Note 9 - Subordinated Debentures (Trust Preferred Securities)

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Subordinated Borrowings Disclosure [Text Block]

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9

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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		1.32111		2.68		4.00111	6/14/2034	6/17/2009
Colony Bankcorp Capital Trust I	4/13/2006		5,155		1.33500		1.50		2.83500	4/13/2036	4/13/2011
Colony Bankcorp Capital Trust II	3/12/2007		9,279		1.33500		1.65		2.98500	3/12/2037	3/12/2012
Colony Bankcorp Capital Trust III	9/14/2007		5,155		1.31111		1.40		2.71111	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 offering

s were used to fund certain acquisitions, pay off holding company debt and inject capital into the bank subsidiary.

The Trust Preferred Securities pay interest quarterly.