Accounting standard newly cited
Filing comparison
COLONY BANKCORP INC cited accounting standard ASU 2025-08 for the first time in this filing series
Effective October 1, 2025, the Company early adopted ASU 2025-08, Financial Instruments - Credit Losses (Topic 326): Purchased Loans, which amended the accounting for certain purchased financial assets.
Evidence
- Adopted
- 2025-08
- Adoption year stated
- 2025
- Contexts
- Effective October 1, 2025, the Company early adopted ASU 2025-08, Financial Instruments - Credit Losses (Topic 326): Purchased Loans, which amended the accounting for certain purchased financial assets.
- New standards
- 2025-08
- Prior filed
- 2025-03-14
- Prior form
- 10-K
- Restates existing policy
- No
- Source
- accounting standards update (ASU) reference comparison
- Why
- An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.