Capital City Bank Group, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Tables)	Dec. 31, 2023
Significant Accounting Policies [Abstract]
Schedule of Restatement Impacts	CAPITAL CITY BANK GROUP, INC. CONSOLIDATED STATEMENT OF CASH FLOWS For the Year Ended December 31, 2023 (Dollars in Thousands) As Previously Reported Restatement Impact As Restated CASH FLOWS FROM OPERATING ACTIVITIES Net Income Attributable to Common Shareowners $ 52,258 $ - $ 52,258 Adjustments to Reconcile Net Income to Provision for Credit Losses 9,714 - 9,714 Depreciation 7,918 - 7,918 Amortization of Premiums, Discounts, and Fees, net 4,221 - 4,221 Amortization of Intangible Assets 160 - 160 Gain on Securities Transactions 3 - 3 Pension Settlement Gain (291) - (291) Originations of Loans Held-for-Sale (306,714) (100,089) (406,803) Proceeds From Sales of Loans Held-for-Sale 315,812 88,520 404,332 Mortgage Banking Revenues (10,400) - (10,400) Net Additions for Capitalized Mortgage Servicing Rights 419 - 419 Stock Compensation 1,237 - 1,237 Net Tax Benefit From Stock-Based Compensation (48) - (48) Deferred Income Taxes Benefit (483) - (483) Net Change in Operating Leases 79 - 79 Net Gain on Sales and Write-Downs of Other Real Estate Owned (2,053) - (2,053) Net Increase in Other Assets (1,029) - (1,029) Net Decrease in Other Liabilities (4,452) - (4,452) Net Cash Provided By Operating Activities 66,351 (11,569) 54,782 CASH FLOWS FROM INVESTING ACTIVITIES Securities Held to Maturity: Purchases (1,483) - (1,483) Payments, Maturities, and Calls 36,600 - 36,600 Securities Available for Sale: Purchases (8,379) - (8,379) Proceeds from Sale of Securities 30,420 - 30,420 Payments, Maturities, and Calls 62,861 - 62,861 Equity Securities Purchases (13,566) - (13,566) Net Decrease in Equity Securities 10,127 - 10,127 Purchase of loans held for investment (2,488) - (2,488) Net Increase in Loans Held for Investment (191,151) (35,745) (226,896) Proceeds from Sales of Loans - 47,314 47,314 Proceeds From Sales of Other Real Estate Owned 3,995 - 3,995 Purchases of Premises and Equipment, net (7,046) - (7,046) Net Cash Used In Investing Activities (80,110) 11,569 (68,541) CASH FLOWS FROM FINANCING ACTIVITIES Net Decrease in Deposits (237,495) - (237,495) Net Decrease in Other Short-Term Borrowings (21,452) - (21,452) Repayment of Other Long-Term Borrowings (199) - (199) Dividends Paid (12,905) - (12,905) Payments to Repurchase Common Stock (3,710) - (3,710) Issuance of Common Stock Under Compensation Plans 937 - 937 Net Cash Provided By Financing Activities (274,824) - (274,824) NET DECREASE IN CASH AND CASH EQUIVALENTS (288,583) - (288,583) Cash and Cash Equivalents at Beginning of Period 600,650 - 600,650 Cash and Cash Equivalents at End of Period $ 312,067 $ - $ 312,067 Supplemental Cash Flow Disclosures: Interest Paid $ 21,775 $ - $ 21,775 Income Taxes Paid $ 9,118 $ - $ 9,118 Supplemental Noncash Items Loans Transferred from Held for Investment to Held for Sale, net $ - $ 35,745 $ 35,745 Loans and Premises Transferred to Other Real Estate Owned $ 1,512 $ - $ 1,512 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. CAPITAL CITY BANK GROUP, INC. CONSOLIDATED STATEMENT OF CASH FLOWS For the Year Ended December 31, 2022 (Dollars in Thousands) As Previously Reported Restatement Impact As Restated CASH FLOWS FROM OPERATING ACTIVITIES Net Income Attributable to Common Shareowners $ 33,412 $ - $ 33,412 Adjustments to Reconcile Net Income to Provision for Credit Losses 7,494 - 7,494 Depreciation 7,596 - 7,596 Amortization of Premiums, Discounts, and Fees, net 7,772 - 7,772 Amortization of Intangible Assets 160 - 160 Pension Settlement Charge 2,321 - 2,321 Originations of Loans Held-for-Sale (437,827) 47,636 (390,191) Proceeds From Sales of Loans Held-for-Sale 475,359 (37,452) 437,907 Mortgage Banking Revenues (11,909) - (11,909) Net Additions for Capitalized Mortgage Servicing Rights 726 - 726 Stock Compensation 1,630 - 1,630 Net Tax Benefit From Stock-Based Compensation (27) - (27) Deferred Income Taxes Benefit (3,870) - (3,870) Net Change in Operating Leases (108) - (108) Net Gain on Sales and Write-Downs of Other Real Estate Owned (422) - (422) Net Increase in Other Assets (8,636) - (8,636) Net Decrease in Other Liabilities 8,837 - 8,837 Net Cash Provided By Operating Activities 82,508 10,184 92,692 CASH FLOWS FROM INVESTING ACTIVITIES Securities Held to Maturity: Purchases (219,865) - (219,865) Payments, Maturities, and Calls 55,314 - 55,314 Securities Available for Sale: Purchases (52,238) - (52,238) Proceeds from Sale of Securities 3,365 - 3,365 Payments, Maturities, and Calls 81,596 - 81,596 Purchase of loans held for investment (16,753) - (16,753) Net Increase in Loans Held for Investment (606,011) (114,659) (720,670) Proceeds From Sales of Loans - 104,475 104,475 Proceeds From Sales of Other Real Estate Owned 2,406 - 2,406 Purchases of Premises and Equipment, net (6,322) - (6,322) Noncontrolling interest contributions received 2,867 - 2,867 Net Cash Used In Investing Activities (755,641) (10,184) (765,825) CASH FLOWS FROM FINANCING ACTIVITIES Net Increase in Deposits 226,455 - 226,455 Net Increase in Other Short-Term Borrowings 22,114 - 22,114 Repayment of Other Long-Term Borrowings (249) - (249) Dividends Paid (11,191) - (11,191) Issuance of Common Stock Under Compensation Plans 1,300 - 1,300 Net Cash Provided By Financing Activities 238,429 - 238,429 NET DECREASE IN CASH AND CASH EQUIVALENTS (434,704) - (434,704) Cash and Cash Equivalents at Beginning of Period 1,035,354 - 1,035,354 Cash and Cash Equivalents at End of Period $ 600,650 $ - $ 600,650 Supplemental Cash Flow Disclosures: Interest Paid $ 6,586 $ - $ 6,586 Income Taxes Paid $ 7,466 $ - $ 7,466 Supplemental Noncash Items Loans Transferred from Held for Investment to Held for Sale, net $ - $ 108,798 $ 108,798 Loans and Premises Transferred to Other Real Estate Owned $ 2,398 $ - $ 2,398 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. CAPITAL CITY BANK GROUP, INC. CONSOLIDATED STATEMENT OF CASH FLOWS For the Year Ended December 31, 2021 (Dollars in Thousands) As Previously Reported Restatement Impact As Restated CASH FLOWS FROM OPERATING ACTIVITIES Net Income Attributable to Common Shareowners $ 33,396 $ - $ 33,396 Adjustments to Reconcile Net Income to Provision for Credit Losses (1,553) - (1,553) Depreciation 7,607 - 7,607 Amortization of Premiums, Discounts, and Fees, net 14,072 - 14,072 Amortization of Intangible Assets 107 - 107 Pension Settlement Charge 3,072 - 3,072 Originations of Loans Held-for-Sale (1,262,746) 33,800 (1,228,946) Proceeds From Sales of Loans Held-for-Sale 1,376,678 (27,554) 1,349,124 Mortgage Banking Revenues (52,425) - (52,425) Net Additions for Capitalized Mortgage Servicing Rights 72 - 72 Change in Valuation Provision for Mortgage Servicing Rights (250) - (250) Stock Compensation 843 - 843 Net Tax Benefit From Stock-Based Compensation (4) - (4) Deferred Income Taxes Benefit (4,157) - (4,157) Net Change in Operating Leases (165) - (165) Net Gain on Sales and Write-Downs of Other Real Estate Owned (1,662) - (1,662) Net Decrease in Other Assets 10,885 - 10,885 Net Decrease in Other Liabilities (7,846) - (7,846) Net Cash Provided By Operating Activities 115,924 6,246 122,170 CASH FLOWS FROM INVESTING ACTIVITIES Securities Held to Maturity: Purchases (251,525) - (251,525) Payments, Maturities, and Calls 78,544 - 78,544 Securities Available for Sale: Purchases (523,961) - (523,961) Proceeds from Sale of Securities 495 - 495 Payments, Maturities, and Calls 178,425 - 178,425 Purchase of loans held for investment (20,209) - (20,209) Net Decrease (Increase) in Loans Held for Investment 88,545 (98,606) (10,061) Proceeds from Sales of Loans - 92,360 92,360 Net Cash Paid for Acquisitions (4,482) - (4,482) Proceeds From Sales of Other Real Estate Owned 4,502 - 4,502 Purchases of Premises and Equipment, net (5,193) - (5,193) Noncontrolling interest contributions received 7,139 - 7,139 Net Cash Used In Investing Activities (447,720) (6,246) (453,966) CASH FLOWS FROM FINANCING ACTIVITIES Net Increase in Deposits 495,302 - 495,302 Net Decrease in Other Short-Term Borrowings (45,938) - (45,938) Repayment of Other Long-Term Borrowings (1,332) - (1,332) Dividends Paid (10,459) - (10,459) Issuance of Common Stock Under Compensation Plans 1,028 - 1,028 Net Cash Provided By Financing Activities 438,601 - 438,601 NET DECREASE IN CASH AND CASH EQUIVALENTS 106,805 - 106,805 Cash and Cash Equivalents at Beginning of Period 928,549 - 928,549 Cash and Cash Equivalents at End of Period $ 1,035,354 $ - $ 1,035,354 Supplemental Cash Flow Disclosures: Interest Paid $ 3,547 $ - $ 3,547 Income Taxes Paid $ 16,339 $ - $ 16,339 Supplemental Noncash Items: Loans Transferred from Held for Investment to Held for Sale, net $ - $ 98,081 $ 98,081 Loans and Premises Transferred to Other Real Estate Owned $ 1,717 $ - $ 1,717 The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.