Colony Bankcorp (CBAN) 10-Q8 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2024	Nov. 06, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 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		17,526,956
Entity Central Index Key	0000711669
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 23,248	$ 25,339
Federal funds sold and interest-bearing deposits in banks	121,605	57,983
Cash and cash equivalents	144,853	83,322
Investment securities available-for-sale, at fair value (amortized cost $406,797 and $455,294, respectively)	370,008	407,382
Investment securities held-to-maturity, at amortized cost (fair value $406,182 and $405,576, respectively)	440,706	449,031
Other investments	17,712	16,868
Loans held for sale	27,760	27,958
Loans, net of unearned income	1,886,037	1,883,470
Allowance for credit losses	(19,663)	(18,371)
Loans, net	1,866,374	1,865,099
Premises and equipment	37,983	39,870
Other real estate owned	227	448
Goodwill	48,923	48,923
Other intangible assets	3,249	4,192
Bank-owned life insurance	57,556	56,925
Deferred income taxes, net	21,166	25,405
Other assets	28,586	27,999
Total assets	3,065,103	3,053,422
Deposits
Noninterest-bearing	439,892	498,992
Interest-bearing	2,085,078	2,045,798
Total deposits	2,524,970	2,544,790
Federal Home Loan Bank advances	185,000	175,000
Other borrowings	63,016	63,445
Other liabilities	16,065	15,252
Total liabilities	2,789,051	2,798,487
Stockholders' equity:
Preferred stock, stated value $1,000; 10,000,000 shares authorized, none issued or outstanding as of September 30, 2024 and December 31, 2023, respectively	0	0
Common stock, par value $1.00 per share; 50,000,000 shares authorized, 17,554,884 and 17,564,182 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	17,555	17,564
Paid in capital	168,599	168,614
Retained earnings	134,910	124,400
Accumulated other comprehensive loss, net of tax	(45,012)	(55,643)
Total stockholders' equity	276,052	254,935
Total liabilities and stockholders' equity	$ 3,065,103	$ 3,053,422

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Amortized cost	$ 406,797	$ 455,294
Fair Value	$ 406,182	$ 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)	17,554,884	17,564,182
Common stock, shares outstanding (in shares)	17,554,884	17,564,182

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest income
Loans, including fees	$ 28,501	$ 26,022	$ 83,202	$ 72,242
Investment securities	5,248	5,770	15,816	17,619
Deposits with other banks and short term investments	855	787	2,232	1,852
Total interest income	34,604	32,579	101,250	91,713
Interest expense
Deposits	13,154	10,338	37,351	23,893
Federal funds purchased	0	11	0	146
Federal Home Loan Bank advances	1,913	1,568	5,306	5,140
Other borrowings	996	1,041	2,989	3,164
Total interest expense	16,063	12,958	45,646	32,343
Net interest income	18,541	19,621	55,604	59,370
Provision for credit losses	750	1,000	2,400	2,100
Net interest income after provision for credit losses	17,791	18,621	53,204	57,270
Noninterest income
Gain on sales of SBA loans	2,227	1,268	6,620	3,429
Loss on sales of securities	(454)	0	(1,434)	0
BOLI Income	383	335	1,314	1,024
Insurance commissions	433	509	1,318	1,421
Other	1,117	1,474	3,414	2,986
Total noninterest income	10,082	9,718	29,066	26,329
Noninterest expense
Salaries and employee benefits	12,594	11,973	36,889	37,929
Occupancy and equipment	1,523	1,620	4,505	4,740
Information technology expenses	2,150	2,064	6,487	6,406
Professional fees	748	752	2,286	2,348
Advertising and public relations	965	766	2,892	2,432
Communications	210	224	652	710
Other	2,645	3,482	7,851	8,913
Total noninterest expense	20,835	20,881	61,562	63,478
Income before income taxes	7,038	7,458	20,708	20,121
Income taxes	1,409	1,654	4,272	3,972
Net income	$ 5,629	$ 5,804	$ 16,436	$ 16,149
Earnings per common share:
Basic (in dollars per share)	$ 0.32	$ 0.33	$ 0.94	$ 0.92
Diluted (in dollars per share)	0.32	0.33	0.94	0.92
Dividends declared per share (in dollars per share)	$ 0.1125	$ 0.1100	$ 0.3375	$ 0.3300
Weighted average common shares outstanding:
Basic (in shares)	17,587,902	17,569,493	17,566,452	17,581,817
Diluted (in shares)	17,587,902	17,569,493	17,566,452	17,581,817
Service charges on deposits
Noninterest income
Noninterest income	$ 2,401	$ 2,200	$ 7,062	$ 6,140
Mortgage fee income
Noninterest income
Noninterest income	1,812	1,730	4,503	4,928
Interchange fees
Noninterest income
Noninterest income	$ 2,163	$ 2,202	$ 6,269	$ 6,401

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 5,629	$ 5,804	$ 16,436	$ 16,149
Other comprehensive income (loss):
Net unrealized gains (losses) on securities arising during the period	7,297	(8,166)	8,804	(6,227)
Tax effect	(1,461)	1,811	(1,763)	1,229
Reclassification adjustment for amortization of unrealized holding losses from the transfer of securities from available-for-sale to held-to-maturity	1,152	1,245	3,467	3,661
Tax effect	(231)	(276)	(694)	(723)
Realized losses on sales of available-for-sale securities included in net income	454	0	1,434	0
Tax effect	(91)	0	(287)	0
Unrealized gains on derivative instruments designated as cash flow hedges	1,514	783	137	1,021
Tax effect	(303)	(173)	(27)	(201)
Realized gains on derivative instruments recognized in net income	(199)	(164)	(550)	(173)
Tax effect	40	36	110	34
Total other comprehensive income (loss)	8,172	(4,904)	10,631	(1,379)
Comprehensive income	$ 13,801	$ 900	$ 27,067	$ 14,770

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (unaudited) - 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 income (loss)	(1,379)						(1,379)
Dividends on common shares	(5,792)					(5,792)
Issuance of restricted stock, net of forfeitures (in shares)				36,152
Issuance of restricted stock, net of forfeitures	0			$ 36	(36)
Tax withholding related to vesting of restricted stock (in shares)				(24,811)
Tax withholding related to vesting of restricted stock	(252)			$ (25)	(227)
Repurchase of shares (in shares)				(41,481)
Repurchase of shares	(406)			$ (41)	(365)
Stock-based compensation expense	1,302				1,302
Net income	16,149					16,149
Balance at end of period (in shares) at Sep. 30, 2023				17,567,983
Balance at end of period at Sep. 30, 2023	238,692			$ 17,568	168,211	120,732	(67,819)
Balance at beginning of period (in shares) at Jun. 30, 2023				17,541,661
Balance at beginning of period at Jun. 30, 2023	239,455			$ 17,542	167,971	116,857	(62,915)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(4,904)						(4,904)
Dividends on common shares	(1,929)					(1,929)
Issuance of restricted stock, net of forfeitures (in shares)				44,823
Issuance of restricted stock, net of forfeitures	0			$ 45	(45)
Tax withholding related to vesting of restricted stock (in shares)				(18,501)
Tax withholding related to vesting of restricted stock	(174)			$ (19)	(155)
Stock-based compensation expense	440				440
Net income	5,804					5,804
Balance at end of period (in shares) at Sep. 30, 2023				17,567,983
Balance at end of period at Sep. 30, 2023	$ 238,692			$ 17,568	168,211	120,732	(67,819)
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 income (loss)	10,631						10,631
Dividends on common shares	(5,926)					(5,926)
Issuance of restricted stock, net of forfeitures (in shares)				69,597
Issuance of restricted stock, net of forfeitures	0			$ 70	(70)
Tax withholding related to vesting of restricted stock (in shares)				(23,895)
Tax withholding related to vesting of restricted stock	(296)			$ (24)	(272)
Repurchase of shares (in shares)				(55,000)
Repurchase of shares	(765)			$ (55)	(710)
Stock-based compensation expense	1,037				1,037
Net income	$ 16,436					16,436
Balance at end of period (in shares) at Sep. 30, 2024	17,554,884			17,554,884
Balance at end of period at Sep. 30, 2024	$ 276,052			$ 17,555	168,599	134,910	(45,012)
Balance at beginning of period (in shares) at Jun. 30, 2024				17,538,611
Balance at beginning of period at Jun. 30, 2024	264,743			$ 17,539	169,132	131,256	(53,184)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	8,172						8,172
Dividends on common shares	(1,975)					(1,975)
Issuance of restricted stock, net of forfeitures (in shares)				70,191
Issuance of restricted stock, net of forfeitures	0			$ 70	(70)
Tax withholding related to vesting of restricted stock (in shares)				(18,918)
Tax withholding related to vesting of restricted stock	(230)			$ (19)	(211)
Repurchase of shares (in shares)				(35,000)
Repurchase of shares	(526)			$ (35)	(491)
Stock-based compensation expense	239				239
Net income	$ 5,629					5,629
Balance at end of period (in shares) at Sep. 30, 2024	17,554,884			17,554,884
Balance at end of period at Sep. 30, 2024	$ 276,052			$ 17,555	$ 168,599	$ 134,910	$ (45,012)

[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 (unaudited) (Parenthetical)	12 Months Ended
	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating Activities
Net income	$ 16,436	$ 16,149
Adjustments reconciling net income to net cash provided by operating activities:
Provision for credit losses	2,400	2,100
Depreciation, amortization, and accretion	6,122	6,653
Equity method investment gain	(288)	(149)
Share-based compensation expense	1,037	1,302
Net change in servicing asset	(870)	(222)
Loss on sales of securities, available-for-sale	1,434	0
Gain on sales of SBA loans	(6,620)	(3,429)
Gain on sales of other real estate owned	(174)	(13)
Writedown of bank building	197	0
Loss (gain) on sales of premises & equipment	36	(202)
Originations of loans held for sale	(210,814)	(200,638)
Proceeds from sales of loans held for sale	217,632	194,564
Change in bank-owned life insurance	(1,331)	(1,037)
Deferred tax benefit	606	146
Change in other assets	283	(1,868)
Change in other liabilities	558	1,854
Net cash provided by operating activities	26,644	15,210
Investing Activities
Purchases of investment securities, available-for-sale	(31,688)	(3,917)
Proceeds from maturities, calls, and paydowns of investment securities, available-for-sale	51,914	28,591
Proceeds from sales of investment securities, available-for-sale	25,579	0
Proceeds from maturities, calls and paydowns of securities, held-to-maturity	10,026	16,896
Change in loans, net	(4,546)	(129,286)
Purchase of premises and equipment	(518)	(2,984)
Proceeds from sales of premises and equipment	34	433
Proceeds from sales of other real estate owned	1,249	215
Proceeds from bank-owned life insurance	700	0
Redemption of other investments	0	800
Redemption (purchase) of Federal Home Loan Bank Stock	(556)	(4,181)
Net cash provided by (used in) investing activities	52,194	(93,433)
Financing Activities
Change in noninterest-bearing customer deposits	(59,100)	(74,949)
Change in interest-bearing customer deposits	39,280	175,284
Dividends paid for common stock	(5,926)	(5,792)
Repayments on Federal Home Loan Bank Advances	(210,000)	(625,000)
Proceeds from Federal Home Loan Bank Advances	220,000	685,000
Repayments on other borrowings	(20,000)	(270,000)
Proceeds from other borrowings	20,000	255,000
Redemption of subordinated debt	(500)	0
Repurchase of shares	(765)	(406)
Tax withholding related to vesting of restricted stock	(296)	(252)
Net cash provided by (used in) financing activities	(17,307)	138,885
Net increase in cash and cash equivalents	61,531	60,662
Cash and cash equivalents at beginning of period	83,322	80,678
Cash and cash equivalents at end of period	144,853	141,340
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	45,723	30,323
Cash paid during the period for income taxes	4,593	4,000
Noncash Investing and Financing Activities
Transfers to other real estate	$ 854	$ 363

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 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 and nine months ended September 30, 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 September 30, 2024, approximately 83% 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 ("HTM") Securities 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 ("AFS") Securities 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 At the inception of a derivative contract, the Company designates the derivative as one of three types based on the Company's intentions and belief as to likely effectiveness as a hedge. These three types are (1) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability ("cash flow hedge"), (2) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment ("fair value hedge"), or (3) an instrument with no hedging designation ("non-designated derivative"). For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item attributable to the hedged risk, are recognized in current earnings as fair values change. Changes in the fair value of derivatives not designated are reported currently in earnings, as noninterest 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 adopted this ASU with no material impact to its financial statements. 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 amendments in this standard will be effective for the Company for the fiscal year ended December 31, 2024 and subsequent interim periods. 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	9 Months Ended
Investment Securities	Sep. 30, 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) September 30, 2024 Amortized Gross Gross Fair Value Securities Available-for-Sale: U.S. treasury securities $ 1,889 $ — $ (6) $ 1,883 U.S. agency securities 4,171 — (256) 3,915 Asset backed securities 19,851 15 (193) 19,673 State, county & municipal securities 111,265 10 (12,629) 98,646 Corporate debt securities 53,330 — (5,629) 47,701 Mortgage-backed securities 216,291 405 (18,506) 198,190 Total $ 406,797 $ 430 $ (37,219) $ 370,008 September 30, 2024 Amortized Gross Gross Fair Value Securities Held-to-Maturity: U.S. treasury securities $ 94,577 $ — $ (1,846) $ 92,731 U.S. agency securities 16,184 — (1,006) 15,178 State, county & municipal securities 137,066 130 (11,286) 125,910 Mortgage-backed securities 192,879 — (20,516) 172,363 Total $ 440,706 $ 130 $ (34,654) $ 406,182 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 September 30, 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 $1.9 million and $1.9 million, respectively, and is included in the " Other assets The amortized cost and fair value of investment securities as of September 30, 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 $ 3,890 $ 3,863 $ 31,673 $ 31,393 Due after one year through five years 20,256 19,053 77,416 75,467 Due after five years through ten years 96,828 85,350 69,829 63,894 Due after ten years 69,532 63,552 68,909 63,065 $ 190,506 $ 171,818 $ 247,827 $ 233,819 Mortgage-backed securities 216,291 198,190 192,879 172,363 $ 406,797 $ 370,008 $ 440,706 $ 406,182 Proceeds from the sale of investment securities totaled $7.9 million and $25.6 million for the three and nine month periods ended September 30, 2024, respectively, and resulted in gross realized losses of $454,000 and $1,434,000 for each respective period. The purpose of these sales in 2024 was to restructure underperforming assets and reinvest at higher yields. The sales do not impact our ability to hold the remaining available-for-sale securities, and we are not in a position to be required to sell any remaining securities at this time. The Company had no sales of investment securities for the three and nine month periods ended September 30, 2023. Investment securities having a carrying value of approximately $363.4 million and $429.9 million were pledged to secure public deposits and for other purposes as of September 30, 2024 and December 31, 2023, respectively. Information pertaining to available-for-sale securities with gross unrealized losses at September 30, 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 September 30, 2024 U.S. treasury securities $ 1,883 $ (6) $ — $ — $ 1,883 $ (6) U.S. agency securities — — 3,915 (256) 3,915 (256) Asset backed securities 3,805 (19) 11,427 (174) 15,232 (193) State, county & municipal securities 2,054 (278) 95,784 (12,351) 97,838 (12,629) Corporate debt securities 4,515 (641) 43,186 (4,988) 47,701 (5,629) Mortgage-backed securities 4,958 (15) 177,319 (18,491) 182,277 (18,506) $ 17,215 $ (959) $ 331,631 $ (36,260) $ 348,846 $ (37,219) 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 September 30, 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 September 30, 2024 U.S. treasury securities $ — $ — $ 92,731 $ (1,846) $ 92,731 $ (1,846) U.S. agency securities — — 15,178 (1,006) 15,178 (1,006) State, county & municipal securities 2,753 (29) 106,680 (11,257) 109,433 (11,286) Mortgage-backed securities — — 172,363 (20,516) 172,363 (20,516) $ 2,753 $ (29) $ 386,952 $ (34,625) $ 389,705 $ (34,654) 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 as of September 30, 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 September 30, 2024, there were 243 available-for-sale securities and 146 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 and U.S. government agencies and high quality municipalities. Therefore, no allowance for credit losses was recorded as of September 30, 2024. See Note 1 for additional details on the allowance for credit losses as it relates to the securities portfolio.

Loans

Loans	9 Months Ended
Loans	Sep. 30, 2024
Receivables [Abstract]
Loans	Loans The following table presents the composition of loans segregated by class of loans, as of September 30, 2024 and December 31, 2023. (dollars in thousands) September 30, 2024 December 31, 2023 Construction, land & land development $ 196,390 $ 247,146 Other commercial real estate 1,012,466 974,375 Total commercial real estate 1,208,856 1,221,521 Residential real estate 349,777 356,234 Commercial, financial & agricultural 242,389 242,756 Consumer and other 85,015 62,959 Total Loans $ 1,886,037 $ 1,883,470 Included in the above table are government guaranteed loans totaling $98.4 million at September 30, 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) September 30, 2024 December 31, 2023 Construction, land & land development $ 2,489 $ 7,027 Other commercial real estate 54,183 40,852 Total commercial real estate 56,672 47,879 Residential real estate 10,125 12,170 Commercial, financial & agricultural 31,612 26,716 Consumer and other — — Total Loans $ 98,409 $ 86,765 The Company elected to exclude accrued interest receivable from the amortized cost basis of loans disclosed throughout this note. As of September 30, 2024 and December 31, 2023, accrued interest receivable for loans totaled $8.8 million for both periods 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. For commercial loans over $500,000, 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 - Loans 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 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 range. • 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. For smaller commercial loans (under $500,000) and consumer loans, the Company began using behavioral based risk grades during the second quarter of 2024. These loans are assigned risk grades of 98 or 99 based on payment performance with the Company. ◦ Grade 98 - Loans assigned this risk grade indicates a "pass" credit. ◦ Grade 99 - Loans assigned this risk grade indicates a "substandard" credit and is moved to a nonaccrual status. 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 September 30, 2024 and December 31, 2023. Those loans with a risk grade of 1, 2, 3, 4, 5 and 98 have been combined in the pass line for presentation purposes. Loans with a risk grade of 7, 8 and 99 have been combined in the substandard line. There were no loans with a risk rating of "doubtful" or "loss" at September 30, 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 September 30, 2024 Construction, land & land development Risk rating Pass $ 74,340 $ 53,024 $ 33,062 $ 23,203 $ 2,164 $ 5,804 $ 53 $ 323 $ 191,973 Special Mention — 3,717 — — 419 — 281 — 4,417 Substandard — — — — — — — — — Total Construction, land & land development 74,340 56,741 33,062 23,203 2,583 5,804 334 323 196,390 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial real estate Risk rating Pass 40,156 86,804 359,674 188,879 79,073 202,660 20,811 1,618 979,675 Special Mention 1,051 2,023 4,626 173 2,365 7,533 610 1,072 19,453 Substandard 4,187 3,098 3,878 390 355 857 573 — 13,338 Total Other commercial real estate 45,394 91,925 368,178 189,442 81,793 211,050 21,994 2,690 1,012,466 Current period gross write offs — — — — — 20 — — 20 Residential real estate Risk rating Pass 12,225 79,966 114,744 46,641 19,249 47,081 23,550 932 344,388 Special Mention — 1,624 — — — 2,007 204 — 3,835 Substandard — — 548 273 67 666 — — 1,554 Total Residential real estate 12,225 81,590 115,292 46,914 19,316 49,754 23,754 932 349,777 Current period gross write offs — — 340 — — 9 — — 349 Commercial, financial & agricultural Risk rating Pass 39,811 50,615 37,949 14,315 9,686 16,854 62,998 718 232,946 Special Mention — — 2,207 93 168 — 971 — 3,439 Substandard 82 1,538 701 2,895 321 245 126 96 6,004 Total Commercial, financial & agricultural 39,893 52,153 40,857 17,303 10,175 17,099 64,095 814 242,389 Current period gross write offs 45 398 437 188 20 11 — — 1,099 Consumer and other Risk rating Pass 46,650 31,980 2,652 1,209 691 1,357 445 10 84,994 Special Mention — — — — — — — — — Substandard 8 — 10 1 2 — — — 21 Total Consumer and other 46,658 31,980 2,662 1,210 693 1,357 445 10 85,015 Current period gross write offs 67 323 30 — 5 41 — — 466 Total Loans Risk rating Pass 213,182 302,389 548,081 274,247 110,863 273,756 107,857 3,601 1,833,976 Special Mention 1,051 7,364 6,833 266 2,952 9,540 2,066 1,072 31,144 Substandard 4,277 4,636 5,137 3,559 745 1,768 699 96 20,917 Total Loans $ 218,510 $ 314,389 $ 560,051 $ 278,072 $ 114,560 $ 285,064 $ 110,622 $ 4,769 $ 1,886,037 Total current period gross write offs $ 112 $ 721 $ 807 $ 188 $ 25 $ 81 $ — $ — $ 1,934 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 7, 8, 9, 10 or 99 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. The Company had $2.2 million and $1.4 million in collateral-dependent loans at September 30, 2024 and December 31, 2023, respectively. There were no significant changes in the extent to which collateral secures our collateral-dependent loans during the three and nine month periods ended September 30, 2024. The following table presents the aging of the amortized cost basis of loans by aging category and accrual status as of September 30, 2024 and December 31, 2023: (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans September 30, 2024 Construction, land & land development $ 208 $ — $ 208 $ — $ 196,182 $ 196,390 Other commercial real estate 692 — 692 5,380 1,006,394 1,012,466 Total commercial real estate 900 — 900 5,380 1,202,576 1,208,856 Residential real estate 2,003 — 2,003 1,486 346,288 349,777 Commercial, financial & agricultural 660 — 660 5,327 236,402 242,389 Consumer and other 227 44 271 22 84,722 85,015 Total Loans $ 3,790 $ 44 $ 3,834 $ 12,215 $ 1,869,988 $ 1,886,037 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. September 30, 2024 (dollars in thousands) Nonaccrual Loans with No Related ACL Nonaccrual Loans with a Related ACL Total Nonaccrual Loans Construction, land & land development $ — $ — $ — Other commercial real estate — 5,380 5,380 Total commercial real estate — 5,380 5,380 Residential real estate 3 1,483 1,486 Commercial, financial & agricultural 752 4,575 5,327 Consumer and other — 22 22 Total Loans $ 755 $ 11,460 $ 12,215 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 September 30, 2024 and 2023 was $173,000 and $55,000, respectively. Interest income recorded on nonaccrual loans during the nine months ended September 30, 2024 and 2023 was $390,000 and $265,000, 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 tables present loans modified due to a financial difficulty under the above terms during the three and nine month periods ended September 30, 2024. Three months ended September 30, 2024 (dollars in thousands) Term Extension Payment Delay Term Extension and Payment Delay Total* Commercial real estate $ 224 $ — $ — $ 224 Commercial, financial & agricultural — 1,114 558 1,672 Total Loans $ 224 $ 1,114 $ 558 $ 1,896 less than .05% of total class of receivable There were a total of six loans in the above categories for the three months ended September 30, 2024. The commercial real estate category consists of one loan which was given a term extension for 20 years. The commercial, financial & agricultural category consists of five loans, three of which were given payment delays and two SBSL loans which were each given payment delays and term extensions of ten years. Nine months ended September 30, 2024 (dollars in thousands) Term Extension Payment Delay Term Extension and Payment Delay Total Commercial real estate $ 355 $ — $ 144 $ 499 Commercial, financial & agricultural — 1,482 597 2,079 Total Loans $ 355 $ 1,482 $ 741 $ 2,578 *less than .05% of total class of receivable There were a total of ten loans in the above categories for the nine months ended September 30, 2024. The commercial real estate loans consist of three loans, two with a term extension of one year with one of these loans also given a payment delay, and one loan with a term extension of 20 years. There were seven commercial, financial & agricultural loans, four of which had been given a payment delay only and three with both a payment delay and term extensions, one loan for five years and two loans for ten years. The Company had no loans that subsequently defaulted during the three and nine month periods ended September 30, 2024 and for the year ended December 31, 2023.

Allowance for Credit Losses

Allowance for Credit Losses	9 Months Ended
Allowance for Credit Losses	Sep. 30, 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 and nine month periods ended September 30, 2024 and September 30, 2023. (dollars in thousands) Balance, June 30, 2024 Charge-Offs Recoveries Provision for credit losses on loans Balance, September 30, 2024 Three Months Ended September 30, 2024 Construction, land & land development $ 1,295 $ — $ 13 $ (14) $ 1,294 Other commercial real estate 7,396 — 25 (375) 7,046 Total commercial real estate 8,691 — 38 (389) 8,340 Residential real estate 5,990 (9) 45 69 6,095 Commercial, financial & agricultural 2,015 (85) 76 885 2,891 Consumer and other 2,110 (215) 11 431 2,337 Total allowance for credit losses on loans $ 18,806 $ (309) $ 170 $ 996 $ 19,663 (dollars in thousands) Balance, June 30, 2023 Charge-Offs Recoveries Provision for credit losses on loans Balance, September 30, 2023 Three Months Ended September 30, 2023 Construction, land & land development $ 2,281 $ — $ 1 $ (67) $ 2,215 Other commercial real estate 8,733 — 8 (21) 8,720 Total commercial real estate 11,014 — 9 (88) 10,935 Residential real estate 2,642 — 3 128 2,773 Commercial, financial & agricultural 2,984 (714) 13 737 3,020 Consumer and other 426 (14) 5 223 640 Total allowance for loan losses $ 17,066 $ (728) $ 30 $ 1,000 $ 17,368 (dollars in thousands) Balance, December 31, 2023 Charge-Offs Recoveries Provision for credit losses on loans Balance, September 30, 2024 Nine Months Ended September 30, 2024 Construction, land & land development $ 2,204 $ — $ 15 $ (925) 1,294 Other commercial real estate 7,064 (20) 43 (41) 7,046 Total commercial real estate 9,268 (20) 58 (966) 8,340 Residential real estate 5,105 (349) 252 1,087 6,095 Commercial, financial & agricultural 2,110 (1,099) 135 1,745 2,891 Consumer and other 1,888 (466) 19 896 2,337 Total allowance for credit losses on loans $ 18,371 $ (1,934) $ 464 $ 2,762 $ 19,663 (dollars in thousands) Balance December 31, 2021 Charge-Offs Recoveries Provision Balance, September 30, 2022 Nine Months Ended September 30, 2023 Balance December 31, 2022 Adoption of ASU 2016-13 Charge-Offs Recoveries Provision for credit losses on loans Balance, September 30, 2023 Construction, land & land development $ 1,959 $ 148 $ — $ 9 $ 99 $ 2,215 Other commercial real estate 8,886 (630) — 33 431 8,720 Total commercial real estate 10,845 (482) — 42 530 10,935 Residential real estate 2,354 1,053 — 40 (674) 2,773 Commercial, financial & agricultural 2,709 (690) (1,157) 180 1,978 3,020 Consumer and other 220 66 (17) 14 357 640 Total allowance for loan losses $ 16,128 $ (53) $ (1,174) $ 276 $ 2,191 $ 17,368 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 September 30, 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, 8, 9, 10 or 99 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 and nine month periods ended September 30, 2024 and September 30, 2023. Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2024 2023 2024 2023 Beginning balance $ 1,259 $ 1,570 $ 1,375 $ — Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 — — — 1,661 Change in unfunded commitments (246) — (362) (91) Ending balance $ 1,013 $ 1,570 $ 1,013 $ 1,570

Derivatives

Derivatives	9 Months Ended
Derivatives	Sep. 30, 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 Secured Overnight Financing Rate ("SOFR") interest rate risk for its short-term funding over the term of these cash flow hedges. The Company entered into two additional interest rate swaps during the third quarter of 2024, one of which was designated as a cash flow hedge and the other a fair value hedge. Fair value hedging relationships mitigate exposure to the change in fair value of an asset or liability. 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. On September 6, 2024, the Company entered into an interest rate swap with a notional amount totaling $30.0 million with maturity dates ranging from one three The derivatives are recorded in "Other liabilities" on the Company's balance sheet and have a total value of $1.1 million as of September 30, 2024, with $879,000 representing cash flow hedges and $175,000 representing fair value hedges. Gains were recorded on the cash flow hedges, which totaled $199,000 and $550,000 for the three and nine months ended September 30, 2024, respectively, and $164,000 and $173,000 for the three and nine months ended September 30, 2023, as a component of interest expense in the consolidated statements of income. Amounts reported in accumulated OCI related to swaps are reclassified to interest income or expense as interest payments are made on the Bank's fixed rate assets and 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 and nine months ended September 30, 2024 and 2023. Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2024 2023 2024 2023 Cash flow hedging relationships Amount of gain(loss) recognized in OCI, net of tax $ 1,052 $ 482 $ (330) $ 681 Amount of gain reclassified from OCI to interest expense, net of tax 159 128 $ 440 139 Fair value hedging relationships Amount of gain(loss) recognized in OCI, net of tax (130) — $ (130) —

Borrowings

Borrowings	9 Months Ended
Borrowings	Sep. 30, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings The following table presents information regarding the Company’s outstanding borrowings at September 30, 2024 and December 31, 2023: (dollars in thousands) September 30, 2024 December 31, 2023 Federal Home Loan Bank advances 185,000 175,000 Other borrowings 63,016 63,445 $ 248,016 $ 238,445 Advances from the Federal Home Loan Bank (“FHLB”) have maturities ranging from 2024 to 2029 and interest rates ranging from 3.69% to 4.75%. As collateral on the outstanding FHLB advances, the Company has provided a blanket lien on its portfolio of qualifying residential first mortgage loans, commercial real estate loans, farmland loans, multifamily loans and HELOC loans. At September 30, 2024, the lendable collateral value of those loans pledged is $193.1 million. At September 30, 2024, the Company had remaining credit availability from the FHLB of $564.3 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 September 30, 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 bear a fixed rate of 5.25% for the first five years and reset quarterly thereafter to the then current three-month SOFR, 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 September 30, 2024 and December 31, 2023, $38.8 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 September 30, 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 93,016 $ 248,016 The Company also has available federal funds lines of credit with various financial institutions totaling $64.5 million, with no outstanding balance at September 30, 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 September 30, 2024, the Company had $118.8 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	9 Months Ended
Earnings Per Share	Sep. 30, 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 and nine months ended September 30, 2024 and 2023. (dollars in thousands, except per share data) Three Months Ended Nine Months Ended September 30, 2024 2023 2024 2023 Numerator Net income available to common stockholders $ 5,629 $ 5,804 $ 16,436 $ 16,149 Denominator Weighted average number of common shares Outstanding for basic earnings per common share 17,587,902 17,569,493 17,566,452 17,581,817 Weighted-average number of shares outstanding for diluted earnings per common share 17,587,902 17,569,493 17,566,452 17,581,817 Earnings per share - basic $ 0.32 $ 0.33 $ 0.94 $ 0.92 Earnings per share - diluted $ 0.32 $ 0.33 $ 0.94 $ 0.92

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 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 September 30, 2024 and December 31, 2023 the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount (dollars in thousands) September 30, 2024 December 31, 2023 Loan commitments $ 331,920 $ 362,878 Letters of credit 5,045 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 September 30, 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	9 Months Ended
	Sep. 30, 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. Deposits – 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 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 are classified as Level 2 due to their expected maturities. 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. 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 September 30, 2024 and December 31, 2023 are as follows: Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level September 30, 2024 Assets Cash and short-term investments $ 144,853 $ 144,853 $ 144,853 $ — $ — Investment securities available-for-sale 370,008 370,008 — 360,897 9,111 Investment securities held-to-maturity 440,706 406,182 — 406,182 — Other investments 17,712 17,712 — 17,712 — Loans held for sale 27,760 27,760 — 27,760 — Loans, net 1,866,374 1,737,819 — — 1,737,819 Liabilities Deposits 2,524,970 2,522,344 — 2,522,344 — Federal Home Loan Bank advances 185,000 183,569 — 183,569 — Other borrowings 63,016 51,799 — 51,799 — Derivative instruments 1,054 1,054 — 1,054 — 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 and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis – The following tables present the recorded amount of the Company’s assets and liabilities measured at fair value on a recurring and nonrecurring basis as of September 30, 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 September 30, 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) September 30, 2024 Recurring Investment securities available-for-sale U.S. treasury securities $ 1,883 $ — $ 1,883 $ — U.S. agency securities 3,915 — 3,915 — Asset backed securities 19,673 — 19,673 — State, county & municipal securities 98,646 — 98,646 — Corporate debt securities 47,701 — 41,164 6,537 Mortgage-backed securities 198,190 — 195,616 2,574 Total investment securities available-for-sale 370,008 — 360,897 9,111 Loans held for sale 27,760 — 27,760 — Total recurring assets $ 397,768 $ — $ 388,657 $ 9,111 Derivative instruments $ 1,054 $ — $ 1,054 $ — Total recurring liabilities $ 1,054 $ — $ 1,054 $ — Nonrecurring Collateral dependent loans $ 2,181 $ — $ — $ 2,181 Other real estate owned 227 — — 227 Total nonrecurring assets $ 2,408 $ — $ — $ 2,408 Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair (Level 1) (Level 2) (Level 3) December 31, 2023 Recurring Investment securities available-for-sale U.S. treasury securities $ 498 $ — $ 498 $ — U.S. agency securities 4,139 — 4,139 — Asset backed securities 24,630 — 24,630 — State, county & municipal securities 109,036 — 109,036 — Corporate debt securities 47,390 — 40,465 6,925 Mortgage-backed securities 221,689 — 217,800 3,889 Total investment securities available-for-sale 407,382 — 396,568 10,814 Loans held for sale 27,958 — 27,958 — Total recurring assets $ 435,340 $ — $ 424,526 $ 10,814 Derivative instruments $ 438 $ — $ 438 $ — Total recurring liabilities $ 438 $ — $ 438 $ — 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 September 30, 2024 and December 31, 2023. This table is comprised of collateral dependent impaired loans and other real estate owned: (dollars in thousands) September 30, 2024 Valuation Unobservable Discount rate Collateral dependent loans $ 2,181 Appraised Value Discounts to reflect estimated costs to sell 10 % Other real estate owned 227 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 10 % (dollars in thousands) December 31, 2023 Valuation Unobservable Discount rate Collateral dependent loans $ 1,410 Appraised Value Discounts to reflect estimated costs to sell 10 % Other real estate owned 448 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 10 % The following table presents quantitative information about recurring level 3 fair value measurements as of September 30, 2024 and December 31, 2023. As of September 30, 2024 (dollars in thousands) Fair Value Valuation Unobservable Range Available-for-sale securities $ 9,111 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 and nine months ended September 30, 2024. Three Months Ended Nine Months Ended September 30, 2024 September 30, 2024 (dollars in thousands) Available-for-sale securities Available-for-sale securities Balance, Beginning $ 9,373 $ 10,814 Additions — 2,588 Redemptions/Payments (303) (3,554) Fair value adjustments 41 1,688 Transfers between levels — (2,425) Balance, Ending $ 9,111 $ 9,111 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 no transfers between levels for the three month periods ended September 30, 2024 and 2023 and $2.4 million and $380,000 in transfers between levels for the nine month periods ended September 30, 2024 and 2023, respectively.

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 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 and nine months ended September 30, 2024 and 2023: (dollars in thousands) Bank Mortgage Small Totals Three Months Ended September 30, 2024 Net Interest Income $ 17,152 $ 67 $ 1,322 $ 18,541 Provision for Credit Losses 698 — 52 750 Noninterest Income 5,494 1,812 2,776 10,082 Noninterest Expenses 17,075 1,533 2,227 20,835 Income Taxes 1,017 71 321 1,409 Segment Profit $ 3,856 $ 275 $ 1,498 $ 5,629 (dollars in thousands) Bank Mortgage Small Totals Three Months Ended September 30, 2023 Net Interest Income $ 18,778 $ 52 $ 791 $ 19,621 Provision for Credit Losses 286 — 714 1,000 Noninterest Income 6,233 1,725 1,760 9,718 Noninterest Expenses 16,653 2,040 2,188 20,881 Income Taxes 1,777 (53) (70) 1,654 Segment Profit $ 6,295 $ (210) $ (281) $ 5,804 (dollars in thousands) Bank Mortgage Small Totals Nine Months Ended September 30, 2024 Net Interest Income $ 51,921 $ 157 $ 3,526 $ 55,604 Provision for Credit Losses 1,249 — 1,151 2,400 Noninterest Income 16,260 4,433 8,373 29,066 Noninterest Expenses 51,339 4,077 6,146 61,562 Income Taxes 3,243 114 915 4,272 Segment Profit $ 12,350 $ 399 $ 3,687 $ 16,436 Segments Assets at September 30, 2024 $ 2,955,145 $ 9,300 $ 100,658 $ 3,065,103 Full time employees at September 30, 2024 375 44 33 452 (dollars in thousands) Bank Mortgage Small Totals Nine Months Ended September 30, 2023 Net Interest Income $ 57,478 $ 86 $ 1,806 $ 59,370 Provision for Credit Losses 1,246 — 854 2,100 Noninterest Income 16,584 5,017 4,728 26,329 Noninterest Expenses 52,115 5,723 5,640 63,478 Income Taxes 4,089 (125) 8 3,972 Segment Profit $ 16,612 $ (495) $ 32 $ 16,149 Segments Assets at December 31, 2023 $ 2,956,121 $ 7,890 $ 89,411 $ 3,053,422 Full time employees at September 30, 2023 382 45 33 460

Regulatory Capital Matters

Regulatory Capital Matters	9 Months Ended
Regulatory Capital Matters	Sep. 30, 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 September 30, 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 September 30, 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 September 30, 2024 and December 31, 2023 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for September 30, 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 September 30, 2024 Total Capital to Risk-Weighted Assets Consolidated $ 347,219 16.48 % $ 168,553 8.00 % $ 210,691 10.00 % Colony Bank 307,618 14.65 167,983 8.00 209,978 10.00 Tier 1 Capital to Risk-Weighted Assets Consolidated 287,756 13.66 126,394 6.00 168,525 8.00 Colony Bank 286,942 13.67 125,944 6.00 167,925 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 263,527 12.51 94,794 4.50 136,925 6.50 Colony Bank 286,942 13.67 94,458 4.50 136,439 6.50 Tier 1 Capital to Average Assets Consolidated 287,756 9.51 121,033 4.00 151,291 5.00 Colony Bank 286,942 9.51 120,691 4.00 150,863 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	9 Months Ended
Subsequent Events	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Dividend On October 23, 2024, the Board of Directors declared a quarterly cash dividend of $0.1125 per share, to be paid on its common stock on November 20, 2024, to shareholders of record as of the close of business on November 6, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 5,629	$ 5,804	$ 16,436	$ 16,149

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 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)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 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 and nine months ended September 30, 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 September 30, 2024, approximately 83% 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 ("HTM") Securities 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 ("AFS") Securities 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 At the inception of a derivative contract, the Company designates the derivative as one of three types based on the Company's intentions and belief as to likely effectiveness as a hedge. These three types are (1) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability ("cash flow hedge"), (2) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment ("fair value hedge"), or (3) an instrument with no hedging designation ("non-designated derivative"). For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item attributable to the hedged risk, are recognized in current earnings as fair values change. Changes in the fair value of derivatives not designated are reported currently in earnings, as noninterest 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 adopted this ASU with no material impact to its financial statements. 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 amendments in this standard will be effective for the Company for the fiscal year ended December 31, 2024 and subsequent interim periods. 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. Deposits – 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 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 are classified as Level 2 due to their expected maturities. 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.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
Investment Securities (Tables)	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity	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) September 30, 2024 Amortized Gross Gross Fair Value Securities Available-for-Sale: U.S. treasury securities $ 1,889 $ — $ (6) $ 1,883 U.S. agency securities 4,171 — (256) 3,915 Asset backed securities 19,851 15 (193) 19,673 State, county & municipal securities 111,265 10 (12,629) 98,646 Corporate debt securities 53,330 — (5,629) 47,701 Mortgage-backed securities 216,291 405 (18,506) 198,190 Total $ 406,797 $ 430 $ (37,219) $ 370,008 September 30, 2024 Amortized Gross Gross Fair Value Securities Held-to-Maturity: U.S. treasury securities $ 94,577 $ — $ (1,846) $ 92,731 U.S. agency securities 16,184 — (1,006) 15,178 State, county & municipal securities 137,066 130 (11,286) 125,910 Mortgage-backed securities 192,879 — (20,516) 172,363 Total $ 440,706 $ 130 $ (34,654) $ 406,182 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 Mortgage-Backed Securities	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 $ 3,890 $ 3,863 $ 31,673 $ 31,393 Due after one year through five years 20,256 19,053 77,416 75,467 Due after five years through ten years 96,828 85,350 69,829 63,894 Due after ten years 69,532 63,552 68,909 63,065 $ 190,506 $ 171,818 $ 247,827 $ 233,819 Mortgage-backed securities 216,291 198,190 192,879 172,363 $ 406,797 $ 370,008 $ 440,706 $ 406,182
Schedule of Continuous Unrealized Loss Position	Information pertaining to available-for-sale securities with gross unrealized losses at September 30, 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 September 30, 2024 U.S. treasury securities $ 1,883 $ (6) $ — $ — $ 1,883 $ (6) U.S. agency securities — — 3,915 (256) 3,915 (256) Asset backed securities 3,805 (19) 11,427 (174) 15,232 (193) State, county & municipal securities 2,054 (278) 95,784 (12,351) 97,838 (12,629) Corporate debt securities 4,515 (641) 43,186 (4,988) 47,701 (5,629) Mortgage-backed securities 4,958 (15) 177,319 (18,491) 182,277 (18,506) $ 17,215 $ (959) $ 331,631 $ (36,260) $ 348,846 $ (37,219) 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 September 30, 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 September 30, 2024 U.S. treasury securities $ — $ — $ 92,731 $ (1,846) $ 92,731 $ (1,846) U.S. agency securities — — 15,178 (1,006) 15,178 (1,006) State, county & municipal securities 2,753 (29) 106,680 (11,257) 109,433 (11,286) Mortgage-backed securities — — 172,363 (20,516) 172,363 (20,516) $ 2,753 $ (29) $ 386,952 $ (34,625) $ 389,705 $ (34,654) 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)	9 Months Ended
Loans (Tables)	Sep. 30, 2024
Receivables [Abstract]
Schedule of Composition of Loans Segregated by Class of Loans	The following table presents the composition of loans segregated by class of loans, as of September 30, 2024 and December 31, 2023. (dollars in thousands) September 30, 2024 December 31, 2023 Construction, land & land development $ 196,390 $ 247,146 Other commercial real estate 1,012,466 974,375 Total commercial real estate 1,208,856 1,221,521 Residential real estate 349,777 356,234 Commercial, financial & agricultural 242,389 242,756 Consumer and other 85,015 62,959 Total Loans $ 1,886,037 $ 1,883,470 (dollars in thousands) September 30, 2024 December 31, 2023 Construction, land & land development $ 2,489 $ 7,027 Other commercial real estate 54,183 40,852 Total commercial real estate 56,672 47,879 Residential real estate 10,125 12,170 Commercial, financial & agricultural 31,612 26,716 Consumer and other — — Total Loans $ 98,409 $ 86,765
Schedule of Loan Portfolio Segregated by Class of Loans	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 September 30, 2024 and December 31, 2023. Those loans with a risk grade of 1, 2, 3, 4, 5 and 98 have been combined in the pass line for presentation purposes. Loans with a risk grade of 7, 8 and 99 have been combined in the substandard line. There were no loans with a risk rating of "doubtful" or "loss" at September 30, 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 September 30, 2024 Construction, land & land development Risk rating Pass $ 74,340 $ 53,024 $ 33,062 $ 23,203 $ 2,164 $ 5,804 $ 53 $ 323 $ 191,973 Special Mention — 3,717 — — 419 — 281 — 4,417 Substandard — — — — — — — — — Total Construction, land & land development 74,340 56,741 33,062 23,203 2,583 5,804 334 323 196,390 Current period gross write offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Other commercial real estate Risk rating Pass 40,156 86,804 359,674 188,879 79,073 202,660 20,811 1,618 979,675 Special Mention 1,051 2,023 4,626 173 2,365 7,533 610 1,072 19,453 Substandard 4,187 3,098 3,878 390 355 857 573 — 13,338 Total Other commercial real estate 45,394 91,925 368,178 189,442 81,793 211,050 21,994 2,690 1,012,466 Current period gross write offs — — — — — 20 — — 20 Residential real estate Risk rating Pass 12,225 79,966 114,744 46,641 19,249 47,081 23,550 932 344,388 Special Mention — 1,624 — — — 2,007 204 — 3,835 Substandard — — 548 273 67 666 — — 1,554 Total Residential real estate 12,225 81,590 115,292 46,914 19,316 49,754 23,754 932 349,777 Current period gross write offs — — 340 — — 9 — — 349 Commercial, financial & agricultural Risk rating Pass 39,811 50,615 37,949 14,315 9,686 16,854 62,998 718 232,946 Special Mention — — 2,207 93 168 — 971 — 3,439 Substandard 82 1,538 701 2,895 321 245 126 96 6,004 Total Commercial, financial & agricultural 39,893 52,153 40,857 17,303 10,175 17,099 64,095 814 242,389 Current period gross write offs 45 398 437 188 20 11 — — 1,099 Consumer and other Risk rating Pass 46,650 31,980 2,652 1,209 691 1,357 445 10 84,994 Special Mention — — — — — — — — — Substandard 8 — 10 1 2 — — — 21 Total Consumer and other 46,658 31,980 2,662 1,210 693 1,357 445 10 85,015 Current period gross write offs 67 323 30 — 5 41 — — 466 Total Loans Risk rating Pass 213,182 302,389 548,081 274,247 110,863 273,756 107,857 3,601 1,833,976 Special Mention 1,051 7,364 6,833 266 2,952 9,540 2,066 1,072 31,144 Substandard 4,277 4,636 5,137 3,559 745 1,768 699 96 20,917 Total Loans $ 218,510 $ 314,389 $ 560,051 $ 278,072 $ 114,560 $ 285,064 $ 110,622 $ 4,769 $ 1,886,037 Total current period gross write offs $ 112 $ 721 $ 807 $ 188 $ 25 $ 81 $ — $ — $ 1,934 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
Schedule of Aging of Amortized Cost Basis of Loans by Aging Category and Accrual Status	The following table presents the aging of the amortized cost basis of loans by aging category and accrual status as of September 30, 2024 and December 31, 2023: (dollars in thousands) 30-89 Days 90 Days Total Accruing Nonaccrual Current Loans Total Loans September 30, 2024 Construction, land & land development $ 208 $ — $ 208 $ — $ 196,182 $ 196,390 Other commercial real estate 692 — 692 5,380 1,006,394 1,012,466 Total commercial real estate 900 — 900 5,380 1,202,576 1,208,856 Residential real estate 2,003 — 2,003 1,486 346,288 349,777 Commercial, financial & agricultural 660 — 660 5,327 236,402 242,389 Consumer and other 227 44 271 22 84,722 85,015 Total Loans $ 3,790 $ 44 $ 3,834 $ 12,215 $ 1,869,988 $ 1,886,037 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
Schedule of Nonaccrual Loans	The following tables display a summary of the Company's nonaccrual loans by major categories for the periods indicated. September 30, 2024 (dollars in thousands) Nonaccrual Loans with No Related ACL Nonaccrual Loans with a Related ACL Total Nonaccrual Loans Construction, land & land development $ — $ — $ — Other commercial real estate — 5,380 5,380 Total commercial real estate — 5,380 5,380 Residential real estate 3 1,483 1,486 Commercial, financial & agricultural 752 4,575 5,327 Consumer and other — 22 22 Total Loans $ 755 $ 11,460 $ 12,215 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
Schedule of Loans Modified Due to Financial Difficulty	The following tables present loans modified due to a financial difficulty under the above terms during the three and nine month periods ended September 30, 2024. Three months ended September 30, 2024 (dollars in thousands) Term Extension Payment Delay Term Extension and Payment Delay Total* Commercial real estate $ 224 $ — $ — $ 224 Commercial, financial & agricultural — 1,114 558 1,672 Total Loans $ 224 $ 1,114 $ 558 $ 1,896 less than .05% of total class of receivable Nine months ended September 30, 2024 (dollars in thousands) Term Extension Payment Delay Term Extension and Payment Delay Total Commercial real estate $ 355 $ — $ 144 $ 499 Commercial, financial & agricultural — 1,482 597 2,079 Total Loans $ 355 $ 1,482 $ 741 $ 2,578 *less than .05% of total class of receivable

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	9 Months Ended
Allowance for Credit Losses (Tables)	Sep. 30, 2024
Receivables [Abstract]
Schedule of Allowance for Credit Losses	The following tables present the balance sheet activity in the ACL by portfolio segment for loans for the three and nine month periods ended September 30, 2024 and September 30, 2023. (dollars in thousands) Balance, June 30, 2024 Charge-Offs Recoveries Provision for credit losses on loans Balance, September 30, 2024 Three Months Ended September 30, 2024 Construction, land & land development $ 1,295 $ — $ 13 $ (14) $ 1,294 Other commercial real estate 7,396 — 25 (375) 7,046 Total commercial real estate 8,691 — 38 (389) 8,340 Residential real estate 5,990 (9) 45 69 6,095 Commercial, financial & agricultural 2,015 (85) 76 885 2,891 Consumer and other 2,110 (215) 11 431 2,337 Total allowance for credit losses on loans $ 18,806 $ (309) $ 170 $ 996 $ 19,663 (dollars in thousands) Balance, June 30, 2023 Charge-Offs Recoveries Provision for credit losses on loans Balance, September 30, 2023 Three Months Ended September 30, 2023 Construction, land & land development $ 2,281 $ — $ 1 $ (67) $ 2,215 Other commercial real estate 8,733 — 8 (21) 8,720 Total commercial real estate 11,014 — 9 (88) 10,935 Residential real estate 2,642 — 3 128 2,773 Commercial, financial & agricultural 2,984 (714) 13 737 3,020 Consumer and other 426 (14) 5 223 640 Total allowance for loan losses $ 17,066 $ (728) $ 30 $ 1,000 $ 17,368 (dollars in thousands) Balance, December 31, 2023 Charge-Offs Recoveries Provision for credit losses on loans Balance, September 30, 2024 Nine Months Ended September 30, 2024 Construction, land & land development $ 2,204 $ — $ 15 $ (925) 1,294 Other commercial real estate 7,064 (20) 43 (41) 7,046 Total commercial real estate 9,268 (20) 58 (966) 8,340 Residential real estate 5,105 (349) 252 1,087 6,095 Commercial, financial & agricultural 2,110 (1,099) 135 1,745 2,891 Consumer and other 1,888 (466) 19 896 2,337 Total allowance for credit losses on loans $ 18,371 $ (1,934) $ 464 $ 2,762 $ 19,663 (dollars in thousands) Balance December 31, 2021 Charge-Offs Recoveries Provision Balance, September 30, 2022 Nine Months Ended September 30, 2023 Balance December 31, 2022 Adoption of ASU 2016-13 Charge-Offs Recoveries Provision for credit losses on loans Balance, September 30, 2023 Construction, land & land development $ 1,959 $ 148 $ — $ 9 $ 99 $ 2,215 Other commercial real estate 8,886 (630) — 33 431 8,720 Total commercial real estate 10,845 (482) — 42 530 10,935 Residential real estate 2,354 1,053 — 40 (674) 2,773 Commercial, financial & agricultural 2,709 (690) (1,157) 180 1,978 3,020 Consumer and other 220 66 (17) 14 357 640 Total allowance for loan losses $ 16,128 $ (53) $ (1,174) $ 276 $ 2,191 $ 17,368 The following table presents the balance and activity in the allowance for credit losses for unfunded commitments for the three and nine month periods ended September 30, 2024 and September 30, 2023. Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2024 2023 2024 2023 Beginning balance $ 1,259 $ 1,570 $ 1,375 $ — Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 — — — 1,661 Change in unfunded commitments (246) — (362) (91) Ending balance $ 1,013 $ 1,570 $ 1,013 $ 1,570

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
Derivatives (Tables)	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Amounts Recorded in Statements of Income and Comprehensive Income Relating to 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 and nine months ended September 30, 2024 and 2023. Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2024 2023 2024 2023 Cash flow hedging relationships Amount of gain(loss) recognized in OCI, net of tax $ 1,052 $ 482 $ (330) $ 681 Amount of gain reclassified from OCI to interest expense, net of tax 159 128 $ 440 139 Fair value hedging relationships Amount of gain(loss) recognized in OCI, net of tax (130) — $ (130) —

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
Borrowings (Tables)	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Company’s Outstanding Borrowings	The following table presents information regarding the Company’s outstanding borrowings at September 30, 2024 and December 31, 2023: (dollars in thousands) September 30, 2024 December 31, 2023 Federal Home Loan Bank advances 185,000 175,000 Other borrowings 63,016 63,445 $ 248,016 $ 238,445
Schedule of Aggregate Stated Maturities of Other Borrowed Money	The aggregate stated maturities of other borrowed money at September 30, 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 93,016 $ 248,016

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table presents earnings per share for the three and nine months ended September 30, 2024 and 2023. (dollars in thousands, except per share data) Three Months Ended Nine Months Ended September 30, 2024 2023 2024 2023 Numerator Net income available to common stockholders $ 5,629 $ 5,804 $ 16,436 $ 16,149 Denominator Weighted average number of common shares Outstanding for basic earnings per common share 17,587,902 17,569,493 17,566,452 17,581,817 Weighted-average number of shares outstanding for diluted earnings per common share 17,587,902 17,569,493 17,566,452 17,581,817 Earnings per share - basic $ 0.32 $ 0.33 $ 0.94 $ 0.92 Earnings per share - diluted $ 0.32 $ 0.33 $ 0.94 $ 0.92

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
Commitments and Contingencies (Tables)	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk	At September 30, 2024 and December 31, 2023 the following financial instruments were outstanding whose contract amounts represent credit risk: Contract Amount (dollars in thousands) September 30, 2024 December 31, 2023 Loan commitments $ 331,920 $ 362,878 Letters of credit 5,045 5,656

Fair Value of Financial Instr_2

Fair Value of Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Carrying Amount, Estimated Fair Values, and Placement in Fair Value Hierarchy	The carrying amount, estimated fair values, and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2024 and December 31, 2023 are as follows: Fair Value Measurements (dollars in thousands) Carrying Estimated Level Level Level September 30, 2024 Assets Cash and short-term investments $ 144,853 $ 144,853 $ 144,853 $ — $ — Investment securities available-for-sale 370,008 370,008 — 360,897 9,111 Investment securities held-to-maturity 440,706 406,182 — 406,182 — Other investments 17,712 17,712 — 17,712 — Loans held for sale 27,760 27,760 — 27,760 — Loans, net 1,866,374 1,737,819 — — 1,737,819 Liabilities Deposits 2,524,970 2,522,344 — 2,522,344 — Federal Home Loan Bank advances 185,000 183,569 — 183,569 — Other borrowings 63,016 51,799 — 51,799 — Derivative instruments 1,054 1,054 — 1,054 — 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 —
Schedule of Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis	The following tables present the recorded amount of the Company’s assets and liabilities measured at fair value on a recurring and nonrecurring basis as of September 30, 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 September 30, 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) September 30, 2024 Recurring Investment securities available-for-sale U.S. treasury securities $ 1,883 $ — $ 1,883 $ — U.S. agency securities 3,915 — 3,915 — Asset backed securities 19,673 — 19,673 — State, county & municipal securities 98,646 — 98,646 — Corporate debt securities 47,701 — 41,164 6,537 Mortgage-backed securities 198,190 — 195,616 2,574 Total investment securities available-for-sale 370,008 — 360,897 9,111 Loans held for sale 27,760 — 27,760 — Total recurring assets $ 397,768 $ — $ 388,657 $ 9,111 Derivative instruments $ 1,054 $ — $ 1,054 $ — Total recurring liabilities $ 1,054 $ — $ 1,054 $ — Nonrecurring Collateral dependent loans $ 2,181 $ — $ — $ 2,181 Other real estate owned 227 — — 227 Total nonrecurring assets $ 2,408 $ — $ — $ 2,408 Fair Value Measurements at Reporting Date Using (dollars in thousands) Total Fair (Level 1) (Level 2) (Level 3) December 31, 2023 Recurring Investment securities available-for-sale U.S. treasury securities $ 498 $ — $ 498 $ — U.S. agency securities 4,139 — 4,139 — Asset backed securities 24,630 — 24,630 — State, county & municipal securities 109,036 — 109,036 — Corporate debt securities 47,390 — 40,465 6,925 Mortgage-backed securities 221,689 — 217,800 3,889 Total investment securities available-for-sale 407,382 — 396,568 10,814 Loans held for sale 27,958 — 27,958 — Total recurring assets $ 435,340 $ — $ 424,526 $ 10,814 Derivative instruments $ 438 $ — $ 438 $ — Total recurring liabilities $ 438 $ — $ 438 $ — Nonrecurring Collateral dependent loans $ 1,410 $ — $ — $ 1,410 Other real estate owned 448 — — 448 Total nonrecurring assets $ 1,858 $ — $ — $ 1,858
Schedule of Quantitative Information About Fair Value Measurements for Assets in 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 September 30, 2024 and December 31, 2023. This table is comprised of collateral dependent impaired loans and other real estate owned: (dollars in thousands) September 30, 2024 Valuation Unobservable Discount rate Collateral dependent loans $ 2,181 Appraised Value Discounts to reflect estimated costs to sell 10 % Other real estate owned 227 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 10 % (dollars in thousands) December 31, 2023 Valuation Unobservable Discount rate Collateral dependent loans $ 1,410 Appraised Value Discounts to reflect estimated costs to sell 10 % Other real estate owned 448 Appraised Value/Comparable Sales Discounts to reflect current market conditions and estimated costs to sell 10 % The following table presents quantitative information about recurring level 3 fair value measurements as of September 30, 2024 and December 31, 2023. As of September 30, 2024 (dollars in thousands) Fair Value Valuation Unobservable Range Available-for-sale securities $ 9,111 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.
Schedule of Reconciliation and Statement of Income for Assets Measured at Fair Value on Recurring Basis	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 and nine months ended September 30, 2024. Three Months Ended Nine Months Ended September 30, 2024 September 30, 2024 (dollars in thousands) Available-for-sale securities Available-for-sale securities Balance, Beginning $ 9,373 $ 10,814 Additions — 2,588 Redemptions/Payments (303) (3,554) Fair value adjustments 41 1,688 Transfers between levels — (2,425) Balance, Ending $ 9,111 $ 9,111

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following tables present information reported internally for performance assessment for the three and nine months ended September 30, 2024 and 2023: (dollars in thousands) Bank Mortgage Small Totals Three Months Ended September 30, 2024 Net Interest Income $ 17,152 $ 67 $ 1,322 $ 18,541 Provision for Credit Losses 698 — 52 750 Noninterest Income 5,494 1,812 2,776 10,082 Noninterest Expenses 17,075 1,533 2,227 20,835 Income Taxes 1,017 71 321 1,409 Segment Profit $ 3,856 $ 275 $ 1,498 $ 5,629 (dollars in thousands) Bank Mortgage Small Totals Three Months Ended September 30, 2023 Net Interest Income $ 18,778 $ 52 $ 791 $ 19,621 Provision for Credit Losses 286 — 714 1,000 Noninterest Income 6,233 1,725 1,760 9,718 Noninterest Expenses 16,653 2,040 2,188 20,881 Income Taxes 1,777 (53) (70) 1,654 Segment Profit $ 6,295 $ (210) $ (281) $ 5,804 (dollars in thousands) Bank Mortgage Small Totals Nine Months Ended September 30, 2024 Net Interest Income $ 51,921 $ 157 $ 3,526 $ 55,604 Provision for Credit Losses 1,249 — 1,151 2,400 Noninterest Income 16,260 4,433 8,373 29,066 Noninterest Expenses 51,339 4,077 6,146 61,562 Income Taxes 3,243 114 915 4,272 Segment Profit $ 12,350 $ 399 $ 3,687 $ 16,436 Segments Assets at September 30, 2024 $ 2,955,145 $ 9,300 $ 100,658 $ 3,065,103 Full time employees at September 30, 2024 375 44 33 452 (dollars in thousands) Bank Mortgage Small Totals Nine Months Ended September 30, 2023 Net Interest Income $ 57,478 $ 86 $ 1,806 $ 59,370 Provision for Credit Losses 1,246 — 854 2,100 Noninterest Income 16,584 5,017 4,728 26,329 Noninterest Expenses 52,115 5,723 5,640 63,478 Income Taxes 4,089 (125) 8 3,972 Segment Profit $ 16,612 $ (495) $ 32 $ 16,149 Segments Assets at December 31, 2023 $ 2,956,121 $ 7,890 $ 89,411 $ 3,053,422 Full time employees at September 30, 2023 382 45 33 460

Regulatory Capital Matters (Tab

Regulatory Capital Matters (Tables)	9 Months Ended
Regulatory Capital Matters (Tables)	Sep. 30, 2024
Banking And Thrift Disclosure [Abstract]
Schedule of Regulatory Capital Information	The following tables summarize regulatory capital information as of September 30, 2024 and December 31, 2023 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for September 30, 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 September 30, 2024 Total Capital to Risk-Weighted Assets Consolidated $ 347,219 16.48 % $ 168,553 8.00 % $ 210,691 10.00 % Colony Bank 307,618 14.65 167,983 8.00 209,978 10.00 Tier 1 Capital to Risk-Weighted Assets Consolidated 287,756 13.66 126,394 6.00 168,525 8.00 Colony Bank 286,942 13.67 125,944 6.00 167,925 8.00 Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 263,527 12.51 94,794 4.50 136,925 6.50 Colony Bank 286,942 13.67 94,458 4.50 136,439 6.50 Tier 1 Capital to Average Assets Consolidated 287,756 9.51 121,033 4.00 151,291 5.00 Colony Bank 286,942 9.51 120,691 4.00 150,863 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)	9 Months Ended
Summary of Significant Accounting Policies (Details)	Sep. 30, 2024
Accounting Policies [Abstract]
Company’s loan portfolio (as a percent)	83%

Investment Securities - Schedul

Investment Securities - Schedule of Amortized Cost and Estimated Fair Value of Securities Available-for-Sale and Held-to-Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Securities Available-for-Sale:
Amortized Cost	$ 406,797	$ 455,294
Gross Unrealized Gains	430	58
Gross Unrealized Losses	(37,219)	(47,970)
Fair Value	370,008	407,382
Securities Held-to-Maturity:
Amortized Cost	440,706	449,031
Gross Unrealized Gains	130	356
Gross Unrealized Losses	(34,654)	(43,811)
Fair Value	406,182	405,576
U.S. treasury securities
Securities Available-for-Sale:
Amortized Cost	1,889	500
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(6)	(2)
Fair Value	1,883
Securities Held-to-Maturity:
Amortized Cost	94,577	93,306
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,846)	(3,212)
Fair Value	92,731	90,094
U.S. agency securities
Securities Available-for-Sale:
Amortized Cost	4,171	4,500
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(256)	(361)
Fair Value	3,915
Securities Held-to-Maturity:
Amortized Cost	16,184	16,282
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,006)	(1,424)
Fair Value	15,178	14,858
Asset backed securities
Securities Available-for-Sale:
Amortized Cost	19,851	25,035
Gross Unrealized Gains	15	0
Gross Unrealized Losses	(193)	(405)
Fair Value	19,673
State, county & municipal securities
Securities Available-for-Sale:
Amortized Cost	111,265	124,524
Gross Unrealized Gains	10	6
Gross Unrealized Losses	(12,629)	(15,494)
Fair Value	98,646
Securities Held-to-Maturity:
Amortized Cost	137,066	136,685
Gross Unrealized Gains	130	356
Gross Unrealized Losses	(11,286)	(13,859)
Fair Value	125,910	123,182
Corporate debt securities
Securities Available-for-Sale:
Amortized Cost	53,330	53,834
Gross Unrealized Gains	0	16
Gross Unrealized Losses	(5,629)	(6,460)
Fair Value	47,701
Mortgage-backed securities
Securities Available-for-Sale:
Amortized Cost	216,291	246,901
Gross Unrealized Gains	405	36
Gross Unrealized Losses	(18,506)	(25,248)
Fair Value	198,190
Securities Held-to-Maturity:
Amortized Cost	192,879	202,758
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(20,516)	(25,316)
Fair Value	$ 172,363	$ 177,442

Investment Securities - Narrati

Investment Securities - Narrative (Details)	3 Months Ended	9 Months Ended
Investment Securities - Narrative (Details)	Sep. 30, 2024 USD ($) security	Sep. 30, 2024 USD ($) security	Sep. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities, accrued interest receivable	$ 2,100,000	$ 2,100,000			$ 2,400,000
Held-to-maturity securities, accrued interest receivable	$ 1,900,000	$ 1,900,000			$ 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			Other assets
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets			Other assets
Proceeds from sales of investment securities, available-for-sale	$ 7,900,000	$ 25,579,000	$ 0
Gross realized losses on securities	$ 454,000	$ 1,434,000
Number of available for sale securities that have unrealized losses \| security	243	243
Number of held to maturity securities that have unrealized losses \| security	146	146
Allowance for credit loss	$ 19,663,000	$ 19,663,000	$ 17,368,000	$ 18,806,000	$ 18,371,000	$ 17,066,000	$ 16,128,000
Investment Securities
Debt Securities, Available-for-sale [Line Items]
Allowance for credit loss	0	0
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Investment securities pledged as collateral	$ 363,400,000	$ 363,400,000			$ 429,900,000

Investment Securities - Sched_2

Investment Securities - Schedule of Mortgage-Backed Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost
Due in one year or less	$ 3,890
Due after one year through five years	20,256
Due after five years through ten years	96,828
Due after ten years	69,532
Total amortized cost	190,506
Mortgage-backed securities	216,291
Amortized Cost	406,797	$ 455,294
Fair Value
Due in one year or less	3,863
Due after one year through five years	19,053
Due after five years through ten years	85,350
Due after ten years	63,552
Total fair value	171,818
Mortgage-backed securities	198,190
Fair value	370,008	407,382
Amortized Cost
Due in one year or less	31,673
Due after one year through five years	77,416
Due after five years through ten years	69,829
Due after ten years	68,909
Total amortized cost	247,827
Mortgage-backed securities	192,879
Amortized Cost	440,706	449,031
Fair Value
Due in one year or less	31,393
Due after one year through five years	75,467
Due after five years through ten years	63,894
Due after ten years	63,065
Total fair value	233,819
Mortgage-backed securities	172,363
Fair value	$ 406,182	$ 405,576

Investment Securities - Sched_3

Investment Securities - Schedule of Available for Sale Securities Been in Continuous Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value
Less Than 12 Months	$ 17,215	$ 14,596
12 Months or Greater	331,631	387,424
Total	348,846	402,020
Gross Unrealized Losses
Less Than 12 Months	(959)	(367)
12 Months or Greater	(36,260)	(47,603)
Total	(37,219)	(47,970)
U.S. treasury securities
Fair Value
Less Than 12 Months	1,883	0
12 Months or Greater	0	498
Total	1,883	498
Gross Unrealized Losses
Less Than 12 Months	(6)	0
12 Months or Greater	0	(2)
Total	(6)	(2)
U.S. agency securities
Fair Value
Less Than 12 Months	0	0
12 Months or Greater	3,915	4,139
Total	3,915	4,139
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Greater	(256)	(361)
Total	(256)	(361)
Asset backed securities
Fair Value
Less Than 12 Months	3,805	6,196
12 Months or Greater	11,427	17,424
Total	15,232	23,620
Gross Unrealized Losses
Less Than 12 Months	(19)	(75)
12 Months or Greater	(174)	(330)
Total	(193)	(405)
State, county & municipal securities
Fair Value
Less Than 12 Months	2,054	1,033
12 Months or Greater	95,784	107,443
Total	97,838	108,476
Gross Unrealized Losses
Less Than 12 Months	(278)	(138)
12 Months or Greater	(12,351)	(15,356)
Total	(12,629)	(15,494)
Corporate debt securities
Fair Value
Less Than 12 Months	4,515	1,446
12 Months or Greater	43,186	45,044
Total	47,701	46,490
Gross Unrealized Losses
Less Than 12 Months	(641)	(105)
12 Months or Greater	(4,988)	(6,355)
Total	(5,629)	(6,460)
Mortgage-backed securities
Fair Value
Less Than 12 Months	4,958	5,921
12 Months or Greater	177,319	212,876
Total	182,277	218,797
Gross Unrealized Losses
Less Than 12 Months	(15)	(49)
12 Months or Greater	(18,491)	(25,199)
Total	$ (18,506)	$ (25,248)

Investment Securities - Sched_4

Investment Securities - Schedule of Held to Maturity Securities Been in Continuous Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value
Less Than 12 Months	$ 2,753	$ 1,461
12 Months or Greater	386,952	385,894
Total	389,705	387,355
Gross Unrealized Losses
Less Than 12 Months	(29)	(78)
12 Months or Greater	(34,625)	(43,733)
Total	(34,654)	(43,811)
U.S. treasury securities
Fair Value
Less Than 12 Months	0	0
12 Months or Greater	92,731	90,094
Total	92,731	90,094
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Greater	(1,846)	(3,212)
Total	(1,846)	(3,212)
U.S. agency securities
Fair Value
Less Than 12 Months	0	0
12 Months or Greater	15,178	14,858
Total	15,178	14,858
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Greater	(1,006)	(1,424)
Total	(1,006)	(1,424)
State, county & municipal securities
Fair Value
Less Than 12 Months	2,753	1,461
12 Months or Greater	106,680	103,500
Total	109,433	104,961
Gross Unrealized Losses
Less Than 12 Months	(29)	(78)
12 Months or Greater	(11,257)	(13,781)
Total	(11,286)	(13,859)
Mortgage-backed securities
Fair Value
Less Than 12 Months	0	0
12 Months or Greater	172,363	177,442
Total	172,363	177,442
Gross Unrealized Losses
Less Than 12 Months	0	0
12 Months or Greater	(20,516)	(25,316)
Total	$ (20,516)	$ (25,316)

Loans - Schedule of Composition

Loans - Schedule of Composition of Loans Segregated by Class of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 1,886,037	$ 1,883,470
Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	98,409	86,765
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,208,856	1,221,521
Commercial real estate \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	56,672	47,879
Commercial real estate \| Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	196,390	247,146
Commercial real estate \| Construction, land & land development \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	2,489	7,027
Commercial real estate \| Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	1,012,466	974,375
Commercial real estate \| Other commercial real estate \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	54,183	40,852
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	349,777	356,234
Residential real estate \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	10,125	12,170
Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	242,389	242,756
Commercial, financial & agricultural \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	31,612	26,716
Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	85,015	62,959
Consumer and other \| Loans Insured or Guaranteed by US Government Authorities
Loans and Leases Receivable Disclosure [Line Items]
Total Loans	$ 0	$ 0

Loans - Narrative (Details)

Loans - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
Loans - Narrative (Details) $ in Thousands	Sep. 30, 2024 USD ($) modified_loan loan	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) modified_loan loan	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) loan	Jun. 30, 2024 USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loans, net of unearned income	$ 1,886,037		$ 1,886,037		$ 1,883,470
Accrued interest receivable for loans	8,800		8,800		8,800
Outstanding balance of high risk loans, minimum	500		500
Financing receivable, excluding accrued interest, collateral-dependent	2,200		2,200		$ 1,400
Interest income	$ 173	$ 55	$ 390	$ 265
Loan contracts restructured \| modified_loan	6		10
Number of loans that subsequently defaulted \| loan	0		0		0
Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loans, net of unearned income	$ 1,208,856		$ 1,208,856		$ 1,221,521
Financing receivable, grading risk matrix, minimum threshold	$ 500		$ 500
Financing receivable, grading risk matrix, maximum threshold						$ 500
Loan contracts restructured \| modified_loan			3
Commercial real estate \| Payment Delay
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan contracts restructured \| modified_loan			1
Commercial real estate \| Term Extension
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan contracts restructured \| modified_loan	1
Term extension from modification (in years)	20 years
Commercial real estate \| Term Extension \| One Year Term Extension
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan contracts restructured \| modified_loan			2
Term extension from modification (in years)			1 year
Commercial real estate \| Term Extension \| Twenty Year Term Extension
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan contracts restructured \| modified_loan			1
Term extension from modification (in years)			20 years
Commercial, financial & agricultural
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loans, net of unearned income	$ 242,389		$ 242,389		242,756
Loan contracts restructured \| modified_loan	5		7
Commercial, financial & agricultural \| Payment Delay
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan contracts restructured \| modified_loan	3		4
Commercial, financial & agricultural \| Term Extension and Payment Delay
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan contracts restructured \| modified_loan	2		3
Term extension from modification (in years)	10 years
Commercial, financial & agricultural \| Term Extension and Payment Delay \| Five Year Term Extension
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan contracts restructured \| modified_loan			1
Term extension from modification (in years)			5 years
Commercial, financial & agricultural \| Term Extension and Payment Delay \| Ten Year Term Extension
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan contracts restructured \| modified_loan			2
Term extension from modification (in years)			10 years
Loans Insured or Guaranteed by US Government Authorities
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loans, net of unearned income	$ 98,409		$ 98,409		86,765
Loans Insured or Guaranteed by US Government Authorities \| Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loans, net of unearned income	56,672		56,672		47,879
Loans Insured or Guaranteed by US Government Authorities \| Commercial, financial & agricultural
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loans, net of unearned income	$ 31,612		$ 31,612		$ 26,716

Loans - Schedule of Loan Portfo

Loans - Schedule of Loan Portfolio Segregated by Class of Loans (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Year one	$ 218,510	$ 380,926
Year one, current period gross write-offs	112	412
Year two	314,389	617,018
Year two, current period gross write-offs	721	672
Year three	560,051	309,936
Year three, current period gross write-offs	807	513
Year four	278,072	133,315
Year four, current period gross write-offs	188	202
Year five	114,560	101,724
Year five, current period gross write-offs	25	9
Prior	285,064	227,993
Prior, current period gross write-offs	81	136
Revolvers	110,622	110,019
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	4,769	2,539
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	1,886,037	1,883,470
Loans, current period gross write-offs	1,934	1,944
Pass
Loans and Leases Receivable Disclosure [Line Items]
Year one	213,182	372,428
Year two	302,389	605,801
Year three	548,081	306,140
Year four	274,247	129,904
Year five	110,863	94,292
Prior	273,756	209,087
Revolvers	107,857	106,474
Revolvers converted to term loans	3,601	2,469
Loans, net of unearned income	1,833,976	1,826,595
Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Year one	1,051	5,988
Year two	7,364	4,653
Year three	6,833	1,215
Year four	266	2,920
Year five	2,952	6,625
Prior	9,540	9,451
Revolvers	2,066	2,225
Revolvers converted to term loans	1,072	48
Loans, net of unearned income	31,144	33,125
Substandard
Loans and Leases Receivable Disclosure [Line Items]
Year one	4,277	2,510
Year two	4,636	6,564
Year three	5,137	2,581
Year four	3,559	491
Year five	745	807
Prior	1,768	9,455
Revolvers	699	1,320
Revolvers converted to term loans	96	22
Loans, net of unearned income	20,917	23,750
Commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Loans, net of unearned income	1,208,856	1,221,521
Commercial real estate \| Construction, land & land development
Loans and Leases Receivable Disclosure [Line Items]
Year one	74,340	113,379
Year one, current period gross write-offs	0	0
Year two	56,741	92,869
Year two, current period gross write-offs	0	0
Year three	33,062	27,361
Year three, current period gross write-offs	0	0
Year four	23,203	5,654
Year four, current period gross write-offs	0	0
Year five	2,583	1,020
Year five, current period gross write-offs	0	0
Prior	5,804	5,945
Prior, current period gross write-offs	0	0
Revolvers	334	887
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	323	31
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	196,390	247,146
Loans, current period gross write-offs	0	0
Commercial real estate \| Construction, land & land development \| Pass
Loans and Leases Receivable Disclosure [Line Items]
Year one	74,340	112,587
Year two	53,024	91,981
Year three	33,062	27,332
Year four	23,203	5,654
Year five	2,164	1,000
Prior	5,804	5,765
Revolvers	53	605
Revolvers converted to term loans	323	31
Loans, net of unearned income	191,973	244,955
Commercial real estate \| Construction, land & land development \| Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Year one	0	792
Year two	3,717	0
Year three	0	25
Year four	0	0
Year five	419	0
Prior	0	29
Revolvers	281	282
Revolvers converted to term loans	0	0
Loans, net of unearned income	4,417	1,128
Commercial real estate \| Construction, land & land development \| Substandard
Loans and Leases Receivable Disclosure [Line Items]
Year one	0	0
Year two	0	888
Year three	0	4
Year four	0	0
Year five	0	20
Prior	0	151
Revolvers	0	0
Revolvers converted to term loans	0	0
Loans, net of unearned income	0	1,063
Commercial real estate \| Other commercial real estate
Loans and Leases Receivable Disclosure [Line Items]
Year one	45,394	64,194
Year one, current period gross write-offs	0	0
Year two	91,925	347,522
Year two, current period gross write-offs	0	0
Year three	368,178	205,122
Year three, current period gross write-offs	0	69
Year four	189,442	90,742
Year four, current period gross write-offs	0	0
Year five	81,793	85,342
Year five, current period gross write-offs	0	0
Prior	211,050	154,463
Prior, current period gross write-offs	20	0
Revolvers	21,994	24,911
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	2,690	2,079
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	1,012,466	974,375
Loans, current period gross write-offs	20	69
Commercial real estate \| Other commercial real estate \| Pass
Loans and Leases Receivable Disclosure [Line Items]
Year one	40,156	61,816
Year two	86,804	341,656
Year three	359,674	204,145
Year four	188,879	88,629
Year five	79,073	79,123
Prior	202,660	145,374
Revolvers	20,811	24,158
Revolvers converted to term loans	1,618	2,031
Loans, net of unearned income	979,675	946,932
Commercial real estate \| Other commercial real estate \| Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Year one	1,051	75
Year two	2,023	3,251
Year three	4,626	766
Year four	173	2,113
Year five	2,365	5,733
Prior	7,533	4,694
Revolvers	610	545
Revolvers converted to term loans	1,072	48
Loans, net of unearned income	19,453	17,225
Commercial real estate \| Other commercial real estate \| Substandard
Loans and Leases Receivable Disclosure [Line Items]
Year one	4,187	2,303
Year two	3,098	2,615
Year three	3,878	211
Year four	390	0
Year five	355	486
Prior	857	4,395
Revolvers	573	208
Revolvers converted to term loans	0	0
Loans, net of unearned income	13,338	10,218
Residential real estate
Loans and Leases Receivable Disclosure [Line Items]
Year one	12,225	78,944
Year one, current period gross write-offs	0	253
Year two	81,590	118,339
Year two, current period gross write-offs	0	492
Year three	115,292	51,380
Year three, current period gross write-offs	340	26
Year four	46,914	22,238
Year four, current period gross write-offs	0	0
Year five	19,316	9,461
Year five, current period gross write-offs	0	0
Prior	49,754	52,460
Prior, current period gross write-offs	9	0
Revolvers	23,754	23,312
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	932	100
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	349,777	356,234
Loans, current period gross write-offs	349	771
Residential real estate \| Pass
Loans and Leases Receivable Disclosure [Line Items]
Year one	12,225	78,088
Year two	79,966	116,704
Year three	114,744	50,986
Year four	46,641	21,892
Year five	19,249	8,510
Prior	47,081	43,038
Revolvers	23,550	22,642
Revolvers converted to term loans	932	100
Loans, net of unearned income	344,388	341,960
Residential real estate \| Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Year one	0	856
Year two	1,624	466
Year three	0	10
Year four	0	50
Year five	0	679
Prior	2,007	4,687
Revolvers	204	424
Revolvers converted to term loans	0	0
Loans, net of unearned income	3,835	7,172
Residential real estate \| Substandard
Loans and Leases Receivable Disclosure [Line Items]
Year one	0	0
Year two	0	1,169
Year three	548	384
Year four	273	296
Year five	67	272
Prior	666	4,735
Revolvers	0	246
Revolvers converted to term loans	0	0
Loans, net of unearned income	1,554	7,102
Commercial, financial & agricultural
Loans and Leases Receivable Disclosure [Line Items]
Year one	39,893	71,170
Year one, current period gross write-offs	45	150
Year two	52,153	54,205
Year two, current period gross write-offs	398	168
Year three	40,857	24,028
Year three, current period gross write-offs	437	408
Year four	17,303	13,424
Year four, current period gross write-offs	188	200
Year five	10,175	4,947
Year five, current period gross write-offs	20	9
Prior	17,099	14,207
Prior, current period gross write-offs	11	134
Revolvers	64,095	60,447
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	814	328
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	242,389	242,756
Loans, current period gross write-offs	1,099	1,069
Commercial, financial & agricultural \| Pass
Loans and Leases Receivable Disclosure [Line Items]
Year one	39,811	66,820
Year two	50,615	51,439
Year three	37,949	21,673
Year four	14,315	12,489
Year five	9,686	4,734
Prior	16,854	14,002
Revolvers	62,998	58,607
Revolvers converted to term loans	718	306
Loans, net of unearned income	232,946	230,070
Commercial, financial & agricultural \| Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Year one	0	4,186
Year two	0	894
Year three	2,207	376
Year four	93	745
Year five	168	188
Prior	0	40
Revolvers	971	974
Revolvers converted to term loans	0	0
Loans, net of unearned income	3,439	7,403
Commercial, financial & agricultural \| Substandard
Loans and Leases Receivable Disclosure [Line Items]
Year one	82	164
Year two	1,538	1,872
Year three	701	1,979
Year four	2,895	190
Year five	321	25
Prior	245	165
Revolvers	126	866
Revolvers converted to term loans	96	22
Loans, net of unearned income	6,004	5,283
Consumer and other
Loans and Leases Receivable Disclosure [Line Items]
Year one	46,658	53,239
Year one, current period gross write-offs	67	9
Year two	31,980	4,083
Year two, current period gross write-offs	323	12
Year three	2,662	2,045
Year three, current period gross write-offs	30	10
Year four	1,210	1,257
Year four, current period gross write-offs	0	2
Year five	693	954
Year five, current period gross write-offs	5	0
Prior	1,357	918
Prior, current period gross write-offs	41	2
Revolvers	445	462
Revolvers, current period gross write-offs	0	0
Revolvers converted to term loans	10	1
Revolvers converted to term loans, current period gross write-offs	0	0
Loans, net of unearned income	85,015	62,959
Loans, current period gross write-offs	466	35
Consumer and other \| Pass
Loans and Leases Receivable Disclosure [Line Items]
Year one	46,650	53,117
Year two	31,980	4,021
Year three	2,652	2,004
Year four	1,209	1,240
Year five	691	925
Prior	1,357	908
Revolvers	445	462
Revolvers converted to term loans	10	1
Loans, net of unearned income	84,994	62,678
Consumer and other \| Special Mention
Loans and Leases Receivable Disclosure [Line Items]
Year one	0	79
Year two	0	42
Year three	0	38
Year four	0	12
Year five	0	25
Prior	0	1
Revolvers	0	0
Revolvers converted to term loans	0	0
Loans, net of unearned income	0	197
Consumer and other \| Substandard
Loans and Leases Receivable Disclosure [Line Items]
Year one	8	43
Year two	0	20
Year three	10	3
Year four	1	5
Year five	2	4
Prior	0	9
Revolvers	0	0
Revolvers converted to term loans	0	0
Loans, net of unearned income	$ 21	$ 84

Loans - Schedule of Aging of Am

Loans - Schedule of Aging of Amortized Cost Basis of Loans by Aging Category and Accrual Status (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 1,886,037	$ 1,883,470
Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,208,856	1,221,521
Commercial real estate \| Construction, land & land development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	196,390	247,146
Commercial real estate \| Other commercial real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,012,466	974,375
Residential real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	349,777	356,234
Commercial, financial & agricultural
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	242,389	242,756
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	85,015	62,959
Legacy Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,886,037	1,883,470
Nonaccrual Loans	12,215	9,839
Legacy Loans \| 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	3,790	6,069
Legacy Loans \| 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	44	370
Legacy Loans \| Total Accruing Loans Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	3,834	6,439
Legacy Loans \| Current Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,869,988	1,867,192
Legacy Loans \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,208,856	1,221,521
Nonaccrual Loans	5,380	4,304
Legacy Loans \| Commercial real estate \| 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	900	2,608
Legacy Loans \| Commercial real estate \| 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Legacy Loans \| Commercial real estate \| Total Accruing Loans Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	900	2,608
Legacy Loans \| Commercial real estate \| Current Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,202,576	1,214,609
Legacy Loans \| Commercial real estate \| Construction, land & land development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	196,390	247,146
Nonaccrual Loans	0	85
Legacy Loans \| Commercial real estate \| Construction, land & land development \| 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	208	812
Legacy Loans \| Commercial real estate \| Construction, land & land development \| 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Legacy Loans \| Commercial real estate \| Construction, land & land development \| Total Accruing Loans Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	208	812
Legacy Loans \| Commercial real estate \| Construction, land & land development \| Current Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	196,182	246,249
Legacy Loans \| Commercial real estate \| Other commercial real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,012,466	974,375
Nonaccrual Loans	5,380	4,219
Legacy Loans \| Commercial real estate \| Other commercial real estate \| 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	692	1,796
Legacy Loans \| Commercial real estate \| Other commercial real estate \| 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Legacy Loans \| Commercial real estate \| Other commercial real estate \| Total Accruing Loans Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	692	1,796
Legacy Loans \| Commercial real estate \| Other commercial real estate \| Current Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,006,394	968,360
Legacy Loans \| Residential real estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	349,777	356,234
Nonaccrual Loans	1,486	3,561
Legacy Loans \| Residential real estate \| 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,003	2,503
Legacy Loans \| Residential real estate \| 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	350
Legacy Loans \| Residential real estate \| Total Accruing Loans Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,003	2,853
Legacy Loans \| Residential real estate \| Current Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	346,288	349,820
Legacy Loans \| Commercial, financial & agricultural
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	242,389	242,756
Nonaccrual Loans	5,327	1,956
Legacy Loans \| Commercial, financial & agricultural \| 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	660	775
Legacy Loans \| Commercial, financial & agricultural \| 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
Legacy Loans \| Commercial, financial & agricultural \| Total Accruing Loans Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	660	775
Legacy Loans \| Commercial, financial & agricultural \| Current Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	236,402	240,025
Legacy Loans \| Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	85,015	62,959
Nonaccrual Loans	22	18
Legacy Loans \| Consumer and other \| 30-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	227	183
Legacy Loans \| Consumer and other \| 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	44	20
Legacy Loans \| Consumer and other \| Total Accruing Loans Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	271	203
Legacy Loans \| Consumer and other \| Current Loans
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 84,722	$ 62,738

Loans - Schedule of Nonaccrual

Loans - Schedule of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	$ 755	$ 3,558
Nonaccrual Loans with a Related ACL	11,460	6,281
Total Nonaccrual Loans	12,215	9,839
Commercial real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	0	2,833
Nonaccrual Loans with a Related ACL	5,380	1,471
Total Nonaccrual Loans	5,380	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	0	58
Total Nonaccrual Loans	0	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	0	2,806
Nonaccrual Loans with a Related ACL	5,380	1,413
Total Nonaccrual Loans	5,380	4,219
Residential real estate
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	3	725
Nonaccrual Loans with a Related ACL	1,483	2,836
Total Nonaccrual Loans	1,486	3,561
Commercial, financial & agricultural
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Nonaccrual Loans with No Related ACL	752	0
Nonaccrual Loans with a Related ACL	4,575	1,956
Total Nonaccrual Loans	5,327	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	22	18
Total Nonaccrual Loans	$ 22	$ 18

Loans - Schedule of Loans Modif

Loans - Schedule of Loans Modified Due to Financial Difficulty (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Financing Receivable, Modified [Line Items]
Total Loans	$ 1,896	$ 2,578
Term Extension
Financing Receivable, Modified [Line Items]
Total Loans	224	355
Payment Delay
Financing Receivable, Modified [Line Items]
Total Loans	1,114	1,482
Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Total Loans	558	741
Commercial real estate
Financing Receivable, Modified [Line Items]
Total Loans	224	499
Commercial real estate \| Term Extension
Financing Receivable, Modified [Line Items]
Total Loans	224	355
Commercial real estate \| Payment Delay
Financing Receivable, Modified [Line Items]
Total Loans	0	0
Commercial real estate \| Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Total Loans	0	144
Commercial, financial & agricultural
Financing Receivable, Modified [Line Items]
Total Loans	1,672	2,079
Commercial, financial & agricultural \| Term Extension
Financing Receivable, Modified [Line Items]
Total Loans	0	0
Commercial, financial & agricultural \| Payment Delay
Financing Receivable, Modified [Line Items]
Total Loans	1,114	1,482
Commercial, financial & agricultural \| Term Extension and Payment Delay
Financing Receivable, Modified [Line Items]
Total Loans	$ 558	$ 597

Allowance for Credit Losses - S

Allowance for Credit Losses - Schedule of Allowance for Credit Losses by Portfolio Segment for Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 18,806	$ 17,066	$ 18,371	$ 16,128
Charge-Offs	(309)	(728)	(1,934)	(1,174)
Recoveries	170	30	464	276
Provision for credit losses on loans	996	1,000	2,762	2,191
Ending balance	19,663	17,368	19,663	17,368
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	8,691	11,014	9,268	10,845
Charge-Offs	0	0	(20)	0
Recoveries	38	9	58	42
Provision for credit losses on loans	(389)	(88)	(966)	530
Ending balance	8,340	10,935	8,340	10,935
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	1,295	2,281	2,204	1,959
Charge-Offs	0	0	0	0
Recoveries	13	1	15	9
Provision for credit losses on loans	(14)	(67)	(925)	99
Ending balance	1,294	2,215	1,294	2,215
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	7,396	8,733	7,064	8,886
Charge-Offs	0	0	(20)	0
Recoveries	25	8	43	33
Provision for credit losses on loans	(375)	(21)	(41)	431
Ending balance	7,046	8,720	7,046	8,720
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	5,990	2,642	5,105	2,354
Charge-Offs	(9)	0	(349)	0
Recoveries	45	3	252	40
Provision for credit losses on loans	69	128	1,087	(674)
Ending balance	6,095	2,773	6,095	2,773
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	2,015	2,984	2,110	2,709
Charge-Offs	(85)	(714)	(1,099)	(1,157)
Recoveries	76	13	135	180
Provision for credit losses on loans	885	737	1,745	1,978
Ending balance	2,891	3,020	2,891	3,020
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	2,110	426	1,888	220
Charge-Offs	(215)	(14)	(466)	(17)
Recoveries	11	5	19	14
Provision for credit losses on loans	431	223	896	357
Ending balance	$ 2,337	$ 640	$ 2,337	640
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	9 Months Ended
	Sep. 30, 2024 USD ($)
Receivables [Abstract]
Supportable forecast period (in years)	1 year
Outstanding balance of high risk loans, minimum	$ 500

Allowance for Credit Losses -_2

Allowance for Credit Losses - Schedule of Allowance for Credit Losses for Unfunded Commitments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 18,806	$ 17,066	$ 18,371	$ 16,128
Ending balance	19,663	17,368	19,663	17,368
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	1,259	1,570	1,375	0
Change in unfunded commitments	(246)	0	(362)	(91)
Ending balance	1,013	1,570	1,013	1,570
Unfunded Loan Commitment \| Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 0	$ 0	$ 0	$ 1,661

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) $ in Thousands					3 Months Ended		9 Months Ended
Derivatives - Narrative (Details) $ in Thousands	Sep. 06, 2024 USD ($)	Aug. 30, 2024 USD ($)	Jun. 26, 2023 USD ($)	Jun. 23, 2023 USD ($)	Sep. 30, 2024 USD ($) interest_rate_swap	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) interest_rate_swap	Sep. 30, 2023 USD ($)	Jun. 30, 2023 interest_rate_swap
Derivative Instruments, Gain (Loss) [Line Items]
Number of interest rate swaps \| interest_rate_swap					2		2		2
Derivative instruments					$ 1,100		$ 1,100
Amount of gain reclassified from OCI to interest expense, net of tax					199	$ 164	550	$ 173
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments					$ 879		$ 879
Cash Flow Hedging \| Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Number of interest rate swaps \| interest_rate_swap					1		1
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate swap, term (in years)			3 years	5 years
Derivative, notional amount	$ 30,000		$ 25,000	$ 25,000
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest Rate Swap \| Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate swap, term (in years)	1 year
Cash Flow Hedging \| Designated as Hedging Instrument \| Interest Rate Swap \| Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate swap, term (in years)	2 years
Fair Value Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments					$ 175		$ 175
Fair Value Hedging \| Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Number of interest rate swaps \| interest_rate_swap					1		1
Fair Value Hedging \| Designated as Hedging Instrument \| Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount		$ 25,400
Fair Value Hedging \| Designated as Hedging Instrument \| Interest Rate Swap \| Minimum
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate swap, term (in years)		3 years
Fair Value Hedging \| Designated as Hedging Instrument \| Interest Rate Swap \| Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate swap, term (in years)		3 years 6 months

Derivatives - Schedule of Amoun

Derivatives - Schedule of Amounts Recorded in Statements of Income and Comprehensive Income Relating to Interest Rate Swaps (Details) - Interest Rate Swap - Interest Expense - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain(loss) recognized in OCI, net of tax	$ 1,052	$ 482	$ (330)	$ 681
Amount of gain reclassified from OCI to interest expense, net of tax	159	128	440	139
Fair Value Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain(loss) recognized in OCI, net of tax	$ (130)	$ 0	$ (130)	$ 0

Borrowings - Schedule of Compan

Borrowings - Schedule of Company’s Outstanding Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Federal Home Loan Bank advances	$ 185,000	$ 175,000
Other borrowings	63,016	63,445
Total borrowings	$ 248,016	$ 238,445

Borrowings - Narrative (Details

Borrowings - Narrative (Details) - USD ($)	9 Months Ended
Borrowings - Narrative (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Lendable collateral of loans	$ 193,100,000
Remaining credit available	564,300,000
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	118,800,000
Outstanding balance on line of credit	$ 0
Subordinated Debt
Debt Instrument [Line Items]
Interest rate (as a percent)	5.25%
Basis spread on variable rate	2.65%
Long-term debt	$ 38,800,000	$ 39,200,000
Subordinated Debt, Fixed Rate
Debt Instrument [Line Items]
Debt instrument, term (in years)	5 years
Subordinated Debt, Variable Rate
Debt Instrument [Line Items]
Debt instrument, term (in years)	5 years
Minimum \| Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Interest rate (as a percent)	3.69%
Maximum \| Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Interest rate (as a percent)	4.75%

Borrowings - Schedule of Aggreg

Borrowings - Schedule of Aggregate Stated Maturities of Other Borrowed Money (Details) - Other borrowings $ in Thousands	Sep. 30, 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	93,016
Long-term debt	$ 248,016

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator
Net income available to common stockholders	$ 5,629	$ 5,804	$ 16,436	$ 16,149
Weighted average number of common shares
Outstanding for basic earnings per common share (in shares)	17,587,902	17,569,493	17,566,452	17,581,817
Weighted-average number of shares outstanding for diluted earnings per common share (in shares)	17,587,902	17,569,493	17,566,452	17,581,817
Earnings per share - basic (in dollars per share)	$ 0.32	$ 0.33	$ 0.94	$ 0.92
Earnings per share - diluted (in dollars per share)	$ 0.32	$ 0.33	$ 0.94	$ 0.92

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Financial Instruments Outstanding Whose Contract Amount Represents Credit Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Commitments [Line Items]
Letters of credit	$ 5,045	$ 5,656
Loan Origination Commitments
Other Commitments [Line Items]
Loan commitments	$ 331,920	$ 362,878

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details)	9 Months Ended
Commitments and Contingencies - Narrative (Details)	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Letter of credit, expiration date period (in years)	1 year

Fair Value of Financial Instr_3

Fair Value of Financial Instruments and Fair Value Measurements - Schedule of Carrying Amount, Estimated Fair Values, and Placement in Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Investment securities available-for-sale	$ 370,008	$ 407,382
Investment securities held-to-maturity	$ 406,182	$ 405,576
Liabilities
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Carrying Value
Assets
Cash and short-term investments	$ 144,853	$ 83,322
Investment securities available-for-sale	370,008	407,382
Investment securities held-to-maturity	440,706	449,031
Other investments	17,712	16,868
Loans held for sale	27,760	27,958
Loans, net	1,866,374	1,865,099
Liabilities
Deposits	2,524,970	2,544,790
Federal Home Loan Bank advances	185,000	175,000
Other borrowings	63,016	63,445
Derivative instruments	1,054	438
Estimated Fair Value
Assets
Cash and short-term investments	144,853	83,322
Investment securities available-for-sale	370,008	407,382
Investment securities held-to-maturity	406,182	405,576
Other investments	17,712	16,868
Loans held for sale	27,760	27,958
Loans, net	1,737,819	1,699,870
Liabilities
Deposits	2,522,344	2,538,477
Federal Home Loan Bank advances	183,569	176,022
Other borrowings	51,799	51,056
Derivative instruments	1,054	438
Estimated Fair Value \| Level 1
Assets
Cash and short-term investments	144,853	83,322
Investment securities available-for-sale	0	0
Investment securities held-to-maturity	0	0
Other investments	0	0
Loans held for sale	0	0
Loans, net	0	0
Liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Other borrowings	0	0
Derivative instruments	0	0
Estimated Fair Value \| Level 2
Assets
Cash and short-term investments	0	0
Investment securities available-for-sale	360,897	396,568
Investment securities held-to-maturity	406,182	405,576
Other investments	17,712	16,868
Loans held for sale	27,760	27,958
Loans, net	0	0
Liabilities
Deposits	2,522,344	2,538,477
Federal Home Loan Bank advances	183,569	176,022
Other borrowings	51,799	51,056
Derivative instruments	1,054	438
Estimated Fair Value \| Level 3
Assets
Cash and short-term investments	0	0
Investment securities available-for-sale	9,111	10,814
Investment securities held-to-maturity	0	0
Other investments	0	0
Loans held for sale	0	0
Loans, net	1,737,819	1,699,870
Liabilities
Deposits	0	0
Federal Home Loan Bank advances	0	0
Other borrowings	0	0
Derivative instruments	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments and Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair value input, discount amount (as a percent)	10%		10%
Transfers between levels	$ 0	$ 0	$ (2,425,000)	$ (380,000)

Fair Value of Financial Instr_5

Fair Value of Financial Instruments and Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Investment securities available-for-sale	$ 370,008	$ 407,382
U.S. treasury securities
Assets
Investment securities available-for-sale	1,883
U.S. agency securities
Assets
Investment securities available-for-sale	3,915
Asset backed securities
Assets
Investment securities available-for-sale	19,673
State, county & municipal securities
Assets
Investment securities available-for-sale	98,646
Corporate debt securities
Assets
Investment securities available-for-sale	47,701
Mortgage-backed securities
Assets
Investment securities available-for-sale	198,190
Recurring
Assets
Investment securities available-for-sale	370,008	407,382
Loans held for sale	27,760	27,958
Total assets	397,768	435,340
Liabilities
Derivative instruments	1,054	438
Total recurring liabilities	1,054	438
Recurring \| Level 1
Assets
Investment securities available-for-sale	0	0
Loans held for sale	0	0
Total assets	0	0
Liabilities
Derivative instruments	0	0
Total recurring liabilities	0	0
Recurring \| Level 2
Assets
Investment securities available-for-sale	360,897	396,568
Loans held for sale	27,760	27,958
Total assets	388,657	424,526
Liabilities
Derivative instruments	1,054	438
Total recurring liabilities	1,054	438
Recurring \| Level 3
Assets
Investment securities available-for-sale	9,111	10,814
Loans held for sale	0	0
Total assets	9,111	10,814
Liabilities
Derivative instruments	0	0
Total recurring liabilities	0	0
Recurring \| U.S. treasury securities
Assets
Investment securities available-for-sale	1,883	498
Recurring \| U.S. treasury securities \| Level 1
Assets
Investment securities available-for-sale	0	0
Recurring \| U.S. treasury securities \| Level 2
Assets
Investment securities available-for-sale	1,883	498
Recurring \| U.S. treasury securities \| Level 3
Assets
Investment securities available-for-sale	0	0
Recurring \| U.S. agency securities
Assets
Investment securities available-for-sale	3,915	4,139
Recurring \| U.S. agency securities \| Level 1
Assets
Investment securities available-for-sale	0	0
Recurring \| U.S. agency securities \| Level 2
Assets
Investment securities available-for-sale	3,915	4,139
Recurring \| U.S. agency securities \| Level 3
Assets
Investment securities available-for-sale	0	0
Recurring \| Asset backed securities
Assets
Investment securities available-for-sale	19,673	24,630
Recurring \| Asset backed securities \| Level 1
Assets
Investment securities available-for-sale	0	0
Recurring \| Asset backed securities \| Level 2
Assets
Investment securities available-for-sale	19,673	24,630
Recurring \| Asset backed securities \| Level 3
Assets
Investment securities available-for-sale	0	0
Recurring \| State, county & municipal securities
Assets
Investment securities available-for-sale	98,646	109,036
Recurring \| State, county & municipal securities \| Level 1
Assets
Investment securities available-for-sale	0	0
Recurring \| State, county & municipal securities \| Level 2
Assets
Investment securities available-for-sale	98,646	109,036
Recurring \| State, county & municipal securities \| Level 3
Assets
Investment securities available-for-sale	0	0
Recurring \| Corporate debt securities
Assets
Investment securities available-for-sale	47,701	47,390
Recurring \| Corporate debt securities \| Level 1
Assets
Investment securities available-for-sale	0	0
Recurring \| Corporate debt securities \| Level 2
Assets
Investment securities available-for-sale	41,164	40,465
Recurring \| Corporate debt securities \| Level 3
Assets
Investment securities available-for-sale	6,537	6,925
Recurring \| Mortgage-backed securities
Assets
Investment securities available-for-sale	198,190	221,689
Recurring \| Mortgage-backed securities \| Level 1
Assets
Investment securities available-for-sale	0	0
Recurring \| Mortgage-backed securities \| Level 2
Assets
Investment securities available-for-sale	195,616	217,800
Recurring \| Mortgage-backed securities \| Level 3
Assets
Investment securities available-for-sale	2,574	3,889
Nonrecurring
Assets
Collateral dependent loans	2,181	1,410
Other real estate owned	227	448
Total assets	2,408	1,858
Nonrecurring \| Level 1
Assets
Collateral dependent loans	0	0
Other real estate owned	0	0
Total assets	0	0
Nonrecurring \| Level 2
Assets
Collateral dependent loans	0	0
Other real estate owned	0	0
Total assets	0	0
Nonrecurring \| Level 3
Assets
Investment securities available-for-sale	9,111	10,814
Collateral dependent loans	2,181	1,410
Other real estate owned	227	448
Total assets	$ 2,408	$ 1,858

Fair Value of Financial Instr_6

Fair Value of Financial Instruments and Fair Value Measurements - Schedule of Quantitative Information About Fair Value Measurements for Assets in Level 3 (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned	$ 227	$ 448
Investment securities available-for-sale	370,008	407,382
Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent loans	2,181	1,410
Level 3 \| Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Collateral dependent loans	2,181	1,410
Other real estate owned	227	448
Investment securities available-for-sale	$ 9,111	$ 10,814
Level 3 \| Nonrecurring \| Measurement Input, Appraised Value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Discounts to reflect estimated costs to sell	0.10	0.10
Discounts to reflect current market conditions and estimated costs to sell	0.10	0.10

Fair Value of Financial Instr_7

Fair Value of Financial Instruments and Fair Value Measurements - Schedule of Reconciliation and Statement of Income for Assets Measured at Fair Value on Recurring Basis (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, Beginning	$ 9,373,000		$ 10,814,000
Additions	0		2,588,000
Redemptions/Payments	(303,000)		(3,554,000)
Fair value adjustments	41,000		1,688,000
Transfers between levels	0	$ 0	(2,425,000)	$ (380,000)
Balance, Ending	$ 9,111,000		$ 9,111,000

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information (Details) $ in Thousands	Sep. 30, 2024 USD ($) employee	Sep. 30, 2023 USD ($) employee	Sep. 30, 2024 USD ($) employee	Sep. 30, 2023 USD ($) employee	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Net Interest Income	$ 18,541	$ 19,621	$ 55,604	$ 59,370
Provision for Credit Losses	750	1,000	2,400	2,100
Noninterest Income	10,082	9,718	29,066	26,329
Noninterest Expenses	20,835	20,881	61,562	63,478
Income Taxes	1,409	1,654	4,272	3,972
Net income	5,629	$ 5,804	16,436	$ 16,149
Segment assets	$ 3,065,103		$ 3,065,103		$ 3,053,422
Full time employees \| employee	452	460	452	460
Bank
Segment Reporting Information [Line Items]
Net Interest Income	$ 17,152	$ 18,778	$ 51,921	$ 57,478
Provision for Credit Losses	698	286	1,249	1,246
Noninterest Income	5,494	6,233	16,260	16,584
Noninterest Expenses	17,075	16,653	51,339	52,115
Income Taxes	1,017	1,777	3,243	4,089
Net income	3,856	$ 6,295	12,350	$ 16,612
Segment assets	$ 2,955,145		$ 2,955,145		2,956,121
Full time employees \| employee	375	382	375	382
Mortgage Banking
Segment Reporting Information [Line Items]
Net Interest Income	$ 67	$ 52	$ 157	$ 86
Provision for Credit Losses	0	0	0	0
Noninterest Income	1,812	1,725	4,433	5,017
Noninterest Expenses	1,533	2,040	4,077	5,723
Income Taxes	71	(53)	114	(125)
Net income	275	$ (210)	399	$ (495)
Segment assets	$ 9,300		$ 9,300		7,890
Full time employees \| employee	44	45	44	45
Small Business Specialty Lending Division
Segment Reporting Information [Line Items]
Net Interest Income	$ 1,322	$ 791	$ 3,526	$ 1,806
Provision for Credit Losses	52	714	1,151	854
Noninterest Income	2,776	1,760	8,373	4,728
Noninterest Expenses	2,227	2,188	6,146	5,640
Income Taxes	321	(70)	915	8
Net income	1,498	$ (281)	3,687	$ 32
Segment assets	$ 100,658		$ 100,658		$ 89,411
Full time employees \| employee	33	33	33	33

Regulatory Capital Matters (Det

Regulatory Capital Matters (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Total Capital to Risk-Weighted Assets
Actual Amount	$ 347,219	$ 337,159
Actual Ratio	0.1648	0.1547
For Capital Adequacy Purposes, Amount	$ 168,553	$ 174,355
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 210,691	$ 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	$ 287,756	$ 278,196
Actual Ratio	0.1366	0.1277
For Capital Adequacy Purposes, Amount	$ 126,394	$ 130,711
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 168,525	$ 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	$ 263,527	$ 253,967
Actual Ratio	0.1251	0.1166
For Capital Adequacy Purposes, Amount	$ 94,794	$ 98,015
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 136,925	$ 141,577
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 Capital to Average Assets
Actual Amount	$ 287,756	$ 278,196
Actual Ratio	0.0951	0.0917
For Capital Adequacy Purposes, Amount	$ 121,033	$ 121,350
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 151,291	$ 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	$ 307,618	$ 300,497
Actual Ratio	0.1465	0.1385
For Capital Adequacy Purposes, Amount	$ 167,983	$ 173,572
For Capital Adequacy Purposes, Ratio	0.0800	0.0800
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 209,978	$ 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	$ 286,942	$ 280,751
Actual Ratio	0.1367	0.1294
For Capital Adequacy Purposes, Amount	$ 125,944	$ 130,178
For Capital Adequacy Purposes, Ratio	0.0600	0.0600
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 167,925	$ 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	$ 286,942	$ 280,751
Actual Ratio	0.1367	0.1294
For Capital Adequacy Purposes, Amount	$ 94,458	$ 97,634
For Capital Adequacy Purposes, Ratio	4.50%	4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 136,439	$ 141,026
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier 1 Capital to Average Assets
Actual Amount	$ 286,942	$ 280,751
Actual Ratio	0.0951	0.0928
For Capital Adequacy Purposes, Amount	$ 120,691	$ 121,013
For Capital Adequacy Purposes, Ratio	0.0400	0.0400
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 150,863	$ 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		9 Months Ended
Subsequent Events (Details) - $ / shares	Oct. 23, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Subsequent Event [Line Items]
Cash dividend (in dollars per share)		$ 0.1125	$ 0.1100	$ 0.3375	$ 0.3300
Subsequent Event
Subsequent Event [Line Items]
Cash dividend (in dollars per share)	$ 0.1125