REGULATORY CAPITAL MARKETS

12 Months Ended

Dec. 31, 2023

Banking And Thrift Disclosure [Abstract]

REGULATORY CAPITAL MARKETS

REGULATORY CAPITAL MARKETS

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.

The Company is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and, possibly, additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios of total and Tier I capital to risk-weighted assets, and of Tier I capital to average assets. As of December 31, 2023, the interim final Basel III rules (Basel III) require the Company to also maintain minimum amounts and ratios of common equity Tier 1 capital to risk weighted assets. These amounts and ratios as defined in regulations are presented hereafter. Management believes, as of December 31, 2023, the Company meets all capital adequacy requirements to which it is subject under the regulatory framework for prompt corrective action. In the opinion of management, there are no conditions or events since prior notification of capital adequacy from the regulators that have changed the institution’s category.

The Basel III rules also require the Company to maintain a capital conservation buffer comprised of common equity Tier 1 capital. The capital conservation buffer is 2.5 percent of risk-weighted assets.

The following table summarizes regulatory capital information as of December 31, 2023 and December 31, 2022 on a consolidated basis and for the subsidiary, as defined. Regulatory capital ratios for December 31, 2023 and 2022 were calculated in accordance with the Basel III rules. 

	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
(dollars in thousands)	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 I 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 I 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
As of December 31, 2022
Total Capital to Risk-Weighted Assets
Consolidated	$	318,250	15.11	%	$	168,498	8.00	%	N/A		N/A
Colony Bank	272,812		12.99		168,014		8.00		$	210,017	10.00	%
Tier I Capital to Risk-Weighted Assets
Consolidated	262,999		12.49		126,341		6.00		N/A		N/A
Colony Bank	256,684		12.22		126,031		6.00		168,042		8.00
Common Equity Tier 1 Capital to Risk-Weighted Assets
Consolidated	238,770		11.34		94,750		4.50		N/A		N/A
Colony Bank	256,684		12.22		94,524		4.50		136,534		6.50
Tier I Capital to Average Assets
Consolidated	262,999		9.17		114,721		4.00		N/A		N/A
Colony Bank	256,684		8.97		114,463		4.00		143,079		5.00