Regulatory Capital Matters

9 Months Ended

Sep. 30, 2022

Banking And Thrift Disclosure [Abstract]

Regulatory Capital Matters

Regulatory Capital Matters

The amount of dividends payable to the parent company from the subsidiary bank is limited by various banking regulatory agencies. Upon approval by regulatory authorities, the Bank may pay cash dividends to the parent company in excess of regulatory limitations.

As of September 30, 2022, the Company and the Bank were categorized as well-capitalized under the regulatory framework for prompt corrective action in effect at such time. To be categorized as well-capitalized, the Company and the Bank must have exceeded the well-capitalized guideline ratios in effect at the time, as set forth in the table below, and have met certain other requirements. Management believes that the Company and the Bank exceeded all well-capitalized requirements at September 30, 2022, and there have been no conditions or events since quarter-end that would change the status of well-capitalized.

The Board of Governors of the Federal Reserve raised the threshold for determining applicable of the Small Bank Holding Company and Savings and Loan Company Policy Statement in August 2018 from $1 billion to $3 billion in consolidated total assets to provide regulatory burden relief, therefore, the Company is no longer subject to the minimum capital requirements on a consolidated basis.

The following table summarizes regulatory capital information as of September 30, 2022 and December 31, 2021 on a consolidated basis and for the subsidiary, as defined.  Regulatory capital ratios for September 30, 2022 and December 31,

2021 were calculated in accordance with the Basel III rules.

(dollars in thousands)	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
As of September 30, 2022
Total Capital to Risk-Weighted Assets
Consolidated	$	311,849	15.78	%	$	158,098	8.00	%	N/A		N/A
Colony Bank	263,104		13.34		157,784		8.00		$	197,229	10.00	%
Tier 1 Capital to Risk-Weighted Assets
Consolidated	257,531		13.04		118,496		6.00		N/A		N/A
Colony Bank	247,922		12.57		118,340		6.00		157,786		8.00
Common Equity Tier 1 Capital to Risk-Weighted Assets
Consolidated	233,302		11.81		88,896		4.50		N/A		N/A
Colony Bank	247,922		12.57		88,755		4.50		128,202		6.50
Tier 1 Capital to Average Assets
Consolidated	257,531		9.28		111,005		4.00		N/A		N/A
Colony Bank	247,922		8.96		110,679		4.00		138,349		5.00

(dollars in thousands)	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2021
Total Capital to Risk-Weighted Assets
Consolidated	$	207,366	12.05	%	$	137,670	8.00	%	N/A		N/A
Colony Bank	203,265		12.18		133,507		8.00		$	166,884	10.00	%
Tier 1 Capital to Risk-Weighted Assets
Consolidated	194,456		11.28		103,434		6.00		N/A		N/A
Colony Bank	190,355		11.41		100,099		6.00		133,465		8.00
Common Equity Tier 1 Capital to Risk-Weighted Assets
Consolidated	170,956		9.87		77,943		4.50		N/A		N/A
Colony Bank	190,355		11.41		75,074		4.50		108,441		6.50
Tier 1 Capital to Average Assets
Consolidated	194,456		7.25		107,286		4.00		N/A		N/A
Colony Bank	190,355		7.53		101,118		4.00		126,398		5.00