Quarterly report [Sections 13 or 15(d)]

BUSINESS AND BASIS OF PRESENTATION

v3.26.3
BUSINESS AND BASIS OF PRESENTATION
9 Months Ended
Sep. 30, 2026
Business and Basis of Presentation [Abstract]  
Business and Basis of Presentation
NOTE 1 –
BUSINESS AND BASIS
OF PRESENTATION
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
.
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, 2025 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
2025 Form 10-K.
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. 2024-03,
“Income Statement
— Reporting
Comprehensive
Income — Expense Disaggregation
Disclosures (Subtopic
220-
40): Disaggregation
of Income Statement
Expenses.”
ASU 2024-03 introduces new requirements
to disclose additional
information
about
certain types
of expenses, including employee
compensation,
depreciation, intangible
asset amortization,
and selling expenses.
ASU 2024-03 is effective
for the Company
as of January 1, 2027. The
Company
is currently evaluating the
impact of
the incremental
disclosures that
will be required under the standard.
ASU 2025-06, “Intangibles
- Goodwill and
Other -Internal-Use Software
(Subtopic
350-40): Targeted
Improvements to the
Accounting
for Internal-Use Software.”
The ASU updates accounting
for internal-use software
by shifting from a
stage-based
model
to a principles-based
approach
aligned with modern development.
Key provisions include new capitalization
criteria based on
authorization,
funding commitment,
and probable
completion, removal
of development
stages, integrated website guidance,
and
enhanced
disclosures. ASU 2025-06 is effective
for the Company
as of January
1, 2028. The Company
is currently evaluating the
provisions of the
amendments
and the
impact on
its future consolidated
statements
and disclosures.
ASU 2025-08, “Financial
Instruments—Credit
Losses (Topic 326):
Purchased Loans.”
The ASU updates the
accounting
for
purchased
loans under ASC 326.
The amendments
expand
the population
of loans subject
to the “gross-up” accounting
model by
eliminating the former
distinction between purchased
credit-deteriorated
(“PCD”) and non-PCD loans. Under
the new guidance,
entities will apply
a single model for purchased
loans by recognizing an
allowance for credit
losses and adjusting
the amorti
zed cost
basis for the associated
noncredit discount
at acquisition.
ASU 2025-08 is effective for
the Company
as of January
1, 2027. The
Company
is currently evaluating the
provisions of the amendments
and the
impact on
its future consolidated
statements
and
disclosures.
ASU 2025-11, “Interim
Reporting (Topic
270): Narrow-Scope
Improvements.”
The ASU aims to clarify
and enhance
interim financial
reporting by defining
its scope, consolidating
GAAP disclosures in
Topic 270, adding
a principle for material
post-year
-end event
disclosure, and
refining statement
format
guidance to improve
consistency for
all preparers. These changes
do not alter
the
fundamental
requirements of
interim reporting but seek to
streamline and
standardize
the process. ASU 2025-11 is effective
for the
Company
in interim reporting periods beginning as
of January
1, 2028.
The Company
is currently evaluating the
provisions of the
amendments
and the
impact on
its future consolidated
statements.
ASU 2025-12, “Codification
Improvements.”
The ASU was issued to make
technical corrections, clarify
ambiguous
guidance and
generally streamline
the Accounting Standards
Codification
across various
topics, affecting
most reporting entities, with key
changes
including clarifications
for diluted EPS during losses,
lease receivable disclosures,
beneficial interest
calculations, and
treasury stock
accounting, aiming
for better usability
without significantly
altering core accounting
outcomes.
ASU 2025-12 is effective for
the
Company
as of January
1, 2027. The Company
is currently evaluating the
provisions of the amendments
and the
impact on
its future
consolidated
statements.