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Financial Information of Colony Bankcorp, Inc (Parent Only)
 12 Months Ended
Dec. 31, 2012
Financial Information of Colony Bankcorp, Inc. (Parent Only) [Abstract]  
Financial Information of Colony Bankcorp, Inc. (Parent Only)
(22) Financial Information of Colony Bankcorp, Inc. (Parent Only)

The parent company's balance sheets as of December 31, 2012 and 2011 and the related statements of operations and comprehensive income (loss) and cash flows for each of the years in the three-year period then ended are as follows:

COLONY BANKCORP, INC. (PARENT ONLY)
BALANCE SHEETS
DECEMBER 31

ASSETS
 
 
 
 
 
 
 
 
2012
 
 
2011
 
 
 
 
 
 
 
Cash
 
$
494,432
 
 
$
1,051,904
 
Premises and Equipment, Net
 
 
1,284,968
 
 
 
1,378,395
 
Investment in Subsidiary, at Equity
 
 
119,646,209
 
 
 
118,289,024
 
Other
 
 
821,145
 
 
 
437,414
 
 
 
 
 
 
 
 
 
Total Assets
 
$
122,246,754
 
 
$
121,156,737
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
  Dividends Payable
 
$
1,610,385
 
 
$
175,000
 
  Other
 
 
648,202
 
 
 
139,927
 
 
 
 
 
 
 
 
 
 
 
2,258,587
 
 
 
314,927
 
 
 
 
 
 
 
 
 
Subordinated Debt
 
 
24,229,000
 
 
 
24,229,000
 
 
 
 
 
 
 
 
 
Stockholders' Equity
 
 
 
 
 
 
 
 
  Preferred Stock, Stated Value $1,000; Authorized 10,000,000 Shares, Issued 28,000 Shares
 
 
27,827,053
 
 
 
27,662,476
 
  Common Stock, Par Value $1; Authorized 20,000,000 Shares, Issued 8,439,258 Shares as of December 31, 2012 and 2011
 
 
8,439,258
 
 
 
8,439,258
 
  Paid-In Capital
 
 
29,145,094
 
 
 
29,145,094
 
  Retained Earnings
 
 
30,497,576
 
 
 
29,456,240
 
  Accumulated Other Comprehensive Income, Net of Tax
 
 
(149,814
)
 
 
1,909,742
 
 
 
 
 
 
 
 
 
 
 
95,759,167
 
 
 
96,612,810
 
 
 
 
 
 
 
 
 
Total Liabilities and Stockholders' Equity
 
$
122,246,754
 
 
$
121,156,737
 
 
COLONY BANKCORP, INC. (PARENT ONLY)
STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED DECEMBER 31

 
2012
 
 
2011
 
 
2010
 
 
 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
  Dividends from Subsidiary
 
$
17,372
 
 
$
15,265
 
 
$
15,536
 
  Management Fees
 
 
590,422
 
 
 
505,414
 
 
 
455,241
 
  Other
 
 
101,397
 
 
 
98,180
 
 
 
119,776
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
709,191
 
 
 
618,859
 
 
 
590,553
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenses
 
 
 
 
 
 
 
 
 
 
 
 
  Interest
 
 
554,004
 
 
 
508,081
 
 
 
516,170
 
  Amortization
 
 
2,250
 
 
 
2,250
 
 
 
2,250
 
  Salaries and Employee Benefits
 
 
735,919
 
 
 
734,104
 
 
 
761,873
 
  Other
 
 
558,151
 
 
 
656,914
 
 
 
807,209
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,850,324
 
 
 
1,901,349
 
 
 
2,087,502
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss Before Taxes and Equity in Undistributed Earnings of Subsidiary
 
 
(1,141,133
)
 
 
(1,282,490
)
 
 
(1,496,949
)
 
 
 
 
 
 
 
 
 
 
 
 
    Income Tax Benefits
 
 
365,691
 
 
 
425,605
 
 
 
532,823
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss Before Equity in Undistributed Earnings of Subsidiary
 
 
(775,442
)
 
 
(856,885
)
 
 
(964,126
)
 
 
 
 
 
 
 
 
 
 
 
 
    Equity in Undistributed Earnings of Subsidiary
 
 
3,416,740
 
 
 
3,390,480
 
 
 
1,438,342
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income
 
 
2,641,298
 
 
 
2,533,595
 
 
 
474,216
 
  Preferred Stock Dividends
 
 
1,435,385
 
 
 
1,400,000
 
 
 
1,400,000
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Available to Common Stockholders
 
$
1,205,913
 
 
$
1,133,595
 
 
$
(925,784
)
 
COLONY BANKCORP, INC. (PARENT ONLY)
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
FOR THE YEARS ENDED DECEMBER 31

 
2012
 
 
2011
 
 
2010
 
 
 
 
 
 
 
 
 
 
Net Income
 
$
2,641,298
 
 
$
2,533,595
 
 
$
474,216
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income, Net of Tax
 
 
 
 
 
 
 
 
 
 
 
 
  Gains (Losses) on Securities Arising During the Year
 
 
(186,830
)
 
 
4,439,108
 
 
 
1,227,281
 
  Reclassification Adjustment
 
 
(1,872,726
)
 
 
(1,929,577
)
 
 
(1,727,261
)
 
 
 
 
 
 
 
 
 
 
 
 
  Change in Net Unrealized Gains (Losses) on Securities Available for Sale, Net of Reclassification Adjustment and Tax Effects
 
 
(2,059,556
)
 
 
2,509,531
 
 
 
(499,980
)
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive Income (Loss)
 
$
581,742
 
 
$
5,043,126
 
 
$
(25,764
)
 
COLONY BANKCORP, INC. (PARENT ONLY)
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31

 
2012
 
 
2011
 
 
2010
 
 
 
 
 
 
 
 
 
 
Cash Flows from Operating Activities
 
 
 
 
 
 
 
 
 
  Net Income
 
$
2,641,298
 
 
$
2,533,595
 
 
$
 474,216
 
  Adjustments to Reconcile Net Income to Net Cash Used by Operating Activities
 
 
 
 
 
 
 
 
 
 
 
 
      Depreciation and Amortization
 
 
93,427
 
 
 
112,651
 
 
 
194,918
 
      Equity in Undistributed Earnings of Subsidiary
 
 
(3,416,740
)
 
 
(3,390,480
)
 
 
(1,438,342
)
      Other
 
 
124,543
 
 
 
24,977
 
 
 
(260,318
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(557,472
)
 
 
(719,257
)
 
 
(1,029,526
)
 
 
 
 
 
 
 
 
 
 
 
 
Cash Flows from Investing Activities
 
 
 
 
 
 
 
 
 
 
 
 
  Purchases of Premises and Equipment
 
 
-
 
 
 
(1,900
)
 
 
(31,877
)
 
 
 
 
 
 
 
 
 
 
 
 
Cash Flows from Financing Activities
 
 
 
 
 
 
 
 
 
 
 
 
  Dividends Paid on Preferred Stock
 
 
-
 
 
 
(1,400,000
)
 
 
(1,400,000
)
  Proceeds from Issuance of Common Stock
 
 
-
 
 
 
-
 
 
 
5,078,255
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-
 
 
 
(1,400,000
)
 
 
3,678,255
 
 
 
 
 
 
 
 
 
 
 
 
 
Increase (Decrease) in Cash
 
 
(557,472
)
 
 
(2,121,157
)
 
 
2,616,852
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash, Beginning
 
 
1,051,904
 
 
 
3,173,061
 
 
 
556,209
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash, Ending
 
$
494,432
 
 
$
1,051,904
 
 
$
3,173,061