<SEC-DOCUMENT>0000726601-23-000025.txt : 20230623
<SEC-HEADER>0000726601-23-000025.hdr.sgml : 20230623
<ACCEPTANCE-DATETIME>20230623152217
ACCESSION NUMBER:		0000726601-23-000025
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20221231
FILED AS OF DATE:		20230623
DATE AS OF CHANGE:		20230623

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:		231037360

	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:130.2px;">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:148.6px;">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:167px;">WASHINGTON,<div style="display:inline-block;width:6.2px">&#160;</div>D.C.<div style="display:inline-block;width:8px">&#160;</div>20549</div><div id="a9" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:406.3px;top:185.5px;"><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-weight:bold;left:306.3px;top:200.9px;"><div style="display:inline-block;width:203.4px">&#160;</div></div><div id="a14" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:1.28px;left:407.9px;top:216px;"><div style="display:inline-block;width:0.3px">&#160;</div></div><div id="a16" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:406.3px;top:221.7px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a18" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;font-weight:bold;left:364.7px;top:236.9px;">FORM 11-K</div><div id="a24" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;font-weight:bold;left:221.5px;top:273.7px;">ANNUAL REPORT PURSUANT TO SECTION 15(d) </div><div id="a26" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;font-weight:bold;left:229.3px;top:292.1px;">OF THE SECURITIES EXCHANGE ACT OF 1934 </div><div id="a28" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:314.6px;top:310.6px;">____________________________ </div><div id="a30" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:326px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a32" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:1.28px;left:407.9px;top:341.1px;"><div style="display:inline-block;width:0.3px">&#160;</div></div><div id="a34" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:346.8px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a36" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:362.2px;">(Mark One) </div><div id="a38" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:377.6px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a40" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:116.4px;top:377.6px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a42" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:392.9px;">[X]</div><div id="a43" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:408.1px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a45" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:116.4px;top:392.9px;"><div style="display:inline-block;width:3.4px">&#160;</div>ANNUAL REPORT PURSUANT TO<div style="display:inline-block;width:4.8px">&#160;</div>SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF </div><div id="a48" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:116.4px;top:408.1px;">1934</div><div id="a50" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:423.5px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a52" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:116.4px;top:423.5px;"><div 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style="position:absolute;font-family:&apos;Times New Roman&apos;;left:116.4px;top:469.6px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a69" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:484.8px;">[ ]<div style="display:inline-block;width:6.7px">&#160;</div></div><div id="a72" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:116.4px;top:484.8px;"><div style="display:inline-block;width:3.4px">&#160;</div>TRANSITION</div><div id="a75" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:207.4px;top:484.8px;">REPORT PURSUANT TO SECTION<div style="display:inline-block;width:4.8px">&#160;</div>15(d) OF THE SECURITIES EXCHANGE ACT </div><div id="a76" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:116.4px;top:500.1px;">OF 1934<div style="display:inline-block;width:3.6px">&#160;</div></div><div id="a79" 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Full title of the plan and the address of the plan, if different from that of<div style="display:inline-block;width:4.8px">&#160;</div>the issuer named below: </div><div id="a96" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:592.1px;"><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:607.4px;">CAPITAL CITY BANK GROUP,<div style="display:inline-block;width:6.7px">&#160;</div>INC. 401(k) Plan</div><div id="a101" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:342.1px;top:625.9px;">(Exact name of the plan) </div><div id="a103" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:641.3px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a105" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:118.8px;top:656.6px;">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="a107" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:672px;"><div style="display:inline-block;width:3.4px">&#160;</div></div><div id="a109" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:321.3px;top:687.2px;">Capital City Bank Group, Inc.</div><div id="a111" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:340.9px;top:702.5px;">217 North Monroe Street </div><div id="a113" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:336.1px;top:717.9px;">Tallahassee, Florida 32301 </div><div id="a116" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:733.2px;"><div style="display:inline-block;width:192px">&#160;</div></div></div>
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<div id="a118" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:312.1px;top:96.2px;">REQUIRED INFORMATION</div><div id="a122" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:128.4px;">The following financial statements shall be furnished for the plan: </div><div id="a126" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:162.1px;">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 Income </div><div id="a129" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:178.9px;">Security Act of 1974 (&#8220;ERISA&#8221;).<div style="display:inline-block;width:6.8px">&#160;</div>Therefore, in lieu of the requirements of items 1-3 of Form 11-K, the </div><div id="a136" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:195.9px;">financial statements as of December 31, 2022 and 2021, and for<div style="display:inline-block;width:2.3px">&#160;</div>the year ended December 31, 2022, and </div><div id="a140" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:212.7px;">schedule of the Plan as of December 31, 2022 have been prepared<div style="display:inline-block;width:2.3px">&#160;</div>in accordance with the financial </div><div id="a144" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:229.6px;">reporting requirements of ERISA. </div></div>
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<div id="a146" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:198.1px;top:96.4px;">F</div><div id="a147" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:208.5px;top:100px;">INANCIAL </div><div id="a148" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:282.9px;top:96.4px;">S</div><div id="a149" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:293.3px;top:100px;">TATEMENTS<div style="display:inline-block;width:6.2px">&#160;</div>AND</div><div id="a151" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:198.1px;top:117.8px;">S</div><div id="a152" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:208.5px;top:121.5px;">UPPLEMENTAL </div><div id="a153" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:318.1px;top:117.8px;">S</div><div id="a154" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:328.5px;top:121.5px;">CHEDULE</div><div id="a157" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:198.1px;top:157.6px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a159" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:198.1px;top:176px;">December 31, 2022 and 2021 </div><div id="a163" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:198.1px;top:194.4px;">and Year<div style="display:inline-block;width:5.5px">&#160;</div>Ended December 31, 2022 </div><div id="a168" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:198.1px;top:212.8px;">With Report of Independent Registered Public Accounting Firm</div></div>
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<div id="a169" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:249.3px;top:96.4px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a171" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:223.9px;top:125.8px;">Financial Statements and Supplemental Schedule </div><div id="a173" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:159.7px;top:155.3px;">December 31, 2022 and 2021 and Year Ended December 31, 2022 </div><div id="a179" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;font-weight:bold;left:372.2px;top:216.7px;">Contents </div><div id="a181" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:262.2px;">Report of Independent Registered Public Accounting Firm<div style="display:inline-block;width:1px">&#160;</div>............................................................1 </div><div id="a187" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:299.2px;">Financial Statements </div><div id="a189" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:336.3px;">Statements of Net Assets Available for Benefits<div style="display:inline-block;width:2.6px">&#160;</div>.............................................................................2 </div><div id="a196" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:354.7px;">Statement of Changes in Net Assets Available for Benefits<div style="display:inline-block;width:1.3px">&#160;</div>............................................................3 </div><div id="a202" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:373.1px;">Notes to Financial Statements<div style="display:inline-block;width:0.5px">&#160;</div>..........................................................................................................4 </div><div id="a211" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:409.9px;">Supplemental Schedule </div><div id="a213" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:96px;top:447.1px;">Schedule H, Line 4i &#8211; Schedule of Assets (Held at End of Year) .................................................12 </div></div>
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<div id="a224" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:712.8px;top:991.5px;">1</div><div id="a226" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;font-weight:bold;left:174.1px;top:96.4px;">Report of Independent Registered Public Accounting Firm</div><div id="a232" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:156.8px;">Plan Administrator and Plan Participants </div><div id="a234" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:171.4px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a236" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:185.9px;">Tallahassee, Florida </div><div id="a239" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;font-weight:bold;font-style:italic;left:96px;top:215.1px;">Opinion on the Financial Statements </div><div id="a242" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:244.2px;">We have audited the accompanying statements<div style="display:inline-block;width:4.6px">&#160;</div>of net assets available for benefits of Capital City Bank Group, Inc. 401(k) </div><div id="a243" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:258.9px;">Plan (the Plan) as of December 31, 2022 and 2021, the related statement of changes in net assets available for benefits</div><div id="a245" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:698.2px;top:258.9px;">for </div><div id="a246" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:273.5px;">the year ended December 31, 2022, and the related notes (collectively referred to as the &#8220;financial statements&#8221;).<div style="display:inline-block;width:7px">&#160;</div>In our </div><div id="a249" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:288px;">opinion, the financial statements referred to above present fairly, in all material respects, the net assets available<div style="display:inline-block;width:4.6px">&#160;</div>for </div><div id="a250" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:302.6px;">benefits of the Plan as of December 31, 2022 and 2021, and the changes in net assets available for benefits for the year </div><div id="a251" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:317.1px;">ended December 31, 2022, in conformity with accounting principles generally accepted in the United States of America. </div><div id="a255" style="position:absolute;font-family:&apos;Times New 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Roman&apos;;font-size:12.64px;left:96px;top:797.9px;">for Reporting and Disclosure under the </div><div id="a312" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;font-style:italic;left:297.3px;top:797.9px;">Employee Retirement Income Security Act of 1974</div><div id="a313" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:552.7px;top:797.9px;">.<div style="display:inline-block;width:6.3px">&#160;</div>In our opinion, the </div><div id="a314" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:812.4px;">supplemental information is fairly stated, in all material respects, in relation to the basic financial statements taken as a </div><div id="a316" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:827px;">whole. </div><div id="a319" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:856.1px;">/s/ </div><div id="a320" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;font-weight:bold;left:111.2px;top:856.1px;">FORVIS, LLP<div style="display:inline-block;width:3.7px">&#160;</div></div><div id="a323" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:885.2px;">We have served as the Plan&#8217;s<div style="display:inline-block;width:5.1px">&#160;</div>auditor since 2022. </div><div id="a326" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:914.4px;">Little Rock, Arkansas </div><div id="a328" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:12.64px;left:96px;top:928.9px;">June 23, 2023 </div></div>
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<div id="a331" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:712.8px;top:991.5px;">2</div><div id="a333" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:247.7px;top:99.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a336" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:227.4px;top:134.9px;">Statements of Net Assets Available for Benefits </div><div id="a353" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:567px;top:187.8px;">December 31, </div><div id="a359" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:529.1px;top:205.7px;">2022 </div><div id="a363" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:656.1px;top:205.7px;">2021 </div><div id="a365" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:224.1px;">Assets </div><div id="a372" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:241.7px;">Investments at fair value </div><div id="a374" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:483px;top:241.7px;">$ </div><div id="a376" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:524.7px;top:241.7px;">42,020,583 </div><div id="a379" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:610px;top:241.7px;">$ </div><div id="a381" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:651.8px;top:241.7px;">49,773,148 </div><div id="a389" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:278px;">Total assets </div><div id="a392" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:524.7px;top:278px;">42,020,583 </div><div id="a396" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:651.8px;top:278px;">49,773,148 </div><div id="a404" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:314px;">Net assets available for benefits </div><div id="a406" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:483px;top:314px;">$ </div><div id="a408" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:524.7px;top:314px;">42,020,583 </div><div id="a411" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:610px;top:314px;">$ </div><div id="a413" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:651.8px;top:314px;">49,773,148 </div><div id="a421" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-style:italic;left:96px;top:349.7px;">See accompanying notes. </div></div>
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<div id="a429" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:712.8px;top:991.5px;">3</div><div id="a431" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:246.7px;top:99.9px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a434" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:185.9px;top:134.9px;">Statement of Changes in Net Assets Available for Benefits </div><div id="a440" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:302.5px;top:168.9px;">Year<div style="display:inline-block;width:5.4px">&#160;</div>Ended December 31, 2022 </div><div id="a453" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:654.1px;top:219px;">2022 </div><div id="a455" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:237.7px;">Additions </div><div id="a460" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:255.8px;">Investment income:<div style="display:inline-block;width:3.6px">&#160;</div></div><div id="a465" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:114.1px;top:273.7px;">Dividends and interest income </div><div id="a468" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:606.5px;top:273.7px;">$ </div><div id="a470" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:666.4px;top:273.7px;">265,657 </div><div id="a472" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:292.1px;">Total Investment<div style="display:inline-block;width:4.8px">&#160;</div>Income </div><div id="a476" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:666.4px;top:292.1px;">265,657 </div><div id="a482" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:327.8px;">Contributions: </div><div id="a487" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:114.1px;top:345.7px;">Participants </div><div id="a491" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:656.5px;top:345.7px;">3,624,057 </div><div id="a493" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:114.1px;top:363.8px;">Employer </div><div id="a497" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:656.5px;top:363.8px;">1,410,840 </div><div id="a499" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:114.1px;top:381.7px;">Rollover </div><div id="a503" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:666.4px;top:381.7px;">455,857 </div><div id="a505" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:400.1px;">Total Contributions </div><div id="a509" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:656.5px;top:400.1px;">5,490,754 </div><div id="a515" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:435.8px;">Total Additions </div><div id="a519" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:656.5px;top:435.8px;">5,756,411 </div><div id="a525" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:96px;top:471.8px;">Deductions </div><div id="a530" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:489.7px;">Net depreciation in fair value of investments </div><div id="a534" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:656.5px;top:489.7px;">7,479,171 </div><div id="a536" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:507.8px;">Benefit payments </div><div id="a540" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:656.5px;top:507.8px;">5,886,635 </div><div id="a542" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:525.7px;">Administrative expenses </div><div id="a546" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:666.4px;top:525.7px;">143,170 </div><div id="a548" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:544.1px;">Total deductions </div><div id="a552" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:649.7px;top:544.1px;">13,508,976 </div><div id="a554" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:562.1px;">Net decrease </div><div id="a558" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:652.6px;top:562.1px;">(7,752,565) </div><div id="a564" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:597.7px;">Net assets available for benefits at beginning of year </div><div id="a569" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:649.7px;top:597.7px;">49,773,148 </div><div id="a571" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:616.1px;">Net assets available for benefits at end of year </div><div id="a574" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:606.5px;top:616.1px;">$ </div><div id="a576" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:649.7px;top:616.1px;">42,020,583 </div><div id="a582" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-style:italic;left:96px;top:651.8px;">See accompanying notes. </div></div>
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<div id="a588" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:712.8px;top:991.5px;">4</div><div id="a590" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:249.3px;top:96.4px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a592" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:296.2px;top:125.8px;">Notes to Financial Statements </div><div id="a594" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:313.7px;top:155.2px;">December 31, 2022 and 2021 </div><div id="a598" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:210.9px;">1. 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<div id="a655" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:712.8px;top:991.5px;">5</div><div id="a657" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:96.2px;">1. 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</div>
<div style="padding: 7px">
<div id="Page10" 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="a753" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:712.8px;top:991.5px;">6</div><div id="a755" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:96.2px;">1.<div style="display:inline-block;width:11px">&#160;</div>Description of Plan (continued) </div><div id="a760" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:130px;">Forfeitures </div><div id="a763" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:163.7px;">Forfeitures<div style="display:inline-block;width:7.3px">&#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:7.3px">&#160;</div>the<div 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<div id="a814" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:712.8px;top:991.5px;">7</div><div id="a816" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:96.2px;">2. Summary of Significant Accounting Policies </div><div id="a819" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:130px;">Basis of Accounting </div><div id="a822" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:163.7px;">The financial statements of the Plan are prepared under the accrual basis of accounting in accordance with </div><div id="a823" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:180.5px;">U.S. generally accepted accounting principles. </div><div id="a826" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:214.3px;">Payment of Benefits </div><div id="a829" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:248px;">Benefits are recorded when paid. </div><div id="a832" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:281.6px;">Use of Estimates </div><div id="a835" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:315.4px;">The preparation of<div style="display:inline-block;width:5.3px">&#160;</div>financial statements in<div style="display:inline-block;width:5.3px">&#160;</div>conformity with U.S.<div style="display:inline-block;width:5.3px">&#160;</div>generally accepted accounting<div style="display:inline-block;width:5px">&#160;</div>principles </div><div id="a836" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:332.4px;">requires management to make<div style="display:inline-block;width:5.1px">&#160;</div>estimates and assumptions that affect<div style="display:inline-block;width:5.4px">&#160;</div>the amounts reported in<div style="display:inline-block;width:5.1px">&#160;</div>the 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Roman&apos;;font-size:14.72px;left:96px;top:366.2px;">estimates. </div><div id="a842" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:399.8px;">Investment Valuation and Income Recognition </div><div id="a845" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:433.5px;">Investments<div style="display:inline-block;width:5.7px">&#160;</div>held<div style="display:inline-block;width:5.7px">&#160;</div>by<div style="display:inline-block;width:5.6px">&#160;</div>the<div style="display:inline-block;width:5.9px">&#160;</div>Plan<div style="display:inline-block;width:5.7px">&#160;</div>are<div style="display:inline-block;width:5.7px">&#160;</div>stated<div style="display:inline-block;width:5.7px">&#160;</div>at<div style="display:inline-block;width:5.7px">&#160;</div>fair<div style="display:inline-block;width:5.7px">&#160;</div>value.<div 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style="display:inline-block;width:6px">&#160;</div>measurement date<div style="display:inline-block;width:5.7px">&#160;</div>(an exit<div style="display:inline-block;width:6px">&#160;</div>price). 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<div id="a875" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:712.8px;top:991.5px;">8</div><div id="a877" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:96.2px;">3. 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This practical expedient is<div style="display:inline-block;width:5px">&#160;</div>not </div><div id="a988" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:860.5px;">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:5.5px">&#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="a991" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:877.4px;">than the reported NAV.<div style="display:inline-block;width:7.1px">&#160;</div>Participant transactions (purchased and sales) may occur daily.</div></div>
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<div id="a995" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:712.8px;top:991.5px;">9</div><div id="a997" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:96.2px;">3. Fair Value Measurements (continued) </div><div id="a1003" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:130px;">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="a1004" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:146.8px;">value. </div><div id="a1013" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:470.7px;top:183.1px;">December 31, 2022 </div><div id="a1019" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:353.5px;top:202.2px;">Level 1 </div><div id="a1024" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:455px;top:202.2px;">Level 2 </div><div id="a1029" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:553.1px;top:202.2px;">Level 3 </div><div id="a1034" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:659.8px;top:202.2px;">Total </div><div id="a1036" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:220.2px;">Company common stock </div><div id="a1038" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:318.1px;top:220.2px;">$ </div><div id="a1040" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:358.1px;top:220.2px;">2,554,227 </div><div id="a1042" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:423.1px;top:220.2px;">$ </div><div id="a1044" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:504.9px;top:220.2px;">- </div><div id="a1046" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:521.2px;top:220.2px;">$ </div><div id="a1048" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:603px;top:220.2px;">- </div><div id="a1050" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:619.2px;top:220.2px;">$ </div><div id="a1052" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:659.2px;top:220.2px;">2,554,227 </div><div id="a1054" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:237.2px;">Mutual funds </div><div id="a1057" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:351.4px;top:237.2px;">10,085,737 </div><div id="a1060" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:504.9px;top:237.2px;">- </div><div id="a1063" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:603px;top:237.2px;">- </div><div id="a1066" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:652.5px;top:237.2px;">10,085,737 </div><div id="a1068" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:255.1px;">Collective investment trusts</div><div id="a1069" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:8.64px;left:247.5px;top:254.7px;">(a)</div><div id="a1072" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:406.9px;top:255.1px;">- </div><div id="a1075" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:504.9px;top:255.1px;">- </div><div id="a1078" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:603px;top:255.1px;">- </div><div id="a1081" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:652.5px;top:255.1px;">29,380,619 </div><div id="a1084" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:318.1px;top:273.5px;">$ </div><div id="a1086" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:351.4px;top:273.5px;">12,639,964 </div><div id="a1089" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:423.1px;top:273.5px;">$ </div><div id="a1091" 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id="a1120" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:549.1px;top:330.4px;">Level 3 </div><div id="a1125" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:655.8px;top:330.4px;">Total </div><div id="a1127" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:348.1px;">Company common stock </div><div id="a1129" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:314.1px;top:348.1px;">$ </div><div id="a1131" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:354.1px;top:348.1px;">2,005,671 </div><div id="a1133" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:419.1px;top:348.1px;">$ </div><div id="a1135" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:500.9px;top:348.1px;">- </div><div id="a1137" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:517.2px;top:348.1px;">$ </div><div 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style="position:absolute;font-family:&apos;Times New Roman&apos;;left:98.8px;top:383px;">Collective investment trusts</div><div id="a1160" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:8.64px;left:247.5px;top:382.6px;">(a)</div><div id="a1163" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:402.9px;top:383px;">- </div><div id="a1166" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:500.9px;top:383px;">- </div><div id="a1169" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:599px;top:383px;">- </div><div id="a1172" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:648.5px;top:383px;">37,189,100 </div><div id="a1175" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:314.1px;top:401.4px;">$ </div><div id="a1177" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:347.4px;top:401.4px;">12,584,048 </div><div id="a1180" 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<div id="a1269" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:705.4px;top:991.5px;">10</div><div id="a1271" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:96px;top:96.2px;">6. Tax Status </div><div id="a1275" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:130px;">The underlying pre-approved plan has received an<div style="display:inline-block;width:5.2px">&#160;</div>opinion letter from the Internal Revenue Service<div style="display:inline-block;width:5.1px">&#160;</div>(IRS) </div><div id="a1282" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:146.8px;">dated June<div style="display:inline-block;width:6.1px">&#160;</div>30, 2020,<div style="display:inline-block;width:5.8px">&#160;</div>stating that<div style="display:inline-block;width:5.9px">&#160;</div>the written<div style="display:inline-block;width:5.9px">&#160;</div>form of<div style="display:inline-block;width:5.8px">&#160;</div>the underlying<div style="display:inline-block;width:6px">&#160;</div>pre-approved document<div style="display:inline-block;width:5.6px">&#160;</div>is qualified </div><div id="a1290" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:163.7px;">under Section 401<div style="display:inline-block;width:5.5px">&#160;</div>of the<div style="display:inline-block;width:5.1px">&#160;</div>IRC. 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<div id="a1332" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:32px;left:257.3px;top:381.6px;">Supplemental Schedule </div></div>
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<div id="a1335" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:753.4px;top:991.5px;">12 </div><div id="a1337" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:246.7px;top:85.6px;">Capital City Bank Group, Inc. 401(k) Plan </div><div id="a1344" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:291.1px;top:115.8px;">Plan No. 003 EIN 59-2273542 </div><div id="a1353" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:18.72px;left:168.2px;top:145.7px;">Schedule H, Line 4i - Schedule of Assets (Held at End of Year) </div><div id="a1363" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:353px;top:176.9px;">December 31, 2022 </div><div id="a1370" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:66.7px;top:207.4px;">Identity of Issue, Borrower, </div><div id="a1371" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:76.5px;top:222.8px;">Lessor, or<div style="display:inline-block;width:4.7px">&#160;</div>Similar Party </div><div id="a1373" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:270px;top:207.4px;">Description of Investment Including Maturity Date, Rate of </div><div id="a1374" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:316.1px;top:222.8px;">Interest, Collateral, Par,<div style="display:inline-block;width:5.3px">&#160;</div>or Maturity Value </div><div id="a1376" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:639px;top:222.8px;">Cost </div><div id="a1379" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:702.1px;top:207.4px;">Current </div><div id="a1381" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:707.2px;top:222.8px;"><div style="display:inline-block;width:3.4px">&#160;</div>Value </div><div id="a1385" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:240.1px;">Mutual funds: </div><div id="a1391" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:254.5px;">Cohen &amp; Steers </div><div id="a1393" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:254.5px;">Real Estate Securities Z, 17,095 shares </div><div id="a1395" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:254.5px;">** </div><div id="a1397" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:674.5px;top:254.5px;">$ </div><div id="a1399" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:254.5px;">259,331 </div><div id="a1401" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:270.5px;">Fidelity </div><div id="a1403" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:270.5px;">Advisor Small Cap Growth I, 39,715 shares </div><div id="a1405" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:270.5px;">** </div><div id="a1408" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:270.5px;">942,431 </div><div id="a1410" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:286.5px;">Fidelity </div><div id="a1412" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:286.5px;">Advisor Total Bond<div style="display:inline-block;width:4.7px">&#160;</div>I, 81,818 shares </div><div id="a1414" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:286.5px;">** </div><div id="a1417" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:286.5px;">762,546 </div><div id="a1419" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:302.5px;">Goldman Sachs </div><div id="a1421" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:302.5px;">Small Cap Value<div style="display:inline-block;width:5.1px">&#160;</div>Insights R6, 2,226 shares </div><div id="a1424" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:302.5px;">** </div><div id="a1427" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:302.5px;">109,007 </div><div id="a1429" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:318.5px;">Fidelity </div><div id="a1431" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:318.5px;">Emerging Markets Index, 47,416 shares </div><div id="a1433" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:318.5px;">** </div><div id="a1436" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:318.5px;">447,131 </div><div id="a1438" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:334.5px;">Franklin Templeton </div><div id="a1440" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:334.5px;">Franklin Utilities R6, 17,448 shares </div><div id="a1442" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:334.5px;">** </div><div id="a1445" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:334.5px;">380,201 </div><div id="a1447" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:350.5px;">Touchstone </div><div id="a1449" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:350.5px;">Mid Cap Y,<div style="display:inline-block;width:5.3px">&#160;</div>7,925 shares </div><div id="a1451" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:350.5px;">** </div><div id="a1454" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:350.5px;">327,161 </div><div id="a1456" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:366.5px;">MFS </div><div id="a1458" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:366.5px;">Mid Cap Value<div style="display:inline-block;width:5.1px">&#160;</div>R6, 4,637 shares </div><div id="a1461" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:366.5px;">** </div><div id="a1464" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:366.5px;">130,405 </div><div id="a1466" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:382.5px;">JP Morgan </div><div id="a1468" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:382.5px;">100% U.S. Treas Sec MM Inst, 3,303,831 shares </div><div id="a1470" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:382.5px;">** </div><div id="a1473" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:382.5px;">3,303,831 </div><div id="a1475" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:398.5px;">MFS </div><div id="a1477" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:398.5px;">Md Cap Growth R6, 24,722 shares </div><div id="a1479" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:398.5px;">** </div><div id="a1482" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:398.5px;">594,556 </div><div id="a1484" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:414.5px;">Vanguard </div><div id="a1486" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:414.5px;">Mid Cap Index Fund - Admiral, 4,067 shares </div><div id="a1491" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:414.5px;">** </div><div id="a1494" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:414.5px;">1,026,896 </div><div id="a1496" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:430.5px;">Fidelity </div><div id="a1498" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:430.5px;">Advisor Growth Opps Z, 7,661 shares </div><div id="a1501" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:430.5px;">** </div><div id="a1504" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:430.5px;">759,134 </div><div id="a1506" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:446.5px;">Victory </div><div id="a1508" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:446.5px;">High Yield Y,<div style="display:inline-block;width:6.1px">&#160;</div>35,859 shares </div><div id="a1510" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:446.5px;">** </div><div id="a1513" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:446.5px;">187,903 </div><div id="a1515" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:462.5px;">American </div><div id="a1517" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:462.5px;">Funds Mortgage R6, 4,613 shares </div><div id="a1519" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:462.5px;">** </div><div id="a1522" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:721.1px;top:462.5px;">41,470 </div><div id="a1524" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:478.5px;">T. Rowe Price </div><div id="a1526" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:478.5px;">U.S. Equity Research, 2,723 shares </div><div id="a1528" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:478.5px;">** </div><div id="a1531" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:721.1px;top:478.5px;">98,803 </div><div id="a1533" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:494.5px;">Blackrock </div><div id="a1535" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:494.5px;">Advantage Small Cap Core K, 16,993 shares </div><div id="a1537" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:494.5px;">** </div><div id="a1540" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:494.5px;">244,365 </div><div id="a1542" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:510.5px;">Vanguard </div><div id="a1544" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:510.5px;">Equity Income ADM, 5,560 shares </div><div id="a1546" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:510.5px;">** </div><div id="a1549" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:510.5px;">470,566 </div><div id="a1551" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:526.8px;">Total </div><div id="a1556" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:697.7px;top:526.8px;">10,085,737 </div><div id="a1563" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:558.5px;">Collective investment trusts: </div><div id="a1569" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:574.5px;">Blackrock </div><div id="a1571" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:574.5px;">Equity Index Fund R, 5,972 shares </div><div id="a1573" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:574.5px;">** </div><div id="a1576" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:574.5px;">3,152,138 </div><div id="a1578" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:590.5px;">Blackrock </div><div id="a1580" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:590.5px;">LifePath Index 2025 Fund CL 35, 136,640 shares </div><div id="a1582" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:590.5px;">** </div><div id="a1585" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:590.5px;">3,504,829 </div><div id="a1587" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:606.5px;">Blackrock </div><div id="a1589" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:606.5px;">LifePath Index 2030 Fund CL 35, 97,618 shares </div><div id="a1591" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:606.5px;">** </div><div id="a1594" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:606.5px;">2,756,737 </div><div id="a1596" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:622.5px;">Blackrock </div><div id="a1598" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:622.5px;">LifePath Index 2035 Fund CL 35, 166,774 shares </div><div id="a1600" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:622.5px;">** </div><div id="a1603" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:622.5px;">5,124,968 </div><div id="a1605" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:638.5px;">Blackrock </div><div id="a1607" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:638.5px;">LifePath Index 2040 Fund CL 35, 110,803<div style="display:inline-block;width:4.8px">&#160;</div>shares </div><div id="a1609" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:638.5px;">** </div><div id="a1612" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:638.5px;">3,624,373 </div><div id="a1614" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:654.5px;">Blackrock </div><div id="a1616" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:654.5px;">LifePath Index 2045 Fund CL 35, 64,898 shares </div><div id="a1619" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:654.5px;">** </div><div id="a1622" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:654.5px;">2,253,261 </div><div id="a1624" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:670.5px;">Blackrock </div><div id="a1626" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:670.5px;">LifePath Index 2050 Fund CL 35, 48,721 shares </div><div id="a1628" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:670.5px;">** </div><div id="a1631" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:670.5px;">1,694,014 </div><div id="a1633" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:686.5px;">Blackrock </div><div id="a1635" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:686.5px;">LifePath Index 2055 CL 35, 77,691 shares </div><div id="a1637" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:686.5px;">** </div><div id="a1640" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:686.5px;">1,392,226 </div><div id="a1642" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:702.5px;">Blackrock </div><div id="a1644" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:702.5px;">LifePath Index 2060 CL 35, 17,349 shares </div><div id="a1646" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:702.5px;">** </div><div id="a1649" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:702.5px;">299,618 </div><div id="a1651" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:718.5px;">Blackrock </div><div id="a1653" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:718.5px;">LifePath Index 2065 Fund CL 35, 12,349 shares </div><div id="a1655" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:718.5px;">** </div><div id="a1658" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:718.5px;">135,350 </div><div id="a1660" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:734.5px;">Blackrock </div><div id="a1662" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:734.5px;">LifePath Index Retire CL 35, 112,781 shares </div><div id="a1664" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:734.5px;">** </div><div id="a1667" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:734.5px;">2,099,987 </div><div id="a1669" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:750.5px;">Blackrock </div><div id="a1671" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:750.5px;">MSCI ACWI ex-U.S. Index R, 41,777 shares </div><div id="a1675" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:750.5px;">** </div><div id="a1678" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:750.5px;">567,748 </div><div id="a1680" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:766.5px;">Blackrock </div><div id="a1682" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:766.5px;">Russell 1000 Growth R, 49,957 shares </div><div id="a1684" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:766.5px;">** </div><div id="a1687" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:766.5px;">1,152,501 </div><div id="a1689" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:782.5px;">Blackrock </div><div id="a1691" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:782.5px;">Russell 1000 Value<div style="display:inline-block;width:5.2px">&#160;</div>Index Fund R, 48,717 shares </div><div id="a1693" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:782.5px;">** </div><div id="a1696" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:782.5px;">880,307 </div><div id="a1698" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:798.6px;">Blackrock </div><div id="a1700" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:798.6px;">Russell 2000 Index Fund R, 3,617 shares </div><div id="a1702" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:798.6px;">** </div><div id="a1705" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:714.4px;top:798.6px;">742,563 </div><div id="a1707" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:814.9px;">Total </div><div id="a1712" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:697.7px;top:814.9px;">29,380,619 </div><div id="a1719" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:846.6px;">Company common stock: </div><div id="a1725" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:862.6px;">*Capital City Bank Group, Inc. </div><div id="a1727" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:248px;top:862.6px;">Capital City Bank Group Stock, 78,592 shares </div><div id="a1730" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:645.3px;top:862.6px;">** </div><div id="a1733" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:704.5px;top:862.6px;">2,554,227 </div><div id="a1738" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:674.5px;top:878.9px;">$ </div><div id="a1740" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:697.7px;top:878.9px;">42,020,583 </div><div id="a1747" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:904.5px;">* Party-in-interest </div><div id="a1757" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:920.5px;">** Participant-directed investment, cost not required </div></div>
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<div id="a1766" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;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="a1768" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:351.1px;top:113px;">EXHIBIT INDEX</div><div id="a1771" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:147.9px;">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="a1776" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:182.6px;">23.1*<div style="display:inline-block;width:14.9px">&#160;</div></div><div id="a1779" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;color:#0000FF;left:192px;top:182.6px;"><a href="exhibit231.htm" style="-sec-extract:exhibit; 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="a1782" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:217.3px;">*Filed herewith</div></div>
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<div id="a1788" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-weight:bold;left:360.4px;top:96.2px;">SIGNATURES</div><div id="a1791" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;font-style:italic;left:96px;top:130.9px;">The Plan. </div><div id="a1792" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:156.8px;top:130.9px;">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="a1795" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:147.9px;">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="a1797" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:164.7px;">behalf by the undersigned hereunto duly authorized.</div><div id="a1800" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;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="a1804" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:233.2px;">By: /s/ Bethany H. Corum</div><div id="a1812" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:250.1px;"><div style="display:inline-block;width:18.4px">&#160;</div>Bethany H. Corum, Chief Operating Officer</div><div id="a1819" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:266.9px;"><div style="display:inline-block;width:18.4px">&#160;</div>Capital City Bank Group, Inc.</div><div id="a1822" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:283.7px;"><div style="display:inline-block;width:18.4px">&#160;</div>Retirement Committee, Chairman</div><div id="a1827" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:14.72px;left:96px;top:317.5px;">Dated: June 23, 2023</div></div>
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<DESCRIPTION>EXHIBIT 23.1
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<div id="a2" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:96.2px;">Exhibit 23.1 </div><div id="a6" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:232px;top:146.8px;">Consent of Independent Registered Public Accounting Firm </div><div id="a9" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:180.7px;">We hereby consent to the incorporation by reference in the Registration Statement (No. 333-36693) on </div><div id="a12" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:200px;">Form S-8 of Capital City Bank Group, Inc. of our report dated June 23, 2023, with<div style="display:inline-block;width:2.1px">&#160;</div>respect to the </div><div id="a17" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:219.4px;">statements<div style="display:inline-block;width:3.6px">&#160;</div>of net assets available for benefits of Capital City Bank Group, Inc.<div style="display:inline-block;width:2.1px">&#160;</div>401(k) Plan, as of </div><div id="a22" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:238.9px;">December 31, 2022 and 2021, and the related statement of changes<div style="display:inline-block;width:2.3px">&#160;</div>in net assets available for benefit for </div><div id="a28" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:258.3px;">the year ended December 31, 2022, and the supplemental schedule H,<div style="display:inline-block;width:2.3px">&#160;</div>line 4i &#8211; schedule of assets (held at </div><div id="a35" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:277.6px;">end of year) as of December 31, 2022,<div style="display:inline-block;width:2.9px">&#160;</div>which is included in the December 31, 2022, Annual Report on </div><div id="a41" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:297px;">Form 11-K of Capital City Bank Group, Inc. 401(k) Plan. </div><div id="a46" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:346.5px;">/s/ </div><div id="a47" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:113.8px;top:346.5px;">FORVIS, LLP<div style="display:inline-block;width:3.6px">&#160;</div></div><div id="a52" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:414px;">Little Rock, Arkansas </div><div id="a54" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:96px;top:430.8px;">June 23, 2023 </div></div>
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