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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table presents information regarding the Company’s outstanding borrowings at December 31, 2020:
DescriptionMaturity DateAmountInterest Rate
(dollars in thousands)
FHLB AdvancesMarch 23, 2023$3,000 3.51%
FHLB AdvancesMarch 21, 20285,000 2.67%
FHLB AdvancesAugust 15, 20254,500 2.62%
FHLB AdvancesJuly 30, 202910,000 1.01%
Paycheck Protection Program Liquidity Facility(1)106,789 0.35%
Term NoteMay 24, 20258,250 4.70%
Revolving CreditMay 21, 20215,313 3.65%
Subordinated debentures(2)24,229 1.40%-2.68%
Total borrowings$167,081 

The following table presents information regarding the Company’s outstanding borrowings at December 31, 2019:

DescriptionMaturity DateAmountInterest Rate
(dollars in thousands)
FHLB AdvancesMarch 23, 2020$2,500 2.17%
FHLB AdvancesJune 1, 20201,000 1.65%
FHLB AdvancesAugust 15, 202218,000 2.69%
FHLB AdvancesFebraury 3, 20233,000 3.51%
FHLB AdvancesAugust 15, 20254,500 2.62%
FHLB AdvancesAugust 24, 20263,000 1.27%
FHLB AdvancesMarch 21, 20285,000 2.67%
FHLB AdvancesJuly 30, 202910,000 1.01%
Term NoteMay 24, 20259,250 4.70%
Revolving CreditMay 21, 20215,313 5.15%
Subordinated debentures(2)24,229 3.34%-4.58%
Total borrowings$85,792 
(1)Maturity date is equal to the maturity date of the related PPP loans.
(2) See maturity dates in table below.
Schedule of Subordinated Borrowing
The following table presents the information regarding the Company's subordinated debentures at December 31, 2020 and 2019. All subordinated debentures are at three month LIBOR rate plus added points noted below at December 31, 2020 and 2019.
 
DescriptionDateAmountAdded
Points		Maturity5-Year
Call Option
(dollars in thousands)
Colony Bankcorp Statutory Trust IIIJune 16, 2004$4,640 2.68%June 14, 2034June 17, 2009
Colony Bankcorp Capital Trust IApril 13, 20065,155 1.50%April 13, 2036April 13, 2011
Colony Bankcorp Capital Trust IIMarch 12, 20079,279 1.65%March 12, 2037March 12, 2012
Colony Bankcorp Capital Trust IIISeptember 14, 20075,155 1.40%September 14, 2037September 14, 2012