<SEC-DOCUMENT>0000726601-22-000012.txt : 20220627
<SEC-HEADER>0000726601-22-000012.hdr.sgml : 20220627
<ACCEPTANCE-DATETIME>20220627171722
ACCESSION NUMBER:		0000726601-22-000012
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20220627
DATE AS OF CHANGE:		20220627

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:		221045606

	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="a1" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;font-weight:bold;left:344.2px;top:130.1px;">UNITED STATES</div><div id="a3" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;font-weight:bold;left:235.7px;top:148.5px;">SECURITIES AND EXCHANGE COMMISSION</div><div id="a5" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;font-weight:bold;left:307.6px;top:166.9px;">WASHINGTON,<div style="display:inline-block;width:6px">&#160;</div>D.C.<div style="display:inline-block;width:8.1px">&#160;</div>20549</div><div id="a9" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:406.3px;top:185px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a11" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;font-weight:bold;left:306.3px;top:200.7px;"><div 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Full title of the plan and the address of the plan, if different from that of the issuer named<div style="display:inline-block;width:4.9px">&#160;</div>below: </div><div id="a96" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:96px;top:591.7px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a98" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;font-weight:bold;left:232px;top:607.3px;">CAPITAL CITY BANK GROUP,<div style="display:inline-block;width:6.5px">&#160;</div>INC. 401(k) Plan</div><div id="a100" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:342.1px;top:625.4px;">(Exact name of the plan) </div><div id="a102" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:96px;top:640.8px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a104" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:118.8px;top:656.1px;">B. Name of issuer of the securities held pursuant to the plan and the address of its principal<div style="display:inline-block;width:4.8px">&#160;</div>executive office: </div><div id="a106" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:96px;top:671.5px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a108" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;font-weight:bold;left:321.3px;top:687.2px;">Capital City Bank Group, Inc.</div><div id="a110" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:340.9px;top:702.1px;">217 North Monroe Street </div><div id="a113" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:336.1px;top:717.4px;">Tallahassee, Florida 32301 </div><div id="a115" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:732.7px;"><div style="display:inline-block;width:192px">&#160;</div></div></div>
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<div id="a117" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:312.1px;top:96.2px;">REQUIRED INFORMATION</div><div id="a121" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:144px;top:128px;">The following financial statements shall be furnished for the plan: </div><div id="a126" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:144px;top:161.8px;">The Capital City Bank Group, Inc. 401(k) Plan (&#8220;Plan&#8221;) is subject to<div style="display:inline-block;width:2.3px">&#160;</div>the Employee Retirement </div><div id="a128" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:178.6px;">Income Security Act of 1974 (&#8220;ERISA&#8221;).<div style="display:inline-block;width:6.5px">&#160;</div>Therefore, in lieu of the requirements of items 1-3 of Form<div style="display:inline-block;width:2.3px">&#160;</div>11-</div><div id="a134" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:195.6px;">K, the financial statements and schedule of the Plan for the two years<div style="display:inline-block;width:2.3px">&#160;</div>ended December 31, 2021 and 2020 </div><div id="a137" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:212.4px;">have been prepared in accordance with the financial reporting requirements<div style="display:inline-block;width:2.3px">&#160;</div>of ERISA. </div></div>
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<div id="a139" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:198.1px;top:95.9px;">F</div><div id="a140" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:208.5px;top:99.6px;">INANCIAL </div><div id="a141" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:282.9px;top:95.9px;">S</div><div id="a142" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:293.3px;top:99.6px;">TATEMENTS<div style="display:inline-block;width:6.4px">&#160;</div>AND</div><div id="a144" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:198.1px;top:117.3px;">S</div><div id="a145" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:208.5px;top:121px;">UPPLEMENTAL </div><div id="a146" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:318.3px;top:117.3px;">S</div><div id="a147" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:328.7px;top:121px;">CHEDULE</div><div id="a150" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:198.1px;top:157.1px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a152" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:198.1px;top:175.5px;">December 31, 2021 and 2020 </div><div id="a156" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:198.1px;top:193.9px;">and Year<div style="display:inline-block;width:5.5px">&#160;</div>Ended December 31, 2021 </div><div id="a161" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:198.1px;top:212.3px;">With Report of Independent Registered Public Accounting Firm</div></div>
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<div id="a162" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:249.3px;top:95.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a164" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:223.9px;top:125.3px;">Financial Statements and Supplemental Schedule </div><div id="a166" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:159.7px;top:154.8px;">December 31, 2021 and 2020 and Year<div style="display:inline-block;width:6.1px">&#160;</div>Ended December 31, 2021 </div><div id="a172" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;font-weight:bold;left:372.2px;top:216.5px;">Contents </div><div id="a174" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:261.7px;">Reports of Independent Registered Public Accounting Firms<div style="display:inline-block;width:0.6px">&#160;</div>.........................................................1 </div><div id="a180" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:298.7px;">Financial Statements </div><div id="a182" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:335.9px;">Statements of Net Assets Available for Benefits<div style="display:inline-block;width:2.6px">&#160;</div>.............................................................................3 </div><div id="a189" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:354.3px;">Statement of Changes in Net Assets Available for Benefits<div style="display:inline-block;width:1.3px">&#160;</div>............................................................4 </div><div id="a195" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:372.7px;">Notes to Financial Statements<div style="display:inline-block;width:0.5px">&#160;</div>..........................................................................................................5 </div><div id="a204" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:409.5px;">Supplemental Schedule </div><div id="a206" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:446.6px;">Schedule H, Line 4i &#8211; Schedule of Assets (Held at End of Year) .................................................13 </div></div>
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<div id="a217" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:760.8px;top:991.2px;">1</div><div id="a219" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;font-weight:bold;left:174.1px;top:49.2px;">Report of Independent Registered Public Accounting Firm</div><div id="a224" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:48px;top:106.2px;">Plan Administrator and Plan Participants </div><div id="a226" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:48px;top:121.5px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a228" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:48px;top:136.7px;">Tallahassee, Florida </div><div id="a232" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;font-style:italic;left:48px;top:167.7px;">Opinion on the Financial Statements </div><div id="a234" 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</div><div id="a249" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:48px;top:341.2px;">These financial statements are the responsibility of the Plan&#8217;s<div style="display:inline-block;width:5.3px">&#160;</div>management.<div style="display:inline-block;width:6.8px">&#160;</div>Our responsibility is to express an opinion on these </div><div id="a251" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:48px;top:356.6px;">financial statements based on our audit. </div><div id="a253" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:13.28px;left:48px;top:388px;">We are a public<div style="display:inline-block;width:4.8px">&#160;</div>accounting firm registered with the Public Company Accounting Oversight Board<div style="display:inline-block;width:4.8px">&#160;</div>(United States) (&#8220;PCAOB&#8221;) and are </div><div id="a255" style="position:absolute;font-family:&apos;Times New 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<div id="a325" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:760.8px;top:991.2px;">2</div><div id="a331" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;font-weight:bold;left:174.1px;top:118.5px;">Report of Independent Registered Public Accounting Firm</div><div id="a338" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:175.4px;">To the Plan Participants and the Plan Administrator of Capital City Bank Group, Inc. 401(k) Plan</div><div id="a342" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:48px;top:210.4px;">Opinion on the Financial Statements</div><div id="a345" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:245px;">We have audited the accompanying statements of net assets available for benefits of Capital City Bank Group, Inc.<div style="display:inline-block;width:2.3px">&#160;</div>401(k) </div><div id="a348" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:261.8px;">Plan (the Plan) as of December 31, 2020, and the related notes (collectively referred<div style="display:inline-block;width:2px">&#160;</div>to as the &#8220;financial statements&#8221;). In </div><div id="a351" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:278.8px;">our opinion, the financial statement presents fairly, in all material respects, the net assets available for benefits of the Plan </div><div id="a353" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:295.6px;">at December 31, 2020, in conformity with U.S. generally accepted accounting<div style="display:inline-block;width:2.2px">&#160;</div>principles. </div><div id="a356" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:48px;top:330.6px;">Basis for Opinion</div><div id="a359" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:365.2px;">These financial statements are the responsibility of the Plan&#8217;s management. Our responsibility is to express<div style="display:inline-block;width:2.2px">&#160;</div>an opinion on </div><div id="a360" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:382px;">the Plan&#8217;s financial statements based on our audit. We are a public accounting firm registered with the Public Company </div><div id="a362" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:398.8px;">Accounting Oversight Board (United States) (PCAOB) and are required<div style="display:inline-block;width:2.2px">&#160;</div>to be independent with respect to the Plan in </div><div id="a363" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:415.8px;">accordance with the U.S. federal securities laws and the applicable rules and<div style="display:inline-block;width:2.2px">&#160;</div>regulations of the Securities and Exchange </div><div id="a365" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:432.6px;">Commission and the PCAOB.</div><div id="a368" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:467.3px;">We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and </div><div id="a369" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:484.2px;">perform the audit to obtain reasonable assurance about whether the financial<div style="display:inline-block;width:2.2px">&#160;</div>statements are free of material misstatement, </div><div id="a370" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:501px;">whether due to error or fraud. The Plan is not required to have, nor were we<div style="display:inline-block;width:2.3px">&#160;</div>engaged to perform, an audit of its internal </div><div id="a372" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:518px;">control over financial reporting. As part of our audit we are required<div style="display:inline-block;width:2.3px">&#160;</div>to obtain an understanding of internal control over </div><div id="a373" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:534.8px;">financial reporting but not for the purpose of expressing an opinion on<div style="display:inline-block;width:2.2px">&#160;</div>the effectiveness of the Plan&#8217;s internal control over </div><div id="a375" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:551.8px;">financial reporting. Accordingly, we express no such opinion.<div style="display:inline-block;width:3.5px">&#160;</div></div><div id="a378" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:586.5px;">Our audit included performing procedures to assess the risks of material misstatement<div style="display:inline-block;width:2px">&#160;</div>of the financial statements, whether </div><div id="a380" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:603.3px;">due to error or fraud, and performing procedures that respond<div style="display:inline-block;width:2.3px">&#160;</div>to those risks. Such procedures included examining, on a </div><div id="a381" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:620.3px;">test basis, evidence regarding the amounts and disclosures in the financial<div style="display:inline-block;width:2.3px">&#160;</div>statements. Our audit also included evaluating </div><div id="a383" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:637.1px;">the accounting principles used and significant estimates made by management,<div style="display:inline-block;width:2px">&#160;</div>as well as evaluating the overall </div><div id="a384" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:653.9px;">presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.</div><div id="a392" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:742.3px;"><div style="display:inline-block;width:465.2px">&#160;</div>/s/ Ernst &amp; Young LLP</div><div id="a406" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:777.2px;">We served as the Plan&#8217;s<div style="display:inline-block;width:5.2px">&#160;</div>auditor from 2013 to 2020.</div><div id="a409" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:812px;">Tallahassee, Florida</div><div id="a411" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:828.8px;">June 25, 2021</div></div>
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<div id="a417" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:712.8px;top:991.2px;">3</div><div id="a419" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:247.7px;top:95.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a422" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:227.4px;top:130.9px;">Statements of Net Assets Available for Benefits </div><div id="a438" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:563.1px;top:186.3px;">December 31, </div><div id="a444" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:527.8px;top:218.9px;">2021 </div><div id="a448" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:654.9px;top:218.9px;">2020 </div><div id="a450" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:252.4px;">Assets </div><div id="a457" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:269.3px;">Investments at fair value </div><div id="a459" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:482.3px;top:269.3px;">$ </div><div id="a461" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:518.7px;top:269.3px;">49,773,148 </div><div id="a464" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:609.4px;top:269.6px;">$ </div><div id="a466" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:645.7px;top:269.3px;">43,700,762 </div><div id="a474" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:306px;">Total assets </div><div id="a477" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:518.7px;top:306px;">49,773,148 </div><div id="a481" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:645.7px;top:306px;">43,700,762 </div><div id="a489" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:342px;">Net assets available for benefits </div><div id="a491" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:482.3px;top:342px;">$ </div><div id="a493" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:518.7px;top:342px;">49,773,148 </div><div id="a496" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:609.4px;top:342px;">$ </div><div id="a498" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:645.7px;top:342px;">43,700,762 </div><div id="a506" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-style:italic;left:96px;top:377.4px;">See accompanying notes. </div></div>
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<div id="a514" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:712.8px;top:991.2px;">4 </div><div id="a516" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:246.7px;top:95.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a519" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:185.9px;top:130.9px;">Statement of Changes in Net Assets Available for Benefits </div><div id="a526" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:302.5px;top:166.1px;">Year<div style="display:inline-block;width:5.4px">&#160;</div>Ended December 31, 2021 </div><div id="a539" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:652.8px;top:234.9px;">2021 </div><div id="a541" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:268.4px;">Additions </div><div id="a546" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:300.7px;">Investment income:<div style="display:inline-block;width:3.2px">&#160;</div></div><div id="a551" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:114.1px;top:318.8px;">Dividends and interest income </div><div id="a554" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:606.2px;top:318.8px;">$ </div><div id="a556" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:662.1px;top:318.8px;">505,852 </div><div id="a558" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:114.1px;top:336.7px;">Net appreciation in fair value of investments </div><div id="a562" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:651px;top:336.7px;">5,537,667 </div><div id="a564" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:355.4px;">Total Investment Income </div><div id="a568" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:651px;top:355.4px;">6,043,519 </div><div id="a574" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:390.8px;">Contributions: </div><div id="a579" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:114.1px;top:408.7px;">Participants </div><div id="a583" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:651px;top:408.7px;">3,232,607 </div><div id="a585" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:114.1px;top:426.8px;">Employer </div><div id="a589" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:651px;top:426.8px;">1,048,368 </div><div id="a591" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:114.1px;top:444.7px;">Rollover </div><div id="a595" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:662.1px;top:444.7px;">489,774 </div><div id="a597" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:463.4px;">Total Contributions </div><div id="a601" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:651px;top:463.4px;">4,770,749 </div><div id="a607" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:498.8px;">Total Additions </div><div id="a611" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:643.7px;top:498.8px;">10,814,268 </div><div id="a617" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:535.1px;">Deductions </div><div id="a622" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:552.7px;">Benefit payments </div><div id="a626" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:651px;top:552.7px;">4,600,317 </div><div id="a628" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:570.8px;">Administrative expenses </div><div id="a632" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:662.1px;top:570.8px;">141,565 </div><div id="a634" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:589.4px;">Total deductions </div><div id="a638" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:651px;top:589.4px;">4,741,882 </div><div id="a640" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:607.5px;">Net increase </div><div id="a644" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:651px;top:607.5px;">6,072,386 </div><div id="a650" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:642.8px;">Net assets available for benefits at beginning of year </div><div id="a654" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:643.7px;top:642.8px;">43,700,762 </div><div id="a656" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:661.4px;">Net assets available for benefits at end of year </div><div id="a659" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:606.2px;top:661.4px;">$ </div><div id="a661" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:643.7px;top:661.4px;">49,773,148 </div><div id="a667" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-style:italic;left:96px;top:696.7px;">See accompanying notes. </div></div>
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<div id="a673" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:712.8px;top:991.2px;">5 </div><div id="a675" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:249.3px;top:95.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a678" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:296.2px;top:125.3px;">Notes to Financial Statements </div><div id="a680" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:345.2px;top:154.9px;">December 31, 2021 </div><div id="a684" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:210.9px;">1. 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<div id="a917" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:712.8px;top:991.2px;">6 </div><div id="a919" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:96.2px;">1. Description of Plan (continued) </div><div id="a924" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:130px;">Contributions </div><div id="a927" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:163.4px;">Each year,<div style="display:inline-block;width:5.8px">&#160;</div>participants may elect<div style="display:inline-block;width:5.9px">&#160;</div>to contribute<div style="display:inline-block;width:5.2px">&#160;</div>up to<div style="display:inline-block;width:5.2px">&#160;</div>100% of<div style="display:inline-block;width:5.4px">&#160;</div>pretax annual<div style="display:inline-block;width:5.1px">&#160;</div>compensation, as<div style="display:inline-block;width:5.1px">&#160;</div>defined in </div><div id="a961" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:180.2px;">the Plan<div style="display:inline-block;width:5.9px">&#160;</div>document and<div style="display:inline-block;width:5.8px">&#160;</div>subject to<div style="display:inline-block;width:5.9px">&#160;</div>certain limitations<div style="display:inline-block;width:5.6px">&#160;</div>under the<div style="display:inline-block;width:6px">&#160;</div>IRC.<div style="display:inline-block;width:9.4px">&#160;</div>Participants may<div style="display:inline-block;width:5.8px">&#160;</div>choose to<div style="display:inline-block;width:6.1px">&#160;</div>change </div><div id="a993" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:197px;">their deferral<div style="display:inline-block;width:5.7px">&#160;</div>percentage at<div style="display:inline-block;width:5.5px">&#160;</div>any time.<div style="display:inline-block;width:5.5px">&#160;</div>The Plan<div style="display:inline-block;width:5.8px">&#160;</div>also includes<div style="display:inline-block;width:5.7px">&#160;</div>an automatic<div 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style="display:inline-block;width:6px">&#160;</div>June<div style="display:inline-block;width:6.3px">&#160;</div>1,<div style="display:inline-block;width:6.1px">&#160;</div>2020,<div style="display:inline-block;width:6.2px">&#160;</div>automatic<div style="display:inline-block;width:6.1px">&#160;</div>contribution<div style="display:inline-block;width:6px">&#160;</div>was<div style="display:inline-block;width:6.1px">&#160;</div>extended<div style="display:inline-block;width:6.1px">&#160;</div>to<div style="display:inline-block;width:6.2px">&#160;</div>include<div style="display:inline-block;width:6.1px">&#160;</div>any<div style="display:inline-block;width:6.1px">&#160;</div>employees<div style="display:inline-block;width:6px">&#160;</div>not </div><div id="a1088" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:247.7px;">actively<div style="display:inline-block;width:8.9px">&#160;</div>deferring<div 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style="display:inline-block;width:5.7px">&#160;</div>a<div style="display:inline-block;width:5.6px">&#160;</div>cliff<div style="display:inline-block;width:5.8px">&#160;</div>basis).<div style="display:inline-block;width:11.1px">&#160;</div>Credited<div style="display:inline-block;width:5.7px">&#160;</div>service<div style="display:inline-block;width:5.5px">&#160;</div>for<div style="display:inline-block;width:5.6px">&#160;</div>vesting<div style="display:inline-block;width:5.5px">&#160;</div>purposes<div style="display:inline-block;width:5.6px">&#160;</div>requires<div style="display:inline-block;width:5.6px">&#160;</div>1,000 </div><div id="a1967" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:854.9px;">hours during the Plan year. </div><div id="a1978" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:888.6px;">A participant becomes fully vested in his or her account balance upon retirement,<div style="display:inline-block;width:2px">&#160;</div>death or disability. </div><div id="a2010" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:905.6px;"><div style="display:inline-block;width:51.7px">&#160;</div></div></div>
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<div id="a2013" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:249.3px;top:47.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a2015" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:250.9px;top:77.3px;">Notes to Financial Statements (continued) </div><div id="a2019" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:712.8px;top:991.2px;">7</div><div id="a2021" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:135.4px;">1.<div style="display:inline-block;width:11px">&#160;</div>Description of Plan (continued) </div><div id="a2032" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:169.2px;">Forfeitures </div><div id="a2035" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:202.6px;">Forfeitures<div style="display:inline-block;width:7.2px">&#160;</div>are<div style="display:inline-block;width:7.3px">&#160;</div>used<div style="display:inline-block;width:7.3px">&#160;</div>to<div style="display:inline-block;width:7.3px">&#160;</div>reduce<div style="display:inline-block;width:7.4px">&#160;</div>the<div style="display:inline-block;width:7.3px">&#160;</div>employer<div style="display:inline-block;width:7.1px">&#160;</div>contributions<div style="display:inline-block;width:7.1px">&#160;</div>and/or<div style="display:inline-block;width:7.2px">&#160;</div>pay<div style="display:inline-block;width:7.2px">&#160;</div>Plan<div style="display:inline-block;width:7.3px">&#160;</div>administrative<div style="display:inline-block;width:7.2px">&#160;</div>expenses. </div><div id="a2061" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:219.4px;">Unallocated<div style="display:inline-block;width:6.8px">&#160;</div>forfeited<div style="display:inline-block;width:6.8px">&#160;</div>balances<div style="display:inline-block;width:6.8px">&#160;</div>as<div style="display:inline-block;width:6.9px">&#160;</div>of<div style="display:inline-block;width:6.9px">&#160;</div>December 31,<div style="display:inline-block;width:6.6px">&#160;</div>2021<div style="display:inline-block;width:7.1px">&#160;</div>and<div style="display:inline-block;width:6.9px">&#160;</div>2020<div style="display:inline-block;width:6.9px">&#160;</div>were<div style="display:inline-block;width:6.8px">&#160;</div>approximately<div style="display:inline-block;width:6.7px">&#160;</div>$21,900<div style="display:inline-block;width:6.7px">&#160;</div>and </div><div id="a2089" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:236.2px;">$1,300 respectively. 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style="display:inline-block;width:5.6px">&#160;</div>reason,<div style="display:inline-block;width:5.6px">&#160;</div>a<div style="display:inline-block;width:5.8px">&#160;</div>participant<div style="display:inline-block;width:5.4px">&#160;</div>(or<div style="display:inline-block;width:5.7px">&#160;</div>their </div><div id="a2158" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:320.5px;">beneficiary in the event of death) will,<div style="display:inline-block;width:5.1px">&#160;</div>upon request, receive a lump-sum amount equal to the value<div style="display:inline-block;width:5.1px">&#160;</div>of the </div><div id="a2198" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:337.5px;">vested<div style="display:inline-block;width:5.3px">&#160;</div>interest<div style="display:inline-block;width:5.2px">&#160;</div>in<div style="display:inline-block;width:5.4px">&#160;</div>his<div 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style="display:inline-block;width:6px">&#160;</div>or<div style="display:inline-block;width:5px">&#160;</div>reaching age<div style="display:inline-block;width:6.2px">&#160;</div>59 &#189;.<div style="display:inline-block;width:11.4px">&#160;</div>Participants that<div style="display:inline-block;width:6px">&#160;</div>are qualified<div style="display:inline-block;width:6.2px">&#160;</div>reservists and </div><div id="a2263" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:371.3px;">are called upon for active duty for more than 179 days or an indefinite<div style="display:inline-block;width:2.3px">&#160;</div>period may receive a distribution. </div><div id="a2303" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:405.2px;">Administrative Expenses </div><div id="a2308" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:438.6px;">The Plan&#8217;s<div 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style="display:inline-block;width:5.1px">&#160;</div>of the<div style="display:inline-block;width:5.3px">&#160;</div>Plan&#8217;s </div><div id="a2367" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:472.4px;">investments are charged to the particular investment fund and/or participant to which<div style="display:inline-block;width:2.3px">&#160;</div>the expense relates. </div><div id="a2398" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:508.2px;">Plan Termination </div><div id="a2403" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:541.7px;">Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue </div><div id="a2443" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:558.5px;">its<div style="display:inline-block;width:7.7px">&#160;</div>contributions<div style="display:inline-block;width:7.3px">&#160;</div>at<div style="display:inline-block;width:7.5px">&#160;</div>any<div style="display:inline-block;width:7.4px">&#160;</div>time<div style="display:inline-block;width:7.5px">&#160;</div>and<div style="display:inline-block;width:7.5px">&#160;</div>to<div style="display:inline-block;width:7.6px">&#160;</div>terminate<div style="display:inline-block;width:7.6px">&#160;</div>the<div style="display:inline-block;width:7.5px">&#160;</div>Plan<div style="display:inline-block;width:7.6px">&#160;</div>subject<div style="display:inline-block;width:7.4px">&#160;</div>to<div style="display:inline-block;width:7.6px">&#160;</div>the<div style="display:inline-block;width:7.5px">&#160;</div>provisions<div style="display:inline-block;width:7.3px">&#160;</div>of<div style="display:inline-block;width:7.6px">&#160;</div>the<div style="display:inline-block;width:7.6px">&#160;</div>Employee </div><div id="a2477" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:575.5px;">Retirement<div style="display:inline-block;width:7.6px">&#160;</div>Income<div style="display:inline-block;width:7.2px">&#160;</div>Security<div style="display:inline-block;width:7.6px">&#160;</div>Act<div style="display:inline-block;width:7.7px">&#160;</div>of<div style="display:inline-block;width:7.6px">&#160;</div>1974,<div style="display:inline-block;width:7.5px">&#160;</div>as<div style="display:inline-block;width:7.7px">&#160;</div>amended<div style="display:inline-block;width:7.4px">&#160;</div>(ERISA).<div style="display:inline-block;width:7.3px">&#160;</div>In<div style="display:inline-block;width:7.4px">&#160;</div>the<div style="display:inline-block;width:7.8px">&#160;</div>event<div style="display:inline-block;width:7.6px">&#160;</div>of<div style="display:inline-block;width:7.6px">&#160;</div>Plan<div style="display:inline-block;width:7.6px">&#160;</div>termination, </div><div 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<div id="Page12" style="background-color:RGB(255, 255, 255);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:816px;height:1056px;">
<div id="a2535" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:249.3px;top:47.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a2537" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:250.9px;top:77.3px;">Notes to Financial Statements (continued) </div><div id="a2541" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:712.8px;top:991.2px;">8</div><div id="a2543" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:135.4px;">2. 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Net appreciation /<div style="display:inline-block;width:5.1px">&#160;</div>(depreciation) include the Plan&#8217;s gains </div><div id="a2918" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:590.5px;">and losses on investments bought and sold as well as held during the year. </div><div id="a2947" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:624.6px;">Recent Accounting Pronouncements </div><div id="a2954" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:658px;">Presently,<div style="display:inline-block;width:6.2px">&#160;</div>Plan<div style="display:inline-block;width:5.4px">&#160;</div>management is<div style="display:inline-block;width:6.7px">&#160;</div>not<div style="display:inline-block;width:5.4px">&#160;</div>aware<div style="display:inline-block;width:5.2px">&#160;</div>of<div style="display:inline-block;width:5.3px">&#160;</div>any<div style="display:inline-block;width:5.3px">&#160;</div>recent<div style="display:inline-block;width:5.2px">&#160;</div>accounting<div style="display:inline-block;width:5.2px">&#160;</div>pronouncements from<div style="display:inline-block;width:6.5px">&#160;</div>the<div style="display:inline-block;width:5.5px">&#160;</div>Financial </div><div id="a2982" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:674.8px;">Accounting<div style="display:inline-block;width:5.4px">&#160;</div>Standards<div style="display:inline-block;width:5.6px">&#160;</div>Board<div style="display:inline-block;width:5.5px">&#160;</div>that<div style="display:inline-block;width:5.6px">&#160;</div>will<div style="display:inline-block;width:5.6px">&#160;</div>have<div style="display:inline-block;width:5.5px">&#160;</div>a<div style="display:inline-block;width:5.6px">&#160;</div>material<div style="display:inline-block;width:5.5px">&#160;</div>impact<div style="display:inline-block;width:5.6px">&#160;</div>on<div style="display:inline-block;width:5.6px">&#160;</div>the<div style="display:inline-block;width:5.7px">&#160;</div>Plan&#8217;s<div style="display:inline-block;width:6.3px">&#160;</div>present<div style="display:inline-block;width:5.5px">&#160;</div>or<div style="display:inline-block;width:5.5px">&#160;</div>future<div style="display:inline-block;width:5.5px">&#160;</div>financial </div><div id="a3015" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:691.6px;">statements. </div></div>
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<div id="Page13" style="background-color:RGB(255, 255, 255);position:relative;margin-left:auto;margin-right:auto;overflow:hidden;border-style:solid;border-width:thin;border-color:RGB(198, 198, 198);page-break-after:always;width:816px;height:1056px;">
<div id="a3019" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:249.3px;top:47.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a3021" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:250.9px;top:77.3px;">Notes to Financial Statements (continued) </div><div id="a3025" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:712.8px;top:991.2px;">9</div><div id="a3027" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:135.4px;">3. Fair Value Measurements </div><div id="a3036" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:168.8px;">Fair value is defined as the<div style="display:inline-block;width:5.2px">&#160;</div>price that would be received to<div style="display:inline-block;width:5.2px">&#160;</div>sell an asset or paid to<div style="display:inline-block;width:5.1px">&#160;</div>transfer a liability in an </div><div id="a3082" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:185.6px;">orderly<div style="display:inline-block;width:5.8px">&#160;</div>transaction<div style="display:inline-block;width:5.8px">&#160;</div>between<div style="display:inline-block;width:5.7px">&#160;</div>market<div style="display:inline-block;width:5.7px">&#160;</div>participants<div style="display:inline-block;width:5.9px">&#160;</div>on<div style="display:inline-block;width:5.8px">&#160;</div>the<div style="display:inline-block;width:5.9px">&#160;</div>measurement<div style="display:inline-block;width:5.7px">&#160;</div>date<div style="display:inline-block;width:5.9px">&#160;</div>(i.e., an<div style="display:inline-block;width:5.8px">&#160;</div>exit<div style="display:inline-block;width:6px">&#160;</div>price).<div style="display:inline-block;width:5.7px">&#160;</div>The<div style="display:inline-block;width:5.9px">&#160;</div>fair </div><div id="a3112" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:202.6px;">value<div style="display:inline-block;width:5.2px">&#160;</div>hierarchy<div style="display:inline-block;width:5.1px">&#160;</div>prioritizes the<div style="display:inline-block;width:6.5px">&#160;</div>inputs<div style="display:inline-block;width:5.3px">&#160;</div>to<div style="display:inline-block;width:5.2px">&#160;</div>valuation<div style="display:inline-block;width:5.1px">&#160;</div>techniques<div style="display:inline-block;width:5.1px">&#160;</div>used<div style="display:inline-block;width:5.2px">&#160;</div>to<div style="display:inline-block;width:5.2px">&#160;</div>measure<div style="display:inline-block;width:5px">&#160;</div>fair<div style="display:inline-block;width:5.3px">&#160;</div>value. 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The<div style="display:inline-block;width:5.2px">&#160;</div>NAV<div style="display:inline-block;width:6.4px">&#160;</div>is based<div style="display:inline-block;width:5.5px">&#160;</div>on the </div><div id="a3947" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:865.6px;">fair value of the underlying investments<div style="display:inline-block;width:4.6px">&#160;</div>held by the fund less its liabilities. This<div style="display:inline-block;width:5.1px">&#160;</div>practical expedient is not </div><div id="a3984" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:882.5px;">used when<div style="display:inline-block;width:5.9px">&#160;</div>it is<div style="display:inline-block;width:6px">&#160;</div>determined to<div style="display:inline-block;width:5.6px">&#160;</div>be probable<div style="display:inline-block;width:5.8px">&#160;</div>that the<div style="display:inline-block;width:5.9px">&#160;</div>fund will<div style="display:inline-block;width:6px">&#160;</div>sell the<div style="display:inline-block;width:5.7px">&#160;</div>investment for<div style="display:inline-block;width:5.8px">&#160;</div>an amount<div style="display:inline-block;width:5.8px">&#160;</div>different </div><div id="a4022" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:899.3px;">than the reported </div><div id="a4028" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:199.2px;top:899.3px;letter-spacing:0.72px;">NAV. </div><div id="a4030" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:238.3px;top:899.3px;">Participant transactions (purchased and sales) may occur daily.</div></div>
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<div id="a4048" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:249.3px;top:47.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a4050" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:250.9px;top:77.3px;">Notes to Financial Statements (continued) </div><div id="a4054" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:705.4px;top:991.2px;">10</div><div id="a4056" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:135.4px;">3. Fair Value Measurements (continued) </div><div id="a4062" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:168.8px;">The<div style="display:inline-block;width:5.4px">&#160;</div>following<div style="display:inline-block;width:5.2px">&#160;</div>tables<div style="display:inline-block;width:5.2px">&#160;</div>set<div style="display:inline-block;width:5.4px">&#160;</div>forth<div style="display:inline-block;width:5.3px">&#160;</div>by<div style="display:inline-block;width:5.3px">&#160;</div>level,<div style="display:inline-block;width:5.3px">&#160;</div>within<div style="display:inline-block;width:5.1px">&#160;</div>the<div style="display:inline-block;width:5.4px">&#160;</div>fair<div style="display:inline-block;width:5.3px">&#160;</div>value<div style="display:inline-block;width:5.2px">&#160;</div>hierarchy,<div style="display:inline-block;width:6px">&#160;</div>the<div style="display:inline-block;width:5.5px">&#160;</div>Plan&#8217;s<div style="display:inline-block;width:5.9px">&#160;</div>assets<div style="display:inline-block;width:5.2px">&#160;</div>carried<div style="display:inline-block;width:5.2px">&#160;</div>at<div style="display:inline-block;width:5.4px">&#160;</div>fair </div><div id="a4063" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:185.6px;">value. </div><div id="a4072" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:465.2px;top:220.8px;">December 31, 2021 </div><div id="a4078" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:351.4px;top:240.2px;">Level 1 </div><div id="a4083" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:452.9px;top:240.2px;">Level 2 </div><div id="a4088" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:551px;top:240.2px;">Level 3 </div><div id="a4093" style="position:absolute;font-family:&apos;Times 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Roman&apos;;left:618.9px;top:257.8px;">$ </div><div id="a4111" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:653.7px;top:257.8px;">2,005,671 </div><div id="a4113" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:274.6px;">Mutual funds </div><div id="a4116" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:345.3px;top:274.6px;">10,578,377 </div><div id="a4119" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:504.4px;top:274.6px;">- </div><div id="a4122" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:602.5px;top:274.6px;">- </div><div id="a4125" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:646.4px;top:274.6px;">10,578,377 </div><div id="a4127" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:292.5px;">Collective investment trusts</div><div id="a4129" style="position:absolute;font-family:&apos;Times New 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Roman&apos;;left:504.4px;top:311.2px;">- </div><div id="a4152" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:520.9px;top:311.2px;">$ </div><div id="a4154" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:602.5px;top:311.2px;">- </div><div id="a4156" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:618.9px;top:311.2px;">$ </div><div id="a4158" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:646.4px;top:311.2px;">49,773,148 </div><div id="a4163" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:461.2px;top:348.7px;">December 31, 2020 </div><div id="a4169" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:347.4px;top:368.1px;">Level 1 </div><div id="a4174" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:448.9px;top:368.1px;">Level 2 </div><div id="a4179" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:547px;top:368.1px;">Level 3 </div><div id="a4184" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:654.4px;top:368.1px;">Total </div><div id="a4186" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:385.8px;">Company common stock </div><div id="a4188" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:313.8px;top:385.8px;">$ </div><div id="a4190" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:348.7px;top:385.8px;">1,893,276 </div><div id="a4192" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:418.8px;top:385.8px;">$ </div><div id="a4194" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:500.4px;top:385.8px;">- </div><div id="a4196" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:516.9px;top:385.8px;">$ </div><div id="a4198" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:598.5px;top:385.8px;">- </div><div id="a4200" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:614.9px;top:385.8px;">$ </div><div id="a4202" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:649.7px;top:385.8px;">1,893,276 </div><div id="a4204" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:402.5px;">Mutual funds </div><div id="a4207" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:348.7px;top:402.5px;">8,748,324 </div><div id="a4210" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:500.4px;top:402.5px;">- </div><div id="a4213" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:598.5px;top:402.5px;">- </div><div id="a4216" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:649.7px;top:402.5px;">8,748,324 </div><div id="a4218" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:420.4px;">Collective investment trusts</div><div id="a4219" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:9.28px;left:262.6px;top:420.1px;">(a)</div><div id="a4222" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:402.5px;top:420.4px;">- </div><div id="a4225" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:500.4px;top:420.4px;">- </div><div id="a4228" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:598.5px;top:420.4px;">- </div><div id="a4231" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:642.4px;top:420.4px;">33,059,162 </div><div id="a4234" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:313.8px;top:439.1px;">$ </div><div id="a4236" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:341.3px;top:439.1px;">10,641,600 </div><div id="a4238" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:418.8px;top:439.1px;">$ </div><div id="a4240" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:500.4px;top:439.1px;">- </div><div id="a4242" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:516.9px;top:439.1px;">$ </div><div id="a4244" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:598.5px;top:439.1px;">- </div><div id="a4246" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:614.9px;top:439.1px;">$ </div><div id="a4248" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:642.4px;top:439.1px;">43,700,762 </div><div id="a4259" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:9.28px;left:98.8px;top:474.2px;">(a)</div><div id="a4260" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:109px;top:474.5px;"><div style="display:inline-block;width:3.7px">&#160;</div>These investments are valued based on NAV per unit, as provided by the trustee of the fund as </div><div id="a4263" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:491.4px;"><div style="display:inline-block;width:18.4px">&#160;</div>a practical expedient, and have not been classified in the fair value<div style="display:inline-block;width:2.2px">&#160;</div>hierarchy.<div style="display:inline-block;width:7.9px">&#160;</div>The fair value </div><div id="a4266" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:508.4px;"><div style="display:inline-block;width:18.4px">&#160;</div>amounts are provided to reconcile to the statement of net assets available<div style="display:inline-block;width:2.1px">&#160;</div>for benefits. </div><div id="a4270" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:542.6px;">4. 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<div id="a4323" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:249.3px;top:47.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a4325" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:250.9px;top:77.3px;">Notes to Financial Statements (continued) </div><div id="a4329" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:705.4px;top:991.2px;">11</div><div id="a4331" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:135.4px;">6. Tax Status </div><div id="a4335" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:168.8px;">The underlying prototype plan has received opinion letters from the Internal Revenue Service<div style="display:inline-block;width:5.1px">&#160;</div>(IRS) dated </div><div id="a4366" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:185.6px;">March 31, 2014, and June 30,<div style="display:inline-block;width:5.2px">&#160;</div>2020, stating that the written form<div style="display:inline-block;width:5.1px">&#160;</div>of the underlying prototype document is </div><div id="a4402" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:202.6px;">qualified under<div style="display:inline-block;width:5.2px">&#160;</div>Section 401 of<div style="display:inline-block;width:5.9px">&#160;</div>the IRC.<div style="display:inline-block;width:5.1px">&#160;</div>Any employer<div style="display:inline-block;width:5.3px">&#160;</div>adopting this<div style="display:inline-block;width:5.2px">&#160;</div>form of<div style="display:inline-block;width:5px">&#160;</div>the plan<div style="display:inline-block;width:5.5px">&#160;</div>will be<div style="display:inline-block;width:5.3px">&#160;</div>considered </div><div id="a4439" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:219.4px;">to<div style="display:inline-block;width:5.5px">&#160;</div>have<div style="display:inline-block;width:5.3px">&#160;</div>a<div style="display:inline-block;width:5.5px">&#160;</div>plan<div style="display:inline-block;width:5.2px">&#160;</div>qualified<div style="display:inline-block;width:5.3px">&#160;</div>under<div style="display:inline-block;width:5.4px">&#160;</div>Section<div style="display:inline-block;width:5.1px">&#160;</div>401<div style="display:inline-block;width:5.4px">&#160;</div>of<div style="display:inline-block;width:5.3px">&#160;</div>the<div style="display:inline-block;width:5.4px">&#160;</div>Code,<div style="display:inline-block;width:5.3px">&#160;</div>and,<div style="display:inline-block;width:5.3px">&#160;</div>therefore,<div style="display:inline-block;width:5.1px">&#160;</div>the<div style="display:inline-block;width:5.4px">&#160;</div>related<div style="display:inline-block;width:5.2px">&#160;</div>trust<div style="display:inline-block;width:5.4px">&#160;</div>is<div style="display:inline-block;width:5.4px">&#160;</div>tax-exempt. </div><div id="a4477" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:236.2px;">Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualified<div style="display:inline-block;width:2.3px">&#160;</div>status. </div><div id="a4514" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:253.2px;">The plan administrator believes the Plan is being operated in compliance with the applicable requirements </div><div id="a4544" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:270px;">of the Code and, therefore, believes the Plan is qualified and the<div style="display:inline-block;width:2.3px">&#160;</div>related trust is tax exempt.<div style="display:inline-block;width:3.2px">&#160;</div></div><div id="a4581" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:303.7px;">Accounting<div style="display:inline-block;width:5.1px">&#160;</div>principles generally<div style="display:inline-block;width:6.4px">&#160;</div>accepted in<div style="display:inline-block;width:6.5px">&#160;</div>the<div style="display:inline-block;width:5.2px">&#160;</div>United<div style="display:inline-block;width:5.1px">&#160;</div>States<div style="display:inline-block;width:5px">&#160;</div>require<div style="display:inline-block;width:5.2px">&#160;</div>plan<div style="display:inline-block;width:5.1px">&#160;</div>management to<div style="display:inline-block;width:6.5px">&#160;</div>evaluate tax </div><div id="a4609" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:320.5px;">positions taken<div style="display:inline-block;width:6.2px">&#160;</div>by the<div style="display:inline-block;width:6.2px">&#160;</div>Plan and<div style="display:inline-block;width:6.2px">&#160;</div>recognize a<div style="display:inline-block;width:6.2px">&#160;</div>tax<div style="display:inline-block;width:5.1px">&#160;</div>liability if<div style="display:inline-block;width:6px">&#160;</div>the<div style="display:inline-block;width:5.1px">&#160;</div>Plan<div style="display:inline-block;width:5px">&#160;</div>has taken<div style="display:inline-block;width:6.1px">&#160;</div>an uncertain<div style="display:inline-block;width:6.1px">&#160;</div>position that </div><div id="a4647" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:337.5px;">more likely than not would not be sustained upon examination by the IRS. Plan management<div style="display:inline-block;width:2.2px">&#160;</div>has analyzed </div><div id="a4681" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:354.3px;">the<div style="display:inline-block;width:6.2px">&#160;</div>tax<div style="display:inline-block;width:6.2px">&#160;</div>positions<div style="display:inline-block;width:5.9px">&#160;</div>taken<div style="display:inline-block;width:6px">&#160;</div>by<div style="display:inline-block;width:6.1px">&#160;</div>the<div style="display:inline-block;width:6.2px">&#160;</div>Plan,<div style="display:inline-block;width:6px">&#160;</div>and<div style="display:inline-block;width:6.1px">&#160;</div>has<div style="display:inline-block;width:6.1px">&#160;</div>concluded<div style="display:inline-block;width:5.8px">&#160;</div>that<div style="display:inline-block;width:6.1px">&#160;</div>there<div style="display:inline-block;width:6.1px">&#160;</div>are<div style="display:inline-block;width:6px">&#160;</div>no<div style="display:inline-block;width:6.1px">&#160;</div>uncertain<div style="display:inline-block;width:6px">&#160;</div>positions<div style="display:inline-block;width:6.1px">&#160;</div>taken<div style="display:inline-block;width:5.9px">&#160;</div>or </div><div id="a4718" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:371.3px;">expected to be taken. The Plan is subject to routine audits by taxing<div style="display:inline-block;width:2.3px">&#160;</div>jurisdictions; however, currently there </div><div id="a4752" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:388.1px;">are no audits for any tax periods in progress. </div></div>
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<div id="a4784" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:753.4px;top:991.2px;">13 </div><div id="a4786" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:246.7px;top:81.6px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a4793" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:291.1px;top:111.8px;">Plan No. 003 EIN 59-2273542 </div><div id="a4802" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:168.2px;top:141.7px;">Schedule H, Line 4i - Schedule of Assets (Held at End of Year) </div><div id="a4812" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:347.7px;top:171.7px;">December 31, 2021 </div><div id="a4819" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:58.7px;top:210.3px;">Identity of Issue, Borrower, </div><div id="a4820" style="position:absolute;font-family:&apos;Times 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Roman&apos;;left:248px;top:326.2px;">Small Cap Value<div style="display:inline-block;width:5.1px">&#160;</div>Insights R6, 1,624 shares </div><div id="a4874" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:326.5px;">** </div><div id="a4877" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:717.4px;top:326.2px;">94,389 </div><div id="a4879" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:342.2px;">Fidelity </div><div id="a4881" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:342.2px;">Emerging Markets Index, 49,205 shares </div><div id="a4883" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:342.5px;">** </div><div id="a4886" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:342.2px;">594,884 </div><div id="a4888" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:358.2px;">Franklin Templeton </div><div id="a4890" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:358.2px;">Franklin Utilities R6, 9,954 shares </div><div id="a4892" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:358.5px;">** </div><div id="a4895" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:358.2px;">221,272 </div><div id="a4897" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:374.2px;">Touchstone </div><div id="a4899" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:374.2px;">Mid Cap Y,<div style="display:inline-block;width:5.4px">&#160;</div>8,781 shares </div><div id="a4901" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:374.5px;">** </div><div id="a4904" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:374.2px;">435,615 </div><div id="a4906" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:390.2px;">MFS </div><div id="a4908" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:390.2px;">Mid Cap Value<div style="display:inline-block;width:5.1px">&#160;</div>R6, 2,884 shares </div><div id="a4910" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:390.5px;">** </div><div id="a4913" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:717.4px;top:390.2px;">93,528 </div><div id="a4915" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:406.2px;">JP Morgan </div><div id="a4917" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:406.2px;">100% U.S. Treas Sec MM Inst, 2,589,740 shares </div><div id="a4919" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:406.5px;">** </div><div id="a4922" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:406.2px;">2,610,312 </div><div id="a4924" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:422.2px;">Principal </div><div id="a4926" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:422.2px;">Government &amp; High Qual Bd Inst, 4,507 shares </div><div id="a4928" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:422.5px;">** </div><div id="a4931" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:717.4px;top:422.2px;">46,239 </div><div id="a4933" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:438.2px;">MFS </div><div id="a4935" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:438.2px;">Md Cap Growth R6, 17,048 shares </div><div id="a4937" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:438.5px;">** </div><div id="a4940" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:438.2px;">571,780 </div><div id="a4942" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:454.2px;">Vanguard </div><div id="a4944" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:454.2px;">Mid Cap Index Fund - Admiral, 3,837 shares </div><div id="a4951" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:454.5px;">** </div><div id="a4954" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:454.2px;">1,210,276 </div><div id="a4956" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:470.2px;">Fidelity </div><div id="a4958" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:470.2px;">Advisor Growth Opps Z, 4,241 shares </div><div id="a4960" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:470.5px;">** </div><div id="a4963" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:470.2px;">679,740 </div><div id="a4965" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:486.2px;">Victory </div><div id="a4967" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:486.2px;">High Yield Y,<div style="display:inline-block;width:6.3px">&#160;</div>49,529 shares </div><div id="a4969" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:486.5px;">** </div><div id="a4972" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:486.2px;">334,818 </div><div id="a4974" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:502.2px;">T. Rowe Price </div><div id="a4976" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:502.2px;">U.S. Equity Research, 5,274 shares </div><div id="a4978" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:502.5px;">** </div><div id="a4981" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:502.2px;">238,525 </div><div id="a4983" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:518.2px;">Blackrock </div><div id="a4985" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:518.2px;">Advantage Small Cap Core K, 16,351 shares </div><div id="a4988" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:518.5px;">** </div><div id="a4991" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:518.2px;">301,679 </div><div id="a4993" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:534.2px;">Vanguard </div><div id="a4995" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:534.2px;">Equity Income ADM, 3,362 shares </div><div id="a4997" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:534.5px;">** </div><div id="a5000" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:534.2px;">310,040 </div><div id="a5002" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:550.8px;">Total </div><div id="a5007" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:691.7px;top:550.8px;">10,578,377 </div><div id="a5014" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:582.2px;">Collective investment trusts: </div><div id="a5020" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:598.2px;">Blackrock </div><div id="a5022" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:598.2px;">Equity Index Fund R, 6,540 shares </div><div id="a5024" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:598.5px;">** </div><div id="a5027" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:598.2px;">4,215,975 </div><div id="a5029" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:614.2px;">Blackrock </div><div id="a5031" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:614.2px;">LifePath Index 2025 Fund CL 35, 153,532 shares </div><div id="a5034" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:614.5px;">** </div><div id="a5037" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:614.2px;">4,648,950 </div><div id="a5039" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:630.2px;">Blackrock </div><div id="a5041" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:630.2px;">LifePath Index 2030 Fund CL 35, 130,397 shares </div><div id="a5043" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:630.5px;">** </div><div id="a5046" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:630.2px;">4,385,245 </div><div id="a5048" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:646.2px;">Blackrock </div><div id="a5050" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:646.2px;">LifePath Index 2035 Fund CL 35, 156,277 shares </div><div id="a5052" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:646.5px;">** </div><div id="a5055" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:646.2px;">5,766,631 </div><div id="a5057" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:662.2px;">Blackrock </div><div id="a5059" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:662.2px;">LifePath Index 2040 Fund CL 35, 104,901 shares </div><div id="a5061" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:662.5px;">** </div><div id="a5064" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:662.2px;">4,154,087 </div><div id="a5066" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:678.2px;">Blackrock </div><div id="a5068" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:678.2px;">LifePath Index 2045 Fund CL 35, 58,867 shares </div><div id="a5070" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:678.5px;">** </div><div id="a5073" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:678.2px;">2,490,672 </div><div id="a5075" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:694.2px;">Blackrock </div><div id="a5077" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:694.2px;">LifePath Index 2050 Fund CL 35, 43,276 shares </div><div id="a5079" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:694.5px;">** </div><div id="a5082" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:694.2px;">1,840,982 </div><div id="a5084" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:710.2px;">Blackrock </div><div id="a5086" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:710.2px;">LifePath Index 2055 CL 35, 72,775 shares </div><div id="a5088" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:710.5px;">** </div><div id="a5091" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:710.2px;">1,596,683 </div><div id="a5093" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:726.2px;">Blackrock </div><div id="a5095" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:726.2px;">LifePath Index 2060 CL 35, 14,845 shares </div><div id="a5097" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:726.5px;">** </div><div id="a5100" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:726.2px;">313,969 </div><div id="a5102" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:742.2px;">Blackrock </div><div id="a5104" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:742.2px;">LifePath Index 2065 Fund CL 35, 8,842 shares </div><div id="a5106" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:742.5px;">** </div><div id="a5109" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:742.2px;">118,748 </div><div id="a5111" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:758.2px;">Blackrock </div><div id="a5113" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:758.2px;">LifePath Index Retire CL 35, 153,319 shares </div><div id="a5115" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:758.5px;">** </div><div id="a5118" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:758.2px;">3,346,960 </div><div id="a5120" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:774.2px;">Blackrock </div><div id="a5122" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:774.2px;">MSCI ACWI ex-U.S. Index R, 46,325 shares </div><div id="a5126" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:774.5px;">** </div><div id="a5129" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:774.2px;">747,218 </div><div id="a5131" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:790.2px;">Blackrock </div><div id="a5133" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:790.2px;">Russell 1000 Growth R, 59,154 shares </div><div id="a5135" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:790.5px;">** </div><div id="a5138" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:790.2px;">1,927,227 </div><div id="a5140" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:806.2px;">Blackrock </div><div id="a5142" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:806.2px;">Russell 1000 Value<div style="display:inline-block;width:5.1px">&#160;</div>Index Fund R, 37,176 shares </div><div id="a5144" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:806.5px;">** </div><div id="a5147" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:806.2px;">726,789 </div><div id="a5149" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:822.2px;">Blackrock </div><div id="a5151" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:822.2px;">Russell 2000 Index Fund R, 3,525 shares </div><div id="a5153" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:822.5px;">** </div><div id="a5156" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:710.1px;top:822.2px;">908,964 </div><div id="a5158" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:838.9px;">Total </div><div id="a5163" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:691.7px;top:838.9px;">37,189,100 </div><div id="a5170" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:870.2px;">Company common stock: </div><div id="a5176" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:886.2px;">*Capital City Bank Group, Inc. </div><div id="a5178" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:886.2px;">Capital City Bank Group Stock, 75,972 shares </div><div id="a5181" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:644.6px;top:886.5px;">** </div><div id="a5184" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:699px;top:886.2px;">2,005,671 </div><div id="a5189" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:674.2px;top:902.9px;">$ </div><div id="a5191" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:691.7px;top:902.9px;">49,773,148 </div><div id="a5198" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:928.1px;">* Party-in-interest </div><div id="a5208" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:944.1px;">** Participant-directed investment, cost not required </div></div>
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<div id="a5217" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:239.4px;top:96.2px;">CAPITAL CITY BANK GROUP,<div style="display:inline-block;width:5.5px">&#160;</div>INC. 401(K) PLAN</div><div id="a5219" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:351.1px;top:113px;">EXHIBIT INDEX</div><div id="a5222" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:147.6px;">Exhibit<div style="display:inline-block;width:7.4px">&#160;</div>No.<div style="display:inline-block;width:23.6px">&#160;</div>Document</div><div id="a5227" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:182.3px;">23.1*<div style="display:inline-block;width:14.9px">&#160;</div></div><div id="a5230" style="position:absolute;font-family:&apos;Times New Roman&apos;;color:#0000FF;left:192px;top:182.3px;"><a href="exhibit231.htm" style="color:#0000FF;text-decoration:underline;">Consent of FORVIS, LLP,<div style="display:inline-block;width:5.9px;text-decoration:underline">&#160;</div>Independent Registered Certified Public Accounting Firm</a></div><div id="a5232" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:199.1px;">23.2* </div><div id="a5234" style="position:absolute;font-family:&apos;Times New Roman&apos;;color:#0000FF;left:192px;top:199.1px;"><a href="exhibit232.htm" style="color:#0000FF;text-decoration:underline;">Consent of Ernst &amp; Young LLP,<div style="display:inline-block;width:6.2px;text-decoration:underline">&#160;</div>Independent Registered Certified Public Accounting </a></div><div id="a5235" style="position:absolute;font-family:&apos;Times New Roman&apos;;color:#0000FF;left:192px;top:216px;"><a href="exhibit232.htm" style="color:#0000FF;text-decoration:underline;">Firm</a></div><div id="a5238" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:250.8px;">*Filed herewith</div></div>
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<div id="a5244" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:360.4px;top:96.2px;">SIGNATURES</div><div id="a5247" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-style:italic;left:96px;top:130.6px;">The Plan. </div><div id="a5248" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:156.8px;top:130.6px;">Pursuant to the requirements of the Securities Exchange Act of 1934,<div style="display:inline-block;width:2.2px">&#160;</div>the trustees (or other </div><div id="a5252" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:147.6px;">persons who administer the employee benefit plan) have duly caused<div style="display:inline-block;width:2.3px">&#160;</div>this annual report to be signed on its </div><div id="a5253" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:164.4px;">behalf by the undersigned hereunto duly authorized.</div><div id="a5256" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:199.4px;">CAPITAL CITY BANK GROUP,<div style="display:inline-block;width:5.5px">&#160;</div>INC. 401(K) PLAN</div><div id="a5261" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:232.8px;">By: /s/Beth Corum</div><div id="a5264" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:249.8px;"><div style="display:inline-block;width:18.4px">&#160;</div>Beth Corum, Chief Operating Officer</div><div id="a5267" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:266.6px;"><div style="display:inline-block;width:18.4px">&#160;</div>Capital City Bank Group, Inc.</div><div id="a5270" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:283.4px;"><div style="display:inline-block;width:18.4px">&#160;</div>Retirement Committee, Chairman</div><div id="a5275" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:317.2px;">Dated: June 27, 2022</div></div>
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<div id="a2" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:95.9px;">Exhibit 23.1 </div><div id="a6" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:232px;top:146.4px;">Consent of Independent Registered Public Accounting Firm </div><div id="a9" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:180.2px;">Board of Directors </div><div id="a11" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:197px;">Capital City Bank Group, Inc. </div><div id="a15" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:247.7px;">We hereby consent to the incorporation by reference in the Registration Statement (No. 333-36693) on </div><div id="a19" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:267.1px;">Form S-8 of Capital City Bank Group, Inc. of our report dated June 27, 2022,<div style="display:inline-block;width:2.4px">&#160;</div>with respect to the </div><div id="a28" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:286.4px;">statement of net assets available for benefits of Capital City Bank<div style="display:inline-block;width:2.3px">&#160;</div>Group, Inc. 401(k) Plan, as of </div><div id="a30" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:305.8px;">December 31, 2021,<div style="display:inline-block;width:3.4px">&#160;</div>and the related statement of changes in net assets available<div style="display:inline-block;width:2.3px">&#160;</div>for benefit for the year </div><div id="a34" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:325.3px;">ended December 31, 2021,<div style="display:inline-block;width:3.1px">&#160;</div>and the supplemental schedule H, line 4i &#8211; schedule of assets (held at end<div style="display:inline-block;width:2.3px">&#160;</div>of </div><div id="a41" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:344.7px;">year) as of December 31, 2021,<div style="display:inline-block;width:3.2px">&#160;</div>which is included in the December 31, 2021,<div style="display:inline-block;width:2.7px">&#160;</div>Annual Report on Form 11-</div><div id="a47" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:364.1px;">K of Capital City Bank Group, Inc. 401(k) Plan. </div><div id="a50" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:413.7px;">/s/ </div><div id="a51" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:113.6px;top:413.7px;">FORVIS, LLP<div style="display:inline-block;width:3.8px">&#160;</div></div><div id="a53" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:430.5px;">(formally BKD, LLP) </div><div id="a58" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:498px;">Little Rock, Arkansas </div><div id="a60" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:514.8px;">June 27, 2022 </div></div>
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<TYPE>EX-23.2
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<div id="a2" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:95.9px;">Exhibit 23.2 </div><div id="a6" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:232px;top:146.4px;">Consent of Independent Registered Public Accounting Firm </div><div id="a10" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:200px;">We consent to the incorporation by reference in the Registration Statement (Form S-8 No. 333-36693) </div><div id="a15" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:217px;">pertaining to the Capital City Bank Group, Inc. 401(k) Plan of<div style="display:inline-block;width:2.3px">&#160;</div>our report dated June 25, 2021, with </div><div id="a18" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:233.8px;">respect to the financial statements of the Capital City Bank Group, Inc.<div style="display:inline-block;width:2.1px">&#160;</div>401(k) Plan included in this </div><div id="a20" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:250.6px;">Annual Report (Form 11-K) for the year ended December 31, 2020. </div><div id="a24" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:270.6px;"><div style="display:inline-block;width:432.1px">&#160;</div></div><div id="a35" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:528.1px;top:304.2px;"><div style="display:inline-block;width:29.4px">&#160;</div>/s/ Ernst &amp; Young LLP </div><div id="a39" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:338px;">Tallahassee, Florida </div><div id="a41" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:355px;">June 27, 2022 </div></div>
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