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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table presents information regarding the Company’s outstanding borrowings at December 31, 2021:
DescriptionMaturity DateAmountInterest Rate
(dollars in thousands)
FHLB AdvancesFebruary 3, 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%
FHLB AdvancesJuly 11, 202910,000 1.03%
FHLB AdvancesNovember 9, 202920,000 1.07%
Term NoteMay 24, 20257,250 4.70%
Revolving CreditJuly 30, 20225,313 2.85%
Subordinated debentures(2)24,229 (3)
Fair Value Adjustment for FHLB Borrowings acquired from SouthCrest(844)
Total borrowings$88,448 

The following table presents information regarding the Company’s outstanding borrowings at December 31, 2020:

DescriptionMaturity DateAmountInterest Rate
(dollars in thousands)
FHLB AdvancesFebruary 3, 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 2.85%
Subordinated debentures(2)24,229 (3)
Total borrowings$167,081 
(1)Maturity date is equal to the maturity date of the related PPP loans.
(2) See maturity dates in table below.
(3) Interest rates for all subordinated debentures are at the three-month LIBOR plus added points as noted in table below.
Schedule of Subordinated Borrowing
The following table presents the information regarding the Company's subordinated debentures at December 31, 2021 and 2020. All subordinated debentures are at three month LIBOR rat plus added points noted below at December 31, 2021 and 2020.
 
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