Profile: Capital City Bank Group Inc (CCBG.OQ)
26 May 2016
Capital City Bank Group, Inc., incorporated on December 13, 1982, is a financial holding company. The Company provides a range of banking and banking-related services to individual and corporate clients through its subsidiary, Capital City Bank (the Bank), with banking offices located in Florida, Georgia and Alabama. The Company operates through commercial banking segment with over four principal services, including Banking Services, Data Processing Services, Trust and Asset Management Services, and Brokerage Services. In addition to its banking subsidiary, the Bank has approximately three subsidiaries, Capital City Trust Company, Capital City Banc Investments, Inc. and Capital City Services Company.
Capital City Bank
The Bank is a full-service bank engaged in the commercial and retail banking business. The Bank offers a range of banking services, such as business banking, commercial real estate lending, residential real estate lending, retail credit, institutional banking and retail banking. The Bank provides business banking services to corporations and other business clients for a range of business purposes, including financing for commercial business properties, equipment, inventories and accounts receivable, as well as commercial leasing and letters of credit. The Bank also provides treasury management services, and, through a marketing alliance with Elavon, Inc., merchant credit card transaction processing services. The Bank provides a range of products for the financing needs of commercial developers and investors, residential builders and developers, and community development. Credit products are available to purchase land and build structures for business use and for investors developing residential or commercial property. The Bank provides products for the home financing needs of consumers, including conventional permanent and construction/permanent (fixed, adjustable or variable rate) financing arrangements, and Federal Housing Administration/Veteran Affairs (FHA/VA) loan products. The Bank offers both fixed-rate and adjustable rate residential mortgage (ARM) loans. The Bank provides a range of loan products to meet the needs of consumers, including personal loans, automobile loans, boat/recreational vehicle (RV) loans, home equity loans, and through a marketing alliance with ELAN, it offers credit card programs. The Bank provides banking services to meet the needs of state and local governments, public schools and colleges, charities, membership and not-for-profit associations, including customized checking and savings accounts, cash management systems, tax-exempt loans, lines of credit and term loans. The Bank provides a range of consumer banking services, including checking accounts, savings programs, automated teller machines (ATMs), debit/credit cards, night deposit services, safe deposit facilities, online banking and mobile banking.
Capital City Trust Company
Capital City Trust Company (the Trust Company) is the investment management arm of the Bank. The Trust Company provides asset management for individuals through agency, personal trust, individual retirement account (IRA) and personal investment management accounts. The Trust Company also provides services for the administration of pension, profit sharing and 401(k) plans. Associations, endowments and other non-profit entities hire the Trust Company to manage investment portfolios.
Capital City Banc Investments, Inc.
Capital City Banc Investments, Inc. offers access to retail investment products through INVEST Financial Corporation. Capital City Banc Investments, Inc. offers retail securities products, including the United States Government bonds, tax-free municipal bonds, stocks, mutual funds, unit investment trusts, annuities, life insurance and long-term healthcare.
Capital City Services Company
Capital City Services Company (the Services Company) provides data processing services to financial institutions (including the Bank), government agencies and commercial clients located in North Florida and South Georgia. The Services Company is providing data processing services to approximately three correspondent banks.
The Bank offers residential real estate loans, commercial loans, commercial real estate loans and consumer loans. The Bank originates one- to four-family, owner-occupied residential real estate loans in its residential real estate line of business. The Bank originates fixed-rate, adjustable-rate and variable- rate residential real estate loans. The Bank also originates residential real estate loans throughout its banking office network that are not eligible for sale into the secondary market, which include its variable rate of approximately 3/1 and 5/1 ARM loans. Its residential real estate loans also include home equity lines of credit and home equity loans (HELOCs). The Bank's home equity portfolio includes revolving open-ended equity loans with interest-only or minimal monthly principal payments and closed-end amortizing loans. The Bank's consumer loan portfolio includes personal installment loans, direct and indirect automobile financing, and overdraft lines of credit. The Bank's total loans are approximately $1,503.91 million.
The Bank's investment securities are classified as available-for-sale securities and held-for-maturity securities. The Bank's available-for-sale securities include the United States Government Treasury, the United States Government Agency, States and Political Subdivisions, Mortgage-Backed Securities and Equity Securities. The Bank's held-for-maturity securities include the United States Government Treasury, the United States Government Agency, States and Political Subdivisions, and Mortgage-Backed Securities. The Bank's total investment securities are approximately $638.92 million.
Sources of Funds
The Bank's principal source of funds are its clients' deposits, supplemented by its short-term and long-term borrowings, from securities sold under repurchase agreements, federal funds purchased and Federal Home Loan Bank of Atlanta (FHLB) borrowings. The Bank offers various types of deposits, which include noninterest bearing deposits, negotiable order of withdrawal (NOW) Accounts, money market accounts, savings and time deposits. The Bank's total deposits are approximately $2,302.85 million.
Capital City Bank Group Inc
217 N Monroe St
TALLAHASSEE FL 32301-7619