CAPITAL CITY BANK GROUP INC
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 11, 2025
What changed in Risk Factors?
Read the current filingPrevious report: 10-K
Period ended 2023-12-31; filed 2024-03-13.
0000726601-24-000007
Item 1A. Risk FactorsCurrent report: 10-K
Period ended 2024-12-31; filed 2025-03-11.
0000726601-25-000013
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 1677 previous paragraphs and 1875 current paragraphs.
1194 unchanged; 194 reworded; 464 added; 271 removed; 18 previous and 23 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (464)
Current report
lowering the federal funds rate and lowered it three times during the year for a cumulative
Current report
the Federal Reserve released its economic projections suggesting that it will reduce
Current report
there is no guarantee that the Federal Reserve will further reduce the federal funds
Showing the first 40 of 464 passages. Open the source sections for the rest.
Removed paragraphs (271)
Previous report
Prior to 2022, the Federal Reserve had not raised the federal funds rate since
Previous report
December 2018. The increase in the federal funds rate could have an
Previous report
adverse effect on our net interest income and profitability.
Previous report
market interest rates start rising again, interest rate adjustment caps may also limit
Previous report
increases in the interest rates on adjustable-rate
Previous report
loans, which could further reduce our net interest income. Further,
Previous report
increased price competition for deposits resulting from the
Previous report
return to a historically normal interest rate environment could adversely
Previous report
common stock. If securities analysts do not cover our common stock, the lack
Previous report
market price. If we are covered by securities analysts, and our common stock is the subject of
Previous report
we could lose visibility in the financial markets, which may cause our
Previous report
31, 2023, approximately 30.2% and 44.4% of our $2.7 billion
Previous report
As market interest rates have increased, we have experienced significant unrealized
Previous report
and Federal Reserve, declare a dividend from retained net income which accrued
Previous report
state laws generally applicable to Florida corporations may also limit our ability
Previous report
regulations, policies, and supervisory guidance or changes in existing
Showing the first 40 of 271 passages. Open the source sections for the rest.
Reworded paragraphs (194)
Previous wording
deciding whether to invest in our common stock. Our business, including our operating
Current wording
deciding whether to invest in our common stock. Our business, including
Current wording
our operating results and financial condition, could be
Previous wording
any of these risks, and you may lose all or part of your investment. In assessing these risks, you
Current wording
any of these risks, and you may lose all or part of your investment. In assessing these risks,
Previous wording
times for a cumulative increase of 5.25% and there is no guarantee that it will
Current wording
times for a cumulative increase of 5.25%. In 2024, the Federal Reserve began
Previous wording
reduce the federal funds rate in the near-term.
Current wording
rate in the near-term and could maintain the rate at the current level or
Previous wording
eased but remained elevated throughout 2023. Small to medium-sized
Current wording
eased but remained elevated throughout 2023 and 2024. Small to medium
Previous wording
businesses may be impacted more during periods of high
Current wording
-sized businesses may be impacted more during periods
Previous wording
inflation as they are not able to leverage economies of scale to mitigate cost pressures compared
Current wording
of high inflation as they are not able to leverage economies of scale to mitigate cost pressures compared
Previous wording
Our profitability and the success of our business depends substantially on the general
Current wording
Our profitability and the success of our business depends substantially on the
Current wording
general economic conditions of the States of Florida
Previous wording
negative impact on our business and operations.
Current wording
Changes in customer behavior may have a negative impact on our business, financial
Previous wording
A portion of our investment securities portfolio (35.1%) at December
Current wording
A portion of our investment securities portfolio (41.5%) at December 31,
Previous wording
31, 2023 has been designated as available-for-sale pursuant
Current wording
2024 has been designated as available-for-sale pursuant
Previous wording
The shares of our common stock are not a bank deposit and will not be insured or
Current wording
The shares of our common stock are not a bank deposit and will not be insured or guaranteed
Previous wording
December 31, 2023 was approximately 33,775 shares. Due to the limited
Current wording
December 31, 2024 was approximately 31,390 shares. Due to the limited trading
Previous wording
trading activity of our common stock, relativity small
Previous wording
trades may have a significant impact on the price of our common stock.
Current wording
trades may have a significant impact on the price of our common stock. Similarly,
Previous wording
price would likely decline. If one or more of these analysts ceases to cover our Company
Current wording
likely decline. If one or more of analysts covering our common stock ceases to cover
Previous wording
fixed-rate fully amortizing loans secured by single-
Current wording
fixed-rate fully amortizing loans secured by residential
Previous wording
family residential real estate because the collateral securing these loans may
Current wording
real estate because the collateral securing these loans may not be sold as easily as residential
Previous wording
estate. In addition, these loan types tend to involve larger loan balances
Previous wording
to a single borrower or groups of related borrowers and
Current wording
groups of related borrowers and are more susceptible to a risk of
Previous wording
are more susceptible to a risk of loss during a downturn in the business cycle. These
Current wording
loss during a downturn in the business cycle. These loans also have historically
Previous wording
risk than other loans for the following reasons:
Current wording
had greater credit risk than other loans for the
Previous wording
December 31, 2023, commercial mortgage loans comprised approximately
Current wording
31, 2024, commercial mortgage loans comprised approximately 29.4%
Previous wording
. Repayment is generally dependent upon the successful operation of the borrower’s
Current wording
. Repayment is generally dependent upon the successful operation
Previous wording
2023, construction loans comprised approximately 7.2% of our total loan
Current wording
2024, construction loans comprised approximately 8.3% of our total loan portfolio.
Previous wording
At December 31, 2023, HELOCs comprised approximately 7.7% of
Current wording
At December 31, 2024, HELOCs comprised approximately 8.3% of
Previous wording
December 31, 2023, consumer loans comprised approximately 9.9%
Current wording
December 31, 2024, consumer loans comprised approximately 7.6%
Previous wording
making up a majority of this portfolio at approximately 91.2% of the total
Current wording
making up a majority of this portfolio at approximately 87.9% of the total balance.
Previous wording
compared to fixed-rate fully amortizing single-family real estate loans). Loan
Current wording
compared to fixed-rate fully amortizing single-family real estate loans).
Previous wording
defaults would likely increase our loan losses and
Current wording
Loan defaults would likely increase our loan losses and
Previous wording
At December 31, 2023, approximately 81.8% of our loans included real estate as a primary,
Current wording
At December 31, 2024, approximately 85.3% of our loans included real estate as a primary,
Previous wording
loan portfolio was secured by commercial real estate and residential
Current wording
portfolio was secured by commercial real estate and
Showing the first 40 of 194 pairs. Open the source sections for the rest.
Rearranged current paragraphs (23)
Current report — wording carried from elsewhere
types tend to involve larger loan balances to a single borrower or
Current report — wording carried from elsewhere
be necessitated. In the event we are required to
Current report — wording carried from elsewhere
our remedies in order to protect our investment,
Current report — wording carried from elsewhere
on our investment or in an amount sufficient to
Current report — wording carried from elsewhere
could have a material adverse effect on our business, financial condition, and results
Current report — wording carried from elsewhere
However, such unrealized losses do not
Current report — wording carried from elsewhere
the sale of securities for liquidity purposes.
Current report — wording carried from elsewhere
our ability to fund future dividends may be
Current report — wording carried from elsewhere
foregoing could have a material adverse effect on our
Current report — wording carried from elsewhere
business, financial condition, and results of operations.
Current report — wording carried from elsewhere
have a material adverse effect on our business and,
Current report — wording carried from elsewhere
in turn, our financial condition and results of operations.
Current report — wording carried from elsewhere
have, a negative impact on our business and
Current report — wording carried from elsewhere
are inherently difficult to predict. Actual legal and other costs of resolving
Current report — wording carried from elsewhere
our results of operations and financial condition.
Current report — wording carried from elsewhere
deposits. The foregoing could have a material adverse effect
Current report — wording carried from elsewhere
on our financial condition and results of operations. Increased
Current report — wording carried from elsewhere
negatively impact our ability to compete, and require
Current report — wording carried from elsewhere
have a material adverse effect on our business, financial
Current report — wording carried from elsewhere
restrictions on the types of activities in which they
Current report — wording carried from elsewhere
financial condition, and results of operations.
Current report — wording carried from elsewhere
favor, they could have a material adverse effect
Current report — wording carried from elsewhere
business, financial condition and results of operations.
Rearranged previous paragraphs (18)
Previous report — wording carried elsewhere
not be sold as easily as single-family residential real
Previous report — wording carried elsewhere
loans also have historically had greater credit
Previous report — wording carried elsewhere
loans or otherwise pursue our remedies in
Previous report — wording carried elsewhere
equal to our projected return on our investment
Previous report — wording carried elsewhere
conditions, real estate values and other factors
Previous report — wording carried elsewhere
principal amount of the loans, and consequently,
Previous report — wording carried elsewhere
business, operations and financial condition could be materially and
Previous report — wording carried elsewhere
incident. The risk of a cybersecurity-
Previous report — wording carried elsewhere
material adverse effect on our business, financial condition,
Previous report — wording carried elsewhere
“cyber” insurance coverage, which would apply
Previous report — wording carried elsewhere
incident. Furthermore, because cyber-related incidents are inherently difficult
Previous report — wording carried elsewhere
on our business and, in turn, our financial
Previous report — wording carried elsewhere
natural disasters, global climate change, acts of terrorism, global
Previous report — wording carried elsewhere
impact on our business and operations.
Previous report — wording carried elsewhere
proceeding, depending on the remedy sought and granted, could
Previous report — wording carried elsewhere
or adapt our existing products and services. As
Previous report — wording carried elsewhere
of supervisory requirements and activities, including regulatory
Previous report — wording carried elsewhere
and materially affect our competitive position, business