Colony Bankcorp (CBAN) 10-Q 5 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 05, 2016
Entity Registrant Name	Colony Bankcorp Inc
Entity Central Index Key	711,669
Trading Symbol	cban
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		8,439,258
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Cash and Cash Equivalents
Cash and Due from Banks	$ 16,070,000	$ 22,257,000
Interest-Bearing Deposits	32,842,000	38,615,000
Investment Securities
Available for Sale, at Fair Value	308,840,000	296,149,000
Federal Home Loan Bank Stock, at Cost	2,755,000	2,731,000
Loans	754,261,000	758,636,000
Allowance for Loan Losses	(9,549,000)	(8,604,000)
Unearned Interest and Fees	(356,000)	(357,000)
	744,356,000	749,675,000
Premises and Equipment	27,019,000	26,454,000
Other Real Estate (Net of Allowance of $1,462 and $1,582 as of March 31, 2016 and December 31, 2015, Respectively)	9,618,000	8,839,000
Other Intangible Assets	107,000	116,000
Other Assets	26,782,000	29,313,000
Total Assets	1,168,389,000	1,174,149,000
Deposits
Noninterest-Bearing	135,351,000	133,886,000
Interest-Bearing	864,692,000	877,668,000
	1,000,043,000	1,011,554,000
Borrowed Money
Subordinated Debentures	24,229,000	24,229,000
Other Borrowed Money	40,000,000	40,000,000
	64,229,000	64,229,000
Other Liabilities	3,574,000	2,909,000
Stockholders' Equity
Preferred Stock, Stated Value $1,000 a Share; Authorized 10,000,000 Shares, Issued 18,021 Shares and 18,021 as of March 31, 2016 and December 31, 2015, Respectively	18,021,000	18,021,000
Common Stock, Par Value $1 a Share; Authorized 20,000,000 Shares, Issued 8,439,258 Shares as of March 31, 2016 and December 31, 2015	8,439,000	8,439,000
Paid-In Capital	29,145,000	29,145,000
Retained Earnings	45,941,000	44,286,000
Accumulated Other Comprehensive (Loss), Net of Tax Benefits	(1,003,000)	(4,434,000)
	100,543,000	95,457,000
Total Liabilities and Stockholders' Equity	$ 1,168,389,000	$ 1,174,149,000

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Other Real Estate, Allowance	$ 1,462	$ 1,582
Preferred Stock, Stated Value (in dollars per share)	$ 1,000	$ 1,000
Preferred Stock, Shares Authorized (in shares)	10,000,000	10,000,000
Preferred Stock, Shares Issued (in shares)	18,021	18,021
Common Stock, Par Value (in dollars per share)	$ 1	$ 1
Common Stock, Shares Authorized (in shares)	20,000,000	20,000,000
Common Stock, Shares Issued (in shares)	8,439,258	8,439,258

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest Income
Loans, Including Fees	$ 9,632	$ 9,709
Federal Funds Sold		15
Deposits with Other Banks	38	17
U.S. Government Agencies	1,353	1,070
State, County and Municipal	34	25
Dividends on Other Investments	32	30
	11,089	10,866
Interest Expense
Deposits	1,204	1,219
Borrowed Money	429	445
	1,633	1,664
Net Interest Income	9,456	9,202
Provision for Loan Losses	354	362
Net Interest Income After Provision for Loan Losses	9,102	8,840
Noninterest Income
Service Charges on Deposits	1,002	987
Other Service Charges, Commissions and Fees	704	662
Mortgage Fee Income	100	113
Securities Gains (Losses)	2	3
Other	364	447
	2,172	2,212
Noninterest Expenses
Salaries and Employee Benefits	4,474	4,468
Occupancy and Equipment	964	993
Other	2,797	2,825
	8,235	8,286
Income Before Income Taxes	3,039	2,766
Income Taxes	978	883
Net Income	2,061	1,883
Preferred Stock Dividends	405	630
Net Income Available to Common Stockholders	$ 1,656	$ 1,253
Net Income Per Share of Common Stock
Basic (in dollars per share)	$ 0.20	$ 0.15
Diluted (in dollars per share)	$ 0.20	$ 0.15
Cash Dividends Declared Per Share of Common Stock (in dollars per share)
Weighted Average Basic Shares Outstanding (in shares)	8,439,258	8,439,258
Weighted Average Diluted Shares Outstanding (in shares)	8,483,727	8,439,258

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net Income	$ 2,061	$ 1,883
Other Comprehensive Income:
Gains (Losses) on Securities Arising During the Year	5,197	3,154
Tax Effect	(1,767)	(1,074)
Realized Gains (Losses) on Sale of AFS Securities	2	3
Tax Effect	(1)	(1)
Change in Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects	3,431	2,082
Comprehensive Income	$ 5,492	$ 3,965

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 2,061	$ 1,883
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depreciation	379	410
Provision for Loan Losses	354	362
Securities (Gains) Losses	(2)	(3)
Amortization and Accretion	359	390
(Gain) Losses on Sale of Other Real Estate and Repossessions	(42)	$ 10
Provision for Losses on Other Real Estate	78
Increase in Cash Surrender Value of Life Insurance	(155)	$ (117)
(Gain) Loss on Sale of Premises & Equipment	73
Other Prepaids, Deferrals and Accruals, Net	1,558	$ (220)
	4,663	2,715
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of Investment Securities Available for Sale	(30,834)	(38,257)
Proceeds from Maturities, Calls, and Paydowns of Investment Securities: Available for Sale	11,206	11,326
Proceeds from Sale of Available-for-sale Securities	11,800	25,173
Interest-Bearing Deposits in Other Banks	5,773	(21,106)
Net Loans to Customers	2,749	(12,518)
Purchase of Premises and Equipment	(1,031)	(195)
Proceeds from Sale of Other Real Estate and Repossessions	1,413	2,641
Federal Home Loan Bank Stock	(24)	$ 100
Proceeds from Sale of Premises and Equipment	14
	1,066	$ (32,836)
CASH FLOWS FROM FINANCING ACTIVITIES
Noninterest-Bearing Customer Deposits	1,465	244
Interest-Bearing Customer Deposits	(12,976)	6,309
Dividends Paid for Preferred Stock	$ (405)	$ (630)
Redemption of Preferred Stock
Payments on Federal Home Loan Bank Advances	$ (3,000)
Proceeds from Federal Home Loan Bank Advances	3,000
	(11,916)	$ 5,923
Net Decrease in Cash and Cash Equivalents	(6,187)	(24,198)
Cash and Cash Equivalents at Beginning of Period	22,257	44,605
Cash and Cash Equivalents at End of Period	$ 16,070	$ 20,407

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	(1 ) Summary of Significant Accounting Policies Presentation Colony Bankcorp, Inc. (the Company) is a bank holding company located in Fitzgerald, Georgia. The consolidated financial statements include the accounts of 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, 2015 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 three months ended March 31, 2016, 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, Columbus, Cordele, Douglas, Eastman, Fitzgerald, Leesburg, Moultrie, 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 2016. 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 March 31, 2016, approximately 87 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 are lower than the carrying value of that loan. The historical component covers nonclassified loans and is based on historical loss experience adjusted for qualitative factors. A general component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The general component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and historical losses in the portfolio. General valuation allowances are based on internal and external qualitative risk factors such as (1) changes in lending policies and procedures, including changes in underwriting standards and collections, charge offs, and recovery practices, (2) changes in international, national, regional, and local conditions, (3) changes in the nature and volume of the portfolio and terms of loans, (4) changes in the experience, depth, and ability of lending management, (5) changes in the volume and severity of past due loans and other similar conditions, (6) changes in the quality of the organization's loan review system, (7) changes in the value of underlying collateral for collateral dependent loans, (8) the existence and effect of any concentrations of credit and changes in the levels of such concentrations, and (9) the effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses. 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 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 $14,985 and $14,830 as of March 31, 2016 and December 31, 2015, 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 ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2016-1, “No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-02, "Lease s ." ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting."

Note 2 - Investment Securities

Note 2 - Investment Securities	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	(2) Investment Securities Investment securities as of March 31, 2016 and December 31, 2015 are summarized as follows: March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 305,385 $ 1,058 $ (2,633 ) $ 303,810 State, County & Municipal 4,975 74 (19 ) 5,030 $ 310,360 $ 1,132 $ (2,652 ) $ 308,840 December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 297,779 $ 63 $ (6,792 ) $ 291,050 State, County & Municipal 5,089 30 (20 ) 5,099 $ 302,868 $ 93 $ (6,812 ) $ 296,149 The amortized cost and fair value of investment securities as of March 31, 2016, by contractual maturity, are shown hereafter. Expected maturities may differ from contractual maturities for certain investments because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. This is often the case with mortgage-backed securities, which are disclosed separately in the table below. Securities Available for Sale Amortized Cost Fair Value Due In One Year or Less $ 330 $ 331 Due After One Year Through Five Years 1,480 1,473 Due After Five Years Through Ten Years 1,671 1,717 Due After Ten Years 1,494 1,509 $ 4,975 $ 5,030 Mortgage-Backed Securities 305,385 303,810 $ 310,360 $ 308,840 Proceeds from the sale of investments available for sale during the first three months of 2016 totaled $11,800 compared to $25,173 for the first three months of 2015. The sale of investments available for sale during the first three months of 2016 resulted in gross realized gains of $9 and losses of $7. Investment securities having a carry value approximating $132,675 and $133,754 as of March 31, 2016 and December 31, 2015, respectively, were pledged to secure public deposits and for other purposes. Information pertaining to securities with gross unrealized losses at March 31, 2016 and December 31, 2015 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 March 31, 2016 U.S. Government Agencies Mortgage-Backed $ 37,615 $ (202 ) $ 126,577 $ (2,431 ) $ 164,192 $ (2,633 ) State, County and Municipal 701 (12 ) 249 (7 ) 950 (19 ) $ 38,316 $ (214 ) $ 126,826 $ (2,438 ) $ 165,142 $ (2,652 ) December 31, 2015 U.S. Government Agencies Mortgage-Backed $ 139,765 $ (1,270 ) $ 139,720 $ (5,522 ) $ 279,485 $ (6,792 ) State, County and Municipal 1,035 (20 ) - - 1,035 (20 ) $ 140,800 $ (1,290 ) $ 139,720 $ (5,522 ) $ 280,520 $ (6,812 ) 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 March 31, 2016, the debt securities with unrealized losses have depreciated 1.58 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	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
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 March 31, 2016 and December 31, 2015. March 31, 2016 December 31, 2015 Commercial and Agricultural Commercial $ 45,115 $ 47,782 Agricultural 18,562 19,193 Real Estate Commercial Constuction 35,970 40,107 Residential Construction 9,849 9,413 Commercial 347,372 346,262 Residential 195,679 197,002 Farmland 66,285 61,780 Consumer and Other Consumer 19,661 20,605 Other 15,768 16,492 Total Loans $ 754,261 $ 758,636 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 March 31, 2016 and December 31, 2015. Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes. For the period ending March 31, 2016, the Company did not have any loans classified as “doubtful” or a “loss”. March 31, 2016 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 41,878 $ 1,749 $ 1,488 $ 45,115 Agricultural 18,240 75 247 18,562 Real Estate Commercial Construction 33,618 1,001 1,351 35,970 Residential Construction 9,849 - - 9,849 Commercial 322,522 6,565 18,285 347,372 Residential 176,393 8,418 10,868 195,679 Farmland 61,104 1,029 4,152 66,285 Consumer and Other Consumer 19,129 119 413 19,661 Other 15,746 - 22 15,768 Total Loans $ 698,479 $ 18,956 $ 36,826 $ 754,261 December 31, 2015 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 44,274 $ 1,927 $ 1,581 $ 47,782 Agricultural 18,970 18 205 19,193 Real Estate Commercial Construction 36,516 913 2,678 40,107 Residential Construction 9,413 - - 9,413 Commercial 320,566 13,653 12,043 346,262 Residential 177,054 8,546 11,402 197,002 Farmland 56,798 930 4,052 61,780 Consumer and Other Consumer 20,038 156 411 20,605 Other 16,467 - 25 16,492 Total Loans $ 700,096 $ 26,143 $ 32,397 $ 758,636 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 March 31, 2016 and December 31, 2015: March 31, 2016 Accruing Loans Total 90 Days Accruing 30-89 Days or More Loans Past Nonaccrual Current Past Due Past Due Due Loans Loans Total Loans Commercial and Agricultural Commercial $ 286 $ - $ 286 $ 529 $ 44,300 $ 45,115 Agricultural 777 - 777 193 17,592 18,562 Real Estate Commercial Construction 177 - 177 228 35,565 35,970 Residential Construction - - - - 9,849 9,849 Commercial 5,385 - 5,385 6,755 335,232 347,372 Residential 2,199 - 2,199 2,874 190,606 195,679 Farmland 191 - 191 1,327 64,767 66,285 Consumer and Other Consumer 223 8 231 195 19,235 19,661 Other - - - - 15,768 15,768 Total Loans $ 9,238 $ 8 $ 9,246 $ 12,101 $ 732,914 $ 754,261 December 31, 2015 Accruing Loans Total 90 Days Accruing 30-89 Days or More Loans Past Nonaccrual Current Past Due Past Due Due Loans Loans Total Loans Commercial and Agricultural Commercial $ 491 $ - $ 491 $ 577 $ 46,714 $ 47,782 Agricultural 71 - 71 178 18,944 19,193 Real Estate Commercial Construction 90 - 90 1,643 38,374 40,107 Residential Construction - - - - 9,413 9,413 Commercial 6,031 - 6,031 7,565 332,666 346,262 Residential 3,683 - 3,683 3,164 190,155 197,002 Farmland 123 - 123 1,103 60,554 61,780 Consumer and Other Consumer 470 8 478 178 19,949 20,605 Other - - - - 16,492 16,492 Total Loans $ 10,959 $ 8 $ 10,967 $ 14,408 $ 733,261 $ 758,636 The following table details impaired loan data as of March 31, 2016: March 31, 2016 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 502 $ 500 $ - $ 477 $ 2 $ 3 Agricultural 213 193 - 185 7 10 Commercial Construction 466 466 - 1,182 4 3 Residential Construction - - - - - - Commercial Real Estate 10,439 9,992 - 12,557 89 93 Residential Real Estate 5,209 4,288 - 4,432 52 48 Farmland 1,328 1,327 - 1,215 (4 ) - Consumer 207 195 - 187 1 4 Other - - - - - - 18,364 16,961 - 20,235 151 161 With An Allowance Recorded Commercial 29 28 4 76 - - Agricultural - - - - - - Commercial Construction 75 75 24 76 - - Residential Construction - - - - - - Commercial Real Estate 7,279 7,265 1,940 8,110 50 52 Residential Real Estate 971 964 528 1,019 1 1 Farmland 386 386 35 387 5 5 Consumer - - - - - - Other - - - - - - 8,740 8,718 2,531 9,668 56 58 Total Commercial 531 528 4 553 2 3 Agricultural 213 193 - 185 7 10 Commercial Construction 541 541 24 1,258 4 3 Residential Construction - - - - - - Commercial Real Estate 17,718 17,257 1,940 20,667 139 145 Residential Real Estate 6,180 5,252 528 5,451 53 49 Farmland 1,714 1,713 35 1,602 1 5 Consumer 207 195 - 187 1 4 Other - - - - - - $ 27,104 $ 25,679 $ 2,531 $ 29,903 $ 207 $ 219 The following table details impaired loan data as of December 31, 2015: December 31, 2015 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 454 $ 454 $ - $ 535 $ 17 $ 21 Agricultural 196 178 - 163 (10 ) 10 Commercial Construction 6,888 1,897 - 2,867 26 27 Commercial Real Estate 15,569 15,122 - 15,430 529 531 Residential Real Estate 5,429 4,576 - 4,715 176 159 Farmland 1,105 1,103 - 1,340 1 2 Consumer 180 178 - 191 14 15 Other - - - 48 - - 29,821 23,508 - 25,289 753 765 With An Allowance Recorded Commercial 123 123 95 100 2 3 Agricultural - - - - - - Commercial Construction 77 77 25 92 - - Commercial Real Estate 8,969 8,956 1,608 6,673 214 209 Residential Real Estate 1,083 1,075 308 1,089 16 16 Farmland 388 388 37 391 21 21 Consumer - - - - - - Other - - - - - - 10,640 10,619 2,073 8,345 253 249 Total Commercial 577 577 95 635 19 24 Agricultural 196 178 - 163 (10 ) 10 Commercial Construction 6,965 1,974 25 2,959 26 27 Commercial Real Estate 24,538 24,078 1,608 22,103 743 740 Residential Real Estate 6,512 5,651 308 5,804 192 175 Farmland 1,493 1,491 37 1,731 22 23 Consumer 180 178 - 191 14 15 Other - - - 48 - - $ 40,461 $ 34,127 $ 2,073 $ 33,634 $ 1,006 $ 1,014 The following table details impaired loan data as of March 31, 2015: March 31, 2015 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 492 $ 464 $ - $ 386 $ (7 ) $ 5 Agricultural 174 156 - 101 (10 ) 10 Commercial Construction 9,537 3,428 - 3,446 6 7 Residential Construction - - - - - - Commercial Real Estate 17,531 17,037 - 16,632 157 163 Residential Real Estate 6,141 5,195 - 6,397 42 47 Farmland 1,419 1,417 - 1,433 3 3 Consumer 200 192 - 197 1 4 Other 205 194 - 195 2 2 35,699 28,083 - 28,787 194 241 With An Allowance Recorded Commercial 94 94 94 95 - - Agricultural - - - - - - Commercial Construction 206 134 49 136 - - Residential Construction - - - - - - Commercial Real Estate 5,463 5,463 209 5,799 45 45 Residential Real Estate 1,209 1,103 330 1,584 13 6 Farmland 394 394 53 395 5 5 Consumer - - - - - - Other - - - - - - 7,366 7,188 735 8,009 63 56 Total Commercial 586 558 94 481 (7 ) 5 Agricultural 174 156 - 101 (10 ) 10 Commercial Construction 9,743 3,562 49 3,582 6 7 Residential Construction - - - - - - Commercial Real Estate 22,994 22,500 209 22,431 202 208 Residential Real Estate 7,350 6,298 330 7,981 55 53 Farmland 1,813 1,811 53 1,828 8 8 Consumer 200 192 - 197 1 4 Other 205 194 - 195 2 2 $ 43,065 $ 35,271 $ 735 $ 36,796 $ 257 $ 297 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 March 31, 2016. The following tables present the number of loan contracts restructured during the three month period ended March 31, 2016. 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 March 31, 2016 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification Residential Real Estate 1 $ 91 $ 91 Total Loans 1 $ 91 $ 91 Three Months Ended March 31, 2015 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification Residential Real Estate 1 $ 881 $ 897 Total Loans 1 $ 881 $ 897 The company did not have any TDRs that subsequently defaulted for the three months ended March 31, 2016.

Note 4 - Allowance for Loan Los

Note 4 - Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
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 three month period ended March 31, 2016 and March 31, 2015. 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. March 31, 2016 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 855 $ (169 ) $ 12 $ (144 ) $ 554 Agricultural 203 (22 ) 1 10 192 Real Estate Commercial Construction 691 - 804 (685 ) 810 Residential Construction 20 - - - 20 Commercial 3,851 (248 ) 168 1,475 5,246 Residential 1,990 (63 ) 14 (136 ) 1,805 Farmland 912 - 125 (234 ) 803 Consumer and Other Consumer 63 (49 ) 15 72 101 Other 19 - 3 (4 ) 18 $ 8,604 $ (551 ) $ 1,142 $ 354 $ 9,549 March 31, 2015 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 497 $ (184 ) $ 13 $ 8 $ 334 Agricultural 304 - 1 2 307 Real Estate Commercial Construction 1,223 (6 ) 14 138 1,369 Residential Construction 138 - - - 138 Commercial 3,665 (125 ) 88 144 3,772 Residential 2,425 (589 ) 22 42 1,900 Farmland 104 - - 2 106 Consumer and Other Consumer 67 (36 ) 13 26 70 Other 379 - 2 - 381 $ 8,802 $ (940 ) $ 153 $ 362 $ 8,377 The loss history period used at March 31, 2016 was based on the loss rate from the twelve quarters ended December 31, 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. A change in the method of calculation since March 31, 2015 and since year end 2015 was made. The historical losses period was increased from 8 quarters to 12 quarters. Management believes the 12 quarter period includes loss history that will be more indicative of incurred losses than 8 quarters. In more recent quarters, recoveries have exceeded ongoing expectations, and losses have moderated significantly as problem loans made several years ago have been worked out. The result is that net charge-offs have become lower than ongoing expectations. This change in the historical losses period from 8 quarters to 12 quarters increased the ALLL calculation for call code segments by $718. The Company’s allowance for loan losses consists of specific valuation allowances established for probable losses on specific loans and historical valuation allowances for other loans with similar risk characteristics. Effective with the quarter ended June 30, 2015, the calculation of the amount needed in the Allowance for Loan Losses changed. Management determined that the segmentation method for the ASC 450-20 portion of the loan portfolio should be changed to bank call report categories. Prior to this change, the ASC 450-20 segmentation categorized loans by various non-owner occupied commercial real estate loan types and risk grades for the remainder of the ASC 450-20 portion of the portfolio. On the date of change, June 30, 2015, the change in methodology resulted in an increase to the calculated allowance for loan loss reserve of $1,621; however, no additional provisions were required to be recorded as a result of the change. 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 $17.84 million and $7.2 million as of March 31, 2016 and 2015, respectively. Specific allowance allocations were made for these loans totaling $1.17 million and $596 thousand as of March 31, 2016 and 2015, 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 March 31, 2016, there were 156 impaired loans totaling $3.6 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 March 31, 2015, impaired loans totaling $4.4 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 March 31, 2016 and 2015: March 31, 2016 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 $ 4 $ 550 $ 554 $ 37 $ 45,078 $ 45,115 Agricultural - 192 192 - 18,562 18,562 Real Estate Commercial Construction 24 786 810 389 35,581 35,970 Residential Construction - 20 20 - 9,849 9,849 Commercial 1,940 3,306 5,246 16,918 330,454 347,372 Residential 528 1,277 1,805 3,370 192,309 195,679 Farmland 35 768 803 1,401 64,884 66,285 Consumer and Other Consumer - 101 101 - 19,661 19,661 Other - 18 18 - 15,768 15,768 Total End of Period Balance $ 2,531 $ 7,018 $ 9,549 $ 22,115 $ 732,146 $ 754,261 March 31, 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 $ 94 $ 240 $ 334 $ 94 $ 51,680 $ 51,774 Agricultural - 307 307 8 19,180 19,188 Real Estate Commercial Construction 49 1,320 1,369 3,428 45,183 48,611 Residential Construction - 138 138 - 10,030 10,030 Commercial 209 3,563 3,772 21,953 319,892 341,845 Residential 330 1,570 1,900 3,680 199,198 202,878 Farmland 53 53 106 1,699 49,873 51,572 Consumer and Other Consumer - 70 70 - 21,705 21,705 Other - 381 381 - 6,031 6,031 Total End of Period Balance $ 735 $ 7,642 $ 8,377 $ 30,862 $ 722,772 $ 753,634

Note 5 - Other Real Estate Owne

Note 5 - Other Real Estate Owned	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Real Estate Owned [Text Block]	(5 ) Other Real Estate Owned The aggregate carrying amount of Other Real Estate Owned (OREO) at March 31, 2016 and December 31, 2015 was $9,618 and $8,839, 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 three months ended March 31, 2016 and the year ended December 31, 2015. Three Months Ended Twelve Months Ended March 31, 2016 December 31, 2015 Balance, Beginning $ 8,839 $ 10,402 Additions 2,183 7,536 Sales of OREO (1,366 ) (8,055 ) Gains (Losses) on Sale 40 (591 ) Provision for Losses (78 ) (453 ) Balance, Ending $ 9,618 $ 8,839 At March 31, 2016, the Company held $1.34 million of residential real estate property as foreclosed property. Also at March 31, 2016, $173 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	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	(6 ) Deposits The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled $415 and $272 as of March 31, 2016 and December 31, 2015. Components of interest-bearing deposits as of March 31, 2016 and December 31, 2015 are as follows: Three Months Ended Twelve Months Ended March 31, 2016 December 31, 2015 Interest-Bearing Demand $ 405,485 $ 412,960 Savings 68,759 64,976 Time, $100,000 and Over 199,515 202,801 Other Time 190,933 196,931 $ 864,692 $ 877,668 At March 31, 2016 and December 31, 2015, the Company had brokered deposits of $42,637 and $25,577, 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 $136,156 and $141,900 as of March 31, 2016 and December 31, 2015, respectively. The aggregate amount of certificates of deposit, each with a minimum deposit of $250,000 was $29,309 and $31,755 as of March 31, 2016 and December 31, 2015. As of March 31, 2016 and December 31, 2015, the scheduled maturities of certificates of deposits are as follows: Maturity March 31, 2016 December 31, 2015 One Year and Under $ 276,187 $ 287,423 One to Three Years 89,566 88,019 Three Years and Over 24,695 24,290 $ 390,448 $ 399,732

Note 7 - Other Borrowed Money

Note 7 - Other Borrowed Money	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	( 7 ) Other Borrowed Money Other borrowed money at March 31, 2016 and December 31, 2015 is summarized as follows: March 31, 2016 December 31, 2015 Federal Home Loan Bank Advances $ 40,000 $ 40,000 Advances from the Federal Home Loan Bank (FHLB) have maturities ranging from 2018 to 2023 and interest rates ranging from 1.47 percent to 3.51 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 March 31, 2016 the book value of those loans pledged is $105,738. At March 31, 2016 the Company had remaining credit availability from the FHLB of $135,822. 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 March 31, 2016 are as follows: Year Amount 2018 $ 2,500 2019 5,000 2020 2,500 After 2020 30,000 $ 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 March 31, 2016, 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.

Note 8 - Preferred Stock and Wa

Note 8 - Preferred Stock and Warrants	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Preferred Stock And Warrants [Text Block]	( 8 ) Preferred Stock and Warrants The Company had 18,021 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the Preferred Stock) issued and outstanding with private investors as of March 31, 2016. The Company redeemed 9,979 shares of Preferred Stock at $1,000 per share during 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.

Note 9 - Subordinated Debenture

Note 9 - Subordinated Debentures (Trust Preferred Securities)	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Subordinated Borrowings Disclosure [Text Block]	( 9 ) Subordinated Debentures (Trust Preferred Securities) 5 Year 3 Month Added Total Call Description Date Amount Libor Rate Points Rate Maturity Option Colony Bankcorp Statutory Trust III 6/17/2004 $4,640 0.64195 2.68 3.32195 6/14/2034 6/17/2009 Colony Bankcorp Capital Trust I 4/13/2006 5,155 0.63085 1.50 2.13085 4/13/2036 4/13/2011 Colony Bankcorp Capital Trust II 3/12/2007 9,279 0.62860 1.65 2.27860 3/12/2037 3/12/2012 Colony Bankcorp Capital Trust III 9/14/2007 5,155 0.61560 1.40 2.01560 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.

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	(1 0 ) Commitments and Contingencies Credit-Related Financial Instruments . The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments. At March 31, 2016 and December 31, 2015 the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount March 31, 2016 December 31, 2015 Loan Commitments $ 80,935 $ 67,889 Letters of Credit 1,454 1,588 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 Other Contractual Obligations.

Note 11 - Fair Value of Financi

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
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 and is classified as Level 1. 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 March 31, 2016 and December 31, 2015 are as follows: Fair Value Measurements at March 31, 2016 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 48,912 $ 48,912 $ 48,912 $ - $ - Investment Securities Available for Sale 308,840 308,840 - 307,911 929 Federal Home Loan Bank Stock 2,755 2,755 2,755 - - Loans, Net 744,356 745,279 - 739,092 6,187 Bank-Owned Life Insurance 14,985 14,985 14,985 - - Liabilities Deposits 1,000,043 1,001,576 609,595 391,981 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 40,000 41,640 - 41,640 - Fair Value Measurements at December 31, 2015 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 60,872 $ 60,872 $ 60,872 $ - $ - Investment Securities Available for Sale 296,149 296,149 - 295,219 930 Federal Home Loan Bank Stock 2,731 2,731 2,731 - - Loans, Net 749,675 750,412 - 741,867 8,545 Bank-Owned Life Insurance 14,830 14,830 14,830 - - Liabilities Deposits 1,011,554 1,013,111 611,822 401,289 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 40,000 40,421 - 40,421 - 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 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and represent the Company’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring and nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy: Assets Securities Impaired Loans Other Real Estate Assets and Liabilities Measured at Fair Value on a Recurring Basis – Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Significant Other Unobservable Total Fair Identical Assets Observable Inputs March 31, 2016 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale Mortgage-Backed $ 303,810 $ - $ 303,810 $ - State, County and Municipal 5,030 - 4,101 929 $ 308,840 $ - $ 307,911 $ 929 Nonrecurring Impaired Loans $ 6,187 $ - $ - $ 6,187 Other Real Estate $ 2,941 $ - $ - $ 2,941 Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs December 31, 2015 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale Mortgage-Backed $ 291,050 $ - $ 291,050 $ - State, County and Municipal 5,099 - 4,169 930 $ 296,149 $ - $ 295,219 $ 930 Nonrecurring Impaired Loans $ 8,545 $ - $ - $ 8,545 Other Real Estate $ 2,536 $ - $ - $ 2,536 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 March 31, 2016 and December 31, 2015. This table is comprised primarily of collateral dependent impaired loans and other real estate owned: March 31, Valuation Unobservable Range 2016 Techniques Inputs Weighted Avg Commercial $ 24 Sales Comparison Adjustment for Differences (31.77 )% - 34.00% Between the Comparable Sales 1.12% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Income Approach Capitalization Rate 11.00% Real Estate Commercial Construction 51 Sales Comparison Adjustment for Differences (5.00 )% - 99.00% Between the Comparable Sales 47.00 % Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 436 Sales Comparison Adjustment for Differences (22.00 )% - 0.00% Between the Comparable Sales (11.00)% Management Adjustments for 0.00% - 40.00% Age of Appraisals and/or Current 20.00% Market Conditions Commercial Real Estate 5,325 Sales Comparison Adjustment for Differences (31.77 )% - 34.00% Between the Comparable Sales 1.12% Management Adjustments for 0.00% - 90.00% Age of Appraisals and/or Current 45.00% Market Conditions Income Approach Capitalization Rate 10.33% Farmland 351 Sales Comparison Adjustment for Differences (27.00 )% - 15.00% Between the Comparable Sales (6.00)% Management Adjustments for 10.00% - 75.00% Age of Appraisals and/or Current 42.50% Market Conditions Other Real Estate Owned 2,941 Sales Comparison Adjustment for Differences (50.80 )% - 142.90% Between the Comparable Sales 46.05% Management Adjustments for 0.62% - 72.75% Age of Appraisals and/or Current 29.23% Market Conditions Income Approach Discount Rate 12.50% December 31, Valuation Unobservable Range 2015 Techniques Inputs Weighted Avg Commercial $ 28 Sales Comparison Adjustment for Differences (31.77)% - 34.00% Between the Comparable Sales 1.12% Management Adjustment for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Income Approach Capitalization Rate 11.00% Real Estate Commercial Construction 51 Sales Comparison Adjustment for Differences (5.00)% - 99.00% Between the Comparable Sales 47.00% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 767 Sales Comparison Adjustment for Differences (22.00)% - 10.80% Between the Comparable Sales 5.60% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Commercial Real Estate 7,348 Sales Comparison Adjustment for differences (31.77)% - 34.00% Between the comparable Sales 1.12% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Income Approach Capitalization Rate 10.25% Farmland 351 Sales Comparison Adjustment for Differences (27.00)% - 15.00% Between the Comparable Sales (6.00)% Management Adjustments for 10.00% - 75.00% Age of Appraisals and/or Current 42.50% Market Conditions Other Real Estate Owned 2,536 Sales Comparison Adjustment for Differences (50.80)% - 142.90% Between the Comparable Sales 46.05% Management Adjustment for 15.53% - 72.75% Age of Appraisals and/or Current 43.37% Market Conditions Income Approach Discount Rate 12.50% 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 three months ended March 31, 2016 and the twelve months ended December 31, 2015. Available for Sale Securities March 31, 2016 December 31, 2015 Balance, Beginning $ 930 $ 948 Transfers out of Level 3 - - Loss on OTTI Impairment Included in Noninterest Income - - Unrealized Gains included in Other Comprehensive Income (Loss) (1 ) (18 ) Balance, Ending $ 929 $ 930 The Company’s policy is to recognize transfers in and transfers out of levels 1, 2 and 3 as of the end of a reporting period. There were no transfers of securities between levels for the three months ended March 31, 2016 and the twelve months ended December 31, 2015. The following table presents quantitative information about recurring level 3 fair value measurements as of March 31, 2016. Valuation Unobservable Range Fair Value Techniques Inputs Weighted Avg State, County and Municipal $ 929 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	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
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 March 31, 2016, 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 March 31, 2016, the Company meets all capital adequacy requirements to which it is subject under the regulatory framework for prompt corrective action. In the opinion of management, there are no events or conditions since prior notification of capital adequacy from the regulators that have changed the institution’s category. The Basel III rules also require the implementation of a new capital conservation buffer comprised of common equity Tier 1 capital. The capital conservation buffer 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 March 31, 2016 and December 31, 2015 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for March 31, 2016 and December 31, 2015 were calculated in accordance with the Basel III rules. To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of March 31, 2016 Total Capital to Risk-Weighted Assets Consolidated $ 134,531 17.13 % $ 62,813 8.00 % N/A N/A Colony Bank 130,136 16.60 62,722 8.00 $ 78,403 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 124,982 15.92 47,109 6.00 N/A N/A Colony Bank 120,587 15.38 47,042 6.00 62,722 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 83,461 10.63 35,332 4.50 N/A N/A Colony Bank 120,587 15.38 35,281 4.50 50,962 6.50 Tier I Capital to Average Assets Consolidated 124,982 10.70 46,707 4.00 N/A N/A Colony Bank 120,587 10.34 46,633 4.00 58,291 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, 2015 Total Capital to Risk-Weighted Assets Consolidated $ 131,948 16.60 % $ 63,602 8.00 % N/A N/A Colony Bank 126,939 15.99 63,500 8.00 $ 79,375 10.00 % Tier 1 Capital to Risk-Weighted Assets Consolidated 123,344 15.51 47,702 6.00 N/A N/A Colony Bank 118,335 14.91 47,625 6.00 63,500 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 81,823 10.29 35,776 4.50 N/A N/A Colony Bank 118,335 14.91 35,719 4.50 51,594 6.50 Tier 1 Capital to Average Assets Consolidated 123,344 10.69 46,149 4.00 N/A N/A Colony Bank 118,335 10.27 46,074 4.00 57,592 5.00

Note 13 - Earnings Per Share

Note 13 - Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
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 period ended March 31, 2016 and 2015: Three Months Ended March 31 2016 2015 Numerator Net Income Available to Common Stockholders $ 1,656 $ 1,253 Denominator Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share 8,439 8,439 Dilutive Effect of Potential Common Stock Restricted Stock - - Stock Warrants 45 - Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share 8,484 8,439 Earnings Per Share - Basic $ 0.20 $ 0.15 Earnings Per Share - Diluted $ 0.20 $ 0.15 For the three months ended March 31, 2015, the Company excluded 500 shares of common stock equivalents because the strike price of the common stock equivalents would cause them to have an anti-dilutive effect.

Note 14 - Accumulated Other Com

Note 14 - Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	(14 ) Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) for unrealized gains and losses securities available for sale for the period ended March 31, 2016 and the year ended December 31, 2015 are as follows: March 31, 2016 December 31, 2015 Beginning Balance $ (4,434 ) $ (4,845 ) Other Comprehensive Income (Loss) Before Reclassification 5,199 622 Amounts Reclassified from Accumulated Other Comprehensive Income (1,768 ) (211 ) Net Current Period Other Comprehensive Income 3,431 411 Ending Balance $ (1,003 ) $ (4,434 )

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
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, 2015 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 three months ended March 31, 2016, 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, Columbus, Cordele, Douglas, Eastman, Fitzgerald, Leesburg, Moultrie, 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, 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 2016. 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 March 31, 2016, approximately 87 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 are lower than the carrying value of that loan. The historical component covers nonclassified loans and is based on historical loss experience adjusted for qualitative factors. A general component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The general component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and historical losses in the portfolio. General valuation allowances are based on internal and external qualitative risk factors such as (1) changes in lending policies and procedures, including changes in underwriting standards and collections, charge offs, and recovery practices, (2) changes in international, national, regional, and local conditions, (3) changes in the nature and volume of the portfolio and terms of loans, (4) changes in the experience, depth, and ability of lending management, (5) changes in the volume and severity of past due loans and other similar conditions, (6) changes in the quality of the organization's loan review system, (7) changes in the value of underlying collateral for collateral dependent loans, (8) the existence and effect of any concentrations of credit and changes in the levels of such concentrations, and (9) the effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses. 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 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 $14,985 and $14,830 as of March 31, 2016 and December 31, 2015, 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 ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2016-1, “No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-02, "Lease s ." ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting."

Note 1 - Summary of Significa22

Note 1 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
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 Straight-Line and Accelerated

Note 2 - Investment Securities

Note 2 - Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Marketable Securities [Table Text Block]	March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 305,385 $ 1,058 $ (2,633 ) $ 303,810 State, County & Municipal 4,975 74 (19 ) 5,030 $ 310,360 $ 1,132 $ (2,652 ) $ 308,840 December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 297,779 $ 63 $ (6,792 ) $ 291,050 State, County & Municipal 5,089 30 (20 ) 5,099 $ 302,868 $ 93 $ (6,812 ) $ 296,149
Investments Classified by Contractual Maturity Date [Table Text Block]	Securities Available for Sale Amortized Cost Fair Value Due In One Year or Less $ 330 $ 331 Due After One Year Through Five Years 1,480 1,473 Due After Five Years Through Ten Years 1,671 1,717 Due After Ten Years 1,494 1,509 $ 4,975 $ 5,030 Mortgage-Backed Securities 305,385 303,810 $ 310,360 $ 308,840
Schedule of Unrealized Loss on Investments [Table Text Block]	Less Than 12 Months 12 Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses March 31, 2016 U.S. Government Agencies Mortgage-Backed $ 37,615 $ (202 ) $ 126,577 $ (2,431 ) $ 164,192 $ (2,633 ) State, County and Municipal 701 (12 ) 249 (7 ) 950 (19 ) $ 38,316 $ (214 ) $ 126,826 $ (2,438 ) $ 165,142 $ (2,652 ) December 31, 2015 U.S. Government Agencies Mortgage-Backed $ 139,765 $ (1,270 ) $ 139,720 $ (5,522 ) $ 279,485 $ (6,792 ) State, County and Municipal 1,035 (20 ) - - 1,035 (20 ) $ 140,800 $ (1,290 ) $ 139,720 $ (5,522 ) $ 280,520 $ (6,812 )

Note 3 - Loans (Tables)

Note 3 - Loans (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	March 31, 2016 December 31, 2015 Commercial and Agricultural Commercial $ 45,115 $ 47,782 Agricultural 18,562 19,193 Real Estate Commercial Constuction 35,970 40,107 Residential Construction 9,849 9,413 Commercial 347,372 346,262 Residential 195,679 197,002 Farmland 66,285 61,780 Consumer and Other Consumer 19,661 20,605 Other 15,768 16,492 Total Loans $ 754,261 $ 758,636
Financing Receivable Credit Quality Indicators [Table Text Block]	March 31, 2016 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 41,878 $ 1,749 $ 1,488 $ 45,115 Agricultural 18,240 75 247 18,562 Real Estate Commercial Construction 33,618 1,001 1,351 35,970 Residential Construction 9,849 - - 9,849 Commercial 322,522 6,565 18,285 347,372 Residential 176,393 8,418 10,868 195,679 Farmland 61,104 1,029 4,152 66,285 Consumer and Other Consumer 19,129 119 413 19,661 Other 15,746 - 22 15,768 Total Loans $ 698,479 $ 18,956 $ 36,826 $ 754,261 December 31, 2015 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 44,274 $ 1,927 $ 1,581 $ 47,782 Agricultural 18,970 18 205 19,193 Real Estate Commercial Construction 36,516 913 2,678 40,107 Residential Construction 9,413 - - 9,413 Commercial 320,566 13,653 12,043 346,262 Residential 177,054 8,546 11,402 197,002 Farmland 56,798 930 4,052 61,780 Consumer and Other Consumer 20,038 156 411 20,605 Other 16,467 - 25 16,492 Total Loans $ 700,096 $ 26,143 $ 32,397 $ 758,636
Past Due Financing Receivables [Table Text Block]	March 31, 2016 Accruing Loans Total 90 Days Accruing 30-89 Days or More Loans Past Nonaccrual Current Past Due Past Due Due Loans Loans Total Loans Commercial and Agricultural Commercial $ 286 $ - $ 286 $ 529 $ 44,300 $ 45,115 Agricultural 777 - 777 193 17,592 18,562 Real Estate Commercial Construction 177 - 177 228 35,565 35,970 Residential Construction - - - - 9,849 9,849 Commercial 5,385 - 5,385 6,755 335,232 347,372 Residential 2,199 - 2,199 2,874 190,606 195,679 Farmland 191 - 191 1,327 64,767 66,285 Consumer and Other Consumer 223 8 231 195 19,235 19,661 Other - - - - 15,768 15,768 Total Loans $ 9,238 $ 8 $ 9,246 $ 12,101 $ 732,914 $ 754,261 December 31, 2015 Accruing Loans Total 90 Days Accruing 30-89 Days or More Loans Past Nonaccrual Current Past Due Past Due Due Loans Loans Total Loans Commercial and Agricultural Commercial $ 491 $ - $ 491 $ 577 $ 46,714 $ 47,782 Agricultural 71 - 71 178 18,944 19,193 Real Estate Commercial Construction 90 - 90 1,643 38,374 40,107 Residential Construction - - - - 9,413 9,413 Commercial 6,031 - 6,031 7,565 332,666 346,262 Residential 3,683 - 3,683 3,164 190,155 197,002 Farmland 123 - 123 1,103 60,554 61,780 Consumer and Other Consumer 470 8 478 178 19,949 20,605 Other - - - - 16,492 16,492 Total Loans $ 10,959 $ 8 $ 10,967 $ 14,408 $ 733,261 $ 758,636
Impaired Financing Receivables [Table Text Block]	March 31, 2016 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 502 $ 500 $ - $ 477 $ 2 $ 3 Agricultural 213 193 - 185 7 10 Commercial Construction 466 466 - 1,182 4 3 Residential Construction - - - - - - Commercial Real Estate 10,439 9,992 - 12,557 89 93 Residential Real Estate 5,209 4,288 - 4,432 52 48 Farmland 1,328 1,327 - 1,215 (4 ) - Consumer 207 195 - 187 1 4 Other - - - - - - 18,364 16,961 - 20,235 151 161 With An Allowance Recorded Commercial 29 28 4 76 - - Agricultural - - - - - - Commercial Construction 75 75 24 76 - - Residential Construction - - - - - - Commercial Real Estate 7,279 7,265 1,940 8,110 50 52 Residential Real Estate 971 964 528 1,019 1 1 Farmland 386 386 35 387 5 5 Consumer - - - - - - Other - - - - - - 8,740 8,718 2,531 9,668 56 58 Total Commercial 531 528 4 553 2 3 Agricultural 213 193 - 185 7 10 Commercial Construction 541 541 24 1,258 4 3 Residential Construction - - - - - - Commercial Real Estate 17,718 17,257 1,940 20,667 139 145 Residential Real Estate 6,180 5,252 528 5,451 53 49 Farmland 1,714 1,713 35 1,602 1 5 Consumer 207 195 - 187 1 4 Other - - - - - - $ 27,104 $ 25,679 $ 2,531 $ 29,903 $ 207 $ 219 December 31, 2015 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 454 $ 454 $ - $ 535 $ 17 $ 21 Agricultural 196 178 - 163 (10 ) 10 Commercial Construction 6,888 1,897 - 2,867 26 27 Commercial Real Estate 15,569 15,122 - 15,430 529 531 Residential Real Estate 5,429 4,576 - 4,715 176 159 Farmland 1,105 1,103 - 1,340 1 2 Consumer 180 178 - 191 14 15 Other - - - 48 - - 29,821 23,508 - 25,289 753 765 With An Allowance Recorded Commercial 123 123 95 100 2 3 Agricultural - - - - - - Commercial Construction 77 77 25 92 - - Commercial Real Estate 8,969 8,956 1,608 6,673 214 209 Residential Real Estate 1,083 1,075 308 1,089 16 16 Farmland 388 388 37 391 21 21 Consumer - - - - - - Other - - - - - - 10,640 10,619 2,073 8,345 253 249 Total Commercial 577 577 95 635 19 24 Agricultural 196 178 - 163 (10 ) 10 Commercial Construction 6,965 1,974 25 2,959 26 27 Commercial Real Estate 24,538 24,078 1,608 22,103 743 740 Residential Real Estate 6,512 5,651 308 5,804 192 175 Farmland 1,493 1,491 37 1,731 22 23 Consumer 180 178 - 191 14 15 Other - - - 48 - - $ 40,461 $ 34,127 $ 2,073 $ 33,634 $ 1,006 $ 1,014 March 31, 2015 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 492 $ 464 $ - $ 386 $ (7 ) $ 5 Agricultural 174 156 - 101 (10 ) 10 Commercial Construction 9,537 3,428 - 3,446 6 7 Residential Construction - - - - - - Commercial Real Estate 17,531 17,037 - 16,632 157 163 Residential Real Estate 6,141 5,195 - 6,397 42 47 Farmland 1,419 1,417 - 1,433 3 3 Consumer 200 192 - 197 1 4 Other 205 194 - 195 2 2 35,699 28,083 - 28,787 194 241 With An Allowance Recorded Commercial 94 94 94 95 - - Agricultural - - - - - - Commercial Construction 206 134 49 136 - - Residential Construction - - - - - - Commercial Real Estate 5,463 5,463 209 5,799 45 45 Residential Real Estate 1,209 1,103 330 1,584 13 6 Farmland 394 394 53 395 5 5 Consumer - - - - - - Other - - - - - - 7,366 7,188 735 8,009 63 56 Total Commercial 586 558 94 481 (7 ) 5 Agricultural 174 156 - 101 (10 ) 10 Commercial Construction 9,743 3,562 49 3,582 6 7 Residential Construction - - - - - - Commercial Real Estate 22,994 22,500 209 22,431 202 208 Residential Real Estate 7,350 6,298 330 7,981 55 53 Farmland 1,813 1,811 53 1,828 8 8 Consumer 200 192 - 197 1 4 Other 205 194 - 195 2 2 $ 43,065 $ 35,271 $ 735 $ 36,796 $ 257 $ 297
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Three Months Ended March 31, 2016 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification Residential Real Estate 1 $ 91 $ 91 Total Loans 1 $ 91 $ 91 Three Months Ended March 31, 2015 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification Residential Real Estate 1 $ 881 $ 897 Total Loans 1 $ 881 $ 897

Note 4 - Allowance for Loan L25

Note 4 - Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	March 31, 2016 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 855 $ (169 ) $ 12 $ (144 ) $ 554 Agricultural 203 (22 ) 1 10 192 Real Estate Commercial Construction 691 - 804 (685 ) 810 Residential Construction 20 - - - 20 Commercial 3,851 (248 ) 168 1,475 5,246 Residential 1,990 (63 ) 14 (136 ) 1,805 Farmland 912 - 125 (234 ) 803 Consumer and Other Consumer 63 (49 ) 15 72 101 Other 19 - 3 (4 ) 18 $ 8,604 $ (551 ) $ 1,142 $ 354 $ 9,549 March 31, 2015 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 497 $ (184 ) $ 13 $ 8 $ 334 Agricultural 304 - 1 2 307 Real Estate Commercial Construction 1,223 (6 ) 14 138 1,369 Residential Construction 138 - - - 138 Commercial 3,665 (125 ) 88 144 3,772 Residential 2,425 (589 ) 22 42 1,900 Farmland 104 - - 2 106 Consumer and Other Consumer 67 (36 ) 13 26 70 Other 379 - 2 - 381 $ 8,802 $ (940 ) $ 153 $ 362 $ 8,377 March 31, 2016 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 $ 4 $ 550 $ 554 $ 37 $ 45,078 $ 45,115 Agricultural - 192 192 - 18,562 18,562 Real Estate Commercial Construction 24 786 810 389 35,581 35,970 Residential Construction - 20 20 - 9,849 9,849 Commercial 1,940 3,306 5,246 16,918 330,454 347,372 Residential 528 1,277 1,805 3,370 192,309 195,679 Farmland 35 768 803 1,401 64,884 66,285 Consumer and Other Consumer - 101 101 - 19,661 19,661 Other - 18 18 - 15,768 15,768 Total End of Period Balance $ 2,531 $ 7,018 $ 9,549 $ 22,115 $ 732,146 $ 754,261 March 31, 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 $ 94 $ 240 $ 334 $ 94 $ 51,680 $ 51,774 Agricultural - 307 307 8 19,180 19,188 Real Estate Commercial Construction 49 1,320 1,369 3,428 45,183 48,611 Residential Construction - 138 138 - 10,030 10,030 Commercial 209 3,563 3,772 21,953 319,892 341,845 Residential 330 1,570 1,900 3,680 199,198 202,878 Farmland 53 53 106 1,699 49,873 51,572 Consumer and Other Consumer - 70 70 - 21,705 21,705 Other - 381 381 - 6,031 6,031 Total End of Period Balance $ 735 $ 7,642 $ 8,377 $ 30,862 $ 722,772 $ 753,634

Note 5 - Other Real Estate Ow26

Note 5 - Other Real Estate Owned (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Other Real Estate, Roll Forward [Table Text Block]	Three Months Ended Twelve Months Ended March 31, 2016 December 31, 2015 Balance, Beginning $ 8,839 $ 10,402 Additions 2,183 7,536 Sales of OREO (1,366 ) (8,055 ) Gains (Losses) on Sale 40 (591 ) Provision for Losses (78 ) (453 ) Balance, Ending $ 9,618 $ 8,839

Note 6 - Deposits (Tables)

Note 6 - Deposits (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Components Of Interest Bearing Deposits [Table Text Block]	Three Months Ended Twelve Months Ended March 31, 2016 December 31, 2015 Interest-Bearing Demand $ 405,485 $ 412,960 Savings 68,759 64,976 Time, $100,000 and Over 199,515 202,801 Other Time 190,933 196,931 $ 864,692 $ 877,668
Scheduled Maturities Of Certificates Of Deposits [Table Text Block]	Maturity March 31, 2016 December 31, 2015 One Year and Under $ 276,187 $ 287,423 One to Three Years 89,566 88,019 Three Years and Over 24,695 24,290 $ 390,448 $ 399,732

Note 7 - Other Borrowed Money (

Note 7 - Other Borrowed Money (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	March 31, 2016 December 31, 2015 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 5,000 2020 2,500 After 2020 30,000 $ 40,000

Note 9 - Subordinated Debentu29

Note 9 - Subordinated Debentures (Trust Preferred Securities) (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Subordinated Borrowing [Table Text Block]	5 Year 3 Month Added Total Call Description Date Amount Libor Rate Points Rate Maturity Option Colony Bankcorp Statutory Trust III 6/17/2004 $4,640 0.64195 2.68 3.32195 6/14/2034 6/17/2009 Colony Bankcorp Capital Trust I 4/13/2006 5,155 0.63085 1.50 2.13085 4/13/2036 4/13/2011 Colony Bankcorp Capital Trust II 3/12/2007 9,279 0.62860 1.65 2.27860 3/12/2037 3/12/2012 Colony Bankcorp Capital Trust III 9/14/2007 5,155 0.61560 1.40 2.01560 9/14/2037 9/14/2012

Note 10 - Commitments and Con30

Note 10 - Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Summary Of Financial Instrument Outstanding [Table Text Block]	Contract Amount March 31, 2016 December 31, 2015 Loan Commitments $ 80,935 $ 67,889 Letters of Credit 1,454 1,588

Note 11 - Fair Value of Finan31

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value, Inputs, Level 3 [Member]
Notes Tables
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Valuation Unobservable Range Fair Value Techniques Inputs Weighted Avg State, County and Municipal $ 929 Discounted Cash Flow Discount Rate N/A*
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at March 31, 2016 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 48,912 $ 48,912 $ 48,912 $ - $ - Investment Securities Available for Sale 308,840 308,840 - 307,911 929 Federal Home Loan Bank Stock 2,755 2,755 2,755 - - Loans, Net 744,356 745,279 - 739,092 6,187 Bank-Owned Life Insurance 14,985 14,985 14,985 - - Liabilities Deposits 1,000,043 1,001,576 609,595 391,981 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 40,000 41,640 - 41,640 - Fair Value Measurements at December 31, 2015 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 60,872 $ 60,872 $ 60,872 $ - $ - Investment Securities Available for Sale 296,149 296,149 - 295,219 930 Federal Home Loan Bank Stock 2,731 2,731 2,731 - - Loans, Net 749,675 750,412 - 741,867 8,545 Bank-Owned Life Insurance 14,830 14,830 14,830 - - Liabilities Deposits 1,011,554 1,013,111 611,822 401,289 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 40,000 40,421 - 40,421 -
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Significant Other Unobservable Total Fair Identical Assets Observable Inputs March 31, 2016 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale Mortgage-Backed $ 303,810 $ - $ 303,810 $ - State, County and Municipal 5,030 - 4,101 929 $ 308,840 $ - $ 307,911 $ 929 Nonrecurring Impaired Loans $ 6,187 $ - $ - $ 6,187 Other Real Estate $ 2,941 $ - $ - $ 2,941 Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs December 31, 2015 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale Mortgage-Backed $ 291,050 $ - $ 291,050 $ - State, County and Municipal 5,099 - 4,169 930 $ 296,149 $ - $ 295,219 $ 930 Nonrecurring Impaired Loans $ 8,545 $ - $ - $ 8,545 Other Real Estate $ 2,536 $ - $ - $ 2,536
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	March 31, Valuation Unobservable Range 2016 Techniques Inputs Weighted Avg Commercial $ 24 Sales Comparison Adjustment for Differences (31.77 )% - 34.00% Between the Comparable Sales 1.12% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Income Approach Capitalization Rate 11.00% Real Estate Commercial Construction 51 Sales Comparison Adjustment for Differences (5.00 )% - 99.00% Between the Comparable Sales 47.00 % Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 436 Sales Comparison Adjustment for Differences (22.00 )% - 0.00% Between the Comparable Sales (11.00)% Management Adjustments for 0.00% - 40.00% Age of Appraisals and/or Current 20.00% Market Conditions Commercial Real Estate 5,325 Sales Comparison Adjustment for Differences (31.77 )% - 34.00% Between the Comparable Sales 1.12% Management Adjustments for 0.00% - 90.00% Age of Appraisals and/or Current 45.00% Market Conditions Income Approach Capitalization Rate 10.33% Farmland 351 Sales Comparison Adjustment for Differences (27.00 )% - 15.00% Between the Comparable Sales (6.00)% Management Adjustments for 10.00% - 75.00% Age of Appraisals and/or Current 42.50% Market Conditions Other Real Estate Owned 2,941 Sales Comparison Adjustment for Differences (50.80 )% - 142.90% Between the Comparable Sales 46.05% Management Adjustments for 0.62% - 72.75% Age of Appraisals and/or Current 29.23% Market Conditions Income Approach Discount Rate 12.50% December 31, Valuation Unobservable Range 2015 Techniques Inputs Weighted Avg Commercial $ 28 Sales Comparison Adjustment for Differences (31.77)% - 34.00% Between the Comparable Sales 1.12% Management Adjustment for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Income Approach Capitalization Rate 11.00% Real Estate Commercial Construction 51 Sales Comparison Adjustment for Differences (5.00)% - 99.00% Between the Comparable Sales 47.00% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Residential Real Estate 767 Sales Comparison Adjustment for Differences (22.00)% - 10.80% Between the Comparable Sales 5.60% Management Adjustments for 0.00% - 25.00% Age of Appraisals and/or Current 12.50% Market Conditions Commercial Real Estate 7,348 Sales Comparison Adjustment for differences (31.77)% - 34.00% Between the comparable Sales 1.12% Management Adjustments for 0.00% - 10.00% Age of Appraisals and/or Current 5.00% Market Conditions Income Approach Capitalization Rate 10.25% Farmland 351 Sales Comparison Adjustment for Differences (27.00)% - 15.00% Between the Comparable Sales (6.00)% Management Adjustments for 10.00% - 75.00% Age of Appraisals and/or Current 42.50% Market Conditions Other Real Estate Owned 2,536 Sales Comparison Adjustment for Differences (50.80)% - 142.90% Between the Comparable Sales 46.05% Management Adjustment for 15.53% - 72.75% Age of Appraisals and/or Current 43.37% Market Conditions Income Approach Discount Rate 12.50%
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Available for Sale Securities March 31, 2016 December 31, 2015 Balance, Beginning $ 930 $ 948 Transfers out of Level 3 - - Loss on OTTI Impairment Included in Noninterest Income - - Unrealized Gains included in Other Comprehensive Income (Loss) (1 ) (18 ) Balance, Ending $ 929 $ 930

Note 12 - Regulatory Capital 32

Note 12 - Regulatory Capital Matters (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of March 31, 2016 Total Capital to Risk-Weighted Assets Consolidated $ 134,531 17.13 % $ 62,813 8.00 % N/A N/A Colony Bank 130,136 16.60 62,722 8.00 $ 78,403 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 124,982 15.92 47,109 6.00 N/A N/A Colony Bank 120,587 15.38 47,042 6.00 62,722 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 83,461 10.63 35,332 4.50 N/A N/A Colony Bank 120,587 15.38 35,281 4.50 50,962 6.50 Tier I Capital to Average Assets Consolidated 124,982 10.70 46,707 4.00 N/A N/A Colony Bank 120,587 10.34 46,633 4.00 58,291 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, 2015 Total Capital to Risk-Weighted Assets Consolidated $ 131,948 16.60 % $ 63,602 8.00 % N/A N/A Colony Bank 126,939 15.99 63,500 8.00 $ 79,375 10.00 % Tier 1 Capital to Risk-Weighted Assets Consolidated 123,344 15.51 47,702 6.00 N/A N/A Colony Bank 118,335 14.91 47,625 6.00 63,500 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 81,823 10.29 35,776 4.50 N/A N/A Colony Bank 118,335 14.91 35,719 4.50 51,594 6.50 Tier 1 Capital to Average Assets Consolidated 123,344 10.69 46,149 4.00 N/A N/A Colony Bank 118,335 10.27 46,074 4.00 57,592 5.00

Note 13 - Earnings Per Share (T

Note 13 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31 2016 2015 Numerator Net Income Available to Common Stockholders $ 1,656 $ 1,253 Denominator Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share 8,439 8,439 Dilutive Effect of Potential Common Stock Restricted Stock - - Stock Warrants 45 - Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share 8,484 8,439 Earnings Per Share - Basic $ 0.20 $ 0.15 Earnings Per Share - Diluted $ 0.20 $ 0.15

Note 14 - Accumulated Other C34

Note 14 - Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	March 31, 2016 December 31, 2015 Beginning Balance $ (4,434 ) $ (4,845 ) Other Comprehensive Income (Loss) Before Reclassification 5,199 622 Amounts Reclassified from Accumulated Other Comprehensive Income (1,768 ) (211 ) Net Current Period Other Comprehensive Income 3,431 411 Ending Balance $ (1,003 ) $ (4,434 )

Note 1 - Summary of Significa35

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Other Assets [Member]
Cash Surrender Value of Life Insurance	$ 14,985	$ 14,830
Percentage of Loan Portfolio Concentrated in Loans Secured by Real Estate.	87.00%
Discounted Percentage to Account for Selling and Marketing Costs	10.00%
Probability of Uncertain Tax Positions of Being Realized upon Settlement, Minimum	50.00%

Note 1 - Estimated Useful Lives

Note 1 - Estimated Useful Lives and Methods of Depreciation (Details)	3 Months Ended
	Mar. 31, 2016
Banking Premises [Member] | Minimum [Member]
Property, plant and equipment, useful life	15 years
Banking Premises [Member] | Maximum [Member]
Property, plant and equipment, useful life	40 years
Banking Premises [Member]
Property, plant and equipment, depreciation method	Straight-Line and Accelerated
Furniture and Equipment [Member] | Minimum [Member]
Property, plant and equipment, useful life	5 years
Furniture and Equipment [Member] | Maximum [Member]
Property, plant and equipment, useful life	10 years
Furniture and Equipment [Member]
Property, plant and equipment, depreciation method	Straight-Line and Accelerated

Note 2 - Investment Securitie37

Note 2 - Investment Securities (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Proceeds from Sale of Available-for-sale Securities	$ 11,800	$ 25,173
Available-for-sale Securities, Gross Realized Gains	9
Available-for-sale Securities, Gross Realized Losses	7
Held-to-maturity Securities Pledged as Collateral	$ 132,675		$ 133,754
Depreciated Debt Securities with Unrealized Losses	1.58%

Note 2 - Investment Securitie38

Note 2 - Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member]
Available for sale securities, amortized cost	$ 305,385	$ 297,779
Available for sale securities, gross unrealized gains	1,058	63
Available for sale securities, gross unrealized losses	(2,633)	(6,792)
Available for sale securities, fair value	303,810	291,050
US States and Political Subdivisions Debt Securities [Member]
Available for sale securities, amortized cost	4,975	5,089
Available for sale securities, gross unrealized gains	74	30
Available for sale securities, gross unrealized losses	(19)	(20)
Available for sale securities, fair value	5,030	5,099
Available for sale securities, amortized cost	310,360	302,868
Available for sale securities, gross unrealized gains	1,132	93
Available for sale securities, gross unrealized losses	(2,652)	(6,812)
Available for sale securities, fair value	$ 308,840	$ 296,149

Note 2 - Amortized Cost and Fai

Note 2 - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) $ in Thousands	Mar. 31, 2016USD ($)
Due In One Year or Less,available for sale, amortized cost	$ 330
Due In One Year or Less, available for sale, fair value	331
Due After One Year Through Five Years,available for sale, amortized cost	1,480
Due After One Year Through Five Years, available for sale, fair value	1,473
Due After Five Years Through Ten Years,available for sale, amortized cost	1,671
Due After Five Years Through Ten Years, available for sale, fair value	1,717
Due After Ten Years,available for sale, amortized cost	1,494
Due After Ten Years, available for sale, fair value	1,509
	4,975
	5,030
Mortgage-Backed Securities,available for sale, amortized cost	305,385
Mortgage-Backed Securities, available for sale, fair value	303,810
	310,360
	$ 308,840

Note 2 - Investment Securitie40

Note 2 - Investment Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member]
Continuous unrealized loss, less than 12 months, fair value	$ 37,615	$ 139,765
Continuous unrealized loss, less than 12 months, gross unrealized losses	(202)	(1,270)
Continuous unrealized loss, greater than 12 months, fair value	126,577	139,720
Continuous unrealized loss, greater than 12 months, gross unrealized losses	(2,431)	(5,522)
Continuous unrealized loss, fair value	164,192	279,485
Continuous unrealized loss, gross unrealized losses	(2,633)	(6,792)
US States and Political Subdivisions Debt Securities [Member]
Continuous unrealized loss, less than 12 months, fair value	701	1,035
Continuous unrealized loss, less than 12 months, gross unrealized losses	(12)	$ (20)
Continuous unrealized loss, greater than 12 months, fair value	249
Continuous unrealized loss, greater than 12 months, gross unrealized losses	(7)
Continuous unrealized loss, fair value	950	$ 1,035
Continuous unrealized loss, gross unrealized losses	(19)	(20)
Continuous unrealized loss, less than 12 months, fair value	38,316	140,800
Continuous unrealized loss, less than 12 months, gross unrealized losses	(214)	(1,290)
Continuous unrealized loss, greater than 12 months, fair value	126,826	139,720
Continuous unrealized loss, greater than 12 months, gross unrealized losses	(2,438)	(5,522)
Continuous unrealized loss, fair value	165,142	280,520
Continuous unrealized loss, gross unrealized losses	$ (2,652)	$ (6,812)

Note 3 - Loans (Details Textual

Note 3 - Loans (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)
Loans and Leases Receivable, Impaired, Commitment to Lend	$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0

Note 3 - Loans Segregated by Cl

Note 3 - Loans Segregated by Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Loans and Leases Receivable, Gross	$ 45,115	$ 47,782	$ 51,774
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Loans and Leases Receivable, Gross	18,562	19,193	19,188
Real Estate Portfolio Segment [Member] | Commercial [Member]
Loans and Leases Receivable, Gross	347,372	346,262	341,845
Real Estate Portfolio Segment [Member] | Commercial Construction [Member]
Loans and Leases Receivable, Gross	35,970	40,107	48,611
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Loans and Leases Receivable, Gross	9,849	9,413	10,030
Real Estate Portfolio Segment [Member] | Residential [Member]
Loans and Leases Receivable, Gross	195,679	197,002	202,878
Real Estate Portfolio Segment [Member] | Farmland [Member]
Loans and Leases Receivable, Gross	66,285	61,780	51,572
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Loans and Leases Receivable, Gross	19,661	20,605	21,705
Consumer and Other Portfolio Segment [Member] | Other [Member]
Loans and Leases Receivable, Gross	15,768	16,492	6,031
Loans and Leases Receivable, Gross	$ 754,261	$ 758,636	$ 753,634

Note 3 - Loan Portfolio by Cred

Note 3 - Loan Portfolio by Credit Quality Indicator (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Pass [Member]
Loans and Leases Receivable, Gross	$ 41,878	$ 44,274,000
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross	1,749	1,927,000
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	1,488	1,581,000
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Loans and Leases Receivable, Gross	45,115,000	47,782,000	$ 51,774,000
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Pass [Member]
Loans and Leases Receivable, Gross	18,240,000	18,970,000
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross	75,000	18,000
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	247,000	205,000
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Loans and Leases Receivable, Gross	18,562,000	19,193,000	19,188,000
Real Estate Portfolio Segment [Member] | Commercial [Member] | Pass [Member]
Loans and Leases Receivable, Gross	322,522,000	320,566,000
Real Estate Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross	6,565,000	13,653,000
Real Estate Portfolio Segment [Member] | Commercial [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	18,285,000	12,043,000
Real Estate Portfolio Segment [Member] | Commercial [Member]
Loans and Leases Receivable, Gross	347,372,000	346,262,000	341,845,000
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Pass [Member]
Loans and Leases Receivable, Gross	33,618,000	36,516,000
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross	1,001,000	913,000
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	1,351,000	2,678,000
Real Estate Portfolio Segment [Member] | Commercial Construction [Member]
Loans and Leases Receivable, Gross	35,970,000	40,107,000	48,611,000
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Pass [Member]
Loans and Leases Receivable, Gross	$ 9,849,000	9,413,000
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Substandard [Member]
Loans and Leases Receivable, Gross
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Loans and Leases Receivable, Gross	$ 9,849,000	9,413,000	10,030,000
Real Estate Portfolio Segment [Member] | Residential [Member] | Pass [Member]
Loans and Leases Receivable, Gross	176,393,000	177,054,000
Real Estate Portfolio Segment [Member] | Residential [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross	8,418,000	8,546,000
Real Estate Portfolio Segment [Member] | Residential [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	10,868,000	11,402,000
Real Estate Portfolio Segment [Member] | Residential [Member]
Loans and Leases Receivable, Gross	195,679,000	197,002,000	202,878,000
Real Estate Portfolio Segment [Member] | Farmland [Member] | Pass [Member]
Loans and Leases Receivable, Gross	61,104,000	56,798,000
Real Estate Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross	1,029,000	930,000
Real Estate Portfolio Segment [Member] | Farmland [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	4,152,000	4,052,000
Real Estate Portfolio Segment [Member] | Farmland [Member]
Loans and Leases Receivable, Gross	66,285,000	61,780,000	51,572,000
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Pass [Member]
Loans and Leases Receivable, Gross	19,129,000	20,038,000
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross	119,000	156,000
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	413,000	411,000
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Loans and Leases Receivable, Gross	19,661,000	20,605,000	21,705,000
Consumer and Other Portfolio Segment [Member] | Other [Member] | Pass [Member]
Loans and Leases Receivable, Gross	15,746,000	16,467,000
Consumer and Other Portfolio Segment [Member] | Other [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	22,000	25,000
Consumer and Other Portfolio Segment [Member] | Other [Member]
Loans and Leases Receivable, Gross	15,768,000	16,492,000	6,031,000
Pass [Member]
Loans and Leases Receivable, Gross	698,479,000	700,096,000
Special Mention [Member]
Loans and Leases Receivable, Gross	18,956,000	26,143,000
Substandard [Member]
Loans and Leases Receivable, Gross	36,826,000	32,397,000
Loans and Leases Receivable, Gross	$ 754,261,000	$ 758,636,000	$ 753,634,000

Note 3 - Age Analysis of Past D

Note 3 - Age Analysis of Past Due Loans and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	$ 286	$ 491
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Accruing loans past due	286	491
Nonaccrual loans	529	577
Current loans	44,300	46,714
Loans and Leases Receivable, Gross	45,115	47,782	$ 51,774
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	777	71
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Accruing loans past due	777	71
Nonaccrual loans	193	178
Current loans	17,592	18,944
Loans and Leases Receivable, Gross	18,562	19,193	19,188
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	5,385	6,031
Real Estate Portfolio Segment [Member] | Commercial [Member]
Accruing loans past due	5,385	6,031
Nonaccrual loans	6,755	7,565
Current loans	335,232	332,666
Loans and Leases Receivable, Gross	347,372	346,262	341,845
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	177	90
Real Estate Portfolio Segment [Member] | Commercial Construction [Member]
Accruing loans past due	177	90
Nonaccrual loans	228	1,643
Current loans	35,565	38,374
Loans and Leases Receivable, Gross	35,970	40,107	48,611
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Current loans	9,849	9,413
Loans and Leases Receivable, Gross	9,849	9,413	10,030
Real Estate Portfolio Segment [Member] | Residential [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	2,199	3,683
Real Estate Portfolio Segment [Member] | Residential [Member]
Accruing loans past due	2,199	3,683
Nonaccrual loans	2,874	3,164
Current loans	190,606	190,155
Loans and Leases Receivable, Gross	195,679	197,002	202,878
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	191	123
Real Estate Portfolio Segment [Member] | Farmland [Member]
Accruing loans past due	191	123
Nonaccrual loans	1,327	1,103
Current loans	64,767	60,554
Loans and Leases Receivable, Gross	66,285	61,780	51,572
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	223	470
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing loans past due	8	8
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Accruing loans past due	231	478
Nonaccrual loans	195	178
Current loans	19,235	19,949
Loans and Leases Receivable, Gross	19,661	20,605	21,705
Consumer and Other Portfolio Segment [Member] | Other [Member]
Current loans	15,768	16,492
Loans and Leases Receivable, Gross	15,768	16,492	6,031
Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	9,238	10,959
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing loans past due	8	8
Accruing loans past due	9,246	10,967
Nonaccrual loans	12,101	14,408
Current loans	732,914	733,261
Loans and Leases Receivable, Gross	$ 754,261	$ 758,636	$ 753,634

Note 3 - Impaired Loan Data (De

Note 3 - Impaired Loan Data (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Unpaid contractual principal balance with no related allowance	$ 502	$ 492	$ 454
Impaired balance with no related allowance	500	464	454
Average recorded investment with no related allowance	477	386	535
Interest income recognized with no related allowance	2	(7)	17
Interest income collected with no related allowance	3	5	21
Unpaid contractual principal balance with an allowance	29	94	123
Impaired balance with an allowance	28	94	123
Related allowance	4	94	95
Average recorded investment with an allowance	76	95	100
Interest income recognized with an allowance			2
Interest income collected with an allowance			3
Unpaid contractual principal balance	531	586	577
Impaired balance	528	558	577
Average recorded investment	553	481	635
Interest income recognized	2	(7)	19
Interest income collected	3	5	24
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Unpaid contractual principal balance with no related allowance	213	174	196
Impaired balance with no related allowance	193	156	178
Average recorded investment with no related allowance	185	101	163
Interest income recognized with no related allowance	7	(10)	(10)
Interest income collected with no related allowance	10	10	10
Unpaid contractual principal balance	213	174	196
Impaired balance	193	156	178
Average recorded investment	185	101	163
Interest income recognized	7	(10)	(10)
Interest income collected	10	10	10
Real Estate Portfolio Segment [Member] | Commercial [Member]
Unpaid contractual principal balance with no related allowance	10,439	17,531	15,569
Impaired balance with no related allowance	9,992	17,037	15,122
Average recorded investment with no related allowance	12,557	16,632	15,430
Interest income recognized with no related allowance	89	157	529
Interest income collected with no related allowance	93	163	531
Unpaid contractual principal balance with an allowance	7,279	5,463	8,969
Impaired balance with an allowance	7,265	5,463	8,956
Related allowance	1,940	209	1,608
Average recorded investment with an allowance	8,110	5,799	6,673
Interest income recognized with an allowance	50	45	214
Interest income collected with an allowance	52	45	209
Unpaid contractual principal balance	17,718	22,994	24,538
Impaired balance	17,257	22,500	24,078
Average recorded investment	20,667	22,431	22,103
Interest income recognized	139	202	743
Interest income collected	145	208	740
Real Estate Portfolio Segment [Member] | Commercial Construction [Member]
Unpaid contractual principal balance with no related allowance	466	9,537	6,888
Impaired balance with no related allowance	466	3,428	1,897
Average recorded investment with no related allowance	1,182	3,446	2,867
Interest income recognized with no related allowance	4	6	26
Interest income collected with no related allowance	3	7	27
Unpaid contractual principal balance with an allowance	75	206	77
Impaired balance with an allowance	75	134	77
Related allowance	24	49	25
Average recorded investment with an allowance	76	136	92
Unpaid contractual principal balance	541	9,743	6,965
Impaired balance	541	3,562	1,974
Average recorded investment	1,258	3,582	2,959
Interest income recognized	4	6	26
Interest income collected	3	7	27
Real Estate Portfolio Segment [Member] | Residential [Member]
Unpaid contractual principal balance with no related allowance	5,209	6,141	5,429
Impaired balance with no related allowance	4,288	5,195	4,576
Average recorded investment with no related allowance	4,432	6,397	4,715
Interest income recognized with no related allowance	52	42	176
Interest income collected with no related allowance	48	47	159
Unpaid contractual principal balance with an allowance	971	1,209	1,083
Impaired balance with an allowance	964	1,103	1,075
Related allowance	528	330	308
Average recorded investment with an allowance	1,019	1,584	1,089
Interest income recognized with an allowance	1	13	16
Interest income collected with an allowance	1	6	16
Unpaid contractual principal balance	6,180	7,350	6,512
Impaired balance	5,252	6,298	5,651
Average recorded investment	5,451	7,981	5,804
Interest income recognized	53	55	192
Interest income collected	49	53	175
Real Estate Portfolio Segment [Member] | Farmland [Member]
Unpaid contractual principal balance with no related allowance	1,328	1,419	1,105
Impaired balance with no related allowance	1,327	1,417	1,103
Average recorded investment with no related allowance	1,215	1,433	1,340
Interest income recognized with no related allowance	(4)	3	1
Interest income collected with no related allowance		3	2
Unpaid contractual principal balance with an allowance	386	394	388
Impaired balance with an allowance	386	394	388
Related allowance	35	53	37
Average recorded investment with an allowance	387	395	391
Interest income recognized with an allowance	5	5	21
Interest income collected with an allowance	5	5	21
Unpaid contractual principal balance	1,714	1,813	1,493
Impaired balance	1,713	1,811	1,491
Average recorded investment	1,602	1,828	1,731
Interest income recognized	1	8	22
Interest income collected	5	8	23
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Unpaid contractual principal balance with no related allowance	207	200	180
Impaired balance with no related allowance	195	192	178
Average recorded investment with no related allowance	187	197	191
Interest income recognized with no related allowance	1	1	14
Interest income collected with no related allowance	4	4	15
Unpaid contractual principal balance	207	200	180
Impaired balance	195	192	178
Average recorded investment	187	197	191
Interest income recognized	1	1	14
Interest income collected	4	4	$ 15
Consumer and Other Portfolio Segment [Member] | Other [Member]
Unpaid contractual principal balance with no related allowance		205
Impaired balance with no related allowance		194
Average recorded investment with no related allowance		195	$ 48
Interest income recognized with no related allowance		2
Interest income collected with no related allowance		2
Unpaid contractual principal balance		205
Impaired balance		194
Average recorded investment		195	$ 48
Interest income recognized		2
Interest income collected		2
Unpaid contractual principal balance with no related allowance	18,364	35,699	29,821
Impaired balance with no related allowance	16,961	28,083	23,508
Average recorded investment with no related allowance	20,235	28,787	25,289
Interest income recognized with no related allowance	151	194	753
Interest income collected with no related allowance	161	241	765
Unpaid contractual principal balance with an allowance	8,740	7,366	10,640
Impaired balance with an allowance	8,718	7,188	10,619
Related allowance	2,531	735	2,073
Average recorded investment with an allowance	9,668	8,009	8,345
Interest income recognized with an allowance	56	63	253
Interest income collected with an allowance	58	56	249
Unpaid contractual principal balance	27,104	43,065	40,461
Impaired balance	25,679	35,271	34,127
Average recorded investment	29,903	36,796	33,634
Interest income recognized	207	257	1,006
Interest income collected	$ 219	$ 297	$ 1,014

Note 3 - Loans Modified in a Tr

Note 3 - Loans Modified in a Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)
Real Estate Portfolio Segment [Member] | Residential [Member]
Number of contracts	1	1
Pre-modification	$ 91	$ 881
Post-modification	$ 91	$ 897
Number of contracts	1	1
Pre-modification	$ 91	$ 881
Post-modification	$ 91	$ 897

Note 4 - Allowance for Loan L47

Note 4 - Allowance for Loan Losses (Details Textual)	3 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Loans Not Classified as Impaired [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	$ 17,840,000			$ 7,200,000
Loans and Leases Receivable, Allowance	1,170			596,000
Substandard [Member]
Loans and Leases Receivable, Gross	36,826,000	$ 32,397,000
Loan Balance For Reviewing High Risk Loans Minimum	$ 250,000
Allowance for Loan Losses, Loss History Period, Number of Quarters	12	8
Allowance for Loan Losses, Increase in Calculation for Call Code Segments, Change in Method of Calculation	$ 718,000
Allowance for Credit Losses, Change in Method of Calculating Impairment			$ 1,621,000
Loans and Leases Receivable, Gross	754,261,000	$ 758,636,000		753,634,000
Loans and Leases Receivable, Allowance	$ 9,549,000	$ 8,604,000		8,377,000	$ 8,802,000
Impaired Financing Receivable, Number of Loans Below Review Threshold	156
Impaired Financing Receivable Recorded Investment Below Review Threshold	$ 3,600,000			$ 4,400,000

Note 4 - Allowance for Loan L48

Note 4 - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Commercial [Member] | Commercial and Agricultural Portfolio Segment [Member]
Allowance for loan losses, beginning balance	$ 855	$ 497
Allowance for loan losses, charge-offs	(169)	(184)
Allowance for loan losses, recoveries	12	13
Provision for Loan Losses	(144)	8
Allowance for loan losses, ending balance	554	334
Ending allowance balance, individually evaluated for impairment	4	94
Ending allowance balance, collectively evaluated for impairment	550	240
Ending loan balance, individually evaluated for impairment	37	94
Ending loan balance, collectively evaluated for impairment	45,078	51,680
Ending loan balance, total	45,115	51,774	$ 47,782
Commercial [Member] | Real Estate Portfolio Segment [Member]
Allowance for loan losses, beginning balance	3,851	3,665
Allowance for loan losses, charge-offs	(248)	(125)
Allowance for loan losses, recoveries	168	88
Provision for Loan Losses	1,475	144
Allowance for loan losses, ending balance	5,246	3,772
Ending allowance balance, individually evaluated for impairment	1,940	209
Ending allowance balance, collectively evaluated for impairment	3,306	3,563
Ending loan balance, individually evaluated for impairment	16,918	21,953
Ending loan balance, collectively evaluated for impairment	330,454	319,892
Ending loan balance, total	347,372	341,845	346,262
Agricultural [Member] | Commercial and Agricultural Portfolio Segment [Member]
Allowance for loan losses, beginning balance	203	$ 304
Allowance for loan losses, charge-offs	(22)
Allowance for loan losses, recoveries	1	$ 1
Provision for Loan Losses	10	2
Allowance for loan losses, ending balance	$ 192	$ 307
Ending allowance balance, individually evaluated for impairment
Ending allowance balance, collectively evaluated for impairment	$ 192	$ 307
Ending loan balance, individually evaluated for impairment		8
Ending loan balance, collectively evaluated for impairment	$ 18,562	19,180
Ending loan balance, total	18,562	19,188	19,193
Commercial Construction [Member] | Real Estate Portfolio Segment [Member]
Allowance for loan losses, beginning balance	$ 691	1,223
Allowance for loan losses, charge-offs		(6)
Allowance for loan losses, recoveries	$ 804	14
Provision for Loan Losses	(685)	138
Allowance for loan losses, ending balance	810	1,369
Ending allowance balance, individually evaluated for impairment	24	49
Ending allowance balance, collectively evaluated for impairment	786	1,320
Ending loan balance, individually evaluated for impairment	389	3,428
Ending loan balance, collectively evaluated for impairment	35,581	45,183
Ending loan balance, total	35,970	48,611	40,107
Residential Construction [Member] | Real Estate Portfolio Segment [Member]
Allowance for loan losses, beginning balance	$ 20	$ 138
Allowance for loan losses, charge-offs
Allowance for loan losses, recoveries
Provision for Loan Losses
Allowance for loan losses, ending balance	$ 20	$ 138
Ending allowance balance, individually evaluated for impairment
Ending allowance balance, collectively evaluated for impairment	$ 20	$ 138
Ending loan balance, individually evaluated for impairment
Ending loan balance, collectively evaluated for impairment	$ 9,849	$ 10,030
Ending loan balance, total	9,849	10,030	9,413
Residential [Member] | Real Estate Portfolio Segment [Member]
Allowance for loan losses, beginning balance	1,990	2,425
Allowance for loan losses, charge-offs	(63)	(589)
Allowance for loan losses, recoveries	14	22
Provision for Loan Losses	(136)	42
Allowance for loan losses, ending balance	1,805	1,900
Ending allowance balance, individually evaluated for impairment	528	330
Ending allowance balance, collectively evaluated for impairment	1,277	1,570
Ending loan balance, individually evaluated for impairment	3,370	3,680
Ending loan balance, collectively evaluated for impairment	192,309	199,198
Ending loan balance, total	195,679	202,878	197,002
Farmland [Member] | Real Estate Portfolio Segment [Member]
Allowance for loan losses, beginning balance	$ 912	$ 104
Allowance for loan losses, charge-offs
Allowance for loan losses, recoveries	$ 125
Provision for Loan Losses	(234)	$ 2
Allowance for loan losses, ending balance	803	106
Ending allowance balance, individually evaluated for impairment	35	53
Ending allowance balance, collectively evaluated for impairment	768	53
Ending loan balance, individually evaluated for impairment	1,401	1,699
Ending loan balance, collectively evaluated for impairment	64,884	49,873
Ending loan balance, total	66,285	51,572	61,780
Consumer [Member] | Consumer and Other Portfolio Segment [Member]
Allowance for loan losses, beginning balance	63	67
Allowance for loan losses, charge-offs	(49)	(36)
Allowance for loan losses, recoveries	15	13
Provision for Loan Losses	72	26
Allowance for loan losses, ending balance	$ 101	$ 70
Ending allowance balance, individually evaluated for impairment
Ending allowance balance, collectively evaluated for impairment	$ 101	$ 70
Ending loan balance, individually evaluated for impairment
Ending loan balance, collectively evaluated for impairment	$ 19,661	$ 21,705
Ending loan balance, total	19,661	21,705	20,605
Other [Member] | Consumer and Other Portfolio Segment [Member]
Allowance for loan losses, beginning balance	$ 19	$ 379
Allowance for loan losses, charge-offs
Allowance for loan losses, recoveries	$ 3	$ 2
Provision for Loan Losses	(4)
Allowance for loan losses, ending balance	$ 18	$ 381
Ending allowance balance, individually evaluated for impairment
Ending allowance balance, collectively evaluated for impairment	$ 18	$ 381
Ending loan balance, individually evaluated for impairment
Ending loan balance, collectively evaluated for impairment	$ 15,768	$ 6,031
Ending loan balance, total	15,768	6,031	16,492
Allowance for loan losses, beginning balance	8,604	8,802
Allowance for loan losses, charge-offs	(551)	(940)
Allowance for loan losses, recoveries	1,142	153
Provision for Loan Losses	354	362
Allowance for loan losses, ending balance	9,549	8,377
Ending allowance balance, individually evaluated for impairment	2,531	735
Ending allowance balance, collectively evaluated for impairment	7,018	7,642
Ending loan balance, individually evaluated for impairment	22,115	30,862
Ending loan balance, collectively evaluated for impairment	732,146	722,772
Ending loan balance, total	$ 754,261	$ 753,634	$ 758,636

Note 5 - Other Real Estate Ow49

Note 5 - Other Real Estate Owned (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Real Estate	$ 9,618	$ 8,839	$ 10,402
Other Real Estate, Foreclosed Assets, and Repossessed Assets	1,340
Mortgage Loans in Process of Foreclosure, Amount	$ 173

Note 5 - Change in OREO (Detail

Note 5 - Change in OREO (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Balance	$ 8,839	$ 10,402
Additions	2,183	7,536
Sales of OREO	(1,366)	(8,055)
Gains (Losses) on Sale	40	(591)
Provision for Losses	(78)	(453)
Balance	$ 9,618	$ 8,839

Note 6 - Deposits (Details Text

Note 6 - Deposits (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Deposit Liabilities Reclassified as Loans Receivable	$ 415	$ 272
Interest-bearing Domestic Deposit, Brokered	42,637	25,577
Time Deposits, $100,000 or More	136,156	141,900
Time Deposits 250000 Or More	$ 29,309	$ 31,755

Note 6 - Components of Interest

Note 6 - Components of Interest-bearing Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Interest-Bearing Demand	$ 405,485	$ 412,960
Savings	68,759	64,976
Time, $100,000 and Over	199,515	202,801
Other Time	190,933	196,931
	$ 864,692	$ 877,668

Note 6 - Maturities of Certific

Note 6 - Maturities of Certificates of Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
One Year and Under	$ 276,187	$ 287,423
One to Three Years	89,566	88,019
Three Years and Over	24,695	24,290
	$ 390,448	$ 399,732

Note 7 - Other Borrowed Money54

Note 7 - Other Borrowed Money (Details Textual)	Mar. 31, 2016USD ($)
Federal Reserve Bank Advances [Member]
Short-term Debt	$ 0
Minimum [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	1.47%
Maximum [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	3.51%
Long-term Line of Credit	$ 0
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	2,023
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 105,738,000
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds	135,822,000
Line of Credit Facility, Current Borrowing Capacity	$ 43,500,000

Note 7 - Other Borrowed Money55

Note 7 - Other Borrowed Money (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Federal Home Loan Bank Advances	$ 40,000,000	$ 40,000,000

Note 7 - Aggregate Stated Matur

Note 7 - Aggregate Stated Maturities of Other Borrowed Money (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
2,018	$ 2,500,000
2,019	5,000,000
2,020	2,500,000
After 2,020	30,000,000
	$ 40,000,000	$ 40,000,000

Note 8 - Preferred Stock and 57

Note 8 - Preferred Stock and Warrants (Details Textual) - $ / shares	12 Months Ended
	Dec. 31, 2015	Mar. 31, 2016
Series A Preferred Stock [Member]
Preferred Stock, Shares Issued		18,021
Stock Redeemed or Called During Period, Shares	9,979
Preferred Stock, Redemption Price Per Share	$ 1,000
Preferred Stock, Shares Issued	18,021	18,021
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		500,000
Preferred Stock, Liquidation Preference Per Share		$ 1,000
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 8.40

Note 9 - Subordinated Debentu58

Note 9 - Subordinated Debentures (Details) - Trust Preferred Securities Subject to Mandatory Redemption [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Colony Bankcorp Statutory Trust III [Member] | London Interbank Offered Rate (LIBOR) [Member]
3 month LIBOR rate	0.64195%
Added points	2.68%
Colony Bankcorp Statutory Trust III [Member]
Issuance date	Jun. 17, 2004
Debt amount	$ 4,640
Total interest rate	3.32195%
Maturity date	Jun. 14, 2034
5 year call option	Jun. 17, 2009
Colony Bankcorp Capital Trust I [Member] | London Interbank Offered Rate (LIBOR) [Member]
3 month LIBOR rate	0.63085%
Added points	1.50%
Colony Bankcorp Capital Trust I [Member]
Issuance date	Apr. 13, 2006
Debt amount	$ 5,155
Total interest rate	2.13085%
Maturity date	Apr. 13, 2036
5 year call option	Apr. 13, 2011
Colony Bankcorp Capital Trust II [Member] | London Interbank Offered Rate (LIBOR) [Member]
3 month LIBOR rate	0.6286%
Added points	1.65%
Colony Bankcorp Capital Trust II [Member]
Issuance date	Mar. 12, 2007
Debt amount	$ 9,279
Total interest rate	2.2786%
Maturity date	Mar. 12, 2037
5 year call option	Mar. 12, 2012
Colony Bankcorp Capital Trust III [Member] | London Interbank Offered Rate (LIBOR) [Member]
3 month LIBOR rate	0.6156%
Added points	1.40%
Colony Bankcorp Capital Trust III [Member]
Issuance date	Sep. 14, 2007
Debt amount	$ 5,155
Total interest rate	2.0156%
Maturity date	Sep. 14, 2037
5 year call option	Sep. 14, 2012

Note 10 - Commitments and Con59

Note 10 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Jul. 31, 2015
Construction [Member]
Other Commitment		$ 1.2
Expiration Period Of Letter Of Credit Issued	1 year

Note 10 - Financial Instruments

Note 10 - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Loan Origination Commitments [Member]
Loan Commitments	$ 80,935	$ 67,889
Letters of Credit	$ 1,454	$ 1,588

Note 11 - Fair Value of Finan61

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Details Textual)	Mar. 31, 2016
Discounted Rate To Account For Selling And Marketing Costs	10.00%

Note 11 - Financial Instruments

Note 11 - Financial Instruments (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]
Cash and Short-Term Investments	$ 48,912,000	$ 60,872,000
Available for sale securities, fair value	308,840,000	296,149,000
Federal Home Loan Bank Stock	2,755,000	2,731,000
Loans, Net	745,279,000	750,412,000
Bank-Owned Life Insurance	14,985,000	14,830,000
Deposits	1,001,576,000	1,013,111,000
Subordinated Debentures	24,229,000	24,229,000
Other Borrowed Money	41,640,000	40,421,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and Short-Term Investments	48,912,000	60,872,000
Federal Home Loan Bank Stock	2,755,000	2,731,000
Bank-Owned Life Insurance	14,985,000	14,830,000
Deposits	609,595,000	611,822,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities, fair value	307,911,000	295,219,000
Loans, Net	739,092,000	741,867,000
Deposits	391,981,000	401,289,000
Subordinated Debentures	24,229,000	24,229,000
Other Borrowed Money	41,640,000	40,421,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities, fair value	929,000	$ 930,000
Federal Home Loan Bank Stock
Loans, Net	6,187,000	$ 8,545,000
Fair Value, Measurements, Recurring [Member]
Cash and Short-Term Investments	48,912,000	60,872,000
Available for sale securities, fair value	308,840,000	296,149,000
Federal Home Loan Bank Stock	2,755,000	2,731,000
Loans, Net	744,356,000	749,675,000
Bank-Owned Life Insurance	14,985,000	14,830,000
Deposits	1,000,043,000	1,011,554,000
Subordinated Debentures	24,229,000	24,229,000
Federal Home Loan Bank Advances	40,000,000	40,000,000
Available for sale securities, fair value	308,840,000	296,149,000
Federal Home Loan Bank Stock	2,755,000	2,731,000
Deposits	1,000,043,000	1,011,554,000
Subordinated Debentures	24,229,000	24,229,000
Federal Home Loan Bank Advances	$ 40,000,000	$ 40,000,000

Note 11 - Assets and Liabilitie

Note 11 - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 2 [Member]
State, County and Municipal	$ 303,810	$ 291,050
Assets, fair value, recurring	303,810	291,050
Nonrecurring
State, County and Municipal	303,810	291,050
US Government Agencies Debt Securities [Member] | Available-for-sale Securities [Member]
State, County and Municipal	303,810	291,050
Assets, fair value, recurring	303,810	291,050
Nonrecurring
State, County and Municipal	303,810	291,050
US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 2 [Member]
State, County and Municipal	4,101	4,169
Assets, fair value, recurring	4,101	4,169
Nonrecurring
State, County and Municipal	4,101	4,169
US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member]
State, County and Municipal	929	930
Assets, fair value, recurring	929	930
Nonrecurring
State, County and Municipal	929	930
US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member]
State, County and Municipal	5,030	5,099
Assets, fair value, recurring	5,030	5,099
Nonrecurring
State, County and Municipal	5,030	5,099
Available-for-sale Securities [Member] | Fair Value, Inputs, Level 2 [Member]
State, County and Municipal	307,911	295,219
Assets, fair value, recurring	307,911	295,219
Nonrecurring
State, County and Municipal	307,911	295,219
Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member]
State, County and Municipal	929	930
Assets, fair value, recurring	929	930
Nonrecurring
State, County and Municipal	929	930
Available-for-sale Securities [Member]
State, County and Municipal	308,840	296,149
Assets, fair value, recurring	308,840	296,149
Nonrecurring
State, County and Municipal	308,840	296,149
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Nonrecurring
Assets, fair value, nonrecurring	6,187	8,545
Fair Value, Inputs, Level 3 [Member] | Other Real Estate [Member]
Nonrecurring
Assets, fair value, nonrecurring	2,941	2,536
Impaired Loans [Member]
Nonrecurring
Assets, fair value, nonrecurring	6,187	8,545
Other Real Estate [Member]
Nonrecurring
Assets, fair value, nonrecurring	$ 2,941	$ 2,536

Note 11 - Quantitative Informat

Note 11 - Quantitative Information for Financial Instruments Measured at Fair Value (Details) - Fair Value, Inputs, Level 3 [Member] - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Market Approach Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs, Comparability Adjustments	(31.77%)	(31.77%)
Fair Value Inputs, Management Adjustments	0.00%	0.00%
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Market Approach Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs, Comparability Adjustments	34.00%	34.00%
Fair Value Inputs, Management Adjustments	10.00%	10.00%
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member]
Fair Value Inputs, Comparability Adjustments	1.12%	1.12%
Fair Value Inputs, Management Adjustments	5.00%	5.00%
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Market Approach Valuation Technique [Member]
Assets measured at fair value	$ 24	$ 28
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Income Approach Valuation Technique [Member] | Weighted Average [Member]
Fair Value Inputs, Cap Rate	11.00%	11.00%
Real Estate Portfolio Segment [Member] | Commercial [Member] | Market Approach Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs, Comparability Adjustments	(31.77%)	(31.77%)
Fair Value Inputs, Management Adjustments	0.00%	0.00%
Real Estate Portfolio Segment [Member] | Commercial [Member] | Market Approach Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs, Comparability Adjustments	34.00%	34.00%
Fair Value Inputs, Management Adjustments	90.00%	10.00%
Real Estate Portfolio Segment [Member] | Commercial [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member]
Fair Value Inputs, Comparability Adjustments	1.12%	1.12%
Fair Value Inputs, Management Adjustments	45.00%	5.00%
Real Estate Portfolio Segment [Member] | Commercial [Member] | Market Approach Valuation Technique [Member]
Assets measured at fair value	$ 5,325	$ 7,348
Real Estate Portfolio Segment [Member] | Commercial [Member] | Income Approach Valuation Technique [Member] | Weighted Average [Member]
Fair Value Inputs, Cap Rate	10.33%	10.25%
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Market Approach Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs, Comparability Adjustments	(5.00%)	(5.00%)
Fair Value Inputs, Management Adjustments	0.00%	0.00%
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Market Approach Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs, Comparability Adjustments	99.00%	99.00%
Fair Value Inputs, Management Adjustments	10.00%	10.00%
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member]
Fair Value Inputs, Comparability Adjustments	47.00%	47.00%
Fair Value Inputs, Management Adjustments	5.00%	5.00%
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Market Approach Valuation Technique [Member]
Assets measured at fair value	$ 51	$ 51
Real Estate Portfolio Segment [Member] | Residential [Member] | Market Approach Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs, Comparability Adjustments	(22.00%)	(22.00%)
Fair Value Inputs, Management Adjustments	0.00%	0.00%
Real Estate Portfolio Segment [Member] | Residential [Member] | Market Approach Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs, Comparability Adjustments	0.00%	10.80%
Fair Value Inputs, Management Adjustments	40.00%	25.00%
Real Estate Portfolio Segment [Member] | Residential [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member]
Fair Value Inputs, Comparability Adjustments	(11.00%)	5.60%
Fair Value Inputs, Management Adjustments	20.00%	12.50%
Real Estate Portfolio Segment [Member] | Residential [Member] | Market Approach Valuation Technique [Member]
Assets measured at fair value	$ 436	$ 767
Real Estate Portfolio Segment [Member] | Farmland [Member] | Market Approach Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs, Comparability Adjustments	(27.00%)	(27.00%)
Fair Value Inputs, Management Adjustments	10.00%	10.00%
Real Estate Portfolio Segment [Member] | Farmland [Member] | Market Approach Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs, Comparability Adjustments	15.00%	15.00%
Fair Value Inputs, Management Adjustments	75.00%	75.00%
Real Estate Portfolio Segment [Member] | Farmland [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member]
Fair Value Inputs, Comparability Adjustments	(6.00%)	(6.00%)
Fair Value Inputs, Management Adjustments	42.50%	42.50%
Real Estate Portfolio Segment [Member] | Farmland [Member] | Market Approach Valuation Technique [Member]
Assets measured at fair value	$ 351	$ 351
Market Approach Valuation Technique [Member] | Minimum [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Comparability Adjustments	(50.80%)	(50.80%)
Fair Value Inputs, Management Adjustments	0.62%	15.53%
Market Approach Valuation Technique [Member] | Maximum [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Comparability Adjustments	142.90%	142.90%
Fair Value Inputs, Management Adjustments	72.75%	72.75%
Market Approach Valuation Technique [Member] | Weighted Average [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Comparability Adjustments	46.05%	46.05%
Fair Value Inputs, Management Adjustments	29.23%	43.37%
Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member]
Assets measured at fair value	$ 2,941	$ 2,536
Income Approach Valuation Technique [Member] | Weighted Average [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Discount Rate	12.50%	12.50%

Note 11 - Fair Value Measuremen

Note 11 - Fair Value Measurement Using Significant Unobservable Inputs (Details) - Available-for-sale Securities [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Balance, available for sale securities	$ 930	$ 948
Unrealized Gains included in Other Comprehensive Income (Loss)	(1)	(18)
Balance, available for sale securities	$ 929	$ 930

Note 11 - Quantitative Inform66

Note 11 - Quantitative Information About Recurring Level 3 Fair Value Measurement (Details) - US States and Political Subdivisions Debt Securities [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
State, County and Municipal	$ 929
Fair Value Inputs, Discount Rate		[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 67

Note 12 - Regulatory Capital Matters (Details Textual)	Mar. 31, 2016
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets Rule 1	0.625%
Increase in Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	0.625%
Tier 1 Capital Conservation Buffer of Risk Weighted Assets	2.50%

Note 12 - Regulatory Capital In

Note 12 - Regulatory Capital Information (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Colony Bank [Member]
Capital	$ 130,136	$ 126,939
Capital to Risk-Weighted Assets	16.60%	15.99%
Capital Required for Capital Adequacy	$ 62,722	$ 63,500
Capital Required for Capital Adequacy to Risk-Weighted Assets	8.00%	8.00%
Capital Required to be Well Capitalized	$ 78,403	$ 79,375
Capital Requited to be Well Capitalized to Risk-Weighted Assets	10.00%	10.00%
Tier I Risk Based Capital	$ 120,587	$ 118,335
Tier I Risk Based Capital to Risk-Weighted Assets	15.38%	14.91%
Tier I Risk Based Capital Required for Capital Adequacy	$ 47,042	$ 47,625
Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets	6.00%	6.00%
Tier I Risk Based Capital Required to be Well Capitalized	$ 62,722	$ 63,500
Tier I Risk Based Capital Required to be Well Capitalized to Risk-Weighted Assets	8.00%	8.00%
Common Equity Tier I Risk Based Capital	$ 120,587	$ 118,335
Common Equity Tier I Risk Based Capital to Risk-Weighted Assets	15.38%	14.91%
Common Equity Tier I Risk Based Capital Required for Capital Adequacy	$ 35,281	$ 35,719
Common Equity Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets	4.50%	4.50%
Common Equity Tier I Risk Based Capital Required to Be Well Capitalized	$ 50,962	$ 51,594
Common Equity Tier I Risk Based Capital Required to Be Well Capitalized to Risk-Weighted Assets	6.50%	6.50%
Tier I Leverage Capital	$ 120,587	$ 118,335
Tier I Leverage Capital to Average Assets	10.34%	10.27%
Tier I Leverage Capital Required for Capital Adequacy	$ 46,633	$ 46,074
Tier I Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
Tier I Leverage Capital Required to Be Well Capitalized	$ 58,291	$ 57,592
Tier I Leverage Capital Required to Be Well Capitalized to Average Assets	5.00%	5.00%
Capital	$ 134,531	$ 131,948
Capital to Risk-Weighted Assets	17.13%	16.60%
Capital Required for Capital Adequacy	$ 62,813	$ 63,602
Capital Required for Capital Adequacy to Risk-Weighted Assets	8.00%	8.00%
Tier I Risk Based Capital	$ 124,982	$ 123,344
Tier I Risk Based Capital to Risk-Weighted Assets	15.92%	15.51%
Tier I Risk Based Capital Required for Capital Adequacy	$ 47,109	$ 47,702
Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets	6.00%	6.00%
Common Equity Tier I Risk Based Capital	$ 83,461	$ 81,823
Common Equity Tier I Risk Based Capital to Risk-Weighted Assets	10.63%	10.29%
Common Equity Tier I Risk Based Capital Required for Capital Adequacy	$ 35,332	$ 35,776
Common Equity Tier I Risk Based Capital Required for Capital Adequacy to Risk-Weighted Assets	4.50%	4.50%
Tier I Leverage Capital	$ 124,982	$ 123,344
Tier I Leverage Capital to Average Assets	10.70%	10.69%
Tier I Leverage Capital Required for Capital Adequacy	$ 46,707	$ 46,149
Tier I Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%

Note 13 - Earnings Per Share (D

Note 13 - Earnings Per Share (Details Textual) shares in Millions	3 Months Ended
	Mar. 31, 2015shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.5

Note 13 - Summary of Earnings P

Note 13 - Summary of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restricted Stock [Member]
Dilutive Effect of Potential Common Stock
Restricted Stock (in shares)
Warrant [Member]
Dilutive Effect of Potential Common Stock
Restricted Stock (in shares)	45,000
Net Income Available to Common Stockholders	$ 1,656	$ 1,253
Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share (in shares)	8,439,258	8,439,258
Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share (in shares)	8,483,727	8,439,258
Earnings Per Share - Basic (in dollars per share)	$ 0.20	$ 0.15
Earnings Per Share - Diluted (in dollars per share)	$ 0.20	$ 0.15

Note 14 - Accumulated Other C71

Note 14 - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Beginning Balance	$ (4,434)	$ (4,845)	$ (4,845)
Other Comprehensive Income (Loss) Before Reclassification	5,199		622
Amounts Reclassified from Accumulated Other Comprehensive Income	(1,768)		(211)
Net Current Period Other Comprehensive Income	3,431	$ 2,082	411
Ending Balance	$ (1,003)		$ (4,434)