Capital City Bank Group, Inc. (CCBG): history, ownership, mission, how it works & makes money

A Brief History of Capital City Bank Group, Inc. (CCBG)

Foundation and Early Years

Capital City Bank Group, Inc. (CCBG) was founded in 1895 in Tallahassee, Florida. The bank began as a modest financial institution and gradually evolved to serve a diverse set of banking needs in the region.

Growth and Expansion

By 2003, CCBG had expanded its footprint significantly, operating over 50 branches across Florida and Georgia. As of December 31, 2022, the bank reported total assets of approximately $3.5 billion.

Public Offering

CCBG became publicly traded on the NASDAQ under the ticker symbol CCBG in 2000, allowing it to raise capital and support further expansion efforts.

Service Diversification

The bank has diversified its services over the years. As of 2023, CCBG offers a range of services including:

• Commercial Banking
• Consumer Banking
• Wealth Management
• Mortgage Services

Financial Performance

For the year ended December 31, 2022, CCBG reported:

Community Engagement

CCBG is deeply committed to community involvement, contributing significant resources to local organizations. In 2022, the bank donated over $800,000 to various charitable initiatives and programs.

Technological Advancements

In recent years, CCBG has invested heavily in technology to enhance customer experience. As of 2023, approximately 53% of its transactions take place through digital banking platforms.

Future Outlook

With a focus on sustainable growth, CCBG aims to expand its market presence and continue enhancing its service offerings. The bank's strategic plans include leveraging technology for operational efficiency and customer engagement.

A Who Owns Capital City Bank Group, Inc. (CCBG)

Ownership Structure

Capital City Bank Group, Inc. (CCBG) is a publicly traded company, and its shares are held by various investors. As of the latest financial reports, CCBG has approximately 8.5 million shares outstanding.

Major Shareholders

The following table details the major shareholders of Capital City Bank Group, Inc. (CCBG) as of the latest filings:

Insider Ownership

Insider ownership within CCBG is another significant factor affecting its shareholding structure. The following details the ownership by insiders:

Institutional Ownership Trends

Institutional ownership has seen fluctuations over the past years. As of the most recent report, the institutional ownership stands at approximately 35.0% of total shares. This figure indicates a stable interest among big institutional investors.

Recent Financial Data

Recent financial performance indicators relevant to understanding ownership dynamics include:

Conclusion on Ownership Composition

The ownership composition of Capital City Bank Group, Inc. reflects a combination of institutional and insider holdings, with a diverse shareholder base that plays a critical role in governance and strategic direction. As market conditions evolve, the ownership structure may also shift in response to broader financial trends.

Capital City Bank Group, Inc. (CCBG) Mission Statement

Overview of Mission Statement

The mission statement of Capital City Bank Group, Inc. (CCBG) reflects its commitment to providing exceptional financial services to its customers. CCBG aims to foster relationships through responsive service, sound advice, and innovative solutions.

Core Values

CCBG is guided by several core values that underpin its mission:

• Integrity: Adhering to the highest ethical standards.
• Customer Focus: Prioritizing the needs of customers and delivering solutions that enhance their financial well-being.
• Community Engagement: Committed to positively impacting the communities it serves.
• Excellence: Striving for the highest quality in products and services.
• Teamwork: Fostering a collaborative environment among employees.

Financial Performance

For the fiscal year ending December 31, 2022, CCBG reported the following financial metrics:

Commitment to Customer Service

CCBG’s mission emphasizes a strong commitment to customer service, as demonstrated by the annual customer satisfaction survey conducted in 2022, which yielded the following results:

Community Involvement

CCBG actively engages in community initiatives, investing over $1.2 million in community development and charitable contributions in 2022. Key areas of focus include:

• Education: Scholarships and funding for local schools.
• Health: Sponsoring health and wellness programs.
• Economic Development: Supporting small businesses and local entrepreneurs.

Innovation and Technology

In alignment with its mission, CCBG has invested significantly in technology to enhance customer experience. In 2022, CCBG allocated approximately $5 million for technology upgrades and digital banking solutions.

Conclusion of Financial Outlook

Moving forward, CCBG projects a steady growth trajectory, with an expected increase in assets and loan growth rate of approximately 5% annually for the next three years, reinforcing its mission of delivering quality financial services while maintaining robust community ties.

How Capital City Bank Group, Inc. (CCBG) Works

Overview of Capital City Bank Group, Inc.

Capital City Bank Group, Inc. (CCBG), headquartered in Tallahassee, Florida, operates as a financial holding company for Capital City Bank, which provides a range of financial services. As of year-end 2022, CCBG reported total assets of approximately $2.2 billion, with total deposits around $1.8 billion.

Service Offerings

CCBG offers a variety of banking services including:

• Commercial Banking: Provides loans, treasury management, and deposit services to businesses.
• Consumer Banking: Includes personal loans, mortgage products, savings accounts, and checking accounts.
• Investment Services: Offers wealth management, financial planning, and trust services.
• Insurance Services: Provides life, health, and property insurance products through third-party partnerships.

Financial Performance

For the fiscal year ending December 31, 2022, CCBG reported the following financial highlights:

Geographic Reach

CCBG primarily serves clients in Florida and Georgia, operating 13 branches. The branch distribution as of 2023 is as follows:

Risk Management

CCBG employs various risk management strategies to mitigate financial risks, including:

• Credit Risk Management: Regular assessment of credit exposures and borrower risk.
• Interest Rate Risk Management: Utilizing financial derivatives and asset-liability management techniques.
• Operational Risk Management: Implementing robust internal controls and cybersecurity measures.

Capital Position

As of December 31, 2022, CCBG maintains a strong capital position with a Tier 1 Capital Ratio of 11.5% and Total Capital Ratio of 13.2%, well above regulatory requirements.

Recent Developments

In 2023, CCBG announced an expansion of its digital banking services to enhance customer experience. The investment in technology is projected to be around $1 million aimed at improving online and mobile banking platforms.

How Capital City Bank Group, Inc. (CCBG) Makes Money

Overview of Revenue Sources

Capital City Bank Group, Inc. predominantly generates revenue through several key avenues:

• Net Interest Income
• Non-Interest Income
• Fees and Commissions
• Investment Income

Net Interest Income

Net interest income is derived from the interest earned on loans and investment securities, minus the interest paid on deposits and other borrowings.

As of 2022, Capital City Bank reported a net interest income of approximately $56.2 million.

Loans Portfolio

The bank's loan portfolio is a critical component of its interest income. As of December 31, 2022:

Funding and Interest Expense

The cost of funding is also an essential aspect of net interest income. As of 2022, the interest expense was approximately $9.5 million.

Non-Interest Income

Non-interest income encompasses various fees and charges, including service fees, transaction fees, and income from investments. In 2022, CCBG reported non-interest income of $21.4 million.

The breakdown of non-interest income includes:

Investment Income

Investment income arises from the bank's holdings in various securities. As of the end of 2022, CCBG held $500 million in investment securities, generating significant returns.

The total investment income for the year was reported as $14 million.

Operational Efficiency

Capital City Bank focuses on maintaining operational efficiency to maximize profitability. In 2022, the efficiency ratio was reported at 61.5%, indicating effective management of expenses relative to revenue generated.

Market Position

CCBG operates primarily in the southeastern United States, with a total of 60 branches across Florida and Georgia as of 2022. This strategic positioning enhances its market reach and revenue potential.

Conclusion of Financial Performance

In summary, Capital City Bank Group, Inc. employs a diversified approach to generate revenue encompassing net interest income, non-interest income, and investment income while maintaining a focus on operational efficiency.