Press Release, and we assume no obligation to update forward-looking statementsor the reasons why actual results could differ.
5
USE OF NON-GAAP FINANCIAL MEASURES
We present a tangible commonequity ratio and a tangible book value per diluted share that removes the effect ofgoodwill and other
intangibles resulting from merger and acquisition activity.We believe thesemeasures are useful to investors because it allows
investors to more easily compare our capital adequacy to other companies in the industry.
The GAAP to non-GAAP reconciliations are provided below.
(Dollars in Thousands, except per share data)
Dec 31, 2021
Sep 30, 2021
Jun 30, 2021
Mar 31, 2021
Dec 31, 2020
Shareowners' Equity (GAAP)
$
383,166
$
348,868
$
335,880
$
324,426
$
320,837
Less: Goodwill and Other Intangibles (GAAP)
93,253
93,293
93,333
89,095
89,095
Tangible Shareowners' Equity (non-GAAP)
A
289,913
255,575
242,547
235,331
231,742
Total Assets (GAAP)
4,263,849
4,048,733
4,011,459
3,929,884
3,798,071
Less: Goodwill and Other Intangibles (GAAP)
93,253
93,293
93,333
89,095
89,095
Tangible Assets (non-GAAP)
B
$
4,170,596
$
3,955,440
$
3,918,126
$
3,840,789
$
3,708,976
Tangible Common Equity Ratio (non-GAAP)
A/B
6.95%
6.46%
6.19%
6.13%
6.25%
Actual Diluted Shares Outstanding (GAAP)
C
16,935,389
16,911,715
16,901,375
16,875,719
16,844,997
Tangible Book Valueper Diluted Share (non-GAAP)
A/C
$
17.12
$
15.11
$
14.35
$
13.94
$
13.76
6
CAPITAL CITY BANKGROUP,INC.
EARNINGS HIGHLIGHTS
Unaudited
Three Months Ended
Twelve Months Ended
(Dollars in thousands, except per share data)
Dec 31, 2021
Sep 30, 2021
Dec 31, 2020
Dec 31, 2021
Dec 31, 2020
EARNINGS
Net Income Attributable to Common Shareowners
$
6,372
$
10,091
$
7,746
$
33,396
$
31,576
Diluted Net Income Per Share
$
0.38
$
0.60
$
0.46
$
1.98
$
1.88
PERFORMANCE
Return on Average Assets
0.61
%
0.99
%
0.84
%
0.84
%
0.93
%
Return on Average Equity
7.22
11.72
8.97
9.92
9.36
Net Interest Margin
2.60
2.98
3.00
2.83
3.30
Noninterest Income as % of Operating Revenue
49.96
48.99
55.00
51.11
52.32
Efficiency Ratio
81.29
%
73.09
%
74.36
%
77.11
%
70.43
%
CAPITAL ADEQUACY
Tier 1 Capital
16.14
%
15.69
%
16.19
%
16.14
%
16.19
%
Total Capital
17.15
16.70
17.30
17.15
17.30
Leverage
8.95
9.05
9.33
8.95
9.33
Common Equity Tier 1
13.86
13.45
13.71
13.86
13.71
Tangible Common Equity
(1)
6.95
6.46
6.25
6.95
6.25
Equity to Assets
8.99
%
8.62
%
8.45
%
8.99
%
8.45
%
ASSET QUALITY
Allowance as % of Non-Performing Loans
499.93
%
710.39
%
405.66
%
499.93
%
405.66
%
Allowance as a % of Loans HFI
1.12
1.11
1.19
1.12
1.19
Net Charge-Offs as % of Average Loans HFI
0.02
0.03
0.09
(0.03)
0.12
Nonperforming Assets as % of Loans HFI and OREO
0.22
0.17
0.33
0.22
0.33
Nonperforming Assets as % of Total Assets
0.10
%
0.08
%
0.18
%
0.10
%
0.18
%
STOCK PERFORMANCE
High
$
29.00
$
26.10
$
26.35
$
29.00
$
30.62
Low
24.77
22.02
18.14
21.42
15.61
Close
$
26.40
$
24.74
$
24.58
$
26.40
$
24.58
Average Daily Trading Volume
29,900
30,515
22,271
29,919
35,125
(1)
Tangible common equity ratio is a non-GAAP financial measure.For additional information, including a reconciliation to GAAP, refer to
Page 5.
7
CAPITAL CITY BANK GROUP, INC.
CONSOLIDATED STATEMENTOF FINANCIAL CONDITION
Unaudited
2021
2020
(Dollars in thousands)
Fourth Quarter
Third Quarter
Second Quarter
First Quarter
Fourth Quarter
ASSETS
Cash and Due From Banks
$
65,313
$
73,132
$
78,894
$
73,973
$
67,919
Funds Sold and Interest Bearing Deposits
970,041
708,988
766,920
851,910
860,630
Total Cash and Cash Equivalents
1,035,354
782,120
845,814
925,883
928,549
Investment Securities Available for Sale
654,611
645,844
480,890
406,245
324,870
Investment Securities Held to Maturity
339,601
341,228
325,559
199,109
169,939
Other Equity Securities
861
-
-
-
-
Total Investment Securities
995,073
987,072
806,449
605,354
494,809
Loans Held for Sale
52,532
77,036
80,821
82,081
114,039
Loans Held for Investment ("HFI"):
Commercial, Financial, & Agricultural
223,086
218,929
292,953
413,819
393,930
Real Estate - Construction
174,394
177,443
149,884
138,104
135,831
Real Estate - Commercial
663,550
683,379
707,599
669,158
648,393
Real Estate - Residential
346,756
355,958
362,018
358,849
342,664
Real Estate - Home Equity
187,821
187,642
190,078
202,099
205,479
Consumer
321,511
309,983
298,464
267,666
269,520
Other Loans
13,265
6,792
6,439
7,082
9,879
Overdrafts
1,082
1,299
1,227
950
730
Total Loans Held for Investment
1,931,465
1,941,425
2,008,662
2,057,727
2,006,426
Allowance for Credit Losses
(21,606)
(21,500)
(22,175)
(22,026)
(23,816)
Loans Held for Investment, Net
1,909,859
1,919,925
1,986,487
2,035,701
1,982,610
Premises and Equipment, Net
83,412
84,750
85,745
86,370
86,791
Goodwill and Other Intangibles
93,253
93,293
93,333
89,095
89,095
Other Real Estate Owned
17
192
1,192
110
808
Other Assets
94,349
104,345
111,618
105,290
101,370
Total Other Assets
271,031
282,580
291,888
280,865
278,064
Total Assets
$
4,263,849
$
4,048,733
$
4,011,459
$
3,929,884
$
3,798,071
LIABILITIES
Deposits:
Noninterest Bearing Deposits
$
1,668,912
$
1,592,345
$
1,552,864
$
1,473,891
$
1,328,809
NOW Accounts
1,070,154
926,201
970,705
993,571
1,046,408
Money Market Accounts
274,611
286,065
280,805
269,041
266,649
Regular Savings Accounts
599,811
559,714
539,477
518,373
474,100
Certificates of Deposit
99,374
101,637
103,070
103,232
101,594
Total Deposits
3,712,862
3,465,962
3,446,921
3,358,108
3,217,560
Short-Term Borrowings
34,557
51,410
47,200
55,687
79,654
Subordinated Notes Payable
52,887
52,887
52,887
52,887
52,887
Other Long-Term Borrowings
884
1,610
1,720
1,829
3,057
Other Liabilities
67,735
113,720
105,534
109,487
102,076
Total Liabilities
3,868,925
3,685,589
3,654,262
3,577,998
3,455,234
Temporary Equity
11,758
14,276
21,317
27,460
22,000
SHAREOWNERS' EQUITY
Common Stock
169
169
169
169
168
Additional Paid-In Capital
34,423
33,876
33,560
32,804
32,283
Retained Earnings
364,788
359,550
345,574
335,324
332,528
Accumulated Other Comprehensive Loss, Net of Tax
(16,214)
(44,727)
(43,423)
(43,871)
(44,142)
Total Shareowners' Equity
383,166
348,868
335,880
324,426
320,837
Total Liabilities, Temporary Equity and Shareowners' Equity
$
4,263,849
$
4,048,733
$
4,011,459
$
3,929,884
$
3,798,071
OTHER BALANCE SHEET DATA
Earning Assets
$
3,949,111
$
3,714,521
$
3,662,852
$
3,597,071
$
3,475,904
Interest Bearing Liabilities
2,132,278
1,979,524
1,995,864
1,994,620
2,024,349
Book Value Per Diluted Share
$
22.63
$
20.63
$
19.87
$
19.22
$
19.05
Tangible Book ValuePer Diluted Share
(1)
17.12
15.11
14.35
13.94
13.76
Actual Basic Shares Outstanding
16,892
16,878
16,874
16,852
16,791
Actual Diluted Shares Outstanding
16,935
16,912
16,901
16,876
16,845
(1)
Tangible book value per diluted share is a non-GAAP financial measure.For additional information, including a reconciliation to GAAP, refer to Page 5.
8
CAPITAL CITY BANKGROUP,INC.
CONSOLIDATED STATEMENTOF OPERATIONS
Unaudited
2021
2020
December 31,
(Dollars in thousands, except per share data)
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Fourth
Quarter
2021
2020
INTEREST INCOME
Interest and Fees on Loans
$
22,744
$
25,885
$
24,582
$
23,350
$
23,878
$
96,561
$
94,752
Investment Securities
2,505
2,350
2,054
1,883
2,096
8,792
10,274
Funds Sold
300
285
200
213
180
998
1,171
Total Interest Income
25,549
28,520
26,836
25,446
26,154
106,351
106,197
INTEREST EXPENSE
Deposits
213
210
208
208
201
839
1,548
Short-Term Borrowings
307
317
324
412
639
1,360
1,690
Subordinated Notes Payable
306
307
308
307
311
1,228
1,472
Other Long-Term Borrowings
12
14
16
21
30
63
161
Total Interest Expense
838
848
856
948
1,181
3,490
4,871
Net Interest Income
24,711
27,672
25,980
24,498
24,973
102,861
101,326
Provision for Credit Losses
-
-
(571)
(982)
1,342
(1,553)
9,645
Net Interest Income after Provision for Credit Losses
24,711
27,672
26,551
25,480
23,631
104,414
91,681
NONINTEREST INCOME
Deposit Fees
5,300
5,075
4,236
4,271
4,713
18,882
17,800
Bank Card Fees
3,872
3,786
3,998
3,618
3,462
15,274
13,044
Wealth Management Fees
3,706
3,623
3,274
3,090
3,069
13,693
11,035
Mortgage Banking Revenues
9,800
12,283
13,217
17,125
17,711
52,425
63,344
Other
1,994
1,807
1,748
1,722
1,568
7,271
5,942
Total Noninterest Income
24,672
26,574
26,473
29,826
30,523
107,545
111,165
NONINTEREST EXPENSE
Compensation
24,783
25,245
25,378
26,064
26,722
101,470
96,280
Occupancy, Net
5,960
6,032
5,973
5,967
5,976
23,932
22,659
Other Real Estate, Net
26
(1,126)
(270)
(118)
567
(1,488)
104
Pension Settlement
572
500
2,000
-
-
3,072
-
Other
8,866
9,051
9,042
8,563
8,083
35,522
30,919
Total Noninterest Expense
40,207
39,702
42,123
40,476
41,348
162,508
149,962
OPERATING PROFIT
9,176
14,544
10,901
14,830
12,806
49,451
52,884
Income Tax Expense
2,040
2,949
2,059
2,787
2,833
9,835
10,230
Net Income
7,136
11,595
8,842
12,043
9,973
39,616
42,654
Pre-Tax Income Attributable to Noncontrolling Interest
(764)
(1,504)
(1,415)
(2,537)
(2,227)
(6,220)
(11,078)
NET INCOME ATTRIBUTABLETO
COMMON SHAREOWNERS
$
6,372
$
10,091
$
7,427
$
9,506
$
7,746
$
33,396
$
31,576
PER COMMON SHARE
Basic Net Income
$
0.38
$
0.60
$
0.44
$
0.56
$
0.46
$
1.98
$
1.88
Diluted Net Income
0.38
0.60
0.44
0.56
0.46
1.98
1.88
Cash Dividend
$
0.16
$
0.16
$
0.15
$
0.15
$
0.15
$
0.62
$
0.57
AVERAGESHARES
Basic
16,880
16,875
16,858
16,838
16,763
16,863
16,785
Diluted
16,923
16,909
16,885
16,862
16,817
16,893
16,822
9
CAPITAL CITY BANK GROUP,INC.
ALLOWANCE FOR CREDIT LOSSES ("ACL")
AND RISK ELEMENT ASSETS
Unaudited
2021
2020
December 31,
(Dollars in thousands, except per share data)
Fourth
Quarter
Third
Quarter
Second
Quarter
First
Quarter
Fourth
Quarter
2021
2020
ACL - HELD FOR INVESTMENT LOANS
Balance at Beginning of Period
$
21,500
$
22,175
$
22,026
$
23,816
$
23,137
$
23,816
$
13,905
Impact of Adopting ASC 326 (CECL)
-
-
-
-
-
-
3,269
Provision for Credit Losses
200
(546)
(184)
(2,312)
1,165
(2,842)
9,035
Net Charge-Offs (Recoveries)
94
129
(333)
(522)
486
(632)
2,393
Balance at End of Period
$
21,606
$
21,500
$
22,175
$
22,026
$
23,816
$
21,606
$
23,816
As a % of Loans HFI
1.12%
1.11%
1.10%
1.07%
1.19%
1.12%
1.19%
As a % of Nonperforming Loans
499.93%
710.39%
433.93%
410.78%
405.66%
499.93%
405.66%
ACL - DEBT SECURITIES
Provision for Credit Losses
$
20
$
16
$
-
$
-
$
-
$
36
$
-
ACL - UNFUNDED COMMITMENTS
Balance at Beginning of Period
3,117
$
2,587
$
2,974
$
1,644
$
1,467
$
1,644
$
157
Impact of Adopting ASC 326 (CECL)
-
-
-
-
-
-
876
Provision for Credit Losses
(220)
530
(387)
1,330
177
1,253
611
Balance at End of Period
(1)
2,897
3,117
2,587
2,974
1,644
2,897
1,644
CHARGE-OFFS
Commercial, Financial and Agricultural
$
101
$
37
$
32
$
69
$
104
$
239
$
789
Real Estate - Construction
-
-
-
-
-
-
-
Real Estate - Commercial
-
405
-
-
-
405
28
Real Estate - Residential
20
17
65
6
38
108
150
Real Estate - Home Equity
9
15
74
5
10
103
151
Consumer
254
221
230
564
668
1,269
2,785
Overdrafts
678
1,093
440
492
564
2,703
2,257
Total Charge-Offs
$
1,062
$
1,788
$
841
$
1,136
$
1,384
$
4,827
$
6,160
RECOVERIES
Commercial, Financial and Agricultural
$
148
$
66
$
103
$
136
$
64
$
453
$
252
Real Estate - Construction
-
10
-
-
50
10
50
Real Estate - Commercial
25
169
26
645
27
865
318
Real Estate - Residential
33
401
244
75
153
753
279
Real Estate - Home Equity
173
46
70
124
40
413
178
Consumer
214
334
332
311
306
1,191
1,219
Overdrafts
375
633
399
367
258
1,774
1,471
Total Recoveries
$
968
$
1,659
$
1,174
$
1,658
$
898
$
5,459
$
3,767
NET CHARGE-OFFS (RECOVERIES)
$
94
$
129
$
(333)
$
(522)
$
486
$
(632)
$
2,393
Net Charge-Offs as a % of Average Loans HFI
(2)
0.02%
0.03%
(0.07)%
(0.10)%
0.09%
(0.03)%
0.12%
RISK ELEMENT ASSETS
Nonaccruing Loans
$
4,322
$
3,026
$
5,110
$
5,362
$
5,871
Other Real Estate Owned
17
192
1,192
110
808
Total Nonperforming Assets ("NPAs")
$
4,339
$
3,218
$
6,302
$
5,472
$
6,679
Past Due Loans 30-89 Days
$
3,600
$
3,360
$
3,745
$
2,622
$
4,594
Past Due Loans 90 Days or More
-
-
-
-
-
Classified Loans
17,912
16,310
19,397
20,608
17,631
Performing Troubled Debt Restructurings
$
7,643
$
7,919
$
8,992
$
13,597
$
13,887
Nonperforming Loans as a % of Loans HFI
0.22%
0.16%
0.25%
0.26%
0.29%
NPAs as a % of Loans HFI and Other Real Estate
0.22%
0.17%
0.31%
0.27%
0.33%
NPAs as a % ofTotal Assets
0.10%
0.08%
0.16%
0.14%
0.18%
(1)
Recorded in other liabilities
(2)
Annualized
10
CAPITAL CITY BANK GROUP,INC.
AVERAGEBALANCE AND INTEREST RATES
Unaudited
Fourth Quarter 2021
Third Quarter 2021
Second Quarter 2021
First Quarter 2021
Fourth Quarter 2020
Dec 2021 YTD
Dec 2020 YTD
(Dollars in thousands)
Average
Balance
Interest
Average
Rate
Average
Balance
Interest
Average
Rate
Average
Balance
Interest
Average
Rate
Average
Balance
Interest
Average
Rate
Average
Balance
Interest
Average
Rate
Average
Balance
Interest
Average
Rate
Average
Balance
Interest
Average
Rate
ASSETS:
Loans Held for Sale
$
62,809
$
522
3.29
%
$
67,753
$
497
2.91
%
$
77,101
$
566
2.94
%
$
106,242
970
3.70
%
$
121,052
$
878
3.85
%
$
78,328
$
2,555
3.24
%
$
81,125
$
2,895
3.57
%
Loans Held for Investment
(1)
1,948,324
22,296
4.54
1,974,132
25,458
5.12
2,036,781
24,095
4.74
2,044,363
22,483
4.46
1,993,470
23,103
4.55
2,000,563
94,332
4.76
1,957,576
92,261
4.71
Investment Securities
Taxable Investment Securities
987,700
2,493
1.00
904,962
2,333
1.03
687,882
2,036
1.18
528,842
1,863
1.41
513,277
2,072
1.61
778,953
8,725
1.12
574,199
10,176
1.77
Tax-Exempt Investment Securities
(1)
3,380
17
2.07
4,332
25
2.31
3,530
23
2.58
3,844
25
2.61
4,485
30
2.71
3,772
90
2.39
5,123
124
2.42
Total Investment Securities
991,080
2,510
1.01
909,294
2,358
1.03
691,412
2,059
1.19
532,686
1,888
1.42
517,762
2,102
1.62
782,725
8,815
1.12
579,322
10,300
1.78
Funds Sold
789,100
300
0.15
741,944
285
0.15
818,616
200
0.10
814,638
213
0.11
705,125
180
0.10
790,870
998
0.13
465,652
1,171
0.25
Total Earning Assets
3,791,313
$
25,628
2.68
%
3,693,123
$
28,598
3.07
%
3,623,910
$
26,920
2.98
%
3,497,929
$
25,554
2.96
%
3,337,409
$
26,263
3.14
%
3,652,486
$
106,700
2.92
%
3,083,675
$
106,627
3.46
%
Cash and Due From Banks
73,752
72,773
74,076
68,978
73,968
72,409
68,386
Allowance for Loan Losses
(22,127)
(22,817)
(22,794)
(24,128)
(23,725)
(22,960)
(20,690)
Other Assets
284,999
283,534
281,157
278,742
264,784
282,129
259,700
Total Assets
$
4,127,937
$
4,026,613
$
3,956,349
$
3,821,521
$
3,652,436
$
3,984,064
$
3,391,071
LIABILITIES:
Interest Bearing Deposits
NOW Accounts
$
963,778
$
72
0.03
%
$
945,788
$
72
0.03
%
$
966,649
$
74
0.03
%
$
985,517
$
76
0.03
%
$
879,564
$
66
0.03
%
$
965,320
$
294
0.03
%
$
826,280
$
930
0.11
%
Money Market Accounts
289,335
34
0.05
282,860
34
0.05
272,138
33
0.05
269,829
33
0.05
261,543
34
0.05
278,606
134
0.05
235,931
223
0.09
Savings Accounts
573,563
71
0.05
551,383
68
0.05
529,844
64
0.05
492,252
60
0.05
466,116
57
0.05
537,023
263
0.05
423,529
207
0.05
Time Deposits
101,037
36
0.14
102,765
36
0.14
102,995
37
0.15
102,089
39
0.15
102,809
44
0.17
102,220
148
0.14
104,393
188
0.18
Total Interest Bearing Deposits
1,927,713
213
0.04
%
1,882,796
210
0.04
%
1,871,626
208
0.04
%
1,849,687
208
0.05
%
1,710,032
201
0.05
%
1,883,169
839
0.04
%
1,590,133
1,548
0.10
%
Short-Term Borrowings
46,355
307
2.63
%
49,773
317
2.53
%
51,152
324
2.54
%
67,033
412
2.49
%
95,280
639
2.67
%
53,511
1,360
2.54
%
69,119
1,690
2.44
%
Subordinated Notes Payable
52,887
306
2.26
52,887
307
2.27
52,887
308
2.30
52,887
307
2.32
52,887
311
2.30
52,887
1,228
2.29
52,887
1,472
2.74
Other Long-Term Borrowings
1,414
12
3.50
1,652
14
3.37
1,762
16
3.38
2,736
21
3.18
3,700
30
3.18
1,887
63
3.33
5,304
161
3.03
Total Interest Bearing Liabilities
2,028,369
$
838
0.16
%
1,987,108
$
848
0.17
%
1,977,427
$
856
0.17
%
1,972,343
$
948
0.19
%
1,861,899
$
1,181
0.25
%
1,991,454
$
3,490
0.18
%
1,717,443
$
4,871
0.28
%
Noninterest Bearing Deposits
1,621,432
1,564,892
1,515,726
1,389,821
1,356,104
1,523,717
1,254,214
Other Liabilities
114,657
112,707
107,801
111,050
74,605
111,567
72,400
Total Liabilities
3,764,458
3,664,707
3,600,954
3,473,214
3,292,608
3,626,738
3,044,057
Temporary Equity
13,339
20,446
26,355
21,977
16,154
20,505
9,701
SHAREOWNERS' EQUITY:
350,140
341,460
329,040
326,330
343,674
336,821
337,313
Total Liabilities, TemporaryEquity and
Shareowners' Equity
$
4,127,937
$
4,026,613
$
3,956,349
$
3,821,521
$
3,652,436
$
3,984,064
$
3,391,071
Interest Rate Spread
$
24,790
2.52
%
$
27,750
2.91
%
$
26,064
2.81
%
$
24,606
2.77
%
$
25,082
2.88
%
$
103,210
2.75
%
$
101,756
3.18
%
Interest Income and Rate Earned
(1)
25,628
2.68
28,598
3.07
26,920
2.98
25,554
2.96
26,263
3.14
106,700
2.92
106,627
3.46
Interest Expense and Rate Paid
(2)
838
0.09
848
0.09
856
0.09
948
0.11
1,181
0.14
3,490
0.10
4,871
0.16
Net Interest Margin
$
24,790
2.60
%
$
27,750
2.98
%
$
26,064
2.89
%
$
24,606
2.85
%
$
25,082
3.00
%
$
103,210
2.83
%
$
101,756
3.30
%
(1)
Interest and average rates arecalculated on a tax-equivalent basis using a 21% Federal tax rate.
(2)
Rate calculated based on average earning assets.
11
CAPITAL CITY HOMELOANS
MORTGAGE BANKING ACTIVITY
Unaudited
Three Months Ended
Twelve MonthsEnded
(Dollars in thousands)
Dec 31, 2021
Sep 30, 2021
Dec 31, 2020
Dec 31, 2021
Dec 31, 2020
Net Interest Income
$
35
$
(30)
$
43
$
(129)
$
184
Mortgage Banking Fees
9,800
12,293
17,409
52,055
61,455
Other
470
455
363
1,776
950
Total Noninterest Income
10,270
12,748
17,772
53,831
62,405
Salaries
6,643
7,600
10,398
33,057
31,774
Other Associate Benefits
202
215
200
848
645
Total Compensation
6,845
7,815
10,598
33,905
32,419
Occupancy, Net
743
849
920
3,307
2,764
Other
1,312
1,292
1,751
5,064
4,798
Total Noninterest Expense
8,900
9,956
13,269
42,276
39,981
Operating Profit
$
1,405
$
2,762
$
4,546
$
11,426
$
22,608
Key Performance Metrics
Total Loans Closed
$
294,237
$
360,167
$
520,039
$
1,523,858
$
1,659,719
Total Loans Closed - Mix
Purchase
76%
71%
61%
71%
60%
Refinance
24%
29%
39%
29%
40%
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Disclaimer
Capital City Bank Group Inc. published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 15:56:01 UTC.
Capital City Bank Group, Inc. is a financial holding company. The Company provides a full range of banking and banking-related services to individual and corporate clients through its wholly owned subsidiary, Capital City Bank (the Bank). The Company provides two principal services include Banking Services and Wealth Management Services. It provides a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. The Company offers its customers access to retail investment products through LPL Financial under, which retail investment products would be offered through LPL. The Bank has approximately 63 banking offices and 103 automated teller machines ATMs/ interactive teller machines (ITMs) in Florida, Georgia, and Alabama.