At December 31, 2021 and 2020, certain officers and directors were indebted
to the Company’s bank subsidiary
in the aggregate
amount of $
During 2021, $
million in new loans were made and repayments totaled
These loans were all current at year-end.
Deposits from certain directors, executive officers, and
their related interests totaled $
31, 2021 and 2020, respectively.
Under a lease agreement expiring in 2024, the Bank leases land from a partnership
in which William G. Smith, Jr.
has an interest.
The lease agreement with Smith Interests General Partnership L.L.P.
provides for annual lease payments of approximately $
million, to be adjusted for inflation in future years.
William G. Smith, III, the son of our Chairman,
President and Chief Executive Officer,
William G. Smith, Jr.,
is employed as
President, Leon County at Capital City Bank.
In 2021, William G. Smith, III’s
total compensation (consisting of annual base
salary, annual bonus,
and stock-based compensation) was determined in accordance with
the Company’s standard employment
and compensation practices applicable to associates with similar responsibilities