$CCBG

CAPITAL CITY BANK GROUP INC

CIK:0000726601|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
INTEREST INCOME
Loans, including Fees	$ 38,212	$ 40,872	$ 76,466	$ 81,350
Investment Securities:
Taxable	10,249	6,666	19,291	12,469
Tax Exempt	11	12	24	17
Funds Sold and Interest Bearing Deposits	3,366	3,909	7,077	7,405
Total Interest Income	51,838	51,459	102,858	101,241
INTEREST EXPENSE
Deposits	6,933	7,405	14,328	14,788
Short-Term Borrowings	410	335	810	616
Subordinated Notes Payable	288	530	686	1,090
Other Long-Term Borrowings	9	5	19	16
Total Interest Expense	7,640	8,275	15,843	16,510
NET INTEREST INCOME	44,198	43,184	87,015	84,731
Provision for Credit Losses	919	620	1,631	1,388
Net Interest Income After Provision For Credit Losses	43,279	42,564	85,384	83,343
NONINTEREST INCOME
Other	2,240	1,524	4,642	3,273
Total Noninterest Income	20,599	20,014	40,532	39,921
NONINTEREST EXPENSE
Compensation	25,836	26,490	51,539	52,738
Occupancy, Net	7,319	7,071	14,402	13,864
Other	9,485	8,977	18,072	14,637
Total Noninterest Expense	42,640	42,538	84,013	81,239
INCOME BEFORE INCOME TAXES	21,238	20,040	41,903	42,025
Income Tax Expense	4,961	4,996	9,809	10,123
NET INCOME	$ 16,277	$ 15,044	$ 32,094	$ 31,902
BASIC NET INCOME PER SHARE (in dollars per shares)	$ 0.95	$ 0.88	$ 1.88	$ 1.87
DILUTED NET INCOME PER SHARE (in dollars per shares)	$ 0.95	$ 0.88	$ 1.87	$ 1.87
Average Common Basic Shares Outstanding	17,101	17,056	17,115	17,042
Average Common Diluted Shares Outstanding	17,126	17,088	17,133	17,067
Deposit Fees [Member]
NONINTEREST INCOME
Noninterest income	$ 5,656	$ 5,320	$ 11,254	$ 10,381
Bank Card Fees [Member]
NONINTEREST INCOME
Noninterest income	3,858	3,774	7,488	7,288
Wealth Management Fees [Member]
NONINTEREST INCOME
Noninterest income	4,185	5,206	8,236	10,969
Mortgage Banking Revenues [Member]
NONINTEREST INCOME
Noninterest income	$ 4,660	$ 4,190	$ 8,912	$ 8,010

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 32,094	$ 31,902
Adjustments to Reconcile Net Income to Cash Provided by Operating Activities:
Provision for Credit Losses	1,631	1,388
Depreciation	3,649	3,676
Amortization of Premiums, Discounts and Fees, net	1,503	2,272
Amortization of Intangible Asset	0	80
Originations of Loans Held-for-Sale	(222,589)	(218,167)
Proceeds From Sales of Loans Held-for-Sale	221,097	232,204
Mortgage Banking Revenues	(8,912)	(8,010)
Net (Additions) Deletions for Capitalized Mortgage Servicing Rights	(3)	44
Stock Based Compensation	916	925
Net Tax Benefit from Stock Based Compensation	(132)	(154)
Deferred Income Taxes	1,109	1,391
Net Change in Operating Leases	(10)	(33)
Net Gain on Sales and Write-Downs of Other Real Estate Owned	(334)	(4,514)
Gain from Insurance Claim on Premises	(453)	0
Net (Increase) Decrease in Other Assets	(2,334)	5,124
Net Increase in Other Liabilities	1,468	6,363
Net Cash Provided By Operating Activities	28,700	54,491
Securities Held to Maturity:
Purchases	(79,337)	(47,841)
Proceeds from Payments, Maturities, and Calls	152,205	152,124
Securities Available for Sale:
Purchases	(271,711)	(155,436)
Proceeds from Payments, Maturities, and Calls	56,081	32,471
Equity Securities:
Purchases	(110)	(60)
Net Decrease in Equity Securities	111	94
Purchases of Loans Held for Investment	(269)	(304)
Proceeds from Sales of Loans	34,982	25,696
Net Decrease (Increase) in Loans Held for Investment	4,086	(4,047)
Purchase of Bank Owned Life Insurance	(6,000)	0
Proceeds from Insurance Claims on Premises	453	0
Proceeds From Sales of Other Real Estate Owned	2,226	7,341
Purchases of Premises and Equipment	(6,590)	(4,222)
Net Cash (Used In) Provided By Investing Activities	(113,873)	5,816
CASH FLOWS FROM FINANCING ACTIVITIES
Net Increase in Deposits	58,697	32,876
Net (Decrease) Increase in Short-Term Borrowings	(3,185)	6,237
Principal Payments of Subordinated Notes	(9,279)	(10,305)
Dividends Paid	(9,246)	(8,186)
Payments to Repurchase Common Stock	(2,639)	0
Proceeds from Issuance of Common Stock Under Purchase Plans	587	619
Net Cash Provided By Financing Activities	34,935	21,241
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(50,238)	81,548
Cash and Cash Equivalents at Beginning of Period	529,971	391,854
Cash and Cash Equivalents at End of Period	479,733	473,402
Supplemental Cash Flow Disclosures:
Interest Paid	16,397	16,543
Federal Income Taxes Paid	5,250	2,600
State and Local Income Taxes Paid:
Florida	1,585	395
All Other	112	225
Supplemental Noncash Items:
Loans and Premises Transferred to Other Real Estate Owned	3,380	2,592
Loans Transferred from Held for Investment to Held for Sale, net	$ 37,161	$ 22,232

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and Due From Banks	$ 67,124	$ 62,189
Federal Funds Sold and Interest Bearing Deposits	412,609	467,782
Total Cash and Cash Equivalents	479,733	529,971
Investment Securities, Available for Sale, at fair value (amortized cost of $872,397 and $656,546)	853,608	643,922
Investment Securities, Held to Maturity (fair value of $294,070 and $369,320)	304,460	377,446
Equity Securities	2,068	2,069
Total Investment Securities	1,160,136	1,023,437
Loans Held For Sale, at fair value	34,278	21,695
Loans Held for Investment	2,499,871	2,546,118
Allowance for Credit Losses	(31,007)	(31,001)
Loans Held for Investment, Net	2,468,864	2,515,117
Premises and Equipment, Net	81,148	79,457
Goodwill	89,095	89,095
Other Real Estate Owned	3,424	1,936
Other Assets	133,805	125,057
Total Assets	4,450,483	4,385,765
Deposits:
Noninterest Bearing Deposits	1,344,694	1,251,886
Interest Bearing Deposits	2,376,315	2,410,426
Total Deposits	3,721,009	3,662,312
Short-Term Borrowings	46,907	50,092
Subordinated Notes Payable	33,303	42,582
Other Long-Term Borrowings	567	680
Other Liabilities	78,602	77,248
Total Liabilities	3,880,388	3,832,914
SHAREOWNERS' EQUITY
Preferred Stock, $0.01 par value; 3,000,000 shares authorized; no shares issued and outstanding
Common Stock, $0.01 par value; 90,000,000 shares authorized; 17,111,077 and 17,084,386 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	171	171
Additional Paid-In Capital	40,821	41,650
Retained Earnings	531,291	508,443
Accumulated Other Comprehensive (Loss) Income, net of tax	(2,188)	2,587
Total Shareowners' Equity	570,095	552,851
Total Liabilities and Shareowners' Equity	$ 4,450,483	$ 4,385,765