Colony Bankcorp (CBAN) 10-Q 13 Aug 21 2021 Q2 Quarterly report Financial data

Cover page

Cover page - shares	6 Months Ended
	Jun. 30, 2021	Aug. 10, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
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	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,674,198
Entity Central Index Key	0000711669
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 16,897	$ 17,218
Federal funds sold	4,208	2,227
Interest-bearing deposits in banks	125,161	164,061
Cash and cash equivalents	146,266	183,506
Investment securities available for sale, at fair value	469,714	380,814
Other investments, at cost	2,703	3,296
Loans held for sale	30,910	52,386
Loans	1,022,618	1,059,503
Allowance for loan losses	(12,871)	(12,127)
Loans, net	1,009,747	1,047,376
Premises and equipment	32,689	32,057
Other real estate owned	270	1,006
Goodwill	15,992	15,992
Other intangible assets	1,929	2,271
Bank-owned life insurance	31,805	31,547
Other assets	13,493	13,723
Total assets	1,755,518	1,763,974
Deposits
Noninterest-bearing	393,677	326,999
Interest-bearing	1,148,537	1,118,028
Total deposits	1,542,214	1,445,027
Federal Home Loan Bank advances	22,500	22,500
Paycheck Protection Program Liquidity Facility	0	106,789
Other borrowings	37,292	37,792
Other liabilities	6,618	7,378
Total liabilities	1,608,624	1,619,486
Stockholders' equity:
Preferred stock, no par value; 10,000,000 shares authorized, none issued or outstanding as of June 30, 2021 and December 31, 2020, 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 June 30, 2021 and December 31, 2020, respectively	9,499	9,499
Paid in capital	43,232	43,215
Retained earnings	91,963	84,993
Accumulated other comprehensive income, net of tax	2,200	6,781
Total stockholders' equity	146,894	144,488
Total liabilities and stockholders' equity	$ 1,755,518	$ 1,763,974

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Stockholders' equity:
Preferred stock, 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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest income
Loans, including fees	$ 14,099	$ 13,699	$ 27,672	$ 26,989
Investment securities	1,893	1,794	3,591	3,788
Federal funds sold, deposits with other banks and short term investments	44	48	98	332
Total interest income	16,036	15,541	31,361	31,109
Interest expense
Deposits	569	1,403	1,223	3,621
Federal Home Loan Bank Advances	115	211	230	468
Paycheck Protection Program Liquidity Facility	25	87	93	87
Other borrowings	258	299	515	688
Total interest expense	967	2,000	2,061	4,864
Net interest income	15,069	13,541	29,300	26,245
Provision for loan losses	0	2,200	500	4,156
Net interest income after provision for loan losses	15,069	11,341	28,800	22,089
Noninterest income
Gain on sale of SBA loans	1,263	46	2,735	255
Gain on sale of securities	141	0	137	293
BOLI Income	222	160	430	311
Other	189	469	367	583
Total noninterest income	7,751	4,843	16,352	9,404
Noninterest expense
Salaries and employee benefits	10,126	7,729	20,081	15,227
Occupancy and equipment	1,245	1,316	2,571	2,634
Acquisition related expenses	865	220	1,040	507
Information technology expenses	1,856	1,380	3,448	2,696
Professional fees	690	480	1,177	862
Advertising and public relations	566	385	1,146	1,020
Communications	308	229	527	420
FHLB prepayment penalty	0	276	0	276
Other	1,809	1,360	3,229	3,111
Total noninterest expense	17,465	13,375	33,219	26,753
Income before income taxes	5,355	2,809	11,933	4,740
Income taxes	1,358	595	3,016	923
Net income	$ 3,997	$ 2,214	$ 8,917	$ 3,817
Earnings per common share:
Basic (in dollars per share)	$ 0.42	$ 0.23	$ 0.94	$ 0.40
Diluted (in dollars per share)	0.42	0.23	0.94	0.40
Dividends declared per share (in dollars per share)	$ 0.1025	$ 0.10	$ 0.21	$ 0.20
Weighted average common shares outstanding:
Basic (in shares)	9,498,783	9,498,783	9,498,783	9,498,783
Diluted (in shares)	9,498,783	9,498,783	9,498,783	9,498,783
Service charges on deposits
Noninterest income
Noninterest income	$ 1,264	$ 1,091	$ 2,486	$ 2,590
Mortgage fee income
Noninterest income
Noninterest income	3,005	1,827	7,000	3,089
Interchange fees
Noninterest income
Noninterest income	$ 1,667	$ 1,250	$ 3,197	$ 2,283

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 3,997	$ 2,214	$ 8,917	$ 3,817
Other comprehensive income:
Unrealized (losses) gains on securities arising during the period	629	2,195	(5,851)	8,697
Tax effect	(146)	(461)	1,375	(1,827)
Realized gains on sale of available for sale securities	(141)	0	(137)	(293)
Tax effect	33	0	32	62
Change in unrealized (losses) gains on securities available for sale, net of reclassification adjustment and tax effects	375	1,734	(4,581)	6,639
Comprehensive income	$ 4,372	$ 3,948	$ 4,336	$ 10,456

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, 2019		9,499
Beginning Balance at Dec. 31, 2019	$ 130,506	$ 9,499	$ 43,667	$ 76,978	$ 362
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effects	6,639				6,639
Dividends on common shares	(1,900)			(1,900)
Goodwill adjustment	(485)		(485)
Stock-based compensation expense	17		17
Net income	3,817			3,817
Ending Balance (in shares) at Jun. 30, 2020		9,499
Ending Balance at Jun. 30, 2020	138,594	$ 9,499	43,199	78,895	7,001
Beginning Balance (in shares) at Mar. 31, 2020		9,499
Beginning Balance at Mar. 31, 2020	136,072	$ 9,499	43,675	77,631	5,267
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effects	1,734				1,734
Dividends on common shares	(950)			(950)
Goodwill adjustment	(485)		(485)
Stock-based compensation expense	9		9
Net income	2,214			2,214
Ending Balance (in shares) at Jun. 30, 2020		9,499
Ending Balance at Jun. 30, 2020	138,594	$ 9,499	43,199	78,895	7,001
Beginning Balance (in shares) at Dec. 31, 2020		9,499
Beginning Balance at Dec. 31, 2020	144,488	$ 9,499	43,215	84,993	6,781
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effects	(4,581)				(4,581)
Dividends on common shares	(1,947)			(1,947)
Stock-based compensation expense	17		17
Net income	8,917			8,917
Ending Balance (in shares) at Jun. 30, 2021		9,499
Ending Balance at Jun. 30, 2021	146,894	$ 9,499	43,232	91,963	2,200
Beginning Balance (in shares) at Mar. 31, 2021		9,499
Beginning Balance at Mar. 31, 2021	143,487	$ 9,499	43,224	88,939	1,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effects	375				375
Dividends on common shares	(973)			(973)
Stock-based compensation expense	8		8
Net income	3,997			3,997
Ending Balance (in shares) at Jun. 30, 2021		9,499
Ending Balance at Jun. 30, 2021	$ 146,894	$ 9,499	$ 43,232	$ 91,963	$ 2,200

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating Activities
Net income	$ 8,917	$ 3,817
Adjustments reconciling net income to net cash provided by operating activities:
Provision for loan losses	500	4,156
Depreciation, amortization, and accretion	3,231	2,042
Share-based compensation expense	17	17
Net change in servicing asset	(485)	(46)
Gain on sales of securities	(137)	(293)
Gain on sales of SBA loans	(2,735)	(255)
Gain on sales of other real estate owned	(36)	0
(Recovery)/Writedown on other real estate owned	80	(98)
Loss on sales of premises & equipment	0	104
Originations of loans held for sale	(207,531)	(83,007)
Proceeds from sales of loans held for sale	231,742	76,802
Change in bank-owned life insurance	(258)	(334)
Deferred tax benefit	(518)	0
Change in other assets	2,261	(2,165)
Change in other liabilities	(760)	2,651
Net cash provided by operating activities	34,288	3,391
Investing Activities
Purchases of investment securities available for sale	(166,995)	(79,988)
Proceeds from maturities, calls, and paydowns of investment securities available for sale	53,620	46,302
Proceeds from sales of investment securities available for sale	17,559	15,314
Change in loans, net	36,671	(147,129)
Purchase of premises and equipment	(1,764)	(2,011)
Proceeds from sales of other real estate owned	837	1,125
Redemption of Federal Home Loan Bank Stock	593	334
Net cash used in investing activities	(59,479)	(166,053)
Financing Activities
Change in noninterest-bearing customer deposits	66,678	96,215
Change in interest-bearing customer deposits	30,509	31,801
Dividends paid for common stock	(1,947)	(1,900)
Proceeds from Paycheck Protection Program Liquidity Fund	0	134,500
Repayment on Paycheck Protection Program Liquidity Fund	(106,789)	0
Repayments on Federal Home Loan Bank Advances	0	(24,500)
Proceeds from Federal Home Loan Bank Advances	0	14,000
Repayments on Other borrowings	(500)	(500)
Net cash provided by (used in) financing activities	(12,049)	249,616
Net (decrease) increase in cash and cash equivalents	(37,240)	86,954
Cash and cash equivalents at beginning of period	183,506	104,092
Cash and cash equivalents at end of period	146,266	191,046
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	2,377	5,179
Cash paid during the period for income taxes	3,600	0
Noncash Investing and Financing Activities
Goodwill adjustment	0	485
Acquisition of real estate through foreclosure	$ 145	$ 1,476

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Stockholders' Equity [Abstract]
Dividends declared per share (in dollars per share)	$ 0.1025	$ 0.10	$ 0.21	$ 0.20

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
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, except where the content requires otherwise. 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 six months ended June 30, 2021 are not necessarily indicative of the results which may be expected for the year ending December 31, 2021. 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, 2020 (“2020 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, 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 consolidated 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 2021. 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 June 30, 2021, approximately 82% 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, the Financial Accounting Standards Board ("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 adopted this standard as of January 1, 2021. The adoption of this standard did not 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 adopted this standard as of January 1, 2021. The adoption of this standard did not 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 provisions of ASU 2020-04 did not have a material impact on the consolidated financial statements.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2021
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) June 30, 2021 Amortized Gross Gross Fair Value Securities Available for Sale: U.S. agency 18,234 51 (113) 18,172 State, county & municipal securities 82,805 688 (1,090) 82,403 Corporate debt securities 4,750 20 — 4,770 Other securities 8,058 — (20) 8,038 Mortgage-backed securities 352,894 5,303 (1,866) 356,331 $ 466,741 $ 6,062 $ (3,089) $ 469,714 December 31, 2020 Securities Available for Sale: U.S. treasury securities $ 245 $ — $ — $ 245 U.S. agency 1,000 4 — 1,004 State, county & municipal securities 61,298 1,155 (65) 62,388 Corporate debt securities 4,250 1 (1) 4,250 Mortgage-backed securities 305,438 7,837 (348) 312,927 $ 372,231 $ 8,997 $ (414) $ 380,814 The amortized cost and fair value of investment securities as of June 30, 2021, 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 $ 4,058 $ 4,038 Due after one year through five years 1,897 1,937 Due after five years through ten years 44,757 44,615 Due after ten years 63,135 62,793 $ 113,847 $ 113,383 Mortgage-backed securities 352,894 356,331 $ 466,741 $ 469,714 Proceeds from the sale of investment securities totaled $17.6 million and $15.3 million for the six months ended June 30, 2021 and 2020, respectively. The sale of investment securities for the six months ended June 30, 2021 and 2020 resulted in gross realized gains of $209,000 and $355,000 and losses of $72,000 and $62,000, respectively. Investment securities having a carrying value approximating $113.5 million and $126.5 million were pledged to secure public deposits and for other purposes as of June 30, 2021 and December 31, 2020, respectively. Information pertaining to securities with gross unrealized losses at June 30, 2021 and December 31, 2020 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 June 30, 2021 U.S. agency $ 11,992 $ (113) $ — $ — $ 11,992 $ (113) State, county & municipal securities 40,321 (1,081) 593 (9) 40,914 (1,090) Corporate debt securities 1,750 — — — 1,750 — Other securities 4,058 (20) — — 4,058 (20) Mortgage-backed securities 126,644 (1,637) 6,042 (229) 132,686 (1,866) $ 184,765 $ (2,851) $ 6,635 $ (238) $ 191,400 $ (3,089) December 31, 2020 State, county & municipal securities $ 8,282 $ (65) $ — $ — $ 8,282 $ (65) Corporate debt securities 999 (1) — — 999 (1) Mortgage-backed securities 28,835 (77) 3,949 (271) 32,784 (348) $ 38,116 $ (143) $ 3,949 $ (271) $ 42,065 $ (414) 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	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 and December 31, 2020. Purchased loans are defined as loans that were acquired in bank acquisitions. June 30, 2021 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land and land development $ 112,843 $ 6,097 $ 118,940 Other commercial real estate 514,225 31,658 545,883 Total commercial real estate 627,068 37,755 664,823 Residential real estate 159,527 10,646 170,173 Commercial, financial, & agricultural (*) 161,295 6,422 167,717 Consumer and other 17,974 1,931 19,905 Total Loans $ 965,864 $ 56,754 $ 1,022,618 December 31, 2020 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land and land development $ 109,577 $ 11,516 $ 121,093 Other commercial real estate 477,445 42,946 520,391 Total commercial real estate 587,022 54,462 641,484 Residential real estate 167,714 15,307 183,021 Commercial, financial, & agricultural (*) 200,800 12,580 213,380 Consumer and other 19,037 2,581 21,618 Total Loans $ 974,573 $ 84,930 $ 1,059,503 (*) Includes $58.8 million and $101.1 million in PPP loans at June 30, 2021 and December 31, 2020 Commercial and industrial loans are extended to a diverse group of businesses within the Company’s market area. These loans are often underwritten based on the borrower’s ability to service the debt from income from the business. Real estate construction loans often require loan funds to be advanced prior to completion of the project. Due to uncertainties inherent in estimating construction costs, changes in interest rates and other economic conditions, these loans often pose a higher risk than other types of loans. Consumer loans are originated at the Bank level. 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 June 30, 2021. 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 June 30, 2021 and December 31, 2020. 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 June 30, 2021 Construction, land and land development $ 102,379 $ 2,812 $ 7,652 $ 112,843 Other commercial real estate 478,547 19,132 16,546 514,225 Total commercial real estate 580,926 21,944 24,198 627,068 Residential real estate 150,077 2,787 6,663 159,527 Commercial, financial, & agricultural 157,574 2,139 1,582 161,295 Consumer and other 17,726 117 131 17,974 Total Loans $ 906,303 $ 26,987 $ 32,574 $ 965,864 (dollars in thousands) December 31, 2020 Construction, land and land development $ 99,430 $ 2,940 $ 7,207 $ 109,577 Other commercial real estate 430,515 33,579 13,351 477,445 Total commercial real estate 529,945 36,519 20,558 587,022 Residential real estate 157,927 3,855 5,932 167,714 Commercial, financial, & agricultural 196,749 2,870 1,181 200,800 Consumer and other 18,734 124 179 19,037 Total Loans $ 903,355 $ 43,368 $ 27,850 $ 974,573 The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of June 30, 2021 and December 31, 2020. 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 June 30, 2021, the Company did not have any loans classified as “doubtful” or a “loss”. (dollars in thousands) Pass Special Mention Substandard Total Loans June 30, 2021 Construction, land and land development $ 5,936 $ 161 $ — $ 6,097 Other commercial real estate 27,392 3,403 863 31,658 Total commercial real estate 33,328 3,564 863 37,755 Residential real estate 10,258 299 89 10,646 Commercial, financial, & agricultural 6,076 — 346 6,422 Consumer and other 1,832 3 96 1,931 Total Loans $ 51,494 $ 3,866 $ 1,394 $ 56,754 December 31, 2020 Construction, land and land development $ 11,275 $ 241 $ — $ 11,516 Other commercial real estate 40,825 53 2,068 42,946 Total commercial real estate 52,100 294 2,068 54,462 Residential real estate 14,909 312 86 15,307 Commercial, financial, & agricultural 10,198 1,803 579 12,580 Consumer and other 2,364 25 192 2,581 Total Loans $ 79,571 $ 2,434 $ 2,925 $ 84,930 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 June 30, 2021 and December 31, 2020: (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans June 30, 2021 Construction, land and land development $ 25 $ — $ 25 $ 47 $ 112,771 $ 112,843 Other commercial real estate 161 — 161 4,870 509,194 514,225 Total commercial real estate 186 — 186 4,917 621,965 627,068 Residential real estate 383 — 383 3,237 155,907 159,527 Commercial, financial, & agricultural 164 — 164 654 160,477 161,295 Consumer and other 15 — 15 88 17,871 17,974 Total Loans $ 748 $ — $ 748 $ 8,896 $ 956,220 $ 965,864 December 31, 2020 Construction, land and land development $ 1,314 $ — $ 1,314 $ 80 $ 108,183 $ 109,577 Other commercial real estate 229 — 229 2,545 474,671 477,445 Total commercial real estate 1,543 — 1,543 2,625 582,854 587,022 Residential real estate 667 — 667 2,873 164,174 167,714 Commercial, financial, & agricultural 150 — 150 1,010 199,640 200,800 Consumer and other 48 — 48 102 18,887 19,037 Total Loans $ 2,408 $ — $ 2,408 $ 6,610 $ 965,555 $ 974,573 The following table presents the aging of the amortized cost basis in purchased loans by aging category and accrual status as of June 30, 2021 and December 31, 2020: (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans June 30, 2021 Construction, land and land development $ — $ — $ — $ — $ 6,097 $ 6,097 Other commercial real estate — — — 87 31,571 31,658 Total commercial real estate — — — 87 37,668 37,755 Residential real estate — — — 79 10,567 10,646 Commercial, financial, & agricultural — — — 47 6,375 6,422 Consumer and other — — — 96 1,835 1,931 Total Loans $ — $ — $ — $ 309 $ 56,445 $ 56,754 December 31, 2020 Construction, land and land development $ — $ — $ — $ 117 $ 11,399 $ 11,516 Other commercial real estate 544 — 544 2,068 40,334 42,946 Total commercial real estate 544 — 544 2,185 51,733 54,462 Residential real estate 15 — 15 85 15,207 15,307 Commercial, financial, & agricultural 125 — 125 55 12,400 12,580 Consumer and other — — — 193 2,388 2,581 Total Loans $ 684 $ — $ 684 $ 2,518 $ 81,728 $ 84,930 The following table details impaired loan data, including purchased credit impaired loans, as of June 30, 2021. June 30, 2021 (dollars in thousands) Unpaid Recorded Investment Related Average With No Related Allowance Recorded Construction, land and land development $ 6,968 $ 6,967 $ — $ 7,143 Commercial real estate 7,383 6,510 — 9,245 Residential real estate 1,036 1,036 — 1,075 Commercial, financial & agriculture 85 85 — 43 Consumer & other — — — — 15,472 14,598 — 17,506 With An Allowance Recorded Construction, land and land development — — — — Commercial real estate 5,283 5,283 1,350 5,619 Residential real estate 1,130 1,130 224 1,197 Commercial, financial & agriculture — — — 132 Consumer & other — — — 2 6,413 6,413 1,574 6,950 Purchased Credit Impaired Loans Construction, land and land development 115 91 — 85 Commercial real estate 863 862 38 415 Residential real estate 12 12 9 9 Commercial, financial & agriculture 55 47 4 43 Consumer & other 192 96 96 64 1,237 1,108 147 616 Total Construction, land and land development 7,083 7,058 — 7,228 Commercial real estate 13,529 12,655 1,388 15,279 Residential real estate 2,178 2,178 233 2,281 Commercial, financial & agriculture 140 132 4 218 Consumer & other 192 96 96 66 $ 23,122 $ 22,119 $ 1,721 $ 25,072 The following table details impaired loan data as of December 31, 2020. December 31, 2020 (dollars in thousands) Unpaid Recorded Investment Related Average With No Related Allowance Recorded Construction, land and land development $ 6,969 $ 6,982 $ — $ 2,841 Commercial real estate 11,978 11,105 — 12,190 Residential real estate 1,140 1,122 — 2,142 Commercial, financial & agriculture 42 40 — 203 Consumer & other — — — — 20,129 19,249 — 17,376 With An Allowance Recorded Construction, land and land development — — — — Commercial real estate 6,292 6,325 1,436 5,945 Residential real estate 1,274 1,230 226 703 Commercial, financial & agriculture 310 310 263 1,118 Consumer & other — — — — 7,876 7,865 1,925 7,766 Purchased Credit Impaired Loans Construction, land and land development 118 94 — 96 Commercial real estate — — — 63 Residential real estate 14 11 4 13 Commercial, financial & agriculture 55 46 — 49 Consumer & other 192 96 81 113 379 247 85 334 Total Construction, land and land development 7,087 7,076 — 2,937 Commercial real estate 18,270 17,430 1,436 18,198 Residential real estate 2,428 2,363 230 2,858 Commercial, financial & agriculture 407 396 263 1,370 Consumer & other 192 96 81 113 $ 28,384 $ 27,361 $ 2,010 $ 25,476 Interest income recorded on impaired loans during the three and six months ended June 30, 2021 and 2020 were $325,000, , $563,000, $104,000 and $154,000 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, 2020, which are included in the Company’s 2020 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 June 30, 2021. The Company had one construction, land and land development loan restructured during the six month period ended June 30, 2021 with outstanding principal balance of $511,000. 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.

Allowance for Loan Losses

Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2021
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 six month periods ended June 30, 2021 and June 30, 2020. 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 June 30, 2021 Beginning Balance $ 1,053 $ 7,128 $ 2,411 $ 1,666 $ 435 $ 12,693 Charge-offs — (36) — — (32) (68) Recoveries 70 95 44 15 22 246 Provision 2 90 (182) 92 (2) — Ending balance 1,125 7,277 2,273 1,773 423 12,871 Six Months Ended June 30, 2021 Beginning Balance $ 1,013 $ 6,880 $ 2,278 $ 1,713 $ 243 $ 12,127 Charge-offs — (36) — (15) (43) (94) Recoveries 85 95 110 18 30 338 Provision 27 338 (115) 57 193 500 Ending balance 1,125 7,277 2,273 1,773 423 12,871 Period end amount allocated to Individually evaluated for impairment — 1,350 224 — — 1,574 Collectively evaluated for impairment 1,125 5,889 2,040 1,769 327 11,150 Purchase credit impaired — 38 9 4 96 147 Ending Balance 1,125 7,277 2,273 1,773 423 12,871 Loans Individually evaluated for impairment 6,968 11,793 2,166 85 — 21,012 Collectively evaluated for impairment 111,881 533,228 167,995 167,585 19,809 1,000,498 Purchase credit impaired 91 862 12 47 96 1,108 Ending balance $ 118,940 $ 545,883 $ 170,173 $ 167,717 $ 19,905 $ 1,022,618 (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 June 30, 2020 Beginning Balance $ 354 $ 4,821 $ 1,203 $ 1,780 $ 226 $ 8,384 Charge-offs (4) — (16) — (364) (384) Recoveries 12 21 6 19 31 89 Provision 397 869 438 114 382 2,200 Ending balance 759 5,711 1,631 1,913 275 10,289 Six Months Ended June 30, 2020 Beginning Balance $ 215 $ 3,908 $ 980 $ 1,657 $ 103 $ 6,863 Charge-offs (4) (30) (80) (68) (715) (897) Recoveries 25 26 10 20 86 167 Provision 523 1,807 721 304 801 4,156 Ending balance 759 5,711 1,631 1,913 275 10,289 December 31, 2020 Period end amount allocated to Individually evaluated for impairment — 1,436 226 263 — 1,925 Collectively evaluated for impairment 1,013 5,444 2,048 1,450 162 10,117 Purchase credit impaired — — 4 — 81 85 Ending Balance 1,013 6,880 2,278 1,713 243 12,127 Loans Individually evaluated for impairment 6,982 17,430 2,352 350 — 27,114 Collectively evaluated for impairment 114,017 502,961 180,658 212,984 21,522 1,032,142 Purchase credit impaired 94 — 11 46 96 247 Ending Balance $ 121,093 $ 520,391 $ 183,021 $ 213,380 $ 21,618 $ 1,059,503 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	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 December 31, 2020 Assets Operating lease right-of-use assets Other assets $ 324 $ 511 Liabilities Operating lease liabilities Other liabilities 332 517 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 $39,000, $64,000, $98,000, and $116,000 for the three and six months ended June 30, 2021 and 2020, respectively. As of June 30, 2021, the weighted average remaining lease term was 1.74 years and the weighted average discount rate was 1.34%. The following table represents the future maturities of the operating lease liabilities and other lease information as of June 30, 2021. (dollars in thousands) Lease Liability 2021 $ 165 2022 116 2023 54 Total lease payments $ 335 Less: interest (3) Present value of lease liabilities $ 332 Supplemental lease information: Cash paid for amounts included in the measurement of lease liabilities: June 30, 2021 June 30, 2020 Operating cash flows from operating leases (cash payments) $ 92 $ 116 Operating cash flows from operating leases (lease liability addition) — 110 Operating lease right-of-use assets obtained in exchange for leases entered into during the period 170 196

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Borrowings	Borrowings The following table presents information regarding the Company’s outstanding borrowings at June 30, 2021 and December 31, 2020: (dollars in thousands) June 30, 2021 December 31, 2020 Federal Home Loan Bank advances $ 22,500 $ 22,500 Paycheck Protection Program (PPP) Liquidity Facility — 106,789 Other borrowings 37,292 37,792 $ 59,792 $ 167,081 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 June 30, 2021, the lendable collateral of those loans pledged is $88.6 million. At June 30, 2021, the Company had remaining credit availability from the FHLB of $426.5 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 entered into two borrowing arrangements with a correspondent bank for $10.0 million each. The term note is secured by the Bank’s stock, expiring on May 1, 2024, and bears a fixed interest rate of 4.70%. The line of credit is also secured by the Bank’s stock, expiring on July 30, 2022, and bears a variable interest rate of Wall Street Journal Prime minus 0.40%.The proceeds were used for the acquisition of LBC Bancshares, Inc. and its subsidiary, Calumet Bank. As of June 30, 2021, the outstanding balance of the term note and the line of credit totaled $7.8 million and $5.3 million, respectively. On April 20, 2020 the Company completed a Paycheck Protection Program Liquidity Facility (PPPLF) credit arrangement with the Federal Reserve. This line of credit was secured by PPP loans and bore 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 June 30, 2021 are as follows: (dollars in thousands) Year Amount 2021 $ 5,313 2022 — 2023 3,000 2024 7,750 2025 4,500 2026 and After 39,229 PPPLF — $ 59,792 The Company also has available federal funds lines of credit with various financial institutions totaling $41.5 million, none of which were outstanding at June 30, 2021. 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 June 30, 2021, 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 debentures issued in connection with 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 June 30, 2021 and December 31, 2020, $24.2 million of debentures underlying trust preferred securities were outstanding. The proceeds from the offerings were used to fund certain acquisitions, pay off holding company debt and inject capital into the bank subsidiary. The debentures underlying the trust preferred securities require quarterly interest payments.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2021
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 six months ended June 30, 2021 and 2020. (in thousands) Three Months Ended Six Months Ended 2021 2020 2021 2020 Numerator Net income available to common stockholders $ 3,997 $ 2,214 $ 8,917 $ 3,817 Denominator Weighted average number of common shares Outstanding for basic earnings per common share 9,499 9,499 9,499 9,499 Weighted-average number of shares outstanding for diluted earnings per common share 9,499 9,499 9,499 9,499 Earnings per share - basic $ 0.42 $ 0.23 $ 0.94 $ 0.40 Earnings per share - diluted $ 0.42 $ 0.23 $ 0.94 $ 0.40

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 and December 31, 2020 the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount (dollars in thousands) June 30, 2021 December 31, 2020 Loan commitments $ 238,679 $ 198,029 Letters of credit 5,200 3,634 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 June 30, 2021, 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	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments and Fair Value Measurements	Fair Value of Financial Instruments and Fair Value MeasurementsGenerally 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 June 30, 2021 and December 31, 2020 are as follows: Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level June 30, 2021 Assets Cash and short-term investments $ 146,266 $ 146,266 $ 146,266 $ — $ — Investment securities available for sale 469,714 469,714 — 469,714 — Other investments, at cost 2,703 2,703 — 2,703 — Loans held for sale 30,910 30,910 — 30,910 — Loans, net 1,009,747 1,021,651 — — 1,021,651 Liabilities Deposits 1,542,214 1,542,836 — 1,542,836 — Federal Home Loan Bank advances 22,500 21,257 — 21,257 — Other borrowings 37,292 37,267 — 37,267 — Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level December 31, 2020 Assets Cash and short-term investments $ 183,506 $ 183,506 $ 183,506 $ — $ — Investment securities available for sale 380,814 380,814 245 380,569 — Other investments, at cost 3,296 3,296 — 3,296 — Loans held for sale 52,386 52,386 — 52,386 — Loans, net 1,047,376 1,063,785 — — 1,063,785 Liabilities Deposits 1,445,027 1,445,984 — 1,445,984 — Paycheck Protection Program Liquidity Facility 106,789 106,789 — 106,789 Federal Home Loan Bank advances 22,500 20,817 — 20,817 — Other borrowings 37,792 37,792 — 37,792 — 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 Owned – Other real estate owned assets are adjusted to fair value less estimated selling costs upon transfer of the loans to other real estate owned. Typically, an external, third-party appraisal is performed on the collateral upon transfer into the other real estate owned 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 owned assets and because of the relationship between fair value and general economic conditions, we consider the fair value of other real estate owned 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 June 30, 2021 and December 31, 2020, 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 June 30, 2021 and December 31, 2020. 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) June 30, 2021 Nonrecurring Collateral dependent impaired loans $ 4,839 $ — $ — $ 4,839 Other real estate owned 270 — — 270 Total nonrecurring assets $ 5,109 $ — $ — $ 5,109 Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair (Level 1) (Level 2) (Level 3) December 31, 2020 Nonrecurring Collateral dependent impaired loans $ 5,939 $ — $ — 5,939 Other real estate owned 1,006 — — 1,006 Total nonrecurring assets $ 6,945 $ — $ — $ 6,945 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 June 30, 2021 and December 31, 2020. This table is comprised primarily of collateral dependent impaired loans and other real estate owned: (dollars in thousands) June 30, 2021 Valuation Unobservable Range Collateral dependent impaired loans $ 4,839 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % 100 % Other real estate owned 270 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell — % 20 % (dollars in thousands) December 31, 2020 Valuation Unobservable Range Collateral dependent impaired loans $ 5,939 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % 100 % Other real estate owned 1,006 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 six months ended June 30, 2020. Available for Sale Securities June 30, 2020 Balance, Beginning $ 2,022 Transfers out of Level 3 — Sales — Paydowns (16) Realized Loss on Sale of Security — Unrealized gains (losses) included in Other Comprehensive Income — Balance, Ending $ 2,006 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 six months ended June 30, 2020.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2021
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 six months ended June 30, 2021 and 2020: (dollars in thousands) Bank Mortgage Small Totals Three months ended June 30, 2021 Net Interest Income $ 14,864 $ 123 $ 82 $ 15,069 Provision for Loan Losses — — — — Noninterest Income 3,354 2,997 1,400 7,751 Noninterest Expenses 13,366 2,887 1,212 17,465 Income Taxes 1,241 60 57 1,358 Segment Profit $ 3,611 $ 173 $ 213 $ 3,997 Segments Assets at June 30, 2021 $ 1,710,345 $ 25,149 $ 20,024 $ 1,755,518 Full time employees at June 30, 2021 291 51 23 365 (dollars in thousands) Bank Mortgage Small Totals Three months ended June 30, 2020 Net Interest Income $ 13,440 $ 82 $ 19 $ 13,541 Provision for Loan Losses 2,200 — — 2,200 Noninterest Income 2,901 1,821 121 4,843 Noninterest Expenses 10,158 1,697 1,520 13,375 Income Taxes 842 43 (290) 595 Segment Profit (Loss) $ 3,141 $ 163 $ (1,230) $ 2,214 Segments Assets at December 31, 2020 $ 1,709,696 $ 50,266 $ 4,012 $ 1,763,974 Full time employees at June 30, 2020 321 40 13 374 Bank Mortgage Small Totals Six months ended June 30, 2021 Net Interest Income $ 28,797 $ 291 $ 212 $ 29,300 Provision for Loan Losses 500 — — 500 Noninterest Income 6,384 6,983 2,985 16,352 Noninterest Expenses 25,298 5,680 2,241 33,219 Income Taxes 2,401 414 201 3,016 Segment Profit $ 6,982 $ 1,180 $ 755 $ 8,917 Bank Mortgage Small Totals Six months ended June 30, 2020 Net Interest Income $ 26,096 $ 116 $ 33 $ 26,245 Provision for Loan Losses 4,156 — — 4,156 Noninterest Income 5,950 3,074 380 9,404 Noninterest Expenses 21,825 2,892 2,036 26,753 Income Taxes 1,210 54 (341) 923 Segment Profit (Loss) $ 4,855 $ 244 $ (1,695) $ 3,817

Regulatory Capital Matters

Regulatory Capital Matters	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021, 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 June 30, 2021, 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 participated 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. All PPPLF advances were repaid in full during the second quarter of 2021. 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 on a consolidated basis. The following table summarizes regulatory capital information as of June 30, 2021 and December 31, 2020 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for June 30, 2021 and December 31, 2020 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 June 30, 2021 Total Capital to Risk-Weighted Assets Consolidated $ 163,144 14.56 % $ 89,640 8.00 % N/A N/A Colony Bank 163,639 14.99 87,332 8.00 $ 109,165 10.00 % Tier 1 Capital to Risk-Weighted Assets Consolidated 150,273 13.41 67,236 6.00 N/A N/A Colony Bank 150,946 13.85 65,392 6.00 87,189 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 126,773 11.31 50,440 4.50 N/A N/A Colony Bank 150,946 13.85 49,044 4.50 70,841 6.50 Tier 1 Capital to Average Assets Consolidated 150,273 8.45 71,135 4.00 N/A N/A Colony Bank 150,946 8.84 68,301 4.00 85,377 5.00 (dollars in thousands) Actual For Capital To Be Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Total Capital to Risk-Weighted Assets Consolidated $ 155,447 13.78 % $ 90,245 8.00 % N/A N/A Colony Bank 164,050 14.55 90,199 8.00 $ 112,749 10.00 % Tier 1 Capital to Risk-Weighted Assets Consolidated 143,320 12.71 67,657 6.00 N/A N/A Colony Bank 151,923 13.48 67,622 6.00 90,162 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 119,820 10.62 50,771 4.50 N/A N/A Colony Bank 151,923 13.48 50,716 4.50 73,257 6.50 Tier 1 Capital to Average Assets Consolidated 143,320 8.49 67,524 4.00 N/A N/A Colony Bank 151,923 9.12 66,633 4.00 83,291 5.00

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Effective August 1, 2021, the Company completed its acquisition (the “Merger”) of SouthCrest Financial Group, Inc. ("SouthCrest"), the holding company for SouthCrest Bank, N.A., pursuant to the Agreement and Plan of Merger, dated April 22, 2021 (the “Merger Agreement”). On August 1, 2021, SouthCrest was merged with and into the Company, and SouthCrest Bank, N.A. was merged with and into Colony Bank. Pursuant to the terms of the Merger Agreement, each share of SouthCrest common and preferred stock was converted into the right to receive either $10.45 in cash or 0.7318 shares of the Company’s common stock, subject to customary proration and allocation procedures such that approximately 27.5% of SouthCrest shares were converted to cash consideration and the remaining 72.5% of SouthCrest shares were converted to Company common stock. Based on the Company’s closing stock price of $17.90 per share as of July 30, 2021, the last trading day prior to consummation of the Merger, the value of the merger consideration is estimated to be $96 million. In aggregate, the Company issued approximately 4.0 million shares of its common stock in the Merger. Dividend On July 22, 2021, the Board of Directors declared a quarterly cash dividend of $0.1025 per share, to be paid on its common stock on August 17, 2021, to shareholders of record as of the close of business on August 3, 2021.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
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, except where the content requires otherwise. 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 six months ended June 30, 2021 are not necessarily indicative of the results which may be expected for the year ending December 31, 2021. 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, 2020 (“2020 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, 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 consolidated 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 2021. 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 June 30, 2021, approximately 82% 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, the Financial Accounting Standards Board ("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 adopted this standard as of January 1, 2021. The adoption of this standard did not 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 adopted this standard as of January 1, 2021. The adoption of this standard did not 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 provisions of ASU 2020-04 did not have a material impact on the consolidated financial statements.
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.
Fair Value of Financial Instruments and Fair Value Measurements	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.

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2021
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) June 30, 2021 Amortized Gross Gross Fair Value Securities Available for Sale: U.S. agency 18,234 51 (113) 18,172 State, county & municipal securities 82,805 688 (1,090) 82,403 Corporate debt securities 4,750 20 — 4,770 Other securities 8,058 — (20) 8,038 Mortgage-backed securities 352,894 5,303 (1,866) 356,331 $ 466,741 $ 6,062 $ (3,089) $ 469,714 December 31, 2020 Securities Available for Sale: U.S. treasury securities $ 245 $ — $ — $ 245 U.S. agency 1,000 4 — 1,004 State, county & municipal securities 61,298 1,155 (65) 62,388 Corporate debt securities 4,250 1 (1) 4,250 Mortgage-backed securities 305,438 7,837 (348) 312,927 $ 372,231 $ 8,997 $ (414) $ 380,814
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 $ 4,058 $ 4,038 Due after one year through five years 1,897 1,937 Due after five years through ten years 44,757 44,615 Due after ten years 63,135 62,793 $ 113,847 $ 113,383 Mortgage-backed securities 352,894 356,331 $ 466,741 $ 469,714
Schedule of Unrealized Loss on Investments	Information pertaining to securities with gross unrealized losses at June 30, 2021 and December 31, 2020 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 June 30, 2021 U.S. agency $ 11,992 $ (113) $ — $ — $ 11,992 $ (113) State, county & municipal securities 40,321 (1,081) 593 (9) 40,914 (1,090) Corporate debt securities 1,750 — — — 1,750 — Other securities 4,058 (20) — — 4,058 (20) Mortgage-backed securities 126,644 (1,637) 6,042 (229) 132,686 (1,866) $ 184,765 $ (2,851) $ 6,635 $ (238) $ 191,400 $ (3,089) December 31, 2020 State, county & municipal securities $ 8,282 $ (65) $ — $ — $ 8,282 $ (65) Corporate debt securities 999 (1) — — 999 (1) Mortgage-backed securities 28,835 (77) 3,949 (271) 32,784 (348) $ 38,116 $ (143) $ 3,949 $ (271) $ 42,065 $ (414)

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 and December 31, 2020. Purchased loans are defined as loans that were acquired in bank acquisitions. June 30, 2021 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land and land development $ 112,843 $ 6,097 $ 118,940 Other commercial real estate 514,225 31,658 545,883 Total commercial real estate 627,068 37,755 664,823 Residential real estate 159,527 10,646 170,173 Commercial, financial, & agricultural (*) 161,295 6,422 167,717 Consumer and other 17,974 1,931 19,905 Total Loans $ 965,864 $ 56,754 $ 1,022,618 December 31, 2020 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land and land development $ 109,577 $ 11,516 $ 121,093 Other commercial real estate 477,445 42,946 520,391 Total commercial real estate 587,022 54,462 641,484 Residential real estate 167,714 15,307 183,021 Commercial, financial, & agricultural (*) 200,800 12,580 213,380 Consumer and other 19,037 2,581 21,618 Total Loans $ 974,573 $ 84,930 $ 1,059,503 (*) Includes $58.8 million and $101.1 million in PPP loans at June 30, 2021 and December 31, 2020
Financing Receivable Credit Quality Indicators	The following table presents the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of June 30, 2021 and December 31, 2020. 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 June 30, 2021 Construction, land and land development $ 102,379 $ 2,812 $ 7,652 $ 112,843 Other commercial real estate 478,547 19,132 16,546 514,225 Total commercial real estate 580,926 21,944 24,198 627,068 Residential real estate 150,077 2,787 6,663 159,527 Commercial, financial, & agricultural 157,574 2,139 1,582 161,295 Consumer and other 17,726 117 131 17,974 Total Loans $ 906,303 $ 26,987 $ 32,574 $ 965,864 (dollars in thousands) December 31, 2020 Construction, land and land development $ 99,430 $ 2,940 $ 7,207 $ 109,577 Other commercial real estate 430,515 33,579 13,351 477,445 Total commercial real estate 529,945 36,519 20,558 587,022 Residential real estate 157,927 3,855 5,932 167,714 Commercial, financial, & agricultural 196,749 2,870 1,181 200,800 Consumer and other 18,734 124 179 19,037 Total Loans $ 903,355 $ 43,368 $ 27,850 $ 974,573 The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of June 30, 2021 and December 31, 2020. 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 June 30, 2021, the Company did not have any loans classified as “doubtful” or a “loss”. (dollars in thousands) Pass Special Mention Substandard Total Loans June 30, 2021 Construction, land and land development $ 5,936 $ 161 $ — $ 6,097 Other commercial real estate 27,392 3,403 863 31,658 Total commercial real estate 33,328 3,564 863 37,755 Residential real estate 10,258 299 89 10,646 Commercial, financial, & agricultural 6,076 — 346 6,422 Consumer and other 1,832 3 96 1,931 Total Loans $ 51,494 $ 3,866 $ 1,394 $ 56,754 December 31, 2020 Construction, land and land development $ 11,275 $ 241 $ — $ 11,516 Other commercial real estate 40,825 53 2,068 42,946 Total commercial real estate 52,100 294 2,068 54,462 Residential real estate 14,909 312 86 15,307 Commercial, financial, & agricultural 10,198 1,803 579 12,580 Consumer and other 2,364 25 192 2,581 Total Loans $ 79,571 $ 2,434 $ 2,925 $ 84,930
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 June 30, 2021 and December 31, 2020: (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans June 30, 2021 Construction, land and land development $ 25 $ — $ 25 $ 47 $ 112,771 $ 112,843 Other commercial real estate 161 — 161 4,870 509,194 514,225 Total commercial real estate 186 — 186 4,917 621,965 627,068 Residential real estate 383 — 383 3,237 155,907 159,527 Commercial, financial, & agricultural 164 — 164 654 160,477 161,295 Consumer and other 15 — 15 88 17,871 17,974 Total Loans $ 748 $ — $ 748 $ 8,896 $ 956,220 $ 965,864 December 31, 2020 Construction, land and land development $ 1,314 $ — $ 1,314 $ 80 $ 108,183 $ 109,577 Other commercial real estate 229 — 229 2,545 474,671 477,445 Total commercial real estate 1,543 — 1,543 2,625 582,854 587,022 Residential real estate 667 — 667 2,873 164,174 167,714 Commercial, financial, & agricultural 150 — 150 1,010 199,640 200,800 Consumer and other 48 — 48 102 18,887 19,037 Total Loans $ 2,408 $ — $ 2,408 $ 6,610 $ 965,555 $ 974,573 The following table presents the aging of the amortized cost basis in purchased loans by aging category and accrual status as of June 30, 2021 and December 31, 2020: (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans June 30, 2021 Construction, land and land development $ — $ — $ — $ — $ 6,097 $ 6,097 Other commercial real estate — — — 87 31,571 31,658 Total commercial real estate — — — 87 37,668 37,755 Residential real estate — — — 79 10,567 10,646 Commercial, financial, & agricultural — — — 47 6,375 6,422 Consumer and other — — — 96 1,835 1,931 Total Loans $ — $ — $ — $ 309 $ 56,445 $ 56,754 December 31, 2020 Construction, land and land development $ — $ — $ — $ 117 $ 11,399 $ 11,516 Other commercial real estate 544 — 544 2,068 40,334 42,946 Total commercial real estate 544 — 544 2,185 51,733 54,462 Residential real estate 15 — 15 85 15,207 15,307 Commercial, financial, & agricultural 125 — 125 55 12,400 12,580 Consumer and other — — — 193 2,388 2,581 Total Loans $ 684 $ — $ 684 $ 2,518 $ 81,728 $ 84,930
Impaired Financing Receivables	The following table details impaired loan data, including purchased credit impaired loans, as of June 30, 2021. June 30, 2021 (dollars in thousands) Unpaid Recorded Investment Related Average With No Related Allowance Recorded Construction, land and land development $ 6,968 $ 6,967 $ — $ 7,143 Commercial real estate 7,383 6,510 — 9,245 Residential real estate 1,036 1,036 — 1,075 Commercial, financial & agriculture 85 85 — 43 Consumer & other — — — — 15,472 14,598 — 17,506 With An Allowance Recorded Construction, land and land development — — — — Commercial real estate 5,283 5,283 1,350 5,619 Residential real estate 1,130 1,130 224 1,197 Commercial, financial & agriculture — — — 132 Consumer & other — — — 2 6,413 6,413 1,574 6,950 Purchased Credit Impaired Loans Construction, land and land development 115 91 — 85 Commercial real estate 863 862 38 415 Residential real estate 12 12 9 9 Commercial, financial & agriculture 55 47 4 43 Consumer & other 192 96 96 64 1,237 1,108 147 616 Total Construction, land and land development 7,083 7,058 — 7,228 Commercial real estate 13,529 12,655 1,388 15,279 Residential real estate 2,178 2,178 233 2,281 Commercial, financial & agriculture 140 132 4 218 Consumer & other 192 96 96 66 $ 23,122 $ 22,119 $ 1,721 $ 25,072 The following table details impaired loan data as of December 31, 2020. December 31, 2020 (dollars in thousands) Unpaid Recorded Investment Related Average With No Related Allowance Recorded Construction, land and land development $ 6,969 $ 6,982 $ — $ 2,841 Commercial real estate 11,978 11,105 — 12,190 Residential real estate 1,140 1,122 — 2,142 Commercial, financial & agriculture 42 40 — 203 Consumer & other — — — — 20,129 19,249 — 17,376 With An Allowance Recorded Construction, land and land development — — — — Commercial real estate 6,292 6,325 1,436 5,945 Residential real estate 1,274 1,230 226 703 Commercial, financial & agriculture 310 310 263 1,118 Consumer & other — — — — 7,876 7,865 1,925 7,766 Purchased Credit Impaired Loans Construction, land and land development 118 94 — 96 Commercial real estate — — — 63 Residential real estate 14 11 4 13 Commercial, financial & agriculture 55 46 — 49 Consumer & other 192 96 81 113 379 247 85 334 Total Construction, land and land development 7,087 7,076 — 2,937 Commercial real estate 18,270 17,430 1,436 18,198 Residential real estate 2,428 2,363 230 2,858 Commercial, financial & agriculture 407 396 263 1,370 Consumer & other 192 96 81 113 $ 28,384 $ 27,361 $ 2,010 $ 25,476

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2021
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 six month periods ended June 30, 2021 and June 30, 2020. 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 June 30, 2021 Beginning Balance $ 1,053 $ 7,128 $ 2,411 $ 1,666 $ 435 $ 12,693 Charge-offs — (36) — — (32) (68) Recoveries 70 95 44 15 22 246 Provision 2 90 (182) 92 (2) — Ending balance 1,125 7,277 2,273 1,773 423 12,871 Six Months Ended June 30, 2021 Beginning Balance $ 1,013 $ 6,880 $ 2,278 $ 1,713 $ 243 $ 12,127 Charge-offs — (36) — (15) (43) (94) Recoveries 85 95 110 18 30 338 Provision 27 338 (115) 57 193 500 Ending balance 1,125 7,277 2,273 1,773 423 12,871 Period end amount allocated to Individually evaluated for impairment — 1,350 224 — — 1,574 Collectively evaluated for impairment 1,125 5,889 2,040 1,769 327 11,150 Purchase credit impaired — 38 9 4 96 147 Ending Balance 1,125 7,277 2,273 1,773 423 12,871 Loans Individually evaluated for impairment 6,968 11,793 2,166 85 — 21,012 Collectively evaluated for impairment 111,881 533,228 167,995 167,585 19,809 1,000,498 Purchase credit impaired 91 862 12 47 96 1,108 Ending balance $ 118,940 $ 545,883 $ 170,173 $ 167,717 $ 19,905 $ 1,022,618 (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 June 30, 2020 Beginning Balance $ 354 $ 4,821 $ 1,203 $ 1,780 $ 226 $ 8,384 Charge-offs (4) — (16) — (364) (384) Recoveries 12 21 6 19 31 89 Provision 397 869 438 114 382 2,200 Ending balance 759 5,711 1,631 1,913 275 10,289 Six Months Ended June 30, 2020 Beginning Balance $ 215 $ 3,908 $ 980 $ 1,657 $ 103 $ 6,863 Charge-offs (4) (30) (80) (68) (715) (897) Recoveries 25 26 10 20 86 167 Provision 523 1,807 721 304 801 4,156 Ending balance 759 5,711 1,631 1,913 275 10,289 December 31, 2020 Period end amount allocated to Individually evaluated for impairment — 1,436 226 263 — 1,925 Collectively evaluated for impairment 1,013 5,444 2,048 1,450 162 10,117 Purchase credit impaired — — 4 — 81 85 Ending Balance 1,013 6,880 2,278 1,713 243 12,127 Loans Individually evaluated for impairment 6,982 17,430 2,352 350 — 27,114 Collectively evaluated for impairment 114,017 502,961 180,658 212,984 21,522 1,032,142 Purchase credit impaired 94 — 11 46 96 247 Ending Balance $ 121,093 $ 520,391 $ 183,021 $ 213,380 $ 21,618 $ 1,059,503

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Consolidated Balance Sheet Classification of Assets and 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 June 30, 2021 December 31, 2020 Assets Operating lease right-of-use assets Other assets $ 324 $ 511 Liabilities Operating lease liabilities Other liabilities 332 517
Operating Lease Liabilities, Future Maturities	The following table represents the future maturities of the operating lease liabilities and other lease information as of June 30, 2021. (dollars in thousands) Lease Liability 2021 $ 165 2022 116 2023 54 Total lease payments $ 335 Less: interest (3) Present value of lease liabilities $ 332 Supplemental lease information: Cash paid for amounts included in the measurement of lease liabilities: June 30, 2021 June 30, 2020 Operating cash flows from operating leases (cash payments) $ 92 $ 116 Operating cash flows from operating leases (lease liability addition) — 110 Operating lease right-of-use assets obtained in exchange for leases entered into during the period 170 196
Other Lease Information	The following table represents the future maturities of the operating lease liabilities and other lease information as of June 30, 2021. (dollars in thousands) Lease Liability 2021 $ 165 2022 116 2023 54 Total lease payments $ 335 Less: interest (3) Present value of lease liabilities $ 332 Supplemental lease information: Cash paid for amounts included in the measurement of lease liabilities: June 30, 2021 June 30, 2020 Operating cash flows from operating leases (cash payments) $ 92 $ 116 Operating cash flows from operating leases (lease liability addition) — 110 Operating lease right-of-use assets obtained in exchange for leases entered into during the period 170 196

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table presents information regarding the Company’s outstanding borrowings at June 30, 2021 and December 31, 2020: (dollars in thousands) June 30, 2021 December 31, 2020 Federal Home Loan Bank advances $ 22,500 $ 22,500 Paycheck Protection Program (PPP) Liquidity Facility — 106,789 Other borrowings 37,292 37,792 $ 59,792 $ 167,081
Schedule of Maturities of Long-term Debt	The aggregate stated maturities of other borrowed money at June 30, 2021 are as follows: (dollars in thousands) Year Amount 2021 $ 5,313 2022 — 2023 3,000 2024 7,750 2025 4,500 2026 and After 39,229 PPPLF — $ 59,792

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents earnings per share for the three and six months ended June 30, 2021 and 2020. (in thousands) Three Months Ended Six Months Ended 2021 2020 2021 2020 Numerator Net income available to common stockholders $ 3,997 $ 2,214 $ 8,917 $ 3,817 Denominator Weighted average number of common shares Outstanding for basic earnings per common share 9,499 9,499 9,499 9,499 Weighted-average number of shares outstanding for diluted earnings per common share 9,499 9,499 9,499 9,499 Earnings per share - basic $ 0.42 $ 0.23 $ 0.94 $ 0.40 Earnings per share - diluted $ 0.42 $ 0.23 $ 0.94 $ 0.40

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary Of Financial Instrument Outstanding	At June 30, 2021 and December 31, 2020 the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount (dollars in thousands) June 30, 2021 December 31, 2020 Loan commitments $ 238,679 $ 198,029 Letters of credit 5,200 3,634

Fair Value of Financial Instr_2

Fair Value of Financial Instruments and Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021 and December 31, 2020 are as follows: Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level June 30, 2021 Assets Cash and short-term investments $ 146,266 $ 146,266 $ 146,266 $ — $ — Investment securities available for sale 469,714 469,714 — 469,714 — Other investments, at cost 2,703 2,703 — 2,703 — Loans held for sale 30,910 30,910 — 30,910 — Loans, net 1,009,747 1,021,651 — — 1,021,651 Liabilities Deposits 1,542,214 1,542,836 — 1,542,836 — Federal Home Loan Bank advances 22,500 21,257 — 21,257 — Other borrowings 37,292 37,267 — 37,267 — Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level December 31, 2020 Assets Cash and short-term investments $ 183,506 $ 183,506 $ 183,506 $ — $ — Investment securities available for sale 380,814 380,814 245 380,569 — Other investments, at cost 3,296 3,296 — 3,296 — Loans held for sale 52,386 52,386 — 52,386 — Loans, net 1,047,376 1,063,785 — — 1,063,785 Liabilities Deposits 1,445,027 1,445,984 — 1,445,984 — Paycheck Protection Program Liquidity Facility 106,789 106,789 — 106,789 Federal Home Loan Bank advances 22,500 20,817 — 20,817 — Other borrowings 37,792 37,792 — 37,792 —
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 June 30, 2021 and December 31, 2020, 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 June 30, 2021 and December 31, 2020. 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) June 30, 2021 Nonrecurring Collateral dependent impaired loans $ 4,839 $ — $ — $ 4,839 Other real estate owned 270 — — 270 Total nonrecurring assets $ 5,109 $ — $ — $ 5,109 Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair (Level 1) (Level 2) (Level 3) December 31, 2020 Nonrecurring Collateral dependent impaired loans $ 5,939 $ — $ — 5,939 Other real estate owned 1,006 — — 1,006 Total nonrecurring assets $ 6,945 $ — $ — $ 6,945
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 June 30, 2021 and December 31, 2020. This table is comprised primarily of collateral dependent impaired loans and other real estate owned: (dollars in thousands) June 30, 2021 Valuation Unobservable Range Collateral dependent impaired loans $ 4,839 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % 100 % Other real estate owned 270 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell — % 20 % (dollars in thousands) December 31, 2020 Valuation Unobservable Range Collateral dependent impaired loans $ 5,939 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % 100 % Other real estate owned 1,006 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell — % 20 %
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 six months ended June 30, 2020. Available for Sale Securities June 30, 2020 Balance, Beginning $ 2,022 Transfers out of Level 3 — Sales — Paydowns (16) Realized Loss on Sale of Security — Unrealized gains (losses) included in Other Comprehensive Income — Balance, Ending $ 2,006

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following tables present information reported internally for performance assessment for the three and six months ended June 30, 2021 and 2020: (dollars in thousands) Bank Mortgage Small Totals Three months ended June 30, 2021 Net Interest Income $ 14,864 $ 123 $ 82 $ 15,069 Provision for Loan Losses — — — — Noninterest Income 3,354 2,997 1,400 7,751 Noninterest Expenses 13,366 2,887 1,212 17,465 Income Taxes 1,241 60 57 1,358 Segment Profit $ 3,611 $ 173 $ 213 $ 3,997 Segments Assets at June 30, 2021 $ 1,710,345 $ 25,149 $ 20,024 $ 1,755,518 Full time employees at June 30, 2021 291 51 23 365 (dollars in thousands) Bank Mortgage Small Totals Three months ended June 30, 2020 Net Interest Income $ 13,440 $ 82 $ 19 $ 13,541 Provision for Loan Losses 2,200 — — 2,200 Noninterest Income 2,901 1,821 121 4,843 Noninterest Expenses 10,158 1,697 1,520 13,375 Income Taxes 842 43 (290) 595 Segment Profit (Loss) $ 3,141 $ 163 $ (1,230) $ 2,214 Segments Assets at December 31, 2020 $ 1,709,696 $ 50,266 $ 4,012 $ 1,763,974 Full time employees at June 30, 2020 321 40 13 374 Bank Mortgage Small Totals Six months ended June 30, 2021 Net Interest Income $ 28,797 $ 291 $ 212 $ 29,300 Provision for Loan Losses 500 — — 500 Noninterest Income 6,384 6,983 2,985 16,352 Noninterest Expenses 25,298 5,680 2,241 33,219 Income Taxes 2,401 414 201 3,016 Segment Profit $ 6,982 $ 1,180 $ 755 $ 8,917 Bank Mortgage Small Totals Six months ended June 30, 2020 Net Interest Income $ 26,096 $ 116 $ 33 $ 26,245 Provision for Loan Losses 4,156 — — 4,156 Noninterest Income 5,950 3,074 380 9,404 Noninterest Expenses 21,825 2,892 2,036 26,753 Income Taxes 1,210 54 (341) 923 Segment Profit (Loss) $ 4,855 $ 244 $ (1,695) $ 3,817

Regulatory Capital Matters (Tab

Regulatory Capital Matters (Tables)	6 Months Ended
	Jun. 30, 2021
Banking And Thrift Disclosure [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following table summarizes regulatory capital information as of June 30, 2021 and December 31, 2020 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for June 30, 2021 and December 31, 2020 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 June 30, 2021 Total Capital to Risk-Weighted Assets Consolidated $ 163,144 14.56 % $ 89,640 8.00 % N/A N/A Colony Bank 163,639 14.99 87,332 8.00 $ 109,165 10.00 % Tier 1 Capital to Risk-Weighted Assets Consolidated 150,273 13.41 67,236 6.00 N/A N/A Colony Bank 150,946 13.85 65,392 6.00 87,189 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 126,773 11.31 50,440 4.50 N/A N/A Colony Bank 150,946 13.85 49,044 4.50 70,841 6.50 Tier 1 Capital to Average Assets Consolidated 150,273 8.45 71,135 4.00 N/A N/A Colony Bank 150,946 8.84 68,301 4.00 85,377 5.00 (dollars in thousands) Actual For Capital To Be Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Total Capital to Risk-Weighted Assets Consolidated $ 155,447 13.78 % $ 90,245 8.00 % N/A N/A Colony Bank 164,050 14.55 90,199 8.00 $ 112,749 10.00 % Tier 1 Capital to Risk-Weighted Assets Consolidated 143,320 12.71 67,657 6.00 N/A N/A Colony Bank 151,923 13.48 67,622 6.00 90,162 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 119,820 10.62 50,771 4.50 N/A N/A Colony Bank 151,923 13.48 50,716 4.50 73,257 6.50 Tier 1 Capital to Average Assets Consolidated 143,320 8.49 67,524 4.00 N/A N/A Colony Bank 151,923 9.12 66,633 4.00 83,291 5.00

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Percentage of loan portfolio concentrated in loans secured by real estate	82.00%

Investment Securities - Schedul

Investment Securities - Schedule of Investment Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Securities Available for Sale:
Amortized Cost	$ 466,741	$ 372,231
Gross Unrealized Gains	6,062	8,997
Gross Unrealized Losses	(3,089)	(414)
Fair Value	469,714	380,814
U.S. treasury securities
Securities Available for Sale:
Amortized Cost		245
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		245
U.S. agency
Securities Available for Sale:
Amortized Cost	18,234	1,000
Gross Unrealized Gains	51	4
Gross Unrealized Losses	(113)	0
Fair Value	18,172	1,004
State, county & municipal securities
Securities Available for Sale:
Amortized Cost	82,805	61,298
Gross Unrealized Gains	688	1,155
Gross Unrealized Losses	(1,090)	(65)
Fair Value	82,403	62,388
Corporate debt securities
Securities Available for Sale:
Amortized Cost	4,750	4,250
Gross Unrealized Gains	20	1
Gross Unrealized Losses	0	(1)
Fair Value	4,770	4,250
Other securities
Securities Available for Sale:
Amortized Cost	8,058
Gross Unrealized Gains	0
Gross Unrealized Losses	(20)
Fair Value	8,038
Mortgage-backed securities
Securities Available for Sale:
Amortized Cost	352,894	305,438
Gross Unrealized Gains	5,303	7,837
Gross Unrealized Losses	(1,866)	(348)
Fair Value	$ 356,331	$ 312,927

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Amortized Cost
Due in one year or less	$ 4,058
Due after one year through five years	1,897
Due after five years through ten years	44,757
Due after ten years	63,135
Total amortized cost	113,847
Mortgage-backed securities	352,894
Amortized Cost	466,741	$ 372,231
Fair Value
Due in one year or less	4,038
Due after one year through five years	1,937
Due after five years through ten years	44,615
Due after ten years	62,793
Total fair value	113,383
Mortgage-backed securities	356,331
Fair Value	$ 469,714	$ 380,814

Investment Securities - Narrati

Investment Securities - Narrative (Details)	6 Months Ended
	Jun. 30, 2021USD ($)security	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales of investment securities available for sale	$ 17,559,000	$ 15,314,000
Gross realized gain on sale	209,000	355,000
Gross realized loss on sale	72,000	$ 62,000
Investment securities pledged as collateral	$ 113,500,000		$ 126,500,000
Number of securities that have unrealized losses | security	94
Securities deemed to be other than temporary	$ 0

Investment Securities - Continu

Investment Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value
Less Than 12 Months	$ 184,765	$ 38,116
12 Months or Greater	6,635	3,949
Total	191,400	42,065
Gross Unrealized Losses
Less Than 12 Months	(2,851)	(143)
12 Months or Greater	(238)	(271)
Total	(3,089)	(414)
U.S. agency
Fair Value
Less Than 12 Months	11,992
12 Months or Greater	0
Total	11,992
Gross Unrealized Losses
Less Than 12 Months	(113)
12 Months or Greater	0
Total	(113)
State, county & municipal securities
Fair Value
Less Than 12 Months	40,321	8,282
12 Months or Greater	593	0
Total	40,914	8,282
Gross Unrealized Losses
Less Than 12 Months	(1,081)	(65)
12 Months or Greater	(9)	0
Total	(1,090)	(65)
Corporate debt securities
Fair Value
Less Than 12 Months	1,750	999
12 Months or Greater	0	0
Total	1,750	999
Gross Unrealized Losses
Less Than 12 Months	0	(1)
12 Months or Greater	0	0
Total	0	(1)
Other securities
Fair Value
Less Than 12 Months	4,058
12 Months or Greater	0
Total	4,058
Gross Unrealized Losses
Less Than 12 Months	(20)
12 Months or Greater	0
Total	(20)
Mortgage-backed securities
Fair Value
Less Than 12 Months	126,644	28,835
12 Months or Greater	6,042	3,949
Total	132,686	32,784
Gross Unrealized Losses
Less Than 12 Months	(1,637)	(77)
12 Months or Greater	(229)	(271)
Total	$ (1,866)	$ (348)

Loans - Segregated by Class of

Loans - Segregated by Class of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 1,022,618	$ 1,059,503
Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	965,864	974,573
Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	56,754	84,930
Construction, land and land development
Loans and Leases Receivable Disclosure [Line Items]
Loans	118,940	121,093
Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	545,883	520,391
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	664,823	641,484
Commercial real estate | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	627,068	587,022
Commercial real estate | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	37,755	54,462
Commercial real estate | Construction, land and land development
Loans and Leases Receivable Disclosure [Line Items]
Loans	118,940	121,093
Commercial real estate | Construction, land and land development | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	112,843	109,577
Commercial real estate | Construction, land and land development | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	6,097	11,516
Commercial real estate | Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	545,883	520,391
Commercial real estate | Other commercial real estate | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	514,225	477,445
Commercial real estate | Other commercial real estate | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	31,658	42,946
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	170,173	183,021
Residential real estate | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	159,527	167,714
Residential real estate | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	10,646	15,307
Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	167,717	213,380
Commercial, financial & agricultural | Paycheck Protection Program, CARES Act
Loans and Leases Receivable Disclosure [Line Items]
Loans	58,800	101,100
Commercial, financial & agricultural | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	161,295	200,800
Commercial, financial & agricultural | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	6,422	12,580
Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	19,905	21,618
Consumer and other | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	17,974	19,037
Consumer and other | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 1,931	$ 2,581

Loans - Loan Portfolio by Credi

Loans - Loan Portfolio by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 1,022,618	$ 1,059,503
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	664,823	641,484
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	170,173	183,021
Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	167,717	213,380
Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	19,905	21,618
Construction, land and land development
Loans and Leases Receivable Disclosure [Line Items]
Loans	118,940	121,093
Construction, land and land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	118,940	121,093
Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	545,883	520,391
Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	545,883	520,391
Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	965,864	974,573
Legacy Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	627,068	587,022
Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	159,527	167,714
Legacy Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	161,295	200,800
Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	17,974	19,037
Legacy Loans | Construction, land and land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	112,843	109,577
Legacy Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	514,225	477,445
Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	56,754	84,930
Purchased Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	37,755	54,462
Purchased Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	10,646	15,307
Purchased Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	6,422	12,580
Purchased Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,931	2,581
Purchased Loans | Construction, land and land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	6,097	11,516
Purchased Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	31,658	42,946
Pass | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	906,303	903,355
Pass | Legacy Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	580,926	529,945
Pass | Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	150,077	157,927
Pass | Legacy Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	157,574	196,749
Pass | Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	17,726	18,734
Pass | Legacy Loans | Construction, land and land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	102,379	99,430
Pass | Legacy Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	478,547	430,515
Pass | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	51,494	79,571
Pass | Purchased Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	33,328	52,100
Pass | Purchased Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	10,258	14,909
Pass | Purchased Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	6,076	10,198
Pass | Purchased Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,832	2,364
Pass | Purchased Loans | Construction, land and land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	5,936	11,275
Pass | Purchased Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	27,392	40,825
Special Mention | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	26,987	43,368
Special Mention | Legacy Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	21,944	36,519
Special Mention | Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	2,787	3,855
Special Mention | Legacy Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	2,139	2,870
Special Mention | Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	117	124
Special Mention | Legacy Loans | Construction, land and land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	2,812	2,940
Special Mention | Legacy Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	19,132	33,579
Special Mention | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	3,866	2,434
Special Mention | Purchased Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	3,564	294
Special Mention | Purchased Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	299	312
Special Mention | Purchased Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	0	1,803
Special Mention | Purchased Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	3	25
Special Mention | Purchased Loans | Construction, land and land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	161	241
Special Mention | Purchased Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	3,403	53
Substandard | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	32,574	27,850
Substandard | Legacy Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	24,198	20,558
Substandard | Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	6,663	5,932
Substandard | Legacy Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,582	1,181
Substandard | Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	131	179
Substandard | Legacy Loans | Construction, land and land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	7,652	7,207
Substandard | Legacy Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	16,546	13,351
Substandard | Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,394	2,925
Substandard | Purchased Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	863	2,068
Substandard | Purchased Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	89	86
Substandard | Purchased Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	346	579
Substandard | Purchased Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans	96	192
Substandard | Purchased Loans | Construction, land and land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	0	0
Substandard | Purchased Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 863	$ 2,068

Loans - Narrative (Details)

Loans - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan
Loans and Leases Receivable Disclosure [Line Items]
Outstanding balance of high risk loans, minimum	$ 250,000		$ 250,000
Interest income on impaired loans	325,000	$ 104,000	563,000	$ 154,000
Unfunded commitments to lend	0		$ 0
Number of loans that subsequently defaulted | loan			0	0
Construction, land and land development
Loans and Leases Receivable Disclosure [Line Items]
Loan contracts restructured | loan			1
Troubled debt restructuring	$ 511,000		$ 511,000

Loans - Age Analysis of Past Du

Loans - Age Analysis of Past Due Loans and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Loans	$ 1,022,618	$ 1,059,503
Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	965,864	974,573
Nonaccrual Loans	8,896	6,610
Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	56,754	84,930
Nonaccrual Loans	309	2,518
30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	748	2,408
30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	684
90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	748	2,408
Total Accruing Loans Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	684
Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	956,220	965,555
Current Loans | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	56,445	81,728
Construction, land and land development
Financing Receivable, Past Due [Line Items]
Loans	118,940	121,093
Other commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	545,883	520,391
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	664,823	641,484
Commercial real estate | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	627,068	587,022
Nonaccrual Loans	4,917	2,625
Commercial real estate | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	37,755	54,462
Nonaccrual Loans	87	2,185
Commercial real estate | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	186	1,543
Commercial real estate | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	544
Commercial real estate | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	186	1,543
Commercial real estate | Total Accruing Loans Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	544
Commercial real estate | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	621,965	582,854
Commercial real estate | Current Loans | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	37,668	51,733
Commercial real estate | Construction, land and land development
Financing Receivable, Past Due [Line Items]
Loans	118,940	121,093
Commercial real estate | Construction, land and land development | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	112,843	109,577
Nonaccrual Loans	47	80
Commercial real estate | Construction, land and land development | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	6,097	11,516
Nonaccrual Loans	0	117
Commercial real estate | Construction, land and land development | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	25	1,314
Commercial real estate | Construction, land and land development | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate | Construction, land and land development | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate | Construction, land and land development | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate | Construction, land and land development | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	25	1,314
Commercial real estate | Construction, land and land development | Total Accruing Loans Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate | Construction, land and land development | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	112,771	108,183
Commercial real estate | Construction, land and land development | Current Loans | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	6,097	11,399
Commercial real estate | Other commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	545,883	520,391
Commercial real estate | Other commercial real estate | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	514,225	477,445
Nonaccrual Loans	4,870	2,545
Commercial real estate | Other commercial real estate | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	31,658	42,946
Nonaccrual Loans	87	2,068
Commercial real estate | Other commercial real estate | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	161	229
Commercial real estate | Other commercial real estate | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	544
Commercial real estate | Other commercial real estate | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate | Other commercial real estate | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate | Other commercial real estate | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	161	229
Commercial real estate | Other commercial real estate | Total Accruing Loans Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	544
Commercial real estate | Other commercial real estate | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	509,194	474,671
Commercial real estate | Other commercial real estate | Current Loans | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	31,571	40,334
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans	170,173	183,021
Residential real estate | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	159,527	167,714
Nonaccrual Loans	3,237	2,873
Residential real estate | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	10,646	15,307
Nonaccrual Loans	79	85
Residential real estate | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	383	667
Residential real estate | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	15
Residential real estate | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Residential real estate | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Residential real estate | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	383	667
Residential real estate | Total Accruing Loans Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	15
Residential real estate | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	155,907	164,174
Residential real estate | Current Loans | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	10,567	15,207
Commercial, financial & agricultural
Financing Receivable, Past Due [Line Items]
Loans	167,717	213,380
Commercial, financial & agricultural | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	161,295	200,800
Nonaccrual Loans	654	1,010
Commercial, financial & agricultural | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	6,422	12,580
Nonaccrual Loans	47	55
Commercial, financial & agricultural | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	164	150
Commercial, financial & agricultural | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	125
Commercial, financial & agricultural | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial, financial & agricultural | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial, financial & agricultural | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	164	150
Commercial, financial & agricultural | Total Accruing Loans Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	125
Commercial, financial & agricultural | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	160,477	199,640
Commercial, financial & agricultural | Current Loans | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	6,375	12,400
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans	19,905	21,618
Consumer and other | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	17,974	19,037
Nonaccrual Loans	88	102
Consumer and other | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	1,931	2,581
Nonaccrual Loans	96	193
Consumer and other | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	15	48
Consumer and other | 30-89 Days Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer and other | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer and other | 90 Days or More Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer and other | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	15	48
Consumer and other | Total Accruing Loans Past Due | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer and other | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	17,871	18,887
Consumer and other | Current Loans | Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	$ 1,835	$ 2,388

Loans - Impaired Loan Data (Det

Loans - Impaired Loan Data (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	$ 15,472	$ 20,129
With An Allowance Recorded	6,413	7,876
Loans Including Purchased Credit Impaired Loans	23,122	28,384
Recorded Investment
With No Related Allowance Recorded	14,598	19,249
With An Allowance Recorded	6,413	7,865
Loans Including Purchased Credit Impaired Loans	22,119	27,361
Related Allowance
With An Allowance Recorded	1,574	1,925
Total Impaired Loans	1,721	2,010
Average Recorded Investment
With No Related Allowance Recorded	17,506	17,376
With An Allowance Recorded	6,950	7,766
Loans Including Purchased Credit Impaired Loans	25,072	25,476
Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	1,237	379
Recorded Investment
Loans Including Purchased Credit Impaired Loans	1,108	247
Related Allowance
With An Allowance Recorded	147	85
Purchased Credit Impaired Loans	147	85
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	616	334
Residential real estate
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	1,036	1,140
With An Allowance Recorded	1,130	1,274
Loans Including Purchased Credit Impaired Loans	2,178	2,428
Recorded Investment
With No Related Allowance Recorded	1,036	1,122
With An Allowance Recorded	1,130	1,230
Loans Including Purchased Credit Impaired Loans	2,178	2,363
Related Allowance
With An Allowance Recorded	224	226
Total Impaired Loans	233	230
Average Recorded Investment
With No Related Allowance Recorded	1,075	2,142
With An Allowance Recorded	1,197	703
Loans Including Purchased Credit Impaired Loans	2,281	2,858
Residential real estate | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	12	14
Recorded Investment
Loans Including Purchased Credit Impaired Loans	12	11
Related Allowance
With An Allowance Recorded	9	4
Purchased Credit Impaired Loans	9	4
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	9	13
Commercial, financial & agricultural
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	85	42
With An Allowance Recorded	0	310
Loans Including Purchased Credit Impaired Loans	140	407
Recorded Investment
With No Related Allowance Recorded	85	40
With An Allowance Recorded	0	310
Loans Including Purchased Credit Impaired Loans	132	396
Related Allowance
With An Allowance Recorded	0	263
Total Impaired Loans	4	263
Average Recorded Investment
With No Related Allowance Recorded	43	203
With An Allowance Recorded	132	1,118
Loans Including Purchased Credit Impaired Loans	218	1,370
Commercial, financial & agricultural | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	55	55
Recorded Investment
Loans Including Purchased Credit Impaired Loans	47	46
Related Allowance
With An Allowance Recorded	4	0
Purchased Credit Impaired Loans	4	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	43	49
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	192	192
Recorded Investment
With No Related Allowance Recorded	0	0
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	96	96
Related Allowance
With An Allowance Recorded	0	0
Total Impaired Loans	96	81
Average Recorded Investment
With No Related Allowance Recorded	0	0
With An Allowance Recorded	2	0
Loans Including Purchased Credit Impaired Loans	66	113
Consumer and other | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	192	192
Recorded Investment
Loans Including Purchased Credit Impaired Loans	96	96
Related Allowance
With An Allowance Recorded	96	81
Purchased Credit Impaired Loans	96	81
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	64	113
Construction, land and land development
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	6,968	6,969
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	7,083	7,087
Recorded Investment
With No Related Allowance Recorded	6,967	6,982
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	7,058	7,076
Related Allowance
With An Allowance Recorded	0	0
Total Impaired Loans	0	0
Average Recorded Investment
With No Related Allowance Recorded	7,143	2,841
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	7,228	2,937
Construction, land and land development | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	115	118
Recorded Investment
Loans Including Purchased Credit Impaired Loans	91	94
Related Allowance
With An Allowance Recorded	0	0
Purchased Credit Impaired Loans	0	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	85	96
Commercial real estate
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	7,383	11,978
With An Allowance Recorded	5,283	6,292
Loans Including Purchased Credit Impaired Loans	13,529	18,270
Recorded Investment
With No Related Allowance Recorded	6,510	11,105
With An Allowance Recorded	5,283	6,325
Loans Including Purchased Credit Impaired Loans	12,655	17,430
Related Allowance
With An Allowance Recorded	1,350	1,436
Total Impaired Loans	1,388	1,436
Average Recorded Investment
With No Related Allowance Recorded	9,245	12,190
With An Allowance Recorded	5,619	5,945
Loans Including Purchased Credit Impaired Loans	15,279	18,198
Commercial real estate | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	863	0
Recorded Investment
Loans Including Purchased Credit Impaired Loans	862	0
Related Allowance
With An Allowance Recorded	38	0
Purchased Credit Impaired Loans	38	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	$ 415	$ 63

Allowance for Loan Losses - Seg

Allowance for Loan Losses - Segregated by Class of Loan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 12,693	$ 8,384	$ 12,127	$ 6,863
Charge-offs	(68)	(384)	(94)	(897)
Recoveries	246	89	338	167
Provision	0	2,200	500	4,156
Ending balance	12,871	10,289	12,871	10,289
Period end amount allocated to
Individually evaluated for impairment	1,574		1,574		$ 1,925
Collectively evaluated for impairment	11,150		11,150		10,117
Purchase credit impaired	1,574		1,574		1,925
Loans
Individually evaluated for impairment	21,012		21,012		27,114
Collectively evaluated for impairment	1,000,498		1,000,498		1,032,142
Purchase credit impaired	22,119		22,119		27,361
Loans	1,022,618		1,022,618		1,059,503
Purchase credit impaired
Period end amount allocated to
Purchase credit impaired	147		147		85
Loans
Purchase credit impaired	1,108		1,108		247
Residential real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	2,411	1,203	2,278	980
Charge-offs	0	(16)	0	(80)
Recoveries	44	6	110	10
Provision	(182)	438	(115)	721
Ending balance	2,273	1,631	2,273	1,631
Period end amount allocated to
Individually evaluated for impairment	224		224		226
Collectively evaluated for impairment	2,040		2,040		2,048
Purchase credit impaired	224		224		226
Loans
Individually evaluated for impairment	2,166		2,166		2,352
Collectively evaluated for impairment	167,995		167,995		180,658
Purchase credit impaired	2,178		2,178		2,363
Loans	170,173		170,173		183,021
Residential real estate | Purchase credit impaired
Period end amount allocated to
Purchase credit impaired	9		9		4
Loans
Purchase credit impaired	12		12		11
Commercial, financial & agricultural
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,666	1,780	1,713	1,657
Charge-offs	0	0	(15)	(68)
Recoveries	15	19	18	20
Provision	92	114	57	304
Ending balance	1,773	1,913	1,773	1,913
Period end amount allocated to
Individually evaluated for impairment	0		0		263
Collectively evaluated for impairment	1,769		1,769		1,450
Purchase credit impaired	0		0		263
Loans
Individually evaluated for impairment	85		85		350
Collectively evaluated for impairment	167,585		167,585		212,984
Purchase credit impaired	132		132		396
Loans	167,717		167,717		213,380
Commercial, financial & agricultural | Purchase credit impaired
Period end amount allocated to
Purchase credit impaired	4		4		0
Loans
Purchase credit impaired	47		47		46
Consumer and other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	435	226	243	103
Charge-offs	(32)	(364)	(43)	(715)
Recoveries	22	31	30	86
Provision	(2)	382	193	801
Ending balance	423	275	423	275
Period end amount allocated to
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	327		327		162
Purchase credit impaired	0		0		0
Loans
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	19,809		19,809		21,522
Purchase credit impaired	96		96		96
Loans	19,905		19,905		21,618
Consumer and other | Purchase credit impaired
Period end amount allocated to
Purchase credit impaired	96		96		81
Loans
Purchase credit impaired	96		96		96
Construction, land and land development
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	1,053	354	1,013	215
Charge-offs	0	(4)	0	(4)
Recoveries	70	12	85	25
Provision	2	397	27	523
Ending balance	1,125	759	1,125	759
Period end amount allocated to
Individually evaluated for impairment	0		0		0
Collectively evaluated for impairment	1,125		1,125		1,013
Purchase credit impaired	0		0		0
Loans
Individually evaluated for impairment	6,968		6,968		6,982
Collectively evaluated for impairment	111,881		111,881		114,017
Purchase credit impaired	7,058		7,058		7,076
Loans	118,940		118,940		121,093
Construction, land and land development | Purchase credit impaired
Period end amount allocated to
Purchase credit impaired	0		0		0
Loans
Purchase credit impaired	91		91		94
Other commercial real estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	7,128	4,821	6,880	3,908
Charge-offs	(36)	0	(36)	(30)
Recoveries	95	21	95	26
Provision	90	869	338	1,807
Ending balance	7,277	$ 5,711	7,277	$ 5,711
Period end amount allocated to
Individually evaluated for impairment	1,350		1,350		1,436
Collectively evaluated for impairment	5,889		5,889		5,444
Purchase credit impaired	1,350		1,350		1,436
Loans
Individually evaluated for impairment	11,793		11,793		17,430
Collectively evaluated for impairment	533,228		533,228		502,961
Purchase credit impaired	12,655		12,655		17,430
Loans	545,883		545,883		520,391
Other commercial real estate | Purchase credit impaired
Period end amount allocated to
Purchase credit impaired	38		38		0
Loans
Purchase credit impaired	$ 862		$ 862		$ 0

Allowance for Loan Losses - Nar

Allowance for Loan Losses - Narrative (Details)	Jun. 30, 2021USD ($)
Receivables [Abstract]
Outstanding balance of high risk loans, minimum	$ 250,000

Leases - Balance Sheet Classifi

Leases - Balance Sheet Classification of Operating Lease Right-of-use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets
Operating lease right-of-use assets	$ 324	$ 511
Liabilities
Operating lease liabilities	$ 332	$ 517
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Operating lease cost	$ 39	$ 64	$ 98	$ 116
Weighted average remaining lease term	1 year 8 months 26 days		1 year 8 months 26 days
Weighted average discount rate	1.34%		1.34%

Leases - Future Maturities of O

Leases - Future Maturities of Operating Lease Liabilities and Other Lease Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Lease Liability
2021	$ 165
2022	116
2024	54
Total lease payments	335
Less: interest	(3)
Present value of lease liabilities	332		$ 517
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases (cash payments)	92	$ 116
Operating cash flows from operating leases (lease liability addition)	0	110
Operating lease right-of-use assets obtained in exchange for leases entered into during the period	$ 170	$ 196

Borrowings - Summary of Other B

Borrowings - Summary of Other Borrowed Money (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Federal Home Loan Bank advances	$ 22,500	$ 22,500
Paycheck Protection Program Liquidity Facility	0	106,789
Other borrowings	37,292	37,792
Total borrowings	$ 59,792	$ 167,081

Borrowings - Narrative (Details

Borrowings - Narrative (Details)	Apr. 20, 2020USD ($)	May 01, 2019USD ($)arrangement	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Lendable collateral of loans			$ 88,600,000
Remaining credit available			426,500,000
Number of borrowing arrangements entered into | arrangement		2
Outstanding balance on line of credit			0
Line of credit, current borrowing capacity			41,500,000
Subordinated debt			24,200,000	$ 24,200,000
Federal Reserve Bank Advances
Debt Instrument [Line Items]
Short-term debt, borrowing capacity			0
Paycheck Protection Program, CARES Act
Debt Instrument [Line Items]
Debt instrument, stated interest rate	0.35%
Proceeds from line of credit	$ 140,700,000
Term Note
Debt Instrument [Line Items]
Line of credit, maximum amount		$ 10,000,000
Debt instrument, stated interest rate		4.70%
Notes payable balance			7,800,000
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 10,000,000
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%
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

Borrowings - Aggregate Stated M

Borrowings - Aggregate Stated Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Long-term Debt, Fiscal Year Maturity [Abstract]
PPPLF	$ 0	$ 106,789
Other borrowings
Long-term Debt, Fiscal Year Maturity [Abstract]
2021	5,313
2022	0
2023	3,000
2024	7,750
2025	4,500
2026 and After	39,229
Long-term debt	$ 59,792

Earnings Per Share - Summary of

Earnings Per Share - Summary of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator
Net income available to common stockholders	$ 3,997	$ 2,214	$ 8,917	$ 3,817
Weighted average number of common shares
Outstanding for basic earnings per common share (in shares)	9,498,783	9,498,783	9,498,783	9,498,783
Weighted-average number of shares outstanding for diluted earnings per common share (in shares)	9,498,783	9,498,783	9,498,783	9,498,783
Earnings per share - basic (in dollars per share)	$ 0.42	$ 0.23	$ 0.94	$ 0.40
Earnings per share - diluted (in dollars per share)	$ 0.42	$ 0.23	$ 0.94	$ 0.40

Commitments and Contingencies -

Commitments and Contingencies - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Other Commitments [Line Items]
Letters of credit	$ 5,200	$ 3,634
Loan Origination Commitments
Other Commitments [Line Items]
Loan commitments	$ 238,679	$ 198,029

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details)	6 Months Ended
	Jun. 30, 2021
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	Jun. 30, 2021	Dec. 31, 2020
Carrying Value
Assets
Cash and short-term investments	$ 146,266	$ 183,506
Investment securities available for sale, at fair value	469,714	380,814
Other investments, at cost	2,703	3,296
Loans held for sale	30,910	52,386
Loans, net	1,009,747	1,047,376
Liabilities
Deposits	1,542,214	1,445,027
Federal Home Loan Bank advances	22,500	22,500
Carrying Value | Paycheck Protection Program Liquidity Facility
Liabilities
Long-term debt		106,789
Carrying Value | Other borrowings
Liabilities
Long-term debt	37,292	37,792
Estimated Fair Value
Assets
Cash and short-term investments	146,266	183,506
Investment securities available for sale, at fair value	469,714	380,814
Other investments, at cost	2,703	3,296
Loans held for sale	30,910	52,386
Loans, net	1,021,651	1,063,785
Liabilities
Deposits	1,542,836	1,445,984
Federal Home Loan Bank advances	21,257	20,817
Estimated Fair Value | Paycheck Protection Program Liquidity Facility
Liabilities
Long-term debt		106,789
Estimated Fair Value | Other borrowings
Liabilities
Long-term debt	37,267	37,792
Estimated Fair Value | Level 1
Assets
Cash and short-term investments	146,266	183,506
Investment securities available for sale, at fair value	0	245
Other investments, at cost	0	0
Loans held for sale	0	0
Loans, net	0	0
Liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Estimated Fair Value | Level 1 | Paycheck Protection Program Liquidity Facility
Liabilities
Long-term debt		0
Estimated Fair Value | Level 1 | Other borrowings
Liabilities
Long-term debt	0	0
Estimated Fair Value | Level 2
Assets
Cash and short-term investments	0	0
Investment securities available for sale, at fair value	469,714	380,569
Other investments, at cost	2,703	3,296
Loans held for sale	30,910	52,386
Loans, net	0	0
Liabilities
Deposits	1,542,836	1,445,984
Federal Home Loan Bank advances	21,257	20,817
Estimated Fair Value | Level 2 | Paycheck Protection Program Liquidity Facility
Liabilities
Long-term debt		106,789
Estimated Fair Value | Level 2 | Other borrowings
Liabilities
Long-term debt	37,267	37,792
Estimated Fair Value | Level 3
Assets
Cash and short-term investments	0	0
Investment securities available for sale, at fair value	0	0
Other investments, at cost	0	0
Loans held for sale	0	0
Loans, net	1,021,651	1,063,785
Liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Estimated Fair Value | Level 3 | Paycheck Protection Program Liquidity Facility
Liabilities
Long-term debt
Estimated Fair Value | Level 3 | Other borrowings
Liabilities
Long-term debt	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments and Fair Value Measurements - Narrative (Details)	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair value input, discount amount	10.00%

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) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	$ 4,839	$ 5,939
Other real estate owned	270	1,006
Total nonrecurring assets	5,109	6,945
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	0	0
Other real estate owned	0	0
Total nonrecurring assets	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	0	0
Other real estate owned	0	0
Total nonrecurring assets	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent impaired loans	4,839	5,939
Other real estate owned	270	1,006
Total nonrecurring assets	$ 5,109	$ 6,945

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	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	$ 270	$ 1,006
Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent impaired loans	4,839	5,939
Level 3 | Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent impaired loans	4,839	5,939
Other real estate owned	$ 270	$ 1,006
Level 3 | Nonrecurring | Minimum | Measurement Input, Appraised Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent impaired loans, weighted average discount range	0.25	0.25
Other real estate owned, weighted average discount range	0	0
Level 3 | Nonrecurring | Maximum | Measurement Input, Appraised Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent impaired loans, weighted average discount range	1	1
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) - Available for Sale Securities $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning	$ 2,022
Transfers out of Level 3	0
Sales	0
Paydowns	(16)
Realized Loss on Sale of Security	0
Unrealized gains (losses) included in Other Comprehensive Income	0
Balance, Ending	$ 2,006

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)employee	Jun. 30, 2020USD ($)employee	Jun. 30, 2021USD ($)employee	Jun. 30, 2020USD ($)employee	Dec. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Net Interest Income	$ 15,069	$ 13,541	$ 29,300	$ 26,245
Provision for loan losses	0	2,200	500	4,156
Noninterest Income	7,751	4,843	16,352	9,404
Noninterest Expenses	17,465	13,375	33,219	26,753
Income Taxes	1,358	595	3,016	923
Segment Profit (Loss)	3,997	$ 2,214	8,917	$ 3,817
Segment assets	$ 1,755,518		$ 1,755,518		$ 1,763,974
Full time employees | employee	365	374	365	374
Bank
Segment Reporting Information [Line Items]
Net Interest Income	$ 14,864	$ 13,440	$ 28,797	$ 26,096
Provision for loan losses	0	2,200	500	4,156
Noninterest Income	3,354	2,901	6,384	5,950
Noninterest Expenses	13,366	10,158	25,298	21,825
Income Taxes	1,241	842	2,401	1,210
Segment Profit (Loss)	3,611	$ 3,141	6,982	$ 4,855
Segment assets	$ 1,710,345		$ 1,710,345		1,709,696
Full time employees | employee	291	321	291	321
Mortgage Banking
Segment Reporting Information [Line Items]
Net Interest Income	$ 123	$ 82	$ 291	$ 116
Provision for loan losses	0	0	0	0
Noninterest Income	2,997	1,821	6,983	3,074
Noninterest Expenses	2,887	1,697	5,680	2,892
Income Taxes	60	43	414	54
Segment Profit (Loss)	173	$ 163	1,180	$ 244
Segment assets	$ 25,149		$ 25,149		50,266
Full time employees | employee	51	40	51	40
Small Business Specialty Lending Division
Segment Reporting Information [Line Items]
Net Interest Income	$ 82	$ 19	$ 212	$ 33
Provision for loan losses	0	0	0	0
Noninterest Income	1,400	121	2,985	380
Noninterest Expenses	1,212	1,520	2,241	2,036
Income Taxes	57	(290)	201	(341)
Segment Profit (Loss)	213	$ (1,230)	755	$ (1,695)
Segment assets	$ 20,024		$ 20,024		$ 4,012
Full time employees | employee	23	13	23	13

Regulatory Capital Matters - Na

Regulatory Capital Matters - Narrative (Details)	Jan. 01, 2019	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	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Total Capital to Risk-Weighted Assets
Actual Amount	$ 163,144	$ 155,447
Actual Ratio	0.1456	0.1378
For Capital Adequacy Purposes, Amount	$ 89,640	$ 90,245
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
Tier 1 Capital to Risk-Weighted Assets
Actual Amount	$ 150,273	$ 143,320
Actual Ratio	0.1341	0.1271
For Capital Adequacy Purposes, Amount	$ 67,236	$ 67,657
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
Common Equity Tier 1 Capital to Risk-Weighted Assets
Actual Amount	$ 126,773	$ 119,820
Actual Ratio	0.1131	0.1062
For Capital Adequacy Purposes, Amount	$ 50,440	$ 50,771
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Tier 1 Capital to Average Assets
Actual Amount	$ 150,273	$ 143,320
Actual Ratio	0.0845	0.0849
For Capital Adequacy Purposes, Amount	$ 71,135	$ 67,524
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
Colony Bank
Total Capital to Risk-Weighted Assets
Actual Amount	$ 163,639	$ 164,050
Actual Ratio	0.1499	0.1455
For Capital Adequacy Purposes, Amount	$ 87,332	$ 90,199
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 109,165	$ 112,749
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.1000
Tier 1 Capital to Risk-Weighted Assets
Actual Amount	$ 150,946	$ 151,923
Actual Ratio	0.1385	0.1348
For Capital Adequacy Purposes, Amount	$ 65,392	$ 67,622
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 87,189	$ 90,162
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0800	0.0800
Common Equity Tier 1 Capital to Risk-Weighted Assets
Actual Amount	$ 150,946	$ 151,923
Actual Ratio	0.1385	0.1348
For Capital Adequacy Purposes, Amount	$ 49,044	$ 50,716
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 70,841	$ 73,257
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 Capital to Average Assets
Actual Amount	$ 150,946	$ 151,923
Actual Ratio	0.0884	0.0912
For Capital Adequacy Purposes, Amount	$ 68,301	$ 66,633
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 85,377	$ 83,291
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500	0.0500

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions	Aug. 01, 2021	Jul. 30, 2021	Jul. 22, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)				$ 0.1025	$ 0.10	$ 0.21	$ 0.20
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)			$ 0.1025
Subsequent Event | SouthCrest Financial Group, Inc.
Subsequent Event [Line Items]
Cash paid in exchange for each share (in dollars per share)	$ 10.45
Shares exchanged for each share (in shares)	0.7318
Percentage of shares that will be converted to cash consideration	27.50%
Percentage of shares that will be converted to common stock	72.50%
Stock price (in dollars per share)		$ 17.90
Value of combined stock-and-cash transaction		$ 96
Shares of stock issued (in shares)	4,000,000