Quarterly report [Sections 13 or 15(d)]

BUSINESS AND BASIS OF PRESENTATION (Policies)

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BUSINESS AND BASIS OF PRESENTATION (Policies)
3 Months Ended
Mar. 31, 2025
Business and Basis of Presentation [Abstract]  
Nature of Operations
Nature of Operations
.
 
Capital City Bank Group, Inc. (“CCBG” or the “Company”) provides a full range of
 
banking and banking-
related services to individual and corporate clients through its wholly owned
 
subsidiary, Capital City Bank (“CCB” or the
 
“Bank”),
with banking offices located in Florida, Georgia,
 
and Alabama.
 
The Company is subject to competition from other financial
institutions, is subject to regulation by certain government agencies and undergoes
 
periodic examinations by those regulatory
authorities.
Basis of Presentation
Basis of Presentation
.
 
The consolidated financial statements in this Quarterly Report on Form
 
10-Q include the accounts of CCBG
and CCB.
 
All material inter-company transactions and accounts have
 
been eliminated.
 
Certain previously reported amounts have
been reclassified to conform to the current year’s presentation.
The accompanying unaudited consolidated financial statements have
 
been prepared in accordance with generally accepted accounting
principles for interim financial information and with the instructions to Form
 
10-Q and Article 10 of Regulation S-X.
 
Accordingly,
they do not include all of the information and notes required by generally accepted
 
accounting principles for complete financial
statements.
 
In the opinion of management, all adjustments (consisting of normal
 
recurring accruals) considered necessary for a fair
presentation have been included.
 
The Consolidated Statement of Financial Condition at December
 
31, 2024 has been derived from the audited consolidated financial
statements at that date, but does not include all of the information and notes
 
required by generally accepted accounting principles for
complete financial statements.
 
For further information, refer to the consolidated financial statements and notes
 
thereto included in the
Company’s 2024 Form
 
10-K.
Accounting Standards Updates
Accounting Standards Updates
Proposed Accounting Standards
,
ASU No. 2023-06, “Disclosure Improvements:
 
Codification Amendments in Response to the SEC’s
Disclosure Update and Simplification Initiative.”
Accounting Standards Update
(“ASU”) 2023-06 is intended to clarify or improve
disclosure and presentation requirements of a variety of topics, which will allow users to
 
more easily compare entities subject to the
SEC’s existing disclosures with those
 
entities that were not previously subject to the requirements and align the requirements
 
in the
FASB accounting
 
standard codification with the SEC’s
 
regulations. ASU 2023-06 is to be applied prospectively,
 
and early adoption is
prohibited. For reporting entities subject to the SEC’s
 
existing disclosure requirements, the effective
 
dates of ASU 2023-06 will be the
date on which the SEC’s removal of
 
that related disclosure requirement from Regulation S-X or Regulation
 
S-K becomes effective. If
by June 30, 2027, the SEC has not removed the applicable requirement from
 
Regulation S-X or Regulation S-K, the pending content
of the related amendment will not become effective for
 
any entities. The Company is currently evaluating the provisions of the
amendments and the impact on its future consolidated statements.
 
ASU No. 2023-09, “Income Taxes
 
(Topic
 
740): Improvements to Income Tax
 
Disclosures.”
ASU 2023-09 is intended to enhance
transparency and decision usefulness of income tax disclosures. The ASU addresses
 
investor requests for more transparency about
income tax information through improvements to income tax disclosures,
 
primarily related to the rate reconciliation and income taxes
paid information. Retrospective application in all prior periods is permitted.
 
ASU 2023-09 is effective for the Company as of January
1, 2025. The Company is currently evaluating the impact of the incremental
 
income taxes information that will be required to be
disclosed within its Annual Report on Form 10-K for the year ended December
 
31, 2025 and subsequent annual reports.