Financial Information of Colony Bankcorp, Inc (Parent Only) (Tables)

12 Months Ended

Dec. 31, 2012

Financial Information of Colony Bankcorp, Inc. (Parent Only) [Abstract]

Balance Sheets

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

Statements of Operations

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	)

Statements of Comprehensive Income (Loss)

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	)

Statements of Cash Flows

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