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

PARENT COMPANY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

(Dollars in Thousands, Except Per Share Data)	2017		2016
ASSETS
Cash and Due From Subsidiary Bank	$	17,515	$	9,618
Investment in Subsidiary Bank		327,416		325,337
Other Assets		5,112		5,563
Total Assets	$	350,043	$	340,518

LIABILITIES
Short-Term Borrowings	$	-	$	3,000
Long-Term Borrowings		2,700		-
Subordinated Notes Payable		52,887		52,887
Other Liabilities		10,246		9,463
Total Liabilities		65,833		65,350

SHAREOWNERS’ EQUITY
Common Stock, $.01 par value; 90,000,000 shares authorized; 16,988,951 and 16,844,698 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively		170		168
Additional Paid-In Capital		36,674		34,188
Retained Earnings		279,410		267,037
Accumulated Other Comprehensive Loss, Net of Tax		(32,044)		(26,225)
Total Shareowners’ Equity		284,210		275,168
Total Liabilities and Shareowners’ Equity	$	350,043	$	340,518

(Dollars in Thousands)	2017		2016		2015
OPERATING INCOME
Income Received from Subsidiary Bank:
Overhead Fees	$	4,813	$	4,700	$	4,604
Dividends		12,000		9,300		9,200
Other Income		124		2,675		424
Total Operating Income		16,937		16,675		14,228

OPERATING EXPENSE
Salaries and Associate Benefits		4,384		4,247		3,395
Interest on Subordinated Notes Payable		1,761		1,527		1,368
Professional Fees		1,072		1,114		1,078
Advertising		130		160		105
Legal Fees		140		167		168
Other		737		718		699
Total Operating Expense		8,224		7,933		6,813
Earnings Before Income Taxes and Equity in Undistributed
Earnings of Subsidiary Bank		8,713		8,742		7,415
Income Tax Expense (Benefit)		166		(1,492)		(342)
Earnings Before Equity in Undistributed Earnings of Subsidiary Bank		8,547		10,234		7,757
Equity in Undistributed Earnings of Subsidiary Bank		2,316		1,512		1,359
Net Income	$	10,863	$	11,746	$	9,116

(Dollars in Thousands)	2017		2016		2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$	10,863	$	11,746	$	9,116
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:
Equity in Undistributed Earnings of Subsidiary Bank		(2,316)		(1,512)		(1,359)
Stock Compensation		1,502		1,260		1,109
Gain on Retirement of Trust Preferred Securities		-		(2,487)		-
Decrease (Increase) in Other Assets		450		(399)		191
Increase in Other Liabilities		960		345		444
Net Cash Provided By Operating Activities		11,459		8,953		9,501

CASH FROM FINANCING ACTIVITIES:
Redemption of Subordinated Notes		-		(7,500)		-
Proceeds from Short-Term Borrowings		-		3,750		-
Repayment of Short-Term Borrowings		-		(750)		-
Repayment of Long-Term Borrowings		(300)		-		-
Dividends Paid		(4,071)		(2,890)		(2,241)
Issuance of Common Stock Under Compensation Plans		809		840		507
Payments to Repurchase Common Stock		-		(6,312)		(5,981)
Net Cash Used In Financing Activities		(3,562)		(12,862)		(7,715)

Net Increase (Decrease) in Cash		7,897		(3,909)		1,786
Cash at Beginning of Year		9,618		13,527		11,741
Cash at End of Year	$	17,515	$	9,618	$	13,527