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A comprehensive regional bank, similar to a smaller-scale Truist or Regions Financial, focused on Florida, Georgia, and Alabama.

Like a regional version of Wells Fargo, offering a full spectrum of banking, lending, and wealth management services across Florida, Georgia, and Alabama.

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• Commercial Lending: Provides financing for commercial business properties, equipment, inventories, accounts receivable, and offers commercial leasing and letters of credit.
• Residential & Consumer Lending: Offers fixed- and adjustable-rate residential mortgage loans, as well as personal, automobile, boat/RV, home equity loans, and credit card programs.
• Deposit Accounts: Manages a variety of checking and savings accounts for individual consumers, businesses, and institutional clients.
• Treasury & Cash Management: Delivers services for businesses and institutions, including treasury management systems and merchant credit card transaction processing.
• Wealth Management & Investment Services: Offers asset management through agency, personal trust, IRA, and personal investment management accounts, alongside retail securities products like bonds, stocks, mutual funds, annuities, and insurance.
• Digital & Branch Banking Services: Provides convenient access to banking through interactive/automated teller machines, debit/credit cards, night deposit services, safe deposit facilities, and online/mobile banking.

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Major Customers of Capital City Bank (CCBG)

• Individuals/Consumers: This category includes customers seeking personal banking services such as checking and savings accounts, residential mortgage loans, personal loans (automobile, boat/RV, home equity), credit card programs, and asset management services (personal trusts, IRAs, investment management, retail securities products).
• Corporate/Commercial Clients: Capital City Bank serves businesses by offering financing for commercial business properties, equipment, inventories, and accounts receivable. It also provides commercial leasing, letters of credit, treasury management services, and merchant credit card transaction processing services.
• Institutional Clients: This category encompasses various organizations including state and local governments, public schools and colleges, charities, membership associations, and other not-for-profit associations. The bank provides customized checking and savings accounts, cash management systems, tax-exempt loans, lines of credit, and term loans tailored to their specific needs.

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William G. Smith Jr. Chairman and Chief Executive Officer

William G. Smith Jr. began his career at Capital City Bank in 1978 and has worked in various capacities, being named chief executive officer of Capital City Bank Group, Inc. in 1995 and chairman in 2003. He is recognized by Florida Trend Magazine as one of the 500 most influential business executives in the state and was inducted into the FSU College of Business Hall of Fame in 2009. Smith also serves on the Southern Company Board of Directors and previously served on the Darlington School Board of Trustees and the First National Bankers Bank Board of Directors.

Jep Larkin Executive Vice President, Chief Financial Officer

Jep Larkin joined Capital City Bank in 1986 and has held various credit roles, led the Internal Audit Division, and served as controller before assuming his current position as Executive Vice President and Chief Financial Officer of Capital City Bank Group in 2022/2023. As CFO, he is responsible for overseeing accounting and financial reporting, treasury, profitability analysis, and financial planning. Larkin is a Certified Public Accountant licensed in Florida and Georgia and holds both a Bachelor of Science degree in Economics and a Master of Business Administration in Finance degree from Florida State University.

Thomas A. Barron President, Capital City Bank Group

Thomas A. Barron joined Capital City Bank in 1974 and has held positions across all areas of the Bank. He previously served as president of Second National Bank and Industrial National Bank before being appointed president of Capital City Bank in 1995. In 2025, he was elected president of Capital City Bank Group, Inc. and chairman of the Capital City Bank Board of Directors. Barron holds a Master of Business Administration degree from Florida State University. He has also been active in the community, serving in leadership roles for organizations such as the Southeastern Community Blood Center, the Greater Tallahassee Chamber of Commerce, the United Way of the Big Bend, and the Community Bankers of Florida.

Beth Corum President, Capital City Bank

Beth Corum began her career with the Florida Bankers Association before joining Capital City Bank in 2006 as chief people officer. She served as president of Capital City Services Company and was promoted to chief operating officer in 2015. Effective July 1, 2025, Corum was named President of Capital City Bank, marking a historic appointment as the first female president in the bank's history. In her role, she manages the operations and financial performance of the bank and focuses on strengthening relationships with key stakeholders. Corum also serves as a director of Capital City Bank and an executive vice president of Capital City Bank Group.

Ramsay Sims Executive Vice President, Chief Banking Officer

Ramsay Sims joined Capital City Bank in 2010 and currently serves as chief banking officer, where he is responsible for overseeing the retail and lending divisions. He brings decades of experience in the financial sector, serving corporations, governments, and non-profit organizations. Prior to Capital City Bank, Sims spent five years in public finance with Merrill Lynch, three years in corporate tax-exempt finance with Banc of America Securities, and six years with GE Capital. He earned a bachelor's degree in economics from the University of the South and a master's in business administration from Florida State University.

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The key risks to Capital City Bank (CCBG) include interest rate risk, credit risk, and operational risks, encompassing technological investments and cybersecurity.

The most significant risk for Capital City Bank is Interest Rate Risk. As a financial holding company focused on community-based banking, CCBG's profitability heavily relies on net interest income, which is highly susceptible to fluctuations in interest rates. Changes in interest rates can adversely affect the company's financial performance by impacting its net interest income and the economic value of its equity.

Another crucial risk is Credit Risk. This involves challenges in maintaining the quality of its credit portfolio and managing nonperforming assets. Economic conditions can directly impact the company's financial performance, and an increase in nonperforming assets has been noted in recent years.

Finally, Operational Risks, including Technological Investments and Cybersecurity, pose a significant threat. These risks encompass potential issues arising from inadequate information systems, operational problems, breaches in internal controls, fraud, and unforeseen catastrophes. With increasing technological investments and expansion into new markets, the company faces heightened exposure to these operational risks, including those related to new products and services, third-party risk management, and cybersecurity threats.

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The primary emerging threats to Capital City Bank (CCBG) stem from the rapid growth and adoption of digital-first financial service providers:

• Digital-First Banks and Fintech Companies: These entities, including neobanks, specialized online lenders, and advanced payment platforms, offer highly competitive rates, often lower fees, and superior digital user experiences across a wide range of services. They directly threaten CCBG's consumer banking (checking, savings, credit cards, personal loans), commercial and residential lending, and payment processing services by offering more convenient, faster, and often cheaper alternatives without the overhead of physical branches.
• Robo-Advisors and Online Investment Platforms: For CCBG's asset management and retail securities offerings, the rise of automated investment platforms and online brokerages poses a significant threat. These services provide low-cost, digitally accessible investment advice and trading options for stocks, bonds, mutual funds, and other products, often with lower minimums and greater convenience, challenging CCBG's traditional, relationship-based investment and trust services.

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1. Growth in Deposit Base and Strategic Asset Deployment: Capital City Bank, described as a deposit-centric institution, is anticipated to continue benefiting from deposit growth, particularly within the strong economies of Florida and Georgia. This expanding deposit base provides a crucial funding source that the bank expects to strategically reinvest to support loan demand and liquidity management strategies. Effective management of funding costs and optimizing yields from both loans and investment securities will drive net interest income.
2. Expansion of Noninterest Income Streams: A significant driver of revenue growth is expected to come from the expansion of noninterest income. In 2025, the company observed notable increases in mortgage banking revenues, wealth management fees, and other income. A continued focus on growing these diversified income sources is projected to contribute substantially to future revenue.
3. Enhanced Market Presence and Client Relationships: The company's strategic focus on expanding its market presence and strengthening client relationships across its operating regions of Florida, Georgia, and Alabama is expected to contribute to revenue growth. This involves acquiring new customers and deepening engagement with existing clients, thereby increasing the utilization of its comprehensive range of banking and wealth management services.

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