XML 111 R41.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2019

Compensation and Retirement Disclosure [Abstract]

Schedule of components of pension expense, the funded status of the plan, amounts recognized in the consolidated statements of financial condition, and major assumptions

(Dollars in Thousands)	2019			2018			2017
Change in Projected Benefit Obligation:
Benefit Obligation at Beginning of Year	$	149,347		$	165,084		$	152,585
Service Cost		6,114			6,884			6,752
Interest Cost		6,178			5,661			5,750
Actuarial Loss (Gain)		25,715			(16,349)			10,877
Benefits Paid		(6,255)			(11,686)			(10,541)
Expenses Paid		(269)			(247)			(339)
Projected Benefit Obligation at End of Year	$	180,830		$	149,347		$	165,084
Change in Plan Assets:
Fair Value of Plan Assets at Beginning of Year	$	134,535		$	129,719		$	113,813
Actual Return (Loss) on Plan Assets		28,635			(6,251)			16,786
Employer Contributions		5,000			23,000			10,000
Benefits Paid		(6,255)			(11,686)			(10,541)
Expenses Paid		(269)			(247)			(339)
Fair Value of Plan Assets at End of Year	$	161,646		$	134,535		$	129,719
Funded Status of Plan and Accrued Liability Recognized at End of Year:
Other Liabilities	$	19,184		$	14,812		$	35,365
Accumulated Benefit Obligation at End of Year	$	156,327		$	130,477		$	144,139
Components of Net Periodic Benefit Costs:
Service Cost	$	6,114		$	6,884		$	6,752
Interest Cost		6,178			5,661			5,750
Expected Return on Plan Assets		(9,527)			(9,564)			(8,026)
Amortization of Prior Service Costs		15			199			223
Net Loss Amortization		3,862			3,673			3,812
Net Periodic Benefit Cost	$	6,642		$	6,853		$	8,511
Weighted-Average Assumptions Used to Determine Benefit Obligation:
Discount Rate		3.53%			4.43%			3.71%
Rate of Compensation Increase(1)		4.00%			4.00%			3.25%
Measurement Date		12/31/19			12/31/18			12/31/17
Weighted-Average Assumptions Used to Determine Benefit Cost:
Discount Rate		4.43%			3.71%			4.21%
Expected Return on Plan Assets		7.25%			7.25%			7.25%
Rate of Compensation Increase(1)		4.00%			3.25%			3.25%
Amortization Amounts from Accumulated Other Comprehensive Income:
Net Actuarial Loss (Gain)	$	6,606		$	(533)		$	2,117
Prior Service Cost		(15)			(199)			(223)
Net Loss		(3,862)			(3,673)			(3,812)
Deferred Tax (Benefit) Expense		(694)			1,118			5,898
Other Comprehensive Loss (Gain), net of tax	$	2,035		$	(3,287)		$	3,980
Amounts Recognized in Accumulated Other Comprehensive Income:
Net Actuarial Losses	$	37,235		$	34,491		$	38,698
Prior Service Cost		50			66			265
Deferred Tax Benefit		(9,451)			(8,757)			(9,876)
Accumulated Other Comprehensive Loss, net of tax	$	27,834		$	25,800		$	29,087
(1) Effective 12/31/18, the Company utilized an age-graded approach that varies the rate based on the age of the participants.

Schedule of pension plan asset allocation and the target asset allocation

			Target			Percentage of Plan
			Allocation			Assets at December 31(1)
			2020			2019			2018
Equity Securities			65	%		72	%		67	%
Debt Securities			30	%		19	%		21	%
Cash and Cash Equivalents			5	%		9	%		12	%
Total			100	%		100	%		100	%

(1) Represents asset allocation at December 31 which may differ from the average target allocation for the year due to the year-end cash contribution to the plan.

Schedule of fair value of plan assets by level of the valuation inputs within the fair value hierarchy

(Dollars in Thousands)		2019			2018
Level 1:
U.S. Treasury Securities		$	907		$	398
Mutual Funds			142,127		$	112,131
Cash and Cash Equivalents			13,943			16,788
Level 2:
U.S. Government Agency			2,078			2,822
Corporate Notes/Bonds			2,591			2,396
Total Fair Value of Plan Assets		$	161,646		$	134,535

Schedule of expected benefit payments related to the defined benefit pension plan

Expected Benefit Payments. At December 31, expected benefit payments related to the defined benefit pension plan were as follows:
(Dollars in Thousands)	2019
2020	$	14,230
2021		13,551
2022		13,268
2023		13,089
2024		13,216
2025 through 2029		57,999
Total	$	125,353

Schedule of amounts contributed to the pension plan and the expected amount to be contributed

								Expected
								Contribution
(Dollars in Thousands)			2018			2019		2020(1)
Actual Contributions		$	23,000		$	5,000		$	5,000

Schedule of components of SERP's periodic benefit cost, the funded status of the plan, amounts recognized in the consolidated statements of financial condition, and major assumptions

(Dollars in Thousands)	2019			2018			2017
Change in Projected Benefit Obligation:
Benefit Obligation at Beginning of Year	$	8,860		$	7,285		$	5,741
Interest Cost		349			227			191
Actuarial Loss		1,035			1,348			1,353
Projected Benefit Obligation at End of Year	$	10,244		$	8,860		$	7,285
Funded Status of Plan and Accrued Liability Recognized at End of Year:
Other Liabilities	$	10,244		$	8,860		$	7,285
Accumulated Benefit Obligation at End of Year	$	8,778		$	7,557		$	6,485
Components of Net Periodic Benefit Costs:
Interest Cost		349			227			191
Net Loss Amortization		761			1,626			597
Net Periodic Benefit Cost	$	1,110		$	1,853		$	788
Weighted-Average Assumptions Used to Determine Benefit Obligation:
Discount Rate		3.16%			4.23%			3.53%
Rate of Compensation Increase(1)		4.00%			4.00%			3.25%
Measurement Date		12/31/19			12/31/18			12/31/17
Weighted-Average Assumptions Used to Determine Benefit Cost:
Discount Rate		4.23%			3.53%			3.92%
Rate of Compensation Increase(1)		3.50%			3.25%			3.25%
Amortization Amounts from Accumulated Other Comprehensive Income:
Net Actuarial Loss	$	1,035		$	1,348		$	1,353
Net Loss		(761)			(1,626)			(597)
Deferred Tax (Benefit) Expense		(70)			71			(77)
Other Comprehensive Loss (Gain), net of tax	$	204		$	(207)		$	679
Amounts Recognized in Accumulated Other Comprehensive Income:
Net Actuarial Loss	$	1,622		$	1,348		$	1,626
Deferred Tax Benefit		(411)			(341)			(412)
Accumulated Other Comprehensive Loss, net of tax	$	1,211		$	1,007		$	1,214
(1) Effective 12/31/2018, the Company utilized an age-graded approach that varies the rate based on the age of the participants.

Schedule of expected benefit payments related to the SERP

(Dollars in Thousands)		2019
2020		$	4,059
2021			2,618
2022			2,478
2023			1,419
2024			211
2025 through 2029			-
Total		$	10,785

X

- Definition

Tabular disclosure of defined benefit pension plans and other defined benefit postretirement plans, including the components of pension expense, the funded status of the plan, amounts recognized in the entity consolidated statements of financial condition, and major assumptions,change in fair value of plan assets for defined benefit or other postretirement plans

+ References

No definition available.

+ Details

Name:	ccbg_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlock
Namespace Prefix:	ccbg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of amounts actually contributed and expected contribution to the pension plan .

+ References

No definition available.

+ Details

Name:	ccbg_ScheduleOfActualAndExpectedContributionTableTextBlock
Namespace Prefix:	ccbg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by supplemental executive retirement plan in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

No definition available.

+ Details

Name:	ccbg_ScheduleOfExpectedBenefitPaymentsToSERPTableTextBlock
Namespace Prefix:	ccbg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the fair value of defined benefit plan assets by the level within the fair value hierarchy in which the fair value measurements fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), Significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

No definition available.

+ Details

Name:	ccbg_ScheduleOfFairValueOfPlanAssetsByMeasurementLevelsTableTextBlock
Namespace Prefix:	ccbg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of Supplemental Executive Retirement Plan, including the periodic benefit cost, the funded status of the plan, amounts recognized in the entity consolidated statements of financial condition, and major assumptions.

+ References

No definition available.

+ Details

Name:	ccbg_ScheduleOfSupplementalExecutiveRetirementPlanTableTextBlock
Namespace Prefix:	ccbg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(5)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration