Toggle SGML Header (+)


Section 1: 10-Q (10-Q)

cban-20200630
0000711669--12-312020Q2falseus-gaap:OtherAssetsus-gaap:OtherLiabilitiesP2Y00007116692020-01-012020-06-30xbrli:shares00007116692020-08-07iso4217:USD00007116692020-06-3000007116692019-12-31iso4217:USDxbrli:shares00007116692020-04-012020-06-3000007116692019-04-012019-06-3000007116692019-01-012019-06-300000711669us-gaap:MortgageBankingMember2020-04-012020-06-300000711669us-gaap:MortgageBankingMember2019-04-012019-06-300000711669us-gaap:MortgageBankingMember2020-01-012020-06-300000711669us-gaap:MortgageBankingMember2019-01-012019-06-300000711669us-gaap:DepositAccountMember2020-04-012020-06-300000711669us-gaap:DepositAccountMember2019-04-012019-06-300000711669us-gaap:DepositAccountMember2020-01-012020-06-300000711669us-gaap:DepositAccountMember2019-01-012019-06-300000711669us-gaap:BankServicingMember2020-04-012020-06-300000711669us-gaap:BankServicingMember2019-04-012019-06-300000711669us-gaap:BankServicingMember2020-01-012020-06-300000711669us-gaap:BankServicingMember2019-01-012019-06-300000711669us-gaap:CommonStockMember2020-03-310000711669us-gaap:AdditionalPaidInCapitalMember2020-03-310000711669us-gaap:RetainedEarningsMember2020-03-310000711669us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-3100007116692020-03-310000711669us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300000711669us-gaap:RetainedEarningsMember2020-04-012020-06-300000711669us-gaap:AdditionalPaidInCapitalMember2020-01-012020-06-300000711669us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300000711669us-gaap:CommonStockMember2020-06-300000711669us-gaap:AdditionalPaidInCapitalMember2020-06-300000711669us-gaap:RetainedEarningsMember2020-06-300000711669us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300000711669us-gaap:CommonStockMember2019-03-310000711669us-gaap:AdditionalPaidInCapitalMember2019-03-310000711669us-gaap:RetainedEarningsMember2019-03-310000711669us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-3100007116692019-03-310000711669us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-300000711669us-gaap:RetainedEarningsMember2019-04-012019-06-300000711669us-gaap:CommonStockMember2019-04-012019-06-300000711669us-gaap:AdditionalPaidInCapitalMember2019-04-012019-06-300000711669us-gaap:CommonStockMember2019-06-300000711669us-gaap:AdditionalPaidInCapitalMember2019-06-300000711669us-gaap:RetainedEarningsMember2019-06-300000711669us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-3000007116692019-06-300000711669us-gaap:CommonStockMember2019-12-310000711669us-gaap:AdditionalPaidInCapitalMember2019-12-310000711669us-gaap:RetainedEarningsMember2019-12-310000711669us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310000711669us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-300000711669us-gaap:RetainedEarningsMember2020-01-012020-06-300000711669us-gaap:CommonStockMember2018-12-310000711669us-gaap:AdditionalPaidInCapitalMember2018-12-310000711669us-gaap:RetainedEarningsMember2018-12-310000711669us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-3100007116692018-12-310000711669us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-06-300000711669us-gaap:RetainedEarningsMember2019-01-012019-06-300000711669us-gaap:CommonStockMember2019-01-012019-06-300000711669us-gaap:AdditionalPaidInCapitalMember2019-01-012019-06-30xbrli:purecban:bank0000711669cban:LBCBancsharesIncMember2019-05-012019-05-010000711669cban:LBCBancsharesIncMembercban:LaGrangeGeorgiaMember2019-05-012019-05-010000711669cban:LBCBancsharesIncMembercban:ColumbusGeorgiaMember2019-05-012019-05-010000711669cban:LBCBancsharesIncMember2019-05-010000711669cban:LBCBancsharesIncMember2020-01-012020-06-300000711669cban:LBCBancsharesIncMember2020-06-300000711669cban:LBCBancsharesIncMember2019-05-012020-05-010000711669cban:LBCBancsharesIncMember2020-05-010000711669cban:PFBMortgageMember2019-05-012019-05-010000711669cban:PFBMortgageMember2019-05-010000711669us-gaap:USTreasurySecuritiesMember2020-06-300000711669us-gaap:USStatesAndPoliticalSubdivisionsMember2020-06-300000711669us-gaap:CorporateDebtSecuritiesMember2020-06-300000711669us-gaap:MortgageBackedSecuritiesMember2020-06-300000711669us-gaap:USStatesAndPoliticalSubdivisionsMember2019-12-310000711669us-gaap:CorporateDebtSecuritiesMember2019-12-310000711669us-gaap:MortgageBackedSecuritiesMember2019-12-310000711669us-gaap:USGovernmentAgenciesDebtSecuritiesMember2020-06-300000711669us-gaap:USGovernmentAgenciesDebtSecuritiesMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2020-06-300000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMember2020-06-300000711669us-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2020-06-300000711669cban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2020-06-300000711669us-gaap:ResidentialMortgageMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMembercban:FinancialAssetsAcquiredMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMember2020-06-300000711669us-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2020-06-300000711669cban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2020-06-300000711669cban:ConsumerAndOtherMember2020-06-300000711669us-gaap:FinancialAssetOriginatedMember2020-06-300000711669cban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2019-12-310000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMember2019-12-310000711669us-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2019-12-310000711669cban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2019-12-310000711669us-gaap:ResidentialMortgageMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMembercban:FinancialAssetsAcquiredMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMember2019-12-310000711669us-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2019-12-310000711669cban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2019-12-310000711669cban:ConsumerAndOtherMember2019-12-310000711669us-gaap:FinancialAssetOriginatedMember2019-12-310000711669cban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:LoansReceivableMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:SpecialMentionMembercban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:PassMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2020-06-300000711669us-gaap:SpecialMentionMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2020-06-300000711669us-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:SpecialMentionMembercban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:PassMemberus-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2020-06-300000711669us-gaap:SpecialMentionMemberus-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2020-06-300000711669us-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2020-06-300000711669us-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:SpecialMentionMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:SpecialMentionMembercban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:PassMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2019-12-310000711669us-gaap:SpecialMentionMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2019-12-310000711669us-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:SpecialMentionMembercban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:PassMemberus-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2019-12-310000711669us-gaap:SpecialMentionMemberus-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2019-12-310000711669us-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2019-12-310000711669us-gaap:PassMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:SpecialMentionMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:SubstandardMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:SpecialMentionMembercban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2020-06-300000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:PassMembercban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2020-06-300000711669us-gaap:SpecialMentionMembercban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2020-06-300000711669us-gaap:SubstandardMembercban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:PassMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:SpecialMentionMembercban:CommercialFinancialAndAgriculturalMembercban:FinancialAssetsAcquiredMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:SubstandardMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:PassMembercban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2020-06-300000711669us-gaap:SpecialMentionMembercban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2020-06-300000711669us-gaap:SubstandardMembercban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2020-06-300000711669us-gaap:PassMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:SpecialMentionMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:SubstandardMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:SpecialMentionMembercban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2019-12-310000711669cban:OtherCommercialLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:SpecialMentionMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:PassMembercban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2019-12-310000711669us-gaap:SpecialMentionMembercban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2019-12-310000711669us-gaap:SubstandardMembercban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:PassMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:SpecialMentionMembercban:CommercialFinancialAndAgriculturalMembercban:FinancialAssetsAcquiredMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:SubstandardMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:PassMembercban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2019-12-310000711669us-gaap:SpecialMentionMembercban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2019-12-310000711669us-gaap:SubstandardMembercban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2019-12-310000711669us-gaap:PassMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:SpecialMentionMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:SubstandardMembercban:FinancialAssetsAcquiredMember2019-12-310000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669cban:OtherCommercialLoansMembercban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669cban:OtherCommercialLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2020-06-300000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMembercban:FinancingReceivables3089DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2020-06-300000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2020-06-300000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2020-06-300000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669cban:OtherCommercialLoansMembercban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669cban:OtherCommercialLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2019-12-310000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMemberus-gaap:ResidentialMortgageMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMembercban:FinancingReceivables3089DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2019-12-310000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMembercban:ConsumerAndOtherMember2019-12-310000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:FinancialAssetOriginatedMember2019-12-310000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669cban:OtherCommercialLoansMembercban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2020-06-300000711669cban:OtherCommercialLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2020-06-300000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2020-06-300000711669cban:FinancingReceivables3089DaysPastDueMembercban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2020-06-300000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMembercban:FinancingReceivables3089DaysPastDueMembercban:FinancialAssetsAcquiredMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercban:FinancialAssetsAcquiredMember2020-06-300000711669cban:FinancingReceivables3089DaysPastDueMembercban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2020-06-300000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2020-06-300000711669cban:FinancingReceivables3089DaysPastDueMembercban:FinancialAssetsAcquiredMember2020-06-300000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercban:FinancialAssetsAcquiredMember2020-06-300000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669cban:OtherCommercialLoansMembercban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2019-12-310000711669cban:OtherCommercialLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2019-12-310000711669cban:FinancingReceivables3089DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMembercban:FinancialAssetsAcquiredMember2019-12-310000711669cban:FinancingReceivables3089DaysPastDueMembercban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2019-12-310000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercban:FinancialAssetsAcquiredMemberus-gaap:ResidentialMortgageMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMembercban:FinancingReceivables3089DaysPastDueMembercban:FinancialAssetsAcquiredMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercban:FinancialAssetsAcquiredMember2019-12-310000711669cban:FinancingReceivables3089DaysPastDueMembercban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2019-12-310000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercban:FinancialAssetsAcquiredMembercban:ConsumerAndOtherMember2019-12-310000711669cban:FinancingReceivables3089DaysPastDueMembercban:FinancialAssetsAcquiredMember2019-12-310000711669us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercban:FinancialAssetsAcquiredMember2019-12-310000711669cban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669cban:ConstructionLandAndLandDevelopmentMember2020-01-012020-06-300000711669us-gaap:CommercialRealEstatePortfolioSegmentMember2020-01-012020-06-300000711669us-gaap:ResidentialMortgageMember2020-01-012020-06-300000711669cban:CommercialFinancialAndAgriculturalMember2020-01-012020-06-300000711669cban:ConsumerAndOtherMember2020-01-012020-06-300000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercban:ConstructionLandAndLandDevelopmentMember2020-06-300000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercban:ConstructionLandAndLandDevelopmentMember2020-01-012020-06-300000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2020-06-300000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2020-01-012020-06-300000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ResidentialMortgageMember2020-06-300000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ResidentialMortgageMember2020-01-012020-06-300000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-06-300000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-01-012020-06-300000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercban:ConsumerAndOtherMember2020-06-300000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercban:ConsumerAndOtherMember2020-01-012020-06-300000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-06-300000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-01-012020-06-300000711669cban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669cban:ConstructionLandAndLandDevelopmentMember2020-01-012020-03-310000711669us-gaap:CommercialRealEstatePortfolioSegmentMember2020-01-012020-03-310000711669us-gaap:ResidentialMortgageMember2020-01-012020-03-310000711669cban:CommercialFinancialAndAgriculturalMember2020-01-012020-03-310000711669cban:ConsumerAndOtherMember2020-01-012020-03-3100007116692020-01-012020-03-310000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercban:ConstructionLandAndLandDevelopmentMember2019-12-310000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercban:ConstructionLandAndLandDevelopmentMember2020-01-012020-03-310000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-12-310000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2020-01-012020-03-310000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ResidentialMortgageMember2019-12-310000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMemberus-gaap:ResidentialMortgageMember2020-01-012020-03-310000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-12-310000711669cban:CommercialFinancialAndAgriculturalMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-01-012020-03-310000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercban:ConsumerAndOtherMember2019-12-310000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercban:ConsumerAndOtherMember2020-01-012020-03-310000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-12-310000711669us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-01-012020-03-31cban:numberOfLoans0000711669cban:LoanModificationsCARESActMember2020-06-300000711669cban:ConstructionLandAndLandDevelopmentMember2020-03-310000711669cban:OtherCommercialLoansMember2020-03-310000711669us-gaap:ResidentialMortgageMember2020-03-310000711669cban:CommercialFinancialAndAgriculturalMember2020-03-310000711669cban:ConsumerAndOtherMember2020-03-310000711669cban:ConstructionLandAndLandDevelopmentMember2020-04-012020-06-300000711669cban:OtherCommercialLoansMember2020-04-012020-06-300000711669us-gaap:ResidentialMortgageMember2020-04-012020-06-300000711669cban:CommercialFinancialAndAgriculturalMember2020-04-012020-06-300000711669cban:ConsumerAndOtherMember2020-04-012020-06-300000711669cban:OtherCommercialLoansMember2020-06-300000711669cban:OtherCommercialLoansMember2019-12-310000711669cban:OtherCommercialLoansMember2020-01-012020-06-300000711669cban:OtherCommercialLoansMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2020-06-300000711669cban:ConstructionLandAndLandDevelopmentMember2019-03-310000711669cban:OtherCommercialLoansMember2019-03-310000711669us-gaap:ResidentialMortgageMember2019-03-310000711669cban:CommercialFinancialAndAgriculturalMember2019-03-310000711669cban:ConsumerAndOtherMember2019-03-310000711669cban:ConstructionLandAndLandDevelopmentMember2019-04-012019-06-300000711669cban:OtherCommercialLoansMember2019-04-012019-06-300000711669us-gaap:ResidentialMortgageMember2019-04-012019-06-300000711669cban:CommercialFinancialAndAgriculturalMember2019-04-012019-06-300000711669cban:ConsumerAndOtherMember2019-04-012019-06-300000711669cban:ConstructionLandAndLandDevelopmentMember2019-06-300000711669cban:OtherCommercialLoansMember2019-06-300000711669us-gaap:ResidentialMortgageMember2019-06-300000711669cban:CommercialFinancialAndAgriculturalMember2019-06-300000711669cban:ConsumerAndOtherMember2019-06-300000711669cban:ConstructionLandAndLandDevelopmentMember2018-12-310000711669cban:OtherCommercialLoansMember2018-12-310000711669us-gaap:ResidentialMortgageMember2018-12-310000711669cban:CommercialFinancialAndAgriculturalMember2018-12-310000711669cban:ConsumerAndOtherMember2018-12-310000711669cban:ConstructionLandAndLandDevelopmentMember2019-01-012019-06-300000711669cban:OtherCommercialLoansMember2019-01-012019-06-300000711669us-gaap:ResidentialMortgageMember2019-01-012019-06-300000711669cban:CommercialFinancialAndAgriculturalMember2019-01-012019-06-300000711669cban:ConsumerAndOtherMember2019-01-012019-06-300000711669cban:OtherCommercialLoansMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-12-310000711669srt:MinimumMember2020-06-300000711669srt:MaximumMember2020-06-300000711669us-gaap:RevolvingCreditFacilityMember2019-05-010000711669cban:TermNoteMember2019-05-010000711669cban:TermNoteMember2020-06-300000711669us-gaap:RevolvingCreditFacilityMemberus-gaap:PrimeRateMember2019-05-012019-05-010000711669us-gaap:RevolvingCreditFacilityMember2019-05-012019-05-010000711669us-gaap:RevolvingCreditFacilityMember2020-06-300000711669cban:PaycheckProtectionProgramCARESActMember2020-04-200000711669srt:MinimumMembercban:PaycheckProtectionProgramCARESActMember2020-04-202020-04-200000711669cban:PaycheckProtectionProgramCARESActMembersrt:MaximumMember2020-04-202020-04-200000711669cban:PaycheckProtectionProgramCARESActMember2020-04-202020-04-200000711669cban:PaycheckProtectionProgramCARESActMember2020-06-300000711669srt:WeightedAverageMembercban:PaycheckProtectionProgramCARESActMember2020-04-202020-04-200000711669cban:OtherBorrowingsMember2020-06-300000711669us-gaap:FederalReserveBankAdvancesMember2020-06-300000711669us-gaap:LoanOriginationCommitmentsMember2020-06-300000711669us-gaap:LoanOriginationCommitmentsMember2019-12-310000711669us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-06-300000711669us-gaap:FairValueInputsLevel1Member2020-06-300000711669us-gaap:FairValueInputsLevel2Member2020-06-300000711669us-gaap:FairValueInputsLevel3Member2020-06-300000711669us-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310000711669us-gaap:FairValueInputsLevel1Member2019-12-310000711669us-gaap:FairValueInputsLevel2Member2019-12-310000711669us-gaap:FairValueInputsLevel3Member2019-12-310000711669us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000711669us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-06-300000711669us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000711669us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000711669us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000711669us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-06-300000711669us-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000711669us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000711669us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2020-06-300000711669us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2020-06-300000711669us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2020-06-300000711669us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2020-06-300000711669us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000711669us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-06-300000711669us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000711669us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000711669us-gaap:FairValueMeasurementsRecurringMember2020-06-300000711669us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2020-06-300000711669us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300000711669us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000711669us-gaap:FairValueMeasurementsNonrecurringMember2020-06-300000711669us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2020-06-300000711669us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-06-300000711669us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000711669us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000711669us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2019-12-310000711669us-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000711669us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000711669us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2019-12-310000711669us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2019-12-310000711669us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMember2019-12-310000711669us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-12-310000711669us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000711669us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2019-12-310000711669us-gaap:FairValueInputsLevel2Memberus-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000711669us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000711669us-gaap:FairValueMeasurementsRecurringMember2019-12-310000711669us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2019-12-310000711669us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-12-310000711669us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000711669us-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000711669us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2019-12-310000711669us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310000711669us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000711669us-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2020-06-300000711669us-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputComparabilityAdjustmentMember2020-06-300000711669us-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputComparabilityAdjustmentMember2020-06-300000711669us-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310000711669us-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputComparabilityAdjustmentMember2019-12-310000711669us-gaap:MarketApproachValuationTechniqueMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputComparabilityAdjustmentMember2019-12-310000711669us-gaap:AvailableforsaleSecuritiesMember2019-12-310000711669us-gaap:AvailableforsaleSecuritiesMember2018-12-310000711669us-gaap:AvailableforsaleSecuritiesMember2020-01-012020-06-300000711669us-gaap:AvailableforsaleSecuritiesMember2019-01-012019-06-300000711669us-gaap:AvailableforsaleSecuritiesMember2020-06-300000711669us-gaap:AvailableforsaleSecuritiesMember2019-06-300000711669cban:BankMember2020-04-012020-06-300000711669cban:MortgageLoanBankingMember2020-04-012020-06-300000711669cban:SmallBusinessSpecialtyLendingDivisionMember2020-04-012020-06-300000711669cban:BankMember2020-06-300000711669cban:MortgageLoanBankingMember2020-06-300000711669cban:SmallBusinessSpecialtyLendingDivisionMember2020-06-300000711669cban:BankMember2019-04-012019-06-300000711669cban:MortgageLoanBankingMember2019-04-012019-06-300000711669cban:SmallBusinessSpecialtyLendingDivisionMember2019-04-012019-06-300000711669cban:BankMember2019-06-300000711669cban:MortgageLoanBankingMember2019-06-300000711669cban:SmallBusinessSpecialtyLendingDivisionMember2019-06-300000711669cban:BankMember2020-01-012020-06-300000711669cban:MortgageLoanBankingMember2020-01-012020-06-300000711669cban:SmallBusinessSpecialtyLendingDivisionMember2020-01-012020-06-300000711669cban:BankMember2019-01-012019-06-300000711669cban:MortgageLoanBankingMember2019-01-012019-06-300000711669cban:SmallBusinessSpecialtyLendingDivisionMember2019-01-012019-06-3000007116692016-01-010000711669cban:ColonyBankMember2020-06-300000711669cban:ColonyBankMember2019-12-3100007116692020-04-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
(Mark One)
 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2020
 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 000-12436
404925701_cban-20200630_g1.jpg
COLONY BANKCORP, INC.
(Exact Name of Registrant as Specified in Its Charter)
Georgia58-1492391
(State or Other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.)
115 South Grant Street, Fitzgerald, Georgia 31750
(Address of principal executive offices) (Zip Code)
(229) 426-6000
(Registrant’s Telephone Number, Including Area Code)
Securities Registered Pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, Par Value $1.00 per shareCBANThe NASDAQ Stock Market
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes              No 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).     Yes              No 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large Accelerate Filer      Accelerated Filer      Non-accelerated Filer 
Smaller Reporting Company      Emerging Growth Company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with the new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  No 
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: As of August 7, 2020, the registrant had 9,498,783 shares of common stock, $1.00 par value per share, issued and outstanding.



TABLE OF CONTENTS
Page






COLONY BANKCORP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
JUNE 30, 2020 AND DECEMBER 31, 2019
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
 
June 30, 2020December 31, 2019
 
(Unaudited)(Audited)
ASSETS
  
Cash and due from banks$17,313  $15,570  
Interest-bearing deposits in banks173,733  88,522  
Cash and cash equivalents191,046  104,092  
Investment securities available for sale, at fair value373,610  347,332  
Other investments, at cost3,954  4,288  
Loans held for sale16,537  10,076  
Loans1,113,977  968,814  
Allowance for loan losses(10,289) (6,863) 
      Loans, net1,103,688  961,951  
Premises and equipment33,276  32,482  
Other real estate1,769  1,320  
Goodwill15,992  16,477  
Other intangible assets2,678  3,056  
Bank-owned life insurance21,963  21,629  
Other assets13,055  12,610  
Total assets$1,777,568  $1,515,313  
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Deposits
Noninterest-bearing
$328,850  $232,635  
Interest-bearing
1,092,908  1,061,107  
Total deposits
1,421,758  1,293,742  
Federal Home Loan Bank advances
36,500  47,000  
Paycheck Protection Program Liquidity Facility134,500    
Other borrowings
38,292  38,792  
Other liabilities
7,924  5,273  
Total liabilities
1,638,974  1,384,807  
Stockholders' equity:
Preferred stock, no par value; 10,000,000 shares authorized, none issued or outstanding as of June 30, 2020 and December 31, 2019, respectively
    
Common stock, par value $1.00 per share; 20,000,000 shares authorized, 9,498,783 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively
9,499  9,499  
Paid in capital43,199  43,667  
Retained earnings
78,895  76,978  
Accumulated other comprehensive income, net of tax
7,001  362  
Total stockholders' equity
138,594  130,506  
Total liabilities and stockholders' equity
$1,777,568  $1,515,313  
See accompanying notes to consolidated financial statements (unaudited).

3


COLONY BANKCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
THREE AND SIX MONTHS ENDED JUNE 30, 2020 AND 2019
(UNAUDITED)
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)
 Three Months EndedSix Months Ended
 June 30, 2020June 30, 2019June 30, 2020June 30, 2019
Interest Income    
Loans, including fees$13,699  $12,313  $26,989  $22,783  
Investment securities1,794  2,416  3,788  4,624  
Deposits with other banks and short term investments48  369  332  704  
Total interest income15,541  15,098  31,109  28,111  
Interest expense
Deposits1,403  2,632  3,621  4,754  
Federal Home Loan Bank Advances211  246  468  506  
Paycheck Protection Program Liquidity Facility87    87    
Other borrowings299  395  688  669  
Total interest expense2,000  3,273  4,864  5,929  
Net interest income13,541  11,825  26,245  22,182  
Provision for loan losses2,200  179  4,156  310  
Net interest income after provision for loan losses11,341  11,646  22,089  21,872  
Noninterest income
Service charges on deposits886  1,070  2,190  2,034  
Other service charges, commissions and fees1,522  1,110  2,785  2,010  
Mortgage fee income1,827  544  3,089  687  
Gain on sale of SBA loans46    256    
Gain on sale of securities  65  293  65  
Other562  1,211  791  1,538  
Total noninterest income4,843  4,000  9,404  6,334  
Noninterest Expenses
Salaries and employee benefits7,729  6,292  15,227  11,663  
Occupancy and equipment1,316  1,144  2,634  2,169  
Acquisition related expenses220  1,928  507  1,961  
Other4,110  3,650  8,385  6,247  
Total noninterest expense13,375  13,014  26,753  22,040  
Income before income taxes2,809  2,632  4,740  6,166  
Income taxes595  531  923  1,230  
Net income$2,214  $2,101  $3,817  $4,936  
Net income per share of common stock
Basic$0.23  $0.23  $0.40  $0.56  
Diluted$0.23  $0.23  $0.40  $0.56  
Cash dividends paid per share of common stock$0.10  $0.075  $0.20  $0.15  
Weighted average basic shares outstanding9,498,783  9,089,461  9,498,783  8,764,909  
Weighted average diluted shares outstanding9,498,783  9,089,461  9,498,783  8,764,909  
 See accompanying notes to consolidated financial statements (unaudited).

4


COLONY BANKCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
THREE AND SIX MONTHS ENDED JUNE 30, 2020 AND 2019
(UNAUDITED)
(DOLLARS IN THOUSANDS)
 Three Months EndedSix Months Ended
 June 30, 2020June 30, 2019June 30, 2020June 30, 2019
Net income$2,214  $2,101  $3,817  $4,936  
Other comprehensive income:
Unrealized gains on securities arising during the period
2,195  6,720  8,697  10,724  
Tax effect(461) (1,411) (1,827) (2,252) 
Realized (gains) on sale of available for sale securities  (65) (293) (65) 
Tax effect  14  62  14  
Change in unrealized gains on securities available for sale, net of reclassification adjustment and tax effects
1,734  5,258  6,639  8,421  
Comprehensive income$3,948  $7,359  $10,456  $13,357  

 See accompanying notes to consolidated financial statements (unaudited).

5


COLONY BANKCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2020 AND 2019
(UNAUDITED)
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)

Common Stock
Three Months Ended
SharesAmountPaid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total
Balance, March 31, 2020
$9,499  $9,499  $43,675  $77,631  $5,267  $136,072  
Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effects
—  —  —  —  1,734  1,734  
Dividends on common shares ($0.10 per share)
—  —  —  (950) —  (950) 
 Goodwill adjustment—  —  (485) —  —  (485) 
Stock-based compensation expense
—  —  9  —  —  9  
Net income
—  —  2,214  —  2,214  
Balance, June 30, 2020$9,499  $9,499  $43,199  $78,895  $7,001  $138,594  
Balance, March 31, 2019
$8,445  $8,445  $25,987  $71,661  $(5,027) $101,066  
Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effects
5,258  5,258  
Dividends on common shares ($0.075 per share)
(633) (633) 
Issuance of common stock1,054  1,054  17,655  18,709  
Stock-based compensation expense8  8  
Net income2,101  2,101  
Balance, June 30, 2019$9,499  $9,499  $43,650  $73,129  $231  $126,509  
 See accompanying notes to consolidated financial statements (unaudited).






6


COLONY BANKCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2020 AND 2019
(UNAUDITED)
(DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)

Common Stock
Six Months EndedSharesAmountPaid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total
Balance, December 31, 20199,499  $9,499  $43,667  $76,978  $362  $130,506  
 Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effects
—  —  —  —  6,639  6,639  
Dividends on common shares ($0.20 per share)
—  —  —  (1,900) —  (1,900) 
Goodwill adjustment—  —  (485) —  —  (485) 
Stock-based compensation expense—  —  17  —  —  17  
Net income—  —  —  3,817  —  3,817  
Balance, June 30, 20209,499  $9,499  $43,199  $78,895  $7,001  $138,594  
Balance, December 31, 2018$8,445  $8,445  $25,978  $69,459  $(8,190) $95,692  
 Change in net unrealized gains on securities available for sale, net of reclassification adjustment and tax effect
—  —  —  —  8,421  8,421  
Dividends on common shares ($0.15 per share)
—  —  —  (1,266) —  (1,266) 
Issuance of common stock1,054  1,054  17,655  —  —  18,709  
Stock-based compensation expense—  —  17  —  —  17  
Net income—  —  —  4,936  —  4,936  
Balance, June 30, 20199,499  $9,499  $43,650  $73,129  $231  $126,509  
 See accompanying notes to consolidated financial statements (unaudited).

7


COLONY BANKCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2020 AND 2019
(UNAUDITED)
(DOLLARS IN THOUSANDS)

8


 Six Months Ended
 June 30, 2020June 30, 2019
Operating Activities  
Net income$3,817  $4,936  
Adjustments reconciling net income to net cash provided by operating activities:
Provision for loan losses4,156  310  
Depreciation, amortization, and accretion2,042  1,386  
Share-based compensation expense17  17  
Gain on sale of securities(293) (65) 
Gain on sale of SBA loans(256)   
Loss on sale of other real estate(98) (833) 
Loss on sale of premises & equipment104  149  
Originations of loans held for sale(83,007) (13,404) 
Proceeds from sales of loans held for sale76,802  9,591  
Change in bank-owned life insurance(334) 219  
Change in other assets(2,210) 1,031  
Change in other liabilities2,651  616  
Net cash provided by operating activities3,391  3,953  
Investing Activities
Purchases of investment securities available for sale(79,988) (82,057) 
Proceeds from maturities, calls, and paydowns of investment securities available for sale46,302  27,373  
Proceeds from sale of investment securities available for sale15,314  56,821  
Proceeds from sale of investment securities held to maturity  1,766  
Net loans (147,129) (23,474) 
Purchase of premises and equipment(2,011) (2,576) 
Proceeds from sale of other real estate1,125  2,143  
Redemption of Federal Home Loan Bank Stock334  195  
Proceeds from sale of premises and equipment  37  
Net cash and cash equivalents paid in acquisition  (467) 
Net cash (used in) investing activities(166,053) (20,239) 
Financing Activities
Increase in noninterest-bearing customer deposits96,215  <