Note 9 - Subordinated Debentures (Trust Preferred Securities)

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Subordinated Borrowings Disclosure [Text Block]

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9

) Subordinated Debentures (Trust Preferred Securities)

Description	Date	Amount		3 Month Libor Rate		Added Points		Total Rate		Maturity	5 Year Call Option
Colony Bankcorp Statutory Trust III	6/17/2004	$	4,640		0.65635		2.68		3.33635	6/14/2034	6/17/2009
Colony Bankcorp Capital Trust I	4/13/2006		5,155		0.63110		1.50		2.13110	4/13/2036	4/13/2011
Colony Bankcorp Capital Trust II	3/12/2007		9,279		0.63110		1.65		2.28110	3/12/2037	3/12/2012
Colony Bankcorp Capital Trust III	9/14/2007		5,155		0.63660		1.40		2.03660	9/14/2037	9/14/2012

The Trust Preferred Securities are recorded as subordinated debentures on the consolidated balance sheets, but subject to certain limitations, qualify as Tier 1 Capital for regulatory capital purposes. The proceeds from the offerings were used to fund certain acquisitions, pay off holding company debt and inject capital into the bank subsidiary.