Colony Bankcorp (CBAN) 10-K16 Mar 232022 FY Annual reportFinancial data

Company Profile

Cover page

Cover page - USD ($) $ in Millions	12 Months Ended
Cover page - USD ($) $ in Millions	Dec. 31, 2022	Mar. 14, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	000-12436
Entity Registrant Name	COLONY BANKCORP, INC.
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-1492391
Entity Address, Address Line One	115 South Grant Street
Entity Address, City or Town	Fitzgerald
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	31750
City Area Code	229
Local Phone Number	426-6000
Title of 12(b) Security	Common Stock, Par Value $1.00 per share
Trading Symbol	CBAN
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 244.8
Entity Common Stock, Shares Outstanding		17,593,879
Documents Incorporated by Reference	Portions of the Registrant’s Proxy Statement for the 2023 Annual Meeting of Shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K to the extent stated herein. Such Proxy Statement will be filed with the Securities and Exchange Commission within 120 days after the end of the registrant’s fiscal year ended December 31, 2022.
Entity Central Index Key	0000711669
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2022	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	Mauldin & Jenkins, LLC	Mauldin & Jenkins, LLC
Auditor Firm ID	669	669
Auditor Location	Albany, Georgia	Albany, Georgia

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 20,584	$ 18,975
Fed Funds sold and interest-bearing deposits in banks	60,094	178,257
Cash and cash equivalents	80,678	197,232
Investment securities available for sale, at fair value	432,553	938,164
Investment securities held to maturity, at amortized cost (fair value $411,264)	465,858
Other investments	13,793	14,012
Loans held for sale	17,743	38,150
Loans	1,737,106	1,337,977
Allowance for loan losses	(16,128)	(12,910)
Net loans	1,720,978	1,325,067
Premises and equipment	41,606	43,033
Other real estate owned	651	281
Goodwill	48,923	52,906
Other intangible assets	5,664	7,389
Bank-owned life insurance	55,504	55,159
Deferred income taxes, net	28,199	3,644
Other assets	24,420	16,678
Total assets	2,936,570	2,691,715
Liabilities and stockholders’ equity
Noninterest-bearing	569,170	552,576
Interest-bearing	1,921,827	1,822,032
Total deposits	2,490,997	2,374,608
Federal Home Loan Bank advances	125,000	51,656
Other borrowed money	78,352	36,792
Other liabilities	11,953	10,952
Total liabilities	2,706,302	2,474,008
Commitments and Contingencies (Note 14)
Stockholders’ equity
Preferred stock, stated value $1,000; 10,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2022 and 2021	0	0
Common stock, par value $1; 50,000,000 shares authorized, 17,598,123 and 13,673,898 shares issued and outstanding as of December 31, 2022 and 2021	17,598	13,674
Paid-in capital	167,537	111,021
Retained earnings	111,573	99,189
Accumulated other comprehensive loss, net of tax	(66,440)	(6,177)
Total stockholders’ equity	230,268	217,707
Total liabilities and stockholders’ equity	$ 2,936,570	$ 2,691,715

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Stockholders’ equity
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)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	17,598,123	13,673,898
Common stock, shares outstanding (in shares)	17,598,123	13,673,898

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Interest income
Loans, including fees	$ 70,717	$ 60,112
Investment securities	19,887	10,260
Deposits with other banks and short term investments	886	214
Total interest income	91,490	70,586
Interest expense
Deposits	5,876	2,601
Federal funds purchased	54	0
Federal Home Loan Bank advances	2,564	691
Paycheck Protection Program Liquidity Facility	0	93
Other borrowings	2,371	1,012
Total interest expense	10,865	4,397
Net interest income	80,625	66,189
Provision for loan losses	3,370	700
Net interest income after provision for loan losses	77,255	65,489
Noninterest income
Gain on sales of SBA loans	6,216	7,547
Loss on sales of securities	(82)	(87)
BOLI income	1,313	1,041
Other	2,819	1,434
Total noninterest income	35,072	36,290
Noninterest expenses
Salaries and employee benefits	52,809	45,596
Occupancy and equipment	6,534	6,149
Acquisition related expenses	142	4,617
Information technology expense	9,947	7,673
Professional fees	3,432	2,750
Advertising and public relations	3,664	2,705
Communications	1,602	1,373
Writedown of building	0	90
Other	11,345	7,672
Total noninterest expense	89,475	78,625
Income before income taxes	22,852	23,154
Income taxes	3,310	4,495
Net income	$ 19,542	$ 18,659
Net income per share of common stock
Basic (in dollars per share)	$ 1.14	$ 1.66
Diluted (in dollars per share)	1.14	1.66
Cash dividends declared per share of common stock (in dollars per share)	$ 0.43	$ 0.41
Weighted average shares outstanding, basic (in shares)	17,191,079	11,254,130
Weighted average shares outstanding, diluted (in shares)	17,191,079	11,254,130
Service charges on deposits
Noninterest income
Non interest revenue from banking services	$ 7,875	$ 6,213
Mortgage fee income
Noninterest income
Non interest revenue from banking services	8,550	13,213
Interchange fees
Noninterest income
Non interest revenue from banking services	$ 8,381	$ 6,929

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 19,542	$ 18,659
Other comprehensive loss:
Net unrealized losses on investment securities arising during the period	(63,230)	(16,491)
Tax effect	8,851	3,463
Reclassification adjustment for amortization of unrealized holding losses included in accumulated other comprehensive income (loss) from the transfer of securities from available for sale to held to maturity	(6,925)	0
Tax effect	970	0
Reclassification adjustment for losses on sales of securities available for sale included in net income	82	87
Tax effect	(11)	(17)
Change in unrealized losses on securities available for sale, net of reclassification adjustment and tax effects	(60,263)	(12,958)
Comprehensive (loss) income	$ (40,721)	$ 5,701

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANEGS IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Paid-in capital	Retained earnings	Accumulated other comprehensive income (loss)
Balance at beginning of period (in shares) at Dec. 31, 2020		0	9,498,783
Balance at beginning of period at Dec. 31, 2020	$ 144,488	$ 0	$ 9,499	$ 43,215	$ 84,993	$ 6,781
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(12,958)					(12,958)
Dividends on common shares	(4,463)				(4,463)
Issuance of common stock (in shares)			3,987,815
Issuance of common stock, net	71,382		$ 3,988	67,394
Issuance of restricted stock, net (in shares)			187,300
Issuance of restricted stock, net of forfeitures	0		$ 187	(187)
Stock-based compensation expense, net	599			599
Net income	18,659				18,659
Balance at end of period (in shares) at Dec. 31, 2021		0	13,673,898
Balance at end of period at Dec. 31, 2021	217,707	$ 0	$ 13,674	111,021	99,189	(6,177)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(60,263)					(60,263)
Dividends on common shares	(7,158)				(7,158)
Issuance of common stock (in shares)			3,848,485
Issuance of common stock, net	59,468		$ 3,848	55,620
Issuance of restricted stock, net (in shares)			130,720
Issuance of restricted stock, net of forfeitures	0		$ 131	(131)
Tax withholding related to vesting of restricted stock (in shares)			(14,980)
Tax withholding related to vesting of restricted stock	(231)		$ (15)	(216)
Repurchase of shares (in shares)			(40,000)
Repurchase of shares	(540)		$ (40)	(500)
Stock-based compensation expense, net	1,743			1,743
Net income	19,542				19,542
Balance at end of period (in shares) at Dec. 31, 2022		0	17,598,123
Balance at end of period at Dec. 31, 2022	$ 230,268	$ 0	$ 17,598	$ 167,537	$ 111,573	$ (66,440)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 19,542	$ 18,659
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	3,370	700
Depreciation, amortization and accretion	11,629	8,628
Stock-based compensation expense	1,743	599
Losses on sales of securities available for sale	82	87
Net increase in servicing asset	(554)	(1,040)
Loss on sales and writedowns of other real estate and repossessions	0	48
(Gain) losses on sales of premises & equipment	(62)	49
Gain on sale of bank owned buildings	0	(96)
Writedowns on sale of bank owned buildings	0	90
Increase in bank owned life insurance	(1,353)	(1,042)
Equity method investment income	364	44
Deferred tax expense	1,130	(2,739)
Donation of other real estate owned	35	0
Gain on sales of SBA loans	(6,216)	(7,547)
Origination of loans held for sale	(317,997)	(439,160)
Proceeds from sales of loans held for sale	344,620	460,943
Change in other assets	(7,593)	2,041
Change in other liabilities	1,001	(4,160)
Net cash provided by operating activities	49,741	36,104
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investment securities available for sale	(174,219)	(460,500)
Proceeds from maturities, calls, and paydowns of investment securities available for sale	54,859	103,002
Proceeds from sales of investment securities available for sale	60,924	96,781
Proceeds from maturities, calls, and paydowns of investment securities held to maturity	11,592	0
Net change in loans	(399,871)	28,450
Purchase of premises and equipment	(2,895)	(5,838)
Proceeds from sales of other real estate and repossessions	0	1,360
(Purchase) redemption of equity securities	3,306	(9,500)
Purchase of bank-owned life insurance	0	0
Proceeds from bank owned life insurance	1,008	752
Redemption (purchase of) Federal Home Loan Bank stock	(3,451)	2,308
Proceeds from sale of bank owned buildings	0	1,535
Proceeds from sales of premises and equipment	519	17
Net cash and cash equivalents received from bank acquisition	0	37,511
Net cash and cash equivalents paid in insurance acquisitions	0	(4,210)
Net cash used in investing activities	(448,228)	(208,332)
CASH FLOWS FROM FINANCING ACTIVITIES
Change in noninterest-bearing customer deposits	16,594	86,307
Change in interest-bearing customer deposits	99,795	211,899
Dividends paid on common stock	(7,158)	(4,463)
Repayment of Paycheck Protection Program Liquidity Fund	0	(106,789)
Proceeds from Federal Home Loan Bank advances	430,000	0
Repayments of Federal Home Loan Bank advances	(357,500)	0
Issuance of subordinated debt, net	39,068	0
Increase (decrease) in other borrowings	2,437	(1,000)
Issuance of common stock, net	59,468	0
Repurchase of shares	(540)	0
Cash paid for tax withholding related to vesting of restricted stock	(231)	0
Net cash provided by financing activities	281,933	185,954
Net increase (decrease) in cash and cash equivalents	(116,554)	13,726
Cash and cash equivalents at beginning of period	197,232	183,506
Cash and cash equivalents at end of period	80,678	197,232
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for interest	10,222	4,387
Cash paid during the period for income taxes	3,836	3,859
NONCASH INVESTING AND FINANCING ACTIVITIES
Transfers to other real estate	405	145
Change in goodwill	(3,984)	0
Available-for-sale to held-to-maturity, transfer unrealized loss	34,000
Carrying amount of securities AFS transferred to HTM, net of $34.0 million unrealized loss	$ 510,956	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business Colony Bankcorp, Inc. and subsidiaries (the “Company”) is a financial holding company headquartered in Fitzgerald, Georgia, whose primary business is presently conducted by Colony Bank, its wholly owned banking subsidiary (the “Bank”). Through the Bank, the Company offers a broad range of retail and commercial banking services to its customers concentrated in central, south and coastal Georgia. The Bank also engages in mortgage banking and SBA lending, and, as such originates, acquires, sells and services one-to-four family residential mortgage loans and SBA loans in the Southeast. The Company is subject to the regulations of certain state and federal agencies and are periodically examined by those regulatory agencies. The Company also provides an option for its customers to purchase insurance services including vehicle, home, renters and life insurance. Additionally, Colony Risk Management, Inc. is a subsidiary of the Company and is located in Las Vegas, Nevada. It is a captive insurance subsidiary which insures various liability and property damage policies for the Company and its related subsidiaries. Colony Risk Management is regulated by the State of Nevada Division of Insurance. Basis of Presentation and Accounting Estimates The consolidated financial statements include the accounts of Colony Bankcorp, Inc. and its wholly owned subsidiaries, Colony Bank and Colony Risk Management. All significant intercompany transactions and balances have been eliminated in consolidation. In preparing the consolidated financial statements in conformity with generally accepted accounting principles in the United States, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Acquisition Accounting Acquisitions are accounted for under the acquisition method of accounting. Purchased assets and assumed liabilities are recorded at their estimated fair values as of the purchase date. Any identifiable intangible assets are also recorded at fair value. When the consideration given is less than the fair value of the net assets received, the acquisition results in a “bargain purchase gain”. If the consideration given exceeds the fair value of the net assets received, goodwill is recognized. Fair values are subject to refinement for up to one year after the closing date of an acquisition as additional information regarding the closing date fair values becomes available. All identifiable intangible assets that are acquired in a business combination are recognized at fair value on the acquisition date. Identifiable intangible assets are recognized separately if they arise from contractual or other legal rights or if they are separable (i.e., capable of being sold, transferred, licensed, rented, or exchanged separately from the entity). Purchased loans acquired in a business combination are recorded at estimated fair value on their purchase date and carryover of the seller's related allowance for loan losses is prohibited. When the loans have evidence of credit deterioration since origination and it is probable at the date of acquisition that the Company will not collect all contractually required principal and interest payments, the difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the non-accretable difference. The Company must estimate expected cash flows at each reporting date. Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. Subsequent increases in expected cash flows result in a reversal of the provision for loan losses to the extent of prior provisions and adjust accretable discount if no prior provisions have been made or have been fully reversed. This increase in accretable discount will have a positive impact on future interest income. Transfer of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, 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 the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Cash and Cash Equivalents For purposes of reporting cash flow, cash and cash equivalents include cash on hand, cash items in process of collection, amounts due from banks, interest-bearing deposits in banks and federal funds sold. Investment Securities The Company classifies its investment securities in one of three categories: (i) trading, (ii) held to maturity or (iii) available for sale. Trading securities are bought and held principally for the purpose of selling them in the near term. Held to maturity securities are those securities for which the Company has the ability and intent to hold until maturity. All other investment securities are classified as available for sale. At December 31, 2022, securities were classified as either held to maturity or available for sale. At December 31, 2021, all securities were classified as available for sale. Trading securities are carried at fair value. Unrealized gains and losses on trading securities are recorded in earnings as a component of other noninterest income. Held to maturity securities are recorded initially at cost and subsequently adjusted for paydowns and amortization of purchase premium or accretion of purchase discount. Available for sale securities are carried at fair value. Unrealized holding gains and losses, net of the related deferred tax effect, on available for sale securities are excluded from earnings and are reported in other comprehensive income as a separate component of shareholders’ equity until realized. Transfers of securities between categories are recorded at fair value at the date of transfer. Unrealized holding gains or losses associated with transfers of securities from held to maturity to available for sale are recorded as a separate component of shareholders’ equity. These unrealized holding gains or losses are amortized into income over the remaining life of the security as an adjustment to the yield in a manner consistent with the amortization or accretion of the original purchase premium or discount on the associated security. The amortization of premiums and accretion of discounts are recognized in interest income using methods approximating the interest method over the expected life of the securities. Realized gains and losses, determined on the basis of the cost of specific securities sold, are included in earnings on the trade date. A decline in the market value of any available for sale or held to maturity investment below cost that is deemed other than temporary establishes a new cost basis for the security. Other than temporary impairment deemed to be credit related is charged to earnings. Other than temporary impairment attributed to non-credit related factors is recognized in other comprehensive income. In determining whether other-than-temporary impairment losses exist, management considers (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer or underlying collateral of the security, and (iii) the Company’s 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. Other Investments Other investments include managed investment funds which are carried at their fair value and unrealized gains or losses are recorded through earnings as a component of noninterest income. Federal Home Loan Bank (“FHLB”) and First National Bankers Bank ("FNBB") stock are also included in other investments. These investments do not have a readily determinable market value due to restrictions placed on transferability and therefore are carried at cost. These other investments are periodically evaluated for impairment based on ultimate recovery of par value or cost basis. Both cash and stock dividends are reported as income. Loans Held for Sale Mortgage and SBA loans held for sale are carried at the lower of aggregate cost or estimated fair value, as determined by outstanding commitments from third party investors in the secondary market. Adjustments to reflect unrealized gains and losses resulting from changes in fair value of mortgage loans held for sale and realized gains and losses upon ultimate sale of the mortgage loans held for sale are classified as mortgage fee income in the consolidated statements of income. Adjustments to reflect unrealized gains and losses resulting from changes in fair value of SBA loans held for sale and realized gains and losses upon ultimate sale of the SBA loans held for sale are classified as gain on sale of SBA loans in the consolidated statements of income. Loans Loans are reported at their outstanding principal balances less unearned income, net of deferred fees and origination costs. Interest income is accrued on the outstanding principal balance. For all classes of loans, the accrual of interest on loans is discontinued when, in management’s opinion, the borrower may be unable to make payments as they become due, unless the loan is well secured and in the process of collection. Non-accrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. All interest accrued, but not collected for loans that are placed on nonaccrual or charged off, is reversed against interest income. Interest income on nonaccrual loans is applied against principal until the loans are returned to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. 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 loan balance to be uncollectable. 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 Bank examiners 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. The decision whether 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 the staff appraiser and appraisal department. 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 25 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 may not be 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 initial 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. The restructuring of a loan is considered a “troubled debt restructuring” if both (i) the borrower is experiencing financial difficulties and (ii) the Company has granted a concession. Concessions may include interest rate reductions to below market interest rates, principal forgiveness, restructuring amortization schedules and other actions intended to minimize potential losses. The Company’s policy requires a restructure request to be supported by a current, well-documented credit evaluation of the borrower’s financial condition and a collateral evaluation that is no older than six months from the date of the restructure. The Company’s policy states in the event a loan has been identified as a troubled debt restructuring, it should be assigned a grade of substandard and placed on nonaccrual status until such time that the borrower has demonstrated the ability to service the loan payments based on the restructured terms – generally defined as six months of satisfactory payment history. The Company’s loan policy states that a nonaccrual loan may be returned to accrual status when (i) none of its principal and interest is due and unpaid, and the Company expects repayment of the remaining contractual principal and interest, or (ii) it otherwise becomes well secured and in the process of collection. Restoration to accrual status on any given loan must be supported by a well-documented credit evaluation of the borrower’s financial condition and the prospects for full repayment, approved by the Company’s Chief Credit Officer, Senior Credit Officer, Director of Administration or Regional Credit Officer. In the normal course of business, the Company renews loans with a modification of the interest rate or terms that are not deemed as troubled debt restructurings because the borrower is not experiencing financial difficulty. 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. Commitments and Financial Instruments Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and standby letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Premises and Equipment Land is carried at cost. Other premises and equipment are carried at cost, less accumulated depreciation computed on the straight-line method over the estimated useful lives of the assets. In general, estimated lives for buildings are up to 40 years, furniture and equipment useful lives range from five three Leases The Company has entered into various operating leases for certain branch locations, ATM locations, loan production offices, and corporate support services locations. Generally, these leases have initial lease terms of 13 years or less. Many of the leases have one or more lease renewal options. The exercise of lease renewal options is at our sole discretion. The Company does not consider exercise of any lease renewal options reasonably certain. Certain of our lease agreements contain early termination options. No renewal options or early termination options have been included in the calculation of the operating right-of-use assets or operating lease liabilities. Certain of our lease agreements provide for periodic adjustments to rental payments for inflation. At the commencement date of the lease, the Company recognizes a lease liability at the present value of the lease payments not yet paid, discounted using the discount rate for the lease or the Company’s incremental borrowing rate. As the majority of the Company's leases do not provide an implicit rate, the Company uses its incremental borrowing rate at the commencement date in determining the present value of lease payments. The incremental borrowing rate is based on the term of the lease. At the commencement date, the company also recognizes a right-of-use asset measured at (i) the initial measurement of the lease liability; (ii) any lease payments made to the lessor at or before the commencement date less any lease incentives received; and (iii) any initial direct costs incurred by the lessee. Leases with an initial term of 12 months or less are not recorded on the balance sheet. For these short-term leases, lease expense is recognized on a straight-line basis over the lease term. At December 31, 2022, the Company had no leases classified as finance leases. Goodwill and Intangible Assets Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired. Goodwill is assigned to reporting units and tested for impairment at least annually, or on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value. Intangible assets consist of core deposit and customer relationship intangibles acquired in connection with a business combination. The core deposit intangible is initially recognized based on an independent valuation performed as of the acquisition date. The core deposit intangible is amortized by the straight-line method over the average remaining life of the acquired customer deposits. The customer relationship intangible is associated with the acquisition of several insurance companies during 2021. The customer intangible assets were also initially recognized based on independent valuations performed as of the acquisition date and are being amortized by the straight-line method over 10 years. Cash Value of Bank Owned Life Insurance The Company has purchased life insurance policies on certain officers. The life insurance is 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 other amounts due that are probable at settlement. 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 foreclosed property expense. 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 basis. 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. The Company’s federal and state income tax returns for tax years 2022, 2021, 2020 and 2019 are subject to examination by the Internal Revenue Service (IRS) and the Georgia Department of Revenue, generally for three years after filing. The Company believes that its income tax filing positions taken or expected to be taken on its tax returns will more likely than not be sustained upon audit by the taxing authorities and does not anticipate any adjustments that will result in a material adverse impact on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded. Revenue Recognition The Company's' contracts with customers generally do not contain terms that require significant judgment to determine the amount of revenue to recognize. The Company's' policies for recognizing noninterest income that falls within the scope of ASC Topic 606, and include service charges on deposits, interchange fees, and insurance revenue (included with other noninterest income). Service charges on deposits include both account maintenance fees and overdraft fees and revenue from safe deposit box rental fees and lockbox services and ATM fees. Revenue is recognized for these services either over time, corresponding with deposit accounts' monthly cycle, or at a point in time for transaction-related services and fees. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to clients' accounts. Safe deposits and lockbox service fees are recognized over time, on a monthly basis, as the Company's' performance obligation for services is satisfied. ATM fees are transaction-based fees recognized at the time the transaction is executed as that is the point at which the Company satisfies the performance obligation. Interchange fees include debit card interchange fees. Debit card interchange fees are earned from debit card holder transactions conducted through various payment networks. Interchange fees from debit card holders transactions represent a percentage of the underlying transaction amount and are recognized daily, concurrently with the transaction processing services provided to the debit cardholder. Other income includes insurance revenue (included in other noninterest income on the consolidated statements of income): Insurance revenue primarily consists of commissions received on insurance products sold. The commissions are recognized as revenue when the client executes an insurance policy with the insurance carrier. In some cases, the company receives payment of trailing commissions each year when the client pays its annual premium. Earnings per Share Basic earnings per share are computed by dividing net income allocated to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share are computed by dividing net income allocated to common shareholders by the sum of the weighted-average number of shares of common stock outstanding and the effect of the issuance of potential common shares that are dilutive. Potential common shares consist of restricted shares for the years ended December 31, 2022 and 2021, and are determined using the treasury stock method. The Company has determined that its outstanding non-vested stock awards are participating securities, and all dividends on these awards are paid similar to other dividends. Comprehensive Income (Loss) 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. 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 as total comprehensive income (loss). Fair Value Measures Fair values of assets and liabilities are estimated using relevant market information and other assumptions, as more fully disclosed in Note 16. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates. Operating Segments The Company has three reportable segments, the Banking Division, the Retail Mortgage Division and the Small Business Specialty Lending Division. The Banking Division derives its revenues from the delivery of full service financial services to include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division derives its revenues from the origination, sales and servicing of one-to-four family residential mortgage loans. The Small Business Specialty Lending Division derives its revenues from origination, sales and servicing of SBA and USDA government guaranteed loans. The Banking, Retail Mortgage and Small Business Specialty Lending Divisions are managed as separate business units because of the different products and services they provide. The Company evaluates performance and allocates resources based on profit or loss from operations. There are no material intersegment sales or transfers. Reclassifications Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on stockholders’ equity or net income. Accounting Standards Updates Pending Adoption ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). This ASU sets forth a “current expected credit loss” (CECL) model which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supported forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. On October 16, 2019, the Financial Accounting Standards Board ("FASB") voted to extend the delay of the effective date of this ASU for smaller reporting companies, such as the Company, until fiscal years beginning after December 15, 2022. The Company adopted this ASU In March 2020, the FASB issued ASU No. 2020-04, Reference Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). This ASU provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. It provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The updated guidance was originally effective for all entities from March 12, 2020 through December 31, 2022. In December 2022, the FASB issued ASU 2022-06 which deferred the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. The Company has been diligent in responding to reference rate reform and does not anticipate a significant impact to its financial statements as a result. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. This ASU provides guidance on eliminating the requirement for classification of and disclosures around troubled debt restructurings. The purpose of this guidance is to eliminate unnecessary and overly-complex disclosures of loan

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	12 Months Ended
BUSINESS COMBINATIONS	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS Acquisition of SouthCrest Financial Group On August 1, 2021, the Company completed its acquisition of SouthCrest Financial Group, Inc. (“SouthCrest”), a bank holding company headquartered in Atlanta, Georgia. Upon consummation of the acquisition, SouthCrest was merged with and into the Company, with Colony Bankcorp, Inc. as the surviving entity in the merger. Immediately following the holding company merger, SouthCrest’s wholly owned bank subsidiary, SouthCrest Bank, N.A. was also merged with and into the Bank. The acquisition expanded the Company’s market presence, as SouthCrest Bank, N.A. had eight full-service banking locations, one in Cedartown, Chickamauga, Cumming, Fayetteville, Luthersville, Manchester, Rockmart and Thomaston, Georgia. Under the terms of the Agreement and Plan of Merger, each SouthCrest shareholder had the option to receive either $10.45 in cash or 0.7318 shares of the Company’s common stock in exchange for each share of SouthCrest stock. As a result, the Company issued 3,987,815 common shares at a fair value of $71.4 million and paid $21.6 million in cash to the former shareholders of SouthCrest as merger consideration. The merger was effected by the issuance of shares of the Company’s common stock along with cash consideration to shareholders of SouthCrest. The assets and liabilities of SouthCrest as of the effective date of the merger were recorded at their respective estimated fair values and combined with those of the Company. The excess of the purchase price over the net estimated fair values of the acquired assets and liabilities was allocated to identifiable intangible assets with the remaining excess allocated to goodwill. Goodwill of $35.0 million was recorded as part of the SouthCrest acquisition and is not expected to be deductible for income tax purposes. The Company recorded a subsequent adjustment within the one year period allowed after the acquisition of approximately $4.0 million in 2022 primarily related to premises and equipment and deferred taxes. In periods following the merger, the financial statements of the combined entity will include the results attributable to SouthCrest beginning on the date the merger was completed. For the twelve month period ended December 31, 2021, the revenues attributable to SouthCrest were approximately $7.9 million. In the twelve month period ended December 31, 2021, the net income attributable to SouthCrest was approximately $6.0 million. The supplemental consolidated pro-forma impact to 2021 revenues if the merger had occurred on January 1, 2020 would have been $121.9 million for the year ended December 31, 2021. The supplemental consolidated pro-forma impact to 2021 net income if the merger had occurred on January 1, 2020 would have been $20.8 million for the year ended December 31, 2021. While certain adjustments were made for the estimated impact of certain fair value adjustments, they are not indicative of what would have occurred had the merger taken place on the indicated date nor are they intended to represent or be indicative of future results of operations. In particular, no adjustments have been made to eliminate the amount of SouthCrest’s provision for credit losses or any adjustments to estimate any additional income that would have been recorded as a result of fair value adjustments for 2020 that may have occurred had the acquired loans been recorded at fair value as of the beginning of 2020. In addition, there are no adjustments to reflect any expenses that potentially could have been reduced for 2020 had the merger occurred on January 1, 2020. The following table presents the assets acquired and liabilities assumed of SouthCrest as of August 1, 2021, and their fair value estimates. The fair value estimates are subject to refinement for up to one year after the closing date of the acquisition for new information obtained about facts and circumstances that existed at the acquisition date. The Company continues its evaluation of the facts and circumstances available as of August 1, 2021, to assign fair values to assets acquired and liabilities assumed, which could result in further adjustments to the fair values presented below. (dollars in thousands, except market price) Initial Fair Value Adjustments Purchase price consideration: Shares of CBAN common stock issued to SouthCrest shareholders as of August 1, 2021 3,987,815 Market price of CBAN common stock on July 30, 2021 $ 17.90 Estimated fair value of CBAN common stock issued 71,382 Cash consideration paid 21,620 Total consideration $ 93,002 Assets acquired at fair value: Cash and cash equivalents $ 59,131 Investments securities available for sale 317,857 Restricted investments 3,196 Loans 307,456 Premises and equipment 8,543 Core deposit intangible 4,025 Other real estate 538 Prepaid and other assets 25,393 Total fair value of assets acquired $ 726,139 Liabilities assumed at fair value: Deposits $ (631,375) FHLB advances (29,064) Payables and other liabilities (7,735) Total fair value of liabilities assumed $ (668,174) Net assets acquired at fair value: $ 57,965 Amount of goodwill resulting from acquisition $ 35,037 In the acquisition, the Company purchased $307.5 million of loans at fair value, net of $635,000, or 0.21%, estimated discount to the outstanding principal balance. Of the total loans acquired, management identified $1.2 million that were considered to be credit impaired and are accounted for under ASC Topic 310-30. The table below summarizes the total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and fair value of the loans as of the acquisition date for purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated prepayments. The Company recorded a subsequent adjustment within the one year period allowed after the acquisition of approximately $4.0 million in 2022. (dollars in thousands) Contractually required principal and interest $ 1,154 Non-accretable difference — Cash flows expected to be collected 1,154 Accretable yield — Total purchased credit-impaired loans acquired $ 1,154 The following table presents the acquired loan data for the SouthCrest acquisition. Fair value of Contractually required principal Nonaccretable difference (dollars in thousands) Acquired receivables subject to ASC 310-30 $ 1,154 $ 1,154 $ — Acquired receivables not subject to ASC 310-30 306,302 306,937 — Formation of Colony Insurance On August 1, 2021, September 1, 2021 and October 1, 2021, the Company acquired several insurance agencies and formed Colony Insurance, a division of the Bank and recorded goodwill of $1.9 million and customer deposit intangibles of $2.3 million.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
INVESTMENT SECURITIES	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The amortized cost and estimated fair value of securities available-for-sale and held-to-maturity, along with gross unrealized gains and losses are summarized as follows: (dollars in thousands) December 31, 2022 Amortized Cost Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 1,644 $ — $ (22) $ 1,622 U.S. agency 5,035 — (450) 4,585 Asset backed securities 31,468 — (1,480) 29,988 State, county and municipal securities 126,119 — (21,363) 104,756 Corporate debt securities 54,741 164 (5,320) 49,585 Mortgage-backed securities 271,199 9 (29,191) 242,017 Total $ 490,206 $ 173 $ (57,826) $ 432,553 December 31, 2022 Gross Gross Securities Held to Maturity: U.S. treasury securities $ 91,615 $ — $ (4,149) $ 87,466 U.S. agency 16,409 — (1,838) 14,571 State, county & municipal securities 136,138 32 (19,518) 116,652 Mortgage-backed securities 221,696 — (29,121) 192,575 Total $ 465,858 $ 32 $ (54,626) $ 411,264 December 31, 2021 Amortized Cost Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 88,638 $ — $ (1,087) $ 87,551 U.S. agency 17,916 5 (140) 17,781 State, county and municipal securities 252,632 877 (3,356) 250,153 Corporate debt securities 48,153 520 (265) 48,408 Mortgage-backed securities 539,172 2,160 (7,061) 534,271 Total $ 946,511 $ 3,562 $ (11,909) $ 938,164 The Company transferred certain agency-issued securities from the available-for-sale to held-to-maturity portfolio on January 1, 2022 and September 1, 2022, having a combined book value of approximately $511.0 million and a combined market value of approximately $477.0 million. As of the date of each transfer, the related pre-tax net unrecognized losses of approximately $34.0 million included in other comprehensive loss and remained in other comprehensive loss, to be amortized out of other comprehensive loss over the remaining term of the securities using the effective interest method. This transfer was completed after careful consideration of the Company’s intent and ability to hold these securities to maturity. Factors used in assessing the ability to hold these securities to maturity were future liquidity needs and sources of funding. Information pertaining to available-for-sale securities with gross unrealized losses at December 31, 2022 and December 31, 2021 aggregated by investment category and length of time that securities have been in a continuous unrealized loss position are summarized as follows: Less Than 12 Months 12 Months or More Total (dollars in thousands) Estimated Unrealized Losses Estimated Unrealized Losses Estimated Unrealized Losses December 31, 2022 U.S. treasury securities $ 1,377 $ (17) $ 245 $ (5) $ 1,622 $ (22) U.S. agency 3,221 (257) 1,364 (193) 4,585 (450) Asset backed securities 10,780 (319) 19,208 (1,161) 29,988 (1,480) State, county and municipal securities 29,284 (3,629) 75,472 (17,734) 104,756 (21,363) Corporate debt securities 17,258 (1,463) 30,651 (3,857) 47,909 (5,320) Mortgage-backed securities 122,031 (7,890) 119,409 (21,301) 241,440 (29,191) Total debt securities $ 183,951 $ (13,575) $ 246,349 $ (44,251) $ 430,300 $ (57,826) December 31, 2021 U.S. treasury securities $ 87,302 $ (1,087) $ — $ — $ 87,302 $ (1,087) U.S. agency 10,969 (140) — — 10,969 (140) State, county and municipal securities 180,551 (3,131) 5,970 (225) 186,521 $ (3,356) Corporate debt securities 31,977 (265) — — 31,977 (265) Mortgage-backed securities 377,413 (6,421) 21,129 (640) 398,542 (7,061) Total debt securities $ 688,212 $ (11,044) $ 27,099 $ (865) $ 715,311 $ (11,909) Information pertaining to held-to-maturity securities with gross unrealized losses at December 31, 2022 aggregated by investment category and length of time that individual securities have been in a continuous loss position is summarized as follows: Less Than 12 Months 12 Months or Greater Total (dollars in thousands) Fair Gross Fair Gross Fair Gross December 31, 2022 U.S. Treasury $ — $ — $ 87,466 $ (4,149) $ 87,466 $ (4,149) U.S. agency — — 14,571 (1,838) 14,571 (1,838) State, county & municipal securities 9,858 (1,392) 105,734 (18,126) 115,592 (19,518) Mortgage-backed securities 13,580 (729) 178,995 (28,392) 192,575 (29,121) $ 23,438 $ (2,121) $ 386,766 $ (52,505) $ 410,204 $ (54,626) 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 December 31, 2022, there were 286 available-for-sale securities and 160 held-to-maturity securities that have unrealized losses 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. The amortized cost and fair value of investment securities as of December 31, 2022, 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. Available for Sale Held to Maturity (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 1,319 $ 1,304 $ — $ — Due after one year through five years 14,126 12,871 79,306 75,759 Due after five years through ten years 89,731 76,895 78,975 69,275 Due after ten years 113,831 99,466 85,881 73,655 $ 219,007 $ 190,536 $ 244,162 $ 218,689 Mortgage-backed securities 271,199 242,017 221,696 192,575 $ 490,206 $ 432,553 $ 465,858 $ 411,264 Proceeds from sales of investments available for sale were $60.9 million in 2022 and $96.8 million in 2021. Gross realized gains totaled $24,000 in 2022 and $391,000 in 2021. Gross realized losses totaled $106,000 in 2022 and $478,000 in 2021. Investment securities having a carrying value totaling $541.8 million and $247.4 million as of December 31, 2022 and 2021, respectively, were pledged to secure public deposits and for other purposes.

LOANS

LOANS	12 Months Ended
LOANS	Dec. 31, 2022
Receivables [Abstract]
LOANS	LOANS The following table presents the composition of loans segregated by legacy and purchased loans and by class of loans, as of December 31, 2022 and 2021. Purchased loans are defined as loans that were acquired in bank acquisitions. December 31, 2022 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land & land development $ 216,206 $ 13,229 $ 229,435 Other commercial real estate 847,684 127,763 975,447 Total commercial real estate 1,063,890 140,992 1,204,882 Residential real estate 249,390 40,664 290,054 Commercial, financial & agricultural () 210,413 13,510 223,923 Consumer & other 17,296 951 18,247 Total loans $ 1,540,989 $ 196,117 $ 1,737,106 December 31, 2021 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land & land development $ 119,953 $ 45,493 $ 165,446 Other commercial real estate 595,739 191,653 787,392 Total commercial real estate 715,692 237,146 952,838 Residential real estate 159,469 53,058 212,527 Commercial, financial & agricultural() 113,040 41,008 154,048 Consumer & other 16,003 2,561 18,564 Total loans $ 1,004,204 $ 333,773 $ 1,337,977 (*) Includes $95,000 and $9.0 million in PPP loans as of December 31, 2022 and 2021, respectively. Commercial, financial and agricultural 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. As part of the ongoing monitoring of the credit quality of the loan portfolio, management tracks certain credit quality indicators including trends related to (1) the risk grade assigned to commercial and consumer loans, (2) the level of classified commercial loans, (3) net charge-offs, (4) nonperforming loans, and (5) the general economic conditions in the Company’s geographic markets. 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 10. A description of the general characteristics of the grades is as follows: • Grades 1, 2 and 3 - Borrowers with these assigned risk grades range 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 4 and 5 - 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. These loans are also included in into the “pass” classification. • Grade 6 - 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. • Grades 7 and 8 - These grades 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 grade 8, 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 9 and 10 - 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 7 or 8. The following tables present the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of December 31, 2022. Those loans with a risk grade of 1, 2, 3, 4, and 5 have been combined in the pass column for presentation purposes. For the periods ending December 31, 2022, the Company did not have any loans classified as “doubtful” or a “loss”. (dollars in thousands) Pass Special Substandard Total Loans Construction, land & land development $ 215,265 $ 290 $ 651 $ 216,206 Other commercial real estate 827,300 14,236 6,148 847,684 Total commercial real estate 1,042,565 14,526 6,799 1,063,890 Residential real estate 239,570 5,976 3,844 249,390 Commercial, financial & agricultural 207,935 812 1,666 210,413 Consumer & other 17,206 54 36 17,296 Total loans $ 1,507,276 $ 21,368 $ 12,345 $ 1,540,989 The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of December 31, 2022. (dollars in thousands) Pass Special Substandard Total Loans Construction, land & land development $ 13,229 $ — $ — $ 13,229 Other commercial real estate 123,826 3,326 611 127,763 Total commercial real estate 137,055 3,326 611 140,992 Residential real estate 38,360 598 1,706 40,664 Commercial, financial & agricultural 12,973 73 464 13,510 Consumer & other 951 — — 951 Total loans $ 189,339 $ 3,997 $ 2,781 $ 196,117 The following tables present the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of December 31, 2021. Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes. For the periods ending December 31, 2021, the Company did not have any loans classified as “doubtful” or a “loss”. (dollars in thousands) Pass Special Substandard Total Loans Construction, land & land development $ 116,524 $ 3,154 $ 275 $ 119,953 Other commercial real estate 562,228 25,718 7,793 595,739 Total commercial real estate 678,752 28,872 8,068 715,692 Residential real estate 148,507 5,733 5,229 159,469 Commercial, financial & agricultural 100,282 11,460 1,298 113,040 Consumer & other 15,787 78 138 16,003 Total loans $ 943,328 $ 46,143 $ 14,733 $ 1,004,204 The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of December 31, 2021. (dollars in thousands) Pass Special Substandard Total Loans Construction, land & land development $ 45,432 $ — $ 61 $ 45,493 Other commercial real estate 186,905 3,518 1,230 191,653 Total commercial real estate 232,337 3,518 1,291 237,146 Residential real estate 49,875 563 2,620 53,058 Commercial, financial & agricultural 40,711 — 297 41,008 Consumer & other 2,558 3 — 2,561 Total loans $ 325,481 $ 4,084 $ 4,208 $ 333,773 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 $500,000 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 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, excluding purchased loans, as of December 31, 2022: Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans Construction, land & land development $ — $ — $ — $ 149 $ 216,057 $ 216,206 Other commercial real estate 395 — 395 1,389 845,900 847,684 Total commercial real estate 395 — 395 1,538 1,061,957 1,063,890 Residential real estate 870 — 870 1,875 246,645 249,390 Commercial, financial & agricultural 403 — 403 878 209,132 210,413 Consumer & other 40 — 40 21 17,235 17,296 Total loans $ 1,708 $ — $ 1,708 $ 4,312 $ 1,534,969 $ 1,540,989 The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, for purchased loans, as of December 31, 2022: Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans Construction, land & land development $ — $ — $ — $ — $ 13,229 $ 13,229 Other commercial real estate — — — 120 127,643 127,763 Total commercial real estate — — — 120 140,872 140,992 Residential real estate 12 — 12 811 39,841 40,664 Commercial, financial & agricultural 73 — 73 463 12,974 13,510 Consumer & other — — — — 951 951 Total loans $ 85 $ — $ 85 $ 1,394 $ 194,638 $ 196,117 The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, excluding purchased loans, as of December 31, 2021: Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans Construction, land & land development $ 6 $ — $ 6 $ — $ 119,947 $ 119,953 Other commercial real estate 349 — 349 577 594,813 595,739 Total commercial real estate 355 — 355 577 714,760 715,692 Residential real estate 421 — 421 2,641 156,407 159,469 Commercial, financial & agricultural 69 — 69 708 112,263 113,040 Consumer & other 93 — 93 26 15,884 16,003 Total loans $ 938 $ — $ 938 $ 3,952 $ 999,314 $ 1,004,204 The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, for purchased loans, as of December 31, 2021: Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans Construction, land & land development $ 2,680 $ — $ 2,680 $ 31 $ 42,782 $ 45,493 Other commercial real estate — — — 260 191,393 191,653 Total commercial real estate 2,680 — 2,680 291 234,175 237,146 Residential real estate 560 — 560 1,198 51,300 53,058 Commercial, financial & agricultural 389 — 389 — 40,619 41,008 Consumer & other — — — 8 2,553 2,561 Total loans $ 3,629 $ — $ 3,629 $ 1,497 $ 328,647 $ 333,773 The following table details impaired loan data, including purchased credit impaired loans, as of December 31, 2022: (dollars in thousands) Unpaid Recorded Related Average With No Related Allowance Recorded Construction, land & land development $ 40 $ 40 $ — $ 10 Other commercial real estate 3,754 3,754 — 5,311 Residential real estate 62 62 — 570 Commercial, financial & agricultural — — — 306 Consumer & other — — — 1 Total Impaired Loans with no Allowance 3,856 3,856 — 6,198 With An Allowance Recorded Construction, land & land development 474 474 44 177 Other commercial real estate — — — 503 Residential real estate — — — 588 Commercial, financial & agricultural — — — 369 Consumer & other — — — — Total Impaired Loans with Allowance 474 474 44 1,637 Purchased Credit Impaired Loans Construction, land & land development — — — — Other commercial real estate 798 798 33 760 Residential real estate — — — 13 Commercial, financial & agricultural — — — — Consumer & other — — — 65 Total Purchased Credit Impaired Loans 798 798 33 838 Total Construction, land & land development 514 514 44 187 Other commercial real estate 4,552 4,552 33 6,574 Residential real estate 62 62 — 1,171 Commercial, financial & agricultural — — — 675 Consumer & other — — — 66 $ 5,128 $ 5,128 $ 77 $ 8,673 Interest income recorded on impaired loans during the year ended December 31, 2022 was $724,000, and reflects interest income recorded on nonaccrual loans prior to them being placed on nonaccrual status and interest income recorded on TDRs. Had nonaccrual loans performed in accordance with their original contractual terms, the Company would have recognized additional interest income of approximately $1.3 million for the year ended December 31, 2022. The following table details impaired loan data as of December 31, 2021, including purchased credit impaired loans. (dollars in thousands) Unpaid Recorded Related Average With No Related Allowance Recorded Construction, land & land development $ 62 $ 62 $ — $ 4,311 Other commercial real estate 7,203 6,369 — 8,113 Residential real estate 958 997 — 1,083 Commercial, financial & agricultural 75 75 — 56 Consumer & other — — — — 8,298 7,503 — 13,563 With An Allowance Recorded Construction, land & land development — — — — Other commercial real estate 430 483 148 4,429 Residential real estate 685 773 108 1,029 Commercial, financial & agricultural — — — 79 Consumer & other — — — 1 1,115 1,256 256 5,538 Purchase credit impaired Construction, land & land development — — — 51 Other commercial real estate 2,003 1,916 18 802 Residential real estate 4 — 6 7 Commercial, financial & agricultural — — — 35 Consumer & other 192 73 96 72 2,199 1,989 120 967 Total Construction, land & land development 62 62 — 4,362 Other commercial real estate 9,636 8,768 166 13,344 Residential real estate 1,647 1,770 114 2,119 Commercial, financial & agricultural 75 75 — 170 Consumer & other 192 73 96 73 $ 11,612 $ 10,748 $ 376 $ 20,068 Interest income recorded on impaired loans during the year ended December 31, 2021 was $570,000, and reflects interest income recorded on nonaccrual loans prior to them being placed on nonaccrual status and interest income recorded on TDRs. Had nonaccrual loans performed in accordance with their original contractual terms, the Company would have recognized additional interest income of approximately $1.2 million for the year ended December 31, 2021. 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 the Company’s 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. 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. The Company had no unfunded commitments to lend to a customer that has a troubled debt restructured loan as of December 31, 2022 and 2021. The Company had one commercial real estate loan with outstanding principal balance of $181,000 restructured related to payment terms. The Company had three loan contracts totaling $647,000 restructured and one of these loans which was a construction, land and development loan for $511,000, was subsequently paid off during 2021. The remaining two loan contracts restructured at December 31, 2021 were payment deferral modifications. The loans consisted of two residential real estate loans totaling $136,000. Both residential real estate loans were also placed on non-accrual status as of December 31, 2021. 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. During 2022 and

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	12 Months Ended
ALLOWANCE FOR LOAN LOSSES	Dec. 31, 2022
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	ALLOWANCE FOR LOAN LOSSES The following tables detail activity in the allowance for loan losses, segregated by class of loan, for the year ended December 31, 2022. 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. (dollars in thousands) Construction, Other Residential Commercial, Consumer and Total Year ended December 31, 2022 Beginning balance $ 1,127 $ 7,691 $ 1,805 $ 1,083 $ 1,204 $ 12,910 Charge-offs — (58) (48) (314) (60) (480) Recoveries 25 85 50 139 29 328 Provision 807 1,168 547 1,801 (953) 3,370 Ending balance $ 1,959 $ 8,886 $ 2,354 $ 2,709 $ 220 $ 16,128 Period-end amount allocated to: Individually evaluated for impairment $ 44 $ — $ — $ — $ — $ 44 Collectively evaluated for impairment 1,915 8,853 2,354 2,709 220 16,051 Purchase credit impaired — 33 — — — 33 Ending balance $ 1,959 $ 8,886 $ 2,354 $ 2,709 $ 220 $ 16,128 Loans: Loans individually evaluated for impairment $ 514 $ 3,754 $ 62 $ — $ — $ 4,330 Loans collectively evaluated for impairment 228,921 970,895 289,992 223,923 18,247 1,731,978 Purchased credit impaired — 798 — — — 798 Ending balance $ 229,435 $ 975,447 $ 290,054 $ 223,923 $ 18,247 $ 1,737,106 The following tables detail activity in the allowance for loan losses, segregated by class of loan, for the year ended December 31, 2021. 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. (dollars in thousands) Construction, Other Residential Commercial, Consumer and Total Year ended December 31, 2021 Beginning balance $ 1,013 $ 6,880 $ 2,278 $ 1,713 $ 243 $ 12,127 Charge-offs — (568) (3) (274) (68) (913) Recoveries 466 118 274 91 47 996 Provision (352) 1,261 (744) (447) 982 700 Ending balance $ 1,127 $ 7,691 $ 1,805 $ 1,083 $ 1,204 $ 12,910 Period-end amount allocated to: Individually evaluated for impairment $ — $ 148 $ 108 $ — $ — $ 256 Collectively evaluated for impairment 1,127 7,525 1,691 1,083 1,108 12,534 Purchase credit impaired — 18 6 — 96 120 Ending balance $ 1,127 $ 7,691 $ 1,805 $ 1,083 $ 1,204 $ 12,910 Loans: Loans individually evaluated for impairment $ 62 $ 6,852 $ 1,770 $ 75 $ — $ 8,759 Loans collectively evaluated for impairment 165,384 778,624 210,757 153,973 18,491 1,327,229 Purchase credit impaired — 1,916 — — 73 1,989 Ending balance $ 165,446 $ 787,392 $ 212,527 $ 154,048 $ 18,564 $ 1,337,977

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
PREMISES AND EQUIPMENT	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT Premises and equipment are comprised of the following as of December 31: (dollars in thousands) 2022 2021 Land $ 12,944 $ 11,848 Building 37,718 38,777 Furniture, fixtures and equipment 19,524 17,792 Leasehold improvements 1,099 1,073 Construction in progress 942 1,946 Total cost 72,227 71,436 Accumulated depreciation (30,621) (28,403) Total premises and equipment $ 41,606 $ 43,033 Depreciation charged to operations totaled $2.7 million in both 2022 and 2021. Construction in progress consists of building and land improvements to six of the Company's bank branches. Cost to complete these projects is expected not to exceed $2.2 million.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
OTHER REAL ESTATE OWNED	Dec. 31, 2022
Real Estate [Abstract]
OTHER REAL ESTATE OWNED	OTHER REAL ESTATE OWNED The following is a summary of the activity in other real estate owned during the years ended December 31, 2022 and 2021: (dollars in thousands) 2022 2021 Balance, Beginning of year $ 281 $ 1,006 Loans transferred to other real estate — 145 Acquired in acquisitions — 538 Sales proceeds (35) (1,360) Transfer from other assets 405 — Net loss on sale and writedowns — (48) Ending balance $ 651 $ 281

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
GOODWILL AND INTANGIBLE ASSETS	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The following is an analysis of the core deposit intangible activity for the years ended December 31: 2022 2021 (dollars in thousands) Gross Accumulated Gross Accumulated Amortizable intangible assets: Core deposit intangible $ 7,685 $ 3,965 $ 7,685 $ 2,464 Customer relationship intangible 2,250 306 2,250 82 Total 9,935 4,271 9,935 2,546 Unamortizable intangible assets: Goodwill $ 48,923 $ 52,906 Activity related to transactions since January 1, 2021 includes the following: (1) In connection with the SouthCrest Financial Group, Inc. acquisition on August 1, 2021, the Company recorded $4.0 million in core deposit intangible and $35.0 million in goodwill. The Company recorded a subsequent adjustment within the one year period allowed after the acquisition of approximately $4.0 million reduction in goodwill related to premises and equipment and deferred taxes in 2022. (2) In connection with insurance acquisitions that occurred on August 1, 2021, September 1, 2021, and October 1, 2021, the Company recorded $2.3 million in customer deposit intangibles and $1.9 million in goodwill. Amortization expense related to the intangible assets was $1.7 million and $1.2 million at December 31, 2022 and 2021, respectively. The estimated future amortization expense for intangible assets remaining as of December 31, 2022 is as follows: (dollars in thousands) Amount 2023 $ 1,471 2024 1,217 2025 963 2026 658 2027 453 Thereafter 902 Total $ 5,664

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The income tax expense in the consolidated statements of income for the years ended December 31, 2022 and 2021 are as follows: (dollars in thousands) 2022 2021 Current federal expense $ 2,855 $ 5,316 Deferred federal expense 782 (661) Federal income tax expense 3,637 4,655 Current state expense (474) 663 Deferred state expense 147 (823) State income tax expense (327) (160) Provision for income taxes $ 3,310 $ 4,495 The Company's income tax expense differs from amounts computed by applying the federal statutory rates to income before income taxes. A reconciliation of the differences for the years ended December 31, 2022 and 2021 is as follows: (dollars in thousands) 2022 2021 Tax at federal income tax rate $ 4,799 $ 4,862 Change resulting from: State taxes (258) (126) Tax-exempt interest (541) (404) Income in cash value of bank owned life insurance (329) (219) Tax-exempt insurance premiums (248) — Nondeductible merger expenses — 222 Other (113) 160 Provision for income taxes $ 3,310 $ 4,495 The components of deferred income taxes for the years ended December 31, 2022 and 2021 are as follows: (dollars in thousands) 2022 2021 Deferred Tax Assets Allowance for loan losses $ 4,108 $ 3,290 Lease liability 483 169 Net operating loss carryforwards 3,160 272 Tax credit carryforwards 501 — Deferred compensation 282 297 Unrealized loss on securities available for sale 22,703 2,170 Restricted stock 308 166 Investment in partnerships 195 232 Other 50 19 Gross deferred tax assets 31,790 6,615 Deferred Tax Liabilities Premises and equipment 707 267 Right of use lease asset 467 164 Purchase accounting adjustments 1,779 1,322 Core deposit intangible 638 1,218 Gross deferred tax liabilities 3,591 2,971 Net deferred tax assets $ 28,199 $ 3,644

DEPOSITS

DEPOSITS	12 Months Ended
DEPOSITS	Dec. 31, 2022
Deposits, by Component, Alternative [Abstract]
DEPOSITS	DEPOSITS The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled $612,000 and $626,000 as of December 31, 2022 and 2021, respectively. Components of interest-bearing deposits as of December 31 are as follows: (dollars in thousands) 2022 2021 Interest-bearing demand $ 831,152 $ 930,811 Savings and money market deposits 617,135 541,993 Time, $250,000 and over 114,780 73,407 Other time 358,760 275,821 Total interest-bearing deposits $ 1,921,827 $ 1,822,032 We had $50.8 million and $883,000 in brokered deposits at December 31, 2022 and 2021, respectively. We use brokered deposits, subject to certain limitations and requirements, as a source of funding to support our asset growth and augment the deposits generated from our branch network, which are our principal source of funding. Our level of brokered deposits varies from time to time depending on competitive interest rate conditions and other factors, and tends to increase as a percentage of total deposits when the brokered deposits are less costly than issuing internet certificates of deposit or borrowing from the FHLB. The aggregate amount of jumbo certificates of deposit, each with a minimum denomination of $250,000 was $114.8 million and $73.4 million as of December 31, 2022 and 2021, respectively. As of December 31, 2022, the scheduled maturities of certificates of deposit are as follows: (dollars in thousands) Year Ending December 31 Amount 2023 $ 322,413 2024 88,954 2025 48,840 2026 5,063 2027 7,904 Thereafter 366 Total time deposits $ 473,540

BORROWINGS

BORROWINGS	12 Months Ended
BORROWINGS	Dec. 31, 2022
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS The following table presents information regarding the Company’s outstanding borrowings at December 31, 2022: Description Maturity Date Amount Interest Rate (dollars in thousands) FHLB Advances March 21, 2028 $ 5,000 2.67% FHLB Advances January 5, 2023 20,000 4.18% FHLB Advances January 9, 2023 20,000 4.15% FHLB Advances March 8, 2023 10,000 4.65% FHLB Advances January 17, 2023 20,000 4.15% FHLB Advances January 20, 2023 15,000 4.23% FHLB Advances December 22, 2027 15,000 4.00% FHLB Advances January 30, 2023 20,000 4.23% FRB Discount Window January 5, 2023 15,000 4.10% Subordinated notes May 20, 2032 39,123 5.25% Subordinated debentures (1) 24,229 (1) Total borrowings $ 203,352 (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, 2021: Description Maturity Date Amount Interest Rate (dollars in thousands) FHLB Advances February 3, 2023 $ 3,000 3.51% FHLB Advances March 21, 2028 5,000 2.67% FHLB Advances August 15, 2025 4,500 2.62% FHLB Advances July 30, 2029 10,000 1.01% FHLB Advances July 11, 2029 10,000 1.03% FHLB Advances November 9, 2029 20,000 1.07% Term Note May 24, 2025 7,250 4.70% Revolving Credit July 30, 2022 5,313 2.85% Subordinated debentures (1) 24,229 (1) Fair value adjustment for FHLB Borrowings acquired from SouthCrest (844) N/A Total borrowings $ 88,448 (1) See individual maturity dates and interest rates in table below. As collateral on the outstanding FHLB advances, the Company has provided a blanket lien on its portfolio of qualifying residential first mortgage loans, commercial loans, multifamily loans and HELOC loans, as well as U.S. Treasury and Agency securities. At December 31, 2022 and 2021, the lendable collateral value of those loans and securities pledged was $150.0 million and $130.3 million, respectively. At December 31, 2022, the Company had remaining credit availability from the FHLB of $574.9 million. At December 31, 2021, the Company had remaining credit availability from the FHLB of $574.7 million. The Company may be required to pledge additional qualifying collateral in order to utilize the full amount of the remaining credit line. At December 31, 2022 and 2021, the Company also has available federal funds lines of credit with various financial institutions totaling $64.5 million, of which there were none outstanding at December 31, 2022 and 2021. 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 December 31, 2022, the Company had borrowing capacity available under this arrangement, with $15.0 million outstanding. The Company could be required to pledge certain available-for-sale investment securities as collateral under this agreement. On May 1, 2019, the Company entered into two borrowing arrangements with a correspondent bank for $10.0 million each. The term note is secured by the Bank’s stock, expiring on May 1, 2024, and bears a fixed interest rate of 4.70%. The line of credit is also secured by the Bank's stock, expiring on July 30, 2022, and bears a variable interest rate of Wall Street Journal Prime minus 0.40%. The proceeds were used for the acquisition of LBC Bancshares, Inc. and its subsidiary, Calumet Bank. As of December 31, 2022, the term note and the line of credit were closed and had zero balances, as both were paid off with the proceeds from the Company's public offering of its common stock completed on February 10, 2022. As of December 31, 2021, the outstanding balance of the term note and the line of credit were $7.3 million and $5.3 million, respectively. On May 20, 2022, the Company completed a private placement of $40.0 million in fixed-to-floating rate subordinated notes due 2032 (the “Notes”). The Notes will bear a fixed rate of 5.25% for the first five years and will reset quarterly thereafter to then current three-month Secured Overnight Financing Rate, as published by the Federal Reserve Bank of New York, plus 265 basis points for the five year floating term. The Company is entitled to redeem the Notes, in whole or in part, on any interest payment date on or after May 20, 2027, or at any time, in whole but not in part, upon certain other specified events. At December 31, 2022, $39.1 million of the Notes, net of debt issuance costs were outstanding. The following table presents the information regarding the Company's subordinated debentures at December 31, 2022 and 2021. All subordinated debentures are at three month LIBOR rate plus added points noted below at December 31, 2022 and 2021. Description Date Amount Added Maturity 5-Year (dollars in thousands) Colony Bankcorp Statutory Trust III June 16, 2004 $ 4,640 2.68% June 14, 2034 June 17, 2009 Colony Bankcorp Capital Trust I April 13, 2006 5,155 1.50% April 13, 2036 April 13, 2011 Colony Bankcorp Capital Trust II March 12, 2007 9,279 1.65% March 12, 2037 March 12, 2012 Colony Bankcorp Capital Trust III September 14, 2007 5,155 1.40% September 14, 2037 September 14, 2012 The Trust Preferred Securities are recorded as subordinated debentures on the consolidated balance sheets, and subject to certain limitations, qualify as Tier 1 Capital for regulatory capital purposes. The proceeds from these offerings were used to fund certain acquisitions, pay off holding company debt and inject capital into the Bank subsidiary. The Trust Preferred Securities pay interest quarterly.

LEASES

LEASES	12 Months Ended
LEASES	Dec. 31, 2022
Leases [Abstract]
LEASES	LEASES A lease is defined as a contract, or part of a contract, that conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. On January 1, 2019, the Company adopted ASU No. 2016-2 and all subsequent ASUs that modified this topic (collectively referred to as “Topic 842”). For the Company, Topic 842 primarily affected the accounting treatment for operating lease agreements in which the Company is the lessee. Substantially all of the leases in which the Company is the lessee are comprised of real estate for branches and office space with terms extending through 2028. All of our leases are classified as operating leases, and therefore, were previously not recognized on the Company’s consolidated balance sheet. With the adoption of Topic 842, operating lease arrangements are required to be recognized on the consolidated balance sheet as a right-of-use (“ROU”) asset and a corresponding lease liability. The following table represents the consolidated balance sheet classification of the Company’s ROU assets and liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet. (dollars in thousands) Classification December 31, 2022 December 31, 2021 Assets Operating lease right-of-use assets Other assets $ 1,834 $ 645 Liabilities Operating lease liabilities Other liabilities $ 1,895 $ 663 The calculated amount of the ROU assets and lease liabilities in the table above are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the ROU asset and lease liability. Regarding the discount rate, Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception, on a collateralized basis, over a similar term. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was used. For the year ended December 31, 2022 and 2021, operating lease cost was $615,000 and $351,000, respectively. As of December 31, 2022, the weighted average remaining lease term was 4.66 years and the weighted average discount rate was 4.09%. The following table represents the future maturities of the Company’s operating lease liabilities and other lease information. (dollars in thousands) Year Lease Liability 2023 $ 460 2024 412 2025 383 2026 279 2027 289 Thereafter 72 Total Lease Payments $ 1,895 Supplemental Lease Information: (dollars in thousands) December 31, 2022 December 31, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases (cash payments) $ 549 $ 335 Operating lease right-of-use assets obtained in exchange for leases entered into during the period 1,750 742

COMPENSATION PLANS

COMPENSATION PLANS	12 Months Ended
COMPENSATION PLANS	Dec. 31, 2022
Retirement Benefits [Abstract]
COMPENSATION PLANS	COMPENSATION PLANS The Company offers a defined contribution 401(k) Profit Sharing Plan (the "Plan") which covers substantially all employees who meet certain age and service requirements. The Plan allows employees to make voluntary pre-tax salary deferrals to the Plan. The Company, at its discretion, may elect to make an annual contribution to the Plan equal to a percentage of each participating employee’s salary. Such discretionary contributions must be approved by the Company’s board of directors. Employees are fully vested in the Company contributions after six years of service. In 2022 and 2021, the Company made total contributions of $1.9 million and $1.4 million to the Plan, respectively. Colony Bank, the wholly-owned subsidiary, has deferred compensation plans covering certain former directors and certain officers choosing to participate through individual deferred compensation contracts. In accordance with terms of the contracts, the Bank is committed to pay the participant’s deferred compensation over a specified number of years, beginning at age 65. In the event of a participant’s death before age 65, payments are made to the participant’s named beneficiary over a specified number of years, beginning on the first day of the month following the death of the participant. Liabilities accrued under the plans totaled $1.1 million and $1.2 million as of December 31, 2022 and 2021, respectively. Benefits accrued monthly under the contracts totaled $39,000 in 2022 and $43,000 in 2021. Payments were $151,000 in 2022 and $136,000 in 2021. The Company has purchased life insurance policies on the plans’ participants and uses the cash flow from these policies to partially fund the plan. There was no fee income recognized in 2022 and 2021. The Company awards restricted shares of the Company's common stock to various bank employees with a grant price equal to the market price of the Company's common stock on the grant date. The restricted shares vest in equal installments over three years, subject to continued service through each applicable vesting date, or earlier upon the occurrence of a change in control. With the restricted stock, there will be no cash consideration to the Company for the shares. The employees will have the right to vote all shares subject to such grant and receive all dividends with respect to such shares, whether or not the shares have vested. The following table presents the outstanding balance for restricted stock awards as of December 31, 2022 and 2021. Quantity Weighted-Average Grant Date Fair Value Outstanding at December 31, 2020 1,884 $ 17.73 Granted 187,600 17.93 Vested (1,884) 17.73 Forfeited (300) 17.93 Outstanding at December 31, 2021 187,300 17.93 Granted 139,720 16.11 Vested (71,154) 17.93 Forfeited (9,000) 17.36 Outstanding at December 31, 2022 246,866 16.92 Compensation expense for restricted stock is based on the market price of the Company stock at the time of the grant and amortized on a straight-line basis over the vesting period. Compensation expense recognized for the years ended December 31, 2022 and 2021 was $1.7 million and $599,000, respectively. Total compensation expense unrecognized for the restricted shares granted for the year ended December 31, 2022 was $3.1 million, which is expected to be recognized over a weighted average period of 1.9 years.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Credit-Related Financial Instruments. The Company is a party to credit-related financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit and commercial letters of credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments. At December 31, 2022 and 2021, the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount 2022 2021 (dollars in thousands) Commitments to extend credit $ 379,997 $ 318,853 Standby letters of credit 3,333 4,869 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. Legal Contingencies. In the ordinary course of business, there are various legal proceedings pending against Colony and its subsidiaries. The aggregate liabilities, if any, arising from such proceedings would not, in the opinion of management, have a material adverse effect on Colony’s consolidated financial position.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2022
Loans and Leases Receivable, Related Parties Disclosure [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The following table reflects the activity and aggregate balance of direct and indirect loans to directors, executive officers or principal holders of equity securities of the Company. All such loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and do not involve more than a normal risk of collectability. A summary of activity of related party loans is shown below: (dollars in thousands) 2022 2021 Balance, Beginning $ 7,732 $ 5,043 New loans 1,182 6,576 Repayments (5,471) (5,721) Transactions due to changes in directors — 1,834 Balance, Ending $ 3,443 $ 7,732

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Generally accepted accounting standards in the U.S. require disclosure of fair value information about financial instruments, whether or not recognized on the face of the balance sheet, for which it is practicable to estimate that value. The assumptions used in the estimation of the fair value of Colony Bancorp, Inc. and subsidiaries 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. Generally accepted accounting principles related to Fair Value Measurements define fair value, establish a framework for measuring fair value, establish a three-level valuation hierarchy for disclosure of fair value measurement and enhance disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: • 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. 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 - For cash, due from banks, bank-owned deposits and federal funds sold, the carrying amount is a reasonable estimate of fair value and is classified Level 1. Investment securities - Fair values for investment securities are based on quoted market prices where available and classified as Level 1. If quoted market prices are not available, estimated fair values are based on quoted market prices of comparable instruments and classified as Level 2. If a comparable is not available, the investment securities are classified as Level 3. Other investments - The fair value of other bank stock approximates carrying value and is classified as Level 2. Fair values for investment funds are based on quoted market prices where available and classified as Level 1. If quoted market prices are not available, estimated fair values are based on quoted market prices of comparable instruments and classified as Level 2 If a comparable is not available, the investment securities are classified as Level 3. Loans held for sale – The fair value of loans held for sale is determined on outstanding commitments from third party investors in the secondary markets and is classified within Level 2 of the valuation hierarchy. Loans - The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings. For variable rate loans, the carrying amount is a reasonable estimate of fair value. Loans are classified as Level 3. Deposit liabilities - The fair value of demand deposits, savings accounts and certain money market deposits is the amount payable on demand at the reporting date and is classified as Level 1. The fair value of fixed maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities and is classified as Level 2. Federal Home Loan Bank advances – The fair value of Federal Home Loan Bank advances is estimated by discounting the future cash flows using the current rates at which similar advances would be obtained. Federal Home Loan Bank advances are classified as Level 2. Other borrowings – The fair value of other borrowings is calculated by discounting contractual cash flows using an estimated interest rate based on current rates available to the Company for debt of similar remaining maturities and collateral terms. Other borrowings is classified as Level 2 due to their expected maturities. 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 are as follows: Carrying Estimated Level (dollars in thousands) Amount Fair Value 1 2 3 December 31, 2022 Assets Cash and short-term investments $ 80,678 $ 80,678 $ 80,678 $ — $ — Investment securities available for sale 432,553 432,553 — 416,957 15,596 Investment securities held to maturity 465,858 411,264 — 411,264 — Other investments 13,793 13,793 — 13,003 790 Loans held for sale 17,743 17,743 — 17,743 — Loans, net 1,720,978 1,469,707 — — 1,469,707 Liabilities Deposits 2,490,997 2,489,481 — 2,489,481 — Federal Home Loan Bank advances 125,000 125,163 — 125,163 — Other borrowed money 78,352 69,930 — 69,930 — December 31, 2021 Assets Cash and short-term investments $ 197,232 $ 197,232 $ 197,232 $ — $ — Investment securities available for sale 938,164 938,164 87,551 850,613 — Other investments 14,012 14,012 5,574 4,183 4,255 Loans held for sale 38,150 38,150 — 38,150 — Loans, net 1,325,067 1,328,853 — — 1,328,853 Liabilities Deposits 2,374,608 2,375,385 — 2,375,385 — Federal Home Loan Bank advances 51,656 51,162 — 51,162 — Other borrowed money 36,792 36,796 — 36,796 — 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. 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: Impaired Loans - Impaired loans are those loans which the Company has measured impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. Other Real Estate - Other real estate owned assets are adjusted to fair value less estimated selling costs upon transfer of the loans to other real estate owned. Typically, an external, third-party appraisal is performed on the collateral upon transfer into the other real estate owned account to determine the asset’s fair value. Subsequent adjustments to the collateral’s value may be based upon either updated third-party appraisals or management’s knowledge of the collateral and the current real estate market conditions. Appraised amounts used in determining the asset’s fair value, whether internally or externally prepared, are discounted 10 percent to account for selling and marketing costs. 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 other real estate owned assets and because of the relationship between fair value and general economic conditions, we consider the fair value of other real estate owned assets to be highly sensitive to changes in market conditions. Assets Measured at Fair Value on a Recurring and Nonrecurring Basis - The following table presents the recorded amount of the Company’s assets measured at fair value on a recurring and nonrecurring basis as of December 31, 2022 and 2021, aggregated by the level in the fair value hierarchy within which those measurements fall. The table below includes only impaired loans with a specific reserve and only other real estate properties with a valuation allowance at December 31, 2022 and 2021. Those impaired loans and other real estate properties are shown net of the related specific reserves and valuation allowances. Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair Quoted Prices Significant Significant December 31, 2022 Nonrecurring Impaired loans $ 521 $ — $ — $ 521 Other real estate 651 — — 651 December 31, 2021 Nonrecurring Impaired loans $ 1,837 $ — $ — $ 1,837 Other real estate 281 — — 281 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) The following tables present 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 December 31, 2022 and 2021. These tables are comprised primarily of collateral dependent impaired loans and other real estate owned: (dollars in thousands) December 31, 2022 Valuation Unobservable Range Impaired Loans $ 521 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % - 50% Other Real Estate $ 651 Appraised Value/ Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 0 % - 20% December 31, 2021 Valuation Unobservable Range Impaired Loans $ 1,837 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % - 100% Other Real Estate $ 281 Appraised Value/ Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 0 % - 20% The following table presents quantitative information about recurring level 3 fair value measurements as of December 31, 2022. December 31, 2022 (dollars in thousands) Fair Value Valuation Unobservable Range Available for sale securities $ 15,596 Discounted Cash Flow Discount Rate or Yield N/A* Other investments $ 790 Discounted Cash Flow Discount Rate or Yield N/A* * The Company relies on a third-party pricing service to value its securities. The details of the unobservable inputs and other adjustments used by the third-party pricing service were not readily available to the Company. The following table 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 year ended December 31, 2022 and 2021: Other Investments Available for sale securities (dollars in thousands) 2022 2021 2022 Beginning balance $ 4,255 $ — $ — Additions — 4,107 — Redemptions (3,306) — — Total unrealized/realized gains included in earnings (159) 148 — Transfer to Level 3 — — 15,596 Ending balance $ 790 $ 4,255 $ 15,596

REGULATORY CAPITAL MARKETS

REGULATORY CAPITAL MARKETS	12 Months Ended
REGULATORY CAPITAL MARKETS	Dec. 31, 2022
Banking And Thrift Disclosure [Abstract]
REGULATORY CAPITAL MARKETS	REGULATORY CAPITAL MARKETS 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. The Company is subject to various regulatory capital requirements administered by the 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 classification 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 I capital to risk-weighted assets, and of Tier I capital to average assets. As of December 31, 2022, 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 December 31, 2022, 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 conditions or events 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 is 2.5 percent of risk-weighted assets. The following table summarizes regulatory capital information as of December 31, 2022 and December 31, 2021 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for December 31, 2022 and 2021 were calculated in accordance with the Basel III rules. Actual For Capital To Be Well (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2022 Total Capital to Risk-Weighted Assets Consolidated $ 318,250 15.11 % $ 168,498 8.00 % N/A N/A Colony Bank 272,812 12.99 168,014 8.00 210,017 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 262,999 12.49 126,341 6.00 N/A N/A Colony Bank 256,684 12.22 126,031 6.00 168,042 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 238,770 11.34 94,750 4.50 N/A N/A Colony Bank 256,684 12.22 94,524 4.50 136,534 6.50 Tier I Capital to Average Assets Consolidated 262,999 9.17 114,721 4.00 N/A N/A Colony Bank 256,684 8.97 114,463 4.00 143,079 5.00 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 I 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 I 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

FINANCIAL INFORMATION OF COLONY

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY)	FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) The parent company’s balance sheets as of December 31, 2022 and 2021 and the related statements of operations and comprehensive income (loss) and cash flows for each of the years in the two-year period then ended are as follows: COLONY BANKCORP, INC. (PARENT ONLY) BALANCE SHEETS DECEMBER 31 (DOLLARS IN THOUSANDS) 2022 2021 ASSETS Cash $ 40,361 $ 7,304 Investment in subsidiaries 249,868 245,614 Other 5,115 1,689 Total Assets $ 295,344 $ 254,607 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Other $ 1,724 $ 108 Other borrowed money — 12,563 Subordinated notes 39,123 — Subordinated debentures 24,229 24,229 Total Liabilities 65,076 36,900 Stockholders’ Equity Common stock, par value $1.00; 50,000,000 shares authorized, 17,598,123 and 13,673,898 shares issued and outstanding as of December 31, 2022 and 2021, respectively 17,598 13,674 Paid-in capital 167,537 111,021 Retained earnings 111,573 99,189 Accumulated other comprehensive loss, net of tax (66,440) (6,177) Total Stockholder’s Equity 230,268 217,707 Total Liabilities and Stockholders’ Equity $ 295,344 $ 254,607 COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31 (DOLLARS IN THOUSANDS) 2022 2021 Income Dividends from subsidiaries $ 10,295 $ 31,060 Other 22 15 Total income 10,317 31,075 Expenses Interest 2,299 1,012 Salaries and employee benefits 457 371 Other 450 604 Total expenses 3,206 1,987 Income before income taxes and equity in undistributed earnings (distributions in excess of earnings) of subsidiaries 7,111 29,088 Income tax benefit (914) (731) Income before equity in undistributed earnings (distributions in excess of earnings) of subsidiaries 8,025 29,819 Equity in undistributed earnings(distributions in excess of earnings) of subsidiaries 11,517 (11,160) Net income $ 19,542 $ 18,659 COLONY BANKCORP, INC. (PARENT ONLY) STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31 (DOLLARS IN THOUSANDS) 2022 2021 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 19,542 $ 18,659 Adjustments to reconcile net income to net cash provided by operating activities: Stock-based compensation expense 1,743 599 Distribution in excess of earnings (equity in undistributed earnings) of subsidiaries (11,517) 11,160 Change in deferred taxes (2,125) — Change in interest payable 45 1 Other 270 (1,146) Net cash provided by operating activities 7,958 29,273 CASH FLOWS FROM INVESTING ACTIVITIES Net cash and cash equivalents paid in bank acquisition — (19,178) Capital injection into Bank subsidiary (53,000) — Net cash provided by investing activities (53,000) (19,178) CASH FLOWS FROM FINANCING ACTIVITIES Net increase (decrease) in other borrowed money 26,560 (1,000) Issuance of common stock 59,468 — Cash paid for tax withholding related to vesting of restricted stock (231) — Repurchase of shares (540) — Dividends paid on common stock (7,158) (4,463) Net cash used in financing activities 78,099 (5,463) Net increase in cash and cash equivalents 33,057 4,632 Cash and cash equivalents at beginning of period 7,304 2,672 Cash and cash equivalents at end of period $ 40,361 $ 7,304

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
EARNINGS PER SHARE	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table presents earnings per share for the years ended December 31, 2022 and 2021: 2022 2021 (dollars in thousands, except per share amounts) Numerator Net income available to common stockholders $ 19,542 $ 18,659 Denominator Weighted average number of common shares outstanding for basic earnings per common share 17,191,079 11,254,130 Weighted average number of common shares outstanding for diluted earnings per common share 17,191,079 11,254,130 Earnings per share - basic $ 1.14 $ 1.66 Earnings per share - diluted $ 1.14 $ 1.66

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Dec. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company’s operating segments include banking, mortgage banking and small business specialty lending division. The reportable segments are determined by the products and services offered, and internal reporting. The Bank segment derives its revenues from the delivery of full-service financial services, including retail and commercial banking services and deposit accounts. The Mortgage Banking segment derives its revenues from the origination and sales of residential mortgage loans held for sale. The Small Business Specialty Lending Division segment derives its revenue from the origination, sales and servicing of Small Business Administration loans and other government guaranteed loans. Segment performance is evaluated using net interest income and noninterest income. Income taxes are allocated based on income before income taxes, and indirect expenses (includes management fees) are allocated based on various internal factors for each segment. Transactions among segments are made at fair value. The following tables present information reported internally for performance assessment as of December 31, 2022 and 2021: December 31, 2022 (dollars in thousands) Bank Mortgage Small Totals Net Interest Income $ 79,193 $ 102 $ 1,330 $ 80,625 Provision for Loan Losses 3,370 — — 3,370 Noninterest Income 18,082 9,630 7,360 35,072 Noninterest Expenses 72,781 9,735 6,959 89,475 Income Taxes 3,010 98 202 3,310 Net income/(loss) $ 18,114 $ (101) $ 1,529 $ 19,542 Total assets $ 2,857,893 $ 18,221 $ 60,456 $ 2,936,570 Full Time Employees 427 65 30 522 December 31, 2021 (dollars in thousands) Bank Mortgage Small Totals Net Interest Income $ 64,293 $ 543 $ 1,353 $ 66,189 Provision for Loan Losses 700 — — 700 Noninterest Income 14,889 13,189 8,212 36,290 Noninterest Expenses 61,202 11,314 6,109 78,625 Income Taxes 3,311 458 726 4,495 Net income/(loss) $ 13,969 $ 1,960 $ 2,730 $ 18,659 Total assets $ 2,620,501 $ 25,149 $ 46,065 $ 2,691,715 Full Time Employees 400 55 26 481

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2022
Accounting Policies [Abstract]
Nature of Business	Nature of Business Colony Bankcorp, Inc. and subsidiaries (the “Company”) is a financial holding company headquartered in Fitzgerald, Georgia, whose primary business is presently conducted by Colony Bank, its wholly owned banking subsidiary (the “Bank”). Through the Bank, the Company offers a broad range of retail and commercial banking services to its customers concentrated in central, south and coastal Georgia. The Bank also engages in mortgage banking and SBA lending, and, as such originates, acquires, sells and services one-to-four family residential mortgage loans and SBA loans in the Southeast. The Company is subject to the regulations of certain state and federal agencies and are periodically examined by those regulatory agencies. The Company also provides an option for its customers to purchase insurance services including vehicle, home, renters and life insurance. Additionally, Colony Risk Management, Inc. is a subsidiary of the Company and is located in Las Vegas, Nevada. It is a captive insurance subsidiary which insures various liability and property damage policies for the Company and its related subsidiaries. Colony Risk Management is regulated by the State of Nevada Division of Insurance.
Basis of Presentation and Accounting Estimates	Basis of Presentation and Accounting Estimates The consolidated financial statements include the accounts of Colony Bankcorp, Inc. and its wholly owned subsidiaries, Colony Bank and Colony Risk Management. All significant intercompany transactions and balances have been eliminated in consolidation. In preparing the consolidated financial statements in conformity with generally accepted accounting principles in the United States, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Acquisition Accounting	Acquisition Accounting Acquisitions are accounted for under the acquisition method of accounting. Purchased assets and assumed liabilities are recorded at their estimated fair values as of the purchase date. Any identifiable intangible assets are also recorded at fair value. When the consideration given is less than the fair value of the net assets received, the acquisition results in a “bargain purchase gain”. If the consideration given exceeds the fair value of the net assets received, goodwill is recognized. Fair values are subject to refinement for up to one year after the closing date of an acquisition as additional information regarding the closing date fair values becomes available. All identifiable intangible assets that are acquired in a business combination are recognized at fair value on the acquisition date. Identifiable intangible assets are recognized separately if they arise from contractual or other legal rights or if they are separable (i.e., capable of being sold, transferred, licensed, rented, or exchanged separately from the entity). Purchased loans acquired in a business combination are recorded at estimated fair value on their purchase date and carryover of the seller's related allowance for loan losses is prohibited. When the loans have evidence of credit deterioration since origination and it is probable at the date of acquisition that the Company will not collect all contractually required principal and interest payments, the difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the non-accretable difference. The Company must estimate expected cash flows at each reporting date. Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. Subsequent increases in expected cash flows result in a reversal of the provision for loan losses to the extent of prior provisions and adjust accretable discount if no prior provisions have been made or have been fully reversed. This increase in accretable discount will have a positive impact on future interest income.
Transfer of Financial Assets	Transfer of Financial Assets
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flow, cash and cash equivalents include cash on hand, cash items in process of collection, amounts due from banks, interest-bearing deposits in banks and federal funds sold.
Investment Securities	Investment Securities The Company classifies its investment securities in one of three categories: (i) trading, (ii) held to maturity or (iii) available for sale. Trading securities are bought and held principally for the purpose of selling them in the near term. Held to maturity securities are those securities for which the Company has the ability and intent to hold until maturity. All other investment securities are classified as available for sale. At December 31, 2022, securities were classified as either held to maturity or available for sale. At December 31, 2021, all securities were classified as available for sale. Trading securities are carried at fair value. Unrealized gains and losses on trading securities are recorded in earnings as a component of other noninterest income. Held to maturity securities are recorded initially at cost and subsequently adjusted for paydowns and amortization of purchase premium or accretion of purchase discount. Available for sale securities are carried at fair value. Unrealized holding gains and losses, net of the related deferred tax effect, on available for sale securities are excluded from earnings and are reported in other comprehensive income as a separate component of shareholders’ equity until realized. Transfers of securities between categories are recorded at fair value at the date of transfer. Unrealized holding gains or losses associated with transfers of securities from held to maturity to available for sale are recorded as a separate component of shareholders’ equity. These unrealized holding gains or losses are amortized into income over the remaining life of the security as an adjustment to the yield in a manner consistent with the amortization or accretion of the original purchase premium or discount on the associated security. The amortization of premiums and accretion of discounts are recognized in interest income using methods approximating the interest method over the expected life of the securities. Realized gains and losses, determined on the basis of the cost of specific securities sold, are included in earnings on the trade date. A decline in the market value of any available for sale or held to maturity investment below cost that is deemed other than temporary establishes a new cost basis for the security. Other than temporary impairment deemed to be credit related is charged to earnings. Other than temporary impairment attributed to non-credit related factors is recognized in other comprehensive income. In determining whether other-than-temporary impairment losses exist, management considers (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer or underlying collateral of the security, and (iii) the Company’s 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.
Other Investments	Other Investments Other investments include managed investment funds which are carried at their fair value and unrealized gains or losses are recorded through earnings as a component of noninterest income. Federal Home Loan Bank (“FHLB”) and First National Bankers Bank ("FNBB") stock are also included in other investments. These investments do not have a readily determinable market value due to restrictions placed on transferability and therefore are carried at cost. These other investments are periodically evaluated for impairment based on ultimate recovery of par value or cost basis. Both cash and stock dividends are reported as income.
Loans Held for Sale	Loans Held for SaleMortgage and SBA loans held for sale are carried at the lower of aggregate cost or estimated fair value, as determined by outstanding commitments from third party investors in the secondary market. Adjustments to reflect unrealized gains and losses resulting from changes in fair value of mortgage loans held for sale and realized gains and losses upon ultimate sale of the mortgage loans held for sale are classified as mortgage fee income in the consolidated statements of income. Adjustments to reflect unrealized gains and losses resulting from changes in fair value of SBA loans held for sale and realized gains and losses upon ultimate sale of the SBA loans held for sale are classified as gain on sale of SBA loans in the consolidated statements of income.
Loans	Loans Loans are reported at their outstanding principal balances less unearned income, net of deferred fees and origination costs. Interest income is accrued on the outstanding principal balance. For all classes of loans, the accrual of interest on loans is discontinued when, in management’s opinion, the borrower may be unable to make payments as they become due, unless the loan is well secured and in the process of collection. Non-accrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. All interest accrued, but not collected for loans that are placed on nonaccrual or charged off, is reversed against interest income. Interest income on nonaccrual loans is applied against principal until the loans are returned to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Allowance for Loan Losses	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 loan balance to be uncollectable. 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 Bank examiners 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. The decision whether 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 the staff appraiser and appraisal department. 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 25 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 may not be 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 initial 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.
Commitments and Financial Instruments	Commitments and Financial Instruments Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and standby letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Premises and Equipment	Premises and Equipment Land is carried at cost. Other premises and equipment are carried at cost, less accumulated depreciation computed on the straight-line method over the estimated useful lives of the assets. In general, estimated lives for buildings are up to 40 years, furniture and equipment useful lives range from five three
Leases	Leases The Company has entered into various operating leases for certain branch locations, ATM locations, loan production offices, and corporate support services locations. Generally, these leases have initial lease terms of 13 years or less. Many of the leases have one or more lease renewal options. The exercise of lease renewal options is at our sole discretion. The Company does not consider exercise of any lease renewal options reasonably certain. Certain of our lease agreements contain early termination options. No renewal options or early termination options have been included in the calculation of the operating right-of-use assets or operating lease liabilities. Certain of our lease agreements provide for periodic adjustments to rental payments for inflation. At the commencement date of the lease, the Company recognizes a lease liability at the present value of the lease payments not yet paid, discounted using the discount rate for the lease or the Company’s incremental borrowing rate. As the
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of the cost of businesses acquired over the fair value of the net assets acquired. Goodwill is assigned to reporting units and tested for impairment at least annually, or on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value. Intangible assets consist of core deposit and customer relationship intangibles acquired in connection with a business combination. The core deposit intangible is initially recognized based on an independent valuation performed as of the acquisition date. The core deposit intangible is amortized by the straight-line method over the average remaining life of the acquired customer deposits. The customer relationship intangible is associated with the acquisition of several insurance companies during 2021. The customer intangible assets were also initially recognized based on independent valuations performed as of the acquisition date and are being amortized by the straight-line method over 10 years.
Cash Value of Bank Owned Life Insurance	Cash Value of Bank Owned Life Insurance The Company has purchased life insurance policies on certain officers. The life insurance is 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 other amounts due that are probable at settlement.
Other Real Estate	Other Real Estate
Income Taxes	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 basis. 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. The Company’s federal and state income tax returns for tax years 2022, 2021, 2020 and 2019 are subject to examination by the Internal Revenue Service (IRS) and the Georgia Department of Revenue, generally for three years after filing. The Company believes that its income tax filing positions taken or expected to be taken on its tax returns will more likely than not be sustained upon audit by the taxing authorities and does not anticipate any adjustments that will result in a material adverse impact on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded.
Revenue Recognition	Revenue Recognition The Company's' contracts with customers generally do not contain terms that require significant judgment to determine the amount of revenue to recognize. The Company's' policies for recognizing noninterest income that falls within the scope of ASC Topic 606, and include service charges on deposits, interchange fees, and insurance revenue (included with other noninterest income). Service charges on deposits include both account maintenance fees and overdraft fees and revenue from safe deposit box rental fees and lockbox services and ATM fees. Revenue is recognized for these services either over time, corresponding with deposit accounts' monthly cycle, or at a point in time for transaction-related services and fees. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to clients' accounts. Safe deposits and lockbox service fees are recognized over time, on a monthly basis, as the Company's' performance obligation for services is satisfied. ATM fees are transaction-based fees recognized at the time the transaction is executed as that is the point at which the Company satisfies the performance obligation. Interchange fees include debit card interchange fees. Debit card interchange fees are earned from debit card holder transactions conducted through various payment networks. Interchange fees from debit card holders transactions represent a percentage of the underlying transaction amount and are recognized daily, concurrently with the transaction processing services provided to the debit cardholder.
Earnings per Share	Earnings per Share
Comprehensive Income (Loss)	Comprehensive Income (Loss) 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. 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 as total comprehensive income (loss).
Fair Value Measures	Fair Value Measures Fair values of assets and liabilities are estimated using relevant market information and other assumptions, as more fully disclosed in Note 16. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect these estimates.
Operating Segments	Operating Segments The Company has three reportable segments, the Banking Division, the Retail Mortgage Division and the Small Business Specialty Lending Division. The Banking Division derives its revenues from the delivery of full service financial services to include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division derives its revenues from the origination, sales and servicing of one-to-four family residential mortgage loans. The Small Business Specialty Lending Division derives its revenues from origination, sales and servicing of SBA and USDA government guaranteed loans.
Reclassifications	Reclassifications Certain amounts, previously reported, have been reclassified to state all periods on a comparable basis and had no effect on stockholders’ equity or net income.
Accounting Standards Updates Pending Adoption	Accounting Standards Updates Pending Adoption ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). This ASU sets forth a “current expected credit loss” (CECL) model which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supported forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. On October 16, 2019, the Financial Accounting Standards Board ("FASB") voted to extend the delay of the effective date of this ASU for smaller reporting companies, such as the Company, until fiscal years beginning after December 15, 2022. The Company adopted this ASU In March 2020, the FASB issued ASU No. 2020-04, Reference Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). This ASU provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. It provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The updated guidance was originally effective for all entities from March 12, 2020 through December 31, 2022. In December 2022, the FASB issued ASU 2022-06 which deferred the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. The Company has been diligent in responding to reference rate reform and does not anticipate a significant impact to its financial statements as a result. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. This ASU provides guidance on eliminating the requirement for classification of and disclosures around troubled debt restructurings. The purpose of this guidance is to eliminate unnecessary and overly-complex disclosures of loans that are already incorporated into the allowance for credit losses and related disclosures. This ASU further requires the disclosure of current-period gross charge-offs by year of origination. The updated guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, for all entities which have implemented ASU 2016-13. The Company has historically had very few credit relationships classified as troubled debt restructurings, and as such does not anticipate that the elimination of accounting for and disclosure of these types of credit relationships will have a significant impact to its financial statements upon implementation of ASU 2016-13 beginning with the first quarter of 2023.
Fair Value Measurement	Cash and short-term investments - For cash, due from banks, bank-owned deposits and federal funds sold, the carrying amount is a reasonable estimate of fair value and is classified Level 1. Investment securities - Fair values for investment securities are based on quoted market prices where available and classified as Level 1. If quoted market prices are not available, estimated fair values are based on quoted market prices of comparable instruments and classified as Level 2. If a comparable is not available, the investment securities are classified as Level 3. Other investments - The fair value of other bank stock approximates carrying value and is classified as Level 2. Fair values for investment funds are based on quoted market prices where available and classified as Level 1. If quoted market prices are not available, estimated fair values are based on quoted market prices of comparable instruments and classified as Level 2 If a comparable is not available, the investment securities are classified as Level 3. Loans held for sale – The fair value of loans held for sale is determined on outstanding commitments from third party investors in the secondary markets and is classified within Level 2 of the valuation hierarchy. Loans - The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings. For variable rate loans, the carrying amount is a reasonable estimate of fair value. Loans are classified as Level 3. Deposit liabilities - The fair value of demand deposits, savings accounts and certain money market deposits is the amount payable on demand at the reporting date and is classified as Level 1. The fair value of fixed maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities and is classified as Level 2. Federal Home Loan Bank advances – The fair value of Federal Home Loan Bank advances is estimated by discounting the future cash flows using the current rates at which similar advances would be obtained. Federal Home Loan Bank advances are classified as Level 2. Other borrowings – The fair value of other borrowings is calculated by discounting contractual cash flows using an estimated interest rate based on current rates available to the Company for debt of similar remaining maturities and collateral terms. Other borrowings is classified as Level 2 due to their expected maturities.

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	12 Months Ended
BUSINESS COMBINATIONS (Tables)	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Assets Acquired and Liabilities Assumed	The following table presents the assets acquired and liabilities assumed of SouthCrest as of August 1, 2021, and their fair value estimates. The fair value estimates are subject to refinement for up to one year after the closing date of the acquisition for new information obtained about facts and circumstances that existed at the acquisition date. The Company continues its evaluation of the facts and circumstances available as of August 1, 2021, to assign fair values to assets acquired and liabilities assumed, which could result in further adjustments to the fair values presented below. (dollars in thousands, except market price) Initial Fair Value Adjustments Purchase price consideration: Shares of CBAN common stock issued to SouthCrest shareholders as of August 1, 2021 3,987,815 Market price of CBAN common stock on July 30, 2021 $ 17.90 Estimated fair value of CBAN common stock issued 71,382 Cash consideration paid 21,620 Total consideration $ 93,002 Assets acquired at fair value: Cash and cash equivalents $ 59,131 Investments securities available for sale 317,857 Restricted investments 3,196 Loans 307,456 Premises and equipment 8,543 Core deposit intangible 4,025 Other real estate 538 Prepaid and other assets 25,393 Total fair value of assets acquired $ 726,139 Liabilities assumed at fair value: Deposits $ (631,375) FHLB advances (29,064) Payables and other liabilities (7,735) Total fair value of liabilities assumed $ (668,174) Net assets acquired at fair value: $ 57,965 Amount of goodwill resulting from acquisition $ 35,037
Contractually Required Principal and Interest Cash Payments	The table below summarizes the total contractually required principal and interest cash payments, management’s estimate of expected total cash payments and fair value of the loans as of the acquisition date for purchased credit impaired loans. Contractually required principal and interest payments have been adjusted for estimated prepayments. The Company recorded a subsequent adjustment within the one year period allowed after the acquisition of approximately $4.0 million in 2022. (dollars in thousands) Contractually required principal and interest $ 1,154 Non-accretable difference — Cash flows expected to be collected 1,154 Accretable yield — Total purchased credit-impaired loans acquired $ 1,154 The following table presents the acquired loan data for the SouthCrest acquisition. Fair value of Contractually required principal Nonaccretable difference (dollars in thousands) Acquired receivables subject to ASC 310-30 $ 1,154 $ 1,154 $ — Acquired receivables not subject to ASC 310-30 306,302 306,937 —

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
INVESTMENT SECURITIES (Tables)	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Available for Sale Securities	The amortized cost and estimated fair value of securities available-for-sale and held-to-maturity, along with gross unrealized gains and losses are summarized as follows: (dollars in thousands) December 31, 2022 Amortized Cost Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 1,644 $ — $ (22) $ 1,622 U.S. agency 5,035 — (450) 4,585 Asset backed securities 31,468 — (1,480) 29,988 State, county and municipal securities 126,119 — (21,363) 104,756 Corporate debt securities 54,741 164 (5,320) 49,585 Mortgage-backed securities 271,199 9 (29,191) 242,017 Total $ 490,206 $ 173 $ (57,826) $ 432,553 December 31, 2022 Gross Gross Securities Held to Maturity: U.S. treasury securities $ 91,615 $ — $ (4,149) $ 87,466 U.S. agency 16,409 — (1,838) 14,571 State, county & municipal securities 136,138 32 (19,518) 116,652 Mortgage-backed securities 221,696 — (29,121) 192,575 Total $ 465,858 $ 32 $ (54,626) $ 411,264 December 31, 2021 Amortized Cost Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 88,638 $ — $ (1,087) $ 87,551 U.S. agency 17,916 5 (140) 17,781 State, county and municipal securities 252,632 877 (3,356) 250,153 Corporate debt securities 48,153 520 (265) 48,408 Mortgage-backed securities 539,172 2,160 (7,061) 534,271 Total $ 946,511 $ 3,562 $ (11,909) $ 938,164
Schedule of Unrealized Loss on Investments	Information pertaining to available-for-sale securities with gross unrealized losses at December 31, 2022 and December 31, 2021 aggregated by investment category and length of time that securities have been in a continuous unrealized loss position are summarized as follows: Less Than 12 Months 12 Months or More Total (dollars in thousands) Estimated Unrealized Losses Estimated Unrealized Losses Estimated Unrealized Losses December 31, 2022 U.S. treasury securities $ 1,377 $ (17) $ 245 $ (5) $ 1,622 $ (22) U.S. agency 3,221 (257) 1,364 (193) 4,585 (450) Asset backed securities 10,780 (319) 19,208 (1,161) 29,988 (1,480) State, county and municipal securities 29,284 (3,629) 75,472 (17,734) 104,756 (21,363) Corporate debt securities 17,258 (1,463) 30,651 (3,857) 47,909 (5,320) Mortgage-backed securities 122,031 (7,890) 119,409 (21,301) 241,440 (29,191) Total debt securities $ 183,951 $ (13,575) $ 246,349 $ (44,251) $ 430,300 $ (57,826) December 31, 2021 U.S. treasury securities $ 87,302 $ (1,087) $ — $ — $ 87,302 $ (1,087) U.S. agency 10,969 (140) — — 10,969 (140) State, county and municipal securities 180,551 (3,131) 5,970 (225) 186,521 $ (3,356) Corporate debt securities 31,977 (265) — — 31,977 (265) Mortgage-backed securities 377,413 (6,421) 21,129 (640) 398,542 (7,061) Total debt securities $ 688,212 $ (11,044) $ 27,099 $ (865) $ 715,311 $ (11,909) Information pertaining to held-to-maturity securities with gross unrealized losses at December 31, 2022 aggregated by investment category and length of time that individual securities have been in a continuous loss position is summarized as follows: Less Than 12 Months 12 Months or Greater Total (dollars in thousands) Fair Gross Fair Gross Fair Gross December 31, 2022 U.S. Treasury $ — $ — $ 87,466 $ (4,149) $ 87,466 $ (4,149) U.S. agency — — 14,571 (1,838) 14,571 (1,838) State, county & municipal securities 9,858 (1,392) 105,734 (18,126) 115,592 (19,518) Mortgage-backed securities 13,580 (729) 178,995 (28,392) 192,575 (29,121) $ 23,438 $ (2,121) $ 386,766 $ (52,505) $ 410,204 $ (54,626)
Schedule of Investments Classified by Contractual Maturity Date	This is often the case with mortgage-backed securities, which are disclosed separately in the table below. Available for Sale Held to Maturity (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 1,319 $ 1,304 $ — $ — Due after one year through five years 14,126 12,871 79,306 75,759 Due after five years through ten years 89,731 76,895 78,975 69,275 Due after ten years 113,831 99,466 85,881 73,655 $ 219,007 $ 190,536 $ 244,162 $ 218,689 Mortgage-backed securities 271,199 242,017 221,696 192,575 $ 490,206 $ 432,553 $ 465,858 $ 411,264

LOANS (Tables)

LOANS (Tables)	12 Months Ended
LOANS (Tables)	Dec. 31, 2022
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table presents the composition of loans segregated by legacy and purchased loans and by class of loans, as of December 31, 2022 and 2021. Purchased loans are defined as loans that were acquired in bank acquisitions. December 31, 2022 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land & land development $ 216,206 $ 13,229 $ 229,435 Other commercial real estate 847,684 127,763 975,447 Total commercial real estate 1,063,890 140,992 1,204,882 Residential real estate 249,390 40,664 290,054 Commercial, financial & agricultural () 210,413 13,510 223,923 Consumer & other 17,296 951 18,247 Total loans $ 1,540,989 $ 196,117 $ 1,737,106 December 31, 2021 (dollars in thousands) Legacy Loans Purchased Loans Total Construction, land & land development $ 119,953 $ 45,493 $ 165,446 Other commercial real estate 595,739 191,653 787,392 Total commercial real estate 715,692 237,146 952,838 Residential real estate 159,469 53,058 212,527 Commercial, financial & agricultural() 113,040 41,008 154,048 Consumer & other 16,003 2,561 18,564 Total loans $ 1,004,204 $ 333,773 $ 1,337,977 (*) Includes $95,000 and $9.0 million in PPP loans as of December 31, 2022 and 2021, respectively.
Schedule of Financing Receivable Credit Quality Indicators	The following tables present the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of December 31, 2022. Those loans with a risk grade of 1, 2, 3, 4, and 5 have been combined in the pass column for presentation purposes. For the periods ending December 31, 2022, the Company did not have any loans classified as “doubtful” or a “loss”. (dollars in thousands) Pass Special Substandard Total Loans Construction, land & land development $ 215,265 $ 290 $ 651 $ 216,206 Other commercial real estate 827,300 14,236 6,148 847,684 Total commercial real estate 1,042,565 14,526 6,799 1,063,890 Residential real estate 239,570 5,976 3,844 249,390 Commercial, financial & agricultural 207,935 812 1,666 210,413 Consumer & other 17,206 54 36 17,296 Total loans $ 1,507,276 $ 21,368 $ 12,345 $ 1,540,989 The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of December 31, 2022. (dollars in thousands) Pass Special Substandard Total Loans Construction, land & land development $ 13,229 $ — $ — $ 13,229 Other commercial real estate 123,826 3,326 611 127,763 Total commercial real estate 137,055 3,326 611 140,992 Residential real estate 38,360 598 1,706 40,664 Commercial, financial & agricultural 12,973 73 464 13,510 Consumer & other 951 — — 951 Total loans $ 189,339 $ 3,997 $ 2,781 $ 196,117 The following tables present the loan portfolio, excluding purchased loans, by credit quality indicator (risk grade) as of December 31, 2021. Those loans with a risk grade of 1, 2, 3 or 4 have been combined in the pass column for presentation purposes. For the periods ending December 31, 2021, the Company did not have any loans classified as “doubtful” or a “loss”. (dollars in thousands) Pass Special Substandard Total Loans Construction, land & land development $ 116,524 $ 3,154 $ 275 $ 119,953 Other commercial real estate 562,228 25,718 7,793 595,739 Total commercial real estate 678,752 28,872 8,068 715,692 Residential real estate 148,507 5,733 5,229 159,469 Commercial, financial & agricultural 100,282 11,460 1,298 113,040 Consumer & other 15,787 78 138 16,003 Total loans $ 943,328 $ 46,143 $ 14,733 $ 1,004,204 The following table presents the purchased loan portfolio by credit quality indicator (risk grade) as of December 31, 2021. (dollars in thousands) Pass Special Substandard Total Loans Construction, land & land development $ 45,432 $ — $ 61 $ 45,493 Other commercial real estate 186,905 3,518 1,230 191,653 Total commercial real estate 232,337 3,518 1,291 237,146 Residential real estate 49,875 563 2,620 53,058 Commercial, financial & agricultural 40,711 — 297 41,008 Consumer & other 2,558 3 — 2,561 Total loans $ 325,481 $ 4,084 $ 4,208 $ 333,773
Schedule of Age Analysis of Past Due Loans and Nonaccrual Loans	The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, excluding purchased loans, as of December 31, 2022: Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans Construction, land & land development $ — $ — $ — $ 149 $ 216,057 $ 216,206 Other commercial real estate 395 — 395 1,389 845,900 847,684 Total commercial real estate 395 — 395 1,538 1,061,957 1,063,890 Residential real estate 870 — 870 1,875 246,645 249,390 Commercial, financial & agricultural 403 — 403 878 209,132 210,413 Consumer & other 40 — 40 21 17,235 17,296 Total loans $ 1,708 $ — $ 1,708 $ 4,312 $ 1,534,969 $ 1,540,989 The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, for purchased loans, as of December 31, 2022: Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans Construction, land & land development $ — $ — $ — $ — $ 13,229 $ 13,229 Other commercial real estate — — — 120 127,643 127,763 Total commercial real estate — — — 120 140,872 140,992 Residential real estate 12 — 12 811 39,841 40,664 Commercial, financial & agricultural 73 — 73 463 12,974 13,510 Consumer & other — — — — 951 951 Total loans $ 85 $ — $ 85 $ 1,394 $ 194,638 $ 196,117 The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, excluding purchased loans, as of December 31, 2021: Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans Construction, land & land development $ 6 $ — $ 6 $ — $ 119,947 $ 119,953 Other commercial real estate 349 — 349 577 594,813 595,739 Total commercial real estate 355 — 355 577 714,760 715,692 Residential real estate 421 — 421 2,641 156,407 159,469 Commercial, financial & agricultural 69 — 69 708 112,263 113,040 Consumer & other 93 — 93 26 15,884 16,003 Total loans $ 938 $ — $ 938 $ 3,952 $ 999,314 $ 1,004,204 The following table represents an age analysis of past due loans and nonaccrual loans, segregated by class of loans, for purchased loans, as of December 31, 2021: Accruing Loans (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans Construction, land & land development $ 2,680 $ — $ 2,680 $ 31 $ 42,782 $ 45,493 Other commercial real estate — — — 260 191,393 191,653 Total commercial real estate 2,680 — 2,680 291 234,175 237,146 Residential real estate 560 — 560 1,198 51,300 53,058 Commercial, financial & agricultural 389 — 389 — 40,619 41,008 Consumer & other — — — 8 2,553 2,561 Total loans $ 3,629 $ — $ 3,629 $ 1,497 $ 328,647 $ 333,773
Schedule of Impaired Loans	The following table details impaired loan data, including purchased credit impaired loans, as of December 31, 2022: (dollars in thousands) Unpaid Recorded Related Average With No Related Allowance Recorded Construction, land & land development $ 40 $ 40 $ — $ 10 Other commercial real estate 3,754 3,754 — 5,311 Residential real estate 62 62 — 570 Commercial, financial & agricultural — — — 306 Consumer & other — — — 1 Total Impaired Loans with no Allowance 3,856 3,856 — 6,198 With An Allowance Recorded Construction, land & land development 474 474 44 177 Other commercial real estate — — — 503 Residential real estate — — — 588 Commercial, financial & agricultural — — — 369 Consumer & other — — — — Total Impaired Loans with Allowance 474 474 44 1,637 Purchased Credit Impaired Loans Construction, land & land development — — — — Other commercial real estate 798 798 33 760 Residential real estate — — — 13 Commercial, financial & agricultural — — — — Consumer & other — — — 65 Total Purchased Credit Impaired Loans 798 798 33 838 Total Construction, land & land development 514 514 44 187 Other commercial real estate 4,552 4,552 33 6,574 Residential real estate 62 62 — 1,171 Commercial, financial & agricultural — — — 675 Consumer & other — — — 66 $ 5,128 $ 5,128 $ 77 $ 8,673 The following table details impaired loan data as of December 31, 2021, including purchased credit impaired loans. (dollars in thousands) Unpaid Recorded Related Average With No Related Allowance Recorded Construction, land & land development $ 62 $ 62 $ — $ 4,311 Other commercial real estate 7,203 6,369 — 8,113 Residential real estate 958 997 — 1,083 Commercial, financial & agricultural 75 75 — 56 Consumer & other — — — — 8,298 7,503 — 13,563 With An Allowance Recorded Construction, land & land development — — — — Other commercial real estate 430 483 148 4,429 Residential real estate 685 773 108 1,029 Commercial, financial & agricultural — — — 79 Consumer & other — — — 1 1,115 1,256 256 5,538 Purchase credit impaired Construction, land & land development — — — 51 Other commercial real estate 2,003 1,916 18 802 Residential real estate 4 — 6 7 Commercial, financial & agricultural — — — 35 Consumer & other 192 73 96 72 2,199 1,989 120 967 Total Construction, land & land development 62 62 — 4,362 Other commercial real estate 9,636 8,768 166 13,344 Residential real estate 1,647 1,770 114 2,119 Commercial, financial & agricultural 75 75 — 170 Consumer & other 192 73 96 73 $ 11,612 $ 10,748 $ 376 $ 20,068

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
ALLOWANCE FOR LOAN LOSSES (Tables)	Dec. 31, 2022
Receivables [Abstract]
Schedule of Detail Activity in Allowance for Loan Losses	The following tables detail activity in the allowance for loan losses, segregated by class of loan, for the year ended December 31, 2022. 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. (dollars in thousands) Construction, Other Residential Commercial, Consumer and Total Year ended December 31, 2022 Beginning balance $ 1,127 $ 7,691 $ 1,805 $ 1,083 $ 1,204 $ 12,910 Charge-offs — (58) (48) (314) (60) (480) Recoveries 25 85 50 139 29 328 Provision 807 1,168 547 1,801 (953) 3,370 Ending balance $ 1,959 $ 8,886 $ 2,354 $ 2,709 $ 220 $ 16,128 Period-end amount allocated to: Individually evaluated for impairment $ 44 $ — $ — $ — $ — $ 44 Collectively evaluated for impairment 1,915 8,853 2,354 2,709 220 16,051 Purchase credit impaired — 33 — — — 33 Ending balance $ 1,959 $ 8,886 $ 2,354 $ 2,709 $ 220 $ 16,128 Loans: Loans individually evaluated for impairment $ 514 $ 3,754 $ 62 $ — $ — $ 4,330 Loans collectively evaluated for impairment 228,921 970,895 289,992 223,923 18,247 1,731,978 Purchased credit impaired — 798 — — — 798 Ending balance $ 229,435 $ 975,447 $ 290,054 $ 223,923 $ 18,247 $ 1,737,106 The following tables detail activity in the allowance for loan losses, segregated by class of loan, for the year ended December 31, 2021. 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. (dollars in thousands) Construction, Other Residential Commercial, Consumer and Total Year ended December 31, 2021 Beginning balance $ 1,013 $ 6,880 $ 2,278 $ 1,713 $ 243 $ 12,127 Charge-offs — (568) (3) (274) (68) (913) Recoveries 466 118 274 91 47 996 Provision (352) 1,261 (744) (447) 982 700 Ending balance $ 1,127 $ 7,691 $ 1,805 $ 1,083 $ 1,204 $ 12,910 Period-end amount allocated to: Individually evaluated for impairment $ — $ 148 $ 108 $ — $ — $ 256 Collectively evaluated for impairment 1,127 7,525 1,691 1,083 1,108 12,534 Purchase credit impaired — 18 6 — 96 120 Ending balance $ 1,127 $ 7,691 $ 1,805 $ 1,083 $ 1,204 $ 12,910 Loans: Loans individually evaluated for impairment $ 62 $ 6,852 $ 1,770 $ 75 $ — $ 8,759 Loans collectively evaluated for impairment 165,384 778,624 210,757 153,973 18,491 1,327,229 Purchase credit impaired — 1,916 — — 73 1,989 Ending balance $ 165,446 $ 787,392 $ 212,527 $ 154,048 $ 18,564 $ 1,337,977

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
PREMISES AND EQUIPMENT (Tables)	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	Premises and equipment are comprised of the following as of December 31: (dollars in thousands) 2022 2021 Land $ 12,944 $ 11,848 Building 37,718 38,777 Furniture, fixtures and equipment 19,524 17,792 Leasehold improvements 1,099 1,073 Construction in progress 942 1,946 Total cost 72,227 71,436 Accumulated depreciation (30,621) (28,403) Total premises and equipment $ 41,606 $ 43,033

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	12 Months Ended
OTHER REAL ESTATE OWNED (Tables)	Dec. 31, 2022
Real Estate [Abstract]
Schedule of Activity in Other Real Estate Owned	The following is a summary of the activity in other real estate owned during the years ended December 31, 2022 and 2021: (dollars in thousands) 2022 2021 Balance, Beginning of year $ 281 $ 1,006 Loans transferred to other real estate — 145 Acquired in acquisitions — 538 Sales proceeds (35) (1,360) Transfer from other assets 405 — Net loss on sale and writedowns — (48) Ending balance $ 651 $ 281

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
GOODWILL AND INTANGIBLE ASSETS (Tables)	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	The following is an analysis of the core deposit intangible activity for the years ended December 31: 2022 2021 (dollars in thousands) Gross Accumulated Gross Accumulated Amortizable intangible assets: Core deposit intangible $ 7,685 $ 3,965 $ 7,685 $ 2,464 Customer relationship intangible 2,250 306 2,250 82 Total 9,935 4,271 9,935 2,546 Unamortizable intangible assets: Goodwill $ 48,923 $ 52,906
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated future amortization expense for intangible assets remaining as of December 31, 2022 is as follows: (dollars in thousands) Amount 2023 $ 1,471 2024 1,217 2025 963 2026 658 2027 453 Thereafter 902 Total $ 5,664

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The income tax expense in the consolidated statements of income for the years ended December 31, 2022 and 2021 are as follows: (dollars in thousands) 2022 2021 Current federal expense $ 2,855 $ 5,316 Deferred federal expense 782 (661) Federal income tax expense 3,637 4,655 Current state expense (474) 663 Deferred state expense 147 (823) State income tax expense (327) (160) Provision for income taxes $ 3,310 $ 4,495
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the differences for the years ended December 31, 2022 and 2021 is as follows: (dollars in thousands) 2022 2021 Tax at federal income tax rate $ 4,799 $ 4,862 Change resulting from: State taxes (258) (126) Tax-exempt interest (541) (404) Income in cash value of bank owned life insurance (329) (219) Tax-exempt insurance premiums (248) — Nondeductible merger expenses — 222 Other (113) 160 Provision for income taxes $ 3,310 $ 4,495
Schedule of Deferred Tax Assets and Liabilities	The components of deferred income taxes for the years ended December 31, 2022 and 2021 are as follows: (dollars in thousands) 2022 2021 Deferred Tax Assets Allowance for loan losses $ 4,108 $ 3,290 Lease liability 483 169 Net operating loss carryforwards 3,160 272 Tax credit carryforwards 501 — Deferred compensation 282 297 Unrealized loss on securities available for sale 22,703 2,170 Restricted stock 308 166 Investment in partnerships 195 232 Other 50 19 Gross deferred tax assets 31,790 6,615 Deferred Tax Liabilities Premises and equipment 707 267 Right of use lease asset 467 164 Purchase accounting adjustments 1,779 1,322 Core deposit intangible 638 1,218 Gross deferred tax liabilities 3,591 2,971 Net deferred tax assets $ 28,199 $ 3,644

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
DEPOSITS (Tables)	Dec. 31, 2022
Deposits, by Component, Alternative [Abstract]
Schedule of Components on Interest-bearing Deposits	Components of interest-bearing deposits as of December 31 are as follows: (dollars in thousands) 2022 2021 Interest-bearing demand $ 831,152 $ 930,811 Savings and money market deposits 617,135 541,993 Time, $250,000 and over 114,780 73,407 Other time 358,760 275,821 Total interest-bearing deposits $ 1,921,827 $ 1,822,032
Schedule of Maturities of Certificates of Deposit	As of December 31, 2022, the scheduled maturities of certificates of deposit are as follows: (dollars in thousands) Year Ending December 31 Amount 2023 $ 322,413 2024 88,954 2025 48,840 2026 5,063 2027 7,904 Thereafter 366 Total time deposits $ 473,540

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
BORROWINGS (Tables)	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table presents information regarding the Company’s outstanding borrowings at December 31, 2022: Description Maturity Date Amount Interest Rate (dollars in thousands) FHLB Advances March 21, 2028 $ 5,000 2.67% FHLB Advances January 5, 2023 20,000 4.18% FHLB Advances January 9, 2023 20,000 4.15% FHLB Advances March 8, 2023 10,000 4.65% FHLB Advances January 17, 2023 20,000 4.15% FHLB Advances January 20, 2023 15,000 4.23% FHLB Advances December 22, 2027 15,000 4.00% FHLB Advances January 30, 2023 20,000 4.23% FRB Discount Window January 5, 2023 15,000 4.10% Subordinated notes May 20, 2032 39,123 5.25% Subordinated debentures (1) 24,229 (1) Total borrowings $ 203,352 (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, 2021: Description Maturity Date Amount Interest Rate (dollars in thousands) FHLB Advances February 3, 2023 $ 3,000 3.51% FHLB Advances March 21, 2028 5,000 2.67% FHLB Advances August 15, 2025 4,500 2.62% FHLB Advances July 30, 2029 10,000 1.01% FHLB Advances July 11, 2029 10,000 1.03% FHLB Advances November 9, 2029 20,000 1.07% Term Note May 24, 2025 7,250 4.70% Revolving Credit July 30, 2022 5,313 2.85% Subordinated debentures (1) 24,229 (1) Fair value adjustment for FHLB Borrowings acquired from SouthCrest (844) N/A Total borrowings $ 88,448 (1) See individual maturity dates and interest rates in table below.
Schedule of Subordinated Borrowing	The following table presents the information regarding the Company's subordinated debentures at December 31, 2022 and 2021. All subordinated debentures are at three month LIBOR rate plus added points noted below at December 31, 2022 and 2021. Description Date Amount Added Maturity 5-Year (dollars in thousands) Colony Bankcorp Statutory Trust III June 16, 2004 $ 4,640 2.68% June 14, 2034 June 17, 2009 Colony Bankcorp Capital Trust I April 13, 2006 5,155 1.50% April 13, 2036 April 13, 2011 Colony Bankcorp Capital Trust II March 12, 2007 9,279 1.65% March 12, 2037 March 12, 2012 Colony Bankcorp Capital Trust III September 14, 2007 5,155 1.40% September 14, 2037 September 14, 2012

LEASES (Tables)

LEASES (Tables)	12 Months Ended
LEASES (Tables)	Dec. 31, 2022
Leases [Abstract]
Schedule of Balance Sheet Classification of Operating Lease Right-of-use Assets and Lease Liabilities	The following table represents the consolidated balance sheet classification of the Company’s ROU assets and liabilities. The Company elected not to include short-term leases (i.e., leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the consolidated balance sheet. (dollars in thousands) Classification December 31, 2022 December 31, 2021 Assets Operating lease right-of-use assets Other assets $ 1,834 $ 645 Liabilities Operating lease liabilities Other liabilities $ 1,895 $ 663
Schedule of Lessee, Operating Lease, Liability, Maturity	The following table represents the future maturities of the Company’s operating lease liabilities and other lease information. (dollars in thousands) Year Lease Liability 2023 $ 460 2024 412 2025 383 2026 279 2027 289 Thereafter 72 Total Lease Payments $ 1,895
Supplemental Lease Information	Supplemental Lease Information: (dollars in thousands) December 31, 2022 December 31, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases (cash payments) $ 549 $ 335 Operating lease right-of-use assets obtained in exchange for leases entered into during the period 1,750 742

COMPENSATION PLANS (Tables)

COMPENSATION PLANS (Tables)	12 Months Ended
COMPENSATION PLANS (Tables)	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Restricted Stock Awards	The following table presents the outstanding balance for restricted stock awards as of December 31, 2022 and 2021. Quantity Weighted-Average Grant Date Fair Value Outstanding at December 31, 2020 1,884 $ 17.73 Granted 187,600 17.93 Vested (1,884) 17.73 Forfeited (300) 17.93 Outstanding at December 31, 2021 187,300 17.93 Granted 139,720 16.11 Vested (71,154) 17.93 Forfeited (9,000) 17.36 Outstanding at December 31, 2022 246,866 16.92

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Financial Instruments Outstanding	At December 31, 2022 and 2021, the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount 2022 2021 (dollars in thousands) Commitments to extend credit $ 379,997 $ 318,853 Standby letters of credit 3,333 4,869

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
RELATED PARTY TRANSACTIONS (Tables)	Dec. 31, 2022
Loans and Leases Receivable, Related Parties Disclosure [Abstract]
Schedule of Related Party Transactions	A summary of activity of related party loans is shown below: (dollars in thousands) 2022 2021 Balance, Beginning $ 7,732 $ 5,043 New loans 1,182 6,576 Repayments (5,471) (5,721) Transactions due to changes in directors — 1,834 Balance, Ending $ 3,443 $ 7,732

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Carrying Amount, Estimated Fair Value, and Placement in the Fair Value Hierarchy	The carrying amount, estimated fair values, and placement in the fair value hierarchy of the Company’s financial instruments are as follows: Carrying Estimated Level (dollars in thousands) Amount Fair Value 1 2 3 December 31, 2022 Assets Cash and short-term investments $ 80,678 $ 80,678 $ 80,678 $ — $ — Investment securities available for sale 432,553 432,553 — 416,957 15,596 Investment securities held to maturity 465,858 411,264 — 411,264 — Other investments 13,793 13,793 — 13,003 790 Loans held for sale 17,743 17,743 — 17,743 — Loans, net 1,720,978 1,469,707 — — 1,469,707 Liabilities Deposits 2,490,997 2,489,481 — 2,489,481 — Federal Home Loan Bank advances 125,000 125,163 — 125,163 — Other borrowed money 78,352 69,930 — 69,930 — December 31, 2021 Assets Cash and short-term investments $ 197,232 $ 197,232 $ 197,232 $ — $ — Investment securities available for sale 938,164 938,164 87,551 850,613 — Other investments 14,012 14,012 5,574 4,183 4,255 Loans held for sale 38,150 38,150 — 38,150 — Loans, net 1,325,067 1,328,853 — — 1,328,853 Liabilities Deposits 2,374,608 2,375,385 — 2,375,385 — Federal Home Loan Bank advances 51,656 51,162 — 51,162 — Other borrowed money 36,792 36,796 — 36,796 —
Schedule of Assets Measured at Fair Value on a Recurring and Nonrecurring Basis	The table below includes only impaired loans with a specific reserve and only other real estate properties with a valuation allowance at December 31, 2022 and 2021. Those impaired loans and other real estate properties are shown net of the related specific reserves and valuation allowances. Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair Quoted Prices Significant Significant December 31, 2022 Nonrecurring Impaired loans $ 521 $ — $ — $ 521 Other real estate 651 — — 651 December 31, 2021 Nonrecurring Impaired loans $ 1,837 $ — $ — $ 1,837 Other real estate 281 — — 281
Schedule of Fair Value Measurements Using Significant Unobservable Inputs	The following tables present 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 December 31, 2022 and 2021. These tables are comprised primarily of collateral dependent impaired loans and other real estate owned: (dollars in thousands) December 31, 2022 Valuation Unobservable Range Impaired Loans $ 521 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % - 50% Other Real Estate $ 651 Appraised Value/ Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 0 % - 20% December 31, 2021 Valuation Unobservable Range Impaired Loans $ 1,837 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % - 100% Other Real Estate $ 281 Appraised Value/ Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 0 % - 20% The following table presents quantitative information about recurring level 3 fair value measurements as of December 31, 2022. December 31, 2022 (dollars in thousands) Fair Value Valuation Unobservable Range Available for sale securities $ 15,596 Discounted Cash Flow Discount Rate or Yield N/A* Other investments $ 790 Discounted Cash Flow Discount Rate or Yield N/A* * The Company relies on a third-party pricing service to value its securities. The details of the unobservable inputs and other adjustments used by the third-party pricing service were not readily available to the Company.
Schedule of Reconciliation and Statement of Income Classification of Gains and Losses for All Assets Measured at Fair Value on a Recurring Basis	The following table 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 year ended December 31, 2022 and 2021: Other Investments Available for sale securities (dollars in thousands) 2022 2021 2022 Beginning balance $ 4,255 $ — $ — Additions — 4,107 — Redemptions (3,306) — — Total unrealized/realized gains included in earnings (159) 148 — Transfer to Level 3 — — 15,596 Ending balance $ 790 $ 4,255 $ 15,596

REGULATORY CAPITAL MARKETS (Tab

REGULATORY CAPITAL MARKETS (Tables)	12 Months Ended
REGULATORY CAPITAL MARKETS (Tables)	Dec. 31, 2022
Banking And Thrift Disclosure [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following table summarizes regulatory capital information as of December 31, 2022 and December 31, 2021 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for December 31, 2022 and 2021 were calculated in accordance with the Basel III rules. Actual For Capital To Be Well (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2022 Total Capital to Risk-Weighted Assets Consolidated $ 318,250 15.11 % $ 168,498 8.00 % N/A N/A Colony Bank 272,812 12.99 168,014 8.00 210,017 10.00 % Tier I Capital to Risk-Weighted Assets Consolidated 262,999 12.49 126,341 6.00 N/A N/A Colony Bank 256,684 12.22 126,031 6.00 168,042 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 238,770 11.34 94,750 4.50 N/A N/A Colony Bank 256,684 12.22 94,524 4.50 136,534 6.50 Tier I Capital to Average Assets Consolidated 262,999 9.17 114,721 4.00 N/A N/A Colony Bank 256,684 8.97 114,463 4.00 143,079 5.00 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 I 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 I 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

FINANCIAL INFORMATION OF COLO_2

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheet	The parent company’s balance sheets as of December 31, 2022 and 2021 and the related statements of operations and comprehensive income (loss) and cash flows for each of the years in the two-year period then ended are as follows: COLONY BANKCORP, INC. (PARENT ONLY) BALANCE SHEETS DECEMBER 31 (DOLLARS IN THOUSANDS) 2022 2021 ASSETS Cash $ 40,361 $ 7,304 Investment in subsidiaries 249,868 245,614 Other 5,115 1,689 Total Assets $ 295,344 $ 254,607 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities Other $ 1,724 $ 108 Other borrowed money — 12,563 Subordinated notes 39,123 — Subordinated debentures 24,229 24,229 Total Liabilities 65,076 36,900 Stockholders’ Equity Common stock, par value $1.00; 50,000,000 shares authorized, 17,598,123 and 13,673,898 shares issued and outstanding as of December 31, 2022 and 2021, respectively 17,598 13,674 Paid-in capital 167,537 111,021 Retained earnings 111,573 99,189 Accumulated other comprehensive loss, net of tax (66,440) (6,177) Total Stockholder’s Equity 230,268 217,707 Total Liabilities and Stockholders’ Equity $ 295,344 $ 254,607
Condensed Income Statement	2022 2021 Income Dividends from subsidiaries $ 10,295 $ 31,060 Other 22 15 Total income 10,317 31,075 Expenses Interest 2,299 1,012 Salaries and employee benefits 457 371 Other 450 604 Total expenses 3,206 1,987 Income before income taxes and equity in undistributed earnings (distributions in excess of earnings) of subsidiaries 7,111 29,088 Income tax benefit (914) (731) Income before equity in undistributed earnings (distributions in excess of earnings) of subsidiaries 8,025 29,819 Equity in undistributed earnings(distributions in excess of earnings) of subsidiaries 11,517 (11,160) Net income $ 19,542 $ 18,659
Condensed Cash Flow Statement	2022 2021 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 19,542 $ 18,659 Adjustments to reconcile net income to net cash provided by operating activities: Stock-based compensation expense 1,743 599 Distribution in excess of earnings (equity in undistributed earnings) of subsidiaries (11,517) 11,160 Change in deferred taxes (2,125) — Change in interest payable 45 1 Other 270 (1,146) Net cash provided by operating activities 7,958 29,273 CASH FLOWS FROM INVESTING ACTIVITIES Net cash and cash equivalents paid in bank acquisition — (19,178) Capital injection into Bank subsidiary (53,000) — Net cash provided by investing activities (53,000) (19,178) CASH FLOWS FROM FINANCING ACTIVITIES Net increase (decrease) in other borrowed money 26,560 (1,000) Issuance of common stock 59,468 — Cash paid for tax withholding related to vesting of restricted stock (231) — Repurchase of shares (540) — Dividends paid on common stock (7,158) (4,463) Net cash used in financing activities 78,099 (5,463) Net increase in cash and cash equivalents 33,057 4,632 Cash and cash equivalents at beginning of period 7,304 2,672 Cash and cash equivalents at end of period $ 40,361 $ 7,304

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
EARNINGS PER SHARE (Tables)	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents earnings per share for the years ended December 31, 2022 and 2021: 2022 2021 (dollars in thousands, except per share amounts) Numerator Net income available to common stockholders $ 19,542 $ 18,659 Denominator Weighted average number of common shares outstanding for basic earnings per common share 17,191,079 11,254,130 Weighted average number of common shares outstanding for diluted earnings per common share 17,191,079 11,254,130 Earnings per share - basic $ 1.14 $ 1.66 Earnings per share - diluted $ 1.14 $ 1.66

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
SEGMENT INFORMATION (Tables)	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present information reported internally for performance assessment as of December 31, 2022 and 2021: December 31, 2022 (dollars in thousands) Bank Mortgage Small Totals Net Interest Income $ 79,193 $ 102 $ 1,330 $ 80,625 Provision for Loan Losses 3,370 — — 3,370 Noninterest Income 18,082 9,630 7,360 35,072 Noninterest Expenses 72,781 9,735 6,959 89,475 Income Taxes 3,010 98 202 3,310 Net income/(loss) $ 18,114 $ (101) $ 1,529 $ 19,542 Total assets $ 2,857,893 $ 18,221 $ 60,456 $ 2,936,570 Full Time Employees 427 65 30 522 December 31, 2021 (dollars in thousands) Bank Mortgage Small Totals Net Interest Income $ 64,293 $ 543 $ 1,353 $ 66,189 Provision for Loan Losses 700 — — 700 Noninterest Income 14,889 13,189 8,212 36,290 Noninterest Expenses 61,202 11,314 6,109 78,625 Income Taxes 3,311 458 726 4,495 Net income/(loss) $ 13,969 $ 1,960 $ 2,730 $ 18,659 Total assets $ 2,620,501 $ 25,149 $ 46,065 $ 2,691,715 Full Time Employees 400 55 26 481

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) segment	Jan. 01, 2023 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Property, Plant and Equipment [Line Items]
Discounted percentage to account for selling and marketing costs	0.25
Lease terms	13 years
Finite-lived intangible asset, useful life	10 years
Number of reportable segments \| segment	3
Retained earnings adjustment, net of tax	$ 230,268		$ 217,707	$ 144,488
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Retained earnings
Property, Plant and Equipment [Line Items]
Retained earnings adjustment, net of tax	$ 111,573		$ 99,189	$ 84,993
Retained earnings \| Revision of Prior Period, Accounting Standards Update, Adjustment \| Subsequent Event
Property, Plant and Equipment [Line Items]
Retained earnings adjustment, net of tax		$ 1,200
Building
Property, Plant and Equipment [Line Items]
Premises and equipment, useful lives	40 years
Furniture, fixtures and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful lives	5 years
Furniture, fixtures and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful lives	10 years
Computer Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful lives	3 years
Computer Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful lives	5 years

BUSINESS COMBINATIONS - Narrati

BUSINESS COMBINATIONS - Narrative (Details) $ / shares in Units, $ in Thousands		12 Months Ended
	Aug. 01, 2021 USD ($) bank $ / shares shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Business Acquisition [Line Items]
Cash consideration paid		$ 0	$ 4,210
Goodwill		48,923	52,906
Change in goodwill		3,984	0
SouthCrest Financial Group, Inc.
Business Acquisition [Line Items]
Number of banking locations \| bank	8
Cash paid in exchange for each share (in dollars per share) \| $ / shares	$ 10.45
Shares exchanged for each share (in shares) \| shares	0.7318
Shares of CBAN common stock issued to Southcrest shareholders (in shares) \| shares	3,987,815
Fair value of shares issued	$ 71,400
Cash consideration paid	21,600
Goodwill	35,037
Revenue of acquiree since acquisition date, actual			7,900
Net income of acquiree since acquisition date, actual			6,000
Pro forma revenue			121,900
Pro forma net income (loss)			$ 20,800
Credit impaired loans acquired	306,302
Change in goodwill	$ 35,000
LBC Bancshares, Inc
Business Acquisition [Line Items]
Shares of CBAN common stock issued to Southcrest shareholders (in shares) \| shares	3,987,815
Fair value of shares issued	$ 71,382
Cash consideration paid	21,620
Loans	307,456
Discount on loans purchased	$ 635
Discount on loans purchased, percentage of loan value	210%
Credit impaired loans acquired	$ 1,154
Insurance Agencies
Business Acquisition [Line Items]
Change in goodwill		1,900
Insurance Agencies \| Customer Deposits
Business Acquisition [Line Items]
Finite-lived intangible assets acquired		$ 2,300

BUSINESS COMBINATIONS - Schedul

BUSINESS COMBINATIONS - Schedule of Assets and Liabilities Acquired (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Aug. 01, 2021	Dec. 31, 2022	Dec. 31, 2021	Jul. 30, 2021
Purchase price consideration:
Cash consideration paid		$ 0	$ 4,210
Liabilities assumed at fair value:
Amount of goodwill resulting from acquisition		$ 48,923	$ 52,906
LBC Bancshares, Inc
Purchase price consideration:
Shares of CBAN common stock issued to Southcrest shareholders (in shares)	3,987,815
Market price of CBAN common stock on July 30, 2021 (in dollars per share)				$ 17.90
Estimated fair value of CBAN common stock issued	$ 71,382
Cash consideration paid	21,620
Total consideration	93,002
Assets acquired at fair value:
Cash and cash equivalents	59,131
Investments securities available for sale	317,857
Restricted investments	3,196
Loans	307,456
Premises and equipment	8,543
Core deposit intangible	4,025
Other real estate	538
Prepaid and other assets	25,393
Total fair value of assets acquired	726,139
Liabilities assumed at fair value:
Deposits	(631,375)
FHLB advances	(29,064)
Payables and other liabilities	(7,735)
Total fair value of liabilities assumed	(668,174)
Net assets acquired at fair value:	$ 57,965

BUSINESS COMBINATIONS - Contrac

BUSINESS COMBINATIONS - Contractually Required Principal and Interest Cash Payments (Details) - LBC Bancshares, Inc $ in Thousands	Aug. 01, 2021 USD ($)
Business Acquisition [Line Items]
Contractually required principal and interest payments	$ 1,154
Nonaccretable difference	0
Cash flows expected to be collected	1,154
Accretable yield	0
Total purchased credit-impaired loans acquired	$ 1,154

BUSINESS COMBINATIONS - Sched_2

BUSINESS COMBINATIONS - Schedule of Loan Data for LBC Acquisition (Details) - SouthCrest Financial Group, Inc. $ in Thousands	Aug. 01, 2021 USD ($)
Business Acquisition [Line Items]
Acquired receivables subject to ASC 310-30, Fair value of acquired loans at acquisition date	$ 1,154
Acquired receivables subject to ASC 310-30, Contractually required principal and interest payments	1,154
Acquired receivables subject to ASC 310-30, Nonaccretable difference	0
Acquired receivables not subject to ASC 310-30, Fair value of acquired loans at acquisition date	306,302
Acquired receivables not subject to ASC 310-30, Contractually required principal and interest payments	306,937
Acquired receivables not subject to ASC 310-30, Nonaccretable difference	$ 0

INVESTMENT SECURITIES - Schedul

INVESTMENT SECURITIES - Schedule of Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 01, 2022	Dec. 31, 2021
Securities Available for Sale:
Amortized Cost	$ 490,206		$ 946,511
Gross Unrealized Gains	173		3,562
Gross Unrealized Losses	(57,826)		(11,909)
Fair Value	432,553		938,164
Securities Held to Maturity:
Amortized Cost	465,858
Gross Unrealized Gains	32
Gross Unrealized Losses	(54,626)
Fair Value	411,264	$ 477,000
U.S. treasury securities
Securities Available for Sale:
Amortized Cost	1,644		88,638
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(22)		(1,087)
Fair Value	1,622		87,551
Securities Held to Maturity:
Amortized Cost	91,615
Gross Unrealized Gains	0
Gross Unrealized Losses	(4,149)
Fair Value	87,466
U.S. agency
Securities Available for Sale:
Amortized Cost	5,035		17,916
Gross Unrealized Gains	0		5
Gross Unrealized Losses	(450)		(140)
Fair Value	4,585		17,781
Securities Held to Maturity:
Amortized Cost	16,409
Gross Unrealized Gains	0
Gross Unrealized Losses	(1,838)
Fair Value	14,571
Asset backed securities
Securities Available for Sale:
Amortized Cost	31,468
Gross Unrealized Gains	0
Gross Unrealized Losses	(1,480)
Fair Value	29,988
State, county and municipal securities
Securities Available for Sale:
Amortized Cost	126,119		252,632
Gross Unrealized Gains	0		877
Gross Unrealized Losses	(21,363)		(3,356)
Fair Value	104,756		250,153
Securities Held to Maturity:
Amortized Cost	136,138
Gross Unrealized Gains	32
Gross Unrealized Losses	(19,518)
Fair Value	116,652
Corporate debt securities
Securities Available for Sale:
Amortized Cost	54,741		48,153
Gross Unrealized Gains	164		520
Gross Unrealized Losses	(5,320)		(265)
Fair Value	49,585		48,408
Mortgage-backed securities
Securities Available for Sale:
Amortized Cost	271,199		539,172
Gross Unrealized Gains	9		2,160
Gross Unrealized Losses	(29,191)		(7,061)
Fair Value	242,017		$ 534,271
Securities Held to Maturity:
Amortized Cost	221,696
Gross Unrealized Gains	0
Gross Unrealized Losses	(29,121)
Fair Value	$ 192,575

INVESTMENT SECURITIES - Narrati

INVESTMENT SECURITIES - Narrative (Details)	8 Months Ended	12 Months Ended
INVESTMENT SECURITIES - Narrative (Details)	Sep. 01, 2022 USD ($)	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($)
Debt Securities, Available-for-sale [Line Items]
Held-to-maturity, book value	$ 511,000,000
Fair Value	477,000,000	$ 411,264,000
Available-for-sale to held-to-maturity, transfer unrealized loss	$ 34,000,000	$ 34,000,000
Number of available-for-sale securities that have unrealized losses \| security		286
Number of held-to-maturity securities that have unrealized losses \| security		160
Securities deemed to be other than temporary		$ 0
Proceeds from sales of investment securities available for sale		60,924,000	$ 96,781,000
Gross realized gains on available for sale securities		24,000	391,000
Gross realized losses on securities		106,000	478,000
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Investment securities pledged as collateral		$ 541,800,000	$ 247,400,000

INVESTMENT SECURITIES - Availab

INVESTMENT SECURITIES - Available-for-Sale Securities Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Estimated Fair Value
Less Than 12 Months	$ 183,951	$ 688,212
12 Months or More	246,349	27,099
Total	430,300	715,311
Unrealized Losses
Less Than 12 Months	(13,575)	(11,044)
12 Months or More	(44,251)	(865)
Total	(57,826)	(11,909)
U.S. treasury securities
Estimated Fair Value
Less Than 12 Months	1,377	87,302
12 Months or More	245	0
Total	1,622	87,302
Unrealized Losses
Less Than 12 Months	(17)	(1,087)
12 Months or More	(5)	0
Total	(22)	(1,087)
U.S. agency
Estimated Fair Value
Less Than 12 Months	3,221	10,969
12 Months or More	1,364	0
Total	4,585	10,969
Unrealized Losses
Less Than 12 Months	(257)	(140)
12 Months or More	(193)	0
Total	(450)	(140)
Asset backed securities
Estimated Fair Value
Less Than 12 Months	10,780
12 Months or More	19,208
Total	29,988
Unrealized Losses
Less Than 12 Months	(319)
12 Months or More	(1,161)
Total	(1,480)
State, county and municipal securities
Estimated Fair Value
Less Than 12 Months	29,284	180,551
12 Months or More	75,472	5,970
Total	104,756	186,521
Unrealized Losses
Less Than 12 Months	(3,629)	(3,131)
12 Months or More	(17,734)	(225)
Total	(21,363)	(3,356)
Corporate debt securities
Estimated Fair Value
Less Than 12 Months	17,258	31,977
12 Months or More	30,651	0
Total	47,909	31,977
Unrealized Losses
Less Than 12 Months	(1,463)	(265)
12 Months or More	(3,857)	0
Total	(5,320)	(265)
Mortgage-backed securities
Estimated Fair Value
Less Than 12 Months	122,031	377,413
12 Months or More	119,409	21,129
Total	241,440	398,542
Unrealized Losses
Less Than 12 Months	(7,890)	(6,421)
12 Months or More	(21,301)	(640)
Total	$ (29,191)	$ (7,061)

INVESTMENT SECURITIES - Held-to

INVESTMENT SECURITIES - Held-to-Maturity Securities Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Fair Value
Less Than 12 Months	$ 23,438
12 Months or Greater	386,766
Total	410,204
Gross Unrealized Losses
Less Than 12 Months	(2,121)
12 Months or Greater	(52,505)
Total	(54,626)
U.S. treasury securities
Fair Value
Less Than 12 Months	0
12 Months or Greater	87,466
Total	87,466
Gross Unrealized Losses
Less Than 12 Months	0
12 Months or Greater	(4,149)
Total	(4,149)
U.S. agency
Fair Value
Less Than 12 Months	0
12 Months or Greater	14,571
Total	14,571
Gross Unrealized Losses
Less Than 12 Months	0
12 Months or Greater	(1,838)
Total	(1,838)
State, county and municipal securities
Fair Value
Less Than 12 Months	9,858
12 Months or Greater	105,734
Total	115,592
Gross Unrealized Losses
Less Than 12 Months	(1,392)
12 Months or Greater	(18,126)
Total	(19,518)
Mortgage-backed securities
Fair Value
Less Than 12 Months	13,580
12 Months or Greater	178,995
Total	192,575
Gross Unrealized Losses
Less Than 12 Months	(729)
12 Months or Greater	(28,392)
Total	$ (29,121)

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 01, 2022	Dec. 31, 2021
Amortized Cost
Due in one year or less	$ 1,319
Due after one year through five years	14,126
Due after five years through ten years	89,731
Due after ten years	113,831
Total excluding mortgage-backed securities	219,007
Mortgage-backed securities	271,199
Amortized Cost	490,206		$ 946,511
Fair Value
Due in one year or less	1,304
Due after one year through five years	12,871
Due after five years through ten years	76,895
Due after ten years	99,466
Total excluding mortgage-backed securities	190,536
Mortgage-backed securities	242,017
Fair Value	432,553		$ 938,164
Amortized Cost
Due in one year or less	0
Due after one year through five years	79,306
Due after five years through ten years	78,975
Due after ten years	85,881
Total amortized cost	244,162
Mortgage-backed securities	221,696
Amortized Cost	465,858
Fair Value
Due in one year or less	0
Due after one year through five years	75,759
Due after five years through ten years	69,275
Due after ten years	73,655
Total fair value	218,689
Mortgage-backed securities	192,575
Fair Value	$ 411,264	$ 477,000

LOANS - Segregated by Class of

LOANS - Segregated by Class of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 1,737,106	$ 1,337,977
Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,540,989	1,004,204
Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	196,117	333,773
Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
Loans	229,435	165,446
Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	975,447	787,392
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,204,882	952,838
Commercial real estate \| Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,063,890	715,692
Commercial real estate \| Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	140,992	237,146
Commercial real estate \| Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
Loans	229,435	165,446
Commercial real estate \| Construction, land & land development \| Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	216,206	119,953
Commercial real estate \| Construction, land & land development \| Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	13,229	45,493
Commercial real estate \| Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	975,447	787,392
Commercial real estate \| Other commercial real estate \| Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	847,684	595,739
Commercial real estate \| Other commercial real estate \| Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	127,763	191,653
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	290,054	212,527
Residential real estate \| Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	249,390	159,469
Residential real estate \| Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	40,664	53,058
Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	223,923	154,048
Commercial, financial & agricultural \| Paycheck Protection Program, CARES Act
Loans and Leases Receivable Disclosure [Line Items]
Loans	95	9,000
Commercial, financial & agricultural \| Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	210,413	113,040
Commercial, financial & agricultural \| Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	13,510	41,008
Consumer & other
Loans and Leases Receivable Disclosure [Line Items]
Loans	18,247	18,564
Consumer & other \| Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	17,296	16,003
Consumer & other \| Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 951	$ 2,561

LOANS - Loan Portfolio by Credi

LOANS - Loan Portfolio by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 1,737,106	$ 1,337,977
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,204,882	952,838
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	290,054	212,527
Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	223,923	154,048
Consumer & other
Loans and Leases Receivable Disclosure [Line Items]
Loans	18,247	18,564
Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
Loans	229,435	165,446
Construction, land & land development \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	229,435	165,446
Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	975,447	787,392
Other commercial real estate \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	975,447	787,392
Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,540,989	1,004,204
Legacy Loans \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,063,890	715,692
Legacy Loans \| Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	249,390	159,469
Legacy Loans \| Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	210,413	113,040
Legacy Loans \| Consumer & other
Loans and Leases Receivable Disclosure [Line Items]
Loans	17,296	16,003
Legacy Loans \| Construction, land & land development \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	216,206	119,953
Legacy Loans \| Other commercial real estate \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	847,684	595,739
Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	196,117	333,773
Purchased Loans \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	140,992	237,146
Purchased Loans \| Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	40,664	53,058
Purchased Loans \| Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	13,510	41,008
Purchased Loans \| Consumer & other
Loans and Leases Receivable Disclosure [Line Items]
Loans	951	2,561
Purchased Loans \| Construction, land & land development \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	13,229	45,493
Purchased Loans \| Other commercial real estate \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	127,763	191,653
Pass \| Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,507,276	943,328
Pass \| Legacy Loans \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,042,565	678,752
Pass \| Legacy Loans \| Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	239,570	148,507
Pass \| Legacy Loans \| Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	207,935	100,282
Pass \| Legacy Loans \| Consumer & other
Loans and Leases Receivable Disclosure [Line Items]
Loans	17,206	15,787
Pass \| Legacy Loans \| Construction, land & land development \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	215,265	116,524
Pass \| Legacy Loans \| Other commercial real estate \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	827,300	562,228
Pass \| Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	189,339	325,481
Pass \| Purchased Loans \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	137,055	232,337
Pass \| Purchased Loans \| Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	38,360	49,875
Pass \| Purchased Loans \| Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	12,973	40,711
Pass \| Purchased Loans \| Consumer & other
Loans and Leases Receivable Disclosure [Line Items]
Loans	951	2,558
Pass \| Purchased Loans \| Construction, land & land development \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	13,229	45,432
Pass \| Purchased Loans \| Other commercial real estate \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	123,826	186,905
Special Mention \| Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	21,368	46,143
Special Mention \| Legacy Loans \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	14,526	28,872
Special Mention \| Legacy Loans \| Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	5,976	5,733
Special Mention \| Legacy Loans \| Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	812	11,460
Special Mention \| Legacy Loans \| Consumer & other
Loans and Leases Receivable Disclosure [Line Items]
Loans	54	78
Special Mention \| Legacy Loans \| Construction, land & land development \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	290	3,154
Special Mention \| Legacy Loans \| Other commercial real estate \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	14,236	25,718
Special Mention \| Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	3,997	4,084
Special Mention \| Purchased Loans \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	3,326	3,518
Special Mention \| Purchased Loans \| Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	598	563
Special Mention \| Purchased Loans \| Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	73	0
Special Mention \| Purchased Loans \| Consumer & other
Loans and Leases Receivable Disclosure [Line Items]
Loans	0	3
Special Mention \| Purchased Loans \| Construction, land & land development \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	0	0
Special Mention \| Purchased Loans \| Other commercial real estate \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	3,326	3,518
Substandard \| Legacy Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	12,345	14,733
Substandard \| Legacy Loans \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	6,799	8,068
Substandard \| Legacy Loans \| Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	3,844	5,229
Substandard \| Legacy Loans \| Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,666	1,298
Substandard \| Legacy Loans \| Consumer & other
Loans and Leases Receivable Disclosure [Line Items]
Loans	36	138
Substandard \| Legacy Loans \| Construction, land & land development \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	651	275
Substandard \| Legacy Loans \| Other commercial real estate \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	6,148	7,793
Substandard \| Purchased Loans
Loans and Leases Receivable Disclosure [Line Items]
Loans	2,781	4,208
Substandard \| Purchased Loans \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	611	1,291
Substandard \| Purchased Loans \| Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,706	2,620
Substandard \| Purchased Loans \| Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans	464	297
Substandard \| Purchased Loans \| Consumer & other
Loans and Leases Receivable Disclosure [Line Items]
Loans	0	0
Substandard \| Purchased Loans \| Construction, land & land development \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	0	61
Substandard \| Purchased Loans \| Other commercial real estate \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 611	$ 1,230

LOANS - Narrative (Details)

LOANS - Narrative (Details)	12 Months Ended
LOANS - Narrative (Details)	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan renewal
Loans and Leases Receivable Disclosure [Line Items]
Minimum loan balance to review high risk loans	$ 500,000
Interest income on impaired loans	724,000	$ 570,000
Interest lost on nonaccrual loans	$ 1,300,000	$ 1,200,000
Number of loan contracts restructured \| loan		3
Loan contracts restructured		$ 647,000
Number of loan contracts with subsequent default \| loan	0	0
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Number of loan contracts restructured \| loan		2
Loan contracts restructured		$ 136,000
Commercial Loan \| Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Number of loan contracts restructured \| loan	1
Loan contracts restructured	$ 181,000
Construction Loans
Loans and Leases Receivable Disclosure [Line Items]
Number of loan contracts restructured \| renewal		1
Loan contracts restructured		$ 511,000

LOANS - Age Analysis of Past Du

LOANS - Age Analysis of Past Due Loans and Nonaccrual (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans	$ 1,737,106	$ 1,337,977
Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	1,540,989	1,004,204
Nonaccrual Loans	4,312	3,952
Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	196,117	333,773
Nonaccrual Loans	1,394	1,497
30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	1,708	938
30-89 Days Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	85	3,629
90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
90 Days or More Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	1,708	938
Total Accruing Loans Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	85	3,629
Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	1,534,969	999,314
Current Loans \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	194,638	328,647
Construction, land & land development
Financing Receivable, Past Due [Line Items]
Loans	229,435	165,446
Other commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	975,447	787,392
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	1,204,882	952,838
Commercial real estate \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	1,063,890	715,692
Nonaccrual Loans	1,538	577
Commercial real estate \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	140,992	237,146
Nonaccrual Loans	120	291
Commercial real estate \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	395	355
Commercial real estate \| 30-89 Days Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	2,680
Commercial real estate \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate \| 90 Days or More Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	395	355
Commercial real estate \| Total Accruing Loans Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	2,680
Commercial real estate \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	1,061,957	714,760
Commercial real estate \| Current Loans \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	140,872	234,175
Commercial real estate \| Construction, land & land development
Financing Receivable, Past Due [Line Items]
Loans	229,435	165,446
Commercial real estate \| Construction, land & land development \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	216,206	119,953
Nonaccrual Loans	149	0
Commercial real estate \| Construction, land & land development \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	13,229	45,493
Nonaccrual Loans	0	31
Commercial real estate \| Construction, land & land development \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	6
Commercial real estate \| Construction, land & land development \| 30-89 Days Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	2,680
Commercial real estate \| Construction, land & land development \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate \| Construction, land & land development \| 90 Days or More Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate \| Construction, land & land development \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	6
Commercial real estate \| Construction, land & land development \| Total Accruing Loans Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	2,680
Commercial real estate \| Construction, land & land development \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	216,057	119,947
Commercial real estate \| Construction, land & land development \| Current Loans \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	13,229	42,782
Commercial real estate \| Other commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	975,447	787,392
Commercial real estate \| Other commercial real estate \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	847,684	595,739
Nonaccrual Loans	1,389	577
Commercial real estate \| Other commercial real estate \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	127,763	191,653
Nonaccrual Loans	120	260
Commercial real estate \| Other commercial real estate \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	395	349
Commercial real estate \| Other commercial real estate \| 30-89 Days Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate \| Other commercial real estate \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate \| Other commercial real estate \| 90 Days or More Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate \| Other commercial real estate \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	395	349
Commercial real estate \| Other commercial real estate \| Total Accruing Loans Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial real estate \| Other commercial real estate \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	845,900	594,813
Commercial real estate \| Other commercial real estate \| Current Loans \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	127,643	191,393
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans	290,054	212,527
Residential real estate \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	249,390	159,469
Nonaccrual Loans	1,875	2,641
Residential real estate \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	40,664	53,058
Nonaccrual Loans	811	1,198
Residential real estate \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	870	421
Residential real estate \| 30-89 Days Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	12	560
Residential real estate \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Residential real estate \| 90 Days or More Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Residential real estate \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	870	421
Residential real estate \| Total Accruing Loans Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	12	560
Residential real estate \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	246,645	156,407
Residential real estate \| Current Loans \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	39,841	51,300
Commercial, financial & agricultural
Financing Receivable, Past Due [Line Items]
Loans	223,923	154,048
Commercial, financial & agricultural \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	210,413	113,040
Nonaccrual Loans	878	708
Commercial, financial & agricultural \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	13,510	41,008
Nonaccrual Loans	463	0
Commercial, financial & agricultural \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	403	69
Commercial, financial & agricultural \| 30-89 Days Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	73	389
Commercial, financial & agricultural \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial, financial & agricultural \| 90 Days or More Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial, financial & agricultural \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	403	69
Commercial, financial & agricultural \| Total Accruing Loans Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	73	389
Commercial, financial & agricultural \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	209,132	112,263
Commercial, financial & agricultural \| Current Loans \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	12,974	40,619
Consumer & other
Financing Receivable, Past Due [Line Items]
Loans	18,247	18,564
Consumer & other \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	17,296	16,003
Nonaccrual Loans	21	26
Consumer & other \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	951	2,561
Nonaccrual Loans	0	8
Consumer & other \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	40	93
Consumer & other \| 30-89 Days Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer & other \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer & other \| 90 Days or More Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer & other \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	40	93
Consumer & other \| Total Accruing Loans Past Due \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer & other \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans	17,235	15,884
Consumer & other \| Current Loans \| Purchased Loans
Financing Receivable, Past Due [Line Items]
Loans	$ 951	$ 2,553

LOANS - Impaired Loan Data (Det

LOANS - Impaired Loan Data (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	$ 3,856	$ 8,298
With An Allowance Recorded	474	1,115
Loans Including Purchased Credit Impaired Loans	5,128	11,612
Recorded investment
With No Related Allowance Recorded	3,856	7,503
With An Allowance Recorded	474	1,256
Loans Including Purchased Credit Impaired Loans	5,128	10,748
Related allowance
With An Allowance Recorded	44	256
Total Impaired Loans	77	376
Average Recorded Investment
With No Related Allowance Recorded	6,198	13,563
With An Allowance Recorded	1,637	5,538
Loans Including Purchased Credit Impaired Loans	8,673	20,068
Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	798	2,199
Recorded investment
Loans Including Purchased Credit Impaired Loans	798	1,989
Related allowance
With An Allowance Recorded	33	120
Purchased Credit Impaired Loans	33	120
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	838	967
Construction, land & land development
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	40	62
With An Allowance Recorded	474	0
Loans Including Purchased Credit Impaired Loans	514	62
Recorded investment
With No Related Allowance Recorded	40	62
With An Allowance Recorded	474	0
Loans Including Purchased Credit Impaired Loans	514	62
Related allowance
With An Allowance Recorded	44	0
Total Impaired Loans	44	0
Average Recorded Investment
With No Related Allowance Recorded	10	4,311
With An Allowance Recorded	177	0
Loans Including Purchased Credit Impaired Loans	187	4,362
Construction, land & land development \| Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	0	0
Recorded investment
Loans Including Purchased Credit Impaired Loans	0	0
Related allowance
With An Allowance Recorded	0	0
Purchased Credit Impaired Loans	0	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	0	51
Other commercial real estate
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	3,754	7,203
With An Allowance Recorded	0	430
Loans Including Purchased Credit Impaired Loans	4,552	9,636
Recorded investment
With No Related Allowance Recorded	3,754	6,369
With An Allowance Recorded	0	483
Loans Including Purchased Credit Impaired Loans	4,552	8,768
Related allowance
With An Allowance Recorded	0	148
Total Impaired Loans	33	166
Average Recorded Investment
With No Related Allowance Recorded	5,311	8,113
With An Allowance Recorded	503	4,429
Loans Including Purchased Credit Impaired Loans	6,574	13,344
Other commercial real estate \| Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	798	2,003
Recorded investment
Loans Including Purchased Credit Impaired Loans	798	1,916
Related allowance
With An Allowance Recorded	33	18
Purchased Credit Impaired Loans	33	18
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	760	802
Residential real estate
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	62	958
With An Allowance Recorded	0	685
Loans Including Purchased Credit Impaired Loans	62	1,647
Recorded investment
With No Related Allowance Recorded	62	997
With An Allowance Recorded	0	773
Loans Including Purchased Credit Impaired Loans	62	1,770
Related allowance
With An Allowance Recorded	0	108
Total Impaired Loans	0	114
Average Recorded Investment
With No Related Allowance Recorded	570	1,083
With An Allowance Recorded	588	1,029
Loans Including Purchased Credit Impaired Loans	1,171	2,119
Residential real estate \| Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	0	4
Recorded investment
Loans Including Purchased Credit Impaired Loans	0	0
Related allowance
With An Allowance Recorded	0	6
Purchased Credit Impaired Loans	0	6
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	13	7
Commercial, financial & agricultural
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	0	75
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	0	75
Recorded investment
With No Related Allowance Recorded	0	75
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	0	75
Related allowance
With An Allowance Recorded	0	0
Total Impaired Loans	0	0
Average Recorded Investment
With No Related Allowance Recorded	306	56
With An Allowance Recorded	369	79
Loans Including Purchased Credit Impaired Loans	675	170
Commercial, financial & agricultural \| Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	0	0
Recorded investment
Loans Including Purchased Credit Impaired Loans	0	0
Related allowance
With An Allowance Recorded	0	0
Purchased Credit Impaired Loans	0	0
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	0	35
Consumer & other
Unpaid Contractual Principal Balance
With No Related Allowance Recorded	0	0
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	0	192
Recorded investment
With No Related Allowance Recorded	0	0
With An Allowance Recorded	0	0
Loans Including Purchased Credit Impaired Loans	0	73
Related allowance
With An Allowance Recorded	0	0
Total Impaired Loans	0	96
Average Recorded Investment
With No Related Allowance Recorded	1	0
With An Allowance Recorded	0	1
Loans Including Purchased Credit Impaired Loans	66	73
Consumer & other \| Purchase credit impaired
Unpaid Contractual Principal Balance
Loans Including Purchased Credit Impaired Loans	0	192
Recorded investment
Loans Including Purchased Credit Impaired Loans	0	73
Related allowance
With An Allowance Recorded	0	96
Purchased Credit Impaired Loans	0	96
Average Recorded Investment
Loans Including Purchased Credit Impaired Loans	$ 65	$ 72

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 12,910	$ 12,127
Charge-offs	(480)	(913)
Recoveries	328	996
Provision	3,370	700
Ending balance	16,128	12,910
Period-end amount allocated to:
Individually evaluated for impairment	44	256
Collectively evaluated for impairment	16,051	12,534
Purchase credit impaired	44	256
Loans:
Loans individually evaluated for impairment	4,330	8,759
Loans collectively evaluated for impairment	1,731,978	1,327,229
Purchased credit impaired	5,128	10,748
Loans	1,737,106	1,337,977
Purchase credit impaired
Period-end amount allocated to:
Purchase credit impaired	33	120
Loans:
Purchased credit impaired	798	1,989
Construction, land & land development
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,127	1,013
Charge-offs	0	0
Recoveries	25	466
Provision	807	(352)
Ending balance	1,959	1,127
Period-end amount allocated to:
Individually evaluated for impairment	44	0
Collectively evaluated for impairment	1,915	1,127
Purchase credit impaired	44	0
Loans:
Loans individually evaluated for impairment	514	62
Loans collectively evaluated for impairment	228,921	165,384
Purchased credit impaired	514	62
Loans	229,435	165,446
Construction, land & land development \| Purchase credit impaired
Period-end amount allocated to:
Purchase credit impaired	0	0
Loans:
Purchased credit impaired	0	0
Other commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	7,691	6,880
Charge-offs	(58)	(568)
Recoveries	85	118
Provision	1,168	1,261
Ending balance	8,886	7,691
Period-end amount allocated to:
Individually evaluated for impairment	0	148
Collectively evaluated for impairment	8,853	7,525
Purchase credit impaired	0	148
Loans:
Loans individually evaluated for impairment	3,754	6,852
Loans collectively evaluated for impairment	970,895	778,624
Purchased credit impaired	4,552	8,768
Loans	975,447	787,392
Other commercial real estate \| Purchase credit impaired
Period-end amount allocated to:
Purchase credit impaired	33	18
Loans:
Purchased credit impaired	798	1,916
Residential real estate
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,805	2,278
Charge-offs	(48)	(3)
Recoveries	50	274
Provision	547	(744)
Ending balance	2,354	1,805
Period-end amount allocated to:
Individually evaluated for impairment	0	108
Collectively evaluated for impairment	2,354	1,691
Purchase credit impaired	0	108
Loans:
Loans individually evaluated for impairment	62	1,770
Loans collectively evaluated for impairment	289,992	210,757
Purchased credit impaired	62	1,770
Loans	290,054	212,527
Residential real estate \| Purchase credit impaired
Period-end amount allocated to:
Purchase credit impaired	0	6
Loans:
Purchased credit impaired	0	0
Commercial, financial & agricultural
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,083	1,713
Charge-offs	(314)	(274)
Recoveries	139	91
Provision	1,801	(447)
Ending balance	2,709	1,083
Period-end amount allocated to:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	2,709	1,083
Purchase credit impaired	0	0
Loans:
Loans individually evaluated for impairment	0	75
Loans collectively evaluated for impairment	223,923	153,973
Purchased credit impaired	0	75
Loans	223,923	154,048
Commercial, financial & agricultural \| Purchase credit impaired
Period-end amount allocated to:
Purchase credit impaired	0	0
Loans:
Purchased credit impaired	0	0
Consumer & other
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,204	243
Charge-offs	(60)	(68)
Recoveries	29	47
Provision	(953)	982
Ending balance	220	1,204
Period-end amount allocated to:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	220	1,108
Purchase credit impaired	0	0
Loans:
Loans individually evaluated for impairment	0	0
Loans collectively evaluated for impairment	18,247	18,491
Purchased credit impaired	0	73
Loans	18,247	18,564
Consumer & other \| Purchase credit impaired
Period-end amount allocated to:
Purchase credit impaired	0	96
Loans:
Purchased credit impaired	$ 0	$ 73

PREMISES AND EQUIPMENT - Premis

PREMISES AND EQUIPMENT - Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	$ 72,227	$ 71,436
Accumulated depreciation	(30,621)	(28,403)
Total premises and equipment	41,606	43,033
Land
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	12,944	11,848
Building
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	37,718	38,777
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	19,524	17,792
Leasehold improvements
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	1,099	1,073
Construction in progress
Property, Plant and Equipment [Line Items]
Premise and equipment, gross	$ 942	$ 1,946

PREMISES AND EQUIPMENT - Narrat

PREMISES AND EQUIPMENT - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 2.7	$ 2.7
Construction in process, cost, maximum	$ 2.2

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	12 Months Ended
OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Real Estate [Roll Forward]
Balance, Beginning of year	$ 281	$ 1,006
Loans transferred to other real estate	0	145
Acquired in acquisitions	0	538
Sales proceeds	(35)	(1,360)
Transfer from other assets	405	0
Net loss on sale and writedowns	0	(48)
Ending balance	$ 651	$ 281

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Analysis of the Core Deposit Intangible Activity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Aug. 01, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 9,935	$ 9,935
Accumulated Amortization	4,271	2,546
Goodwill	48,923	52,906
SouthCrest Financial Group, Inc.
Finite-Lived Intangible Assets [Line Items]
Goodwill			$ 35,037
Core deposit intangible
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	7,685	7,685
Accumulated Amortization	3,965	2,464
Customer relationship intangible
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,250	2,250
Accumulated Amortization	$ 306	$ 82

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	Aug. 01, 2021	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired		$ 3,984	$ 0
Amortization expense of intangibles		1,700	$ 1,200
SouthCrest Financial Group, Inc.
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired	$ 35,000
Goodwill, subsequent adjustments		4,000
SouthCrest Financial Group, Inc. \| Core deposit intangible
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 4,000
Insurance Acquisitions
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired		1,900
Insurance Acquisitions \| Customer deposit intangibles
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired		$ 2,300

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Estimated Future Amortization Expense (Details) - Core deposit intangible $ in Thousands	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
2023	$ 1,471
2024	1,217
2025	963
2026	658
2027	453
Thereafter	902
Total	$ 5,664

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Current federal expense	$ 2,855	$ 5,316
Deferred federal expense	782	(661)
Federal income tax expense	3,637	4,655
Current state expense	(474)	663
Deferred state expense	147	(823)
State income tax expense	(327)	(160)
Provision for income taxes	$ 3,310	$ 4,495

INCOME TAXES - Effective Income

INCOME TAXES - Effective Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Tax at federal income tax rate	$ 4,799	$ 4,862
Change resulting from:
State taxes	(258)	(126)
Tax-exempt interest	(541)	(404)
Income in cash value of bank owned life insurance	(329)	(219)
Tax-exempt insurance premiums	(248)	0
Nondeductible merger expenses	0	222
Other	(113)	160
Provision for income taxes	$ 3,310	$ 4,495

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred Tax Assets
Allowance for loan losses	$ 4,108	$ 3,290
Lease liability	483	169
Net operating loss carryforwards	3,160	272
Tax credit carryforwards	501	0
Deferred compensation	282	297
Unrealized loss on securities available for sale	22,703	2,170
Restricted stock	308	166
Investment in partnerships	195	232
Other	50	19
Gross deferred tax assets	31,790	6,615
Deferred Tax Liabilities
Premises and equipment	707	267
Right of use lease asset	467	164
Purchase accounting adjustments	1,779	1,322
Core deposit intangible	638	1,218
Gross deferred tax liabilities	3,591	2,971
Net deferred tax assets	$ 28,199	$ 3,644

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deposits, by Component, Alternative [Abstract]
Overdrawn deposit accounts reclassified as loan balances	$ 612	$ 626
Brokered deposits	50,800	883
Time deposits, at or above FDIC insurance limit	$ 114,800	$ 73,400

DEPOSITS - Components of Intere

DEPOSITS - Components of Interest-bearing Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deposits, by Component, Alternative [Abstract]
Interest-bearing demand	$ 831,152	$ 930,811
Savings and money market deposits	617,135	541,993
Time, $250,000 and over	114,780	73,407
Other time	358,760	275,821
Total interest-bearing deposits	$ 1,921,827	$ 1,822,032

DEPOSITS - Scheduled Maturities

DEPOSITS - Scheduled Maturities of Certificates of Deposit (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Deposits, by Component, Alternative [Abstract]
2023	$ 322,413
2024	88,954
2025	48,840
2026	5,063
2027	7,904
Thereafter	366
Total time deposits	$ 473,540

BORROWINGS - Outstanding Borrow

BORROWINGS - Outstanding Borrowings (Details) - USD ($)	Dec. 31, 2022	May 20, 2022	Dec. 31, 2021	May 01, 2019
Amount
Revolving Credit	$ 0		$ 0
Fair Value Adjustment for FHLB Borrowings acquired from SouthCrest			844,000
Total borrowings	203,352,000		88,448,000
Revolving Credit Facility
Amount
Term Note			5,300,000
Revolving Credit			$ 5,313,000
Interest Rate
Long-term debt			2.85%
FRB Discount Window
Amount
FRB Discount Window	$ 15,000,000
Interest Rate
Long-term debt	4.10%
Subordinated Debt
Amount
Subordinated notes	$ 39,123,000
Subordinated debentures	24,229,000		$ 24,229,000
Total borrowings	$ 39,100,000
Interest Rate
Long-term debt	5.25%	5.25%
Term Note
Amount
Term Note			$ 7,250,000
Interest Rate
Long-term debt			4.70%	4.70%
FHLB Advances Due March 21, 2028
Amount
FHLB Advances	$ 5,000,000		$ 5,000,000
Interest Rate
FHLB Advances	2.67%		2.67%
FHLB Advances Due January 5, 2023
Amount
FHLB Advances	$ 20,000,000
Interest Rate
FHLB Advances	4.18%
FHLB Advances Due January 9, 2023
Amount
FHLB Advances	$ 20,000,000
Interest Rate
FHLB Advances	4.15%
FHLB Advances Due March 8, 2023
Amount
FHLB Advances	$ 10,000,000
Interest Rate
FHLB Advances	4.65%
FHLB Advances Due January 17, 2023
Amount
FHLB Advances	$ 20,000,000
Interest Rate
FHLB Advances	4.15%
FHLB Advances Due January 20, 2023
Amount
FHLB Advances	$ 15,000,000
Interest Rate
FHLB Advances	4.23%
FHLB Advances Due December 22, 2027
Amount
FHLB Advances	$ 15,000,000
Interest Rate
FHLB Advances	4%
FHLB Advances January 30, 2023
Amount
FHLB Advances	$ 20,000,000
Interest Rate
FHLB Advances	4.23%
FHLB Advances Due February 3, 2023
Amount
FHLB Advances			$ 3,000,000
Interest Rate
FHLB Advances			3.51%
FHLB Advances Due August 15, 2025
Amount
FHLB Advances			$ 4,500,000
Interest Rate
FHLB Advances			2.62%
FHLB Advances Due July 30, 2029
Amount
FHLB Advances			$ 10,000,000
Interest Rate
FHLB Advances			1.01%
FHLB Advances Due July 11, 2029
Amount
FHLB Advances			$ 10,000,000
Interest Rate
FHLB Advances			1.03%
FHLB Advances Due November 9, 2029
Amount
FHLB Advances			$ 20,000,000
Interest Rate
FHLB Advances			1.07%

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details)	May 20, 2022 USD ($)	May 01, 2019 USD ($) arrangement	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Lendable collateral value of loans pledged			$ 150,000,000	$ 130,300,000
Remaining credit availability			574,900,000	574,700,000
Available federal funds lines of credit			64,500,000	64,500,000
Federal funds lines of credit outstanding			0	0
Number of borrowing arrangements \| arrangement		2
Total borrowings			203,352,000	88,448,000
Revolving Credit Facility
Debt Instrument [Line Items]
Federal funds lines of credit outstanding				$ 5,313,000
Long-term debt				2.85%
Term note outstanding balance				$ 5,300,000
Revolving Credit Facility \| Prime Rate
Debt Instrument [Line Items]
Subordinated debentures		0.40%
Term Note
Debt Instrument [Line Items]
Amount		$ 10,000,000	$ 0
Long-term debt		4.70%		4.70%
Term note outstanding balance				$ 7,250,000
Subordinated Debt
Debt Instrument [Line Items]
Amount	$ 40,000,000
Long-term debt	5.25%		5.25%
Total borrowings			$ 39,100,000
Subordinated Debt \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Subordinated debentures	2.65%
Subordinated Debt, Fixed Rate
Debt Instrument [Line Items]
Debt instrument term	5 years
Subordinated Debt, Variable Rate
Debt Instrument [Line Items]
Debt instrument term	5 years
Federal Reserve Bank Advances
Debt Instrument [Line Items]
Available borrowing capacity under FRB			$ 15,000,000

BORROWINGS - Subordinated Deben

BORROWINGS - Subordinated Debentures (Details) - Trust Preferred Securities Subject to Mandatory Redemption $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Colony Bankcorp Statutory Trust III
Debt Instrument [Line Items]
Amount	$ 4,640
Colony Bankcorp Statutory Trust III \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	2.68%
Colony Bankcorp Capital Trust I
Debt Instrument [Line Items]
Amount	$ 5,155
Colony Bankcorp Capital Trust I \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Colony Bankcorp Capital Trust II
Debt Instrument [Line Items]
Amount	$ 9,279
Colony Bankcorp Capital Trust II \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1.65%
Colony Bankcorp Capital Trust III
Debt Instrument [Line Items]
Amount	$ 5,155
Colony Bankcorp Capital Trust III \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1.40%

LEASES - Balance Sheet Classifi

LEASES - Balance Sheet Classification of Operating Lease Right-of-use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other	Other
Operating lease right-of-use assets	$ 1,834	$ 645
Liabilities
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Operating lease liabilities	$ 1,895	$ 663

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Thousands	12 Months Ended
LEASES - Narrative (Details) $ in Thousands	Dec. 31, 2022 USD ($) renewal	Dec. 31, 2021 USD ($)
Leases [Abstract]
Number of renewal options, or more \| renewal	1
Operating lease cost \| $	$ 615	$ 351
Weighted average remaining lease term	4 years 7 months 28 days
Weighted average discount rate	4.09%

LEASES - Future Maturities of O

LEASES - Future Maturities of Operating Lease Liabilities and Other Lease Information (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 460
2024	412
2025	383
2026	279
2027	289
Thereafter	72
Total Lease Payments	$ 1,895

LEASES - Supplemental Lease Inf

LEASES - Supplemental Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating cash flows from operating leases (cash payments)	$ 549	$ 335
Operating lease right-of-use assets obtained in exchange for leases entered into during the period	$ 1,750	$ 742

COMPENSATION PLANS - Narrative

COMPENSATION PLANS - Narrative (Details)	12 Months Ended
COMPENSATION PLANS - Narrative (Details)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee fully vested period	6 years
Total employer contributions	$ 1,900,000	$ 1,400,000
Minimum age requirement for deferred compensation	65
Liabilities accrued under plan	$ 1,100,000	1,200,000
Liabilities accrued monthly	39,000	43,000
Benefit payments made under contracts	151,000	136,000
Fee income recognized with plans	$ 0	0
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock, vesting period	3 years
Total compensation expense recognized	$ 1,700,000	$ 599,000
Unearned compensation cost	$ 3,100,000
Period for recognition of compensation costs	1 year 10 months 24 days

COMPENSATION PLANS - Schedule o

COMPENSATION PLANS - Schedule of Restricted Stock Awards (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Quantity
Beginning balance, outstanding (in shares)	187,300	1,884
Granted (in shares)	139,720	187,600
Vested (in shares)	(71,154)	(1,884)
Forfeited (in shares)	(9,000)	(300)
Ending balance, outstanding (in shares)	246,866	187,300
Weighted-Average Grant Date Fair Value
Beginning balance, outstanding (in dollars per share)	$ 17.93	$ 17.73
Granted (in dollars per share)	16.11	17.93
Vested (in dollars per share)	17.93	17.73
Forfeited (in dollars per share)	17.36	17.93
Ending balance, outstanding (in dollars per share)	$ 16.92	$ 17.93

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Commitments [Line Items]
Standby letters of credit	$ 3,333	$ 4,869
Loan Origination Commitments
Other Commitments [Line Items]
Commitments to extend credit	$ 379,997	$ 318,853

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Narrative (Details)	12 Months Ended
COMMITMENTS AND CONTINGENCIES - Narrative (Details)	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Expiration period of letter of credit issued	1 year

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, Beginning	$ 7,732	$ 5,043
New loans	1,182	6,576
Repayments	(5,471)	(5,721)
Transactions due to changes in directors	0	1,834
Balance, Ending	$ 3,443	$ 7,732

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Investment securities available for sale, at fair value	$ 432,553	$ 938,164
Carrying Amount
Assets
Cash and short-term investments	80,678	197,232
Investment securities available for sale, at fair value	432,553	938,164
Investment securities held to maturity	465,858
Other investments	13,793	14,012
Loans held for sale	17,743	38,150
Loans, net	1,720,978	1,325,067
Liabilities
Deposits	2,490,997	2,374,608
Federal Home Loan Bank advances	125,000	51,656
Carrying Amount \| Other borrowed money
Liabilities
Other borrowed money	78,352	36,792
Estimated Fair Value
Assets
Cash and short-term investments	80,678	197,232
Investment securities available for sale, at fair value	432,553	938,164
Investment securities held to maturity	411,264
Other investments	13,793	14,012
Loans held for sale	17,743	38,150
Loans, net	1,469,707	1,328,853
Liabilities
Deposits	2,489,481	2,375,385
Federal Home Loan Bank advances	125,163	51,162
Estimated Fair Value \| Other borrowed money
Liabilities
Other borrowed money	69,930	36,796
Estimated Fair Value \| Level 1
Assets
Cash and short-term investments	80,678	197,232
Investment securities available for sale, at fair value	0	87,551
Investment securities held to maturity	0
Other investments	0	5,574
Loans held for sale	0	0
Loans, net	0	0
Liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Estimated Fair Value \| Level 1 \| Other borrowed money
Liabilities
Other borrowed money	0	0
Estimated Fair Value \| Level 2
Assets
Cash and short-term investments	0	0
Investment securities available for sale, at fair value	416,957	850,613
Investment securities held to maturity	411,264
Other investments	13,003	4,183
Loans held for sale	17,743	38,150
Loans, net	0	0
Liabilities
Deposits	2,489,481	2,375,385
Federal Home Loan Bank advances	125,163	51,162
Estimated Fair Value \| Level 2 \| Other borrowed money
Liabilities
Other borrowed money	69,930	36,796
Estimated Fair Value \| Level 3
Assets
Cash and short-term investments	0	0
Investment securities available for sale, at fair value	15,596	0
Investment securities held to maturity	0
Other investments	790	4,255
Loans held for sale	0	0
Loans, net	1,469,707	1,328,853
Liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Estimated Fair Value \| Level 3 \| Other borrowed money
Liabilities
Other borrowed money	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair value input, discounted amount	10%
Amount in transfers between levels	$ 15,600,000	$ 0

FAIR VALUE OF FINANCIAL INSTR_5

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	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate	$ 651	$ 281	$ 1,006
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	521	1,837
Other real estate	651	281
Fair Value, Nonrecurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Other real estate	0	0
Fair Value, Nonrecurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Other real estate	0	0
Fair Value, Nonrecurring \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	521	1,837
Other real estate	$ 651	$ 281

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Quantitative Information for Financial Instruments Measured at Fair Value (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	$ 651	$ 281	$ 1,006
Investment securities available for sale, at fair value	432,553	938,164
Fair Value, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	521	1,837
Other real estate owned	651	281
Level 3 \| Fair Value, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans	521	1,837
Other real estate owned	651	$ 281
Investment securities available for sale, at fair value	15,596
Other investments	$ 790
Level 3 \| Fair Value, Nonrecurring \| Minimum \| Measurement Input, Appraised Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, weighted average measurement input	0.25	0.25
Other real estate, weighted average measurement input	0	0
Level 3 \| Fair Value, Nonrecurring \| Maximum \| Measurement Input, Appraised Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, weighted average measurement input	0.50	1
Other real estate, weighted average measurement input	0.20	0.20

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Fair Value Measurement Using Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Recurring Basis Unobservable Input Reconciliation Asset Gain Loss Statement Of Income, Extensible List, Not Disclosed Flag	Total unrealized/realized gains included in earnings	Total unrealized/realized gains included in earnings
Other Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 4,255	$ 0
Additions	0	4,107
Redemptions	(3,306)	0
Total unrealized/realized gains included in earnings	(159)	148
Transfer to Level 3	0	0
Ending balance	790	4,255
Available for sale securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		$ 0
Additions	0
Redemptions	0
Total unrealized/realized gains included in earnings	0
Transfer to Level 3	(15,596)
Ending balance	$ 15,596

REGULATORY CAPITAL MARKETS (Det

REGULATORY CAPITAL MARKETS (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Total Capital to Risk-Weighted Assets
Actual Amount	$ 318,250	$ 207,366
Actual Ratio	0.1511	0.1205
For Capital Adequacy Purposes, Amount	$ 168,498	$ 137,670
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
Tier I Capital to Risk-Weighted Assets
Actual Amount	$ 262,999	$ 194,456
Actual Ratio	0.1249	0.1128
For Capital Adequacy Purposes, Amount	$ 126,341	$ 103,434
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
Common Equity Tier 1 Capital to Risk-Weighted Assets
Actual Amount	$ 238,770	$ 170,956
Actual Ratio	0.1134	0.0987
For Capital Adequacy Purposes, Amount	$ 94,750	$ 77,943
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Tier I Capital to Average Assets
Actual Amount	$ 262,999	$ 194,456
Actual Ratio	0.0917	0.0725
For Capital Adequacy Purposes, Amount	$ 114,721	$ 107,286
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
Colony Bank
Total Capital to Risk-Weighted Assets
Actual Amount	$ 272,812	$ 203,265
Actual Ratio	0.1299	0.1218
For Capital Adequacy Purposes, Amount	$ 168,014	$ 133,507
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 210,017	$ 166,884
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.1000
Tier I Capital to Risk-Weighted Assets
Actual Amount	$ 256,684	$ 190,355
Actual Ratio	0.1222	0.1141
For Capital Adequacy Purposes, Amount	$ 126,031	$ 100,099
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 168,042	$ 133,465
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0800	0.0800
Common Equity Tier 1 Capital to Risk-Weighted Assets
Actual Amount	$ 256,684	$ 190,355
Actual Ratio	0.1222	0.1141
For Capital Adequacy Purposes, Amount	$ 94,524	$ 75,074
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 136,534	$ 108,441
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier I Capital to Average Assets
Actual Amount	$ 256,684	$ 190,355
Actual Ratio	0.0897	0.0753
For Capital Adequacy Purposes, Amount	$ 114,463	$ 101,118
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 143,079	$ 126,398
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500	0.0500

FINANCIAL INFORMATION OF COLO_3

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) - Balance Sheets, Parent Company (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets
Other	$ 24,420	$ 16,678
Total assets	2,936,570	2,691,715
Liabilities
Other	11,953	10,952
Total liabilities	2,706,302	2,474,008
Stockholders’ equity
Common stock, par value $1.00; 50,000,000 shares authorized, 17,598,123 and 13,673,898 shares issued and outstanding as of December 31, 2022 and 2021, respectively	17,598	13,674
Paid-in capital	167,537	111,021
Retained earnings	111,573	99,189
Accumulated other comprehensive loss, net of tax	(66,440)	(6,177)
Total stockholders’ equity	230,268	217,707	$ 144,488
Total liabilities and stockholders’ equity	$ 2,936,570	$ 2,691,715
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Parent Company
Assets
Cash	$ 40,361	$ 7,304
Investment in subsidiaries	249,868	245,614
Other	5,115	1,689
Total assets	295,344	254,607
Liabilities
Other	1,724	108
Other borrowed money	0	12,563
Subordinated notes	39,123	0
Subordinated debentures	24,229	24,229
Total liabilities	65,076	36,900
Stockholders’ equity
Common stock, par value $1.00; 50,000,000 shares authorized, 17,598,123 and 13,673,898 shares issued and outstanding as of December 31, 2022 and 2021, respectively	17,598	13,674
Paid-in capital	167,537	111,021
Retained earnings	111,573	99,189
Accumulated other comprehensive loss, net of tax	(66,440)	(6,177)
Total stockholders’ equity	230,268	217,707
Total liabilities and stockholders’ equity	$ 295,344	$ 254,607
Common stock, shares authorized (in shares)	50,000,000	50,000,000

FINANCIAL INFORMATION OF COLO_4

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) - Balance Sheets, Parent Company - Shares Information (Details) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Condensed Balance Sheet Statements, Captions [Line Items]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	17,598,123	13,673,898
Common stock, shares outstanding (in shares)	17,598,123	13,673,898
Parent Company
Condensed Balance Sheet Statements, Captions [Line Items]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	17,598,123	13,673,898
Common stock, shares outstanding (in shares)	17,598,123	13,673,898

FINANCIAL INFORMATION OF COLO_5

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) - Statements of Operations, Parent Company (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest income
Total interest income	$ 91,490	$ 70,586
Expenses
Salaries and employee benefits	52,809	45,596
Income tax benefit	3,310	4,495
Net income	19,542	18,659
Parent Company
Interest income
Dividends from subsidiaries	10,295	31,060
Total interest income	10,317	31,075
Expenses
Interest	2,299	1,012
Salaries and employee benefits	457	371
Other	450	604
Total expenses	3,206	1,987
Income before income taxes	7,111	29,088
Income tax benefit	(914)	(731)
Income before equity in undistributed earnings (distributions in excess of earnings) of subsidiaries	8,025	29,819
Equity in undistributed earnings(distributions in excess of earnings) of subsidiaries	11,517	(11,160)
Net income	19,542	18,659
Parent Company \| Financial Service, Other
Interest income
Other	$ 22	$ 15

FINANCIAL INFORMATION OF COLO_6

FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) - Statements of Cash Flows, Parent Company (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 19,542	$ 18,659
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	1,743	599
Net cash provided by operating activities	49,741	36,104
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash and cash equivalents paid in insurance acquisitions	0	(4,210)
Net cash used in investing activities	(448,228)	(208,332)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash paid for tax withholding related to vesting of restricted stock	(231)	0
Repurchase of shares	(540)	0
Dividends paid on common stock	(7,158)	(4,463)
Net cash provided by financing activities	281,933	185,954
Net increase (decrease) in cash and cash equivalents	(116,554)	13,726
Cash and cash equivalents at beginning of period	197,232	183,506
Cash and cash equivalents at end of period	80,678	197,232
Parent Company
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	19,542	18,659
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	1,743	599
Distribution in excess of earnings (equity in undistributed earnings) of subsidiaries	(11,517)	11,160
Change in deferred taxes	(2,125)	0
Change in interest payable	45	1
Other	270	(1,146)
Net cash provided by operating activities	7,958	29,273
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash and cash equivalents paid in insurance acquisitions	0	(19,178)
Capital injection into Bank subsidiary	(53,000)	0
Net cash used in investing activities	(53,000)	(19,178)
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in other borrowed money	26,560	(1,000)
Issuance of common stock	59,468	0
Cash paid for tax withholding related to vesting of restricted stock	(231)	0
Repurchase of shares	(540)	0
Dividends paid on common stock	(7,158)	(4,463)
Net cash provided by financing activities	78,099	(5,463)
Net increase (decrease) in cash and cash equivalents	33,057	4,632
Cash and cash equivalents at beginning of period	7,304	2,672
Cash and cash equivalents at end of period	$ 40,361	$ 7,304

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Numerator
Net income available to common stockholders	$ 19,542	$ 18,659
Denominator
Weighted average number of common shares outstanding for basic earnings per common share (in shares)	17,191,079	11,254,130
Weighted average number of common shares outstanding for diluted earnings per common share (in shares)	17,191,079	11,254,130
Earnings per share - basic (in dollars per share)	$ 1.14	$ 1.66
Earnings per share - diluted (in dollars per share)	$ 1.14	$ 1.66

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Thousands	12 Months Ended
SEGMENT INFORMATION (Details) $ in Thousands	Dec. 31, 2022 USD ($) employee	Dec. 31, 2021 USD ($) employee
Segment Reporting Information [Line Items]
Net Interest Income	$ 80,625	$ 66,189
Provision for loan losses	3,370	700
Noninterest Income	35,072	36,290
Noninterest Expenses	89,475	78,625
Income taxes	3,310	4,495
Net income/(loss)	19,542	18,659
Total Assets	$ 2,936,570	$ 2,691,715
Full Time Employees \| employee	522	481
Bank
Segment Reporting Information [Line Items]
Net Interest Income	$ 79,193	$ 64,293
Provision for loan losses	3,370	700
Noninterest Income	18,082	14,889
Noninterest Expenses	72,781	61,202
Income taxes	3,010	3,311
Net income/(loss)	18,114	13,969
Total Assets	$ 2,857,893	$ 2,620,501
Full Time Employees \| employee	427	400
Mortgage
Segment Reporting Information [Line Items]
Net Interest Income	$ 102	$ 543
Provision for loan losses	0	0
Noninterest Income	9,630	13,189
Noninterest Expenses	9,735	11,314
Income taxes	98	458
Net income/(loss)	(101)	1,960
Total Assets	$ 18,221	$ 25,149
Full Time Employees \| employee	65	55
Small Business Specialty Lending Division
Segment Reporting Information [Line Items]
Net Interest Income	$ 1,330	$ 1,353
Provision for loan losses	0	0
Noninterest Income	7,360	8,212
Noninterest Expenses	6,959	6,109
Income taxes	202	726
Net income/(loss)	1,529	2,730
Total Assets	$ 60,456	$ 46,065
Full Time Employees \| employee	30	26