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BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table presents information regarding the Company’s outstanding borrowings at December 31, 2022:
DescriptionMaturity DateAmountInterest Rate
(dollars in thousands)
FHLB AdvancesMarch 21, 2028$5,000 2.67%
FHLB AdvancesJanuary 5, 202320,000 4.18%
FHLB AdvancesJanuary 9, 202320,000 4.15%
FHLB AdvancesMarch 8, 202310,000 4.65%
FHLB AdvancesJanuary 17, 202320,000 4.15%
FHLB AdvancesJanuary 20, 202315,000 4.23%
FHLB AdvancesDecember 22, 202715,000 4.00%
FHLB AdvancesJanuary 30, 202320,000 4.23%
FRB Discount WindowJanuary 5, 202315,000 4.10%
Subordinated notesMay 20, 203239,123 5.25%
Subordinated debentures(1)24,229 (1)
Total borrowings$203,352 
(1) See individual maturity dates and interest rates in table below.


The following table presents information regarding the Company’s outstanding borrowings at December 31, 2021:

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(1)24,229 (1)
Fair value adjustment for FHLB Borrowings acquired from SouthCrest(844)N/A
Total borrowings$88,448 
(1) See individual maturity dates and interest rates in table below.
Schedule of Subordinated Borrowing
The following table presents the information regarding the Company's subordinated debentures at December 31, 2022 and 2021. All subordinated debentures are at three month LIBOR rate plus added points noted below at December 31, 2022 and 2021.
 
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