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BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table presents information regarding the Company’s outstanding borrowings at December 31, 2023:
DescriptionMaturity DateAmountInterest Rate
(dollars in thousands)
FHLB AdvancesDecember 22, 2027$15,000 4.00%
FHLB AdvancesJanuary 28, 202820,000 3.87%
FHLB AdvancesFebruary 15, 202820,000 3.83%
FHLB AdvancesApril 5, 202825,000 3.69%
FHLB AdvancesApril 6, 202625,000 3.90%
FHLB AdvancesSeptember 30, 202420,000 5.57%
FHLB AdvancesMarch 25, 202425,000 5.51%
FHLB AdvancesMarch 26, 202425,000 5.51%
Subordinated notesMay 20, 203239,216 5.25%
Subordinated debentures(1)24,229 (1)
Total borrowings$238,445 
(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, 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.
Schedule of Subordinated Borrowing
The following table presents the information regarding the Company's subordinated debentures at December 31, 2023 and 2022. All subordinated debentures are at benchmark rates based on SOFR at December 31, 2023.
 
DescriptionDateAmountAdded
Points 		Maturity5-Year
Call Option
(dollars in thousands)
Colony Bankcorp Statutory Trust IIIJune 16, 2004$4,640 2.68%June 17, 2034June 17, 2009
Colony Bankcorp Capital Trust IApril 13, 20065,155 1.50%June 30, 2036April 13, 2011
Colony Bankcorp Capital Trust IIMarch 12, 20079,279 1.65%March 30, 2037March 12, 2012
Colony Bankcorp Capital Trust IIISeptember 14, 20075,155 1.40%October 30, 2037September 14, 2012