Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS

v3.23.4
RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
Note 19
RELATED PARTY
 
TRANSACTIONS
At December 31, 2022 and 2021, certain officers and directors were indebted
 
to the Bank in the aggregate amount of $
7.3
 
million
and $
3.8
 
million, respectively.
 
During 2022 and 2021, $
8.5
 
million and $
2.4
 
million in new loans were made and repayments
totaled $
5.0
 
million and $
2.9
 
million, respectively.
 
These loans were all current at December 31, 2022 and 2021.
Deposits from certain directors, executive officers, and
 
their related interests totaled $
66.3
 
million and $
50.1
 
million at December
31, 2022 and 2021, respectively.
Under a lease agreement expiring in
2052
, 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 $
0.2
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, North Florida Region at Capital City Bank.
 
In 2022, 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
 
and positions.