Annual report [Section 13 and 15(d), not S-K Item 405]

RELATED PARTY TRANSACTIONS

v3.25.4
RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
Note 19
RELATED PARTY
 
TRANSACTIONS
At December 31, 2025 and 2024, certain officers and directors were indebted
 
to the Bank in the aggregate amount of $
5.3
 
million
and $
4.8
 
million, respectively.
 
During 2025 and 2024, $
1.7
 
million and $
0.7
 
million in new loans were made, respectively,
 
and
repayments totaled $
1.2
 
million and $
2.2
 
million, respectively.
 
These loans were all current at December 31, 2025 and 2024.
Deposits from certain directors, executive officers, and
 
their related interests totaled $
40.9
 
million and $
42.7
 
million at December
31, 2025 and 2024, respectively.
The Company leases land from a partnership (Smith Interests General
 
Partnership L.L.P.)
 
in which William G. Smith, Jr.
 
has an
interest.
 
The Company made lease payments totaling $
0.1
 
million in 2025, $
0.1
 
million in 2024, and $
0.2
 
million in 2023.
 
In
December 2023 the lease payments adjusted to $
0.1
 
million annually due to a reduction in the size of the parcel leased by the
Company.
 
The payments under the lease agreement provide for annual lease payments of approximately
 
$
0.1
 
million annually
through December 2033, and thereafter,
 
increase by
5
% every
10
 
years until 2053 at which time the rent amount will adjust based
on reappraisal of the parcel rental value.
 
The Company then has
four
 
successive options to extend the lease for
five years
 
each
with rental increases of
5
% at each extension. Further, in accordance with
 
this lease agreement, the Company made payments of
$
0.5
 
million in May 2024 and $
0.2
 
million in July 2025 to the lessor as reimbursement for a portion of the costs related to the
development of subject property to support the construction of a new banking
 
office by the Company.
 
William G. Smith, III, the son of our Chairman
 
and Chief Executive Officer, William
 
G. Smith, Jr., is employed as
 
Chief Lending
Officer at Capital City Bank.
 
In 2025, 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.