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GOODWILL AND OTHER INTANGIBLES | 12 Months Ended
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Dec. 31, 2021
Goodwill [Abstract] |
GOODWILL | Note 8 GOODWILL AND OTHER INTANGIBLES At December 31, 2021 and 2020, the Company had goodwill of $ 91.8 million and $ 89.1 million, respectively. Goodwill is tested for impairment on an annual basis, or more often if impairment indicators exist. Testing allows for a qualitative assessment of goodwill impairment indicators. If the assessment indicates that impairment has more than likely occurred, the Company must compare the estimated fair value of the reporting unit to its carrying amount. If the carrying amount of the reporting unit exceeds its estimated fair value, an impairment charge is recorded equal to the excess. On April 30, 2021, a newly formed subsidiary of CCBG, Capital City Strategic Wealth, LLC (“CCSW”) acquired substantially all of the assets of Strategic Wealth Group, LLC and certain related businesses (“SWG”), including advisory, service, and insurance carrier agreements, and the assignment of all related revenues thereof. Under the terms of the purchase agreement, SWG principles became officers of CCSW and will continue the operation of their five offices in South Georgia offering wealth management services and comprehensive risk management and asset protection services for individuals and businesses. CCBG paid $ 4.5 million in cash consideration and recorded goodwill of $ 2.8 million and a customer relationship intangible asset ( 10 year life) of $ 1.6 million. Amortization expense related to the customer relationship intangible totaled $ 0.1 million in 2021. The estimated amortization expense for each of the ten succeeding fiscal years is $ 0.2 million per year. On March 1, 2020, CCB completed its acquisition of a 51 % membership interest in Brand Mortgage Group, LLC (“Brand”), which is now operated as Capital City Home Loans (“CCHL”). See Note 1 – Significant Accounting Policies/Business Combination for additional information. CCB made a $ 7.1 million cash payment for its 51 % membership interest and recorded goodwill totaling $ 4.3 million in connection with this acquisition. During the fourth quarter of 2021, the Company performed its annual goodwill impairment testing and determined that no goodwill impairment existed at December 31, 2021 and no goodwill impairment existed at December 31, 2020. The Company will continue to evaluate goodwill for impairment as defined by ASC Topic 350.

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- Definition The entire disclosure for goodwill. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2144439 + Details
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