Colony Bankcorp (CBAN) 10-Q 2 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 02, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	COLONY BANKCORP INC
Trading Symbol	cban
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		8,439,258
Amendment Flag	false
Entity Central Index Key	711,669
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Cash and Cash Equivalents
Cash and Due from Banks	$ 17,137	$ 24,473
Federal Funds Sold	0	20,132
	17,137	44,605
Interest-Bearing Deposits	15,996	21,206
Investment Securities
Available for Sale, at Fair Value	271,611	274,594
Held to Maturity, at Cost (Fair Value of $28 and $30, as of September 30, 2015 and December 31, 2014, Respectively)	28	30
	271,639	274,624
Federal Home Loan Bank Stock, at Cost	2,731	2,831
Loans	764,204	746,094
Allowance for Loan Losses	(8,402)	(8,802)
Unearned Interest and Fees	(355)	(362)
	755,447	736,930
Premises and Equipment	24,460	24,960
Other Real Estate (Net of Allowance of $2,926 and $3,320 as of September 30, 2015 and December 31, 2014, Respectively)	10,998	10,402
Other Intangible Assets	125	152
Other Assets	28,787	31,188
Total Assets	1,127,320	1,146,898
Deposits
Noninterest-Bearing	125,793	128,340
Interest-Bearing	832,241	850,963
	958,034	979,303
Borrowed Money
Subordinated Debentures	24,229	24,229
Other Borrowed Money	40,000	40,000
	64,229	64,229
Other Liabilities	3,983	4,339
Stockholders' Equity
Preferred Stock, Stated Value $1,000 a Share; Authorized 10,000,000 Shares, Issued 23,167 Shares and 28,000 as of September 30, 2015 and December 31, 2014, Respectively	23,167	28,000
Common Stock, Par Value $1 a Share; Authorized 20,000,000 Shares, Issued 8,439,258 Shares as of September 30, 2015 and December 31, 2014	8,439	8,439
Paid-In Capital	29,145	29,145
Retained Earnings	42,703	38,288
Accumulated Other Comprehensive (Loss), Net of Tax Benefits	(2,380)	(4,845)
	101,074	99,027
Total Liabilities and Stockholders' Equity	$ 1,127,320	$ 1,146,898

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Held to Maturity, Fair Value (in Dollars)	$ 28	$ 30
Other Real Estate, Allowance (in Dollars)	$ 2,926	$ 3,320
Preferred Stock, Stated Value (in Dollars per share)	$ 1,000	$ 1,000
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	23,167	28,000
Common Stock, Par Value (in Dollars per share)	$ 1	$ 1
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares Issued	8,439,258	8,439,258

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest Income
Loans, Including Fees	$ 9,981	$ 10,170	$ 29,563	$ 29,815
Federal Funds Sold	0	6	15	23
Deposits with Other Banks	17	9	58	32
U.S. Government Agencies	1,060	1,165	3,108	3,574
State, County and Municipal	28	24	78	75
Dividends on Other Investments	31	26	91	85
	11,117	11,400	32,913	33,604
Interest Expense
Deposits	1,210	1,260	3,648	3,869
Borrowed Money	410	402	1,319	1,275
	1,620	1,662	4,967	5,144
Net Interest Income	9,497	9,738	27,946	28,460
Provision for Loan Losses	250	500	741	1,308
Net Interest Income After Provision for Loan Losses	9,247	9,238	27,205	27,152
Noninterest Income
Service Charges on Deposits	1,133	1,250	3,184	3,433
Other Service Charges, Commissions and Fees	661	603	1,963	1,778
Mortgage Fee Income	138	130	385	311
Securities Gains (Losses)	9		12	1
Other	292	427	1,259	1,195
	2,233	2,410	6,803	6,718
Noninterest Expenses
Salaries and Employee Benefits	4,395	4,432	13,270	13,149
Occupancy and Equipment	1,026	1,049	3,036	3,069
Other	2,914	3,053	8,635	9,473
	8,335	8,534	24,941	25,691
Income Before Income Taxes	3,145	3,114	9,067	8,179
Income Taxes	945	1,033	2,799	2,625
Net Income	2,200	2,081	6,268	5,554
Preferred Stock Dividends	594	697	1,854	2,021
Net Income Available to Common Stockholders	$ 1,606	$ 1,384	$ 4,414	$ 3,533
Net Income Per Share of Common Stock
Basic (in Dollars per share)	$ 0.19	$ 0.16	$ 0.52	$ 0.42
Diluted (in Dollars per share)	0.19	0.16	0.52	0.42
Cash Dividends Declared Per Share of Common Stock (in Dollars per share)	$ 0	$ 0	$ 0	$ 0
Weighted Average Basic Shares Outstanding (in Shares)	8,439,258	8,439,258	8,439,258	8,439,258
Weighted Average Diluted Shares Outstanding (in Shares)	8,466,285	8,439,258	8,449,057	8,439,258

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net Income	$ 2,200	$ 2,081	$ 6,268	$ 5,554
Other Comprehensive Income:
Gains (Losses) on Securities Arising During the Year	2,497	(488)	3,747	4,220
Tax Effect	(849)	166	(1,274)	(1,435)
Realized (Losses) on Sale of AFS Securities	(9)	0	(12)	0
Tax Effect	3	0	4	0
Change in Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects	1,642	(322)	2,465	2,785
Comprehensive Income	$ 3,842	$ 1,759	$ 8,733	$ 8,339

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 6,268	$ 5,554
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation	1,237	1,207
Provision for Loan Losses	741	1,308
Securities (Gains) Losses	(12)	(1)
Amortization and Accretion	1,391	979
(Gain) Losses on Sale of Other Real Estate and Repossessions	(61)	501
Provision for Losses on Other Real Estate	431	605
Increase in Cash Surrender Value of Life Insurance	(132)	(431)
Gain on Sale of Premises & Equipment	11	(12)
Other Prepaids, Deferrals and Accruals, Net	928	2,745
	10,802	12,455
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of Investment Securities Available for Sale	(63,715)	(34,062)
Proceeds from Maturities, Calls, and Paydowns of Investment Securities:
Available for Sale	40,840	27,072
Held for Maturity	5	8
Proceeds from Sale of Investment Securities Available for Sale	28,274	0
Interest-Bearing Deposits in Other Banks	5,210	11,278
Net Loans to Customers	(25,631)	1,864
Purchase of Premises and Equipment	(776)	(1,308)
Proceeds from Sale of Other Real Estate and Repossessions	5,404	6,321
Proceeds from Sale of Federal Home Loan Bank Stock	100	333
Proceeds from Sale of Premises and Equipment	29	14
	(10,260)	11,520
CASH FLOWS FROM FINANCING ACTIVITIES
Noninterest-Bearing Customer Deposits	(2,547)	870
Interest-Bearing Customer Deposits	(18,722)	(47,200)
Dividends Paid for Preferred Stock	(1,908)	0
Redemption of Preferred Stock	(4,833)
Payments on Federal Home Loan Bank Advances	(27,000)
Proceeds from Federal Home Loan Bank Advances	27,000
	(28,010)	(46,330)
Net Decrease in Cash and Cash Equivalents	(27,468)	(22,355)
Cash and Cash Equivalents at Beginning of Period	44,605	46,187
Cash and Cash Equivalents at End of Period	$ 17,137	$ 23,832

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	(1 ) Summary of Significant Accounting Policies Presentation Colony Bankcorp, Inc. (the Company) is a bank holding company located in Fitzgerald, Georgia. The consolidated financial statements include the accounts of Colony Bankcorp, Inc. and its wholly-owned subsidiary, Colony Bank, Fitzgerald, Georgia. All significant intercompany accounts have been eliminated in consolidation. The accounting and reporting policies of Colony Bankcorp, Inc. conform to generally accepted accounting principles and practices utilized in the commercial banking industry. All dollars in notes to consolidated financial statements are rounded to the nearest thousand, except for per share amounts. The consolidated financial statements in this report are unaudited, except for the December 31, 2014 consolidated balance sheet. All adjustments consisting of normal recurring accruals which are, in the opinion of management, necessary for fair presentation of the interim consolidated financial statements have been included and fairly and accurately present the financial position, results of operations and cash flows of the Company. The results of operations for the nine months ended September 30, 2015, are not necessarily indicative of the results which may be expected for the entire year. Nature of Operations The Bank provides a full range of retail and commercial banking services for consumers and small- to medium-size businesses located primarily in central, south and coastal Georgia. Colony Bank is headquartered in Fitzgerald, Georgia with banking offices in Albany, Ashburn, Broxton, Centerville, Chester, Columbus, Cordele, Douglas, Eastman, Fitzgerald, Leesburg, Moultrie, Pitts, Quitman, Rochelle, Savannah, Soperton, Sylvester, Thomaston, Tifton, Valdosta and Warner Robins. Lending and investing activities are funded primarily by deposits gathered through its retail banking office network. Use of Estimates In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date and revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to statement presentations selected for 2015. Such reclassifications had no effect on previously reported stockholders’ equity or net income. Concentrations of Credit Risk Concentrations of credit risk can exist in relation to individual borrowers or groups of borrowers, certain types of collateral, certain types of industries, or certain geographic regions. The Company has a concentration in real estate loans as well as a geographic concentration that could pose an adverse credit risk, particularly with the current economic downturn in the real estate market. At September 30, 2015, approximately 86 percent of the Company’s loan portfolio was concentrated in loans secured by real estate. A substantial portion of borrowers’ ability to honor their contractual obligations is dependent upon the viability of the real estate economic sector. Declining collateral real estate values that secure land development, construction and speculative real estate loans in the Company’s larger MSA markets have resulted in high loan loss provisions in recent years. In addition, a large portion of the Company’s foreclosed assets are also located in these same geographic markets, making the recovery of the carrying amount of foreclosed assets susceptible to changes in market conditions. Management continues to monitor these concentrations and has considered these concentrations in its allowance for loan loss analysis. The success of the Company is dependent, to a certain extent, upon the economic conditions in the geographic markets it serves. Adverse changes in the economic conditions in these geographic markets would likely have a material adverse effect on the Company’s results of operations and financial condition. The operating results of Colony depend primarily on its net interest income. Accordingly, operations are subject to risks and uncertainties surrounding the exposure to changes in the interest rate environment. At times, the Company may have cash and cash equivalents at financial institutions in excess of federal deposit insurance limits. The Company places its cash and cash equivalents with high credit quality financial institutions whose credit ratings are monitored by management to minimize credit risk. Investment Securities The Company classifies its investment securities as trading, available for sale or held to maturity. Securities that are held principally for resale in the near term are classified as trading. Trading securities are carried at fair value, with realized and unrealized gains and losses included in noninterest income. Currently, no securities are classified as trading. Securities acquired with both the intent and ability to be held to maturity are classified as held to maturity and reported at amortized cost. All securities not classified as trading or held to maturity are considered available for sale. Securities available for sale are reported at estimated fair value. Unrealized gains and losses on securities available for sale are excluded from earnings and are reported, net of deferred taxes, in accumulated other comprehensive income (loss), a component of stockholders’ equity. Gains and losses from sales of securities available for sale are computed using the specific identification method. Securities available for sale includes securities, which may be sold to meet liquidity needs arising from unanticipated deposit and loan fluctuations, changes in regulatory capital requirements, or unforeseen changes in market conditions. The Company evaluates each held to maturity and available for sale security in a loss position for other-than-temporary impairment (OTTI). In estimating other-than-temporary impairment losses, management considers such factors as the length of time and the extent to which the market value has been below cost, the financial condition of the issuer and the Company’s intent to sell and whether it is more likely than not that the Company will be required to sell the security before anticipated recovery of the amortized cost basis. If the Company intends to sell or if it is more likely than not that the Company will be required to sell the security before recovery, the OTTI write-down is recognized in earnings. If the Company does not intend to sell the security or it is not more likely than not that it will be required to sell the security before recovery, the OTTI write-down is separated into an amount representing credit loss, which is recognized in earnings and an amount related to all other factors, which is recognized in other comprehensive income (loss). Federal Home Loan Bank Stock Investment in stock of a Federal Home Loan Bank (FHLB) is Loans Loans that the Company has the ability and intent to hold for the foreseeable future or until maturity are recorded at their principal amount outstanding, net of unearned interest and fees. Loan origination fees, net of certain direct origination costs, are deferred and amortized over the estimated terms of the loans using the straight-line method. Interest income on loans is recognized using the effective interest method. A loan is considered to be delinquent when payments have not been made according to contractual terms, typically evidenced by nonpayment of a monthly installment by the due date. When management believes there is sufficient doubt as to the collectibility of principal or interest on any loan or generally when loans are 90 days or more past due, the accrual of applicable interest is discontinued and the loan is designated as nonaccrual, unless the loan is well secured and in the process of collection. Interest payments received on nonaccrual loans are either applied against principal or reported as income, according to management’s judgment as to the collectibility of principal. Loans are returned to an accrual status when factors indicating doubtful collectibility on a timely basis no longer exist. Loans Modified in a Troubled Debt Restructuring (TDR) Loans are considered to have been modified in a TDR when, due to a borrower’s financial difficulty, the Company makes certain concessions to the borrower that it would not otherwise consider for new debt with similar risk characteristics. Modifications may include interest rate reductions, principal or interest forgiveness, forbearance, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of the collateral. Generally, a non-accrual loan that has been modified in a TDR remains on non-accrual status for a period of 6 months to demonstrate that the borrower is able to meet the terms of the modified loan. However, performance prior to the modification, or significant events that coincide with the modification, are included in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status at the time of loan modification or after a shorter performance period. If the borrower’s ability to meet the revised payment schedule is uncertain, the loan remains on non-accrual status. Once a loan is modified in a troubled debt restructuring it is accounted for as an impaired loan, regardless of its accrual status, until the loan is paid in full, sold or charged off. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revisions as more information becomes available. The allowance consists of specific, historical and general components. The specific component relates to loans that are classified as either doubtful, substandard or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The historical component covers nonclassified loans and is based on historical loss experience adjusted for qualitative factors. A general component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The general component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and historical losses in the portfolio. General valuation allowances are based on internal and external qualitative risk factors such as (i) changes in the composition of the loan portfolio, (ii) the extent of loan concentrations within the portfolio, (iii) the effectiveness of the Company’s lending policies, procedures and internal controls, (iv) the experience, ability and effectiveness of the Company’s lending management and staff, and (v) national and local economics and business conditions. Loans identified as losses by management, internal loan review and/or regulatory agencies are charged off. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. A significant portion of the Company’s impaired loans are deemed to be collateral dependent. Management therefore measures impairment on these loans based on the fair value of the collateral. Collateral values are determined based on appraisals performed by qualified licensed appraisers hired by the Company or by senior members of the Company’s credit administration staff. The decision whether or not to obtain an external third-party appraisal usually depends on the type of property being evaluated. External appraisals are usually obtained on more complex, income producing properties such as hotels, shopping centers and businesses. Less complex properties such as residential lots, farm land and single family houses may be evaluated internally by senior credit administration staff. When the Company does obtain appraisals from external third-parties, the values utilized in the impairment calculation are “as is” or current market values. The appraisals, whether prepared internally or externally, may utilize a single valuation approach or a combination of approaches including the comparable sales, income and cost approach. Appraised amounts used in the impairment calculation are typically discounted 10 percent to account for selling and marketing costs, if the repayment of the loan is to come from the sale of the collateral. Although appraisals are not obtained each year on all impaired loans, the collateral values used in the impairment calculations are evaluated quarterly by management. Based on management’s knowledge of the collateral and the current real estate market conditions, appraised values may be further discounted to reflect facts and circumstances known to management since the most recent appraisal was performed. 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 collateral underlying impaired loans and because of the relationship between fair value and general economic conditions, we consider the fair value of impaired loans to be highly sensitive to changes in market conditions. Premises and Equipment Premises and equipment are recorded at acquisition cost net of accumulated depreciation. Depreciation is charged to operations over the estimated useful lives of the assets. The estimated useful lives and methods of depreciation are as follows: Description Life in Years Method Banking Premises 15 - 40 Straight-Line and Accelerated Furniture and Equipment 5-10 5 - 10 Straight-Line and Accelerated Expenditures for major renewals and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. When property and equipment are retired or sold, the cost and accumulated depreciation are removed from the respective accounts and any gain or loss is reflected in other income or expense. Intangible Assets Intangible assets consist of core deposit intangibles acquired in connection with a business combination. The core deposit intangible is initially recognized based on a valuation performed as of the consummation date. The core deposit intangible is amortized by the straight-line method over the average remaining life of the acquired customer deposits. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) 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 (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Statement of Cash Flows For reporting cash flows, cash and cash equivalents include cash on hand, noninterest-bearing amounts due from banks and federal funds sold. Cash flows from demand deposits, interest-bearing checking accounts, savings accounts, loans and certificates of deposit are reported net. Advertising Costs The Company expenses the cost of advertising in the periods in which those costs are incurred. Income Taxes The provision for income taxes is based upon income for financial statement purposes, adjusted for nontaxable income and nondeductible expenses. Deferred income taxes have been provided when different accounting methods have been used in determining income for income tax purposes and for financial reporting purposes. Deferred tax assets and liabilities are recognized based on future tax consequences attributable to differences arising from the financial statement carrying values of assets and liabilities and their tax bases. The differences relate primarily to depreciable assets (use of different depreciation methods for financial statement and income tax purposes) and allowance for loan losses (use of the allowance method for financial statement purposes and the direct write-off method for tax purposes). In the event of changes in the tax laws, deferred tax assets and liabilities are adjusted in the period of the enactment of those changes, with effects included in the income tax provision. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not 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. Positions taken in the Company’s tax returns may be subject to challenge by the taxing authorities upon examination. Uncertain tax positions are initially recognized in the consolidated financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions are both initially and subsequently measured as the largest amount of tax benefit that is greater than 50 percent likely of being realized upon settlement with the tax authority, assuming full knowledge of the position and all relevant facts. The Company provides for interest and, in some cases, penalties on tax positions that may be challenged by the taxing authorities. Interest expense is recognized beginning in the first period that such interest would begin accruing. Penalties are recognized in the period that the Company claims the position in the tax return. Interest and penalties on income tax uncertainties are classified within income tax expense in the consolidated statement of income. Other Real Estate Other real estate generally represents real estate acquired through foreclosure and is initially recorded at estimated fair value at the date of acquisition less the cost of disposal. Losses from the acquisition of property in full or partial satisfaction of debt are recorded as loan losses. Properties are evaluated regularly to ensure the recorded amounts are supported by current fair values, and valuation allowances are recorded as necessary to reduce the carrying amount to fair value less estimated cost of disposal. Routine holding costs and gains or losses upon disposition are included in other noninterest expense. Bank-Owned Life Insurance The Company has purchased life insurance on the lives of certain key members of management and directors. The life insurance policies are recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or amounts due that are probable at settlement, if applicable. Increases in the cash surrender value are recorded as other income in the consolidated statements of income. The cash surrender value of the insurance contracts is recorded in other assets on the consolidated balance sheets in the amount of $14,663 and $14,531 as of September 30, 2015 and December 31, 2014, respectively. Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on securities available for sale, represent equity changes from economic events of the period other than transactions with owners and are not reported in the consolidated statements of operations but as a separate component of the equity section of the consolidated balance sheets. 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 (loss) as total comprehensive income (loss). Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded. Changes in Accounting Principles and Effects of New Accounting Pronouncements Adoption of New Accounting Standards In May 2014, the FASB issued an update ASU No. 2014-09, Revenue from Contracts with Customers creating FASB Topic 606, Revenue from Contracts with Customers

Note 2 - Investment Securities

Note 2 - Investment Securities	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	(2 ) Investment Securities Investment securities as of September 30, 2015 and December 31, 2014 are summarized as follows: September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Securities Available for Sale: U.S. Government Agencies Mortgage-Backed $ 271,010 $ 485 $ (4,115 ) $ 267,380 State, County & Municipal 4,207 44 (20 ) 4,231 $ 275,217 $ 529 $ (4,135 ) $ 271,611 Securities Held to Maturity: State, County and Municipal $ 28 $ - $ - $ 28 December 31, 2014 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Securities Available for Sale: U.S. Government Agencies Mortgage-Backed $ 278,419 $ 156 $ (7,511 ) $ 271,064 State, County & Municipal 3,516 27 (13 ) 3,530 $ 281,935 $ 183 $ (7,524 ) $ 274,594 Securities Held to Maturity: State, County and Municipal $ 30 $ - $ - $ 30 The amortized cost and fair value of investment securities as of September 30, 2015, by contractual maturity, are shown hereafter. Expected maturities will differ from contractual maturities because issuers have the right to call or prepay obligations with or without call or prepayment penalties. This is often the case with mortgage-backed securities, which are disclosed separately in the table below. Securities Available for Sale Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value Due In One Year or Less $ 331 $ 333 $ 28 $ 28 Due After One Year Through Five Years 784 790 - - Due After Five Years Through Ten Years 1,595 1,624 - - Due After Ten Years 1,497 1,484 - - $ 4,207 $ 4,231 $ 28 $ 28 Mortgage-Backed Securities 271,010 267,380 - - $ 275,217 $ 271,611 $ 28 $ 28 Proceeds from the sale of investments available for sale during the first nine months of 2015 totaled $28,274 compared to $0 for the first nine months of 2014. The sale of investments available for sale during the first nine months of 2015 resulted in gross realized gains of $208 and losses of $196. The gross realized gain of $1 for the first nine months of 2014 was due to a gain on a call for a held to maturity investment. Investment securities having a carry value approximating $124,704 and $135,532 as of September 30, 2015 and December 31, 2014, respectively, were pledged to secure public deposits and for other purposes. Information pertaining to securities with gross unrealized losses at September 30, 2015 and December 31, 2014 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows: Less Than 12 Months 12 Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses September 30, 2015 U.S. Government Agencies Mortgage-Backed $ 27,858 $ (162 ) $ 142,938 $ (3,953 ) $ 170,796 $ (4,115 ) State, County and Municipal 996 (20 ) - - 996 (20 ) $ 28,854 $ (182 ) $ 142,938 $ (3,953 ) $ 171,792 $ (4,135 ) December 31, 2014 U.S. Government Agencies Mortgage-Backed $ 66,609 $ (397 ) $ 183,646 $ (7,114 ) $ 250,255 $ (7,511 ) State, County and Municipal - - 1,379 (13 ) 1,379 (13 ) $ 66,609 $ (397 ) $ 185,025 $ (7,127 ) $ 251,634 $ (7,524 ) Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. At September 30, 2015, the debt securities with unrealized losses have depreciated 2.35 percent 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 deemed to be other than temporary.

Note 3 - Loans

Note 3 - Loans	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	(3) Loans The following table presents the composition of loans segregated by class of loans, as of September 30, 2015 and December 31, 2014. September 30, 2015 December 31, 2014 Commercial and Agricultural Commercial $ 48,759 $ 50,960 Agricultural 27,373 16,689 Real Estate Commercial Constuction 43,589 51,259 Residential Construction 10,465 11,221 Commercial 347,703 332,231 Residential 195,800 203,753 Farmland 61,551 49,951 Consumer and Other Consumer 20,958 22,820 Other 8,006 7,210 Total Loans $ 764,204 $ 746,094 Commercial and industrial loans are extended to a diverse group of businesses within the Company’s market area. These loans are often underwritten based on the borrower’s ability to service the debt from income from the business. Real estate construction loans often require loan funds to be advanced prior to completion of the project. Due to uncertainties inherent in estimating construction costs, changes in interest rates and other economic conditions, these loans often pose a higher risk than other types of loans. Consumer loans are originated at the bank level. These loans are generally smaller loan amounts spread across many individual borrowers to help minimize risk. Credit Quality Indicators The Company uses a risk grading matrix to assign a risk grade to each of its loans. Loans are graded on a scale of 1 to 8. A description of the general characteristics of the grades is as follows: ● Grades 1 and 2 – Borrowers with these assigned grades range in risk from virtual absence of risk to minimal risk. Such loans may be secured by Company-issued and controlled certificates of deposit or properly margined equity securities or bonds. Other loans comprising these grades are made to companies that have been in existence for a long period of time with many years of consecutive profits and strong equity, good liquidity, excellent debt service ability and unblemished past performance, or to exceptionally strong individuals with collateral of unquestioned value that fully secures the loans. Loans in this category fall into the “pass” classification. ● Grades 3 and 4 – Loans assigned these “pass” risk grades are made to borrowers with acceptable credit quality and risk. The risk ranges from loans with no significant weaknesses in repayment capacity and collateral protection to acceptable loans with one or more risk factors considered to be more than average. ● Grade 5 – This grade includes “special mention” loans on management’s watch list and is intended to be used on a temporary basis for pass grade loans where risk-modifying action is intended in the short-term. ● Grade 6 – This grade includes “substandard” loans in accordance with regulatory guidelines. This category includes borrowers with well-defined weaknesses that jeopardize the payment of the debt in accordance with the agreed terms. Loans considered to be impaired are assigned this grade, and these loans often have assigned loss allocations as part of the allowance for loan and lease losses. Generally, loans on which interest accrual has been stopped would be included in this grade. ● Grades 7 and 8 – These grades correspond to regulatory classification definitions of “doubtful” and “loss,” respectively. In practice, any loan with these grades would be for a very short period of time, 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 6. The following table presents the loan portfolio by credit quality indicator (risk grade) as of September 30, 2015 and December 31, 2014. Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes. September 30, 2015 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 44,955 $ 1,985 $ 1,819 $ 48,759 Agricultural 27,150 18 205 27,373 Real Estate Commercial Construction 38,819 1,135 3,635 43,589 Residential Construction 10,465 - - 10,465 Commercial 330,711 6,529 10,463 347,703 Residential 175,906 8,764 11,130 195,800 Farmland 56,352 821 4,378 61,551 Consumer and Other Consumer 20,394 171 393 20,958 Other 7,979 27 - 8,006 Total Loans $ 712,731 $ 19,450 $ 32,023 $ 764,204 December 31, 2014 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 46,230 $ 2,905 $ 1,825 $ 50,960 Agricultural 16,504 27 158 16,689 Real Estate Commercial Construction 45,063 1,741 4,455 51,259 Residential Construction 11,221 - - 11,221 Commercial 309,828 11,220 11,183 332,231 Residential 180,550 10,582 12,621 203,753 Farmland 47,548 415 1,988 49,951 Consumer and Other Consumer 22,115 249 456 22,820 Other 7,013 - 197 7,210 Total Loans $ 686,072 $ 27,139 $ 32,883 $ 746,094 A loan’s risk grade is assigned at the inception of the loan and is based on the financial strength of the borrower and the type of collateral. Loan risk grades are subject to reassessment at various times throughout the year as part of the Company’s ongoing loan review process. Loans with an assigned risk grade of 6 or below and an outstanding balance of $250,000 or more are reassessed on a quarterly basis. During this reassessment process individual reserves may be identified and placed against certain loans which are not considered impaired. In assessing the overall economic condition of the markets in which it operates, the Company monitors the unemployment rates for its major service areas. The unemployment rates are reviewed on a quarterly basis as part of the allowance for loan loss determination. Loans are 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 or not such loans are considered past due. The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, as of September 30, 2015 and December 31, 2014: September 30, 2015 Accruing Loans Total 90 Days Accruing 30-89 Days or More Loans Nonaccrual Current Total Past Due Past Due Past Due Loans Loans Loans Commercial and Agricultural Commercial $ 659 $ - $ 659 $ 664 $ 47,436 $ 48,759 Agricultural 22 - 22 156 27,195 27,373 Real Estate Commercial Construction 478 - 478 2,479 40,632 43,589 Residential Construction - - - - 10,465 10,465 Commercial 2,689 - 2,689 5,242 339,772 347,703 Residential 2,299 - 2,299 3,434 190,067 195,800 Farmland 72 - 72 1,397 60,082 61,551 Consumer and Other Consumer 235 8 243 187 20,528 20,958 Other 26 - 26 - 7,980 8,006 Total Loans $ 6,480 $ 8 $ 6,488 $ 13,559 $ 744,157 $ 764,204 December 31, 2014 Accruing Loans Total 90 Days Accruing 30-89 Days or More Loans Nonaccrual Current Total Past Due Past Due Past Due Loans Loans Loans Commercial and Agricultural Commercial $ 872 $ - $ 872 $ 405 $ 49,683 $ 50,960 Agricultural - - - 45 16,644 16,689 Real Estate Commercial Construction 142 - 142 3,251 47,866 51,259 Residential Construction - - - - 11,221 11,221 Commercial 2,309 - 2,309 5,325 324,597 332,231 Residential 5,783 - 5,783 7,462 190,508 203,753 Farmland 282 - 282 1,449 48,220 49,951 Consumer and Other Consumer 313 7 320 202 22,298 22,820 Other - - - 195 7,015 7,210 Total Loans $ 9,701 $ 7 $ 9,708 $ 18,334 $ 718,052 $ 746,094 The following table details impaired loan data as of September 30, 2015: September 30, 2015 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 580 $ 573 $ - $ 562 $ 16 $ 19 Agricultural 174 156 - 158 (10 ) 10 Commercial Construction 7,726 2,736 - 3,191 17 17 Residential Construction - - - - - - Commercial Real Estate 14,412 14,412 - 15,533 412 418 Residential Real Estate 5,359 4,400 - 4,761 165 148 Farmland 1,398 1,397 - 1,419 1 2 Consumer 195 187 - 195 8 11 Other - - - 65 - - 29,844 23,861 - 25,884 609 625 With An Allowance Recorded Commercial 91 91 91 92 - - Agricultural - - - - - - Commercial Construction 78 78 14 97 - - Residential Construction - - - - - - Commercial Real Estate 6,941 6,282 243 5,912 132 123 Residential Real Estate 1,082 1,082 308 1,093 12 12 Farmland 390 390 57 392 16 16 Consumer - - - - - - Other - - - - - - 8,582 7,923 713 7,586 160 151 Total Commercial 671 664 91 654 16 19 Agricultural 174 156 - 158 (10 ) 10 Commercial Construction 7,804 2,814 14 3,288 17 17 Residential Construction - - - - - - Commercial Real Estate 21,353 20,694 243 21,445 544 541 Residential Real Estate 6,441 5,482 308 5,854 177 160 Farmland 1,788 1,787 57 1,811 17 18 Consumer 195 187 - 195 8 11 Other - - - 65 - - $ 38,426 $ 31,784 $ 713 $ 33,470 $ 769 $ 776 The following table details impaired loan data as of December 31, 2014: December 31, 2014 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 310 $ 308 $ - $ 679 $ 9 $ 18 Agricultural 50 45 - 51 (6 ) 3 Commercial Construction 9,573 3,464 - 3,376 13 13 Commercial Real Estate 17,130 16,228 - 18,350 462 474 Residential Real Estate 9,137 7,600 - 5,691 312 306 Farmland 1,451 1,449 - 949 (8 ) 18 Consumer 202 202 - 212 14 16 Other 207 195 - 197 6 11 38,060 29,491 - 29,505 802 859 With An Allowance Recorded Commercial 97 97 97 420 - - Agricultural - - - - - - Commercial Construction 207 136 54 1,529 - - Commercial Real Estate 6,135 6,135 457 6,415 61 51 Residential Real Estate 2,073 2,065 414 1,829 84 87 Farmland 396 396 29 529 13 12 Consumer - - - - - - Other - - - - - - 8,908 8,829 1,051 10,722 158 150 Total Commercial 407 405 97 1,099 9 18 Agricultural 50 45 - 51 (6 ) 3 Commercial Construction 9,780 3,600 54 4,905 13 13 Commercial Real Estate 23,265 22,363 457 24,765 523 525 Residential Real Estate 11,210 9,665 414 7,520 396 393 Farmland 1,847 1,845 29 1,478 5 30 Consumer 202 202 - 212 14 16 Other 207 195 - 197 6 11 $ 46,968 $ 38,320 $ 1,051 $ 40,227 $ 960 $ 1,009 The following table details impaired loan data as of September 30, 2014: September 30, 2014 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 394 $ 394 $ - $ 803 $ 6 $ 14 Agricultural 50 45 - 53 (4 ) 6 Commercial Construction 9,210 3,101 - 3,347 2 2 Residential Construction - - - - - - Commercial Real Estate 17,346 16,656 - 19,058 427 445 Residential Real Estate 4,729 3,953 - 5,054 150 142 Farmland 1,330 984 - 782 (19 ) 11 Consumer 181 173 - 215 7 10 Other 212 201 - 198 3 8 33,452 25,507 - 29,510 572 638 With An Allowance Recorded Commercial 99 99 99 527 - - Agricultural - - - - - - Commercial Construction 210 139 59 1,993 - - Residential Construction - - - - - - Commercial Real Estate 5,931 5,931 283 6,508 142 143 Residential Real Estate 4,106 3,349 605 1,751 66 70 Farmland 398 398 31 574 8 7 Consumer - - - - - - Other - - - - - - 10,744 9,916 1,077 11,353 216 220 Total Commercial 493 493 99 1,330 6 14 Agricultural 50 45 - 53 (4 ) 6 Commercial Construction 9,420 3,240 59 5,340 2 2 Residential Construction - - - - - - Commercial Real Estate 23,277 22,587 283 25,566 569 588 Residential Real Estate 8,835 7,302 605 6,805 216 212 Farmland 1,728 1,382 31 1,356 (11 ) 18 Consumer 181 173 - 215 7 10 Other 212 201 - 198 3 8 $ 44,196 $ 35,423 $ 1,077 $ 40,863 $ 788 $ 858 Troubled Debt Restructurings (TDRs) are troubled loans on which the original terms of the loan have been modified in favor of the borrower due to deterioration in the borrower’s financial condition. Each potential loan modification is reviewed individually and the terms of the loan are modified to meet the borrower’s specific circumstances at a point in time. Not all loan modifications are TDRs. Loan modifications are reviewed and approved by the Company’s senior lending staff, who then determine whether the loan meets the criteria for a TDR. Generally, the types of concessions granted to borrowers that are evaluated in determining whether a loan is classified as a TDR include: ● Interest rate reductions – Occur when the stated interest rate is reduced to a nonmarket rate or a rate the borrower would not be able to obtain elsewhere under similar circumstances. ● Amortization or maturity date changes – Result when the amortization period of the loan is extended beyond what is considered a normal amortization period for loans of similar type with similar collateral. ● Principal reductions – These are often the result of commercial real estate loan workouts where two new notes are created. The primary note is underwritten based upon our normal underwriting standards and is structured so that the projected cash flows are sufficient to repay the contractual principal and interest of the newly restructured note. The terms of the secondary note vary by situation and often involve that note being charged-off, or the principal and interest payments being deferred until after the primary note has been repaid. In situations where a portion of the note is charged-off during modification there is often no specific reserve allocated to those loans. This is due to the fact that the amount of the charge-off usually represents the excess of the original loan balance over the collateral value and the Company has determined there is no additional exposure on those loans. As discussed in Note 1, Summary of Significant Accounting Policies, once a loan is identified as a TDR, it is accounted for as an impaired loan. The Company had no unfunded commitments to lend to a customer that has a troubled debt restructured loan as of September 30, 2015. The following tables present the number of loan contracts restructured during the three month and nine month period ended September 30, 2015 and 2014. It shows the pre- and post-modification recorded investment as well as the number of contracts and the recorded investment for those TDRs modified during the previous twelve months which subsequently defaulted during the period. Loans modified in a troubled debt restructuring are considered to be in default once the loan becomes 90 days past due. A TDR may cease being classified as impaired if the loan is subsequently modified at market terms, and has performed according to the modified terms for at least six months, and there has not been any prior principal forgiveness on a cumulative basis. Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification # of Contracts Pre-Modification Post-Modification Residential Real Estate 1 $ 226 $ 139 2 $ 1,106 $ 1,036 Total Loans 1 $ 226 $ 139 2 $ 1,106 $ 1,036 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification # of Contracts Pre-Modification Post-Modification Commercial Real Estate - $ - $ - 2 $ 1,771 $ 1,775 Residential Real Estate - - - 1 49 49 Farmland - - - 1 401 401 Total Loans - $ - $ - 4 $ 2,221 $ 2,225 The company did not have any TDRs that subsequently defaulted for the three months and nine months ended September 30, 2015.

Note 4 - Allowance for Loan Los

Note 4 - Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block Supplement [Abstract]
Allowance for Credit Losses [Text Block]	( 4 ) Allowance for Loan Losses The following tables detail activity in the allowance for loan losses, segregated by class of loan, for the nine month period ended September 30, 2015 and September 30, 2014. 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. September 30, 2015 Beginning Charge- Ending Balance Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 497 $ (257 ) $ 45 $ 17 $ 302 Agricultural 304 (5 ) 3 4 306 Real Estate Commercial Construction 1,223 (96 ) 282 282 1,691 Residential Construction 138 - - - 138 Commercial 3,665 (275 ) 138 296 3,824 Residential 2,425 (910 ) 95 85 1,695 Farmland 104 (40 ) 10 3 77 Consumer and Other Consumer 67 (167 ) 47 53 - Other 379 (26 ) 15 1 369 $ 8,802 $ (1,776 ) $ 635 $ 741 $ 8,402 September 30, 2014 Beginning Charge- Ending Balance Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 1,017 $ (453 ) $ 69 $ 29 $ 662 Agricultural 294 - 2 8 304 Real Estate Commercial Construction 1,782 (1,541 ) 302 499 1,042 Residential Construction 138 - - - 138 Commercial 4,379 (761 ) 109 522 4,249 Residential 3,278 (670 ) 27 150 2,785 Farmland 312 (234 ) 20 6 104 Consumer and Other Consumer 243 (274 ) 64 93 126 Other 363 - 14 1 378 $ 11,806 $ (3,933 ) $ 607 $ 1,308 $ 9,788 The loss history period used at September 30, 2015 was based on the loss rate from the eight quarters ended June 30, 2015. The Company determines its individual reserves during its quarterly review of substandard loans. This process involves reviewing all loans with a risk grade of 6 or greater and an outstanding balance of $250,000 or more, regardless of the loans impairment classification. Since not all loans in the substandard category are considered impaired, this quarterly review process may result in the identification of specific reserves on nonimpaired loans. Management considers those loans graded substandard, but not classified as impaired, to be higher risk loans and, therefore, makes specific allocations to the allowance for those loans if warranted. The total of such loans is $14.03 million and $12.7 million as of September 30, 2015 and 2014, respectively. Specific allowance allocations were made for these loans totaling $1.3 million and $1.1 million as of September 30, 2015 and 2014, respectively. Since these loans are not considered impaired, both the loan balance and related specific allocation are included in the “Collectively Evaluated for Impairment” column of the following tables. At September 30, 2015, there were impaired loans totaling $3.9 million below the $250,000 review threshold which were not individually reviewed for impairment. Those loans were subject to the bank’s general loan loss reserve methodology and are included in the “Collectively Evaluated for Impairment” column of the following tables. Likewise, at September 30, 2014, impaired loans totaling $4.41 million were below the $250,000 review threshold and were subject to the bank’s general loan loss reserve methodology and are included in the “Collectively Evaluated for Impairment” column of the following tables. The following tables present breakdowns of the allowance for loan losses, segregated by impairment methodology for September 30, 2015 and 2014: September 30, 2015 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ 91 $ 211 $ 302 $ 91 $ 48,668 $ 48,759 Agricultural - 306 306 8 27,365 27,373 Real Estate Commercial Construction 14 1,677 1,691 2,694 40,895 43,589 Residential Construction - 138 138 - 10,465 10,465 Commercial 243 3,581 3,824 20,049 327,654 347,703 Residential 308 1,387 1,695 3,380 192,420 195,800 Farmland 57 20 77 1,695 59,856 61,551 Consumer and Other Consumer - - - - 20,958 20,958 Other - 369 369 - 8,006 8,006 Total End of Period Balance $ 713 $ 7,689 $ 8,402 $ 27,917 $ 736,287 $ 764,204 September 30, 2014 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ 99 $ 563 $ 662 $ 100 $ 46,381 $ 46,481 Agricultural - 304 304 - 23,017 23,017 Real Estate Commercial Construction 59 983 1,042 3,039 47,416 50,455 Residential Construction - 138 138 - 9,700 9,700 Commercial 283 3,966 4,249 21,348 306,150 327,498 Residential 605 2,180 2,785 5,522 198,791 204,313 Farmland 31 73 104 1,009 49,392 50,401 Consumer and Other Consumer - 126 126 - 23,448 23,448 Other - 378 378 - 7,968 7,968 Total End of Period Balance $ 1,077 $ 8,711 $ 9,788 $ 31,018 $ 712,263 $ 743,281

Note 5 - Other Real Estate Owne

Note 5 - Other Real Estate Owned	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Real Estate Owned [Text Block]	(5 ) Other Real Estate Owned The aggregate carrying amount of Other Real Estate Owned (OREO) at September 30, 2015 and December 31, 2014 was $10,998 and $10,402, respectively. All of the Company’s other real estate owned represents properties acquired through foreclosure or deed in lieu of foreclosure. The following table details the change in OREO for the nine months ended September 30, 2015 and the year ended December 31, 2014. Nine Months Ended Twelve Months Ended September 30, 2015 December 31, 2014 Balance, Beginning $ 10,402 $ 15,502 Additions 6,290 3,853 Sales of OREO (5,329 ) (7,102 ) Gains (Losses) on Sale 66 (844 ) Provision for Losses (431 ) (1,007 ) Balance, Ending $ 10,998 $ 10,402 At September 30, 2015, the Company held $1.35 million of residential real estate property as foreclosed property. Also at September 30, 2015, $439 thousand of consumer mortgage loans collateralized by residential real estate property were in the process of foreclosure according to local requirements of the applicable jurisdictions.

Note 6 - Deposits

Note 6 - Deposits	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Deposit Liabilities Disclosures [Text Block]	(6 ) Deposits The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled $503 and $511 as of September 30, 2015 and December 31, 2014. Components of interest-bearing deposits as of September 30, 2015 and December 31, 2014 are as follows: September 30, 2015 December 31, 2014 Interest-Bearing Demand $ 358,142 $ 363,501 Savings 63,388 59,215 Time, $100,000 and Over 207,988 210,503 Other Time 202,723 217,744 $ 832,241 $ 850,963 At September 30, 2015 and December 31, 2014, the Company had brokered deposits of $25,837 and $26,298, respectively. All of these brokered deposits represent Certificate of Deposits Account Registry Service (CDARS) reciprocal deposits. The CDARS deposits are ones in which customers placed core deposits into the CDARS program for FDIC insurance coverage and the Company receives reciprocal brokered deposits in a like amount. The aggregate amount of short-term jumbo certificates of deposit, each with a minimum denomination of $100,000 was approximately $143,772 and $140,832 as of September 30, 2015 and December 31, 2014, respectively. As of September 30, 2015 and December 31, 2014, the scheduled maturities of certificates of deposits are as follows: Maturity September 30, 2015 December 31, 2014 One Year and Under $ 294,865 $ 302,585 One to Three Years 91,595 98,219 Three Years and Over 24,251 27,443 $ 410,711 $ 428,247

Note 7 - Other Borrowed Money

Note 7 - Other Borrowed Money	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	( 7 ) Other Borrowed Money Other borrowed money at September 30, 2015 and December 31, 2014 is summarized as follows: September 30, 2015 December 31, 2014 Federal Home Loan Bank Advances $ 40,000 $ 40,000 Advances from the Federal Home Loan Bank (FHLB) have maturities ranging from 2018 to 2022 and interest rates ranging from 1.47 percent to 4.75 percent. As collateral on the outstanding FHLB advances, the Company has provided a blanket lien on its portfolio of qualifying residential first mortgage loans and commercial loans. At September 30, 2015 the book value of those loans pledged was approximately $104,494. At September 30, 2015 the Company had remaining credit availability from the FHLB of approximately $130,570. The Company may be required to pledge additional qualifying collateral in order to utilize the full amount of the remaining credit line. The aggregate stated maturities of other borrowed money at September 30, 2015 are as follows: Year Amount 2018 $ 2,500 2019 8,000 2020 2,500 After 2020 $ 27,000 40,000 The Company has the ability to borrow funds from the Federal Reserve Bank (FRB) of Atlanta utilizing the discount window. The discount window is an instrument of monetary policy that allows eligible institutions to borrow money from the FRB on a short-term basis to meet temporary liquidity shortages caused by internal or external disruptions. At September 30, 2015, the Company had borrowing capacity available under this arrangement, with no outstanding balances. The Company would be required to pledge certain available-for-sale investment securities as collateral under this agreement. In addition, at September 30, 2015, the Company had an available repurchase agreement line of credit with a third party totaling $50,000. Use of this credit facility is subject to the underwriting and risk management policies of the third party in effect at the time of the request. Such policies may take into consideration current market conditions, the current financial condition of the Company and the ability of the Company to provide adequate securities as collateral for the transaction, among other factors.

Note 8 - Preferred Stock and Wa

Note 8 - Preferred Stock and Warrants	9 Months Ended
	Sep. 30, 2015
Preferred Stock And Warrants [Abstract]
Preferred Stock And Warrants [Text Block]	( 8 ) Preferred Stock and Warrants At September 30, 2015, the Company had 23,167 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the Preferred Stock) issued and outstanding with private investors. After receiving regulatory approval, the Company redeemed 4,833 shares in August 2015. The Company also had a warrant (the Warrant) to purchase up to 500,000 shares of the Company’s common stock outstanding with private investors. Both the Preferred Stock and the Warrant originated in 2009 through transactions with the United States Department of the Treasury and were subsequently sold to the public through an auction process during 2013. The Preferred Stock qualifies as Tier 1 capital and is nonvoting, other than class voting rights on certain matters that could adversely affect the Preferred Stock. The Preferred Stock may be redeemed by the Company at the liquidation preference of $1,000 per share, plus any accrued and unpaid dividends. The Warrant may be exercised on or before January 9, 2019 at an exercise price of $8.40 per share. No voting rights may be exercised with respect to the shares of the Warrant until the Warrant has been exercised. The Preferred Stock requires a cumulative cash dividend be paid quarterly at a rate of 9 percent per annum. Prior to January 9, 2014 the annual dividend rate for the Preferred Stock was 5 percent. On February 13, 2012, the Company announced the suspension of the dividends on Preferred Stock. Unpaid dividends on the Preferred Stock must be declared and set aside for the benefit of the holders of the Preferred Stock before any dividend may be declared on common stock. On November 17, 2014, the Company reinstated dividend payments on the Preferred Stock and paid the dividends in arrears to current status.

Note 9 - Subordinated Debenture

Note 9 - Subordinated Debentures (Trust Preferred Securities)	9 Months Ended
	Sep. 30, 2015
Subordinated Borrowings [Abstract]
Subordinated Borrowings Disclosure [Text Block]	( 9 ) Subordinated Debentures (Trust Preferred Securities) 3 Month Added Total 5 Year Description Date Amount Libor Rate Points Rate Maturity Call Option Colony Bankcorp Statutory Trust III 6/17/2004 $ 4,640 0.33425 2.68 3.01425 6/14/2034 6/17/2009 Colony Bankcorp Capital Trust I 4/13/2006 5,155 0.32660 1.50 1.82660 4/13/2036 4/13/2011 Colony Bankcorp Capital Trust II 3/12/2007 9,279 0.32660 1.65 1.97660 3/12/2037 3/12/2012 Colony Bankcorp Capital Trust III 9/14/2007 5,155 0.29680 1.40 1.69680 9/14/2037 9/14/2012 The Trust Preferred Securities are recorded as subordinated debentures on the consolidated balance sheets, but subject to certain limitations, qualify as Tier 1 Capital for regulatory capital purposes. The proceeds from the offerings were used to fund certain acquisitions, pay off holding company debt and inject capital into the bank subsidiary. On February 13, 2012, the Company announced the suspension of the quarterly interest payments on the Trust Preferred Securities. Under the terms of the trust documents, the Company may defer payments of interest for up to 20 consecutive quarterly periods without default or penalty. On November 17, 2014, the Company reinstated interest payments on the Trust Preferred Securities and paid the dividends in arrears to current status.

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	(1 0 ) Commitments and Contingencies Credit-Related Financial Instruments . The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments. At September 30, 2015 and December 31, 2014 the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount September 30, 2015 December 31, 2014 Loan Commitments $ 69,325 $ 68,742 Letters of Credit 1,584 1,762 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. Le gal Contingencies

Note 11 - Fair Value of Financi

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	(11 ) 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 Bankcorp, Inc. and Subsidiary’s financial instruments are detailed hereafter. Where quoted prices are not available, fair values are based on estimates using discounted cash flows and other valuation techniques. The use of discounted cash flows can be significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. 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 Investment Securities Federal Home Loan Bank Stock Loans Bank-Owned Life Insurance – Deposit Liabilities Subordinated Debentures Other Borrowed Money Disclosures of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis, are required in the financial statements. The carrying amount, estimated fair values, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2015 and December 31, 2014 are as follows: Fair Value Measurements at September 30, 2015 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 33,133 $ 33,133 $ 33,133 $ - $ - Investment Securities Available for Sale 271,611 271,611 - 270,668 943 Investment Securities Held to Maturity 28 28 - 28 - Federal Home Loan Bank Stock 2,731 2,731 2,731 - - Loans, Net 755,447 756,558 - 749,348 7,210 Bank-Owned Life Insurance 14,663 14,663 14,663 - - Liabilities Deposits 958,034 959,594 547,323 412,271 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 40,000 41,640 - 41,640 - Fair Value Measurements at December 31, 2014 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 65,811 $ 65,811 $ 65,811 $ - $ - Investment Securities Available for Sale 274,594 274,594 - 273,646 948 Investment Securities Held to Maturity 30 30 - 30 - Federal Home Loan Bank Stock 2,831 2,831 2,831 - - Loans, Net 736,930 738,948 - 731,170 7,778 Bank-Owned Life Insurance 14,531 14,531 14,531 - - Liabilities Deposits 979,303 980,874 551,057 429,817 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 40,000 41,962 - 41,962 - 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. Fair Value Measurements Generally accepted accounting principles related to Fair Value Measurements, ● 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 i nputs 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. Following is a description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy: Assets Securities Impaired Loans Other Real Estate Assets and Liabilities Measured at Fair Value on a Recurring Basis – loans with a specific reserve and only other real estate properties with a valuation allowance at September 30 2015. Those impaired loans and other real estate properties are shown net of the related specific reserves and valuation allowances. Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Significant Markets for Other Unobservable Total Fair Identical Assets Observable Inputs September 30, 2015 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale Mortgage-Backed $ 267,380 $ - $ 267,380 $ - State, County and Municipal 4,231 - 3,288 943 $ 271,611 $ - $ 270,668 $ 943 Nonrecurring Impaired Loans $ 7,210 $ - $ - $ 7,210 Other Real Estate $ 4,974 $ - $ - $ 4,974 Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Significant Markets for Other Unobservable Total Fair Identical Assets Observable Inputs December 31, 2014 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale Mortgage-Backed $ 271,064 $ - $ 271,064 $ - State, County and Municipal 3,530 - 2,582 948 $ 274,594 $ - $ 273,646 $ 948 Nonrecurring Impaired Loans $ 7,778 $ - $ - $ 7,778 Other Real Estate $ 6,128 $ - $ - $ 6,128 Liabilities The Company did not identify any liabilities that are required to be presented at fair value. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) The following table presents quantitative information about the significant unobservable inputs used in the fair value measurements for assets in level 3 of the fair value hierarchy measured on a nonrecurring basis at September 30, 2015 and December 31, 2014. This table is comprised primarily of collateral dependent impaired loans and other real estate owned: September 30, Valuation Unobservable Range 2015 Techniques Inputs Weighted Avg Impaired Loans Real Estate Commercial Construction $ 64 Sales Comparison Adjustment for Differences (15.60% ) - 20.10% Between the Comparable Sales 2.25% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 774 Sales Comparison Adjustment for Differences (15.00% ) - 191.70% Between the Comparable Sales 88.35% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Income Approach Capitalization Rate 12.50% Commercial Real Estate 6,039 Sales Comparison Adjustment for Differences (10.75% ) - 19.48% Between the Comparable Sales 4.37% Management Adjustments for 0.00% - 30.00% Age of Appraisals and/or Current 15.00% Market Conditions Income Approach Capitalization Rate 11.00% Farmland 333 Sales Comparison Adjustment for Differences (8.30% ) - 252.50% Between the Comparable Sales 122.10% Management Adjustments for 10.00% - 75.00% Age of Appraisals and/or Current 42.50% Market Conditions Other Real Estate Owned 4,974 Sales Comparison Adjustment for Differences (78.93% ) - 42.90% Between the Comparable Sales (18.02%) Management Adjustments for 0.33% - 69.36% Age of Appraisals and/or Current 26.27% Market Conditions Income Approach Discount Rate 13.75% Capitalization Rate 11.88% December 31, Valuation Unobservable Range 2014 Techniques Inputs Weighted Avg Real Estate Commercial Construction $ 82 Sales Comparison Adjustment for Differences (22.00%) - 38.10% Between the Comparable Sales 8.05% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 1,651 Sales Comparison Adjustment for Differences (2.30%) - 191.70% Between the Comparable Sales 94.70% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Income Approach Capitalization Rate 13.75% Commercial Real Estate 5,678 Sales Comparison Adjustment for differences 0.00% - 0.00% Between the comparable Sales 0.00% Management Adjustments for 0.00% - 90.00% Age of Appraisals and/or Current 45.00% Market Conditions Income Approach Capitalization Rate 11.00% Farmland 367 Sales Comparison Adjustment for Differences (8.30%) - 252.50% Between the Comparable Sales 122.10% Management Adjustments for 10.00% - 50.00% Age of Appraisals and/or Current 30.00% Market Conditions Other Real Estate Owned 6,128 Sales Comparison Adjustment for Differences (40.00%) - 45.00% Between the Comparable Sales 2.50% Management Adjustment for 0.33% - 69.36% Age of Appraisals and/or Current 31.88% Market Conditions Income Approach Discount Rate 9.00% Capitalization Rate 10.00% The table below presents a reconciliation and statement of income classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (level 3) for the nine months ended September 30, 2015 and the twelve months ended December 31, 2014. Available for Sale Securities September 30, 2015 December 31, 2014 Balance, Beginning $ 948 $ 941 Transfers out of Level 3 - - Loss on OTTI Impairment Included in Noninterest Income - - Unrealized Gains included in Other Comprehensive Income (Loss) (5 ) 7 Balance, Ending $ 943 $ 948 The Company’s policy is to recognize transfers in and transfers out of levels 1, 2 and 3 as of the end of a reporting period. There were no transfers of securities between levels for the nine months ended September 30, 2015 and the twelve months ended December 31, 2014. The following table presents quantitative information about recurring level 3 fair value measurements as of September 30, 2015. Valuation Unobservable Range Fair Value Techniques Inputs Weighted Avg State, County and Municipal $ 943 Discounted Cash Flow Discount Rate N/A* * The Company relies on a third-party pricing service to value its municipal securities. The details of the unobservable inputs and other adjustments used by the third-party pricing service were not readily available to the Company.

Note 12 - Regulatory Capital Ma

Note 12 - Regulatory Capital Matters	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Regulatory Capital Requirements under Banking Regulations [Text Block]	( 12 ) Regulatory Capital Matters The amount of dividends payable to the parent company from the subsidiary bank is limited by various banking regulatory agencies. Upon approval by regulatory authorities, the Bank may pay cash dividends to the parent company in excess of regulatory limitations. Additionally, the Company suspended the payment of dividends to its common stockholders in the third quarter of 2009. The Company is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and, possibly, additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios of total and Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. As of September 30, 2015, the interim final Basel III rules (Basel III) require the Company to also maintain minimum amounts and ratios of common equity Tier 1 capital to risk-weighted assets. These amounts and ratios as defined in regulations are presented hereafter. Management believes, as of September 30, 2015, the Company meets all capital adequacy requirements to which it is subject under the regulatory framework for prompt corrective action. There is no threshold for well-capitalized status for bank holding companies. In the opinion of management, there have been no events or conditions occur since September 30, 2015, or since the most recent notification of capital adequacy from the regulators, which have changed the institution’s category. The Basel III rules also require the implementation of a new capital conservation buffer comprised of common equity Tier 1 capital. The capital conservation buffer will be phased in beginning January 1, 2016 at 0.625% of risk-weighted assets and increase each subsequent year by 0.625% until reaching its final level of 2.5% on January 1, 2019. The following table summarizes regulatory capital information as of September 30, 2015 and December 31, 2014 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for September 30, 2015 were calculated in accordance with the Basel III rules, whereas the December 31, 2014 regulatory ratios were calculated in accordance with the Basel I rules. To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30 , 2015 Total Capital to Risk-Weighted Assets Consolidated $ 135,304 17.01 % $ 63,628 8.00 % N/A N/A Colony Bank 130,450 16.43 63,536 8.00 $ 79,421 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 126,904 15.96 47,721 6.00 N/A N/A Colony Bank 122,048 15.37 47,652 6.00 63,536 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 80,237 10.09 35,791 4.50 N/A N/A Colony Bank 122,048 15.37 35,739 4.50 51,623 6.50 Tier I Capital to Average Assets Consolidated 126,904 11.14 45,571 4.00 N/A N/A Colony Bank 122,048 10.73 45,496 4.00 56,870 5.00 Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2014 Total Capital to Risk-Weighted Assets Consolidated $ 136,022 17.95 % $ 60,639 8.00 % N/A N/A Colony Bank 127,833 16.89 60,542 8.00 $ 75,678 10.00 % Tier 1 Capital to Risk-Weighted Assets Consolidated 127,220 16.78 30,320 4.00 N/A N/A Colony Bank 119,031 15.73 30,271 4.00 45,407 6.00 Tier 1 Capital to Average Assets Consolidated 127,220 11.18 45,509 4.00 N/A N/A Colony Bank 119,031 10.50 45,364 4.00 56,705 5.00

Note 13 - Earnings Per Share

Note 13 - Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	(13 ) Earnings Per Share Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflects the potential dilution of restricted stock and common stock warrants. Net income available to common stockholders represents net income after preferred stock dividends. The following table presents earnings per share for the three month and nine month period ended September 30, 2015 and 2014: Three Months Ended Nine Months Ended September 30 September 30 2015 2014 2015 2014 Numerator Net Income Available to Common Stockholders $ 1,606 $ 1,384 $ 4,414 $ 3,533 Denominator Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share 8,439 8,439 8,439 8,439 Dilutive Effect of Potential Common Stock Restricted Stock - - - - Stock Warrants 27 - 10 - Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share 8,466 8,439 8,449 8,439 Earnings Per Share - Basic $ 0.19 $ 0.16 $ 0.52 $ 0.42 Earnings Per Share - Diluted $ 0.19 $ 0.16 $ 0.52 $ 0.42

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Presentation Colony Bankcorp, Inc. (the Company) is a bank holding company located in Fitzgerald, Georgia. The consolidated financial statements include the accounts of Colony Bankcorp, Inc. and its wholly-owned subsidiary, Colony Bank, Fitzgerald, Georgia. All significant intercompany accounts have been eliminated in consolidation. The accounting and reporting policies of Colony Bankcorp, Inc. conform to generally accepted accounting principles and practices utilized in the commercial banking industry. All dollars in notes to consolidated financial statements are rounded to the nearest thousand, except for per share amounts. The consolidated financial statements in this report are unaudited, except for the December 31, 2014 consolidated balance sheet. All adjustments consisting of normal recurring accruals which are, in the opinion of management, necessary for fair presentation of the interim consolidated financial statements have been included and fairly and accurately present the financial position, results of operations and cash flows of the Company. The results of operations for the nine months ended September 30, 2015, are not necessarily indicative of the results which may be expected for the entire year.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date and revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans.
Reclassification, Policy [Policy Text Block]	Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to statement presentations selected for 2015. Such reclassifications had no effect on previously reported stockholders’ equity or net income.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk Concentrations of credit risk can exist in relation to individual borrowers or groups of borrowers, certain types of collateral, certain types of industries, or certain geographic regions. The Company has a concentration in real estate loans as well as a geographic concentration that could pose an adverse credit risk, particularly with the current economic downturn in the real estate market. At September 30, 2015, approximately 86 percent of the Company’s loan portfolio was concentrated in loans secured by real estate. A substantial portion of borrowers’ ability to honor their contractual obligations is dependent upon the viability of the real estate economic sector. Declining collateral real estate values that secure land development, construction and speculative real estate loans in the Company’s larger MSA markets have resulted in high loan loss provisions in recent years. In addition, a large portion of the Company’s foreclosed assets are also located in these same geographic markets, making the recovery of the carrying amount of foreclosed assets susceptible to changes in market conditions. Management continues to monitor these concentrations and has considered these concentrations in its allowance for loan loss analysis. The success of the Company is dependent, to a certain extent, upon the economic conditions in the geographic markets it serves. Adverse changes in the economic conditions in these geographic markets would likely have a material adverse effect on the Company’s results of operations and financial condition. The operating results of Colony depend primarily on its net interest income. Accordingly, operations are subject to risks and uncertainties surrounding the exposure to changes in the interest rate environment. At times, the Company may have cash and cash equivalents at financial institutions in excess of federal deposit insurance limits. The Company places its cash and cash equivalents with high credit quality financial institutions whose credit ratings are monitored by management to minimize credit risk.
Investment, Policy [Policy Text Block]	Investment Securities The Company classifies its investment securities as trading, available for sale or held to maturity. Securities that are held principally for resale in the near term are classified as trading. Trading securities are carried at fair value, with realized and unrealized gains and losses included in noninterest income. Currently, no securities are classified as trading. Securities acquired with both the intent and ability to be held to maturity are classified as held to maturity and reported at amortized cost. All securities not classified as trading or held to maturity are considered available for sale. Securities available for sale are reported at estimated fair value. Unrealized gains and losses on securities available for sale are excluded from earnings and are reported, net of deferred taxes, in accumulated other comprehensive income (loss), a component of stockholders’ equity. Gains and losses from sales of securities available for sale are computed using the specific identification method. Securities available for sale includes securities, which may be sold to meet liquidity needs arising from unanticipated deposit and loan fluctuations, changes in regulatory capital requirements, or unforeseen changes in market conditions. The Company evaluates each held to maturity and available for sale security in a loss position for other-than-temporary impairment (OTTI). In estimating other-than-temporary impairment losses, management considers such factors as the length of time and the extent to which the market value has been below cost, the financial condition of the issuer and the Company’s intent to sell and whether it is more likely than not that the Company will be required to sell the security before anticipated recovery of the amortized cost basis. If the Company intends to sell or if it is more likely than not that the Company will be required to sell the security before recovery, the OTTI write-down is recognized in earnings. If the Company does not intend to sell the security or it is not more likely than not that it will be required to sell the security before recovery, the OTTI write-down is separated into an amount representing credit loss, which is recognized in earnings and an amount related to all other factors, which is recognized in other comprehensive income (loss).
Investment in Federal Home Bank Stock [Policy Text Block]	Federal Home Loan Bank Stock Investment in stock of a Federal Home Loan Bank (FHLB) is
Policy Loans Receivable, Policy [Policy Text Block]	Loans Loans that the Company has the ability and intent to hold for the foreseeable future or until maturity are recorded at their principal amount outstanding, net of unearned interest and fees. Loan origination fees, net of certain direct origination costs, are deferred and amortized over the estimated terms of the loans using the straight-line method. Interest income on loans is recognized using the effective interest method. A loan is considered to be delinquent when payments have not been made according to contractual terms, typically evidenced by nonpayment of a monthly installment by the due date. When management believes there is sufficient doubt as to the collectibility of principal or interest on any loan or generally when loans are 90 days or more past due, the accrual of applicable interest is discontinued and the loan is designated as nonaccrual, unless the loan is well secured and in the process of collection. Interest payments received on nonaccrual loans are either applied against principal or reported as income, according to management’s judgment as to the collectibility of principal. Loans are returned to an accrual status when factors indicating doubtful collectibility on a timely basis no longer exist.
Loans and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block]	Loans Modified in a Troubled Debt Restructuring (TDR) Loans are considered to have been modified in a TDR when, due to a borrower’s financial difficulty, the Company makes certain concessions to the borrower that it would not otherwise consider for new debt with similar risk characteristics. Modifications may include interest rate reductions, principal or interest forgiveness, forbearance, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of the collateral. Generally, a non-accrual loan that has been modified in a TDR remains on non-accrual status for a period of 6 months to demonstrate that the borrower is able to meet the terms of the modified loan. However, performance prior to the modification, or significant events that coincide with the modification, are included in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status at the time of loan modification or after a shorter performance period. If the borrower’s ability to meet the revised payment schedule is uncertain, the loan remains on non-accrual status. Once a loan is modified in a troubled debt restructuring it is accounted for as an impaired loan, regardless of its accrual status, until the loan is paid in full, sold or charged off.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revisions as more information becomes available. The allowance consists of specific, historical and general components. The specific component relates to loans that are classified as either doubtful, substandard or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The historical component covers nonclassified loans and is based on historical loss experience adjusted for qualitative factors. A general component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The general component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and historical losses in the portfolio. General valuation allowances are based on internal and external qualitative risk factors such as (i) changes in the composition of the loan portfolio, (ii) the extent of loan concentrations within the portfolio, (iii) the effectiveness of the Company’s lending policies, procedures and internal controls, (iv) the experience, ability and effectiveness of the Company’s lending management and staff, and (v) national and local economics and business conditions. Loans identified as losses by management, internal loan review and/or regulatory agencies are charged off. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. A significant portion of the Company’s impaired loans are deemed to be collateral dependent. Management therefore measures impairment on these loans based on the fair value of the collateral. Collateral values are determined based on appraisals performed by qualified licensed appraisers hired by the Company or by senior members of the Company’s credit administration staff. The decision whether or not to obtain an external third-party appraisal usually depends on the type of property being evaluated. External appraisals are usually obtained on more complex, income producing properties such as hotels, shopping centers and businesses. Less complex properties such as residential lots, farm land and single family houses may be evaluated internally by senior credit administration staff. When the Company does obtain appraisals from external third-parties, the values utilized in the impairment calculation are “as is” or current market values. The appraisals, whether prepared internally or externally, may utilize a single valuation approach or a combination of approaches including the comparable sales, income and cost approach. Appraised amounts used in the impairment calculation are typically discounted 10 percent to account for selling and marketing costs, if the repayment of the loan is to come from the sale of the collateral. Although appraisals are not obtained each year on all impaired loans, the collateral values used in the impairment calculations are evaluated quarterly by management. Based on management’s knowledge of the collateral and the current real estate market conditions, appraised values may be further discounted to reflect facts and circumstances known to management since the most recent appraisal was performed. 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 collateral underlying impaired loans and because of the relationship between fair value and general economic conditions, we consider the fair value of impaired loans to be highly sensitive to changes in market conditions.
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and Equipment Premises and equipment are recorded at acquisition cost net of accumulated depreciation. Depreciation is charged to operations over the estimated useful lives of the assets. The estimated useful lives and methods of depreciation are as follows: Description Life in Years Method Banking Premises 15 - 40 Straight-Line and Accelerated Furniture and Equipment 5-10 5 - 10 Straight-Line and Accelerated Expenditures for major renewals and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. When property and equipment are retired or sold, the cost and accumulated depreciation are removed from the respective accounts and any gain or loss is reflected in other income or expense.
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Intangible Assets Intangible assets consist of core deposit intangibles acquired in connection with a business combination. The core deposit intangible is initially recognized based on a valuation performed as of the consummation date. The core deposit intangible is amortized by the straight-line method over the average remaining life of the acquired customer deposits.
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Policy [Policy Text Block]	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) 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 (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Cash and Cash Equivalents, Policy [Policy Text Block]	Statement of Cash Flows For reporting cash flows, cash and cash equivalents include cash on hand, noninterest-bearing amounts due from banks and federal funds sold. Cash flows from demand deposits, interest-bearing checking accounts, savings accounts, loans and certificates of deposit are reported net.
Advertising Costs, Policy [Policy Text Block]	Advertising Costs The Company expenses the cost of advertising in the periods in which those costs are incurred.
Income Tax, Policy [Policy Text Block]	Income Taxes The provision for income taxes is based upon income for financial statement purposes, adjusted for nontaxable income and nondeductible expenses. Deferred income taxes have been provided when different accounting methods have been used in determining income for income tax purposes and for financial reporting purposes. Deferred tax assets and liabilities are recognized based on future tax consequences attributable to differences arising from the financial statement carrying values of assets and liabilities and their tax bases. The differences relate primarily to depreciable assets (use of different depreciation methods for financial statement and income tax purposes) and allowance for loan losses (use of the allowance method for financial statement purposes and the direct write-off method for tax purposes). In the event of changes in the tax laws, deferred tax assets and liabilities are adjusted in the period of the enactment of those changes, with effects included in the income tax provision. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not 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. Positions taken in the Company’s tax returns may be subject to challenge by the taxing authorities upon examination. Uncertain tax positions are initially recognized in the consolidated financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions are both initially and subsequently measured as the largest amount of tax benefit that is greater than 50 percent likely of being realized upon settlement with the tax authority, assuming full knowledge of the position and all relevant facts. The Company provides for interest and, in some cases, penalties on tax positions that may be challenged by the taxing authorities. Interest expense is recognized beginning in the first period that such interest would begin accruing. Penalties are recognized in the period that the Company claims the position in the tax return. Interest and penalties on income tax uncertainties are classified within income tax expense in the consolidated statement of income.
Real Estate Owned, Valuation Allowance, Policy [Policy Text Block]	Other Real Estate Other real estate generally represents real estate acquired through foreclosure and is initially recorded at estimated fair value at the date of acquisition less the cost of disposal. Losses from the acquisition of property in full or partial satisfaction of debt are recorded as loan losses. Properties are evaluated regularly to ensure the recorded amounts are supported by current fair values, and valuation allowances are recorded as necessary to reduce the carrying amount to fair value less estimated cost of disposal. Routine holding costs and gains or losses upon disposition are included in other noninterest expense.
Bank Owned Life Insurance [Policy Text Block]	Bank-Owned Life Insurance The Company has purchased life insurance on the lives of certain key members of management and directors. The life insurance policies are recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or amounts due that are probable at settlement, if applicable. Increases in the cash surrender value are recorded as other income in the consolidated statements of income. The cash surrender value of the insurance contracts is recorded in other assets on the consolidated balance sheets in the amount of $14,663 and $14,531 as of September 30, 2015 and December 31, 2014, respectively.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on securities available for sale, represent equity changes from economic events of the period other than transactions with owners and are not reported in the consolidated statements of operations but as a separate component of the equity section of the consolidated balance sheets. 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 (loss) as total comprehensive income (loss).
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block]	Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded.
New Accounting Pronouncements, Policy [Policy Text Block]	Changes in Accounting Principles and Effects of New Accounting Pronouncements Adoption of New Accounting Standards In May 2014, the FASB issued an update ASU No. 2014-09, Revenue from Contracts with Customers creating FASB Topic 606, Revenue from Contracts with Customers

Note 1 - Summary of Significa21

Note 1 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Property, Plant and Equipment [Table Text Block]	Description Life in Years Method Banking Premises 15 - 40 Straight-Line and Accelerated Furniture and Equipment 5-10 5 - 10 Straight-Line and Accelerated

Note 2 - Investment Securities

Note 2 - Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Marketable Securities [Table Text Block]	September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Securities Available for Sale: U.S. Government Agencies Mortgage-Backed $ 271,010 $ 485 $ (4,115 ) $ 267,380 State, County & Municipal 4,207 44 (20 ) 4,231 $ 275,217 $ 529 $ (4,135 ) $ 271,611 Securities Held to Maturity: State, County and Municipal $ 28 $ - $ - $ 28 December 31, 2014 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Securities Available for Sale: U.S. Government Agencies Mortgage-Backed $ 278,419 $ 156 $ (7,511 ) $ 271,064 State, County & Municipal 3,516 27 (13 ) 3,530 $ 281,935 $ 183 $ (7,524 ) $ 274,594 Securities Held to Maturity: State, County and Municipal $ 30 $ - $ - $ 30
Investments Classified by Contractual Maturity Date [Table Text Block]	Securities Available for Sale Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value Due In One Year or Less $ 331 $ 333 $ 28 $ 28 Due After One Year Through Five Years 784 790 - - Due After Five Years Through Ten Years 1,595 1,624 - - Due After Ten Years 1,497 1,484 - - $ 4,207 $ 4,231 $ 28 $ 28 Mortgage-Backed Securities 271,010 267,380 - - $ 275,217 $ 271,611 $ 28 $ 28
Schedule of Unrealized Loss on Investments [Table Text Block]	Less Than 12 Months 12 Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses September 30, 2015 U.S. Government Agencies Mortgage-Backed $ 27,858 $ (162 ) $ 142,938 $ (3,953 ) $ 170,796 $ (4,115 ) State, County and Municipal 996 (20 ) - - 996 (20 ) $ 28,854 $ (182 ) $ 142,938 $ (3,953 ) $ 171,792 $ (4,135 ) December 31, 2014 U.S. Government Agencies Mortgage-Backed $ 66,609 $ (397 ) $ 183,646 $ (7,114 ) $ 250,255 $ (7,511 ) State, County and Municipal - - 1,379 (13 ) 1,379 (13 ) $ 66,609 $ (397 ) $ 185,025 $ (7,127 ) $ 251,634 $ (7,524 )

Note 3 - Loans (Tables)

Note 3 - Loans (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, 2015 December 31, 2014 Commercial and Agricultural Commercial $ 48,759 $ 50,960 Agricultural 27,373 16,689 Real Estate Commercial Constuction 43,589 51,259 Residential Construction 10,465 11,221 Commercial 347,703 332,231 Residential 195,800 203,753 Farmland 61,551 49,951 Consumer and Other Consumer 20,958 22,820 Other 8,006 7,210 Total Loans $ 764,204 $ 746,094
Financing Receivable Credit Quality Indicators [Table Text Block]	September 30, 2015 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 44,955 $ 1,985 $ 1,819 $ 48,759 Agricultural 27,150 18 205 27,373 Real Estate Commercial Construction 38,819 1,135 3,635 43,589 Residential Construction 10,465 - - 10,465 Commercial 330,711 6,529 10,463 347,703 Residential 175,906 8,764 11,130 195,800 Farmland 56,352 821 4,378 61,551 Consumer and Other Consumer 20,394 171 393 20,958 Other 7,979 27 - 8,006 Total Loans $ 712,731 $ 19,450 $ 32,023 $ 764,204 December 31, 2014 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 46,230 $ 2,905 $ 1,825 $ 50,960 Agricultural 16,504 27 158 16,689 Real Estate Commercial Construction 45,063 1,741 4,455 51,259 Residential Construction 11,221 - - 11,221 Commercial 309,828 11,220 11,183 332,231 Residential 180,550 10,582 12,621 203,753 Farmland 47,548 415 1,988 49,951 Consumer and Other Consumer 22,115 249 456 22,820 Other 7,013 - 197 7,210 Total Loans $ 686,072 $ 27,139 $ 32,883 $ 746,094
Past Due Financing Receivables [Table Text Block]	September 30, 2015 Accruing Loans Total 90 Days Accruing 30-89 Days or More Loans Nonaccrual Current Total Past Due Past Due Past Due Loans Loans Loans Commercial and Agricultural Commercial $ 659 $ - $ 659 $ 664 $ 47,436 $ 48,759 Agricultural 22 - 22 156 27,195 27,373 Real Estate Commercial Construction 478 - 478 2,479 40,632 43,589 Residential Construction - - - - 10,465 10,465 Commercial 2,689 - 2,689 5,242 339,772 347,703 Residential 2,299 - 2,299 3,434 190,067 195,800 Farmland 72 - 72 1,397 60,082 61,551 Consumer and Other Consumer 235 8 243 187 20,528 20,958 Other 26 - 26 - 7,980 8,006 Total Loans $ 6,480 $ 8 $ 6,488 $ 13,559 $ 744,157 $ 764,204 December 31, 2014 Accruing Loans Total 90 Days Accruing 30-89 Days or More Loans Nonaccrual Current Total Past Due Past Due Past Due Loans Loans Loans Commercial and Agricultural Commercial $ 872 $ - $ 872 $ 405 $ 49,683 $ 50,960 Agricultural - - - 45 16,644 16,689 Real Estate Commercial Construction 142 - 142 3,251 47,866 51,259 Residential Construction - - - - 11,221 11,221 Commercial 2,309 - 2,309 5,325 324,597 332,231 Residential 5,783 - 5,783 7,462 190,508 203,753 Farmland 282 - 282 1,449 48,220 49,951 Consumer and Other Consumer 313 7 320 202 22,298 22,820 Other - - - 195 7,015 7,210 Total Loans $ 9,701 $ 7 $ 9,708 $ 18,334 $ 718,052 $ 746,094
Impaired Financing Receivables [Table Text Block]	September 30, 2015 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 580 $ 573 $ - $ 562 $ 16 $ 19 Agricultural 174 156 - 158 (10 ) 10 Commercial Construction 7,726 2,736 - 3,191 17 17 Residential Construction - - - - - - Commercial Real Estate 14,412 14,412 - 15,533 412 418 Residential Real Estate 5,359 4,400 - 4,761 165 148 Farmland 1,398 1,397 - 1,419 1 2 Consumer 195 187 - 195 8 11 Other - - - 65 - - 29,844 23,861 - 25,884 609 625 With An Allowance Recorded Commercial 91 91 91 92 - - Agricultural - - - - - - Commercial Construction 78 78 14 97 - - Residential Construction - - - - - - Commercial Real Estate 6,941 6,282 243 5,912 132 123 Residential Real Estate 1,082 1,082 308 1,093 12 12 Farmland 390 390 57 392 16 16 Consumer - - - - - - Other - - - - - - 8,582 7,923 713 7,586 160 151 Total Commercial 671 664 91 654 16 19 Agricultural 174 156 - 158 (10 ) 10 Commercial Construction 7,804 2,814 14 3,288 17 17 Residential Construction - - - - - - Commercial Real Estate 21,353 20,694 243 21,445 544 541 Residential Real Estate 6,441 5,482 308 5,854 177 160 Farmland 1,788 1,787 57 1,811 17 18 Consumer 195 187 - 195 8 11 Other - - - 65 - - $ 38,426 $ 31,784 $ 713 $ 33,470 $ 769 $ 776 December 31, 2014 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 310 $ 308 $ - $ 679 $ 9 $ 18 Agricultural 50 45 - 51 (6 ) 3 Commercial Construction 9,573 3,464 - 3,376 13 13 Commercial Real Estate 17,130 16,228 - 18,350 462 474 Residential Real Estate 9,137 7,600 - 5,691 312 306 Farmland 1,451 1,449 - 949 (8 ) 18 Consumer 202 202 - 212 14 16 Other 207 195 - 197 6 11 38,060 29,491 - 29,505 802 859 With An Allowance Recorded Commercial 97 97 97 420 - - Agricultural - - - - - - Commercial Construction 207 136 54 1,529 - - Commercial Real Estate 6,135 6,135 457 6,415 61 51 Residential Real Estate 2,073 2,065 414 1,829 84 87 Farmland 396 396 29 529 13 12 Consumer - - - - - - Other - - - - - - 8,908 8,829 1,051 10,722 158 150 Total Commercial 407 405 97 1,099 9 18 Agricultural 50 45 - 51 (6 ) 3 Commercial Construction 9,780 3,600 54 4,905 13 13 Commercial Real Estate 23,265 22,363 457 24,765 523 525 Residential Real Estate 11,210 9,665 414 7,520 396 393 Farmland 1,847 1,845 29 1,478 5 30 Consumer 202 202 - 212 14 16 Other 207 195 - 197 6 11 $ 46,968 $ 38,320 $ 1,051 $ 40,227 $ 960 $ 1,009 September 30, 2014 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 394 $ 394 $ - $ 803 $ 6 $ 14 Agricultural 50 45 - 53 (4 ) 6 Commercial Construction 9,210 3,101 - 3,347 2 2 Residential Construction - - - - - - Commercial Real Estate 17,346 16,656 - 19,058 427 445 Residential Real Estate 4,729 3,953 - 5,054 150 142 Farmland 1,330 984 - 782 (19 ) 11 Consumer 181 173 - 215 7 10 Other 212 201 - 198 3 8 33,452 25,507 - 29,510 572 638 With An Allowance Recorded Commercial 99 99 99 527 - - Agricultural - - - - - - Commercial Construction 210 139 59 1,993 - - Residential Construction - - - - - - Commercial Real Estate 5,931 5,931 283 6,508 142 143 Residential Real Estate 4,106 3,349 605 1,751 66 70 Farmland 398 398 31 574 8 7 Consumer - - - - - - Other - - - - - - 10,744 9,916 1,077 11,353 216 220 Total Commercial 493 493 99 1,330 6 14 Agricultural 50 45 - 53 (4 ) 6 Commercial Construction 9,420 3,240 59 5,340 2 2 Residential Construction - - - - - - Commercial Real Estate 23,277 22,587 283 25,566 569 588 Residential Real Estate 8,835 7,302 605 6,805 216 212 Farmland 1,728 1,382 31 1,356 (11 ) 18 Consumer 181 173 - 215 7 10 Other 212 201 - 198 3 8 $ 44,196 $ 35,423 $ 1,077 $ 40,863 $ 788 $ 858
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification # of Contracts Pre-Modification Post-Modification Residential Real Estate 1 $ 226 $ 139 2 $ 1,106 $ 1,036 Total Loans 1 $ 226 $ 139 2 $ 1,106 $ 1,036 Three Months Ended September 30, 2014 Nine Months Ended September 30, 2014 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification # of Contracts Pre-Modification Post-Modification Commercial Real Estate - $ - $ - 2 $ 1,771 $ 1,775 Residential Real Estate - - - 1 49 49 Farmland - - - 1 401 401 Total Loans - $ - $ - 4 $ 2,221 $ 2,225

Note 4 - Allowance for Loan L24

Note 4 - Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block Supplement [Abstract]
Allowance for Credit Losses on Financing Receivables [Table Text Block]	September 30, 2015 Beginning Charge- Ending Balance Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 497 $ (257 ) $ 45 $ 17 $ 302 Agricultural 304 (5 ) 3 4 306 Real Estate Commercial Construction 1,223 (96 ) 282 282 1,691 Residential Construction 138 - - - 138 Commercial 3,665 (275 ) 138 296 3,824 Residential 2,425 (910 ) 95 85 1,695 Farmland 104 (40 ) 10 3 77 Consumer and Other Consumer 67 (167 ) 47 53 - Other 379 (26 ) 15 1 369 $ 8,802 $ (1,776 ) $ 635 $ 741 $ 8,402 September 30, 2014 Beginning Charge- Ending Balance Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 1,017 $ (453 ) $ 69 $ 29 $ 662 Agricultural 294 - 2 8 304 Real Estate Commercial Construction 1,782 (1,541 ) 302 499 1,042 Residential Construction 138 - - - 138 Commercial 4,379 (761 ) 109 522 4,249 Residential 3,278 (670 ) 27 150 2,785 Farmland 312 (234 ) 20 6 104 Consumer and Other Consumer 243 (274 ) 64 93 126 Other 363 - 14 1 378 $ 11,806 $ (3,933 ) $ 607 $ 1,308 $ 9,788 September 30, 2015 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ 91 $ 211 $ 302 $ 91 $ 48,668 $ 48,759 Agricultural - 306 306 8 27,365 27,373 Real Estate Commercial Construction 14 1,677 1,691 2,694 40,895 43,589 Residential Construction - 138 138 - 10,465 10,465 Commercial 243 3,581 3,824 20,049 327,654 347,703 Residential 308 1,387 1,695 3,380 192,420 195,800 Farmland 57 20 77 1,695 59,856 61,551 Consumer and Other Consumer - - - - 20,958 20,958 Other - 369 369 - 8,006 8,006 Total End of Period Balance $ 713 $ 7,689 $ 8,402 $ 27,917 $ 736,287 $ 764,204 September 30, 2014 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ 99 $ 563 $ 662 $ 100 $ 46,381 $ 46,481 Agricultural - 304 304 - 23,017 23,017 Real Estate Commercial Construction 59 983 1,042 3,039 47,416 50,455 Residential Construction - 138 138 - 9,700 9,700 Commercial 283 3,966 4,249 21,348 306,150 327,498 Residential 605 2,180 2,785 5,522 198,791 204,313 Farmland 31 73 104 1,009 49,392 50,401 Consumer and Other Consumer - 126 126 - 23,448 23,448 Other - 378 378 - 7,968 7,968 Total End of Period Balance $ 1,077 $ 8,711 $ 9,788 $ 31,018 $ 712,263 $ 743,281

Note 5 - Other Real Estate Ow25

Note 5 - Other Real Estate Owned (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Other Real Estate, Roll Forward [Table Text Block]	Nine Months Ended Twelve Months Ended September 30, 2015 December 31, 2014 Balance, Beginning $ 10,402 $ 15,502 Additions 6,290 3,853 Sales of OREO (5,329 ) (7,102 ) Gains (Losses) on Sale 66 (844 ) Provision for Losses (431 ) (1,007 ) Balance, Ending $ 10,998 $ 10,402

Note 6 - Deposits (Tables)

Note 6 - Deposits (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Components of Interest Bearing Deposits [Table Text Block]	September 30, 2015 December 31, 2014 Interest-Bearing Demand $ 358,142 $ 363,501 Savings 63,388 59,215 Time, $100,000 and Over 207,988 210,503 Other Time 202,723 217,744 $ 832,241 $ 850,963
Scheduled Maturities of Certificates of Deposits [Table Text Block]	Maturity September 30, 2015 December 31, 2014 One Year and Under $ 294,865 $ 302,585 One to Three Years 91,595 98,219 Three Years and Over 24,251 27,443 $ 410,711 $ 428,247

Note 7 - Other Borrowed Money (

Note 7 - Other Borrowed Money (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, 2015 December 31, 2014 Federal Home Loan Bank Advances $ 40,000 $ 40,000
Schedule of Maturities of Long-term Debt [Table Text Block]	Year Amount 2018 $ 2,500 2019 8,000 2020 2,500 After 2020 $ 27,000 40,000

Note 9 - Subordinated Debentu28

Note 9 - Subordinated Debentures (Trust Preferred Securities) (Tables)	9 Months Ended
	Sep. 30, 2015
Subordinated Borrowings [Abstract]
Schedule of Subordinated Borrowing [Table Text Block]	3 Month Added Total 5 Year Description Date Amount Libor Rate Points Rate Maturity Call Option Colony Bankcorp Statutory Trust III 6/17/2004 $ 4,640 0.33425 2.68 3.01425 6/14/2034 6/17/2009 Colony Bankcorp Capital Trust I 4/13/2006 5,155 0.32660 1.50 1.82660 4/13/2036 4/13/2011 Colony Bankcorp Capital Trust II 3/12/2007 9,279 0.32660 1.65 1.97660 3/12/2037 3/12/2012 Colony Bankcorp Capital Trust III 9/14/2007 5,155 0.29680 1.40 1.69680 9/14/2037 9/14/2012

Note 10 - Commitments and Con29

Note 10 - Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Summary of Financial Instrument Outstanding [Table Text Block]	Contract Amount September 30, 2015 December 31, 2014 Loan Commitments $ 69,325 $ 68,742 Letters of Credit 1,584 1,762

Note 11 - Fair Value of Finan30

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Tables) [Line Items]
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at September 30, 2015 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 33,133 $ 33,133 $ 33,133 $ - $ - Investment Securities Available for Sale 271,611 271,611 - 270,668 943 Investment Securities Held to Maturity 28 28 - 28 - Federal Home Loan Bank Stock 2,731 2,731 2,731 - - Loans, Net 755,447 756,558 - 749,348 7,210 Bank-Owned Life Insurance 14,663 14,663 14,663 - - Liabilities Deposits 958,034 959,594 547,323 412,271 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 40,000 41,640 - 41,640 - Fair Value Measurements at December 31, 2014 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 65,811 $ 65,811 $ 65,811 $ - $ - Investment Securities Available for Sale 274,594 274,594 - 273,646 948 Investment Securities Held to Maturity 30 30 - 30 - Federal Home Loan Bank Stock 2,831 2,831 2,831 - - Loans, Net 736,930 738,948 - 731,170 7,778 Bank-Owned Life Insurance 14,531 14,531 14,531 - - Liabilities Deposits 979,303 980,874 551,057 429,817 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 40,000 41,962 - 41,962 -
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Significant Markets for Other Unobservable Total Fair Identical Assets Observable Inputs September 30, 2015 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale Mortgage-Backed $ 267,380 $ - $ 267,380 $ - State, County and Municipal 4,231 - 3,288 943 $ 271,611 $ - $ 270,668 $ 943 Nonrecurring Impaired Loans $ 7,210 $ - $ - $ 7,210 Other Real Estate $ 4,974 $ - $ - $ 4,974 Fair Value Measurements at Reporting Date Using Quoted Prices in Active Significant Significant Markets for Other Unobservable Total Fair Identical Assets Observable Inputs December 31, 2014 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale Mortgage-Backed $ 271,064 $ - $ 271,064 $ - State, County and Municipal 3,530 - 2,582 948 $ 274,594 $ - $ 273,646 $ 948 Nonrecurring Impaired Loans $ 7,778 $ - $ - $ 7,778 Other Real Estate $ 6,128 $ - $ - $ 6,128
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	September 30, Valuation Unobservable Range 2015 Techniques Inputs Weighted Avg Impaired Loans Real Estate Commercial Construction $ 64 Sales Comparison Adjustment for Differences (15.60% ) - 20.10% Between the Comparable Sales 2.25% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 774 Sales Comparison Adjustment for Differences (15.00% ) - 191.70% Between the Comparable Sales 88.35% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Income Approach Capitalization Rate 12.50% Commercial Real Estate 6,039 Sales Comparison Adjustment for Differences (10.75% ) - 19.48% Between the Comparable Sales 4.37% Management Adjustments for 0.00% - 30.00% Age of Appraisals and/or Current 15.00% Market Conditions Income Approach Capitalization Rate 11.00% Farmland 333 Sales Comparison Adjustment for Differences (8.30% ) - 252.50% Between the Comparable Sales 122.10% Management Adjustments for 10.00% - 75.00% Age of Appraisals and/or Current 42.50% Market Conditions Other Real Estate Owned 4,974 Sales Comparison Adjustment for Differences (78.93% ) - 42.90% Between the Comparable Sales (18.02%) Management Adjustments for 0.33% - 69.36% Age of Appraisals and/or Current 26.27% Market Conditions Income Approach Discount Rate 13.75% Capitalization Rate 11.88% December 31, Valuation Unobservable Range 2014 Techniques Inputs Weighted Avg Real Estate Commercial Construction $ 82 Sales Comparison Adjustment for Differences (22.00%) - 38.10% Between the Comparable Sales 8.05% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 1,651 Sales Comparison Adjustment for Differences (2.30%) - 191.70% Between the Comparable Sales 94.70% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Income Approach Capitalization Rate 13.75% Commercial Real Estate 5,678 Sales Comparison Adjustment for differences 0.00% - 0.00% Between the comparable Sales 0.00% Management Adjustments for 0.00% - 90.00% Age of Appraisals and/or Current 45.00% Market Conditions Income Approach Capitalization Rate 11.00% Farmland 367 Sales Comparison Adjustment for Differences (8.30%) - 252.50% Between the Comparable Sales 122.10% Management Adjustments for 10.00% - 50.00% Age of Appraisals and/or Current 30.00% Market Conditions Other Real Estate Owned 6,128 Sales Comparison Adjustment for Differences (40.00%) - 45.00% Between the Comparable Sales 2.50% Management Adjustment for 0.33% - 69.36% Age of Appraisals and/or Current 31.88% Market Conditions Income Approach Discount Rate 9.00% Capitalization Rate 10.00%
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Available for Sale Securities September 30, 2015 December 31, 2014 Balance, Beginning $ 948 $ 941 Transfers out of Level 3 - - Loss on OTTI Impairment Included in Noninterest Income - - Unrealized Gains included in Other Comprehensive Income (Loss) (5 ) 7 Balance, Ending $ 943 $ 948
Fair Value, Inputs, Level 3 [Member]
Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Tables) [Line Items]
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Valuation Unobservable Range Fair Value Techniques Inputs Weighted Avg State, County and Municipal $ 943 Discounted Cash Flow Discount Rate N/A*

Note 12 - Regulatory Capital 31

Note 12 - Regulatory Capital Matters (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of September 30 , 2015 Total Capital to Risk-Weighted Assets Consolidated $ 135,304 17.01 % $ 63,628 8.00 % N/A N/A Colony Bank 130,450 16.43 63,536 8.00 $ 79,421 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 126,904 15.96 47,721 6.00 N/A N/A Colony Bank 122,048 15.37 47,652 6.00 63,536 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 80,237 10.09 35,791 4.50 N/A N/A Colony Bank 122,048 15.37 35,739 4.50 51,623 6.50 Tier I Capital to Average Assets Consolidated 126,904 11.14 45,571 4.00 N/A N/A Colony Bank 122,048 10.73 45,496 4.00 56,870 5.00 Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2014 Total Capital to Risk-Weighted Assets Consolidated $ 136,022 17.95 % $ 60,639 8.00 % N/A N/A Colony Bank 127,833 16.89 60,542 8.00 $ 75,678 10.00 % Tier 1 Capital to Risk-Weighted Assets Consolidated 127,220 16.78 30,320 4.00 N/A N/A Colony Bank 119,031 15.73 30,271 4.00 45,407 6.00 Tier 1 Capital to Average Assets Consolidated 127,220 11.18 45,509 4.00 N/A N/A Colony Bank 119,031 10.50 45,364 4.00 56,705 5.00

Note 13 - Earnings Per Share (T

Note 13 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30 September 30 2015 2014 2015 2014 Numerator Net Income Available to Common Stockholders $ 1,606 $ 1,384 $ 4,414 $ 3,533 Denominator Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share 8,439 8,439 8,439 8,439 Dilutive Effect of Potential Common Stock Restricted Stock - - - - Stock Warrants 27 - 10 - Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share 8,466 8,439 8,449 8,439 Earnings Per Share - Basic $ 0.19 $ 0.16 $ 0.52 $ 0.42 Earnings Per Share - Diluted $ 0.19 $ 0.16 $ 0.52 $ 0.42

Note 1 - Summary of Significa33

Note 1 - Summary of Significant Accounting Policies (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items]
Percentage of Loan Portfolio Concentrated in Loans Secured by Real Estate	86.00%
Discounted Percentage for Selling and Marketing Cost	10.00%
Probability of Uncertain Tax Positions of Being Realized Upon Settlement Minimum	50.00%
Other Assets [Member]
Note 1 - Summary of Significant Accounting Policies (Details) [Line Items]
Cash Surrender Value of Life Insurance (in Dollars)	$ 14,663	$ 14,531

Note 1 - Summary of Significa34

Note 1 - Summary of Significant Accounting Policies (Details) - Estimated Useful Lives and Methods of Depreciation	9 Months Ended
	Sep. 30, 2015
Banking Premises [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, depreciation method	Straight-Line and Accelerated
Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, depreciation method	Straight-Line and Accelerated
Minimum [Member] | Banking Premises [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	15 years
Minimum [Member] | Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Maximum [Member] | Banking Premises [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years
Maximum [Member] | Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years

Note 2 - Investment Securitie35

Note 2 - Investment Securities (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Proceeds from Sale of Available-for-sale Securities	$ 28,274,000	$ 0
Available-for-sale Securities, Gross Realized Gains	208,000	$ 1
Available-for-sale Securities, Gross Realized Losses	196,000
Held-to-maturity Securities Pledged as Collateral	$ 124,704,000		$ 135,532,000
Depreciated Debt Securities With Unrealized Losses	2.35%

Note 2 - Investment Securitie36

Note 2 - Investment Securities (Details) - Investment Securities - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
U.S. Government Agencies
Available for sale securities, amortized cost	$ 275,217	$ 281,935
Available for sale securities, gross unrealized gains	529	183
Available for sale securities, gross unrealized losses	(4,135)	(7,524)
Available for sale securities, fair value	271,611	274,594
Securities Held to Maturity:
Held to maturity securities, amortized cost	28	30
Held to maturity securities, fair value	28	30
US Government Agencies Debt Securities [Member]
U.S. Government Agencies
Available for sale securities, amortized cost	271,010	278,419
Available for sale securities, gross unrealized gains	485	156
Available for sale securities, gross unrealized losses	(4,115)	(7,511)
Available for sale securities, fair value	267,380	271,064
US States and Political Subdivisions Debt Securities [Member]
U.S. Government Agencies
Available for sale securities, amortized cost	4,207	3,516
Available for sale securities, gross unrealized gains	44	27
Available for sale securities, gross unrealized losses	(20)	(13)
Available for sale securities, fair value	4,231	3,530
Securities Held to Maturity:
Held to maturity securities, amortized cost	28	30
Held to maturity securities, gross unrealized gains	0	0
Held to maturity securities, gross unrealized losses	0	0
Held to maturity securities, fair value	$ 28	$ 30

Note 2 - Investment Securitie37

Note 2 - Investment Securities (Details) - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Amortized Cost and Fair Value of Investment Securities by Contractual Maturity [Abstract]
Due In One Year or Less	$ 331
Due In One Year or Less	333
Due In One Year or Less	28
Due In One Year or Less	28
Due After One Year Through Five Years	784
Due After One Year Through Five Years	790
Due After One Year Through Five Years	0
Due After One Year Through Five Years	0
Due After Five Years Through Ten Years	1,595
Due After Five Years Through Ten Years	1,624
Due After Five Years Through Ten Years	0
Due After Five Years Through Ten Years	0
Due After Ten Years	1,497
Due After Ten Years	1,484
Due After Ten Years	0
Due After Ten Years	0
	4,207
	4,231
	28
	28
Mortgage-Backed Securities	271,010
Mortgage-Backed Securities	267,380
Mortgage-Backed Securities	0
Mortgage-Backed Securities	0
	275,217
	271,611
	28	$ 30
	$ 28	$ 30

Note 2 - Investment Securitie38

Note 2 - Investment Securities (Details) - Investment Securities in a Continuous Unrealized Loss Position - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
U.S. Government Agencies
Continous unrealized loss, less than 12 months, fair value	$ 28,854	$ 66,609
Continous unrealized loss, less than 12 months, gross unrealized losses	(182)	(397)
Continous unrealized loss, greater than 12 months, fair value	142,938	185,025
Continous unrealized loss, greater than 12 months, gross unrealized losses	(3,953)	(7,127)
Continous unrealized loss, fair value	171,792	251,634
Continous unrealized loss, gross unrealized losses	(4,135)	(7,524)
US Government Agencies Debt Securities [Member]
U.S. Government Agencies
Continous unrealized loss, less than 12 months, fair value	27,858	66,609
Continous unrealized loss, less than 12 months, gross unrealized losses	(162)	(397)
Continous unrealized loss, greater than 12 months, fair value	142,938	183,646
Continous unrealized loss, greater than 12 months, gross unrealized losses	(3,953)	(7,114)
Continous unrealized loss, fair value	170,796	250,255
Continous unrealized loss, gross unrealized losses	(4,115)	(7,511)
US States and Political Subdivisions Debt Securities [Member]
U.S. Government Agencies
Continous unrealized loss, less than 12 months, fair value	996
Continous unrealized loss, less than 12 months, gross unrealized losses	(20)
Continous unrealized loss, greater than 12 months, fair value		1,379
Continous unrealized loss, greater than 12 months, gross unrealized losses		(13)
Continous unrealized loss, fair value	996	1,379
Continous unrealized loss, gross unrealized losses	$ (20)	$ (13)

Note 3 - Loans (Details)

Note 3 - Loans (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)
Receivables [Abstract]
Loans and Leases Receivable, Impaired, Commitment to Lend (in Dollars)	$ 0	$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0

Note 3 - Loans (Details) - Loan

Note 3 - Loans (Details) - Loans Segregated by Class of Loans - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Commercial and Agricultural
Loans receivable	$ 764,204	$ 746,094	$ 743,281
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Commercial and Agricultural
Loans receivable	48,759	50,960	46,481
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Commercial and Agricultural
Loans receivable	27,373	16,689	23,017
Real Estate Portfolio Segment [Member] | Commercial [Member]
Commercial and Agricultural
Loans receivable	347,703	332,231	327,498
Real Estate Portfolio Segment [Member] | Commercial Constuction [Member]
Commercial and Agricultural
Loans receivable	43,589	51,259	50,455
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Commercial and Agricultural
Loans receivable	10,465	11,221	9,700
Real Estate Portfolio Segment [Member] | Residential [Member]
Commercial and Agricultural
Loans receivable	195,800	203,753	204,313
Real Estate Portfolio Segment [Member] | Farmland [Member]
Commercial and Agricultural
Loans receivable	61,551	49,951	50,401
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Commercial and Agricultural
Loans receivable	20,958	22,820	23,448
Consumer and Other Portfolio Segment [Member] | Other [Member]
Commercial and Agricultural
Loans receivable	$ 8,006	$ 7,210	$ 7,968

Note 3 - Loans (Details) - Lo41

Note 3 - Loans (Details) - Loan Portfolio by Credit Quality Indicator - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Commercial and Agricultural
Loans receivable	$ 764,204	$ 746,094	$ 743,281
Pass [Member]
Commercial and Agricultural
Loans receivable	712,731	686,072
Special Mention [Member]
Commercial and Agricultural
Loans receivable	19,450	27,139
Substandard [Member]
Commercial and Agricultural
Loans receivable	32,023	32,883
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Commercial and Agricultural
Loans receivable	48,759	50,960	46,481
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Pass [Member]
Commercial and Agricultural
Loans receivable	44,955	46,230
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member]
Commercial and Agricultural
Loans receivable	1,985	2,905
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Substandard [Member]
Commercial and Agricultural
Loans receivable	1,819	1,825
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Commercial and Agricultural
Loans receivable	27,373	16,689	23,017
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Pass [Member]
Commercial and Agricultural
Loans receivable	27,150	16,504
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Special Mention [Member]
Commercial and Agricultural
Loans receivable	18	27
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Substandard [Member]
Commercial and Agricultural
Loans receivable	205	158
Real Estate Portfolio Segment [Member] | Commercial [Member]
Commercial and Agricultural
Loans receivable	347,703	332,231	327,498
Real Estate Portfolio Segment [Member] | Commercial [Member] | Pass [Member]
Commercial and Agricultural
Loans receivable	330,711	309,828
Real Estate Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member]
Commercial and Agricultural
Loans receivable	6,529	11,220
Real Estate Portfolio Segment [Member] | Commercial [Member] | Substandard [Member]
Commercial and Agricultural
Loans receivable	10,463	11,183
Real Estate Portfolio Segment [Member] | Commercial Constuction [Member]
Commercial and Agricultural
Loans receivable	43,589	51,259	50,455
Real Estate Portfolio Segment [Member] | Commercial Constuction [Member] | Pass [Member]
Commercial and Agricultural
Loans receivable	38,819	45,063
Real Estate Portfolio Segment [Member] | Commercial Constuction [Member] | Special Mention [Member]
Commercial and Agricultural
Loans receivable	1,135	1,741
Real Estate Portfolio Segment [Member] | Commercial Constuction [Member] | Substandard [Member]
Commercial and Agricultural
Loans receivable	3,635	4,455
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Commercial and Agricultural
Loans receivable	10,465	11,221	9,700
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Pass [Member]
Commercial and Agricultural
Loans receivable	10,465	11,221
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Special Mention [Member]
Commercial and Agricultural
Loans receivable	0	0
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Substandard [Member]
Commercial and Agricultural
Loans receivable	0	0
Real Estate Portfolio Segment [Member] | Residential [Member]
Commercial and Agricultural
Loans receivable	195,800	203,753	204,313
Real Estate Portfolio Segment [Member] | Residential [Member] | Pass [Member]
Commercial and Agricultural
Loans receivable	175,906	180,550
Real Estate Portfolio Segment [Member] | Residential [Member] | Special Mention [Member]
Commercial and Agricultural
Loans receivable	8,764	10,582
Real Estate Portfolio Segment [Member] | Residential [Member] | Substandard [Member]
Commercial and Agricultural
Loans receivable	11,130	12,621
Real Estate Portfolio Segment [Member] | Farmland [Member]
Commercial and Agricultural
Loans receivable	61,551	49,951	50,401
Real Estate Portfolio Segment [Member] | Farmland [Member] | Pass [Member]
Commercial and Agricultural
Loans receivable	56,352	47,548
Real Estate Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member]
Commercial and Agricultural
Loans receivable	821	415
Real Estate Portfolio Segment [Member] | Farmland [Member] | Substandard [Member]
Commercial and Agricultural
Loans receivable	4,378	1,988
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Commercial and Agricultural
Loans receivable	20,958	22,820	23,448
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Pass [Member]
Commercial and Agricultural
Loans receivable	20,394	22,115
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Special Mention [Member]
Commercial and Agricultural
Loans receivable	171	249
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Substandard [Member]
Commercial and Agricultural
Loans receivable	393	456
Consumer and Other Portfolio Segment [Member] | Other [Member]
Commercial and Agricultural
Loans receivable	8,006	7,210	$ 7,968
Consumer and Other Portfolio Segment [Member] | Other [Member] | Pass [Member]
Commercial and Agricultural
Loans receivable	7,979	7,013
Consumer and Other Portfolio Segment [Member] | Other [Member] | Special Mention [Member]
Commercial and Agricultural
Loans receivable	27	0
Consumer and Other Portfolio Segment [Member] | Other [Member] | Substandard [Member]
Commercial and Agricultural
Loans receivable	$ 0	$ 197

Note 3 - Loans (Details) - Age

Note 3 - Loans (Details) - Age Analysis of Past Due Loans and Nonaccrual Loans - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Commercial and Agricultural
Accruing loans past due	$ 6,488	$ 9,708
Nonaccrual loans	13,559	18,334
Current loans	744,157	718,052
Loans receivable	764,204	746,094	$ 743,281
Financing Receivables, 30-89 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	6,480	9,701
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	8	7
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Commercial and Agricultural
Accruing loans past due	659	872
Nonaccrual loans	664	405
Current loans	47,436	49,683
Loans receivable	48,759	50,960	46,481
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	659	872
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	0	0
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Commercial and Agricultural
Accruing loans past due	22	0
Nonaccrual loans	156	45
Current loans	27,195	16,644
Loans receivable	27,373	16,689	23,017
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	22	0
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	0	0
Real Estate Portfolio Segment [Member] | Commercial [Member]
Commercial and Agricultural
Accruing loans past due	2,689	2,309
Nonaccrual loans	5,242	5,325
Current loans	339,772	324,597
Loans receivable	347,703	332,231	327,498
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	2,689	2,309
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	0	0
Real Estate Portfolio Segment [Member] | Commercial Constuction [Member]
Commercial and Agricultural
Accruing loans past due	478	142
Nonaccrual loans	2,479	3,251
Current loans	40,632	47,866
Loans receivable	43,589	51,259	50,455
Real Estate Portfolio Segment [Member] | Commercial Constuction [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	478	142
Real Estate Portfolio Segment [Member] | Commercial Constuction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	0	0
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Commercial and Agricultural
Accruing loans past due	0	0
Nonaccrual loans	0	0
Current loans	10,465	11,221
Loans receivable	10,465	11,221	9,700
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	0	0
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	0	0
Real Estate Portfolio Segment [Member] | Residential [Member]
Commercial and Agricultural
Accruing loans past due	2,299	5,783
Nonaccrual loans	3,434	7,462
Current loans	190,067	190,508
Loans receivable	195,800	203,753	204,313
Real Estate Portfolio Segment [Member] | Residential [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	2,299	5,783
Real Estate Portfolio Segment [Member] | Residential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	0	0
Real Estate Portfolio Segment [Member] | Farmland [Member]
Commercial and Agricultural
Accruing loans past due	72	282
Nonaccrual loans	1,397	1,449
Current loans	60,082	48,220
Loans receivable	61,551	49,951	50,401
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	72	282
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	0	0
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Commercial and Agricultural
Accruing loans past due	243	320
Nonaccrual loans	187	202
Current loans	20,528	22,298
Loans receivable	20,958	22,820	23,448
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	235	313
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	8	7
Consumer and Other Portfolio Segment [Member] | Other [Member]
Commercial and Agricultural
Accruing loans past due	26	0
Nonaccrual loans	0	195
Current loans	7,980	7,015
Loans receivable	8,006	7,210	$ 7,968
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	26	0
Consumer and Other Portfolio Segment [Member] | Other [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Commercial and Agricultural
Accruing loans past due	$ 0	$ 0

Note 3 - Loans (Details) - Impa

Note 3 - Loans (Details) - Impaired Loan Data - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Allowance Recorded
Unpaid contractual principal balance with no related allowance	$ 29,844	$ 33,452	$ 38,060
Impaired balance with no related allowance	23,861	25,507	29,491
Average recorded investment with no related allowance	25,884	29,510	29,505
Interest income recognized with no related allowance	609	572	802
Interest income collected with no related allowance	625	638	859
With An Allowance Recorded
Unpaid contractual principal balance with an allowance	8,582	10,744	8,908
Impaired balance with an allowance	7,923	9,916	8,829
Related allowance	713	1,077	1,051
Average recorded investment with an allowance	7,586	11,353	10,722
Interest income recognized with an allowance	160	216	158
Interest income collected with an allowance	151	220	150
Total
Unpaid contractual principal balance	38,426	44,196	46,968
Impaired balance	31,784	35,423	38,320
Related allowance	713	1,077	1,051
Average recorded investment	33,470	40,863	40,227
Interest income recognized	769	788	960
Interest income collected	776	858	1,009
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Allowance Recorded
Unpaid contractual principal balance with no related allowance	580	394	310
Impaired balance with no related allowance	573	394	308
Average recorded investment with no related allowance	562	803	679
Interest income recognized with no related allowance	16	6	9
Interest income collected with no related allowance	19	14	18
With An Allowance Recorded
Unpaid contractual principal balance with an allowance	91	99	97
Impaired balance with an allowance	91	99	97
Related allowance	91	99	97
Average recorded investment with an allowance	92	527	420
Interest income recognized with an allowance	0	0	0
Interest income collected with an allowance	0	0	0
Total
Unpaid contractual principal balance	671	493	407
Impaired balance	664	493	405
Related allowance	91	99	97
Average recorded investment	654	1,330	1,099
Interest income recognized	16	6	9
Interest income collected	19	14	18
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Allowance Recorded
Unpaid contractual principal balance with no related allowance	174	50	50
Impaired balance with no related allowance	156	45	45
Average recorded investment with no related allowance	158	53	51
Interest income recognized with no related allowance	(10)	(4)	(6)
Interest income collected with no related allowance	10	6	3
With An Allowance Recorded
Unpaid contractual principal balance with an allowance	0	0	0
Impaired balance with an allowance	0	0	0
Related allowance	0	0	0
Average recorded investment with an allowance	0	0	0
Interest income recognized with an allowance	0	0	0
Interest income collected with an allowance	0	0	0
Total
Unpaid contractual principal balance	174	50	50
Impaired balance	156	45	45
Related allowance	0	0	0
Average recorded investment	158	53	51
Interest income recognized	(10)	(4)	(6)
Interest income collected	10	6	3
Real Estate Portfolio Segment [Member] | Commercial [Member]
Allowance Recorded
Unpaid contractual principal balance with no related allowance	14,412	17,346	17,130
Impaired balance with no related allowance	14,412	16,656	16,228
Average recorded investment with no related allowance	15,533	19,058	18,350
Interest income recognized with no related allowance	412	427	462
Interest income collected with no related allowance	418	445	474
With An Allowance Recorded
Unpaid contractual principal balance with an allowance	6,941	5,931	6,135
Impaired balance with an allowance	6,282	5,931	6,135
Related allowance	243	283	457
Average recorded investment with an allowance	5,912	6,508	6,415
Interest income recognized with an allowance	132	142	61
Interest income collected with an allowance	123	143	51
Total
Unpaid contractual principal balance	21,353	23,277	23,265
Impaired balance	20,694	22,587	22,363
Related allowance	243	283	457
Average recorded investment	21,445	25,566	24,765
Interest income recognized	544	569	523
Interest income collected	541	588	525
Real Estate Portfolio Segment [Member] | Commercial Constuction [Member]
Allowance Recorded
Unpaid contractual principal balance with no related allowance	7,726	9,210	9,573
Impaired balance with no related allowance	2,736	3,101	3,464
Average recorded investment with no related allowance	3,191	3,347	3,376
Interest income recognized with no related allowance	17	2	13
Interest income collected with no related allowance	17	2	13
With An Allowance Recorded
Unpaid contractual principal balance with an allowance	78	210	207
Impaired balance with an allowance	78	139	136
Related allowance	14	59	54
Average recorded investment with an allowance	97	1,993	1,529
Interest income recognized with an allowance	0	0	0
Interest income collected with an allowance	0	0	0
Total
Unpaid contractual principal balance	7,804	9,420	9,780
Impaired balance	2,814	3,240	3,600
Related allowance	14	59	54
Average recorded investment	3,288	5,340	4,905
Interest income recognized	17	2	13
Interest income collected	17	2	13
Real Estate Portfolio Segment [Member] | Residential [Member]
Allowance Recorded
Unpaid contractual principal balance with no related allowance	5,359	4,729	9,137
Impaired balance with no related allowance	4,400	3,953	7,600
Average recorded investment with no related allowance	4,761	5,054	5,691
Interest income recognized with no related allowance	165	150	312
Interest income collected with no related allowance	148	142	306
With An Allowance Recorded
Unpaid contractual principal balance with an allowance	1,082	4,106	2,073
Impaired balance with an allowance	1,082	3,349	2,065
Related allowance	308	605	414
Average recorded investment with an allowance	1,093	1,751	1,829
Interest income recognized with an allowance	12	66	84
Interest income collected with an allowance	12	70	87
Total
Unpaid contractual principal balance	6,441	8,835	11,210
Impaired balance	5,482	7,302	9,665
Related allowance	308	605	414
Average recorded investment	5,854	6,805	7,520
Interest income recognized	177	216	396
Interest income collected	160	212	393
Real Estate Portfolio Segment [Member] | Farmland [Member]
Allowance Recorded
Unpaid contractual principal balance with no related allowance	1,398	1,330	1,451
Impaired balance with no related allowance	1,397	984	1,449
Average recorded investment with no related allowance	1,419	782	949
Interest income recognized with no related allowance	1	(19)	(8)
Interest income collected with no related allowance	2	11	18
With An Allowance Recorded
Unpaid contractual principal balance with an allowance	390	398	396
Impaired balance with an allowance	390	398	396
Related allowance	57	31	29
Average recorded investment with an allowance	392	574	529
Interest income recognized with an allowance	16	8	13
Interest income collected with an allowance	16	7	12
Total
Unpaid contractual principal balance	1,788	1,728	1,847
Impaired balance	1,787	1,382	1,845
Related allowance	57	31	29
Average recorded investment	1,811	1,356	1,478
Interest income recognized	17	(11)	5
Interest income collected	18	18	30
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Allowance Recorded
Unpaid contractual principal balance with no related allowance		0
Impaired balance with no related allowance		0
Average recorded investment with no related allowance		0
Interest income recognized with no related allowance		0
Interest income collected with no related allowance		0
With An Allowance Recorded
Unpaid contractual principal balance with an allowance	0	0
Impaired balance with an allowance	0	0
Related allowance	0	0
Average recorded investment with an allowance	0	0
Interest income recognized with an allowance	0	0
Interest income collected with an allowance	0	0
Total
Unpaid contractual principal balance	0	0
Impaired balance	0	0
Related allowance	0	0
Average recorded investment	0	0
Interest income recognized	0	0
Interest income collected	0	0
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Allowance Recorded
Unpaid contractual principal balance with no related allowance	195	181	202
Impaired balance with no related allowance	187	173	202
Average recorded investment with no related allowance	195	215	212
Interest income recognized with no related allowance	8	7	14
Interest income collected with no related allowance	11	10	16
With An Allowance Recorded
Unpaid contractual principal balance with an allowance	0	0	0
Impaired balance with an allowance	0	0	0
Related allowance	0	0	0
Average recorded investment with an allowance	0	0	0
Interest income recognized with an allowance	0	0	0
Interest income collected with an allowance	0	0	0
Total
Unpaid contractual principal balance	195	181	202
Impaired balance	187	173	202
Related allowance	0	0	0
Average recorded investment	195	215	212
Interest income recognized	8	7	14
Interest income collected	11	10	16
Consumer and Other Portfolio Segment [Member] | Other [Member]
Allowance Recorded
Unpaid contractual principal balance with no related allowance	0	212	207
Impaired balance with no related allowance	0	201	195
Average recorded investment with no related allowance	65	198	197
Interest income recognized with no related allowance	0	3	6
Interest income collected with no related allowance	0	8	11
With An Allowance Recorded
Unpaid contractual principal balance with an allowance	0	0	0
Impaired balance with an allowance	0	0	0
Related allowance	0	0	0
Average recorded investment with an allowance	0	0	0
Interest income recognized with an allowance	0	0	0
Interest income collected with an allowance	0	0	0
Total
Unpaid contractual principal balance	0	212	207
Impaired balance	0	201	195
Related allowance	0	0	0
Average recorded investment	65	198	197
Interest income recognized	0	3	6
Interest income collected	$ 0	$ 8	$ 11

Note 3 - Loans (Details) - Lo44

Note 3 - Loans (Details) - Loans Modified in a Troubled Debt Restructuring $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Financing Receivable, Modifications [Line Items]
Number of contracts	1	0	2	4
Pre-modification	$ 226	$ 0	$ 1,106	$ 2,221
Post-modification	$ 139	$ 0	$ 1,036	$ 2,225
Real Estate Portfolio Segment [Member] | Residential [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts	1	0	2	1
Pre-modification	$ 226	$ 0	$ 1,106	$ 49
Post-modification	$ 139	$ 0	$ 1,036	$ 49
Real Estate Portfolio Segment [Member] | Commercial [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		0		2
Pre-modification		$ 0		$ 1,771
Post-modification		$ 0		$ 1,775
Real Estate Portfolio Segment [Member] | Farmland [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts		0		1
Pre-modification		$ 0		$ 401
Post-modification		$ 0		$ 401

Note 4 - Allowance for Loan L45

Note 4 - Allowance for Loan Losses (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Note 4 - Allowance for Loan Losses (Details) [Line Items]
Loan Balance for Reviewing High Risk Loans Minimum	$ 250,000
Loans and Leases Receivable, Gross	764,204,000	$ 746,094,000	$ 743,281,000
Loans and Leases Receivable, Allowance	8,402,000	8,802,000	9,788,000	$ 11,806,000
Impaired Financing Receivable Recorded Investment Below Review Threshold	3,900,000		4,410,000
Substandard [Member]
Note 4 - Allowance for Loan Losses (Details) [Line Items]
Loans and Leases Receivable, Gross	32,023,000	$ 32,883,000
Loans Not Classified as Impaired [Member] | Substandard [Member]
Note 4 - Allowance for Loan Losses (Details) [Line Items]
Loans and Leases Receivable, Gross	14,030,000		12,700,000
Loans and Leases Receivable, Allowance	$ 1,300,000		$ 1,100,000

Note 4 - Allowance for Loan L46

Note 4 - Allowance for Loan Losses (Details) - Allowance for Loan Losses - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Commercial and Agricultural
Allowance for loan losses, beginning balance			$ 8,802	$ 11,806
Allowance for loan losses, charge-offs			(1,776)	(3,933)
Allowance for loan losses, recoveries			635	607
Allowance for loan losses, provision	$ 250	$ 500	741	1,308
Allowance for loan losses, ending balance	8,402	9,788	8,402	9,788
Allowance for loan losses, individually evaluated for impairment	713	1,077	713	1,077
Allowance for loan losses, collectively evaluated for impairment	7,689	8,711	7,689	8,711
Loans receivable, individually evaluated for impairment	27,917	31,018	27,917	31,018
Loans receivable, collectively evaluated for impairment	736,287	712,263	736,287	712,263
Loans receivable	764,204	743,281	764,204	743,281	$ 746,094
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Commercial and Agricultural
Allowance for loan losses, beginning balance			497	1,017
Allowance for loan losses, charge-offs			(257)	(453)
Allowance for loan losses, recoveries			45	69
Allowance for loan losses, provision			17	29
Allowance for loan losses, ending balance	302	662	302	662
Allowance for loan losses, individually evaluated for impairment	91	99	91	99
Allowance for loan losses, collectively evaluated for impairment	211	563	211	563
Loans receivable, individually evaluated for impairment	91	100	91	100
Loans receivable, collectively evaluated for impairment	48,668	46,381	48,668	46,381
Loans receivable	48,759	46,481	48,759	46,481	50,960
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Commercial and Agricultural
Allowance for loan losses, beginning balance			304	294
Allowance for loan losses, charge-offs			(5)	0
Allowance for loan losses, recoveries			3	2
Allowance for loan losses, provision			4	8
Allowance for loan losses, ending balance	306	304	306	304
Allowance for loan losses, individually evaluated for impairment	0	0	0	0
Allowance for loan losses, collectively evaluated for impairment	306	304	306	304
Loans receivable, individually evaluated for impairment	8	0	8	0
Loans receivable, collectively evaluated for impairment	27,365	23,017	27,365	23,017
Loans receivable	27,373	23,017	27,373	23,017	16,689
Real Estate Portfolio Segment [Member] | Commercial [Member]
Commercial and Agricultural
Allowance for loan losses, beginning balance			3,665	4,379
Allowance for loan losses, charge-offs			(275)	(761)
Allowance for loan losses, recoveries			138	109
Allowance for loan losses, provision			296	522
Allowance for loan losses, ending balance	3,824	4,249	3,824	4,249
Allowance for loan losses, individually evaluated for impairment	243	283	243	283
Allowance for loan losses, collectively evaluated for impairment	3,581	3,966	3,581	3,966
Loans receivable, individually evaluated for impairment	20,049	21,348	20,049	21,348
Loans receivable, collectively evaluated for impairment	327,654	306,150	327,654	306,150
Loans receivable	347,703	327,498	347,703	327,498	332,231
Real Estate Portfolio Segment [Member] | Commercial Constuction [Member]
Commercial and Agricultural
Allowance for loan losses, beginning balance			1,223	1,782
Allowance for loan losses, charge-offs			(96)	(1,541)
Allowance for loan losses, recoveries			282	302
Allowance for loan losses, provision			282	499
Allowance for loan losses, ending balance	1,691	1,042	1,691	1,042
Allowance for loan losses, individually evaluated for impairment	14	59	14	59
Allowance for loan losses, collectively evaluated for impairment	1,677	983	1,677	983
Loans receivable, individually evaluated for impairment	2,694	3,039	2,694	3,039
Loans receivable, collectively evaluated for impairment	40,895	47,416	40,895	47,416
Loans receivable	43,589	50,455	43,589	50,455	51,259
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Commercial and Agricultural
Allowance for loan losses, beginning balance			138	138
Allowance for loan losses, charge-offs			0	0
Allowance for loan losses, recoveries			0	0
Allowance for loan losses, provision			0	0
Allowance for loan losses, ending balance	138	138	138	138
Allowance for loan losses, individually evaluated for impairment	0	0	0	0
Allowance for loan losses, collectively evaluated for impairment	138	138	138	138
Loans receivable, individually evaluated for impairment	0	0	0	0
Loans receivable, collectively evaluated for impairment	10,465	9,700	10,465	9,700
Loans receivable	10,465	9,700	10,465	9,700	11,221
Real Estate Portfolio Segment [Member] | Residential [Member]
Commercial and Agricultural
Allowance for loan losses, beginning balance			2,425	3,278
Allowance for loan losses, charge-offs			(910)	(670)
Allowance for loan losses, recoveries			95	27
Allowance for loan losses, provision			85	150
Allowance for loan losses, ending balance	1,695	2,785	1,695	2,785
Allowance for loan losses, individually evaluated for impairment	308	605	308	605
Allowance for loan losses, collectively evaluated for impairment	1,387	2,180	1,387	2,180
Loans receivable, individually evaluated for impairment	3,380	5,522	3,380	5,522
Loans receivable, collectively evaluated for impairment	192,420	198,791	192,420	198,791
Loans receivable	195,800	204,313	195,800	204,313	203,753
Real Estate Portfolio Segment [Member] | Farmland [Member]
Commercial and Agricultural
Allowance for loan losses, beginning balance			104	312
Allowance for loan losses, charge-offs			(40)	(234)
Allowance for loan losses, recoveries			10	20
Allowance for loan losses, provision			3	6
Allowance for loan losses, ending balance	77	104	77	104
Allowance for loan losses, individually evaluated for impairment	57	31	57	31
Allowance for loan losses, collectively evaluated for impairment	20	73	20	73
Loans receivable, individually evaluated for impairment	1,695	1,009	1,695	1,009
Loans receivable, collectively evaluated for impairment	59,856	49,392	59,856	49,392
Loans receivable	61,551	50,401	61,551	50,401	49,951
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Commercial and Agricultural
Allowance for loan losses, beginning balance			67	243
Allowance for loan losses, charge-offs			(167)	(274)
Allowance for loan losses, recoveries			47	64
Allowance for loan losses, provision			53	93
Allowance for loan losses, ending balance	0	126	0	126
Allowance for loan losses, individually evaluated for impairment	0	0	0	0
Allowance for loan losses, collectively evaluated for impairment	0	126	0	126
Loans receivable, individually evaluated for impairment	0	0	0	0
Loans receivable, collectively evaluated for impairment	20,958	23,448	20,958	23,448
Loans receivable	20,958	23,448	20,958	23,448	22,820
Consumer and Other Portfolio Segment [Member] | Other [Member]
Commercial and Agricultural
Allowance for loan losses, beginning balance			379	363
Allowance for loan losses, charge-offs			(26)	0
Allowance for loan losses, recoveries			15	14
Allowance for loan losses, provision			1	1
Allowance for loan losses, ending balance	369	378	369	378
Allowance for loan losses, individually evaluated for impairment	0	0	0	0
Allowance for loan losses, collectively evaluated for impairment	369	378	369	378
Loans receivable, individually evaluated for impairment	0	0	0	0
Loans receivable, collectively evaluated for impairment	8,006	7,968	8,006	7,968
Loans receivable	$ 8,006	$ 7,968	$ 8,006	$ 7,968	$ 7,210

Note 5 - Other Real Estate Ow47

Note 5 - Other Real Estate Owned (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Disclosure Text Block [Abstract]
Other Real Estate	$ 10,998	$ 10,402	$ 15,502
Other Real Estate, Foreclosed Assets, and Repossessed Assets	1,350
Mortgage Loans in Process of Foreclosure, Amount	$ 439

Note 5 - Other Real Estate Ow48

Note 5 - Other Real Estate Owned (Details) - Change in OREO - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Change in OREO [Abstract]
Balance, Beginning	$ 10,402	$ 15,502
Balance, Ending	10,998	10,402
Additions	6,290	3,853
Sales of OREO	(5,329)	(7,102)
Gains (Losses) on Sale	66	(844)
Provision for Losses	$ (431)	$ (1,007)

Note 6 - Deposits (Details)

Note 6 - Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Note 6 - Deposits (Details) [Line Items]
Deposit Liabilities Reclassified as Loans Receivable	$ 503	$ 511
Interest-bearing Domestic Deposit, Brokered	25,837	26,298
Time Deposits, $100,000 or More	207,988	210,503
Certificates of Deposit [Member]
Note 6 - Deposits (Details) [Line Items]
Time Deposits, $100,000 or More	$ 143,772	$ 140,832

Note 6 - Deposits (Details) - C

Note 6 - Deposits (Details) - Components of Interest-bearing Deposits - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Components of Interest-bearing Deposits [Abstract]
Interest-Bearing Demand	$ 358,142	$ 363,501
Savings	63,388	59,215
Time, $100,000 and Over	207,988	210,503
Other Time	202,723	217,744
	$ 832,241	$ 850,963

Note 6 - Deposits (Details) - M

Note 6 - Deposits (Details) - Maturities of Certificates of Deposits - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Maturities of Certificates of Deposits [Abstract]
One Year and Under	$ 294,865	$ 302,585
One to Three Years	91,595	98,219
Three Years and Over	24,251	27,443
	$ 410,711	$ 428,247

Note 7 - Other Borrowed Money52

Note 7 - Other Borrowed Money (Details)	Sep. 30, 2015USD ($)
Note 7 - Other Borrowed Money (Details) [Line Items]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Due Date, Earliest	2,018
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Due Date, Last	2,022
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate, Range from	1.47%
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate, Range to	4.75%
Pledged Financial Instruments, Not Separately Reported, Loans Receivable Pledged as Collateral	$ 104,494,000
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds	130,570,000
Line of Credit Facility, Current Borrowing Capacity	43,500,000
Long-term Line of Credit	0
Repurchase Agreements [Member]
Note 7 - Other Borrowed Money (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	50,000,000
Federal Reserve Bank Advances [Member]
Note 7 - Other Borrowed Money (Details) [Line Items]
Short-term Debt	$ 0

Note 7 - Other Borrowed Money53

Note 7 - Other Borrowed Money (Details) - Other Borrowed Money - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Other Borrowed Money [Abstract]
Federal Home Loan Bank Advances	$ 40,000	$ 40,000

Note 7 - Other Borrowed Money54

Note 7 - Other Borrowed Money (Details) - Aggregate Stated Maturities of Other Borrowed Money - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Aggregate Stated Maturities of Other Borrowed Money [Abstract]
2,018	$ 2,500
2,019	8,000
2,020	2,500
After 2,020	27,000
	$ 40,000	$ 40,000

Note 8 - Preferred Stock and 55

Note 8 - Preferred Stock and Warrants (Details) - $ / shares	Jan. 08, 2014	Sep. 30, 2015	Dec. 31, 2014
Note 8 - Preferred Stock and Warrants (Details) [Line Items]
Preferred Stock, Shares Issued		23,167	28,000
Preferred Stock, Redemption, Shares Authorized		4,833
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		500,000
Preferred Stock, Liquidation Preference Per Share (in Dollars per share)		$ 1,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)		$ 8.40
Preferred Stock, Dividend Rate, Percentage	5.00%	9.00%
Cumulative Preferred Stock [Member]
Note 8 - Preferred Stock and Warrants (Details) [Line Items]
Preferred Stock, Shares Issued		23,167
Preferred Stock, Shares Outstanding		23,167

Note 9 - Subordinated Debentu56

Note 9 - Subordinated Debentures (Trust Preferred Securities) (Details)	9 Months Ended
	Sep. 30, 2015
Subordinated Borrowings [Abstract]
Number of Deferred Consecutive Quarterly Periods Without Default Or Penalty Maximum	20

Note 9 - Subordinated Debentu57

Note 9 - Subordinated Debentures (Trust Preferred Securities) (Details) - Subordinated Debentures (Trust Preferred Securities) - Trust Preferred Securities Subject to Mandatory Redemption [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Colony Bankcorp Statutory Trust III [Member]
Subordinated Borrowing [Line Items]
Issuance date	Jun. 17, 2004
Debt amount	$ 4,640
Total interest rate	3.01425%
Maturity date	Jun. 14, 2034
5 year call option	Jun. 17, 2009
Colony Bankcorp Capital Trust I [Member]
Subordinated Borrowing [Line Items]
Issuance date	Apr. 13, 2006
Debt amount	$ 5,155
Total interest rate	1.8266%
Maturity date	Apr. 13, 2036
5 year call option	Apr. 13, 2011
Colony Bankcorp Capital Trust II [Member]
Subordinated Borrowing [Line Items]
Issuance date	Mar. 12, 2007
Debt amount	$ 9,279
Total interest rate	1.9766%
Maturity date	Mar. 12, 2037
5 year call option	Mar. 12, 2012
Colony Bankcorp Capital Trust III [Member]
Subordinated Borrowing [Line Items]
Issuance date	Sep. 14, 2007
Debt amount	$ 5,155
Total interest rate	1.6968%
Maturity date	Sep. 14, 2037
5 year call option	Sep. 14, 2012
London Interbank Offered Rate (LIBOR) [Member] | Colony Bankcorp Statutory Trust III [Member]
Subordinated Borrowing [Line Items]
3 month LIBOR rate	0.33425%
Added points	2.68%
London Interbank Offered Rate (LIBOR) [Member] | Colony Bankcorp Capital Trust I [Member]
Subordinated Borrowing [Line Items]
3 month LIBOR rate	0.3266%
Added points	1.50%
London Interbank Offered Rate (LIBOR) [Member] | Colony Bankcorp Capital Trust II [Member]
Subordinated Borrowing [Line Items]
3 month LIBOR rate	0.3266%
Added points	1.65%
London Interbank Offered Rate (LIBOR) [Member] | Colony Bankcorp Capital Trust III [Member]
Subordinated Borrowing [Line Items]
3 month LIBOR rate	0.2968%
Added points	1.40%

Note 10 - Commitments and Con58

Note 10 - Commitments and Contingencies (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015	Jul. 31, 2015
Note 10 - Commitments and Contingencies (Details) [Line Items]
Expiration Period of Letter of Credit Issued	1 year
Construction [Member]
Note 10 - Commitments and Contingencies (Details) [Line Items]
Other Commitment		$ 1.2

Note 10 - Commitments and Con59

Note 10 - Commitments and Contingencies (Details) - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Note 10 - Commitments and Contingencies (Details) - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk [Line Items]
Letters of Credit	$ 1,584	$ 1,762
Loan Origination Commitments [Member]
Note 10 - Commitments and Contingencies (Details) - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk [Line Items]
Loan Commitments	$ 69,325	$ 68,742

Note 11 - Fair Value of Finan60

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Details)	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Discounted Rate to Account for Selling and Marketing Costs	10.00%

Note 11 - Fair Value of Finan61

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Details) - Financial Instruments - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Investment Securities Available for Sale	$ 271,611	$ 274,594
Investment Securities Held to Maturity	28	30
Investment Securities Held to Maturity	28	30
Federal Home Loan Bank Stock	2,731	2,831
Liabilities
Deposits	958,034	979,303
Subordinated Debentures	24,229	24,229
Other Borrowed Money	40,000	40,000
Fair Value, Measurements, Recurring [Member]
Assets
Cash and Short-Term Investments	33,133	65,811
Investment Securities Available for Sale	271,611	274,594
Investment Securities Held to Maturity	28	30
Federal Home Loan Bank Stock	2,731	2,831
Loans, Net	755,447	736,930
Bank-Owned Life Insurance	14,663	14,531
Liabilities
Deposits	958,034	979,303
Subordinated Debentures	24,229	24,229
Other Borrowed Money	40,000	40,000
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Cash and Short-Term Investments	33,133	65,811
Investment Securities Available for Sale	271,611	274,594
Investment Securities Held to Maturity	28	30
Federal Home Loan Bank Stock	2,731	2,831
Loans, Net	756,558	738,948
Bank-Owned Life Insurance	14,663	14,531
Liabilities
Deposits	959,594	980,874
Subordinated Debentures	24,229	24,229
Other Borrowed Money	41,640	41,962
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Cash and Short-Term Investments	33,133	65,811
Investment Securities Available for Sale	0	0
Investment Securities Held to Maturity	0	0
Federal Home Loan Bank Stock	2,731	2,831
Loans, Net	0	0
Bank-Owned Life Insurance	14,663	14,531
Liabilities
Deposits	547,323	551,057
Subordinated Debentures	0	0
Other Borrowed Money	0	0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Cash and Short-Term Investments	0	0
Investment Securities Available for Sale	270,668	273,646
Investment Securities Held to Maturity	28	30
Federal Home Loan Bank Stock	0	0
Loans, Net	749,348	731,170
Bank-Owned Life Insurance	0	0
Liabilities
Deposits	412,271	429,817
Subordinated Debentures	24,229	24,229
Other Borrowed Money	41,640	41,962
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Cash and Short-Term Investments	0	0
Investment Securities Available for Sale	943	948
Investment Securities Held to Maturity	0	0
Federal Home Loan Bank Stock	0	0
Loans, Net	7,210	7,778
Bank-Owned Life Insurance	0	0
Liabilities
Deposits	0	0
Subordinated Debentures	0	0
Other Borrowed Money	$ 0	$ 0

Note 11 - Fair Value of Finan62

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Details) - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Impaired Loans [Member]
Nonrecurring
Assets, fair value, nonrecurring	$ 7,210	$ 7,778
Other Real Estate [Member]
Nonrecurring
Assets, fair value, nonrecurring	4,974	6,128
Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	271,611	274,594
US Government Agencies Debt Securities [Member] | Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	267,380	271,064
US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	4,231	3,530
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]
Nonrecurring
Assets, fair value, nonrecurring	0	0
Fair Value, Inputs, Level 1 [Member] | Other Real Estate [Member]
Nonrecurring
Assets, fair value, nonrecurring	0	0
Fair Value, Inputs, Level 1 [Member] | Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	0	0
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	0	0
Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	0	0
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]
Nonrecurring
Assets, fair value, nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member] | Other Real Estate [Member]
Nonrecurring
Assets, fair value, nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member] | Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	270,668	273,646
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	267,380	271,064
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	3,288	2,582
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Nonrecurring
Assets, fair value, nonrecurring	7,210	7,778
Fair Value, Inputs, Level 3 [Member] | Other Real Estate [Member]
Nonrecurring
Assets, fair value, nonrecurring	4,974	6,128
Fair Value, Inputs, Level 3 [Member] | Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	943	948
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	0	0
Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member]
Recurring
Assets, fair value, recurring	$ 943	$ 948

Note 11 - Fair Value of Finan63

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Details) - Quantitative Information for Financial Instruments Measured at Fair Value - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Market Approach Valuation Technique [Member] | Residential [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value (in Dollars)	$ 774	$ 1,651
Market Approach Valuation Technique [Member] | Commercial [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value (in Dollars)	6,039	5,678
Market Approach Valuation Technique [Member] | Farmland [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value (in Dollars)	333	367
Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Constuction [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value (in Dollars)	64	82
Other Real Estate Owned [Member] | Market Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value (in Dollars)	$ 4,974	$ 6,128
Minimum [Member] | Market Approach Valuation Technique [Member] | Commercial Constuction [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	0.00%	0.00%
Minimum [Member] | Market Approach Valuation Technique [Member] | Residential [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	0.00%	0.00%
Adjustment for differences between the comparable sales	(15.00%)	(2.30%)
Minimum [Member] | Market Approach Valuation Technique [Member] | Commercial [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	0.00%	0.00%
Adjustment for differences between the comparable sales	(10.75%)	0.00%
Minimum [Member] | Market Approach Valuation Technique [Member] | Farmland [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	10.00%	10.00%
Adjustment for differences between the comparable sales	(8.30%)	(8.30%)
Minimum [Member] | Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Constuction [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Adjustment for differences between the comparable sales	(15.60%)	(22.00%)
Minimum [Member] | Other Real Estate Owned [Member] | Market Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	0.33%	0.33%
Adjustment for differences between the comparable sales	(78.93%)	(40.00%)
Weighted Average [Member] | Market Approach Valuation Technique [Member] | Commercial Constuction [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	5.00%	5.00%
Weighted Average [Member] | Market Approach Valuation Technique [Member] | Residential [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	12.50%	5.00%
Adjustment for differences between the comparable sales	88.35%	94.70%
Weighted Average [Member] | Market Approach Valuation Technique [Member] | Commercial [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	15.00%	45.00%
Adjustment for differences between the comparable sales	4.37%	0.00%
Weighted Average [Member] | Market Approach Valuation Technique [Member] | Farmland [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	42.50%	30.00%
Adjustment for differences between the comparable sales	122.10%	122.10%
Weighted Average [Member] | Income Approach Valuation Technique [Member] | Residential [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Capitalization rate	12.50%	13.75%
Weighted Average [Member] | Income Approach Valuation Technique [Member] | Commercial [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Capitalization rate	11.00%	11.00%
Weighted Average [Member] | Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Constuction [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Adjustment for differences between the comparable sales	2.25%	8.05%
Weighted Average [Member] | Other Real Estate Owned [Member] | Market Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	26.27%	31.88%
Adjustment for differences between the comparable sales	(18.02%)	2.50%
Weighted Average [Member] | Other Real Estate Owned [Member] | Income Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate	13.75%	9.00%
Capitalization rate	11.88%	10.00%
Maximum [Member] | Market Approach Valuation Technique [Member] | Commercial Constuction [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	10.00%	10.00%
Maximum [Member] | Market Approach Valuation Technique [Member] | Residential [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	25.00%	10.00%
Adjustment for differences between the comparable sales	191.70%	191.70%
Maximum [Member] | Market Approach Valuation Technique [Member] | Commercial [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	30.00%	90.00%
Adjustment for differences between the comparable sales	19.48%	0.00%
Maximum [Member] | Market Approach Valuation Technique [Member] | Farmland [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	75.00%	50.00%
Adjustment for differences between the comparable sales	252.50%	252.50%
Maximum [Member] | Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Constuction [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Adjustment for differences between the comparable sales	20.10%	38.10%
Maximum [Member] | Other Real Estate Owned [Member] | Market Approach Valuation Technique [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Management adjustment for age of appraisals and/or current market conditions	69.36%	69.36%
Adjustment for differences between the comparable sales	42.90%	45.00%

Note 11 - Fair Value of Finan64

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Details) - Fair Value Measurement Using Significant Unobservable Inputs - Available-for-sale Securities [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance, Beginning	$ 948	$ 941
Balance, Ending	943	948
Transfers out of Level 3	0	0
Loss on OTTI Impairment Included in Noninterest Income	0	0
Unrealized Gains included in Other Comprehensive Income (Loss)	$ (5)	$ 7

Note 11 - Fair Value of Finan65

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Details) - Quantitative Information About Recurring Level 3 Fair Value Measurement - US States and Political Subdivisions Debt Securities [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
State, County and Municipal	$ 943
State, County and Municipal		[1]
[1]	The Company relies on a third-party pricing service to value its municipal securities. The details of the unobservable inputs and other adjustments used by the third-party pricing service were not readily available to the Company.

Note 12 - Regulatory Capital 66

Note 12 - Regulatory Capital Matters (Details)	Sep. 30, 2015
Disclosure Text Block [Abstract]
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets Rule 1	0.625%
Increase in Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	0.625%
Tier 1 Capital Conservation Buffer of Risk Weighted Assets	2.50%

Note 12 - Regulatory Capital 67

Note 12 - Regulatory Capital Matters (Details) - Regulatory Capital Information - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Total Capital to Risk-Weighted Assets
Capital	$ 135,304	$ 136,022
Capital to Risk-Weighted Assets	17.01%	17.95%
Capital Required for Capital Adequacy	$ 63,628	$ 60,639
Capital Required for Capital Adequacy to Risk-Weighted Assets	8.00%	8.00%
Capital Required to be Well Capitalized
Capital Requited to be Well Capitalized to Risk-Weighted Assets
Tier I Capital to Risk-Weighted Assets
Tier I Risk Based Capital	$ 126,904	$ 127,220
Tier I Risk Based Capital to Risk-Weighted Assets	15.96%	16.78%
Tier I Risk Based Capital Required for Capital Adequacy	$ 47,721	$ 30,320
Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets	6.00%	4.00%
Tier I Risk Based Capital Required to be Well Capitalized
Tier I Risk Based Capital Required to be Well Capitalized to Risk-Weighted Assets
Common Equity Tier I Capital to Risk-Weighted Assets
Common Equity Tier I Risk Based Capital	$ 80,237
Common Equity Tier I Risk Based Capital to Risk-Weighted Assets	10.09%
Common Equity Tier I Risk Based Capital Required for Capital Adequacy	$ 35,791
Common Equity Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets	4.50%
Common Equity Tier I Risk Based Capital Required to Be Well Capitalized
Common Equity Tier I Risk Based Capital Required to Be Well Capitalized to Risk-Weighted Assets
Tier I Capital to Average Assets
Tier I Leverage Capital	$ 126,904	$ 127,220
Tier I Leverage Capital to Average Assets	11.14%	11.18%
Tier I Leverage Capital Required for Capital Adequacy	$ 45,571	$ 45,509
Tier I Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
Tier I Leverage Capital Required to Be Well Capitalized
Tier I Leverage Capital Required to Be Well Capitalized to Average Assets
Colony Bank [Member]
Total Capital to Risk-Weighted Assets
Capital	$ 130,450	$ 127,833
Capital to Risk-Weighted Assets	16.43%	16.89%
Capital Required for Capital Adequacy	$ 63,536	$ 60,542
Capital Required for Capital Adequacy to Risk-Weighted Assets	8.00%	8.00%
Capital Required to be Well Capitalized	$ 79,421	$ 75,678
Capital Requited to be Well Capitalized to Risk-Weighted Assets	10.00%	10.00%
Tier I Capital to Risk-Weighted Assets
Tier I Risk Based Capital	$ 122,048	$ 119,031
Tier I Risk Based Capital to Risk-Weighted Assets	15.37%	15.73%
Tier I Risk Based Capital Required for Capital Adequacy	$ 47,652	$ 30,271
Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets	6.00%	4.00%
Tier I Risk Based Capital Required to be Well Capitalized	$ 63,536	$ 45,407
Tier I Risk Based Capital Required to be Well Capitalized to Risk-Weighted Assets	8.00%	6.00%
Common Equity Tier I Capital to Risk-Weighted Assets
Common Equity Tier I Risk Based Capital	$ 122,048
Common Equity Tier I Risk Based Capital to Risk-Weighted Assets	15.37%
Common Equity Tier I Risk Based Capital Required for Capital Adequacy	$ 35,739
Common Equity Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets	4.50%
Common Equity Tier I Risk Based Capital Required to Be Well Capitalized	$ 51,623
Common Equity Tier I Risk Based Capital Required to Be Well Capitalized to Risk-Weighted Assets	6.50%
Tier I Capital to Average Assets
Tier I Leverage Capital	$ 122,048	$ 119,031
Tier I Leverage Capital to Average Assets	10.73%	10.50%
Tier I Leverage Capital Required for Capital Adequacy	$ 45,496	$ 45,364
Tier I Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
Tier I Leverage Capital Required to Be Well Capitalized	$ 56,870	$ 56,705
Tier I Leverage Capital Required to Be Well Capitalized to Average Assets	5.00%	5.00%

Note 13 - Earnings Per Share (D

Note 13 - Earnings Per Share (Details) - Summary of Earnings Per Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator
Net Income Available to Common Stockholders (in Dollars)	$ 1,606	$ 1,384	$ 4,414	$ 3,533
Weighted Average Number of Common Shares
Outstanding for Basic Earnings Per Common Share	8,439,258	8,439,258	8,439,258	8,439,258
Weighted-Average Number of Shares Outstanding for
Diluted Earnings Per Common Share	8,466,285	8,439,258	8,449,057	8,439,258
Earnings Per Share - Basic (in Dollars per share)	$ 0.19	$ 0.16	$ 0.52	$ 0.42
Earnings Per Share - Diluted (in Dollars per share)	$ 0.19	$ 0.16	$ 0.52	$ 0.42
Restricted Stock [Member]
Dilutive Effect of Potential Common Stock
Dilutive effect of potential common stock	0	0	0	0
Warrant [Member]
Dilutive Effect of Potential Common Stock
Dilutive effect of potential common stock	27,000	0	10,000	0