# CAPITAL CITY BANK GROUP INC (CCBG)

Informational only - not investment advice.

CIK: 0000726601
SIC: 6022 State Commercial Banks
SIC breadcrumb: [Finance, Insurance, And Real Estate](/division/H/) > [Depository Institutions](/major-group/60/) > [SIC 6022 State Commercial Banks](/industry/6022/)
Latest 10-K filed: 2026-02-27
SEC page: https://www.sec.gov/edgar/browse/?CIK=726601
Filing source: https://www.sec.gov/Archives/edgar/data/726601/000072660126000007/ccbg-20251231.htm

## At a glance

FY2025 · period end 2025-12-31 · filed 2026-02-27 · accession 0000726601-26-000007 · source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000726601.json

| Metric | Value | FY | Provenance |
| --- | ---: | ---: | --- |
| Revenue | 204,387,000 USD | 2025 | verified |
| Net income | 61,557,000 USD | 2025 | verified |
| Assets | 4,385,765,000 USD | 2025 | verified |
| Free cash flow | 80,025,000 USD | 2025 | computed |
| Net margin | 30.12% | 2025 | computed |
| Revenue YoY | +5.00% | 2025 | computed |
| ROE | 11.13% | 2025 | computed |

Computed values are grepcent-computed from the verified facts above and may differ from ratios the company itself reports. Free cash flow = operating cash flow − capital expenditures. Net margin = net income ÷ revenue. Revenue YoY = FY2025 revenue ÷ FY2024 revenue − 1 (consecutive fiscal years only). ROE = net income ÷ period-end stockholders' equity.

No market price, no rating, no forecast on this site. Not investment advice.

### Peer percentile fingerprint

| Ratio | CCBG | Peer median | Percentile | N |
| --- | ---: | ---: | ---: | ---: |
| Net margin | 30.1% | 21.9% | 86 | 149 |
| Revenue growth | 5.0% | 6.0% | 48 | 148 |
| FCF margin | 39.2% | 23.8% | 90 | 133 |
| ROE | 11.1% | 9.6% | 64 | 149 |
| ROA | 1.4% | 1.1% | 80 | 149 |
| Liabilities / equity | 6.93 | 8.04 | 26 | 149 |

Percentile = share of the N covered peers reporting that ratio whose value is lower (ties counted half); computed among grepcent-covered companies in SIC industry 6022 State Commercial Banks, not the whole market. A higher percentile means a higher value of the ratio, not a better company. Ratios with fewer than 8 reporting peers are omitted. Latest reported values per company; fiscal periods may differ. Descriptive arithmetic - not a score, rating, or ranking.

## Selected Fundamentals
| Metric | Value | Unit | FY | Filed |
| --- | ---: | --- | ---: | --- |
| Revenue | 204387000 | USD | 2025 | 2026-02-27 |
| Net income | 61557000 | USD | 2025 | 2026-02-27 |
| Assets | 4385765000 | USD | 2025 | 2026-02-27 |

## Financials

Annual standardized facts from SEC companyfacts as of latest extracted filing date 2026-02-27. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000726601.json. Derived margins, ratios, and free cash flow are computed from the extracted annual SEC facts.

| Metric | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue |  | 81,154,000 | 86,930,000 | 99,395,000 | 112,836,000 | 106,197,000 | 106,351,000 | 131,910,000 | 181,068,000 | 194,657,000 | 204,387,000 |
| Net income |  | 11,746,000 | 10,863,000 | 26,224,000 | 30,807,000 | 31,576,000 | 33,396,000 | 33,412,000 | 52,258,000 | 52,915,000 | 61,557,000 |
| Diluted EPS |  | 0.69 | 0.64 | 1.54 | 1.83 | 1.88 | 1.98 | 1.97 | 3.07 | 3.12 | 3.60 |
| Operating cash flow | 33,761,000 |  | 38,777,000 | 34,626,000 | 53,689,000 | -48,611,000 | 122,170,000 | 92,692,000 | 54,782,000 | 63,573,000 | 87,614,000 |
| Capital expenditures |  | 4,450,000 | 3,997,000 | 1,458,000 | 3,759,000 | 9,738,000 | 5,193,000 | 6,322,000 | 7,046,000 | 8,688,000 | 7,589,000 |
| Dividends paid |  | 2,890,000 | 4,071,000 | 5,457,000 | 8,047,000 | 9,567,000 | 10,459,000 | 11,191,000 | 12,905,000 | 14,906,000 | 17,063,000 |
| Share buybacks |  | 6,312,000 | 0.00 | 8,030,000 | 1,805,000 | 2,042,000 | 0.00 | 0.00 | 3,710,000 | 2,330,000 | 0.00 |
| Assets |  | 2,845,197,000 | 2,898,794,000 | 2,959,183,000 | 3,088,953,000 | 3,798,071,000 | 4,263,849,000 | 4,519,223,000 | 4,304,477,000 | 4,324,932,000 | 4,385,765,000 |
| Liabilities |  | 2,570,029,000 | 2,614,584,000 | 2,656,596,000 | 2,761,937,000 | 3,455,234,000 | 3,868,925,000 | 4,123,185,000 | 3,856,445,000 | 3,829,615,000 | 3,832,914,000 |
| Stockholders' equity |  | 275,168,000 | 284,210,000 | 302,587,000 | 327,016,000 | 320,837,000 | 383,166,000 | 387,281,000 | 440,625,000 | 495,317,000 | 552,851,000 |
| Free cash flow |  |  | 34,780,000 | 33,168,000 | 49,930,000 | -58,349,000 | 116,977,000 | 86,370,000 | 47,736,000 | 54,885,000 | 80,025,000 |

### Ratios

ROE and ROA use period-end equity/assets. Liabilities / equity uses total liabilities divided by stockholders' equity. Current ratio uses current assets divided by current liabilities when both are reported.

| Metric | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Net margin |  | 14.47% | 12.50% | 26.38% | 27.30% | 29.73% | 31.40% | 25.33% | 28.86% | 27.18% | 30.12% |
| Return on equity |  | 4.27% | 3.82% | 8.67% | 9.42% | 9.84% | 8.72% | 8.63% | 11.86% | 10.68% | 11.13% |
| Return on assets |  | 0.41% | 0.37% | 0.89% | 1.00% | 0.83% | 0.78% | 0.74% | 1.21% | 1.22% | 1.40% |
| Liabilities / equity |  | 9.34 | 9.20 | 8.78 | 8.45 | 10.77 | 10.10 | 10.65 | 8.75 | 7.73 | 6.93 |

## As-reported value updates

5 tracked differences above grepcent's stated thresholds were found between the earliest XBRL-filed value and the value currently on file for the same fiscal period.

Ledger: /company/CCBG/revisions/


## Quarterly

Quarterly standardized facts from SEC companyfacts as of latest extracted filing date 2026-04-28. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000726601.json.

Flow metrics use discrete quarter-length periods from 10-Q/10-Q/A filings. Q4 revenue and net income are derived only when annual FY and nine-month YTD facts exist for the same fiscal year; derived Q4 values are labeled. EPS Q4 is not derived.

| Quarter | End date | Revenue | Net income | Diluted EPS | Method |
| --- | --- | ---: | ---: | ---: | --- |
| 2022-Q2 | 2022-06-30 |  |  | 0.51 | reported discrete quarter |
| 2022-Q3 | 2022-09-30 |  |  | 0.67 | reported discrete quarter |
| 2023-Q1 | 2023-03-31 |  |  | 0.88 | reported discrete quarter |
| 2023-Q2 | 2023-06-30 | 45,205,000 | 14,174,000 | 0.83 | reported discrete quarter |
| 2023-Q3 | 2023-09-30 | 45,753,000 | 12,655,000 | 0.74 | reported discrete quarter |
| 2023-Q4 | 2023-12-31 | 46,182,000 | 11,719,000 |  | derived Q4 = FY annual - nine-month YTD |
| 2024-Q1 | 2024-03-31 | 46,820,000 | 12,557,000 | 0.74 | reported discrete quarter |
| 2024-Q2 | 2024-06-30 | 48,766,000 | 14,150,000 | 0.83 | reported discrete quarter |
| 2024-Q3 | 2024-09-30 | 49,328,000 | 13,118,000 | 0.77 | reported discrete quarter |
| 2024-Q4 | 2024-12-31 | 49,743,000 | 13,090,000 |  | derived Q4 = FY annual - nine-month YTD |
| 2025-Q1 | 2025-03-31 | 49,782,000 | 16,858,000 | 0.99 | reported discrete quarter |
| 2025-Q2 | 2025-06-30 | 51,459,000 | 15,044,000 | 0.88 | reported discrete quarter |
| 2025-Q3 | 2025-09-30 | 51,431,000 | 15,950,000 | 0.93 | reported discrete quarter |
| 2025-Q4 | 2025-12-31 | 51,715,000 | 13,705,000 |  | derived Q4 = FY annual - nine-month YTD |
| 2026-Q1 | 2026-03-31 | 51,020,000 | 15,817,000 | 0.92 | reported discrete quarter |

## Filed narrative (10-K & 10-Q)

## Business

Verbatim Item 1 Business section from CCBG's latest 10-K: [/company/CCBG/business/](/company/CCBG/business/).

## Latest quarter (10-Q)

Latest 10-Q source: https://www.sec.gov/Archives/edgar/data/726601/000072660126000024/ccbg-20260630.htm

Extracted structurally from real Item 2 body heading to real Item 3/4 boundary. Published MD&A gate trimmed front/tail over-capture.
Confidence: high
Filing date: 2026-07-29
Report date: 2026-06-30

Item 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS

OF FINANCIAL CONDITION AND RESULTS

OF

OPERATIONS

Management’s discussion

and analysis (“MD&A”) provides supplemental information, which sets forth

the major factors that have

affected our financial condition and results of operations

and should be read in conjunction with the Consolidated Financial

Statements and related notes.

The following information should provide a better understanding of

the major factors and trends that

affect our earnings performance and financial condition,

and how our performance during the second quarter of 2026 compares with

prior periods.

Throughout this section, Capital City Bank Group, Inc., and subsidiaries, collectively,

is referred to as “CCBG,”

“Company,”

“we,” “us,” or “our.”

CAUTION CONCERNING FORWARD

-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q, including this MD&A section,

contains “forward-looking statements”

within the meaning of the

Private Securities Litigation Reform Act of 1995.

These forward-looking statements include, among others, statements about

our

beliefs, plans, objectives, goals, expectations, estimates and intentions that are

subject to significant risks and uncertainties and are

subject to change based on various factors, many of which are beyond

our control.

The words “may,”

“could,” “should,” “would,”

“believe,” “anticipate,” “contemplate,” “estimate,” “expect,” “intend,”

“plan,” “point to,” “project,” “target,” “vision,” “goal,”

“continue,” “further,” and similar expressions

are intended to identify forward-looking statements.

All forward-looking statements, by their nature, are subject to risks and uncertainties.

Our actual future results may differ materially

from those set forth in our forward-looking statements.

Please see the Introductory Note of this quarterly report on Form 10-Q as well

as the Introductory Note and

Item 1A. Risk Factors

of our 2025 Form 10-K, as updated in our subsequent quarterly reports filed

on

Form 10-Q, and in our other filings made from time to time with the SEC after the date

of this report.

However, other factors besides those listed in our

Quarterly Report or in our Annual Report also could adversely affect our

results,

and you should not consider any such list of factors to be a complete set of all potential risks or

uncertainties.

Any forward-looking

statements made by us or on our behalf speak only as of the date they are made.

We do not undertake to

update any forward-looking

statement, except as required by applicable law.

BUSINESS OVERVIEW

We are a financial

holding company headquartered in Tallahassee,

Florida, and we are the parent of our wholly owned subsidiary,

Capital City Bank (the “Bank” or “CCB”).

We offer

a broad array of products and services through a total of 62 full-service offices

and 107 ATMs/ITMs

located in Florida, Georgia, and Alabama.

Through Capital City Home Loans, LLC (“CCHL”), we have 27

additional offices in the Southeast for our mortgage banking business.

We provide

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 life insurance products

,

risk management and asset protection services.

Our profitability, like

most financial institutions, is dependent to a large extent upon net

interest income, which is the difference

between the interest and fees received on interest earning assets, such as loans and

securities, and the interest paid on interest-bearing

liabilities, principally deposits and borrowings.

Results of operations are also affected by the provision for credit losses, operating

expenses such as salaries and employee benefits, occupancy and other

operating expenses including income taxes, and noninterest

income such as mortgage banking revenues, wealth management fees,

deposit fees, and bank card fees.

We have included

a detailed discussion of our long-term strategic objectives as part of the MD&A section

of our 2025 Form 10-K.

38

NON-GAAP FINANCIAL MEASURES (UNAUDITED)

We present a tangible

common equity ratio and a tangible book value per diluted share that, in each case, removes the

effect of

goodwill and other intangibles that resulted from merger

and acquisition activity. We

believe these measures are useful to investors

because they allow investors to more easily compare our capital adequacy

to other companies in the industry.

Non-GAAP financial

measures should not be considered alternatives to generally accepted

accounting principles (“GAAP”)-basis financial statements and

other bank holding companies may define or calculate these non-GAAP measures

or similar measures differently.

The GAAP to non-GAAP reconciliation for each quarter presented is provided

below.

2026

2025

(Dollars in Thousands, except per share data)

Second

First

Fourth

Third

Second

Shareowners' Equity (GAAP)

$

570,095

$

559,912

$

552,851

$

540,635

$

526,423

Less: Goodwill and Other Intangibles (GAAP)

89,095

89,095

89,095

89,095

92,693

Tangible Shareowners' Equity (non-GAAP)

A

481,000

470,817

463,756

451,540

433,730

Total Assets (GAAP)

4,450,483

4,453,734

4,385,765

4,323,774

4,391,753

Less: Goodwill and Other Intangibles (GAAP)

89,095

89,095

89,095

89,095

92,693

Tangible Assets (non-GAAP)

B

$

4,361,388

$

4,364,639

$

4,296,670

$

4,234,679

$

4,299,060

Tangible Common Equity Ratio (non-GAAP)

A/B

11.03%

10.79%

10.79%

10.66%

10.09%

Actual Diluted Shares Outstanding (GAAP)

C

17,135,824

17,114,954

17,154,586

17,115,336

17,097,986

Tangible Book Value

per Diluted Share (non-GAAP)

A/C

28.07

27.51

27.03

26.38

25.37

39

SELECTED QUARTERLY

FINANCIAL DATA

(UNAUDITED)

2026

2025

(Dollars in Thousands, Except Per Share Data)

Second

First

Fourth

Third

Second

Summary of Operations

:

Interest Income

$

51,838

$

51,020

$

51,715

$

51,431

$

51,459

Interest Expense

7,640

8,203

8,355

7,874

8,275

Net Interest Income

44,198

42,817

43,360

43,557

43,184

Provision for Credit Losses

919

712

1,995

1,881

620

Net Interest Income After

Provision for Credit Losses

43,279

42,105

41,365

41,676

42,564

Noninterest Income

20,599

19,933

20,103

22,331

20,014

Noninterest Expense

42,640

41,373

42,867

42,916

42,538

Income Before Income Taxes

21,238

20,665

18,601

21,091

20,040

Income Tax Expense

4,961

4,848

4,896

5,141

4,996

Net Income Attributable to CCBG

16,277

15,817

13,705

15,950

15,044

Net Interest Income (FTE)

(1)

44,241

42,857

43,404

43,602

43,228

Per Common Share

:

Net Income Basic

$

0.95

$

0.92

$

0.80

$

0.93

$

0.88

Net Income Diluted

0.95

0.92

0.80

0.93

0.88

Cash Dividends Declared

0.27

0.27

0.26

0.26

0.24

Diluted Book Value

33.27

32.71

32.23

31.59

30.79

Diluted Tangible Book Value

(2)

28.07

27.51

27.03

26.38

25.37

Market Price:

High

51.04

46.83

45.63

44.69

39.82

Low

42.79

39.26

38.27

38.00

32.38

Close

49.42

43.46

42.57

41.79

39.35

Selected Average Balances

:

Investment Securities

$

1,167,321

$

1,119,125

$

1,006,040

$

993,880

$

1,007,981

Loans Held for Investment

2,505,875

2,538,318

2,568,073

2,606,213

2,652,572

Earning Assets

4,068,827

4,089,838

4,035,910

3,981,530

4,032,008

Total Assets

4,407,371

4,418,904

4,367,036

4,317,951

4,370,261

Deposits

3,678,776

3,691,016

3,647,510

3,612,331

3,680,707

Shareowners’ Equity

573,839

567,663

556,100

542,216

527,583

Common Equivalent Average Shares:

Basic

17,101

17,129

17,070

17,068

17,056

Diluted

17,126

17,146

17,140

17,114

17,088

Performance Ratios:

Return on Average Assets (annualized)

1.48

%

1.45

%

1.25

%

1.47

%

1.38

%

Return on Average Equity (annualized)

11.38

11.30

9.78

11.67

11.44

Net Interest Margin (FTE)

4.35

4.24

4.26

4.34

4.30

Noninterest Income as % of Operating Revenue

31.79

31.77

31.68

33.89

31.67

Efficiency Ratio

65.76

65.89

67.50

65.09

67.26

Asset Quality:

Allowance for Credit Losses (“ACL”)

$

31,007

$

30,999

$

31,001

$

30,202

$

29,862

Nonperforming Assets (“NPAs”)

13,435

12,965

10,531

10,026

6,581

ACL to Loans HFI

1.24

%

1.23

%

1.22

%

1.17

%

1.13

%

NPAs to Total

Assets

0.30

0.29

0.24

0.23

0.15

NPAs to Loans HFI plus OREO

0.54

0.51

0.41

0.39

0.25

ACL to Non-Performing Loans

309.72

278.19

360.69

368.54

463.01

Net Charge-Offs to Average Loans HFI

0.14

0.10

0.18

0.18

0.09

Capital Ratios:

Tier 1 Capital

21.10

%

20.37

%

20.20

%

19.33

%

18.38

%

Total Capital

22.35

21.62

21.45

20.59

19.60

Common Equity Tier 1

19.80

19.08

18.56

17.73

16.81

Leverage

11.96

11.65

11.77

11.64

11.14

Tangible Common Equity

(2)

11.03

10.79

10.79

10.66

10.09

(1)

Fully Tax Equivalent.

(2)

Non-GAAP financial measure.

See non-GAAP reconciliation on page 38.

40

FINANCIAL OVERVIEW

Results of Operations

Performance Summary.

Net income of $16.3 million, or $0.95 per diluted share, for the second quarter of

2026 compared to $15.8

million, or $0.92 per diluted share, for the first quarter of 2026, and $15.0 million,

or $0.88 per diluted share, for the second quarter of

2025. For the first six months of 2026, net income totaled $32.1 million, or $1.87

per diluted share, compared to net income of $31.9

million, or $1.87 per diluted share, for the same period of 2025.

Net Interest Income.

Tax-equivalent net

interest income for the second quarter of 2026 totaled $44.2 million, compared

to $42.9

million for the first quarter of 2026, and $43.2 million for the second quarter of 2025.

Compared to the first quarter of 2026, the

increase was attributable to higher investment securities income and lower

deposit interest expense, partially offset by lower loan

interest income and overnight funds income due to lower average balances.

The increase over the second quarter of 2025 was also

driven by the same aforementioned factors. One additional calendar

day also contributed to the increase over the first quarter of 2026.

For the first six months of 2026, tax-equivalent net interest income totaled

$87.1 million compared to $84.8 million for the same period

of 2025, primarily attributable to higher investment securities income and

lower deposit interest expense, partially offset by lower

loan

interest income and overnight funds income.

Provision and Allowance for Credit

Losses.

We recorded

a provision expense for credit losses of $0.9 million for the second quarter of

2026, compared to $0.7 million for the first quarter of 2026 and $0.6 million for the

second quarter of 2025. For the first six months of

2026, we recorded a provision expense for credit losses of $1.6 million

compared to $1.4 million for the first six months of 2025. At

June 30, 2026, the allowance for credit losses for loans HFI totaled $31.0

million (1.24% of loans HFI) compared to $31.0 million

(1.23% of loans HFI) at March 31, 2026

and $31.0 million at December 31, 2025 (1.22% of loans HFI). We

discuss the various

factors that impacted our provision expense in further detail below under the heading

Allowance for Credit Losses.

Noninterest Income

. Noninterest income for the second quarter of 2026 totaled $20.6 million,

a $0.7 million, or 3.3%, increase over

the first quarter of 2026 and a $0.6 million, or 2.9%, increase over the second quarter

of 2025. The increase over the first quarter of

2026 was primarily attributable to increases in mortgage banking revenues of $0.4

million and bank card fees of $0.2 million. The

increase over the second quarter of 2025 was driven by increases in other income

of $0.7 million, mortgage banking revenues of $0.5

million, and deposit fees of $0.3 million that were partially offset

by a decrease in wealth manageme

[Excerpt truncated for page length; source filing is linked above.]

## Latest 10-K MD&A (excerpt)

Latest 10-K Item 7 source: https://www.sec.gov/Archives/edgar/data/726601/000072660126000007/ccbg-20251231.htm
Complete FY 2025 MD&A: /company/CCBG/mda/fy2025/

Extracted from a later financial-section MD&A body after the formal Item 7 span was a short reference.
Confidence: high
Filing date: 2026-02-27
Report date: 2025-12-31

Management’s Discussion and Analysis of
 
Financial Condition and Results of Operations under the section captioned

“Business Overview” for discussion related to the expansion of our
 
Business.

Competition

We face significant
 
competition in our market areas. We
 
compete against a wide range of banking and nonbanking institutions

including banks, savings and loan associations, credit unions, money market
 
funds, mutual fund advisory companies, mortgage

banking companies, investment banking companies, insurance agencies and
 
companies, securities firms, brokerage firms,

financial technology firms, personal and commercial finance companies
 
,
 
peer-to-peer lending businesses and other types of

financial institutions. In addition to traditional competitors, we also face increasing
 
competition from a rapidly expanding group

of nontraditional financial service providers. These include established and
 
emerging wealth technology companies

(“wealthtechs”), financial technology companies (“fintechs”), technology
 
-enabled lenders, digital-only banks, crowdfunding

platforms, and mobile-based payment applications. These firms often
 
leverage advanced technologies, agile product development

cycles, and streamlined digital interfaces that allow them to deliver certain
 
financial products and services—such as unsecured

consumer loans, small business working-capital loans, digital wallets, and peer-to-peer
 
payments—more quickly or conveniently

than traditional banking institutions. Some fintech competitors operate
 
with lower overhead and, in some cases, are subject to

fewer regulatory requirements than banks and bank holding companies.
 
This can allow them to offer competitive pricing, faster

decision making or funding, and simplified user experiences. Some
 
of our competitors are larger financial institutions with greater

resources and, as such, may have higher lending limits and may offer
 
other services that are not provided by us. Industry

consolidation also intensifies competition in our markets. Mergers
 
among financial institutions have created larger,

better-capitalized, and more geographically diverse
 
competitors with expanded digital capabilities and broader product sets. These

institutions may be better positioned to make significant investments in technology,
 
marketing, and infrastructure, which can

enhance their ability to compete for both clients and talent.
 
However, we believe that the larger
 
financial institutions are less

familiar with the markets in which we operate and typically target
 
a different client base. We
 
also believe clients who bank at

community banks tend to prefer the relationship style service of community
 
banks compared to larger banks and financial

services companies.

As a result, we expect to be able to effectively compete in our markets
 
with larger financial institutions through providing

superior client service and leveraging our knowledge and experience
 
in providing banking products and services in our market

areas. See Item 1A. Risk Factors under the section captioned “Our future success is dependent
 
on our ability to compete

effectively in the highly competitive banking and financial
 
services industry” for further discussion related to the competitive

environment in which we operate.

Our primary market area consists of 21 counties in Florida, six counties in Georgia,
 
and one county in Alabama. Most of Florida’s

major banking concerns have a presence in Leon County,
 
where our main office is located.
 
Our Leon County deposits totaled

$1.195 billion, or 32.6% of our consolidated deposits at December
 
31, 2025.

9

The table below depicts our market share percentage within each county,
 
based on commercial bank deposits within the county.

Market Share as of June 30,

(1)

County

2025

2024

2023

Florida

Alachua

4.8%

4.9%

5.1%

Bay

0.4%

0.2%

0.3%

Bradford

37.0%

34.3%

37.1%

Citrus

3.7%

4.3%

4.4%

Clay

2.8%

2.2%

2.4%

Dixie

22.6%

21.5%

17.5%

Gadsden

82.3%

81.8%

81.9%

Gilchrist

41.1%

41.6%

42.2%

Gulf

11.2%

11.2%

12.4%

Hernando

5.2%

5.2%

4.9%

Jefferson

27.2%

24.6%

28.3%

Leon

16.8%

15.5%

16.9%

Levy

24.3%

26.4%

26.4%

Madison

13.3%

13.5%

13.5%

Putnam

22.7%

28.3%

34.4%

St. Johns

0.7%

0.7%

0.8%

Suwannee

6.0%

6.4%

6.6%

Taylor

69.4%

73.7%

75.0%

Wakulla

14.7%

8.4%

8.4%

Walton

0.7%

0.6%

0.3%

Washington

7.0%

7.8%

9.2%

Georgia

Bibb

3.2%

3.1%

2.9%

Cobb

0.1%

0.1%

0.1%

Gwinnett

(2)

0.1%

0.0%

0.0%

Grady

15.0%

14.0%

13.8%

Laurens

6.3%

6.0%

6.7%

Troup

5.2%

5.4%

5.6%

Alabama

Chambers

8.2%

9.0%

8.6%

(1)

Obtained from the FDIC Summary of Deposits Report for the year indicated.

(2)

Bank office opened in the second quarter of 2023.

Seasonality

We believe our
 
commercial banking operations are not generally seasonal in nature; however,
 
public deposits tend to increase

with tax collections in the fourth and first quarters of each year and decline
 
as a result of governmental spending thereafter.

Human Capital Matters

Our culture distinguishes us from our competitors and is the driving force
 
behind our continued success. Our leadership is

committed to a culture that values people alongside results.

Our brand promise (“More than your bank. Your
 
banker.”)
 
and purpose (“We
 
empower our clients’ financial wellness and help

them build secure futures”), together with our core values statement (“Do
 
the Right Thing, Build Relationships & Loyalty,

Embrace Individuality & Value
 
Others, Promote Career Growth, Be Committed to Community,
 
and Represent the Star (our bank)

Proudly”), are the foundation on which our culture is built.

10

The bank has grown significantly since its beginnings in 1895. Our commitment
 
to fostering a culture that values our associates

across our entire footprint remains unwavering. We
 
have a Chief Culture Officer and a Chief Inclusion Officer
 
who make it a

priority to ensure our culture is maintained and associates exemplify our values.
 
We reinforce these
 
cultural priorities through

ongoing communication, leadership engagement across our markets,
 
and programs designed to strengthen associate connection,

belonging, and service to our clients and communities.

At December 31, 2025, we had approximately 902 full-time associates and approximately
 
25 part-time associates. At December

31, 2025, approximately 68% of our workforce was female, 32% was male, and
 
approximately 22% was ethnic minorities. None

of our associates are represented by a labor union or covered by a collective bargaining
 
agreement.
 
All of our associates are hired

on the basis of their individual skills, qualifications, merit,
 
and in accordance with applicable law.

Our commitment to people and being an employer with integrity and heart has
 
earned us numerous accolades including: one of

the “Best Companies to Work
 
for in Florida” by Florida Trend for 14 consecutive
 
years, a “Best Bank to Work
 
For” by American

Banker for 13 consecutive years and being named World’s
 
Best Banks, America’s Best Banks (ranked
 
#13) and America’s Best-

in-State Banks (Ranked #5 in Florida and Ranked #4 in Georgia)
 
by Forbes in 2025, a selection made from direct consumer

feedback and online reviews.

The average tenure of our associates is approximately 9.8 years, and
 
the average tenure of our management team is 24.3 years.

Tenure statistics support
 
these accolades and further demonstrate that associates enjoy working
 
for CCBG.

Compensation and Benefits Program

. To attract and retain experienced
 
associates we offer a competitive compensation and

benefits program, foster a culture where everyone feels included and empowered
 
to do to their best work, and give associates the

opportunity to give back to their communities and make a social impact.

Our compensation program is designed to attract and reward talented individuals
 
who possess the skills necessary to support our

business objectives, assist in the achievement of our strategic goals and
 
create long-term value for our shareowners. We
 
provide

our associates with compensation packages that include base salary and
 
annual incentive bonuses, and certain associates can

receive equity awards tied to the Company’s
 
performance.

Experience has taught us that a compensation program with both
 
short-
 
and long-term awards provides fair and competitive

compensation and aligns associate and shareowner interests by incentivizing
 
business and individual performance. This dual

approach also encourages long-term company performance and integrates compensation
 
with our business plans.

In addition to cash and equity compensation, we offer associates benefits
 
including life and health (medical, dental & vision)

insurance, paid time off, an associate stock purchase plan, and a
 
401(k) plan. Associates hired prior to 2020 are eligible to

participate in a pension plan.
 
We periodically
 
evaluate our benefits and total rewards offerings to ensure
 
they remain competitive

within our industry and responsive to the evolving needs of our workforce.

A core value is providing associates the ability to “grow a career.”
 
To that end, we support and encourage
 
associates to develop a

life-long habit of continuous learning that focuses on personal and professional
 
development through higher education. We
 
offer

an educational Tuition Assistance Plan to help eligible
 
associates continue or begin post-high school education, develop skills,

increase knowledge and aid in career development.

We have invested
 
in tools and capabilities that allow our team members to work remotely as appropriate.
 
These tools also

support flexible work arrangements, increased collaboration, and the ability
 
to maintain continuity while meeting the needs of

associates and clients.

Talent
 
Acquisition, Development, Retention and Culture

. Our culture emphasizes our longstanding dedication to being respectful

to others and having a workforce that is representative of the communities we serve.
 
We believe in attracting,
 
retaining and

promoting quality talent. Our success depends on our ability to attract,
 
retain and develop employees, and our talent acquisition

teams partner with hiring managers in sourcing and presenting a slate of qualified
 
candidates to strengthen our organization.

Professional development is a key priority,
 
which is facilitated through our many corporate development initiatives including

extensive training programs, corporate mentoring, leadership programs,
 
educational reimbursement and professional speaker

series. Our talent acquisition, development and retention focuses on rewarding
 
merit and achievement while nurturing and

progressing skilled talent across various business segments.

Integral to our culture and values is a commitment to an equal-opportunity
 
and inclusive work environment whereby respect,

acceptance and belonging are practiced and experienced by all.

Our associates are our most valuable assets, and our differences make
 
us stronger, produce more creative solutions,
 
offer better

client service and are vital to attracting and retaining talent. The individual
 
perspectives, life experiences, capabilities and talents,

which our associates invest in their work, represent a significant part of our
 
culture, reputation and collective achievements.

11

Health and Safety

. Our business success is fundamentally connected to our associates’ well-being.
 
We make available to our

associates a voluntary wellness program,
 
StarFit, that provides associates with resources and good-health opportunities through

exercise, diet and preventive care.
 
We continue
 
to evaluate and enhance our well-being programs to support physical, emotional,

and financial wellness across our workforce.

In response to emerging workplace practices, we made c

[Excerpt truncated for page length; the complete text is on the linked full-MD&A page.]

Read the full FY 2025 MD&A: /company/CCBG/mda/fy2025/
All MD&A years: /company/CCBG/mda/


## MD&A history

Prior-year 10-K MD&A spans are extracted from SEC filings with the same bounded parser used for the latest filing. Each year's full verbatim text is on its own sub-page.

- [FY 2024 MD&A](/company/CCBG/mda/fy2024/): filed 2025-03-11; accession 0000726601-25-000013 (https://www.sec.gov/Archives/edgar/data/726601/000072660125000013/ccbg-20241231.htm)
- [FY 2023 MD&A](/company/CCBG/mda/fy2023/): filed 2024-03-13; accession 0000726601-24-000007 (https://www.sec.gov/Archives/edgar/data/726601/000072660124000007/ccbg-20231231.htm)
- [FY 2022 MD&A](/company/CCBG/mda/fy2022/): filed 2023-03-01; accession 0000726601-23-000009 (https://www.sec.gov/Archives/edgar/data/726601/000072660123000009/ccbg20221231.htm)
- [FY 2021 MD&A](/company/CCBG/mda/fy2021/): filed 2022-03-01; accession 0000726601-22-000005 (https://www.sec.gov/Archives/edgar/data/726601/000072660122000005/ccbg20211231.htm)




## Macro cross-references

Indicators mapped to this company's SIC classification (industry 6022 State Commercial Banks) by grepcent's deterministic macro-sector crosswalk. A navigational mapping, not a statistical or causal claim.

- [FEDFUNDS](/indicator/FEDFUNDS/): Federal Funds Effective Rate
- [DFEDTARU](/indicator/DFEDTARU/): Federal Funds Target Range - Upper Limit
- [DGS2](/indicator/DGS2/): Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity
- [DGS10](/indicator/DGS10/): Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity
- [T10Y2Y](/indicator/T10Y2Y/): 10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity

Macro-to-micro threads including this sector: [Interest rates & the Fed](/thread/interest-rates-fed/), [Money & trade](/thread/money-trade/), [Consumer & credit](/thread/consumer-credit/), [Government finances](/thread/government-finances/), [Sector employment](/thread/sector-employment/).

All macro indicators: /indicators/


## For LLMs & downloads

Markdown twin: /company/CCBG.md · JSON record: /company/CCBG.json · verified financials: /company/CCBG/financials.json / /company/CCBG/financials.csv · machine TOC for the whole site: /llms.txt