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

Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

3 Months Ended

Mar. 31, 2017

Compensation and Retirement Disclosure [Abstract]

NOTE 5 - EMPLOYEE BENEFIT PLANS

The Company has a defined benefit pension plan covering substantially all full-time and eligible part-time associates and a Supplemental Executive Retirement Plan (“SERP”) covering its executive officers.

The components of the net periodic benefit cost for the Company's qualified benefit pension plan were as follows:

	Three Months Ended March 31,
(Dollars in Thousands)	2017		2016
Service Cost	$	1,688	$	1,613
Interest Cost		1,437		1,397
Expected Return on Plan Assets		(2,006)		(1,934)
Prior Service Cost Amortization		56		69
Net Loss Amortization		953		801
Net Periodic Benefit Cost	$	2,128	$	1,946

Discount Rate		4.21%		4.52%
Long-term Rate of Return on Assets		7.25%		7.50%

The components of the net periodic benefit cost for the Company's SERP were as follows:

	Three Months Ended March 31,
(Dollars in Thousands)	2017		2016
Interest Cost	$	48	$	40
Net Loss Amortization		149		190
Net Periodic Benefit Cost	$	197	$	230

Discount Rate		3.92%		4.13%