Capital City Bank Group Inc.
06/24/2026 | Press release | Distributed by Public on 06/24/2026 14:39
Annual Report of Employee Stock Purchase/Savings Plan (Form 11-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,D.C.20549
FORM
11-K
ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
____________________________
(Mark One)
[X]
ANNUAL REPORT PURSUANT TOSECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
For the fiscal year ended
December 31, 2025
OR
[ ]
TRANSITION
REPORT PURSUANT TO SECTION15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the transition period from ____________ to ____________
Commission file number 0-13358
A. Full title of the plan and the address of the plan, if different from that ofthe issuer named below:
CAPITAL CITY BANK GROUP, INC.
401(k) Plan
(Exact name of the plan)
B. Name of issuer of the securities held pursuant to the plan and the address of its principalexecutive office:
Capital City Bank Group, Inc.
217 North Monroe Street
Tallahassee, Florida 32301
REQUIRED INFORMATION
The following financial statements shall be furnished for the plan:
The Capital City Bank Group, Inc. 401(k) Plan ("Plan") is subject tothe Employee Retirement Income
Security Act of 1974,as amended ("ERISA").Therefore, in lieu of the requirements of items 1-3 of
Form 11-K, the financial statements as of December 31, 2025 and 2024, and for the year ended December
31, 2025, and schedulesof the Plan as of December 31, 2025 have been prepared in accordance withthe
financial reporting requirements of ERISA.
F
INANCIAL
S
TATEMENTSAND
S
UPPLEMENTAL
S
CHEDULE
Capital City Bank Group, Inc. 401(k) Plan
December 31, 2025 and 2024
and YearEnded December 31, 2025
With Report of Independent Registered Public Accounting Firm
Capital City Bank Group, Inc. 401(k) Plan
Financial Statements and Supplemental Schedule
December 31, 2025 and 2024 and Year Ended December 31, 2025
Contents
Report of Independent Registered Public Accounting Firm............................................................1
Financial Statements
Statements of Net Assets Available for Benefits.............................................................................2
Statement of Changes in Net Assets Available for Benefits............................................................3
Notes to Financial Statements..........................................................................................................4
Supplemental Schedule
Schedule H, Line 4i - Schedule of Assets (Held at End of Year) .................................................13
1
Report of Independent Registered Public Accounting Firm
Plan Administrator, Plan Participants, and Retirement Committee
Capital City Bank Group, Inc. 401(k) Plan
Tallahassee, Florida
Opinion on the Financial Statements
We have audited the accompanying statementsof net assets available for benefits of Capital City Bank Group, Inc. 401(k)
Plan (the "Plan") as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits
for the year ended December 31, 2025, and the related notes (collectively referred to as the "financial statements"). In our
opinion, the financial statements referred to above present fairly, inall material respects, the net assets available for
benefits of Capital City Bank Group, Inc. 401(k) Plan as of December 31, 2025 and 2024, and the changes in net assets
available for benefits for the year ended December 31, 2025 in conformity with accounting principles generally accepted
in the United States of America.
Basis of Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is toexpress an opinion on
these financial statements based on our audits.
We are a public accounting firm registered with thePublic Company Accounting Oversight Board (United States)
("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws
and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordancewith the standards of the PCAOB. Those standards require that we plan and
perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement,
whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over
financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan'sinternal control over
financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether
due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a
test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating
the accounting principles used and significant estimates made by management, as well as evaluating the overall
presentation of the financial statements. Webelieve that our audits provide a reasonable basis for our opinion.
Report on Supplemental Information
The supplemental information in the accompanying Schedule H, Line 4i - Schedule of Assets (Held at End of Year)as of
December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of the Plan'sfinancial
statements. The supplemental schedule is the responsibility of the Plan's management.Our audit procedures included
determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and
other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented
in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the
supplemental schedule, including its form and content, is presented in conformity with the Department of Labor's Rules
and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our
opinion, the Schedule H, Line 4i - Schedule of Assets (Held at End of Year)as of December 31, 2025 is fairly stated, in
all material respects, in relation to the basic financial statements taken as a whole.
/s/
Forvis Mazars, LLP
Little Rock, Arkansas
June 24, 2025
We have served as the Plan's auditorsince 2022.
2
Capital City Bank Group, Inc. 401(k) Plan
Statements of Net Assets Available for Benefits
December 31,
2025
2024
Assets
Investments at fair value
$
86,050,103
$
56,782,158
Receivables:
Notes receivable from participants
226,042
-
Total assets
86,276,145
56,782,158
Net assets available for benefits
$
86,276,145
$
56,782,158
See accompanying notes.
3
Capital City Bank Group, Inc. 401(k) Plan
Statement of Changes in Net Assets Available for Benefits
YearEnded December 31, 2025
2025
Additions
Investment income:
Dividends and interest income
$
1,129,735
Net appreciation in fair value of investments
11,177,818
Total Investment Income
12,307,553
Interest from Notes Receivable from Participants
25,744
Contributions:
Participants
5,483,011
Employer
2,830,431
Rollover
471,820
Total Contributions
8,785,262
Total Additions
21,118,559
Deductions
Benefit payments
8,869,997
Administrative expenses
100,686
Total Deductions
8,970,683
Net increase
12,147,876
Transfer of net assets from Capital City Home Loans 401(k) Plan
17,346,111
Net assets available for benefits at beginning of year
56,782,158
Net assets available for benefits at end of year
$
86,276,145
See accompanying notes.
4
Capital City Bank Group, Inc. 401(k) Plan
Notes to Financial Statements
December 31, 2025 and 2024
1. Description of Plan
The following description of theCapital City Bank Group, Inc.401(k) Plan (the "Plan") provides general
informationaboutthePlan'sprovisions.CapitalCityBankGroup,Inc.(the"Company")istheplan
sponsor.ParticipantsshouldrefertothePlandocumentandSummaryPlanDescriptionforamore
complete description of the Plan's provisions, copies of which may be obtained from the plan sponsor.
General
The Planis adefined contributionretirement planestablished underthe provisionsof Section401(a) of
the InternalRevenue Code(the "IRC"),which includesa qualifieddeferred arrangement asdescribed in
Section401(k)oftheIRC.ThePlanisintendedtoprovidebenefitstoalleligibleemployeesofthe
Company.EmployeesoftheCompanywhoarenotexcludedandotherwisemeettherequirements
become eligibleto participatein thePlan atthe timeofemployment. Employeesmay enterthePlan on
the first dayof the monthcoinciding with orfollowing the dateon which theemployee becomes eligible
to participate in the Plan.
CapitalCityHomeLoans,LLC("CCHL")becameawhollyownedsubsidiaryoftheCompanyon
January 1, 2025.The Plan was restated to include theemployees of CCHL effective January1, 2025 and
mergetheassets oftheCapital CityHome Loans401(k) Planinto thePlan effectiveJanuary 15,2025.
Additionally, thePlan was amended to permitexisting participant loan balances transferredin the merger
to remainoutstanding; however,
no
new participantloans arepermitted.In connectionwith themerger,
netassetstotalingapproximately$
17.3
millionweretransferredintothePlanandarepresentedas
"TransferofnetassetsfromCapital CityHome Loans401(k)Plan"intheaccompanying Statementof
Changes inNet AssetsAvailableforBenefits.The transferredbalances primarilyincluded participant-
directedinvestmentsof$
16.6
million,participantloansof$
0.3
million,andemployercontribution
receivables,inclusiveofforfeiturebalancesappliedagainstsuchcontributions,totaling$
0.4
million
related to the predecessor plan year.
The overall responsibility for administering the Plan rests with the Company.However, the Company has
delegatedadministrationofthePlantotheCompany'sRetirementCommittee(the"Plan
Administrator").Theadministrativeandrecord-keepingservicesareoutsourcedtoEmpowerAnnuity
InsuranceCompanyofAmerica,whileRelianceTrustservesastrusteeandassetcustodian.Strategic
Retirement Partners served as the 3(38) fiduciary for the plan year ended December31, 2025.
Capital City Bank Group, Inc. 401(k) Plan
Notes to Financial Statements (continued)
5
Contributions
Each year,participants mayelect tocontribute upto
100
% ofpretax annualcompensation, asdefined in
the Plandocument andsubject tocertain limitationsunder theIRC.Participants maychoose tochange
their deferralpercentage atany time.The Planalso includesan automaticcontribution arrangementthat
applies tonew orre-hired employeesof theCompany.The automaticdeferral amountis
3
% ofeligible
compensation.The Planauto-escalates participants'deferral rateby
1
% annuallyeach Juneuntil a
6
%
deferral rateis achieved.Employees whodo notwish tobe automaticallyenrolled orauto-escalate may
elect notto deferor todefer another percentage.The Planalso allowsparticipants who reachthe ageof
50duringthetaxableyeartomakecatch-upcontributionswhichwouldexceedtheordinarydeferral
limits imposed by Internal RevenueCode Section 402(g).The Plan also allows participantsto contribute
monies as Roth contributions, subject to the same limitations as are in place for pretaxcontributions.
For 2025, the Company provided a
50
% discretionary match on participantcontributions of
6
% or less of
eligible compensation.Only employees hired afterJanuary 1, 2002, andwho have completed
90 days
of
service, are eligiblefor this match.In addition, employees hiredor rehired afterDecember 31, 2019,are
eligible to receive aseparate non-elective contribution equal to
3
% of their eligibleannual compensation,
calculatedonapayrollbasis.
Ninety days
ofserviceisrequiredbeforethisnon-electivecontribution
begins.
No
additional discretionary employer contributions were made for 2025.
EffectiveApril1,2026,thePlanwasamendedtoextendthe
1
%automaticescalationfeatureuntil
participantdeferralsreach
10
%.EffectiveApril1,2026,theCompanyapprovedincreasingthe
discretionary employer match onparticipant contributions to a
50
% match on participantcontributions of
7
% or less of eligible compensation.
Participant Accounts
Eachparticipant'saccountiscreditedwiththeparticipant'scontribution,theCompanymatching
contributions, and effective January1, 2020 the
3
% non-elective contribution foreligible employees, and
allocations of Plan earnings based on the participant'sinvestment elections.Administrative expenses and
anyapplicablewithdrawalfeesarepaidbythePlan,theparticipants,ordirectlybytheCompany,as
defined inthe Plan documentand/or vendor agreements.The benefit towhich a participantis entitled is
thebenefitthatcanbeprovidedfromtheparticipant'svestedaccount.Eachparticipantdirectsthe
investment of his or her account to any of the investment options available underthe Plan.
Vesting
Participantsareimmediatelyvestedintheircontributionsplusactualearningsthereon.Vestinginthe
Company's matching portion (including the
3
% non-elective contributions) plus actual earnings thereon is
based onyears ofcredited service.A participantis
100
%vested inthe Company'smatching,
3
%non-
elective and discretionary contributions (if any), and related earnings thereon, after
three years
of credited
service (ona cliffbasis).Credited serviceforvesting purposesrequires
1,000 Hours
ofService during
the Plan year.
AspartoftheJanuary1,2025CCHLPlanmerger,transferredparticipantsretainedvestedbalances
earned under the predecessor plan terms and become fully vested upon
3 years
of service.
A participant becomes fully vested in his or her account balance upon retirement,death or disability.
Capital City Bank Group, Inc. 401(k) Plan
Notes to Financial Statements (continued)
6
Notes Receivable from Participants
ParticipantsinthelegacyCapitalCityHomeLoans401(k)Planwerepreviouslypermittedtoborrow
from theirfund accountsat minimumof $
1,000
up toa maximumequal tothe lesserof $
50,000
or
50
%
of theirvested accountbalance.The loansare securedby thebalance inthe participant'saccount.The
loan interest rate was based on Prime rateplus
1
% on the date of theloan.Effective October 1, 2024, the
Capital City HomeLoans 401(k) Plan ceasedpermitting new participant loans;however, participant loan
balancesoutstandingpriortosuchdateweretransferredtothePlaninconnectionwiththemergeron
January1,2025.Outstandingprincipalandinterestisrepaidthroughmonthlypayrolldeductionsin
accordance with the originalloan terms. No additionalparticipant loans are permittedunder the amended
Plan provisions.
Forfeitures
Forfeituresmaybe,andare,usedtoreduceemployercontributions(eithernon-electiveormatching
contributions)and/orpayPlanexpenses,includingPlanadministrativeexpenses.Unallocatedforfeited
balancesasofDecember31,2025and2024wereapproximately$
43,900
and$
44,800
,respectively.
During2025,forfeituresofapproximately$
77,300
wereallocatedtoparticipantaccountstooffset
administrativeexpenses.TheCompanyusedforfeituresofapproximately$
55,000
toreduceCompany
contributions in 2025.
Payment of Benefits
Uponterminationofserviceduetodeath,disability,retirementorotherreason,participants(ortheir
beneficiaryintheeventofdeath)will,uponrequest,receivealump-sumamount,orotherinstallment
distributions, as permitted by the Plan Document, equal to the value of the vested interest in their account.
Participants mayalso receivea distributionwhile inservice upondemonstration offinancial hardshipor
reaching age 59½.Participants that arequalified reservists andare called uponfor active dutyfor more
than 179 days or an indefinite period may receive a distribution.
Administrative Expenses
The Plan'sadministrative expenseswere paid,pro rata,by participants.Forfeitures wereused tooffset
participantexpenses.Expensesrelatingtopurchases,sales,transfersordistributionsofthePlan's
investments are charged to the particular investment fund and/or participant to which theexpense relates.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue
itscontributionsatanytimeandtoterminatethePlansubjecttotheprovisionsoftheEmployee
RetirementIncomeSecurityActof1974,asamended(ERISA).IntheeventofPlantermination,
participants would become
100
% vested in their employer contributions and earnings thereon.
Capital City Bank Group, Inc. 401(k) Plan
Notes to Financial Statements (continued)
7
Amendments
OnSeptember18,2024,thePlanwasamendedtoallowautoportabilityeffectiveJanuary1,2025,
whereby upontermination athird-party serviceprovider willmove theterminated participant'saccount
balance to an active account at a new employer's plan.
2. Summary of Significant Accounting Policies
Basis of Accounting
The financial statements of the Plan are prepared under the accrual basis of accounting in accordance with
U.S. generally accepted accounting principles.
Contributions
Contributions fromPlan participantsand thematching contributionsfrom theEmployer arerecorded in
the year in which the employee contributions are withheld from compensation.
Notes Receivable From Participants
Notesreceivable fromparticipants aremeasuredattheirunpaidprincipal balanceplusanyaccrued but
unpaidinterest.Interestincomeisrecordedontheaccrualbasis.Relatedfeesarerecordedas
administrative expenses and are expensed when they are incurred.
Payment of Benefits
Benefits are recorded when paid.
Use of Estimates
The preparation offinancial statements inconformity with U.S.generally accepted accountingprinciples
requires management to makeestimates and assumptions that affectthe amounts reported inthe financial
statementsandaccompanyingnotesandsupplementalschedule.Actualresultscoulddifferfromthose
estimates.
Investment Valuation and Income Recognition
InvestmentsheldbythePlanarestatedatfairvalue.Fairvalueisdefinedasthepricethatwouldbe
received to sell an asset or paid to transfer a liability in an orderly transaction between market participants
at themeasurement date(an exitprice). SeeNote 3 forfurther discussionand disclosuresrelated tofair
value measurements.
Purchases and sales of securities are recorded on atrade-date basis. Interest income is recorded as earned.
Dividends are recorded on the ex-dividend date. Net appreciation /(depreciation) include the Plan's gains
and losses on investments bought and sold as well as held during the year.
Capital City Bank Group, Inc. 401(k) Plan
Notes to Financial Statements (continued)
8
Recent Accounting Pronouncements
Presently,Planmanagementisnotawareofanyrecentaccountingpronouncements fromtheFinancial
AccountingStandardsBoardthatwillhaveamaterialimpactonthePlan'spresentorfuturefinancial
statements.
3. Fair Value Measurements
Fair value is defined as theprice that would be received tosell an asset or paid totransfer a liability in an
orderlytransactionbetweenmarketparticipantsonthemeasurementdate(i.e., anexitprice).Thefair
valuehierarchyprioritizes theinputstovaluationtechniquesusedtomeasurefairvalue.Thehierarchy
gives thehighest priorityto unadjustedquoted pricesin activemarkets foridentical assetsand liabilities
(Level 1)andthelowestprioritytounobservableinputs(Level 3).Thethreelevelsofthefairvalue
hierarchy are described below:
Level 1:Unadjustedquoted pricesinactivemarketsthatareaccessibletothereportingentityat
the measurement date for identical assets and liabilities.
Level 2:Inputsotherthanquotedpricesinactivemarketsforidenticalassetsandliabilitiesthat
are observable either directly or indirectly for substantially the full term ofthe asset or liability.
Level 2 inputs include the following:
●
quoted prices for similar assets and liabilities in active markets
●
quoted prices for identical or similar assets or liabilities in markets that are notactive
●
observableinputsotherthanquotedpricesthatareusedinthevaluationoftheassetor
liabilities (e.g., interest rate and yield curve quotes at commonly quotedintervals)
●
inputs that are derived principally or corroborated by observable market data bycorrelation or
other means
Level 3: Unobservable inputsfor theasset orliability (i.e., supported bylittle orno marketactivity).
Level 3 inputs include management'sown assumption about the assumptions thatmarket participants
would use in pricing the asset or liability (including assumptions aboutrisk).
The levelin thefair valuehierarchy withinwhich thefair valuemeasurement isclassified isdetermined
based upon the lowest level input that is significant to the fair valuemeasurement in its entirety.
Followingisadescriptionofthevaluationtechniquesandinputsusedforeachgeneraltypeof
investments measured atfair value bythe Plan.There have beenno changes inthe valuation techniques
used at December 31, 2025 and 2024.
Company common stock
: Valuedat the closing price reported onthe active market on which thecommon
stock is traded.
Mutual funds
: Valuedat the daily closing price as reported by the fund. Mutual funds held by the Plan are
open-ended mutual funds that are registeredwith the SEC. These fundsare required to publish their daily
net assetvalue (NAV)and totransact atthat price.The mutualfunds heldby thePlan aredeemed tobe
actively traded.
Capital City Bank Group, Inc. 401(k) Plan
Notes to Financial Statements (continued)
9
Collective investmenttrusts:
Valuedat theNAVofunits ofa collectiveinvestment trust.The NAV,as
provided bythe trustee,is usedas apractical expedient toestimate fairvalue. TheNAVis basedon the
fair value of the underlying investments held bythe fund less its liabilities. This practical expedient isnot
used whenit isdetermined tobe probablethat thefund willsell theinvestment foran amountdifferent
thanthereported NAV.Participant transactions(purchased andsales) mayoccur daily.There were
no
unfunded commitments atDecember 31, 2025,or 2024.The fund hasa daily redemptionfrequency and
redemption notice period.
Thefollowingtablessetforthbylevel,withinthefairvaluehierarchy,thePlan'sassetscarriedatfair
value.
December 31, 2025
Level 1
Level 2
Level 3
Total
Company common stock
$
2,133,682
$
-
$
-
$
2,133,682
Mutual funds
20,059,332
-
-
20,059,332
Collective investment trusts
(a)
-
-
-
63,857,089
$
22,193,014
$
-
$
-
$
86,050,103
December 31, 2024
Level 1
Level 2
Level 3
Total
Company common stock
$
2,665,825
$
-
$
-
$
2,665,825
Mutual funds
12,537,491
-
-
12,537,491
Collective investment trusts
(a)
-
-
-
41,578,842
$
15,203,316
$
-
$
-
$
56,782,158
(a)
These investments are valued based on NAV per unit, as provided by the trustee of the fund as
a practical expedient, and have not been classified in the fair valuehierarchy.The fair value
amounts are provided to reconcile to the statement of net assets availablefor benefits.
4. Risks and Uncertainties
The Planholds variousinvestment securities.Investment securitiesare exposedto variousrisks suchas
interest rate, market, liquidity and credit risks.Due to the level of riskassociated with certain investment
securities,itisatleastreasonablypossiblethatchangesinthefairvaluesofinvestmentsecuritieswill
occur in the near term and that such changes could materially affect participants' accountbalances and the
amounts reported in the statements of net assets available for benefits.
Capital City Bank Group, Inc. 401(k) Plan
Notes to Financial Statements (continued)
10
5. Related Party and Party-In-Interest Transactions
ThePlaninvestsinthecommonstockoftheCompany.Thistransactionqualifiesasparty-in-interest
transaction; however,it isexempt fromthe prohibitedtransaction rulesunder ERISA.During2025, the
Planreceivedcommonstockcashdividendsof$
65,556
fromtheCompany.Certainadministrative
functions are performed by officersor employees of the Company.
No
such officer or employee receives
compensation from the Plan.Administrative expenses of the Planare netted directly from theparticipant
accounts and were $
100,686
during the year endedDecember 31, 2025.In 2025, the Planpaid $
162,183
ofrecordkeepingfeestoEmpowerAnnuityInsuranceCompanyofAmerica.Individuallynonmaterial
expenses paidto otherparties ininterest aggregated$
25,500
during theyear endedDecember 31,2025.
Additionally,purchases andsales ofthe Company'sstock byparticipants wereapproximately $
206,000
and $
1,129,000
, respectively, during 2025.
6. Tax Status
The underlying pre-approved plan has
received
an opinion letter from the InternalRevenue Service (IRS)
dated
November 14, 2022
,statingthatthewrittenformoftheunderlyingpre-approveddocumentis
qualified underSection 401 ofthe IRC.Any employeradopting thisform ofthe planwill beconsidered
to have a plan
qualified
under Section 401 of the IRC, and, therefore, the related trust is tax-exempt. Once
qualified, thePlan isrequired tooperate inconformity withthe IRCto maintainits qualifiedstatus. The
plan administratorbelieves thePlan isbeing operated incompliance withthe applicablerequirements of
the IRC and, therefore, believes the Plan is qualified and the relatedtrust is tax exempt.
Accountingprinciplesgenerallyaccepted intheUnitedStates requireplan managementtoevaluate tax
positions takenby thePlan andrecognize ataxliability ifthe Planhas takenan uncertainposition that
more likely than not would not be sustained upon examination by the IRS. Plan managementhas analyzed
thetaxpositionstakenbythePlan,andhasconcludedthattherearenouncertainpositionstakenor
expected to be taken. The Plan is subject to routine audits by taxing jurisdictions;however, currently there
are no audits for any tax periods in progress.
7. Reconciliation of Financial Statements to Form 5500
The followingisa reconciliationof netassets availablefor benefitper thefinancial statementsto Form
5500 as of December 31:
2025
2024
Net assets available for benefit per the financial statements
$
86,276,145
$
56,782,158
Deemed distributions of notes receivable
(21,121)
-
Net assets available for benefit per the Form 5500
$
86,255,024
$
56,782,158
Capital City Bank Group, Inc. 401(k) Plan
Notes to Financial Statements (continued)
11
Thefollowingisareconciliationofnotesreceivablefromparticipantsperthefinancialstatementsto
Form 5500 as of December 31:
2025
2024
Notes receivable from participants per the financial statements
$
226,042
$
-
Deemed distributions of notes receivable
(21,121)
-
Notes receivable from participants per the Form 5500
$
204,921
$
-
The following is a reconciliation of benefits paid to participants per the financial statements to Form 5500
for the yearended December 31:
2025
Benefits paid to participants per the financial statements
$
8,869,997
Deemed distributions of notes receivable
21,121
Benefits paid to participants per the Form 5500
$
8,891,118
Supplemental Schedule
13
Capital City Bank Group, Inc. 401(k) Plan
Plan No.
003
EIN
59-2273542
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2025
Identity of Issue, Borrower,
Lessor, or Similar Party
Description of Investment Including Maturity Date, Rate of
Interest, Collateral, Par, or Maturity Value
Cost
Current
Value
Mutual funds:
Cohen & Steers
Real Estate Securities Z, 17,714 shares
**
$
307,687
Fidelity
Advisor Small Cap Growth I, 40,982 shares
**
1,436,420
Fidelity
Advisor Total Bond I, 107,466 shares
**
1,038,122
PGIM
High-Yield R6, 73,384 shares
**
355,912
Fidelity
Emerging Markets Index, 66,341 shares
**
907,544
Franklin Templeton
Franklin Utilities R6, 30,474 shares
**
737,481
MFS
Mid Cap Value R6, 11,468 shares
**
358,360
JP Morgan
100% U.S. Treas Sec MM Inst, 2,598,721 shares
**
2,598,721
Vanguard
Mid Cap Index Fund - Admiral, 6,280 shares
**
2,256,665
Pimco
RAE US Small Instl, 14,006 shares
**
162,885
American
Funds Mortgage R6, 11,206 shares
**
100,290
T. Rowe Price
U.S. Equity Research, 33,637 shares
**
2,261,774
Blackrock
Advantage Small Cap Core K, 19,235 shares
**
384,699
Vanguard
Equity Income ADM, 15,801 shares
**
1,468,103
Fidelity
Stock Selector Fund K, 24,343 shares
**
1,346,187
MFS
Blended Research Mid Cap Equity Fund, 36,483 shares
**
542,131
JP Morgan
Large Cap Growth Fund R6, 43,919 shares
**
3,796,351
Total
20,059,332
Collective investment trusts:
Blackrock
Equity Index Fund R, 6,874 shares
**
6,748,238
Blackrock
Lifepath Index Retirement S, 252,880 shares
**
6,180,975
Blackrock
Lifepath Index 2030 Fund S, 149,093 shares
**
5,875,900
Blackrock
Lifepath Index 2035 Fund S, 207,809 shares
**
9,341,659
Blackrock
Lifepath Index 2040 Fund S, 183,096 shares
**
9,225,595
Blackrock
Lifepath Index 2045 Fund S, 109,545 shares
**
6,111,910
Blackrock
Lifepath Index 2050 Fund S, 88,312 shares
**
5,093,880
Blackrock
Lifepath Index 2055 Fund S, 134,135 shares
**
4,100,422
Blackrock
Lifepath Index 2060 Fund S, 74,475 shares
**
2,208,798
Blackrock
Lifepath IDX 2065 Fund Fee S, 54,937 shares
**
1,037,490
Blackrock
MSCI ACWI ex-U.S. Index R, 72,716 shares
**
1,599,964
Blackrock
Russell 1000 Growth R, 75,108 shares
**
3,901,932
Blackrock
Russell 1000 Value Index Fund R, 23,159 shares
**
617,825
Blackrock
Russell 2000 Index Fund R, 5,988 shares
**
1,812,501
Total
63,857,089
Company common stock:
*
Capital City Bank Group, Inc.
Capital City Bank Group Stock, 50,122 shares
**
2,133,682
*
Notes Receivable from
Participants
Participant loans, interest rates ranging from
4.25
% to
9.5
%,
maturities through 2029
204,921
$
86,255,024
* Party-in-interest
** Participant-directed investment, cost not required
CAPITAL CITY BANK GROUP,INC. 401(K) PLAN
EXHIBIT INDEX
ExhibitNo.Document
23.1*
Consent of Forvis Mazars, LLP, Independent Registered Certified Public Accounting
Firm
*Filed herewith
SIGNATURES
The Plan.
Pursuant to the requirements of the Securities Exchange Act of 1934,the trustees (or other
persons who administer the employee benefit plan) have duly causedthis annual report to be signed on its
behalf by the undersigned hereunto duly authorized.
CAPITAL CITY BANK GROUP,INC. 401(K) PLAN
By: /s/ Ashley T. Leggett
Ashley T. Leggett,Chief People Officer
Capital City Bank Group, Inc.
Retirement Committee, Chairman
Dated: June 24, 2026
Capital City Bank Group Inc. published this content on June 24, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT) on June 24, 2026 at 20:39 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]