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Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Dividend
On April 23, 2025, the Board of Directors declared a quarterly cash dividend of $0.1150 per share, to be paid on its common stock on May 21, 2025, to shareholders of record as of the close of business on May 7, 2025.
Acquisition of Insurance Company
On April 1, 2025, the Company acquired The Ellerbee Agency, an Allstate appointed consumer property and casualty insurance agency. The agency became part of Colony Insurance, the Company's wholly-owned insurance subsidiary. This acquisition expanded Colony Insurance's footprint and customer base through two new office locations in Monroe and Greensboro, Georgia. The purchase price was $3.5 million and should be immediately accretive to earnings per share of approximately $0.02 in the first full year with expected increases thereafter.