<SEC-DOCUMENT>0000726601-18-000002.txt : 20180112
<SEC-HEADER>0000726601-18-000002.hdr.sgml : 20180112
<ACCEPTANCE-DATETIME>20180112141512
ACCESSION NUMBER:		0000726601-18-000002
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180112
ITEM INFORMATION:		Results of Operations and Financial Condition
FILED AS OF DATE:		20180112
DATE AS OF CHANGE:		20180112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAPITAL CITY BANK GROUP INC
		CENTRAL INDEX KEY:			0000726601
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				592273542
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13358
		FILM NUMBER:		18525621

	BUSINESS ADDRESS:	
		STREET 1:		217 N MONROE ST
		CITY:			TALLAHASSEE
		STATE:			FL
		ZIP:			32301
		BUSINESS PHONE:		8506710300

	MAIL ADDRESS:	
		STREET 1:		PO BOX 11248
		CITY:			TALLAHASSEE
		STATE:			FL
		ZIP:			32302-3248
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ccbg_8k.htm
<DESCRIPTION>FORM 8K
<TEXT>

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-CA style="font-size:10.0pt;">UNITED STATES</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">WASHINGTON, DC&#160; 20549</font></b></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">____________________</font></b></p>

<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">FORM
8-K</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CURRENT REPORT</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Pursuant to Section 13 or 15(d) of the</font></b></p>

<p style="margin-bottom:.5in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Securities
Exchange Act of 1934</font></b></p>

<p style="margin-bottom:.5in;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Date
of Report (Date of earliest event reported):&#160; </font></b><u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;font-weight:normal;">January 12, 2018</font></u></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CAPITAL CITY BANK GROUP, INC.</font></u></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(Exact name of registrant
as specified in its charter)</font></p>

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  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">Florida</font></p>
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  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">0-13358</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
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  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;padding:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">59-2273542</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">(State of Incorporation)</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">(Commission File Number)</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">(IRS Employer Identification No.)</font></p>
  </td>
 </tr>
<tr style="height:17.55pt;">
  <td colspan=3 valign=top width=67% style="height:17.55pt;padding:0in 5.4pt 0in 5.4pt;">
<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:.25in;padding:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">217 North Monroe Street, Tallahassee, Florida</font></p>
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  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
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<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
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  <p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">(Address of principal
  executive offices)</font></p>
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  <p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman,serif" style="font-size:10.0pt;">(Zip Code)</font></p>
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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Registrant&#8217;s
telephone number, including area code:&#160; </font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(850) 402-7821</font></u></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">___________________________________________________</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(Former Name or Former
Address, if Changed Since Last Report)</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">[&#160;&#160; ]&#160; Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)</font></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">[&#160;&#160; ]&#160; Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">[&#160;&#160; ]&#160; Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">[&#160;&#160; ]&#160; Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<p style="margin-bottom:6.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933
(&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(&#167;240.12b-2 of this chapter).</font></p>

<p style="margin-bottom:6.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Emerging
growth company [&#160; ]</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">If
an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of
the Exchange Act.&#160; [&#160; ]</font></p>









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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CAPITAL
CITY BANK GROUP, INC.</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">FORM 8-K</font></b></p>

<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CURRENT
REPORT</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">Item 2.02&#160;&#160;&#160;&#160;&#160; Results of Operations and Financial
Condition.</font></b></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;text-indent:.5in;"><a name=S161900906></a><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:11.4pt;">On December 22, 2017, the U.S. government enacted comprehensive
tax legislation commonly referred to as the Tax Cuts and Jobs Act (the &#8220;Tax
Act&#8221;). The new law makes broad and complex changes to the U.S. tax code and it
will take time to interpret the changes. Based on Capital City Bank Group,
Inc.&#8217;s (the &#8220;Company&#8221;) current understanding of the law following a preliminary
review, the Company estimates significant impacts to its fourth quarter and
full year 2017 earnings, as well as future periods.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;text-indent:.5in;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:11.4pt;">In
particular, the reduction of the U.S. corporate tax rate will cause the Company
to revalue its U.S. <a name=T0></a><a name="S161900906_bclEnd"></a>deferred tax assets and liabilities at the
lower tax rate of 21 percent. The Company estimates the overall impact of the
Tax Act will require the Company to write down its net deferred tax asset by
$4.0 million, or $0.24 per share in the fourth quarter of 2017.&#160; This estimate
is based upon a review and analysis of the Company&#8217;s net tax assets, including
those accounted for in accumulated other comprehensive income.&#160; The expected
write-down of the Company&#8217;s deferred tax asset will also reduce the Company&#8217;s
regulatory capital and its capital ratios, although its capital ratios are
expected to remain well above all minimum regulatory capital requirements. </font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;text-indent:.5in;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:11.4pt;">The banking
industry is currently awaiting final guidance from the Financial Accounting
Standards Board related to certain tax effects stranded in accumulated other
comprehensive income, which may favorably impact the Company&#8217;s regulatory
capital ratios.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;text-indent:.5in;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:11.4pt;">While the
Tax Act is expected to negatively impact earnings in the fourth quarter of
2017, the lower corporate tax rate is expected to be a significant ongoing
benefit to the Company. Beginning in 2018, the Company anticipates an effective
tax rate of approximately 24%.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;text-indent:.5in;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:11.4pt;">The Company
expects to announce financial results for the quarter and year ended December
31, 2017 on January 23, 2018.</font></p>

<p style="margin:0in;margin-bottom:12.0pt;text-align:justify;text-indent:.5in;"><a name="T0_bclEnd"></a><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The
information furnished under Item 2.02 of this Current Report shall not be
deemed &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of
1934, nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, except as shall be expressly set forth by specific
reference in such filing.</font></p>

<p align=center style="margin:0in;margin-bottom:12.0pt;text-align:center;"><a name=C9></a><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">FORWARD-LOOKING
STATEMENTS</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Forward-looking statements in this Form 8-K are based
on current plans and expectations that are subject to uncertainties and risks,
including the impact of the Tax Act and the issuance of any related
interpretations, which could cause the Company&#8217;s future results to differ
materially. The following factors, among others, could cause the Company&#8217;s
actual results to differ: the accuracy of the Company&#8217;s financial statement
estimates and assumptions; legislative or regulatory changes, including the
Dodd-Frank Act, Basel III, and the ability to repay and qualified mortgage
standards;</font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> fluctuations in inflation, interest rates,
or monetary policies; the effects of security breaches and computer viruses
that may affect the Company&#8217;s computer systems or fraud related to debit card products;
changes in consumer spending and savings habits; the Company&#8217;s growth and
profitability; the </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">strength of the U.S. economy and the local economies
where the Company conducts operations; the effects of the Company&#8217;s lack of a
diversified loan portfolio, including the risks of geographic and industry
concentrations; harsh weather conditions and man-made disasters; changes in the
stock market and other capital and real estate markets; customer acceptance of
third-party products and services;</font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">increased
competition and its effect on pricing, including the long-term impact on our
net interest margin from the repeal of Regulation Q; negative publicity and the
impact on our reputation; technological changes, especially changes that allow
out of market competitors to compete in </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">our markets;</font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">changes in accounting;</font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">
and </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">the Company&#8217;s </font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ability to manage the risks
involved in the foregoing.</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> Additional factors can be found in the
Company&#8217;s Annual Report on Form 10-K for the fiscal year ended December 31,
2016, and the Company&#8217;s other filings with the SEC, which are available at the
SEC&#8217;s internet site (http://www.sec.gov). Forward-looking statements in this
Form 8-K speak only as of the date of this Form 8-K, and the Company assumes no
obligation to update forward-looking statements or the reasons why actual
results could differ.</font></p>

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<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">SIGNATURES</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Pursuant to the
requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.</font></p>

<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CAPITAL
CITY BANK GROUP, INC.</font></b></p>

<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Date:&#160;&#160;&#160;&#160;&#160;
</font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">January 12, 2018</font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By:</font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></u></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; J.
Kimbrough Davis,</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Executive
Vice President</font></p>

<p style="margin-bottom:24.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; and
Chief Financial Officer</font></p>

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