XML 51 R37.htm IDEA: XBRL DOCUMENT
v3.24.0.1

MORTGAGE BANKING ACTIVITIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Mortgage Banking Activities [Abstract] |
Summary of Unpaid Principal Balance of Residential Mortgage Loans | December 31, 2023 December 31, 2022 Unpaid Principal Unpaid Principal (Dollars in Thousands) Balance/Notional Fair Value Balance/Notional Fair Value Residential Mortgage Loans Held for Sale $ 27,944 $ 28,211 $ 26,274 $ 26,909 Residential Mortgage Loan Commitments (1) 23,545 523 36,535 819 Forward Sales Contracts (2) 24,500 209 15,500 187 $ 28,943 $ 27,915 (1) Recorded in other assets at fair value (2) Recorded in other assets and (other liabilities) at fair value
Mortgage Banking Revenue | (Dollars in Thousands) 2023 2022 2021 Net realized gain on sales of mortgage loans $ 5,297 $ 5,565 $ 49,355 Net change in unrealized gain on mortgage loans held for sale (252) (1,164) (2,410) Net change in the fair value of mortgage loan commitments (296) (439) (3,567) Net change in the fair value of forward sales contracts (395) 192 900 Pair-Offs on net settlement of forward sales contracts 367 4,956 2,956 Mortgage servicing rights additions 651 565 1,416 Net origination fees 5,028 2,234 3,775 Total mortgage banking revenues $ 10,400 $ 11,909 $ 52,425
Summary of Mortgage Servicing Rights | (Dollars in Thousands) 2023 2022 Number of residential mortgage loans serviced for others 450 1,769 Outstanding principal balance of residential mortgage loans serviced for others $ 108,897 $ 410,470 Weighted average interest rate 5.37% 3.62% Remaining contractual term (in months) 309 298
Activity in the Capitalized Mortgage Servicing Rights | (Dollars in Thousands) 2023 2022 2021 Beginning balance $ 2,599 $ 3,774 $ 3,452 Additions due to loans sold with servicing retained 651 565 1,416 Deletions and amortization (232) (1,291) (1,344) Valuation Allowance reversal - - 250 Sale of Servicing Rights (1) (2,187) (449) - Ending balance $ 831 $ 2,599 $ 3,774 (1) In 2023, the Company sold an MSR portfolio with an unpaid principal balance of $ 334 million for a sales price of $ 4.0 million, recognizing a $ 1.38 million gain on sale, recorded in other noninterest income on the Consolidated Statement of Income. In 2022, the Company sold an MSR portfolio with an unpaid principal balance of $ 50 million for a sales price of $ 0.6 million, recognizing a $ 0.2 million gain on sale, recorded in other noninterest income on the Consolidated Statement of Income.
Key Unobservable Inputs used in Determining the Fair Value of Mortgage Servicing Rights | 2023 2022 Minimum Maximum Minimum Maximum Discount rates 9.50% 12.00% 9.50% 12.00% Annual prepayment speeds 11.23% 17.79% 12.33% 20.23% Cost of servicing (per loan) $ 85 95 $ 85 95
Warehouse Line Borrowings | Amounts (Dollars in Thousands) Outstanding $ 25 million master repurchase agreement without defined expiration. Interest is at the SOFR rate plus 2.00% to plus 3.00% , with a floor rate of 3.25% to 4.25% . A cash pledge deposit of $ 0.1 million is required by the lender. $ 192 $ 60 million warehouse line of credit agreement expiring in December 2024 . Interest is at the SOFR plus 2.75% to 3.25% . 8,192 $ 8,384

X
- References No definition available. + Details
Name: | ccbg_MortgageBankingActivitiesAbstract
Namespace Prefix: | ccbg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of residential mortage production, unpaid principal balance of residential mortgage loans held for sale, notional amounts of derivative contracts related to residential mortgage loan commitments and forward contract sales and their related fair values. + References No definition available. + Details
Name: | ccbg_ResidentialMortgageLoanProductionTableTextBlock
Namespace Prefix: | ccbg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value. + References No definition available. + Details
Name: | ccbg_ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueTableTextBlock
Namespace Prefix: | ccbg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The summary of information related to mortage servicing rights. + References No definition available. + Details
Name: | ccbg_SummaryOfMortgageServicingRightsTableTextBlock
Namespace Prefix: | ccbg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481229/860-50-50-3 + Details
Name: | us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration