Note 9 - Subordinated Debentures (Trust Preferred Securities)

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Subordinated Borrowings Disclosure [Text Block]

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9

) Subordinated Debentures (Trust Preferred Securities)

				3 Month	Added	Total		5 Year
Description	Date		Amount	Libor Rate	Points	Rate	Maturity	Call Option
Colony Bankcorp Statutory Trust III	6/17/2004	$	4,640	0.85656	2.68	3.53656	6/14/2034	6/17/2009
Colony Bankcorp Capital Trust I	4/13/2006		5,155	0.83769	1.50	2.33769	4/13/2036	4/13/2011
Colony Bankcorp Capital Trust II	3/12/2007		9,279	0.83769	1.65	2.48769	3/12/2037	3/12/2012
Colony Bankcorp Capital Trust III	9/14/2007		5,155	0.75650	1.40	2.15650	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.