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Capital City Bank Group(CCBG) - 2021 Q1 - Quarterly Report
2021-04-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 0-13358 | --- | --- | --- | --- | |--------------------------------------------------------------------------|------ ...
Capital City Bank Group(CCBG) - 2020 Q4 - Annual Report
2021-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ___________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Capital City Bank Group, Inc. (850) 402-7821 (Registrant's telephone number, including area code) Securities re ...
Capital City Bank Group(CCBG) - 2020 Q3 - Quarterly Report
2020-11-03 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2020 OR ☐ TRANSITION REPORTPURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 0-13358 Capital City Bank Group, Inc. (Exact name of Registrant as specified in its charter) | --- | --- | --- | ...
Capital City Bank Group(CCBG) - 2020 Q2 - Quarterly Report
2020-08-03 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 0-13358 | --- | --- | --- | --- | |--------------------------------------------------------------------------|------- ...
Capital City Bank Group(CCBG) - 2019 Q4 - Annual Report
2020-03-05 20:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ____________________ FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Capital City Bank Group, Inc. (Exact name of Registrant as specified in its charter) Florida 0-13358 59-2273542 (State of ...
Capital City Bank Group(CCBG) - 2019 Q3 - Quarterly Report
2019-11-04 16:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2019 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 0-13358 (Exact name of registrant as specified in its charter) Florida 59-2273542 (State or other jurisdicti ...
Capital City Bank Group(CCBG) - 2019 Q2 - Quarterly Report
2019-08-02 19:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2019 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 0-13358 (Exact name of registrant as specified in its charter) Florida 59-2273542 (State or other jurisdiction of ...
Capital City Bank Group(CCBG) - 2019 Q1 - Quarterly Report
2019-05-03 18:51
PART I [Consolidated Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Consolidated%20Financial%20Statements%20%28Unaudited%29) This section presents Capital City Bank Group's unaudited consolidated financial statements, including balance sheets, income statements, and cash flow statements, for the period ended March 31, 2019 [Consolidated Statements of Financial Condition](index=4&type=section&id=Consolidated%20Statements%20of%20Financial%20Condition) Total assets increased to **$3.05 billion** as of March 31, 2019, driven by cash and net loan growth, with total liabilities and shareowners' equity also rising Consolidated Balance Sheet Highlights (Unaudited, In Thousands) | (In Thousands) | March 31, 2019 | December 31, 2018 | | :--- | :--- | :--- | | **Total Assets** | **$3,052,051** | **$2,959,183** | | Total Cash and Cash Equivalents | $353,714 | $276,000 | | Loans, Net | $1,782,985 | $1,760,015 | | Total Investment Securities | $655,195 | $663,477 | | **Total Liabilities** | **$2,743,065** | **$2,656,596** | | Total Deposits | $2,617,294 | $2,531,856 | | **Total Shareowners' Equity** | **$308,986** | **$302,587** | [Consolidated Statements of Income](index=5&type=section&id=Consolidated%20Statements%20of%20Income) Net income for Q1 2019 increased to **$6.4 million**, driven by a **14.4%** rise in net interest income, with diluted EPS reaching **$0.38** Consolidated Income Statement Highlights (Unaudited, In Thousands, Except Per Share Data) | (In Thousands, Except Per Share Data) | Three Months Ended March 31, 2019 | Three Months Ended March 31, 2018 | | :--- | :--- | :--- | | Net Interest Income | $24,908 | $21,763 | | Provision for Loan Losses | $767 | $745 | | Noninterest Income | $12,552 | $12,477 | | Noninterest Expense | $28,198 | $27,906 | | **Net Income** | **$6,436** | **$5,773** | | **Diluted Net Income Per Share** | **$0.38** | **$0.34** | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities significantly increased to **$15.2 million** in Q1 2019, contributing to a **$77.7 million** net increase in cash and cash equivalents Cash Flow Summary (Unaudited, In Thousands) | (In Thousands) | Three Months Ended March 31, 2019 | Three Months Ended March 31, 2018 | | :--- | :--- | :--- | | Net Cash Provided By Operating Activities | $15,240 | $2,190 | | Net Cash Used In Investing Activities | ($15,806) | ($13,747) | | Net Cash Provided By Financing Activities | $78,280 | $24,740 | | **Net Increase in Cash and Cash Equivalents** | **$77,714** | **$13,183** | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This section details accounting policies, investment securities, loan portfolio analysis, fair value measurements, and upcoming accounting changes like CECL - The company adopted ASU 2016-02 for leases on January 1, 2019, recognizing operating lease right-of-use (ROU) assets of **$2.0 million** and liabilities of **$2.8 million**, with no significant impact on the income statement or cash flows[28](index=28&type=chunk)[29](index=29&type=chunk) - The company is preparing for the adoption of ASU 2016-13 (CECL) on January 1, 2020, engaging a vendor for model development and expecting an increase in the allowance for credit losses, though the quantitative impact is not yet estimable[122](index=122&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2019 financial performance, highlighting improved net income from loan growth, reduced nonperforming assets, strong capital, and asset-sensitive interest rate positioning Q1 2019 Financial Highlights (Amounts in Millions, Except Per Share Data) | Metric | Q1 2019 | Q4 2018 | Q1 2018 | | :--- | :--- | :--- | :--- | | Net Income (in millions) | $6.4 | $8.5 | $5.8 | | Diluted EPS | $0.38 | $0.50 | $0.34 | | Taxable Equivalent NII (in millions) | $25.0 | $24.5 | $21.9 | | Nonperforming Assets (in millions) | $6.9 | $9.1 | $10.6 | - The company is a financial holding company headquartered in Tallahassee, Florida, operating through its subsidiary, Capital City Bank, with **59** full-service offices in Florida, Georgia, and Alabama[128](index=128&type=chunk) [Results of Operations](index=30&type=section&id=Results%20of%20Operations) Q1 2019 net income reached **$6.4 million**, driven by increased net interest income, with stable noninterest income and a slight rise in noninterest expense - Net interest margin for Q1 2019 was **3.75%**, a decrease of **6 basis points** from Q4 2018 due to a seasonal influx of public fund deposits, but an increase of **32 basis points** from Q1 2018 due to loan growth and higher yields on variable-rate assets[147](index=147&type=chunk) - Net loan charge-offs for Q1 2019 were **$0.9 million**, or **0.20%** of average loans, compared to **$0.5 million (0.10%)** in Q4 2018 and **$0.8 million (0.20%)** in Q1 2018[148](index=148&type=chunk) - Noninterest expense increased by **$1.7 million** from Q4 2018, primarily due to a **$2.0 million** gain on the sale of a banking office in Q4 2018 being recorded as a reduction of OREO expense, making the Q1 2019 expense appear higher in comparison[157](index=157&type=chunk) [Financial Condition](index=34&type=section&id=Financial%20Condition) As of March 31, 2019, the company maintained a strong financial condition with **$1.8 billion** in loans, significantly improved asset quality, and **$2.565 billion** in average total deposits - Nonperforming assets (nonaccrual loans and OREO) fell to **$6.9 million** at March 31, 2019, a **23.6%** decrease from December 31, 2018, and a **34.7%** decrease from March 31, 2018[177](index=177&type=chunk) - The allowance for loan losses was **$14.1 million**, or **0.78%** of outstanding loans, and provided coverage of **280%** of nonperforming loans, a significant increase from **181%** coverage a year prior[184](index=184&type=chunk) - Average total deposits grew by **$108.6 million (4.4%)** over Q1 2018, driven by increases in all deposit types except money market accounts and CDs, including a seasonal influx of public NOW accounts[186](index=186&type=chunk) [Market Risk and Interest Rate Sensitivity](index=37&type=section&id=Market%20Risk%20and%20Interest%20Rate%20Sensitivity) The company's asset-sensitive balance sheet is positioned to benefit from rising interest rates, with NII and EVE sensitivity analyzed through simulation Estimated Change in Net Interest Income (12-month shock, Percentage) | Rate Shock | March 31, 2019 | December 31, 2018 | | :--- | :--- | :--- | | +200 bp | +6.2% | +4.3% | | +100 bp | +3.3% | +2.3% | | -100 bp | -5.8% | -5.0% | Estimated Change in Economic Value of Equity (Percentage) | Rate Shock | March 31, 2019 | December 31, 2018 | | :--- | :--- | :--- | | +200 bp | +18.9% | +13.9% | | +100 bp | +10.6% | +8.0% | | -100 bp | -17.7% | -13.8% | [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained strong liquidity with **$1.27 billion** in available resources and capital ratios well above regulatory requirements, including a **17.09%** Total Capital ratio, supported by a new share repurchase program - At March 31, 2019, the company had the ability to generate **$1.270 billion** in additional liquidity through available resources, excluding **$304 million** in overnight funds sold[204](index=204&type=chunk) Regulatory Capital Ratios (Percentage) | Ratio | March 31, 2019 | December 31, 2018 | March 31, 2018 | | :--- | :--- | :--- | :--- | | Common Equity Tier 1 | 13.62% | 13.58% | 13.44% | | Total Capital | 17.09% | 17.13% | 17.05% | | Leverage | 10.53% | 10.89% | 10.36% | - In January 2019, the Board of Directors authorized a new share repurchase program for up to **750,000** shares of common stock, valid through February 2024, with no shares repurchased under this new program as of March 31, 2019[214](index=214&type=chunk) [Quantitative and Qualitative Disclosure About Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosure%20About%20Market%20Risk) This section incorporates the MD&A's market risk discussion by reference, confirming no material changes in market risk information since year-end 2018 - The company refers to the 'Market Risk and Interest Rate Sensitivity' section in the MD&A for its disclosures on market risk[222](index=222&type=chunk) [Controls and Procedures](index=43&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2019, with no significant changes in internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that as of March 31, 2019, the company maintained effective disclosure controls and procedures[223](index=223&type=chunk) - No significant changes in internal control over financial reporting occurred during the most recently completed fiscal quarter[224](index=224&type=chunk) PART II – Other Information [Legal Proceedings](index=43&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various lawsuits, but management believes no pending litigation will materially affect its financial position or results - In management's opinion, there is no pending litigation that would have a material effect on the company's financial condition or results[225](index=225&type=chunk) [Risk Factors](index=43&type=section&id=Item%201A.%20Risk%20Factors) This section refers to the detailed risk factors in the 2018 Form 10-K, advising investors to consider these and other potential risks - Investors are advised to carefully consider the risk factors discussed in Part I, Item 1A of the 2018 Form 10-K[226](index=226&type=chunk)[227](index=227&type=chunk) [Exhibits](index=44&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files - Exhibits filed include CEO and CFO certifications (31.1, 31.2, 32.1, 32.2) and XBRL instance and taxonomy documents[228](index=228&type=chunk)
Capital City Bank Group(CCBG) - 2018 Q4 - Annual Report
2019-03-05 21:57
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ____________________ Florida 0-13358 59-2273542 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ (Exact name of Registrant as specified in its charter) (State of Incorporation) (Commission Fil ...