and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. When property and equipment are retired or sold, the cost and accumulated depreciation are removed from the respective accounts and any gain or loss is reflected in other income or expense. Goodwill Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired. Goodwill is assigned to reporting units and tested for impairment at least annually, or on an interim basis if an event occurs or circumstances change that would more likely than not Intangible Assets Intangible assets consist of core deposit intangibles acquired in connection with a business combination. The core deposit intangible is initially recognized based on a valuation performed as of the consummation date. The core deposit intangible is amortized by the straight-line method over the average remaining life of the acquired customer deposits. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not Statement of Cash Flows For reporting cash flows, cash and cash equivalents include cash on hand, noninterest-bearing amounts due from banks and federal funds sold. Cash flows from demand deposits, interest-bearing checking accounts, savings accounts, loans and certificates of deposit are reported net. Advertising Costs The Company expenses the cost of advertising in the periods in which those costs are incurred. Income Taxes The provision for income taxes is based upon income for financial statement purposes, adjusted for nontaxable income and nondeductible expenses. Deferred income taxes have been provided when different accounting methods have been used in determining income for income tax purposes and for financial reporting purposes. Deferred tax assets and liabilities are recognized based on future tax consequences attributable to differences arising from the financial statement carrying values of assets and liabilities and their tax bases. The differences relate primarily to depreciable assets (use of different depreciation methods for financial statement and income tax purposes) and allowance for loan losses (use of the allowance method for financial statement purposes and the direct write-off method for tax purposes). In the event of changes in the tax laws, deferred tax assets and liabilities are adjusted in the period of the enactment of those changes, with effects included in the income tax provision. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not Positions taken in the Company’s tax returns may not 50 may first Other Real Estate Other real estate generally represents real estate acquired through foreclosure and is initially recorded at estimated fair value at the date of acquisition less the cost of disposal. Losses from the acquisition of property in full or partial satisfaction of debt are recorded as loan losses. Properties are evaluated regularly to ensure the recorded amounts are supported by current fair values, and valuation allowances are recorded as necessary to reduce the carrying amount to fair value less estimated cost of disposal. Routine holding costs and gains or losses upon disposition are included in other noninterest expense. Bank-Owned Life Insurance The Company has purchased life insurance on the lives of certain key members of management and directors. The life insurance policies are recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or amounts due that are probable at settlement, if applicable. Increases in the cash surrender value are recorded as other income in the consolidated statements of income. The cash surrender value of the insurance contracts is recorded in other assets on the consolidated balance sheets in the amount of $17,184 $17,598 March 31, 2019 December 31, 2018, Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on securities available for sale, represent equity changes from economic events of the period other than transactions with owners and are not Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded. Changes in Accounting Principles and Effects of New Accounting Pronouncements ASU 2016 02, Leases (Topic 842 . December 15, 2018, 2016 02 January 1, 2019. not March 31, 2019. second 2019, two ASU 2016 13, Financial Instruments – Credit Losses (Topic 326 December 15, 2019, ASU 2017 04, Intangibles: Goodwill and Other: Simplifying the Test for Goodwill Impairmen t 2017 04 2 not 2017 04 zero 2 2017 04 December 15, 2019. January 1, 2017. not ASU 2017 08, Premium Amortization on Purchased Callable Debt Securities. not No. 2017 08 December 15, 2018; first 2017 08 January 1, 2019. not ASU 2018 13, Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (Topic 820 2018 13 December 15, 2019; 2018 13 ASU 2019 1, Leases (Topic 842 2019 1 2016 02, 1 not 2 942, 3 2019 1 first second December 15, 2019; first 2016 02. third no 2016 02. not |
Note 2 - Business Acquisition
Note 2 - Business Acquisition | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | ( 2 s On October 22, 2018, one $10.2 three March 31, 2019, $71 $75 2018 January 1, 2018 not The following table provides the purchase price as of acquisition date, the identifiable assets acquired and liabilities assumed at their estimated fair values, and the resulting goodwill of $202 Purchase Price Consideration (in thousands) : Cash Consideration $ 10,238 Total purchase price for PFB branch acquisition $ 10,238 Assets acquired at fair value: Cash and cash equivalents $ 195 Loans 20,430 Premises and equipment, net 773 Core deposit intangible 560 Other assets 123 Total fair value of assets acquired $ 22,081 Liabilities assumed at fair value: Deposits $ 12,032 Other liabilities 13 Total fair value of liabilities assumed $ 12,045 Net Assets acquired at fair value: $ 10,036 Amount of goodwill resulting from acquisition $ 202 The total amount of goodwill arising from this transaction of $202 197 The Bank recorded all loans acquired at the estimated fair value on the purchase date with no no On May 1, 2019, two one $23.50 1.3239 55 45 50 1,054,029 $18.7 $15.3 The Company is currently evaluating all fair value adjustments related to this transaction. The purchase price will be allocated among the net assets of LBC acquired as appropriate, with the remaining balance being reported as goodwill. As of March 31, 2019, $207.3 $131.9 $184.9 On April 16, 2019, $833 not May 1, 2019. not not |
Note 3 - Investment Securities
Note 3 - Investment Securities | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ( 3 ) Investment Securities Investment securities as of March 31, 2019 December 31, 2018 March 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 357,480 $ 883 $ (7,225 ) $ 351,138 State, County & Municipal 3,873 34 (12 ) 3,895 Corporate Bonds 2,899 - (43 ) 2,856 $ 364,252 $ 917 $ (7,280 ) $ 357,889 December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 356,498 $ 303 $ (10,596 ) $ 346,205 State, County & Municipal 4,008 18 (37 ) 3,989 Corporate Bonds 2,927 - (55 ) 2,872 $ 363,433 $ 321 $ (10,688 ) $ 353,066 The amortized cost and fair value of investment securities as of March 31, 2019, may may Securities Available for Sale Amortized Cost Fair Value Due In One Year or Less $ 351 $ 351 Due After One Year Through Five Years 4,158 4,129 Due After Five Years Through Ten Years 1,134 1,157 Due After Ten Years 1,129 1,114 $ 6,772 $ 6,751 Mortgage-Backed Securities 357,480 351,138 $ 364,252 $ 357,889 The Bank did not first three 2019 2018. not first three 2019 2018. Investment securities having a carrying value approximating $151,428 $178,978 March 31, 2019 December 31, 2018, Information pertaining to securities with gross unrealized losses at March 31, 2019 December 31, 2018 Less Than 12 Months 12 Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses March 31, 2019 U. S. Government Agencies Mortgage-Backed $ 12,669 $ (66 ) $ 253,449 $ (7,159 ) $ 266,118 $ (7,225 ) State, County and Municipal - - 1,600 (12 ) 1,600 (12 ) Corporate Bonds 2,005 (20 ) 851 (23 ) 2,856 (43 ) $ 14,674 $ (86 ) $ 255,900 $ (7,194 ) $ 270,574 $ (7,280 ) December 31. 2018 U.S. Government Agencies Mortgage-Backed $ 39,083 $ (504 ) $ 255,747 $ (10,092 ) $ 294,830 $ (10,596 ) State, County and Municipal 612 (3 ) 1,882 (34 ) 2,494 (37 ) Corporate Bonds 2,009 (21 ) 863 (34 ) 2,872 (55 ) $ 41,704 $ (528 ) $ 258,492 $ (10,160 ) $ 300,196 $ (10,688 ) Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to ( 1 2 3 At March 31, 2019, 133 2.00 no |
Note 4 - Loans
Note 4 - Loans | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ( 4 ) Loans The following table presents the composition of loans segregated by class of loans, as of March 31, 2019 December 31, 2018. March 31, 2019 December 31, 2018 Commercial and Agricultural Commercial $ 51,368 $ 57,410 Agricultural 15,290 16,799 Real Estate Commercial Construction 44,305 47,849 Residential Construction 14,947 12,500 Commercial 373,263 373,534 Residential 181,004 187,714 Farmland 64,056 62,709 Consumer and Other Consumer 17,907 18,485 Other 17,851 5,027 Total Loans $ 779,991 $ 782,027 Commercial and industrial loans are extended to a diverse group of businesses within the Company’s market area. These loans are often underwritten based on the borrower’s ability to service the debt from income from the business. Real estate construction loans often require loan funds to be advanced prior to completion of the project. Due to uncertainties inherent in estimating construction costs, changes in interest rates and other economic conditions, these loans often pose a higher risk than other types of loans. Consumer loans are originated at the Bank level. These loans are generally smaller loan amounts spread across many individual borrowers to help minimize risk. Credit Quality Indicators The Company uses a risk grading matrix to assign a risk grade to each of its loans. Loans are graded on a scale of 1 8. ● Grades 1 2 may ● Grades 3 4 no one ● Grade 5 ● Grade 6 ● Grades 7 8 no 6. The following table presents the loan portfolio by credit quality indicator (risk grade) as of March 31, 2019 December 31, 2018. 1, 2, 3 4 March 31, 2019, not March 31, 2019 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 49,378 $ 1,277 $ 713 $ 51,368 Agricultural 13,554 1,215 521 15,290 Real Estate Commercial Construction 43,876 128 301 44,305 Residential Construction 14,947 - - 14,947 Commercial 357,401 7,681 8,181 373,263 Residential 166,641 4,147 10,216 181,004 Farmland 59,805 1,825 2,426 64,056 Consumer and Other Consumer 17,555 91 261 17,907 Other 17,848 - 3 17,851 Total Loans $ 741,005 $ 16,364 $ 22,622 $ 779,991 December 31, 2018 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 55,808 $ 729 $ 873 $ 57,410 Agricultural 15,664 637 498 16,799 Real Estate Commercial Construction 47,087 45 717 47,849 Residential Construction 12,500 - - 12,500 Commercial 358,139 7,662 7,733 373,534 Residential 170,050 7,107 10,557 187,714 Farmland 58,713 1,912 2,084 62,709 Consumer and Other Consumer 18,104 59 322 18,485 Other 5,018 5 4 5,027 Total Loans $ 741,083 $ 18,156 $ 22,788 $ 782,027 A loan’s risk grade is assigned at the inception of the loan and is based on the financial strength of the borrower and the type of collateral. Loan risk grades are subject to reassessment at various times throughout the year as part of the Company’s ongoing loan review process. Loans with an assigned risk grade of 6 $250,000 may not In assessing the overall economic condition of the markets in which it operates, the Company monitors the unemployment rates for its major service areas. The unemployment rates are reviewed on a quarterly basis as part of the allowance for loan loss determination. Loans are considered past due if the required principal and interest payments have not 90 may may not The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, as of March 31, 2019 December 31, 2018: March 31, 2019 Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current Loans Total Loans Commercial and Agricultural Commercial $ 106 $ - $ 106 $ 537 $ 50,725 $ 51,368 Agricultural 22 - 22 504 14,764 15,290 Real Estate Commercial Construction 22 - 22 40 44,243 44,305 Residential Construction - - - - 14,947 14,947 Commercial 228 - 228 1,740 371,295 373,263 Residential 2,546 - 2,546 2,569 175,889 181,004 Farmland 929 - 929 2,015 61,112 64,056 Consumer and Other Consumer 143 - 143 133 17,631 17,907 Other - - - 3 17,848 17,851 Total Loans $ 3,996 $ - $ 3,996 $ 7,541 $ 768,454 $ 779,991 December 31, 2018 Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current Loans Total Loans Commercial and Agricultural Commercial $ 282 $ - $ 282 $ 637 $ 56,491 $ 57,410 Agricultural 117 - 117 413 16,269 16,799 Real Estate Commercial Construction 88 - 88 463 47,298 47,849 Residential Construction - - - - 12,500 12,500 Commercial 679 - 679 2,966 369,889 373,534 Residential 6,882 - 6,882 2,734 178,098 187,714 Farmland 76 - 76 2,052 60,581 62,709 Consumer and Other Consumer 110 - 110 213 18,162 18,485 Other - - - 4 5,023 5,027 Total Loans $ 8,234 $ - $ 8,234 $ 9,482 $ 764,311 $ 782,027 The following table details impaired loan data as of March 31, 2019: March 31, 2019 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 594 $ 537 $ - $ 566 $ 8 $ 8 Agricultural 525 504 - 459 11 14 Commercial Construction 107 107 - 120 2 2 Residential Construction - - - - - - Commercial Real Estate 12,599 12,543 - 12,354 143 145 Residential Real Estate 4,481 3,958 - 4,044 7 59 Farmland 2,017 2,016 - 2,034 - 5 Consumer 134 134 - 173 2 2 Other 3 3 - 3 - - 20,460 19,802 - 19,753 173 235 With An Allowance Recorded Commercial - - - 21 - - Agricultural - - - - - - Commercial Construction - - - 199 - - Residential Construction - - - - - - Commercial Real Estate 1,985 1,985 819 2,838 16 16 Residential Real Estate 267 267 52 271 8 8 Farmland 361 361 34 362 6 6 Consumer - - - - - - Other - - - - - - 2,613 2,613 905 3,691 30 30 Total Commercial 594 537 - 587 8 8 Agricultural 525 504 - 459 11 14 Commercial Construction 107 107 - 319 2 2 Residential Construction - - - - - - Commercial Real Estate 14,584 14,528 819 15,192 159 161 Residential Real Estate 4,748 4,225 52 4,315 15 67 Farmland 2,378 2,377 34 2,396 6 11 Consumer 134 134 - 173 2 2 Other 3 3 - 3 - - $ 23,073 $ 22,415 $ 905 $ 23,444 $ 203 $ 265 The following table details impaired loan data as of December 31, 2018: December 31, 2018 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 595 $ 595 $ - $ 526 $ 21 $ 24 Agricultural 434 413 - 383 18 25 Commercial Construction 132 132 - 69 8 8 Residential Contruction - - - - - Commercial Real Estate 12,164 12,164 - 11,040 582 583 Residential Real Estate 4,214 4,130 - 4,067 208 213 Farmland 2,054 2,052 - 1,361 53 82 Consumer 213 213 - 197 14 14 Other 4 4 - 1 - - 19,810 19,703 - 17,644 904 949 With An Allowance Recorded Commercial 42 42 6 8 2 2 Agricultural - - - - - - Commercial Construction 399 399 39 466 - - Residential Contruction - - - - - - Commercial Real Estate 3,691 3,691 1,276 5,121 135 142 Residential Real Estate 274 274 61 98 8 8 Farmland 364 364 36 368 24 25 Consumer - - - - - - Other - - - - - - 4,770 4,770 1,418 6,061 169 177 Total Commercial 637 637 6 534 23 26 Agricultural 434 413 - 383 18 25 Commercial Construction 531 531 39 535 8 8 Residential Contruction - - - - - - Commercial Real Estate 15,855 15,855 1,276 16,161 717 725 Residential Real Estate 4,488 4,404 61 4,165 216 221 Farmland 2,418 2,416 36 1,729 77 107 Consumer 213 213 - 197 14 14 Other 4 4 - 1 - - $ 24,580 $ 24,473 $ 1,418 $ 23,705 $ 1,073 $ 1,126 The following table details impaired loan data as of March 31, 2018: March 31, 2018 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 595 $ 595 $ - $ 596 $ 8 $ 8 Agricultural 411 390 - 394 8 12 Commercial Construction 42 42 - 48 1 1 Commercial Real Estate 10,438 10,438 - 11,538 118 112 Residential Real Estate 4,379 3,956 - 4,268 46 49 Farmland 873 872 - 855 7 7 Consumer 210 210 - 199 3 3 16,948 16,503 - 17,898 191 192 With An Allowance Recorded Commercial - - - - - - Agricultural - - - - - - Commercial Construction 485 485 57 489 1 1 Commercial Real Estate 5,337 5,337 1,662 5,533 53 45 Residential Real Estate 36 36 21 72 1 1 Farmland 369 369 30 371 5 6 Consumer - - - - - - 6,227 6,227 1,770 6,465 60 53 Total Commercial 595 595 - 596 8 8 Agricultural 411 390 - 394 8 12 Commercial Construction 527 527 57 537 2 2 Commercial Real Estate 15,775 15,775 1,662 17,071 171 157 Residential Real Estate 4,415 3,992 21 4,340 47 50 Farmland 1,242 1,241 30 1,226 12 13 Consumer 210 210 - 199 3 3 $ 23,175 $ 22,730 $ 1,770 $ 24,363 $ 251 $ 245 TDRs are troubled loans on which the original terms of the loan have been modified in favor of the borrower due to deterioration in the borrower’s financial condition. Each potential loan modification is reviewed individually and the terms of the loan are modified to meet the borrower’s specific circumstances at a point in time. Not ● Interest rate reductions – Occur when the stated interest rate is reduced to a nonmarket rate or a rate the borrower would not ● Amortization or maturity date changes – Result when the amortization period of the loan is extended beyond what is considered a normal amortization period for loans of similar type with similar collateral. ● Principal reductions – These are often the result of commercial real estate loan workouts where two no no As discussed in Note 1, no March 31, 2019. no three March 31, 2019 2018. 90 may six not The Company had no three March 31, 2019. one three March 31, 2018. $131,067 |
Note 5 - Allowance for Loan Los
Note 5 - Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Allowance for Credit Losses [Text Block] | ( 5 ) Allowance for Loan Losses The following tables detail activity in the allowance for loan losses, segregated by class of loan, for the three March 31, 2019 March 31, 2018. one not may March 31, 2019 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 370 $ (97 ) $ 6 $ (38 ) $ 241 Agricultural 248 - - (23 ) 225 Real Estate Commercial Construction 115 (29 ) 17 (88 ) 15 Residential Construction 16 - - (11 ) 5 Commercial 4,549 (56 ) 33 (152 ) 4,374 Residential 1,181 (629 ) 49 348 949 Farmland 702 (63 ) 1 48 688 Consumer and Other Consumer 86 (70 ) 17 36 69 Other 10 - 2 11 23 $ 7,277 $ (944 ) $ 125 $ 131 $ 6,589 March 31, 2018 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 447 $ (4 ) $ 8 $ 19 $ 470 Agricultural 186 (17 ) 1 32 202 Real Estate Commercial Construction 1,216 - 20 187 1,423 Residential Construction - - - - - Commercial 3,874 - 4 (551 ) 3,327 Residential 968 (61 ) 12 270 1,189 Farmland 780 - 1 24 805 Consumer and Other Consumer 34 (59 ) 28 45 48 Other 3 - - - 3 $ 7,508 $ (141 ) $ 74 $ 26 $ 7,467 Management continually evaluates the allowance for loan losses methodology seeking to refine and enhance this process as appropriate, and it is likely that the methodology will continue to evolve over time. The Company determines its individual reserves during its quarterly review of substandard loans. This process involves reviewing all loans with a risk grade of 6 $250,000 March 31, 2019, 134 $3.9 $250,000 not March 31, 2018, 144 $3.5 $250,000 Since not may not $10.28 $12.70 March 31, 2019 2018, $1.86 $1.22 March 31, 2019 2018, not The following tables present breakdowns of the allowance for loan losses, segregated by impairment methodology for March 31, 2019 2018: March 31, 2019 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ - $ 241 $ 241 $ 26 $ 51,342 $ 51,368 Agricultural - 225 225 23 15,267 15,290 Real Estate Commercial Construction - 15 15 68 44,237 44,305 Residential Construction - 5 5 - 14,947 14,947 Commercial 819 3,555 4,374 14,107 359,156 373,263 Residential 52 897 949 2,175 178,829 181,004 Farmland 34 654 688 2,102 61,954 64,056 Consumer and Other Consumer - 69 69 - 17,907 17,907 Other - 23 23 - 17,851 17,851 Total End of Period Balance $ 905 $ 5,684 $ 6,589 $ 18,501 $ 761,490 $ 779,991 March 31, 2018 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ - $ 470 $ 470 $ 77 $ 46,616 $ 46,693 Agricultural - 202 202 5 16,346 16,351 Real Estate Commercial Construction 57 1,366 1,423 485 49,174 49,659 Residential Construction - - - - 8,145 8,145 Commercial 1,662 1,665 3,327 15,574 338,524 354,098 Residential 21 1,168 1,189 2,023 191,353 193,376 Farmland 30 775 805 1,034 66,077 67,111 Consumer and Other Consumer - 48 48 - 18,805 18,805 Other - 3 3 - 14,259 14,259 Total End of Period Balance $ 1,770 $ 5,697 $ 7,467 $ 19,198 $ 749,299 $ 768,497 |
Note 6 - Other Real Estate Owne
Note 6 - Other Real Estate Owned | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Real Estate Owned [Text Block] | ( 6 ) Other Real Estate Owned The aggregate carrying amount of Other Real Estate Owned (“OREO”) at March 31, 2019 December 31, 2018 $1,635 $1,841, three March 31, 2019 December 31, 2018. Three Months Ended Twelve Months Ended March 31, 2019 December 31, 2018 Balance, Beginning $ 1,841 $ 4,256 Additions 144 793 Sales of OREO (348 ) (2,949 ) Transfer to Bank Premises - (300 ) Gains (Losses) on Sale 4 303 Provision for Losses (6 ) (262 ) Balance, Ending $ 1,635 $ 1,841 At March 31, 2019, $359 $565 December 31, 2018. March 31, 2019, $157 December 31, 2018, $25 |
Note 7 - Deposits
Note 7 - Deposits | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | ( 7 ) Deposits The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled $320 $476 March 31, 2019 December 31, 2018. Components of interest-bearing deposits as of March 31, 2019 December 31, 2018 Three Months Ended Twelve Months Ended March 31, 2019 December 31, 2018 Interest-Bearing Demand $ 488,435 $ 471,794 Savings 85,259 79,453 Time, $250,000 and Over 53,801 53,881 Other Time 284,698 287,150 $ 912,193 $ 892,278 At March 31, 2019 December 31, 2018, $94,620 $80,535, $250,000 $41,242 $41,104 March 31, 2019 December 31, 2018, $250,000 $53,801 $53,881 March 31, 2019 December 31, 2018. As of March 31, 2019 December 31, 2018, Maturity March 31, 2019 December 31, 2018 One Year and Under $ 232,126 $ 241,366 One to Three Years 91,444 82,412 Three Years and Over 14,929 17,253 $ 338,499 $ 341,031 |
Note 8 - Other Borrowed Money
Note 8 - Other Borrowed Money | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | ( 8 ) Other Borrowed Money Other borrowed money at March 31, 2019 December 31, 2018 Ma r ch 3 1 , 201 9 December 31, 2018 Federal Home Loan Bank Advances $ 39,000 $ 44,000 Advances from the Federal Home Loan Bank (“FHLB”) have maturities ranging from 2020 2028 0.98 3.51 first March 31, 2019, $109,408. March 31, 2019, $273,448. may The aggregate stated maturities of other borrowed money at March 31, 2019 Year Amount 2020 $ 2,500 2021 - 2022 18,000 2023 6,000 2024 and After 12,500 $ 39,000 The Company also has available federal funds lines of credit with various financial institutions totaling $43,500, none March 31, 2019. The Company has the ability to borrow funds from the Federal Reserve Bank (“FRB”) of Atlanta utilizing the discount window. The discount window is an instrument of monetary policy that allows eligible institutions to borrow money from the FRB on a short-term basis to meet temporary liquidity shortages caused by internal or external disruptions. At March 31, 2019, no |
Note 9 - Subordinated Debenture
Note 9 - Subordinated Debentures (Trust Preferred Securities) | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Subordinated Borrowings Disclosure [Text Block] | ( 9 ) Subordinated Debentures (Trust Preferred Securities) 3 Month Added Total 5 Year Description Date Amount Libor Rate Points Rate Maturity Call Option Colony Bankcorp Statutory Trust III 6/17/2004 $ 4,640 2.61463 2.68 5.29463 6/14/2034 6/17/2009 Colony Bankcorp Capital Trust I 4/13/2006 5,155 2.59175 1.50 4.09175 4/13/2036 4/13/2011 Colony Bankcorp Capital Trust II 3/12/2007 9,279 2.59175 1.65 4.24175 3/12/2037 3/12/2012 Colony Bankcorp Capital Trust III 9/14/2007 5,155 2.75050 1.40 4.15050 9/14/2037 9/14/2012 The Trust Preferred Securities are recorded as subordinated debentures on the consolidated balance sheets, but subject to certain limitations, qualify as Tier 1 The Trust Preferred Securities pay interest quarterly. |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | ( 1 0 ) Commitments and Contingencies Credit-Related Financial Instruments . The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments. We evaluate each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held varies, but may At March 31, 2019 December 31, 2018 Contract Amount March 3 1 , 201 9 December 31, 2018 Loan Commitments $ 120,676 $ 98,736 Letters of Credit 1,521 1,525 Commitments to extend credit are agreements to lend to a customer as long as there is no may may not Unfunded commitments under commercial lines of credit, revolving credit lines and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit are uncollateralized and usually do not may not Standby and performance letters of credit are conditional lending commitments issued by the Company to guarantee the performance of a customer to a third one Le gal Conting enc ies not, |
Note 11 - Fair Value of Financi
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | ( 1 1 ) Fair Value of Financial Instruments and Fair Value Measurements Generally accepted accounting standards in the U.S. require disclosure of fair value information about financial instruments, whether or not not Generally accepted accounting principles related to Fair Value Measurements define fair value, establish a framework for measuring fair value, establish a three three ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and represent the Company’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. The following disclosures should not Cash and Short-Term Investments 1. Investment Securities 1. not 2. not 3. Federal Home Loan Bank Stock 1. Loans 2, 3. Bank-Owned Life Insurance – 1. Deposit Liabilities 1. 2. Subordinated Debentures 2. Other Borr o wed Money 2 Disclosures of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not The carrying amount, estimated fair values, and placement in the fair value hierarchy of the Company’s financial instruments as of March 31, 2019 December 31, 2018 Fair Value Measurements at March 31, 2019 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 85,705 $ 85,705 $ 85,705 $ - $ - Investment Securities Available for Sale 357,889 357,889 - 353,992 3,897 Federal Home Loan Bank Stock 2,782 2,782 2,782 - - Loans, Net 772,889 769,078 - 767,370 1,708 Bank-Owned Life Insurance 17,184 17,184 17,184 - - Liabilities Deposits 1,111,678 1,113,541 773,179 340,362 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 39,000 39,112 - 39,112 - Fair Value Measurements at December 31, 2018 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 60,155 $ 60,155 $ 60,155 $ - $ - Investment Securities Available for Sale 353,066 353,066 - 348,788 4,278 Federal Home Loan Bank Stock 2,978 2,978 2,978 - - Loans, Net 774,249 769,809 - 766,457 3,352 Bank-Owned Life Insurance 17,598 17,598 17,598 - - Liabilities Deposits 1,085,125 1,086,503 744,094 342,409 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 44,000 44,032 - 44,032 - Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not one no Fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not not not Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring and nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy: Assets Securities 1 1 not 2 3 Impaired L oans third 3 Other Real Estate third may third 10 3 Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis – March 31, 2019 December 31, 2018, March 31, 2019 December 31, 2018. Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs March 31, 2019 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale U.S. Government Agencies Mortgage-Backed $ 351,138 $ - $ 347,456 $ 3,682 State, County and Municipal 3,895 - 3,680 215 Corporate Bonds 2,856 - 2,856 - $ 357,889 $ - $ 353,992 $ 3,897 Nonrecurring Impaired Loans $ 1,708 $ - $ - $ 1,708 Other Real Estate $ 1,123 $ - $ - $ 1,123 Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs December 31, 2018 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale U.S. Government Agencies Mortgage-Backed $ 346,205 $ - $ 342,142 $ 4,063 State, County and Municipal 3,989 - 3,775 214 Corporate Bonds 2,872 - 2,872 - $ 353,066 $ - $ 348,789 $ 4,277 Nonrecurring Impaired Loans $ 3,352 $ - $ - $ 3,352 Other Real Estate $ 1,183 $ - $ - $ 1,183 Liabilities The Company did not The following table presents quantitative information about the significant unobservable inputs used in the fair value measurements for assets in level 3 March 31, 2019 December 31, 2018. Valuation Unobservable Range March 31, 2019 Techniques Inputs Weighted Avg Real Estate Residential Real Estate 215 Sales Comparison Adjustment for Differences (10.86)% - 6.70% Between the Comparable Sales (2.08)% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Commercial Real Estate 1,166 Income Approach Capitalization Rate 10.50% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Farmland 327 Sales Comparison Adjustment for Differences (71.00)% - (3.50)% Between the Comparable Sales (37.25)% Management Adjustments for 10.00% - 80.00% Age of Appraisals and/or Current 45.00% Market Conditions Other Real Estate Owned 1,123 Sales Comparison Adjustment for Differences (30.00)% - 25.02% Between the Comparable Sales (2.49)% Management Adjustments for 9.82% - 99.39% Age of Appraisals and/or Current 38.12% Market Conditions Income Approach Discount Rate 10.00% Valuation Unobservable Range December 31, 2018 Techniques Inputs Weighted Avg Real Estate Commercial Construction $ 360 Sales Comparison Adjustment for Differences (6.00)% - 1,975.00% Between the Comparable Sales 984.20% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 213 Sales Comparison Adjustment for Differences (10.86)% - 6.70% Between the Comparable Sales (2.08)% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Commercial Real Estate 2,415 Sales Comparison Adjustment for Differences (60.00)% - 80.00% Between the Comparable Sales 10.00% Management Adjustments for 0.00% - 35.00% Age of Appraisals and/or Current 17.50% Market Conditions Income Approach Capitalization Rate 10.13% Farmland 328 Sales Comparison Adjustment for Differences (71.00)% - (3.50)% Between the Comparable Sales (37.25)% Management Adjustments for 10.00% - 80.00% Age of Appraisals and/or Current 45.00% Market Conditions Commercial 36 Sales Contract Adjustment for Estimated Costs 0.00% - 0.00% to Sell (0.00)% Management Adjustment for 0.00% - 15.00% Age of Appraisals and/or Current 15.00% Market Conditions Other Real Estate Owned 1,183 Sales Comparison Adjustment for Differences (30.00)% - 25.02% Between the Comparable Sales (2.49)% Management Adjustment for 9.82% - 99.39% Age of Appraisals and/or Current 35.26% Market Conditions Income Approach Capitalization Rate 10.00% The table below presents a reconciliation and statement of income classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (level 3 three March 31, 2019 twelve December 31, 2018. Available for Sale Securities March 31, 2019 December 31, 2018 Balance, Beginning $ 4,277 $ 7,298 Transfers out of Level 3 - (2,009 ) Maturities - - Purchases - - Paydowns (390 ) (886 ) Unrealized Gains included in Other Comprehensive Income (Loss) 10 (126 ) Balance, Ending $ 3,897 $ 4,277 The Company’s policy is to recognize transfers in and transfers out of levels 1, 2 3 no three March 31, 2019 twelve December 31, 2018. The following table presents quantitative information about recurring level 3 March 31, 2019. Unobservable Range March 31, 2019 Fair Value Valuation Techniques Inputs (Weighted Avg) State, County and Municipal $ 215 Discounted Cash Flow Discount Rate or Yield N/A* U. S. Government Agencies Mortgage -Backed 3,682 Fundamental Analysis Discount Rate or Yield N/A* * The Company relies on a third third not |
Note 12 - Regulatory Capital Ma
Note 12 - Regulatory Capital Matters | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | ( 1 2 ) 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 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 1 March 31, 2019, 1 March 31, 2019, no The Basel III rules also require the implementation of a new capital conservation buffer comprised of common equity Tier 1 January 1, 2016 0.625% 0.625% 2.5% January 1, 2019. The following table summarizes regulatory capital information as of March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of March 31, 2019 Total Capital to Risk-Weighted Assets Consolidated $ 135,451 16.09 % $ 67,341 8.00 % N/A N/A Colony Bank 132,664 15.78 67,237 8.00 $ 84,047 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 128,862 15.31 50,505 6.00 N/A N/A Colony Bank 126,075 15.00 50,428 6.00 67,237 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 105,362 12.52 37,879 4.50 N/A N/A Colony Bank 126,075 15.00 37,821 4.50 54,630 6.50 Tier I Capital to Average Assets Consolidated 128,862 10.18 50,637 4.00 N/A N/A Colony Bank 126,075 9.97 50,557 4.00 63,196 5.00 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018 Total Capital to Risk-Weighted Assets Consolidated $ 133,900 15.86 % $ 67,527 8.00 % N/A N/A Colony Bank 131,723 15.63 67,418 8.00 $ 84,272 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 126,623 15.00 50,645 6.00 N/A N/A Colony Bank 124,446 14.77 50,563 6.00 67,418 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 103,123 12.22 37,984 4.50 N/A N/A Colony Bank 124,446 14.77 37,923 4.50 54,777 6.50 Tier I Capital to Average Assets Consolidated 126,623 10.24 49,478 4.00 N/A N/A Colony Bank 124,446 10.08 49,396 4.00 61,745 5.00 |
Note 13 - Stock-based Compensat
Note 13 - Stock-based Compensation | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | ( 13 In August 2018, 5,650 $17.73 July 30, 2019, July 2020 July 2021, no not Compensation expense for restricted stock is based on the market price of the Company stock at the time of the grant and amortized on a straight-line basis over the vesting period. The balance of unearned compensation related to these restricted shares as of March 31, 2019 $77,782 2.33 three March 31, 2019 $8,334. |
Note 14 - Earnings Per Share
Note 14 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | ( 1 4 ) Earnings Per Share Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflects the potential dilution of restricted stock and common stock warrants. Net income available to common stockholders represents net income after preferred stock dividends. The following table presents earnings per share for the three March 31, 2019 2018. Three Months Ended March 31 2019 2018 Numerator Net Income Available to Common Stockholders $ 2,835 $ 3,188 Denominator Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share 8,440 8,439 Dilutive Effect of Potential Common Stock Restricted Stock - - Stock Warrants - 218 Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share 8,440 8,657 Earnings Per Share - Basic $ 0.34 $ 0.38 Earnings Per Share - Diluted $ 0.34 $ 0.37 |
Note 15 - Accumulated Other Com
Note 15 - Accumulated Other Comprehensive Income (Loss) | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | ( 1 5 ) Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) for unrealized gains and losses securities available for sale for the period ended March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 Beginning Balance $ (8,190 ) $ (6,492 ) Other Comprehensive Income Before Reclassification 3,163 (1,607 ) Amounts Reclassified from Accumulated Other Comprehensive Income - (91 ) Net Current Period Other Comprehensive Income 3,163 (1,698 ) Ending Balance $ (5,027 ) $ (8,190 ) |
Note 16 - Subsequent Events
Note 16 - Subsequent Events | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | ( 16 On April 18, 2019, $0.075 April 30, 2019, May 15, 2019. On May 1, 2019, $10.0 May 1, 2024, 4.70 On May 1, 2019, $10.0 May 1, 2021, 0.40 $5.3 On May 1, 2019, 2 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Presentation Colony Bankcorp, Inc. (the “Company”) is a bank holding company located in Fitzgerald, Georgia. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Colony Bank, Fitzgerald, Georgia (the “Bank”). All significant intercompany accounts have been eliminated in consolidation. The accounting and reporting policies of the Company conform to generally accepted accounting principles and practices utilized in the commercial banking industry. All dollars in notes to consolidated financial statements are rounded to the nearest thousand, except for per share amounts. The consolidated financial statements in this report are unaudited, except for the December 31, 2018 three March 31, 2019 not may |
Nature of Operations [Policy Text Block] | Nature of Operations The Bank provides a full range of retail and commercial banking services for consumers and small- to medium-size businesses located primarily in central, south and coastal Georgia. The Bank is headquartered in Fitzgerald, Georgia with banking offices in Albany, Ashburn, Broxton, Centerville, Columbus, Cordele, Douglas, Eastman, Fitzgerald, Leesburg, Moultrie, Quitman, Rochelle, Savannah, Soperton, Sylvester, Statesboro, Thomaston, Tifton, Valdosta and Warner Robins. Lending and investing activities are funded primarily by deposits gathered through its retail banking office network. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date and revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. |
Reclassification, Policy [Policy Text Block] | Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to statement presentations selected for 2019. not |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Credit Risk Concentrations of credit risk can exist in relation to individual borrowers or groups of borrowers, certain types of collateral, certain types of industries, or certain geographic regions. The Company has a concentration in real estate loans as well as a geographic concentration that could pose an adverse credit risk. At March 31, 2019, 87 The success of the Company is dependent, to a certain extent, upon the economic conditions in the geographic markets it serves. Adverse changes in the economic conditions in these geographic markets would likely have a material adverse effect on the Company’s results of operations and financial condition. The operating results of the Company depend primarily on its net interest income. Accordingly, operations are subject to risks and uncertainties surrounding the exposure to changes in the interest rate environment. At times, the Company may |
Investment, Policy [Policy Text Block] | Investment Securities The Company classifies its investment securities as trading, available for sale or held to maturity. Securities that are held principally for resale in the near term are classified as trading. Trading securities are carried at fair value, with realized and unrealized gains and losses included in noninterest income. Currently, no not may The Company evaluates each held to maturity and available for sale security in a loss position for other-than-temporary impairment (“OTTI”). In estimating other-than-temporary impairment losses, management considers such factors as the length of time and the extent to which the market value has been below cost, the financial condition of the issuer and the Company’s intent to sell and whether it is more likely than not not not not not |
Investment in Federal Home Bank Stock [Policy Text Block] | Federal Home Loan Bank Stock Investment in stock of a Federal Home Loan Bank (“FHLB”) is |
Policy Loans Receivable, Policy [Policy Text Block] | Loans Loans that the Company has the ability and intent to hold for the foreseeable future or until maturity are recorded at their principal amount outstanding, net of unearned interest and fees. Loan origination fees, net of certain direct origination costs, are deferred and amortized over the estimated terms of the loans using the straight-line method. Interest income on loans is recognized using the effective interest method. A loan is considered to be delinquent when payments have not When management believes there is sufficient doubt as to the collectability of principal or interest on any loan or generally when loans are 90 no |
Troubled Debt Restructuring [Policy Text Block] | Loans Modified in a Troubled Debt Restructuring ( “ TDR ” ) Loans are considered to have been modified in a TDR when, due to a borrower’s financial difficulty, the Company makes certain concessions to the borrower that it would not may 6 may may six not |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the inability to collect a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The allowance consists of specific, historical and general components. The specific component relates to loans that are classified as either doubtful, substandard or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan are lower than the carrying value of that loan. The historical component covers nonclassified loans and is based on historical loss experience adjusted for qualitative factors. A general component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The general component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and historical losses in the portfolio. General valuation allowances are based on internal and external qualitative risk factors such as ( 1 2 3 4 5 6 7 8 9 Loans identified as losses by management, internal loan review and/or regulatory agencies are charged off. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not A significant portion of the Company’s impaired loans are deemed to be collateral dependent. Management therefore measures impairment on these loans based on the fair value of the collateral. Collateral values are determined based on appraisals performed by qualified licensed appraisers hired by the Company or by senior members of the Company’s credit administration staff. The decision whether or not third may third may 10 not may Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a level 3 |
Property, Plant and Equipment, Policy [Policy Text Block] | Premises and Equipment Premises and equipment are recorded at acquisition cost net of accumulated depreciation. Depreciation is charged to operations over the estimated useful lives of the assets. The estimated useful lives and methods of depreciation are as follows: Description Life in Years Method Banking Premises 15 - 40 Straight-Line and Accelerated Furniture and Equipment 5 - 10 Straight-Line and Accelerated Expenditures for major renewals and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. When property and equipment are retired or sold, the cost and accumulated depreciation are removed from the respective accounts and any gain or loss is reflected in other income or expense. |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | Goodwill Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired. Goodwill is assigned to reporting units and tested for impairment at least annually, or on an interim basis if an event occurs or circumstances change that would more likely than not |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | Intangible Assets Intangible assets consist of core deposit intangibles acquired in connection with a business combination. The core deposit intangible is initially recognized based on a valuation performed as of the consummation date. The core deposit intangible is amortized by the straight-line method over the average remaining life of the acquired customer deposits. |
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Policy [Policy Text Block] | Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not |
Cash and Cash Equivalents, Policy [Policy Text Block] | Statement of Cash Flows For reporting cash flows, cash and cash equivalents include cash on hand, noninterest-bearing amounts due from banks and federal funds sold. Cash flows from demand deposits, interest-bearing checking accounts, savings accounts, loans and certificates of deposit are reported net. |
Advertising Cost [Policy Text Block] | Advertising Costs The Company expenses the cost of advertising in the periods in which those costs are incurred. |
Income Tax, Policy [Policy Text Block] | Income Taxes The provision for income taxes is based upon income for financial statement purposes, adjusted for nontaxable income and nondeductible expenses. Deferred income taxes have been provided when different accounting methods have been used in determining income for income tax purposes and for financial reporting purposes. Deferred tax assets and liabilities are recognized based on future tax consequences attributable to differences arising from the financial statement carrying values of assets and liabilities and their tax bases. The differences relate primarily to depreciable assets (use of different depreciation methods for financial statement and income tax purposes) and allowance for loan losses (use of the allowance method for financial statement purposes and the direct write-off method for tax purposes). In the event of changes in the tax laws, deferred tax assets and liabilities are adjusted in the period of the enactment of those changes, with effects included in the income tax provision. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not Positions taken in the Company’s tax returns may not 50 may first |
Real Estate Owned, Valuation Allowance, Policy [Policy Text Block] | Other Real Estate Other real estate generally represents real estate acquired through foreclosure and is initially recorded at estimated fair value at the date of acquisition less the cost of disposal. Losses from the acquisition of property in full or partial satisfaction of debt are recorded as loan losses. Properties are evaluated regularly to ensure the recorded amounts are supported by current fair values, and valuation allowances are recorded as necessary to reduce the carrying amount to fair value less estimated cost of disposal. Routine holding costs and gains or losses upon disposition are included in other noninterest expense. |
Bank Owned Life Insurance [Policy Text Block] | Bank-Owned Life Insurance The Company has purchased life insurance on the lives of certain key members of management and directors. The life insurance policies are recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or amounts due that are probable at settlement, if applicable. Increases in the cash surrender value are recorded as other income in the consolidated statements of income. The cash surrender value of the insurance contracts is recorded in other assets on the consolidated balance sheets in the amount of $17,184 $17,598 March 31, 2019 December 31, 2018, |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on securities available for sale, represent equity changes from economic events of the period other than transactions with owners and are not |
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block] | Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded. |
New Accounting Pronouncements, Policy [Policy Text Block] | Changes in Accounting Principles and Effects of New Accounting Pronouncements ASU 2016 02, Leases (Topic 842 . December 15, 2018, 2016 02 January 1, 2019. not March 31, 2019. second 2019, two ASU 2016 13, Financial Instruments – Credit Losses (Topic 326 December 15, 2019, ASU 2017 04, Intangibles: Goodwill and Other: Simplifying the Test for Goodwill Impairmen t 2017 04 2 not 2017 04 zero 2 2017 04 December 15, 2019. January 1, 2017. not ASU 2017 08, Premium Amortization on Purchased Callable Debt Securities. not No. 2017 08 December 15, 2018; first 2017 08 January 1, 2019. not ASU 2018 13, Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (Topic 820 2018 13 December 15, 2019; 2018 13 ASU 2019 1, Leases (Topic 842 2019 1 2016 02, 1 not 2 942, 3 2019 1 first second December 15, 2019; first 2016 02. third no 2016 02. not |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Estimated Useful Lives and Methods of Depreciation [Table Text Block] | Description Life in Years Method Banking Premises 15 - 40 Straight-Line and Accelerated Furniture and Equipment 5 - 10 Straight-Line and Accelerated |
Note 2 - Business Acquisition (
Note 2 - Business Acquisition (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Purchase Price Consideration (in thousands) : Cash Consideration $ 10,238 Total purchase price for PFB branch acquisition $ 10,238 Assets acquired at fair value: Cash and cash equivalents $ 195 Loans 20,430 Premises and equipment, net 773 Core deposit intangible 560 Other assets 123 Total fair value of assets acquired $ 22,081 Liabilities assumed at fair value: Deposits $ 12,032 Other liabilities 13 Total fair value of liabilities assumed $ 12,045 Net Assets acquired at fair value: $ 10,036 Amount of goodwill resulting from acquisition $ 202 |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Marketable Securities [Table Text Block] | March 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 357,480 $ 883 $ (7,225 ) $ 351,138 State, County & Municipal 3,873 34 (12 ) 3,895 Corporate Bonds 2,899 - (43 ) 2,856 $ 364,252 $ 917 $ (7,280 ) $ 357,889 December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 356,498 $ 303 $ (10,596 ) $ 346,205 State, County & Municipal 4,008 18 (37 ) 3,989 Corporate Bonds 2,927 - (55 ) 2,872 $ 363,433 $ 321 $ (10,688 ) $ 353,066 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Securities Available for Sale Amortized Cost Fair Value Due In One Year or Less $ 351 $ 351 Due After One Year Through Five Years 4,158 4,129 Due After Five Years Through Ten Years 1,134 1,157 Due After Ten Years 1,129 1,114 $ 6,772 $ 6,751 Mortgage-Backed Securities 357,480 351,138 $ 364,252 $ 357,889 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less Than 12 Months 12 Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses March 31, 2019 U. S. Government Agencies Mortgage-Backed $ 12,669 $ (66 ) $ 253,449 $ (7,159 ) $ 266,118 $ (7,225 ) State, County and Municipal - - 1,600 (12 ) 1,600 (12 ) Corporate Bonds 2,005 (20 ) 851 (23 ) 2,856 (43 ) $ 14,674 $ (86 ) $ 255,900 $ (7,194 ) $ 270,574 $ (7,280 ) December 31. 2018 U.S. Government Agencies Mortgage-Backed $ 39,083 $ (504 ) $ 255,747 $ (10,092 ) $ 294,830 $ (10,596 ) State, County and Municipal 612 (3 ) 1,882 (34 ) 2,494 (37 ) Corporate Bonds 2,009 (21 ) 863 (34 ) 2,872 (55 ) $ 41,704 $ (528 ) $ 258,492 $ (10,160 ) $ 300,196 $ (10,688 ) |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, 2019 December 31, 2018 Commercial and Agricultural Commercial $ 51,368 $ 57,410 Agricultural 15,290 16,799 Real Estate Commercial Construction 44,305 47,849 Residential Construction 14,947 12,500 Commercial 373,263 373,534 Residential 181,004 187,714 Farmland 64,056 62,709 Consumer and Other Consumer 17,907 18,485 Other 17,851 5,027 Total Loans $ 779,991 $ 782,027 |
Financing Receivable Credit Quality Indicators [Table Text Block] | March 31, 2019 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 49,378 $ 1,277 $ 713 $ 51,368 Agricultural 13,554 1,215 521 15,290 Real Estate Commercial Construction 43,876 128 301 44,305 Residential Construction 14,947 - - 14,947 Commercial 357,401 7,681 8,181 373,263 Residential 166,641 4,147 10,216 181,004 Farmland 59,805 1,825 2,426 64,056 Consumer and Other Consumer 17,555 91 261 17,907 Other 17,848 - 3 17,851 Total Loans $ 741,005 $ 16,364 $ 22,622 $ 779,991 December 31, 2018 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 55,808 $ 729 $ 873 $ 57,410 Agricultural 15,664 637 498 16,799 Real Estate Commercial Construction 47,087 45 717 47,849 Residential Construction 12,500 - - 12,500 Commercial 358,139 7,662 7,733 373,534 Residential 170,050 7,107 10,557 187,714 Farmland 58,713 1,912 2,084 62,709 Consumer and Other Consumer 18,104 59 322 18,485 Other 5,018 5 4 5,027 Total Loans $ 741,083 $ 18,156 $ 22,788 $ 782,027 |
Financing Receivable, Past Due [Table Text Block] | March 31, 2019 Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current Loans Total Loans Commercial and Agricultural Commercial $ 106 $ - $ 106 $ 537 $ 50,725 $ 51,368 Agricultural 22 - 22 504 14,764 15,290 Real Estate Commercial Construction 22 - 22 40 44,243 44,305 Residential Construction - - - - 14,947 14,947 Commercial 228 - 228 1,740 371,295 373,263 Residential 2,546 - 2,546 2,569 175,889 181,004 Farmland 929 - 929 2,015 61,112 64,056 Consumer and Other Consumer 143 - 143 133 17,631 17,907 Other - - - 3 17,848 17,851 Total Loans $ 3,996 $ - $ 3,996 $ 7,541 $ 768,454 $ 779,991 December 31, 2018 Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current Loans Total Loans Commercial and Agricultural Commercial $ 282 $ - $ 282 $ 637 $ 56,491 $ 57,410 Agricultural 117 - 117 413 16,269 16,799 Real Estate Commercial Construction 88 - 88 463 47,298 47,849 Residential Construction - - - - 12,500 12,500 Commercial 679 - 679 2,966 369,889 373,534 Residential 6,882 - 6,882 2,734 178,098 187,714 Farmland 76 - 76 2,052 60,581 62,709 Consumer and Other Consumer 110 - 110 213 18,162 18,485 Other - - - 4 5,023 5,027 Total Loans $ 8,234 $ - $ 8,234 $ 9,482 $ 764,311 $ 782,027 |
Impaired Financing Receivables [Table Text Block] | March 31, 2019 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 594 $ 537 $ - $ 566 $ 8 $ 8 Agricultural 525 504 - 459 11 14 Commercial Construction 107 107 - 120 2 2 Residential Construction - - - - - - Commercial Real Estate 12,599 12,543 - 12,354 143 145 Residential Real Estate 4,481 3,958 - 4,044 7 59 Farmland 2,017 2,016 - 2,034 - 5 Consumer 134 134 - 173 2 2 Other 3 3 - 3 - - 20,460 19,802 - 19,753 173 235 With An Allowance Recorded Commercial - - - 21 - - Agricultural - - - - - - Commercial Construction - - - 199 - - Residential Construction - - - - - - Commercial Real Estate 1,985 1,985 819 2,838 16 16 Residential Real Estate 267 267 52 271 8 8 Farmland 361 361 34 362 6 6 Consumer - - - - - - Other - - - - - - 2,613 2,613 905 3,691 30 30 Total Commercial 594 537 - 587 8 8 Agricultural 525 504 - 459 11 14 Commercial Construction 107 107 - 319 2 2 Residential Construction - - - - - - Commercial Real Estate 14,584 14,528 819 15,192 159 161 Residential Real Estate 4,748 4,225 52 4,315 15 67 Farmland 2,378 2,377 34 2,396 6 11 Consumer 134 134 - 173 2 2 Other 3 3 - 3 - - $ 23,073 $ 22,415 $ 905 $ 23,444 $ 203 $ 265 December 31, 2018 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 595 $ 595 $ - $ 526 $ 21 $ 24 Agricultural 434 413 - 383 18 25 Commercial Construction 132 132 - 69 8 8 Residential Contruction - - - - - Commercial Real Estate 12,164 12,164 - 11,040 582 583 Residential Real Estate 4,214 4,130 - 4,067 208 213 Farmland 2,054 2,052 - 1,361 53 82 Consumer 213 213 - 197 14 14 Other 4 4 - 1 - - 19,810 19,703 - 17,644 904 949 With An Allowance Recorded Commercial 42 42 6 8 2 2 Agricultural - - - - - - Commercial Construction 399 399 39 466 - - Residential Contruction - - - - - - Commercial Real Estate 3,691 3,691 1,276 5,121 135 142 Residential Real Estate 274 274 61 98 8 8 Farmland 364 364 36 368 24 25 Consumer - - - - - - Other - - - - - - 4,770 4,770 1,418 6,061 169 177 Total Commercial 637 637 6 534 23 26 Agricultural 434 413 - 383 18 25 Commercial Construction 531 531 39 535 8 8 Residential Contruction - - - - - - Commercial Real Estate 15,855 15,855 1,276 16,161 717 725 Residential Real Estate 4,488 4,404 61 4,165 216 221 Farmland 2,418 2,416 36 1,729 77 107 Consumer 213 213 - 197 14 14 Other 4 4 - 1 - - $ 24,580 $ 24,473 $ 1,418 $ 23,705 $ 1,073 $ 1,126 March 31, 2018 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 595 $ 595 $ - $ 596 $ 8 $ 8 Agricultural 411 390 - 394 8 12 Commercial Construction 42 42 - 48 1 1 Commercial Real Estate 10,438 10,438 - 11,538 118 112 Residential Real Estate 4,379 3,956 - 4,268 46 49 Farmland 873 872 - 855 7 7 Consumer 210 210 - 199 3 3 16,948 16,503 - 17,898 191 192 With An Allowance Recorded Commercial - - - - - - Agricultural - - - - - - Commercial Construction 485 485 57 489 1 1 Commercial Real Estate 5,337 5,337 1,662 5,533 53 45 Residential Real Estate 36 36 21 72 1 1 Farmland 369 369 30 371 5 6 Consumer - - - - - - 6,227 6,227 1,770 6,465 60 53 Total Commercial 595 595 - 596 8 8 Agricultural 411 390 - 394 8 12 Commercial Construction 527 527 57 537 2 2 Commercial Real Estate 15,775 15,775 1,662 17,071 171 157 Residential Real Estate 4,415 3,992 21 4,340 47 50 Farmland 1,242 1,241 30 1,226 12 13 Consumer 210 210 - 199 3 3 $ 23,175 $ 22,730 $ 1,770 $ 24,363 $ 251 $ 245 |
Note 5 - Allowance for Loan L_2
Note 5 - Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | March 31, 2019 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 370 $ (97 ) $ 6 $ (38 ) $ 241 Agricultural 248 - - (23 ) 225 Real Estate Commercial Construction 115 (29 ) 17 (88 ) 15 Residential Construction 16 - - (11 ) 5 Commercial 4,549 (56 ) 33 (152 ) 4,374 Residential 1,181 (629 ) 49 348 949 Farmland 702 (63 ) 1 48 688 Consumer and Other Consumer 86 (70 ) 17 36 69 Other 10 - 2 11 23 $ 7,277 $ (944 ) $ 125 $ 131 $ 6,589 March 31, 2018 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 447 $ (4 ) $ 8 $ 19 $ 470 Agricultural 186 (17 ) 1 32 202 Real Estate Commercial Construction 1,216 - 20 187 1,423 Residential Construction - - - - - Commercial 3,874 - 4 (551 ) 3,327 Residential 968 (61 ) 12 270 1,189 Farmland 780 - 1 24 805 Consumer and Other Consumer 34 (59 ) 28 45 48 Other 3 - - - 3 $ 7,508 $ (141 ) $ 74 $ 26 $ 7,467 |
Schedule of Allowance for Loan Losses by Portfolio Segment [Table Text Block] | March 31, 2019 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ - $ 241 $ 241 $ 26 $ 51,342 $ 51,368 Agricultural - 225 225 23 15,267 15,290 Real Estate Commercial Construction - 15 15 68 44,237 44,305 Residential Construction - 5 5 - 14,947 14,947 Commercial 819 3,555 4,374 14,107 359,156 373,263 Residential 52 897 949 2,175 178,829 181,004 Farmland 34 654 688 2,102 61,954 64,056 Consumer and Other Consumer - 69 69 - 17,907 17,907 Other - 23 23 - 17,851 17,851 Total End of Period Balance $ 905 $ 5,684 $ 6,589 $ 18,501 $ 761,490 $ 779,991 March 31, 2018 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ - $ 470 $ 470 $ 77 $ 46,616 $ 46,693 Agricultural - 202 202 5 16,346 16,351 Real Estate Commercial Construction 57 1,366 1,423 485 49,174 49,659 Residential Construction - - - - 8,145 8,145 Commercial 1,662 1,665 3,327 15,574 338,524 354,098 Residential 21 1,168 1,189 2,023 191,353 193,376 Farmland 30 775 805 1,034 66,077 67,111 Consumer and Other Consumer - 48 48 - 18,805 18,805 Other - 3 3 - 14,259 14,259 Total End of Period Balance $ 1,770 $ 5,697 $ 7,467 $ 19,198 $ 749,299 $ 768,497 |
Note 6 - Other Real Estate Ow_2
Note 6 - Other Real Estate Owned (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Other Real Estate, Roll Forward [Table Text Block] | Three Months Ended Twelve Months Ended March 31, 2019 December 31, 2018 Balance, Beginning $ 1,841 $ 4,256 Additions 144 793 Sales of OREO (348 ) (2,949 ) Transfer to Bank Premises - (300 ) Gains (Losses) on Sale 4 303 Provision for Losses (6 ) (262 ) Balance, Ending $ 1,635 $ 1,841 |
Note 7 - Deposits (Tables)
Note 7 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | Three Months Ended Twelve Months Ended March 31, 2019 December 31, 2018 Interest-Bearing Demand $ 488,435 $ 471,794 Savings 85,259 79,453 Time, $250,000 and Over 53,801 53,881 Other Time 284,698 287,150 $ 912,193 $ 892,278 |
Scheduled Maturities Of Certificates Of Deposits [Table Text Block] | Maturity March 31, 2019 December 31, 2018 One Year and Under $ 232,126 $ 241,366 One to Three Years 91,444 82,412 Three Years and Over 14,929 17,253 $ 338,499 $ 341,031 |
Note 8 - Other Borrowed Money (
Note 8 - Other Borrowed Money (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | Ma r ch 3 1 , 201 9 December 31, 2018 Federal Home Loan Bank Advances $ 39,000 $ 44,000 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Year Amount 2020 $ 2,500 2021 - 2022 18,000 2023 6,000 2024 and After 12,500 $ 39,000 |
Note 9 - Subordinated Debentu_2
Note 9 - Subordinated Debentures (Trust Preferred Securities) (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Subordinated Borrowing [Table Text Block] | 3 Month Added Total 5 Year Description Date Amount Libor Rate Points Rate Maturity Call Option Colony Bankcorp Statutory Trust III 6/17/2004 $ 4,640 2.61463 2.68 5.29463 6/14/2034 6/17/2009 Colony Bankcorp Capital Trust I 4/13/2006 5,155 2.59175 1.50 4.09175 4/13/2036 4/13/2011 Colony Bankcorp Capital Trust II 3/12/2007 9,279 2.59175 1.65 4.24175 3/12/2037 3/12/2012 Colony Bankcorp Capital Trust III 9/14/2007 5,155 2.75050 1.40 4.15050 9/14/2037 9/14/2012 |
Note 10 - Commitments and Con_2
Note 10 - Commitments and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Summary Of Financial Instrument Outstanding [Table Text Block] | Contract Amount March 3 1 , 201 9 December 31, 2018 Loan Commitments $ 120,676 $ 98,736 Letters of Credit 1,521 1,525 |
Note 11 - Fair Value of Finan_2
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at March 31, 2019 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 85,705 $ 85,705 $ 85,705 $ - $ - Investment Securities Available for Sale 357,889 357,889 - 353,992 3,897 Federal Home Loan Bank Stock 2,782 2,782 2,782 - - Loans, Net 772,889 769,078 - 767,370 1,708 Bank-Owned Life Insurance 17,184 17,184 17,184 - - Liabilities Deposits 1,111,678 1,113,541 773,179 340,362 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 39,000 39,112 - 39,112 - Fair Value Measurements at December 31, 2018 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 60,155 $ 60,155 $ 60,155 $ - $ - Investment Securities Available for Sale 353,066 353,066 - 348,788 4,278 Federal Home Loan Bank Stock 2,978 2,978 2,978 - - Loans, Net 774,249 769,809 - 766,457 3,352 Bank-Owned Life Insurance 17,598 17,598 17,598 - - Liabilities Deposits 1,085,125 1,086,503 744,094 342,409 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 44,000 44,032 - 44,032 - |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs March 31, 2019 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale U.S. Government Agencies Mortgage-Backed $ 351,138 $ - $ 347,456 $ 3,682 State, County and Municipal 3,895 - 3,680 215 Corporate Bonds 2,856 - 2,856 - $ 357,889 $ - $ 353,992 $ 3,897 Nonrecurring Impaired Loans $ 1,708 $ - $ - $ 1,708 Other Real Estate $ 1,123 $ - $ - $ 1,123 Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs December 31, 2018 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale U.S. Government Agencies Mortgage-Backed $ 346,205 $ - $ 342,142 $ 4,063 State, County and Municipal 3,989 - 3,775 214 Corporate Bonds 2,872 - 2,872 - $ 353,066 $ - $ 348,789 $ 4,277 Nonrecurring Impaired Loans $ 3,352 $ - $ - $ 3,352 Other Real Estate $ 1,183 $ - $ - $ 1,183 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Valuation Unobservable Range March 31, 2019 Techniques Inputs Weighted Avg Real Estate Residential Real Estate 215 Sales Comparison Adjustment for Differences (10.86)% - 6.70% Between the Comparable Sales (2.08)% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Commercial Real Estate 1,166 Income Approach Capitalization Rate 10.50% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Farmland 327 Sales Comparison Adjustment for Differences (71.00)% - (3.50)% Between the Comparable Sales (37.25)% Management Adjustments for 10.00% - 80.00% Age of Appraisals and/or Current 45.00% Market Conditions Other Real Estate Owned 1,123 Sales Comparison Adjustment for Differences (30.00)% - 25.02% Between the Comparable Sales (2.49)% Management Adjustments for 9.82% - 99.39% Age of Appraisals and/or Current 38.12% Market Conditions Income Approach Discount Rate 10.00% Valuation Unobservable Range December 31, 2018 Techniques Inputs Weighted Avg Real Estate Commercial Construction $ 360 Sales Comparison Adjustment for Differences (6.00)% - 1,975.00% Between the Comparable Sales 984.20% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 213 Sales Comparison Adjustment for Differences (10.86)% - 6.70% Between the Comparable Sales (2.08)% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Commercial Real Estate 2,415 Sales Comparison Adjustment for Differences (60.00)% - 80.00% Between the Comparable Sales 10.00% Management Adjustments for 0.00% - 35.00% Age of Appraisals and/or Current 17.50% Market Conditions Income Approach Capitalization Rate 10.13% Farmland 328 Sales Comparison Adjustment for Differences (71.00)% - (3.50)% Between the Comparable Sales (37.25)% Management Adjustments for 10.00% - 80.00% Age of Appraisals and/or Current 45.00% Market Conditions Commercial 36 Sales Contract Adjustment for Estimated Costs 0.00% - 0.00% to Sell (0.00)% Management Adjustment for 0.00% - 15.00% Age of Appraisals and/or Current 15.00% Market Conditions Other Real Estate Owned 1,183 Sales Comparison Adjustment for Differences (30.00)% - 25.02% Between the Comparable Sales (2.49)% Management Adjustment for 9.82% - 99.39% Age of Appraisals and/or Current 35.26% Market Conditions Income Approach Capitalization Rate 10.00% |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | Available for Sale Securities March 31, 2019 December 31, 2018 Balance, Beginning $ 4,277 $ 7,298 Transfers out of Level 3 - (2,009 ) Maturities - - Purchases - - Paydowns (390 ) (886 ) Unrealized Gains included in Other Comprehensive Income (Loss) 10 (126 ) Balance, Ending $ 3,897 $ 4,277 |
Fair Value, Inputs, Level 3 [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Unobservable Range March 31, 2019 Fair Value Valuation Techniques Inputs (Weighted Avg) State, County and Municipal $ 215 Discounted Cash Flow Discount Rate or Yield N/A* U. S. Government Agencies Mortgage -Backed 3,682 Fundamental Analysis Discount Rate or Yield N/A* |
Note 12 - Regulatory Capital _2
Note 12 - Regulatory Capital Matters (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of March 31, 2019 Total Capital to Risk-Weighted Assets Consolidated $ 135,451 16.09 % $ 67,341 8.00 % N/A N/A Colony Bank 132,664 15.78 67,237 8.00 $ 84,047 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 128,862 15.31 50,505 6.00 N/A N/A Colony Bank 126,075 15.00 50,428 6.00 67,237 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 105,362 12.52 37,879 4.50 N/A N/A Colony Bank 126,075 15.00 37,821 4.50 54,630 6.50 Tier I Capital to Average Assets Consolidated 128,862 10.18 50,637 4.00 N/A N/A Colony Bank 126,075 9.97 50,557 4.00 63,196 5.00 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2018 Total Capital to Risk-Weighted Assets Consolidated $ 133,900 15.86 % $ 67,527 8.00 % N/A N/A Colony Bank 131,723 15.63 67,418 8.00 $ 84,272 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 126,623 15.00 50,645 6.00 N/A N/A Colony Bank 124,446 14.77 50,563 6.00 67,418 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 103,123 12.22 37,984 4.50 N/A N/A Colony Bank 124,446 14.77 37,923 4.50 54,777 6.50 Tier I Capital to Average Assets Consolidated 126,623 10.24 49,478 4.00 N/A N/A Colony Bank 124,446 10.08 49,396 4.00 61,745 5.00 |
Note 14 - Earnings Per Share (T
Note 14 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended March 31 2019 2018 Numerator Net Income Available to Common Stockholders $ 2,835 $ 3,188 Denominator Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share 8,440 8,439 Dilutive Effect of Potential Common Stock Restricted Stock - - Stock Warrants - 218 Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share 8,440 8,657 Earnings Per Share - Basic $ 0.34 $ 0.38 Earnings Per Share - Diluted $ 0.34 $ 0.37 |
Note 15 - Accumulated Other C_2
Note 15 - Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | March 31, 2019 December 31, 2018 Beginning Balance $ (8,190 ) $ (6,492 ) Other Comprehensive Income Before Reclassification 3,163 (1,607 ) Amounts Reclassified from Accumulated Other Comprehensive Income - (91 ) Net Current Period Other Comprehensive Income 3,163 (1,698 ) Ending Balance $ (5,027 ) $ (8,190 ) |
Note 1 - Summary of Significa_3
Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Dec. 31, 2018 | |
Percentage of Loan Portfolio Concentrated in Loans Secured by Real Estate. | 87.00% | |
Discounted Percentage to Account for Selling and Marketing Costs | 10.00% | |
Probability of Uncertain Tax Positions of Being Realized upon Settlement, Minimum | 50.00% | |
Other Assets [Member] | ||
Cash Surrender Value of Life Insurance | $ 17,184 | $ 17,598 |
Note 1 - Summary of Significa_4
Note 1 - Summary of Significant Accounting Policies - Estimated Useful Lives and Methods of Depreciation (Details) | 3 Months Ended |
Mar. 31, 2019 | |
Banking Premises [Member] | |
Property, plant and equipment, depreciation method | Straight-Line and Accelerated |
Banking Premises [Member] | Minimum [Member] | |
Property, plant and equipment, useful life (Year) | 15 years |
Banking Premises [Member] | Maximum [Member] | |
Property, plant and equipment, useful life (Year) | 40 years |
Furniture and Equipment [Member] | |
Property, plant and equipment, depreciation method | Straight-Line and Accelerated |
Furniture and Equipment [Member] | Minimum [Member] | |
Property, plant and equipment, useful life (Year) | 5 years |
Furniture and Equipment [Member] | Maximum [Member] | |
Property, plant and equipment, useful life (Year) | 10 years |
Note 2 - Business Acquisition_2
Note 2 - Business Acquisition (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | May 01, 2019 | Apr. 16, 2019 | Oct. 22, 2018 | Mar. 31, 2019 | Dec. 31, 2018 |
Goodwill, Ending Balance | $ 202 | $ 202 | |||
Assets, Total | 1,279,077 | 1,251,878 | |||
Deposits, Total | 1,111,678 | $ 1,085,125 | |||
LBC Bancshares, Inc [Member] | |||||
Assets, Total | 207,300 | ||||
Financing Receivable, after Allowance for Credit Loss, Total | 131,900 | ||||
Deposits, Total | 184,900 | ||||
Planters First Bank [Member] | |||||
Payments to Acquire Businesses, Gross | $ 10,238 | ||||
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 71 | ||||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | $ (75) | ||||
Goodwill, Ending Balance | 202 | ||||
Business Acquisition, Goodwill, Expected Tax Deductible Amount | 202 | ||||
Business Combination, Consideration Transferred, Total | $ 10,238 | ||||
LBC Bancshares, Inc [Member] | Subsequent Event [Member] | |||||
Payments to Acquire Businesses, Gross | $ 15,300 | ||||
Business Acquisition, Share Price | $ 23.50 | ||||
Business Acquisition, Number of Shares of Acquiring Entity for Each Share of Acquired Entity | 1.3239 | ||||
Business Acquistion, Percentage of Shares Receiving Stock Consideration | 55.00% | ||||
Business Acquistion, Percentage of Shares Receiving Cash Consideration | 45.00% | ||||
Business Acquisition, Minimum Percentage of Merger Consideration Paid in Stock | 50.00% | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 1,054,029 | ||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 18,700 | ||||
PFB Mortgage [Member] | Subsequent Event [Member] | |||||
Business Combination, Consideration Transferred, Total | $ 833 |
Note 2 - Business Acquisition -
Note 2 - Business Acquisition - Assets and Liabilties Aquired (Details) - USD ($) $ in Thousands | Oct. 22, 2018 | Mar. 31, 2019 | Dec. 31, 2018 |
Liabilities assumed at fair value: | |||
Goodwill, Ending Balance | $ 202 | $ 202 | |
Planters First Bank [Member] | |||
Purchase Price Consideration (in thousands): | |||
Cash Consideration | $ 10,238 | ||
Total purchase price for PFB branch acquisition | 10,238 | ||
Assets acquired at fair value: | |||
Cash and cash equivalents | 195 | ||
Loans | 20,430 | ||
Premises and equipment, net | 773 | ||
Core deposit intangible | 560 | ||
Other assets | 123 | ||
Total fair value of assets acquired | 22,081 | ||
Liabilities assumed at fair value: | |||
Deposits | 12,032 | ||
Other liabilities | 13 | ||
Total fair value of liabilities assumed | 12,045 | ||
Net Assets acquired at fair value: | 10,036 | ||
Goodwill, Ending Balance | $ 202 |
Note 3 - Investment Securitie_2
Note 3 - Investment Securities (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Proceeds from Sale of Available-for-sale Securities, Total | $ 0 | $ 0 | |
Security Owned and Pledged as Collateral, Fair Value, Total | $ 151,428 | $ 178,978 | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total | 133 | ||
Depreciated Debt Securities With Unrealized Losses | 2.00% | ||
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Total | $ 0 | ||
Available-for-sale Securities, Gross Realized Losses | 0 | 0 | |
Available-for-sale Securities, Gross Realized Gains | $ 0 | $ 0 |
Note 3 - Investment Securitie_3
Note 3 - Investment Securities - Schedule of Investment Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Available for sale securities, amortized cost | $ 364,252 | $ 363,433 |
Available for sale securities, gross unrealized gains | 917 | 321 |
Available for sale securities, gross unrealized losses | (7,280) | (10,688) |
Available for Sale, at Fair Value | 357,889 | 353,066 |
US Government Agencies Debt Securities [Member] | ||
Available for sale securities, amortized cost | 357,480 | 356,498 |
Available for sale securities, gross unrealized gains | 883 | 303 |
Available for sale securities, gross unrealized losses | (7,225) | (10,596) |
Available for Sale, at Fair Value | 351,138 | 346,205 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 3,873 | 4,008 |
Available for sale securities, gross unrealized gains | 34 | 18 |
Available for sale securities, gross unrealized losses | (12) | (37) |
Available for Sale, at Fair Value | 3,895 | 3,989 |
Corporate Debt Securities [Member] | ||
Available for sale securities, amortized cost | 2,899 | 2,927 |
Available for sale securities, gross unrealized gains | ||
Available for sale securities, gross unrealized losses | (43) | (55) |
Available for Sale, at Fair Value | $ 2,856 | $ 2,872 |
Note 3 - Investment Securitie_4
Note 3 - Investment Securities - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Due In One Year or Less, amortized cost | $ 351 | |
Due In One Year or Less, fair value | 351 | |
Due After One Year Through Five Years, amortized cost | 4,158 | |
Due After One Year Through Five Years, fair value | 4,129 | |
Due After Five Years Through Ten Years, amortized cost | 1,134 | |
Due After Five Years Through Ten Years, fair value | 1,157 | |
Due After Ten Years, amortized cost | 1,129 | |
Due After Ten Years, fair value | 1,114 | |
Amortized cost with single maturity date | 6,772 | |
Fair value with single maturity date | 6,751 | |
Mortgage-Backed Securities, amortized cost | 357,480 | |
Mortgage-Backed Securities, fair value | 351,138 | |
Amortized cost | 364,252 | $ 363,433 |
Fair Value | $ 357,889 | $ 353,066 |
Note 3 - Investment Securitie_5
Note 3 - Investment Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Continuous unrealized loss, less than 12 months, fair value | $ 14,674 | $ 41,704 |
Continuous unrealized loss, less than 12 months, gross unrealized losses | (86) | (528) |
Continuous unrealized loss, greater than 12 months, fair value | 255,900 | 258,492 |
Continuous unrealized loss, greater than 12 months, gross unrealized losses | (7,194) | (10,160) |
Continuous unrealized loss, fair value | 270,574 | 300,196 |
Continuous unrealized loss, gross unrealized losses | (7,280) | (10,688) |
US Government Agencies Debt Securities [Member] | ||
Continuous unrealized loss, less than 12 months, fair value | 12,669 | 39,083 |
Continuous unrealized loss, less than 12 months, gross unrealized losses | (66) | (504) |
Continuous unrealized loss, greater than 12 months, fair value | 253,449 | 255,747 |
Continuous unrealized loss, greater than 12 months, gross unrealized losses | (7,159) | (10,092) |
Continuous unrealized loss, fair value | 266,118 | 294,830 |
Continuous unrealized loss, gross unrealized losses | (7,225) | (10,596) |
US States and Political Subdivisions Debt Securities [Member] | ||
Continuous unrealized loss, less than 12 months, fair value | 612 | |
Continuous unrealized loss, less than 12 months, gross unrealized losses | (3) | |
Continuous unrealized loss, greater than 12 months, fair value | 1,600 | 1,882 |
Continuous unrealized loss, greater than 12 months, gross unrealized losses | (12) | (34) |
Continuous unrealized loss, fair value | 1,600 | 2,494 |
Continuous unrealized loss, gross unrealized losses | (12) | (37) |
Corporate Debt Securities [Member] | ||
Continuous unrealized loss, less than 12 months, fair value | 2,005 | 2,009 |
Continuous unrealized loss, less than 12 months, gross unrealized losses | (20) | (21) |
Continuous unrealized loss, greater than 12 months, fair value | 851 | 863 |
Continuous unrealized loss, greater than 12 months, gross unrealized losses | (23) | (34) |
Continuous unrealized loss, fair value | 2,856 | 2,872 |
Continuous unrealized loss, gross unrealized losses | $ (43) | $ (55) |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) | 3 Months Ended | |
Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | |
Loan Balance For Reviewing High Risk Loans Minimum | $ 250,000 | |
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 1 |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 131,067,000 |
Note 4 - Loans - Segregated by
Note 4 - Loans - Segregated by Class of Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Loans | $ 779,991 | $ 782,027 | $ 768,497 |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | |||
Loans | 51,368 | 57,410 | 46,693 |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | |||
Loans | 15,290 | 16,799 | 16,351 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | |||
Loans | 373,263 | 373,534 | 354,098 |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | |||
Loans | 44,305 | 47,849 | 49,659 |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | |||
Loans | 14,947 | 12,500 | 8,145 |
Real Estate Portfolio Segment [Member] | Residential [Member] | |||
Loans | 181,004 | 187,714 | 193,376 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans | 64,056 | 62,709 | 67,111 |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | |||
Loans | 17,907 | 18,485 | 18,805 |
Consumer and Other Portfolio Segment [Member] | Other [Member] | |||
Loans | $ 17,851 | $ 5,027 | $ 14,259 |
Note 4 - Loans - Loan Portfolio
Note 4 - Loans - Loan Portfolio by Credit Quality Indicator (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Loans | $ 779,991 | $ 782,027 | $ 768,497 |
Pass [Member] | |||
Loans | 741,005 | 741,083 | |
Special Mention [Member] | |||
Loans | 16,364 | 18,156 | |
Substandard [Member] | |||
Loans | 22,622 | 22,788 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | |||
Loans | 51,368 | 57,410 | 46,693 |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Pass [Member] | |||
Loans | 49,378 | 55,808 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member] | |||
Loans | 1,277 | 729 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Substandard [Member] | |||
Loans | 713 | 873 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | |||
Loans | 15,290 | 16,799 | 16,351 |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Pass [Member] | |||
Loans | 13,554 | 15,664 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Special Mention [Member] | |||
Loans | 1,215 | 637 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Substandard [Member] | |||
Loans | 521 | 498 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | |||
Loans | 373,263 | 373,534 | 354,098 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Pass [Member] | |||
Loans | 357,401 | 358,139 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member] | |||
Loans | 7,681 | 7,662 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Substandard [Member] | |||
Loans | 8,181 | 7,733 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | |||
Loans | 44,305 | 47,849 | 49,659 |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Pass [Member] | |||
Loans | 43,876 | 47,087 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Special Mention [Member] | |||
Loans | 128 | 45 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Substandard [Member] | |||
Loans | 301 | 717 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | |||
Loans | 14,947 | 12,500 | 8,145 |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Pass [Member] | |||
Loans | 14,947 | 12,500 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Special Mention [Member] | |||
Loans | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Substandard [Member] | |||
Loans | |||
Real Estate Portfolio Segment [Member] | Residential [Member] | |||
Loans | 181,004 | 187,714 | 193,376 |
Real Estate Portfolio Segment [Member] | Residential [Member] | Pass [Member] | |||
Loans | 166,641 | 170,050 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Special Mention [Member] | |||
Loans | 4,147 | 7,107 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Substandard [Member] | |||
Loans | 10,216 | 10,557 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans | 64,056 | 62,709 | 67,111 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Pass [Member] | |||
Loans | 59,805 | 58,713 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member] | |||
Loans | 1,825 | 1,912 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Substandard [Member] | |||
Loans | 2,426 | 2,084 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | |||
Loans | 17,907 | 18,485 | 18,805 |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Pass [Member] | |||
Loans | 17,555 | 18,104 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Special Mention [Member] | |||
Loans | 91 | 59 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Substandard [Member] | |||
Loans | 261 | 322 | |
Consumer and Other Portfolio Segment [Member] | Other [Member] | |||
Loans | 17,851 | 5,027 | $ 14,259 |
Consumer and Other Portfolio Segment [Member] | Other [Member] | Pass [Member] | |||
Loans | 17,848 | 5,018 | |
Consumer and Other Portfolio Segment [Member] | Other [Member] | Special Mention [Member] | |||
Loans | 5 | ||
Consumer and Other Portfolio Segment [Member] | Other [Member] | Substandard [Member] | |||
Loans | $ 3 | $ 4 |
Note 4 - Loans - Age Analysis o
Note 4 - Loans - Age Analysis of Past Due Loans and Nonaccrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Accruing loans past due | $ 3,996 | $ 8,234 | |
Nonaccrual loans | 7,541 | 9,482 | |
Current loans | 768,454 | 764,311 | |
Loans | 779,991 | 782,027 | $ 768,497 |
Financing Receivables, 30-89 Days Past Due [Member] | |||
Accruing loans past due | 3,996 | 8,234 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | |||
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | |||
Accruing loans past due | 106 | 282 | |
Nonaccrual loans | 537 | 637 | |
Current loans | 50,725 | 56,491 | |
Loans | 51,368 | 57,410 | 46,693 |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member] | |||
Accruing loans past due | 106 | 282 | |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | |||
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | |||
Accruing loans past due | 22 | 117 | |
Nonaccrual loans | 504 | 413 | |
Current loans | 14,764 | 16,269 | |
Loans | 15,290 | 16,799 | 16,351 |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financing Receivables, 30-89 Days Past Due [Member] | |||
Accruing loans past due | 22 | 117 | |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Commercial [Member] | |||
Accruing loans past due | 228 | 679 | |
Nonaccrual loans | 1,740 | 2,966 | |
Current loans | 371,295 | 369,889 | |
Loans | 373,263 | 373,534 | 354,098 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member] | |||
Accruing loans past due | 228 | 679 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | |||
Accruing loans past due | 22 | 88 | |
Nonaccrual loans | 40 | 463 | |
Current loans | 44,243 | 47,298 | |
Loans | 44,305 | 47,849 | 49,659 |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financing Receivables, 30-89 Days Past Due [Member] | |||
Accruing loans past due | 22 | 88 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | |||
Accruing loans past due | |||
Nonaccrual loans | |||
Current loans | 14,947 | 12,500 | |
Loans | 14,947 | 12,500 | 8,145 |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financing Receivables, 30-89 Days Past Due [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Residential [Member] | |||
Accruing loans past due | 2,546 | 6,882 | |
Nonaccrual loans | 2,569 | 2,734 | |
Current loans | 175,889 | 178,098 | |
Loans | 181,004 | 187,714 | 193,376 |
Real Estate Portfolio Segment [Member] | Residential [Member] | Financing Receivables, 30-89 Days Past Due [Member] | |||
Accruing loans past due | 2,546 | 6,882 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | |||
Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Accruing loans past due | 929 | 76 | |
Nonaccrual loans | 2,015 | 2,052 | |
Current loans | 61,112 | 60,581 | |
Loans | 64,056 | 62,709 | 67,111 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financing Receivables, 30-89 Days Past Due [Member] | |||
Accruing loans past due | 929 | 76 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | |||
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | |||
Accruing loans past due | 143 | 110 | |
Nonaccrual loans | 133 | 213 | |
Current loans | 17,631 | 18,162 | |
Loans | 17,907 | 18,485 | 18,805 |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financing Receivables, 30-89 Days Past Due [Member] | |||
Accruing loans past due | 143 | 110 | |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due | |||
Consumer and Other Portfolio Segment [Member] | Other [Member] | |||
Accruing loans past due | |||
Nonaccrual loans | 3 | 4 | |
Current loans | 17,848 | 5,023 | |
Loans | 17,851 | 5,027 | $ 14,259 |
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financing Receivables, 30-89 Days Past Due [Member] | |||
Accruing loans past due | |||
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Accruing loans past due |
Note 4 - Loans - Impaired Loan
Note 4 - Loans - Impaired Loan Data (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Unpaid contractual principal balance with no related allowance | $ 20,460 | $ 16,948 | $ 19,810 |
Impaired balance with no related allowance | 19,802 | 16,503 | 19,703 |
Average recorded investment with no related allowance | 19,753 | 17,898 | 17,644 |
Interest income recognized with no related allowance | 173 | 191 | 904 |
Interest income collected with no related allowance | 235 | 192 | 949 |
Unpaid contractual principal balance with an allowance | 2,613 | 6,227 | 4,770 |
Impaired balance with an allowance | 2,613 | 6,227 | 4,770 |
Related allowance | 905 | 1,770 | 1,418 |
Average recorded investment with an allowance | 3,691 | 6,465 | 6,061 |
Interest income recognized with an allowance | 30 | 60 | 169 |
Interest income collected with an allowance | 30 | 53 | 177 |
Unpaid contractual principal balance | 23,073 | 23,175 | 24,580 |
Impaired balance | 22,415 | 22,730 | 24,473 |
Average recorded investment | 23,444 | 24,363 | 23,705 |
Interest income recognized | 203 | 251 | 1,073 |
Interest income collected | 265 | 245 | 1,126 |
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | |||
Unpaid contractual principal balance with no related allowance | 594 | 595 | 595 |
Impaired balance with no related allowance | 537 | 595 | 595 |
Average recorded investment with no related allowance | 566 | 596 | 526 |
Interest income recognized with no related allowance | 8 | 8 | 21 |
Interest income collected with no related allowance | 8 | 8 | 24 |
Unpaid contractual principal balance with an allowance | 0 | 0 | 42 |
Impaired balance with an allowance | 0 | 0 | 42 |
Related allowance | 0 | 0 | 6 |
Average recorded investment with an allowance | 21 | 0 | 8 |
Interest income recognized with an allowance | 0 | 0 | 2 |
Interest income collected with an allowance | 0 | 0 | 2 |
Unpaid contractual principal balance | 594 | 595 | 637 |
Impaired balance | 537 | 595 | 637 |
Average recorded investment | 587 | 596 | 534 |
Interest income recognized | 8 | 8 | 23 |
Interest income collected | 8 | 8 | 26 |
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | |||
Unpaid contractual principal balance with no related allowance | 525 | 411 | 434 |
Impaired balance with no related allowance | 504 | 390 | 413 |
Average recorded investment with no related allowance | 459 | 394 | 383 |
Interest income recognized with no related allowance | 11 | 8 | 18 |
Interest income collected with no related allowance | 14 | 12 | 25 |
Unpaid contractual principal balance with an allowance | 0 | 0 | 0 |
Impaired balance with an allowance | 0 | 0 | 0 |
Related allowance | 0 | 0 | 0 |
Average recorded investment with an allowance | 0 | 0 | 0 |
Interest income recognized with an allowance | 0 | 0 | 0 |
Interest income collected with an allowance | 0 | 0 | 0 |
Unpaid contractual principal balance | 525 | 411 | 434 |
Impaired balance | 504 | 390 | 413 |
Average recorded investment | 459 | 394 | 383 |
Interest income recognized | 11 | 8 | 18 |
Interest income collected | 14 | 12 | 25 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | |||
Unpaid contractual principal balance with no related allowance | 12,599 | 10,438 | 12,164 |
Impaired balance with no related allowance | 12,543 | 10,438 | 12,164 |
Average recorded investment with no related allowance | 12,354 | 11,538 | 11,040 |
Interest income recognized with no related allowance | 143 | 118 | 582 |
Interest income collected with no related allowance | 145 | 112 | 583 |
Unpaid contractual principal balance with an allowance | 1,985 | 5,337 | 3,691 |
Impaired balance with an allowance | 1,985 | 5,337 | 3,691 |
Related allowance | 819 | 1,662 | 1,276 |
Average recorded investment with an allowance | 2,838 | 5,533 | 5,121 |
Interest income recognized with an allowance | 16 | 53 | 135 |
Interest income collected with an allowance | 16 | 45 | 142 |
Unpaid contractual principal balance | 14,584 | 15,775 | 15,855 |
Impaired balance | 14,528 | 15,775 | 15,855 |
Average recorded investment | 15,192 | 17,071 | 16,161 |
Interest income recognized | 159 | 171 | 717 |
Interest income collected | 161 | 157 | 725 |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | |||
Unpaid contractual principal balance with no related allowance | 107 | 42 | 132 |
Impaired balance with no related allowance | 107 | 42 | 132 |
Average recorded investment with no related allowance | 120 | 48 | 69 |
Interest income recognized with no related allowance | 2 | 1 | 8 |
Interest income collected with no related allowance | 2 | 1 | 8 |
Unpaid contractual principal balance with an allowance | 0 | 485 | 399 |
Impaired balance with an allowance | 0 | 485 | 399 |
Related allowance | 0 | 57 | 39 |
Average recorded investment with an allowance | 199 | 489 | 466 |
Interest income recognized with an allowance | 0 | 1 | 0 |
Interest income collected with an allowance | 0 | 1 | 0 |
Unpaid contractual principal balance | 107 | 527 | 531 |
Impaired balance | 107 | 527 | 531 |
Average recorded investment | 319 | 537 | 535 |
Interest income recognized | 2 | 2 | 8 |
Interest income collected | 2 | 2 | 8 |
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | |||
Unpaid contractual principal balance with no related allowance | 0 | 0 | |
Impaired balance with no related allowance | 0 | 0 | |
Average recorded investment with no related allowance | 0 | 0 | |
Interest income recognized with no related allowance | 0 | 0 | |
Interest income collected with no related allowance | 0 | 0 | |
Unpaid contractual principal balance with an allowance | 0 | 0 | |
Impaired balance with an allowance | 0 | 0 | |
Related allowance | 0 | 0 | |
Average recorded investment with an allowance | 0 | 0 | |
Interest income recognized with an allowance | 0 | 0 | |
Interest income collected with an allowance | 0 | 0 | |
Unpaid contractual principal balance | 0 | ||
Impaired balance | 0 | ||
Average recorded investment | 0 | 0 | |
Interest income recognized | 0 | 0 | |
Interest income collected | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | |||
Unpaid contractual principal balance with no related allowance | 4,481 | 4,379 | 4,214 |
Impaired balance with no related allowance | 3,958 | 3,956 | 4,130 |
Average recorded investment with no related allowance | 4,044 | 4,268 | 4,067 |
Interest income recognized with no related allowance | 7 | 46 | 208 |
Interest income collected with no related allowance | 59 | 49 | 213 |
Unpaid contractual principal balance with an allowance | 267 | 36 | 274 |
Impaired balance with an allowance | 267 | 36 | 274 |
Related allowance | 52 | 21 | 61 |
Average recorded investment with an allowance | 271 | 72 | 98 |
Interest income recognized with an allowance | 8 | 1 | 8 |
Interest income collected with an allowance | 8 | 1 | 8 |
Unpaid contractual principal balance | 4,748 | 4,415 | 4,488 |
Impaired balance | 4,225 | 3,992 | 4,404 |
Average recorded investment | 4,315 | 4,340 | 4,165 |
Interest income recognized | 15 | 47 | 216 |
Interest income collected | 67 | 50 | 221 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Unpaid contractual principal balance with no related allowance | 2,017 | 873 | 2,054 |
Impaired balance with no related allowance | 2,016 | 872 | 2,052 |
Average recorded investment with no related allowance | 2,034 | 855 | 1,361 |
Interest income recognized with no related allowance | 0 | 7 | 53 |
Interest income collected with no related allowance | 5 | 7 | 82 |
Unpaid contractual principal balance with an allowance | 361 | 369 | 364 |
Impaired balance with an allowance | 361 | 369 | 364 |
Related allowance | 34 | 30 | 36 |
Average recorded investment with an allowance | 362 | 371 | 368 |
Interest income recognized with an allowance | 6 | 5 | 24 |
Interest income collected with an allowance | 6 | 6 | 25 |
Unpaid contractual principal balance | 2,378 | 1,242 | 2,418 |
Impaired balance | 2,377 | 1,241 | 2,416 |
Average recorded investment | 2,396 | 1,226 | 1,729 |
Interest income recognized | 6 | 12 | 77 |
Interest income collected | 11 | 13 | 107 |
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | |||
Unpaid contractual principal balance with no related allowance | 134 | 210 | 213 |
Impaired balance with no related allowance | 134 | 210 | 213 |
Average recorded investment with no related allowance | 173 | 199 | 197 |
Interest income recognized with no related allowance | 2 | 3 | 14 |
Interest income collected with no related allowance | 2 | 3 | 14 |
Unpaid contractual principal balance with an allowance | 0 | 0 | 0 |
Impaired balance with an allowance | 0 | 0 | 0 |
Related allowance | 0 | 0 | 0 |
Average recorded investment with an allowance | 0 | 0 | 0 |
Interest income recognized with an allowance | 0 | 0 | 0 |
Interest income collected with an allowance | 0 | 0 | 0 |
Unpaid contractual principal balance | 134 | 210 | 213 |
Impaired balance | 134 | 210 | 213 |
Average recorded investment | 173 | 199 | 197 |
Interest income recognized | 2 | 3 | 14 |
Interest income collected | 2 | $ 3 | 14 |
Consumer and Other Portfolio Segment [Member] | Other [Member] | |||
Unpaid contractual principal balance with no related allowance | 3 | 4 | |
Impaired balance with no related allowance | 3 | 4 | |
Average recorded investment with no related allowance | 3 | 1 | |
Interest income recognized with no related allowance | 0 | 0 | |
Interest income collected with no related allowance | 0 | 0 | |
Unpaid contractual principal balance with an allowance | 0 | ||
Impaired balance with an allowance | 0 | ||
Related allowance | 0 | 0 | |
Average recorded investment with an allowance | 0 | 0 | |
Interest income recognized with an allowance | 0 | 0 | |
Interest income collected with an allowance | 0 | 0 | |
Unpaid contractual principal balance | 3 | 4 | |
Impaired balance | 3 | 4 | |
Average recorded investment | 3 | 1 | |
Interest income recognized | 0 | 0 | |
Interest income collected | $ 0 | $ 0 |
Note 5 - Allowance for Loan L_3
Note 5 - Allowance for Loan Losses (Details Textual) | Mar. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Mar. 31, 2018USD ($) | Dec. 31, 2017USD ($) |
Loan Balance For Reviewing High Risk Loans Minimum | $ 250,000 | |||
Impaired Financing Receivable, Number of Loans Below Review Threshold | 134 | 144 | ||
Impaired Financing Receivable Recorded Investment Below Review Threshold | $ 3,900,000 | $ 3,500,000 | ||
Loans and Leases Receivable, Gross, Total | 779,991,000 | $ 782,027,000 | 768,497,000 | |
Loans and Leases Receivable, Allowance, Ending Balance | 6,589,000 | 7,277,000 | 7,467,000 | $ 7,508,000 |
Substandard [Member] | ||||
Loans and Leases Receivable, Gross, Total | 22,622,000 | $ 22,788,000 | ||
Loans Not Classified as Impaired [Member] | Substandard [Member] | ||||
Loans and Leases Receivable, Gross, Total | 10,280,000 | 12,700,000 | ||
Loans and Leases Receivable, Allowance, Ending Balance | $ 1,860,000 | $ 1,220,000 |
Note 5 - Allowance for Loan L_4
Note 5 - Allowance for Loan Losses - Segregated by Class of Loan (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Allowance for loan losses, beginning balance | $ 7,277 | $ 7,508 |
Allowance for loan losses, charge-offs | (944) | (141) |
Allowance for loan losses, recoveries | 125 | 74 |
Allowance for loan losses, provision | 131 | 26 |
Allowance for loan losses, ending balance | 6,589 | 7,467 |
Allowance for loan losses, provision | 131 | 26 |
Provision for Loan Losses | 131 | 26 |
Commercial [Member] | Commercial and Agricultural Portfolio Segment [Member] | ||
Allowance for loan losses, beginning balance | 370 | 447 |
Allowance for loan losses, charge-offs | (97) | (4) |
Allowance for loan losses, recoveries | 6 | 8 |
Allowance for loan losses, provision | (38) | 19 |
Allowance for loan losses, ending balance | 241 | 470 |
Allowance for loan losses, provision | (38) | 19 |
Provision for Loan Losses | (38) | 19 |
Commercial [Member] | Real Estate Portfolio Segment [Member] | ||
Allowance for loan losses, beginning balance | 4,549 | 3,874 |
Allowance for loan losses, charge-offs | (56) | |
Allowance for loan losses, recoveries | 33 | 4 |
Allowance for loan losses, provision | (152) | (551) |
Allowance for loan losses, ending balance | 4,374 | 3,327 |
Allowance for loan losses, provision | (152) | (551) |
Provision for Loan Losses | (152) | (551) |
Agricultural [Member] | Commercial and Agricultural Portfolio Segment [Member] | ||
Allowance for loan losses, beginning balance | 248 | 186 |
Allowance for loan losses, charge-offs | 0 | (17) |
Allowance for loan losses, recoveries | 0 | 1 |
Allowance for loan losses, provision | (23) | 32 |
Allowance for loan losses, ending balance | 225 | 202 |
Allowance for loan losses, provision | (23) | 32 |
Provision for Loan Losses | (23) | 32 |
Commercial Construction [Member] | Real Estate Portfolio Segment [Member] | ||
Allowance for loan losses, beginning balance | 115 | 1,216 |
Allowance for loan losses, charge-offs | (29) | |
Allowance for loan losses, recoveries | 17 | 20 |
Allowance for loan losses, provision | (88) | 187 |
Allowance for loan losses, ending balance | 15 | 1,423 |
Allowance for loan losses, provision | (88) | 187 |
Provision for Loan Losses | (88) | 187 |
Residential Construction [Member] | Real Estate Portfolio Segment [Member] | ||
Allowance for loan losses, beginning balance | 16 | |
Allowance for loan losses, charge-offs | 0 | 0 |
Allowance for loan losses, recoveries | 0 | 0 |
Allowance for loan losses, provision | (11) | |
Allowance for loan losses, ending balance | 5 | |
Allowance for loan losses, provision | (11) | |
Provision for Loan Losses | (11) | |
Residential [Member] | Real Estate Portfolio Segment [Member] | ||
Allowance for loan losses, beginning balance | 1,181 | 968 |
Allowance for loan losses, charge-offs | (629) | (61) |
Allowance for loan losses, recoveries | 49 | 12 |
Allowance for loan losses, provision | 348 | 270 |
Allowance for loan losses, ending balance | 949 | 1,189 |
Allowance for loan losses, provision | 348 | 270 |
Provision for Loan Losses | 348 | 270 |
Farmland [Member] | Real Estate Portfolio Segment [Member] | ||
Allowance for loan losses, beginning balance | 702 | 780 |
Allowance for loan losses, charge-offs | (63) | |
Allowance for loan losses, recoveries | 1 | 1 |
Allowance for loan losses, provision | 48 | 24 |
Allowance for loan losses, ending balance | 688 | 805 |
Allowance for loan losses, provision | 48 | 24 |
Provision for Loan Losses | 48 | 24 |
Consumer [Member] | Consumer and Other Portfolio Segment [Member] | ||
Allowance for loan losses, beginning balance | 86 | 34 |
Allowance for loan losses, charge-offs | (70) | (59) |
Allowance for loan losses, recoveries | 17 | 28 |
Allowance for loan losses, provision | 36 | 45 |
Allowance for loan losses, ending balance | 69 | 48 |
Allowance for loan losses, provision | 36 | 45 |
Provision for Loan Losses | 36 | 45 |
Other [Member] | Consumer and Other Portfolio Segment [Member] | ||
Allowance for loan losses, beginning balance | 10 | 3 |
Allowance for loan losses, charge-offs | 0 | |
Allowance for loan losses, recoveries | 2 | |
Allowance for loan losses, provision | 11 | |
Allowance for loan losses, ending balance | 23 | 3 |
Allowance for loan losses, provision | 11 | |
Provision for Loan Losses | $ 11 |
Note 5 - Allowance for Loan L_5
Note 5 - Allowance for Loan Losses - Segregated by Impairment Methodology (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Ending allowance balance, individually evaluated for impairment | $ 905 | $ 1,770 | ||
Ending allowance balance, collectively evaluated for impairment | 5,684 | 5,697 | ||
Ending allowance balance | 6,589 | $ 7,277 | 7,467 | $ 7,508 |
Ending loan balance, individually evaluated for impairment | 18,501 | 19,198 | ||
Ending loan balance, collectively evaluated for impairment | 761,490 | 749,299 | ||
Loans | 779,991 | 782,027 | 768,497 | |
Commercial [Member] | Commercial and Agricultural Portfolio Segment [Member] | ||||
Ending allowance balance, individually evaluated for impairment | 0 | |||
Ending allowance balance, collectively evaluated for impairment | 241 | 470 | ||
Ending allowance balance | 241 | 370 | 470 | 447 |
Ending loan balance, individually evaluated for impairment | 26 | 77 | ||
Ending loan balance, collectively evaluated for impairment | 51,342 | 46,616 | ||
Loans | 51,368 | 57,410 | 46,693 | |
Commercial [Member] | Real Estate Portfolio Segment [Member] | ||||
Ending allowance balance, individually evaluated for impairment | 819 | 1,662 | ||
Ending allowance balance, collectively evaluated for impairment | 3,555 | 1,665 | ||
Ending allowance balance | 4,374 | 4,549 | 3,327 | 3,874 |
Ending loan balance, individually evaluated for impairment | 14,107 | 15,574 | ||
Ending loan balance, collectively evaluated for impairment | 359,156 | 338,524 | ||
Loans | 373,263 | 373,534 | 354,098 | |
Agricultural [Member] | Commercial and Agricultural Portfolio Segment [Member] | ||||
Ending allowance balance, individually evaluated for impairment | 0 | 0 | ||
Ending allowance balance, collectively evaluated for impairment | 225 | 202 | ||
Ending allowance balance | 225 | 248 | 202 | 186 |
Ending loan balance, individually evaluated for impairment | 23 | 5 | ||
Ending loan balance, collectively evaluated for impairment | 15,267 | 16,346 | ||
Loans | 15,290 | 16,799 | 16,351 | |
Commercial Construction [Member] | Real Estate Portfolio Segment [Member] | ||||
Ending allowance balance, individually evaluated for impairment | 57 | |||
Ending allowance balance, collectively evaluated for impairment | 15 | 1,366 | ||
Ending allowance balance | 15 | 115 | 1,423 | 1,216 |
Ending loan balance, individually evaluated for impairment | 68 | 485 | ||
Ending loan balance, collectively evaluated for impairment | 44,237 | 49,174 | ||
Loans | 44,305 | 47,849 | 49,659 | |
Residential Construction [Member] | Real Estate Portfolio Segment [Member] | ||||
Ending allowance balance, individually evaluated for impairment | 0 | 0 | ||
Ending allowance balance, collectively evaluated for impairment | 5 | 0 | ||
Ending allowance balance | 5 | 16 | ||
Ending loan balance, individually evaluated for impairment | 0 | 0 | ||
Ending loan balance, collectively evaluated for impairment | 14,947 | 8,145 | ||
Loans | 14,947 | 12,500 | 8,145 | |
Residential [Member] | Real Estate Portfolio Segment [Member] | ||||
Ending allowance balance, individually evaluated for impairment | 52 | 21 | ||
Ending allowance balance, collectively evaluated for impairment | 897 | 1,168 | ||
Ending allowance balance | 949 | 1,181 | 1,189 | 968 |
Ending loan balance, individually evaluated for impairment | 2,175 | 2,023 | ||
Ending loan balance, collectively evaluated for impairment | 178,829 | 191,353 | ||
Loans | 181,004 | 187,714 | 193,376 | |
Farmland [Member] | Real Estate Portfolio Segment [Member] | ||||
Ending allowance balance, individually evaluated for impairment | 34 | 30 | ||
Ending allowance balance, collectively evaluated for impairment | 654 | 775 | ||
Ending allowance balance | 688 | 702 | 805 | 780 |
Ending loan balance, individually evaluated for impairment | 2,102 | 1,034 | ||
Ending loan balance, collectively evaluated for impairment | 61,954 | 66,077 | ||
Loans | 64,056 | 62,709 | 67,111 | |
Consumer [Member] | Consumer and Other Portfolio Segment [Member] | ||||
Ending allowance balance, individually evaluated for impairment | 0 | 0 | ||
Ending allowance balance, collectively evaluated for impairment | 69 | 48 | ||
Ending allowance balance | 69 | 86 | 48 | 34 |
Ending loan balance, individually evaluated for impairment | 0 | 0 | ||
Ending loan balance, collectively evaluated for impairment | 17,907 | 18,805 | ||
Loans | 17,907 | 18,485 | 18,805 | |
Other [Member] | Consumer and Other Portfolio Segment [Member] | ||||
Ending allowance balance, individually evaluated for impairment | 0 | 0 | ||
Ending allowance balance, collectively evaluated for impairment | 23 | 3 | ||
Ending allowance balance | 23 | 10 | 3 | $ 3 |
Ending loan balance, individually evaluated for impairment | 0 | 0 | ||
Ending loan balance, collectively evaluated for impairment | 17,851 | 14,259 | ||
Loans | $ 17,851 | $ 5,027 | $ 14,259 |
Note 6 - Other Real Estate Ow_3
Note 6 - Other Real Estate Owned (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Other Real Estate, Ending Balance | $ 1,635 | $ 1,841 | $ 4,256 |
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Total | 359 | 565 | |
Mortgage Loans in Process of Foreclosure, Amount | $ 157 | $ 25 |
Note 6 - Other Real Estate Ow_4
Note 6 - Other Real Estate Owned - Change in OREO (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Balance, Beginning | $ 1,841 | $ 4,256 |
Additions | 144 | 793 |
Sales of OREO | (348) | (2,949) |
Transfer to Bank Premises | (300) | |
Gains (Losses) on Sale | 4 | 303 |
Provision for Losses | (6) | (262) |
Balance, Ending | $ 1,635 | $ 1,841 |
Note 7 - Deposits (Details Text
Note 7 - Deposits (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Deposit Liabilities Reclassified as Loans Receivable | $ 320 | $ 476 |
Interest-bearing Domestic Deposit, Brokered | 94,620 | 80,535 |
Time Deposits, at or Above FDIC Insurance Limit | 53,801 | 53,881 |
Short-term Jumbo Certificates of Deposit [Member] | ||
Time Deposits, at or Above FDIC Insurance Limit | $ 41,242 | $ 41,104 |
Note 7 - Deposits - Components
Note 7 - Deposits - Components of Interest-bearing Deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Interest-Bearing Demand | $ 488,435 | $ 471,794 |
Savings | 85,259 | 79,453 |
Time, $250,000 and Over | 53,801 | 53,881 |
Other Time | 284,698 | 287,150 |
$ 912,193 | $ 892,278 |
Note 7 - Deposits - Scheduled M
Note 7 - Deposits - Scheduled Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
One Year and Under | $ 232,126 | $ 241,366 |
One to Three Years | 91,444 | 82,412 |
Three Years and Over | 14,929 | 17,253 |
$ 338,499 | $ 341,031 |
Note 8 - Other Borrowed Money_2
Note 8 - Other Borrowed Money (Details Textual) $ in Thousands | Mar. 31, 2019USD ($) |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Due Date, Earliest | 2020 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Due Date, Last | 2028 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 109,408 |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 273,448 |
Line of Credit Facility, Current Borrowing Capacity | 43,500 |
Long-term Line of Credit, Total | 0 |
Federal Reserve Bank Advances [Member] | |
Short-term Debt, Total | $ 0 |
Minimum [Member] | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 0.98% |
Maximum [Member] | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 3.51% |
Note 8 - Other Borrowed Money -
Note 8 - Other Borrowed Money - Summary of Other Borrowed Money (Details) - USD ($) $ in Millions | Mar. 31, 2019 | Dec. 31, 2018 |
Federal Home Loan Bank Advances | $ 39 | $ 44 |
Note 8 - Other Borrowed Money_3
Note 8 - Other Borrowed Money - Aggregate Stated Maturities (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
2024 and After | $ 1,521 | $ 1,525 |
39,000 | $ 44,000 | |
Other Borrowings [Member] | ||
2020 | 2,500 | |
2021 | 0 | |
2022 | 18,000 | |
2023 | 6,000 | |
2024 and After | 12,500 | |
$ 39,000 |
Note 9 - Subordinated Debentu_3
Note 9 - Subordinated Debentures (Trusted Preferred Securities) - Schedule of Subordinated Debentures (Details) - Trust Preferred Securities Subject to Mandatory Redemption [Member] $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Colony Bankcorp Statutory Trust III [Member] | |
Issuance date | Jun. 17, 2004 |
Debt amount | $ 4,640 |
Total interest rate | 5.29463% |
Maturity date | Jun. 14, 2034 |
5 year call option | Jun. 17, 2009 |
Colony Bankcorp Statutory Trust III [Member] | London Interbank Offered Rate (LIBOR) [Member] | |
3 month LIBOR rate | 2.61463% |
Added points | 0.0268% |
Colony Bankcorp Capital Trust I [Member] | |
Issuance date | Apr. 13, 2006 |
Debt amount | $ 5,155 |
Total interest rate | 4.09175% |
Maturity date | Apr. 13, 2036 |
5 year call option | Apr. 13, 2011 |
Colony Bankcorp Capital Trust I [Member] | London Interbank Offered Rate (LIBOR) [Member] | |
3 month LIBOR rate | 2.59175% |
Added points | 0.015% |
Colony Bankcorp Capital Trust II [Member] | |
Issuance date | Mar. 12, 2007 |
Debt amount | $ 9,279 |
Total interest rate | 4.24175% |
Maturity date | Mar. 12, 2037 |
5 year call option | Mar. 12, 2012 |
Colony Bankcorp Capital Trust II [Member] | London Interbank Offered Rate (LIBOR) [Member] | |
3 month LIBOR rate | 2.59175% |
Added points | 0.0165% |
Colony Bankcorp Capital Trust III [Member] | |
Issuance date | Sep. 14, 2007 |
Debt amount | $ 5,155 |
Total interest rate | 4.1505% |
Maturity date | Sep. 14, 2037 |
5 year call option | Sep. 14, 2012 |
Colony Bankcorp Capital Trust III [Member] | London Interbank Offered Rate (LIBOR) [Member] | |
3 month LIBOR rate | 2.7505% |
Added points | 0.014% |
Note 10 - Commitments and Con_3
Note 10 - Commitments and Contingencies (Details Textual) | 3 Months Ended |
Mar. 31, 2019 | |
Expiration Period Of Letter Of Credit Issued | 1 year |
Note 10 - Commitments and Con_4
Note 10 - Commitments and Contingencies - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Letters of Credit | $ 1,521 | $ 1,525 |
Loan Origination Commitments [Member] | ||
Loan Commitments | $ 120,676 | $ 98,736 |
Note 11 - Fair Value of Finan_3
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Details Textual) | Mar. 31, 2019 |
Discounted Rate To Account For Selling And Marketing Costs | 10.00% |
Note 11 - Fair Value of Finan_4
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Reported Value Measurement [Member] | ||
Assets | ||
Cash and Short-Term Investments | $ 85,705 | $ 60,155 |
Investment Securities Available for Sale | 357,889 | 353,066 |
Federal Home Loan Bank Stock | 2,782 | 2,978 |
Loans, Net | 772,889 | 774,249 |
Bank-Owned Life Insurance | 17,184 | 17,598 |
Liabilities | ||
Deposits | 1,111,678 | 1,085,125 |
Subordinated Debentures | 24,229 | 24,229 |
Other Borrowed Money | 39,000 | 44,000 |
Estimate of Fair Value Measurement [Member] | ||
Assets | ||
Cash and Short-Term Investments | 85,705 | 60,155 |
Investment Securities Available for Sale | 357,889 | 353,066 |
Federal Home Loan Bank Stock | 2,782 | 2,978 |
Loans, Net | 769,078 | 769,809 |
Bank-Owned Life Insurance | 17,184 | 17,598 |
Liabilities | ||
Deposits | 1,113,541 | 1,086,503 |
Subordinated Debentures | 24,229 | 24,229 |
Other Borrowed Money | 39,112 | 44,032 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets | ||
Cash and Short-Term Investments | 85,705 | 60,155 |
Investment Securities Available for Sale | ||
Federal Home Loan Bank Stock | 2,782 | 2,978 |
Loans, Net | ||
Bank-Owned Life Insurance | 17,184 | 17,598 |
Liabilities | ||
Deposits | 773,179 | 744,094 |
Subordinated Debentures | ||
Other Borrowed Money | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets | ||
Cash and Short-Term Investments | ||
Investment Securities Available for Sale | 353,992 | 348,788 |
Federal Home Loan Bank Stock | ||
Loans, Net | 767,370 | 766,457 |
Bank-Owned Life Insurance | ||
Liabilities | ||
Deposits | 340,362 | 342,409 |
Subordinated Debentures | 24,229 | 24,229 |
Other Borrowed Money | 39,112 | 44,032 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets | ||
Cash and Short-Term Investments | ||
Investment Securities Available for Sale | 3,897 | 4,278 |
Federal Home Loan Bank Stock | ||
Loans, Net | 1,708 | 3,352 |
Bank-Owned Life Insurance | ||
Liabilities | ||
Deposits | ||
Subordinated Debentures | ||
Other Borrowed Money |
Note 11 - Fair Value of Finan_5
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Recurring Securities Available for Sale | $ 357,889 | $ 353,066 |
US Government Agencies Debt Securities [Member] | ||
Recurring Securities Available for Sale | 351,138 | 346,205 |
US States and Political Subdivisions Debt Securities [Member] | ||
Recurring Securities Available for Sale | 3,895 | 3,989 |
Corporate Debt Securities [Member] | ||
Recurring Securities Available for Sale | 2,856 | 2,872 |
Fair Value, Recurring [Member] | ||
Recurring Securities Available for Sale | 357,889 | 353,066 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recurring Securities Available for Sale | ||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recurring Securities Available for Sale | 353,992 | 348,789 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recurring Securities Available for Sale | 3,897 | 4,277 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Recurring Securities Available for Sale | 351,138 | 346,205 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recurring Securities Available for Sale | ||
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recurring Securities Available for Sale | 347,456 | 342,142 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recurring Securities Available for Sale | 3,682 | 4,063 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Recurring Securities Available for Sale | 3,895 | 3,989 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recurring Securities Available for Sale | ||
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recurring Securities Available for Sale | 3,680 | 3,775 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recurring Securities Available for Sale | 215 | 214 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Recurring Securities Available for Sale | 2,856 | 2,872 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Recurring Securities Available for Sale | ||
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Recurring Securities Available for Sale | 2,856 | 2,872 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Recurring Securities Available for Sale | ||
Fair Value, Nonrecurring [Member] | ||
Impaired Loans | 1,708 | 3,352 |
Other Real Estate | 1,123 | 1,183 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Impaired Loans | ||
Other Real Estate | ||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Impaired Loans | ||
Other Real Estate | ||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Impaired Loans | 1,708 | 3,352 |
Other Real Estate | $ 1,123 | $ 1,183 |
Note 11 - Fair Value of Finan_6
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Quantitative Information for Financial Instruments Measured at Fair Value (Details) $ in Thousands | Mar. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) |
Other Real Estate Owned, fair value | $ 1,635 | $ 1,841 | $ 4,256 |
Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | 1,708 | 3,352 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | 1,708 | 3,352 | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Other Real Estate Owned, fair value | $ 1,123 | $ 1,183 | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Other Real Estate Owned, measurement input | (0.3) | (0.3) | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Other Real Estate Owned, measurement input | 0.0982 | 0.0982 | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Other Real Estate Owned, measurement input | 0.2502 | 0.2502 | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Other Real Estate Owned, measurement input | 0.9939 | 0.9939 | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Other Real Estate Owned, measurement input | (0.0249) | (0.0249) | |
Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Other Real Estate Owned, measurement input | 0.3812 | 0.3526 | |
Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Cap Rate [Member] | |||
Other Real Estate Owned, measurement input | 0.1 | ||
Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Discount Rate [Member] | |||
Other Real Estate Owned, measurement input | 0.1 | ||
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | $ 215 | $ 213 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (0.1086) | (0.1086) | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | 0.067 | 0.067 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0.25 | 0.25 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (0.0208) | (0.0208) | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0.125 | 0.125 | |
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | $ 360 | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (0.06) | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0 | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | 19.75 | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0.1 | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | 9.842 | ||
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0.05 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0.35 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0.175 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | $ 1,166 | $ 2,415 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | |||
Impaired loans, measurement input | 0 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (0.6) | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | |||
Impaired loans, measurement input | 0.1 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | 0.8 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | 0.1 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0.05 | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Valuation, Income Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Cap Rate [Member] | |||
Impaired loans, measurement input | 0.105 | 0.1013 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | $ 327 | $ 328 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (0.71) | (0.71) | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0.1 | 0.1 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (0.035) | (0.035) | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0.8 | 0.8 | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member] | |||
Impaired loans, measurement input | (0.3725) | (0.3725) | |
Real Estate Portfolio Segment [Member] | Farmland [Member] | Valuation, Market Approach [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0.45 | 0.45 | |
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans, fair value | $ 36 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Minimum [Member] | Measurement Input, Cost to Sell [Member] | |||
Impaired loans, measurement input | 0 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Appraised Value [Member] | |||
Impaired loans, measurement input | 0.15 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Maximum [Member] | Measurement Input, Cost to Sell [Member] | |||
Impaired loans, measurement input | 0 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Cap Rate [Member] | |||
Impaired loans, measurement input | 0.15 | ||
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member] | Weighted Average [Member] | Measurement Input, Cost to Sell [Member] | |||
Impaired loans, measurement input | 0 |
Note 11 - Fair Value of Finan_7
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Fair Value Measurement Using Significant Unobservable Inputs (Details) - Available-for-sale Securities [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Balance, available for sale securities | $ 4,277 | $ 7,298 |
Transfers out of Level 3 | (2,009) | |
Maturities | ||
Purchases | ||
Paydowns | (390) | (886) |
Unrealized Gains included in Other Comprehensive Income (Loss) | 10 | (126) |
Balance, available for sale securities | $ 3,897 | $ 4,277 |
Note 11 - Fair Value of Finan_8
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Quantitative Information About Recurring Level 3 Fair Value Measurement (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Fair Value | $ 357,889 | $ 353,066 |
Available for Sale, at Fair Value | 357,889 | 353,066 |
Fair Value, Recurring [Member] | ||
Fair Value | 357,889 | 353,066 |
Available for Sale, at Fair Value | 357,889 | 353,066 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value | 3,897 | 4,277 |
Available for Sale, at Fair Value | 3,897 | 4,277 |
US States and Political Subdivisions Debt Securities [Member] | ||
Fair Value | 3,895 | 3,989 |
Available for Sale, at Fair Value | 3,895 | 3,989 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Fair Value | 3,895 | 3,989 |
Available for Sale, at Fair Value | 3,895 | 3,989 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value | 215 | 214 |
Available for Sale, at Fair Value | 215 | 214 |
US Government Agencies Debt Securities [Member] | ||
Fair Value | 351,138 | 346,205 |
Available for Sale, at Fair Value | 351,138 | 346,205 |
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Fair Value | 351,138 | 346,205 |
Available for Sale, at Fair Value | 351,138 | 346,205 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value | 3,682 | 4,063 |
Available for Sale, at Fair Value | $ 3,682 | $ 4,063 |
Note 12 - Regulatory Capital _3
Note 12 - Regulatory Capital Matters (Details Textual) | Jan. 01, 2016 |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets Rule 1 | 0.625% |
Increase in Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 0.625% |
Tier 1 Capital Conservation Buffer of Risk Weighted Assets | 2.50% |
Note 12 - Regulatory Capital _4
Note 12 - Regulatory Capital Matters - Summary of Regulatory Capital Information (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Capital | $ 135,451 | $ 133,900 |
Capital to Risk-Weighted Assets | 16.09% | 15.86% |
Capital Required for Capital Adequacy | $ 67,341 | $ 67,527 |
Capital Required for Capital Adequacy to Risk-Weighted Assets | 8.00% | 8.00% |
Tier I Risk Based Capital | $ 128,862 | $ 126,623 |
Tier I Risk Based Capital to Risk-Weighted Assets | 15.31% | 15.00% |
Tier I Risk Based Capital Required for Capital Adequacy | $ 50,505 | $ 50,645 |
Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets | 6.00% | 6.00% |
Common Equity Tier I Risk Based Capital | $ 105,362 | $ 103,123 |
Common Equity Tier I Risk Based Capital to Risk-Weighted Assets | 12.52% | 12.22% |
Common Equity Tier I Risk Based Capital Required for Capital Adequacy | $ 37,879 | $ 37,984 |
Common Equity Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets | 4.50% | 4.50% |
Tier I Leverage Capital | $ 128,862 | $ 126,623 |
Tier I Leverage Capital to Average Assets | 10.18% | 10.24% |
Tier I Leverage Capital Required for Capital Adequacy | $ 50,637 | $ 49,478 |
Tier I Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
Colony Bank [Member] | ||
Capital | $ 132,664 | $ 131,723 |
Capital to Risk-Weighted Assets | 15.78% | 15.63% |
Capital Required for Capital Adequacy | $ 67,237 | $ 67,418 |
Capital Required for Capital Adequacy to Risk-Weighted Assets | 8.00% | 8.00% |
Capital Required to be Well Capitalized | $ 84,047 | $ 84,272 |
Capital Required to be Well Capitalized to Risk-Weighted Assets | 10.00% | 10.00% |
Tier I Risk Based Capital | $ 126,075 | $ 124,446 |
Tier I Risk Based Capital to Risk-Weighted Assets | 15.00% | 14.77% |
Tier I Risk Based Capital Required for Capital Adequacy | $ 50,428 | $ 50,563 |
Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets | 6.00% | 6.00% |
Tier I Risk Based Capital Required to be Well Capitalized | $ 67,237 | $ 67,418 |
Tier I Risk Based Capital Required to be Well Capitalized to Risk-Weighted Assets | 8.00% | 8.00% |
Common Equity Tier I Risk Based Capital | $ 126,075 | $ 124,446 |
Common Equity Tier I Risk Based Capital to Risk-Weighted Assets | 15.00% | 14.77% |
Common Equity Tier I Risk Based Capital Required for Capital Adequacy | $ 37,821 | $ 37,923 |
Common Equity Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets | 4.50% | 4.50% |
Common Equity Tier I Risk Based Capital Required to Be Well Capitalized | $ 54,630 | $ 54,777 |
Common Equity Tier I Risk Based Capital Required to Be Well Capitalized to Risk-Weighted Assets | 6.50% | 6.50% |
Tier I Leverage Capital | $ 126,075 | $ 124,446 |
Tier I Leverage Capital to Average Assets | 9.97% | 10.08% |
Tier I Leverage Capital Required for Capital Adequacy | $ 50,557 | $ 49,396 |
Tier I Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
Tier I Leverage Capital Required to Be Well Capitalized | $ 63,196 | $ 61,745 |
Tier I Leverage Capital Required to Be Well Capitalized to Average Assets | 5.00% | 5.00% |
Note 13 - Stock-based Compens_2
Note 13 - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 3 Months Ended |
Aug. 31, 2018 | Mar. 31, 2019 | |
Share Price | $ 17.73 | |
Restricted Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | 5,650 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 77,782 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 2 years 120 days | |
Share-based Payment Arrangement, Expense | $ 8,334 |
Note 14 - Earnings Per Share -
Note 14 - Earnings Per Share - Summary of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Numerator | ||
Net Income Available to Common Stockholders | $ 2,835 | $ 3,188 |
Denominator | ||
Weighted Average Basic Shares Outstanding (in shares) | 8,440,357 | 8,439,258 |
Restricted Stock (in shares) | ||
Stock Warrants (in shares) | 218,000 | |
Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share (in shares) | 8,440,357 | 8,657,379 |
Earnings Per Share - Basic (in dollars per share) | $ 0.34 | $ 0.38 |
Earnings Per Share - Diluted (in dollars per share) | $ 0.34 | $ 0.37 |
Note 15 - Accumulated Other C_3
Note 15 - Accumulated Other Comprehensive Income (Loss) - Changes for Unrealized Gains and Losses Securities Available for Sale (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Beginning Balance | $ 95,692 | |
Ending Balance | 101,066 | $ 95,692 |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | ||
Beginning Balance | (8,190) | (6,492) |
Other Comprehensive Income Before Reclassification | 3,163 | (1,607) |
Amounts Reclassified from Accumulated Other Comprehensive Income | (91) | |
Change in Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects | 3,163 | (1,698) |
Ending Balance | $ (5,027) | $ (8,190) |
Note 16 - Subsequent Events (De
Note 16 - Subsequent Events (Details Textual) - USD ($) $ / shares in Units, $ in Millions | May 01, 2019 | Apr. 18, 2019 | Mar. 31, 2019 | Mar. 31, 2018 |
Common Stock, Dividends, Per Share, Declared | $ 0.075 | $ 0.05 | ||
Subsequent Event [Member] | ||||
Common Stock, Dividends, Per Share, Declared | $ 0.075 | |||
Subsequent Event [Member] | Revolving Credit Facility [Member] | ||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 10 | |||
Proceeds from Lines of Credit, Total | $ 5.3 | |||
Subsequent Event [Member] | Revolving Credit Facility [Member] | Prime Rate [Member] | ||||
Debt Instrument, Basis Spread on Variable Rate | (0.40%) | |||
Subsequent Event [Member] | Term Note [Member] | ||||
Debt Instrument, Face Amount | $ 10 | |||
Debt Instrument, Interest Rate, Stated Percentage | 4.70% |