Annual report pursuant to Section 13 and 15(d)


12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  

Note 16


At December 31, 2017 and 2016, certain officers and directors were indebted to the Company’s bank subsidiary in the aggregate amount of $7.4 million and $8.5 million, respectively.  During 2017, $7.3 million in new loans were made and repayments totaled $8.4 million.  In the opinion of management, these loans were made on similar terms as loans to other individuals of comparable creditworthiness and were all current at year-end.

Deposits from certain directors, executive officers, and their related interests totaled $26.6 million and $17.9 million at December 31, 2017 and 2016, respectively.

Under a lease agreement expiring in 2024, the Bank leases land from a partnership in which several directors and officers have an interest. The lease agreement with Smith Interests General Partnership L.L.P. provides for annual lease payments of approximately $170,000, to be adjusted for inflation in future years.

In March 2017, the Company entered into an agreement with Mettler Limited Partnership, a related party of Thomas A. Barron, President of Capital City Bank and a director of the Company, to acquire a $1,000,000 loan participation interest in a loan originated by Capital City Bank. This transaction was reviewed and approved in accordance with the Company’s Related Party Transaction Policy.

William G. Smith, III, the son of our Chairman, President and Chief Executive Officer, William G. Smith, Jr., is employed as a Vice President of Capital City Bank.  In 2017, William G. Smith, III’s total compensation (consisting of annual base salary, annual bonus, and stock-based compensation) was approximately $143,500. His compensation was determined in accordance with our standard employment and compensation practices applicable to associates with similar responsibilities and positions.