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BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Outstanding Borrowings
The following table presents information regarding the Company’s outstanding borrowings at December 31, 2024:
DescriptionMaturity DateAmountInterest Rate
(dollars in thousands)
FHLB AdvancesDecember 22, 2027$15,000 4.00%
FHLB AdvancesJanuary 28, 202820,000 3.87%
FHLB AdvancesFebruary 15, 202820,000 3.83%
FHLB AdvancesApril 5, 202825,000 3.69%
FHLB AdvancesApril 6, 202625,000 3.90%
FHLB AdvancesMay 2, 202930,000 4.73%
FHLB AdvancesMarch 25, 202525,000 4.46%
FHLB AdvancesMarch 26, 202525,000 4.46%
Subordinated notesMay 20, 203238,810 5.25%
Subordinated debentures(1)24,229 (1)
Total borrowings$248,039 
(1) See individual maturity dates and interest rates in table below.


The following table presents information regarding the Company’s outstanding borrowings at December 31, 2023:

DescriptionMaturity DateAmountInterest Rate
(dollars in thousands)
FHLB AdvancesDecember 22, 2027$15,000 4.00%
FHLB AdvancesJanuary 28, 202820,000 3.87%
FHLB AdvancesFebruary 15, 202820,000 3.83%
FHLB AdvancesApril 5, 202825,000 3.69%
FHLB AdvancesApril 6, 202625,000 3.90%
FHLB AdvancesSeptember 30, 202420,000 5.57%
FHLB AdvancesMarch 25, 202425,000 5.51%
FHLB AdvancesMarch 26, 202425,000 5.51%
Subordinated notesMay 20, 203239,216 5.25%
Subordinated debentures(1)24,229 (1)
Total borrowings$238,445 
(1) See individual maturity dates and interest rates in table below.
Schedule of Subordinated Debentures
The following table presents the information regarding the Company's subordinated debentures at December 31, 2024 and 2023. All subordinated debentures are at benchmark rates based on SOFR plus a spread adjustment plus a margin at December 31, 2024.
 
DescriptionDateAmountAdded
Margin 		Total
Interest
Rate		Maturity5-Year
Call Option
(dollars in thousands)
Colony Bankcorp Statutory Trust IIIJune 16, 2004$4,640 2.68%7.29 %June 17, 2034June 17, 2009
Colony Bankcorp Capital Trust IApril 13, 20065,155 1.50%6.09 %June 30, 2036April 13, 2011
Colony Bankcorp Capital Trust IIMarch 12, 20079,279 1.65%6.24 %March 30, 2037March 12, 2012
Colony Bankcorp Capital Trust IIISeptember 14, 20075,155 1.40%6.25 %October 30, 2037September 14, 2012
Total$24,229