Colony Bankcorp (CBAN) 10-Q9 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2024	May 08, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,558,611
Entity Central Index Key	0000711669
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 22,914	$ 25,339
Federal funds sold and interest-bearing deposits in banks	71,755	57,983
Cash and cash equivalents	94,669	83,322
Investment securities available for sale, at fair value (amortized cost $431,138 and $455,294, respectively)	382,953	407,382
Investment securities held to maturity, at amortized cost (fair value $398,852 and $405,576, respectively)	447,157	449,031
Other investments	16,034	16,868
Loans held for sale	31,102	27,958
Loans, net of unearned income	1,859,018	1,883,470
Allowance for credit losses	(18,657)	(18,371)
Loans, net	1,840,361	1,865,099
Premises and equipment	39,381	39,870
Other real estate owned	562	448
Goodwill	48,923	48,923
Other intangible assets	3,855	4,192
Bank-owned life insurance	56,765	56,925
Deferred income taxes, net	24,587	25,405
Other assets	29,160	27,999
Total assets	3,015,509	3,053,422
Deposits
Noninterest-bearing	476,413	498,992
Interest-bearing	2,046,335	2,045,798
Total deposits	2,522,748	2,544,790
Federal Home Loan Bank advances	155,000	175,000
Other borrowings	62,969	63,445
Other liabilities	14,878	15,252
Total liabilities	2,755,595	2,798,487
Stockholders' equity:
Preferred stock, stated value $1,000; 10,000,000 shares authorized, none issued or outstanding as of March 31, 2024 and December 31, 2023, respectively	0	0
Common stock, par value $1.00 per share; 50,000,000 shares authorized, 17,558,611 and 17,564,182 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	17,559	17,564
Paid in capital	168,951	168,614
Retained earnings	127,758	124,400
Accumulated other comprehensive loss, net of tax	(54,354)	(55,643)
Total stockholders' equity	259,914	254,935
Total liabilities and stockholders' equity	$ 3,015,509	$ 3,053,422

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Amortized cost	$ 431,138	$ 455,294
Fair Value	$ 398,852	$ 405,576
Stockholders' equity:
Preferred stock, par 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)	17,558,611	17,564,182
Common stock, shares outstanding (in shares)	17,558,611	17,564,182

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest income
Loans, including fees	$ 27,097	$ 22,153
Investment securities	5,520	5,860
Deposits with other banks and short term investments	693	357
Total interest income	33,310	28,370
Interest expense
Deposits	12,091	4,999
Federal funds purchased	0	88
Federal Home Loan Bank advances	1,572	1,626
Other borrowings	993	1,089
Total interest expense	14,656	7,802
Net interest income	18,654	20,568
Provision for credit losses	1,000	900
Net interest income after provision for credit losses	17,654	19,668
Noninterest income
Gain on sales of SBA loans	2,046	1,057
Loss on sales of securities	(555)	0
BOLI Income	533	331
Insurance commissions	465	460
Other	1,348	646
Total noninterest income	9,487	7,659
Noninterest expense
Salaries and employee benefits	12,018	12,609
Occupancy and equipment	1,507	1,622
Information technology expenses	2,110	2,341
Professional fees	834	715
Advertising and public relations	960	993
Communications	226	294
Other	2,742	2,591
Total noninterest expense	20,397	21,165
Income before income taxes	6,744	6,162
Income taxes	1,411	1,119
Net income	$ 5,333	$ 5,043
Earnings per common share:
Basic (in dollars per share)	$ 0.30	$ 0.29
Diluted (in dollars per share)	0.30	0.29
Dividends declared per share (in dollars per share)	$ 0.1125	$ 0.1100
Weighted average common shares outstanding:
Basic (in shares)	17,560,210	17,595,688
Diluted (in shares)	17,560,210	17,595,688
Service charges on deposits
Noninterest income
Noninterest income	$ 2,373	$ 1,914
Mortgage fee income
Noninterest income
Noninterest income	1,249	1,183
Interchange fees
Noninterest income
Noninterest income	$ 2,028	$ 2,068

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 5,333	$ 5,043
Other comprehensive income:
Net unrealized gains (losses) on securities arising during the period	(1,198)	1,520
Tax effect	255	(319)
Reclassification adjustment for amortization of unrealized holding losses from the transfer of securities from available for sale to held to maturity	1,523	6,348
Tax effect	(324)	(1,333)
Realized losses on sales of available for sale securities included in net income	555	0
Tax effect	(118)	0
Unrealized gains on derivative instruments designated as cash flow hedges	930	0
Tax effect	(198)	0
Realized gains on derivative instruments recognized in net income	(173)	0
Tax effect	37	0
Total other comprehensive income	1,289	6,216
Comprehensive income	$ 6,622	$ 11,259

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Revision of Prior Period, Accounting Standards Update, Adjustment	[1]	Common Stock	Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period (in shares) at Dec. 31, 2022				17,598,123
Balance at beginning of period at Dec. 31, 2022	$ 230,268	$ (1,198)		$ 17,598	$ 167,537	$ 111,573	$ (66,440)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive loss	6,216						6,216
Dividends on common shares	(1,933)					(1,933)
Issuance of restricted stock, net of forfeitures (in shares)				1,546
Issuance of restricted stock, net of forfeitures	0			$ 2	(2)
Tax withholding related to vesting of restricted stock (in shares)				(5,790)
Tax withholding related to vesting of restricted stock	(73)			$ (6)	(67)
Stock-based compensation expense	454				454
Net income	5,043					5,043
Balance at end of period (in shares) at Mar. 31, 2023				17,593,879
Balance at end of period at Mar. 31, 2023	$ 238,777			$ 17,594	167,922	113,485	(60,224)
Balance at beginning of period (in shares) at Dec. 31, 2023	17,564,182			17,564,182
Balance at beginning of period at Dec. 31, 2023	$ 254,935			$ 17,564	168,614	124,400	(55,643)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive loss	1,289						1,289
Dividends on common shares	(1,975)					(1,975)
Issuance of restricted stock, net of forfeitures (in shares)				(594)
Issuance of restricted stock, net of forfeitures	0
Tax withholding related to vesting of restricted stock (in shares)				(4,977)
Tax withholding related to vesting of restricted stock	(66)			$ (5)	(61)
Stock-based compensation expense	398				398
Net income	$ 5,333					5,333
Balance at end of period (in shares) at Mar. 31, 2024	17,558,611			17,558,611
Balance at end of period at Mar. 31, 2024	$ 259,914			$ 17,559	$ 168,951	$ 127,758	$ (54,354)

[1] (1) Represents the impact of the adoption of Accounting Standards Update ("ASU") No. 2016-13: CECL

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared per share (in dollars per share)	$ 0.1125	$ 0.1100

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Activities
Net income	$ 5,333	$ 5,043
Adjustments reconciling net income to net cash provided by operating activities:
Provision for credit losses	1,000	900
Depreciation, amortization, and accretion	2,002	2,233
Equity method investment loss	(35)	(88)
Share-based compensation expense	398	454
Net change in servicing asset	(240)	(219)
Loss on sales of securities, available-for-sale	555	0
Gain on sales of SBA loans	(2,046)	(1,057)
Gain on sales of other real estate owned	(131)	0
Gain on sales of premises & equipment	0	18
Originations of loans held for sale	(61,649)	(43,910)
Proceeds from sales of loans held for sale	60,551	49,087
Change in bank-owned life insurance	(540)	(344)
Deferred tax benefit	377	228
Change in other assets	(122)	(1,004)
Change in other liabilities	(424)	45
Net cash provided by operating activities	5,029	11,386
Investing Activities
Purchases of investment securities, available-for-sale	(2,275)	(3,518)
Proceeds from maturities, calls, and paydowns of investment securities, available-for-sale	16,834	7,924
Proceeds from sales of investment securities, available-for-sale	8,555	0
Proceeds from maturities, calls and paydowns of securities, held-to-maturity	2,509	2,575
Change in loans, net	23,343	(63,194)
Purchase of premises and equipment	(101)	(893)
Proceeds from sales of other real estate owned	467	0
Proceeds from bank-owned life insurance	700	0
Redemption of other investments	0	702
Redemption (purchase) of Federal Home Loan Bank Stock	869	(1,820)
Net cash provided by (used in) investing activities	50,901	(58,224)
Financing Activities
Change in noninterest-bearing customer deposits	(22,579)	(31,242)
Change in interest-bearing customer deposits	537	56,374
Dividends paid for common stock	(1,975)	(1,933)
Repayments on Federal Home Loan Bank Advances	(70,000)	(280,000)
Proceeds from Federal Home Loan Bank Advances	50,000	320,000
Repayments on other borrowings	0	(15,000)
Redemption of subordinated debt	(500)	0
Tax withholding related to vesting of restricted stock	(66)	(73)
Net cash provided by (used in) financing activities	(44,583)	48,126
Net increase in cash and cash equivalents	11,347	1,288
Cash and cash equivalents at beginning of period	83,322	80,678
Cash and cash equivalents at end of period	94,669	81,966
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	14,604	6,734
Cash paid during the period for income taxes	$ 2	$ 3

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Presentation Colony Bankcorp, Inc. (the “Company”) is a bank holding company located in Fitzgerald, Georgia. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Colony Bank, Fitzgerald, Georgia (the “Bank”). The “Company” or “our,” as used herein, includes Colony Bank, except where the context requires otherwise. All adjustments consisting of normal recurring accruals which are, in the opinion of management, necessary for fair presentation of the interim consolidated financial statements, have been included and fairly and accurately present the financial position, results of operations and cash flows of the Company. All significant intercompany accounts have been eliminated in consolidation. The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles ("GAAP") utilized in the commercial banking industry for interim financial information and Regulation S-X. Accordingly, the accompanying unaudited interim consolidated financial statements do not include all of the information or notes required for complete financial statements. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the results which may be expected for the year ending December 31, 2024. These statements should be read in conjunction with the consolidated financial statements and notes thereto in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (“2023 Form 10-K”). Nature of Operations The Bank provides a full range of retail, commercial and mortgage banking services as well as government guaranteed lending, consumer insurance, wealth management and merchant services for consumers and small- to medium-size businesses located primarily in north, central, south and coastal Georgia, Birmingham, Alabama and Tallahassee and the Florida Panhandle. The Bank is headquartered in Fitzgerald, Georgia with locations in the Georgia cities of Albany, Ashburn, Athens, Atlanta, Augusta, Broxton, Cedartown, Centerville, Chickamauga, Columbus, Cordele, Douglas, Eastman, Fayetteville, Fitzgerald, LaGrange, Leesburg, Macon, Manchester, Moultrie, Quitman, Rochelle, Rockmart, Savannah, Statesboro, Sylvester, Thomaston, Tifton, Valdosta and Warner Robins along with loan production offices in Birmingham, Alabama and Tallahassee, Florida. Lending and investing activities are funded primarily by deposits gathered through its retail banking office network. Use of Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date and revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and fair value of assets acquired and liabilities assumed in a business combination, including goodwill impairment. Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to statement presentations selected for 2024. Such reclassifications have not materially affected previously reported stockholders’ equity or net income. Concentrations of Credit Risk Concentrations of credit risk can exist in relation to individual borrowers or groups of borrowers, certain types of collateral, certain types of industries, or certain geographic regions. The Company has a concentration in real estate loans as well as a geographic concentration that could pose an adverse credit risk. At March 31, 2024, approximately 84% of the Company’s loan portfolio was concentrated in loans secured by real estate. A substantial portion of borrowers’ ability to honor their contractual obligations is dependent upon the viability of the real estate economic sector. Management continues to monitor these concentrations and has considered these concentrations in its allowance for credit loss analysis. The success of the Company is dependent, to a certain extent, upon the economic conditions in the geographic markets it serves. Adverse changes in the economic conditions in these geographic markets would likely have a material adverse effect on the Company’s results of operations and financial condition. The operating results of the Company depend primarily on its net interest income. Accordingly, operations are subject to risks and uncertainties surrounding the exposure to changes in the interest rate environment. At times, the Company may have cash and cash equivalents at financial institutions in excess of federal deposit insurance limits. The Company places its cash and cash equivalents with high credit quality financial institutions whose credit ratings are monitored by management to minimize credit risk. Allowance for Credit Losses ("ACL") – Loans The current expected credit loss (“CECL”) approach requires an estimate of the credit losses expected over the life of an exposure (or pool of exposures). It replaced the incurred loss approach’s threshold that delayed the recognition of a credit loss until it was probable a loss event was incurred. The estimate of expected credit losses is based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. Historical loss experience is generally the starting point for estimating expected credit losses. The Company then considers whether the historical loss experience should be adjusted for asset-specific risk characteristics or current conditions at the reporting date that did not exist over the historical period used. The Company also considers future economic conditions and portfolio performance as part of a reasonable and supportable forecast period. The ACL is a valuation account that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the ACL when management believes the uncollectibility of a loan balance is confirmed. Accrued interest receivable is excluded from the estimate of credit losses. Management determines the ACL balance using relevant available information from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit behaviors along with model judgments provide the basis for the estimation of expected credit losses. Adjustments to modeled loss estimates may be made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environmental conditions, such as changes in economic conditions, property values, or other relevant factors. For the majority of loans and leases the ACL is calculated using a discounted cash flow methodology applied at a loan level with a one-year reasonable and supportable forecast period and a two-year straight-line reversion period. The ACL-loans are measured on a collective basis when similar risk characteristics exist. The Company has identified the following portfolio segments and calculates the ACL for each using a discounted cash flow methodology at the loan level, with loss rates, prepayment assumptions and curtailment assumptions driven by each loan’s collateral type: • Construction, land & land development - Risks common to construction, land & development loans are cost overruns, changes in market demand for property, inadequate long-term financing arrangements and declines in real estate values. • Other commercial real estate - Loans in this category are susceptible to business failures and declines in general economic conditions, including declines in real estate value, declines in occupancy rates, and lack of suitable alternative use for the property. • Residential real estate - Residential real estate loans are susceptible to weakening general economic conditions, increases in unemployment rates and declining real estate values. • Commercial, financial & agricultural - Risks to this loan category include the inability to monitor the condition of the collateral, which often consists of inventory, accounts receivable and other non-real estate assets. Equipment and inventory obsolescence can also pose a risk. Declines in general economic conditions and other events can cause cash flows to fall to levels insufficient to service debt. • Consumer and other - Risks common to consumer direct loans include unemployment and changes in local economic conditions as well as the inability to monitor collateral consisting of personal property. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Allowance for Credit Losses – Off-Balance Sheet Credit Exposures 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. Management estimates expected credit losses on commitments to extend credit over the contractual period during which the Company is exposed to credit risk on the underlying commitments. The ACL on off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The ACL is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to fund. Allowance for Credit Losses – Held-to-Maturity Securities ("HTM") Management measures current expected credit losses on HTM debt securities on a collective basis by major security type. The estimate of current expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Management classifies the HTM portfolio into the following major security types: U.S. Treasury securities, U.S. agency securities, State, county & municipal securities, and Mortgage-backed securities. Accrued interest receivable on HTM debt is excluded from the estimate of credit losses. All of the residential and commercial mortgage-backed securities held by the Company as HTM are issued by U.S. government agencies and government sponsored entities. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The state and political subdivision securities are also highly rated by major rating agencies. Allowance for Credit Losses – Available-for-Sale Securities ("AFS") For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or whether it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any amount of unrealized loss that has not been recorded through an ACL is recognized in other comprehensive income. Accrued interest receivable on AFS debt securities is excluded from the estimate of credit losses. Changes in the ACL are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the ACL when management believes the uncollectibility of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Derivatives The Company records cash flow hedges at the inception of a derivative contract based on management’s intentions and belief as to the likely effectiveness of the hedge. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is recorded in other comprehensive income ("OCI") and is reclassified into earnings in the same period during which the hedged transaction affects earnings. The changes in the fair value of a derivative that is not highly effective in hedging the expected cash flows of the hedged item are recognized immediately as interest expense in the consolidated statements of income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income or noninterest expense. Cash flows from hedges are classified in the consolidated statements of cash flows in the same manner as the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged item. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in cash flows of the hedged item, the derivative is settled or terminated, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as interest expense. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in OCI are amortized into earnings over the same periods which the hedged transactions will affect earnings. Changes in Accounting Principles In March 2020, the Financial Accounting Standards Board ("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 November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures ("ASU 2023-07"). This ASU was issued to improve segment reporting disclosures. The amendments in this ASU improve financial reporting by requiring disclosure of incremental segment information including significant segment expenses regularly provided to the chief operating decision maker as well as the amount and composition of other segment items on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. Retrospective application is required in all prior periods unless impracticable to do so. The Company will adopt the new disclosure requirements for the annual period beginning on January 1, 2024 and interim periods beginning on January 1, 2025. The Company is currently evaluating the impact of the incremental segment information that will be required to be disclosed as well as the impact to the Segment Reporting footnote. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) Improvements to Income Tax Disclosures

Investment Securities

Investment Securities	3 Months Ended
Investment Securities	Mar. 31, 2024
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) March 31, 2024 Amortized Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 2,296 $ — $ (11) $ 2,285 U.S. agency securities 4,433 — (394) 4,039 Asset backed securities 21,526 14 (268) 21,272 State, county & municipal securities 123,045 — (15,986) 107,059 Corporate debt securities 53,343 — (6,535) 46,808 Mortgage-backed securities 226,495 158 (25,163) 201,490 Total $ 431,138 $ 172 $ (48,357) $ 382,953 March 31, 2024 Amortized Gross Gross Fair Value Securities Held to Maturity: U.S. treasury securities $ 93,728 $ — $ (3,995) $ 89,733 U.S. agency securities 16,250 — (1,502) 14,748 State, county & municipal securities 136,816 175 (14,727) 122,264 Mortgage-backed securities 200,363 — (28,256) 172,107 Total $ 447,157 $ 175 $ (48,480) $ 398,852 December 31, 2023 Amortized Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 500 $ — $ (2) $ 498 U.S. agency securities 4,500 — (361) 4,139 Asset backed securities 25,035 — (405) 24,630 State, county & municipal securities 124,524 6 (15,494) 109,036 Corporate debt securities 53,834 16 (6,460) 47,390 Mortgage-backed securities 246,901 36 (25,248) 221,689 Total $ 455,294 $ 58 $ (47,970) $ 407,382 December 31, 2023 Amortized Gross Gross Fair Value Securities Held to Maturity: U.S. treasury securities $ 93,306 $ — $ (3,212) $ 90,094 U.S. agency securities 16,282 — (1,424) 14,858 State, county & municipal securities 136,685 356 (13,859) 123,182 Mortgage-backed securities 202,758 — (25,316) 177,442 Total $ 449,031 $ 356 $ (43,811) $ 405,576 The Company elected to exclude accrued interest receivable from the amortized cost basis of available-for-sale and held-to-maturity securities disclosed throughout this note. As of March 31, 2024 and December 31, 2023, accrued interest receivable for available-for-sale and held-to-maturity securities totaled $2.1 million and $2.4 million, and $2.0 million and $1.9 million, respectively, and is included in the " Other assets The amortized cost and fair value of investment securities as of March 31, 2024, 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 $ 2,511 $ 2,500 $ 9,823 $ 9,679 Due after one year through five years 18,090 16,800 93,608 89,399 Due after five years through ten years 97,783 84,148 72,591 64,113 Due after ten years 86,259 78,015 70,772 63,554 $ 204,643 $ 181,463 $ 246,794 $ 226,745 Mortgage-backed securities 226,495 201,490 200,363 172,107 $ 431,138 $ 382,953 $ 447,157 $ 398,852 Proceeds from the sale of investment securities totaled $8.6 million for the three month period ended March 31, 2024 and resulted in gross realized losses of $555,000. The Company had no sales of investment securities for the three month period ended March 31, 2023. Investment securities having a carrying value of approximately $341.8 million and $429.9 million were pledged to secure public deposits and for other purposes as of March 31, 2024 and December 31, 2023, respectively. Information pertaining to available-for-sale securities with gross unrealized losses at March 31, 2024 and December 31, 2023 aggregated by investment category and length of time that individual securities have been in a continuous loss position is as follows: Less Than 12 Months 12 Months or Greater Total (dollars in thousands) Fair Gross Fair Gross Fair Gross March 31, 2024 U.S. treasury securities $ 2,285 $ (11) $ — $ — $ 2,285 $ (11) U.S. agency securities — — 4,039 (394) 4,039 (394) Asset backed securities 4,285 (16) 13,107 (252) 17,392 (268) State, county & municipal securities 1,570 (146) 105,239 (15,840) 106,809 (15,986) Corporate debt securities 260 (140) 46,548 (6,395) 46,808 (6,535) Mortgage-backed securities — — 193,006 (25,163) 193,006 (25,163) $ 8,400 $ (313) $ 361,939 $ (48,044) $ 370,339 $ (48,357) December 31, 2023 U.S. treasury securities $ — $ — $ 498 $ (2) $ 498 $ (2) U.S. agency securities — — 4,139 (361) 4,139 (361) Asset backed securities 6,196 (75) 17,424 (330) 23,620 (405) State, county & municipal securities 1,033 (138) 107,443 (15,356) 108,476 (15,494) Corporate debt securities 1,446 (105) 45,044 (6,355) 46,490 (6,460) Mortgage-backed securities 5,921 (49) 212,876 (25,199) 218,797 (25,248) $ 14,596 $ (367) $ 387,424 $ (47,603) $ 402,020 $ (47,970) Information pertaining to held-to-maturity securities with gross unrealized losses at March 31, 2024 and December 31, 2023 aggregated by investment category and length of time that individual securities have been in a continuous loss position is as follows: Less Than 12 Months 12 Months or Greater Total (dollars in thousands) Fair Gross Fair Gross Fair Gross March 31, 2024 U.S. treasury securities $ — $ — $ 89,733 $ (3,995) $ 89,733 $ (3,995) U.S. agency securities — — 14,748 (1,502) 14,748 (1,502) State, county & municipal securities 5,756 (41) 104,271 (14,686) 110,027 (14,727) Mortgage-backed securities — — 172,107 (28,256) 172,107 (28,256) $ 5,756 $ (41) $ 380,859 $ (48,439) $ 386,615 $ (48,480) December 31, 2023 U.S. treasury securities $ — $ — $ 90,094 $ (3,212) $ 90,094 $ (3,212) U.S. agency securities — — 14,858 (1,424) 14,858 (1,424) State, county & municipal securities 1,461 (78) 103,500 (13,781) 104,961 (13,859) Mortgage-backed securities — — 177,442 (25,316) 177,442 (25,316) $ 1,461 $ (78) $ 385,894 $ (43,733) $ 387,355 $ (43,811) Management evaluates available for sale securities in an unrealized loss position at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation to determine if credit-related impairment exists. Management first evaluates whether they intend to sell or more likely than not will be required to sell an impaired security before recovering its amortized cost basis. If either criteria is met, the entire amount of unrealized loss is recognized in earnings with a corresponding adjustment to the security's amortized cost basis. If either of the above criteria is not met, management evaluates whether the decline in fair value is attributable to credit or resulted from other factors. The Company does not intend to sell these investment securities in an unrealized loss position at March 31, 2024, and it is more likely than not that the Company will not be required to sell these securities prior to recovery or maturity. Based on management's review, the Company's available for sale securities have no expected credit losses and no related allowance for credit losses has been established. The Company uses a systematic methodology to determine its ACL for debt securities held to maturity considering the effects of past events, current conditions, and reasonable and supportable forecasts on the collectibility of the portfolio. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the held to maturity portfolio. The Company monitors the held to maturity portfolio on a quarterly basis to determine whether a valuation account would need to be recorded. Based on management's review, the Company's held to maturity securities have no expected credit losses and no related allowance for credit losses has been established. At March 31, 2024, there were 261 available-for-sale securities and 150 held-to-maturity securities that had unrealized losses. 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 due to reasons of credit quality. The Company adopted ASU 2016-13 Financial Instruments - Credit Losses (Topic 326), as amended on January 1, 2023 which included evaluation of expected credit losses on debt securities. As part of the Company's calculated credit losses, the allowance for credit losses on investment securities was determined to be de minimis due to the high credit quality of the portfolio, which includes securities issued or guaranteed by the U.S. Treasury, U.S. Government agencies and high quality municipalities. Therefore, no allowance for credit losses was recorded as of March 31, 2024. See Note 1 for additional details on the allowance for credit losses as it relates to the securities portfolio.

Loans

Loans	3 Months Ended
Loans	Mar. 31, 2024
Receivables [Abstract]
Loans	Loans The following table presents the composition of loans segregated by class of loans, as of March 31, 2024 and December 31, 2023. (dollars in thousands) March 31, 2024 December 31, 2023 Construction, land & land development $ 234,000 $ 247,146 Other commercial real estate 971,205 974,375 Total commercial real estate 1,205,205 1,221,521 Residential real estate 347,277 356,234 Commercial, financial & agricultural 239,837 242,756 Consumer and other 66,699 62,959 Total Loans $ 1,859,018 $ 1,883,470 Included in the above table are government guaranteed loans totaling $94.6 million at March 31, 2024 and $86.8 million at December 31, 2023. The following table presents the composition of government guaranteed loans segregated by class of loans for each respective period. (dollars in thousands) March 31, 2024 December 31, 2023 Construction, land & land development $ 6,658 $ 7,027 Other commercial real estate 48,396 40,852 Total commercial real estate 55,054 47,879 Residential real estate 9,272 12,170 Commercial, financial & agricultural 30,272 26,716 Consumer and other — — Total Loans $ 94,598 $ 86,765 The Company elected to exclude accrued interest receivable from the amortized cost basis of loans disclosed throughout this note. As of March 31, 2024 and December 31, 2023, accrued interest receivable for loans totaled $8.8 million and $8.8 million, respectively, and is included in the "Other assets" line item on the Company’s consolidated balance sheet. Commercial, financial & 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 and other loans are originated at the Bank level. 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 include “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 credit 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 segregated by class of loans and the risk category of term loans by vintage year, which is the year of origination or most recent renewal, as of March 31, 2024 and December 31, 2023. Those loans with a risk grade of 1, 2, 3, 4 and 5 have been combined in the pass column for presentation purposes. There were no loans with a risk rating of "doubtful" or "loss" at March 31, 2024 or December 31, 2023. Term Loans Amortized Cost Basis by Origination Year (dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolvers Revolvers converted to term loans Total March 31, 2024 Construction, land & land development Risk rating Pass $ 13,992 $ 97,191 $ 82,284 $ 28,121 $ 4,352 $ 6,398 $ 89 $ 31 $ 232,458 Special Mention — 640 — 24 — 25 280 — 969 Substandard — — 429 4 — 140 — — 573 Total Construction, land & land development 13,992 97,831 82,713 28,149 4,352 6,563 369 31 234,000 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial real estate Risk rating Pass 6,359 76,903 336,599 197,131 84,422 214,138 21,999 2,154 939,705 Special Mention 303 76 3,458 484 2,094 10,267 554 344 17,580 Substandard — 2,807 5,602 565 356 4,381 209 — 13,920 Total Other commercial real estate 6,662 79,786 345,659 198,180 86,872 228,786 22,762 2,498 971,205 Current period gross write offs — — — — — 20 — — 20 Residential real estate Risk rating Pass 6,967 73,145 113,983 49,805 20,828 47,464 21,938 98 334,228 Special Mention 16 850 517 43 92 5,310 326 — 7,154 Substandard — — 1,271 375 281 3,938 30 — 5,895 Total Residential real estate 6,983 73,995 115,771 50,223 21,201 56,712 22,294 98 347,277 Current period gross write offs — — 70 — — — — — 70 Commercial, financial & agricultural Risk rating Pass 18,071 55,857 46,732 17,713 11,469 17,594 63,259 534 231,229 Special Mention — 364 579 277 719 180 1,004 — 3,123 Substandard — 264 2,038 1,840 202 191 910 40 5,485 Total Commercial, financial & agricultural 18,071 56,485 49,349 19,830 12,390 17,965 65,173 574 239,837 Current period gross write offs — 52 428 178 — — — — 658 Consumer and other Risk rating Pass 21,880 36,278 3,392 1,706 987 1,619 460 11 66,333 Special Mention — 171 38 33 10 21 — — 273 Substandard 11 34 18 15 4 11 — — 93 Total Consumer and other 21,891 36,483 3,448 1,754 1,001 1,651 460 11 66,699 Current period gross write offs — 116 4 — — — — — 120 Total Loans Risk rating Pass 67,269 339,374 582,990 294,476 122,058 287,213 107,745 2,828 1,803,953 Special Mention 319 2,101 4,592 861 2,915 15,803 2,164 344 29,099 Substandard 11 3,105 9,358 2,799 843 8,661 1,149 40 25,966 Total Loans $ 67,599 $ 344,580 $ 596,940 $ 298,136 $ 125,816 $ 311,677 $ 111,058 $ 3,212 $ 1,859,018 Total current period gross write offs $ — $ 168 $ 502 $ 178 $ — $ 20 $ — $ — $ 868 Term Loans Amortized Cost Basis by Origination Year (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolvers Revolvers converted to term loans Total December 31, 2023 Construction, land & land development Risk rating Pass $ 112,587 $ 91,981 $ 27,332 $ 5,654 $ 1,000 $ 5,765 $ 605 $ 31 $ 244,955 Special Mention 792 — 25 — — 29 282 — 1,128 Substandard — 888 4 — 20 151 — — 1,063 Total Construction, land & land development 113,379 92,869 27,361 5,654 1,020 5,945 887 31 247,146 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial real estate Risk rating Pass 61,816 341,656 204,145 88,629 79,123 145,374 24,158 2,031 946,932 Special Mention 75 3,251 766 2,113 5,733 4,694 545 48 17,225 Substandard 2,303 2,615 211 — 486 4,395 208 — 10,218 Total Other commercial real estate 64,194 347,522 205,122 90,742 85,342 154,463 24,911 2,079 974,375 Current period gross write offs — — 69 — — — — — 69 Residential real estate Risk rating Pass 78,088 116,704 50,986 21,892 8,510 43,038 22,642 100 341,960 Special Mention 856 466 10 50 679 4,687 424 — 7,172 Substandard — 1,169 384 296 272 4,735 246 — 7,102 Total Residential real estate 78,944 118,339 51,380 22,238 9,461 52,460 23,312 100 356,234 Current period gross write offs 253 492 26 — — — — — 771 Commercial, financial & agricultural Risk rating Pass 66,820 51,439 21,673 12,489 4,734 14,002 58,607 306 230,070 Special Mention 4,186 894 376 745 188 40 974 — 7,403 Substandard 164 1,872 1,979 190 25 165 866 22 5,283 Total Commercial, financial & agricultural 71,170 54,205 24,028 13,424 4,947 14,207 60,447 328 242,756 Current period gross write offs 150 168 408 200 9 134 — — 1,069 Consumer and other Risk rating Pass 53,117 4,021 2,004 1,240 925 908 462 1 62,678 Special Mention 79 42 38 12 25 1 — — 197 Substandard 43 20 3 5 4 9 — — 84 Total Consumer and other 53,239 4,083 2,045 1,257 954 918 462 1 62,959 Current period gross write offs 9 12 10 2 — 2 — — 35 Total Loans Risk rating Pass 372,428 605,801 306,140 129,904 94,292 209,087 106,474 2,469 1,826,595 Special Mention 5,988 4,653 1,215 2,920 6,625 9,451 2,225 48 33,125 Substandard 2,510 6,564 2,581 491 807 9,455 1,320 22 23,750 Total Loans $ 380,926 $ 617,018 $ 309,936 $ 133,315 $ 101,724 $ 227,993 $ 110,019 $ 2,539 $ 1,883,470 Total current period gross write offs $ 412 $ 672 $ 513 $ 202 $ 9 $ 136 $ — $ — $ 1,944 A loan’s risk grade is assigned at loan origination and is based on the financial strength of the borrower and the type of collateral. Loan risk grades are subject to review at various times throughout the year as part of the Company’s ongoing loan review process. Loans with an assigned risk grade of seven or worse 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 credit loss determination. 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 guidelines. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. Collateral-Dependent Loans We classify a loan as collateral-dependent when our borrower is experiencing financial difficulty, and we expect repayment to be provided substantially through the operation or sale of collateral. Our commercial loans have collateral that is comprised of real estate and business assets. Our consumer loans have collateral that is substantially comprised of residential real estate. There were no significant changes in the extent to which collateral secures our collateral-dependent loans during the three month period ended March 31, 2024. The following table presents the aging of the amortized cost basis of loans by aging category and accrual status as of March 31, 2024 and December 31, 2023: (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans March 31, 2024 Construction, land & land development $ 71 $ — $ 71 $ 56 $ 233,873 $ 234,000 Other commercial real estate 2,641 — 2,641 2,005 966,559 971,205 Total commercial real estate 2,712 — 2,712 2,061 1,200,432 1,205,205 Residential real estate 2,310 — 2,310 2,148 342,819 347,277 Commercial, financial & agricultural 578 — 578 2,190 237,069 239,837 Consumer and other 129 — 129 32 66,538 66,699 Total Loans $ 5,729 $ — $ 5,729 $ 6,431 $ 1,846,858 $ 1,859,018 December 31, 2023 Construction, land & land development $ 812 $ — $ 812 $ 85 $ 246,249 $ 247,146 Other commercial real estate 1,796 — 1,796 4,219 968,360 974,375 Total commercial real estate 2,608 — 2,608 4,304 1,214,609 1,221,521 Residential real estate 2,503 350 2,853 3,561 349,820 356,234 Commercial, financial & agricultural 775 — 775 1,956 240,025 242,756 Consumer and other 183 20 203 18 62,738 62,959 Total Loans $ 6,069 $ 370 $ 6,439 $ 9,839 $ 1,867,192 $ 1,883,470 The following tables display a summary of the Company's nonaccrual loans by major categories for the periods indicated. March 31, 2024 (dollars in thousands) Nonaccrual Loans with No Related ACL Nonaccrual Loans with a Related ACL Total Nonaccrual Loans Construction, land & land development $ — $ 56 $ 56 Other commercial real estate 29 1,976 2,005 Total commercial real estate 29 2,032 2,061 Residential real estate — 2,148 2,148 Commercial, financial & agricultural — 2,190 2,190 Consumer and other — 32 32 Total Loans $ 29 $ 6,402 $ 6,431 December 31, 2023 (dollars in thousands) Nonaccrual Loans with No Related ACL Nonaccrual Loans with a Related ACL Total Nonaccrual Loans Construction, land & land development $ 27 $ 58 $ 85 Other commercial real estate 2,806 1,413 4,219 Total commercial real estate 2,833 1,471 4,304 Residential real estate 725 2,836 3,561 Commercial, financial & agricultural — 1,956 1,956 Consumer and other — 18 18 Total Loans $ 3,558 $ 6,281 $ 9,839 Interest income recorded on nonaccrual loans during the three months ended March 31, 2024 and March 31, 2023 was $55,000 and $154,000, respectively. The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. The Company uses a discounted cash flow model to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. Occasionally, the Company modifies loans by providing principal forgiveness on certain of its real estate loans. When principal forgiveness is provided, the amortized cost basis of the asset is written off against the allowance for credit losses. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. In some cases, the Company will modify a certain loan by providing multiple types of concessions. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. Upon the Company's determination that a modified loan, or portion of a loan, has subsequently been deemed uncollectible, the loan, or portion of the loan, is written off. The following table presents loans modified due to a financial difficulty under the above terms during the three months ended March 31, 2024. Loans modified due to financial difficulty (dollars in thousands) Term Extension Term Extension and Payment Delay Total* Commercial real estate $ 131 $ 144 $ 275 Commercial, financial & agricultural — 42 42 Total Loans $ 131 $ 186 $ 317 *less than .05% of total class of receivable There were a total of three loans in the above categories. The commercial real estate loans consist of two loans, each with a term extension of one year with one loan also given a payment delay. The commercial, financial & agricultural loan had a term extension of five years and was given a payment delay. The Company had no loans that subsequently defaulted during the three month period ended March 31, 2024 and for the year ended December 31, 2023.

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
Allowance for Credit Losses	Mar. 31, 2024
Receivables [Abstract]
Allowance for Credit Losses	Allowance for Credit Losses The ACL for loans represents management's estimate of life of loan credit losses in the portfolio as of the end of the period. The ACL related to unfunded commitments is included in other liabilities in the consolidated balance sheet. The following tables present the balance sheet activity in the ACL by portfolio segment for loans for the three month periods ended March 31, 2024 and March 31, 2023 . (dollars in thousands) Balance December 31, 2023 Charge-Offs Recoveries Provision for credit losses on loans Balance, March 31, 2024 Three Months Ended March 31, 2024 Construction, land & land development $ 2,204 $ — $ 1 $ (159) $ 2,046 Other commercial real estate 7,064 (20) 9 336 7,389 Total commercial real estate 9,268 (20) 10 177 9,435 Residential real estate 5,105 (70) 168 124 5,327 Commercial, financial & agricultural 2,110 (658) 22 546 2,020 Consumer and other 1,888 (120) 4 103 1,875 Total allowance for credit losses on loans $ 18,371 $ (868) $ 204 $ 950 $ 18,657 (dollars in thousands) Balance December 31, 2022 Adoption of ASU 2016-13 Charge-Offs Recoveries Provision for credit losses on loans Balance, September 30, 2023 (dollars in thousands) Balance December 31, 2022 Adoption of ASU 2016-13 Charge-Offs Recoveries Provision for credit losses on loans Balance, March 31, 2023 Three Months Ended March 31, 2023 Construction, land & land development $ 1,959 $ 148 $ — $ 3 $ 232 $ 2,342 Other commercial real estate 8,886 (630) — 14 (148) 8,122 Total commercial real estate 10,845 (482) — 17 84 10,464 Residential real estate 2,354 1,053 — 11 694 4,112 Commercial, financial & agricultural 2,709 (690) (273) 7 (96) 1,657 Consumer and other 220 66 (3) 4 79 366 Total allowance for loan losses $ 16,128 $ (53) $ (276) $ 39 $ 761 $ 16,599 (dollars in thousands) Balance December 31, 2021 Charge-Offs Recoveries Provision Balance, September 30, 2022 Colony used a one-year reasonable and supportable forecast period. The changes in loss rates used as the basis for the estimate of credit losses during this period were modeled using historical data from peer banks and macroeconomic forecast data obtained from a third party vendor, which were then applied to Colony's recent default experience as a starting point. As of March 31, 2024, the Company expects that the markets in which it operates will experience stable economic and unemployment conditions with the trend of delinquencies returning to more normalized levels, over the next two years. Management adjusted the historical loss experience for these expectations. No reversion adjustments were necessary, as the starting point for the Company's estimate was a cumulative loss rate covering the expected contractual term of the portfolio. The Company determines its individual reserves during its quarterly review of substandard loans. This process involves reviewing all loans with a risk grade of 7 or worse and an outstanding balance of $500,000 or more, regardless of the loans impairment classification. The Company maintains an allowance for off-balance sheet credit exposures such as unfunded balances for existing lines of credit, commitments to extend future credit, as well as both standby and commercial letters of credit when there is a contractual obligation to extend credit and when this extension of credit is not unconditionally cancellable. The allowance for off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur, which is based on a historical funding study derived from internal information, and an estimate of expected credit losses on commitments expected to be funded over its estimated life, which are the same loss rates that are used in computing the allowance for credit losses on loans. The allowance for credit losses for unfunded commitments is separately classified on the balance sheet within other liabilities. The following table presents the balance and activity in the allowance for credit losses for unfunded commitments for the three month periods ended March 31, 2024 and March 31, 2023. (dollars in thousands) Total Allowance for Credit Losses-Unfunded Commitments Three Months Ended Balance, December 31, 2023 $ 1,375 Change in unfunded commitments 50 Balance, March 31, 2024 $ 1,425 Three Months Ended Balance, December 31, 2022 $ — Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 1,661 Change in unfunded commitments 139 Balance, March 31, 2023 $ 1,800

Derivatives

Derivatives	3 Months Ended
Derivatives	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives As part of its asset liability management activities, the Company may enter into interest rate swaps to help manage its interest rate risk position and mitigate exposure to the variability of future cash flows or other forecasted transactions. The Company entered into two interest rate swaps during the second quarter of 2023, to hedge the variability of cash flows due to changes in the benchmark SOFR interest rate risk for its short-term funding over the term of these cash flow hedges. The notional amount of an interest rate swap does not represent the amount exchanged by the parties. The exchange of cash flows is determined by reference to the notional amount and the other terms of the interest rate swap agreements. On June 23, 2023, the Company entered into a five-year interest rate swap with a notional amount totaling $25.0 million. On June 26, 2023 the Company entered into a three-year interest rate swap with a notional amount totaling $25.0 million. Both of the swaps were designated as cash flow hedges of certain variable rate liabilities. The derivatives are recorded in "Other assets" on the Company's balance sheet and have a value of $361,000 as of March 31, 2024. Gains were recorded on the swap transactions, which totaled $173,000 for the three months ended March 31, 2024, as a component of interest expense in the consolidated statements of income. Amounts reported in accumulated OCI related to swaps are reclassified to interest expense as interest payments are made on the Bank's variable rate liabilities. The following table presents the amounts recorded in the consolidated statements of income and the consolidated statements of comprehensive income relating to the interest rate swaps for the three months ended March 31, 2024. (dollars in thousands) Three Months Ended March 31, 2024 Amount of gain recognized in OCI, net of tax $ 596 Amount of gain reclassified from OCI to interest expense, net of tax 136

Borrowings

Borrowings	3 Months Ended
Borrowings	Mar. 31, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings The following table presents information regarding the Company’s outstanding borrowings at March 31, 2024 and December 31, 2023: (dollars in thousands) March 31, 2024 December 31, 2023 Federal Home Loan Bank advances 155,000 175,000 Other borrowings 62,969 63,445 $ 217,969 $ 238,445 Advances from the Federal Home Loan Bank (“FHLB”) have maturities ranging from 2024 to 2028 and interest rates ranging from 3.69% to 5.47%. 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, farmland loans, multifamily loans and HELOC loans. At March 31, 2024, the lendable collateral of those loans pledged is $230.1 million. At March 31, 2024, the Company had remaining credit availability from the FHLB of $605.9 million. The Company may be required to pledge additional qualifying collateral in order to utilize the full amount of the remaining credit line. The Company's debentures issued in connection with trust preferred securities are recorded as other borrowings on the consolidated balance sheets, but, subject to certain limitations, qualify as Tier 1 capital for regulatory capital purposes. At March 31, 2024 and December 31, 2023, $24.2 million of debentures underlying trust preferred securities were outstanding. The proceeds from the offerings were used to fund certain acquisitions, pay off holding company debt and inject capital into the bank subsidiary. The debentures underlying the trust preferred securities require quarterly interest payments. The Company also has fixed-to-floating rate subordinated notes which are 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 March 31, 2024 and December 31, 2023, $38.7 million and $39.2 million, respectively, of the Notes, net of debt issuance costs were outstanding. The Notes are recorded as other borrowings on the consolidated balance sheets and, subject to certain limitations, qualify as Tier 2 capital for regulatory capital purposes. The aggregate stated maturities of other borrowed money at March 31, 2024 are as follows: (dollars in thousands) Year Amount 2024 $ 50,000 2025 — 2026 25,000 2027 15,000 2028 65,000 2029 and After 62,969 $ 217,969 The Company also has available federal funds lines of credit with various financial institutions totaling $64.5 million, with no outstanding balance at March 31, 2024. 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 March 31, 2024, the Company had $98.3 million borrowing capacity available under this arrangement, with no outstanding balances. The Company would be required to pledge certain available-for-sale investment securities as collateral under this agreement.

Earnings Per Share

Earnings Per Share	3 Months Ended
Earnings Per Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflects the potential dilution of restricted stock. The following table presents earnings per share for the three months ended March 31, 2024 and 2023. (dollars in thousands, except per share data) Three Months Ended 2024 2023 Numerator Net income available to common stockholders $ 5,333 $ 5,043 Denominator Weighted average number of common shares Outstanding for basic earnings per common share 17,560,210 17,595,688 Weighted-average number of shares outstanding for diluted earnings per common share 17,560,210 17,595,688 Earnings per share - basic $ 0.30 $ 0.29 Earnings per share - diluted $ 0.30 $ 0.29

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2024
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. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held varies, but may include cash or cash equivalents, negotiable instruments, real estate, accounts receivable, inventory, oil, gas and mineral interests, property, plant, and equipment. At March 31, 2024 and December 31, 2023 the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount (dollars in thousands) March 31, 2024 December 31, 2023 Loan commitments $ 360,642 $ 362,878 Letters of credit 5,223 5,656 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 the Company and the Bank. As of March 31, 2024, the aggregate liabilities, if any, arising from such proceedings would not, in the opinion of management, have a material adverse effect on the Company’s consolidated financial position.

Fair Value of Financial Instrum

Fair Value of Financial Instruments and Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
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 the Company and the Bank’s financial instruments are detailed hereafter. Where quoted prices are not available, fair values are based on estimates using discounted cash flows and other valuation techniques. The use of discounted cash flows can be significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. 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 as 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, net – 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. Most loans are classified as Level 3. Derivative instruments – The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The interest rate swaps are classified as Level 2. 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 2. The fair value of deposits 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 funds purchased – The carrying amounts of Federal funds purchased approximate fair value and are 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 as of March 31, 2024 and December 31, 2023 are as follows: Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level March 31, 2024 Assets Cash and short-term investments $ 94,669 $ 94,669 $ 94,669 $ — $ — Investment securities available for sale 382,953 382,953 — 375,808 7,145 Investment securities held to maturity 447,157 398,852 — 398,852 — Other investments 16,034 16,034 — 16,034 — Loans held for sale 31,102 31,102 — 31,102 — Loans, net 1,840,361 1,674,467 — — 1,674,467 Derivative instruments 361 361 — 361 — Liabilities Deposits 2,522,748 2,516,381 — 2,516,381 — Federal Home Loan Bank advances 155,000 157,599 — 157,599 — Other borrowings 62,969 50,078 — 50,078 — Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level December 31, 2023 Assets Cash and short-term investments $ 83,322 $ 83,322 $ 83,322 $ — $ — Investment securities available for sale 407,382 407,382 — 396,568 10,814 Investment securities held to maturity 449,031 405,576 — 405,576 — Other investments 16,868 16,868 — 16,868 — Loans held for sale 27,958 27,958 — 27,958 — Loans, net 1,865,099 1,699,870 — — 1,699,870 Liabilities Deposits 2,544,790 2,538,477 — 2,538,477 — Federal Home Loan Bank advances 175,000 176,022 — 176,022 — Other borrowings 63,445 51,056 — 51,056 — Derivative instruments 438 438 — 438 — 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: Securities – Where quoted prices are available in an active market, securities are classified within level 1 of the valuation hierarchy. Level 1 inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. Examples of such instruments, which would generally be classified within level 2 of the valuation hierarchy, include certain collateralized mortgage and debt obligations and certain high-yield debt securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within level 3 of the valuation hierarchy. When measuring fair value, the valuation techniques available under the market approach, income approach and/or cost approach are used. The Company’s evaluations are based on market data and the Company employs combinations of these approaches for its valuation methods depending on the asset class. Collateral dependent loans – 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 Owned – 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% 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 tables present the recorded amount of the Company’s assets measured at fair value on a recurring and nonrecurring basis as of March 31, 2024 and December 31, 2023, aggregated by the level in the fair value hierarchy within which those measurements fall. The tables below include collateral dependent impaired loans and other real estate properties at March 31, 2024 and December 31, 2023. Those collateral dependent 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 Value (Level 1) (Level 2) (Level 3) March 31, 2024 Nonrecurring Collateral dependent loans $ 1,768 $ — $ — $ 1,768 Other real estate owned 562 — — 562 Total nonrecurring assets $ 2,330 $ — $ — $ 2,330 Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair (Level 1) (Level 2) (Level 3) December 31, 2023 Nonrecurring Collateral dependent loans $ 1,410 $ — $ — $ 1,410 Other real estate owned 448 — — 448 Total nonrecurring assets $ 1,858 $ — $ — $ 1,858 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) The following table presents quantitative information about the significant unobservable inputs used in the fair value measurements for assets in level 3 of the fair value hierarchy measured on a nonrecurring basis at March 31, 2024 and December 31, 2023. This table is comprised primarily of collateral dependent impaired loans and other real estate owned: (dollars in thousands) March 31, 2024 Valuation Unobservable Range Collateral dependent loans $ 1,768 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell — % 50 % Other real estate owned 562 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell — % 20 % (dollars in thousands) December 31, 2023 Valuation Unobservable Range Collateral dependent loans $ 1,410 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % 50 % Other real estate owned 448 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell — % 20 % The following table presents quantitative information about recurring level 3 fair value measurements as of March 31, 2024 and December 31, 2023. As of March 31, 2024 (dollars in thousands) Fair Value Valuation Unobservable Range Available for sale securities $ 7,145 Discounted Cash Flow Discount Rate or Yield N/A* As of December 31, 2023 (dollars in thousands) Fair Value Valuation Unobservable Range Available for sale securities $ 10,814 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 table below presents a reconciliation and statement of income classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (level 3) for the three months ended March 31, 2024. Three Months Ended March 31, 2024 (dollars in thousands) Available for sale securities Balance, Beginning $ 10,814 Redemptions/Payments (2,913) Fair value adjustments 1,669 Transfers between levels (2,425) Balance, Ending $ 7,145 The Company’s policy is to recognize transfers in and transfers out of levels 1, 2 and 3 as of the end of a reporting period. There were $2.4 million in transfers between levels for the three months ended March 31, 2024 and no transfers of securities between levels for the three months ended March 31, 2023.

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2024
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 assessed based on income before income taxes, and indirect expenses (including management fees) are allocated based on various internal factors for each segment. Transactions among segments are made at fair value. Information reported internally for performance assessment follows. The following tables present information reported internally for performance assessment for the three months ended March 31, 2024 and 2023: (dollars in thousands) Bank Mortgage Small Totals Three Months Ended March 31, 2024 Net Interest Income $ 17,552 $ 40 $ 1,062 $ 18,654 Provision for Credit Losses 455 — 545 1,000 Noninterest Income 5,680 1,165 2,642 9,487 Noninterest Expenses 17,129 1,218 2,050 20,397 Income Taxes 1,166 1 244 1,411 Segment Profit $ 4,482 $ (14) $ 865 $ 5,333 Segments Assets at March 31, 2024 $ 2,910,102 $ 8,011 $ 97,396 $ 3,015,509 Full time employees at March 31, 2024 377 43 31 451 (dollars in thousands) Bank Mortgage Small Totals Three Months Ended March 31, 2023 Net Interest Income $ 20,138 $ 3 $ 427 $ 20,568 Provision for Credit Losses 900 — — 900 Noninterest Income 4,918 1,277 1,464 7,659 Noninterest Expenses 17,812 1,712 1,641 21,165 Income Taxes 1,155 (86) 50 1,119 Segment Profit $ 5,189 $ (346) $ 200 $ 5,043 Segments Assets at December 31, 2023 $ 2,956,121 $ 7,890 $ 89,411 $ 3,053,422 Full time employees at March 31, 2023 407 59 30 496 Three Months Ended March 31, 2024 Three Months Ended March 31, 2023

Regulatory Capital Matters

Regulatory Capital Matters	3 Months Ended
Regulatory Capital Matters	Mar. 31, 2024
Banking And Thrift Disclosure [Abstract]
Regulatory Capital Matters	Regulatory Capital Matters The amount of dividends payable to the parent company from the subsidiary bank is limited by various banking regulatory agencies. Upon approval by regulatory authorities, the Bank may pay cash dividends to the parent company in excess of regulatory limitations. As of March 31, 2024, the Company and the Bank were categorized as well-capitalized under the regulatory framework for prompt corrective action in effect at such time. To be categorized as well-capitalized, the Company and the Bank must have exceeded the well-capitalized guideline ratios in effect at the time, as set forth in the tables below, and have met certain other requirements. Management believes that the Company and the Bank exceeded all well-capitalized requirements at March 31, 2024, and there have been no conditions or events since quarter-end that would change the status of well-capitalized. The following tables summarize regulatory capital information as of March 31, 2024 and December 31, 2023 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for March 31, 2024 and December 31, 2023 were calculated in accordance with the Basel III rules. (dollars in thousands) Actual For Capital To Be Well Amount Ratio Amount Ratio Amount Ratio As of March 31, 2024 Total Capital to Risk-Weighted Assets Consolidated $ 337,131 15.79 % $ 170,807 8.00 % $ 213,509 10.00 % Colony Bank 304,814 14.31 170,406 8.00 213,008 10.00 Tier 1 Capital to Risk-Weighted Assets Consolidated 278,310 13.04 128,057 6.00 170,742 8.00 Colony Bank 284,732 13.37 127,778 6.00 170,371 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 254,081 11.90 96,081 4.50 138,784 6.50 Colony Bank 284,732 13.37 95,834 4.50 138,426 6.50 Tier 1 Capital to Average Assets Consolidated 278,310 9.19 121,136 4.00 151,420 5.00 Colony Bank 284,732 9.43 120,777 4.00 150,971 5.00 (dollars in thousands) Actual For Capital To Be Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2023 Total Capital to Risk-Weighted Assets Consolidated $ 337,159 15.47 % $ 174,355 8.00 % $ 217,944 10.00 % Colony Bank 300,497 13.85 173,572 8.00 216,965 10.00 Tier 1 Capital to Risk-Weighted Assets Consolidated 278,196 12.77 130,711 6.00 174,281 8.00 Colony Bank 280,751 12.94 130,178 6.00 173,571 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 253,967 11.66 98,015 4.50 141,577 6.50 Colony Bank 280,751 12.94 97,634 4.50 141,026 6.50 Tier 1 Capital to Average Assets Consolidated 278,196 9.17 121,350 4.00 151,688 5.00 Colony Bank 280,751 9.28 121,013 4.00 151,267 5.00

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend On April 24, 2024, the Board of Directors declared a quarterly cash dividend of $0.1125 per share, to be paid on its common stock on May 22, 2024, to shareholders of record as of the close of business on May 8, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 5,333	$ 5,043

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2024
Accounting Policies [Abstract]
Presentation	Presentation Colony Bankcorp, Inc. (the “Company”) is a bank holding company located in Fitzgerald, Georgia. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Colony Bank, Fitzgerald, Georgia (the “Bank”). The “Company” or “our,” as used herein, includes Colony Bank, except where the context requires otherwise. All adjustments consisting of normal recurring accruals which are, in the opinion of management, necessary for fair presentation of the interim consolidated financial statements, have been included and fairly and accurately present the financial position, results of operations and cash flows of the Company. All significant intercompany accounts have been eliminated in consolidation. The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles ("GAAP") utilized in the commercial banking industry for interim financial information and Regulation S-X. Accordingly, the accompanying unaudited interim consolidated financial statements do not include all of the information or notes required for complete financial statements. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the results which may be expected for the year ending December 31, 2024. These statements should be read in conjunction with the consolidated financial statements and notes thereto in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (“2023 Form 10-K”).
Nature of Operations	Nature of Operations The Bank provides a full range of retail, commercial and mortgage banking services as well as government guaranteed lending, consumer insurance, wealth management and merchant services for consumers and small- to medium-size businesses located primarily in north, central, south and coastal Georgia, Birmingham, Alabama and Tallahassee and the Florida Panhandle. The Bank is headquartered in Fitzgerald, Georgia with locations in the Georgia cities of Albany, Ashburn, Athens, Atlanta, Augusta, Broxton, Cedartown, Centerville, Chickamauga, Columbus, Cordele, Douglas, Eastman, Fayetteville, Fitzgerald, LaGrange, Leesburg, Macon, Manchester, Moultrie, Quitman, Rochelle, Rockmart, Savannah, Statesboro, Sylvester, Thomaston, Tifton, Valdosta and Warner Robins along with loan production offices in Birmingham, Alabama and Tallahassee, Florida. Lending and investing activities are funded primarily by deposits gathered through its retail banking office network.
Use of Estimates	Use of Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date and revenues and expenses for the period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans and fair value of assets acquired and liabilities assumed in a business combination, including goodwill impairment.
Reclassifications	Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to statement presentations selected for 2024. Such reclassifications have not materially affected previously reported stockholders’ equity or net income.
Concentrations of Credit Risk	Concentrations of Credit Risk Concentrations of credit risk can exist in relation to individual borrowers or groups of borrowers, certain types of collateral, certain types of industries, or certain geographic regions. The Company has a concentration in real estate loans as well as a geographic concentration that could pose an adverse credit risk. At March 31, 2024, approximately 84% of the Company’s loan portfolio was concentrated in loans secured by real estate. A substantial portion of borrowers’ ability to honor their contractual obligations is dependent upon the viability of the real estate economic sector. Management continues to monitor these concentrations and has considered these concentrations in its allowance for credit loss analysis. The success of the Company is dependent, to a certain extent, upon the economic conditions in the geographic markets it serves. Adverse changes in the economic conditions in these geographic markets would likely have a material adverse effect on the Company’s results of operations and financial condition. The operating results of the Company depend primarily on its net interest income. Accordingly, operations are subject to risks and uncertainties surrounding the exposure to changes in the interest rate environment. At times, the Company may have cash and cash equivalents at financial institutions in excess of federal deposit insurance limits. The Company places its cash and cash equivalents with high credit quality financial institutions whose credit ratings are monitored by management to minimize credit risk.
Allowance for Credit Losses ("ACL") - Loans	Allowance for Credit Losses ("ACL") – Loans The current expected credit loss (“CECL”) approach requires an estimate of the credit losses expected over the life of an exposure (or pool of exposures). It replaced the incurred loss approach’s threshold that delayed the recognition of a credit loss until it was probable a loss event was incurred. The estimate of expected credit losses is based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. Historical loss experience is generally the starting point for estimating expected credit losses. The Company then considers whether the historical loss experience should be adjusted for asset-specific risk characteristics or current conditions at the reporting date that did not exist over the historical period used. The Company also considers future economic conditions and portfolio performance as part of a reasonable and supportable forecast period. The ACL is a valuation account that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the ACL when management believes the uncollectibility of a loan balance is confirmed. Accrued interest receivable is excluded from the estimate of credit losses. Management determines the ACL balance using relevant available information from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit behaviors along with model judgments provide the basis for the estimation of expected credit losses. Adjustments to modeled loss estimates may be made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency level, or term as well as for changes in environmental conditions, such as changes in economic conditions, property values, or other relevant factors. For the majority of loans and leases the ACL is calculated using a discounted cash flow methodology applied at a loan level with a one-year reasonable and supportable forecast period and a two-year straight-line reversion period. The ACL-loans are measured on a collective basis when similar risk characteristics exist. The Company has identified the following portfolio segments and calculates the ACL for each using a discounted cash flow methodology at the loan level, with loss rates, prepayment assumptions and curtailment assumptions driven by each loan’s collateral type: • Construction, land & land development - Risks common to construction, land & development loans are cost overruns, changes in market demand for property, inadequate long-term financing arrangements and declines in real estate values. • Other commercial real estate - Loans in this category are susceptible to business failures and declines in general economic conditions, including declines in real estate value, declines in occupancy rates, and lack of suitable alternative use for the property. • Residential real estate - Residential real estate loans are susceptible to weakening general economic conditions, increases in unemployment rates and declining real estate values. • Commercial, financial & agricultural - Risks to this loan category include the inability to monitor the condition of the collateral, which often consists of inventory, accounts receivable and other non-real estate assets. Equipment and inventory obsolescence can also pose a risk. Declines in general economic conditions and other events can cause cash flows to fall to levels insufficient to service debt. • Consumer and other - Risks common to consumer direct loans include unemployment and changes in local economic conditions as well as the inability to monitor collateral consisting of personal property. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate.
Allowance for Credit Losses	Allowance for Credit Losses – Off-Balance Sheet Credit Exposures 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. Management estimates expected credit losses on commitments to extend credit over the contractual period during which the Company is exposed to credit risk on the underlying commitments. The ACL on off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The ACL is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to fund. Allowance for Credit Losses – Held-to-Maturity Securities ("HTM") Management measures current expected credit losses on HTM debt securities on a collective basis by major security type. The estimate of current expected credit losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Management classifies the HTM portfolio into the following major security types: U.S. Treasury securities, U.S. agency securities, State, county & municipal securities, and Mortgage-backed securities. Accrued interest receivable on HTM debt is excluded from the estimate of credit losses. All of the residential and commercial mortgage-backed securities held by the Company as HTM are issued by U.S. government agencies and government sponsored entities. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The state and political subdivision securities are also highly rated by major rating agencies. Allowance for Credit Losses – Available-for-Sale Securities ("AFS") For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or whether it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For AFS debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any amount of unrealized loss that has not been recorded through an ACL is recognized in other comprehensive income. Accrued interest receivable on AFS debt securities is excluded from the estimate of credit losses. Changes in the ACL are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the ACL when management believes the uncollectibility of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met.
Derivatives	Derivatives The Company records cash flow hedges at the inception of a derivative contract based on management’s intentions and belief as to the likely effectiveness of the hedge. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is recorded in other comprehensive income ("OCI") and is reclassified into earnings in the same period during which the hedged transaction affects earnings. The changes in the fair value of a derivative that is not highly effective in hedging the expected cash flows of the hedged item are recognized immediately as interest expense in the consolidated statements of income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income or noninterest expense. Cash flows from hedges are classified in the consolidated statements of cash flows in the same manner as the items being hedged. The Company formally documents the relationship between derivatives and hedged items, as well as the risk management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged item. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in cash flows of the hedged item, the derivative is settled or terminated, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as interest expense. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in OCI are amortized into earnings over the same periods which the hedged transactions will affect earnings.
Changes in Accounting Principles	Changes in Accounting Principles In March 2020, the Financial Accounting Standards Board ("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 November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) Improvements to Reportable Segment Disclosures ("ASU 2023-07"). This ASU was issued to improve segment reporting disclosures. The amendments in this ASU improve financial reporting by requiring disclosure of incremental segment information including significant segment expenses regularly provided to the chief operating decision maker as well as the amount and composition of other segment items on an annual and interim basis for all public entities to enable investors to develop more decision-useful financial analyses. Retrospective application is required in all prior periods unless impracticable to do so. The Company will adopt the new disclosure requirements for the annual period beginning on January 1, 2024 and interim periods beginning on January 1, 2025. The Company is currently evaluating the impact of the incremental segment information that will be required to be disclosed as well as the impact to the Segment Reporting footnote. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) Improvements to Income Tax Disclosures
Earnings Per Share	Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflects the potential dilution of restricted stock.
Fair Value of Financial Instruments and Fair Value Measurements	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 as 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, net – 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. Most loans are classified as Level 3. Derivative instruments – The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts and the discounted expected variable cash payments. The variable cash payments are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The interest rate swaps are classified as Level 2. 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 2. The fair value of deposits 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 funds purchased – The carrying amounts of Federal funds purchased approximate fair value and are 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.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
Investment Securities (Tables)	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of 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) March 31, 2024 Amortized Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 2,296 $ — $ (11) $ 2,285 U.S. agency securities 4,433 — (394) 4,039 Asset backed securities 21,526 14 (268) 21,272 State, county & municipal securities 123,045 — (15,986) 107,059 Corporate debt securities 53,343 — (6,535) 46,808 Mortgage-backed securities 226,495 158 (25,163) 201,490 Total $ 431,138 $ 172 $ (48,357) $ 382,953 March 31, 2024 Amortized Gross Gross Fair Value Securities Held to Maturity: U.S. treasury securities $ 93,728 $ — $ (3,995) $ 89,733 U.S. agency securities 16,250 — (1,502) 14,748 State, county & municipal securities 136,816 175 (14,727) 122,264 Mortgage-backed securities 200,363 — (28,256) 172,107 Total $ 447,157 $ 175 $ (48,480) $ 398,852 December 31, 2023 Amortized Gross Gross Fair Value Securities Available for Sale: U.S. treasury securities $ 500 $ — $ (2) $ 498 U.S. agency securities 4,500 — (361) 4,139 Asset backed securities 25,035 — (405) 24,630 State, county & municipal securities 124,524 6 (15,494) 109,036 Corporate debt securities 53,834 16 (6,460) 47,390 Mortgage-backed securities 246,901 36 (25,248) 221,689 Total $ 455,294 $ 58 $ (47,970) $ 407,382 December 31, 2023 Amortized Gross Gross Fair Value Securities Held to Maturity: U.S. treasury securities $ 93,306 $ — $ (3,212) $ 90,094 U.S. agency securities 16,282 — (1,424) 14,858 State, county & municipal securities 136,685 356 (13,859) 123,182 Mortgage-backed securities 202,758 — (25,316) 177,442 Total $ 449,031 $ 356 $ (43,811) $ 405,576
Schedule of Amortized Cost and Fair Value of Investment Securities by Contractual Maturity	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 $ 2,511 $ 2,500 $ 9,823 $ 9,679 Due after one year through five years 18,090 16,800 93,608 89,399 Due after five years through ten years 97,783 84,148 72,591 64,113 Due after ten years 86,259 78,015 70,772 63,554 $ 204,643 $ 181,463 $ 246,794 $ 226,745 Mortgage-backed securities 226,495 201,490 200,363 172,107 $ 431,138 $ 382,953 $ 447,157 $ 398,852
Schedule of Continuous Unrealized Loss Position	Information pertaining to available-for-sale securities with gross unrealized losses at March 31, 2024 and December 31, 2023 aggregated by investment category and length of time that individual securities have been in a continuous loss position is as follows: Less Than 12 Months 12 Months or Greater Total (dollars in thousands) Fair Gross Fair Gross Fair Gross March 31, 2024 U.S. treasury securities $ 2,285 $ (11) $ — $ — $ 2,285 $ (11) U.S. agency securities — — 4,039 (394) 4,039 (394) Asset backed securities 4,285 (16) 13,107 (252) 17,392 (268) State, county & municipal securities 1,570 (146) 105,239 (15,840) 106,809 (15,986) Corporate debt securities 260 (140) 46,548 (6,395) 46,808 (6,535) Mortgage-backed securities — — 193,006 (25,163) 193,006 (25,163) $ 8,400 $ (313) $ 361,939 $ (48,044) $ 370,339 $ (48,357) December 31, 2023 U.S. treasury securities $ — $ — $ 498 $ (2) $ 498 $ (2) U.S. agency securities — — 4,139 (361) 4,139 (361) Asset backed securities 6,196 (75) 17,424 (330) 23,620 (405) State, county & municipal securities 1,033 (138) 107,443 (15,356) 108,476 (15,494) Corporate debt securities 1,446 (105) 45,044 (6,355) 46,490 (6,460) Mortgage-backed securities 5,921 (49) 212,876 (25,199) 218,797 (25,248) $ 14,596 $ (367) $ 387,424 $ (47,603) $ 402,020 $ (47,970) Information pertaining to held-to-maturity securities with gross unrealized losses at March 31, 2024 and December 31, 2023 aggregated by investment category and length of time that individual securities have been in a continuous loss position is as follows: Less Than 12 Months 12 Months or Greater Total (dollars in thousands) Fair Gross Fair Gross Fair Gross March 31, 2024 U.S. treasury securities $ — $ — $ 89,733 $ (3,995) $ 89,733 $ (3,995) U.S. agency securities — — 14,748 (1,502) 14,748 (1,502) State, county & municipal securities 5,756 (41) 104,271 (14,686) 110,027 (14,727) Mortgage-backed securities — — 172,107 (28,256) 172,107 (28,256) $ 5,756 $ (41) $ 380,859 $ (48,439) $ 386,615 $ (48,480) December 31, 2023 U.S. treasury securities $ — $ — $ 90,094 $ (3,212) $ 90,094 $ (3,212) U.S. agency securities — — 14,858 (1,424) 14,858 (1,424) State, county & municipal securities 1,461 (78) 103,500 (13,781) 104,961 (13,859) Mortgage-backed securities — — 177,442 (25,316) 177,442 (25,316) $ 1,461 $ (78) $ 385,894 $ (43,733) $ 387,355 $ (43,811)

Loans (Tables)

Loans (Tables)	3 Months Ended
Loans (Tables)	Mar. 31, 2024
Receivables [Abstract]
Schedule of Loans Segregated by Class	The following table presents the composition of loans segregated by class of loans, as of March 31, 2024 and December 31, 2023. (dollars in thousands) March 31, 2024 December 31, 2023 Construction, land & land development $ 234,000 $ 247,146 Other commercial real estate 971,205 974,375 Total commercial real estate 1,205,205 1,221,521 Residential real estate 347,277 356,234 Commercial, financial & agricultural 239,837 242,756 Consumer and other 66,699 62,959 Total Loans $ 1,859,018 $ 1,883,470 (dollars in thousands) March 31, 2024 December 31, 2023 Construction, land & land development $ 6,658 $ 7,027 Other commercial real estate 48,396 40,852 Total commercial real estate 55,054 47,879 Residential real estate 9,272 12,170 Commercial, financial & agricultural 30,272 26,716 Consumer and other — — Total Loans $ 94,598 $ 86,765
Schedule of Loan Portfolio by Credit Quality Indicators	The following tables present the loan portfolio segregated by class of loans and the risk category of term loans by vintage year, which is the year of origination or most recent renewal, as of March 31, 2024 and December 31, 2023. Those loans with a risk grade of 1, 2, 3, 4 and 5 have been combined in the pass column for presentation purposes. There were no loans with a risk rating of "doubtful" or "loss" at March 31, 2024 or December 31, 2023. Term Loans Amortized Cost Basis by Origination Year (dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolvers Revolvers converted to term loans Total March 31, 2024 Construction, land & land development Risk rating Pass $ 13,992 $ 97,191 $ 82,284 $ 28,121 $ 4,352 $ 6,398 $ 89 $ 31 $ 232,458 Special Mention — 640 — 24 — 25 280 — 969 Substandard — — 429 4 — 140 — — 573 Total Construction, land & land development 13,992 97,831 82,713 28,149 4,352 6,563 369 31 234,000 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial real estate Risk rating Pass 6,359 76,903 336,599 197,131 84,422 214,138 21,999 2,154 939,705 Special Mention 303 76 3,458 484 2,094 10,267 554 344 17,580 Substandard — 2,807 5,602 565 356 4,381 209 — 13,920 Total Other commercial real estate 6,662 79,786 345,659 198,180 86,872 228,786 22,762 2,498 971,205 Current period gross write offs — — — — — 20 — — 20 Residential real estate Risk rating Pass 6,967 73,145 113,983 49,805 20,828 47,464 21,938 98 334,228 Special Mention 16 850 517 43 92 5,310 326 — 7,154 Substandard — — 1,271 375 281 3,938 30 — 5,895 Total Residential real estate 6,983 73,995 115,771 50,223 21,201 56,712 22,294 98 347,277 Current period gross write offs — — 70 — — — — — 70 Commercial, financial & agricultural Risk rating Pass 18,071 55,857 46,732 17,713 11,469 17,594 63,259 534 231,229 Special Mention — 364 579 277 719 180 1,004 — 3,123 Substandard — 264 2,038 1,840 202 191 910 40 5,485 Total Commercial, financial & agricultural 18,071 56,485 49,349 19,830 12,390 17,965 65,173 574 239,837 Current period gross write offs — 52 428 178 — — — — 658 Consumer and other Risk rating Pass 21,880 36,278 3,392 1,706 987 1,619 460 11 66,333 Special Mention — 171 38 33 10 21 — — 273 Substandard 11 34 18 15 4 11 — — 93 Total Consumer and other 21,891 36,483 3,448 1,754 1,001 1,651 460 11 66,699 Current period gross write offs — 116 4 — — — — — 120 Total Loans Risk rating Pass 67,269 339,374 582,990 294,476 122,058 287,213 107,745 2,828 1,803,953 Special Mention 319 2,101 4,592 861 2,915 15,803 2,164 344 29,099 Substandard 11 3,105 9,358 2,799 843 8,661 1,149 40 25,966 Total Loans $ 67,599 $ 344,580 $ 596,940 $ 298,136 $ 125,816 $ 311,677 $ 111,058 $ 3,212 $ 1,859,018 Total current period gross write offs $ — $ 168 $ 502 $ 178 $ — $ 20 $ — $ — $ 868 Term Loans Amortized Cost Basis by Origination Year (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolvers Revolvers converted to term loans Total December 31, 2023 Construction, land & land development Risk rating Pass $ 112,587 $ 91,981 $ 27,332 $ 5,654 $ 1,000 $ 5,765 $ 605 $ 31 $ 244,955 Special Mention 792 — 25 — — 29 282 — 1,128 Substandard — 888 4 — 20 151 — — 1,063 Total Construction, land & land development 113,379 92,869 27,361 5,654 1,020 5,945 887 31 247,146 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial real estate Risk rating Pass 61,816 341,656 204,145 88,629 79,123 145,374 24,158 2,031 946,932 Special Mention 75 3,251 766 2,113 5,733 4,694 545 48 17,225 Substandard 2,303 2,615 211 — 486 4,395 208 — 10,218 Total Other commercial real estate 64,194 347,522 205,122 90,742 85,342 154,463 24,911 2,079 974,375 Current period gross write offs — — 69 — — — — — 69 Residential real estate Risk rating Pass 78,088 116,704 50,986 21,892 8,510 43,038 22,642 100 341,960 Special Mention 856 466 10 50 679 4,687 424 — 7,172 Substandard — 1,169 384 296 272 4,735 246 — 7,102 Total Residential real estate 78,944 118,339 51,380 22,238 9,461 52,460 23,312 100 356,234 Current period gross write offs 253 492 26 — — — — — 771 Commercial, financial & agricultural Risk rating Pass 66,820 51,439 21,673 12,489 4,734 14,002 58,607 306 230,070 Special Mention 4,186 894 376 745 188 40 974 — 7,403 Substandard 164 1,872 1,979 190 25 165 866 22 5,283 Total Commercial, financial & agricultural 71,170 54,205 24,028 13,424 4,947 14,207 60,447 328 242,756 Current period gross write offs 150 168 408 200 9 134 — — 1,069 Consumer and other Risk rating Pass 53,117 4,021 2,004 1,240 925 908 462 1 62,678 Special Mention 79 42 38 12 25 1 — — 197 Substandard 43 20 3 5 4 9 — — 84 Total Consumer and other 53,239 4,083 2,045 1,257 954 918 462 1 62,959 Current period gross write offs 9 12 10 2 — 2 — — 35 Total Loans Risk rating Pass 372,428 605,801 306,140 129,904 94,292 209,087 106,474 2,469 1,826,595 Special Mention 5,988 4,653 1,215 2,920 6,625 9,451 2,225 48 33,125 Substandard 2,510 6,564 2,581 491 807 9,455 1,320 22 23,750 Total Loans $ 380,926 $ 617,018 $ 309,936 $ 133,315 $ 101,724 $ 227,993 $ 110,019 $ 2,539 $ 1,883,470 Total current period gross write offs $ 412 $ 672 $ 513 $ 202 $ 9 $ 136 $ — $ — $ 1,944
Summary of Age Analysis of Past Due Loans	The following table presents the aging of the amortized cost basis of loans by aging category and accrual status as of March 31, 2024 and December 31, 2023: (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans March 31, 2024 Construction, land & land development $ 71 $ — $ 71 $ 56 $ 233,873 $ 234,000 Other commercial real estate 2,641 — 2,641 2,005 966,559 971,205 Total commercial real estate 2,712 — 2,712 2,061 1,200,432 1,205,205 Residential real estate 2,310 — 2,310 2,148 342,819 347,277 Commercial, financial & agricultural 578 — 578 2,190 237,069 239,837 Consumer and other 129 — 129 32 66,538 66,699 Total Loans $ 5,729 $ — $ 5,729 $ 6,431 $ 1,846,858 $ 1,859,018 December 31, 2023 Construction, land & land development $ 812 $ — $ 812 $ 85 $ 246,249 $ 247,146 Other commercial real estate 1,796 — 1,796 4,219 968,360 974,375 Total commercial real estate 2,608 — 2,608 4,304 1,214,609 1,221,521 Residential real estate 2,503 350 2,853 3,561 349,820 356,234 Commercial, financial & agricultural 775 — 775 1,956 240,025 242,756 Consumer and other 183 20 203 18 62,738 62,959 Total Loans $ 6,069 $ 370 $ 6,439 $ 9,839 $ 1,867,192 $ 1,883,470
Summary of Nonaccrual Loans	The following tables display a summary of the Company's nonaccrual loans by major categories for the periods indicated. March 31, 2024 (dollars in thousands) Nonaccrual Loans with No Related ACL Nonaccrual Loans with a Related ACL Total Nonaccrual Loans Construction, land & land development $ — $ 56 $ 56 Other commercial real estate 29 1,976 2,005 Total commercial real estate 29 2,032 2,061 Residential real estate — 2,148 2,148 Commercial, financial & agricultural — 2,190 2,190 Consumer and other — 32 32 Total Loans $ 29 $ 6,402 $ 6,431 December 31, 2023 (dollars in thousands) Nonaccrual Loans with No Related ACL Nonaccrual Loans with a Related ACL Total Nonaccrual Loans Construction, land & land development $ 27 $ 58 $ 85 Other commercial real estate 2,806 1,413 4,219 Total commercial real estate 2,833 1,471 4,304 Residential real estate 725 2,836 3,561 Commercial, financial & agricultural — 1,956 1,956 Consumer and other — 18 18 Total Loans $ 3,558 $ 6,281 $ 9,839
Summary of Loans Modified Due to Financial Difficulty	The following table presents loans modified due to a financial difficulty under the above terms during the three months ended March 31, 2024. Loans modified due to financial difficulty (dollars in thousands) Term Extension Term Extension and Payment Delay Total* Commercial real estate $ 131 $ 144 $ 275 Commercial, financial & agricultural — 42 42 Total Loans $ 131 $ 186 $ 317 *less than .05% of total class of receivable

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
Allowance for Credit Losses (Tables)	Mar. 31, 2024
Receivables [Abstract]
Summary of Allowance for Credit Losses	The following tables present the balance sheet activity in the ACL by portfolio segment for loans for the three month periods ended March 31, 2024 and March 31, 2023 . (dollars in thousands) Balance December 31, 2023 Charge-Offs Recoveries Provision for credit losses on loans Balance, March 31, 2024 Three Months Ended March 31, 2024 Construction, land & land development $ 2,204 $ — $ 1 $ (159) $ 2,046 Other commercial real estate 7,064 (20) 9 336 7,389 Total commercial real estate 9,268 (20) 10 177 9,435 Residential real estate 5,105 (70) 168 124 5,327 Commercial, financial & agricultural 2,110 (658) 22 546 2,020 Consumer and other 1,888 (120) 4 103 1,875 Total allowance for credit losses on loans $ 18,371 $ (868) $ 204 $ 950 $ 18,657 (dollars in thousands) Balance December 31, 2022 Adoption of ASU 2016-13 Charge-Offs Recoveries Provision for credit losses on loans Balance, September 30, 2023 (dollars in thousands) Balance December 31, 2022 Adoption of ASU 2016-13 Charge-Offs Recoveries Provision for credit losses on loans Balance, March 31, 2023 Three Months Ended March 31, 2023 Construction, land & land development $ 1,959 $ 148 $ — $ 3 $ 232 $ 2,342 Other commercial real estate 8,886 (630) — 14 (148) 8,122 Total commercial real estate 10,845 (482) — 17 84 10,464 Residential real estate 2,354 1,053 — 11 694 4,112 Commercial, financial & agricultural 2,709 (690) (273) 7 (96) 1,657 Consumer and other 220 66 (3) 4 79 366 Total allowance for loan losses $ 16,128 $ (53) $ (276) $ 39 $ 761 $ 16,599 (dollars in thousands) Balance December 31, 2021 Charge-Offs Recoveries Provision Balance, September 30, 2022 The following table presents the balance and activity in the allowance for credit losses for unfunded commitments for the three month periods ended March 31, 2024 and March 31, 2023. (dollars in thousands) Total Allowance for Credit Losses-Unfunded Commitments Three Months Ended Balance, December 31, 2023 $ 1,375 Change in unfunded commitments 50 Balance, March 31, 2024 $ 1,425 Three Months Ended Balance, December 31, 2022 $ — Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 1,661 Change in unfunded commitments 139 Balance, March 31, 2023 $ 1,800

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
Derivatives (Tables)	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Gain (Loss) on Interest Rate Swaps	The following table presents the amounts recorded in the consolidated statements of income and the consolidated statements of comprehensive income relating to the interest rate swaps for the three months ended March 31, 2024. (dollars in thousands) Three Months Ended March 31, 2024 Amount of gain recognized in OCI, net of tax $ 596 Amount of gain reclassified from OCI to interest expense, net of tax 136

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
Borrowings (Tables)	Mar. 31, 2024
Debt Disclosure [Abstract]
Summary of Other Borrowed Money	The following table presents information regarding the Company’s outstanding borrowings at March 31, 2024 and December 31, 2023: (dollars in thousands) March 31, 2024 December 31, 2023 Federal Home Loan Bank advances 155,000 175,000 Other borrowings 62,969 63,445 $ 217,969 $ 238,445
Schedule of Aggregate Stated Maturities	The aggregate stated maturities of other borrowed money at March 31, 2024 are as follows: (dollars in thousands) Year Amount 2024 $ 50,000 2025 — 2026 25,000 2027 15,000 2028 65,000 2029 and After 62,969 $ 217,969

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
Earnings Per Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Summary of Earnings Per Share	The following table presents earnings per share for the three months ended March 31, 2024 and 2023. (dollars in thousands, except per share data) Three Months Ended 2024 2023 Numerator Net income available to common stockholders $ 5,333 $ 5,043 Denominator Weighted average number of common shares Outstanding for basic earnings per common share 17,560,210 17,595,688 Weighted-average number of shares outstanding for diluted earnings per common share 17,560,210 17,595,688 Earnings per share - basic $ 0.30 $ 0.29 Earnings per share - diluted $ 0.30 $ 0.29

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk	At March 31, 2024 and December 31, 2023 the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount (dollars in thousands) March 31, 2024 December 31, 2023 Loan commitments $ 360,642 $ 362,878 Letters of credit 5,223 5,656

Fair Value of Financial Instr_2

Fair Value of Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The carrying amount, estimated fair values, and placement in the fair value hierarchy of the Company’s financial instruments as of March 31, 2024 and December 31, 2023 are as follows: Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level March 31, 2024 Assets Cash and short-term investments $ 94,669 $ 94,669 $ 94,669 $ — $ — Investment securities available for sale 382,953 382,953 — 375,808 7,145 Investment securities held to maturity 447,157 398,852 — 398,852 — Other investments 16,034 16,034 — 16,034 — Loans held for sale 31,102 31,102 — 31,102 — Loans, net 1,840,361 1,674,467 — — 1,674,467 Derivative instruments 361 361 — 361 — Liabilities Deposits 2,522,748 2,516,381 — 2,516,381 — Federal Home Loan Bank advances 155,000 157,599 — 157,599 — Other borrowings 62,969 50,078 — 50,078 — Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level December 31, 2023 Assets Cash and short-term investments $ 83,322 $ 83,322 $ 83,322 $ — $ — Investment securities available for sale 407,382 407,382 — 396,568 10,814 Investment securities held to maturity 449,031 405,576 — 405,576 — Other investments 16,868 16,868 — 16,868 — Loans held for sale 27,958 27,958 — 27,958 — Loans, net 1,865,099 1,699,870 — — 1,699,870 Liabilities Deposits 2,544,790 2,538,477 — 2,538,477 — Federal Home Loan Bank advances 175,000 176,022 — 176,022 — Other borrowings 63,445 51,056 — 51,056 — Derivative instruments 438 438 — 438 —
Fair Value Measurements, Recurring and Nonrecurring	The following tables present the recorded amount of the Company’s assets measured at fair value on a recurring and nonrecurring basis as of March 31, 2024 and December 31, 2023, aggregated by the level in the fair value hierarchy within which those measurements fall. The tables below include collateral dependent impaired loans and other real estate properties at March 31, 2024 and December 31, 2023. Those collateral dependent 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 Value (Level 1) (Level 2) (Level 3) March 31, 2024 Nonrecurring Collateral dependent loans $ 1,768 $ — $ — $ 1,768 Other real estate owned 562 — — 562 Total nonrecurring assets $ 2,330 $ — $ — $ 2,330 Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair (Level 1) (Level 2) (Level 3) December 31, 2023 Nonrecurring Collateral dependent loans $ 1,410 $ — $ — $ 1,410 Other real estate owned 448 — — 448 Total nonrecurring assets $ 1,858 $ — $ — $ 1,858
Fair Value Measurement Inputs and Valuation Techniques	The following table presents quantitative information about the significant unobservable inputs used in the fair value measurements for assets in level 3 of the fair value hierarchy measured on a nonrecurring basis at March 31, 2024 and December 31, 2023. This table is comprised primarily of collateral dependent impaired loans and other real estate owned: (dollars in thousands) March 31, 2024 Valuation Unobservable Range Collateral dependent loans $ 1,768 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell — % 50 % Other real estate owned 562 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell — % 20 % (dollars in thousands) December 31, 2023 Valuation Unobservable Range Collateral dependent loans $ 1,410 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 25 % 50 % Other real estate owned 448 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell — % 20 % The following table presents quantitative information about recurring level 3 fair value measurements as of March 31, 2024 and December 31, 2023. As of March 31, 2024 (dollars in thousands) Fair Value Valuation Unobservable Range Available for sale securities $ 7,145 Discounted Cash Flow Discount Rate or Yield N/A* As of December 31, 2023 (dollars in thousands) Fair Value Valuation Unobservable Range Available for sale securities $ 10,814 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.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The table below presents a reconciliation and statement of income classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (level 3) for the three months ended March 31, 2024. Three Months Ended March 31, 2024 (dollars in thousands) Available for sale securities Balance, Beginning $ 10,814 Redemptions/Payments (2,913) Fair value adjustments 1,669 Transfers between levels (2,425) Balance, Ending $ 7,145

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following tables present information reported internally for performance assessment for the three months ended March 31, 2024 and 2023: (dollars in thousands) Bank Mortgage Small Totals Three Months Ended March 31, 2024 Net Interest Income $ 17,552 $ 40 $ 1,062 $ 18,654 Provision for Credit Losses 455 — 545 1,000 Noninterest Income 5,680 1,165 2,642 9,487 Noninterest Expenses 17,129 1,218 2,050 20,397 Income Taxes 1,166 1 244 1,411 Segment Profit $ 4,482 $ (14) $ 865 $ 5,333 Segments Assets at March 31, 2024 $ 2,910,102 $ 8,011 $ 97,396 $ 3,015,509 Full time employees at March 31, 2024 377 43 31 451 (dollars in thousands) Bank Mortgage Small Totals Three Months Ended March 31, 2023 Net Interest Income $ 20,138 $ 3 $ 427 $ 20,568 Provision for Credit Losses 900 — — 900 Noninterest Income 4,918 1,277 1,464 7,659 Noninterest Expenses 17,812 1,712 1,641 21,165 Income Taxes 1,155 (86) 50 1,119 Segment Profit $ 5,189 $ (346) $ 200 $ 5,043 Segments Assets at December 31, 2023 $ 2,956,121 $ 7,890 $ 89,411 $ 3,053,422 Full time employees at March 31, 2023 407 59 30 496

Regulatory Capital Matters (Tab

Regulatory Capital Matters (Tables)	3 Months Ended
Regulatory Capital Matters (Tables)	Mar. 31, 2024
Banking And Thrift Disclosure [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The following tables summarize regulatory capital information as of March 31, 2024 and December 31, 2023 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for March 31, 2024 and December 31, 2023 were calculated in accordance with the Basel III rules. (dollars in thousands) Actual For Capital To Be Well Amount Ratio Amount Ratio Amount Ratio As of March 31, 2024 Total Capital to Risk-Weighted Assets Consolidated $ 337,131 15.79 % $ 170,807 8.00 % $ 213,509 10.00 % Colony Bank 304,814 14.31 170,406 8.00 213,008 10.00 Tier 1 Capital to Risk-Weighted Assets Consolidated 278,310 13.04 128,057 6.00 170,742 8.00 Colony Bank 284,732 13.37 127,778 6.00 170,371 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 254,081 11.90 96,081 4.50 138,784 6.50 Colony Bank 284,732 13.37 95,834 4.50 138,426 6.50 Tier 1 Capital to Average Assets Consolidated 278,310 9.19 121,136 4.00 151,420 5.00 Colony Bank 284,732 9.43 120,777 4.00 150,971 5.00 (dollars in thousands) Actual For Capital To Be Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2023 Total Capital to Risk-Weighted Assets Consolidated $ 337,159 15.47 % $ 174,355 8.00 % $ 217,944 10.00 % Colony Bank 300,497 13.85 173,572 8.00 216,965 10.00 Tier 1 Capital to Risk-Weighted Assets Consolidated 278,196 12.77 130,711 6.00 174,281 8.00 Colony Bank 280,751 12.94 130,178 6.00 173,571 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 253,967 11.66 98,015 4.50 141,577 6.50 Colony Bank 280,751 12.94 97,634 4.50 141,026 6.50 Tier 1 Capital to Average Assets Consolidated 278,196 9.17 121,350 4.00 151,688 5.00 Colony Bank 280,751 9.28 121,013 4.00 151,267 5.00

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	3 Months Ended
Summary of Significant Accounting Policies (Details)	Mar. 31, 2024
Accounting Policies [Abstract]
Percentage of loan portfolio concentrated in loans secured by real estate	84%

Investment Securities - Schedul

Investment Securities - Schedule of Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Securities Available for Sale:
Amortized Cost	$ 431,138	$ 455,294
Gross Unrealized Gains	172	58
Gross Unrealized Losses	(48,357)	(47,970)
Fair Value	382,953	407,382
Securities Held to Maturity:
Amortized Cost	447,157	449,031
Gross Unrealized Gains	175	356
Gross Unrealized Losses	(48,480)	(43,811)
Fair Value	398,852	405,576
U.S. treasury securities
Securities Available for Sale:
Amortized Cost	2,296	500
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(11)	(2)
Fair Value	2,285	498
Securities Held to Maturity:
Amortized Cost	93,728	93,306
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(3,995)	(3,212)
Fair Value	89,733	90,094
U.S. agency securities
Securities Available for Sale:
Amortized Cost	4,433	4,500
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(394)	(361)
Fair Value	4,039	4,139
Securities Held to Maturity:
Amortized Cost	16,250	16,282
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,502)	(1,424)
Fair Value	14,748	14,858
Asset backed securities
Securities Available for Sale:
Amortized Cost	21,526	25,035
Gross Unrealized Gains	14	0
Gross Unrealized Losses	(268)	(405)
Fair Value	21,272	24,630
State, county & municipal securities
Securities Available for Sale:
Amortized Cost	123,045	124,524
Gross Unrealized Gains	0	6
Gross Unrealized Losses	(15,986)	(15,494)
Fair Value	107,059	109,036
Securities Held to Maturity:
Amortized Cost	136,816	136,685
Gross Unrealized Gains	175	356
Gross Unrealized Losses	(14,727)	(13,859)
Fair Value	122,264	123,182
Corporate debt securities
Securities Available for Sale:
Amortized Cost	53,343	53,834
Gross Unrealized Gains	0	16
Gross Unrealized Losses	(6,535)	(6,460)
Fair Value	46,808	47,390
Mortgage-backed securities
Securities Available for Sale:
Amortized Cost	226,495	246,901
Gross Unrealized Gains	158	36
Gross Unrealized Losses	(25,163)	(25,248)
Fair Value	201,490	221,689
Securities Held to Maturity:
Amortized Cost	200,363	202,758
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(28,256)	(25,316)
Fair Value	$ 172,107	$ 177,442

Investment Securities - Narrati

Investment Securities - Narrative (Details)	3 Months Ended
Investment Securities - Narrative (Details)	Mar. 31, 2024 USD ($) security	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, accrued interest receivable	$ 2,100,000		$ 2,400,000
Held-to-maturity securities, accrued interest receivable	$ 2,000,000		$ 1,900,000
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other assets		Other assets
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other assets		Other assets
Proceeds from sales of investment securities, available-for-sale	$ 8,555,000	$ 0
Gross realized losses on securities	$ 555,000
Number of available for sale securities that have unrealized losses \| security	261
Number of held to maturity securities that have unrealized losses \| security	150
Allowance for credit loss	$ 18,657,000	$ 16,599,000	$ 18,371,000	$ 16,128,000
Investment Securities
Debt Securities, Available-for-sale [Line Items]
Allowance for credit loss	0
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Investment securities pledged as collateral	$ 341,800,000		$ 429,900,000

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Due in one year or less	$ 2,511
Due after one year through five years	18,090
Due after five years through ten years	97,783
Due after ten years	86,259
Total amortized cost	204,643
Mortgage-backed securities	226,495
Amortized Cost	431,138	$ 455,294
Fair Value
Due in one year or less	2,500
Due after one year through five years	16,800
Due after five years through ten years	84,148
Due after ten years	78,015
Total fair value	181,463
Mortgage-backed securities	201,490
Fair value	382,953	407,382
Amortized Cost
Due in one year or less	9,823
Due after one year through five years	93,608
Due after five years through ten years	72,591
Due after ten years	70,772
Total amortized cost	246,794
Mortgage-backed securities	200,363
Amortized Cost	447,157	449,031
Fair Value
Due in one year or less	9,679
Due after one year through five years	89,399
Due after five years through ten years	64,113
Due after ten years	63,554
Total fair value	226,745
Mortgage-backed securities	172,107
Fair value	$ 398,852	$ 405,576

Investment Securities - Availab

Investment Securities - Available for Sale Securities Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value
Less Than 12 Months	$ 8,400	$ 14,596
12 Months or Greater	361,939	387,424
Total	370,339	402,020
Gross Unrealized Losses
Less Than 12 Months	(313)	(367)
12 Months or Greater	(48,044)	(47,603)
Total	(48,357)	(47,970)
U.S. treasury securities
Fair Value
Less Than 12 Months	2,285	0
12 Months or Greater	0	498
Total	2,285	498
Gross Unrealized Losses
Less Than 12 Months	(11)	0
12 Months or Greater	0	(2)
Total	(11)	(2)
U.S. agency securities
Fair Value
Less Than 12 Months	0	0
12 Months or Greater	4,039	4,139
Total	4,039	4,139
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Greater	(394)	(361)
Total	(394)	(361)
Asset backed securities
Fair Value
Less Than 12 Months	4,285	6,196
12 Months or Greater	13,107	17,424
Total	17,392	23,620
Gross Unrealized Losses
Less Than 12 Months	(16)	(75)
12 Months or Greater	(252)	(330)
Total	(268)	(405)
State, county & municipal securities
Fair Value
Less Than 12 Months	1,570	1,033
12 Months or Greater	105,239	107,443
Total	106,809	108,476
Gross Unrealized Losses
Less Than 12 Months	(146)	(138)
12 Months or Greater	(15,840)	(15,356)
Total	(15,986)	(15,494)
Corporate debt securities
Fair Value
Less Than 12 Months	260	1,446
12 Months or Greater	46,548	45,044
Total	46,808	46,490
Gross Unrealized Losses
Less Than 12 Months	(140)	(105)
12 Months or Greater	(6,395)	(6,355)
Total	(6,535)	(6,460)
Mortgage-backed securities
Fair Value
Less Than 12 Months	0	5,921
12 Months or Greater	193,006	212,876
Total	193,006	218,797
Gross Unrealized Losses
Less Than 12 Months	0	(49)
12 Months or Greater	(25,163)	(25,199)
Total	$ (25,163)	$ (25,248)

Investment Securities - Held to

Investment Securities - Held to Maturity Continuous Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value
Less Than 12 Months	$ 5,756	$ 1,461
12 Months or Greater	380,859	385,894
Total	386,615	387,355
Gross Unrealized Losses
Less Than 12 Months	(41)	(78)
12 Months or Greater	(48,439)	(43,733)
Total	(48,480)	(43,811)
U.S. treasury securities
Fair Value
Less Than 12 Months	0	0
12 Months or Greater	89,733	90,094
Total	89,733	90,094
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Greater	(3,995)	(3,212)
Total	(3,995)	(3,212)
U.S. agency securities
Fair Value
Less Than 12 Months	0	0
12 Months or Greater	14,748	14,858
Total	14,748	14,858
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Greater	(1,502)	(1,424)
Total	(1,502)	(1,424)
State, county & municipal securities
Fair Value
Less Than 12 Months	5,756	1,461
12 Months or Greater	104,271	103,500
Total	110,027	104,961
Gross Unrealized Losses
Less Than 12 Months	(41)	(78)
12 Months or Greater	(14,686)	(13,781)
Total	(14,727)	(13,859)
Mortgage-backed securities
Fair Value
Less Than 12 Months	0	0
12 Months or Greater	172,107	177,442
Total	172,107	177,442
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Greater	(28,256)	(25,316)
Total	$ (28,256)	$ (25,316)

Loans - Loans Segregated by Cla

Loans - Loans Segregated by Class (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	$ 1,859,018	$ 1,883,470
Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	94,598	86,765
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	1,205,205	1,221,521
Commercial real estate \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	55,054	47,879
Commercial real estate \| Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	234,000	247,146
Commercial real estate \| Construction, land & land development \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	6,658	7,027
Commercial real estate \| Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	971,205	974,375
Commercial real estate \| Other commercial real estate \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	48,396	40,852
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	347,277	356,234
Residential real estate \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	9,272	12,170
Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	239,837	242,756
Commercial, financial & agricultural \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	30,272	26,716
Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	66,699	62,959
Consumer and other \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	$ 0	$ 0

Loans - Narrative (Details)

Loans - Narrative (Details) $ in Thousands	3 Months Ended		12 Months Ended
Loans - Narrative (Details) $ in Thousands	Mar. 31, 2024 USD ($) modified_loan loan	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) loan
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Accrued interest receivable for loans \| $	$ 8,800		$ 8,800
Outstanding balance of high risk loans, minimum \| $	500
Interest income \| $	$ 55	$ 154
Loan contracts restructured \| modified_loan	3
Number of loans that subsequently defaulted \| loan	0		0
Commercial, financial & agricultural \| Term Extension and Payment Delay
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Term extension from modification	5 years
Commercial real estate \| Term Extension
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan contracts restructured \| modified_loan	2
Term extension from modification	1 year
Commercial real estate \| Term Extension and Payment Delay
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan contracts restructured \| modified_loan	1

Loans - Loan Portfolio by Credi

Loans - Loan Portfolio by Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
2024	$ 67,599	$ 380,926
2023, current period gross write-offs	0	412
2023	344,580	617,018
2022, current period gross write-offs	168	672
2022	596,940	309,936
2021, current period gross write-offs	502	513
2021	298,136	133,315
2020, current period gross write-offs	178	202
2020	125,816	101,724
2019, current period gross write-offs	0	9
Prior	311,677	227,993
Prior, current period gross write-offs	20	136
Revolvers	111,058	110,019
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	3,212	2,539
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	1,859,018	1,883,470
Loans, current period gross write-offs	868	1,944
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	1,205,205	1,221,521
Commercial real estate \| Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
2024	13,992	113,379
2023, current period gross write-offs	0	0
2023	97,831	92,869
2022, current period gross write-offs	0	0
2022	82,713	27,361
2021, current period gross write-offs	0	0
2021	28,149	5,654
2020, current period gross write-offs	0	0
2020	4,352	1,020
2019, current period gross write-offs	0	0
Prior	6,563	5,945
Prior, current period gross write-offs	0	0
Revolvers	369	887
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	31	31
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	234,000	247,146
Loans, current period gross write-offs	0	0
Commercial real estate \| Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2024	6,662	64,194
2023, current period gross write-offs	0	0
2023	79,786	347,522
2022, current period gross write-offs	0	0
2022	345,659	205,122
2021, current period gross write-offs	0	69
2021	198,180	90,742
2020, current period gross write-offs	0	0
2020	86,872	85,342
2019, current period gross write-offs	0	0
Prior	228,786	154,463
Prior, current period gross write-offs	20	0
Revolvers	22,762	24,911
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	2,498	2,079
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	971,205	974,375
Loans, current period gross write-offs	20	69
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
2024	6,983	78,944
2023, current period gross write-offs	0	253
2023	73,995	118,339
2022, current period gross write-offs	0	492
2022	115,771	51,380
2021, current period gross write-offs	70	26
2021	50,223	22,238
2020, current period gross write-offs	0	0
2020	21,201	9,461
2019, current period gross write-offs	0	0
Prior	56,712	52,460
Prior, current period gross write-offs	0	0
Revolvers	22,294	23,312
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	98	100
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	347,277	356,234
Loans, current period gross write-offs	70	771
Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
2024	18,071	71,170
2023, current period gross write-offs	0	150
2023	56,485	54,205
2022, current period gross write-offs	52	168
2022	49,349	24,028
2021, current period gross write-offs	428	408
2021	19,830	13,424
2020, current period gross write-offs	178	200
2020	12,390	4,947
2019, current period gross write-offs	0	9
Prior	17,965	14,207
Prior, current period gross write-offs	0	134
Revolvers	65,173	60,447
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	574	328
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	239,837	242,756
Loans, current period gross write-offs	658	1,069
Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
2024	21,891	53,239
2023, current period gross write-offs	0	9
2023	36,483	4,083
2022, current period gross write-offs	116	12
2022	3,448	2,045
2021, current period gross write-offs	4	10
2021	1,754	1,257
2020, current period gross write-offs	0	2
2020	1,001	954
2019, current period gross write-offs	0	0
Prior	1,651	918
Prior, current period gross write-offs	0	2
Revolvers	460	462
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	11	1
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	66,699	62,959
Loans, current period gross write-offs	120	35
Pass
Loans and Leases Receivable Disclosure [Line Items]
2024	67,269	372,428
2023	339,374	605,801
2022	582,990	306,140
2021	294,476	129,904
2020	122,058	94,292
Prior	287,213	209,087
Revolvers	107,745	106,474
Revolvers converted to term loans	2,828	2,469
Loans, net of unearned income	1,803,953	1,826,595
Pass \| Commercial real estate \| Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
2024	13,992	112,587
2023	97,191	91,981
2022	82,284	27,332
2021	28,121	5,654
2020	4,352	1,000
Prior	6,398	5,765
Revolvers	89	605
Revolvers converted to term loans	31	31
Loans, net of unearned income	232,458	244,955
Pass \| Commercial real estate \| Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2024	6,359	61,816
2023	76,903	341,656
2022	336,599	204,145
2021	197,131	88,629
2020	84,422	79,123
Prior	214,138	145,374
Revolvers	21,999	24,158
Revolvers converted to term loans	2,154	2,031
Loans, net of unearned income	939,705	946,932
Pass \| Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
2024	6,967	78,088
2023	73,145	116,704
2022	113,983	50,986
2021	49,805	21,892
2020	20,828	8,510
Prior	47,464	43,038
Revolvers	21,938	22,642
Revolvers converted to term loans	98	100
Loans, net of unearned income	334,228	341,960
Pass \| Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
2024	18,071	66,820
2023	55,857	51,439
2022	46,732	21,673
2021	17,713	12,489
2020	11,469	4,734
Prior	17,594	14,002
Revolvers	63,259	58,607
Revolvers converted to term loans	534	306
Loans, net of unearned income	231,229	230,070
Pass \| Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
2024	21,880	53,117
2023	36,278	4,021
2022	3,392	2,004
2021	1,706	1,240
2020	987	925
Prior	1,619	908
Revolvers	460	462
Revolvers converted to term loans	11	1
Loans, net of unearned income	66,333	62,678
Special Mention
Loans and Leases Receivable Disclosure [Line Items]
2024	319	5,988
2023	2,101	4,653
2022	4,592	1,215
2021	861	2,920
2020	2,915	6,625
Prior	15,803	9,451
Revolvers	2,164	2,225
Revolvers converted to term loans	344	48
Loans, net of unearned income	29,099	33,125
Special Mention \| Commercial real estate \| Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
2024	0	792
2023	640	0
2022	0	25
2021	24	0
2020	0	0
Prior	25	29
Revolvers	280	282
Revolvers converted to term loans	0	0
Loans, net of unearned income	969	1,128
Special Mention \| Commercial real estate \| Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2024	303	75
2023	76	3,251
2022	3,458	766
2021	484	2,113
2020	2,094	5,733
Prior	10,267	4,694
Revolvers	554	545
Revolvers converted to term loans	344	48
Loans, net of unearned income	17,580	17,225
Special Mention \| Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
2024	16	856
2023	850	466
2022	517	10
2021	43	50
2020	92	679
Prior	5,310	4,687
Revolvers	326	424
Revolvers converted to term loans	0	0
Loans, net of unearned income	7,154	7,172
Special Mention \| Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
2024	0	4,186
2023	364	894
2022	579	376
2021	277	745
2020	719	188
Prior	180	40
Revolvers	1,004	974
Revolvers converted to term loans	0	0
Loans, net of unearned income	3,123	7,403
Special Mention \| Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
2024	0	79
2023	171	42
2022	38	38
2021	33	12
2020	10	25
Prior	21	1
Revolvers	0	0
Revolvers converted to term loans	0	0
Loans, net of unearned income	273	197
Substandard
Loans and Leases Receivable Disclosure [Line Items]
2024	11	2,510
2023	3,105	6,564
2022	9,358	2,581
2021	2,799	491
2020	843	807
Prior	8,661	9,455
Revolvers	1,149	1,320
Revolvers converted to term loans	40	22
Loans, net of unearned income	25,966	23,750
Substandard \| Commercial real estate \| Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
2024	0	0
2023	0	888
2022	429	4
2021	4	0
2020	0	20
Prior	140	151
Revolvers	0	0
Revolvers converted to term loans	0	0
Loans, net of unearned income	573	1,063
Substandard \| Commercial real estate \| Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
2024	0	2,303
2023	2,807	2,615
2022	5,602	211
2021	565	0
2020	356	486
Prior	4,381	4,395
Revolvers	209	208
Revolvers converted to term loans	0	0
Loans, net of unearned income	13,920	10,218
Substandard \| Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
2024	0	0
2023	0	1,169
2022	1,271	384
2021	375	296
2020	281	272
Prior	3,938	4,735
Revolvers	30	246
Revolvers converted to term loans	0	0
Loans, net of unearned income	5,895	7,102
Substandard \| Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
2024	0	164
2023	264	1,872
2022	2,038	1,979
2021	1,840	190
2020	202	25
Prior	191	165
Revolvers	910	866
Revolvers converted to term loans	40	22
Loans, net of unearned income	5,485	5,283
Substandard \| Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
2024	11	43
2023	34	20
2022	18	3
2021	15	5
2020	4	4
Prior	11	9
Revolvers	0	0
Revolvers converted to term loans	0	0
Loans, net of unearned income	$ 93	$ 84

Loans - Age Analysis of Past Du

Loans - Age Analysis of Past Due Loans and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 1,859,018	$ 1,883,470
Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,859,018	1,883,470
Nonaccrual Loans	6,431	9,839
30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	5,729	6,069
90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	370
Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	5,729	6,439
Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,846,858	1,867,192
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,205,205	1,221,521
Commercial real estate \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,205,205	1,221,521
Nonaccrual Loans	2,061	4,304
Commercial real estate \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,712	2,608
Commercial real estate \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Commercial real estate \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,712	2,608
Commercial real estate \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,200,432	1,214,609
Commercial real estate \| Construction, land & land development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	234,000	247,146
Commercial real estate \| Construction, land & land development \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	234,000	247,146
Nonaccrual Loans	56	85
Commercial real estate \| Construction, land & land development \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	71	812
Commercial real estate \| Construction, land & land development \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Commercial real estate \| Construction, land & land development \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	71	812
Commercial real estate \| Construction, land & land development \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	233,873	246,249
Commercial real estate \| Other commercial real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	971,205	974,375
Commercial real estate \| Other commercial real estate \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	971,205	974,375
Nonaccrual Loans	2,005	4,219
Commercial real estate \| Other commercial real estate \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,641	1,796
Commercial real estate \| Other commercial real estate \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Commercial real estate \| Other commercial real estate \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,641	1,796
Commercial real estate \| Other commercial real estate \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	966,559	968,360
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	347,277	356,234
Residential real estate \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	347,277	356,234
Nonaccrual Loans	2,148	3,561
Residential real estate \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,310	2,503
Residential real estate \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	350
Residential real estate \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,310	2,853
Residential real estate \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	342,819	349,820
Commercial, financial & agricultural
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	239,837	242,756
Commercial, financial & agricultural \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	239,837	242,756
Nonaccrual Loans	2,190	1,956
Commercial, financial & agricultural \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	578	775
Commercial, financial & agricultural \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Commercial, financial & agricultural \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	578	775
Commercial, financial & agricultural \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	237,069	240,025
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	66,699	62,959
Consumer and other \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	66,699	62,959
Nonaccrual Loans	32	18
Consumer and other \| 30-89 Days Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	129	183
Consumer and other \| 90 Days or More Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	20
Consumer and other \| Total Accruing Loans Past Due \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	129	203
Consumer and other \| Current Loans \| Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 66,538	$ 62,738

Loans - Nonaccrual Loans (Detai

Loans - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	$ 29	$ 3,558
Nonaccrual Loans with a Related ACL	6,402	6,281
Total Nonaccrual Loans	6,431	9,839
Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	29	2,833
Nonaccrual Loans with a Related ACL	2,032	1,471
Total Nonaccrual Loans	2,061	4,304
Commercial real estate \| Construction, land & land development
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	0	27
Nonaccrual Loans with a Related ACL	56	58
Total Nonaccrual Loans	56	85
Commercial real estate \| Other commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	29	2,806
Nonaccrual Loans with a Related ACL	1,976	1,413
Total Nonaccrual Loans	2,005	4,219
Residential real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	0	725
Nonaccrual Loans with a Related ACL	2,148	2,836
Total Nonaccrual Loans	2,148	3,561
Commercial, financial & agricultural
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	0	0
Nonaccrual Loans with a Related ACL	2,190	1,956
Total Nonaccrual Loans	2,190	1,956
Consumer and other
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	0	0
Nonaccrual Loans with a Related ACL	32	18
Total Nonaccrual Loans	$ 32	$ 18

Loans - Summary of Loans Modifi

Loans - Summary of Loans Modified Due to Financial Difficulty (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	$ 317
Term Extension
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	131
Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	186
Commercial real estate
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	275
Commercial real estate \| Term Extension
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	131
Commercial real estate \| Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	144
Commercial, financial & agricultural
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	42
Commercial, financial & agricultural \| Term Extension
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	0
Commercial, financial & agricultural \| Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Loans modified due to financial difficulty	$ 42

Allowance for Credit Losses - S

Allowance for Credit Losses - Segregated by Class of Loan (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 18,371	$ 16,128
Charge-Offs	(868)	(276)
Recoveries	204	39
Provision for credit losses on loans	950	761
Ending balance	18,657	16,599
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		(53)
Commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	9,268	10,845
Charge-Offs	(20)	0
Recoveries	10	17
Provision for credit losses on loans	177	84
Ending balance	9,435	10,464
Commercial real estate \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		(482)
Commercial real estate \| Construction, land & land development
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,204	1,959
Charge-Offs	0	0
Recoveries	1	3
Provision for credit losses on loans	(159)	232
Ending balance	2,046	2,342
Commercial real estate \| Construction, land & land development \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		148
Commercial real estate \| Other commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	7,064	8,886
Charge-Offs	(20)	0
Recoveries	9	14
Provision for credit losses on loans	336	(148)
Ending balance	7,389	8,122
Commercial real estate \| Other commercial real estate \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		(630)
Residential real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	5,105	2,354
Charge-Offs	(70)	0
Recoveries	168	11
Provision for credit losses on loans	124	694
Ending balance	5,327	4,112
Residential real estate \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		1,053
Commercial, financial & agricultural
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,110	2,709
Charge-Offs	(658)	(273)
Recoveries	22	7
Provision for credit losses on loans	546	(96)
Ending balance	2,020	1,657
Commercial, financial & agricultural \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		(690)
Consumer and other
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,888	220
Charge-Offs	(120)	(3)
Recoveries	4	4
Provision for credit losses on loans	103	79
Ending balance	$ 1,875	366
Consumer and other \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		$ 66

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Receivables [Abstract]
Supportable forecast period	1 year
Outstanding balance of high risk loans, minimum	$ 500

Allowance for Credit Losses - U

Allowance for Credit Losses - Unfunded Commitments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 18,371	$ 16,128
Ending balance	18,657	16,599
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		(53)
Unfunded Loan Commitment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,375	0
Change in unfunded commitments	50	139
Ending balance	$ 1,425	1,800
Unfunded Loan Commitment \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		$ 1,661

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) $ in Thousands			3 Months Ended
Derivatives - Narrative (Details) $ in Thousands	Jun. 26, 2023 USD ($)	Jun. 23, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2023 interest_rate_swap
Derivative Instruments, Gain (Loss) [Line Items]
Number of interest rate swaps \| interest_rate_swap					2
Derivative instruments			$ 361,000
Amount of gain reclassified from OCI to interest expense, net of tax			173	$ 0
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain reclassified from OCI to interest expense, net of tax			$ 173
Interest Rate Swap \| Cash Flow Hedging \| Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, term	3 years	5 years
Derivative, notional amount	$ 25,000	$ 25,000

Derivatives - Summary of Gain (

Derivatives - Summary of Gain (Loss) on Interest Rate Swaps (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain reclassified from OCI to interest expense, net of tax	$ 173	$ 0
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain reclassified from OCI to interest expense, net of tax	173
Interest Rate Swap \| Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain recognized in OCI, net of tax	596
Amount of gain reclassified from OCI to interest expense, net of tax	$ 136

Borrowings - Summary of Other B

Borrowings - Summary of Other Borrowed Money (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Federal Home Loan Bank advances	$ 155,000	$ 175,000
Other borrowings	62,969	63,445
Total borrowings	$ 217,969	$ 238,445

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - USD ($)	3 Months Ended
Borrowings - Narrative (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Lendable collateral of loans	$ 230,100,000
Remaining credit available	605,900,000
Subordinated debt	24,200,000	$ 24,200,000
Line of credit, current borrowing capacity	64,500,000
Outstanding balance on line of credit	0
Federal Reserve Bank of Atlanta
Debt Instrument [Line Items]
Line of credit, current borrowing capacity	98,300,000
Outstanding balance on line of credit	$ 0
Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, stated interest rate	5.25%
Long-term debt	$ 38,700,000	$ 39,200,000
Subordinated Debt \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	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
Minimum \| Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Debt instrument, stated interest rate	3.69%
Maximum \| Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Debt instrument, stated interest rate	5.47%

Borrowings - Schedule of Aggreg

Borrowings - Schedule of Aggregate Stated Maturities (Details) - Other borrowings $ in Thousands	Mar. 31, 2024 USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2024	$ 50,000
2025	0
2026	25,000
2027	15,000
2028	65,000
2029 and After	62,969
Long-term debt	$ 217,969

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator
Net income available to common stockholders	$ 5,333	$ 5,043
Weighted average number of common shares
Outstanding for basic earnings per common share (in shares)	17,560,210	17,595,688
Weighted-average number of shares outstanding for diluted earnings per common share (in shares)	17,560,210	17,595,688
Earnings per share - basic (in dollars per share)	$ 0.30	$ 0.29
Earnings per share - diluted (in dollars per share)	$ 0.30	$ 0.29

Commitments and Contingencies -

Commitments and Contingencies - Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other Commitments [Line Items]
Letters of credit	$ 5,223	$ 5,656
Loan Origination Commitments
Other Commitments [Line Items]
Loan commitments	$ 360,642	$ 362,878

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details)	3 Months Ended
Commitments and Contingencies - Narrative (Details)	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Letter of credit, expiration date period	1 year

Fair Value of Financial Instr_3

Fair Value of Financial Instruments and Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Investment securities available for sale, at fair value (amortized cost $431,138 and $455,294, respectively)	$ 382,953	$ 407,382
Investment securities held to maturity	398,852	$ 405,576
Liabilities
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Other liabilities
Carrying Value
Assets
Cash and short-term investments	94,669	$ 83,322
Investment securities available for sale, at fair value (amortized cost $431,138 and $455,294, respectively)	382,953	407,382
Investment securities held to maturity	447,157	449,031
Other investments	16,034	16,868
Loans held for sale	31,102	27,958
Loans, net	1,840,361	1,865,099
Derivative instruments	361
Liabilities
Deposits	2,522,748	2,544,790
Federal Home Loan Bank advances	155,000	175,000
Other borrowings	62,969	63,445
Derivative instruments		438
Estimated Fair Value
Assets
Cash and short-term investments	94,669	83,322
Investment securities available for sale, at fair value (amortized cost $431,138 and $455,294, respectively)	382,953	407,382
Investment securities held to maturity	398,852	405,576
Other investments	16,034	16,868
Loans held for sale	31,102	27,958
Loans, net	1,674,467	1,699,870
Derivative instruments	361
Liabilities
Deposits	2,516,381	2,538,477
Federal Home Loan Bank advances	157,599	176,022
Other borrowings	50,078	51,056
Derivative instruments		438
Estimated Fair Value \| Level 1
Assets
Cash and short-term investments	94,669	83,322
Investment securities available for sale, at fair value (amortized cost $431,138 and $455,294, respectively)	0	0
Investment securities held to maturity	0	0
Other investments	0	0
Loans held for sale	0	0
Loans, net	0	0
Derivative instruments	0
Liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Other borrowings	0	0
Derivative instruments		0
Estimated Fair Value \| Level 2
Assets
Cash and short-term investments	0	0
Investment securities available for sale, at fair value (amortized cost $431,138 and $455,294, respectively)	375,808	396,568
Investment securities held to maturity	398,852	405,576
Other investments	16,034	16,868
Loans held for sale	31,102	27,958
Loans, net	0	0
Derivative instruments	361
Liabilities
Deposits	2,516,381	2,538,477
Federal Home Loan Bank advances	157,599	176,022
Other borrowings	50,078	51,056
Derivative instruments		438
Estimated Fair Value \| Level 3
Assets
Cash and short-term investments	0	0
Investment securities available for sale, at fair value (amortized cost $431,138 and $455,294, respectively)	7,145	10,814
Investment securities held to maturity	0	0
Other investments	0	0
Loans held for sale	0	0
Loans, net	1,674,467	1,699,870
Derivative instruments	0
Liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Other borrowings	$ 0	0
Derivative instruments		$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments and Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair value input, discount amount	10%
Transfers between levels	$ 2,425,000	$ 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) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	$ 1,768	$ 1,410
Other real estate owned	562	448
Total nonrecurring assets	2,330	1,858
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	0	0
Other real estate owned	0	0
Total nonrecurring assets	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	0	0
Other real estate owned	0	0
Total nonrecurring assets	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	1,768	1,410
Other real estate owned	562	448
Total nonrecurring assets	$ 2,330	$ 1,858

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	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	$ 562	$ 448
Investment securities available for sale, at fair value (amortized cost $431,138 and $455,294, respectively)	382,953	407,382
Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent loans	1,768	1,410
Level 3 \| Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent loans	1,768	1,410
Other real estate owned	562	448
Investment securities available for sale, at fair value (amortized cost $431,138 and $455,294, respectively)	$ 7,145	$ 10,814
Level 3 \| Nonrecurring \| Minimum \| Measurement Input, Appraised Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent impaired loans, weighted average discount range	0	0.25
Other real estate owned, weighted average discount range	0	0
Level 3 \| Nonrecurring \| Maximum \| Measurement Input, Appraised Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent impaired loans, weighted average discount range	0.50	0.50
Other real estate owned, weighted average discount range	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 ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning	$ 10,814,000
Redemptions/Payments	(2,913,000)
Fair value adjustments	1,669,000
Transfers between levels	(2,425,000)	$ 0
Balance, Ending	$ 7,145,000

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) employee	Mar. 31, 2023 USD ($) employee	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Net Interest Income	$ 18,654	$ 20,568
Provision for Credit Losses	1,000	900
Noninterest Income	9,487	7,659
Noninterest Expenses	20,397	21,165
Income Taxes	1,411	1,119
Net income	5,333	$ 5,043
Segment assets	$ 3,015,509		$ 3,053,422
Full time employees \| employee	451	496
Bank
Segment Reporting Information [Line Items]
Net Interest Income	$ 17,552	$ 20,138
Provision for Credit Losses	455	900
Noninterest Income	5,680	4,918
Noninterest Expenses	17,129	17,812
Income Taxes	1,166	1,155
Net income	4,482	$ 5,189
Segment assets	$ 2,910,102		2,956,121
Full time employees \| employee	377	407
Mortgage Banking
Segment Reporting Information [Line Items]
Net Interest Income	$ 40	$ 3
Provision for Credit Losses	0	0
Noninterest Income	1,165	1,277
Noninterest Expenses	1,218	1,712
Income Taxes	1	(86)
Net income	(14)	$ (346)
Segment assets	$ 8,011		7,890
Full time employees \| employee	43	59
Small Business Specialty Lending Division
Segment Reporting Information [Line Items]
Net Interest Income	$ 1,062	$ 427
Provision for Credit Losses	545	0
Noninterest Income	2,642	1,464
Noninterest Expenses	2,050	1,641
Income Taxes	244	50
Net income	865	$ 200
Segment assets	$ 97,396		$ 89,411
Full time employees \| employee	31	30

Regulatory Capital Matters (Det

Regulatory Capital Matters (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Total Capital to Risk-Weighted Assets
Actual Amount	$ 337,131	$ 337,159
Actual Ratio	0.1579	0.1547
For Capital Adequacy Purposes, Amount	$ 170,807	$ 174,355
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 213,509	$ 217,944
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.1000
Tier 1 Capital to Risk-Weighted Assets
Actual Amount	$ 278,310	$ 278,196
Actual Ratio	0.1304	0.1277
For Capital Adequacy Purposes, Amount	$ 128,057	$ 130,711
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 170,742	$ 174,281
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	$ 254,081	$ 253,967
Actual Ratio	0.1190	0.1166
For Capital Adequacy Purposes, Amount	$ 96,081	$ 98,015
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 138,784	$ 141,577
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 Capital to Average Assets
Actual Amount	$ 278,310	$ 278,196
Actual Ratio	0.0919	0.0917
For Capital Adequacy Purposes, Amount	$ 121,136	$ 121,350
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 151,420	$ 151,688
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500	0.0500
Colony Bank
Total Capital to Risk-Weighted Assets
Actual Amount	$ 304,814	$ 300,497
Actual Ratio	0.1431	0.1385
For Capital Adequacy Purposes, Amount	$ 170,406	$ 173,572
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 213,008	$ 216,965
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.1000
Tier 1 Capital to Risk-Weighted Assets
Actual Amount	$ 284,732	$ 280,751
Actual Ratio	0.1337	0.1294
For Capital Adequacy Purposes, Amount	$ 127,778	$ 130,178
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 170,371	$ 173,571
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	$ 284,732	$ 280,751
Actual Ratio	0.1337	0.1294
For Capital Adequacy Purposes, Amount	$ 95,834	$ 97,634
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 138,426	$ 141,026
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 Capital to Average Assets
Actual Amount	$ 284,732	$ 280,751
Actual Ratio	0.0943	0.0928
For Capital Adequacy Purposes, Amount	$ 120,777	$ 121,013
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 150,971	$ 151,267
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500	0.0500

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares		3 Months Ended
Subsequent Events (Details) - $ / shares	Apr. 24, 2024	Mar. 31, 2024	Mar. 31, 2023
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)		$ 0.1125	$ 0.1100
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)	$ 0.1125

Uncategorized Items - cban-2024

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]