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FINANCIAL INFORMATION OF COLONY BANKCORP, INC. (PARENT ONLY) - Statements of Cash Flows, Parent Company (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 21,747 $ 19,542
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 1,701 1,743
Net cash provided by operating activities 20,983 49,741
CASH FLOWS FROM INVESTING ACTIVITIES    
Net cash used in investing activities (98,752) (448,228)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common stock 0 59,468
Cash paid for tax withholding related to vesting of restricted stock (252) (231)
Repurchase of shares (406) (540)
Dividends paid on common stock (7,722) (7,158)
Net cash provided by financing activities 80,413 281,933
Net increase (decrease) in cash and cash equivalents 2,644 (116,554)
Cash and cash equivalents at beginning of period 80,678 197,232
Cash and cash equivalents at end of period 83,322 80,678
Parent Company    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 21,747 19,542
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 1,701 1,743
Equity in undistributed earnings of subsidiaries (24,502) (11,517)
Amortization of debt issuance costs 93 55
Change in deferred taxes 0 (2,125)
Change in interest payable 14 45
Other (1,977) 215
Net cash provided by operating activities (2,924) 7,958
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital injection into Bank subsidiary 0 (53,000)
Net cash used in investing activities 0 (53,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in other borrowed money 0 26,560
Issuance of common stock 0 59,468
Cash paid for tax withholding related to vesting of restricted stock (252) (231)
Repurchase of shares (406) (540)
Dividends paid on common stock (7,722) (7,158)
Net cash provided by financing activities (8,380) 78,099
Net increase (decrease) in cash and cash equivalents (11,304) 33,057
Cash and cash equivalents at beginning of period 40,361 7,304
Cash and cash equivalents at end of period $ 29,057 $ 40,361