Colony Bankcorp (CBAN) 10-Q 9 Nov 20 2020 Q3 Quarterly report Financial data

Cover page

Cover page - shares	9 Months Ended
	Sep. 30, 2020	Nov. 09, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	000-12436
Entity Registrant Name	COLONY BANKCORP, INC.
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-1492391
Entity Address, Address Line One	115 South Grant Street
Entity Address, City or Town	Fitzgerald
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	31750
City Area Code	229
Local Phone Number	426-6000
Title of 12(b) Security	Common Stock, Par Value $1.00 per share
Trading Symbol	CBAN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		9,498,783
Entity Central Index Key	0000711669
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 14,226	$ 15,570
Interest-bearing deposits in banks	134,613	88,522
Cash and cash equivalents	148,839	104,092
Investment securities available for sale, at fair value	363,601	347,332
Other investments, at cost	3,296	4,288
Loans held for sale	55,864	10,076
Loans	1,101,606	968,814
Allowance for loan losses	(11,020)	(6,863)
Loans, net	1,090,586	961,951
Premises and equipment	31,961	32,482
Other real estate	1,875	1,320
Goodwill	15,992	16,477
Other intangible assets	2,626	3,056
Bank-owned life insurance	31,339	21,629
Other assets	13,467	12,610
Total assets	1,759,446	1,515,313
Deposits
Noninterest-bearing	324,135	232,635
Interest-bearing	1,092,265	1,061,107
Total deposits	1,416,400	1,293,742
Federal Home Loan Bank advances	22,500	47,000
Paycheck Protection Program Liquidity Facility	134,500	0
Other borrowings	38,042	38,792
Other liabilities	7,658	5,273
Total liabilities	1,619,100	1,384,807
Stockholders' equity:
Preferred stock, no par value; 10,000,000 shares authorized, none issued or outstanding as of September 30, 2020 and December 31, 2019, respectively	0	0
Common stock, par value $1.00 per share; 20,000,000 shares authorized, 9,498,783 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively	9,499	9,499
Paid in capital	43,207	43,667
Retained earnings	81,044	76,978
Accumulated other comprehensive income, net of tax	6,596	362
Total stockholders' equity	140,346	130,506
Total liabilities and stockholders' equity	$ 1,759,446	$ 1,515,313

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred Stock, No Par Value (in dollars per share)	$ 0	$ 0
Preferred Stock, Shares Authorized (in shares)	10,000,000	10,000,000
Preferred Stock, Shares Issued (in shares)	0	0
Preferred Stock, Shares Outstanding (in shares)	0	0
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)	9,498,783	9,498,783
Common Stock, Shares, Outstanding (in shares)	9,498,783	9,498,783

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest income
Loans, including fees	$ 13,743	$ 13,654	$ 40,733	$ 36,437
Investment securities	1,747	2,338	5,536	7,078
Deposits with other banks and short term investments	52	206	384	810
Total interest income	15,542	16,198	46,653	44,325
Interest expense
Deposits	1,144	2,815	4,766	7,569
Federal Home Loan Bank Advances	159	269	626	775
Paycheck Protection Program Liquidity Facility	118	0	205	0
Other borrowings	273	458	962	1,127
Total interest expense	1,694	3,542	6,559	9,471
Net interest income	13,848	12,656	40,094	34,854
Provision for loan losses	1,106	214	5,262	524
Net interest income after provision for loan losses	12,742	12,442	34,832	34,330
Noninterest income
Gain on sale of SBA loans	748	0	1,004	0
Gain on sale of securities	716	34	1,009	99
BOLI Income	237	124	548	405
Other	579	70	1,032	1,152
Total noninterest income	7,554	4,030	16,829	10,350
Noninterest expense
Salaries and employee benefits	9,104	7,186	24,331	18,848
Occupancy and equipment	1,338	1,290	3,972	3,459
Acquisition related expenses	207	861	714	2,610
Information technology expenses	1,440	1,196	4,135	3,158
Professional fees	481	558	1,343	1,369
Advertising and public relations	459	677	1,478	1,370
Communications	212	196	631	538
Writedown of building	582	0	582	0
FHLB prepayment penalty	925	0	925	0
Other	1,565	1,393	4,827	4,046
Noninterest Expenses	16,313	13,357	42,938	35,398
Income before income taxes	3,983	3,115	8,723	9,282
Income taxes	884	597	1,807	1,827
Net income	$ 3,099	$ 2,518	$ 6,916	$ 7,455
Earnings per common share:
Basic (in dollars per share)	$ 0.33	$ 0.27	$ 0.73	$ 0.83
Diluted (in dollars per share)	$ 0.33	$ 0.27	$ 0.73	$ 0.83
Weighted average number of common shares
Weighted average basic shares outstanding (in shares)	9,498,783	9,494,771	9,498,783	9,008,196
Weighted average diluted shares outstanding (in shares)	9,498,783	9,494,771	9,498,783	9,008,196
Service charges on deposits
Noninterest income
Noninterest income	$ 1,316	$ 1,546	$ 3,906	$ 3,997
Mortgage fee income
Noninterest income
Noninterest income	2,616	1,255	5,706	1,942
Interchange fees
Noninterest income
Noninterest income	$ 1,342	$ 1,001	$ 3,624	$ 2,755

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 3,099	$ 2,518	$ 6,916	$ 7,455
Other comprehensive income:
Unrealized gains on securities arising during the period	203	1,715	8,900	12,439
Tax effect	(43)	(360)	(1,869)	(2,612)
Realized (gains) on sale of available for sale securities	(716)	(34)	(1,009)	(99)
Tax effect	151	7	212	21
Change in unrealized gains on securities available for sale, net of reclassification adjustment and tax effects	(405)	1,328	6,234	9,749
Comprehensive income	$ 2,694	$ 3,846	$ 13,150	$ 17,204

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning Balance (in shares) at Dec. 31, 2018		8,445
Beginning Balance at Dec. 31, 2018	$ 95,692	$ 8,445	$ 25,978	$ 69,459	$ (8,190)
Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effects	9,749				9,749
Dividends on common shares	(1,979)			(1,979)
Issuance of common stock (in shares)		1,054
Issuance of common stock	18,709	$ 1,054	17,655
Stock-based compensation expense	25		25
Net income	7,455			7,455
Ending Balance (in shares) at Sep. 30, 2019		9,499
Ending Balance at Sep. 30, 2019	129,651	$ 9,499	43,658	74,935	1,559
Beginning Balance (in shares) at Jun. 30, 2019		9,499
Beginning Balance at Jun. 30, 2019	126,509	$ 9,499	43,650	73,129	231
Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effects	1,328				1,328
Dividends on common shares	(712)			(712)
Stock-based compensation expense	8		8
Net income	2,518			2,518
Ending Balance (in shares) at Sep. 30, 2019		9,499
Ending Balance at Sep. 30, 2019	129,651	$ 9,499	43,658	74,935	1,559
Beginning Balance (in shares) at Dec. 31, 2019		9,499
Beginning Balance at Dec. 31, 2019	130,506	$ 9,499	43,667	76,978	362
Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effects	6,234				6,234
Dividends on common shares	(2,850)			(2,850)
Goodwill adjustment	(485)		(485)
Stock-based compensation expense	25		25
Net income	6,916			6,916
Ending Balance (in shares) at Sep. 30, 2020		9,499
Ending Balance at Sep. 30, 2020	140,346	$ 9,499	43,207	81,044	6,596
Beginning Balance (in shares) at Jun. 30, 2020		9,499
Beginning Balance at Jun. 30, 2020	138,594	$ 9,499	43,199	78,895	7,001
Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effects	(405)				(405)
Dividends on common shares	(950)			(950)
Stock-based compensation expense	8		8
Net income	3,099			3,099
Ending Balance (in shares) at Sep. 30, 2020		9,499
Ending Balance at Sep. 30, 2020	$ 140,346	$ 9,499	$ 43,207	$ 81,044	$ 6,596

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Operating Activities
Net income	$ 6,916,000	$ 7,455,000
Adjustments reconciling net income to net cash provided by operating activities:
Provision for loan losses	5,262,000	524,000
Depreciation, amortization, and accretion	4,007,000	2,129,000
Share-based compensation expense	25,000	25,000
Net increase in servicing asset	(207,000)	0
Interchange fees	(1,009,000)	(99,000)
Gain on sale of SBA loans	(1,004,000)	0
Loss on sale of other real estate	(56,000)	(874,000)
Writedown on other real estate	68,000	104,000
Loss on sale of premises & equipment	56,000	165,000
Writedown of building	582,000	0
Originations of loans held for sale	(75,268,000)	(42,634,000)
Proceeds from sales of loans held for sale	30,484,000	33,900,000
Change in bank-owned life insurance	290,000	535,000
Change in other assets	(1,715,000)	(415,000)
Change in other liabilities	2,385,000	1,193,000
Net cash (used in) provided by operating activities	(29,184,000)	2,008,000
Investing Activities
Purchases of investment securities available for sale	(124,864,000)	(105,476,000)
Proceeds from maturities, calls, and paydowns of investment securities available for sale	71,564,000	50,804,000
Proceeds from sale of investment securities available for sale	44,495,000	99,106,000
Proceeds from sale of investment securities held to maturity	0	1,766,000
Net loans	(135,801,000)	(47,221,000)
Purchase of premises and equipment	(2,796,000)	(3,254,000)
Proceeds from sale of other real estate	1,139,000	2,489,000
Purchase of bank owned life insurance	(10,000,000)	(439,000)
Redemption (purchase) of Federal Home Loan Bank Stock	992,000	(315,000)
Proceeds from sale of premises and equipment	144,000	175,000
Net cash and cash equivalents paid in acquisition	0	(467,000)
Net cash (used in) investing activities	(155,127,000)	(2,832,000)
Financing Activities
Change in noninterest-bearing customer deposits	91,500,000	(7,614,000)
Change in interest-bearing customer deposits	31,158,000	(15,943,000)
Dividends paid for common stock	(2,850,000)	(1,979,000)
Issuance of Paycheck Protection Program Liquidity Fund	140,700,000	0
Payment on Paycheck Protection Program Liquidity Fund	(6,200,000)	0
Payments on Federal Home Loan Bank Advances	(38,500,000)	(8,000,000)
Proceeds from Federal Home Loan Bank Advances	14,000,000	15,000,000
Payments on Other borrowings	(750,000)	(500,000)
Proceeds from Other borrowings	0	15,313,000
Net cash provided by (used in) financing activities	229,058,000	(3,723,000)
Net increase (decrease) in cash and cash equivalents	44,747,000	(4,547,000)
Cash and cash equivalents at beginning of period	104,092,000	60,156,000
Cash and cash equivalents at end of period	148,839,000	55,609,000
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	6,230,000	9,294,000
Cash paid during the period for income taxes	1,250,000	0
Goodwill adjustment	485,000	0
Acquisition of real estate through foreclosure	$ 1,706,000	$ 369,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	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”). The “Company” or “our,” as used herein, includes Colony Bank. In July 2019, a new subsidiary of the Company was incorporated under the name Colony Risk Management, Inc. Colony Risk Management, Inc. is a subsidiary of the Company and is located in Las Vegas, Nevada. It is a captive insurance subsidiary which insures various liability and property damage policies for the Company and its related subsidiaries. Colony Risk Management is regulated by the State of Nevada Division of Insurance. All adjustments consisting of normal recurring accruals which are, in the opinion of management, necessary for fair presentation of the interim consolidated financial statements, have been included and fairly and accurately present the financial position, results of operations and cash flows of the Company. 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 for interim financial information and Regulation S-X. Accordingly, the accompanying unaudited interim consolidated financial statements do not include all of the information or notes required for complete financial statements. The results of operations for the three and nine months ended September 30, 2020 are not necessarily indicative of the results which may be expected for the year ending December 31, 2020. These statements should be read in conjunction with the consolidated financial statements and notes thereto in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 (“2019 10-K”). Nature of Operations The Bank provides a full range of retail, commercial and mortgage 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 and mortgage offices in Albany, Ashburn, Athens, Broxton, Centerville, Columbus, Cordele, Douglas, Eastman, Fitzgerald, LaGrange, Leesburg, Macon, 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, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and fair value of assets acquired and liabilities assumed in a business combination, including goodwill impairment. Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to statement presentations selected for 2020. Such reclassifications have not materially affected previously reported stockholders’ equity or net income. 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 September 30, 2020, approximately 75% of the Company’s loan portfolio was concentrated in loans secured by real estate. A substantial portion of borrowers’ ability to honor their contractual obligations is dependent upon the viability of the real estate economic sector. Management continues to monitor these concentrations and has considered these concentrations in its allowance for loan loss analysis. 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 have cash and cash equivalents at financial institutions in excess of federal deposit insurance limits. The Company places its cash and cash equivalents with high credit quality financial institutions whose credit ratings are monitored by management to minimize credit risk. Changes in Accounting Principles and Effects of New Accounting Pronouncements ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). This ASU sets forth a “current expected credit loss” (CECL) model which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supported forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. On October 16, 2019, FASB voted to extend the delay of the effective date of this ASU for smaller reporting companies, such as the Company, until fiscal years beginning after December 15, 2022. The Company is currently assessing the impact of the adoption of this ASU on its consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This update removes several exceptions related to intraperiod tax allocation when there is a loss from continuing operations and income from other items, foreign subsidiaries becoming equity method investments and vice versa, and calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. The guidance also amends requirements related to franchise tax that is partially based on income, a step up in the tax basis of goodwill, allocation of consolidated tax expense to a legal entity not subject to tax in its separate financial statements, the effects of enacted changes in tax laws and other minor codification improvements regarding employee stock ownership plans and investments in qualified affordable housing projects. For public entities, this guidance is effective for fiscal years beginning after December 15, 2020. The Company does not expect the new guidance to have a material impact on the consolidated financial statements. In January 2020, the FASB issued ASU No. 2020-01, "Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)—Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 (a consensus of the Emerging Issues Task Force)". This update clarifies whether an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative and how to account for certain forward contracts and purchased options to purchase securities. For public entities, this guidance is effective for fiscal years beginning after December 15, 2020. The Company does not expect the new guidance to have a material impact on the consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04 "Reference Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting" ("ASU 2020-04"). ASU 2020-04 provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of ) reference rate reform on financial reporting. The amendments are effective for the Company as of March 12, 2020 through December 31, 2022. The Company does not believe this standard will have a material impact on its consolidated financial statements. Operating, Accounting and Reporting Considerations Related to COVID-19 The COVID-19 pandemic has negatively impacted the global economy, including the Company’s primary metropolitan markets. In response to this crisis, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was passed by Congress and signed into law on March 27, 2020. The CARES Act provides an estimated $2.2 trillion to fight the COVID-19 pandemic and stimulate the economy by supporting individuals and businesses through loans, grants, tax changes, and other types of relief. Some of the provisions applicable to the Company include, but are not limited to: • Accounting for Loan Modifications - The CARES Act provides that financial institutions may elect to suspend (1) the requirements under GAAP for certain loan modifications that would otherwise by categorized as a troubled debt restructure (“TDR”) and (2) any determination that such loan modifications would be considered a TDR, including the related impairment for accounting purposes. • Paycheck Protection Program - The CARES Act established the Paycheck Protection Program “PPP”), an expansion of the Small Business Administration’s 7(a) loan program and the Economic Injury Disaster Loan Program (“EIDL”), administered directly by the SBA. Also in response to the COVID-19 pandemic, the Board of Governors of the Federal Reserve System (“FRB”), the Federal Deposit Insurance Corporation (“FDIC”), the National Credit Union Administration (“NCUA”), the Office of the Comptroller of the Currency (“OCC”), and the Consumer Financial Protection Bureau (“CFPB”), in consultation with the state financial regulators (collectively, the “agencies”) issued a joint interagency statement (issued March 22, 2020; revised statement issued April 7, 2020). Some of the provisions applicable to the Company include, but are not limited to: • Accounting for Loan Modifications - Loan modifications that do not meet the conditions of the CARES Act may still qualify as a modification that does not need to be accounted for as a TDR. The agencies confirmed with FASB staff that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not TDRs. This includes short-term (e.g., three months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or insignificant delays in payment, as long as such modifications are (1) related to COVID-19; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (a) 60 days after the date of termination of the national emergency declaration or (b) December 31, 2020. • Past Due Reporting - With regard to loans not otherwise reportable as past due, financial institutions are not expected to designate loans with deferrals granted due to COVID-19 as past due because of the deferral. A loan’s payment date is governed by the due date stipulated in the legal agreement. If a financial institution agrees to a payment deferral, these loans would not be considered past due reporting during the period of the deferral. • Nonaccrual Status and Charge-offs - During short-term COVID-19 modifications, these loans generally should not be reported as nonaccrual or as classified. As such, beginning in late March 2020, the Company provided relief programs consisting primarily of 90-day payment deferral relief of principal and interest to borrowers negatively impacted by COVID-19 and has accounted for these loan modifications in accordance with ASC 310-40. In addition, the Company also provided principal only payment deferral relief to borrowers of which interest income has been recognized during the deferment period on these interest-only loans.

Business Acquisitions

Business Acquisitions	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Business Acquisitions	Business Acquisitions Acquisition of LBC Bancshares, Inc. On May 1, 2019, the Company completed its acquisition of LBC Bancshares, Inc. (“LBC”), a bank holding company headquartered in LaGrange, Georgia. Upon consummation of the acquisition, LBC was merged with and into the Company, with Colony as the surviving entity in the merger. At that time, LBC’s wholly owned bank subsidiary, Calumet Bank, was also merged with and into the Bank. The acquisition expanded the Company’s market presence, as Calumet Bank had two full-service banking locations, one each in LaGrange, Georgia and Columbus, Georgia, as well as a loan production office in Atlanta, Georgia. Under the terms of the Agreement and Plan of Merger, each LBC shareholder had the option to receive either $23.50 in cash or 1.3239 shares of the Company’s common stock in exchange for each share of LBC common stock, subject to customary proration and allocation procedures such that 55% of LBC shares received the stock consideration and 45% received the cash consideration, with at least 50% of the merger consideration paid in the Company's common stock. As a result, the Company issued 1,053,875 common shares at a fair value of $18.2 million and paid $15.3 million in cash to the former shareholders of LBC as merger consideration. The merger was effected by the issuance of shares of the Company’s common stock along with cash consideration to shareholders to LBC. The assets and liabilities of LBC as of the effective date of the merger were recorded at their respective estimated fair values and combined with those of the Company. The excess of the purchase price over the net estimated fair values of the acquired assets and liabilities was allocated to identifiable intangible assets with the remaining excess allocated to goodwill. Goodwill of $15.2 million was recorded as part of the LBC acquisition and is not expected to be deductible for income tax purposes. The following table presents the assets acquired and liabilities assumed of LBC as of May 1, 2019, and their fair value estimates. The fair value estimates were subject to refinement for up to one year after the closing date of the acquisition for new information obtained about facts and circumstances that existed at the acquisition date. The Company continues its evaluation of the facts and circumstances available as of May 1, 2019, to assign fair values to assets acquired and liabilities assumed, which could result in further adjustments to the fair values presented below. (dollars in thousands, except market price) Initial Fair Value Adjustments Subsequent Adjustments (1) Final Balance Purchase price consideration: Shares of CBAN common stock issued to LBC shareholders as of May 1, 2019 1,053,875 1,053,875 1,053,875 Market price of CBAN common stock on May 1, 2019 $ 17.75 $ (0.46) $ 17.29 Estimated fair value of CBAN common stock issued 18,706 (485) 18,221 Cash consideration paid 15,315 — 15,315 Total consideration $ 34,021 $ (485) $ 33,536 Assets acquired at fair value: Cash and cash equivalents $ 15,678 $ — $ 15,678 Investments securities available for sale 49,172 — 49,172 Investments securities held to maturity 1,766 — 1,766 Restricted investments 479 — 479 Loans 130,568 — 130,568 Premises and equipment 3,009 — 3,009 Core deposit intangible 3,100 — 3,100 Other real estate 243 — 243 Prepaid and other assets 6,143 — 6,143 Total fair value of assets acquired $ 210,158 $ — $ 210,158 Liabilities assumed at fair value: Deposits $ (189,896) $ — $ (189,896) FHLB advances (1,000) — (1,000) Payables and other liabilities (975) — (975) Total fair value of liabilities assumed $ (191,871) $ — $ (191,871) Net assets acquired at fair value: $ 18,287 $ — $ 18,287 Amount of goodwill resulting from acquisition $ 15,734 $ (485) $ 15,249 (1) Subsequent adjustments were done within the one year period allowed after the acquisition. In the acquisition, the Company purchased $130.6 million of loans at fair value, net of $2.2 million, or 1.63%, estimated discount to the outstanding principal balance. Of the total loans acquired, management identified $176,000 that were considered to be credit impaired and are accounted for under ASC Topic 310-30. The table below summarizes the total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and fair value of the loans as of the acquisition date for purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated prepayments. (dollars in thousands) Contractually required principal and interest $ 695 Non-accretable difference (519) Cash Flows expected to be collected 176 Accretable yield — Total purchased credit-impaired loans acquired $ 176 The following table presents the acquired loan data for the LBC acquisition. (dollars in thousands) Fair Value of Gross Contractual Estimate at Acquired receivables subject to ASC 310-30 $ 176 $ 695 $ 519 Acquired receivables not subject to ASC 310-30 130,392 132,381 — Acquisition of PFB Mortgage from Planters First Bank On May 1, 2019, the Bank completed its acquisition of PFB Mortgage, the secondary market mortgage business of Planters First Bank for a total cash consideration of $833,000.The assets acquired included premises and equipment as well as all pipeline loans. The assets acquired were recorded at their respective estimated fair values as of the effective date of the transaction. The excess of the purchase price over fair value of net assets acquired was allocated to goodwill. The following table presents the assets acquired as of May 1, 2019, and their fair value estimates. The fair value estimates were subject to refinement for up to one year after the closing date of the acquisition for new information obtained about facts and circumstances that existed at the acquisition date. The Company continues its evaluation of the facts and circumstances available as of May 1, 2019, to assign fair values to assets acquired and liabilities assumed, which could result in further adjustments to the fair values presented below. (dollars in thousands) Purchase price consideration: Cash consideration paid $ 833 Total consideration $ 833 Assets acquired at fair value: Premises and equipment $ 78 Premium on loan commitments 209 Other assets 5 Total fair value of assets acquired $ 292 Liabilities assumed at fair value: Total fair value of liabilities assumed $ — Net assets acquired at fair value: $ 292 Amount of goodwill resulting from acquisition $ 541

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Investment Securities The amortized cost and estimated fair value of securities available for sale along with gross unrealized gains and losses are summarized as follows: (dollars in thousands) September 30, 2020 Amortized Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 245 $ — $ — $ 245 State, county & municipal securities 38,494 571 (159) 38,906 Corporate debt securities 3,750 3 — 3,753 Mortgage-backed securities 312,764 8,418 (485) 320,697 $ 355,253 $ 8,992 $ (644) $ 363,601 December 31, 2019 Securities Available for Sale: State, county & municipal securities $ 5,133 $ 36 $ (54) $ 5,115 Corporate debt securities 2,811 11 (16) 2,806 Mortgage-backed securities 338,930 2,669 (2,188) 339,411 $ 346,874 $ 2,716 $ (2,258) $ 347,332 The amortized cost and fair value of investment securities as of September 30, 2020, by contractual maturity, are shown hereafter. Expected maturities may differ from contractual maturities for certain investments because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. This is often the case with mortgage-backed securities, which are disclosed separately in the table below. Securities Available for Sale (dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 892 $ 895 Due after one year through five years 3,939 3,989 Due after five years through ten years 7,336 7,505 Due after ten years 30,322 30,515 $ 42,489 $ 42,904 Mortgage-backed securities 312,764 320,697 $ 355,253 $ 363,601 Proceeds from the sale of investment securities totaled $44.5 million and $99.1 million for the nine months ended September 30, 2020 and 2019, respectively. The sale of investment securities for the nine months ended September 30, 2020 and 2019 resulted in gross realized gains of $1.2 million and $314,000 and losses of $204,000 and $215,000, respectively. The sale of investment securities for the three months ended September 30, 2020 and 2019 resulted in gross realized gains of $858,000 and $196,000 and losses of $142,000 and $162,000, respectively. Proceeds from the sale of investment securities held to maturity totaled $1.8 million for the first nine months of 2019, and was sold at par. Investment securities having a carrying value approximating $102.4 million and $122.3 million were pledged to secure public deposits and for other purposes as of September 30, 2020 and December 31, 2019, respectively. Information pertaining to securities with gross unrealized losses at September 30, 2020 and December 31, 2019 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows: Less Than 12 Months 12 Months or Greater Total (dollars in thousands) Fair Gross Fair Gross Fair Gross September 30, 2020 State, county & municipal securities $ 14,173 $ (159) $ — $ — $ 14,173 $ (159) Mortgage-backed securities 36,344 (177) 4,185 (308) 40,529 (485) $ 50,517 $ (336) $ 4,185 $ (308) $ 54,702 $ (644) December 31, 2019 State, county & municipal securities $ 3,257 $ (54) $ — $ — $ 3,257 $ (54) Corporate debt securities — — 784 (16) 784 (16) Mortgage-backed securities 60,860 (277) 119,110 (1,911) 179,970 (2,188) $ 64,117 $ (331) $ 119,894 $ (1,927) $ 184,011 $ (2,258) 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) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value.

Loans

Loans	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Loans	Loans The following table presents the composition of loans segregated by legacy and purchased loans and by class of loans, as of September 30, 2020 and December 31, 2019. Purchased loans are defined as loans that were acquired in bank acquisitions. September 30, 2020 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land and land development $ 110,162 $ 18,129 $ 128,291 Other commercial real estate 464,100 45,892 509,992 Total commercial real estate 574,262 64,021 638,283 Residential real estate 168,139 16,979 185,118 Commercial, financial, & agricultural 242,351 12,564 254,915 Consumer and other 20,420 2,870 23,290 Total Loans $ 1,005,172 $ 96,434 $ 1,101,606 December 31, 2019 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land and land development $ 83,036 $ 13,061 $ 96,097 Other commercial real estate 481,943 58,296 540,239 Total commercial real estate 564,979 71,357 636,336 Residential real estate 171,341 23,455 194,796 Commercial, financial, & agricultural 91,535 22,825 114,360 Consumer and other 19,245 4,077 23,322 Total Loans $ 847,100 $ 121,714 $ 968,814 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. The change in commercial, financial & agricultural loans was primarily a result of commercial and industrial PPP loan originations during the second quarter of 2020, totaling $137.8 million at September 30, 2020. 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. Credit Quality Indicators . As part of the ongoing monitoring of the credit quality of the loan portfolio, management tracks certain credit quality indicators including trends related to (1) the risk grade assigned to commercial and consumer loans, (2) the level of classified commercial loans, (3) net charge-offs, (4) nonperforming loans, and (5) the general economic conditions in the Company’s geographic markets. The Company uses an eight category risk grading system to assign a risk grade to each loan in the portfolio. The following is a description of the general characteristics of the grades: • Grades 1 and 2 – Borrowers with these assigned grades range in risk from virtual absence of risk to minimal risk. Such loans may be secured by Company-issued and controlled certificates of deposit or properly margined equity securities or bonds. Other loans comprising these grades are made to companies that have been in existence for a long period of time with many years of consecutive profits and strong equity, good liquidity, excellent debt service ability and unblemished past performance, or to exceptionally strong individuals with collateral of unquestioned value that fully secures the loans. Loans in this category fall into the “pass” classification. • Grades 3 and 4 – Loans assigned these “pass” risk grades are made to borrowers with acceptable credit quality and risk. The risk ranges from loans with no significant weaknesses in repayment capacity and collateral protection to acceptable loans with one or more risk factors considered to be more than average. • Grade 5 – This grade includes “special mention” loans on management’s watch list and is intended to be used on a temporary basis for pass grade loans where risk-modifying action is intended in the short-term. • Grade 6 – This grade includes “substandard” loans in accordance with regulatory guidelines. This category includes borrowers with well-defined weaknesses that jeopardize the payment of the debt in accordance with the agreed terms. Loans considered to be impaired are assigned this grade, and these loans often have assigned loss allocations as part of the allowance for loan and lease losses. Generally, loans on which interest accrual has been stopped would be included in this grade. • Grades 7 and 8 – These grades correspond to regulatory classification definitions of “doubtful” and “loss,” respectively. In practice, any loan with these grades would be for a very short period of time, of which the Company has no loans with these assigned grades at September 30, 2020. Management manages the Company’s problem loans in such a way that uncollectible loans or uncollectible portions of loans are charged off immediately with any residual, collectible amounts assigned a risk grade of 6. The following table presents the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of September 30, 2020 and December 31, 2019. Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes. (dollars in thousands) Pass Special Mention Substandard Total Loans September 30, 2020 Construction, land and land development $ 99,109 $ 3,930 $ 7,123 $ 110,162 Other commercial real estate 422,661 37,241 4,198 464,100 Total commercial real estate 521,770 41,171 11,321 574,262 Residential real estate 157,809 3,720 6,610 168,139 Commercial, financial, & agricultural 238,613 2,320 1,418 242,351 Consumer and other 20,115 123 182 20,420 Total Loans $ 938,307 $ 47,334 $ 19,531 $ 1,005,172 (dollars in thousands) December 31, 2019 Construction, land and land development $ 82,322 $ 445 $ 269 $ 83,036 Other commercial real estate 459,064 13,438 9,441 481,943 Total commercial real estate 541,386 13,883 9,710 564,979 Residential real estate 159,194 4,632 7,515 171,341 Commercial, financial, & agricultural 86,558 1,973 3,004 91,535 Consumer and other 18,883 148 214 19,245 Total Loans $ 806,021 $ 20,636 $ 20,443 $ 847,100 The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of September 30, 2020 and December 31, 2019. Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes. For the period ending September 30, 2020, the Company did not have any loans classified as “doubtful” or a “loss”. (dollars in thousands) Pass Special Mention Substandard Total Loans September 30, 2020 Construction, land and land development $ 16,430 $ 1,620 $ 79 $ 18,129 Other commercial real estate 43,510 372 2,010 45,892 Total commercial real estate 59,940 1,992 2,089 64,021 Residential real estate 16,585 316 78 16,979 Commercial, financial, & agricultural 10,637 1,889 38 12,564 Consumer and other 2,768 19 83 2,870 Total Loans $ 89,930 $ 4,216 $ 2,288 $ 96,434 December 31, 2019 Construction, land and land development $ 12,996 $ — $ 65 $ 13,061 Other commercial real estate 57,881 381 34 58,296 Total commercial real estate 70,877 381 99 71,357 Residential real estate 23,097 249 109 23,455 Commercial, financial, & agricultural 19,443 2,949 433 22,825 Consumer and other 4,077 — — 4,077 Total Loans $ 117,494 $ 3,579 $ 641 $ 121,714 A loan’s risk grade is assigned at loan origination and is based on the financial strength of the borrower and the type of collateral. Loan risk grades are subject to review at various times throughout the year as part of the Company’s ongoing loan review process. Loans with an assigned risk grade of six or below and an outstanding balance of $250,000 or more are reassessed on a quarterly basis. During this reassessment process individual reserves may be identified and placed against certain loans which are not considered impaired. 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 placed on nonaccrual status if principal or interest payments become 90 days past due or when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory guidelines. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. The following table presents the aging of the amortized cost basis in legacy loans by aging category and accrual status as of September 30, 2020 and December 31, 2019: (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans September 30, 2020 Construction, land and land development $ 90 $ — $ 90 $ — $ 110,072 $ 110,162 Other commercial real estate 206 — 206 2,586 461,308 464,100 Total commercial real estate 296 — 296 2,586 571,380 574,262 Residential real estate 1,390 — 1,390 3,532 163,217 168,139 Commercial, financial, & agricultural 193 — 193 1,451 240,707 242,351 Consumer and other 49 — 49 102 20,269 20,420 Total Loans $ 1,928 $ — $ 1,928 $ 7,671 $ 995,573 $ 1,005,172 December 31, 2019 Construction, land and land development $ 50 $ — $ 50 $ 32 $ 82,954 $ 83,036 Other commercial real estate 335 — 335 3,738 477,870 481,943 Total commercial real estate 385 — 385 3,770 560,824 564,979 Residential real estate 1,296 — 1,296 3,643 166,402 171,341 Commercial, financial, & agricultural 212 — 212 1,628 89,695 91,535 Consumer and other 21 — 21 138 19,086 19,245 Total Loans $ 1,914 $ — $ 1,914 $ 9,179 $ 836,007 $ 847,100 The following table presents the aging of the amortized cost basis in purchased loans by aging category and accrual status as of September 30, 2020 and December 31, 2019: (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans September 30, 2020 Construction, land and land development $ 136 $ — $ 136 $ 79 $ 17,914 $ 18,129 Other commercial real estate — — — 1,976 43,916 45,892 Total commercial real estate 136 — 136 2,055 61,830 64,021 Residential real estate — — — 78 16,901 16,979 Commercial, financial, & agricultural 159 — 159 38 12,367 12,564 Consumer and other — — — 84 2,786 2,870 Total Loans $ 295 $ — $ 295 $ 2,255 $ 93,884 $ 96,434 December 31, 2019 Construction, land and land development $ — $ — $ — $ — $ 13,061 $ 13,061 Other commercial real estate 83 — 83 — 58,213 58,296 Total commercial real estate 83 — 83 — 71,274 71,357 Residential real estate 57 — 57 — 23,398 23,455 Commercial, financial, & agricultural 553 — 553 — 22,272 22,825 Consumer and other 8 — 8 — 4,069 4,077 Total Loans $ 701 $ — $ 701 $ — $ 121,013 $ 121,714 The following table details impaired loan data, including purchased credit impaired loans, as of September 30, 2020. September 30, 2020 (dollars in thousands) Unpaid Recorded Investment Related Average With No Related Allowance Recorded Construction, land and land development $ 6,970 $ 7,023 $ — $ 1,806 Commercial real estate 14,635 13,933 — 8,978 Residential real estate 1,985 1,949 — 1,926 Commercial, financial & agriculture 48 48 — 232 Consumer & other — — — — 23,638 22,953 — 12,942 With An Allowance Recorded Construction, land and land development — — — — Commercial real estate 2,390 2,395 728 9,334 Residential real estate 480 480 74 1,059 Commercial, financial & agriculture 567 567 567 1,332 Consumer & other — — — — 3,437 3,442 1,369 11,725 Purchased Credit Impaired Loans Construction, land and land development 118 118 — 96 Commercial real estate 120 120 — 79 Residential real estate 16 16 5 14 Commercial, financial & agriculture 57 57 — 50 Consumer & other 192 192 83 117 503 503 88 356 Total Construction, land and land development 7,088 7,141 — 1,902 Commercial real estate 17,145 16,448 728 18,391 Residential real estate 2,481 2,445 79 2,999 Commercial, financial & agriculture 672 672 567 1,614 Consumer & other 192 192 83 117 $ 27,578 $ 26,898 $ 1,457 $ 25,023 The following table details impaired loan data as of December 31, 2019. December 31, 2019 (dollars in thousands) Unpaid Recorded Investment Related Average With No Related Allowance Recorded Construction, land and land development $ 67 $ 67 $ — $ 168 Commercial real estate 12,455 11,639 — 13,924 Residential real estate 2,706 2,711 — 3,693 Commercial, financial & agriculture 257 257 — 910 Consumer & other — — — 123 15,485 14,674 — 18,818 With An Allowance Recorded Construction, land and land development — — — 80 Commercial real estate 6,379 6,385 1,939 3,898 Residential real estate 757 760 137 367 Commercial, financial & agriculture 2,189 1,989 1,073 722 Consumer & other — — — — 9,325 9,134 3,149 5,067 Purchased Credit Impaired Loans Construction, land and land development 65 65 — 80 Commercial real estate 34 34 — 35 Residential real estate 11 11 6 24 Commercial, financial & agriculture 37 37 — 47 Consumer & other — — — — 147 147 6 186 Total Construction, land and land development 132 132 — 328 Commercial real estate 18,868 18,058 1,939 17,857 Residential real estate 3,474 3,482 143 4,084 Commercial, financial & agriculture 2,483 2,283 1,073 1,679 Consumer & other — — — 123 $ 24,957 $ 23,955 $ 3,155 $ 24,071 Interest income recorded on impaired loans during the three months ended September 30, 2020 and 2019 were $104,000 and $274,000, respectively and during the nine months ended September 30, 2020 and 2019 were $154,000 and $477,000, respectively. Troubled Debt Restructurings The restructuring of a loan is considered a troubled debt restructuring ("TDRs") if both the borrower is experiencing financial difficulties and the Company has granted a concession to the terms of the loan. Concessions may include interest rate reductions to below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. As discussed in Note 1 of the Notes to Consolidated Financial Statements for the year ended December 31, 2019, which are included in the Company’s 2019 Form 10-K, once a loan is identified as a TDR, it is accounted for as an impaired loan. The Company had no unfunded commitments to lend to a customer that has a troubled debt restructured loan as of September 30, 2020. The Company had three loan contracts restructured during the three and nine month periods ended September 30, 2020, all three modifications were payment deferral modifications. Two of the loans were commercial real estate totaling $131,000 and there was one commercial loan totaling $97,000. Loans modified in a troubled debt restructuring are considered to be in default once the loan becomes 90 days past due. A TDR may cease being classified as impaired if the loan is subsequently modified at market terms and, has performed according to the modified terms for at least six months, and there has not been any prior principal forgiveness on a cumulative basis. The Company had no loans that subsequently defaulted during the three or nine months ended September 30, 2020 and 2019. Modifications in Response to COVID-19 Certain borrowers are currently unable to meet their contractual payment obligations because of the adverse effects of the COVID-19 pandemic. To help mitigate these effects, loan customers may apply for a deferral of payments, or portions thereof, for up to three months. In the absence of other intervening factors, such short-term modifications made on a good faith basis are not categorized as troubled debt restructurings, nor are loans granted payment deferrals related to the COVID-19 pandemic reported as past due or placed on nonaccrual status (provided the loans were not past due or on nonaccrual status prior to the deferral).

Allowance for Loan Losses

Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Allowance for Loan Losses	Allowance for Loan Losses The following tables detail activity in the allowance for loan losses, segregated by class of loan, for the three and nine months periods ended September 30, 2020 and September 30, 2019. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other loan categories and periodically may result in reallocation within the provision categories. (dollars in thousands) Construction, land and land development Other commercial real estate Residential real estate Commercial, financial & agricultural Consumer and other Total Three months ended September 30, 2020 Beginning Balance $ 759 $ 5,711 $ 1,631 $ 1,913 $ 275 $ 10,289 Charge-offs — (226) (144) (153) (36) (559) Recoveries 6 3 120 1 54 184 Provision 199 127 317 346 117 1,106 Ending balance 964 5,615 1,924 2,107 410 11,020 Nine months ended September 30, 2020 Beginning Balance $ 215 $ 3,908 $ 980 $ 1,657 $ 103 $ 6,863 Charge-offs (4) (226) (159) (221) (846) (1,456) Recoveries 31 29 130 21 140 351 Provision 722 1,904 973 650 1,013 5,262 Ending balance 964 5,615 1,924 2,107 410 11,020 Period end amount allocated to Individually evaluated for impairment — 728 74 567 — 1,369 Collectively evaluated for impairment 964 4,887 1,845 1,540 327 9,563 Purchase credit impaired — — 5 — 83 88 Ending Balance 964 5,615 1,924 2,107 410 11,020 Loans Individually evaluated for impairment 7,023 16,329 2,429 614 — 26,395 Collectively evaluated for impairment 121,150 493,543 182,673 254,244 23,098 1,074,708 Purchase credit impaired 118 120 16 57 192 503 Ending balance $ 128,291 $ 509,992 $ 185,118 $ 254,915 $ 23,290 $ 1,101,606 (dollars in thousands) Construction, land and land development Other commercial real estate Residential real estate Commercial, financial & agricultural Consumer and other Total Three months ended September 30, 2019 Beginning Balance $ 12 $ 4,430 $ 845 $ 1,421 $ 81 $ 6,789 Charge-offs — — (110) (225) (253) (588) Recoveries 7 142 7 14 15 185 Provision 156 (559) 215 104 298 214 Ending balance 175 4,013 957 1,314 141 6,600 Nine months ended September 30, 2019 Beginning Balance $ 131 $ 5,251 $ 1,181 $ 618 $ 96 $ 7,277 Charge-offs (29) (119) (757) (350) (432) (1,687) Recoveries 61 183 166 31 45 486 Provision 12 (1,302) 367 1,015 432 524 Ending balance 175 4,013 957 1,314 141 6,600 December 31, 2019 Period end amount allocated to Individually evaluated for impairment — 1,939 137 1,073 — 3,149 Collectively evaluated for impairment 215 1,969 837 584 103 3,708 Purchase credit impaired — — 6 — — 6 Ending Balance 215 3,908 980 1,657 103 6,863 Loans Individually evaluated for impairment 67 18,024 3,471 2,246 — 23,808 Collectively evaluated for impairment 95,965 522,181 191,314 112,077 23,322 944,859 Purchase credit impaired 65 34 11 37 — 147 Ending Balance $ 96,097 $ 540,239 $ 194,796 $ 114,360 $ 23,322 $ 968,814 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.

Leases

Leases	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases	Leases A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. On January 1, 2019, the Company adopted ASU No. 2016-02 and all subsequent ASUs that modified this topic (collectively referred to as “Topic 842”). For the Company, Topic 842 primarily affected the accounting treatment for operating lease agreements in which the Company is the lessee. Substantially all of the leases in which the Company is the lessee are comprised of real estate for branches and office space with terms extending through 2027. All leases are classified as operating leases, and therefore, were previously not recognized on the Company’s consolidated balance sheet. With the adoption of Topic 842, operating lease arrangements are required to be recognized on the consolidated balance sheet as a right-of-use (“ROU”) asset and a corresponding lease liability. The following table represents the consolidated balance sheet classification of the Company’s ROU assets and liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet. (dollars in thousands) Classification September 30, 2020 December 31, 2019 Assets Operating lease right-of-use assets Other assets $ 572 $ 572 Liabilities Operating lease liabilities Other liabilities 576 547 The calculated amount of the ROU assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the ROU asset and lease liability. Regarding the discount rate, Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception, on a collateralized basis, over a similar term. For operating leases existing prior to January 1, 2020, the rate for the remaining lease term as of January 1, 2020 was used. Operating lease cost was $64,000 and $31,000 for the three months ended September 30, 2020 and 2019, respectively, and $180,000 and $61,000 for the nine months ended September 30, 2020 and 2019 respectively. As of September 30, 2020, the weighted average remaining lease term was 4.54 years and the weighted average discount rate was 1.77%. The following table represents the future maturities of the operating lease liabilities and other lease information as of September 30, 2020. (dollars in thousands) Lease Liability 2021 $ 198 2022 149 2023 79 2024 45 2025 45 After September 30, 2025 93 Total lease payments $ 609 Less: interest (33) Present value of lease liabilities $ 576 Supplemental lease information: Cash paid for amounts included in the measurement of lease liabilities: September 30, 2020 September 30, 2019 Operating cash flows from operating leases (cash payments) $ 176 $ 104 Operating cash flows from operating leases (lease liability addition) 167 101 Operating lease right-of-use assets obtained in exchange for leases entered into during the period 196 193

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Borrowings	Borrowings The following table presents information regarding the Company’s outstanding borrowings at September 30, 2020 and December 31, 2019: (dollars in thousands) September 30, 2020 December 31, 2019 Federal Home Loan Bank advances $ 22,500 $ 47,000 Paycheck Protection Program (PPP) Liquidity Facility 134,500 — Other borrowings 38,042 38,792 $ 195,042 $ 85,792 Advances from the Federal Home Loan Bank (“FHLB”) have maturities ranging from 2021 to 2029 and interest rates ranging from 1.05% to 3.51%. As collateral on the outstanding FHLB advances, the Company has provided a blanket lien on its portfolio of qualifying residential first mortgage loans, commercial loans, multifamily loans and HELOC loans. At September 30, 2020, the lendable collateral of those loans pledged is $88.6 million. At September 30, 2020, the Company had remaining credit availability from the FHLB of $416.1 million. The Company may be required to pledge additional qualifying collateral in order to utilize the full amount of the remaining credit line. On May 1, 2019, the Company completed a borrowing arrangement with a correspondent bank for $10.0 million. The term note is secured by the Bank’s stock, expires on May 1, 2024, and bears a fixed interest rate of 4.70%. The proceeds were used for the acquisition of LBC Bancshares, Inc. and its subsidiary, Calumet Bank. As of September 30, 2020, the outstanding balance totaled $8.5 million. On May 1, 2019, the Company completed a revolving credit arrangement with a correspondent bank with a maximum line amount of $10.0 million. This line of credit is secured by the Bank’s stock, expires on May 1, 2021, and bears a variable interest rate of Wall Street Journal Prime minus 0.40%. The Company advanced $5.3 million that was used toward the acquisition of LBC Bancshares, Inc. and its subsidiary, Calumet Bank. As of September 30, 2020, the outstanding balance totaled $5.3 million. On April 20, 2020 the Company completed a Paycheck Protection Program Liquidity Facility (PPPLF) credit arrangement with The Federal Reserve Bank. This line of credit is secured by PPP loans and bears a fixed interest rate of 0.35% with a maturity date equal to the maturity date of the related PPP loans, with the PPP loans maturing either two The aggregate stated maturities of other borrowed money at September 30, 2020 are as follows: (dollars in thousands) Year Amount 2021 $ 5,313 2022 — 2023 3,000 2024 8,500 2025 and After 43,729 PPPLF 134,500 $ 195,042 The Company also has available federal funds lines of credit with various financial institutions totaling $55.0 million, none of which were outstanding at September 30, 2020. 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 September 30, 2020, the Company had borrowing capacity available under this arrangement, with no outstanding balances. The Company would be required to pledge certain available-for-sale investment securities as collateral under this agreement. The Company's Trust Preferred Securities are recorded as subordinated debentures on the consolidated balance sheets, but subject to certain limitations, qualify as Tier 1 Capital for regulatory capital purposes. At September 30, 2020 and December 31, 2019, Trust Preferred Securities was $24.2 million. The proceeds from the offerings were used to fund certain acquisitions, pay off holding company debt and inject capital into the bank subsidiary. The Trust preferred securities pay interest quarterly.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	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. The following table presents earnings per share for the three and nine months ended September 30, 2020 and 2019. (dollars in thousands, except per share data) Three Months Ended Nine Months Ended 2020 2019 2020 2019 Numerator Net income available to common stockholders $ 3,099 $ 2,518 $ 6,916 $ 7,455 Denominator Weighted average number of common shares Outstanding for basic earnings per common share 9,499 9,495 9,499 9,008 Weighted-average number of shares outstanding for diluted earnings per common share 9,499 9,495 9,499 9,008 Earnings per share - basic $ 0.33 $ 0.27 $ 0.73 $ 0.83 Earnings per share - diluted $ 0.33 $ 0.27 $ 0.73 $ 0.83

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Credit-Related Financial Instruments. The Company is a party to credit related financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit and commercial letters of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. 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. The Company evaluates 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 include cash or cash equivalents, negotiable instruments, real estate, accounts receivable, inventory, oil, gas and mineral interests, property, plant, and equipment. At September 30, 2020 and December 31, 2019 the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount (dollars in thousands) September 30, 2020 December 31, 2019 Loan commitments $ 147,410 $ 102,890 Letters of credit 3,540 1,576 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for equity lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer. 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 contain a specified maturity date and may not be drawn upon to the total extent to which the Company is committed. Standby and performance letters of credit are conditional lending commitments issued by the Company to guarantee the performance of a customer to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. Essentially all letters of credit issued have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Legal Contingencies . In the ordinary course of business, there are various legal proceedings pending against the Company and the Bank. As of September 30, 2020, the aggregate liabilities, if any, arising from such proceedings would not, in the opinion of management, have a material adverse effect on the Company’s consolidated financial position.

Fair Value of Financial Instrum

Fair Value of Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments and Fair Value Measurements	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 recognized on the face of the balance sheet, for which it is practicable to estimate that value. The assumptions used in the estimation of the fair value of the Company and the Bank’s financial instruments are detailed hereafter. Where quoted prices are not available, fair values are based on estimates using discounted cash flows and other valuation techniques. The use of discounted cash flows can be significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Generally accepted accounting principles related to Fair Value Measurements define fair value, establish a framework for measuring fair value, establish a three-level valuation hierarchy for disclosure of fair value measurement and enhance disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: • 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 be considered a surrogate of the liquidation value of the Company, but rather a good-faith estimate of the increase or decrease in value of financial instruments held by the Company since purchase, origination or issuance. Cash and short-term investments – For cash, due from banks, bank-owned deposits and federal funds sold, the carrying amount is a reasonable estimate of fair value and is classified as Level 1. Investment securities – Fair values for investment securities are based on quoted market prices where available and classified as Level 1. If quoted market prices are not available, estimated fair values are based on quoted market prices of comparable instruments and classified as Level 2. If a comparable is not available, the investment securities are classified as Level 3. Other investments, at cost – The fair value of Federal Home Loan Bank stock approximates carrying value and is classified as Level 1. If quoted market prices are not available, estimated fair values are based on quoted market prices of comparable instruments and classified as Level 2. Loans held for sale – The fair value of loans held for sale is determined on outstanding commitments from third party investors in the secondary markets and is classified within Level 2 of the valuation hierarchy. Loans – The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings. For variable rate loans, the carrying amount is a reasonable estimate of fair value. Most loans are classified as Level 3. Deposit liabilities – The fair value of demand deposits, savings accounts and certain money market deposits is the amount payable on demand at the reporting date and is classified as Level 2. The fair value of deposits is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities and is classified as Level 2. Federal Home Loan Bank advances – The fair value of Federal Home Loan Bank advances is estimated by discounting the future cash flows using the current rates at which similar advances would be obtained. Federal Home Loan Bank advances are classified as Level 2. Paycheck Protection Liquidity Facility – The fair value of Paycheck Protection Liquidity Facility is estimated by discounting the future cash flows using the current rates at which similar advances would be obtained. Paycheck Protection Liquidity Facility are classified as Level 2. Other borrowings – The fair value of other borrowings is calculated by discounting contractual cash flows using an estimated interest rate based on current rates available to the Company for debt of similar remaining maturities and collateral terms. Other borrowings is classified as Level 2 due to their expected maturities. Disclosures of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis, are required in the financial statements. The carrying amount, estimated fair values, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2020 and December 31, 2019 are as follows: Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level September 30, 2020 Assets Cash and short-term investments $ 148,839 $ 148,839 $ 148,839 $ — $ — Investment securities available for sale 363,601 363,601 — 361,599 2,002 Other investments, at cost 3,296 3,296 2,567 729 — Loans held for sale 55,864 55,864 — 55,864 — Loans, net 1,090,586 1,111,221 — — 1,111,221 Liabilities Deposits 1,416,400 1,416,311 — 1,416,311 — Paycheck Protection Program Liquidity Facility 22,500 20,742 — 20,742 — Federal Home Loan Bank advances 134,500 134,500 — 134,500 — Other borrowings 38,042 38,042 — 38,046 — Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level December 31, 2019 Assets Cash and short-term investments $ 104,092 $ 104,092 $ 104,192 $ — $ — Investment securities available for sale 347,332 347,332 — 345,310 2,022 Other investments, at cost 4,288 4,288 3,559 729 — Loans held for sale 10,076 10,076 — 10,076 — Loans, net 961,951 938,475 — — 938,475 Liabilities Deposits 1,293,742 1,294,506 — 1,294,506 — Federal Home Loan Bank advances 47,000 44,402 — 44,402 — Other borrowings 38,792 38,792 — 38,792 — 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 reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on many judgments. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. 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 considered financial instruments. Significant assets and liabilities that are not considered financial instruments include deferred income taxes and premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates. 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: Securities – Where quoted prices are available in an active market, securities are classified within level 1 of the valuation hierarchy. Level 1 inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. Examples of such instruments, which would generally be classified within level 2 of the valuation hierarchy, include certain collateralized mortgage and debt obligations and certain high-yield debt securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within level 3 of the valuation hierarchy. When measuring fair value, the valuation techniques available under the market approach, income approach and/or cost approach are used. The Company’s evaluations are based on market data and the Company employs combinations of these approaches for its valuation methods depending on the asset class. Impaired Loans – Impaired loans are those loans which the Company has measured impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. Other Real Estate – Other real estate owned assets are adjusted to fair value less estimated selling costs upon transfer of the loans to other real estate. Typically, an external, third-party appraisal is performed on the collateral upon transfer into the other real estate account to determine the asset’s fair value. Subsequent adjustments to the collateral’s value may be based upon either updated third-party appraisals or management’s knowledge of the collateral and the current real estate market conditions. Appraised amounts used in determining the asset’s fair value, whether internally or externally prepared, are discounted 10% to account for selling and marketing costs. 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 classification of the inputs for determining fair value. Because of the high degree of judgment required in estimating the fair value of other real estate assets and because of the relationship between fair value and general economic conditions, we consider the fair value of other real estate assets to be highly sensitive to changes in market conditions. Assets Measured at Fair Value on a Recurring and Nonrecurring Basis – The following table presents the recorded amount of the Company’s assets measured at fair value on a recurring and nonrecurring basis as of September 30, 2020 and December 31, 2019, aggregated by the level in the fair value hierarchy within which those measurements fall. The table below includes only impaired loans with a specific reserve and only other real estate properties with a valuation allowance at September 30, 2020 and December 31, 2019. Those impaired loans and other real estate properties are shown net of the related specific reserves and valuation allowances. Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair Value (Level 1) (Level 2) (Level 3) September 30, 2020 Recurring Securities Available for Sale U.S. treasury securities $ 245 $ — $ 245 $ — State, county & municipal securities 38,906 — 38,906 — Corporate Debt securities 3,753 — 1,751 2,002 Mortgage-backed securities 320,697 — 320,697 — Total available for sale securities $ 363,601 $ — $ 361,599 $ 2,002 Nonrecurring Collateral Dependent Impaired Loans $ 2,178 $ — $ — $ 2,178 Other Real Estate 1,875 — — 1,875 Total nonrecurring assets $ 4,053 $ — $ — $ 4,053 Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair (Level 1) (Level 2) (Level 3) December 31, 2019 Recurring Securities Available for Sale State, county & municipal securities $ 5,115 $ — $ 5,115 $ — Corporate Debt securities 2,806 — 784 2,022 Mortgage-backed securities 339,411 — 339,411 — Total available for sale securities $ 347,332 $ — $ 345,310 $ 2,022 Nonrecurring Collateral Dependent Impaired Loans $ 5,985 $ — $ — 5,985 Other Real Estate 1,320 — — 1,320 Total nonrecurring assets $ 7,305 $ — $ — $ 7,305 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) The following table presents quantitative information about the significant unobservable inputs used in the fair value measurements for assets in level 3 of the fair value hierarchy measured on a nonrecurring basis at September 30, 2020 and December 31, 2019. This table is comprised primarily of collateral dependent impaired loans and other real estate: (dollars in thousands) September 30, 2020 Valuation Unobservable Range Collateral Dependent Impaired Loans $ 2,178 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 10 % 80 % Other Real Estate 1,875 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell — % 20 % (dollars in thousands) December 31, 2019 Valuation Unobservable Range Collateral Dependent Impaired Loans $ 5,985 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell — % 20 % Other Real Estate 1,320 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell — % 20 % 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) for the nine months ended September 30, 2020 and 2019. Available for Sale Securities (dollars in thousands) September 30, 2020 September 30, 2019 Balance, Beginning $ 2,022 $ 4,277 Transfers out of Level 3 — — Sales — — Paydowns (883) Realized Loss on Sale of Security — — Unrealized gains (losses) included in Other Comprehensive Income (20) 40 Balance, Ending $ 2,002 $ 3,434 The Company’s policy is to recognize transfers in and transfers out of levels 1, 2 and 3 as of the end of a reporting period. There were no transfers of securities between levels for the three and nine months ended September 30, 2020 and 2019. The following table presents quantitative information about recurring level 3 fair value measurements as of September 30, 2020 and December 31, 2019. (dollars in thousands) September 30, 2020 Fair Value Valuation Techniques Unobservable Range Corporate debt securities $ 2,002 Discounted Cash Flow Discount Rate or Yield N/A* December 31, 2019 Corporate debt securities $ 2,022 Discounted Cash Flow Discount Rate or Yield N/A* * The Company relies on a third-party pricing service to value its securities. The details of the unobservable inputs and other adjustments used by the third-party pricing service were not readily available to the Company.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s operating segments include banking, mortgage banking and small business specialty lending division. The reportable segments are determined by the products and services offered, and internal reporting. The Bank segment derives its revenues from the delivery of full-service financial services, including retail and commercial banking services and deposit accounts. The Mortgage Banking segment derives its revenues from the origination and sales of residential mortgage loans held for sale. The Small Business Specialty Lending Division segment derives its revenue from the origination, sales and servicing of Small Business Administration loans and other government guaranteed loans. Segment performance is evaluated using net interest income and noninterest income. Income taxes are allocated based on income before income taxes, and indirect expenses (includes management fees) are allocated based on various internal factors for each segment. Transactions among segments are made at fair value. Information reported internally for performance assessment follows. The following tables present information reported internally for performance assessment for the three and nine months ended September 30, 2020 and 2019: (dollars in thousands) Bank Mortgage Small Totals Three months ended September 30, 2020 Net Interest Income $ 12,920 $ 188 $ 740 $ 13,848 Provision for Loan Losses 1,106 — — 1,106 Noninterest Income 4,139 2,612 803 7,554 Noninterest Expenses 13,242 2,410 661 16,313 Income Taxes 785 82 17 884 Segment Profit (Loss) $ 1,926 $ 308 $ 865 $ 3,099 Segments Assets at September 30, 2020 $ 1,563,131 $ 50,265 $ 146,050 $ 1,759,446 (dollars in thousands) Bank Mortgage Small Totals Three months ended September 30, 2019 Net Interest Income $ 12,575 $ 81 $ — $ 12,656 Provision for Loan Losses 214 — — 214 Noninterest Income 2,785 1,245 — 4,030 Noninterest Expenses 11,637 1,191 529 13,357 Income Taxes 501 (15) 111 597 Segment Profit $ 3,008 $ 150 $ (640) $ 2,518 Segments Assets at September 30, 2019 $ 1,473,535 $ 3,998 $ 149 $ 1,477,682 (dollars in thousands) Bank Mortgage Small Totals Nine months ended September 30, 2020 Net Interest Income $ 38,306 $ 305 $ 1,483 $ 40,094 Provision for Loan Losses 5,262 — — 5,262 Noninterest Income 9,960 5,686 1,183 16,829 Noninterest Expenses 36,712 5,302 924 42,938 Income Taxes 1,472 137 198 1,807 Segment Profit (Loss) $ 4,820 $ 552 $ 1,544 $ 6,916 (dollars in thousands) Bank Mortgage Small Totals Nine months ended September 30, 2019 Net Interest Income $ 34,754 $ 100 $ — $ 34,854 Provision for Loan Losses 524 — — 524 Noninterest Income 8,462 1,888 — 10,350 Noninterest Expenses 32,832 2,037 529 35,398 Income Taxes 1,726 (10) 111 1,827 Segment Profit $ 8,134 $ (39) $ (640) $ 7,455

Regulatory Capital Matters

Regulatory Capital Matters	9 Months Ended
	Sep. 30, 2020
Banking And Thrift Disclosure [Abstract]
Regulatory Capital Matters	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 pay cash dividends to the parent company in excess of regulatory limitations. 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 capital to risk-weighted assets, and of Tier 1 capital to average assets. As of September 30, 2020, the interim final Basel III rules (“Basel III”) require the Company to also maintain minimum amounts and ratios of common equity Tier 1 capital to risk-weighted assets. These amounts and ratios as defined in regulations are presented hereafter. Management believes, as of September 30, 2020, the Company meets all capital adequacy requirements to which it is subject under the regulatory framework for prompt corrective action. In the opinion of management, there are no events or conditions since prior notification of capital adequacy from the regulators that have changed the institution’s category. The Basel III rules also require the implementation of a new capital conservation buffer comprised of common equity Tier 1 capital. The capital conservation buffer was phased in beginning January 1, 2016 at 0.625% of risk-weighted assets and increase each subsequent year by 0.625% until reaching its final level of 2.5% on January 1, 2019. The Bank is participating in the PPP and the PPPLF to fund PPP Loans. In accordance with regulatory guidance, PPP loans pledged as collateral for PPPLF, and PPPLF advances, are excluded from leverage capital ratios. PPP loans will also carry a 0% risk-weight for risk-based capital rules. The Board of Governors of the Federal Reserve raised the threshold for determining applicable of the Small Bank Holding Company and Savings and Loan Company Policy Statement in August 2018 from $1 billion to $3 billion in consolidated total assets to provide regulatory burden relief, therefore, the Company is no longer subject to the minimum capital requirements. The following table summarizes regulatory capital information as of September 30, 2020 and December 31, 2019 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for September 30, 2020 and December 31, 2019 were calculated in accordance with the Basel III rules. (dollars in thousands) Actual For Capital To Be Well Amount Ratio Amount Ratio Amount Ratio As of September 30, 2020 Total Capital to Risk-Weighted Assets Consolidated $ 168,270 15.29 % $ 88,042 8.00 % N/A N/A Colony Bank 158,046 14.35 88,109 8.00 $ 110,137 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 157,250 14.29 66,025 6.00 N/A N/A Colony Bank 147,026 13.35 66,079 6.00 88,105 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 133,750 12.16 49,496 4.50 N/A N/A Colony Bank 147,026 13.35 49,559 4.50 71,586 6.50 Tier I Capital to Average Assets Consolidated 157,250 10.17 61,849 4.00 N/A N/A Colony Bank 147,026 9.66 60,880 4.00 76,100 5.00 (dollars in thousands) Actual For Capital To Be Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019 Total Capital to Risk-Weighted Assets Consolidated $ 140,973 13.17 % $ 85,661 8.00 % N/A N/A Colony Bank 151,444 14.19 85,407 8.00 $ 106,758 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 134,110 12.52 64,246 6.00 N/A N/A Colony Bank 144,581 13.54 64,055 6.00 8,547 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 110,610 10.33 48,185 4.50 N/A N/A Colony Bank 144,581 13.54 48,041 4.50 69,393 6.50 Tier I Capital to Average Assets Consolidated 134,110 8.92 60,141 4.00 N/A N/A Colony Bank 144,581 9.77 59,977 4.00 74,972 5.00

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend On October 15, 2020, the Board of Directors declared a quarterly cash dividend of $0.10 per share, to be paid on its common stock on November 13, 2020, to shareholders of record as of the close of business on October 30, 2020. COVID-19 The COVID-19 pandemic is having, and will likely continue to have, significant effects on global markets, supply chains, businesses and communities. COVID-19 is likely to impact the Company’s future financial condition and results of operations, including, but not limited to, additional credit loss reserves, additional collateral and/or modifications to debt obligations, liquidity, limited dividend payouts or potential shortages of personnel.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Presentation	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”). The “Company” or “our,” as used herein, includes Colony Bank. In July 2019, a new subsidiary of the Company was incorporated under the name Colony Risk Management, Inc. Colony Risk Management, Inc. is a subsidiary of the Company and is located in Las Vegas, Nevada. It is a captive insurance subsidiary which insures various liability and property damage policies for the Company and its related subsidiaries. Colony Risk Management is regulated by the State of Nevada Division of Insurance. All adjustments consisting of normal recurring accruals which are, in the opinion of management, necessary for fair presentation of the interim consolidated financial statements, have been included and fairly and accurately present the financial position, results of operations and cash flows of the Company. 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 for interim financial information and Regulation S-X. Accordingly, the accompanying unaudited interim consolidated financial statements do not include all of the information or notes required for complete financial statements. The results of operations for the three and nine months ended September 30, 2020 are not necessarily indicative of the results which may be expected for the year ending December 31, 2020. These statements should be read in conjunction with the consolidated financial statements and notes thereto in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 (“2019 10-K”).
Nature of Operations	Nature of Operations The Bank provides a full range of retail, commercial and mortgage 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 and mortgage offices in Albany, Ashburn, Athens, Broxton, Centerville, Columbus, Cordele, Douglas, Eastman, Fitzgerald, LaGrange, Leesburg, Macon, 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	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, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and fair value of assets acquired and liabilities assumed in a business combination, including goodwill impairment.
Reclassifications	Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to statement presentations selected for 2020. Such reclassifications have not materially affected previously reported stockholders’ equity or net income.
Concentrations of Credit Risk	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 September 30, 2020, approximately 75% of the Company’s loan portfolio was concentrated in loans secured by real estate. A substantial portion of borrowers’ ability to honor their contractual obligations is dependent upon the viability of the real estate economic sector. Management continues to monitor these concentrations and has considered these concentrations in its allowance for loan loss analysis. 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 have cash and cash equivalents at financial institutions in excess of federal deposit insurance limits. The Company places its cash and cash equivalents with high credit quality financial institutions whose credit ratings are monitored by management to minimize credit risk.
Changes in Accounting Principles and effects of New Accounting Pronouncements	Changes in Accounting Principles and Effects of New Accounting Pronouncements ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). This ASU sets forth a “current expected credit loss” (CECL) model which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supported forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. On October 16, 2019, FASB voted to extend the delay of the effective date of this ASU for smaller reporting companies, such as the Company, until fiscal years beginning after December 15, 2022. The Company is currently assessing the impact of the adoption of this ASU on its consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This update removes several exceptions related to intraperiod tax allocation when there is a loss from continuing operations and income from other items, foreign subsidiaries becoming equity method investments and vice versa, and calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. The guidance also amends requirements related to franchise tax that is partially based on income, a step up in the tax basis of goodwill, allocation of consolidated tax expense to a legal entity not subject to tax in its separate financial statements, the effects of enacted changes in tax laws and other minor codification improvements regarding employee stock ownership plans and investments in qualified affordable housing projects. For public entities, this guidance is effective for fiscal years beginning after December 15, 2020. The Company does not expect the new guidance to have a material impact on the consolidated financial statements. In January 2020, the FASB issued ASU No. 2020-01, "Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)—Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 (a consensus of the Emerging Issues Task Force)". This update clarifies whether an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative and how to account for certain forward contracts and purchased options to purchase securities. For public entities, this guidance is effective for fiscal years beginning after December 15, 2020. The Company does not expect the new guidance to have a material impact on the consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04 "Reference Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting" ("ASU 2020-04"). ASU 2020-04 provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of ) reference rate reform on financial reporting. The amendments are effective for the Company as of March 12, 2020 through December 31, 2022. The Company does not believe this standard will have a material impact on its consolidated financial statements. Operating, Accounting and Reporting Considerations Related to COVID-19 The COVID-19 pandemic has negatively impacted the global economy, including the Company’s primary metropolitan markets. In response to this crisis, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was passed by Congress and signed into law on March 27, 2020. The CARES Act provides an estimated $2.2 trillion to fight the COVID-19 pandemic and stimulate the economy by supporting individuals and businesses through loans, grants, tax changes, and other types of relief. Some of the provisions applicable to the Company include, but are not limited to: • Accounting for Loan Modifications - The CARES Act provides that financial institutions may elect to suspend (1) the requirements under GAAP for certain loan modifications that would otherwise by categorized as a troubled debt restructure (“TDR”) and (2) any determination that such loan modifications would be considered a TDR, including the related impairment for accounting purposes. • Paycheck Protection Program - The CARES Act established the Paycheck Protection Program “PPP”), an expansion of the Small Business Administration’s 7(a) loan program and the Economic Injury Disaster Loan Program (“EIDL”), administered directly by the SBA. Also in response to the COVID-19 pandemic, the Board of Governors of the Federal Reserve System (“FRB”), the Federal Deposit Insurance Corporation (“FDIC”), the National Credit Union Administration (“NCUA”), the Office of the Comptroller of the Currency (“OCC”), and the Consumer Financial Protection Bureau (“CFPB”), in consultation with the state financial regulators (collectively, the “agencies”) issued a joint interagency statement (issued March 22, 2020; revised statement issued April 7, 2020). Some of the provisions applicable to the Company include, but are not limited to: • Accounting for Loan Modifications - Loan modifications that do not meet the conditions of the CARES Act may still qualify as a modification that does not need to be accounted for as a TDR. The agencies confirmed with FASB staff that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not TDRs. This includes short-term (e.g., three months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or insignificant delays in payment, as long as such modifications are (1) related to COVID-19; (2) executed on a loan that was not more than 30 days past due as of December 31, 2019; and (3) executed between March 1, 2020, and the earlier of (a) 60 days after the date of termination of the national emergency declaration or (b) December 31, 2020. • Past Due Reporting - With regard to loans not otherwise reportable as past due, financial institutions are not expected to designate loans with deferrals granted due to COVID-19 as past due because of the deferral. A loan’s payment date is governed by the due date stipulated in the legal agreement. If a financial institution agrees to a payment deferral, these loans would not be considered past due reporting during the period of the deferral. • Nonaccrual Status and Charge-offs - During short-term COVID-19 modifications, these loans generally should not be reported as nonaccrual or as classified. As such, beginning in late March 2020, the Company provided relief programs consisting primarily of 90-day payment deferral relief of principal and interest to borrowers negatively impacted by COVID-19 and has accounted for these loan modifications in accordance with ASC 310-40. In addition, the Company also provided principal only payment deferral relief to borrowers of which interest income has been recognized during the deferment period on these interest-only loans.

Business Acquisitions (Tables)

Business Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	(dollars in thousands, except market price) Initial Fair Value Adjustments Subsequent Adjustments (1) Final Balance Purchase price consideration: Shares of CBAN common stock issued to LBC shareholders as of May 1, 2019 1,053,875 1,053,875 1,053,875 Market price of CBAN common stock on May 1, 2019 $ 17.75 $ (0.46) $ 17.29 Estimated fair value of CBAN common stock issued 18,706 (485) 18,221 Cash consideration paid 15,315 — 15,315 Total consideration $ 34,021 $ (485) $ 33,536 Assets acquired at fair value: Cash and cash equivalents $ 15,678 $ — $ 15,678 Investments securities available for sale 49,172 — 49,172 Investments securities held to maturity 1,766 — 1,766 Restricted investments 479 — 479 Loans 130,568 — 130,568 Premises and equipment 3,009 — 3,009 Core deposit intangible 3,100 — 3,100 Other real estate 243 — 243 Prepaid and other assets 6,143 — 6,143 Total fair value of assets acquired $ 210,158 $ — $ 210,158 Liabilities assumed at fair value: Deposits $ (189,896) $ — $ (189,896) FHLB advances (1,000) — (1,000) Payables and other liabilities (975) — (975) Total fair value of liabilities assumed $ (191,871) $ — $ (191,871) Net assets acquired at fair value: $ 18,287 $ — $ 18,287 Amount of goodwill resulting from acquisition $ 15,734 $ (485) $ 15,249 (1) Subsequent adjustments were done within the one year period allowed after the acquisition. (dollars in thousands) Purchase price consideration: Cash consideration paid $ 833 Total consideration $ 833 Assets acquired at fair value: Premises and equipment $ 78 Premium on loan commitments 209 Other assets 5 Total fair value of assets acquired $ 292 Liabilities assumed at fair value: Total fair value of liabilities assumed $ — Net assets acquired at fair value: $ 292 Amount of goodwill resulting from acquisition $ 541
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period	The table below summarizes the total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and fair value of the loans as of the acquisition date for purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated prepayments. (dollars in thousands) Contractually required principal and interest $ 695 Non-accretable difference (519) Cash Flows expected to be collected 176 Accretable yield — Total purchased credit-impaired loans acquired $ 176
Schedule of Business Acquisitions by Acquisition, Acquired Loan Data	The following table presents the acquired loan data for the LBC acquisition. (dollars in thousands) Fair Value of Gross Contractual Estimate at Acquired receivables subject to ASC 310-30 $ 176 $ 695 $ 519 Acquired receivables not subject to ASC 310-30 130,392 132,381 —

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	The amortized cost and estimated fair value of securities available for sale along with gross unrealized gains and losses are summarized as follows: (dollars in thousands) September 30, 2020 Amortized Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 245 $ — $ — $ 245 State, county & municipal securities 38,494 571 (159) 38,906 Corporate debt securities 3,750 3 — 3,753 Mortgage-backed securities 312,764 8,418 (485) 320,697 $ 355,253 $ 8,992 $ (644) $ 363,601 December 31, 2019 Securities Available for Sale: State, county & municipal securities $ 5,133 $ 36 $ (54) $ 5,115 Corporate debt securities 2,811 11 (16) 2,806 Mortgage-backed securities 338,930 2,669 (2,188) 339,411 $ 346,874 $ 2,716 $ (2,258) $ 347,332
Investments Classified by Contractual Maturity Date	This is often the case with mortgage-backed securities, which are disclosed separately in the table below. Securities Available for Sale (dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 892 $ 895 Due after one year through five years 3,939 3,989 Due after five years through ten years 7,336 7,505 Due after ten years 30,322 30,515 $ 42,489 $ 42,904 Mortgage-backed securities 312,764 320,697 $ 355,253 $ 363,601
Schedule of Unrealized Loss on Investments	Information pertaining to securities with gross unrealized losses at September 30, 2020 and December 31, 2019 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows: Less Than 12 Months 12 Months or Greater Total (dollars in thousands) Fair Gross Fair Gross Fair Gross September 30, 2020 State, county & municipal securities $ 14,173 $ (159) $ — $ — $ 14,173 $ (159) Mortgage-backed securities 36,344 (177) 4,185 (308) 40,529 (485) $ 50,517 $ (336) $ 4,185 $ (308) $ 54,702 $ (644) December 31, 2019 State, county & municipal securities $ 3,257 $ (54) $ — $ — $ 3,257 $ (54) Corporate debt securities — — 784 (16) 784 (16) Mortgage-backed securities 60,860 (277) 119,110 (1,911) 179,970 (2,188) $ 64,117 $ (331) $ 119,894 $ (1,927) $ 184,011 $ (2,258)

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents the composition of loans segregated by legacy and purchased loans and by class of loans, as of September 30, 2020 and December 31, 2019. Purchased loans are defined as loans that were acquired in bank acquisitions. September 30, 2020 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land and land development $ 110,162 $ 18,129 $ 128,291 Other commercial real estate 464,100 45,892 509,992 Total commercial real estate 574,262 64,021 638,283 Residential real estate 168,139 16,979 185,118 Commercial, financial, & agricultural 242,351 12,564 254,915 Consumer and other 20,420 2,870 23,290 Total Loans $ 1,005,172 $ 96,434 $ 1,101,606 December 31, 2019 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land and land development $ 83,036 $ 13,061 $ 96,097 Other commercial real estate 481,943 58,296 540,239 Total commercial real estate 564,979 71,357 636,336 Residential real estate 171,341 23,455 194,796 Commercial, financial, & agricultural 91,535 22,825 114,360 Consumer and other 19,245 4,077 23,322 Total Loans $ 847,100 $ 121,714 $ 968,814
Financing Receivable Credit Quality Indicators	The following table presents the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of September 30, 2020 and December 31, 2019. Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes. (dollars in thousands) Pass Special Mention Substandard Total Loans September 30, 2020 Construction, land and land development $ 99,109 $ 3,930 $ 7,123 $ 110,162 Other commercial real estate 422,661 37,241 4,198 464,100 Total commercial real estate 521,770 41,171 11,321 574,262 Residential real estate 157,809 3,720 6,610 168,139 Commercial, financial, & agricultural 238,613 2,320 1,418 242,351 Consumer and other 20,115 123 182 20,420 Total Loans $ 938,307 $ 47,334 $ 19,531 $ 1,005,172 (dollars in thousands) December 31, 2019 Construction, land and land development $ 82,322 $ 445 $ 269 $ 83,036 Other commercial real estate 459,064 13,438 9,441 481,943 Total commercial real estate 541,386 13,883 9,710 564,979 Residential real estate 159,194 4,632 7,515 171,341 Commercial, financial, & agricultural 86,558 1,973 3,004 91,535 Consumer and other 18,883 148 214 19,245 Total Loans $ 806,021 $ 20,636 $ 20,443 $ 847,100 The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of September 30, 2020 and December 31, 2019. Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes. For the period ending September 30, 2020, the Company did not have any loans classified as “doubtful” or a “loss”. (dollars in thousands) Pass Special Mention Substandard Total Loans September 30, 2020 Construction, land and land development $ 16,430 $ 1,620 $ 79 $ 18,129 Other commercial real estate 43,510 372 2,010 45,892 Total commercial real estate 59,940 1,992 2,089 64,021 Residential real estate 16,585 316 78 16,979 Commercial, financial, & agricultural 10,637 1,889 38 12,564 Consumer and other 2,768 19 83 2,870 Total Loans $ 89,930 $ 4,216 $ 2,288 $ 96,434 December 31, 2019 Construction, land and land development $ 12,996 $ — $ 65 $ 13,061 Other commercial real estate 57,881 381 34 58,296 Total commercial real estate 70,877 381 99 71,357 Residential real estate 23,097 249 109 23,455 Commercial, financial, & agricultural 19,443 2,949 433 22,825 Consumer and other 4,077 — — 4,077 Total Loans $ 117,494 $ 3,579 $ 641 $ 121,714
Financing Receivable, Past Due	The following table presents the aging of the amortized cost basis in legacy loans by aging category and accrual status as of September 30, 2020 and December 31, 2019: (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans September 30, 2020 Construction, land and land development $ 90 $ — $ 90 $ — $ 110,072 $ 110,162 Other commercial real estate 206 — 206 2,586 461,308 464,100 Total commercial real estate 296 — 296 2,586 571,380 574,262 Residential real estate 1,390 — 1,390 3,532 163,217 168,139 Commercial, financial, & agricultural 193 — 193 1,451 240,707 242,351 Consumer and other 49 — 49 102 20,269 20,420 Total Loans $ 1,928 $ — $ 1,928 $ 7,671 $ 995,573 $ 1,005,172 December 31, 2019 Construction, land and land development $ 50 $ — $ 50 $ 32 $ 82,954 $ 83,036 Other commercial real estate 335 — 335 3,738 477,870 481,943 Total commercial real estate 385 — 385 3,770 560,824 564,979 Residential real estate 1,296 — 1,296 3,643 166,402 171,341 Commercial, financial, & agricultural 212 — 212 1,628 89,695 91,535 Consumer and other 21 — 21 138 19,086 19,245 Total Loans $ 1,914 $ — $ 1,914 $ 9,179 $ 836,007 $ 847,100 (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans September 30, 2020 Construction, land and land development $ 136 $ — $ 136 $ 79 $ 17,914 $ 18,129 Other commercial real estate — — — 1,976 43,916 45,892 Total commercial real estate 136 — 136 2,055 61,830 64,021 Residential real estate — — — 78 16,901 16,979 Commercial, financial, & agricultural 159 — 159 38 12,367 12,564 Consumer and other — — — 84 2,786 2,870 Total Loans $ 295 $ — $ 295 $ 2,255 $ 93,884 $ 96,434 December 31, 2019 Construction, land and land development $ — $ — $ — $ — $ 13,061 $ 13,061 Other commercial real estate 83 — 83 — 58,213 58,296 Total commercial real estate 83 — 83 — 71,274 71,357 Residential real estate 57 — 57 — 23,398 23,455 Commercial, financial, & agricultural 553 — 553 — 22,272 22,825 Consumer and other 8 — 8 — 4,069 4,077 Total Loans $ 701 $ — $ 701 $ — $ 121,013 $ 121,714
Impaired Financing Receivables	The following table details impaired loan data, including purchased credit impaired loans, as of September 30, 2020. September 30, 2020 (dollars in thousands) Unpaid Recorded Investment Related Average With No Related Allowance Recorded Construction, land and land development $ 6,970 $ 7,023 $ — $ 1,806 Commercial real estate 14,635 13,933 — 8,978 Residential real estate 1,985 1,949 — 1,926 Commercial, financial & agriculture 48 48 — 232 Consumer & other — — — — 23,638 22,953 — 12,942 With An Allowance Recorded Construction, land and land development — — — — Commercial real estate 2,390 2,395 728 9,334 Residential real estate 480 480 74 1,059 Commercial, financial & agriculture 567 567 567 1,332 Consumer & other — — — — 3,437 3,442 1,369 11,725 Purchased Credit Impaired Loans Construction, land and land development 118 118 — 96 Commercial real estate 120 120 — 79 Residential real estate 16 16 5 14 Commercial, financial & agriculture 57 57 — 50 Consumer & other 192 192 83 117 503 503 88 356 Total Construction, land and land development 7,088 7,141 — 1,902 Commercial real estate 17,145 16,448 728 18,391 Residential real estate 2,481 2,445 79 2,999 Commercial, financial & agriculture 672 672 567 1,614 Consumer & other 192 192 83 117 $ 27,578 $ 26,898 $ 1,457 $ 25,023 The following table details impaired loan data as of December 31, 2019. December 31, 2019 (dollars in thousands) Unpaid Recorded Investment Related Average With No Related Allowance Recorded Construction, land and land development $ 67 $ 67 $ — $ 168 Commercial real estate 12,455 11,639 — 13,924 Residential real estate 2,706 2,711 — 3,693 Commercial, financial & agriculture 257 257 — 910 Consumer & other — — — 123 15,485 14,674 — 18,818 With An Allowance Recorded Construction, land and land development — — — 80 Commercial real estate 6,379 6,385 1,939 3,898 Residential real estate 757 760 137 367 Commercial, financial & agriculture 2,189 1,989 1,073 722 Consumer & other — — — — 9,325 9,134 3,149 5,067 Purchased Credit Impaired Loans Construction, land and land development 65 65 — 80 Commercial real estate 34 34 — 35 Residential real estate 11 11 6 24 Commercial, financial & agriculture 37 37 — 47 Consumer & other — — — — 147 147 6 186 Total Construction, land and land development 132 132 — 328 Commercial real estate 18,868 18,058 1,939 17,857 Residential real estate 3,474 3,482 143 4,084 Commercial, financial & agriculture 2,483 2,283 1,073 1,679 Consumer & other — — — 123 $ 24,957 $ 23,955 $ 3,155 $ 24,071

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Financing Receivable, Allowance for Credit Loss	The following tables detail activity in the allowance for loan losses, segregated by class of loan, for the three and nine months periods ended September 30, 2020 and September 30, 2019. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other loan categories and periodically may result in reallocation within the provision categories. (dollars in thousands) Construction, land and land development Other commercial real estate Residential real estate Commercial, financial & agricultural Consumer and other Total Three months ended September 30, 2020 Beginning Balance $ 759 $ 5,711 $ 1,631 $ 1,913 $ 275 $ 10,289 Charge-offs — (226) (144) (153) (36) (559) Recoveries 6 3 120 1 54 184 Provision 199 127 317 346 117 1,106 Ending balance 964 5,615 1,924 2,107 410 11,020 Nine months ended September 30, 2020 Beginning Balance $ 215 $ 3,908 $ 980 $ 1,657 $ 103 $ 6,863 Charge-offs (4) (226) (159) (221) (846) (1,456) Recoveries 31 29 130 21 140 351 Provision 722 1,904 973 650 1,013 5,262 Ending balance 964 5,615 1,924 2,107 410 11,020 Period end amount allocated to Individually evaluated for impairment — 728 74 567 — 1,369 Collectively evaluated for impairment 964 4,887 1,845 1,540 327 9,563 Purchase credit impaired — — 5 — 83 88 Ending Balance 964 5,615 1,924 2,107 410 11,020 Loans Individually evaluated for impairment 7,023 16,329 2,429 614 — 26,395 Collectively evaluated for impairment 121,150 493,543 182,673 254,244 23,098 1,074,708 Purchase credit impaired 118 120 16 57 192 503 Ending balance $ 128,291 $ 509,992 $ 185,118 $ 254,915 $ 23,290 $ 1,101,606 (dollars in thousands) Construction, land and land development Other commercial real estate Residential real estate Commercial, financial & agricultural Consumer and other Total Three months ended September 30, 2019 Beginning Balance $ 12 $ 4,430 $ 845 $ 1,421 $ 81 $ 6,789 Charge-offs — — (110) (225) (253) (588) Recoveries 7 142 7 14 15 185 Provision 156 (559) 215 104 298 214 Ending balance 175 4,013 957 1,314 141 6,600 Nine months ended September 30, 2019 Beginning Balance $ 131 $ 5,251 $ 1,181 $ 618 $ 96 $ 7,277 Charge-offs (29) (119) (757) (350) (432) (1,687) Recoveries 61 183 166 31 45 486 Provision 12 (1,302) 367 1,015 432 524 Ending balance 175 4,013 957 1,314 141 6,600 December 31, 2019 Period end amount allocated to Individually evaluated for impairment — 1,939 137 1,073 — 3,149 Collectively evaluated for impairment 215 1,969 837 584 103 3,708 Purchase credit impaired — — 6 — — 6 Ending Balance 215 3,908 980 1,657 103 6,863 Loans Individually evaluated for impairment 67 18,024 3,471 2,246 — 23,808 Collectively evaluated for impairment 95,965 522,181 191,314 112,077 23,322 944,859 Purchase credit impaired 65 34 11 37 — 147 Ending Balance $ 96,097 $ 540,239 $ 194,796 $ 114,360 $ 23,322 $ 968,814

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Balance Sheet Classification of Operating Lease Right-of-use Assets and Lease Liabilities	The following table represents the consolidated balance sheet classification of the Company’s ROU assets and liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet. (dollars in thousands) Classification September 30, 2020 December 31, 2019 Assets Operating lease right-of-use assets Other assets $ 572 $ 572 Liabilities Operating lease liabilities Other liabilities 576 547
Lessee, Operating Lease, Liability, Maturity	The following table represents the future maturities of the operating lease liabilities and other lease information as of September 30, 2020. (dollars in thousands) Lease Liability 2021 $ 198 2022 149 2023 79 2024 45 2025 45 After September 30, 2025 93 Total lease payments $ 609 Less: interest (33) Present value of lease liabilities $ 576 Supplemental lease information: Cash paid for amounts included in the measurement of lease liabilities: September 30, 2020 September 30, 2019 Operating cash flows from operating leases (cash payments) $ 176 $ 104 Operating cash flows from operating leases (lease liability addition) 167 101 Operating lease right-of-use assets obtained in exchange for leases entered into during the period 196 193

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table presents information regarding the Company’s outstanding borrowings at September 30, 2020 and December 31, 2019: (dollars in thousands) September 30, 2020 December 31, 2019 Federal Home Loan Bank advances $ 22,500 $ 47,000 Paycheck Protection Program (PPP) Liquidity Facility 134,500 — Other borrowings 38,042 38,792 $ 195,042 $ 85,792
Schedule of Maturities of Long-term Debt	The aggregate stated maturities of other borrowed money at September 30, 2020 are as follows: (dollars in thousands) Year Amount 2021 $ 5,313 2022 — 2023 3,000 2024 8,500 2025 and After 43,729 PPPLF 134,500 $ 195,042

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents earnings per share for the three and nine months ended September 30, 2020 and 2019. (dollars in thousands, except per share data) Three Months Ended Nine Months Ended 2020 2019 2020 2019 Numerator Net income available to common stockholders $ 3,099 $ 2,518 $ 6,916 $ 7,455 Denominator Weighted average number of common shares Outstanding for basic earnings per common share 9,499 9,495 9,499 9,008 Weighted-average number of shares outstanding for diluted earnings per common share 9,499 9,495 9,499 9,008 Earnings per share - basic $ 0.33 $ 0.27 $ 0.73 $ 0.83 Earnings per share - diluted $ 0.33 $ 0.27 $ 0.73 $ 0.83

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Summary Of Financial Instrument Outstanding	At September 30, 2020 and December 31, 2019 the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount (dollars in thousands) September 30, 2020 December 31, 2019 Loan commitments $ 147,410 $ 102,890 Letters of credit 3,540 1,576

Fair Value of Financial Instr_2

Fair Value of Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The carrying amount, estimated fair values, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2020 and December 31, 2019 are as follows: Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level September 30, 2020 Assets Cash and short-term investments $ 148,839 $ 148,839 $ 148,839 $ — $ — Investment securities available for sale 363,601 363,601 — 361,599 2,002 Other investments, at cost 3,296 3,296 2,567 729 — Loans held for sale 55,864 55,864 — 55,864 — Loans, net 1,090,586 1,111,221 — — 1,111,221 Liabilities Deposits 1,416,400 1,416,311 — 1,416,311 — Paycheck Protection Program Liquidity Facility 22,500 20,742 — 20,742 — Federal Home Loan Bank advances 134,500 134,500 — 134,500 — Other borrowings 38,042 38,042 — 38,046 — Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level December 31, 2019 Assets Cash and short-term investments $ 104,092 $ 104,092 $ 104,192 $ — $ — Investment securities available for sale 347,332 347,332 — 345,310 2,022 Other investments, at cost 4,288 4,288 3,559 729 — Loans held for sale 10,076 10,076 — 10,076 — Loans, net 961,951 938,475 — — 938,475 Liabilities Deposits 1,293,742 1,294,506 — 1,294,506 — Federal Home Loan Bank advances 47,000 44,402 — 44,402 — Other borrowings 38,792 38,792 — 38,792 —
Fair Value Measurements, Recurring and Nonrecurring	The following table presents the recorded amount of the Company’s assets measured at fair value on a recurring and nonrecurring basis as of September 30, 2020 and December 31, 2019, aggregated by the level in the fair value hierarchy within which those measurements fall. The table below includes only impaired loans with a specific reserve and only other real estate properties with a valuation allowance at September 30, 2020 and December 31, 2019. Those impaired loans and other real estate properties are shown net of the related specific reserves and valuation allowances. Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair Value (Level 1) (Level 2) (Level 3) September 30, 2020 Recurring Securities Available for Sale U.S. treasury securities $ 245 $ — $ 245 $ — State, county & municipal securities 38,906 — 38,906 — Corporate Debt securities 3,753 — 1,751 2,002 Mortgage-backed securities 320,697 — 320,697 — Total available for sale securities $ 363,601 $ — $ 361,599 $ 2,002 Nonrecurring Collateral Dependent Impaired Loans $ 2,178 $ — $ — $ 2,178 Other Real Estate 1,875 — — 1,875 Total nonrecurring assets $ 4,053 $ — $ — $ 4,053 Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair (Level 1) (Level 2) (Level 3) December 31, 2019 Recurring Securities Available for Sale State, county & municipal securities $ 5,115 $ — $ 5,115 $ — Corporate Debt securities 2,806 — 784 2,022 Mortgage-backed securities 339,411 — 339,411 — Total available for sale securities $ 347,332 $ — $ 345,310 $ 2,022 Nonrecurring Collateral Dependent Impaired Loans $ 5,985 $ — $ — 5,985 Other Real Estate 1,320 — — 1,320 Total nonrecurring assets $ 7,305 $ — $ — $ 7,305
Fair Value Measurement Inputs and Valuation Techniques	The following table presents quantitative information about the significant unobservable inputs used in the fair value measurements for assets in level 3 of the fair value hierarchy measured on a nonrecurring basis at September 30, 2020 and December 31, 2019. This table is comprised primarily of collateral dependent impaired loans and other real estate: (dollars in thousands) September 30, 2020 Valuation Unobservable Range Collateral Dependent Impaired Loans $ 2,178 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 10 % 80 % Other Real Estate 1,875 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell — % 20 % (dollars in thousands) December 31, 2019 Valuation Unobservable Range Collateral Dependent Impaired Loans $ 5,985 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell — % 20 % Other Real Estate 1,320 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell — % 20 % The following table presents quantitative information about recurring level 3 fair value measurements as of September 30, 2020 and December 31, 2019. (dollars in thousands) September 30, 2020 Fair Value Valuation Techniques Unobservable Range Corporate debt securities $ 2,002 Discounted Cash Flow Discount Rate or Yield N/A* December 31, 2019 Corporate debt securities $ 2,022 Discounted Cash Flow Discount Rate or Yield N/A* * The Company relies on a third-party pricing service to value its securities. The details of the unobservable inputs and other adjustments used by the third-party pricing service were not readily available to the Company.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	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) for the nine months ended September 30, 2020 and 2019. Available for Sale Securities (dollars in thousands) September 30, 2020 September 30, 2019 Balance, Beginning $ 2,022 $ 4,277 Transfers out of Level 3 — — Sales — — Paydowns (883) Realized Loss on Sale of Security — — Unrealized gains (losses) included in Other Comprehensive Income (20) 40 Balance, Ending $ 2,002 $ 3,434

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present information reported internally for performance assessment for the three and nine months ended September 30, 2020 and 2019: (dollars in thousands) Bank Mortgage Small Totals Three months ended September 30, 2020 Net Interest Income $ 12,920 $ 188 $ 740 $ 13,848 Provision for Loan Losses 1,106 — — 1,106 Noninterest Income 4,139 2,612 803 7,554 Noninterest Expenses 13,242 2,410 661 16,313 Income Taxes 785 82 17 884 Segment Profit (Loss) $ 1,926 $ 308 $ 865 $ 3,099 Segments Assets at September 30, 2020 $ 1,563,131 $ 50,265 $ 146,050 $ 1,759,446 (dollars in thousands) Bank Mortgage Small Totals Three months ended September 30, 2019 Net Interest Income $ 12,575 $ 81 $ — $ 12,656 Provision for Loan Losses 214 — — 214 Noninterest Income 2,785 1,245 — 4,030 Noninterest Expenses 11,637 1,191 529 13,357 Income Taxes 501 (15) 111 597 Segment Profit $ 3,008 $ 150 $ (640) $ 2,518 Segments Assets at September 30, 2019 $ 1,473,535 $ 3,998 $ 149 $ 1,477,682 (dollars in thousands) Bank Mortgage Small Totals Nine months ended September 30, 2020 Net Interest Income $ 38,306 $ 305 $ 1,483 $ 40,094 Provision for Loan Losses 5,262 — — 5,262 Noninterest Income 9,960 5,686 1,183 16,829 Noninterest Expenses 36,712 5,302 924 42,938 Income Taxes 1,472 137 198 1,807 Segment Profit (Loss) $ 4,820 $ 552 $ 1,544 $ 6,916 (dollars in thousands) Bank Mortgage Small Totals Nine months ended September 30, 2019 Net Interest Income $ 34,754 $ 100 $ — $ 34,854 Provision for Loan Losses 524 — — 524 Noninterest Income 8,462 1,888 — 10,350 Noninterest Expenses 32,832 2,037 529 35,398 Income Taxes 1,726 (10) 111 1,827 Segment Profit $ 8,134 $ (39) $ (640) $ 7,455

Regulatory Capital Matters (Tab

Regulatory Capital Matters (Tables)	9 Months Ended
	Sep. 30, 2020
Banking And Thrift Disclosure [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following table summarizes regulatory capital information as of September 30, 2020 and December 31, 2019 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for September 30, 2020 and December 31, 2019 were calculated in accordance with the Basel III rules. (dollars in thousands) Actual For Capital To Be Well Amount Ratio Amount Ratio Amount Ratio As of September 30, 2020 Total Capital to Risk-Weighted Assets Consolidated $ 168,270 15.29 % $ 88,042 8.00 % N/A N/A Colony Bank 158,046 14.35 88,109 8.00 $ 110,137 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 157,250 14.29 66,025 6.00 N/A N/A Colony Bank 147,026 13.35 66,079 6.00 88,105 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 133,750 12.16 49,496 4.50 N/A N/A Colony Bank 147,026 13.35 49,559 4.50 71,586 6.50 Tier I Capital to Average Assets Consolidated 157,250 10.17 61,849 4.00 N/A N/A Colony Bank 147,026 9.66 60,880 4.00 76,100 5.00 (dollars in thousands) Actual For Capital To Be Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019 Total Capital to Risk-Weighted Assets Consolidated $ 140,973 13.17 % $ 85,661 8.00 % N/A N/A Colony Bank 151,444 14.19 85,407 8.00 $ 106,758 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 134,110 12.52 64,246 6.00 N/A N/A Colony Bank 144,581 13.54 64,055 6.00 8,547 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 110,610 10.33 48,185 4.50 N/A N/A Colony Bank 144,581 13.54 48,041 4.50 69,393 6.50 Tier I Capital to Average Assets Consolidated 134,110 8.92 60,141 4.00 N/A N/A Colony Bank 144,581 9.77 59,977 4.00 74,972 5.00

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Percentage of Loan Portfolio Concentrated in Loans Secured by Real Estate	75.00%

Business Acquisitions (Details

Business Acquisitions (Details Textual) $ / shares in Units, $ in Thousands	May 01, 2019USD ($)bank$ / sharesshares	Sep. 30, 2020USD ($)shares	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Business Acquisition [Line Items]
Cash consideration paid		$ 0	$ 467
Goodwill		$ 15,992		$ 16,477
LBC Bancshares, Inc
Business Acquisition [Line Items]
Number of banking locations | bank	2
Share price (in dollars per share) | $ / shares	$ 23.50
Number of shares received for each share of LBC common stock | shares	1.3239
Stock consideration received, percentage of shares	55.00%
Cash consideration received, percentage of shares	45.00%
Minimum percentage of merger consideration paid	50.00%
Share of stock issued (in shares) | shares	1,053,875	1,053,875
Fair value of shares issued	$ 18,706	$ 18,221
Cash consideration paid	15,315	15,315
Goodwill	15,734	15,249
Loans purchased at fair value	130,568	$ 130,568
Discount on loans purchased	$ 2,200
Discount on loans purchased, percentage of loan value	1.63%
Credit impaired loans acquired	$ 176
LBC Bancshares, Inc | LaGrange, Georgia
Business Acquisition [Line Items]
Number of banking locations | bank	1
LBC Bancshares, Inc | Columbus, Georgia
Business Acquisition [Line Items]
Number of banking locations | bank	1
PFB Mortgage
Business Acquisition [Line Items]
Cash consideration paid	$ 833
Goodwill	$ 541

Business Acquisitions - Assets

Business Acquisitions - Assets and Liabilities Acquired (Details) - USD ($) $ / shares in Units, $ in Thousands	May 01, 2019	Sep. 30, 2020	Sep. 30, 2019	May 01, 2020	Dec. 31, 2019
Purchase price consideration:
Cash consideration paid		$ 0	$ 467
Assets acquired at fair value:
Amount of goodwill resulting from acquisition		$ 15,992			$ 16,477
LBC Bancshares, Inc
Purchase price consideration:
Shares of CBAN common stock issued to LBC shareholders (in shares)	1,053,875	1,053,875
Market Price of CBAN Common Stock on May 1, 2019 (in dollars per share)	$ 17.75	$ 17.29
Estimated fair value of CBAN common stock issued	$ 18,706	$ 18,221
Cash consideration paid	15,315	15,315
Total purchase price for PFB branch acquisition	34,021	33,536
Assets acquired at fair value:
Cash and cash equivalents	15,678	15,678
Investments securities available for sale	49,172	49,172
Investments securities held to maturity	1,766	1,766
Restricted investments	479	479
Loans	130,568	130,568
Premises and equipment	3,009	3,009
Core deposit intangible	3,100	3,100
Other real estate	243	243
Prepaid and other assets	6,143	6,143
Total fair value of assets acquired	210,158	210,158
Deposits	(189,896)	(189,896)
FHLB advances	(1,000)	(1,000)
Payables and other liabilities	(975)	(975)
Total fair value of liabilities assumed	(191,871)	(191,871)
Net assets acquired at fair value:	18,287	18,287
Amount of goodwill resulting from acquisition	15,734	$ 15,249
Subsequent Adjustments
Shares of CBAN common stock issued to LBC shareholders (in shares)				1,053,875
Market price of CBAN common stock on May 1, 2019 (in dollars per share)				$ (0.46)
Estimated fair value of CBAN common stock issued				$ (485)
Total consideration				(485)
Goodwill				$ (485)
PFB Mortgage
Purchase price consideration:
Cash consideration paid	833
Total purchase price for PFB branch acquisition	833
Assets acquired at fair value:
Premises and equipment	78
Premium on loan commitments	209
Other assets	5
Total fair value of assets acquired	292
Total fair value of liabilities assumed	0
Net assets acquired at fair value:	292
Amount of goodwill resulting from acquisition	$ 541

Business Acquisitions - Contrac

Business Acquisitions - Contractually Required Principal and Interest Cash Payments (Details) - LBC Bancshares, Inc $ in Thousands	May 01, 2019USD ($)
Business Acquisition [Line Items]
Contractually required principal and interest	$ 695
Non-accretable difference	(519)
Cash Flows expected to be collected	176
Accretable yield	0
Total purchased credit-impaired loans acquired	$ 176

Business Acquisitions - Loan Da

Business Acquisitions - Loan Data for the LBC Acquisition (Details) - LBC Bancshares, Inc $ in Thousands	May 01, 2019USD ($)
Acquired receivables subject to ASC 310-30
Fair Value of Acquired Loans at Acquisition Date	$ 176
Gross Contractual Amounts Receivable at Acquisition Date	695
Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected	519
Acquired receivables not subject to ASC 310-30
Fair Value of Acquired Loans at Acquisition Date	130,392
Gross Contractual Amounts Receivable at Acquisition Date	132,381
Estimate at Acquisition Date of Contractual Cash Flows Not Expected to be Collected	$ 0

Investment Securities - Schedul

Investment Securities - Schedule of Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Securities Available for Sale:
Amortized cost	$ 355,253	$ 346,874
Gross Unrealized Gains	8,992	2,716
Gross Unrealized Losses	(644)	(2,258)
Investment securities available for sale, at fair value	363,601	347,332
U.S. treasury securities
Securities Available for Sale:
Amortized cost	245
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Investment securities available for sale, at fair value	245
State, county & municipal securities
Securities Available for Sale:
Amortized cost	38,494	5,133
Gross Unrealized Gains	571	36
Gross Unrealized Losses	(159)	(54)
Investment securities available for sale, at fair value	38,906	5,115
Corporate Debt securities
Securities Available for Sale:
Amortized cost	3,750	2,811
Gross Unrealized Gains	3	11
Gross Unrealized Losses	0	(16)
Investment securities available for sale, at fair value	3,753	2,806
Mortgage-backed securities
Securities Available for Sale:
Amortized cost	312,764	338,930
Gross Unrealized Gains	8,418	2,669
Gross Unrealized Losses	(485)	(2,188)
Investment securities available for sale, at fair value	$ 320,697	$ 339,411

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Amortized Cost
Due in one year or less	$ 892
Due after one year through five years	3,939
Due after five years through ten years	7,336
Due after ten years	30,322
Debt Securities With Single Maturity Date, Amortized Cost	42,489
Mortgage-backed securities	312,764
Amortized cost	355,253	$ 346,874
Fair Value
Due In One Year or Less	895
Due After One Year Through Five Years	3,989
Due After Five Years Through Ten Years	7,505
Due After Ten Years	30,515
Debt Securities With Single Maturity Date, Fair Value	42,904
Mortgage-Backed Securities	320,697
Fair Value	$ 363,601	$ 347,332

Investment Securities - (Detail

Investment Securities - (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of investment securities available for sale			$ 44,495,000	$ 99,106,000
Gross realized gain on sale	$ 858,000	$ 196,000	1,200,000	314,000
Gross realized loss on sale	142,000	$ 162,000	204,000	215,000
Proceeds from sale of investment securities held to maturity			0	$ 1,766,000
Investment securities pledged as collateral	$ 102,400,000		$ 102,400,000		$ 122,300,000
Number of securities that have unrealized losses	28		28
Securities deemed to be other than temporary			$ 0

Investment Securities - Continu

Investment Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Gross Unrealized Losses
Less Than 12 Months	$ (336)	$ (331)
12 Months or Greater	(308)	(1,927)
Total	(644)	(2,258)
Fair Value
Less Than 12 Months	50,517	64,117
12 Months or Greater	4,185	119,894
Fair Value	54,702	184,011
State, county & municipal securities
Gross Unrealized Losses
Less Than 12 Months	(159)	(54)
12 Months or Greater	0	0
Total	(159)	(54)
Fair Value
Less Than 12 Months	14,173	3,257
12 Months or Greater	0	0
Fair Value	14,173	3,257
Corporate debt securities
Gross Unrealized Losses
Less Than 12 Months		0
12 Months or Greater		(16)
Total		(16)
Fair Value
Less Than 12 Months		0
12 Months or Greater		784
Fair Value		784
Mortgage-backed securities
Gross Unrealized Losses
Less Than 12 Months	(177)	(277)
12 Months or Greater	(308)	(1,911)
Total	(485)	(2,188)
Fair Value
Less Than 12 Months	36,344	60,860
12 Months or Greater	4,185	119,110
Fair Value	$ 40,529	$ 179,970

Loans - Segregated by Class of

Loans - Segregated by Class of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 1,101,606	$ 968,814
Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,005,172	847,100
Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	96,434	121,714
Construction, land and land development
Loans and Leases Receivable Disclosure [Line Items]
Loans	128,291	96,097
Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	509,992	540,239
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	185,118	194,796
Residential real estate | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	168,139	171,341
Residential real estate | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	16,979	23,455
Commercial, financial, & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	254,915	114,360
Commercial, financial, & agricultural | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	242,351	91,535
Commercial, financial, & agricultural | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	12,564	22,825
Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	23,290	23,322
Consumer and other | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	20,420	19,245
Consumer and other | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	2,870	4,077
Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	638,283	636,336
Commercial Real Estate Portfolio Segment | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	574,262	564,979
Commercial Real Estate Portfolio Segment | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	64,021	71,357
Commercial Real Estate Portfolio Segment | Construction, land and land development
Loans and Leases Receivable Disclosure [Line Items]
Loans	128,291	96,097
Commercial Real Estate Portfolio Segment | Construction, land and land development | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	110,162	83,036
Commercial Real Estate Portfolio Segment | Construction, land and land development | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	18,129	13,061
Commercial Real Estate Portfolio Segment | Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	509,992	540,239
Commercial Real Estate Portfolio Segment | Other commercial real estate | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	464,100	481,943
Commercial Real Estate Portfolio Segment | Other commercial real estate | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 45,892	$ 58,296

Loans - Loan Portfolio by Credi

Loans - Loan Portfolio by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 1,101,606	$ 968,814
Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	638,283	636,336
Construction, land and land development
Loans and Leases Receivable Disclosure [Line Items]
Loans	128,291	96,097
Construction, land and land development | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	128,291	96,097
Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	509,992	540,239
Other commercial real estate | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	509,992	540,239
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	185,118	194,796
Commercial, financial, & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	254,915	114,360
Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	23,290	23,322
Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,005,172	847,100
Legacy Loans | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	574,262	564,979
Legacy Loans | Construction, land and land development | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	110,162	83,036
Legacy Loans | Other commercial real estate | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	464,100	481,943
Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	168,139	171,341
Legacy Loans | Commercial, financial, & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	242,351	91,535
Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	20,420	19,245
Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	96,434	121,714
Purchased Loans | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	64,021	71,357
Purchased Loans | Construction, land and land development | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	18,129	13,061
Purchased Loans | Other commercial real estate | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	45,892	58,296
Purchased Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	16,979	23,455
Purchased Loans | Commercial, financial, & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	12,564	22,825
Purchased Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	2,870	4,077
Pass | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	938,307	806,021
Pass | Legacy Loans | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	521,770	541,386
Pass | Legacy Loans | Construction, land and land development | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	99,109	82,322
Pass | Legacy Loans | Other commercial real estate | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	422,661	459,064
Pass | Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	157,809	159,194
Pass | Legacy Loans | Commercial, financial, & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	238,613	86,558
Pass | Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	20,115	18,883
Pass | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	89,930	117,494
Pass | Purchased Loans | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	59,940	70,877
Pass | Purchased Loans | Construction, land and land development | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	16,430	12,996
Pass | Purchased Loans | Other commercial real estate | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	43,510	57,881
Pass | Purchased Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	16,585	23,097
Pass | Purchased Loans | Commercial, financial, & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	10,637	19,443
Pass | Purchased Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	2,768	4,077
Special Mention | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	47,334	20,636
Special Mention | Legacy Loans | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	41,171	13,883
Special Mention | Legacy Loans | Construction, land and land development | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	3,930	445
Special Mention | Legacy Loans | Other commercial real estate | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	37,241	13,438
Special Mention | Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	3,720	4,632
Special Mention | Legacy Loans | Commercial, financial, & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	2,320	1,973
Special Mention | Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	123	148
Special Mention | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	4,216	3,579
Special Mention | Purchased Loans | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,992	381
Special Mention | Purchased Loans | Construction, land and land development | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,620	0
Special Mention | Purchased Loans | Other commercial real estate | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	372	381
Special Mention | Purchased Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	316	249
Special Mention | Purchased Loans | Commercial, financial, & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,889	2,949
Special Mention | Purchased Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	19	0
Substandard | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	19,531	20,443
Substandard | Legacy Loans | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	11,321	9,710
Substandard | Legacy Loans | Construction, land and land development | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	7,123	269
Substandard | Legacy Loans | Other commercial real estate | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	4,198	9,441
Substandard | Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	6,610	7,515
Substandard | Legacy Loans | Commercial, financial, & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,418	3,004
Substandard | Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	182	214
Substandard | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	2,288	641
Substandard | Purchased Loans | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	2,089	99
Substandard | Purchased Loans | Construction, land and land development | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	79	65
Substandard | Purchased Loans | Other commercial real estate | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loans	2,010	34
Substandard | Purchased Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	78	109
Substandard | Purchased Loans | Commercial, financial, & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	38	433
Substandard | Purchased Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 83	$ 0

Loans - (Details Textual)

Loans - (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2020USD ($)loan	Sep. 30, 2019USD ($)loan	Dec. 31, 2019USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Loan originations	$ 1,101,606,000		$ 1,101,606,000		$ 968,814,000
Outstanding balance of high risk loans, minimum	250,000		250,000
Interest income on impaired loans	104,000	$ 274,000	154,000	$ 477,000
Unfunded commitments to lend	$ 0		$ 0
Loan contracts restructured	3		3
Number of loans that subsequently defaulted | loan	0	0	0	0
Loans	$ 1,101,606,000		$ 1,101,606,000		968,814,000
Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loan originations	638,283,000		$ 638,283,000		636,336,000
Loan contracts restructured			2
Troubled debt restructuring	131,000		$ 131,000
Loans	638,283,000		638,283,000		636,336,000
Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loan originations	1,005,172,000		1,005,172,000		847,100,000
Loans	1,005,172,000		1,005,172,000		847,100,000
Legacy Loans | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loan originations	574,262,000		574,262,000		564,979,000
Loans	574,262,000		574,262,000		564,979,000
Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loan originations	509,992,000		509,992,000		540,239,000
Loans	509,992,000		509,992,000		540,239,000
Other commercial real estate | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loan originations	509,992,000		509,992,000		540,239,000
Loans	509,992,000		509,992,000		540,239,000
Other commercial real estate | Legacy Loans | Commercial Real Estate Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Loan originations	464,100,000		464,100,000		481,943,000
Loans	464,100,000		$ 464,100,000		$ 481,943,000
Commercial Loan
Loans and Leases Receivable Disclosure [Line Items]
Loan contracts restructured			1
Troubled debt restructuring	97,000		$ 97,000
Loan Modifications, CARES Act
Loans and Leases Receivable Disclosure [Line Items]
Loan originations	12,600,000		12,600,000
Loans	$ 12,600,000		$ 12,600,000

Loans - Age Analysis of Past Du

Loans - Age Analysis of Past Due Loans and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Loans	$ 1,101,606	$ 968,814
Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	1,928	1,914
Nonaccrual Loans	7,671	9,179
Current Loans	995,573	836,007
Loans	1,005,172	847,100
Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	295	701
Nonaccrual Loans	2,255	0
Current Loans	93,884	121,013
Loans	96,434	121,714
30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	1,928	1,914
30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	295	701
90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Construction, land and land development
Financing Receivable, Past Due [Line Items]
Loans	128,291	96,097
Other commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	509,992	540,239
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans	185,118	194,796
Residential real estate | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	1,390	1,296
Nonaccrual Loans	3,532	3,643
Current Loans	163,217	166,402
Loans	168,139	171,341
Residential real estate | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	57
Nonaccrual Loans	78	0
Current Loans	16,901	23,398
Loans	16,979	23,455
Residential real estate | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	1,390	1,296
Residential real estate | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	57
Residential real estate | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Residential real estate | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Commercial, financial, & agricultural
Financing Receivable, Past Due [Line Items]
Loans	254,915	114,360
Commercial, financial, & agricultural | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	193	212
Nonaccrual Loans	1,451	1,628
Current Loans	240,707	89,695
Loans	242,351	91,535
Commercial, financial, & agricultural | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	159	553
Nonaccrual Loans	38	0
Current Loans	12,367	22,272
Loans	12,564	22,825
Commercial, financial, & agricultural | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	193	212
Commercial, financial, & agricultural | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	159	553
Commercial, financial, & agricultural | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Commercial, financial, & agricultural | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans	23,290	23,322
Consumer and other | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	49	21
Nonaccrual Loans	102	138
Current Loans	20,269	19,086
Loans	20,420	19,245
Consumer and other | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	8
Nonaccrual Loans	84	0
Current Loans	2,786	4,069
Loans	2,870	4,077
Consumer and other | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	49	21
Consumer and other | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	8
Consumer and other | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Consumer and other | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Commercial Real Estate Portfolio Segment
Financing Receivable, Past Due [Line Items]
Loans	638,283	636,336
Commercial Real Estate Portfolio Segment | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	296	385
Nonaccrual Loans	2,586	3,770
Current Loans	571,380	560,824
Loans	574,262	564,979
Commercial Real Estate Portfolio Segment | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	136	83
Nonaccrual Loans	2,055	0
Current Loans	61,830	71,274
Loans	64,021	71,357
Commercial Real Estate Portfolio Segment | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	296	385
Commercial Real Estate Portfolio Segment | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	136	83
Commercial Real Estate Portfolio Segment | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Commercial Real Estate Portfolio Segment | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Commercial Real Estate Portfolio Segment | Construction, land and land development
Financing Receivable, Past Due [Line Items]
Loans	128,291	96,097
Commercial Real Estate Portfolio Segment | Construction, land and land development | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	90	50
Nonaccrual Loans	0	32
Current Loans	110,072	82,954
Loans	110,162	83,036
Commercial Real Estate Portfolio Segment | Construction, land and land development | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	136	0
Nonaccrual Loans	79	0
Current Loans	17,914	13,061
Loans	18,129	13,061
Commercial Real Estate Portfolio Segment | Construction, land and land development | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	90	50
Commercial Real Estate Portfolio Segment | Construction, land and land development | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	136	0
Commercial Real Estate Portfolio Segment | Construction, land and land development | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Commercial Real Estate Portfolio Segment | Construction, land and land development | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Commercial Real Estate Portfolio Segment | Other commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	509,992	540,239
Commercial Real Estate Portfolio Segment | Other commercial real estate | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	206	335
Nonaccrual Loans	2,586	3,738
Current Loans	461,308	477,870
Loans	464,100	481,943
Commercial Real Estate Portfolio Segment | Other commercial real estate | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	83
Nonaccrual Loans	1,976	0
Current Loans	43,916	58,213
Loans	45,892	58,296
Commercial Real Estate Portfolio Segment | Other commercial real estate | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	206	335
Commercial Real Estate Portfolio Segment | Other commercial real estate | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	83
Commercial Real Estate Portfolio Segment | Other commercial real estate | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	0	0
Commercial Real Estate Portfolio Segment | Other commercial real estate | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Accruing Loans Past Due	$ 0	$ 0

Loans - Impaired Loan Data (Det

Loans - Impaired Loan Data (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2020
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	$ 15,485	$ 23,638
With An Allowance Recorded	9,325	3,437
Loans Including Purchased Credit Impaired Loans	24,957	27,578
Recorded Investment
With No Related Allowance Recorded	14,674	22,953
With An Allowance Recorded	9,134	3,442
Loans Including Purchased Credit Impaired Loans	23,955	26,898
Related Allowance
With An Allowance Recorded	3,149	1,369
Total Impaired Loans	3,155	1,457
Average Recorded Investment
With No Related Allowance Recorded	18,818	12,942
With An Allowance Recorded	5,067	11,725
Loans Including Purchased Credit Impaired Loans	24,071	25,023
Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	147	503
Recorded Investment
Loans Including Purchased Credit Impaired Loans	147	503
Related Allowance
Purchased Credit Impaired Loans	6	88
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	186	356
Construction, land and land development
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	67	6,970
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	132	7,088
Recorded Investment
With No Related Allowance Recorded	67	7,023
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	132	7,141
Related Allowance
With An Allowance Recorded	0	0
Total Impaired Loans	0	0
Average Recorded Investment
With No Related Allowance Recorded	168	1,806
With An Allowance Recorded	80	0
Loans Including Purchased Credit Impaired Loans	328	1,902
Construction, land and land development | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	65	118
Recorded Investment
Loans Including Purchased Credit Impaired Loans	65	118
Related Allowance
Purchased Credit Impaired Loans	0	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	80	96
Residential real estate
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	2,706	1,985
With An Allowance Recorded	757	480
Loans Including Purchased Credit Impaired Loans	3,474	2,481
Recorded Investment
With No Related Allowance Recorded	2,711	1,949
With An Allowance Recorded	760	480
Loans Including Purchased Credit Impaired Loans	3,482	2,445
Related Allowance
With An Allowance Recorded	137	74
Total Impaired Loans	143	79
Average Recorded Investment
With No Related Allowance Recorded	3,693	1,926
With An Allowance Recorded	367	1,059
Loans Including Purchased Credit Impaired Loans	4,084	2,999
Residential real estate | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	11	16
Recorded Investment
Loans Including Purchased Credit Impaired Loans	11	16
Related Allowance
Purchased Credit Impaired Loans	6	5
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	24	14
Commercial, financial, & agricultural
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	257	48
With An Allowance Recorded	2,189	567
Loans Including Purchased Credit Impaired Loans	2,483	672
Recorded Investment
With No Related Allowance Recorded	257	48
With An Allowance Recorded	1,989	567
Loans Including Purchased Credit Impaired Loans	2,283	672
Related Allowance
With An Allowance Recorded	1,073	567
Total Impaired Loans	1,073	567
Average Recorded Investment
With No Related Allowance Recorded	910	232
With An Allowance Recorded	722	1,332
Loans Including Purchased Credit Impaired Loans	1,679	1,614
Commercial, financial, & agricultural | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	37	57
Recorded Investment
Loans Including Purchased Credit Impaired Loans	37	57
Related Allowance
Purchased Credit Impaired Loans	0	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	47	50
Consumer and other
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	0	0
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	0	192
Recorded Investment
With No Related Allowance Recorded	0	0
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	0	192
Related Allowance
With An Allowance Recorded	0	0
Total Impaired Loans	0	83
Average Recorded Investment
With No Related Allowance Recorded	123	0
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	123	117
Consumer and other | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	0	192
Recorded Investment
Loans Including Purchased Credit Impaired Loans	0	192
Related Allowance
Purchased Credit Impaired Loans	0	83
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	0	117
Commercial Real Estate Portfolio Segment
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	12,455	14,635
With An Allowance Recorded	6,379	2,390
Loans Including Purchased Credit Impaired Loans	18,868	17,145
Recorded Investment
With No Related Allowance Recorded	11,639	13,933
With An Allowance Recorded	6,385	2,395
Loans Including Purchased Credit Impaired Loans	18,058	16,448
Related Allowance
With An Allowance Recorded	1,939	728
Total Impaired Loans	1,939	728
Average Recorded Investment
With No Related Allowance Recorded	13,924	8,978
With An Allowance Recorded	3,898	9,334
Loans Including Purchased Credit Impaired Loans	17,857	18,391
Commercial Real Estate Portfolio Segment | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	34	120
Recorded Investment
Loans Including Purchased Credit Impaired Loans	34	120
Related Allowance
Purchased Credit Impaired Loans	0	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	$ 35	$ 79

Allowance for Loan Losses (Deta

Allowance for Loan Losses (Details Textual)	Sep. 30, 2020USD ($)
Receivables [Abstract]
Outstanding balance of high risk loans, minimum	$ 250,000

Allowance for Loan Losses - Seg

Allowance for Loan Losses - Segregated by Class of Loan (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	$ 10,289	$ 6,789	$ 6,863	$ 7,277
Charge-offs	(559)	(588)	(1,456)	(1,687)
Recoveries	184	185	351	486
Provision	1,106	214	5,262	524
Ending balance	11,020	6,600	11,020	6,600
Period end amount allocated to
Individually evaluated for impairment	1,369		1,369		$ 3,149
Collectively evaluated for impairment	9,563		9,563		3,708
Loans
Individually evaluated for impairment	26,395		26,395		23,808
Collectively evaluated for impairment	1,074,708		1,074,708		944,859
Loans	1,101,606		1,101,606		968,814
Purchase credit impaired
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			6
Ending balance	88		88
Loans
Loans	503		503		147
Construction, land and land development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	759	12	215	131
Charge-offs	0	0	(4)	(29)
Recoveries	6	7	31	61
Provision	199	156	722	12
Ending balance	964	175	964	175
Period end amount allocated to
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	964		964		215
Loans
Individually evaluated for impairment	7,023		7,023		67
Collectively evaluated for impairment	121,150		121,150		95,965
Loans	128,291		128,291		96,097
Construction, land and land development | Purchase credit impaired
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			0
Ending balance	0		0
Loans
Loans	118		118		65
Other commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	5,711	4,430	3,908	5,251
Charge-offs	(226)	0	(226)	(119)
Recoveries	3	142	29	183
Provision	127	(559)	1,904	(1,302)
Ending balance	5,615	4,013	5,615	4,013
Period end amount allocated to
Individually evaluated for impairment	728		728		1,939
Collectively evaluated for impairment	4,887		4,887		1,969
Loans
Individually evaluated for impairment	16,329		16,329		18,024
Collectively evaluated for impairment	493,543		493,543		522,181
Loans	509,992		509,992		540,239
Other commercial real estate | Purchase credit impaired
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			0
Ending balance	0		0
Loans
Loans	120		120		34
Residential real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	1,631	845	980	1,181
Charge-offs	(144)	(110)	(159)	(757)
Recoveries	120	7	130	166
Provision	317	215	973	367
Ending balance	1,924	957	1,924	957
Period end amount allocated to
Individually evaluated for impairment	74		74		137
Collectively evaluated for impairment	1,845		1,845		837
Loans
Individually evaluated for impairment	2,429		2,429		3,471
Collectively evaluated for impairment	182,673		182,673		191,314
Loans	185,118		185,118		194,796
Residential real estate | Purchase credit impaired
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			6
Ending balance	5		5
Loans
Loans	16		16		11
Commercial, financial, & agricultural
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	1,913	1,421	1,657	618
Charge-offs	(153)	(225)	(221)	(350)
Recoveries	1	14	21	31
Provision	346	104	650	1,015
Ending balance	2,107	1,314	2,107	1,314
Period end amount allocated to
Individually evaluated for impairment	567		567		1,073
Collectively evaluated for impairment	1,540		1,540		584
Loans
Individually evaluated for impairment	614		614		2,246
Collectively evaluated for impairment	254,244		254,244		112,077
Loans	254,915		254,915		114,360
Commercial, financial, & agricultural | Purchase credit impaired
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			0
Ending balance	0		0
Loans
Loans	57		57		37
Consumer and other
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance	275	81	103	96
Charge-offs	(36)	(253)	(846)	(432)
Recoveries	54	15	140	45
Provision	117	298	1,013	432
Ending balance	410	$ 141	410	$ 141
Period end amount allocated to
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	327		327		103
Loans
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	23,098		23,098		23,322
Loans	23,290		23,290		23,322
Consumer and other | Purchase credit impaired
Allowance for Loan and Lease Losses [Roll Forward]
Beginning Balance			0
Ending balance	83		83
Loans
Loans	$ 192		$ 192		$ 0

Leases - Balance Sheet Classifi

Leases - Balance Sheet Classification of Operating Lease Right-of-use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease right-of-use assets	$ 572	$ 572
Operating lease liabilities	$ 576	$ 547
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssets
Operating Lease, Liability, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilities

Leases (Details Textual)

Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 64	$ 31	$ 180	$ 61
Weighted average remaining lease term	4 years 6 months 14 days		4 years 6 months 14 days
Weighted average discount rate	1.77%		1.77%

Leases - Future Maturities of O

Leases - Future Maturities of Operating Lease Liabilities and Other Lease Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Lease Liability
2021	$ 198
2022	149
2023	79
2024	45
2025	45
After September 30, 2025	93
Total lease payments	609
Less: interest	(33)
Present value of lease liabilities	576		$ 547
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (cash payments)	176	$ 104
Operating cash flows from operating leases (lease liability addition)	167	101
Operating lease right-of-use assets obtained in exchange for leases entered into during the period	$ 196	$ 193

Borrowings - Summary of Other B

Borrowings - Summary of Other Borrowed Money (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Federal Home Loan Bank advances	$ 22,500	$ 47,000
Paycheck Protection Program (PPP) Liquidity Facility	134,500	0
Other borrowings	38,042	38,792
Total borrowings	$ 195,042	$ 85,792

Borrowings - (Details Textual)

Borrowings - (Details Textual) - USD ($)	Apr. 20, 2020	May 01, 2019	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Lendable collateral of loans			$ 88,600,000
Remaining credit available			416,100,000
Outstanding balance on line of credit			0
Paycheck Protection Program (PPP) Liquidity Facility			134,500,000	$ 0
Line of credit, current borrowing capacity			55,000,000
Subordinated debt			24,200,000	$ 24,200,000
Paycheck Protection Program, CARES Act
Debt Instrument [Line Items]
Debt instrument, stated interest rate	0.35%
Proceeds from line of credit	$ 140,700,000
Paycheck Protection Program (PPP) Liquidity Facility			134,500,000
Federal Reserve Bank Advances
Debt Instrument [Line Items]
Short-term debt, borrowing capacity			0
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 10,000,000
Proceeds from line of credit		$ 5,300,000
Outstanding balance on line of credit			5,300,000
Revolving Credit Facility | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.40%
Term Note
Debt Instrument [Line Items]
Debt instrument, stated interest rate		4.70%
Notes payable balance			$ 8,500,000
Line of credit, maximum amount		$ 10,000,000
Minimum
Debt Instrument [Line Items]
FHLB interest rate			1.05%
Minimum | Paycheck Protection Program, CARES Act
Debt Instrument [Line Items]
Debt instrument, term	2 years
Maximum
Debt Instrument [Line Items]
FHLB interest rate			3.51%
Maximum | Paycheck Protection Program, CARES Act
Debt Instrument [Line Items]
Debt instrument, term	5 years
Weighted Average | Paycheck Protection Program, CARES Act
Debt Instrument [Line Items]
Debt instrument, term	2 years

Borrowings - Aggregate Stated M

Borrowings - Aggregate Stated Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Long-term Debt, Fiscal Year Maturity [Abstract]
Paycheck Protection Program (PPP) Liquidity Facility	$ 134,500	$ 0
Long-term Debt	195,042
Other Borrowings
Long-term Debt, Fiscal Year Maturity [Abstract]
2021	5,313
2022	0
2023	3,000
2024	8,500
2025 and After	$ 43,729

Earnings Per Share - Summary of

Earnings Per Share - Summary of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator
Net income available to common stockholders	$ 3,099	$ 2,518	$ 6,916	$ 7,455
Weighted average number of common shares
Outstanding for basic earnings per common share (in shares)	9,498,783	9,494,771	9,498,783	9,008,196
Weighted-average number of shares outstanding for diluted earnings per common share (in shares)	9,498,783	9,494,771	9,498,783	9,008,196
Earnings per share - basic (in dollars per share)	$ 0.33	$ 0.27	$ 0.73	$ 0.83
Earnings per share - diluted (in dollars per share)	$ 0.33	$ 0.27	$ 0.73	$ 0.83

Commitments and Contingencies -

Commitments and Contingencies - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Other Commitments [Line Items]
Letters of credit	$ 3,540	$ 1,576
Loan Origination Commitments
Other Commitments [Line Items]
Loan commitments	$ 147,410	$ 102,890

Commitments and Contingencies_2

Commitments and Contingencies (Details Textual)	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Letter of credit, expiration date period	1 year

Fair Value of Financial Instr_3

Fair Value of Financial Instruments and Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and short-term investments	$ 148,839	$ 104,092
Investment securities available for sale, at fair value	363,601	347,332
Other investments, at cost	3,296	4,288
Loans held for sale	55,864	10,076
Loans, net	1,111,221	938,475
Liabilities
Deposits	1,416,311	1,294,506
Paycheck Protection Program Liquidity Facility	20,742
Federal Home Loan Bank advances	134,500	44,402
Other borrowings	38,042	38,792
Level 1
Assets
Cash and short-term investments	148,839	104,192
Investment securities available for sale, at fair value	0	0
Other investments, at cost	2,567	3,559
Loans held for sale	0	0
Loans, net	0	0
Liabilities
Deposits	0	0
Paycheck Protection Program Liquidity Facility	0
Federal Home Loan Bank advances	0	0
Other borrowings	0	0
Level 2
Assets
Cash and short-term investments	0	0
Investment securities available for sale, at fair value	361,599	345,310
Other investments, at cost	729	729
Loans held for sale	55,864	10,076
Loans, net	0	0
Liabilities
Deposits	1,416,311	1,294,506
Paycheck Protection Program Liquidity Facility	20,742
Federal Home Loan Bank advances	134,500	44,402
Other borrowings	38,046	38,792
Level 3
Assets
Cash and short-term investments	0	0
Investment securities available for sale, at fair value	2,002	2,022
Other investments, at cost	0	0
Loans held for sale	0	0
Loans, net	1,111,221	938,475
Liabilities
Deposits	0	0
Paycheck Protection Program Liquidity Facility	0
Federal Home Loan Bank advances	0	0
Other borrowings	0	0
Carrying Value
Assets
Cash and short-term investments	148,839	104,092
Investment securities available for sale, at fair value	363,601	347,332
Other investments, at cost	3,296	4,288
Loans held for sale	55,864	10,076
Loans, net	1,090,586	961,951
Liabilities
Deposits	1,416,400	1,293,742
Paycheck Protection Program Liquidity Facility	22,500
Federal Home Loan Bank advances	134,500	47,000
Other borrowings	$ 38,042	$ 38,792

Fair Value of Financial Instr_4

Fair Value of Financial Instruments and Fair Value Measurements (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair value input, discount amount	10.00%		10.00%
Transfers out of Level 3	$ 0	$ 0	$ 0	$ 0

Fair Value of Financial Instr_5

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	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	$ 363,601	$ 347,332
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	361,599	345,310
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	2,002	2,022
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	245
State, county & municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	38,906	5,115
Corporate Debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	3,753	2,806
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	320,697	339,411
Recurring Securities Available for Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	363,601	347,332
Recurring Securities Available for Sale | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	0	0
Recurring Securities Available for Sale | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	361,599	345,310
Recurring Securities Available for Sale | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	2,002	2,022
Recurring Securities Available for Sale | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	245
Recurring Securities Available for Sale | U.S. treasury securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	0
Recurring Securities Available for Sale | U.S. treasury securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	245
Recurring Securities Available for Sale | U.S. treasury securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	0
Recurring Securities Available for Sale | State, county & municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	38,906	5,115
Recurring Securities Available for Sale | State, county & municipal securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	0	0
Recurring Securities Available for Sale | State, county & municipal securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	38,906	5,115
Recurring Securities Available for Sale | State, county & municipal securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	0	0
Recurring Securities Available for Sale | Corporate Debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	3,753	2,806
Recurring Securities Available for Sale | Corporate Debt securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	0	0
Recurring Securities Available for Sale | Corporate Debt securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	1,751	784
Recurring Securities Available for Sale | Corporate Debt securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	2,002	2,022
Recurring Securities Available for Sale | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	320,697	339,411
Recurring Securities Available for Sale | Mortgage-backed securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	0	0
Recurring Securities Available for Sale | Mortgage-backed securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	320,697	339,411
Recurring Securities Available for Sale | Mortgage-backed securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring Securities Available for Sale	0	0
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired Loans	2,178	5,985
Other Real Estate	1,875	1,320
Total nonrecurring assets	4,053	7,305
Nonrecurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired Loans	0	0
Other Real Estate	0	0
Total nonrecurring assets	0	0
Nonrecurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired Loans	0	0
Other Real Estate	0	0
Total nonrecurring assets	0	0
Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral Dependent Impaired Loans	2,178	5,985
Other Real Estate	1,875	1,320
Total nonrecurring assets	$ 4,053	$ 7,305

Fair Value of Financial Instr_6

Fair Value of Financial Instruments and Fair Value Measurements - Quantitative Information for Financial Instruments Measured at Fair Value (Details) $ in Thousands	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other Real Estate	$ 1,875	$ 1,320
Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Dependent Impaired Loans	2,178	5,985
Level 3 | Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Dependent Impaired Loans	2,178	5,985
Valuation, Market Approach | Level 3 | Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Dependent Impaired Loans	2,178	5,985
Other Real Estate	$ 1,875	$ 1,320
Valuation, Market Approach | Level 3 | Nonrecurring | Minimum | Measurement Input, Comparability Adjustment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Dependent Impaired Loans, Weighted Average Discount Range	0.10	0
Other Real Estate Owned, Weighted Average Discount Range	0	0
Valuation, Market Approach | Level 3 | Nonrecurring | Maximum | Measurement Input, Comparability Adjustment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral Dependent Impaired Loans, Weighted Average Discount Range	0.80	0.20
Other Real Estate Owned, Weighted Average Discount Range	0.20	0.20

Fair Value of Financial Instr_7

Fair Value of Financial Instruments and Fair Value Measurements - Fair Value Measurement Using Significant Unobservable Inputs (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers out of Level 3	$ 0	$ 0	$ 0	$ 0
Available-for-sale Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning			2,022,000	4,277,000
Transfers out of Level 3			0	0
Sales			0	0
Paydowns				(883,000)
Realized Loss on Sale of Security			0	0
Unrealized gains (losses) included in Other Comprehensive Income			(20,000)	40,000
Balance, Ending	$ 2,002,000	$ 3,434,000	$ 2,002,000	$ 3,434,000

Fair Value of Financial Instr_8

Fair Value of Financial Instruments and Fair Value Measurements - Quantitative Information About Recurring Level 3 Fair Value Measurement (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Investment securities available for sale, at fair value	$ 363,601	$ 347,332
Recurring Securities Available for Sale
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Investment securities available for sale, at fair value	363,601	347,332
Level 3
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Investment securities available for sale, at fair value	2,002	2,022
Level 3 | Recurring Securities Available for Sale
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Investment securities available for sale, at fair value	$ 2,002	$ 2,022

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net Interest Income	$ 13,848	$ 12,656	$ 40,094	$ 34,854
Provision for loan losses	1,106	214	5,262	524
Noninterest Income	7,554	4,030	16,829	10,350
Noninterest Expenses	16,313	13,357	42,938	35,398
Income Taxes	884	597	1,807	1,827
Segment Profit (Loss)	3,099	2,518	6,916	7,455
Segment Assets	1,759,446	1,477,682	1,759,446	1,477,682	$ 1,515,313
Bank
Segment Reporting Information [Line Items]
Net Interest Income	12,920	12,575	38,306	34,754
Provision for loan losses	1,106	214	5,262	524
Noninterest Income	4,139	2,785	9,960	8,462
Noninterest Expenses	13,242	11,637	36,712	32,832
Income Taxes	785	501	1,472	1,726
Segment Profit (Loss)	1,926	3,008	4,820	8,134
Segment Assets	1,563,131	1,473,535	1,563,131	1,473,535
Mortgage Banking
Segment Reporting Information [Line Items]
Net Interest Income	188	81	305	100
Provision for loan losses	0	0	0	0
Noninterest Income	2,612	1,245	5,686	1,888
Noninterest Expenses	2,410	1,191	5,302	2,037
Income Taxes	82	(15)	137	(10)
Segment Profit (Loss)	308	150	552	(39)
Segment Assets	50,265	3,998	50,265	3,998
Small Business Specialty Lending Division
Segment Reporting Information [Line Items]
Net Interest Income	740	0	1,483	0
Provision for loan losses	0	0	0	0
Noninterest Income	803	0	1,183	0
Noninterest Expenses	661	529	924	529
Income Taxes	17	111	198	111
Segment Profit (Loss)	865	(640)	1,544	(640)
Segment Assets	$ 146,050	$ 149	$ 146,050	$ 149

Regulatory Capital Matters (Det

Regulatory Capital Matters (Details Textual)	Jan. 01, 2016
Banking And Thrift Disclosure [Abstract]
Percentage of risk-weighted assets	0.625%
Increase in percentage of risk-weighted assets	0.625%
Final level of percentage of risk-weighted assets	2.50%

Regulatory Capital Matters - Su

Regulatory Capital Matters - Summary of Regulatory Capital Information (Details) $ in Thousands	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Total Capital to Risk-Weighted Assets
Actual Amount	$ 168,270	$ 140,973
Actual Ratio	0.1529	0.1317
For Capital Adequacy Purposes, Amount	$ 88,042	$ 85,661
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
Tier I Capital to Risk-Weighted Assets
Actual Amount	$ 157,250	$ 134,110
Actual Ratio	0.1429	0.1252
For Capital Adequacy Purposes, Amount	$ 66,025	$ 64,246
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
Common Equity Tier I Capital to Risk-Weighted Assets
Actual Amount	$ 133,750	$ 110,610
Actual Ratio	0.1216	0.1033
For Capital Adequacy Purposes, Amount	$ 49,496	$ 48,185
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Tier I Capital to Average Assets
Actual Amount	$ 157,250	$ 134,110
Actual Ratio	0.1017	0.0892
For Capital Adequacy Purposes, Amount	$ 61,849	$ 60,141
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
Colony Bank
Total Capital to Risk-Weighted Assets
Actual Amount	$ 158,046	$ 151,444
Actual Ratio	0.1435	0.1419
For Capital Adequacy Purposes, Amount	$ 88,109	$ 85,407
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 110,137	$ 106,758
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.1000
Tier I Capital to Risk-Weighted Assets
Actual Amount	$ 147,026	$ 144,581
Actual Ratio	0.1335	0.1354
For Capital Adequacy Purposes, Amount	$ 66,079	$ 64,055
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 88,105	$ 8,547
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0800	0.0800
Common Equity Tier I Capital to Risk-Weighted Assets
Actual Amount	$ 147,026	$ 144,581
Actual Ratio	0.1335	0.1354
For Capital Adequacy Purposes, Amount	$ 49,559	$ 48,041
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 71,586	$ 69,393
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier I Capital to Average Assets
Actual Amount	$ 147,026	$ 144,581
Actual Ratio	0.0966	0.0977
For Capital Adequacy Purposes, Amount	$ 60,880	$ 59,977
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 76,100	$ 74,972
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500	0.0500

Subsequent Events (Details)

Subsequent Events (Details)	Oct. 15, 2020$ / shares
Subsequent Event
Subsequent Event [Line Items]
Dividends declared (in dollars per share)	$ 0.10