Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS

v3.20.4
RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
Note 19
RELATED PARTY
 
TRANSACTIONS
 
 
At December 31, 2020 and 2019, certain officers
 
and directors were indebted to the Company’s
 
bank subsidiary in the aggregate
amount of $
4.3
 
million and $
7.7
 
million, respectively.
 
During 2020, $
3.3
 
million in new loans were made and repayments totaled
$
6.7
 
million.
 
These loans were all current at year-end.
 
Deposits from certain directors, executive officers,
 
and their related interests totaled $
41.9
 
million and $
29.7
 
million at December
31, 2020 and 2019, respectively.
 
Under a lease agreement expiring in 2024, the Bank leases land
 
from a partnership in which William G. Smith,
 
Jr. has an interest.
 
The lease agreement with Smith Interests General Partnership
 
L.L.P.
 
provides for annual lease payments of approximately
$
212,000
, to be adjusted for inflation in future years.
 
William G. Smith, III, the son
 
of our Chairman, President and Chief Executive Officer,
 
William G. Smith, Jr.,
 
is employed as
President, Leon County at Capital City Bank.
 
In 2020,
 
William G. Smith, III’s
 
total compensation (consisting of annual base
salary, annual
 
bonus, and stock-based compensation) was determined
 
in accordance with the Company’s
 
standard employment
and compensation practices applicable to associates with similar
 
responsibilities and positions.