Colony Bankcorp (CBAN) 10-K 14 Mar 24 2023 FY Annual report Financial data

Cover page

Cover page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Mar. 12, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 153.6
Entity Common Stock, Shares Outstanding		17,558,611
Documents Incorporated by Reference	Portions of the Registrant’s Proxy Statement for the 2024 Annual Meeting of Shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K to the extent stated herein. Such Proxy Statement will be filed with the Securities and Exchange Commission within 120 days after the end of the registrant’s fiscal year ended December 31, 2023.
Entity Central Index Key	0000711669
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	Mauldin & Jenkins, LLC	Mauldin & Jenkins, LLC
Auditor Firm ID	669	669
Auditor Location	Albany, Georgia	Albany, Georgia

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 25,339	$ 20,584
Interest-bearing deposits in banks and federal funds sold	57,983	60,094
Cash and cash equivalents	83,322	80,678
Investment securities available for sale, at fair value (amortized cost $455,294 and $490,206, respectively)	407,382	432,553
Investment securities held to maturity, at amortized cost (fair value $405,576 and $411,264, respectively)	449,031	465,858
Other investments	16,868	13,793
Loans held for sale	27,958	17,743
Loans, net of unearned income	1,883,470	1,737,106
Allowance for credit losses	(18,371)	(16,128)
Loans, net	1,865,099	1,720,978
Premises and equipment	39,870	41,606
Other real estate owned	448	651
Goodwill	48,923	48,923
Other intangible assets	4,192	5,664
Bank-owned life insurance	56,925	55,504
Deferred income taxes, net	25,405	28,199
Other assets	27,999	24,420
Total assets	3,053,422	2,936,570
Deposits:
Noninterest-bearing	498,992	569,170
Interest-bearing	2,045,798	1,921,827
Total deposits	2,544,790	2,490,997
Federal Home Loan Bank advances	175,000	125,000
Other borrowed money	63,445	78,352
Other liabilities	15,252	11,953
Total liabilities	2,798,487	2,706,302
Commitments and Contingencies (Note 14)
Stockholders’ equity
Preferred stock, stated value $1,000; 10,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2023 and 2022	0	0
Common stock, par value $1; 50,000,000 shares authorized, 17,564,182 and 17,598,123 shares issued and outstanding as of December 31, 2023 and 2022	17,564	17,598
Paid-in capital	168,614	167,537
Retained earnings	124,400	111,573
Accumulated other comprehensive loss, net of tax	(55,643)	(66,440)
Total stockholders’ equity	254,935	230,268
Total liabilities and stockholders’ equity	$ 3,053,422	$ 2,936,570

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Amortized Cost	$ 455,294	$ 490,206
Fair Value	$ 405,576	$ 411,264
Stockholders’ equity
Preferred stock, stated value (in dollars per share)	$ 1,000	$ 1,000
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)	50,000,000	50,000,000
Common stock, shares issued (in shares)	17,564,182	17,598,123
Common stock, shares outstanding (in shares)	17,564,182	17,598,123

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest income
Loans, including fees	$ 99,256	$ 70,764
Investment securities	23,319	19,887
Deposits with other banks and short term investments	2,341	886
Total interest income	124,916	91,537
Interest expense
Deposits	35,464	5,876
Federal funds purchased	147	54
Federal Home Loan Bank advances	6,763	2,564
Other borrowings	4,298	2,371
Total interest expense	46,672	10,865
Net Interest Income	78,244	80,672
Provision for credit losses	3,600	3,370
Net interest income after provision for loan losses	74,644	77,302
Noninterest income
Gain on sales of SBA loans	5,063	6,216
Loss on sales of securities	0	(82)
BOLI income	1,396	1,313
Insurance commissions	1,873	1,777
Other	3,976	995
Total noninterest income	35,634	35,025
Noninterest expenses
Salaries and employee benefits	49,233	52,809
Occupancy and equipment	6,283	6,534
Information technology expense	8,553	9,947
Professional fees	3,097	3,432
Advertising and public relations	3,486	3,664
Communications	947	1,602
Other	11,466	11,487
Total noninterest expense	83,065	89,475
Income before income taxes	27,213	22,852
Income taxes	5,466	3,310
Net income	$ 21,747	$ 19,542
Net income per share of common stock
Basic (in dollars per share)	$ 1.24	$ 1.14
Diluted (in dollars per share)	1.24	1.14
Cash dividends declared per share of common stock (in dollars per share)	$ 0.44	$ 0.43
Weighted average shares outstanding, basic (in shares)	17,578,294	17,191,079
Weighted average shares outstanding, diluted (in shares)	17,578,294	17,191,079
Service charges on deposits
Noninterest income
Non interest revenue from banking services	$ 8,735	$ 7,875
Mortgage fee income
Noninterest income
Non interest revenue from banking services	6,131	8,550
Interchange fees
Noninterest income
Non interest revenue from banking services	$ 8,460	$ 8,381

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 21,747	$ 19,542
Other comprehensive income (loss):
Net unrealized gains (losses) on investment securities arising during the period	11,440	(77,080)
Tax effect	(2,403)	10,790
Reclassification adjustment for amortization of unrealized holding (gains) losses from the transfer of securities from available for sale to held to maturity	2,641	6,925
Tax effect	(555)	(970)
Realized losses on sales of securities available for sale included in net income	0	82
Tax effect	0	(11)
Unrealized losses on derivative instruments designated as cash flow hedges	(64)	0
Tax effect	14	0
Realized gains on derivative instruments recognized in net income	(349)	0
Tax effect	73	0
Total other comprehensive income (loss)	10,797	(60,263)
Comprehensive income (loss)	$ 32,544	$ (40,721)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANEGS IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Revision of Prior Period, Accounting Standards Update, Adjustment	[1]	Preferred Stock	Common Stock	Paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Balance at beginning of period, preferred (in shares) at Dec. 31, 2021				0
Balance at beginning of period, common (in shares) at Dec. 31, 2021					13,673,898
Balance at beginning of period at Dec. 31, 2021	$ 217,707			$ 0	$ 13,674	$ 111,021	$ 99,189	$ (6,177)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(60,263)							(60,263)
Dividends on common shares	(7,158)						(7,158)
Issuance of common stock (in shares)					3,848,485
Issuance of common stock, net	59,468				$ 3,848	55,620
Issuance of restricted stock, net of forfeitures (in shares)					130,720
Issuance of restricted stock, net of forfeitures	0				$ 131	(131)
Tax withholding related to vesting of restricted stock (in shares)					(14,980)
Tax withholding related to vesting of restricted stock	(231)				$ (15)	(216)
Repurchase of shares (in shares)					(40,000)
Repurchase of shares	(540)				$ (40)	(500)
Stock-based compensation expense, net	1,743					1,743
Net income	$ 19,542						19,542
Balance at end of period, preferred (in shares) at Dec. 31, 2022	0			0
Balance at end of period, common (in shares) at Dec. 31, 2022	17,598,123				17,598,123
Balance at end of period at Dec. 31, 2022	$ 230,268	$ (1,198)		$ 0	$ 17,598	167,537	111,573	(66,440)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	10,797							10,797
Dividends on common shares	(7,722)						(7,722)
Issuance of restricted stock, net of forfeitures (in shares)					32,351
Issuance of restricted stock, net of forfeitures	0				$ 32	(32)
Tax withholding related to vesting of restricted stock (in shares)					(24,811)
Tax withholding related to vesting of restricted stock	(252)				$ (25)	(227)
Repurchase of shares (in shares)					(41,481)
Repurchase of shares	(406)				$ (41)	(365)
Stock-based compensation expense, net	1,701					1,701
Net income	$ 21,747						21,747
Balance at end of period, preferred (in shares) at Dec. 31, 2023	0			0
Balance at end of period, common (in shares) at Dec. 31, 2023	17,564,182				17,564,182
Balance at end of period at Dec. 31, 2023	$ 254,935			$ 0	$ 17,564	$ 168,614	$ 124,400	$ (55,643)
[1] (1) Represents the impact of the adoption of Accounting Standards Update ("ASU") No. 216-13: CECL

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 21,747	$ 19,542
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	3,600	3,370
Depreciation, amortization and accretion	8,702	11,629
Stock-based compensation expense	1,701	1,743
Loss on sales of securities available for sale	0	82
Net change in servicing asset	(416)	(554)
Loss on sales of other real estate and repossessions	70	0
Gain on sales of premises & equipment	(205)	(62)
Gain on sales of bank owned buildings and land	(249)	0
Change in bank owned life insurance	(1,421)	(1,353)
Equity method investment (loss) income	(169)	364
Deferred tax (benefit) expense	(485)	1,130
Donation of other real estate owned	0	35
Gain on sales of SBA loans	(5,063)	(6,216)
Origination of loans held for sale	(257,753)	(317,997)
Proceeds from sales of loans held for sale	252,601	344,620
Change in other assets	(3,163)	(7,593)
Change in other liabilities	1,486	1,001
Net cash provided by operating activities	20,983	49,741
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investment securities available for sale	(3,917)	(174,219)
Proceeds from maturities, calls, and paydowns of investment securities available for sale	36,711	54,859
Proceeds from sales of investment securities available for sale	0	60,924
Proceeds from maturities, calls, and paydowns of investment securities held to maturity	19,567	11,592
Net change in loans	(148,601)	(399,871)
Purchase of premises and equipment	(3,618)	(2,895)
Proceeds from sales of other real estate and repossessions	412	0
Redemption of other investments	800	3,306
Proceeds from bank owned life insurance	0	1,008
Purchase of Federal Home Loan Bank stock	(3,706)	(3,451)
Proceeds from sales of bank owned buildings and land	3,167	0
Proceeds from sales of premises and equipment	433	519
Net cash used in investing activities	(98,752)	(448,228)
CASH FLOWS FROM FINANCING ACTIVITIES
Change in noninterest-bearing customer deposits	(70,178)	16,594
Change in interest-bearing customer deposits	123,971	99,795
Dividends paid on common stock	(7,722)	(7,158)
Proceeds from Federal Home Loan Bank advances	785,000	430,000
Repayments of Federal Home Loan Bank advances	(735,000)	(357,500)
Issuance of subordinated debt, net	0	39,068
Proceeds from other borrowings	450,000	162,437
Repayments on other borrowings	(465,000)	(160,000)
Issuance of common stock	0	59,468
Repurchase of shares	(406)	(540)
Cash paid for tax withholding related to vesting of restricted stock	(252)	(231)
Net cash provided by financing activities	80,413	281,933
Net increase (decrease) in cash and cash equivalents	2,644	(116,554)
Cash and cash equivalents at beginning of period	80,678	197,232
Cash and cash equivalents at end of period	83,322	80,678
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for interest	44,855	10,222
Cash paid during the period for income taxes	5,209	3,836
NONCASH INVESTING AND FINANCING ACTIVITIES
Transfers to other real estate	3,083	405
Change in goodwill	0	(3,984)
Carrying amount of securities AFS transferred to HTM, net of $34.0 million unrealized loss	$ 0	$ 510,956

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parentheticals) - USD ($) $ in Millions	8 Months Ended	12 Months Ended
	Sep. 01, 2022	Dec. 31, 2022
Statement of Cash Flows [Abstract]
Available-for-sale to held-to-maturity, transfer unrealized loss	$ 34	$ 34

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business Colony Bankcorp, Inc. and subsidiaries (the “Company”) is a financial holding company headquartered in Fitzgerald, Georgia, whose primary business is presently conducted by Colony Bank, its wholly owned banking subsidiary (the “Bank”). The Company operates locations throughout Georgia and has expanded its presence in 2023 to serve Birmingham, Alabama, as well as Tallahassee and the Florida Panhandle. Through the Bank, the Company offers a broad range of banking solutions for personal and business customers. In addition to traditional banking services, the Bank provides specialized solutions including mortgage, government guaranteed lending, wealth management, and merchant services. The Company also provides an option for its customers to purchase insurance services including vehicle, home, renters and life insurance. Additionally, 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. The Company is subject to the regulations of certain state and federal agencies and are periodically examined by those regulatory agencies. Basis of Presentation and Accounting Estimates The consolidated financial statements include the accounts of Colony Bankcorp, Inc. and its wholly owned subsidiaries, Colony Bank and Colony Risk Management. All significant intercompany transactions and balances have been eliminated in consolidation. In preparing the consolidated financial statements in conformity with generally accepted accounting principles in the United States, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Transfer of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Cash and Cash Equivalents For purposes of reporting cash flow, cash and cash equivalents include cash on hand, cash items in process of collection, amounts due from banks, interest-bearing deposits in banks and federal funds sold. Investment Securities The Company classifies its debt securities in one of three categories: (i) trading, (ii) held to maturity or (iii) available for sale. Trading securities are bought and held principally for the purpose of selling them in the near term. Held to maturity securities are those securities for which the Company has the ability and intent to hold until maturity. All other debt securities are classified as available for sale. As of the periods ended December 31, 2023 and 2022, debt securities were classified as either held to maturity or available for sale. Available for sale securities are carried at fair value. Unrealized holding gains and losses, net of the related deferred tax effect, on available for sale securities are excluded from earnings and are reported in other comprehensive income as a separate component of shareholders’ equity until realized. Held to maturity securities are carried at amortized cost. Transfers of securities between categories are recorded at fair value at the date of transfer. Unrealized holding gains or losses associated with transfers of securities from held to maturity to available for sale are recorded as a separate component of shareholders’ equity. These unrealized holding gains or losses are amortized into income over the remaining life of the security as an adjustment to the yield in a manner consistent with the amortization or accretion of the original purchase premium or discount on the associated security. The amortization of premiums and accretion of discounts are recognized in interest income using methods approximating the interest method over the expected life of the securities. Realized gains and losses, determined on the basis of the cost of specific securities sold, are included in earnings on the trade date. The Company has made a policy election to exclude accrued interest from the amortized cost basis of debt securities and report accrued interest in other assets in the consolidated balance sheets. A debt security is placed on nonaccrual status at the time any principal or interest payments become more than 90 days delinquent or if full collection of interest or principal becomes uncertain. Accrued interest for a security placed on nonaccrual is reversed against interest income. There was no accrued interest related to debt securities reversed against interest income for the years ended December 31, 2023 and 2022. Accrued interest receivable on debt securities totaled $4.3 million and $4.5 million as of December 31, 2023 and 2022, respectively. The Company evaluates available for sale securities in an unrealized loss position to determine if credit-related impairment exists. The Company first evaluates whether it intends to sell or more likely than not will be required to sell an impaired security before recovering its amortized cost basis. If either criteria is met, the entire amount of unrealized loss is recognized in earnings with a corresponding adjustment to the security's amortized cost basis. If either of the above criteria is not met, the Company evaluates whether the decline in fair value is attributable to credit or resulted from other factors. If credit-related impairment exists, the Company recognizes an allowance for credit losses ("ACL"), limited to the amount by which the fair value is less than the amortized cost basis. Any impairment not recognized through an ACL is recognized in other comprehensive income, net of tax, as a non credit-related impairment. As of December 31, 2023 and 2022, the Company had $407.4 million and $432.6 million available for sale securities, respectively, with no related allowance for credit losses. The Company uses a systematic methodology to determine its ACL for debt securities held to maturity considering the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the portfolio. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the held to maturity portfolio. The Company monitors the held to maturity portfolio on a quarterly basis to determine whether a valuation account would need to be recorded. As of December 31, 2023 and 2022, the Company had $449.0 million and $465.9 million held to maturity securities, respectively, with no related allowance for credit losses. Other Investments Other investments include managed investment funds which are carried at their fair value and unrealized gains or losses are recorded through earnings as a component of noninterest income. Federal Home Loan Bank (“FHLB”) and First National Bankers Bank ("FNBB") stock are also included in other investments. These investments do not have a readily determinable market value due to restrictions placed on transferability and therefore are carried at cost. These other investments are periodically evaluated for credit-related impairment based on ultimate recovery of par value or cost basis. Both cash and stock dividends are reported as income. Loans Held for Sale Mortgage and SBA loans held for sale are carried at the lower of aggregate cost or estimated fair value, as determined by outstanding commitments from third party investors in the secondary market. Adjustments to reflect unrealized gains and losses resulting from changes in fair value of mortgage loans held for sale and realized gains and losses upon ultimate sale of the mortgage loans held for sale are classified as mortgage fee income in the consolidated statements of income. Adjustments to reflect unrealized gains and losses resulting from changes in fair value of SBA loans held for sale and realized gains and losses upon ultimate sale of the SBA loans held for sale are classified as gain on sale of SBA loans in the consolidated statements of income. Servicing Rights When mortgage and SBA loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in mortgage banking activity or gain on sale of SBA loans accordingly. Fair value is based on market prices for comparable servicing contracts, when available or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing fee income, which is reported on the income statement in mortgage banking activity for serviced mortgage loans and other noninterest income for all other serviced loans, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of servicing rights is netted against loan servicing fee income. Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is determined by stratifying rights into strata based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized for a particular stratum through a valuation allowance, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular stratum, a reduction of the valuation allowance may be recorded as an increase to income. Changes in valuation allowances related to servicing rights are reported in mortgage banking activity and other noninterest income on the income statement. The Company's servicing rights are a result of SBA loans that are sold with servicing retained and are recorded at fair value and follow the amortization method. As of December 31, 2023 and 2022, the Company had $2.3 million and $1.9 million in servicing rights, respectively, and no related valuation allowance. Loans Loans are reported at their outstanding principal balances less unearned income, net of deferred fees and origination costs. Interest income is accrued on the outstanding principal balance. For all classes of loans, the accrual of interest on loans is discontinued when, in management’s opinion, the borrower may be unable to make payments as they become due, unless the loan is well secured and in the process of collection. Generally, loans are placed on nonaccrual status if principal or interest payments become 90 days past due. Loans may be placed on nonaccrual status regardless of whether such loans are considered past due. All interest accrued, but not collected for loans that are placed on nonaccrual or charged off, is reversed against interest income. Interest income on nonaccrual loans is applied against principal until the loans are returned to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Credit Losses ("ACL") – Loans The current expected credit loss (“CECL”) approach requires an estimate of the credit losses expected over the life of an exposure (or pool of exposures). It replaced the incurred loss approach’s threshold that delayed the recognition of a credit loss until it was probable a loss event was incurred. The estimate of expected credit losses is based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. Historical loss experience is generally the starting point for estimating expected credit losses. The Company then considers whether the historical loss experience should be adjusted for asset-specific risk characteristics or current conditions at the reporting date that did not exist over the historical period used. The Company also considers future economic conditions and portfolio performance as part of a reasonable and supportable forecast period. The ACL is a valuation account that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the ACL when management believes the uncollectibility of a loan balance is confirmed. Accrued interest receivable is excluded from the estimate of credit losses. Management determines the ACL balance using relevant available information from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit behaviors along with model judgments provide the basis for the estimation of expected credit losses. Adjustments to modeled loss estimates may be made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environmental conditions, such as changes in economic conditions, property values, or other relevant factors. For the majority of loans and leases the ACL is calculated using a discounted cash flow methodology applied at a loan level with a one-year reasonable and supportable forecast period and a two-year straight-line reversion period. The ACL-loans is measured on a collective basis when similar risk characteristics exist. The Company has identified the following portfolio segments and calculates the ACL for each using a discounted cash flow methodology at the loan level, with loss rates, prepayment assumptions and curtailment assumptions driven by each loan’s collateral type: • Construction, land & land development - Risks common to construction, land & development loans are cost overruns, changes in market demand for property, inadequate long-term financing arrangements and declines in real estate values. • Other commercial real estate - Loans in this category are susceptible to business failures and declines in general economic conditions, including declines in real estate value, declines in occupancy rates, and lack of suitable alternative use for the property. • Residential real estate - Residential real estate loans are susceptible to weakening general economic conditions, increases in unemployment rates and declining real estate values. • Commercial, financial & agricultural - Risks to this loan category include the inability to monitor the condition of the collateral, which often consists of inventory, accounts receivable and other non-real estate assets. Equipment and inventory obsolescence can also pose a risk. Declines in general economic conditions and other events can cause cash flows to fall to levels insufficient to service debt. • Consumer and other - Risks common to consumer direct loans include unemployment and changes in local economic conditions as well as the inability to monitor collateral consisting of personal property. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Allowance for Credit Losses – Off-Balance Sheet Credit Exposures Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and standby letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Management estimates expected credit losses on commitments to extend credit over the contractual period during which the Company is exposed to credit risk on the underlying commitments. The ACL on off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The ACL is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to fund. Allowance for Credit Losses – Held-to-Maturity Securities ("HTM") Management measures current expected credit losses on HTM debt securities on a collective basis by major security type. The estimate of current expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Management classifies the HTM portfolio into the following major security types: U.S. Treasury securities, U.S. agency securities, State, county & municipal securities, and Mortgage-backed securities. Accrued interest receivable on HTM debt is excluded from the estimate of credit losses. All of the residential and commercial mortgage-backed securities held by the Company as HTM are issued by U.S. Government agencies and government sponsored entities. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The state and political subdivision securities are also highly rated by major rating agencies. Allowance for Credit Losses – Available-for-Sale Securities ("AFS") For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or whether it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any amount of unrealized loss that has not been recorded through an ACL is recognized in other comprehensive income. Accrued interest receivable on AFS debt securities is excluded from the estimate of credit losses. Changes in the ACL are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the ACL when management believes the uncollectibility of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Premises and Equipment Land is carried at cost. Other premises and equipment are carried at cost, less accumulated depreciation computed on the straight-line method over the estimated useful lives of the assets. In general, estimated lives for buildings are up to 40 years, furniture and equipment useful lives range from five three Leases The Company has entered into various operating leases for certain branch locations, ATM locations, loan production offices, and corporate support services locations. Generally, these leases have initial lease terms of 6 years or less. Many of the leases have one or more lease renewal options. The exercise of lease renewal options is at the Company's sole discretion and is considered on a case-by-case basis. Certain of our lease agreements contain early termination options. If renewal options or early termination options are determined by management to be reasonably certain, then they are included in the calculation of the operating right-of-use assets or operating lease liabilities. Certain of our lease agreements provide for periodic adjustments to rental payments for inflation. At the commencement date of the lease, the Company recognizes a lease liability at the present value of the lease payments not yet paid, discounted using the discount rate for the lease or the Company’s incremental borrowing rate. As the majority of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate at the commencement date in determining the present value of lease payments. The incremental borrowing rate is based on the term of the lease. At the commencement date, the company also recognizes a right-of-use asset measured at (i) the initial measurement of the lease liability; (ii) any lease payments made to the lessor at or before the commencement date less any lease incentives received; and (iii) any initial direct costs incurred by the lessee. Leases with an initial term of 12 months or less are not recorded on the balance sheet. For these short-term leases, lease expense is recognized on a straight-line basis over the lease term. At December 31, 2023, the Company had no leases classified as finance leases. Goodwill and Intangible Assets Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired. Goodwill is assigned to reporting units and tested for impairment at least annually, or on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value. Intangible assets consist of core deposit and customer relationship intangibles acquired in connection with a business combination. The core deposit intangible is initially recognized based on an independent valuation performed as of the acquisition date. The core deposit intangible is amortized by the straight-line method over the average remaining life of the acquired customer deposits. The customer relationship intangible is associated with the acquisition of several insurance companies during 2021. The customer intangible assets were also initially recognized based on independent valuations performed as of the acquisition date and are being amortized by the straight-line method over 10 years. Cash Value of Bank Owned Life Insurance The Company has purchased life insurance policies on certain officers. The life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Other Real Estate Other real estate generally represents real estate acquired through foreclosure and is initially recorded at estimated fair value at the date of acquisition less the cost of disposal. Losses from the acquisition of property in full or partial satisfaction of debt are recorded as loan losses. Properties are evaluated regularly to ensure the recorded amounts are supported by current fair values, and valuation allowances are recorded as necessary to reduce the carrying amount to fair value less estimated cost of disposal. Routine holding costs and gains or losses upon disposition are included in foreclosed property expense. Derivatives The Company records cash flow hedges at the inception of a derivative contract based on management’s intentions and belief as to the likely effectiveness of the hedge. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is recorded in other comprehensive income ("OCI") and is reclassified into earnings in the same period during which the hedged transaction affects earnings. The changes in the fair value of a derivative that is not highly effective in hedging the expected cash flows of the hedged item are recognized immediately as interest expense in the consolidated statements of income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income or noninterest expense. Cash flows from hedges are classified in the consolidated statements of cash flows in the same manner as the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged item. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in cash flows of the hedged item, the derivative is settled or terminated, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as interest expense. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in OCI are amortized into earnings over the same periods which the hedged transactions will affect earnings. Income Taxes The provision for income taxes is based upon income for financial statement purposes, adjusted for nontaxable income and nondeductible expenses. Deferred income taxes have been provided when different accounting methods have been used in determining income for income tax purposes and for financial reporting purposes. Deferred tax assets and liabilities are recognized based on future tax consequences attributable to differences arising from the financial statement carrying values of assets and liabilities and their tax basis. The differences relate primarily to depreciable assets (use of different depreciation methods for financial statement and income tax purposes) and allowance for credit losses (use of the allowance method for financial statement purposes and the direct write-off method for tax purposes). In the event of changes in the tax laws, deferred tax assets and liabilities are adjusted in the period of the enactment of those changes, with effects included in the income tax provision. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company and its subsidiary file a consolidated federal income tax return. The subsidiary pays its proportional share of federal income taxes to the Company based on its taxable income. The Company’s federal and state income tax returns for tax years 2023, 2022, 2021 and 2020 are subject to examination by the Internal Revenue Service (IRS) and the Georgia Department of Revenue, generally for three years after filing. The Company believes that its income tax filing positions taken or expected to be taken on its tax returns will more likely than not be sustained upon audit by the taxing authorities and does not anticipate any adjustments that will result in a material adverse impact on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded. Revenue Recognition The Company's contracts with customers generally do not contain terms that require significant judgment to determine the amount of revenue to recognize. The Company's' policies for recognizing noninterest income that falls within the scope of ASC Topic 606, and include service charges on deposits, interchange fees, and insurance revenue (included with other noninterest income). Service charges on deposits include both account maintenance fees and overdraft fees and revenue from safe deposit box rental fees and lockbox services and ATM fees. Revenue is recognized for these services either over time, corresponding with deposit accounts' monthly cycle, or at a point in time for transaction-related services and fees. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to clients' accounts. Safe deposits and lockbox service fees are recognized over time, on a monthly basis, as the Company's' performance obligation for services is satisfied. ATM fees are transaction-based fees recognized at the time the transaction is executed as that is the point at which the Company satisfies the performance obligation. Interchange fees include debit card interchange fees. Debit card interchange fees are earned from debit card holder transactions conducted through various payment networks. Interchange fees from debit card holders transactions represent a percentage of the underlying transaction amount and are recognized daily, concurrently with the transaction processing services provided to the debit cardholder. Other income includes insurance revenue (included in other noninterest income on the consolidated statements of income): Insurance revenue primarily consists of commissions received on insurance products sold. The commissions are recognized as revenue when the client executes an insurance policy with the insurance carrier. In some cases, the company receives payment of trailing commissions each year when the client pays its annual premium. Earnings per Share Basic earnings per share are computed by dividing net income allocated to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share are computed by dividing net income allocated to common shareholders by the sum of the weighted-average number of shares of common stock outstanding and the effect of the issuance of potential common shares that are dilutive. Potential common shares consist of restricted shares for the years ended December 31, 2023 and 2022, and are determined using the treasury stock method. The Company has determined that its outstanding non-vested stock awards are participating securities, and all dividends on these awards are paid similar to other dividends. Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on securities available for sale, represent equity changes from economic events of the period other than transactions with owners. Such items are considered components of other comprehensive income (loss). Accounting standards codification requires the presentation in the consolidated financial statements of net income and all items of other comprehensive income as total comprehensive income (loss). Fair Value Measures Fair values of assets and liabilities are estimated using relevant market informat

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The amortized cost and estimated fair value of securities available-for-sale and held-to-maturity, along with gross unrealized gains and losses are summarized as follows: (dollars in thousands) December 31, 2023 Amortized Cost Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 500 $ — $ (2) $ 498 U.S. agency securities 4,500 — (361) 4,139 Asset backed securities 25,035 — (405) 24,630 State, county and municipal securities 124,524 6 (15,494) 109,036 Corporate debt securities 53,834 16 (6,460) 47,390 Mortgage-backed securities 246,901 36 (25,248) 221,689 Total $ 455,294 $ 58 $ (47,970) $ 407,382 December 31, 2023 Gross Gross Securities Held to Maturity: U.S. treasury securities $ 93,306 $ — $ (3,212) $ 90,094 U.S. agency securities 16,282 — (1,424) 14,858 State, county & municipal securities 136,685 356 (13,859) 123,182 Mortgage-backed securities 202,758 — (25,316) 177,442 Total $ 449,031 $ 356 $ (43,811) $ 405,576 December 31, 2022 Amortized Cost Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 1,644 $ — $ (22) $ 1,622 U.S. agency securities 5,035 — (450) 4,585 Asset backed securities 31,468 — (1,480) 29,988 State, county and municipal securities 126,119 — (21,363) 104,756 Corporate debt securities 54,741 164 (5,320) 49,585 Mortgage-backed securities 271,199 9 (29,191) 242,017 Total $ 490,206 $ 173 $ (57,826) $ 432,553 December 31, 2022 Gross Gross Securities Held to Maturity: U.S. treasury securities $ 91,615 $ — $ (4,149) $ 87,466 U.S. agency securities 16,409 — (1,838) 14,571 State, county & municipal securities 136,138 32 (19,518) 116,652 Mortgage-backed securities 221,696 — (29,121) 192,575 Total $ 465,858 $ 32 $ (54,626) $ 411,264 The Company elected to exclude accrued interest receivable from the amortized cost basis of available-for-sale and held-to-maturity securities disclosed throughout this note. As of December 31, 2023 and December 31, 2022, accrued interest receivable for available-for-sale and held-to-maturity securities totaled $2.4 million and $2.6 million, and $1.9 million and $1.9 million, respectively, and is included in the " other assets The Company transferred certain agency-issued securities from the available-for-sale to held-to-maturity portfolio on January 1, 2022 and September 1, 2022, having a combined book value of approximately $511.0 million and a combined market value of approximately $477.0 million. As of the date of each transfer, the related pre-tax net unrecognized losses of approximately $34.0 million included in other comprehensive loss and remained in other comprehensive loss, to be amortized out of other comprehensive loss over the remaining term of the securities using the effective interest method. This transfer was completed after careful consideration of the Company’s intent and ability to hold these securities to maturity. Factors used in assessing the ability to hold these securities to maturity were future liquidity needs and sources of funding. The Company has had no other transfers of securities since September 1, 2022. Information pertaining to available-for-sale securities with gross unrealized losses at December 31, 2023 and December 31, 2022 aggregated by investment category and length of time that securities have been in a continuous unrealized loss position are summarized as follows: Less Than 12 Months 12 Months or More Total (dollars in thousands) Estimated Unrealized Losses Estimated Unrealized Losses Estimated Unrealized Losses December 31, 2023 U.S. treasury securities $ — $ — $ 498 $ (2) $ 498 $ (2) U.S. agency securities — — 4,139 (361) 4,139 (361) Asset backed securities 6,196 (75) 17,424 (330) 23,620 (405) State, county and municipal securities 1,033 (138) 107,443 (15,356) 108,476 (15,494) Corporate debt securities 1,446 (105) 45,044 (6,355) 46,490 (6,460) Mortgage-backed securities 5,921 (49) 212,876 (25,199) 218,797 (25,248) Total debt securities $ 14,596 $ (367) $ 387,424 $ (47,603) $ 402,020 $ (47,970) December 31, 2022 U.S. treasury securities $ 1,377 $ (17) $ 245 $ (5) $ 1,622 $ (22) U.S. agency securities 3,221 (257) 1,364 (193) 4,585 (450) Asset backed securities 10,780 (319) 19,208 (1,161) 29,988 $ (1,480) State, county and municipal securities 29,284 (3,629) 75,472 (17,734) 104,756 $ (21,363) Corporate debt securities 17,258 (1,463) 30,651 (3,857) 47,909 (5,320) Mortgage-backed securities 122,031 (7,890) 119,409 (21,301) 241,440 (29,191) Total debt securities $ 183,951 $ (13,575) $ 246,349 $ (44,251) $ 430,300 $ (57,826) Information pertaining to held-to-maturity securities with gross unrealized losses at December 31, 2023 and December 31, 2022 aggregated by investment category and length of time that individual securities have been in a continuous loss position is summarized as follows: Less Than 12 Months 12 Months or Greater Total (dollars in thousands) Fair Gross Fair Gross Fair Gross December 31, 2023 U.S. treasury securities $ — $ — $ 90,094 $ (3,212) $ 90,094 $ (3,212) U.S. agency securities — — 14,858 (1,424) 14,858 (1,424) State, county & municipal securities 1,461 (78) 103,500 (13,781) 104,961 (13,859) Mortgage-backed securities — — 177,442 (25,316) 177,442 (25,316) $ 1,461 $ (78) $ 385,894 $ (43,733) $ 387,355 $ (43,811) December 31, 2022 U.S. treasury securities $ — $ — $ 87,466 $ (4,149) $ 87,466 $ (4,149) U.S. agency securities — — 14,571 (1,838) 14,571 (1,838) State, county & municipal securities 9,858 (1,392) 105,734 (18,126) 115,592 (19,518) Mortgage-backed securities 13,580 (729) 178,995 (28,392) 192,575 (29,121) $ 23,438 $ (2,121) $ 386,766 $ (52,505) $ 410,204 $ (54,626) Management evaluates available for sale securities in an unrealized loss position at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation to determine if credit-related impairment exists. Management first evaluates whether they intend to sell or more likely than not will be required to sell an impaired security before recovering its amortized cost basis. If either criteria is met, the entire amount of unrealized loss is recognized in earnings with a corresponding adjustment to the security's amortized cost basis. If either of the above criteria is not met, management evaluates whether the decline in fair value is attributable to credit or resulted from other factors. The Company does not intend to sell these investment securities at an unrealized loss position at December 31, 2023, and it is more likely than not that the Company will not be required to sell these securities prior to recovery or maturity. Based on management's review, the Company's available for sale securities have no expected credit losses and no related allowance for credit losses has been established. The Company uses a systematic methodology to determine its ACL for debt securities held to maturity considering the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the portfolio. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the held to maturity portfolio. The Company monitors the held to maturity portfolio on a quarterly basis to determine whether a valuation account would need to be recorded. Based on management's review, the Company's held to maturity securities have no expected credit losses and no related allowance for credit losses has been established. At December 31, 2023, there were 273 available-for-sale securities and 146 held-to-maturity securities that have unrealized losses from the Company’s amortized cost basis. These securities are guaranteed by either the U.S. Government, other governments or U.S. corporations. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred and the results of reviews of the issuer’s financial condition. The unrealized losses are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased. As management has the ability to hold debt securities until maturity, or for the foreseeable future if classified as available-for-sale, no declines are due to reasons of credit quality. The amortized cost and fair value of investment securities as of December 31, 2023, 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. Available for Sale Held to Maturity (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 715 $ 713 $ 3,937 $ 3,882 Due after one year through five years 15,714 14,697 94,194 90,873 Due after five years through ten years 102,474 88,639 76,529 68,260 Due after ten years 89,490 81,644 71,613 65,119 $ 208,393 $ 185,693 $ 246,273 $ 228,134 Mortgage-backed securities 246,901 221,689 202,758 177,442 $ 455,294 $ 407,382 $ 449,031 $ 405,576 The Company had no sales of investment securities in 2023. For the year ended 2022, proceeds from sales of investments available for sale were $60.9 million. Gross realized gains totaled $24,000 and gross realized losses totaled $106,000 in 2022. Investment securities having a carrying value totaling $429.9 million and $541.8 million as of December 31, 2023 and 2022, respectively, were pledged to secure public deposits and for other purposes. The Company adopted ASU 2016-13 Financial Instruments - Credit Losses (Topic 326), as amended on January 1, 2023 which included evaluation of expected credit losses on debt securities. As part of the Company's calculated credit losses, the allowance for credit losses on investment securities was determined to be de minimis due to the high credit quality of the portfolio, which includes securities issued or guaranteed by the U.S. Treasury, U.S. Government agencies and high quality municipalities. Therefore, no allowance for credit losses was recorded as of December 31, 2023. See Note 1 for additional details on the allowance for credit losses as it relates to the securities portfolio.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
LOANS	LOANS The following table presents the composition of loans segregated by class of loans, as of December 31, 2023 and 2022. (dollars in thousands) December 31, 2023 December 31, 2022 Construction, land & land development $ 247,146 $ 229,435 Other commercial real estate 974,375 975,447 Total commercial real estate 1,221,521 1,204,882 Residential real estate 356,234 290,054 Commercial, financial & agricultural(*) 242,756 223,923 Consumer and other 62,959 18,247 Total loans $ 1,883,470 $ 1,737,106 (*) Includes $95,000 in PPP loans as of December 31, 2022. Included in the above table are government guaranteed loans totaling $86.8 million at December 31, 2023 and $58.4 million at December 31, 2022. The following table presents the composition of government guaranteed loans segregated by class of loans for each respective period. (dollars in thousands) December 31, 2023 December 31, 2022 Construction, land & land development $ 7,027 $ 5,888 Other commercial real estate 40,852 32,642 Total commercial real estate 47,879 38,530 Residential real estate 12,170 8,036 Commercial, financial & agricultural 26,716 11,787 Total loans $ 86,765 $ 58,353 The Company elected to exclude accrued interest receivable from the amortized cost basis of loans disclosed throughout this note. As of December 31, 2023 and 2022, respectively, accrued interest receivable for loans totaled $8.8 million and $6.8 million and is included in the "other assets" line item on the Company's consolidated balance sheet. Commercial, financial and agricultural loans are extended to a diverse group of businesses within the Company’s market area. These loans are often underwritten based on the borrower’s ability to service the debt from income from the business. Real estate construction loans often require loan funds to be advanced prior to completion of the project. Due to uncertainties inherent in estimating construction costs, changes in interest rates and other economic conditions, these loans often pose a higher risk than other types of loans. Consumer loans are originated at the bank level. These loans are generally smaller loan amounts spread across many individual borrowers to help minimize risk. Credit Quality Indicators. 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 a risk grading matrix to assign a risk grade to each of its loans. Loans are graded on a scale of 1 to 10. A description of the general characteristics of the grades is as follows: • Grades 1, 2 and 3 - Borrowers with these assigned risk grades range 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 4 and 5 - 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. These loans are also included in the “pass” classification. • Grade 6 - 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. • Grades 7 and 8 - These grades 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 grade 8, and these loans often have assigned loss allocations as part of the allowance for credit losses. Generally, loans on which interest accrual has been stopped would be included in this grade. • Grades 9 and 10 - 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, and generally the Company has no loans with these assigned grades. 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 7 or 8. The following table presents the loan portfolio segregated by class of loans and the risk category of term loans by vintage year, which is the year of origination or most recent renewal, as of December 31, 2023. Those loans with a risk grade of 1, 2, 3, 4 and 5 have been combined in the pass column for presentation purposes. There were no loans with a risk rating of "doubtful" or "loss" at December 31, 2023. Term Loans Amortized Cost Basis by Origination Year (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolvers Revolvers converted to term loans Total December 31, 2023 Construction, land & land development Risk rating Pass $ 112,587 $ 91,981 $ 27,332 $ 5,654 $ 1,000 $ 5,765 $ 605 $ 31 $ 244,955 Special Mention 792 — 25 — — 29 282 — 1,128 Substandard — 888 4 — 20 151 — — 1,063 Total Construction, land & land development 113,379 92,869 27,361 5,654 1,020 5,945 887 31 247,146 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial real estate Risk rating Pass 61,816 341,656 204,145 88,629 79,123 145,374 24,158 2,031 946,932 Special Mention 75 3,251 766 2,113 5,733 4,694 545 48 17,225 Substandard 2,303 2,615 211 — 486 4,395 208 — 10,218 Total Other commercial real estate 64,194 347,522 205,122 90,742 85,342 154,463 24,911 2,079 974,375 Current period gross write offs — — 69 — — — — — 69 Residential real estate Risk rating Pass 78,088 116,704 50,986 21,892 8,510 43,038 22,642 100 341,960 Special Mention 856 466 10 50 679 4,687 424 — 7,172 Substandard — 1,169 384 296 272 4,735 246 — 7,102 Total Residential real estate 78,944 118,339 51,380 22,238 9,461 52,460 23,312 100 356,234 Current period gross write offs 253 492 26 — — — — — 771 Commercial, financial & agricultural Risk rating Pass 66,820 51,439 21,673 12,489 4,734 14,002 58,607 306 230,070 Special Mention 4,186 894 376 745 188 40 974 — 7,403 Substandard 164 1,872 1,979 190 25 165 866 22 5,283 Total Commercial, financial & agricultural 71,170 54,205 24,028 13,424 4,947 14,207 60,447 328 242,756 Current period gross write offs 150 168 408 200 9 134 — — 1,069 Consumer and other Risk rating Pass 53,117 4,021 2,004 1,240 925 908 462 1 62,678 Special Mention 79 42 38 12 25 1 — — 197 Substandard 43 20 3 5 4 9 — — 84 Total Consumer and other 53,239 4,083 2,045 1,257 954 918 462 1 62,959 Current period gross write offs 9 12 10 2 — 2 — — 35 Total Loans Risk rating Pass 372,428 605,801 306,140 129,904 94,292 209,087 106,474 2,469 1,826,595 Special Mention 5,988 4,653 1,215 2,920 6,625 9,451 2,225 48 33,125 Substandard 2,510 6,564 2,581 491 807 9,455 1,320 22 23,750 Total Loans $ 380,926 $ 617,018 $ 309,936 $ 133,315 $ 101,724 $ 227,993 $ 110,019 $ 2,539 $ 1,883,470 Total current period gross write offs $ 412 $ 672 $ 513 $ 202 $ 9 $ 136 $ — $ — $ 1,944 The following table presents the loan portfolio by credit quality indicator (risk grade) as of December 31, 2022. Those loans with a risk grade of 1, 2, 3, 4, and 5 have been combined in the pass column for presentation purposes. There were no loans with a risk rating of “doubtful” or “loss” at December 31, 2022. (dollars in thousands) Pass Special Substandard Total Loans December 31, 2022 Construction, land & land development $ 228,494 $ 290 $ 651 $ 229,435 Other commercial real estate 951,126 17,562 6,759 975,447 Total commercial real estate 1,179,620 17,852 7,410 1,204,882 Residential real estate 277,930 6,574 5,550 290,054 Commercial, financial & agricultural 220,908 885 2,130 223,923 Consumer and other 18,157 54 36 18,247 Total loans $ 1,696,615 $ 25,365 $ 15,126 $ 1,737,106 A loan’s risk grade is assigned at the inception of the loan and is based on the financial strength of the borrower and the type of collateral. Loan risk grades are subject to reassessment at various times throughout the year as part of the Company’s ongoing loan review process. Loans with an assigned risk grade of 7 or worse and an outstanding balance of $500,000 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 credit loss determination. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Generally, 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 provision. Loans may be placed on nonaccrual status regardless of whether such loans are considered past due. Loans are classified as collateral-dependent when the borrower is experiencing financial difficulty, and we expect repayment to be provided substantially through the operation or sale of collateral. Our commercial loans have collateral that is comprised of real estate and business assets. Our consumer loans have collateral that is substantially comprised of residential real estate. The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, as of December 31, 2023 and 2022. Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans December 31, 2023 Construction, land & land development $ 812 $ — $ 812 $ 85 $ 246,249 $ 247,146 Other commercial real estate 1,796 — 1,796 4,219 968,360 974,375 Total commercial real estate 2,608 — 2,608 4,304 1,214,609 1,221,521 Residential real estate 2,503 350 2,853 3,561 349,820 356,234 Commercial, financial & agricultural 775 — 775 1,956 240,025 242,756 Consumer and other 183 20 203 18 62,738 62,959 Total loans $ 6,069 $ 370 $ 6,439 $ 9,839 $ 1,867,192 $ 1,883,470 Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans December 31, 2022 Construction, land & land development $ — $ — $ — $ 149 $ 229,286 $ 229,435 Other commercial real estate 395 — 395 1,509 973,543 975,447 Total commercial real estate 395 — 395 1,658 1,202,829 1,204,882 Residential real estate 882 — 882 2,686 286,486 290,054 Commercial, financial & agricultural 476 — 476 1,341 222,106 223,923 Consumer and other 40 — 40 21 18,186 18,247 Total loans $ 1,793 $ — $ 1,793 $ 5,706 $ 1,729,607 $ 1,737,106 The following table is a summary of the Company's nonaccrual loans by major categories for the periods indicated. December 31, 2023 December 31, 2022 (dollars in thousands) Nonaccrual Loans with No Related ACL Nonaccrual Loans with a Related ACL Total Nonaccrual Loans Nonaccrual December 31, 2023 Construction, land & land development $ 27 $ 58 $ 85 $ 149 Other commercial real estate 2,806 1,413 4,219 1,509 Total commercial real estate 2,833 2,833 1,471 4,304 1,658 Residential real estate 725 2,836 3,561 2,686 Commercial, financial & agricultural — 1,956 1,956 1,341 Consumer and other — 18 18 21 Total loans $ 3,558 $ 6,281 $ 9,839 $ 5,706 As of December 31, 2023, loans secured by 1-4 family residential properties that were in the process of foreclosure were $1.0 million and are included in the total nonaccrual loan balance above. As of December 31, 2022, there were no loans in process of foreclosure. The following table details impaired loan data, including purchased credit impaired loans, as of December 31, 2022. (dollars in thousands) Unpaid Recorded Related Average With No Related Allowance Recorded Construction, land & land development $ 40 $ 40 $ — $ 10 Other commercial real estate 3,754 3,754 — 5,311 Residential real estate 62 62 — 570 Commercial, financial & agricultural — — — 306 Consumer and other — — — 1 3,856 3,856 — 6,198 With An Allowance Recorded Construction, land & land development 474 474 44 177 Other commercial real estate — — — 503 Residential real estate — — — 588 Commercial, financial & agricultural — — — 369 Consumer and other — — — — 474 474 44 1,637 Purchase credit impaired Construction, land & land development — — — — Other commercial real estate 798 798 33 760 Residential real estate — — — 13 Commercial, financial & agricultural — — — — Consumer and other — — — 65 798 798 33 838 Total Construction, land & land development 514 514 44 187 Other commercial real estate 4,552 4,552 33 6,574 Residential real estate 62 62 — 1,171 Commercial, financial & agricultural — — — 675 Consumer and other — — — 66 $ 5,128 $ 5,128 $ 77 $ 8,673 Interest income recorded on impaired loans during the year ended December 31, 2023 was $430,000, and reflects interest income recorded on nonaccrual loans prior to them being placed on nonaccrual status. Had nonaccrual loans performed in accordance with their original contractual terms, the Company would have recognized additional interest income of approximately $3.1 million for the year ended December 31, 2023. Interest income recorded on impaired loans during the year ended December 31, 2022 was $724,000, and reflects interest income recorded on nonaccrual loans prior to them being placed on nonaccrual status and interest income recorded on TDRs. Had nonaccrual loans performed in accordance with their original contractual terms, the Company would have recognized additional interest income of approximately $1.3 million for the year ended December 31, 2022. The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. The Company uses a discounted cash flow model to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. Occasionally, the Company modifies loans by providing principal forgiveness on certain of its real estate loans. When principal forgiveness is provided, the amortized cost basis of the asset is written off against the allowance for credit losses. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. In some cases, the Company will modify a certain loan by providing multiple types of concessions. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. Upon the Company's determination that a modified loan, or portion of a loan, has subsequently been deemed uncollectible, the loan, or portion of the loan, is written off. The following table presents loans modified due to a financial difficulty under the above terms during the year ended December 31, 2023 Loans modified due to financial difficulty (dollars in thousands) Term Extension Term Extension and Payment Delay Total* Residential real estate $ 12 $ — $ 12 Commercial, financial & agricultural — 10 10 Total Loans $ 12 $ 10 $ 22 *less than .01% of total class of receivable . There was one loan in each of the above categories. The residential real estate loan had a term extension of two years. The commercial, financial & agricultural loan had a term extension of two years and was given a payment delay. Prior to the adoption of ASU 2022-02 on January 1, 2023, the restructuring of a loan was considered a troubled debt restructuring ("TDR") if both the borrower was experiencing financial difficulties and the Company had granted a concession to the terms of the loan. Concessions may have included interest rate reductions to below market interest rates, principal forgiveness, restructured 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, 2022, which are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 , once a loan was identified as a TDR, it was accounted for as an impaired loan. The Company had no unfunded commitments to lend to a customer that had a troubled debt restructured loan as of December 31, 2022. Loans modified in a TDR were considered to be in default once the loan became 90 days past due. A TDR ceased being classified as impaired if the loan was subsequently modified at market terms and, had performed according to the modified terms for at least six months, and there had not been any prior principal forgiveness on a cumulative basis. The Company had no loans that subsequently defaulted during the years ended December 31, 2023

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
ALLOWANCE FOR CREDIT LOSSES	ALLOWANCE FOR CREDIT LOSSES As previously mentioned in Note 1, since the adoption of ASC 326 on January 1, 2023, the ACL for loans represents management's estimate of life of loan credit losses in the portfolio as of the end of the period. The ACL related to unfunded commitments is included in other liabilities in the consolidated balance sheet. The following table presents the balance sheet activity in the ACL by portfolio segment for loans, using the CECL methodology for the year ended December 31, 2023. CECL (dollars in thousands) Balance, December 31, 2022 Adoption of ASU 2016-13 Charge-offs Recoveries Provision for credit losses on loans Balance, December 31, 2023 Year ended December 31, 2023 Construction, land & land development $ 1,959 $ 148 $ — $ 10 $ 87 $ 2,204 Other commercial real estate 8,886 (630) (69) 42 (1,165) 7,064 Total commercial real estate 10,845 (482) (69) 52 (1,078) 9,268 Residential real estate 2,354 1,053 (771) 79 2,390 5,105 Commercial, financial & agricultural 2,709 (690) (1,069) 201 959 2,110 Consumer and other 220 66 (35) 22 1,615 1,888 Total allowance for credit losses on loans $ 16,128 $ (53) $ (1,944) $ 354 $ 3,886 $ 18,371 Colony used a one-year reasonable and supportable forecast period. The changes in loss rates used as the basis for the estimate of credit losses during this period were modeled using historical data from peer banks and macroeconomic forecast data obtained from a third party vendor, which were then applied to Colony's recent default experience as a starting point. As of December 31, 2023, the Company expects that the markets in which it operates will experience stable economic and unemployment conditions with the trend of delinquencies returning to more normalized levels, over the next two years. Management adjusted the historical loss experience for these expectations. No reversion adjustments were necessary, as the starting point for the Company's estimate was a cumulative loss rate covering the expected contractual term of the portfolio. The following table details activity in the allowance for loan losses, segregated by class of loans, using the incurred loss methodology for the year ended December 31, 2022. 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. Incurred Loss (dollars in thousands) Balance, December 31, 2021 Charge-offs Recoveries Provision Balance, December 31, 2022 Year ended December 31, 2022 Construction, land & land development $ 1,127 $ — $ 25 $ 807 $ 1,959 Other commercial real estate 7,691 (58) 85 1,168 8,886 Total commercial real estate 8,818 (58) 110 1,975 10,845 Residential real estate 1,805 (48) 50 547 2,354 Commercial, financial & agricultural 1,083 (314) 139 1,801 2,709 Consumer and other 1,204 (60) 29 (953) 220 Total allowance for loan losses $ 12,910 $ (480) $ 328 $ 3,370 $ 16,128 The following table represents the recorded investment in loans by portfolio segment and the balance of the allowance assigned to each segment based on the incurred loss methodology of evaluating the loans for impairment as of December 31, 2022. (dollars in thousands) Construction, Other Residential Commercial, Consumer and Total Year ended December 31, 2022 Period-end amount allocated to: Individually evaluated for impairment $ 44 $ — $ — $ — $ — $ 44 Collectively evaluated for impairment 1,915 8,853 2,354 2,709 220 16,051 Purchase credit impaired — 33 — — — 33 Ending balance $ 1,959 $ 8,886 $ 2,354 $ 2,709 $ 220 $ 16,128 Loans: Loans individually evaluated for impairment $ 514 $ 3,754 $ 62 $ — $ — $ 4,330 Loans collectively evaluated for impairment 228,921 970,895 289,992 223,923 18,247 1,731,978 Purchase credit impaired — 798 — — — 798 Ending balance $ 229,435 $ 975,447 $ 290,054 $ 223,923 $ 18,247 $ 1,737,106 The Company determines its individual reserves during its quarterly review of substandard loans. This process involves reviewing all loans with a risk grade of 7 or greater and an outstanding balance of $500,000 or more, regardless of the loans impairment classification. The Company maintains an allowance for off-balance sheet credit exposures such as unfunded balances for existing lines of credit, commitments to extend future credit, as well as both standby and commercial letters of credit when there is a contractual obligation to extend credit and when this extension of credit is not unconditionally cancellable. The allowance for off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur, which is based on a historical funding study derived from internal information, and an estimate of expected credit losses on commitments expected to be funded over its estimated life, which are the same loss rates that are used in computing the allowance for credit losses on loans. The allowance for credit losses for unfunded commitments is separately classified on the balance sheet within Other liabilities. The following table presents the balance and activity in the allowance for credit losses for unfunded commitments for the year ended December 31, 2023. (dollars in thousands) Total Allowance for Credit Losses-Unfunded Commitments Year Ended Balance, December 31, 2022 $ — Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 1,661 Change in unfunded commitments (286) Balance, December 31, 2023 $ 1,375

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT Premises and equipment are comprised of the following as of December 31: (dollars in thousands) 2023 2022 Land $ 11,559 $ 12,944 Building 38,567 37,718 Furniture, fixtures and equipment 20,670 19,524 Leasehold improvements 1,384 1,099 Construction in progress 182 942 Total cost 72,362 72,227 Accumulated depreciation (32,492) (30,621) Total premises and equipment $ 39,870 $ 41,606 Depreciation charged to operations totaled $2.4 million in 2023 and $2.7 million in 2022. Construction in progress consists of building and land improvements to five of the Company's bank branches and equipment improvements at three of the Company's bank branches. Costs to complete these projects is expected not to exceed $72,000 .

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
	Dec. 31, 2023
Real Estate [Abstract]
OTHER REAL ESTATE OWNED	OTHER REAL ESTATE OWNED The following is a summary of the activity in other real estate owned during the years ended December 31, 2023 and 2022: (dollars in thousands) 2023 2022 Balance, Beginning of year $ 651 $ 281 Loans transferred to other real estate 482 — Sales proceeds (3,477) (35) Transfer from premises and equipment 2,601 405 Net gain on sale 191 — Ending balance $ 448 $ 651

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The following is an analysis of the core deposit intangible activity for the years ended December 31: 2023 2022 (dollars in thousands) Gross Accumulated Gross Accumulated Amortizable intangible assets: Core deposit intangible $ 7,685 $ 5,211 $ 7,685 $ 3,965 Customer relationship intangible 2,250 532 2,250 306 Total 9,935 5,743 9,935 4,271 Unamortizable intangible assets: Goodwill $ 48,923 $ 48,923 Amortization expense related to the intangible assets was $1.5 million and $1.7 million at December 31, 2023 and 2022, respectively. The estimated future amortization expense for intangible assets remaining as of December 31, 2023 is as follows: (dollars in thousands) Amount 2024 $ 1,217 2025 962 2026 658 2027 453 Thereafter 902 Total $ 4,192

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The income tax expense in the consolidated statements of income for the years ended December 31, 2023 and 2022 are as follows: (dollars in thousands) 2023 2022 Current federal expense $ 5,837 $ 2,855 Deferred federal expense (430) 782 Federal income tax expense 5,407 3,637 Current state expense 115 (474) Deferred state expense (56) 147 State income tax expense 59 (327) Provision for income taxes $ 5,466 $ 3,310 The Company's income tax expense differs from amounts computed by applying the federal statutory rates to income before income taxes. A reconciliation of the differences for the years ended December 31, 2023 and 2022 is as follows: (dollars in thousands) 2023 2022 Tax at federal income tax rate $ 5,715 $ 4,799 Change resulting from: State taxes 47 (258) Tax-exempt interest (238) (541) Income in cash value of bank owned life insurance (293) (329) Tax-exempt insurance premiums (192) (248) Other 427 (113) Provision for income taxes $ 5,466 $ 3,310 The components of deferred income taxes for the years ended December 31, 2023 and 2022 are as follows: (dollars in thousands) 2023 2022 Deferred Tax Assets Allowance for credit losses $ 4,675 $ 4,108 Lease liability 465 483 Net operating loss carryforwards 2,223 3,160 Tax credit carryforwards 469 501 Deferred compensation 278 282 Unrealized loss on securities available for sale 18,903 22,703 Restricted stock 251 308 Investment in partnerships 186 195 Unrealized loss on hedging investments 111 — Nonaccrual interest 521 50 Allowance for unfunded commitments 350 — Other 113 — Gross deferred tax assets 28,545 31,790 Deferred Tax Liabilities Premises and equipment 559 707 Right of use lease asset 402 467 Purchase accounting adjustments 1,831 1,779 Core deposit intangible 348 638 Gross deferred tax liabilities 3,140 3,591 Net deferred tax assets $ 25,405 $ 28,199

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2023
Deposits, by Component, Alternative [Abstract]
DEPOSITS	DEPOSITS The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled $662,000 and $612,000 as of December 31, 2023 and 2022, respectively. Components of interest-bearing deposits as of December 31 are as follows: (dollars in thousands) 2023 2022 Interest-bearing demand $ 759,299 $ 831,152 Savings and money market deposits 660,311 617,135 Time, $250,000 and over 167,680 114,780 Other time 458,508 358,760 Total interest-bearing deposits $ 2,045,798 $ 1,921,827 We had $93.6 million and $50.8 million in brokered deposits at December 31, 2023 and 2022, respectively. We use brokered deposits, subject to certain limitations and requirements, as a source of funding to support our asset growth and augment the deposits generated from our branch network, which are our principal source of funding. Our level of brokered deposits varies from time to time depending on competitive interest rate conditions and other factors, and tends to increase as a percentage of total deposits when the brokered deposits are less costly than issuing internet certificates of deposit or borrowing from the FHLB. The aggregate amount of jumbo certificates of deposit, each with a minimum denomination of $250,000 was $167.7 million and $114.8 million as of December 31, 2023 and 2022, respectively. As of December 31, 2023, the scheduled maturities of certificates of deposit are as follows: (dollars in thousands) Year Ending December 31 Amount 2024 $ 548,834 2025 60,154 2026 7,737 2027 4,964 2028 4,231 Thereafter 268 Total time deposits $ 626,188

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES As part of its asset liability management activities, the Company may enter into interest rate swaps to help manage its interest rate risk position and mitigate exposure to the variability of future cash flows or other forecasted transactions. The Company entered into two interest rate swaps during the second quarter of 2023, to hedge the variability of cash flows due to changes in the benchmark SOFR interest rate risk for its short-term funding over the term of these cash flow hedges. The notional amount of an interest rate swap does not represent the amount exchanged by the parties. The exchange of cash flows is determined by reference to the notional amount and the other terms of the interest rate swap agreements. On June 23, 2023, the Company entered into a five-year interest rate swap with a notional amount totaling $25.0 million. On June 26, 2023 the Company entered into a three-year interest rate swap with a notional amount totaling $25.0 million. Both of the swaps were designated as cash flow hedges of certain variable rate liabilities. The derivatives are recorded in other liabilities on the Company's balance sheet and has a value of $438,000 as of December 31, 2023. Gains were recorded on the swap transactions, which totaled $349,000 for the year ended December 31, 2023, as a component of interest expense in the consolidated statements of income. Amounts reported in accumulated OCI related to swaps are reclassified to interest expense as interest payments are made on the Bank's variable rate liabilities. The following table presents the amounts recorded in the consolidated statements of income and the consolidated statements of comprehensive income relating to the interest rate swaps for the year ended December 31, 2023. (dollars in thousands) Year ended December 31, 2023 Amount of loss recognized in OCI $ 326 Amount of gain reclassified from OCI to interest expense $ 349

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS The following table presents information regarding the Company’s outstanding borrowings at December 31, 2023: Description Maturity Date Amount Interest Rate (dollars in thousands) FHLB Advances December 22, 2027 $ 15,000 4.00% FHLB Advances January 28, 2028 20,000 3.87% FHLB Advances February 15, 2028 20,000 3.83% FHLB Advances April 5, 2028 25,000 3.69% FHLB Advances April 6, 2026 25,000 3.90% FHLB Advances September 30, 2024 20,000 5.57% FHLB Advances March 25, 2024 25,000 5.51% FHLB Advances March 26, 2024 25,000 5.51% Subordinated notes May 20, 2032 39,216 5.25% Subordinated debentures (1) 24,229 (1) Total borrowings $ 238,445 (1) See individual maturity dates and interest rates in table below. The following table presents information regarding the Company’s outstanding borrowings at December 31, 2022: Description Maturity Date Amount Interest Rate (dollars in thousands) FHLB Advances March 21, 2028 $ 5,000 2.67% FHLB Advances January 5, 2023 20,000 4.18% FHLB Advances January 9, 2023 20,000 4.15% FHLB Advances March 8, 2023 10,000 4.65% FHLB Advances January 17, 2023 20,000 4.15% FHLB Advances January 20, 2023 15,000 4.23% FHLB Advances December 22, 2027 15,000 4.00% FHLB Advances January 30, 2023 20,000 4.23% FRB Discount Window January 5, 2023 15,000 4.10% Subordinated notes May 20, 2032 39,123 5.25% Subordinated debentures (1) 24,229 (1) Total borrowings $ 203,352 (1) See individual maturity dates and interest rates in table below. 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, farmland loans, multifamily loans and HELOC loans, as well as U.S. Treasury and Agency securities. At December 31, 2023 and 2022, the lendable collateral value of those loans and securities pledged was $235.2 million and $150.0 million, respectively. At December 31, 2023, the Company had remaining credit availability from the FHLB of $596.2 million. At December 31, 2022, the Company had remaining credit availability from the FHLB of $574.9 million. The Company may be required to pledge additional qualifying collateral in order to utilize the full amount of the remaining credit line. At December 31, 2023 and 2022, the Company also has available federal funds lines of credit with various financial institutions totaling $64.5 million, of which there were none outstanding at December 31, 2023 and 2022. 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. The Company had borrowing capacity available under this arrangement, with none outstanding at December 31, 2023 and 2022. The Company could be required to pledge certain available-for-sale investment securities as collateral under this agreement. The Company also has the ability to participate in the FRB Term Funding Program, a new form of one-year emergency funding, with an available line of $100.0 million. The Company would be required to purchase Treasury securities or other debt obligations. The Company has not utilized this source of funding as of December 31, 2023. On May 20, 2022, the Company completed a private placement of $40.0 million in fixed-to-floating rate subordinated notes due 2032 (the “Notes”). The Notes will bear a fixed rate of 5.25% for the first five years and will reset quarterly thereafter to then current three-month Secured Overnight Financing Rate, as published by the Federal Reserve Bank of New York, plus 265 basis points for the five year floating term. The Company is entitled to redeem the Notes, in whole or in part, on any interest payment date on or after May 20, 2027, or at any time, in whole but not in part, upon certain other specified events. At December 31, 2023, $39.2 million of the Notes, net of debt issuance costs were outstanding. The notes are recorded as other borrowings on the consolidated balance sheets and, subject to certain limitations, qualify as Tier 2 Capital for regulatory capital purposes. Subordinated Debentures (Trust Preferred Securities) During the second quarter of 2004, the Company formed Colony Bankcorp Statutory Trust III for the sole purpose of issuing $4,500,000 in Trust Preferred Securities through a pool sponsored by FTN Financial Capital Market. The securities have a maturity of thirty years and are redeemable after five years with certain exceptions. During the second quarter of 2006, the Company formed Colony Bankcorp Capital Trust I for the sole purpose of issuing $5,000,000 in Trust Preferred Securities through a pool sponsored by Truist Capital Markets. The securities have a maturity of thirty years and are redeemable after five years with certain exceptions. During the first quarter of 2007, the Company formed Colony Bankcorp Capital Trust II for the sole purpose of issuing $9,000,000 in Trust Preferred Securities through a pool sponsored by Trapeza Capital Management, LLC. The securities have a maturity of thirty years and are redeemable after five years with certain exceptions. Proceeds from this issuance were used to pay off trust preferred securities issued on March 26, 2002 through Colony Bankcorp Statutory Trust I. During the third quarter of 2007, the Company formed Colony Bankcorp Capital Trust III for the sole purpose of issuing $5,000,000 in Trust Preferred Securities through a pool sponsored by Trapeza Capital Management, LLC. The securities have a maturity of thirty years and are redeemable after five years with certain exceptions. Proceeds from this issuance were used to pay off trust preferred securities issued on December 19, 2002 through Colony Bankcorp Statutory Trust II. The Company is not in default of any outstanding Trust Preferred Securities as of December 31, 2023. The following table presents the information regarding the Company's subordinated debentures at December 31, 2023 and 2022. All subordinated debentures are at benchmark rates based on SOFR at December 31, 2023. Description Date Amount Added Maturity 5-Year (dollars in thousands) Colony Bankcorp Statutory Trust III June 16, 2004 $ 4,640 2.68% June 17, 2034 June 17, 2009 Colony Bankcorp Capital Trust I April 13, 2006 5,155 1.50% June 30, 2036 April 13, 2011 Colony Bankcorp Capital Trust II March 12, 2007 9,279 1.65% March 30, 2037 March 12, 2012 Colony Bankcorp Capital Trust III September 14, 2007 5,155 1.40% October 30, 2037 September 14, 2012 The Trust Preferred Securities are recorded as subordinated debentures on the consolidated balance sheets and, subject to certain limitations, qualify as Tier 1 Capital for regulatory capital purposes. The proceeds from these offerings were used to fund certain acquisitions, pay off holding company debt and inject capital into the Bank subsidiary. The Trust Preferred Securities pay interest quarterly.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2023
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. 2016-2 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 2028. All of our 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 December 31, 2023 December 31, 2022 Assets Operating lease right-of-use assets Other assets $ 1,579 $ 1,834 Liabilities Operating lease liabilities Other liabilities $ 1,829 $ 1,895 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 and lease incentive 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, 2019, the rate for the remaining lease term as of January 1, 2019 was used. For the year ended December 31, 2023 and 2022, operating lease cost was $626,000 and $615,000, respectively. As of December 31, 2023, the weighted average remaining lease term was 3.89 years and the weighted average discount rate was 4.31%. The following table represents the future maturities of the Company’s operating lease liabilities and other lease information. (dollars in thousands) Year Lease Liability 2024 $ 642 2025 596 2026 360 2027 297 2028 72 Total Lease Payments $ 1,967 Less: Interest (138) Present Value of Lease Liabilities $ 1,829 Supplemental Lease Information: (dollars in thousands) December 31, 2023 December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases (cash payments) $ 645 $ 549 Operating lease right-of-use assets obtained in exchange for leases entered into during the period 500 1,750

COMPENSATION PLANS

COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
COMPENSATION PLANS	COMPENSATION PLANS The Company offers a defined contribution 401(k) Profit Sharing Plan (the "Plan") which covers substantially all employees who meet certain age and service requirements. The Plan allows employees to make voluntary pre-tax salary deferrals to the Plan. The Company, at its discretion, may elect to make an annual contribution to the Plan equal to a percentage of each participating employee’s salary. Such discretionary contributions must be approved by the Company’s board of directors. Employees are fully vested in the Company contributions after six years of service. In 2023 and 2022, the Company made total contributions of $1.9 million and $1.9 million to the Plan, respectively. Colony Bank, the wholly-owned subsidiary, has deferred compensation plans covering certain former directors and certain officers choosing to participate through individual deferred compensation contracts. In accordance with terms of the contracts, the Bank is committed to pay the participant’s deferred compensation over a specified number of years, beginning at age 65. In the event of a participant’s death before age 65, payments are made to the participant’s named beneficiary over a specified number of years, beginning on the first day of the month following the death of the participant. Liabilities accrued under the plans totaled $1.1 million and $1.1 million as of December 31, 2023 and 2022, respectively. Benefits accrued monthly under the contracts totaled $32,000 in 2023 and $39,000 in 2022. Payments were $140,000 in 2023 and $151,000 in 2022. The Company has purchased life insurance policies on the plans’ participants and uses the cash flow from these policies to partially fund the plan. There was no fee income recognized in 2023 and 2022. The Company awards restricted shares of the Company's common stock to various bank employees with a grant price equal to the market price of the Company's common stock on the grant date. The restricted shares vest in equal installments over three years, subject to continued service through each applicable vesting date, or earlier upon the occurrence of a change in control. With the restricted stock, there will be no cash consideration to the Company for the shares. The employees will have the right to vote all shares subject to such grant and receive all dividends with respect to such shares, whether or not the shares have vested. The following table presents the outstanding balance for restricted stock awards as of December 31, 2023 and 2022. Quantity Weighted-Average Grant Date Fair Value Outstanding at December 31, 2021 187,300 $ 17.93 Granted 139,720 16.11 Vested (71,154) 17.93 Forfeited (9,000) 17.36 Outstanding at December 31, 2022 246,866 16.92 Granted 55,210 9.67 Vested (103,224) 17.12 Forfeited (22,859) 16.29 Outstanding at December 31, 2023 175,993 14.67 Compensation expense for restricted stock is based on the market price of the Company stock at the time of the grant and amortized on a straight-line basis over the vesting period. Compensation expense recognized for the years ended December 31, 2023 and 2022 was $1.7 million and $1.7 million, respectively. Total compensation expense unrecognized for the restricted shares granted for the year ended December 31, 2023 was $1.6 million, which is expected to be recognized over a weighted average period of 1.4 years.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2023
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. At December 31, 2023 and 2022, the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount 2023 2022 (dollars in thousands) Commitments to extend credit $ 362,878 $ 379,997 Standby letters of credit 5,656 3,333 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 Colony and its subsidiaries. The aggregate liabilities, if any, arising from such proceedings would not, in the opinion of management, have a material adverse effect on Colony’s consolidated financial position.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
Loans and Leases Receivable, Related Parties Disclosure [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The following table reflects the activity and aggregate balance of direct and indirect loans to directors, executive officers or principal holders of equity securities of the Company. All such loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and do not involve more than a normal risk of collectability. A summary of activity of related party loans is shown below: (dollars in thousands) 2023 2022 Balance, Beginning $ 3,443 $ 7,732 New loans 4,095 1,182 Repayments (1,146) (5,471) Transactions due to changes in directors (285) — Balance, Ending $ 6,107 $ 3,443

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Generally accepted accounting standards in the U.S. require disclosure of fair value information about financial instruments, whether or not recognized on the face of the balance sheet, for which it is practicable to estimate that value. The assumptions used in the estimation of the fair value of Colony Bancorp, Inc. and subsidiaries 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 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 other bank stock approximates carrying value and is classified as Level 2. Fair values for investment funds 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. 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, net - 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. Loans are classified as Level 3. Derivative instruments - The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The interest rate swaps are classified as Level 2. 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 1. The fair value of fixed maturity certificates of deposit 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. 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 are as follows: Carrying Estimated Level (dollars in thousands) Amount Fair Value 1 2 3 December 31, 2023 Assets Cash and short-term investments $ 83,322 $ 83,322 $ 83,322 $ — $ — Investment securities available for sale 407,382 407,382 — 396,568 10,814 Investment securities held to maturity 449,031 405,576 — 405,576 — Other investments 16,868 16,868 — 16,868 — Loans held for sale 27,958 27,958 — 27,958 — Loans, net 1,865,099 1,699,870 — — 1,699,870 Liabilities Deposits 2,544,790 2,538,477 — 2,538,477 — Federal Home Loan Bank advances 175,000 176,022 — 176,022 — Other borrowed money 63,445 51,056 — 51,056 — Derivative instruments 438 438 — 438 — December 31, 2022 Assets Cash and short-term investments $ 80,678 $ 80,678 $ 80,678 $ — $ — Investment securities available for sale 432,553 432,553 — 416,957 15,596 Investment securities held to maturity 465,858 411,264 411,264 — Other investments, at cost 13,793 13,793 — 13,003 790 Loans held for sale 17,743 17,743 — 17,743 — Loans, net 1,720,978 1,469,707 — — 1,469,707 Liabilities Deposits 2,490,997 2,489,481 — 2,489,481 — Federal Home Loan Bank advances 125,000 125,163 — 125,163 — Other borrowed money 78,352 69,930 — 69,930 — 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. Collateral Dependent 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 percent 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 December 31, 2023 and 2022, aggregated by the level in the fair value hierarchy within which those measurements fall. The table below includes collateral dependent loans and other real estate properties at December 31, 2023 and 2022. Those collateral dependent 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 Quoted Prices Significant Significant December 31, 2023 Nonrecurring Collateral dependent loans $ 1,410 $ — $ — $ 1,410 Other real estate 448 — — 448 December 31, 2022 Nonrecurring Collateral dependent loans $ 521 $ — $ — $ 521 Other real estate 651 — — 651 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) The following tables present 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 December 31, 2023 and 2022. These tables are comprised primarily of collateral dependent impaired loans and other real estate owned: (dollars in thousands) December 31, 2023 Valuation Unobservable Range Collateral dependent loans $ 1,410 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % - 50% Other Real Estate $ 448 Appraised Value/ Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 0 % - 20% (dollars in thousands) December 31, 2022 Valuation Unobservable Range Collateral dependent loans $ 521 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % - 50% Other Real Estate $ 651 Appraised Value/ Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 0 % - 20% The following tables present quantitative information about recurring level 3 fair value measurements as of December 31, 2023 and 2022. December 31, 2023 (dollars in thousands) Fair Value Valuation Unobservable Range Available for sale securities $ 10,814 Discounted Cash Flow Discount Rate or Yield N/A* December 31, 2022 (dollars in thousands) Fair Value Valuation Unobservable Range Available for sale securities $ 15,596 Discounted Cash Flow Discount Rate or Yield N/A* Other investments $ 790 Discounted Cash Flow Discount Rate or Yield N/A* * The Company relies on a third-party pricing service to value its securities. The details of the unobservable inputs and other adjustments used by the third-party pricing service were not readily available to the Company. The following table 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 year ended December 31, 2023 and 2022: Available for sale securities Other Investments (dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 15,596 $ — $ 790 $ 4,255 Additions — — — — Redemptions (2,733) — (800) (3,306) Total unrealized/realized gains (losses) included in earnings (270) — 10 (159) Transfers between levels (1,779) 15,596 — — Ending balance $ 10,814 $ 15,596 $ — $ 790 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 $1.8 million in transfers between levels for the period ended December 31, 2023 and $15.6 million in transfers for the period ended December 31, 2022.

REGULATORY CAPITAL MARKETS

REGULATORY CAPITAL MARKETS	12 Months Ended
	Dec. 31, 2023
Banking And Thrift Disclosure [Abstract]
REGULATORY CAPITAL MARKETS	REGULATORY CAPITAL MARKETS 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 the 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 classification 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 I capital to risk-weighted assets, and of Tier I capital to average assets. As of December 31, 2023, 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 December 31, 2023, 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 conditions or events since prior notification of capital adequacy from the regulators that have changed the institution’s category. The Basel III rules also require the Company to maintain a capital conservation buffer comprised of common equity Tier 1 capital. The capital conservation buffer is 2.5 percent of risk-weighted assets. The following table summarizes regulatory capital information as of December 31, 2023 and December 31, 2022 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for December 31, 2023 and 2022 were calculated in accordance with the Basel III rules. Actual For Capital To Be Well (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2023 Total Capital to Risk-Weighted Assets Consolidated $ 337,159 15.47 % $ 174,355 8.00 % $ 217,944 10.00 % Colony Bank 300,497 13.85 173,572 8.00 216,965 10.00 Tier I Capital to Risk-Weighted Assets Consolidated 278,196 12.77 130,711 6.00 174,281 8.00 Colony Bank 280,751 12.94 130,178 6.00 173,571 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 253,967 11.66 98,015 4.50 141,577 6.50 Colony Bank 280,751 12.94 97,634 4.50 141,026 6.50 Tier I Capital to Average Assets Consolidated 278,196 9.17 121,350 4.00 151,688 5.00 Colony Bank 280,751 9.28 121,013 4.00 151,267 5.00 As of December 31, 2022 Total Capital to Risk-Weighted Assets Consolidated $ 318,250 15.11 % $ 168,498 8.00 % N/A N/A Colony Bank 272,812 12.99 168,014 8.00 $ 210,017 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 262,999 12.49 126,341 6.00 N/A N/A Colony Bank 256,684 12.22 126,031 6.00 168,042 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 238,770 11.34 94,750 4.50 N/A N/A Colony Bank 256,684 12.22 94,524 4.50 136,534 6.50 Tier I Capital to Average Assets Consolidated 262,999 9.17 114,721 4.00 N/A N/A Colony Bank 256,684 8.97 114,463 4.00 143,079 5.00

FINANCIAL INFORMATION OF COLONY

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY)	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY)	FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) The parent company’s balance sheets as of December 31, 2023 and 2022 and the related statements of operations and comprehensive income (loss) and cash flows for each of the years in the two-year period then ended are as follows: COLONY BANKCORP, INC. (PARENT ONLY) BALANCE SHEETS DECEMBER 31 (DOLLARS IN THOUSANDS) 2023 2022 ASSETS Cash $ 29,057 $ 40,361 Investment in subsidiaries 283,968 249,868 Other 6,413 5,115 Total Assets $ 319,438 $ 295,344 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Other $ 1,058 $ 1,724 Subordinated notes 39,216 39,123 Subordinated debentures 24,229 24,229 Total Liabilities 64,503 65,076 Stockholders’ Equity Common stock, par value $1.00; 50,000,000 shares authorized, 17,564,182 and 17,598,123 shares issued and outstanding as of December 31, 2023 and 2022, respectively 17,564 17,598 Paid-in capital 168,614 167,537 Retained earnings 124,400 111,573 Accumulated other comprehensive loss, net of tax (55,643) (66,440) Total Stockholder’s Equity 254,935 230,268 Total Liabilities and Stockholders’ Equity $ 319,438 $ 295,344 COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31 (DOLLARS IN THOUSANDS) 2023 2022 Income Interest on deposits with banks $ 3 $ — Dividends from subsidiaries 1,055 10,295 Other 138 22 Total income 1,196 10,317 Expenses Interest 3,920 2,299 Salaries and employee benefits 457 457 Other 254 450 Total expenses 4,631 3,206 Income (loss) before income taxes and equity in undistributed earnings of subsidiaries (3,435) 7,111 Income tax benefit (680) (914) Income (loss) before equity in undistributed earnings of subsidiaries (2,755) 8,025 Equity in undistributed earnings of subsidiaries 24,502 11,517 Net income $ 21,747 $ 19,542 COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31 (DOLLARS IN THOUSANDS) 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 21,747 $ 19,542 Adjustments to reconcile net income to net cash provided by operating activities: Stock-based compensation expense 1,701 1,743 Equity in undistributed earnings of subsidiaries (24,502) (11,517) Amortization of debt issuance costs 93 55 Change in deferred taxes — (2,125) Change in interest payable 14 45 Other (1,977) 215 Net cash (used in) provided by operating activities (2,924) 7,958 CASH FLOWS FROM INVESTING ACTIVITIES Capital injection into Bank subsidiary — (53,000) Net cash used in investing activities — (53,000) CASH FLOWS FROM FINANCING ACTIVITIES Net increase (decrease) in other borrowed money — 26,560 Issuance of common stock — 59,468 Cash paid for tax withholding related to vesting of restricted stock (252) (231) Repurchase of shares (406) (540) Dividends paid on common stock (7,722) (7,158) Net cash (used in) provided by financing activities (8,380) 78,099 Net increase (decrease) in cash and cash equivalents (11,304) 33,057 Cash and cash equivalents at beginning of period 40,361 7,304 Cash and cash equivalents at end of period $ 29,057 $ 40,361

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table presents earnings per share for the years ended December 31, 2023 and 2022: 2023 2022 (dollars in thousands, except per share amounts) Numerator Net income available to common stockholders $ 21,747 $ 19,542 Denominator Weighted average number of common shares outstanding for basic earnings per common share 17,578,294 17,191,079 Weighted average number of common shares outstanding for diluted earnings per common share 17,578,294 17,191,079 Earnings per share - basic $ 1.24 $ 1.14 Earnings per share - diluted $ 1.24 $ 1.14

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2023
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. The following tables present information reported internally for performance assessment as of December 31, 2023 and 2022: December 31, 2023 (dollars in thousands) Bank Mortgage Small Totals Net Interest Income $ 75,464 $ 109 $ 2,671 $ 78,244 Provision for Loan Losses 2,225 — 1,375 3,600 Noninterest Income 22,576 6,223 6,835 35,634 Noninterest Expenses 68,734 6,926 7,405 83,065 Income Taxes 5,454 (117) 129 5,466 Net income/(loss) $ 21,627 $ (477) $ 597 $ 21,747 Total assets $ 2,956,121 $ 7,890 $ 89,411 $ 3,053,422 Full Time Employees 378 42 33 453 December 31, 2022 (dollars in thousands) Bank Mortgage Small Totals Net Interest Income $ 79,240 $ 102 $ 1,330 $ 80,672 Provision for Loan Losses 3,370 — — 3,370 Noninterest Income 18,035 9,630 7,360 35,025 Noninterest Expenses 72,781 9,735 6,959 89,475 Income Taxes 3,010 98 202 3,310 Net income/(loss) $ 18,114 $ (101) $ 1,529 $ 19,542 Total assets $ 2,857,893 $ 18,221 $ 60,456 $ 2,936,570 Full Time Employees 427 65 30 522

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income	$ 21,747	$ 19,542

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Nature of Business	Nature of Business Colony Bankcorp, Inc. and subsidiaries (the “Company”) is a financial holding company headquartered in Fitzgerald, Georgia, whose primary business is presently conducted by Colony Bank, its wholly owned banking subsidiary (the “Bank”). The Company operates locations throughout Georgia and has expanded its presence in 2023 to serve Birmingham, Alabama, as well as Tallahassee and the Florida Panhandle. Through the Bank, the Company offers a broad range of banking solutions for personal and business customers. In addition to traditional banking services, the Bank provides specialized solutions including mortgage, government guaranteed lending, wealth management, and merchant services. The Company also provides an option for its customers to purchase insurance services including vehicle, home, renters and life insurance. Additionally, 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. The Company is subject to the regulations of certain state and federal agencies and are periodically examined by those regulatory agencies.
Basis of Presentation	Basis of Presentation and Accounting Estimates The consolidated financial statements include the accounts of Colony Bankcorp, Inc. and its wholly owned subsidiaries, Colony Bank and Colony Risk Management. All significant intercompany transactions and balances have been eliminated in consolidation. In preparing the consolidated financial statements in conformity with generally accepted accounting principles in the United States, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Accounting Estimates	Basis of Presentation and Accounting Estimates The consolidated financial statements include the accounts of Colony Bankcorp, Inc. and its wholly owned subsidiaries, Colony Bank and Colony Risk Management. All significant intercompany transactions and balances have been eliminated in consolidation. In preparing the consolidated financial statements in conformity with generally accepted accounting principles in the United States, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Transfer of Financial Assets	Transfer of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flow, cash and cash equivalents include cash on hand, cash items in process of collection, amounts due from banks, interest-bearing deposits in banks and federal funds sold.
Investment Securities	Investment Securities The Company classifies its debt securities in one of three categories: (i) trading, (ii) held to maturity or (iii) available for sale. Trading securities are bought and held principally for the purpose of selling them in the near term. Held to maturity securities are those securities for which the Company has the ability and intent to hold until maturity. All other debt securities are classified as available for sale. As of the periods ended December 31, 2023 and 2022, debt securities were classified as either held to maturity or available for sale. Available for sale securities are carried at fair value. Unrealized holding gains and losses, net of the related deferred tax effect, on available for sale securities are excluded from earnings and are reported in other comprehensive income as a separate component of shareholders’ equity until realized. Held to maturity securities are carried at amortized cost. Transfers of securities between categories are recorded at fair value at the date of transfer. Unrealized holding gains or losses associated with transfers of securities from held to maturity to available for sale are recorded as a separate component of shareholders’ equity. These unrealized holding gains or losses are amortized into income over the remaining life of the security as an adjustment to the yield in a manner consistent with the amortization or accretion of the original purchase premium or discount on the associated security. The amortization of premiums and accretion of discounts are recognized in interest income using methods approximating the interest method over the expected life of the securities. Realized gains and losses, determined on the basis of the cost of specific securities sold, are included in earnings on the trade date. The Company has made a policy election to exclude accrued interest from the amortized cost basis of debt securities and report accrued interest in other assets in the consolidated balance sheets. A debt security is placed on nonaccrual status at the time any principal or interest payments become more than 90 days delinquent or if full collection of interest or principal becomes uncertain. Accrued interest for a security placed on nonaccrual is reversed against interest income. There was no accrued interest related to debt securities reversed against interest income for the years ended December 31, 2023 and 2022. Accrued interest receivable on debt securities totaled $4.3 million and $4.5 million as of December 31, 2023 and 2022, respectively. The Company evaluates available for sale securities in an unrealized loss position to determine if credit-related impairment exists. The Company first evaluates whether it intends to sell or more likely than not will be required to sell an impaired security before recovering its amortized cost basis. If either criteria is met, the entire amount of unrealized loss is recognized in earnings with a corresponding adjustment to the security's amortized cost basis. If either of the above criteria is not met, the Company evaluates whether the decline in fair value is attributable to credit or resulted from other factors. If credit-related impairment exists, the Company recognizes an allowance for credit losses ("ACL"), limited to the amount by which the fair value is less than the amortized cost basis. Any impairment not recognized through an ACL is recognized in other comprehensive income, net of tax, as a non credit-related impairment. As of December 31, 2023 and 2022, the Company had $407.4 million and $432.6 million available for sale securities, respectively, with no related allowance for credit losses.
Other Investments	Other Investments Other investments include managed investment funds which are carried at their fair value and unrealized gains or losses are recorded through earnings as a component of noninterest income. Federal Home Loan Bank (“FHLB”) and First National Bankers Bank ("FNBB") stock are also included in other investments. These investments do not have a readily determinable market value due to restrictions placed on transferability and therefore are carried at cost. These other investments are periodically evaluated for credit-related impairment based on ultimate recovery of par value or cost basis. Both cash and stock dividends are reported as income.
Loans Held for Sale	Loans Held for Sale
Servicing Rights	Servicing Rights When mortgage and SBA loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in mortgage banking activity or gain on sale of SBA loans accordingly. Fair value is based on market prices for comparable servicing contracts, when available or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing fee income, which is reported on the income statement in mortgage banking activity for serviced mortgage loans and other noninterest income for all other serviced loans, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of servicing rights is netted against loan servicing fee income. Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is determined by stratifying rights into strata based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized for a particular stratum through a valuation allowance, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular stratum, a reduction of the valuation allowance may be recorded as an increase to income. Changes in valuation allowances related to servicing rights are reported in mortgage banking activity and other noninterest income on the income statement.
Loans	Loans Loans are reported at their outstanding principal balances less unearned income, net of deferred fees and origination costs. Interest income is accrued on the outstanding principal balance. For all classes of loans, the accrual of interest on loans is discontinued when, in management’s opinion, the borrower may be unable to make payments as they become due, unless the loan is well secured and in the process of collection. Generally, loans are placed on nonaccrual status if principal or interest payments become 90 days past due. Loans may be placed on nonaccrual status regardless of whether such loans are considered past due. All interest accrued, but not collected for loans that are placed on nonaccrual or charged off, is reversed against interest income. Interest income on nonaccrual loans is applied against principal until the loans are returned to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Allowance for Credit Losses ("ACL") – Loans	Allowance for Credit Losses ("ACL") – Loans The current expected credit loss (“CECL”) approach requires an estimate of the credit losses expected over the life of an exposure (or pool of exposures). It replaced the incurred loss approach’s threshold that delayed the recognition of a credit loss until it was probable a loss event was incurred. The estimate of expected credit losses is based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. Historical loss experience is generally the starting point for estimating expected credit losses. The Company then considers whether the historical loss experience should be adjusted for asset-specific risk characteristics or current conditions at the reporting date that did not exist over the historical period used. The Company also considers future economic conditions and portfolio performance as part of a reasonable and supportable forecast period. The ACL is a valuation account that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the ACL when management believes the uncollectibility of a loan balance is confirmed. Accrued interest receivable is excluded from the estimate of credit losses. Management determines the ACL balance using relevant available information from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit behaviors along with model judgments provide the basis for the estimation of expected credit losses. Adjustments to modeled loss estimates may be made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environmental conditions, such as changes in economic conditions, property values, or other relevant factors. For the majority of loans and leases the ACL is calculated using a discounted cash flow methodology applied at a loan level with a one-year reasonable and supportable forecast period and a two-year straight-line reversion period. The ACL-loans is measured on a collective basis when similar risk characteristics exist. The Company has identified the following portfolio segments and calculates the ACL for each using a discounted cash flow methodology at the loan level, with loss rates, prepayment assumptions and curtailment assumptions driven by each loan’s collateral type: • Construction, land & land development - Risks common to construction, land & development loans are cost overruns, changes in market demand for property, inadequate long-term financing arrangements and declines in real estate values. • Other commercial real estate - Loans in this category are susceptible to business failures and declines in general economic conditions, including declines in real estate value, declines in occupancy rates, and lack of suitable alternative use for the property. • Residential real estate - Residential real estate loans are susceptible to weakening general economic conditions, increases in unemployment rates and declining real estate values. • Commercial, financial & agricultural - Risks to this loan category include the inability to monitor the condition of the collateral, which often consists of inventory, accounts receivable and other non-real estate assets. Equipment and inventory obsolescence can also pose a risk. Declines in general economic conditions and other events can cause cash flows to fall to levels insufficient to service debt. • Consumer and other - Risks common to consumer direct loans include unemployment and changes in local economic conditions as well as the inability to monitor collateral consisting of personal property. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate.
Allowance for Credit Losses	Allowance for Credit Losses – Off-Balance Sheet Credit Exposures Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and standby letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Management estimates expected credit losses on commitments to extend credit over the contractual period during which the Company is exposed to credit risk on the underlying commitments. The ACL on off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The ACL is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to fund. Allowance for Credit Losses – Held-to-Maturity Securities ("HTM") Management measures current expected credit losses on HTM debt securities on a collective basis by major security type. The estimate of current expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Management classifies the HTM portfolio into the following major security types: U.S. Treasury securities, U.S. agency securities, State, county & municipal securities, and Mortgage-backed securities. Accrued interest receivable on HTM debt is excluded from the estimate of credit losses. All of the residential and commercial mortgage-backed securities held by the Company as HTM are issued by U.S. Government agencies and government sponsored entities. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The state and political subdivision securities are also highly rated by major rating agencies. Allowance for Credit Losses – Available-for-Sale Securities ("AFS") For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or whether it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any amount of unrealized loss that has not been recorded through an ACL is recognized in other comprehensive income. Accrued interest receivable on AFS debt securities is excluded from the estimate of credit losses. Changes in the ACL are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the ACL when management believes the uncollectibility of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met.
Premises and Equipment	Premises and Equipment Land is carried at cost. Other premises and equipment are carried at cost, less accumulated depreciation computed on the straight-line method over the estimated useful lives of the assets. In general, estimated lives for buildings are up to 40 years, furniture and equipment useful lives range from five three
Leases	Leases The Company has entered into various operating leases for certain branch locations, ATM locations, loan production offices, and corporate support services locations. Generally, these leases have initial lease terms of 6 years or less. Many of the leases have one or more lease renewal options. The exercise of lease renewal options is at the Company's sole discretion and is considered on a case-by-case basis. Certain of our lease agreements contain early termination options. If renewal options or early termination options are determined by management to be reasonably certain, then they are included in the calculation of the operating right-of-use assets or operating lease liabilities. Certain of our lease agreements provide for periodic adjustments to rental payments for inflation. At the commencement date of the lease, the Company recognizes a lease liability at the present value of the lease payments not yet paid, discounted using the discount rate for the lease or the Company’s incremental borrowing rate. As the majority of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate at the commencement date in determining the present value of lease payments. The incremental borrowing rate is based on the term of the lease. At the commencement date, the company also recognizes a right-of-use asset measured at (i) the initial measurement of the lease liability; (ii) any lease payments made to the lessor at or before the commencement date less any lease incentives received; and (iii) any initial direct costs incurred by the lessee. Leases with an initial term of 12 months or less are not recorded on the balance sheet. For these short-term leases, lease expense is recognized on a straight-line basis over the lease term. At December 31, 2023, the Company had no leases classified as finance leases.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired. Goodwill is assigned to reporting units and tested for impairment at least annually, or on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value. Intangible assets consist of core deposit and customer relationship intangibles acquired in connection with a business combination. The core deposit intangible is initially recognized based on an independent valuation performed as of the acquisition date. The core deposit intangible is amortized by the straight-line method over the average remaining life of the acquired customer deposits. The customer relationship intangible is associated with the acquisition of several insurance companies during 2021. The customer intangible assets were also initially recognized based on independent valuations performed as of the acquisition date and are being amortized by the straight-line method over 10 years.
Cash Value of Bank Owned Life Insurance	Cash Value of Bank Owned Life Insurance The Company has purchased life insurance policies on certain officers. The life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Other Real Estate	Other Real Estate
Derivatives	Derivatives The Company records cash flow hedges at the inception of a derivative contract based on management’s intentions and belief as to the likely effectiveness of the hedge. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is recorded in other comprehensive income ("OCI") and is reclassified into earnings in the same period during which the hedged transaction affects earnings. The changes in the fair value of a derivative that is not highly effective in hedging the expected cash flows of the hedged item are recognized immediately as interest expense in the consolidated statements of income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income or noninterest expense. Cash flows from hedges are classified in the consolidated statements of cash flows in the same manner as the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged item. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in cash flows of the hedged item, the derivative is settled or terminated, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as interest expense. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in OCI are amortized into earnings over the same periods which the hedged transactions will affect earnings.
Income Taxes	Income Taxes The provision for income taxes is based upon income for financial statement purposes, adjusted for nontaxable income and nondeductible expenses. Deferred income taxes have been provided when different accounting methods have been used in determining income for income tax purposes and for financial reporting purposes. Deferred tax assets and liabilities are recognized based on future tax consequences attributable to differences arising from the financial statement carrying values of assets and liabilities and their tax basis. The differences relate primarily to depreciable assets (use of different depreciation methods for financial statement and income tax purposes) and allowance for credit losses (use of the allowance method for financial statement purposes and the direct write-off method for tax purposes). In the event of changes in the tax laws, deferred tax assets and liabilities are adjusted in the period of the enactment of those changes, with effects included in the income tax provision. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company and its subsidiary file a consolidated federal income tax return. The subsidiary pays its proportional share of federal income taxes to the Company based on its taxable income. The Company’s federal and state income tax returns for tax years 2023, 2022, 2021 and 2020 are subject to examination by the Internal Revenue Service (IRS) and the Georgia Department of Revenue, generally for three years after filing. The Company believes that its income tax filing positions taken or expected to be taken on its tax returns will more likely than not be sustained upon audit by the taxing authorities and does not anticipate any adjustments that will result in a material adverse impact on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded.
Revenue Recognition	Revenue Recognition The Company's contracts with customers generally do not contain terms that require significant judgment to determine the amount of revenue to recognize. The Company's' policies for recognizing noninterest income that falls within the scope of ASC Topic 606, and include service charges on deposits, interchange fees, and insurance revenue (included with other noninterest income). Service charges on deposits include both account maintenance fees and overdraft fees and revenue from safe deposit box rental fees and lockbox services and ATM fees. Revenue is recognized for these services either over time, corresponding with deposit accounts' monthly cycle, or at a point in time for transaction-related services and fees. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to clients' accounts. Safe deposits and lockbox service fees are recognized over time, on a monthly basis, as the Company's' performance obligation for services is satisfied. ATM fees are transaction-based fees recognized at the time the transaction is executed as that is the point at which the Company satisfies the performance obligation. Interchange fees include debit card interchange fees. Debit card interchange fees are earned from debit card holder transactions conducted through various payment networks. Interchange fees from debit card holders transactions represent a percentage of the underlying transaction amount and are recognized daily, concurrently with the transaction processing services provided to the debit cardholder.
Earnings per Share	Earnings per Share
Comprehensive Income (Loss)	Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on securities available for sale, represent equity changes from economic events of the period other than transactions with owners. Such items are considered components of other comprehensive income (loss). Accounting standards codification requires the presentation in the consolidated financial statements of net income and all items of other comprehensive income as total comprehensive income (loss).
Fair Value Measures	Fair Value Measures Fair values of assets and liabilities are estimated using relevant market information and other assumptions, as more fully disclosed in Note 16. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates.
Operating Segments	Operating Segments The Company has three reportable segments, the Banking Division, the Retail Mortgage Division and the Small Business Specialty Lending Division. The Banking Division derives its revenues from the delivery of full service financial services to include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division derives its revenues from the origination, sales and servicing of one-to-four family residential mortgage loans. The Small Business Specialty Lending Division derives its revenues from origination, sales and servicing of SBA and USDA government guaranteed loans. The Banking, Retail Mortgage and Small Business Specialty Lending Divisions are managed as separate business units because of the different products and services they provide. The Company evaluates performance and allocates resources based on profit or loss from operations. There are no material intersegment sales or transfers.
Reclassifications	Reclassifications Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on stockholders’ equity or net income.
Accounting Standards Updates	Accounting Standards Updates ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, as amended, was adopted by the Company on January 1, 2023, which replaced the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (CECL) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor in accordance with Topic 842 on leases. In addition, ASC 326 made changes to the accounting for available-for-sale debt securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available-for-sale debt securities when management does not intend to sell or believes that it is more likely than not they will not be required to sell. The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost, and off-balance sheet credit exposures. Results for reporting periods beginning after January 1, 2023 are presented under ASC 326 ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures, was adopted by the Company on January 1, 2023. This ASU provides guidance on eliminating the requirement for classification of and disclosures around troubled debt restructurings (TDRs). The purpose of this guidance is to eliminate unnecessary and overly-complex disclosures of loans that are already incorporated into the allowance for credit losses and related disclosures while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. Modified terms include one or a combination of the following: a reduction of the stated interest rate of the loan, an extension of the term or amortization period, a more than insignificant payment delay or principal forgiveness. As of December 31, 2023, the Company had two loans that met the requirements of this disclosure and are included in Note 3 - Loans. This ASU further requires the disclosure of current-period gross charge-offs by year of origination. Current period gross charge-offs are included in the term loan vintage table in Note 3 - Loans. In March 2023, the FASB issued ASU 2023-02, “Investments – Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method.” ASU 2023-02 expands the population of investments for which an investor may elect to apply the proportional amortization method. Under the ASU, an investor in a tax equity investment may elect the proportional amortization method for qualifying investments on a tax credit program-by-program basis. To qualify for the proportional amortization method, an investment must meet the criteria previously applicable to low income housing tax credit investments, as clarified by the ASU. The required date of adoption for ASU 2023-02 is January 1, 2024 and is not expected to have a material impact on the Company’s 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"). This ASU 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. It provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The updated guidance was originally effective for all entities from March 12, 2020 through December 31, 2022. In December 2022, the FASB issued ASU 2022-06 which deferred the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. The Company has been diligent in responding to reference rate reform and does not anticipate a significant impact to its financial statements as a result. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures ("ASU 2023-07"). This ASU was issued to improve segment reporting disclosures. The amendments in this ASU improve financial reporting by requiring disclosure of incremental segment information including significant segment expenses regularly provided to the chief operating decision maker as well as the amount and composition of other segment items on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. Retrospective application is required in all prior periods unless impracticable to do so. The Company will adopt the new disclosure requirements for the annual period beginning on January 1, 2024 and interim periods beginning on January 1, 2025. The Company is currently evaluating the impact of the incremental segment information that will be required to be disclosed as well as the impact to the Segment Reporting footnote. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) Improvements to Income Tax Disclosures
Fair Value Measurement	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 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 other bank stock approximates carrying value and is classified as Level 2. Fair values for investment funds 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. 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, net - 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. Loans are classified as Level 3. Derivative instruments - The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The interest rate swaps are classified as Level 2. 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 1. The fair value of fixed maturity certificates of deposit 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. 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)	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Available for Sale Securities	The amortized cost and estimated fair value of securities available-for-sale and held-to-maturity, along with gross unrealized gains and losses are summarized as follows: (dollars in thousands) December 31, 2023 Amortized Cost Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 500 $ — $ (2) $ 498 U.S. agency securities 4,500 — (361) 4,139 Asset backed securities 25,035 — (405) 24,630 State, county and municipal securities 124,524 6 (15,494) 109,036 Corporate debt securities 53,834 16 (6,460) 47,390 Mortgage-backed securities 246,901 36 (25,248) 221,689 Total $ 455,294 $ 58 $ (47,970) $ 407,382 December 31, 2023 Gross Gross Securities Held to Maturity: U.S. treasury securities $ 93,306 $ — $ (3,212) $ 90,094 U.S. agency securities 16,282 — (1,424) 14,858 State, county & municipal securities 136,685 356 (13,859) 123,182 Mortgage-backed securities 202,758 — (25,316) 177,442 Total $ 449,031 $ 356 $ (43,811) $ 405,576 December 31, 2022 Amortized Cost Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 1,644 $ — $ (22) $ 1,622 U.S. agency securities 5,035 — (450) 4,585 Asset backed securities 31,468 — (1,480) 29,988 State, county and municipal securities 126,119 — (21,363) 104,756 Corporate debt securities 54,741 164 (5,320) 49,585 Mortgage-backed securities 271,199 9 (29,191) 242,017 Total $ 490,206 $ 173 $ (57,826) $ 432,553 December 31, 2022 Gross Gross Securities Held to Maturity: U.S. treasury securities $ 91,615 $ — $ (4,149) $ 87,466 U.S. agency securities 16,409 — (1,838) 14,571 State, county & municipal securities 136,138 32 (19,518) 116,652 Mortgage-backed securities 221,696 — (29,121) 192,575 Total $ 465,858 $ 32 $ (54,626) $ 411,264
Schedule of Unrealized Loss on Investments	Information pertaining to available-for-sale securities with gross unrealized losses at December 31, 2023 and December 31, 2022 aggregated by investment category and length of time that securities have been in a continuous unrealized loss position are summarized as follows: Less Than 12 Months 12 Months or More Total (dollars in thousands) Estimated Unrealized Losses Estimated Unrealized Losses Estimated Unrealized Losses December 31, 2023 U.S. treasury securities $ — $ — $ 498 $ (2) $ 498 $ (2) U.S. agency securities — — 4,139 (361) 4,139 (361) Asset backed securities 6,196 (75) 17,424 (330) 23,620 (405) State, county and municipal securities 1,033 (138) 107,443 (15,356) 108,476 (15,494) Corporate debt securities 1,446 (105) 45,044 (6,355) 46,490 (6,460) Mortgage-backed securities 5,921 (49) 212,876 (25,199) 218,797 (25,248) Total debt securities $ 14,596 $ (367) $ 387,424 $ (47,603) $ 402,020 $ (47,970) December 31, 2022 U.S. treasury securities $ 1,377 $ (17) $ 245 $ (5) $ 1,622 $ (22) U.S. agency securities 3,221 (257) 1,364 (193) 4,585 (450) Asset backed securities 10,780 (319) 19,208 (1,161) 29,988 $ (1,480) State, county and municipal securities 29,284 (3,629) 75,472 (17,734) 104,756 $ (21,363) Corporate debt securities 17,258 (1,463) 30,651 (3,857) 47,909 (5,320) Mortgage-backed securities 122,031 (7,890) 119,409 (21,301) 241,440 (29,191) Total debt securities $ 183,951 $ (13,575) $ 246,349 $ (44,251) $ 430,300 $ (57,826) Information pertaining to held-to-maturity securities with gross unrealized losses at December 31, 2023 and December 31, 2022 aggregated by investment category and length of time that individual securities have been in a continuous loss position is summarized as follows: Less Than 12 Months 12 Months or Greater Total (dollars in thousands) Fair Gross Fair Gross Fair Gross December 31, 2023 U.S. treasury securities $ — $ — $ 90,094 $ (3,212) $ 90,094 $ (3,212) U.S. agency securities — — 14,858 (1,424) 14,858 (1,424) State, county & municipal securities 1,461 (78) 103,500 (13,781) 104,961 (13,859) Mortgage-backed securities — — 177,442 (25,316) 177,442 (25,316) $ 1,461 $ (78) $ 385,894 $ (43,733) $ 387,355 $ (43,811) December 31, 2022 U.S. treasury securities $ — $ — $ 87,466 $ (4,149) $ 87,466 $ (4,149) U.S. agency securities — — 14,571 (1,838) 14,571 (1,838) State, county & municipal securities 9,858 (1,392) 105,734 (18,126) 115,592 (19,518) Mortgage-backed securities 13,580 (729) 178,995 (28,392) 192,575 (29,121) $ 23,438 $ (2,121) $ 386,766 $ (52,505) $ 410,204 $ (54,626)
Schedule of Investments Classified by Contractual Maturity Date	This is often the case with mortgage-backed securities, which are disclosed separately in the table below. Available for Sale Held to Maturity (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 715 $ 713 $ 3,937 $ 3,882 Due after one year through five years 15,714 14,697 94,194 90,873 Due after five years through ten years 102,474 88,639 76,529 68,260 Due after ten years 89,490 81,644 71,613 65,119 $ 208,393 $ 185,693 $ 246,273 $ 228,134 Mortgage-backed securities 246,901 221,689 202,758 177,442 $ 455,294 $ 407,382 $ 449,031 $ 405,576

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents the composition of loans segregated by class of loans, as of December 31, 2023 and 2022. (dollars in thousands) December 31, 2023 December 31, 2022 Construction, land & land development $ 247,146 $ 229,435 Other commercial real estate 974,375 975,447 Total commercial real estate 1,221,521 1,204,882 Residential real estate 356,234 290,054 Commercial, financial & agricultural(*) 242,756 223,923 Consumer and other 62,959 18,247 Total loans $ 1,883,470 $ 1,737,106 (dollars in thousands) December 31, 2023 December 31, 2022 Construction, land & land development $ 7,027 $ 5,888 Other commercial real estate 40,852 32,642 Total commercial real estate 47,879 38,530 Residential real estate 12,170 8,036 Commercial, financial & agricultural 26,716 11,787 Total loans $ 86,765 $ 58,353
Schedule of Financing Receivable Credit Quality Indicators	The following table presents the loan portfolio segregated by class of loans and the risk category of term loans by vintage year, which is the year of origination or most recent renewal, as of December 31, 2023. Those loans with a risk grade of 1, 2, 3, 4 and 5 have been combined in the pass column for presentation purposes. There were no loans with a risk rating of "doubtful" or "loss" at December 31, 2023. Term Loans Amortized Cost Basis by Origination Year (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolvers Revolvers converted to term loans Total December 31, 2023 Construction, land & land development Risk rating Pass $ 112,587 $ 91,981 $ 27,332 $ 5,654 $ 1,000 $ 5,765 $ 605 $ 31 $ 244,955 Special Mention 792 — 25 — — 29 282 — 1,128 Substandard — 888 4 — 20 151 — — 1,063 Total Construction, land & land development 113,379 92,869 27,361 5,654 1,020 5,945 887 31 247,146 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial real estate Risk rating Pass 61,816 341,656 204,145 88,629 79,123 145,374 24,158 2,031 946,932 Special Mention 75 3,251 766 2,113 5,733 4,694 545 48 17,225 Substandard 2,303 2,615 211 — 486 4,395 208 — 10,218 Total Other commercial real estate 64,194 347,522 205,122 90,742 85,342 154,463 24,911 2,079 974,375 Current period gross write offs — — 69 — — — — — 69 Residential real estate Risk rating Pass 78,088 116,704 50,986 21,892 8,510 43,038 22,642 100 341,960 Special Mention 856 466 10 50 679 4,687 424 — 7,172 Substandard — 1,169 384 296 272 4,735 246 — 7,102 Total Residential real estate 78,944 118,339 51,380 22,238 9,461 52,460 23,312 100 356,234 Current period gross write offs 253 492 26 — — — — — 771 Commercial, financial & agricultural Risk rating Pass 66,820 51,439 21,673 12,489 4,734 14,002 58,607 306 230,070 Special Mention 4,186 894 376 745 188 40 974 — 7,403 Substandard 164 1,872 1,979 190 25 165 866 22 5,283 Total Commercial, financial & agricultural 71,170 54,205 24,028 13,424 4,947 14,207 60,447 328 242,756 Current period gross write offs 150 168 408 200 9 134 — — 1,069 Consumer and other Risk rating Pass 53,117 4,021 2,004 1,240 925 908 462 1 62,678 Special Mention 79 42 38 12 25 1 — — 197 Substandard 43 20 3 5 4 9 — — 84 Total Consumer and other 53,239 4,083 2,045 1,257 954 918 462 1 62,959 Current period gross write offs 9 12 10 2 — 2 — — 35 Total Loans Risk rating Pass 372,428 605,801 306,140 129,904 94,292 209,087 106,474 2,469 1,826,595 Special Mention 5,988 4,653 1,215 2,920 6,625 9,451 2,225 48 33,125 Substandard 2,510 6,564 2,581 491 807 9,455 1,320 22 23,750 Total Loans $ 380,926 $ 617,018 $ 309,936 $ 133,315 $ 101,724 $ 227,993 $ 110,019 $ 2,539 $ 1,883,470 Total current period gross write offs $ 412 $ 672 $ 513 $ 202 $ 9 $ 136 $ — $ — $ 1,944 The following table presents the loan portfolio by credit quality indicator (risk grade) as of December 31, 2022. Those loans with a risk grade of 1, 2, 3, 4, and 5 have been combined in the pass column for presentation purposes. There were no loans with a risk rating of “doubtful” or “loss” at December 31, 2022. (dollars in thousands) Pass Special Substandard Total Loans December 31, 2022 Construction, land & land development $ 228,494 $ 290 $ 651 $ 229,435 Other commercial real estate 951,126 17,562 6,759 975,447 Total commercial real estate 1,179,620 17,852 7,410 1,204,882 Residential real estate 277,930 6,574 5,550 290,054 Commercial, financial & agricultural 220,908 885 2,130 223,923 Consumer and other 18,157 54 36 18,247 Total loans $ 1,696,615 $ 25,365 $ 15,126 $ 1,737,106
Schedule of Age Analysis of Past Due Loans and Nonaccrual Loans	The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, as of December 31, 2023 and 2022. Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans December 31, 2023 Construction, land & land development $ 812 $ — $ 812 $ 85 $ 246,249 $ 247,146 Other commercial real estate 1,796 — 1,796 4,219 968,360 974,375 Total commercial real estate 2,608 — 2,608 4,304 1,214,609 1,221,521 Residential real estate 2,503 350 2,853 3,561 349,820 356,234 Commercial, financial & agricultural 775 — 775 1,956 240,025 242,756 Consumer and other 183 20 203 18 62,738 62,959 Total loans $ 6,069 $ 370 $ 6,439 $ 9,839 $ 1,867,192 $ 1,883,470 Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans December 31, 2022 Construction, land & land development $ — $ — $ — $ 149 $ 229,286 $ 229,435 Other commercial real estate 395 — 395 1,509 973,543 975,447 Total commercial real estate 395 — 395 1,658 1,202,829 1,204,882 Residential real estate 882 — 882 2,686 286,486 290,054 Commercial, financial & agricultural 476 — 476 1,341 222,106 223,923 Consumer and other 40 — 40 21 18,186 18,247 Total loans $ 1,793 $ — $ 1,793 $ 5,706 $ 1,729,607 $ 1,737,106
Financing Receivable, Nonaccrual	The following table is a summary of the Company's nonaccrual loans by major categories for the periods indicated. December 31, 2023 December 31, 2022 (dollars in thousands) Nonaccrual Loans with No Related ACL Nonaccrual Loans with a Related ACL Total Nonaccrual Loans Nonaccrual December 31, 2023 Construction, land & land development $ 27 $ 58 $ 85 $ 149 Other commercial real estate 2,806 1,413 4,219 1,509 Total commercial real estate 2,833 2,833 1,471 4,304 1,658 Residential real estate 725 2,836 3,561 2,686 Commercial, financial & agricultural — 1,956 1,956 1,341 Consumer and other — 18 18 21 Total loans $ 3,558 $ 6,281 $ 9,839 $ 5,706 As of December 31, 2023, loans secured by 1-4 family residential properties that were in the process of foreclosure were $1.0 million and are included in the total nonaccrual loan balance above. As of December 31, 2022, there were no loans in process of foreclosure.
Schedule of Impaired Loans	The following table details impaired loan data, including purchased credit impaired loans, as of December 31, 2022. (dollars in thousands) Unpaid Recorded Related Average With No Related Allowance Recorded Construction, land & land development $ 40 $ 40 $ — $ 10 Other commercial real estate 3,754 3,754 — 5,311 Residential real estate 62 62 — 570 Commercial, financial & agricultural — — — 306 Consumer and other — — — 1 3,856 3,856 — 6,198 With An Allowance Recorded Construction, land & land development 474 474 44 177 Other commercial real estate — — — 503 Residential real estate — — — 588 Commercial, financial & agricultural — — — 369 Consumer and other — — — — 474 474 44 1,637 Purchase credit impaired Construction, land & land development — — — — Other commercial real estate 798 798 33 760 Residential real estate — — — 13 Commercial, financial & agricultural — — — — Consumer and other — — — 65 798 798 33 838 Total Construction, land & land development 514 514 44 187 Other commercial real estate 4,552 4,552 33 6,574 Residential real estate 62 62 — 1,171 Commercial, financial & agricultural — — — 675 Consumer and other — — — 66 $ 5,128 $ 5,128 $ 77 $ 8,673
Financing Receivable, Modified	The following table presents loans modified due to a financial difficulty under the above terms during the year ended December 31, 2023 Loans modified due to financial difficulty (dollars in thousands) Term Extension Term Extension and Payment Delay Total* Residential real estate $ 12 $ — $ 12 Commercial, financial & agricultural — 10 10 Total Loans $ 12 $ 10 $ 22 *less than .01% of total class of receivable

ALLOWANCE FOR CREDIT LOSSES (Ta

ALLOWANCE FOR CREDIT LOSSES (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Schedule of Detail Activity in Allowance for Loan Losses	The following table presents the balance sheet activity in the ACL by portfolio segment for loans, using the CECL methodology for the year ended December 31, 2023. CECL (dollars in thousands) Balance, December 31, 2022 Adoption of ASU 2016-13 Charge-offs Recoveries Provision for credit losses on loans Balance, December 31, 2023 Year ended December 31, 2023 Construction, land & land development $ 1,959 $ 148 $ — $ 10 $ 87 $ 2,204 Other commercial real estate 8,886 (630) (69) 42 (1,165) 7,064 Total commercial real estate 10,845 (482) (69) 52 (1,078) 9,268 Residential real estate 2,354 1,053 (771) 79 2,390 5,105 Commercial, financial & agricultural 2,709 (690) (1,069) 201 959 2,110 Consumer and other 220 66 (35) 22 1,615 1,888 Total allowance for credit losses on loans $ 16,128 $ (53) $ (1,944) $ 354 $ 3,886 $ 18,371 The following table details activity in the allowance for loan losses, segregated by class of loans, using the incurred loss methodology for the year ended December 31, 2022. 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. Incurred Loss (dollars in thousands) Balance, December 31, 2021 Charge-offs Recoveries Provision Balance, December 31, 2022 Year ended December 31, 2022 Construction, land & land development $ 1,127 $ — $ 25 $ 807 $ 1,959 Other commercial real estate 7,691 (58) 85 1,168 8,886 Total commercial real estate 8,818 (58) 110 1,975 10,845 Residential real estate 1,805 (48) 50 547 2,354 Commercial, financial & agricultural 1,083 (314) 139 1,801 2,709 Consumer and other 1,204 (60) 29 (953) 220 Total allowance for loan losses $ 12,910 $ (480) $ 328 $ 3,370 $ 16,128 The following table represents the recorded investment in loans by portfolio segment and the balance of the allowance assigned to each segment based on the incurred loss methodology of evaluating the loans for impairment as of December 31, 2022. (dollars in thousands) Construction, Other Residential Commercial, Consumer and Total Year ended December 31, 2022 Period-end amount allocated to: Individually evaluated for impairment $ 44 $ — $ — $ — $ — $ 44 Collectively evaluated for impairment 1,915 8,853 2,354 2,709 220 16,051 Purchase credit impaired — 33 — — — 33 Ending balance $ 1,959 $ 8,886 $ 2,354 $ 2,709 $ 220 $ 16,128 Loans: Loans individually evaluated for impairment $ 514 $ 3,754 $ 62 $ — $ — $ 4,330 Loans collectively evaluated for impairment 228,921 970,895 289,992 223,923 18,247 1,731,978 Purchase credit impaired — 798 — — — 798 Ending balance $ 229,435 $ 975,447 $ 290,054 $ 223,923 $ 18,247 $ 1,737,106 The following table presents the balance and activity in the allowance for credit losses for unfunded commitments for the year ended December 31, 2023. (dollars in thousands) Total Allowance for Credit Losses-Unfunded Commitments Year Ended Balance, December 31, 2022 $ — Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 1,661 Change in unfunded commitments (286) Balance, December 31, 2023 $ 1,375

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	Premises and equipment are comprised of the following as of December 31: (dollars in thousands) 2023 2022 Land $ 11,559 $ 12,944 Building 38,567 37,718 Furniture, fixtures and equipment 20,670 19,524 Leasehold improvements 1,384 1,099 Construction in progress 182 942 Total cost 72,362 72,227 Accumulated depreciation (32,492) (30,621) Total premises and equipment $ 39,870 $ 41,606

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	12 Months Ended
	Dec. 31, 2023
Real Estate [Abstract]
Schedule of Activity in Other Real Estate Owned	The following is a summary of the activity in other real estate owned during the years ended December 31, 2023 and 2022: (dollars in thousands) 2023 2022 Balance, Beginning of year $ 651 $ 281 Loans transferred to other real estate 482 — Sales proceeds (3,477) (35) Transfer from premises and equipment 2,601 405 Net gain on sale 191 — Ending balance $ 448 $ 651

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	The following is an analysis of the core deposit intangible activity for the years ended December 31: 2023 2022 (dollars in thousands) Gross Accumulated Gross Accumulated Amortizable intangible assets: Core deposit intangible $ 7,685 $ 5,211 $ 7,685 $ 3,965 Customer relationship intangible 2,250 532 2,250 306 Total 9,935 5,743 9,935 4,271 Unamortizable intangible assets: Goodwill $ 48,923 $ 48,923
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated future amortization expense for intangible assets remaining as of December 31, 2023 is as follows: (dollars in thousands) Amount 2024 $ 1,217 2025 962 2026 658 2027 453 Thereafter 902 Total $ 4,192

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The income tax expense in the consolidated statements of income for the years ended December 31, 2023 and 2022 are as follows: (dollars in thousands) 2023 2022 Current federal expense $ 5,837 $ 2,855 Deferred federal expense (430) 782 Federal income tax expense 5,407 3,637 Current state expense 115 (474) Deferred state expense (56) 147 State income tax expense 59 (327) Provision for income taxes $ 5,466 $ 3,310
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the differences for the years ended December 31, 2023 and 2022 is as follows: (dollars in thousands) 2023 2022 Tax at federal income tax rate $ 5,715 $ 4,799 Change resulting from: State taxes 47 (258) Tax-exempt interest (238) (541) Income in cash value of bank owned life insurance (293) (329) Tax-exempt insurance premiums (192) (248) Other 427 (113) Provision for income taxes $ 5,466 $ 3,310
Schedule of Deferred Tax Assets and Liabilities	The components of deferred income taxes for the years ended December 31, 2023 and 2022 are as follows: (dollars in thousands) 2023 2022 Deferred Tax Assets Allowance for credit losses $ 4,675 $ 4,108 Lease liability 465 483 Net operating loss carryforwards 2,223 3,160 Tax credit carryforwards 469 501 Deferred compensation 278 282 Unrealized loss on securities available for sale 18,903 22,703 Restricted stock 251 308 Investment in partnerships 186 195 Unrealized loss on hedging investments 111 — Nonaccrual interest 521 50 Allowance for unfunded commitments 350 — Other 113 — Gross deferred tax assets 28,545 31,790 Deferred Tax Liabilities Premises and equipment 559 707 Right of use lease asset 402 467 Purchase accounting adjustments 1,831 1,779 Core deposit intangible 348 638 Gross deferred tax liabilities 3,140 3,591 Net deferred tax assets $ 25,405 $ 28,199

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits, by Component, Alternative [Abstract]
Schedule of Components on Interest-bearing Deposits	Components of interest-bearing deposits as of December 31 are as follows: (dollars in thousands) 2023 2022 Interest-bearing demand $ 759,299 $ 831,152 Savings and money market deposits 660,311 617,135 Time, $250,000 and over 167,680 114,780 Other time 458,508 358,760 Total interest-bearing deposits $ 2,045,798 $ 1,921,827
Schedule of Maturities of Certificates of Deposit	As of December 31, 2023, the scheduled maturities of certificates of deposit are as follows: (dollars in thousands) Year Ending December 31 Amount 2024 $ 548,834 2025 60,154 2026 7,737 2027 4,964 2028 4,231 Thereafter 268 Total time deposits $ 626,188

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Gain (Loss) on Interest Rate Swaps	The following table presents the amounts recorded in the consolidated statements of income and the consolidated statements of comprehensive income relating to the interest rate swaps for the year ended December 31, 2023. (dollars in thousands) Year ended December 31, 2023 Amount of loss recognized in OCI $ 326 Amount of gain reclassified from OCI to interest expense $ 349

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table presents information regarding the Company’s outstanding borrowings at December 31, 2023: Description Maturity Date Amount Interest Rate (dollars in thousands) FHLB Advances December 22, 2027 $ 15,000 4.00% FHLB Advances January 28, 2028 20,000 3.87% FHLB Advances February 15, 2028 20,000 3.83% FHLB Advances April 5, 2028 25,000 3.69% FHLB Advances April 6, 2026 25,000 3.90% FHLB Advances September 30, 2024 20,000 5.57% FHLB Advances March 25, 2024 25,000 5.51% FHLB Advances March 26, 2024 25,000 5.51% Subordinated notes May 20, 2032 39,216 5.25% Subordinated debentures (1) 24,229 (1) Total borrowings $ 238,445 (1) See individual maturity dates and interest rates in table below. The following table presents information regarding the Company’s outstanding borrowings at December 31, 2022: Description Maturity Date Amount Interest Rate (dollars in thousands) FHLB Advances March 21, 2028 $ 5,000 2.67% FHLB Advances January 5, 2023 20,000 4.18% FHLB Advances January 9, 2023 20,000 4.15% FHLB Advances March 8, 2023 10,000 4.65% FHLB Advances January 17, 2023 20,000 4.15% FHLB Advances January 20, 2023 15,000 4.23% FHLB Advances December 22, 2027 15,000 4.00% FHLB Advances January 30, 2023 20,000 4.23% FRB Discount Window January 5, 2023 15,000 4.10% Subordinated notes May 20, 2032 39,123 5.25% Subordinated debentures (1) 24,229 (1) Total borrowings $ 203,352 (1) See individual maturity dates and interest rates in table below.
Schedule of Subordinated Borrowing	The following table presents the information regarding the Company's subordinated debentures at December 31, 2023 and 2022. All subordinated debentures are at benchmark rates based on SOFR at December 31, 2023. Description Date Amount Added Maturity 5-Year (dollars in thousands) Colony Bankcorp Statutory Trust III June 16, 2004 $ 4,640 2.68% June 17, 2034 June 17, 2009 Colony Bankcorp Capital Trust I April 13, 2006 5,155 1.50% June 30, 2036 April 13, 2011 Colony Bankcorp Capital Trust II March 12, 2007 9,279 1.65% March 30, 2037 March 12, 2012 Colony Bankcorp Capital Trust III September 14, 2007 5,155 1.40% October 30, 2037 September 14, 2012

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of Balance Sheet Classification of Operating Lease Right-of-use Assets and Lease Liabilities	The following table represents the consolidated balance sheet classification of the Company’s ROU assets and liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet. (dollars in thousands) Classification December 31, 2023 December 31, 2022 Assets Operating lease right-of-use assets Other assets $ 1,579 $ 1,834 Liabilities Operating lease liabilities Other liabilities $ 1,829 $ 1,895
Schedule of Lessee, Operating Lease, Liability, Maturity	The following table represents the future maturities of the Company’s operating lease liabilities and other lease information. (dollars in thousands) Year Lease Liability 2024 $ 642 2025 596 2026 360 2027 297 2028 72 Total Lease Payments $ 1,967 Less: Interest (138) Present Value of Lease Liabilities $ 1,829
Supplemental Lease Information	Supplemental Lease Information: (dollars in thousands) December 31, 2023 December 31, 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases (cash payments) $ 645 $ 549 Operating lease right-of-use assets obtained in exchange for leases entered into during the period 500 1,750

COMPENSATION PLANS (Tables)

COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Schedule of Restricted Stock Awards	The following table presents the outstanding balance for restricted stock awards as of December 31, 2023 and 2022. Quantity Weighted-Average Grant Date Fair Value Outstanding at December 31, 2021 187,300 $ 17.93 Granted 139,720 16.11 Vested (71,154) 17.93 Forfeited (9,000) 17.36 Outstanding at December 31, 2022 246,866 16.92 Granted 55,210 9.67 Vested (103,224) 17.12 Forfeited (22,859) 16.29 Outstanding at December 31, 2023 175,993 14.67

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Financial Instruments Outstanding	At December 31, 2023 and 2022, the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount 2023 2022 (dollars in thousands) Commitments to extend credit $ 362,878 $ 379,997 Standby letters of credit 5,656 3,333

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Loans and Leases Receivable, Related Parties Disclosure [Abstract]
Schedule of Related Party Transactions	A summary of activity of related party loans is shown below: (dollars in thousands) 2023 2022 Balance, Beginning $ 3,443 $ 7,732 New loans 4,095 1,182 Repayments (1,146) (5,471) Transactions due to changes in directors (285) — Balance, Ending $ 6,107 $ 3,443

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Carrying Amount, Estimated Fair Value, and Placement in the Fair Value Hierarchy	The carrying amount, estimated fair values, and placement in the fair value hierarchy of the Company’s financial instruments are as follows: Carrying Estimated Level (dollars in thousands) Amount Fair Value 1 2 3 December 31, 2023 Assets Cash and short-term investments $ 83,322 $ 83,322 $ 83,322 $ — $ — Investment securities available for sale 407,382 407,382 — 396,568 10,814 Investment securities held to maturity 449,031 405,576 — 405,576 — Other investments 16,868 16,868 — 16,868 — Loans held for sale 27,958 27,958 — 27,958 — Loans, net 1,865,099 1,699,870 — — 1,699,870 Liabilities Deposits 2,544,790 2,538,477 — 2,538,477 — Federal Home Loan Bank advances 175,000 176,022 — 176,022 — Other borrowed money 63,445 51,056 — 51,056 — Derivative instruments 438 438 — 438 — December 31, 2022 Assets Cash and short-term investments $ 80,678 $ 80,678 $ 80,678 $ — $ — Investment securities available for sale 432,553 432,553 — 416,957 15,596 Investment securities held to maturity 465,858 411,264 411,264 — Other investments, at cost 13,793 13,793 — 13,003 790 Loans held for sale 17,743 17,743 — 17,743 — Loans, net 1,720,978 1,469,707 — — 1,469,707 Liabilities Deposits 2,490,997 2,489,481 — 2,489,481 — Federal Home Loan Bank advances 125,000 125,163 — 125,163 — Other borrowed money 78,352 69,930 — 69,930 —
Schedule of Assets Measured at Fair Value on a Recurring and Nonrecurring Basis	The table below includes collateral dependent loans and other real estate properties at December 31, 2023 and 2022. Those collateral dependent 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 Quoted Prices Significant Significant December 31, 2023 Nonrecurring Collateral dependent loans $ 1,410 $ — $ — $ 1,410 Other real estate 448 — — 448 December 31, 2022 Nonrecurring Collateral dependent loans $ 521 $ — $ — $ 521 Other real estate 651 — — 651
Schedule of Fair Value Measurements Using Significant Unobservable Inputs	The following tables present 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 December 31, 2023 and 2022. These tables are comprised primarily of collateral dependent impaired loans and other real estate owned: (dollars in thousands) December 31, 2023 Valuation Unobservable Range Collateral dependent loans $ 1,410 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % - 50% Other Real Estate $ 448 Appraised Value/ Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 0 % - 20% (dollars in thousands) December 31, 2022 Valuation Unobservable Range Collateral dependent loans $ 521 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % - 50% Other Real Estate $ 651 Appraised Value/ Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 0 % - 20% The following tables present quantitative information about recurring level 3 fair value measurements as of December 31, 2023 and 2022. December 31, 2023 (dollars in thousands) Fair Value Valuation Unobservable Range Available for sale securities $ 10,814 Discounted Cash Flow Discount Rate or Yield N/A* December 31, 2022 (dollars in thousands) Fair Value Valuation Unobservable Range Available for sale securities $ 15,596 Discounted Cash Flow Discount Rate or Yield N/A* Other investments $ 790 Discounted Cash Flow Discount Rate or Yield N/A* * The Company relies on a third-party pricing service to value its securities. The details of the unobservable inputs and other adjustments used by the third-party pricing service were not readily available to the Company.
Schedule of Reconciliation and Statement of Income Classification of Gains and Losses for All Assets Measured at Fair Value on a Recurring Basis	The following table 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 year ended December 31, 2023 and 2022: Available for sale securities Other Investments (dollars in thousands) 2023 2022 2023 2022 Beginning balance $ 15,596 $ — $ 790 $ 4,255 Additions — — — — Redemptions (2,733) — (800) (3,306) Total unrealized/realized gains (losses) included in earnings (270) — 10 (159) Transfers between levels (1,779) 15,596 — — Ending balance $ 10,814 $ 15,596 $ — $ 790

REGULATORY CAPITAL MARKETS (Tab

REGULATORY CAPITAL MARKETS (Tables)	12 Months Ended
	Dec. 31, 2023
Banking And Thrift Disclosure [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following table summarizes regulatory capital information as of December 31, 2023 and December 31, 2022 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for December 31, 2023 and 2022 were calculated in accordance with the Basel III rules. Actual For Capital To Be Well (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2023 Total Capital to Risk-Weighted Assets Consolidated $ 337,159 15.47 % $ 174,355 8.00 % $ 217,944 10.00 % Colony Bank 300,497 13.85 173,572 8.00 216,965 10.00 Tier I Capital to Risk-Weighted Assets Consolidated 278,196 12.77 130,711 6.00 174,281 8.00 Colony Bank 280,751 12.94 130,178 6.00 173,571 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 253,967 11.66 98,015 4.50 141,577 6.50 Colony Bank 280,751 12.94 97,634 4.50 141,026 6.50 Tier I Capital to Average Assets Consolidated 278,196 9.17 121,350 4.00 151,688 5.00 Colony Bank 280,751 9.28 121,013 4.00 151,267 5.00 As of December 31, 2022 Total Capital to Risk-Weighted Assets Consolidated $ 318,250 15.11 % $ 168,498 8.00 % N/A N/A Colony Bank 272,812 12.99 168,014 8.00 $ 210,017 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 262,999 12.49 126,341 6.00 N/A N/A Colony Bank 256,684 12.22 126,031 6.00 168,042 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 238,770 11.34 94,750 4.50 N/A N/A Colony Bank 256,684 12.22 94,524 4.50 136,534 6.50 Tier I Capital to Average Assets Consolidated 262,999 9.17 114,721 4.00 N/A N/A Colony Bank 256,684 8.97 114,463 4.00 143,079 5.00

FINANCIAL INFORMATION OF COLO_2

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) (Tables)	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheet	The parent company’s balance sheets as of December 31, 2023 and 2022 and the related statements of operations and comprehensive income (loss) and cash flows for each of the years in the two-year period then ended are as follows: COLONY BANKCORP, INC. (PARENT ONLY) BALANCE SHEETS DECEMBER 31 (DOLLARS IN THOUSANDS) 2023 2022 ASSETS Cash $ 29,057 $ 40,361 Investment in subsidiaries 283,968 249,868 Other 6,413 5,115 Total Assets $ 319,438 $ 295,344 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Other $ 1,058 $ 1,724 Subordinated notes 39,216 39,123 Subordinated debentures 24,229 24,229 Total Liabilities 64,503 65,076 Stockholders’ Equity Common stock, par value $1.00; 50,000,000 shares authorized, 17,564,182 and 17,598,123 shares issued and outstanding as of December 31, 2023 and 2022, respectively 17,564 17,598 Paid-in capital 168,614 167,537 Retained earnings 124,400 111,573 Accumulated other comprehensive loss, net of tax (55,643) (66,440) Total Stockholder’s Equity 254,935 230,268 Total Liabilities and Stockholders’ Equity $ 319,438 $ 295,344
Condensed Income Statement	COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31 (DOLLARS IN THOUSANDS) 2023 2022 Income Interest on deposits with banks $ 3 $ — Dividends from subsidiaries 1,055 10,295 Other 138 22 Total income 1,196 10,317 Expenses Interest 3,920 2,299 Salaries and employee benefits 457 457 Other 254 450 Total expenses 4,631 3,206 Income (loss) before income taxes and equity in undistributed earnings of subsidiaries (3,435) 7,111 Income tax benefit (680) (914) Income (loss) before equity in undistributed earnings of subsidiaries (2,755) 8,025 Equity in undistributed earnings of subsidiaries 24,502 11,517 Net income $ 21,747 $ 19,542
Condensed Cash Flow Statement	COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31 (DOLLARS IN THOUSANDS) 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 21,747 $ 19,542 Adjustments to reconcile net income to net cash provided by operating activities: Stock-based compensation expense 1,701 1,743 Equity in undistributed earnings of subsidiaries (24,502) (11,517) Amortization of debt issuance costs 93 55 Change in deferred taxes — (2,125) Change in interest payable 14 45 Other (1,977) 215 Net cash (used in) provided by operating activities (2,924) 7,958 CASH FLOWS FROM INVESTING ACTIVITIES Capital injection into Bank subsidiary — (53,000) Net cash used in investing activities — (53,000) CASH FLOWS FROM FINANCING ACTIVITIES Net increase (decrease) in other borrowed money — 26,560 Issuance of common stock — 59,468 Cash paid for tax withholding related to vesting of restricted stock (252) (231) Repurchase of shares (406) (540) Dividends paid on common stock (7,722) (7,158) Net cash (used in) provided by financing activities (8,380) 78,099 Net increase (decrease) in cash and cash equivalents (11,304) 33,057 Cash and cash equivalents at beginning of period 40,361 7,304 Cash and cash equivalents at end of period $ 29,057 $ 40,361

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents earnings per share for the years ended December 31, 2023 and 2022: 2023 2022 (dollars in thousands, except per share amounts) Numerator Net income available to common stockholders $ 21,747 $ 19,542 Denominator Weighted average number of common shares outstanding for basic earnings per common share 17,578,294 17,191,079 Weighted average number of common shares outstanding for diluted earnings per common share 17,578,294 17,191,079 Earnings per share - basic $ 1.24 $ 1.14 Earnings per share - diluted $ 1.24 $ 1.14

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present information reported internally for performance assessment as of December 31, 2023 and 2022: December 31, 2023 (dollars in thousands) Bank Mortgage Small Totals Net Interest Income $ 75,464 $ 109 $ 2,671 $ 78,244 Provision for Loan Losses 2,225 — 1,375 3,600 Noninterest Income 22,576 6,223 6,835 35,634 Noninterest Expenses 68,734 6,926 7,405 83,065 Income Taxes 5,454 (117) 129 5,466 Net income/(loss) $ 21,627 $ (477) $ 597 $ 21,747 Total assets $ 2,956,121 $ 7,890 $ 89,411 $ 3,053,422 Full Time Employees 378 42 33 453 December 31, 2022 (dollars in thousands) Bank Mortgage Small Totals Net Interest Income $ 79,240 $ 102 $ 1,330 $ 80,672 Provision for Loan Losses 3,370 — — 3,370 Noninterest Income 18,035 9,630 7,360 35,025 Noninterest Expenses 72,781 9,735 6,959 89,475 Income Taxes 3,010 98 202 3,310 Net income/(loss) $ 18,114 $ (101) $ 1,529 $ 19,542 Total assets $ 2,857,893 $ 18,221 $ 60,456 $ 2,936,570 Full Time Employees 427 65 30 522

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Jan. 01, 2023 USD ($)	Dec. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Accrued interest receivable on debt securities		$ 4,300	$ 4,500
Fair Value		407,382	432,553
Amortized Cost		449,031	465,858
Servicing asset at fair value, amount		$ 2,300	$ 1,900
Lease terms		6 years
Finite-lived intangible asset, useful life		10 years
Number of reportable segments | segment		3
Accounting Standards Update [Extensible Enumeration]			Accounting Standards Update 2016-13 [Member]
Retained earnings adjustment, net of tax		$ 254,935	$ 230,268		$ 217,707
Revision of Prior Period, Accounting Standards Update, Adjustment
Property, Plant and Equipment [Line Items]
Retained earnings adjustment, net of tax	[1]		(1,198)
Retained earnings
Property, Plant and Equipment [Line Items]
Retained earnings adjustment, net of tax		$ 124,400	$ 111,573		$ 99,189
Retained earnings | Revision of Prior Period, Accounting Standards Update, Adjustment
Property, Plant and Equipment [Line Items]
Retained earnings adjustment, net of tax				$ 1,200
Building
Property, Plant and Equipment [Line Items]
Premises and equipment, useful lives		40 years
Furniture, fixtures and equipment | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful lives		5 years
Furniture, fixtures and equipment | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful lives		10 years
Computer Equipment | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful lives		3 years
Computer Equipment | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful lives		5 years
[1] (1) Represents the impact of the adoption of Accounting Standards Update ("ASU") No. 216-13: CECL

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Sep. 01, 2022
Securities Available for Sale:
Amortized Cost	$ 455,294	$ 490,206
Gross Unrealized Gains	58	173
Gross Unrealized Losses	(47,970)	(57,826)
Fair Value	407,382	432,553
Securities Held to Maturity:
Amortized Cost	449,031	465,858
Gross Unrealized Gains	356	32
Gross Unrealized Losses	(43,811)	(54,626)
Fair Value	405,576	411,264	$ 477,000
U.S. treasury securities
Securities Available for Sale:
Amortized Cost	500	1,644
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2)	(22)
Fair Value	498	1,622
Securities Held to Maturity:
Amortized Cost	93,306	91,615
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(3,212)	(4,149)
Fair Value	90,094	87,466
U.S. agency securities
Securities Available for Sale:
Amortized Cost	4,500	5,035
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(361)	(450)
Fair Value	4,139	4,585
Securities Held to Maturity:
Amortized Cost	16,282	16,409
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,424)	(1,838)
Fair Value	14,858	14,571
Asset backed securities
Securities Available for Sale:
Amortized Cost	25,035	31,468
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(405)	(1,480)
Fair Value	24,630	29,988
State, county and municipal securities
Securities Available for Sale:
Amortized Cost	124,524	126,119
Gross Unrealized Gains	6	0
Gross Unrealized Losses	(15,494)	(21,363)
Fair Value	109,036	104,756
Securities Held to Maturity:
Amortized Cost	136,685	136,138
Gross Unrealized Gains	356	32
Gross Unrealized Losses	(13,859)	(19,518)
Fair Value	123,182	116,652
Corporate debt securities
Securities Available for Sale:
Amortized Cost	53,834	54,741
Gross Unrealized Gains	16	164
Gross Unrealized Losses	(6,460)	(5,320)
Fair Value	47,390	49,585
Mortgage-backed securities
Securities Available for Sale:
Amortized Cost	246,901	271,199
Gross Unrealized Gains	36	9
Gross Unrealized Losses	(25,248)	(29,191)
Fair Value	221,689	242,017
Securities Held to Maturity:
Amortized Cost	202,758	221,696
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(25,316)	(29,121)
Fair Value	$ 177,442	$ 192,575

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details)	8 Months Ended	12 Months Ended
	Sep. 01, 2022 USD ($)	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, accrued interest receivable		$ 2,400,000	$ 2,600,000
Held-to-maturity securities, accrued interest receivable		$ 1,900,000	$ 1,900,000
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Other	Other
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]		Other	Other
Held-to-maturity, book value	$ 511,000,000
Fair Value	477,000,000	$ 405,576,000	$ 411,264,000
Available-for-sale to held-to-maturity, transfer unrealized loss	$ 34,000,000		34,000,000
Debt securities, available-for-sale, expected credit loss		0
Debt securities, available-for-sale, allowance for credit loss		0
Debt securities, held-to-maturity, expected credit loss		0
Debt securities, held-to-maturity, allowance for credit loss		$ 0
Number of available-for-sale securities that have unrealized losses | security		273
Number of held-to-maturity securities that have unrealized losses | security		146
Debt securities, available-for-sale, decline due to credit quality		$ 0
Proceeds from sales of investment securities available for sale		0	60,924,000
Gross realized gains on available for sale securities			24,000
Gross realized losses on securities			106,000
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Investment securities pledged as collateral		$ 429,900,000	$ 541,800,000

INVESTMENT SECURITIES - Availab

INVESTMENT SECURITIES - Available-for-Sale Securities Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Estimated Fair Value
Less Than 12 Months	$ 14,596	$ 183,951
12 Months or More	387,424	246,349
Total	402,020	430,300
Unrealized Losses
Less Than 12 Months	(367)	(13,575)
12 Months or More	(47,603)	(44,251)
Total	(47,970)	(57,826)
U.S. treasury securities
Estimated Fair Value
Less Than 12 Months	0	1,377
12 Months or More	498	245
Total	498	1,622
Unrealized Losses
Less Than 12 Months	0	(17)
12 Months or More	(2)	(5)
Total	(2)	(22)
U.S. agency securities
Estimated Fair Value
Less Than 12 Months	0	3,221
12 Months or More	4,139	1,364
Total	4,139	4,585
Unrealized Losses
Less Than 12 Months	0	(257)
12 Months or More	(361)	(193)
Total	(361)	(450)
Asset backed securities
Estimated Fair Value
Less Than 12 Months	6,196	10,780
12 Months or More	17,424	19,208
Total	23,620	29,988
Unrealized Losses
Less Than 12 Months	(75)	(319)
12 Months or More	(330)	(1,161)
Total	(405)	(1,480)
State, county and municipal securities
Estimated Fair Value
Less Than 12 Months	1,033	29,284
12 Months or More	107,443	75,472
Total	108,476	104,756
Unrealized Losses
Less Than 12 Months	(138)	(3,629)
12 Months or More	(15,356)	(17,734)
Total	(15,494)	(21,363)
Corporate debt securities
Estimated Fair Value
Less Than 12 Months	1,446	17,258
12 Months or More	45,044	30,651
Total	46,490	47,909
Unrealized Losses
Less Than 12 Months	(105)	(1,463)
12 Months or More	(6,355)	(3,857)
Total	(6,460)	(5,320)
Mortgage-backed securities
Estimated Fair Value
Less Than 12 Months	5,921	122,031
12 Months or More	212,876	119,409
Total	218,797	241,440
Unrealized Losses
Less Than 12 Months	(49)	(7,890)
12 Months or More	(25,199)	(21,301)
Total	$ (25,248)	$ (29,191)

INVESTMENT SECURITIES - Held-to

INVESTMENT SECURITIES - Held-to-Maturity Securities Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value
Less Than 12 Months	$ 1,461	$ 23,438
12 Months or Greater	385,894	386,766
Total	387,355	410,204
Gross Unrealized Losses
Less Than 12 Months	(78)	(2,121)
12 Months or Greater	(43,733)	(52,505)
Total	(43,811)	(54,626)
U.S. treasury securities
Fair Value
Less Than 12 Months	0	0
12 Months or Greater	90,094	87,466
Total	90,094	87,466
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Greater	(3,212)	(4,149)
Total	(3,212)	(4,149)
U.S. agency securities
Fair Value
Less Than 12 Months	0	0
12 Months or Greater	14,858	14,571
Total	14,858	14,571
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Greater	(1,424)	(1,838)
Total	(1,424)	(1,838)
State, county and municipal securities
Fair Value
Less Than 12 Months	1,461	9,858
12 Months or Greater	103,500	105,734
Total	104,961	115,592
Gross Unrealized Losses
Less Than 12 Months	(78)	(1,392)
12 Months or Greater	(13,781)	(18,126)
Total	(13,859)	(19,518)
Mortgage-backed securities
Fair Value
Less Than 12 Months	0	13,580
12 Months or Greater	177,442	178,995
Total	177,442	192,575
Gross Unrealized Losses
Less Than 12 Months	0	(729)
12 Months or Greater	(25,316)	(28,392)
Total	$ (25,316)	$ (29,121)

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Sep. 01, 2022
Amortized Cost
Due in one year or less	$ 715
Due after one year through five years	15,714
Due after five years through ten years	102,474
Due after ten years	89,490
Total excluding mortgage-backed securities	208,393
Mortgage-backed securities	246,901
Amortized Cost	455,294	$ 490,206
Fair Value
Due in one year or less	713
Due after one year through five years	14,697
Due after five years through ten years	88,639
Due after ten years	81,644
Total excluding mortgage-backed securities	185,693
Mortgage-backed securities	221,689
Fair Value	407,382	432,553
Amortized Cost
Due in one year or less	3,937
Due after one year through five years	94,194
Due after five years through ten years	76,529
Due after ten years	71,613
Total amortized cost	246,273
Mortgage-backed securities	202,758
Amortized Cost	449,031	465,858
Fair Value
Due in one year or less	3,882
Due after one year through five years	90,873
Due after five years through ten years	68,260
Due after ten years	65,119
Total fair value	228,134
Mortgage-backed securities	177,442
Fair Value	$ 405,576	$ 411,264	$ 477,000

LOANS - Segregated by Class of

LOANS - Segregated by Class of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	$ 1,883,470	$ 1,737,106
Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	86,765	58,353
Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		229,435
Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		975,447
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	1,221,521	1,204,882
Commercial real estate | Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	47,879	38,530
Commercial real estate | Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	247,146	229,435
Commercial real estate | Construction, land & land development | Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	7,027	5,888
Commercial real estate | Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	974,375	975,447
Commercial real estate | Other commercial real estate | Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	40,852	32,642
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	356,234	290,054
Residential real estate | Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	12,170	8,036
Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	242,756	223,923
Commercial, financial & agricultural | Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	26,716	11,787
Commercial, financial & agricultural | Paycheck Protection Program, CARES Act
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		95
Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	$ 62,959	$ 18,247

LOANS - Narrative (Details)

LOANS - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) modified_loan loan	Dec. 31, 2022 USD ($) loan
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	$ 1,883,470,000	$ 1,737,106,000
Accrued interest receivable for loans	8,800,000	6,800,000
Minimum loan balance to review high risk loans	500,000
Mortgage loans in process of foreclosure	1,000,000
Interest income on impaired loans	430,000
Interest lost on nonaccrual loans	$ 3,100,000
Interest income on impaired loans		724,000
Interest lost on nonaccrual loans		1,300,000
Unfunded commitments to lend		$ 0
Number of loan contracts with subsequent default | loan		0
Number of loan contracts with subsequent default | loan	0
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	$ 356,234,000	$ 290,054,000
Residential real estate | Term Extension
Loans and Leases Receivable Disclosure [Line Items]
Number of loan contracts restructured | modified_loan	1
Term extension from modification	2 years
Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	$ 242,756,000	223,923,000
Commercial, financial & agricultural | Term Extension and Payment Delay
Loans and Leases Receivable Disclosure [Line Items]
Number of loan contracts restructured | modified_loan	1
Term extension from modification	2 years
Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	$ 86,765,000	58,353,000
Loans Insured or Guaranteed by US Government Authorities | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	12,170,000	8,036,000
Loans Insured or Guaranteed by US Government Authorities | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	$ 26,716,000	$ 11,787,000

LOANS - Loan Portfolio by Credi

LOANS - Loan Portfolio by Credit Quality Indicator (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
2023	$ 380,926
2023, current period gross write-offs	412
2022	617,018
2022, current period gross write-offs	672
2021	309,936
2021, current period gross write-offs	513
2020	133,315
2020, current period gross write-offs	202
2019	101,724
2019, current period gross write-offs	9
Prior	227,993
Prior, current period gross write-offs	136
Revolvers	110,019
Revolvers, current period gross write-offs	0
Revolvers converted to term loans	2,539
Revolvers converted to term loans, current period gross write-offs	0
Loans, net of unearned income	1,883,470	$ 1,737,106
Loans, current period gross write-offs	1,944
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	1,221,521	1,204,882
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	78,944
2023, current period gross write-offs	253
2022	118,339
2022, current period gross write-offs	492
2021	51,380
2021, current period gross write-offs	26
2020	22,238
2020, current period gross write-offs	0
2019	9,461
2019, current period gross write-offs	0
Prior	52,460
Prior, current period gross write-offs	0
Revolvers	23,312
Revolvers, current period gross write-offs	0
Revolvers converted to term loans	100
Revolvers converted to term loans, current period gross write-offs	0
Loans, net of unearned income	356,234	290,054
Loans, current period gross write-offs	771
Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
2023	71,170
2023, current period gross write-offs	150
2022	54,205
2022, current period gross write-offs	168
2021	24,028
2021, current period gross write-offs	408
2020	13,424
2020, current period gross write-offs	200
2019	4,947
2019, current period gross write-offs	9
Prior	14,207
Prior, current period gross write-offs	134
Revolvers	60,447
Revolvers, current period gross write-offs	0
Revolvers converted to term loans	328
Revolvers converted to term loans, current period gross write-offs	0
Loans, net of unearned income	242,756	223,923
Loans, current period gross write-offs	1,069
Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
2023	53,239
2023, current period gross write-offs	9
2022	4,083
2022, current period gross write-offs	12
2021	2,045
2021, current period gross write-offs	10
2020	1,257
2020, current period gross write-offs	2
2019	954
2019, current period gross write-offs	0
Prior	918
Prior, current period gross write-offs	2
Revolvers	462
Revolvers, current period gross write-offs	0
Revolvers converted to term loans	1
Revolvers converted to term loans, current period gross write-offs	0
Loans, net of unearned income	62,959	18,247
Loans, current period gross write-offs	35
Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		229,435
Construction, land & land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	113,379
2023, current period gross write-offs	0
2022	92,869
2022, current period gross write-offs	0
2021	27,361
2021, current period gross write-offs	0
2020	5,654
2020, current period gross write-offs	0
2019	1,020
2019, current period gross write-offs	0
Prior	5,945
Prior, current period gross write-offs	0
Revolvers	887
Revolvers, current period gross write-offs	0
Revolvers converted to term loans	31
Revolvers converted to term loans, current period gross write-offs	0
Loans, net of unearned income	247,146	229,435
Loans, current period gross write-offs	0
Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		975,447
Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	64,194
2023, current period gross write-offs	0
2022	347,522
2022, current period gross write-offs	0
2021	205,122
2021, current period gross write-offs	69
2020	90,742
2020, current period gross write-offs	0
2019	85,342
2019, current period gross write-offs	0
Prior	154,463
Prior, current period gross write-offs	0
Revolvers	24,911
Revolvers, current period gross write-offs	0
Revolvers converted to term loans	2,079
Revolvers converted to term loans, current period gross write-offs	0
Loans, net of unearned income	974,375	975,447
Loans, current period gross write-offs	69
Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	1,883,470	1,737,106
Legacy Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	1,221,521	1,204,882
Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	356,234	290,054
Legacy Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	242,756	223,923
Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	62,959	18,247
Legacy Loans | Construction, land & land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	247,146	229,435
Legacy Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	974,375	975,447
Pass
Loans and Leases Receivable Disclosure [Line Items]
2023	372,428
2022	605,801
2021	306,140
2020	129,904
2019	94,292
Prior	209,087
Revolvers	106,474
Revolvers converted to term loans	2,469
Loans, net of unearned income	1,826,595
Pass | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	78,088
2022	116,704
2021	50,986
2020	21,892
2019	8,510
Prior	43,038
Revolvers	22,642
Revolvers converted to term loans	100
Loans, net of unearned income	341,960
Pass | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
2023	66,820
2022	51,439
2021	21,673
2020	12,489
2019	4,734
Prior	14,002
Revolvers	58,607
Revolvers converted to term loans	306
Loans, net of unearned income	230,070
Pass | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
2023	53,117
2022	4,021
2021	2,004
2020	1,240
2019	925
Prior	908
Revolvers	462
Revolvers converted to term loans	1
Loans, net of unearned income	62,678
Pass | Construction, land & land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	112,587
2022	91,981
2021	27,332
2020	5,654
2019	1,000
Prior	5,765
Revolvers	605
Revolvers converted to term loans	31
Loans, net of unearned income	244,955
Pass | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	61,816
2022	341,656
2021	204,145
2020	88,629
2019	79,123
Prior	145,374
Revolvers	24,158
Revolvers converted to term loans	2,031
Loans, net of unearned income	946,932
Pass | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		1,696,615
Pass | Legacy Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		1,179,620
Pass | Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		277,930
Pass | Legacy Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		220,908
Pass | Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		18,157
Pass | Legacy Loans | Construction, land & land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		228,494
Pass | Legacy Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		951,126
Special Mention
Loans and Leases Receivable Disclosure [Line Items]
2023	5,988
2022	4,653
2021	1,215
2020	2,920
2019	6,625
Prior	9,451
Revolvers	2,225
Revolvers converted to term loans	48
Loans, net of unearned income	33,125
Special Mention | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	856
2022	466
2021	10
2020	50
2019	679
Prior	4,687
Revolvers	424
Revolvers converted to term loans	0
Loans, net of unearned income	7,172
Special Mention | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
2023	4,186
2022	894
2021	376
2020	745
2019	188
Prior	40
Revolvers	974
Revolvers converted to term loans	0
Loans, net of unearned income	7,403
Special Mention | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
2023	79
2022	42
2021	38
2020	12
2019	25
Prior	1
Revolvers	0
Revolvers converted to term loans	0
Loans, net of unearned income	197
Special Mention | Construction, land & land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	792
2022	0
2021	25
2020	0
2019	0
Prior	29
Revolvers	282
Revolvers converted to term loans	0
Loans, net of unearned income	1,128
Special Mention | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	75
2022	3,251
2021	766
2020	2,113
2019	5,733
Prior	4,694
Revolvers	545
Revolvers converted to term loans	48
Loans, net of unearned income	17,225
Special Mention | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		25,365
Special Mention | Legacy Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		17,852
Special Mention | Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		6,574
Special Mention | Legacy Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		885
Special Mention | Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		54
Special Mention | Legacy Loans | Construction, land & land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		290
Special Mention | Legacy Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		17,562
Substandard
Loans and Leases Receivable Disclosure [Line Items]
2023	2,510
2022	6,564
2021	2,581
2020	491
2019	807
Prior	9,455
Revolvers	1,320
Revolvers converted to term loans	22
Loans, net of unearned income	23,750
Substandard | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	0
2022	1,169
2021	384
2020	296
2019	272
Prior	4,735
Revolvers	246
Revolvers converted to term loans	0
Loans, net of unearned income	7,102
Substandard | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
2023	164
2022	1,872
2021	1,979
2020	190
2019	25
Prior	165
Revolvers	866
Revolvers converted to term loans	22
Loans, net of unearned income	5,283
Substandard | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
2023	43
2022	20
2021	3
2020	5
2019	4
Prior	9
Revolvers	0
Revolvers converted to term loans	0
Loans, net of unearned income	84
Substandard | Construction, land & land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	0
2022	888
2021	4
2020	0
2019	20
Prior	151
Revolvers	0
Revolvers converted to term loans	0
Loans, net of unearned income	1,063
Substandard | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2023	2,303
2022	2,615
2021	211
2020	0
2019	486
Prior	4,395
Revolvers	208
Revolvers converted to term loans	0
Loans, net of unearned income	$ 10,218
Substandard | Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		15,126
Substandard | Legacy Loans | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		7,410
Substandard | Legacy Loans | Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		5,550
Substandard | Legacy Loans | Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		2,130
Substandard | Legacy Loans | Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		36
Substandard | Legacy Loans | Construction, land & land development | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		651
Substandard | Legacy Loans | Other commercial real estate | Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income		$ 6,759

LOANS - Age Analysis of Past Du

LOANS - Age Analysis of Past Due Loans and Nonaccrual (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 1,883,470	$ 1,737,106
Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,883,470	1,737,106
Nonaccrual Loans	9,839	5,706
30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	6,069	1,793
90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	370	0
Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	6,439	1,793
Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,867,192	1,729,607
Construction, land & land development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income		229,435
Other commercial real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income		975,447
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,221,521	1,204,882
Commercial real estate | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,221,521	1,204,882
Nonaccrual Loans	4,304	1,658
Commercial real estate | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,608	395
Commercial real estate | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Commercial real estate | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,608	395
Commercial real estate | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,214,609	1,202,829
Commercial real estate | Construction, land & land development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	247,146	229,435
Commercial real estate | Construction, land & land development | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	247,146	229,435
Nonaccrual Loans	85	149
Commercial real estate | Construction, land & land development | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	812	0
Commercial real estate | Construction, land & land development | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Commercial real estate | Construction, land & land development | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	812	0
Commercial real estate | Construction, land & land development | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	246,249	229,286
Commercial real estate | Other commercial real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	974,375	975,447
Commercial real estate | Other commercial real estate | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	974,375	975,447
Nonaccrual Loans	4,219	1,509
Commercial real estate | Other commercial real estate | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,796	395
Commercial real estate | Other commercial real estate | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Commercial real estate | Other commercial real estate | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,796	395
Commercial real estate | Other commercial real estate | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	968,360	973,543
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	356,234	290,054
Residential real estate | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	356,234	290,054
Nonaccrual Loans	3,561	2,686
Residential real estate | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,503	882
Residential real estate | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	350	0
Residential real estate | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,853	882
Residential real estate | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	349,820	286,486
Commercial, financial & agricultural
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	242,756	223,923
Commercial, financial & agricultural | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	242,756	223,923
Nonaccrual Loans	1,956	1,341
Commercial, financial & agricultural | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	775	476
Commercial, financial & agricultural | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Commercial, financial & agricultural | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	775	476
Commercial, financial & agricultural | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	240,025	222,106
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	62,959	18,247
Consumer and other | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	62,959	18,247
Nonaccrual Loans	18	21
Consumer and other | 30-89 Days Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	183	40
Consumer and other | 90 Days or More Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	20	0
Consumer and other | Total Accruing Loans Past Due | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	203	40
Consumer and other | Current Loans | Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 62,738	$ 18,186

LOANS - Nonaccrual Loans (Detai

LOANS - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	$ 3,558
Nonaccrual Loans with a Related ACL	6,281
Total Nonaccrual Loans	9,839	$ 5,706
Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	2,833
Nonaccrual Loans with a Related ACL	1,471
Total Nonaccrual Loans	4,304	1,658
Commercial real estate | Construction, land & land development
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	27
Nonaccrual Loans with a Related ACL	58
Total Nonaccrual Loans	85	149
Commercial real estate | Other commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	2,806
Nonaccrual Loans with a Related ACL	1,413
Total Nonaccrual Loans	4,219	1,509
Residential real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	725
Nonaccrual Loans with a Related ACL	2,836
Total Nonaccrual Loans	3,561	2,686
Commercial, financial & agricultural
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	0
Nonaccrual Loans with a Related ACL	1,956
Total Nonaccrual Loans	1,956	1,341
Consumer and other
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	0
Nonaccrual Loans with a Related ACL	18
Total Nonaccrual Loans	$ 18	$ 21

LOANS - Impaired Loan Data (Det

LOANS - Impaired Loan Data (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	$ 3,856
With An Allowance Recorded	474
Loans Including Purchased Credit Impaired Loans	5,128
Recorded Investment
With No Related Allowance Recorded	3,856
With An Allowance Recorded	474
Purchase credit impaired	5,128
Related Allowance
With An Allowance Recorded	44
Total Impaired Loans	77
Average Recorded Investment
With No Related Allowance Recorded	6,198
With An Allowance Recorded	1,637
Loans Including Purchased Credit Impaired Loans	8,673
Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	798
Recorded Investment
Purchase credit impaired	798
Related Allowance
With An Allowance Recorded	33
Purchase credit impaired	33
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	838
Residential real estate
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	62
With An Allowance Recorded	0
Loans Including Purchased Credit Impaired Loans	62
Recorded Investment
With No Related Allowance Recorded	62
With An Allowance Recorded	0
Purchase credit impaired	62
Related Allowance
With An Allowance Recorded	0
Total Impaired Loans	0
Average Recorded Investment
With No Related Allowance Recorded	570
With An Allowance Recorded	588
Loans Including Purchased Credit Impaired Loans	1,171
Residential real estate | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	0
Recorded Investment
Purchase credit impaired	0
Related Allowance
With An Allowance Recorded	0
Purchase credit impaired	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	13
Commercial, financial & agricultural
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	0
With An Allowance Recorded	0
Loans Including Purchased Credit Impaired Loans	0
Recorded Investment
With No Related Allowance Recorded	0
With An Allowance Recorded	0
Purchase credit impaired	0
Related Allowance
With An Allowance Recorded	0
Total Impaired Loans	0
Average Recorded Investment
With No Related Allowance Recorded	306
With An Allowance Recorded	369
Loans Including Purchased Credit Impaired Loans	675
Commercial, financial & agricultural | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	0
Recorded Investment
Purchase credit impaired	0
Related Allowance
With An Allowance Recorded	0
Purchase credit impaired	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	0
Consumer and other
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	0
With An Allowance Recorded	0
Loans Including Purchased Credit Impaired Loans	0
Recorded Investment
With No Related Allowance Recorded	0
With An Allowance Recorded	0
Purchase credit impaired	0
Related Allowance
With An Allowance Recorded	0
Total Impaired Loans	0
Average Recorded Investment
With No Related Allowance Recorded	1
With An Allowance Recorded	0
Loans Including Purchased Credit Impaired Loans	66
Consumer and other | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	0
Recorded Investment
Purchase credit impaired	0
Related Allowance
With An Allowance Recorded	0
Purchase credit impaired	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	65
Construction, land & land development
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	40
With An Allowance Recorded	474
Loans Including Purchased Credit Impaired Loans	514
Recorded Investment
With No Related Allowance Recorded	40
With An Allowance Recorded	474
Purchase credit impaired	514
Related Allowance
With An Allowance Recorded	44
Total Impaired Loans	44
Average Recorded Investment
With No Related Allowance Recorded	10
With An Allowance Recorded	177
Loans Including Purchased Credit Impaired Loans	187
Construction, land & land development | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	0
Recorded Investment
Purchase credit impaired	0
Related Allowance
With An Allowance Recorded	0
Purchase credit impaired	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	0
Other commercial real estate
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	3,754
With An Allowance Recorded	0
Loans Including Purchased Credit Impaired Loans	4,552
Recorded Investment
With No Related Allowance Recorded	3,754
With An Allowance Recorded	0
Purchase credit impaired	4,552
Related Allowance
With An Allowance Recorded	0
Total Impaired Loans	33
Average Recorded Investment
With No Related Allowance Recorded	5,311
With An Allowance Recorded	503
Loans Including Purchased Credit Impaired Loans	6,574
Other commercial real estate | Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	798
Recorded Investment
Purchase credit impaired	798
Related Allowance
With An Allowance Recorded	33
Purchase credit impaired	33
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	$ 760

LOANS - Summary of Loans Modifi

LOANS - Summary of Loans Modified Due to Financial Difficulty (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	$ 22
Term Extension
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	12
Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	10
Residential real estate
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	12
Residential real estate | Term Extension
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	12
Residential real estate | Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	0
Commercial, financial & agricultural
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	10
Commercial, financial & agricultural | Term Extension
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	0
Commercial, financial & agricultural | Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	$ 10

ALLOWANCE FOR CREDIT LOSSES - S

ALLOWANCE FOR CREDIT LOSSES - Segregated by Class of Loan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 16,128	$ 12,910
Charge-offs	(1,944)	(480)
Recoveries	354	328
Provision for credit losses on loans	3,886	3,370
Ending balance	18,371	16,128
Period-end amount allocated to:
Individually evaluated for impairment		44
Collectively evaluated for impairment		16,051
Purchase credit impaired		44
Allowance for credit loss	18,371	16,128
Loans:
Loans individually evaluated for impairment		4,330
Loans collectively evaluated for impairment		1,731,978
Purchase credit impaired		5,128
Ending Balance	1,883,470	1,737,106
Financial Asset Acquired with Credit Deterioration
Period-end amount allocated to:
Purchase credit impaired		33
Loans:
Purchase credit impaired		798
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	(53)
Ending balance		(53)
Period-end amount allocated to:
Allowance for credit loss		(53)
Construction, land & land development
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,959
Ending balance		1,959
Period-end amount allocated to:
Individually evaluated for impairment		44
Collectively evaluated for impairment		1,915
Purchase credit impaired		44
Allowance for credit loss		1,959
Loans:
Loans individually evaluated for impairment		514
Loans collectively evaluated for impairment		228,921
Purchase credit impaired		514
Ending Balance		229,435
Construction, land & land development | Financial Asset Acquired with Credit Deterioration
Period-end amount allocated to:
Purchase credit impaired		0
Loans:
Purchase credit impaired		0
Other commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	8,886
Ending balance		8,886
Period-end amount allocated to:
Individually evaluated for impairment		0
Collectively evaluated for impairment		8,853
Purchase credit impaired		0
Allowance for credit loss		8,886
Loans:
Loans individually evaluated for impairment		3,754
Loans collectively evaluated for impairment		970,895
Purchase credit impaired		4,552
Ending Balance		975,447
Other commercial real estate | Financial Asset Acquired with Credit Deterioration
Period-end amount allocated to:
Purchase credit impaired		33
Loans:
Purchase credit impaired		798
Commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	10,845	8,818
Charge-offs	(69)	(58)
Recoveries	52	110
Provision for credit losses on loans	(1,078)	1,975
Ending balance	9,268	10,845
Period-end amount allocated to:
Allowance for credit loss	9,268	10,845
Loans:
Ending Balance	1,221,521	1,204,882
Commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	(482)
Ending balance		(482)
Period-end amount allocated to:
Allowance for credit loss		(482)
Commercial real estate | Construction, land & land development
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,959	1,127
Charge-offs	0	0
Recoveries	10	25
Provision for credit losses on loans	87	807
Ending balance	2,204	1,959
Period-end amount allocated to:
Allowance for credit loss	2,204	1,959
Loans:
Ending Balance	247,146	229,435
Commercial real estate | Construction, land & land development | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	148
Ending balance		148
Period-end amount allocated to:
Allowance for credit loss		148
Commercial real estate | Other commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	8,886	7,691
Charge-offs	(69)	(58)
Recoveries	42	85
Provision for credit losses on loans	(1,165)	1,168
Ending balance	7,064	8,886
Period-end amount allocated to:
Allowance for credit loss	7,064	8,886
Loans:
Ending Balance	974,375	975,447
Commercial real estate | Other commercial real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	(630)
Ending balance		(630)
Period-end amount allocated to:
Allowance for credit loss		(630)
Residential real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,354	1,805
Charge-offs	(771)	(48)
Recoveries	79	50
Provision for credit losses on loans	2,390	547
Ending balance	5,105	2,354
Period-end amount allocated to:
Individually evaluated for impairment		0
Collectively evaluated for impairment		2,354
Purchase credit impaired		0
Allowance for credit loss	5,105	2,354
Loans:
Loans individually evaluated for impairment		62
Loans collectively evaluated for impairment		289,992
Purchase credit impaired		62
Ending Balance	356,234	290,054
Residential real estate | Financial Asset Acquired with Credit Deterioration
Period-end amount allocated to:
Purchase credit impaired		0
Loans:
Purchase credit impaired		0
Residential real estate | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,053
Ending balance		1,053
Period-end amount allocated to:
Allowance for credit loss		1,053
Commercial, financial & agricultural
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,709	1,083
Charge-offs	(1,069)	(314)
Recoveries	201	139
Provision for credit losses on loans	959	1,801
Ending balance	2,110	2,709
Period-end amount allocated to:
Individually evaluated for impairment		0
Collectively evaluated for impairment		2,709
Purchase credit impaired		0
Allowance for credit loss	2,110	2,709
Loans:
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		223,923
Purchase credit impaired		0
Ending Balance	242,756	223,923
Commercial, financial & agricultural | Financial Asset Acquired with Credit Deterioration
Period-end amount allocated to:
Purchase credit impaired		0
Loans:
Purchase credit impaired		0
Commercial, financial & agricultural | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	(690)
Ending balance		(690)
Period-end amount allocated to:
Allowance for credit loss		(690)
Consumer and other
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	220	1,204
Charge-offs	(35)	(60)
Recoveries	22	29
Provision for credit losses on loans	1,615	(953)
Ending balance	1,888	220
Period-end amount allocated to:
Individually evaluated for impairment		0
Collectively evaluated for impairment		220
Purchase credit impaired		0
Allowance for credit loss	1,888	220
Loans:
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		18,247
Purchase credit impaired		0
Ending Balance	62,959	18,247
Consumer and other | Financial Asset Acquired with Credit Deterioration
Period-end amount allocated to:
Purchase credit impaired		0
Loans:
Purchase credit impaired		0
Consumer and other | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 66
Ending balance		66
Period-end amount allocated to:
Allowance for credit loss		$ 66

ALLOWANCE FOR CREDIT LOSSES - N

ALLOWANCE FOR CREDIT LOSSES - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Receivables [Abstract]
Supportable forecast period	1 year
Minimum loan balance to review high risk loans	$ 500

ALLOWANCE FOR CREDIT LOSSES - U

ALLOWANCE FOR CREDIT LOSSES - Unfunded Commitments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning balance	$ 16,128
Ending balance	18,371
Cumulative Effect, Period of Adoption, Adjustment
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning balance	(53)
Unfunded Loan Commitment
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning balance	0
Change in unfunded commitments	(286)
Ending balance	1,375
Unfunded Loan Commitment | Cumulative Effect, Period of Adoption, Adjustment
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Beginning balance	$ 1,661

PREMISES AND EQUIPMENT - Premis

PREMISES AND EQUIPMENT - Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	$ 72,362	$ 72,227
Accumulated depreciation	(32,492)	(30,621)
Total premises and equipment	39,870	41,606
Land
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	11,559	12,944
Building
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	38,567	37,718
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	20,670	19,524
Leasehold improvements
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	1,384	1,099
Construction in progress
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	$ 182	$ 942

PREMISES AND EQUIPMENT - Narrat

PREMISES AND EQUIPMENT - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 2,400	$ 2,700
Construction in process, cost, maximum	$ 72

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other Real Estate [Roll Forward]
Balance, Beginning of year	$ 651	$ 281
Loans transferred to other real estate	482	0
Sales proceeds	(3,477)	(35)
Transfer from premises and equipment	2,601	405
Net gain on sale	191	0
Ending balance	$ 448	$ 651

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Analysis of the Core Deposit Intangible Activity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 9,935	$ 9,935
Accumulated Amortization	5,743	4,271
Goodwill	48,923	48,923
Core deposit intangible
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	7,685	7,685
Accumulated Amortization	5,211	3,965
Customer relationship intangible
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,250	2,250
Accumulated Amortization	$ 532	$ 306

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense of intangibles	$ 1.5	$ 1.7

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Estimated Future Amortization Expense (Details) - Core deposit intangible $ in Thousands	Dec. 31, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
2024	$ 1,217
2025	962
2026	658
2027	453
Thereafter	902
Total	$ 4,192

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Current federal expense	$ 5,837	$ 2,855
Deferred federal expense	(430)	782
Federal income tax expense	5,407	3,637
Current state expense	115	(474)
Deferred state expense	(56)	147
State income tax expense	59	(327)
Provision for income taxes	$ 5,466	$ 3,310

INCOME TAXES - Effective Income

INCOME TAXES - Effective Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Tax at federal income tax rate	$ 5,715	$ 4,799
Change resulting from:
State taxes	47	(258)
Tax-exempt interest	(238)	(541)
Income in cash value of bank owned life insurance	(293)	(329)
Tax-exempt insurance premiums	(192)	(248)
Other	427	(113)
Provision for income taxes	$ 5,466	$ 3,310

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets
Allowance for credit losses	$ 4,675	$ 4,108
Lease liability	465	483
Net operating loss carryforwards	2,223	3,160
Tax credit carryforwards	469	501
Deferred compensation	278	282
Unrealized loss on securities available for sale	18,903	22,703
Restricted stock	251	308
Investment in partnerships	186	195
Unrealized loss on hedging investments	111	0
Nonaccrual interest	521	50
Allowance for unfunded commitments	350	0
Other	113	0
Gross deferred tax assets	28,545	31,790
Deferred Tax Liabilities
Premises and equipment	559	707
Right of use lease asset	402	467
Purchase accounting adjustments	1,831	1,779
Core deposit intangible	348	638
Gross deferred tax liabilities	3,140	3,591
Net deferred tax assets	$ 25,405	$ 28,199

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits, by Component, Alternative [Abstract]
Overdrawn deposit accounts reclassified as loan balances	$ 662	$ 612
Brokered deposits	93,600	50,800
Time deposits, at or above FDIC insurance limit	$ 167,700	$ 114,800

DEPOSITS - Components of Intere

DEPOSITS - Components of Interest-bearing Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits, by Component, Alternative [Abstract]
Interest-bearing demand	$ 759,299	$ 831,152
Savings and money market deposits	660,311	617,135
Time, $250,000 and over	167,680	114,780
Other time	458,508	358,760
Total interest-bearing deposits	$ 2,045,798	$ 1,921,827

DEPOSITS - Scheduled Maturities

DEPOSITS - Scheduled Maturities of Certificates of Deposit (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Deposits, by Component, Alternative [Abstract]
2024	$ 548,834
2025	60,154
2026	7,737
2027	4,964
2028	4,231
Thereafter	268
Total time deposits	$ 626,188

DERIVATIVES - Narrative (Detail

DERIVATIVES - Narrative (Details) $ in Thousands			12 Months Ended
	Jun. 26, 2023 USD ($)	Jun. 23, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2023 interest_rate_swap
Derivative Instruments, Gain (Loss) [Line Items]
Number of interest rate swaps | interest_rate_swap					2
Derivative instruments			$ 438
Amount of gain reclassified from OCI to interest expense			349	$ 0
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain reclassified from OCI to interest expense			$ 349
Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, term	3 years	5 years
Derivative, notional amount	$ 25,000	$ 25,000

DERIVATIVES - Summary of Gain (

DERIVATIVES - Summary of Gain (Loss) on Interest Rate Swaps (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain reclassified from OCI to interest expense	$ 349	$ 0
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain reclassified from OCI to interest expense	349
Interest Rate Swap | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss recognized in OCI	326
Amount of gain reclassified from OCI to interest expense	$ 349

BORROWINGS - Outstanding Borrow

BORROWINGS - Outstanding Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	May 20, 2022
Amount
Total borrowings	$ 238,445	$ 203,352
FRB Discount Window
Amount
FRB Discount Window		$ 15,000
Interest Rate
Long-term debt		4.10%
Subordinated Debt
Amount
Subordinated notes	39,216	$ 39,123
Subordinated debentures	24,229	$ 24,229
Total borrowings	$ 39,200
Interest Rate
Long-term debt	5.25%	5.25%	5.25%
FHLB Advances Due December 22, 2027
Amount
FHLB Advances	$ 15,000	$ 15,000
Interest Rate
FHLB Advances	4%	4%
FHLB Advances Due January 28, 2028
Amount
FHLB Advances	$ 20,000
Interest Rate
FHLB Advances	3.87%
FHLB Advances Due February 15, 2028
Amount
FHLB Advances	$ 20,000
Interest Rate
FHLB Advances	3.83%
FHLB Advances Due April 5, 2028
Amount
FHLB Advances	$ 25,000
Interest Rate
FHLB Advances	3.69%
FHLB Advances Due April 6, 2026
Amount
FHLB Advances	$ 25,000
Interest Rate
FHLB Advances	3.90%
FHLB Advances Due September 30, 2024
Amount
FHLB Advances	$ 20,000
Interest Rate
FHLB Advances	5.57%
FHLB Advances Due March 25, 2024
Amount
FHLB Advances	$ 25,000
Interest Rate
FHLB Advances	5.51%
FHLB Advances March 26, 2024
Amount
FHLB Advances	$ 25,000
Interest Rate
FHLB Advances	5.51%
FHLB Advances Due March 21, 2028
Amount
FHLB Advances		$ 5,000
Interest Rate
FHLB Advances		2.67%
FHLB Advances Due January 5, 2023
Amount
FHLB Advances		$ 20,000
Interest Rate
FHLB Advances		4.18%
FHLB Advances Due January 9, 2023
Amount
FHLB Advances		$ 20,000
Interest Rate
FHLB Advances		4.15%
FHLB Advances Due March 8, 2023
Amount
FHLB Advances		$ 10,000
Interest Rate
FHLB Advances		4.65%
FHLB Advances Due January 17, 2023
Amount
FHLB Advances		$ 20,000
Interest Rate
FHLB Advances		4.15%
FHLB Advances Due January 20, 2023
Amount
FHLB Advances		$ 15,000
Interest Rate
FHLB Advances		4.23%
FHLB Advances January 30, 2023
Amount
FHLB Advances		$ 20,000
Interest Rate
FHLB Advances		4.23%

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details) - USD ($)		3 Months Ended				12 Months Ended
	May 20, 2022	Sep. 30, 2007	Mar. 31, 2007	Jun. 30, 2006	Jun. 30, 2004	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Lendable collateral value of loans pledged						$ 235,200,000	$ 150,000,000
Remaining credit availability						596,200,000	574,900,000
Available federal funds lines of credit						64,500,000	64,500,000
Federal funds lines of credit outstanding						0	0
Total borrowings						238,445,000	$ 203,352,000
Colony Bankcorp Statutory Trust III | Trust Preferred Securities Subject to Mandatory Redemption
Debt Instrument [Line Items]
Amount						4,640,000
Proceeds from issuance of trust preferred securities					$ 4,500,000
Trust preferred securities, term					30 years
Trust preferred securities, redemption restriction period					5 years
Colony Bankcorp Capital Trust I | Trust Preferred Securities Subject to Mandatory Redemption
Debt Instrument [Line Items]
Amount						5,155,000
Proceeds from issuance of trust preferred securities				$ 5,000,000
Trust preferred securities, term				30 years
Trust preferred securities, redemption restriction period				5 years
Colony Bankcorp Capital Trust II | Trust Preferred Securities Subject to Mandatory Redemption
Debt Instrument [Line Items]
Amount						9,279,000
Proceeds from issuance of trust preferred securities			$ 9,000,000
Trust preferred securities, term			30 years
Trust preferred securities, redemption restriction period			5 years
Colony Bankcorp Capital Trust III | Trust Preferred Securities Subject to Mandatory Redemption
Debt Instrument [Line Items]
Amount						$ 5,155,000
Proceeds from issuance of trust preferred securities		$ 5,000,000
Trust preferred securities, term		30 years
Trust preferred securities, redemption restriction period		5 years
Subordinated Debt
Debt Instrument [Line Items]
Amount	$ 40,000,000
Long-term debt	5.25%					5.25%	5.25%
Total borrowings						$ 39,200,000
Subordinated Debt, Fixed Rate
Debt Instrument [Line Items]
Debt instrument term	5 years
Subordinated Debt, Variable Rate
Debt Instrument [Line Items]
Debt instrument term	5 years
Secured Overnight Financing Rate (SOFR) | Subordinated Debt
Debt Instrument [Line Items]
Subordinated debentures	2.65%
Federal Reserve Bank Advances
Debt Instrument [Line Items]
Available borrowing capacity under FRB						$ 0	$ 0
FRB Term Funding Program
Debt Instrument [Line Items]
Debt instrument term						1 year
FRB Term Funding Program | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 100,000,000

BORROWINGS - Subordinated Deben

BORROWINGS - Subordinated Debentures (Details) - Trust Preferred Securities Subject to Mandatory Redemption $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Colony Bankcorp Statutory Trust III
Debt Instrument [Line Items]
Amount	$ 4,640
Colony Bankcorp Statutory Trust III | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.68%
Colony Bankcorp Capital Trust I
Debt Instrument [Line Items]
Amount	$ 5,155
Colony Bankcorp Capital Trust I | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Colony Bankcorp Capital Trust II
Debt Instrument [Line Items]
Amount	$ 9,279
Colony Bankcorp Capital Trust II | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.65%
Colony Bankcorp Capital Trust III
Debt Instrument [Line Items]
Amount	$ 5,155
Colony Bankcorp Capital Trust III | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.40%

LEASES - Balance Sheet Classifi

LEASES - Balance Sheet Classification of Operating Lease Right-of-use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other	Other
Operating lease right-of-use assets	$ 1,579	$ 1,834
Liabilities
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Operating lease liabilities	$ 1,829	$ 1,895

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) renewal	Dec. 31, 2022 USD ($)
Leases [Abstract]
Number of renewal options, or more | renewal	1
Operating lease cost | $	$ 626	$ 615
Weighted average remaining lease term	3 years 10 months 20 days
Weighted average discount rate	4.31%

LEASES - Future Maturities of O

LEASES - Future Maturities of Operating Lease Liabilities and Other Lease Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
2024	$ 642
2025	596
2026	360
2027	297
2028	72
Total Lease Payments	1,967
Less: Interest	(138)
Present Value of Lease Liabilities	$ 1,829	$ 1,895

LEASES - Supplemental Lease Inf

LEASES - Supplemental Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating cash flows from operating leases (cash payments)	$ 645	$ 549
Operating lease right-of-use assets obtained in exchange for leases entered into during the period	$ 500	$ 1,750

COMPENSATION PLANS - Narrative

COMPENSATION PLANS - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee fully vested period	6 years
Total employer contributions	$ 1,900,000	$ 1,900,000
Minimum age requirement for deferred compensation	65
Liabilities accrued under plan	$ 1,100,000	1,100,000
Liabilities accrued monthly	32,000	39,000
Benefit payments made under contracts	140,000	151,000
Fee income recognized with plans	$ 0	0
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock, vesting period	3 years
Total compensation expense recognized	$ 1,700,000	$ 1,700,000
Unearned compensation cost	$ 1,600,000
Period for recognition of compensation costs	1 year 4 months 24 days

COMPENSATION PLANS - Schedule o

COMPENSATION PLANS - Schedule of Restricted Stock Awards (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Quantity
Beginning balance, outstanding (in shares)	246,866	187,300
Granted (in shares)	55,210	139,720
Vested (in shares)	(103,224)	(71,154)
Forfeited (in shares)	(22,859)	(9,000)
Ending balance, outstanding (in shares)	175,993	246,866
Weighted-Average Grant Date Fair Value
Beginning balance, outstanding (in dollars per share)	$ 16.92	$ 17.93
Granted (in dollars per share)	9.67	16.11
Vested (in dollars per share)	17.12	17.93
Forfeited (in dollars per share)	16.29	17.36
Ending balance, outstanding (in dollars per share)	$ 14.67	$ 16.92

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Commitments [Line Items]
Standby letters of credit	$ 5,656	$ 3,333
Loan Origination Commitments
Other Commitments [Line Items]
Commitments to extend credit	$ 362,878	$ 379,997

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Narrative (Details)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Expiration period of letter of credit issued	1 year

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, Beginning	$ 3,443	$ 7,732
New loans	4,095	1,182
Repayments	(1,146)	(5,471)
Transactions due to changes in directors	(285)	0
Balance, Ending	$ 6,107	$ 3,443

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Investment securities available for sale, at fair value (amortized cost $455,294 and $490,206, respectively)	$ 407,382	$ 432,553
Liabilities
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Carrying Amount
Assets
Cash and short-term investments	$ 83,322	80,678
Investment securities available for sale, at fair value (amortized cost $455,294 and $490,206, respectively)	407,382	432,553
Investment securities held to maturity	449,031	465,858
Other investments	16,868	13,793
Loans held for sale	27,958	17,743
Loans, net	1,865,099	1,720,978
Liabilities
Deposits	2,544,790	2,490,997
Federal Home Loan Bank advances	175,000	125,000
Derivative instruments	438
Carrying Amount | Other borrowed money
Liabilities
Other borrowed money	63,445	78,352
Estimated Fair Value
Assets
Cash and short-term investments	83,322	80,678
Investment securities available for sale, at fair value (amortized cost $455,294 and $490,206, respectively)	407,382	432,553
Investment securities held to maturity	405,576	411,264
Other investments	16,868	13,793
Loans held for sale	27,958	17,743
Loans, net	1,699,870	1,469,707
Liabilities
Deposits	2,538,477	2,489,481
Federal Home Loan Bank advances	176,022	125,163
Derivative instruments	438
Estimated Fair Value | Other borrowed money
Liabilities
Other borrowed money	51,056	69,930
Estimated Fair Value | Level 1
Assets
Cash and short-term investments	83,322	80,678
Investment securities available for sale, at fair value (amortized cost $455,294 and $490,206, respectively)	0	0
Investment securities held to maturity	0
Other investments	0	0
Loans held for sale	0	0
Loans, net	0	0
Liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Derivative instruments	0
Estimated Fair Value | Level 1 | Other borrowed money
Liabilities
Other borrowed money	0	0
Estimated Fair Value | Level 2
Assets
Cash and short-term investments	0	0
Investment securities available for sale, at fair value (amortized cost $455,294 and $490,206, respectively)	396,568	416,957
Investment securities held to maturity	405,576	411,264
Other investments	16,868	13,003
Loans held for sale	27,958	17,743
Loans, net	0	0
Liabilities
Deposits	2,538,477	2,489,481
Federal Home Loan Bank advances	176,022	125,163
Derivative instruments	438
Estimated Fair Value | Level 2 | Other borrowed money
Liabilities
Other borrowed money	51,056	69,930
Estimated Fair Value | Level 3
Assets
Cash and short-term investments	0	0
Investment securities available for sale, at fair value (amortized cost $455,294 and $490,206, respectively)	10,814	15,596
Investment securities held to maturity	0	0
Other investments	0	790
Loans held for sale	0	0
Loans, net	1,699,870	1,469,707
Liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Derivative instruments	0
Estimated Fair Value | Level 3 | Other borrowed money
Liabilities
Other borrowed money	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair value input, discounted amount	10%
Transfers between levels	$ (1.8)	$ 15.6

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate	$ 448	$ 651	$ 281
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	1,410	521
Other real estate	448	651
Fair Value, Nonrecurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	0	0
Other real estate	0	0
Fair Value, Nonrecurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	0	0
Other real estate	0	0
Fair Value, Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	1,410	521
Other real estate	$ 448	$ 651

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	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	$ 448	$ 651	$ 281
Investment securities available for sale, at fair value (amortized cost $455,294 and $490,206, respectively)	407,382	432,553
Fair Value, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	448	651
Collateral dependent loans	1,410	521
Level 3 | Fair Value, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	448	651
Collateral dependent loans	1,410	521
Investment securities available for sale, at fair value (amortized cost $455,294 and $490,206, respectively)	$ 10,814	15,596
Other investments		$ 790
Level 3 | Fair Value, Nonrecurring | Minimum | Measurement Input, Appraised Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate, weighted average measurement input	0	0
Impaired loans, weighted average measurement input	0.25	0.25
Level 3 | Fair Value, Nonrecurring | Maximum | Measurement Input, Appraised Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate, weighted average measurement input	0.20	0.20
Impaired loans, weighted average measurement input	0.50	0.50

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Fair Value Measurement Using Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Recurring Basis Unobservable Input Reconciliation Asset Gain Loss Statement Of Income, Extensible List, Not Disclosed Flag	Total unrealized/realized gains (losses) included in earnings	Total unrealized/realized gains (losses) included in earnings
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfers between levels	$ (1,800)	$ 15,600
Available for sale securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	15,596	0
Additions	0	0
Redemptions	(2,733)	0
Total unrealized/realized gains (losses) included in earnings	(270)	0
Transfers between levels	(1,779)	15,596
Ending balance	10,814	15,596
Other Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	790	4,255
Additions	0	0
Redemptions	(800)	(3,306)
Total unrealized/realized gains (losses) included in earnings	10	(159)
Transfers between levels	0	0
Ending balance	$ 0	$ 790

REGULATORY CAPITAL MARKETS (Det

REGULATORY CAPITAL MARKETS (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Capital conversion buffer, percent	0.025
Total Capital to Risk-Weighted Assets
Actual Amount	$ 337,159	$ 318,250
Actual Ratio	0.1547	0.1511
For Capital Adequacy Purposes, Amount	$ 174,355	$ 168,498
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 217,944
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000
Tier I Capital to Risk-Weighted Assets
Actual Amount	$ 278,196	$ 262,999
Actual Ratio	0.1277	0.1249
For Capital Adequacy Purposes, Amount	$ 130,711	$ 126,341
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 174,281
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0800
Common Equity Tier 1 Capital to Risk-Weighted Assets
Actual Amount	$ 253,967	$ 238,770
Actual Ratio	0.1166	0.1134
For Capital Adequacy Purposes, Amount	$ 98,015	$ 94,750
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 141,577
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%
Tier I Capital to Average Assets
Actual Amount	$ 278,196	$ 262,999
Actual Ratio	0.0917	0.0917
For Capital Adequacy Purposes, Amount	$ 121,350	$ 114,721
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 151,688
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500
Colony Bank
Total Capital to Risk-Weighted Assets
Actual Amount	$ 300,497	$ 272,812
Actual Ratio	0.1385	0.1299
For Capital Adequacy Purposes, Amount	$ 173,572	$ 168,014
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 216,965	$ 210,017
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.1000
Tier I Capital to Risk-Weighted Assets
Actual Amount	$ 280,751	$ 256,684
Actual Ratio	0.1294	0.1222
For Capital Adequacy Purposes, Amount	$ 130,178	$ 126,031
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 173,571	$ 168,042
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	$ 280,751	$ 256,684
Actual Ratio	0.1294	0.1222
For Capital Adequacy Purposes, Amount	$ 97,634	$ 94,524
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 141,026	$ 136,534
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier I Capital to Average Assets
Actual Amount	$ 280,751	$ 256,684
Actual Ratio	0.0928	0.0897
For Capital Adequacy Purposes, Amount	$ 121,013	$ 114,463
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 151,267	$ 143,079
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500	0.0500

FINANCIAL INFORMATION OF COLO_3

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) - Balance Sheets, Parent Company (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Other	$ 27,999	$ 24,420
Total assets	3,053,422	2,936,570
Liabilities
Other	15,252	11,953
Total liabilities	2,798,487	2,706,302
Stockholders’ equity
Common stock, par value $1.00; 50,000,000 shares authorized, 17,564,182 and 17,598,123 shares issued and outstanding as of December 31, 2023 and 2022, respectively	17,564	17,598
Paid-in capital	168,614	167,537
Retained earnings	124,400	111,573
Accumulated other comprehensive loss, net of tax	(55,643)	(66,440)
Total stockholders’ equity	254,935	230,268	$ 217,707
Total liabilities and stockholders’ equity	3,053,422	2,936,570
Parent Company
Assets
Cash	29,057	40,361
Investment in subsidiaries	283,968	249,868
Other	6,413	5,115
Total assets	319,438	295,344
Liabilities
Other	1,058	1,724
Subordinated notes	39,216	39,123
Subordinated debentures	24,229	24,229
Total liabilities	64,503	65,076
Stockholders’ equity
Common stock, par value $1.00; 50,000,000 shares authorized, 17,564,182 and 17,598,123 shares issued and outstanding as of December 31, 2023 and 2022, respectively	17,564	17,598
Paid-in capital	168,614	167,537
Retained earnings	124,400	111,573
Accumulated other comprehensive loss, net of tax	(55,643)	(66,440)
Total stockholders’ equity	254,935	230,268
Total liabilities and stockholders’ equity	$ 319,438	$ 295,344

FINANCIAL INFORMATION OF COLO_4

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) - Balance Sheets, Parent Company - Shares Information (Details) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Condensed Balance Sheet Statements, Captions [Line Items]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	17,564,182	17,598,123
Common stock, shares outstanding (in shares)	17,564,182	17,598,123
Parent Company
Condensed Balance Sheet Statements, Captions [Line Items]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	17,564,182	17,598,123
Common stock, shares outstanding (in shares)	17,564,182	17,598,123

FINANCIAL INFORMATION OF COLO_5

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) - Statements of Operations, Parent Company (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest income
Interest on deposits with banks	$ 2,341	$ 886
Total interest income	124,916	91,537
Expenses
Salaries and employee benefits	49,233	52,809
Income tax benefit	5,466	3,310
Net income	21,747	19,542
Parent Company
Interest income
Interest on deposits with banks	3	0
Dividends from subsidiaries	1,055	10,295
Total interest income	1,196	10,317
Expenses
Interest	3,920	2,299
Salaries and employee benefits	457	457
Other	254	450
Total expenses	4,631	3,206
Income before income taxes	(3,435)	7,111
Income tax benefit	(680)	(914)
Income (loss) before equity in undistributed earnings of subsidiaries	(2,755)	8,025
Equity in undistributed earnings of subsidiaries	24,502	11,517
Net income	21,747	19,542
Parent Company | Financial Service, Other
Interest income
Other	$ 138	$ 22

FINANCIAL INFORMATION OF COLO_6

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) - Statements of Cash Flows, Parent Company (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 21,747	$ 19,542
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	1,701	1,743
Net cash provided by operating activities	20,983	49,741
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in investing activities	(98,752)	(448,228)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock	0	59,468
Cash paid for tax withholding related to vesting of restricted stock	(252)	(231)
Repurchase of shares	(406)	(540)
Dividends paid on common stock	(7,722)	(7,158)
Net cash provided by financing activities	80,413	281,933
Net increase (decrease) in cash and cash equivalents	2,644	(116,554)
Cash and cash equivalents at beginning of period	80,678	197,232
Cash and cash equivalents at end of period	83,322	80,678
Parent Company
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	21,747	19,542
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	1,701	1,743
Equity in undistributed earnings of subsidiaries	(24,502)	(11,517)
Amortization of debt issuance costs	93	55
Change in deferred taxes	0	(2,125)
Change in interest payable	14	45
Other	(1,977)	215
Net cash provided by operating activities	(2,924)	7,958
CASH FLOWS FROM INVESTING ACTIVITIES
Capital injection into Bank subsidiary	0	(53,000)
Net cash used in investing activities	0	(53,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in other borrowed money	0	26,560
Issuance of common stock	0	59,468
Cash paid for tax withholding related to vesting of restricted stock	(252)	(231)
Repurchase of shares	(406)	(540)
Dividends paid on common stock	(7,722)	(7,158)
Net cash provided by financing activities	(8,380)	78,099
Net increase (decrease) in cash and cash equivalents	(11,304)	33,057
Cash and cash equivalents at beginning of period	40,361	7,304
Cash and cash equivalents at end of period	$ 29,057	$ 40,361

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Numerator
Net income available to common stockholders	$ 21,747	$ 19,542
Denominator
Weighted average number of common shares outstanding for basic earnings per common share (in shares)	17,578,294	17,191,079
Weighted average number of common shares outstanding for diluted earnings per common share (in shares)	17,578,294	17,191,079
Earnings per share - basic (in dollars per share)	$ 1.24	$ 1.14
Earnings per share - diluted (in dollars per share)	$ 1.24	$ 1.14

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) employee	Dec. 31, 2022 USD ($) employee
Segment Reporting Information [Line Items]
Net Interest Income	$ 78,244	$ 80,672
Provision for credit losses	3,600	3,370
Noninterest Income	35,634	35,025
Noninterest Expenses	83,065	89,475
Income taxes	5,466	3,310
Net income/(loss)	21,747	19,542
Total Assets	$ 3,053,422	$ 2,936,570
Full Time Employees | employee	453	522
Bank
Segment Reporting Information [Line Items]
Net Interest Income	$ 75,464	$ 79,240
Provision for credit losses	2,225	3,370
Noninterest Income	22,576	18,035
Noninterest Expenses	68,734	72,781
Income taxes	5,454	3,010
Net income/(loss)	21,627	18,114
Total Assets	$ 2,956,121	$ 2,857,893
Full Time Employees | employee	378	427
Mortgage
Segment Reporting Information [Line Items]
Net Interest Income	$ 109	$ 102
Provision for credit losses	0	0
Noninterest Income	6,223	9,630
Noninterest Expenses	6,926	9,735
Income taxes	(117)	98
Net income/(loss)	(477)	(101)
Total Assets	$ 7,890	$ 18,221
Full Time Employees | employee	42	65
Small Business Specialty Lending Division
Segment Reporting Information [Line Items]
Net Interest Income	$ 2,671	$ 1,330
Provision for credit losses	1,375	0
Noninterest Income	6,835	7,360
Noninterest Expenses	7,405	6,959
Income taxes	129	202
Net income/(loss)	597	1,529
Total Assets	$ 89,411	$ 60,456
Full Time Employees | employee	33	30