<SEC-DOCUMENT>0000726601-21-000017.txt : 20210625
<SEC-HEADER>0000726601-21-000017.hdr.sgml : 20210625
<ACCEPTANCE-DATETIME>20210625154359
ACCESSION NUMBER:		0000726601-21-000017
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201231
FILED AS OF DATE:		20210625
DATE AS OF CHANGE:		20210625

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:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13358
		FILM NUMBER:		211047509

	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>11-K
<SEQUENCE>1
<FILENAME>ccbg401k.htm
<DESCRIPTION>FORM 11-K
<TEXT>
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<div id="a0" style="position:absolute;font-family:Calibri;left:96.032px;top:95.9px;">&#160;</div><div id="a1" style="position:absolute;font-size:16px;font-weight:bold;left:344.227px;top:130.1px;">UNITED STATES</div><div id="a4" style="position:absolute;font-size:13.28px;left:471.933px;top:132.6px;">&#160;</div><div id="a5" style="position:absolute;font-size:16px;font-weight:bold;left:235.707px;top:148.5px;">SECURITIES AND EXCHANGE COMMISSION</div><div id="a12" style="position:absolute;font-size:13.28px;left:580.253px;top:151px;">&#160;</div><div id="a13" style="position:absolute;font-size:16px;font-weight:bold;left:307.587px;top:166.9px;">WASHINGTON,<div style="display:inline-block;width:6.03px">&#160;</div>D.C.<div style="display:inline-block;width:8.09px">&#160;</div>20549</div><div id="a18" style="position:absolute;font-size:13.28px;left:508.573px;top:169.4px;">&#160;</div><div id="a19" style="position:absolute;font-size:13.28px;left:406.307px;top:185px;"><div 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style="position:absolute;font-size:16px;font-weight:bold;left:221.467px;top:273.6px;">ANNUAL REPORT PURSUANT TO SECTION 15(d) </div><div id="a48" style="position:absolute;font-size:13.28px;left:598.493px;top:276.1px;">&#160;</div><div id="a49" style="position:absolute;font-size:16px;font-weight:bold;left:229.307px;top:292px;">OF THE SECURITIES EXCHANGE ACT OF 1934 </div><div id="a63" style="position:absolute;font-size:13.28px;left:314.627px;top:310.2px;">____________________________ </div><div id="a65" style="position:absolute;font-size:13.28px;left:96.032px;top:325.5px;"><div style="display:inline-block;width:3.36px">&#160;</div></div><div id="a67" style="position:absolute;font-size:1.28px;left:407.907px;top:340.9px;"><div style="display:inline-block;width:0.32px">&#160;</div></div><div id="a69" style="position:absolute;font-size:13.28px;left:96.032px;top:346.4px;"><div style="display:inline-block;width:3.36px">&#160;</div></div><div id="a71" 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<div id="a348" style="position:absolute;font-weight:bold;left:312.067px;top:96.2px;">REQUIRED INFORMATION</div><div id="a351" style="position:absolute;left:503.933px;top:96.2px;">&#160;</div><div id="a352" style="position:absolute;font-size:13.28px;font-weight:bold;left:406.307px;top:113px;">&#160;</div><div id="a353" style="position:absolute;font-size:13.28px;left:409.667px;top:113px;">&#160;</div><div id="a354" style="position:absolute;left:144.027px;top:128px;">The following financial statements shall be furnished for the plan: </div><div id="a374" style="position:absolute;font-weight:bold;left:96.032px;top:145.3px;">&#160;</div><div id="a375" style="position:absolute;left:99.712px;top:145.3px;">&#160;</div><div id="a376" style="position:absolute;left:144.027px;top:161.8px;">The Capital City Bank Group, Inc. 401(k) Plan (&#8220;Plan&#8221;) is subject to the Employee<div style="display:inline-block;width:2.05px">&#160;</div>Retirement </div><div id="a406" style="position:absolute;left:96.032px;top:178.6px;">Income Security Act of 1974 (&#8220;ERISA&#8221;).<div style="display:inline-block;width:6.45px">&#160;</div>Therefore, in lieu of the requirements of items 1-3<div style="display:inline-block;width:2.44px">&#160;</div>of Form 11-</div><div id="a445" style="position:absolute;left:96.032px;top:195.6px;">K, the financial statements and schedule of the Plan for the two years<div style="display:inline-block;width:2.25px">&#160;</div>ended December 31, 2020 and 2019 </div><div id="a483" style="position:absolute;left:96.032px;top:212.4px;">have been prepared in accordance with the financial reporting requirements<div style="display:inline-block;width:2.31px">&#160;</div>of ERISA. </div></div>
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<div id="a507" style="position:absolute;font-size:18.72px;left:198.107px;top:95.9px;">F</div><div id="a508" style="position:absolute;left:208.507px;top:99.5px;">INANCIAL </div><div id="a510" style="position:absolute;font-size:18.72px;left:282.947px;top:95.9px;">S</div><div id="a511" style="position:absolute;left:293.347px;top:99.5px;">TATEMENTS<div style="display:inline-block;width:6.36px">&#160;</div>AND</div><div id="a514" style="position:absolute;font-size:18.72px;left:416.067px;top:95.9px;">&#160;</div><div id="a515" style="position:absolute;font-size:18.72px;left:198.107px;top:117.3px;">S</div><div id="a516" style="position:absolute;left:208.507px;top:121px;">UPPLEMENTAL </div><div id="a518" style="position:absolute;font-size:18.72px;left:318.307px;top:117.3px;">S</div><div id="a519" style="position:absolute;left:328.707px;top:121px;">CHEDULE</div><div id="a520" style="position:absolute;font-size:18.72px;left:396.867px;top:117.3px;">&#160;</div><div id="a521" style="position:absolute;font-size:16px;left:198.107px;top:138.7px;">&#160;</div><div id="a522" style="position:absolute;font-size:16px;left:198.107px;top:157.1px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a536" style="position:absolute;font-size:16px;left:198.107px;top:175.5px;">December 31, 2020 and 2019 </div><div id="a546" style="position:absolute;font-size:16px;left:198.107px;top:193.9px;">and Year<div style="display:inline-block;width:5.49px">&#160;</div>Ended December 31, 2020 </div><div id="a558" style="position:absolute;font-size:16px;left:198.107px;top:212.3px;">With Report of Independent Registered Public Accounting Firm</div></div>
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<div id="a573" style="position:absolute;font-size:18.72px;left:249.307px;top:95.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a587" style="position:absolute;font-size:18.72px;left:223.867px;top:125.3px;">Financial Statements and Supplemental Schedule </div><div id="a597" style="position:absolute;font-size:16px;left:195.227px;top:154.7px;">December 31, 2020 and 2019 and Year<div style="display:inline-block;width:5.46px">&#160;</div>Ended December 31, 2020 </div><div id="a619" style="position:absolute;font-size:18.72px;font-weight:bold;left:372.227px;top:213.5px;">Contents </div><div id="a621" style="position:absolute;font-size:16px;left:96.032px;top:258.5px;">Report of Independent Registered Public Accounting Firm ............................................................1 </div><div id="a639" style="position:absolute;font-size:16px;left:96.032px;top:295.7px;">Financial Statements </div><div id="a643" style="position:absolute;font-size:16px;left:96.032px;top:332.8px;">Statements of Net Assets Available for Benefits .............................................................................3 </div><div id="a662" style="position:absolute;font-size:16px;left:96.032px;top:351.2px;">Statement of Changes in Net Assets Available for Benefits ............................................................4 </div><div id="a684" style="position:absolute;font-size:16px;left:96.032px;top:369.6px;">Notes to Financial Statements ..........................................................................................................5 </div><div id="a698" style="position:absolute;font-size:16px;left:96.032px;top:388px;">&#160;</div><div id="a699" style="position:absolute;font-size:16px;left:96.032px;top:406.4px;">Supplemental Schedule </div><div id="a703" style="position:absolute;font-size:16px;left:96.032px;top:443.4px;">Schedule H, Line 4i &#8211; Schedule of Assets (Held at End of Year)<div style="display:inline-block;width:4.38px">&#160;</div>.................................................13 </div></div>
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<div id="a733" style="position:absolute;font-family:Calibri;left:96.032px;top:34.6px;">&#160;</div><div id="a734" style="position:absolute;left:712.773px;top:991.2px;">1</div><div id="a735" style="position:absolute;font-family:Calibri;left:720.133px;top:990.6px;">&#160;</div><div id="a736" style="position:absolute;font-size:13.28px;font-weight:bold;left:96.032px;top:51.2px;">&#160;</div><div id="a737" style="position:absolute;font-family:Calibri;font-size:13.28px;font-weight:bold;left:96.032px;top:67.4px;">&#160;</div><div id="a738" style="position:absolute;font-size:18.72px;left:408.067px;top:83.4px;">&#160;</div><div id="a739" style="position:absolute;font-size:18.72px;left:408.067px;top:105px;">&#160;</div><div id="a740" style="position:absolute;font-size:18.72px;left:408.067px;top:126.5px;">&#160;</div><div id="a741" style="position:absolute;font-size:18.72px;left:408.067px;top:147.9px;">&#160;</div><div id="a742" 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The Plan is not required to have, nor were we </div><div id="a1306" style="position:absolute;left:96.032px;top:627.1px;">engaged to perform, an<div style="display:inline-block;width:6.53px">&#160;</div>audit of its<div style="display:inline-block;width:6.16px">&#160;</div>internal control over financial<div style="display:inline-block;width:6.58px">&#160;</div>reporting. 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<div id="a1594" style="position:absolute;font-family:Calibri;left:96.032px;top:34.6px;">&#160;</div><div id="a1595" style="position:absolute;left:712.773px;top:991.2px;">2</div><div id="a1596" style="position:absolute;font-family:Calibri;left:720.133px;top:990.6px;">&#160;</div><div id="a1597" style="position:absolute;font-weight:bold;left:96.032px;top:49.1px;">Supplemental Schedule </div><div id="a1601" style="position:absolute;left:96.032px;top:81.6px;">The accompanying supplemental<div style="display:inline-block;width:7.03px">&#160;</div>schedule of assets<div style="display:inline-block;width:7.34px">&#160;</div>(held at end<div style="display:inline-block;width:7.51px">&#160;</div>of year) as<div style="display:inline-block;width:7.33px">&#160;</div>of December 31,<div style="display:inline-block;width:7.26px">&#160;</div>2020, has </div><div id="a1638" style="position:absolute;left:96.032px;top:98.6px;">been  subjected to<div style="display:inline-block;width:10.78px">&#160;</div>audit  procedures  performed  in  conjunction  with the<div style="display:inline-block;width:9.83px">&#160;</div>audit  of  the  Plan&#8217;s financial </div><div id="a1669" style="position:absolute;left:96.032px;top:115.4px;">statements. 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<div id="a1955" style="position:absolute;font-size:16px;left:96.032px;top:34px;">&#160;</div><div id="a1956" style="position:absolute;left:712.773px;top:991.2px;">3 </div><div id="a1958" style="position:absolute;font-size:18.72px;left:247.707px;top:95.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a1962" style="position:absolute;font-size:18.72px;left:227.387px;top:130.9px;">Statements of Net Assets Available for Benefits </div><div id="a1978" style="position:absolute;font-weight:bold;left:563.133px;top:186.3px;">December 31, </div><div id="a1984" style="position:absolute;font-weight:bold;left:527.773px;top:218.9px;">2020 </div><div id="a1988" style="position:absolute;font-weight:bold;left:654.853px;top:218.9px;">2019 </div><div id="a1990" style="position:absolute;font-weight:bold;left:96.032px;top:252.4px;">Assets </div><div id="a1997" style="position:absolute;left:96.032px;top:269.3px;">Investments at fair value </div><div id="a1999" style="position:absolute;font-weight:bold;left:482.333px;top:269.6px;">$ </div><div id="a2001" style="position:absolute;font-weight:bold;left:518.653px;top:269.6px;">43,700,762 </div><div id="a2004" style="position:absolute;font-weight:bold;left:609.373px;top:269.6px;">$ </div><div id="a2006" style="position:absolute;left:645.733px;top:269.3px;">39,420,736 </div><div id="a2014" style="position:absolute;left:96.032px;top:306px;">Total assets </div><div id="a2017" style="position:absolute;font-weight:bold;left:518.653px;top:306.3px;">43,700,762 </div><div id="a2021" style="position:absolute;left:645.733px;top:306px;">39,420,736 </div><div id="a2029" style="position:absolute;left:96.032px;top:342px;">Net assets available for benefits </div><div id="a2032" style="position:absolute;font-weight:bold;left:482.333px;top:342.3px;">$ </div><div id="a2034" style="position:absolute;font-weight:bold;left:518.653px;top:342.3px;">43,700,762 </div><div id="a2037" style="position:absolute;left:609.373px;top:342px;">$ </div><div id="a2039" style="position:absolute;left:645.733px;top:342px;">39,420,736 </div><div id="a2047" style="position:absolute;font-style:italic;left:96.032px;top:377.4px;">See accompanying notes. </div><div id="a2054" style="position:absolute;font-family:Calibri;left:96.032px;top:396px;">&#160;</div><div id="a2055" style="position:absolute;font-size:16px;left:99.392px;top:395.4px;">&#160;</div></div>
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<div id="a2217" style="position:absolute;font-size:16px;left:96.032px;top:34px;">&#160;</div><div id="a2218" style="position:absolute;left:712.773px;top:991.2px;">5 </div><div id="a2220" style="position:absolute;font-size:18.72px;left:249.307px;top:95.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a2234" style="position:absolute;font-size:18.72px;left:296.227px;top:125.3px;">Notes to Financial Statements </div><div id="a2242" style="position:absolute;font-size:16px;left:345.187px;top:154.9px;">December 31, 2020 </div><div id="a2248" style="position:absolute;font-weight:bold;left:96.032px;top:210.9px;">1. 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<div id="a2890" style="position:absolute;font-size:16px;left:96.032px;top:34px;">&#160;</div><div id="a2891" style="position:absolute;left:712.773px;top:991.2px;">6 </div><div id="a2893" style="position:absolute;font-weight:bold;left:96.032px;top:96.2px;">1. 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</div><div id="a3745" style="position:absolute;left:96.032px;top:686.2px;">&#160;</div><div id="a3746" style="position:absolute;font-weight:bold;left:96.032px;top:703.5px;">Vesting </div><div id="a3748" style="position:absolute;left:96.032px;top:719.9px;">&#160;</div><div id="a3749" style="position:absolute;left:96.032px;top:736.7px;">Participants are<div style="display:inline-block;width:7.26px">&#160;</div>immediately vested<div style="display:inline-block;width:7.22px">&#160;</div>in their<div style="display:inline-block;width:7.5px">&#160;</div>contributions plus<div style="display:inline-block;width:7.22px">&#160;</div>actual earnings<div style="display:inline-block;width:7.15px">&#160;</div>thereon.<div style="display:inline-block;width:11.06px">&#160;</div>Vesting<div style="display:inline-block;width:7.04px">&#160;</div>in the </div><div id="a3777" style="position:absolute;left:96.032px;top:753.7px;">Company&#8217;s matching<div style="display:inline-block;width:6.32px">&#160;</div>portion of their<div style="display:inline-block;width:6.56px">&#160;</div>accounts (including the<div style="display:inline-block;width:6.36px">&#160;</div>3% non-elective contributions)<div style="display:inline-block;width:6.33px">&#160;</div>plus actual </div><div id="a3806" style="position:absolute;left:96.032px;top:770.5px;">earnings thereon is<div style="display:inline-block;width:7.38px">&#160;</div>based on years<div style="display:inline-block;width:7.47px">&#160;</div>of credited service.<div style="display:inline-block;width:12.26px">&#160;</div>A participant<div style="display:inline-block;width:6.3px">&#160;</div>is 100% vested<div style="display:inline-block;width:7.35px">&#160;</div>in the Company&#8217;s </div><div id="a3840" style="position:absolute;left:96.032px;top:787.5px;">matching, 3%<div style="display:inline-block;width:7.68px">&#160;</div>non-elective and<div 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<div id="a3948" style="position:absolute;font-size:18.72px;left:249.307px;top:47.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a3962" style="position:absolute;font-size:18.72px;left:250.907px;top:77.3px;">Notes to Financial Statements (continued) </div><div id="a3972" style="position:absolute;font-size:17.28px;font-weight:bold;color:#4F81BD;left:96.032px;top:112.6px;">&#160;</div><div id="a3973" style="position:absolute;left:712.773px;top:991.2px;">7</div><div id="a3974" style="position:absolute;font-family:Calibri;left:720.133px;top:990.6px;">&#160;</div><div id="a3975" style="position:absolute;font-weight:bold;left:96.032px;top:135.4px;">1.<div style="display:inline-block;width:11.04px">&#160;</div>Description of Plan (continued) </div><div id="a3985" style="position:absolute;font-weight:bold;left:96.032px;top:152.2px;">&#160;</div><div id="a3986" style="position:absolute;font-weight:bold;left:96.032px;top:169.2px;">Forfeitures </div><div id="a3988" style="position:absolute;left:96.032px;top:185.6px;">&#160;</div><div id="a3989" style="position:absolute;left:96.032px;top:202.6px;">Forfeitures  are  used  to reduce<div style="display:inline-block;width:10.67px">&#160;</div>the  employer  contributions  and/or  pay  Plan administrative<div style="display:inline-block;width:9.91px">&#160;</div>expenses. </div><div id="a4015" style="position:absolute;left:96.032px;top:219.4px;">Unallocated  forfeited  balances  as  of  December 31,  2020  and  2019  were  approximately  $1,300  and </div><div id="a4043" style="position:absolute;left:96.032px;top:236.2px;">$11,200 respectively.<div style="display:inline-block;width:8.47px">&#160;</div>The Company<div style="display:inline-block;width:7.07px">&#160;</div>did not<div style="display:inline-block;width:7.66px">&#160;</div>use forfeitures<div style="display:inline-block;width:7.24px">&#160;</div>to reduce<div style="display:inline-block;width:7.41px">&#160;</div>Company contributions<div style="display:inline-block;width:6.84px">&#160;</div>for 2020 </div><div id="a4072" style="position:absolute;left:96.032px;top:253.2px;">and 2019. </div><div id="a4076" style="position:absolute;font-weight:bold;left:96.032px;top:270.3px;">&#160;</div><div id="a4077" style="position:absolute;font-weight:bold;left:96.032px;top:287.2px;">Payment of Benefits </div><div id="a4083" style="position:absolute;left:96.032px;top:303.7px;">&#160;</div><div id="a4084" style="position:absolute;left:96.032px;top:320.5px;">Upon termination<div style="display:inline-block;width:7.59px">&#160;</div>of service<div style="display:inline-block;width:7.5px">&#160;</div>due to<div style="display:inline-block;width:7.62px">&#160;</div>death, disability,<div style="display:inline-block;width:8.37px">&#160;</div>retirement or<div style="display:inline-block;width:7.58px">&#160;</div>other reason,<div style="display:inline-block;width:7.5px">&#160;</div>a participant<div style="display:inline-block;width:7.49px">&#160;</div>(or their </div><div id="a4116" style="position:absolute;left:96.032px;top:337.5px;">beneficiary in the event of death) will, upon request, receive<div style="display:inline-block;width:5.32px">&#160;</div>a lump-sum amount equal to the value of the </div><div id="a4156" style="position:absolute;left:96.032px;top:354.3px;">vested interest<div style="display:inline-block;width:6.75px">&#160;</div>in his<div style="display:inline-block;width:6.89px">&#160;</div>or her<div style="display:inline-block;width:6.9px">&#160;</div>account. Part<div style="display:inline-block;width:1.4px">&#160;</div>icipants may also<div style="display:inline-block;width:8.2px">&#160;</div>receive a<div style="display:inline-block;width:6.82px">&#160;</div>distribution while<div style="display:inline-block;width:6.78px">&#160;</div>in service<div style="display:inline-block;width:6.71px">&#160;</div>upon </div><div id="a4191" style="position:absolute;left:96.032px;top:371.3px;">demonstration of financial<div style="display:inline-block;width:7.23px">&#160;</div>hardship or reaching<div style="display:inline-block;width:7.49px">&#160;</div>age 59 &#189;.<div style="display:inline-block;width:12.72px">&#160;</div>Participants that are<div style="display:inline-block;width:7.26px">&#160;</div>qualified reservists and </div><div id="a4221" style="position:absolute;left:96.032px;top:388.1px;">are called upon for active duty for more than 179 days or an indefinite<div style="display:inline-block;width:2.31px">&#160;</div>period may receive a distribution. </div><div id="a4260" style="position:absolute;font-weight:bold;left:96.032px;top:405.2px;">&#160;</div><div id="a4261" style="position:absolute;font-weight:bold;left:96.032px;top:422.2px;">Administrative Expenses </div><div id="a4265" style="position:absolute;left:96.032px;top:438.6px;">&#160;</div><div id="a4266" style="position:absolute;left:96.032px;top:455.6px;">The Plan&#8217;s<div style="display:inline-block;width:6.41px">&#160;</div>administrative expenses were<div style="display:inline-block;width:6.05px">&#160;</div>paid, pro rata,<div style="display:inline-block;width:6.58px">&#160;</div>by participants.<div style="display:inline-block;width:10.08px">&#160;</div>Forfeiture monies were<div style="display:inline-block;width:6.34px">&#160;</div>used to </div><div id="a4296" style="position:absolute;left:96.032px;top:472.4px;">offset participant expenses.<div style="display:inline-block;width:10.39px">&#160;</div>Expenses relating to<div style="display:inline-block;width:5.92px">&#160;</div>purchases, sales, transfers or<div style="display:inline-block;width:6.41px">&#160;</div>distributions of the<div style="display:inline-block;width:5.91px">&#160;</div>Plan&#8217;s </div><div id="a4324" style="position:absolute;left:96.032px;top:489.2px;">investments are charged to the particular investment fund and/or participant to which<div style="display:inline-block;width:2.26px">&#160;</div>the expense relates. </div><div id="a4355" style="position:absolute;font-weight:bold;left:96.032px;top:525.2px;">Plan Termination </div><div id="a4359" style="position:absolute;left:96.032px;top:541.7px;">&#160;</div><div id="a4360" style="position:absolute;left:96.032px;top:558.5px;">Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue </div><div id="a4400" style="position:absolute;left:96.032px;top:575.5px;">its  contributions  at  any  time  and  to  terminate  the  Plan  subject<div style="display:inline-block;width:8.88px">&#160;</div>to  the  provisions  of  the  Employee </div><div id="a4434" style="position:absolute;left:96.032px;top:592.3px;">Retirement  Income  Security  Act  of  1974,  as  amended  (ERISA).  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<div id="a4491" style="position:absolute;font-size:18.72px;left:249.307px;top:47.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a4505" style="position:absolute;font-size:18.72px;left:250.907px;top:77.3px;">Notes to Financial Statements (continued) </div><div id="a4515" style="position:absolute;font-size:17.28px;font-weight:bold;color:#4F81BD;left:96.032px;top:112.6px;">&#160;</div><div id="a4516" style="position:absolute;left:712.773px;top:991.2px;">8</div><div id="a4517" style="position:absolute;font-family:Calibri;left:720.133px;top:990.6px;">&#160;</div><div id="a4518" style="position:absolute;font-weight:bold;left:96.032px;top:135.4px;">2. 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Actual<div style="display:inline-block;width:7.34px">&#160;</div>results could<div style="display:inline-block;width:7.59px">&#160;</div>differ from<div style="display:inline-block;width:7.44px">&#160;</div>those </div><div id="a4691" style="position:absolute;left:96.032px;top:404.9px;">estimates. </div><div id="a4693" style="position:absolute;font-weight:bold;left:96.032px;top:422.2px;">&#160;</div><div id="a4694" style="position:absolute;font-weight:bold;left:96.032px;top:439px;">Investment Valuation and Income Recognition </div><div id="a4704" style="position:absolute;left:96.032px;top:455.6px;">&#160;</div><div id="a4705" style="position:absolute;left:96.032px;top:472.4px;">Investments held<div style="display:inline-block;width:7.68px">&#160;</div>by the<div style="display:inline-block;width:7.78px">&#160;</div>Plan are<div style="display:inline-block;width:7.7px">&#160;</div>stated at<div style="display:inline-block;width:7.68px">&#160;</div>fair value.<div style="display:inline-block;width:7.54px">&#160;</div>Fair value<div style="display:inline-block;width:7.77px">&#160;</div>is defined<div style="display:inline-block;width:7.64px">&#160;</div>as the<div style="display:inline-block;width:7.67px">&#160;</div>price that<div style="display:inline-block;width:7.71px">&#160;</div>would be </div><div id="a4745" style="position:absolute;left:96.032px;top:489.2px;">received to sell an asset or paid to transfer a liability in an orderly transaction between market participants </div><div id="a4781" style="position:absolute;left:96.032px;top:506.2px;">at the measurement<div style="display:inline-block;width:6.84px">&#160;</div>date (an exit<div style="display:inline-block;width:7.1px">&#160;</div>price). 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Net<div style="display:inline-block;width:6.24px">&#160;</div>appreciation/(depreciation) include the Plan&#8217;s<div style="display:inline-block;width:7.32px">&#160;</div>gains </div><div id="a4888" style="position:absolute;left:96.032px;top:590.5px;">and losses on investments bought and sold as well as held during the year. </div><div id="a4916" style="position:absolute;left:96.032px;top:607.3px;">&#160;</div><div id="a4917" style="position:absolute;font-weight:bold;left:96.032px;top:624.6px;">Recent Accounting Pronouncements</div><div id="a4922" style="position:absolute;font-family:Calibri;font-weight:bold;left:323.427px;top:624px;">&#160;</div><div id="a4923" style="position:absolute;font-family:Calibri;left:96.032px;top:641px;">&#160;</div><div id="a4924" style="position:absolute;left:96.032px;top:659px;">The Financial Accounting Standards<div style="display:inline-block;width:6.01px">&#160;</div>Board issued Accounting Standards Update<div style="display:inline-block;width:6.31px">&#160;</div>(&#8220;ASU&#8221;) 2018-13, </div><div id="a4948" style="position:absolute;font-style:italic;left:694.053px;top:659px;">Fair </div><div id="a4950" style="position:absolute;font-style:italic;left:96.032px;top:675.8px;">Value<div style="display:inline-block;width:6.49px">&#160;</div>Measurement (Topic<div style="display:inline-block;width:7.51px">&#160;</div>820): Disclosure<div style="display:inline-block;width:6.32px">&#160;</div>Framework &#8211; Changes<div style="display:inline-block;width:6.86px">&#160;</div>to the Disclosure<div style="display:inline-block;width:7.49px">&#160;</div>Requirements for </div><div id="a4976" style="position:absolute;font-style:italic;left:96.032px;top:692.7px;">Fair Value<div style="display:inline-block;width:5.61px">&#160;</div>Measurement</div><div id="a4981" style="position:absolute;left:244.027px;top:692.7px;">.<div style="display:inline-block;width:7.68px">&#160;</div>The amendments in this ASU modify the disclosure requirements on fair value </div><div id="a5007" style="position:absolute;left:96.032px;top:709.5px;">measurements in<div style="display:inline-block;width:7.23px">&#160;</div>Topic 820,<div style="display:inline-block;width:8.29px">&#160;</div>including the<div style="display:inline-block;width:7.37px">&#160;</div>removal, modification<div style="display:inline-block;width:7.11px">&#160;</div>to, and<div style="display:inline-block;width:7.46px">&#160;</div>addition of<div style="display:inline-block;width:7.34px">&#160;</div>certain disclosure </div><div id="a5035" style="position:absolute;left:96.032px;top:726.5px;">requirements.<div style="display:inline-block;width:8.92px">&#160;</div>The updated guidance<div style="display:inline-block;width:6.35px">&#160;</div>was adopted for<div style="display:inline-block;width:5.99px">&#160;</div>2020 and did<div style="display:inline-block;width:6.34px">&#160;</div>not have a<div style="display:inline-block;width:6.39px">&#160;</div>significant impact on<div style="display:inline-block;width:5.97px">&#160;</div>the </div><div id="a5069" style="position:absolute;left:96.032px;top:743.3px;">Plan&#8217;s fair value disclosures.</div><div id="a5076" style="position:absolute;font-family:Calibri;left:264.667px;top:742.7px;">&#160;</div><div id="a5077" style="position:absolute;font-family:Calibri;left:96.032px;top:760px;">&#160;</div><div id="a5078" style="position:absolute;left:96.032px;top:778.5px;">&#160;</div><div id="a5079" style="position:absolute;font-family:Calibri;font-weight:bold;left:288.067px;top:777.9px;">&#160;</div></div>
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<div id="a5080" style="position:absolute;font-size:18.72px;left:249.307px;top:47.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a5094" style="position:absolute;font-size:18.72px;left:250.907px;top:77.3px;">Notes to Financial Statements (continued) </div><div id="a5104" style="position:absolute;font-size:17.28px;font-weight:bold;color:#4F81BD;left:96.032px;top:112.6px;">&#160;</div><div id="a5105" style="position:absolute;left:712.773px;top:991.2px;">9</div><div id="a5106" style="position:absolute;font-family:Calibri;left:720.133px;top:990.6px;">&#160;</div><div id="a5107" style="position:absolute;font-weight:bold;left:96.032px;top:135.4px;">3. Fair Value Measurements </div><div id="a5115" style="position:absolute;left:96.032px;top:151.9px;">&#160;</div><div id="a5116" style="position:absolute;left:96.032px;top:168.8px;">Fair value is defined as the price<div style="display:inline-block;width:5.51px">&#160;</div>that would be received to sell an<div style="display:inline-block;width:5.39px">&#160;</div>asset or paid to transfer a liability in<div style="display:inline-block;width:5.61px">&#160;</div>an </div><div id="a5162" style="position:absolute;left:96.032px;top:185.6px;">orderly transaction<div style="display:inline-block;width:7.95px">&#160;</div>between market<div style="display:inline-block;width:7.73px">&#160;</div>participants on<div style="display:inline-block;width:7.97px">&#160;</div>the measurement<div style="display:inline-block;width:7.86px">&#160;</div>date (i.e.,<div style="display:inline-block;width:5.72px">&#160;</div>an exit<div style="display:inline-block;width:8.19px">&#160;</div>price). The<div style="display:inline-block;width:7.91px">&#160;</div>fair </div><div id="a5192" style="position:absolute;left:96.032px;top:202.6px;">value hierarchy<div style="display:inline-block;width:6.63px">&#160;</div>prioritizes the<div style="display:inline-block;width:6.5px">&#160;</div>inputs to<div style="display:inline-block;width:6.8px">&#160;</div>valuation techniques used<div style="display:inline-block;width:7.93px">&#160;</div>to measure<div style="display:inline-block;width:6.55px">&#160;</div>fair value.<div style="display:inline-block;width:6.58px">&#160;</div>The hierarchy </div><div id="a5222" style="position:absolute;left:96.032px;top:219.4px;">gives the highest<div style="display:inline-block;width:6.18px">&#160;</div>priority to unadjusted quoted<div style="display:inline-block;width:6.68px">&#160;</div>prices in active<div style="display:inline-block;width:6.1px">&#160;</div>markets for identical assets<div style="display:inline-block;width:6.58px">&#160;</div>and liabilities </div><div id="a5254" style="position:absolute;left:96.032px;top:236.2px;">(Level 1) and<div style="display:inline-block;width:9.03px">&#160;</div>the lowest<div style="display:inline-block;width:8.87px">&#160;</div>priority to<div style="display:inline-block;width:9.04px">&#160;</div>unobservable inputs<div style="display:inline-block;width:8.73px">&#160;</div>(Level 3). The<div style="display:inline-block;width:9px">&#160;</div>three levels<div style="display:inline-block;width:9.05px">&#160;</div>of the<div style="display:inline-block;width:9.15px">&#160;</div>fair value </div><div id="a5291" style="position:absolute;left:96.032px;top:253.2px;">hierarchy are described below: </div><div id="a5299" style="position:absolute;left:96.032px;top:270px;">&#160;</div><div id="a5300" style="position:absolute;left:120.032px;top:286.9px;">Level 1:      Unadjusted quoted<div style="display:inline-block;width:7.61px">&#160;</div>prices in active<div style="display:inline-block;width:7.7px">&#160;</div>markets that<div style="display:inline-block;width:6.53px">&#160;</div>are accessible to<div style="display:inline-block;width:7.72px">&#160;</div>the reporting entity<div style="display:inline-block;width:7.66px">&#160;</div>at </div><div id="a5332" style="position:absolute;left:120.032px;top:303.7px;">the measurement date for identical assets and liabilities. 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style="position:absolute;font-family:Arial;left:150.747px;top:441.5px;">&#160;</div><div id="a5484" style="position:absolute;left:168.027px;top:441.7px;">observable inputs<div style="display:inline-block;width:9.53px">&#160;</div>other than<div style="display:inline-block;width:9.53px">&#160;</div>quoted prices<div style="display:inline-block;width:9.43px">&#160;</div>that are<div style="display:inline-block;width:9.56px">&#160;</div>used in<div style="display:inline-block;width:9.73px">&#160;</div>the valuation<div style="display:inline-block;width:9.48px">&#160;</div>of the<div style="display:inline-block;width:9.6px">&#160;</div>asset or </div><div id="a5516" style="position:absolute;left:168.027px;top:458.6px;">liabilities (e.g., interest rate and yield curve quotes at commonly<div style="display:inline-block;width:2.12px">&#160;</div>quoted intervals) </div><div id="a5540" style="position:absolute;left:144.027px;top:476.6px;">&#9679;</div><div id="a5541" style="position:absolute;font-family:Arial;left:150.747px;top:476.4px;">&#160;</div><div id="a5542" style="position:absolute;left:168.027px;top:476.6px;">inputs that are derived principally or corroborated by observable market data<div style="display:inline-block;width:2.38px">&#160;</div>by correlation or </div><div id="a5570" style="position:absolute;left:168.027px;top:493.5px;">other means </div><div id="a5574" style="position:absolute;left:120.032px;top:510.3px;">&#160;</div><div id="a5575" style="position:absolute;left:120.032px;top:527.3px;">Level<div style="display:inline-block;width:3.61px">&#160;</div>3: Unobservable inputs<div style="display:inline-block;width:5.85px">&#160;</div>for the asset<div style="display:inline-block;width:6px">&#160;</div>or liability (i.e.,<div style="display:inline-block;width:5.01px">&#160;</div>supported by little<div style="display:inline-block;width:5.84px">&#160;</div>or no market activity). </div><div id="a5610" style="position:absolute;left:120.032px;top:544.1px;">Level 3 inputs include management&#8217;s<div style="display:inline-block;width:5.52px">&#160;</div>own assumption about the assumptions that market participants </div><div id="a5636" style="position:absolute;left:120.032px;top:560.9px;">would use in pricing the asset or liability (including assumptions about risk). </div><div id="a5660" style="position:absolute;left:96.032px;top:577.9px;">&#160;</div><div id="a5661" style="position:absolute;left:96.032px;top:594.7px;">The level in<div style="display:inline-block;width:6.18px">&#160;</div>the fair value<div style="display:inline-block;width:6.19px">&#160;</div>hierarchy within which<div style="display:inline-block;width:6.03px">&#160;</div>the fair value<div style="display:inline-block;width:6.22px">&#160;</div>measurement is classified is<div style="display:inline-block;width:6.78px">&#160;</div>determined </div><div id="a5695" style="position:absolute;left:96.032px;top:611.6px;">based upon the lowest level input that is significant to the fair value<div style="display:inline-block;width:2.32px">&#160;</div>measurement in its entirety. </div><div id="a5730" style="position:absolute;left:96.032px;top:628.4px;">&#160;</div><div id="a5731" style="position:absolute;left:96.032px;top:645.2px;">Following  is  a<div style="display:inline-block;width:10.32px">&#160;</div>description  of  the<div style="display:inline-block;width:10.31px">&#160;</div>valuation  techniques  and<div style="display:inline-block;width:9.98px">&#160;</div>inputs  used  for<div style="display:inline-block;width:10.27px">&#160;</div>each  general  type<div style="display:inline-block;width:10.34px">&#160;</div>of </div><div id="a5763" style="position:absolute;left:96.032px;top:662.2px;">investments measured at fair value by the Plan. </div><div id="a5779" style="position:absolute;left:96.032px;top:679px;">&#160;</div><div id="a5780" style="position:absolute;font-style:italic;left:96.032px;top:695.9px;">Company common stock</div><div id="a5785" style="position:absolute;left:240.187px;top:695.9px;">: Valued<div style="display:inline-block;width:5.91px">&#160;</div>at the closing price reported on the<div style="display:inline-block;width:5.55px">&#160;</div>active market on which the common </div><div id="a5815" style="position:absolute;left:96.032px;top:712.7px;">stock is traded. </div><div id="a5821" style="position:absolute;left:96.032px;top:729.5px;">&#160;</div><div id="a5822" style="position:absolute;font-style:italic;left:96.032px;top:746.5px;">Mutual funds</div><div id="a5825" style="position:absolute;left:174.107px;top:746.5px;">: Valued<div style="display:inline-block;width:5.43px">&#160;</div>at the daily closing price as reported by the fund. 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These funds are required to<div style="display:inline-block;width:5.41px">&#160;</div>publish their daily </div><div id="a5900" style="position:absolute;left:96.032px;top:780.3px;">net asset value<div style="display:inline-block;width:6.17px">&#160;</div>(NAV)<div style="display:inline-block;width:6.44px">&#160;</div>and to transact<div style="display:inline-block;width:6.05px">&#160;</div>at that price.<div style="display:inline-block;width:6.05px">&#160;</div>The mutual funds<div style="display:inline-block;width:6.24px">&#160;</div>held by the<div style="display:inline-block;width:6.11px">&#160;</div>Plan are deemed<div style="display:inline-block;width:6.09px">&#160;</div>to be </div><div id="a5942" style="position:absolute;left:96.032px;top:797.1px;">actively traded. </div><div id="a5946" style="position:absolute;font-family:Calibri;font-style:italic;left:96.032px;top:814px;">&#160;</div><div id="a5947" style="position:absolute;font-style:italic;left:96.032px;top:831.8px;">Collective trust funds:</div><div id="a5952" style="position:absolute;left:226.587px;top:831.8px;"><div style="display:inline-block;width:3.52px">&#160;</div>Valued<div style="display:inline-block;width:5.2px">&#160;</div>at the NAV<div style="display:inline-block;width:5.4px">&#160;</div>of units of a collective trust fund. The NAV,<div style="display:inline-block;width:6.65px">&#160;</div>as provided by the </div><div id="a5987" style="position:absolute;left:96.032px;top:848.8px;">trustee, is used<div style="display:inline-block;width:5.88px">&#160;</div>as a practical<div style="display:inline-block;width:5.9px">&#160;</div>expedient to estimate fair<div style="display:inline-block;width:6.34px">&#160;</div>value. The NAV<div style="display:inline-block;width:7.72px">&#160;</div>is based on the<div style="display:inline-block;width:6.52px">&#160;</div>fair value of<div style="display:inline-block;width:5.83px">&#160;</div>the </div><div id="a6030" style="position:absolute;left:96.032px;top:865.6px;">underlying investments held by the<div style="display:inline-block;width:6.14px">&#160;</div>fund less its liabilities.<div style="display:inline-block;width:5.61px">&#160;</div>This practical expedient is<div style="display:inline-block;width:5.73px">&#160;</div>not used when it<div style="display:inline-block;width:5.67px">&#160;</div>is </div><div id="a6066" style="position:absolute;left:96.032px;top:882.5px;">determined to be probable that<div style="display:inline-block;width:5.91px">&#160;</div>the fund will sell the<div style="display:inline-block;width:6.03px">&#160;</div>investment for an amount different<div style="display:inline-block;width:6.15px">&#160;</div>than the reported </div><div id="a6102" style="position:absolute;left:96.032px;top:899.3px;">NAV.<div style="display:inline-block;width:7.42px">&#160;</div>Participant transactions (purchased and sales) may occur daily.</div><div id="a6119" style="position:absolute;font-family:Calibri;left:504.253px;top:898.8px;">&#160;</div><div id="a6120" style="position:absolute;left:96.032px;top:916.1px;">&#160;</div></div>
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<div id="a6121" style="position:absolute;font-size:18.72px;left:249.307px;top:47.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a6135" style="position:absolute;font-size:18.72px;left:250.907px;top:77.3px;">Notes to Financial Statements (continued) </div><div id="a6145" style="position:absolute;font-size:17.28px;font-weight:bold;color:#4F81BD;left:96.032px;top:112.6px;">&#160;</div><div id="a6146" style="position:absolute;left:705.413px;top:991.2px;">10</div><div id="a6147" style="position:absolute;font-family:Calibri;left:720.133px;top:990.6px;">&#160;</div><div id="a6148" style="position:absolute;font-weight:bold;left:96.032px;top:135.4px;">3. 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style="position:absolute;font-weight:bold;left:351.427px;top:240.2px;">Level 1 </div><div id="a6218" style="position:absolute;font-weight:bold;left:452.893px;top:240.2px;">Level 2 </div><div id="a6223" style="position:absolute;font-weight:bold;left:550.973px;top:240.2px;">Level 3 </div><div id="a6228" style="position:absolute;font-weight:bold;left:658.373px;top:240.2px;">Total </div><div id="a6230" style="position:absolute;left:98.752px;top:257.8px;">Company common stock </div><div id="a6232" style="position:absolute;font-weight:bold;left:317.827px;top:258.1px;">$ </div><div id="a6234" style="position:absolute;font-weight:bold;left:352.707px;top:258.1px;">1,893,276 </div><div id="a6236" style="position:absolute;font-weight:bold;left:422.787px;top:258.1px;">$ </div><div id="a6238" style="position:absolute;font-weight:bold;left:504.413px;top:258.1px;">- </div><div id="a6240" style="position:absolute;font-weight:bold;left:520.893px;top:258.1px;">$ </div><div id="a6242" style="position:absolute;font-weight:bold;left:602.493px;top:258.1px;">- </div><div id="a6244" style="position:absolute;font-weight:bold;left:618.813px;top:258.1px;">$ </div><div id="a6246" style="position:absolute;font-weight:bold;left:653.733px;top:258.1px;">1,893,276 </div><div id="a6248" style="position:absolute;left:98.752px;top:274.6px;">Mutual funds </div><div id="a6251" style="position:absolute;font-weight:bold;left:352.707px;top:274.9px;">8,748,324 </div><div id="a6254" style="position:absolute;left:504.413px;top:274.6px;">- </div><div id="a6257" style="position:absolute;left:602.493px;top:274.6px;">- </div><div id="a6260" style="position:absolute;font-weight:bold;left:653.733px;top:274.9px;">8,748,324 </div><div id="a6262" style="position:absolute;left:98.752px;top:292.5px;">Collective investment trusts</div><div id="a6263" style="position:absolute;font-size:9.28px;left:262.587px;top:292.2px;">(a)</div><div id="a6266" style="position:absolute;font-weight:bold;left:406.467px;top:292.8px;">- </div><div id="a6269" style="position:absolute;left:504.413px;top:292.5px;">- </div><div id="a6272" style="position:absolute;left:602.493px;top:292.5px;">- </div><div id="a6275" style="position:absolute;font-weight:bold;left:646.373px;top:292.8px;">33,059,162 </div><div id="a6278" style="position:absolute;font-weight:bold;left:317.827px;top:311.6px;">$ </div><div id="a6280" style="position:absolute;font-weight:bold;left:345.347px;top:311.6px;">10,641,600 </div><div id="a6283" style="position:absolute;font-weight:bold;left:422.787px;top:311.6px;">$ </div><div id="a6285" style="position:absolute;font-weight:bold;left:504.413px;top:311.6px;">- </div><div id="a6287" style="position:absolute;font-weight:bold;left:520.893px;top:311.6px;">$ </div><div id="a6289" style="position:absolute;font-weight:bold;left:602.493px;top:311.6px;">- </div><div id="a6291" style="position:absolute;font-weight:bold;left:618.813px;top:311.6px;">$ </div><div id="a6293" style="position:absolute;font-weight:bold;left:646.373px;top:311.6px;">43,700,762 </div><div id="a6295" style="position:absolute;font-family:Calibri;left:96.032px;top:332.1px;">&#160;</div><div id="a6296" style="position:absolute;font-size:16px;left:99.392px;top:331.5px;">&#160;</div><div id="a6297" style="position:absolute;left:96.032px;top:350px;">&#160;</div><div id="a6300" style="position:absolute;font-weight:bold;left:408.707px;top:367.1px;">December 31, 2019 </div><div id="a6308" style="position:absolute;font-weight:bold;left:347.427px;top:386.5px;">Level 1 </div><div id="a6313" style="position:absolute;font-weight:bold;left:448.893px;top:386.5px;">Level 2 </div><div id="a6318" style="position:absolute;font-weight:bold;left:546.973px;top:386.5px;">Level 3 </div><div id="a6323" style="position:absolute;font-weight:bold;left:654.373px;top:386.5px;">Total </div><div id="a6325" style="position:absolute;left:98.752px;top:404.2px;">Company common stock </div><div id="a6327" style="position:absolute;left:313.827px;top:404.2px;">$ </div><div id="a6329" style="position:absolute;left:348.707px;top:404.2px;">1,796,534 </div><div id="a6331" style="position:absolute;left:418.787px;top:404.2px;">$ </div><div id="a6333" style="position:absolute;left:500.413px;top:404.2px;">- </div><div id="a6335" style="position:absolute;left:516.893px;top:404.2px;">$ </div><div id="a6337" style="position:absolute;left:598.493px;top:404.2px;">- </div><div id="a6339" style="position:absolute;left:614.813px;top:404.2px;">$ </div><div id="a6341" style="position:absolute;left:649.733px;top:404.2px;">1,796,534 </div><div id="a6343" style="position:absolute;left:98.752px;top:420.9px;">Mutual funds </div><div id="a6346" style="position:absolute;left:348.707px;top:420.9px;">4,033,083 </div><div id="a6349" style="position:absolute;left:500.413px;top:420.9px;">- </div><div id="a6352" style="position:absolute;left:598.493px;top:420.9px;">- </div><div id="a6355" style="position:absolute;left:649.733px;top:420.9px;">4,033,083 </div><div id="a6357" style="position:absolute;left:98.752px;top:438.8px;">Collective investment trusts</div><div id="a6358" style="position:absolute;font-size:9.28px;left:262.587px;top:438.5px;">(a)</div><div id="a6361" style="position:absolute;left:402.467px;top:438.8px;">- </div><div id="a6364" style="position:absolute;left:500.413px;top:438.8px;">- </div><div id="a6367" style="position:absolute;left:598.493px;top:438.8px;">- </div><div id="a6370" style="position:absolute;left:642.373px;top:438.8px;">24,746,330 </div><div id="a6373" style="position:absolute;left:313.827px;top:457.5px;">$ </div><div id="a6375" style="position:absolute;left:348.707px;top:457.5px;">5,829,617 </div><div id="a6378" style="position:absolute;left:418.787px;top:457.5px;">$ </div><div id="a6380" style="position:absolute;left:500.413px;top:457.5px;">- </div><div id="a6382" style="position:absolute;left:516.893px;top:457.5px;">$ </div><div id="a6384" style="position:absolute;left:598.493px;top:457.5px;">- </div><div id="a6386" style="position:absolute;left:614.813px;top:457.5px;">$ </div><div id="a6388" style="position:absolute;left:642.373px;top:457.5px;">30,575,947 </div><div id="a6399" style="position:absolute;font-size:9.28px;left:98.752px;top:492.6px;">(a)</div><div id="a6400" style="position:absolute;left:108.992px;top:492.9px;"><div style="display:inline-block;width:3.68px">&#160;</div>These investments are valued based on net asset value (NAV) per unit, as provided by the trustee of </div><div id="a6403" style="position:absolute;left:98.752px;top:509.8px;"><div style="display:inline-block;width:18.4px">&#160;</div>the fund as a practical expedient, and have not been classified in<div style="display:inline-block;width:2.32px">&#160;</div>the fair value hierarchy.<div style="display:inline-block;width:7.74px">&#160;</div>The fair 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<div id="a6693" style="position:absolute;font-size:18.72px;left:249.307px;top:47.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a6707" style="position:absolute;font-size:18.72px;left:250.907px;top:77.3px;">Notes to Financial Statements (continued) </div><div id="a6717" style="position:absolute;font-size:17.28px;font-weight:bold;color:#4F81BD;left:96.032px;top:112.6px;">&#160;</div><div id="a6718" style="position:absolute;left:705.413px;top:991.2px;">11</div><div id="a6719" style="position:absolute;font-family:Calibri;left:720.133px;top:990.6px;">&#160;</div><div id="a6720" style="position:absolute;font-weight:bold;left:96.032px;top:135.4px;">6. Tax Status </div><div id="a6727" style="position:absolute;left:96.032px;top:151.9px;">&#160;</div><div id="a6728" style="position:absolute;left:96.032px;top:168.8px;">The underlying<div style="display:inline-block;width:7.26px">&#160;</div>prototype plan<div style="display:inline-block;width:7.36px">&#160;</div>has received<div style="display:inline-block;width:7.17px">&#160;</div>an opinion<div style="display:inline-block;width:7.21px">&#160;</div>letter from<div style="display:inline-block;width:7.23px">&#160;</div>the Internal<div style="display:inline-block;width:7.29px">&#160;</div>Revenue Service<div style="display:inline-block;width:7.24px">&#160;</div>(IRS) </div><div id="a6758" style="position:absolute;left:96.032px;top:185.6px;">dated March<div style="display:inline-block;width:7.46px">&#160;</div>31, 2014,<div style="display:inline-block;width:7.2px">&#160;</div>stating that<div style="display:inline-block;width:7.16px">&#160;</div>the written<div style="display:inline-block;width:7.36px">&#160;</div>form of<div style="display:inline-block;width:7.44px">&#160;</div>the underlying<div style="display:inline-block;width:7.04px">&#160;</div>prototype document<div style="display:inline-block;width:7.3px">&#160;</div>is qualified </div><div id="a6790" style="position:absolute;left:96.032px;top:202.6px;">under Section 401 of the Internal Revenue Code (the<div style="display:inline-block;width:5.18px">&#160;</div>Code). Any employer adopting this form of the plan </div><div id="a6826" style="position:absolute;left:96.032px;top:219.4px;">will be considered to have a plan qualified under<div style="display:inline-block;width:5.42px">&#160;</div>Section 401 of the Code, and, therefore, the related trust </div><div id="a6865" style="position:absolute;left:96.032px;top:236.2px;">is tax-exempt. Once qualified, the<div style="display:inline-block;width:6.04px">&#160;</div>Plan is required to operate<div style="display:inline-block;width:5.97px">&#160;</div>in conformity with the<div style="display:inline-block;width:5.71px">&#160;</div>Code to maintain its </div><div id="a6903" style="position:absolute;left:96.032px;top:253.2px;">qualified status.<div style="display:inline-block;width:10.31px">&#160;</div>The plan<div style="display:inline-block;width:10.65px">&#160;</div>administrator believes<div style="display:inline-block;width:10.24px">&#160;</div>the Plan<div style="display:inline-block;width:10.57px">&#160;</div>is being<div style="display:inline-block;width:10.44px">&#160;</div>operated in<div style="display:inline-block;width:10.68px">&#160;</div>compliance w<div style="display:inline-block;width:3.13px">&#160;</div>ith the </div><div id="a6934" style="position:absolute;left:96.032px;top:270px;">applicable requirements of<div style="display:inline-block;width:6.25px">&#160;</div>the Code and,<div style="display:inline-block;width:6.65px">&#160;</div>therefore, believes the<div style="display:inline-block;width:6.59px">&#160;</div>Plan is qualified<div style="display:inline-block;width:6.41px">&#160;</div>and the related<div style="display:inline-block;width:6.64px">&#160;</div>trust is </div><div id="a6968" style="position:absolute;left:96.032px;top:286.9px;">tax exempt.<div style="display:inline-block;width:3.49px">&#160;</div></div><div id="a6973" style="position:absolute;left:96.032px;top:303.7px;">&#160;</div><div id="a6974" style="position:absolute;left:96.032px;top:320.5px;">Accounting principles generally<div style="display:inline-block;width:7.8px">&#160;</div>accepted in the<div style="display:inline-block;width:8.05px">&#160;</div>United States require<div style="display:inline-block;width:7.9px">&#160;</div>plan management to<div style="display:inline-block;width:7.84px">&#160;</div>evaluate tax </div><div id="a7002" style="position:absolute;left:96.032px;top:337.5px;">positions taken by<div style="display:inline-block;width:7.28px">&#160;</div>the Plan and<div style="display:inline-block;width:7.55px">&#160;</div>recognize a tax<div style="display:inline-block;width:7.56px">&#160;</div>liability if the<div style="display:inline-block;width:7.42px">&#160;</div>Plan has taken<div style="display:inline-block;width:7.45px">&#160;</div>an uncertain position<div style="display:inline-block;width:7.27px">&#160;</div>that </div><div id="a7040" style="position:absolute;left:96.032px;top:354.3px;">more likely than not would not be sustained upon examination by the IRS.<div style="display:inline-block;width:2.3px">&#160;</div>Plan management has analyzed </div><div id="a7075" style="position:absolute;left:96.032px;top:371.3px;">the tax<div style="display:inline-block;width:8.67px">&#160;</div>positions taken<div style="display:inline-block;width:8.24px">&#160;</div>by the<div style="display:inline-block;width:8.58px">&#160;</div>Plan, and<div style="display:inline-block;width:8.42px">&#160;</div>has concluded<div style="display:inline-block;width:8.21px">&#160;</div>that there<div style="display:inline-block;width:8.51px">&#160;</div>are no<div style="display:inline-block;width:8.43px">&#160;</div>uncertain positions<div style="display:inline-block;width:8.39px">&#160;</div>taken or </div><div id="a7111" style="position:absolute;left:96.032px;top:388.1px;">expected to be taken. 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Subsequent Events</div><div id="a7170" style="position:absolute;left:229.307px;top:439px;">&#160;</div><div id="a7171" style="position:absolute;left:96.032px;top:455.6px;">&#160;</div><div id="a7172" style="position:absolute;left:96.032px;top:472.4px;">We have evaluated<div style="display:inline-block;width:5.37px">&#160;</div>subsequent events through the issuance date of the financials, noting none that<div style="display:inline-block;width:5.33px">&#160;</div>require </div><div id="a7204" style="position:absolute;left:96.032px;top:489.2px;">recognition or disclosure in the financial statements. </div></div>
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<div id="a7231" style="position:absolute;left:48px;top:48.5px;">&#160;</div><div id="a7232" style="position:absolute;left:753.413px;top:991.2px;">13 </div><div id="a7234" style="position:absolute;font-size:18.72px;left:246.747px;top:81.6px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a7242" style="position:absolute;font-size:18.72px;left:291.107px;top:111.8px;">Plan No. 003 EIN 59-2273542 </div><div id="a7251" style="position:absolute;font-size:18.72px;left:168.187px;top:141.7px;">Schedule H, Line 4i - Schedule of Assets (Held at End of Year) </div><div id="a7261" style="position:absolute;left:347.747px;top:171.7px;">December 31, 2020 </div><div id="a7268" style="position:absolute;font-weight:bold;left:58.72px;top:210.3px;">Identity of Issue, Borrower, </div><div id="a7269" style="position:absolute;font-weight:bold;left:69.6px;top:229.6px;">Lessor,<div style="display:inline-block;width:4.93px">&#160;</div>or Similar Party </div><div id="a7271" style="position:absolute;font-weight:bold;left:253.147px;top:210.3px;">Description of Investment Including Maturity Date, Rate of </div><div id="a7273" style="position:absolute;font-weight:bold;left:303.747px;top:229.6px;">Interest, Collateral, Par, or Maturity Value </div><div id="a7275" style="position:absolute;font-weight:bold;left:637.733px;top:229.6px;">Cost </div><div id="a7278" style="position:absolute;font-weight:bold;left:699.813px;top:197px;">Current </div><div id="a7280" style="position:absolute;font-weight:bold;left:705.253px;top:229.6px;"><div style="display:inline-block;width:3.68px">&#160;</div>Value </div><div id="a7284" style="position:absolute;left:48px;top:263.4px;">Mutual funds: </div><div id="a7290" style="position:absolute;left:48px;top:278.1px;">Clearbridge </div><div id="a7292" style="position:absolute;left:248.027px;top:278.1px;">Large Cap Growth IS, 8,764 shares </div><div id="a7294" style="position:absolute;font-weight:bold;left:644.613px;top:278.4px;">** </div><div id="a7296" style="position:absolute;left:674.213px;top:278.1px;">$ </div><div id="a7298" style="position:absolute;left:710.053px;top:278.1px;">595,192 </div><div id="a7300" style="position:absolute;left:48px;top:294.1px;">Cohen &amp; Steers </div><div id="a7302" style="position:absolute;left:248.027px;top:294.1px;">Real Estate Securities Z, 27,169 shares </div><div id="a7304" style="position:absolute;font-weight:bold;left:644.613px;top:294.4px;">** </div><div id="a7307" style="position:absolute;left:710.053px;top:294.1px;">442,853 </div><div id="a7309" style="position:absolute;left:48px;top:310.1px;">Fidelity </div><div id="a7311" style="position:absolute;left:248.027px;top:310.1px;">Advisor Small Cap Growth I, 28,589 shares </div><div id="a7314" style="position:absolute;font-weight:bold;left:644.613px;top:310.4px;">** </div><div id="a7317" style="position:absolute;left:710.053px;top:310.1px;">976,045 </div><div id="a7319" style="position:absolute;left:48px;top:326.1px;">Fidelity </div><div id="a7321" style="position:absolute;left:248.027px;top:326.1px;">Advisor Total Bond I, 151,578 shares </div><div id="a7323" style="position:absolute;font-weight:bold;left:644.613px;top:326.4px;">** </div><div id="a7326" style="position:absolute;left:699.013px;top:326.1px;">1,712,829 </div><div id="a7328" style="position:absolute;left:48px;top:342.2px;">Goldman Sachs </div><div id="a7330" style="position:absolute;left:248.027px;top:342.2px;">Small Cap Value<div style="display:inline-block;width:5.06px">&#160;</div>Insights R6, 1,628 shares </div><div id="a7332" style="position:absolute;font-weight:bold;left:644.613px;top:342.5px;">** </div><div id="a7335" style="position:absolute;left:717.413px;top:342.2px;">90,581 </div><div id="a7337" style="position:absolute;left:48px;top:358.2px;">Fidelity </div><div id="a7339" style="position:absolute;left:248.027px;top:358.2px;">Emerging Markets Idx Premium, 42,320 shares </div><div id="a7341" style="position:absolute;font-weight:bold;left:644.613px;top:358.5px;">** </div><div id="a7344" style="position:absolute;left:710.053px;top:358.2px;">539,151 </div><div id="a7346" style="position:absolute;left:48px;top:374.2px;">Franklin Templeton </div><div id="a7348" style="position:absolute;left:248.027px;top:374.2px;">Franklin Utilities R6, 10,450 shares </div><div id="a7350" style="position:absolute;font-weight:bold;left:644.613px;top:374.5px;">** </div><div id="a7353" style="position:absolute;left:710.053px;top:374.2px;">207,633 </div><div id="a7355" style="position:absolute;left:48px;top:390.2px;">Harbor </div><div id="a7357" style="position:absolute;left:248.027px;top:390.2px;">Small Cap Value<div style="display:inline-block;width:5.06px">&#160;</div>Retirement, 6,548 shares </div><div id="a7359" style="position:absolute;font-weight:bold;left:644.613px;top:390.5px;">** </div><div id="a7362" style="position:absolute;left:710.053px;top:390.2px;">257,743 </div><div id="a7364" style="position:absolute;left:48px;top:406.2px;">Touchstone </div><div id="a7366" style="position:absolute;left:248.027px;top:406.2px;">Mid Cap Y,<div style="display:inline-block;width:5.42px">&#160;</div>9,230 shares </div><div id="a7368" style="position:absolute;font-weight:bold;left:644.613px;top:406.5px;">** </div><div id="a7371" style="position:absolute;left:710.053px;top:406.2px;">408,725 </div><div id="a7373" style="position:absolute;left:48px;top:422.2px;">Mass Mutual </div><div id="a7375" style="position:absolute;left:248.027px;top:422.2px;">Premier Infl-Prot and Inc I, 5,551 shares </div><div id="a7379" style="position:absolute;font-weight:bold;left:644.613px;top:422.5px;">** </div><div id="a7382" style="position:absolute;left:717.413px;top:422.2px;">61,172 </div><div id="a7384" style="position:absolute;left:48px;top:438.2px;">JP Morgan </div><div id="a7386" style="position:absolute;left:248.027px;top:438.2px;">100% U.S. Treas Sec MM Inst, 1,992,627 shares </div><div id="a7389" style="position:absolute;font-weight:bold;left:644.613px;top:438.5px;">** </div><div id="a7392" style="position:absolute;left:699.013px;top:438.2px;">1,992,627 </div><div id="a7394" style="position:absolute;left:48px;top:454.2px;">Principal </div><div id="a7396" style="position:absolute;left:248.027px;top:454.2px;">Government &amp; High Qual Bd Inst, 10,918 shares </div><div id="a7398" style="position:absolute;font-weight:bold;left:644.613px;top:454.5px;">** </div><div id="a7401" style="position:absolute;left:710.053px;top:454.2px;">115,404 </div><div id="a7403" style="position:absolute;left:48px;top:470.2px;">MFS </div><div id="a7405" style="position:absolute;left:248.027px;top:470.2px;">Md Cap Growth R6, 17,889 shares </div><div id="a7407" style="position:absolute;font-weight:bold;left:644.613px;top:470.5px;">** </div><div id="a7410" style="position:absolute;left:710.053px;top:470.2px;">543,646 </div><div id="a7412" style="position:absolute;left:48px;top:486.2px;">Great-West </div><div id="a7416" style="position:absolute;left:248.027px;top:486.2px;">Mid Cap Value<div style="display:inline-block;width:5.11px">&#160;</div>Instl, 3,441 shares </div><div id="a7418" style="position:absolute;font-weight:bold;left:644.613px;top:486.5px;">** </div><div id="a7421" style="position:absolute;left:717.413px;top:486.2px;">31,481 </div><div id="a7423" style="position:absolute;left:48px;top:502.2px;">T. Rowe Price </div><div id="a7425" style="position:absolute;left:248.027px;top:502.2px;">U.S. Equity Research, 5,823 shares </div><div id="a7428" style="position:absolute;font-weight:bold;left:644.613px;top:502.5px;">** </div><div id="a7431" style="position:absolute;left:710.053px;top:502.2px;">213,518 </div><div id="a7433" style="position:absolute;left:48px;top:518.2px;">Vanguard </div><div id="a7435" style="position:absolute;left:248.027px;top:518.2px;">Equity Income ADM, 2,855 shares </div><div id="a7437" style="position:absolute;font-weight:bold;left:644.613px;top:518.5px;">** </div><div id="a7440" style="position:absolute;left:710.053px;top:518.2px;">226,509 </div><div id="a7442" style="position:absolute;left:48px;top:534.2px;">Wells Fargo </div><div id="a7444" style="position:absolute;left:248.027px;top:534.2px;">High Yield Bond Inst, 97,147 shares </div><div id="a7446" style="position:absolute;font-weight:bold;left:644.613px;top:534.5px;">** </div><div id="a7449" style="position:absolute;left:710.053px;top:534.2px;">333,215 </div><div id="a7451" style="position:absolute;left:48px;top:550.8px;">Total </div><div id="a7456" style="position:absolute;left:699.013px;top:550.8px;">8,748,324 </div><div id="a7463" style="position:absolute;left:48px;top:582.2px;">Collective investment trusts: </div><div id="a7469" style="position:absolute;left:48px;top:598.2px;">Blackrock </div><div id="a7471" style="position:absolute;left:248.027px;top:598.2px;">Equity Index Fund R, 6,461 shares </div><div id="a7473" style="position:absolute;font-weight:bold;left:644.613px;top:598.5px;">** </div><div id="a7476" style="position:absolute;left:699.013px;top:598.2px;">3,236,183 </div><div id="a7478" style="position:absolute;left:48px;top:614.2px;">Blackrock </div><div id="a7480" style="position:absolute;left:248.027px;top:614.2px;">LifePath Index 2025 Fund CL 35, 150,228 shares </div><div id="a7482" style="position:absolute;font-weight:bold;left:644.613px;top:614.5px;">** </div><div id="a7485" style="position:absolute;left:699.013px;top:614.2px;">4,174,823 </div><div id="a7487" style="position:absolute;left:48px;top:630.2px;">Blackrock </div><div id="a7489" style="position:absolute;left:248.027px;top:630.2px;">LifePath Index 2030 Fund CL 35, 129,505 shares </div><div id="a7491" style="position:absolute;font-weight:bold;left:644.613px;top:630.5px;">** </div><div id="a7494" style="position:absolute;left:699.013px;top:630.2px;">3,909,754 </div><div id="a7496" style="position:absolute;left:48px;top:646.2px;">Blackrock </div><div id="a7498" style="position:absolute;left:248.027px;top:646.2px;">LifePath Index 2035 Fund CL 35, 158,030 shares </div><div id="a7500" style="position:absolute;font-weight:bold;left:644.613px;top:646.5px;">** </div><div id="a7503" style="position:absolute;left:699.013px;top:646.2px;">5,126,498 </div><div id="a7505" style="position:absolute;left:48px;top:662.2px;">Blackrock </div><div id="a7507" style="position:absolute;left:248.027px;top:662.2px;">LifePath Index 2040 Fund CL 35, 92,895 shares </div><div id="a7511" style="position:absolute;font-weight:bold;left:644.613px;top:662.5px;">** </div><div id="a7514" style="position:absolute;left:699.013px;top:662.2px;">3,173,279 </div><div id="a7516" style="position:absolute;left:48px;top:678.2px;">Blackrock </div><div id="a7518" style="position:absolute;left:248.027px;top:678.2px;">LifePath Index 2045 Fund CL 35, 55,250 shares </div><div id="a7520" style="position:absolute;font-weight:bold;left:644.613px;top:678.5px;">** </div><div id="a7523" style="position:absolute;left:699.013px;top:678.2px;">1,986,783 </div><div id="a7525" style="position:absolute;left:48px;top:694.2px;">Blackrock </div><div id="a7527" style="position:absolute;left:248.027px;top:694.2px;">LifePath Index 2050 Fund CL 35, 38,393 shares </div><div id="a7529" style="position:absolute;font-weight:bold;left:644.613px;top:694.5px;">** </div><div id="a7532" style="position:absolute;left:699.013px;top:694.2px;">1,376,755 </div><div id="a7534" style="position:absolute;left:48px;top:710.2px;">Blackrock </div><div id="a7536" style="position:absolute;left:248.027px;top:710.2px;">LifePath Index 2055 CL 35, 83,612 shares </div><div id="a7538" style="position:absolute;font-weight:bold;left:644.613px;top:710.5px;">** </div><div id="a7541" style="position:absolute;left:699.013px;top:710.2px;">1,544,317 </div><div id="a7543" style="position:absolute;left:48px;top:726.2px;">Blackrock </div><div id="a7545" style="position:absolute;left:248.027px;top:726.2px;">LifePath Index Retire CL 35, 202,679 shares </div><div id="a7547" style="position:absolute;font-weight:bold;left:644.613px;top:726.5px;">** </div><div id="a7550" style="position:absolute;left:699.013px;top:726.2px;">4,138,703 </div><div id="a7552" style="position:absolute;left:48px;top:742.2px;">Blackrock </div><div id="a7554" style="position:absolute;left:248.027px;top:742.2px;">Mid Cap Equity Index Fund R, 4,204 shares </div><div id="a7556" style="position:absolute;font-weight:bold;left:644.613px;top:742.5px;">** </div><div id="a7559" style="position:absolute;left:710.053px;top:742.2px;">948,725 </div><div id="a7561" style="position:absolute;left:48px;top:758.2px;">Blackrock </div><div id="a7563" style="position:absolute;left:248.027px;top:758.2px;">MSCI ACWI ex-U.S. Index R, 48,498 shares </div><div id="a7567" style="position:absolute;font-weight:bold;left:644.613px;top:758.5px;">** </div><div id="a7570" style="position:absolute;left:710.053px;top:758.2px;">725,050 </div><div id="a7572" style="position:absolute;left:48px;top:774.2px;">Blackrock </div><div id="a7574" style="position:absolute;left:248.027px;top:774.2px;">Russell 1000 Growth R, 60,107 shares </div><div id="a7576" style="position:absolute;font-weight:bold;left:644.613px;top:774.5px;">** </div><div id="a7579" style="position:absolute;left:699.013px;top:774.2px;">1,535,142 </div><div id="a7581" style="position:absolute;left:48px;top:790.2px;">Blackrock </div><div id="a7583" style="position:absolute;left:248.027px;top:790.2px;">Russell 1000 Value<div style="display:inline-block;width:5.06px">&#160;</div>Index Fund R, 20,913 shares </div><div id="a7585" style="position:absolute;font-weight:bold;left:644.613px;top:790.5px;">** </div><div id="a7588" style="position:absolute;left:710.053px;top:790.2px;">326,871 </div><div id="a7590" style="position:absolute;left:48px;top:806.2px;">Blackrock </div><div id="a7592" style="position:absolute;left:248.027px;top:806.2px;">Russell 2000 Index Fund R, 3,814 shares </div><div id="a7594" style="position:absolute;font-weight:bold;left:644.613px;top:806.5px;">** </div><div id="a7597" style="position:absolute;left:710.053px;top:806.2px;">856,279 </div><div id="a7599" style="position:absolute;left:48px;top:822.9px;">Total </div><div id="a7604" style="position:absolute;left:691.653px;top:822.9px;">33,059,162 </div><div id="a7611" style="position:absolute;left:48px;top:854.2px;">*Capital City Bank Group, Inc. </div><div id="a7613" style="position:absolute;left:248.027px;top:854.2px;">Capital City Bank Group Stock, 77,025 shares </div><div id="a7615" style="position:absolute;font-weight:bold;left:644.613px;top:854.5px;">** </div><div id="a7618" style="position:absolute;left:699.013px;top:854.2px;">1,893,276 </div><div id="a7623" style="position:absolute;left:674.213px;top:870.9px;">$ </div><div id="a7625" style="position:absolute;left:691.653px;top:870.9px;">43,700,762 </div><div id="a7632" style="position:absolute;left:48px;top:896.1px;">* Party-in-interest </div><div id="a7642" style="position:absolute;left:48px;top:912.1px;">** Participant-directed investment, cost not required </div><div id="a7649" style="position:absolute;font-family:Calibri;left:48px;top:928.7px;">&#160;</div></div>
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<div id="a7691" style="position:absolute;font-family:Calibri;left:96.032px;top:47.9px;">&#160;</div><div id="a7692" style="position:absolute;font-family:Calibri;left:96.032px;top:974.1px;">&#160;</div><div id="a7693" style="position:absolute;font-weight:bold;left:360.387px;top:96.2px;">SIGNATURES</div><div id="a7694" style="position:absolute;font-family:Calibri;left:455.773px;top:95.6px;">&#160;</div><div id="a7695" style="position:absolute;left:96.032px;top:112.7px;">&#160;</div><div id="a7696" style="position:absolute;font-style:italic;left:96.032px;top:129.6px;">The Plan.</div><div id="a7699" style="position:absolute;left:153.147px;top:129.6px;"><div style="display:inline-block;width:3.68px">&#160;</div>Pursuant to the requirements of the Securities Exchange Act of 1934,<div style="display:inline-block;width:2.21px">&#160;</div>the trustees (or other </div><div id="a7731" style="position:absolute;left:96.032px;top:146.4px;">persons who administer the employee benefit plan) have duly caused this<div style="display:inline-block;width:2.27px">&#160;</div>annual report to be signed on its </div><div id="a7767" style="position:absolute;left:96.032px;top:163.4px;">behalf by the undersigned hereunto duly authorized.</div><div id="a7780" style="position:absolute;font-family:Calibri;left:401.987px;top:162.8px;">&#160;</div><div id="a7781" style="position:absolute;left:96.032px;top:180.2px;">&#160;</div><div id="a7782" style="position:absolute;left:96.032px;top:197px;">&#160;</div><div id="a7783" style="position:absolute;font-weight:bold;left:96.032px;top:214.3px;">CAPITAL CITY BANK GROUP,<div style="display:inline-block;width:5.47px">&#160;</div>INC.<div style="display:inline-block;width:7.25px">&#160;</div>401(K) PLAN</div><div id="a7796" style="position:absolute;font-family:Calibri;font-weight:bold;left:437.027px;top:213.7px;">&#160;</div><div id="a7797" style="position:absolute;font-family:Calibri;left:96.032px;top:230.7px;">&#160;</div><div id="a7798" style="position:absolute;left:96.032px;top:248.7px;">By:<div style="display:inline-block;width:7.21px">&#160;</div>/s/Beth Corum<div style="display:inline-block;width:109.88px">&#160;</div></div><div id="a7805" style="position:absolute;font-family:Calibri;left:336.067px;top:248.1px;">&#160;</div><div id="a7806" style="position:absolute;left:96.032px;top:265.6px;"><div style="display:inline-block;width:29.44px">&#160;</div>Beth Corum, Chief Operating Officer</div><div id="a7816" style="position:absolute;font-family:Calibri;left:345.827px;top:265.1px;">&#160;</div><div id="a7817" style="position:absolute;left:96.032px;top:282.4px;"><div style="display:inline-block;width:29.44px">&#160;</div>Capital City Bank Group, Inc.</div><div id="a7827" style="position:absolute;font-family:Calibri;left:302.147px;top:281.9px;">&#160;</div><div id="a7828" style="position:absolute;left:96.032px;top:299.2px;"><div style="display:inline-block;width:29.44px">&#160;</div>Retirement Committee, Chairman</div><div id="a7834" style="position:absolute;font-family:Calibri;left:324.547px;top:298.7px;">&#160;</div><div id="a7835" style="position:absolute;font-family:Calibri;left:96.032px;top:316.1px;">&#160;</div><div id="a7836" style="position:absolute;left:96.032px;top:334.2px;">Dated: June 25, 2021</div><div id="a7843" style="position:absolute;font-family:Calibri;left:220.667px;top:333.6px;">&#160;</div><div id="a7844" style="position:absolute;font-family:Calibri;left:96.032px;top:350.9px;">&#160;</div><div id="a7845" style="position:absolute;font-family:Calibri;left:96.032px;top:368.8px;">&#160;</div></div>
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<TYPE>EX-23.1
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<DESCRIPTION>EXHIBIT 23.1
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<div id="a0" style="position:absolute;left:96.032px;top:95.9px;">Exhibit 23.1 </div><div id="a4" style="position:absolute;left:96.032px;top:112.7px;">&#160;</div><div id="a5" style="position:absolute;left:408.067px;top:129.6px;">&#160;</div><div id="a6" style="position:absolute;left:204.027px;top:146.4px;">Consent of Independent Registered Certified Public Accounting Firm </div><div id="a22" style="position:absolute;left:408.067px;top:163.4px;">&#160;</div><div id="a23" style="position:absolute;left:96.032px;top:180.2px;">We consent to the incorporation by reference in the Registration Statement (Form S-8<div style="display:inline-block;width:3.14px">&#160;</div>No. 333-36693) </div><div id="a57" style="position:absolute;left:96.032px;top:197px;">pertaining to the Capital City Bank Group, Inc. 401(k) Plan of<div style="display:inline-block;width:2.34px">&#160;</div>our report dated June 25, 2021, with </div><div id="a97" style="position:absolute;left:96.032px;top:214px;">respect to the financial statements and schedule of the Capital City<div style="display:inline-block;width:2.31px">&#160;</div>Bank Group, Inc. 401(k) Plan included </div><div id="a132" style="position:absolute;left:96.032px;top:230.8px;">in this Annual Report (Form 11-K) for the year ended December 31, 2020. </div><div id="a160" style="position:absolute;left:96.032px;top:247.7px;">&#160;</div><div id="a161" style="position:absolute;left:96.032px;top:264.5px;">&#160;</div><div id="a162" style="position:absolute;left:432.067px;top:281.3px;">&#160;</div><div id="a163" style="position:absolute;left:583.133px;top:298.3px;">/s/ Ernst &amp; Young LLP </div><div id="a173" style="position:absolute;left:480.093px;top:315.1px;">&#160;</div><div id="a174" style="position:absolute;left:480.093px;top:332px;"><div style="display:inline-block;width:48px">&#160;</div></div><div id="a176" style="position:absolute;left:96.032px;top:348.9px;">Tallahassee,<div style="display:inline-block;width:4.53px">&#160;</div>Florida </div><div id="a182" style="position:absolute;left:96.032px;top:365.8px;">June 25, 2021 </div></div>
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