Colony Bankcorp (CBAN) 10-Q 1 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 01, 2016
Document Information [Line Items]
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	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Cash and Cash Equivalents
Cash and Due from Banks	$ 17,803	$ 22,257
Interest-Bearing Deposits	13,872	38,615
Investment Securities
Available for Sale, at Fair Value	286,089	296,149
Federal Home Loan Bank Stock, at Cost	3,010	2,731
Loans	776,117	758,636
Allowance for Loan Losses	(9,203)	(8,604)
Unearned Interest and Fees	(382)	(357)
	766,532	749,675
Premises and Equipment	27,745	26,454
Other Real Estate (Net of Allowance of $1,509 and $1,582 as of September 30, 2016 and December 31, 2015, Respectively)	9,812	8,839
Other Intangible Assets	89	116
Other Assets	27,865	29,313
Total Assets	1,152,817	1,174,149
Deposits
Noninterest-Bearing	138,941	133,886
Interest-Bearing	839,649	877,668
	978,590	1,011,554
Borrowed Money
Subordinated Debentures	24,229	24,229
Federal Home Loan Bank Advances	46,000	40,000
	70,229	64,229
Other Liabilities	3,263	2,909
Stockholders' Equity
Preferred Stock, Stated Value $1,000 a Share; Authorized 10,000,000 Shares, Issued 14,360 Shares and 18,021 as of September 30, 2016 and December 31, 2015, Respectively	14,360	18,021
Common Stock, Par Value $1 a Share; Authorized 20,000,000 Shares, Issued 8,439,258 Shares as of September 30, 2016 and December 31, 2015	8,439	8,439
Paid-In Capital	29,145	29,145
Retained Earnings	49,582	44,286
Accumulated Other Comprehensive (Loss), Net of Tax Benefits	(791)	(4,434)
	100,735	95,457
Total Liabilities and Stockholders' Equity	$ 1,152,817	$ 1,174,149

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Other Real Estate, Allowance	$ 1,509	$ 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)	14,360	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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest Income
Loans, Including Fees	$ 9,810	$ 9,981	$ 29,135	$ 29,563
Federal Funds Sold				15
Deposits with Other Banks	18	17	79	58
U.S. Government Agencies	1,266	1,060	3,978	3,108
State, County and Municipal	30	28	97	78
Dividends on Other Investments	32	31	97	91
	11,156	11,117	33,386	32,913
Interest Expense
Deposits	1,187	1,210	3,580	3,648
Borrowed Money	413	410	1,269	1,319
	1,600	1,620	4,849	4,967
Net Interest Income	9,556	9,497	28,537	27,946
Provision for Loan Losses	354	250	1,062	741
Net Interest Income After Provision for Loan Losses	9,202	9,247	27,475	27,205
Noninterest Income
Service Charges on Deposits	1,128	1,133	3,185	3,184
Other Service Charges, Commissions and Fees	686	661	2,104	1,963
Mortgage Fee Income	254	138	507	385
Securities Gains (Losses)	256	9	385	12
Other	313	292	980	1,259
	2,637	2,233	7,161	6,803
Noninterest Expenses
Salaries and Employee Benefits	4,726	4,395	13,825	13,270
Occupancy and Equipment	1,025	1,026	2,967	3,036
Other	2,903	2,914	8,451	8,635
	8,654	8,335	25,243	24,941
Income Before Income Taxes	3,185	3,145	9,393	9,067
Income Taxes	927	945	2,907	2,799
Net Income	2,258	2,200	6,486	6,268
Preferred Stock Dividends	378	594	1,189	1,854
Net Income Available to Common Stockholders	$ 1,880	$ 1,606	$ 5,297	$ 4,414
Net Income Per Share of Common Stock
Basic (in dollars per share)	$ 0.22	$ 0.19	$ 0.63	$ 0.52
Diluted (in dollars per share)	0.22	0.19	0.62	0.52
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	8,439,258	8,439,258
Weighted Average Diluted Shares Outstanding (in shares)	8,506,268	8,466,285	8,495,752	8,449,057

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net Income	$ 2,258	$ 2,200	$ 6,486	$ 6,268
Other Comprehensive Income:
Gains (Losses) on Securities Arising During the Year	(1,182)	2,497	5,905	3,747
Tax Effect	402	(849)	(2,008)	(1,274)
Realized Gains on Sale of AFS Securities	(256)	(9)	(385)	(12)
Tax Effect	87	3	131	4
Net Current Period Other Comprehensive Income	(949)	1,642	3,643	2,465
Comprehensive Income	$ 1,309	$ 3,842	$ 10,129	$ 8,733

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 6,486	$ 6,268
Adjustments to Reconcile Net Income to Net Cash
Depreciation	1,178	1,237
Provision for Loan Losses	1,062	741
Securities (Gains)	(385)	(12)
Amortization and Accretion	1,142	1,391
(Gain) on Sale of Other Real Estate and Repossessions	(17)	(61)
Provision for Losses on Other Real Estate	126	431
Increase in Cash Surrender Value of Life Insurance	(416)	(132)
Loss on Sale of Premises & Equipment	80	11
Other Prepaids, Deferrals and Accruals, Net	340	928
	9,596	10,802
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of Investment Securities Available for Sale	(49,355)	(63,715)
Proceeds from Maturities, Calls, and Paydowns of Investment Securities: Available for Sale	39,022	40,840
Proceeds from Maturities, Calls, and Paydowns of Investment Securities: Held for Maturity		5
Proceeds from Sale of Investment Securities Available for Sale	25,210	28,274
Interest-Bearing Deposits in Other Banks	24,743	5,210
Net Loans to Customers	(21,968)	(25,631)
Purchase of Premises and Equipment	(2,635)	(776)
Proceeds from Sale of Other Real Estate and Repossessions	2,981	5,404
Federal Home Loan Bank Stock	(279)	100
Proceeds from Sale of Premises and Equipment	86	29
	17,805	(10,260)
CASH FLOWS FROM FINANCING ACTIVITIES
Noninterest-Bearing Customer Deposits	5,055	(2,547)
Interest-Bearing Customer Deposits	(38,019)	(18,722)
Dividends Paid for Preferred Stock	(1,230)	(1,908)
Redemption of Preferred Stock	(3,661)	(4,833)
Payments on Federal Home Loan Bank Advances	(4,000)	(27,000)
Proceeds from Federal Home Loan Bank Advances	10,000	27,000
	(31,855)	(28,010)
Net Decrease in Cash and Cash Equivalents	(4,454)	(27,468)
Cash and Cash Equivalents at Beginning of Period	22,257	44,605
Cash and Cash Equivalents at End of Period	$ 17,803	$ 17,137

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 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 the Company and its wholly-owned subsidiary, Colony Bank, Fitzgerald, Georgia (the Bank). All significant intercompany accounts have been eliminated in consolidation. The accounting and reporting policies of the Company conform to generally accepted accounting principles and practices utilized in the commercial banking industry. 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 nine months ended September 30, 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. The 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 have not affected previously reported stockholders’ equity or net income. Concentrations of Credit Risk Concentrations of credit risk can exist in relation to individual borrowers or groups of borrowers, certain types of collateral, certain types of industries, or certain geographic regions. The Company has a concentration in real estate loans as well as a geographic concentration that could pose an adverse credit risk, particularly with the current economic downturn in the real estate market. At September 30, 2016, approximately 85 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 collectability 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 collectability of principal. Loans are returned to an accrual status when factors indicating doubtful collectability 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. A TDR may cease being classified as impaired if the loan is subsequently modified at market terms and, has performed according to the modified terms for at least six months, and there has not been any prior principal forgiveness on a cumulative basis. Allowance for Loan Losses 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 inability to collect 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 collectability 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 $15,246 and $14,830 as of September 30, 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." ASU 2016-13, “Financial Instruments – Credit Losses. ”

Note 2 - Investment Securities

Note 2 - Investment Securities	9 Months Ended
	Sep. 30, 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 September 30, 2016 and December 31, 2015 are summarized as follows: September 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 282,681 $ 816 $ (2,116 ) $ 281,381 State, County & Municipal 4,607 101 - 4,708 $ 287,288 $ 917 $ (2,116 ) $ 286,089 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 September 30, 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 $ 346 $ 348 Due After One Year Through Five Years 1,662 1,685 Due After Five Years Through Ten Years 1,109 1,139 Due After Ten Years 1,490 1,536 $ 4,607 $ 4,708 Mortgage-Backed Securities 282,681 281,381 $ 287,288 $ 286,089 Proceeds from the sale of investments available for sale during the first nine months of 2016 totaled $25,210 compared to $28,274 for the first nine months of 2015. The sale of investments available for sale during the first nine months of 2016 resulted in gross realized gains of $392 and losses of $7. The sale of investments available for sale during the first nine months of 2015 resulted in gross realized gains of $208 and losses of $196. Investment securities having a carry value approximating $117,694 and $133,754 as of September 30, 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 September 30, 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 September 30, 2016 U. S. Government Agencies Mortgage-Backed $ 62,927 $ (301 ) $ 110,587 $ (1,815 ) $ 173,514 $ (2,116 ) $ 62,927 $ (301 ) $ 110,587 $ (1,815 ) $ 173,514 $ (2,116 ) 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 September 30, 2016, the debt securities with unrealized losses have depreciated 1.20 percent from the Company’s amortized cost basis. These securities are guaranteed by either the U.S. Government, other governments or U.S. corporations. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred and the results of reviews of the issuer’s financial condition. The unrealized losses are largely due to increases in market interest rates over the yields available at the time the underlying securities were purchased. As management has the ability to hold debt securities until maturity, or for the foreseeable future if classified as available-for-sale, no declines are deemed to be other than temporary.

Note 3 - Loans

Note 3 - Loans	9 Months Ended
	Sep. 30, 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 September 30, 2016 and December 31, 2015. September 30, 2016 December 31, 2015 Commercial and Agricultural Commercial $ 45,773 $ 47,782 Agricultural 26,547 19,193 Real Estate Commercial Construction 33,724 40,107 Residential Construction 10,325 9,413 Commercial 349,392 346,262 Residential 195,045 197,002 Farmland 73,801 61,780 Consumer and Other Consumer 20,378 20,605 Other 21,132 16,492 Total Loans $ 776,117 $ 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 September 30, 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 September 30, 2016, the Company did not have any loans classified as “doubtful” or a “loss”. September 30, 2016 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 43,042 $ 1,867 $ 864 $ 45,773 Agricultural 25,990 184 373 26,547 Real Estate Commercial Construction 32,191 268 1,265 33,724 Residential Construction 10,125 - 200 10,325 Commercial 325,699 7,685 16,008 349,392 Residential 176,480 7,012 11,553 195,045 Farmland 71,047 1,641 1,113 73,801 Consumer and Other Consumer 19,703 264 411 20,378 Other 21,132 - - 21,132 Total Loans $ 725,409 $ 18,921 $ 31,787 $ 776,117 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 September 30, 2016 and December 31, 2015: September 30, 2016 Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current Loans Total Loans Commercial and Agricultural Commercial $ 262 $ - $ 262 $ 646 $ 44,865 $ 45,773 Agricultural 67 - 67 281 26,199 26,547 Real Estate Commercial Construction 109 - 109 200 33,415 33,724 Residential Construction - - - - 10,325 10,325 Commercial 261 - 261 8,179 340,952 349,392 Residential 3,069 - 3,069 3,520 188,456 195,045 Farmland 172 - 172 919 72,710 73,801 Consumer and Other Consumer 235 1 236 241 19,901 20,378 Other - - - - 21,132 21,132 Total Loans $ 4,175 $ 1 $ 4,176 $ 13,986 $ 757,955 $ 776,117 December 31, 2015 Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current 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 September 30, 2016: September 30, 2016 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 646 $ 646 $ - $ 515 $ 15 $ 18 Agricultural 301 280 - 211 5 13 Commercial Construction 508 508 - 825 16 15 Residential Construction - - - - - - Commercial Real Estate 16,457 16,367 - 14,274 490 480 Residential Real Estate 5,321 4,995 - 4,704 56 178 Farmland 921 919 - 1,071 (4 ) 1 Consumer 241 241 - 214 7 9 Other - - - - - - 24,395 23,956 - 21,814 585 714 With An Allowance Recorded Commercial - - - 38 - - Agricultural - - - - - - Commercial Construction 73 73 22 74 - - Residential Construction - - - - - - Commercial Real Estate 8,316 8,316 2,470 8,308 177 173 Residential Real Estate 858 851 435 936 4 6 Farmland 382 382 33 385 16 14 Consumer - - - - - - Other - - - - - - 9,629 9,622 2,960 9,741 197 193 Total Commercial 646 646 - 553 15 18 Agricultural 301 280 - 211 5 13 Commercial Construction 581 581 22 899 16 15 Residential Construction - - - - - - Commercial Real Estate 24,773 24,683 2,470 22,582 667 653 Residential Real Estate 6,179 5,846 435 5,640 60 184 Farmland 1,303 1,301 33 1,456 12 15 Consumer 241 241 - 214 7 9 Other - - - - - - $ 34,024 $ 33,578 $ 2,960 $ 31,555 $ 782 $ 907 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 1,898 - 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 23,509 - 25,289 753 765 With An Allowance Recorded Commercial 123 123 95 100 2 3 Agricultural - - - - - - Commercial Construction 77 76 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 10,618 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 September 30, 2015: September 30, 2015 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 580 $ 573 $ - $ 562 $ 16 $ 19 Agricultural 174 156 - 158 (10 ) 10 Commercial Construction 7,726 2,736 - 3,191 17 17 Residential Construction - - - - - - Commercial Real Estate 14,412 14,412 - 15,533 412 418 Residential Real Estate 5,359 4,400 - 4,761 165 148 Farmland 1,398 1,397 - 1,419 1 2 Consumer 195 187 - 195 8 11 Other - - - 65 - - 29,844 23,861 - 25,884 609 625 With An Allowance Recorded Commercial 91 91 91 92 - - Agricultural - - - - - - Commercial Construction 78 78 14 97 - - Residential Construction - - - - - - Commercial Real Estate 6,941 6,282 243 5,912 132 123 Residential Real Estate 1,082 1,082 308 1,093 12 12 Farmland 390 390 57 392 16 16 Consumer - - - - - - Other - - - - - - 8,582 7,923 713 7,586 160 151 Total Commercial 671 664 91 654 16 19 Agricultural 174 156 - 158 (10 ) 10 Commercial Construction 7,804 2,814 14 3,288 17 17 Residential Construction - - - - - - Commercial Real Estate 21,353 20,694 243 21,445 544 541 Residential Real Estate 6,441 5,482 308 5,854 177 160 Farmland 1,788 1,787 57 1,811 17 18 Consumer 195 187 - 195 8 11 Other - - - 65 - - $ 38,426 $ 31,784 $ 713 $ 33,470 $ 769 $ 776 Troubled Debt Restructurings (TDRs) are troubled loans on which the original terms of the loan have been modified in favor of the borrower due to deterioration in the borrower’s financial condition. Each potential loan modification is reviewed individually and the terms of the loan are modified to meet the borrower’s specific circumstances at a point in time. Not all loan modifications are TDRs. Loan modifications are reviewed and approved by the Company’s senior lending staff, who then determine whether the loan meets the criteria for a TDR. Generally, the types of concessions granted to borrowers that are evaluated in determining whether a loan is classified as a TDR include: ● Interest rate reductions – Occur when the stated interest rate is reduced to a nonmarket rate or a rate the borrower would not be able to obtain elsewhere under similar circumstances. ● Amortization or maturity date changes – Result when the amortization period of the loan is extended beyond what is considered a normal amortization period for loans of similar type with similar collateral. ● Principal reductions – These are often the result of commercial real estate loan workouts where two new notes are created. The primary note is underwritten based upon our normal underwriting standards and is structured so that the projected cash flows are sufficient to repay the contractual principal and interest of the newly restructured note. The terms of the secondary note vary by situation and often involve that note being charged-off, or the principal and interest payments being deferred until after the primary note has been repaid. In situations where a portion of the note is charged-off during modification there is often no specific reserve allocated to those loans. This is due to the fact that the amount of the charge-off usually represents the excess of the original loan balance over the collateral value and the Company has determined there is no additional exposure on those loans. As discussed in Note 1, Summary of Significant Accounting Policies, once a loan is identified as a TDR, it is accounted for as an impaired loan. The Company had no unfunded commitments to lend to a customer that has a troubled debt restructured loan as of September 30, 2016. The following tables present the number of loan contracts restructured during the three month and nine month period ended September 30, 2016 and 2015. It shows the pre- and post-modification recorded investment as well as the number of contracts and the recorded investment for those TDRs modified during the previous twelve months which subsequently defaulted during the period. Loans modified in a troubled debt restructuring are considered to be in default once the loan becomes 90 days past due. A TDR may cease being classified as impaired if the loan is subsequently modified at market terms and, has performed according to the modified terms for at least six months, and there has not been any prior principal forgiveness on a cumulative basis. Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification # of Contracts Pre-Modification Post-Modification Residential Real Estate - $ - $ - 1 $ 91 $ 91 Total Loans - $ - $ - 1 $ 91 $ 91 Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification # of Contracts Pre-Modification Post-Modification Residential Real Estate 1 $ 226 $ 139 2 $ 1,106 $ 1,036 Total Loans $ 1 $ 226 $ 139 2 $ 1,106 $ 1,036 The company did not have any TDRs that subsequently defaulted for the three months and nine months ended September 30, 2016.

Note 4 - Allowance for Loan Los

Note 4 - Allowance for Loan Losses	9 Months Ended
	Sep. 30, 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 nine month period ended September 30, 2016 and September 30, 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. September 30, 2016 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 855 $ (291 ) $ 54 $ (127 ) $ 491 Agricultural 203 (18 ) 3 93 281 Real Estate Commercial Construction 691 (25 ) 813 (1,021 ) 458 Residential Construction 20 - - 2 22 Commercial 3,851 (992 ) 197 2,231 5,287 Residential 1,990 (243 ) 32 (114 ) 1,665 Farmland 912 - 137 (187 ) 862 Consumer and Other Consumer 63 (180 ) 44 176 103 Other 19 - 6 9 34 $ 8,604 $ (1,749 ) $ 1,286 $ 1,062 $ 9,203 September 30, 2015 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 497 $ (257 ) $ 45 $ 17 $ 302 Agricultural 304 (5 ) 3 4 306 Real Estate Commercial Construction 1,223 (96 ) 282 282 1,691 Residential Construction 138 - - - 138 Commercial 3,665 (275 ) 138 296 3,824 Residential 2,425 (910 ) 95 85 1,695 Farmland 104 (40 ) 10 3 77 Consumer and Other Consumer 67 (167 ) 47 53 - Other 379 (26 ) 15 1 369 $ 8,802 $ (1,776 ) $ 635 $ 741 $ 8,402 For the year ended December 31, 2015 the Company’s historical loss ratio within the ALLL calculation was based on a rolling 8 quarter historical loss period. During the first quarter of 2016 Company management implemented a change to its allowance for loan loss methodology by expanding the historical loss period from a rolling 8 quarters to 16 quarters. Management believes the longer historical loss period better reflects the current and expected loss behavior of the loan portfolio within the current credit cycle. The transition to a rolling 16 quarter loss period will be complete in the first quarter of 2017. As of September 30, 2016, this change in the historical loss period resulted in an increase to the allowance for loan losses of $986,000. Management continually evaluates the allowance for loan losses methodology seeking to refine and enhance this process as appropriate, and it is likely that the methodology will continue to evolve over time. 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. At September 30, 2016, there were 160 impaired loans totaling $4.6 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 September 30, 2015, there were 156 impaired loans totaling $3.9 million which 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. Since not all loans in the substandard category are considered impaired, this quarterly review process may result in the identification of specific reserves on unimpaired 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 $12.45 million and $14.03 million as of September 30, 2016 and 2015, respectively. Specific allowance allocations were made for these loans totaling $742 thousand and $1.3 million as of September 30, 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. The following tables present breakdowns of the allowance for loan losses, segregated by impairment methodology for September 30, 2016 and 2015: September 30, 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 $ - $ 491 $ 491 $ 8 $ 45,765 $ 45,773 Agricultural - 281 281 - 26,547 26,547 Real Estate Commercial Construction 22 436 458 380 33,344 33,724 Residential Construction - 22 22 - 10,325 10,325 Commercial 2,470 2,817 5,287 24,363 325,029 349,392 Residential 435 1,230 1,665 3,200 191,845 195,045 Farmland 33 829 862 1,047 72,754 73,801 Consumer and Other Consumer - 103 103 - 20,378 20,378 Other - 34 34 - 21,132 21,132 Total End of Period Balance $ 2,960 $ 6,243 $ 9,203 $ 28,998 $ 747,119 $ 776,117 September 30, 2015 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ 91 $ 211 $ 302 $ 91 $ 48,668 $ 48,759 Agricultural - 306 306 8 27,365 27,373 Real Estate Commercial Construction 14 1,677 1,691 2,694 40,895 43,589 Residential Construction - 138 138 - 10,465 10,465 Commercial 243 3,581 3,824 20,049 327,654 347,703 Residential 308 1,387 1,695 3,380 192,420 195,800 Farmland 57 20 77 1,695 59,856 61,551 Consumer and Other Consumer - - - - 20,958 20,958 Other - 369 369 - 8,006 8,006 Total End of Period Balance $ 713 $ 7,689 $ 8,402 $ 27,917 $ 736,287 $ 764,204

Note 5 - Other Real Estate Owne

Note 5 - Other Real Estate Owned	9 Months Ended
	Sep. 30, 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 September 30, 2016 and December 31, 2015 was $9,812 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 nine months ended September 30, 2016 and the year ended December 31, 2015. Nine Months Ended Twelve Months Ended September 30, 2016 December 31, 2015 Balance, Beginning $ 8,839 $ 10,402 Additions 3,953 7,536 Sales of OREO (2,877 ) (8,055 ) Gains (Losses) on Sale 23 (591 ) Provision for Losses (126 ) (453 ) Balance, Ending $ 9,812 $ 8,839 At September 30, 2016, the Company held $922 thousand of residential real estate property as foreclosed property compared to $1.03 million as of December 31, 2015. Also at September 30, 2016, $1.15 million of consumer mortgage loans collateralized by residential real estate property were in the process of foreclosure according to local requirements of the applicable jurisdictions. At December 31, 2015, only $159 thousand of consumer mortgage loans collateralized by residential real estate property were in the process of foreclosure according to local requirements of the applicable jurisdictions.

Note 6 - Deposits

Note 6 - Deposits	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	(6 ) Deposits The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled $392 and $272 as of September 30, 2016 and December 31, 2015. Components of interest-bearing deposits as of September 30, 2016 and December 31, 2015 are as follows: Nine Months Ended Twelve Months Ended September 30, 2016 December 31, 2015 Interest-Bearing Demand $ 395,614 $ 412,960 Savings 69,060 64,976 Time, $100,000 and Over 188,185 202,801 Other Time 186,790 196,931 $ 839,649 $ 877,668 At September 30, 2016 and December 31, 2015, the Company had brokered deposits of $43,232 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 $129,418 and $141,900 as of September 30, 2016 and December 31, 2015, respectively. The aggregate amount of certificates of deposit, each with a minimum deposit of $250,000 was $30,204 and $31,755 as of September 30, 2016 and December 31, 2015. As of September 30, 2016 and December 31, 2015, the scheduled maturities of certificates of deposits are as follows: Maturity September 30, 2016 December 31, 2015 One Year and Under $ 267,245 $ 287,423 One to Three Years 83,978 88,019 Three Years and Over 23,752 24,290 $ 374,975 $ 399,732

Note 7 - Other Borrowed Money

Note 7 - Other Borrowed Money	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	( 7 ) Other Borrowed Money Other borrowed money at September 30, 2016 and December 31, 2015 is summarized as follows: September 30, 2016 December 31, 2015 Federal Home Loan Bank Advances $ 46,000 $ 40,000 Advances from the Federal Home Loan Bank (FHLB) have maturities ranging from 2018 to 2026 and interest rates ranging from 0.98 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 September 30, 2016 the book value of those loans pledged is $106,506. At September 30, 2016 the Company had remaining credit availability from the FHLB of $240,282. The Company may be required to pledge additional qualifying collateral in order to utilize the full amount of the remaining credit line. The aggregate stated maturities of other borrowed money at September 30, 2016 are as follows: Year Amount 2018 $ 2,500 2019 5,000 2020 2,500 After 2020 36,000 $ 46,000 The Company has the ability to borrow funds from the Federal Reserve Bank (FRB) of Atlanta utilizing the discount window. The discount window is an instrument of monetary policy that allows eligible institutions to borrow money from the FRB on a short-term basis to meet temporary liquidity shortages caused by internal or external disruptions. At September 30, 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	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Preferred Stock And Warrants [Text Block]	( 8 ) Preferred Stock and Warrants The Company had 14,360 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A (the Preferred Stock) issued and outstanding with private investors as of September 30, 2016. The Company redeemed 3,661 shares of Preferred Stock at $1,000 per share in August 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)	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Subordinated Borrowings Disclosure [Text Block]	( 9 ) Subordinated Debentures (Trust Preferred Securities) 3 Month Added Total 5 Year Description Date Amount Libor Rate Points Rate Maturity Call Option Colony Bankcorp Statutory Trust III 6/17/2004 $ 4,640 0.85656 2.68 3.53656 6/14/2034 6/17/2009 Colony Bankcorp Capital Trust I 4/13/2006 5,155 0.83769 1.50 2.33769 4/13/2036 4/13/2011 Colony Bankcorp Capital Trust II 3/12/2007 9,279 0.83769 1.65 2.48769 3/12/2037 3/12/2012 Colony Bankcorp Capital Trust III 9/14/2007 5,155 0.75650 1.40 2.15650 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	9 Months Ended
	Sep. 30, 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. We evaluate each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held varies, but may include cash or cash equivalents, negotiable instruments, real estate, accounts receivable, inventory, oil, gas and mineral interests, property, plant, and equipment. At September 30, 2016 and December 31, 2015 the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount September 30, 2016 December 31, 2015 Loan Commitments $ 74,910 $ 67,889 Letters of Credit 1,466 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	9 Months Ended
	Sep. 30, 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 fair value. The assumptions used in the estimation of the fair value of Colony Bankcorp, Inc. and Subsidiary’s financial instruments are detailed hereafter. Where quoted prices are not available, fair values are based on estimates using discounted cash flows and other valuation techniques. The use of discounted cash flows can be significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. The following disclosures should not be considered a surrogate of the liquidation value of the Company, but rather a good-faith estimate of the increase or decrease in value of financial instruments held by the Company since purchase, origination or issuance. Cash and Short-Term Investments Investment Securities Federal Home Loan Bank Stock Loans Bank-Owned Life Insurance – Deposit Liabilities Subordinated Debentures Other Borrowed Money Disclosures of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis, are required in the financial statements. The carrying amount, estimated fair values, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2016 and December 31, 2015 are as follows: Fair Value Measurements at September 30, 2016 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 31,675 $ 31,675 $ 31,675 $ - $ - Investment Securities Available for Sale 286,089 286,089 - 285,493 596 Federal Home Loan Bank Stock 3,010 3,010 3,010 - - Loans, Net 766,532 767,161 - 760,499 6,662 Bank-Owned Life Insurance 15,246 15,246 15,246 - - Liabilities Deposits 978,590 979,967 603,615 376,352 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 46,000 46,541 - 46,541 - 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 and Nonrecurring Basis – Fair Value Measurements at Reporting Date Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs September 30, 2016 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale Mortgage-Backed $ 281,381 $ - $ 281,381 $ - State, County and Municipal 4,708 - 4,112 596 $ 286,089 $ - $ 285,493 $ 596 Nonrecurring Impaired Loans $ 6,662 $ - $ - $ 6,662 Other Real Estate $ 2,850 $ - $ - $ 2,850 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 September 30, 2016 and December 31, 2015. This table is comprised primarily of collateral dependent impaired loans and other real estate owned: Valuation Unobservable Range September 30, 2016 Techniques Inputs Weighted Avg 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 416 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 5,846 Sales Comparison Adjustment for Differences (14.08 )% - 24.62% Between the Comparable Sales 5.27% Management Adjustments for 0.00% - 100.00% Age of Appraisals and/or Current 50.00% Market Conditions Income Approach Capitalization Rate 10.67 Farmland 349 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 2,850 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% Valuation Unobservable Range December 31, 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 nine months ended September 30, 2016 and the twelve months ended December 31, 2015. Available for Sale Securities September 30, 2016 December 31, 2015 Balance, Beginning $ 930 $ 948 Transfers out of Level 3 - - Maturities (330 ) - Loss on OTTI Impairment Included - in Noninterest Income - - Unrealized Gains included in Other Comprehensive Income (Loss) (4 ) (18 ) Balance, Ending $ 596 $ 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 nine months ended September 30, 2016 and the twelve months ended December 31, 2015. The following table presents quantitative information about recurring level 3 fair value measurements as of September 30, 2016. Valuation Unobservable Range Fair Value Techniques Inputs Weighted Avg State, County and Municipal $ 596 Discounted Cash Flow Discount Rate N/A* * The Company relies on a third-party pricing service to value its municipal securities. The details of the unobservable inputs and other adjustments used by the third-party pricing service were not readily available to the Company.

Note 12 - Regulatory Capital Ma

Note 12 - Regulatory Capital Matters	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, 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 September 30, 2016 and December 31, 2015 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for September 30, 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 September 30 , 2016 Total Capital to Risk-Weighted Assets Consolidated $ 134,175 16.95 % $ 63,312 8.00 % N/A N/A Colony Bank 130,022 16.45 63,223 8.00 $ 79,029 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 124,972 15.79 47,484 6.00 N/A N/A Colony Bank 120,819 15.29 47,417 6.00 63,223 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 87,112 11.01 35,613 4.50 N/A N/A Colony Bank 120,819 15.29 35,563 4.50 51,369 6.50 Tier I Capital to Average Assets Consolidated 124,972 10.85 46,077 4.00 N/A N/A Colony Bank 120,819 10.51 46,002 4.00 57,502 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	9 Months Ended
	Sep. 30, 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 and nine month period ended September 30, 2016 and 2015: Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Numerator Net Income Available to Common Stockholders $ 1,880 $ 1,606 $ 5,297 $ 4,414 Denominator Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share 8,439 8,439 8,439 8,439 Dilutive Effect of Potential Common Stock Restricted Stock - - - - Stock Warrants 67 27 57 10 Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share 8,506 8,466 8,496 8,449 Earnings Per Share - Basic $ 0.22 $ 0.19 $ 0.63 $ 0.52 Earnings Per Share - Diluted $ 0.22 $ 0.19 $ 0.62 $ 0.52

Note 14 - Accumulated Other Com

Note 14 - Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 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 September 30, 2016 and the year ended December 31, 2015 are as follows: September 30, 2016 December 31, 2015 Beginning Balance $ (4,434 ) $ (4,845 ) Other Comprehensive Income Before Reclassification 3,897 403 Amounts Reclassified from Accumulated Other Comprehensive Income (254 ) 8 Net Current Period Other Comprehensive Income 3,643 411 Ending Balance $ (791 ) $ (4,434 )

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 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 the Company and its wholly-owned subsidiary, Colony Bank, Fitzgerald, Georgia (the Bank). All significant intercompany accounts have been eliminated in consolidation. The accounting and reporting policies of the Company conform to generally accepted accounting principles and practices utilized in the commercial banking industry. 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 nine months ended September 30, 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. The 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 have not affected previously reported stockholders’ equity or net income.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk Concentrations of credit risk can exist in relation to individual borrowers or groups of borrowers, certain types of collateral, certain types of industries, or certain geographic regions. The Company has a concentration in real estate loans as well as a geographic concentration that could pose an adverse credit risk, particularly with the current economic downturn in the real estate market. At September 30, 2016, approximately 85 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 collectability 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 collectability of principal. Loans are returned to an accrual status when factors indicating doubtful collectability 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. 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.
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 inability to collect 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 collectability 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 $15,246 and $14,830 as of September 30, 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." ASU 2016-13, “Financial Instruments – Credit Losses. ”

Note 1 - Summary of Significa22

Note 1 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 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)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Marketable Securities [Table Text Block]	September 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Securities Available for Sale: U. S. Government Agencies Mortgage-Backed $ 282,681 $ 816 $ (2,116 ) $ 281,381 State, County & Municipal 4,607 101 - 4,708 $ 287,288 $ 917 $ (2,116 ) $ 286,089 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 $ 346 $ 348 Due After One Year Through Five Years 1,662 1,685 Due After Five Years Through Ten Years 1,109 1,139 Due After Ten Years 1,490 1,536 $ 4,607 $ 4,708 Mortgage-Backed Securities 282,681 281,381 $ 287,288 $ 286,089
Schedule of Unrealized Loss on Investments [Table Text Block]	Less Than 12 Months 12 Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses September 30, 2016 U. S. Government Agencies Mortgage-Backed $ 62,927 $ (301 ) $ 110,587 $ (1,815 ) $ 173,514 $ (2,116 ) $ 62,927 $ (301 ) $ 110,587 $ (1,815 ) $ 173,514 $ (2,116 ) 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)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, 2016 December 31, 2015 Commercial and Agricultural Commercial $ 45,773 $ 47,782 Agricultural 26,547 19,193 Real Estate Commercial Construction 33,724 40,107 Residential Construction 10,325 9,413 Commercial 349,392 346,262 Residential 195,045 197,002 Farmland 73,801 61,780 Consumer and Other Consumer 20,378 20,605 Other 21,132 16,492 Total Loans $ 776,117 $ 758,636
Financing Receivable Credit Quality Indicators [Table Text Block]	September 30, 2016 Pass Special Mention Substandard Total Loans Commercial and Agricultural Commercial $ 43,042 $ 1,867 $ 864 $ 45,773 Agricultural 25,990 184 373 26,547 Real Estate Commercial Construction 32,191 268 1,265 33,724 Residential Construction 10,125 - 200 10,325 Commercial 325,699 7,685 16,008 349,392 Residential 176,480 7,012 11,553 195,045 Farmland 71,047 1,641 1,113 73,801 Consumer and Other Consumer 19,703 264 411 20,378 Other 21,132 - - 21,132 Total Loans $ 725,409 $ 18,921 $ 31,787 $ 776,117 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]	September 30, 2016 Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current Loans Total Loans Commercial and Agricultural Commercial $ 262 $ - $ 262 $ 646 $ 44,865 $ 45,773 Agricultural 67 - 67 281 26,199 26,547 Real Estate Commercial Construction 109 - 109 200 33,415 33,724 Residential Construction - - - - 10,325 10,325 Commercial 261 - 261 8,179 340,952 349,392 Residential 3,069 - 3,069 3,520 188,456 195,045 Farmland 172 - 172 919 72,710 73,801 Consumer and Other Consumer 235 1 236 241 19,901 20,378 Other - - - - 21,132 21,132 Total Loans $ 4,175 $ 1 $ 4,176 $ 13,986 $ 757,955 $ 776,117 December 31, 2015 Accruing Loans 90 Days 30-89 Days or More Total Accruing Nonaccrual Past Due Past Due Loans Past Due Loans Current 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]	September 30, 2016 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 646 $ 646 $ - $ 515 $ 15 $ 18 Agricultural 301 280 - 211 5 13 Commercial Construction 508 508 - 825 16 15 Residential Construction - - - - - - Commercial Real Estate 16,457 16,367 - 14,274 490 480 Residential Real Estate 5,321 4,995 - 4,704 56 178 Farmland 921 919 - 1,071 (4 ) 1 Consumer 241 241 - 214 7 9 Other - - - - - - 24,395 23,956 - 21,814 585 714 With An Allowance Recorded Commercial - - - 38 - - Agricultural - - - - - - Commercial Construction 73 73 22 74 - - Residential Construction - - - - - - Commercial Real Estate 8,316 8,316 2,470 8,308 177 173 Residential Real Estate 858 851 435 936 4 6 Farmland 382 382 33 385 16 14 Consumer - - - - - - Other - - - - - - 9,629 9,622 2,960 9,741 197 193 Total Commercial 646 646 - 553 15 18 Agricultural 301 280 - 211 5 13 Commercial Construction 581 581 22 899 16 15 Residential Construction - - - - - - Commercial Real Estate 24,773 24,683 2,470 22,582 667 653 Residential Real Estate 6,179 5,846 435 5,640 60 184 Farmland 1,303 1,301 33 1,456 12 15 Consumer 241 241 - 214 7 9 Other - - - - - - $ 34,024 $ 33,578 $ 2,960 $ 31,555 $ 782 $ 907 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 1,898 - 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 23,509 - 25,289 753 765 With An Allowance Recorded Commercial 123 123 95 100 2 3 Agricultural - - - - - - Commercial Construction 77 76 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 10,618 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 September 30, 2015 Unpaid Contractual Average Interest Interest Principal Impaired Related Recorded Income Income Balance Balance Allowance Investment Recognized Collected With No Related Allowance Recorded Commercial $ 580 $ 573 $ - $ 562 $ 16 $ 19 Agricultural 174 156 - 158 (10 ) 10 Commercial Construction 7,726 2,736 - 3,191 17 17 Residential Construction - - - - - - Commercial Real Estate 14,412 14,412 - 15,533 412 418 Residential Real Estate 5,359 4,400 - 4,761 165 148 Farmland 1,398 1,397 - 1,419 1 2 Consumer 195 187 - 195 8 11 Other - - - 65 - - 29,844 23,861 - 25,884 609 625 With An Allowance Recorded Commercial 91 91 91 92 - - Agricultural - - - - - - Commercial Construction 78 78 14 97 - - Residential Construction - - - - - - Commercial Real Estate 6,941 6,282 243 5,912 132 123 Residential Real Estate 1,082 1,082 308 1,093 12 12 Farmland 390 390 57 392 16 16 Consumer - - - - - - Other - - - - - - 8,582 7,923 713 7,586 160 151 Total Commercial 671 664 91 654 16 19 Agricultural 174 156 - 158 (10 ) 10 Commercial Construction 7,804 2,814 14 3,288 17 17 Residential Construction - - - - - - Commercial Real Estate 21,353 20,694 243 21,445 544 541 Residential Real Estate 6,441 5,482 308 5,854 177 160 Farmland 1,788 1,787 57 1,811 17 18 Consumer 195 187 - 195 8 11 Other - - - 65 - - $ 38,426 $ 31,784 $ 713 $ 33,470 $ 769 $ 776
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification # of Contracts Pre-Modification Post-Modification Residential Real Estate - $ - $ - 1 $ 91 $ 91 Total Loans - $ - $ - 1 $ 91 $ 91 Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 Troubled Debt Restructurings # of Contracts Pre-Modification Post-Modification # of Contracts Pre-Modification Post-Modification Residential Real Estate 1 $ 226 $ 139 2 $ 1,106 $ 1,036 Total Loans $ 1 $ 226 $ 139 2 $ 1,106 $ 1,036

Note 4 - Allowance for Loan L25

Note 4 - Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	September 30, 2016 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 855 $ (291 ) $ 54 $ (127 ) $ 491 Agricultural 203 (18 ) 3 93 281 Real Estate Commercial Construction 691 (25 ) 813 (1,021 ) 458 Residential Construction 20 - - 2 22 Commercial 3,851 (992 ) 197 2,231 5,287 Residential 1,990 (243 ) 32 (114 ) 1,665 Farmland 912 - 137 (187 ) 862 Consumer and Other Consumer 63 (180 ) 44 176 103 Other 19 - 6 9 34 $ 8,604 $ (1,749 ) $ 1,286 $ 1,062 $ 9,203 September 30, 2015 Beginning Ending Balance Charge-Offs Recoveries Provision Balance Commercial and Agricultural Commercial $ 497 $ (257 ) $ 45 $ 17 $ 302 Agricultural 304 (5 ) 3 4 306 Real Estate Commercial Construction 1,223 (96 ) 282 282 1,691 Residential Construction 138 - - - 138 Commercial 3,665 (275 ) 138 296 3,824 Residential 2,425 (910 ) 95 85 1,695 Farmland 104 (40 ) 10 3 77 Consumer and Other Consumer 67 (167 ) 47 53 - Other 379 (26 ) 15 1 369 $ 8,802 $ (1,776 ) $ 635 $ 741 $ 8,402
Schedule of Allowance for Loan Losses by Portfolio Segment [Table Text Block]	September 30, 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 $ - $ 491 $ 491 $ 8 $ 45,765 $ 45,773 Agricultural - 281 281 - 26,547 26,547 Real Estate Commercial Construction 22 436 458 380 33,344 33,724 Residential Construction - 22 22 - 10,325 10,325 Commercial 2,470 2,817 5,287 24,363 325,029 349,392 Residential 435 1,230 1,665 3,200 191,845 195,045 Farmland 33 829 862 1,047 72,754 73,801 Consumer and Other Consumer - 103 103 - 20,378 20,378 Other - 34 34 - 21,132 21,132 Total End of Period Balance $ 2,960 $ 6,243 $ 9,203 $ 28,998 $ 747,119 $ 776,117 September 30, 2015 Ending Allowance Balance Ending Loan Balance Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Commercial and Agricultural Commercial $ 91 $ 211 $ 302 $ 91 $ 48,668 $ 48,759 Agricultural - 306 306 8 27,365 27,373 Real Estate Commercial Construction 14 1,677 1,691 2,694 40,895 43,589 Residential Construction - 138 138 - 10,465 10,465 Commercial 243 3,581 3,824 20,049 327,654 347,703 Residential 308 1,387 1,695 3,380 192,420 195,800 Farmland 57 20 77 1,695 59,856 61,551 Consumer and Other Consumer - - - - 20,958 20,958 Other - 369 369 - 8,006 8,006 Total End of Period Balance $ 713 $ 7,689 $ 8,402 $ 27,917 $ 736,287 $ 764,204

Note 5 - Other Real Estate Ow26

Note 5 - Other Real Estate Owned (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Other Real Estate, Roll Forward [Table Text Block]	Nine Months Ended Twelve Months Ended September 30, 2016 December 31, 2015 Balance, Beginning $ 8,839 $ 10,402 Additions 3,953 7,536 Sales of OREO (2,877 ) (8,055 ) Gains (Losses) on Sale 23 (591 ) Provision for Losses (126 ) (453 ) Balance, Ending $ 9,812 $ 8,839

Note 6 - Deposits (Tables)

Note 6 - Deposits (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Components Of Interest Bearing Deposits [Table Text Block]	Nine Months Ended Twelve Months Ended September 30, 2016 December 31, 2015 Interest-Bearing Demand $ 395,614 $ 412,960 Savings 69,060 64,976 Time, $100,000 and Over 188,185 202,801 Other Time 186,790 196,931 $ 839,649 $ 877,668
Scheduled Maturities Of Certificates Of Deposits [Table Text Block]	Maturity September 30, 2016 December 31, 2015 One Year and Under $ 267,245 $ 287,423 One to Three Years 83,978 88,019 Three Years and Over 23,752 24,290 $ 374,975 $ 399,732

Note 7 - Other Borrowed Money (

Note 7 - Other Borrowed Money (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, 2016 December 31, 2015 Federal Home Loan Bank Advances $ 46,000 $ 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 36,000 $ 46,000

Note 9 - Subordinated Debentu29

Note 9 - Subordinated Debentures (Trust Preferred Securities) (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Subordinated Borrowing [Table Text Block]	3 Month Added Total 5 Year Description Date Amount Libor Rate Points Rate Maturity Call Option Colony Bankcorp Statutory Trust III 6/17/2004 $ 4,640 0.85656 2.68 3.53656 6/14/2034 6/17/2009 Colony Bankcorp Capital Trust I 4/13/2006 5,155 0.83769 1.50 2.33769 4/13/2036 4/13/2011 Colony Bankcorp Capital Trust II 3/12/2007 9,279 0.83769 1.65 2.48769 3/12/2037 3/12/2012 Colony Bankcorp Capital Trust III 9/14/2007 5,155 0.75650 1.40 2.15650 9/14/2037 9/14/2012

Note 10 - Commitments and Con30

Note 10 - Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Summary Of Financial Instrument Outstanding [Table Text Block]	Contract Amount September 30, 2016 December 31, 2015 Loan Commitments $ 74,910 $ 67,889 Letters of Credit 1,466 1,588

Note 11 - Fair Value of Finan31

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 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 $ 596 Discounted Cash Flow Discount Rate N/A*
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at September 30, 2016 Carrying Estimated Level Level Level Value Fair Value 1 2 3 Assets Cash and Short-Term Investments $ 31,675 $ 31,675 $ 31,675 $ - $ - Investment Securities Available for Sale 286,089 286,089 - 285,493 596 Federal Home Loan Bank Stock 3,010 3,010 3,010 - - Loans, Net 766,532 767,161 - 760,499 6,662 Bank-Owned Life Insurance 15,246 15,246 15,246 - - Liabilities Deposits 978,590 979,967 603,615 376,352 - Subordinated Debentures 24,229 24,229 - 24,229 - Other Borrowed Money 46,000 46,541 - 46,541 - 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 Markets for Significant Other Unobservable Total Fair Identical Assets Observable Inputs September 30, 2016 Value (Level 1) Inputs (Level 2) (Level 3) Recurring Securities Available for Sale Mortgage-Backed $ 281,381 $ - $ 281,381 $ - State, County and Municipal 4,708 - 4,112 596 $ 286,089 $ - $ 285,493 $ 596 Nonrecurring Impaired Loans $ 6,662 $ - $ - $ 6,662 Other Real Estate $ 2,850 $ - $ - $ 2,850 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]	Valuation Unobservable Range September 30, 2016 Techniques Inputs Weighted Avg 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 416 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 5,846 Sales Comparison Adjustment for Differences (14.08 )% - 24.62% Between the Comparable Sales 5.27% Management Adjustments for 0.00% - 100.00% Age of Appraisals and/or Current 50.00% Market Conditions Income Approach Capitalization Rate 10.67 Farmland 349 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 2,850 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% Valuation Unobservable Range December 31, 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 September 30, 2016 December 31, 2015 Balance, Beginning $ 930 $ 948 Transfers out of Level 3 - - Maturities (330 ) - Loss on OTTI Impairment Included - in Noninterest Income - - Unrealized Gains included in Other Comprehensive Income (Loss) (4 ) (18 ) Balance, Ending $ 596 $ 930

Note 12 - Regulatory Capital 32

Note 12 - Regulatory Capital Matters (Tables)	9 Months Ended
	Sep. 30, 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 September 30 , 2016 Total Capital to Risk-Weighted Assets Consolidated $ 134,175 16.95 % $ 63,312 8.00 % N/A N/A Colony Bank 130,022 16.45 63,223 8.00 $ 79,029 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 124,972 15.79 47,484 6.00 N/A N/A Colony Bank 120,819 15.29 47,417 6.00 63,223 8.00 Common Equity Tier I Capital to Risk-Weighted Assets Consolidated 87,112 11.01 35,613 4.50 N/A N/A Colony Bank 120,819 15.29 35,563 4.50 51,369 6.50 Tier I Capital to Average Assets Consolidated 124,972 10.85 46,077 4.00 N/A N/A Colony Bank 120,819 10.51 46,002 4.00 57,502 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)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30 September 30 2016 2015 2016 2015 Numerator Net Income Available to Common Stockholders $ 1,880 $ 1,606 $ 5,297 $ 4,414 Denominator Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share 8,439 8,439 8,439 8,439 Dilutive Effect of Potential Common Stock Restricted Stock - - - - Stock Warrants 67 27 57 10 Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share 8,506 8,466 8,496 8,449 Earnings Per Share - Basic $ 0.22 $ 0.19 $ 0.63 $ 0.52 Earnings Per Share - Diluted $ 0.22 $ 0.19 $ 0.62 $ 0.52

Note 14 - Accumulated Other C34

Note 14 - Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	September 30, 2016 December 31, 2015 Beginning Balance $ (4,434 ) $ (4,845 ) Other Comprehensive Income Before Reclassification 3,897 403 Amounts Reclassified from Accumulated Other Comprehensive Income (254 ) 8 Net Current Period Other Comprehensive Income 3,643 411 Ending Balance $ (791 ) $ (4,434 )

Note 1 - Summary of Significa35

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Other Assets [Member]
Cash Surrender Value of Life Insurance	$ 15,246	$ 14,830
Percentage of Loan Portfolio Concentrated in Loans Secured by Real Estate.	85.00%
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 - Summary of Significa36

Note 1 - Summary of Significant Accounting Policies - Estimated Useful Lives and Methods of Depreciation (Details)	3 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Proceeds from Sale of Available-for-sale Securities	$ 25,210	$ 28,274
Available-for-sale Securities, Gross Realized Gains	392	208
Available-for-sale Securities, Gross Realized Losses	7	$ 196
Held-to-maturity Securities Pledged as Collateral	$ 117,694		$ 133,754
Depreciated Debt Securities with Unrealized Losses	1.20%

Note 2 - Investment Securitie38

Note 2 - Investment Securities - Schedule of Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member]
Available for sale securities, amortized cost	$ 282,681	$ 297,779
Available for sale securities, gross unrealized gains	816	63
Available for sale securities, gross unrealized losses	(2,116)	(6,792)
Available for Sale, at Fair Value	281,381	291,050
US States and Political Subdivisions Debt Securities [Member]
Available for sale securities, amortized cost	4,607	5,089
Available for sale securities, gross unrealized gains	101	30
Available for sale securities, gross unrealized losses		(20)
Available for Sale, at Fair Value	4,708	5,099
Available for sale securities, amortized cost	287,288	302,868
Available for sale securities, gross unrealized gains	917	93
Available for sale securities, gross unrealized losses	(2,116)	(6,812)
Available for Sale, at Fair Value	$ 286,089	$ 296,149

Note 2 - Investment Securitie39

Note 2 - Investment Securities - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) $ in Thousands	Sep. 30, 2016USD ($)
Due In One Year or Less,available for sale, amortized cost	$ 346
Due In One Year or Less, available for sale, fair value	348
Due After One Year Through Five Years,available for sale, amortized cost	1,662
Due After One Year Through Five Years, available for sale, fair value	1,685
Due After Five Years Through Ten Years,available for sale, amortized cost	1,109
Due After Five Years Through Ten Years, available for sale, fair value	1,139
Due After Ten Years,available for sale, amortized cost	1,490
Due After Ten Years, available for sale, fair value	1,536
	4,607
	4,708
Mortgage-Backed Securities,available for sale, amortized cost	282,681
Mortgage-Backed Securities, available for sale, fair value	281,381
	287,288
	$ 286,089

Note 2 - Investment Securitie40

Note 2 - Investment Securities - Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member]
Continuous unrealized loss, less than 12 months, fair value	$ 62,927	$ 139,765
Continuous unrealized loss, less than 12 months, gross unrealized losses	(301)	(1,270)
Continuous unrealized loss, greater than 12 months, fair value	110,587	139,720
Continuous unrealized loss, greater than 12 months, gross unrealized losses	(1,815)	(5,522)
Continuous unrealized loss, fair value	173,514	279,485
Continuous unrealized loss, gross unrealized losses	(2,116)	(6,792)
US States and Political Subdivisions Debt Securities [Member]
Continuous unrealized loss, less than 12 months, fair value		1,035
Continuous unrealized loss, less than 12 months, gross unrealized losses		(20)
Continuous unrealized loss, greater than 12 months, fair value
Continuous unrealized loss, greater than 12 months, gross unrealized losses
Continuous unrealized loss, fair value		1,035
Continuous unrealized loss, gross unrealized losses		(20)
Continuous unrealized loss, less than 12 months, fair value	62,927	140,800
Continuous unrealized loss, less than 12 months, gross unrealized losses	(301)	(1,290)
Continuous unrealized loss, greater than 12 months, fair value	110,587	139,720
Continuous unrealized loss, greater than 12 months, gross unrealized losses	(1,815)	(5,522)
Continuous unrealized loss, fair value	173,514	280,520
Continuous unrealized loss, gross unrealized losses	$ (2,116)	$ (6,812)

Note 3 - Loans (Details Textual

Note 3 - Loans (Details Textual)	3 Months Ended	9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2016USD ($)
Loans and Leases Receivable, Impaired, Commitment to Lend	$ 0	$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0

Note 3 - Loans - Segregated by

Note 3 - Loans - Segregated by Class of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Loans	$ 45,773	$ 47,782	$ 48,759
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Loans	26,547	19,193	27,373
Real Estate Portfolio Segment [Member] | Commercial [Member]
Loans	349,392	346,262	347,703
Real Estate Portfolio Segment [Member] | Commercial Construction [Member]
Loans	33,724	40,107	43,589
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Loans	10,325	9,413	10,465
Real Estate Portfolio Segment [Member] | Residential [Member]
Loans	195,045	197,002	195,800
Real Estate Portfolio Segment [Member] | Farmland [Member]
Loans	73,801	61,780	61,551
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Loans	20,378	20,605	20,958
Consumer and Other Portfolio Segment [Member] | Other [Member]
Loans	21,132	16,492	8,006
Loans	$ 776,117	$ 758,636	$ 764,204

Note 3 - Loans - Loan Portfolio

Note 3 - Loans - Loan Portfolio by Credit Quality Indicator (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Pass [Member]
Loans	$ 43,042,000	$ 44,274,000
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member]
Loans	1,867,000	1,927,000
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Substandard [Member]
Loans	864,000	1,581,000
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Loans	45,773,000	47,782,000	$ 48,759,000
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Pass [Member]
Loans	25,990,000	18,970,000
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Special Mention [Member]
Loans	184,000	18,000
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Substandard [Member]
Loans	373,000	205,000
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Loans	26,547,000	19,193,000	27,373,000
Real Estate Portfolio Segment [Member] | Commercial [Member] | Pass [Member]
Loans	325,699,000	320,566,000
Real Estate Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member]
Loans	7,685,000	13,653,000
Real Estate Portfolio Segment [Member] | Commercial [Member] | Substandard [Member]
Loans	16,008,000	12,043,000
Real Estate Portfolio Segment [Member] | Commercial [Member]
Loans	349,392,000	346,262,000	347,703,000
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Pass [Member]
Loans	32,191,000	36,516,000
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Special Mention [Member]
Loans	268,000	913,000
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Substandard [Member]
Loans	1,265,000	2,678,000
Real Estate Portfolio Segment [Member] | Commercial Construction [Member]
Loans	33,724,000	40,107,000	43,589,000
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Pass [Member]
Loans	10,125,000	9,413,000
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Special Mention [Member]
Loans	0	0
Real Estate Portfolio Segment [Member] | Residential Construction [Member] | Substandard [Member]
Loans	200,000	0
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Loans	10,325,000	9,413,000	10,465,000
Real Estate Portfolio Segment [Member] | Residential [Member] | Pass [Member]
Loans	176,480,000	177,054,000
Real Estate Portfolio Segment [Member] | Residential [Member] | Special Mention [Member]
Loans	7,012,000	8,546,000
Real Estate Portfolio Segment [Member] | Residential [Member] | Substandard [Member]
Loans	11,553,000	11,402,000
Real Estate Portfolio Segment [Member] | Residential [Member]
Loans	195,045,000	197,002,000	195,800,000
Real Estate Portfolio Segment [Member] | Farmland [Member] | Pass [Member]
Loans	71,047,000	56,798,000
Real Estate Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member]
Loans	1,641,000	930,000
Real Estate Portfolio Segment [Member] | Farmland [Member] | Substandard [Member]
Loans	1,113,000	4,052,000
Real Estate Portfolio Segment [Member] | Farmland [Member]
Loans	73,801,000	61,780,000	61,551,000
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Pass [Member]
Loans	19,703,000	20,038,000
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Special Mention [Member]
Loans	264,000	156,000
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Substandard [Member]
Loans	411,000	411,000
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Loans	20,378,000	20,605,000	20,958,000
Consumer and Other Portfolio Segment [Member] | Other [Member] | Pass [Member]
Loans	21,132,000	16,467,000
Consumer and Other Portfolio Segment [Member] | Other [Member] | Special Mention [Member]
Loans	0	0
Consumer and Other Portfolio Segment [Member] | Other [Member] | Substandard [Member]
Loans		25,000
Consumer and Other Portfolio Segment [Member] | Other [Member]
Loans	21,132,000	16,492,000	8,006,000
Pass [Member]
Loans	725,409,000	700,096,000
Special Mention [Member]
Loans	18,921,000	26,143,000
Substandard [Member]
Loans	31,787,000	32,397,000
Loans	$ 776,117,000	$ 758,636,000	$ 764,204,000

Note 3 - Loans - Age Analysis o

Note 3 - Loans - Age Analysis of Past Due Loans and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	$ 262	$ 491
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Accruing loans past due	262	491
Nonaccrual loans	646	577
Current loans	44,865	46,714
Loans	45,773	47,782	$ 48,759
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	67	71
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Accruing loans past due	67	71
Nonaccrual loans	281	178
Current loans	26,199	18,944
Loans	26,547	19,193	27,373
Real Estate Portfolio Segment [Member] | Commercial [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	261	6,031
Real Estate Portfolio Segment [Member] | Commercial [Member]
Accruing loans past due	261	6,031
Nonaccrual loans	8,179	7,565
Current loans	340,952	332,666
Loans	349,392	346,262	347,703
Real Estate Portfolio Segment [Member] | Commercial Construction [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	109	90
Real Estate Portfolio Segment [Member] | Commercial Construction [Member]
Accruing loans past due	109	90
Nonaccrual loans	200	1,643
Current loans	33,415	38,374
Loans	33,724	40,107	43,589
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Current loans	10,325	9,413
Loans	10,325	9,413	10,465
Real Estate Portfolio Segment [Member] | Residential [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	3,069	3,683
Real Estate Portfolio Segment [Member] | Residential [Member]
Accruing loans past due	3,069	3,683
Nonaccrual loans	3,520	3,164
Current loans	188,456	190,155
Loans	195,045	197,002	195,800
Real Estate Portfolio Segment [Member] | Farmland [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	172	123
Real Estate Portfolio Segment [Member] | Farmland [Member]
Accruing loans past due	172	123
Nonaccrual loans	919	1,103
Current loans	72,710	60,554
Loans	73,801	61,780	61,551
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	235	470
Consumer and Other Portfolio Segment [Member] | Consumer [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing loans past due	1	8
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Accruing loans past due	236	478
Nonaccrual loans	241	178
Current loans	19,901	19,949
Loans	20,378	20,605	20,958
Consumer and Other Portfolio Segment [Member] | Other [Member]
Current loans	21,132	16,492
Loans	21,132	16,492	8,006
Financing Receivables, 30-89 Days Past Due [Member]
Accruing loans past due	4,175	10,959
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing loans past due	1	8
Accruing loans past due	4,176	10,967
Nonaccrual loans	13,986	14,408
Current loans	757,955	733,261
Loans	$ 776,117	$ 758,636	$ 764,204

Note 3 - Loans - Impaired Loan

Note 3 - Loans - Impaired Loan Data (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Commercial and Agricultural Portfolio Segment [Member] | Commercial [Member]
Unpaid contractual principal balance with no related allowance	$ 646,000	$ 580,000	$ 454,000
Impaired balance with no related allowance	646,000	573,000	454,000
Average recorded investment with no related allowance	515,000	562,000	535,000
Interest income recognized with no related allowance	15,000	16,000	17,000
Interest income collected with no related allowance	18,000	19,000	21,000
Unpaid contractual principal balance with an allowance		91,000	123,000
Impaired balance with an allowance	0	91,000	123,000
Related allowance	0	91,000	95,000
Average recorded investment with an allowance	38,000	92,000	100,000
Interest income recognized with an allowance	0	0	2,000
Interest income collected with an allowance	0	0	3,000
Unpaid contractual principal balance	646,000	671,000	577,000
Impaired balance	646,000	664,000	577,000
Average recorded investment	553,000	654,000	635,000
Interest income recognized	15,000	16,000	19,000
Interest income collected	18,000	19,000	24,000
Commercial and Agricultural Portfolio Segment [Member] | Agricultural [Member]
Unpaid contractual principal balance with no related allowance	301,000	174,000	196,000
Impaired balance with no related allowance	280,000	156,000	178,000
Average recorded investment with no related allowance	211,000	158,000	163,000
Interest income recognized with no related allowance	5,000	(10,000)	(10,000)
Interest income collected with no related allowance	13,000	10,000	10,000
Unpaid contractual principal balance with an allowance		0	0
Impaired balance with an allowance	0	0	0
Related allowance	0	0	0
Average recorded investment with an allowance	0	0	0
Interest income recognized with an allowance	0	0	0
Interest income collected with an allowance	0	0	0
Unpaid contractual principal balance	301,000	174,000	196,000
Impaired balance	280,000	156,000	178,000
Average recorded investment	211,000	158,000	163,000
Interest income recognized	5,000	(10,000)	(10,000)
Interest income collected	13,000	10,000	10,000
Real Estate Portfolio Segment [Member] | Commercial [Member]
Unpaid contractual principal balance with no related allowance	16,457,000	14,412,000	15,569,000
Impaired balance with no related allowance	16,367,000	14,412,000	15,122,000
Average recorded investment with no related allowance	14,274,000	15,533,000	15,430,000
Interest income recognized with no related allowance	490,000	412,000	529,000
Interest income collected with no related allowance	480,000	418,000	531,000
Unpaid contractual principal balance with an allowance	8,316,000	6,941,000	8,969,000
Impaired balance with an allowance	8,316,000	6,282,000	8,956,000
Related allowance	2,470,000	243,000	1,608,000
Average recorded investment with an allowance	8,308,000	5,912,000	6,673,000
Interest income recognized with an allowance	177,000	132,000	214,000
Interest income collected with an allowance	173,000	123,000	209,000
Unpaid contractual principal balance	24,773,000	21,353,000	24,538,000
Impaired balance	24,683,000	20,694,000	24,078,000
Average recorded investment	22,582,000	21,445,000	22,103,000
Interest income recognized	667,000	544,000	743,000
Interest income collected	653,000	541,000	740,000
Real Estate Portfolio Segment [Member] | Commercial Construction [Member]
Unpaid contractual principal balance with no related allowance	508,000	7,726,000	6,888,000
Impaired balance with no related allowance	508,000	2,736,000	1,898,000
Average recorded investment with no related allowance	825,000	3,191,000	2,867,000
Interest income recognized with no related allowance	16,000	17,000	26,000
Interest income collected with no related allowance	15,000	17,000	27,000
Unpaid contractual principal balance with an allowance	73,000	78,000	77,000
Impaired balance with an allowance	73,000	78,000	76,000
Related allowance	22,000	14,000	25,000
Average recorded investment with an allowance	74,000	97,000	92,000
Interest income recognized with an allowance	0	0	0
Interest income collected with an allowance	0	0	0
Unpaid contractual principal balance	581,000	7,804,000	6,965,000
Impaired balance	581,000	2,814,000	1,974,000
Average recorded investment	899,000	3,288,000	2,959,000
Interest income recognized	16,000	17,000	26,000
Interest income collected	15,000	17,000	27,000
Real Estate Portfolio Segment [Member] | Residential Construction [Member]
Unpaid contractual principal balance with no related allowance	0	0
Impaired balance with no related allowance	0	0
Average recorded investment with no related allowance	0	0
Interest income recognized with no related allowance	0	0
Interest income collected with no related allowance	0	0
Unpaid contractual principal balance with an allowance	0	0
Impaired balance with an allowance	0	0
Related allowance	0	0
Average recorded investment with an allowance	0	0
Interest income recognized with an allowance	0	0
Interest income collected with an allowance	0	0
Unpaid contractual principal balance	0	0
Impaired balance	0	0
Average recorded investment	0	0
Interest income recognized	0	0
Interest income collected	0	0
Real Estate Portfolio Segment [Member] | Residential [Member]
Unpaid contractual principal balance with no related allowance	5,321,000	5,359,000	5,429,000
Impaired balance with no related allowance	4,995,000	4,400,000	4,576,000
Average recorded investment with no related allowance	4,704,000	4,761,000	4,715,000
Interest income recognized with no related allowance	56,000	165,000	176,000
Interest income collected with no related allowance	178,000	148,000	159,000
Unpaid contractual principal balance with an allowance	858,000	1,082,000	1,083,000
Impaired balance with an allowance	851,000	1,082,000	1,075,000
Related allowance	435,000	308,000	308,000
Average recorded investment with an allowance	936,000	1,093,000	1,089,000
Interest income recognized with an allowance	4,000	12,000	16,000
Interest income collected with an allowance	6,000	12,000	16,000
Unpaid contractual principal balance	6,179,000	6,441,000	6,512,000
Impaired balance	5,846,000	5,482,000	5,651,000
Average recorded investment	5,640,000	5,854,000	5,804,000
Interest income recognized	60,000	177,000	192,000
Interest income collected	184,000	160,000	175,000
Real Estate Portfolio Segment [Member] | Farmland [Member]
Unpaid contractual principal balance with no related allowance	921,000	1,398,000	1,105,000
Impaired balance with no related allowance	919,000	1,397,000	1,103,000
Average recorded investment with no related allowance	1,071,000	1,419,000	1,340,000
Interest income recognized with no related allowance	(4,000)	1,000	1,000
Interest income collected with no related allowance	1,000	2,000	2,000
Unpaid contractual principal balance with an allowance	382,000	390,000	388,000
Impaired balance with an allowance	382,000	390,000	388,000
Related allowance	33,000	57,000	37,000
Average recorded investment with an allowance	385,000	392,000	391,000
Interest income recognized with an allowance	16,000	16,000	21,000
Interest income collected with an allowance	14,000	16,000	21,000
Unpaid contractual principal balance	1,303,000	1,788,000	1,493,000
Impaired balance	1,301,000	1,787,000	1,491,000
Average recorded investment	1,456,000	1,811,000	1,731,000
Interest income recognized	12,000	17,000	22,000
Interest income collected	15,000	18,000	23,000
Consumer and Other Portfolio Segment [Member] | Consumer [Member]
Unpaid contractual principal balance with no related allowance	241,000	195,000	180,000
Impaired balance with no related allowance	241,000	187,000	178,000
Average recorded investment with no related allowance	214,000	195,000	191,000
Interest income recognized with no related allowance	7,000	8,000	14,000
Interest income collected with no related allowance	9,000	11,000	15,000
Unpaid contractual principal balance with an allowance	0	0	0
Impaired balance with an allowance	0	0	0
Related allowance	0	0	0
Average recorded investment with an allowance	0	0	0
Interest income recognized with an allowance	0	0	0
Interest income collected with an allowance	0	0	0
Unpaid contractual principal balance	241,000	195,000	180,000
Impaired balance	241,000	187,000	178,000
Average recorded investment	214,000	195,000	191,000
Interest income recognized	7,000	8,000	14,000
Interest income collected	9,000	11,000	15,000
Consumer and Other Portfolio Segment [Member] | Other [Member]
Unpaid contractual principal balance with no related allowance	0	0	0
Impaired balance with no related allowance	0	0	0
Average recorded investment with no related allowance	0	65,000	48,000
Interest income recognized with no related allowance	0	0	0
Interest income collected with no related allowance	0	0	0
Unpaid contractual principal balance with an allowance	0	0	0
Impaired balance with an allowance	0	0	0
Related allowance	0	0	0
Average recorded investment with an allowance	0	0	0
Interest income recognized with an allowance	0	0	0
Interest income collected with an allowance	0	0	0
Unpaid contractual principal balance	0	0	0
Impaired balance	0	0	0
Average recorded investment	0	65,000	48,000
Interest income recognized	0	0	0
Interest income collected	0	0	0
Unpaid contractual principal balance with no related allowance	24,395,000	29,844,000	29,821,000
Impaired balance with no related allowance	23,956,000	23,861,000	23,509,000
Average recorded investment with no related allowance	21,814	25,884,000	25,289,000
Interest income recognized with no related allowance	585,000	609,000	753,000
Interest income collected with no related allowance	714,000	625,000	765,000
Unpaid contractual principal balance with an allowance	9,629,000	8,582,000	10,640,000
Impaired balance with an allowance	9,622,000	7,923,000	10,618,000
Related allowance	2,960,000	713,000	2,073,000
Average recorded investment with an allowance	9,741,000	7,586,000	8,345,000
Interest income recognized with an allowance	197,000	160,000	253,000
Interest income collected with an allowance	193,000	151,000	249,000
Unpaid contractual principal balance	34,024,000	38,426,000	40,461,000
Impaired balance	33,578,000	31,784,000	34,127,000
Average recorded investment	31,555,000	33,470,000	33,634,000
Interest income recognized	782,000	769,000	1,006,000
Interest income collected	$ 907,000	$ 776,000	$ 1,014,000

Note 3 - Loans - Modified in a

Note 3 - Loans - Modified in a Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)
Real Estate Portfolio Segment [Member] | Residential [Member]
Number of contracts		1	1	2
Pre-modification		$ 226	$ 91	$ 1,106
Post-modification		$ 139	$ 91	$ 1,036
Number of contracts		1	1	2
Pre-modification		$ 226	$ 91	$ 1,106
Post-modification		$ 139	$ 91	$ 1,036

Note 4 - Allowance for Loan L47

Note 4 - Allowance for Loan Losses (Details Textual)	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Loans Not Classified as Impaired [Member] | Substandard [Member]
Loans and Leases Receivable, Gross		$ 12,450,000		$ 14,030,000
Loans and Leases Receivable, Allowance		742,000		$ 1,300,000
Substandard [Member]
Loans and Leases Receivable, Gross		31,787,000	$ 32,397,000
Allowance for Loan Losses, Loss History Period, Number of Quarters	16		8
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method		(986,000)
Loan Balance For Reviewing High Risk Loans Minimum		$ 250,000
Impaired Financing Receivable, Number of Loans Below Review Threshold		160		156
Impaired Financing Receivable Recorded Investment Below Review Threshold		$ 4,600,000		$ 3,900,000
Loans and Leases Receivable, Gross		776,117,000	$ 758,636,000	764,204,000
Loans and Leases Receivable, Allowance		$ 9,203,000	$ 8,604,000	$ 8,402,000	$ 8,802,000

Note 4 - Allowance for Loan L48

Note 4 - Allowance for Loan Losses - Segregated by Class of Loan (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Commercial [Member] | Commercial and Agricultural Portfolio Segment [Member]
Allowance for loan losses, beginning balance			$ 855	$ 497
Allowance for loan losses, charge-offs			(291)	(257)
Allowance for loan losses, recoveries			54	45
Provision for Loan Losses			(127)	17
Allowance for loan losses, ending balance	$ 491	$ 302	491	302
Commercial [Member] | Real Estate Portfolio Segment [Member]
Allowance for loan losses, beginning balance			3,851	3,665
Allowance for loan losses, charge-offs			(992)	(275)
Allowance for loan losses, recoveries			197	138
Provision for Loan Losses			2,231	296
Allowance for loan losses, ending balance	5,287	3,824	5,287	3,824
Agricultural [Member] | Commercial and Agricultural Portfolio Segment [Member]
Allowance for loan losses, beginning balance			203	304
Allowance for loan losses, charge-offs			(18)	(5)
Allowance for loan losses, recoveries			3	3
Provision for Loan Losses			93	4
Allowance for loan losses, ending balance	281	306	281	306
Commercial Construction [Member] | Real Estate Portfolio Segment [Member]
Allowance for loan losses, beginning balance			691	1,223
Allowance for loan losses, charge-offs			(25)	(96)
Allowance for loan losses, recoveries			813	282
Provision for Loan Losses			(1,021)	282
Allowance for loan losses, ending balance	458	1,691	458	1,691
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			2
Allowance for loan losses, ending balance	22	138	22	138
Residential [Member] | Real Estate Portfolio Segment [Member]
Allowance for loan losses, beginning balance			1,990	2,425
Allowance for loan losses, charge-offs			(243)	(910)
Allowance for loan losses, recoveries			32	95
Provision for Loan Losses			(114)	85
Allowance for loan losses, ending balance	1,665	1,695	1,665	1,695
Farmland [Member] | Real Estate Portfolio Segment [Member]
Allowance for loan losses, beginning balance			912	104
Allowance for loan losses, charge-offs				(40)
Allowance for loan losses, recoveries			137	10
Provision for Loan Losses			(187)	3
Allowance for loan losses, ending balance	862	77	862	77
Consumer [Member] | Consumer and Other Portfolio Segment [Member]
Allowance for loan losses, beginning balance			63	67
Allowance for loan losses, charge-offs			(180)	(167)
Allowance for loan losses, recoveries			44	47
Provision for Loan Losses			176	53
Allowance for loan losses, ending balance	103		103
Other [Member] | Consumer and Other Portfolio Segment [Member]
Allowance for loan losses, beginning balance			19	379
Allowance for loan losses, charge-offs				(26)
Allowance for loan losses, recoveries			6	15
Provision for Loan Losses			9	1
Allowance for loan losses, ending balance	34	369	34	369
Allowance for loan losses, beginning balance			8,604	8,802
Allowance for loan losses, charge-offs			(1,749)	(1,776)
Allowance for loan losses, recoveries			1,286	635
Provision for Loan Losses	354	250	1,062	741
Allowance for loan losses, ending balance	$ 9,203	$ 8,402	$ 9,203	$ 8,402

Note 4 - Allowance for Loan L49

Note 4 - Allowance for Loan Losses - Segregated by Impairment Methodology (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Commercial [Member] | Commercial and Agricultural Portfolio Segment [Member]
Ending allowance balance, individually evaluated for impairment			$ 91
Ending allowance balance, collectively evaluated for impairment	491		211
Allowance for loan losses, ending balance	491	$ 855	302	$ 497
Ending loan balance, individually evaluated for impairment	8		91
Ending loan balance, collectively evaluated for impairment	45,765		48,668
Loans	45,773	47,782	48,759
Commercial [Member] | Real Estate Portfolio Segment [Member]
Ending allowance balance, individually evaluated for impairment	2,470		243
Ending allowance balance, collectively evaluated for impairment	2,817		3,581
Allowance for loan losses, ending balance	5,287	3,851	3,824	3,665
Ending loan balance, individually evaluated for impairment	24,363		20,049
Ending loan balance, collectively evaluated for impairment	325,029		327,654
Loans	349,392	346,262	347,703
Agricultural [Member] | Commercial and Agricultural Portfolio Segment [Member]
Ending allowance balance, individually evaluated for impairment
Ending allowance balance, collectively evaluated for impairment	281		306
Allowance for loan losses, ending balance	281	203	306	304
Ending loan balance, individually evaluated for impairment			8
Ending loan balance, collectively evaluated for impairment	26,547		27,365
Loans	26,547	19,193	27,373
Commercial Construction [Member] | Real Estate Portfolio Segment [Member]
Ending allowance balance, individually evaluated for impairment	22		14
Ending allowance balance, collectively evaluated for impairment	436		1,677
Allowance for loan losses, ending balance	458	691	1,691	1,223
Ending loan balance, individually evaluated for impairment	380		2,694
Ending loan balance, collectively evaluated for impairment	33,344		40,895
Loans	33,724	40,107	43,589
Residential Construction [Member] | Real Estate Portfolio Segment [Member]
Ending allowance balance, individually evaluated for impairment
Ending allowance balance, collectively evaluated for impairment	22		138
Allowance for loan losses, ending balance	22	20	138	138
Ending loan balance, individually evaluated for impairment
Ending loan balance, collectively evaluated for impairment	10,325		10,465
Loans	10,325	9,413	10,465
Residential [Member] | Real Estate Portfolio Segment [Member]
Ending allowance balance, individually evaluated for impairment	435		308
Ending allowance balance, collectively evaluated for impairment	1,230		1,387
Allowance for loan losses, ending balance	1,665	1,990	1,695	2,425
Ending loan balance, individually evaluated for impairment	3,200		3,380
Ending loan balance, collectively evaluated for impairment	191,845		192,420
Loans	195,045	197,002	195,800
Farmland [Member] | Real Estate Portfolio Segment [Member]
Ending allowance balance, individually evaluated for impairment	33		57
Ending allowance balance, collectively evaluated for impairment	829		20
Allowance for loan losses, ending balance	862	912	77	104
Ending loan balance, individually evaluated for impairment	1,047		1,695
Ending loan balance, collectively evaluated for impairment	72,754		59,856
Loans	73,801	61,780	61,551
Consumer [Member] | Consumer and Other Portfolio Segment [Member]
Ending allowance balance, individually evaluated for impairment
Ending allowance balance, collectively evaluated for impairment	103
Allowance for loan losses, ending balance	103	63		67
Ending loan balance, individually evaluated for impairment
Ending loan balance, collectively evaluated for impairment	20,378		20,958
Loans	20,378	20,605	20,958
Other [Member] | Consumer and Other Portfolio Segment [Member]
Ending allowance balance, individually evaluated for impairment
Ending allowance balance, collectively evaluated for impairment	34		369
Allowance for loan losses, ending balance	34	19	369	379
Ending loan balance, individually evaluated for impairment
Ending loan balance, collectively evaluated for impairment	21,132		8,006
Loans	21,132	16,492	8,006
Ending allowance balance, individually evaluated for impairment	2,960		713
Ending allowance balance, collectively evaluated for impairment	6,243		7,689
Allowance for loan losses, ending balance	9,203	8,604	8,402	$ 8,802
Ending loan balance, individually evaluated for impairment	28,998		27,917
Ending loan balance, collectively evaluated for impairment	747,119		736,287
Loans	$ 776,117	$ 758,636	$ 764,204

Note 5 - Other Real Estate Ow50

Note 5 - Other Real Estate Owned (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Real Estate	$ 9,812	$ 8,839	$ 10,402
Other Real Estate, Foreclosed Assets, and Repossessed Assets	922	1,030
Mortgage Loans in Process of Foreclosure, Amount	$ 1,150	$ 159

Note 5 - Other Real Estate Ow51

Note 5 - Other Real Estate Owned - Change in OREO (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Balance	$ 8,839	$ 10,402
Additions	3,953	7,536
Sales of OREO	(2,877)	(8,055)
Gains (Losses) on Sale	23	(591)
Provision for Losses	(126)	(453)
Balance	$ 9,812	$ 8,839

Note 6 - Deposits (Details Text

Note 6 - Deposits (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Deposit Liabilities Reclassified as Loans Receivable	$ 392	$ 272
Interest-bearing Domestic Deposit, Brokered	43,232	25,577
Time Deposits, $100,000 or More	129,418	141,900
Time Deposits $250,000 or More	$ 30,204	$ 31,755

Note 6 - Deposits - Components

Note 6 - Deposits - Components of Interest-bearing Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Interest-Bearing Demand	$ 395,614	$ 412,960
Savings	69,060	64,976
Time, $100,000 and Over	188,185	202,801
Other Time	186,790	196,931
	$ 839,649	$ 877,668

Note 6 - Deposits - Maturities

Note 6 - Deposits - Maturities of Certificates of Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
One Year and Under	$ 267,245	$ 287,423
One to Three Years	83,978	88,019
Three Years and Over	23,752	24,290
	$ 374,975	$ 399,732

Note 7 - Other Borrowed Money55

Note 7 - Other Borrowed Money (Details Textual)	Sep. 30, 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	0.98%
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	2,026
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 106,506,000
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds	240,282,000
Line of Credit Facility, Current Borrowing Capacity	$ 43,500,000

Note 7 - Other Borrowed Money -

Note 7 - Other Borrowed Money - Summary of Other Borrowed Money (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Federal Home Loan Bank Advances	$ 46	$ 40

Note 7 - Other Borrowed Money57

Note 7 - Other Borrowed Money - Aggregate Stated Maturities (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
2,018	$ 2.5
2,019	5
2,020	2.5
After 2,020	36
	$ 46	$ 40

Note 8 - Preferred Stock and 58

Note 8 - Preferred Stock and Warrants (Details Textual) - $ / shares	1 Months Ended	12 Months Ended
	Aug. 31, 2016	Dec. 31, 2015	Sep. 30, 2016
Series A Preferred Stock [Member]
Preferred Stock, Shares Issued			14,360
Stock Redeemed or Called During Period, Shares	3,661	9,979
Preferred Stock, Redemption Price Per Share	$ 1,000	$ 1,000
Preferred Stock, Shares Issued		18,021	14,360
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 Debentu59

Note 9 - Subordinated Debentures (Trusted Preferred Securities) - Schedule of Subordinated Debentures (Details) - Trust Preferred Securities Subject to Mandatory Redemption [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Colony Bankcorp Statutory Trust III [Member] | London Interbank Offered Rate (LIBOR) [Member]
3 month LIBOR rate	0.85656%
Added points	2.68%
Colony Bankcorp Statutory Trust III [Member]
Issuance date	Jun. 17, 2004
Debt amount	$ 4,640
Total interest rate	3.53656%
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	0.83769%
Added points	1.50%
Colony Bankcorp Capital Trust I [Member]
Issuance date	Apr. 13, 2006
Debt amount	$ 5,155
Total interest rate	2.33769%
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	0.83769%
Added points	1.65%
Colony Bankcorp Capital Trust II [Member]
Issuance date	Mar. 12, 2007
Debt amount	$ 9,279
Total interest rate	2.48769%
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	0.7565%
Added points	1.40%
Colony Bankcorp Capital Trust III [Member]
Issuance date	Sep. 14, 2007
Debt amount	$ 5,155
Total interest rate	2.1565%
Maturity date	Sep. 14, 2037
5 year call option	Sep. 14, 2012

Note 10 - Commitments and Con60

Note 10 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Construction [Member]
Other Commitment		$ 1.2
Expiration Period Of Letter Of Credit Issued	1 year

Note 10 - Commitments and Con61

Note 10 - Commitments and Contingencies - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Loan Origination Commitments [Member]
Loan Commitments	$ 74,910	$ 67,889
Letters of Credit	$ 1,466	$ 1,588

Note 11 - Fair Value of Finan62

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Details Textual)	Sep. 30, 2016
Discounted Rate To Account For Selling And Marketing Costs	10.00%

Note 11 - Fair Value of Finan63

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Reported Value Measurement [Member]
Cash and Short-Term Investments	$ 31,675	$ 60,872
Available for Sale, at Fair Value	286,089	296,149
Federal Home Loan Bank Stock	3,010	2,731
Loans, Net	766,532	749,675
Bank-Owned Life Insurance	15,246	14,830
Deposits	978,590	1,011,554
Subordinated Debentures	24,229	24,229
Other Borrowed Money	46,000	40,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and Short-Term Investments	31,675	60,872
Federal Home Loan Bank Stock	3,010	2,731
Bank-Owned Life Insurance	15,246	14,830
Deposits	603,615	611,822
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Available for Sale, at Fair Value	285,493	295,219
Loans, Net	760,499	741,867
Deposits	376,352	401,289
Subordinated Debentures	24,229	24,229
Other Borrowed Money	46,541	40,421
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Available for Sale, at Fair Value	596	930
Federal Home Loan Bank Stock
Loans, Net	6,662	8,545
Estimate of Fair Value Measurement [Member]
Cash and Short-Term Investments	31,675	60,872
Available for Sale, at Fair Value	286,089	296,149
Federal Home Loan Bank Stock	3,010	2,731
Loans, Net	767,161	750,412
Bank-Owned Life Insurance	15,246	14,830
Deposits	979,967	1,013,111
Subordinated Debentures	24,229	24,229
Other Borrowed Money	46,541	40,421
Available for Sale, at Fair Value	$ 286,089	$ 296,149

Note 11 - Fair Value of Finan64

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, fair value, recurring	$ 281,381	$ 291,050
US Government Agencies Debt Securities [Member] | Available-for-sale Securities [Member]
Assets, fair value, recurring	281,381	291,050
US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, fair value, recurring	4,112	4,169
US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, fair value, recurring	596	930
US States and Political Subdivisions Debt Securities [Member] | Available-for-sale Securities [Member]
Assets, fair value, recurring	4,708	5,099
Available-for-sale Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, fair value, recurring	285,493	295,219
Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, fair value, recurring	596	930
Available-for-sale Securities [Member]
Assets, fair value, recurring	286,089	296,149
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Assets, fair value, nonrecurring	6,662	8,545
Fair Value, Inputs, Level 3 [Member] | Other Real Estate [Member]
Assets, fair value, nonrecurring	2,850	2,536
Impaired Loans [Member]
Assets, fair value, nonrecurring	6,662	8,545
Other Real Estate [Member]
Assets, fair value, nonrecurring	$ 2,850	$ 2,536

Note 11 - Fair Value of Finan65

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Quantitative Information for Financial Instruments Measured at Fair Value (Details) - Fair Value, Inputs, Level 3 [Member] - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Commercial Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Minimum [Member]
Fair value inputs, comparability adjustments		(31.77%)
Fair value inputs, management adjustments		0.00%
Commercial Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Maximum [Member]
Fair value inputs, comparability adjustments		34.00%
Fair value inputs, management adjustments		10.00%
Commercial Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Weighted Average [Member]
Fair value inputs, comparability adjustments		1.12%
Fair value inputs, management adjustments		5.00%
Commercial Portfolio Segment [Member] | Market Approach Valuation Technique [Member]
Assets measured at fair value		$ 28
Commercial Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Weighted Average [Member]
Fair value inputs, cap rate		11.00%
Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial Construction [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] | Market Approach Valuation Technique [Member] | Commercial Construction [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] | Market Approach Valuation Technique [Member] | Commercial Construction [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] | Market Approach Valuation Technique [Member] | Commercial Construction [Member]
Assets measured at fair value	$ 51	$ 51
Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Residential [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] | Market Approach Valuation Technique [Member] | Residential [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] | Market Approach Valuation Technique [Member] | Residential [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] | Market Approach Valuation Technique [Member] | Residential [Member]
Assets measured at fair value	$ 416	$ 767
Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial [Member] | Minimum [Member]
Fair value inputs, comparability adjustments	(14.08%)	(31.77%)
Fair value inputs, management adjustments	0.00%	0.00%
Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial [Member] | Maximum [Member]
Fair value inputs, comparability adjustments	24.62%	34.00%
Fair value inputs, management adjustments	100.00%	10.00%
Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial [Member] | Weighted Average [Member]
Fair value inputs, comparability adjustments	5.27%	1.12%
Fair value inputs, management adjustments	50.00%	5.00%
Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Commercial [Member]
Assets measured at fair value	$ 5,846	$ 7,348
Real Estate Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Farmland [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] | Market Approach Valuation Technique [Member] | Farmland [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] | Market Approach Valuation Technique [Member] | Farmland [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] | Market Approach Valuation Technique [Member] | Farmland [Member]
Assets measured at fair value	$ 349	$ 351
Real Estate Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Commercial [Member] | Weighted Average [Member]
Fair value inputs, cap rate	10.67%	10.25%
Consumer and Other Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Minimum [Member]
Fair value inputs, comparability adjustments	(50.80%)	(50.80%)
Fair value inputs, management adjustments	0.62%	15.53%
Consumer and Other Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Maximum [Member]
Fair value inputs, comparability adjustments	142.90%	142.90%
Fair value inputs, management adjustments	72.75%	72.75%
Consumer and Other Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Weighted Average [Member]
Fair value inputs, comparability adjustments	46.05%	46.05%
Fair value inputs, management adjustments	29.23%	43.37%
Consumer and Other Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member]
Assets measured at fair value	$ 2,850	$ 2,536
Consumer and Other Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Weighted Average [Member]
Fair value inputs, discount rate	12.50%	12.50%

Note 11 - Fair Value of Finan66

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Fair Value Measurement Using Significant Unobservable Inputs (Details) - Available-for-sale Securities [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Balance, available for sale securities	$ 930	$ 948
Maturities	(330)
Unrealized Gains included in Other Comprehensive Income (Loss)	(4)	(18)
Balance, available for sale securities	$ 596	$ 930

Note 11 - Fair Value of Finan67

Note 11 - Fair Value of Financial Instruments and Fair Value Measurements - Quantitative Information About Recurring Level 3 Fair Value Measurement (Details) - US States and Political Subdivisions Debt Securities [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Fair Value	$ 596
Range Weighted Average		[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 68

Note 12 - Regulatory Capital Matters (Details Textual)	Sep. 30, 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 69

Note 12 - Regulatory Capital Matters - Summary of Regulatory Capital Information (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Colony Bank [Member]
Capital	$ 130,022	$ 126,939
Capital to Risk-Weighted Assets	16.45%	15.99%
Capital Required for Capital Adequacy	$ 63,223	$ 63,500
Capital Required for Capital Adequacy to Risk-Weighted Assets	8.00%	8.00%
Capital Required to be Well Capitalized	$ 79,029	$ 79,375
Capital Requited to be Well Capitalized to Risk-Weighted Assets	10.00%	10.00%
Tier I Risk Based Capital	$ 120,819	$ 118,335
Tier I Risk Based Capital to Risk-Weighted Assets	15.29%	14.91%
Tier I Risk Based Capital Required for Capital Adequacy	$ 47,417	$ 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	$ 63,223	$ 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	$ 120,819	$ 118,335
Common Equity Tier I Risk Based Capital to Risk-Weighted Assets	15.29%	14.91%
Common Equity Tier I Risk Based Capital Required for Capital Adequacy	$ 35,563	$ 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	$ 51,369	$ 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	$ 120,819	$ 118,335
Tier I Leverage Capital to Average Assets	10.51%	10.27%
Tier I Leverage Capital Required for Capital Adequacy	$ 46,002	$ 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	$ 57,502	$ 57,592
Tier I Leverage Capital Required to Be Well Capitalized to Average Assets	5.00%	5.00%
Capital	$ 134,175	$ 131,948
Capital to Risk-Weighted Assets	16.95%	16.60%
Capital Required for Capital Adequacy	$ 63,312	$ 63,602
Capital Required for Capital Adequacy to Risk-Weighted Assets	8.00%	8.00%
Tier I Risk Based Capital	$ 124,972	$ 123,344
Tier I Risk Based Capital to Risk-Weighted Assets	15.79%	15.51%
Tier I Risk Based Capital Required for Capital Adequacy	$ 47,484	$ 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	$ 87,112	$ 81,823
Common Equity Tier I Risk Based Capital to Risk-Weighted Assets	11.01%	10.29%
Common Equity Tier I Risk Based Capital Required for Capital Adequacy	$ 35,613	$ 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	$ 124,972	$ 123,344
Tier I Leverage Capital to Average Assets	10.85%	10.69%
Tier I Leverage Capital Required for Capital Adequacy	$ 46,077	$ 46,149
Tier I Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%

Note 13 - Earnings Per Share -

Note 13 - Earnings Per Share - Summary of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Restricted Stock [Member]
Restricted Stock (in shares)
Warrant [Member]
Restricted Stock (in shares)	67,000	27,000	57,000	10,000
Net Income Available to Common Stockholders	$ 1,880	$ 1,606	$ 5,297	$ 4,414
Weighted Average Basic Shares Outstanding (in shares)	8,439,258	8,439,258	8,439,258	8,439,258
Weighted Average Diluted Shares Outstanding (in shares)	8,506,268	8,466,285	8,495,752	8,449,057
Basic (in dollars per share)	$ 0.22	$ 0.19	$ 0.63	$ 0.52
Diluted (in dollars per share)	$ 0.22	$ 0.19	$ 0.62	$ 0.52

Note 14 - Accumulated Other C71

Note 14 - Accumulated Other Comprehensive Income (Loss) - Changes for Unrealized Gains and Losses Securities Available for Sale (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Beginning Balance			$ (4,434)	$ (4,845)	$ (4,845)
Other Comprehensive Income Before Reclassification			3,897		403
Amounts Reclassified from Accumulated Other Comprehensive Income			(254)		8
Net Current Period Other Comprehensive Income	$ (949)	$ 1,642	3,643	$ 2,465	411
Ending Balance	$ (791)		$ (791)		$ (4,434)