11-K 1 i00295_ccbg-11k.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 11-K

 

ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

(Mark One)

o

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 31, 2009

 

 

 

OR

 

 

o

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from __to __

Commission file number 0-13358

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

 

CAPITAL CITY BANK GROUP, INC. 401(k) Plan

(Exact name of the plan)

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Capital City Bank Group, Inc.
217 North Monroe Street
Tallahassee, Florida 32301

REQUIRED INFORMATION

          The following financial statements shall be furnished for the plan:

          Capital City Bank Group, Inc. 401(k) Plan (“Plan”) is subject to the Employee Retirement Income Security Act of 1974 (“ERISA”). Therefore, in lieu of the requirements of items 1-3 of Form 11-K, the financial statements and schedule of the Plan for the fiscal year ended December 31, 2009 have been prepared in accordance with the financial reporting requirements of ERISA.

CAPITAL CITY BANK GROUP, INC.
401(k) PLAN

FINANCIAL STATEMENTS
December 31, 2009 and 2008

CAPITAL CITY BANK GROUP, INC.
401(k) PLAN
Tallahassee, Florida

FINANCIAL STATEMENTS
December 31, 2009 and 2008

CONTENTS

 

 

 

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

1

 

 

 

 

 

FINANCIAL STATEMENTS

 

 

 

 

 

 

 

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

 

2

 

 

 

 

 

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

 

3

 

 

 

 

 

NOTES TO FINANCIAL STATEMENTS

 

4

 

 

 

 

 

SUPPLEMENTAL SCHEDULE

 

 

 

 

 

 

 

SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)

 

11

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The Retirement Committee of
Capital City Bank Group, Inc.
Tallahassee, Florida

We have audited the accompanying statements of net assets available for benefits of Capital City Bank Group, Inc. 401(k) Plan (the “Plan”) as of December 31, 2009 and 2008, and the related statement of changes in net assets available for benefits for the year ended December 31, 2009. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2009 and 2008, and the changes in net assets available for benefits for the year ended December 31, 2009 in conformity with U.S. generally accepted accounting principles.

Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule H, Line 4i – Schedule of Assets (Held at End of Year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic 2009 financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic 2009 financial statements taken as a whole.

 

 

 

/s/ Crowe Horwath LLP

 

 

 

Crowe Horwath LLP

 

 

Fort Lauderdale, Florida

 

June 21, 2010

 

 

 

1.



 

CAPITAL CITY BANK GROUP, INC. 401(k) PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2009 and 2008

 

 

 

 

 

 

 

 

 

 

 

2009

 

2008

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

Cash

 

$

160

 

$

7,150

 

Investments, at fair value (Note 3)

 

 

16,303,354

 

 

13,229,612

 

 

 

 

 

 

 

 

 

Receivables

 

 

 

 

 

 

 

Dividends receivable

 

 

10,671

 

 

13,151

 

 

 

 

 

 

 

 

10,671

 

 

13,151

 

 

 

 

 

 

 

 

 

TOTAL AND NET ASSETS AVAILABLE FOR BENEFITS

 

$

16,314,185

 

$

13,249,913

 

 

 

 

 

 

 

See accompanying notes to financial statements.

 

2.

CAPITAL CITY BANK GROUP, INC. 401(k) PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Year ended December 31, 2009

 

 

 

 

 

 

 

 

 

 

Additions to net assets attributed to:

 

 

 

 

Investment income

 

 

 

 

Net appreciation in fair value of investments (Note 3)

 

$

1,349,681

 

Dividends and interest income

 

 

264,194

 

 

 

 

 

 

 

1,613,875

 

 

 

 

 

 

Contributions

 

 

 

 

Participant

 

 

1,713,405

 

Employer

 

 

354,951

 

Rollover

 

 

1,335

 

 

 

 

 

 

 

2,069,691

 

 

 

 

 

 

 

 

 

Total additions

 

 

3,683,566

 

 

 

 

 

 

Deductions from net assets attributed to:

 

 

 

 

Benefits paid to participants

 

 

619,294

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net increase

 

 

3,064,272

 

 

 

 

 

 

Net assets available for benefits

 

 

 

 

Beginning of year

 

 

13,249,913

 

 

 

 

 

 

 

 

 

End of year

 

$

16,314,185

 

 

 

 

 

 

See accompanying notes to financial statements.

 

3.

CAPITAL CITY BANK GROUP, INC. 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2009 and 2008

 

 

NOTE 1 - DESCRIPTION OF PLAN

The following description of the Capital City Bank Group, Inc. 401(k) Plan (the “Plan”) provides general information only. More complete information regarding the Plan’s provisions may be found in the Plan document.

General: The Plan, established on October 1, 1997, effective retroactive to January 1, 1997, is a defined contribution retirement plan under the provisions of Section 401(a) of the Internal Revenue Code (the “IRC”), which includes a qualified deferred arrangement as described in Section 401(k) of the IRC. The Plan is intended to provide benefits to all eligible employees of Capital City Bank Group, Inc. (the “Company”). Employees of the Company become eligible to participate in the Plan at the time of employment. Employees may enter the Plan on the first day of the month coinciding with or next following the date on which the employee becomes eligible to participate in the Plan.

Plan Administration: The overall responsibility for administering the Plan rests with the Company. However, the Company has delegated administration of the Plan to the Retirement Committee (the “Plan Administrator”). The Plan’s trustee, Capital City Trust Company (the “Trustee”), a subsidiary of the Company, is responsible for the management and control of the Plan’s assets.

Participant Contributions: Each year, participants may elect to contribute up to 100% of pretax annual compensation, as defined in the Plan and subject to certain limitations under the IRC. Participants may choose to change their deferral percentage at any time.

Employer Contributions: For 2009, the Company provided a 50% match on participant contributions of 6% or less. Only employees hired after January 1, 2002 and have completed 90 days of service are eligible for this match. No additional discretionary employer contributions were made for 2009.

Participant Accounts: Each participant’s account is credited with the participant’s contribution, the Company matching contributions, and allocations of Plan earnings based on the participant’s investment elections, and is charged with his or her withdrawals. Allocations of Plan earnings are based on account balances, as defined in the Plan. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. Each participant directs the investment of his or her account to any of the investment options available under the Plan.

Investment Options: Participants can direct their contributions into 25 investment options. Participants can change their investment elections and balances daily by way of internet, with their contributions being changed the next trading day.

 

 

(Continued)

 

4.

CAPITAL CITY BANK GROUP, INC. 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2009 and 2008

 

 

NOTE 1 - DESCRIPTION OF PLAN (Continued)

Benefits Paid to Participants: Upon termination of service due to death, disability, retirement or other reason, a participant will receive a lump-sum amount equal to the value of the vested interest in his or her account. Participants may also receive a distribution while in service upon demonstration of financial hardship.

Retirement, Death and Disability: A participant becomes fully vested in his or her account balance upon retirement, death or disability.

Vesting: Participants are immediately vested in their contributions plus actual earnings thereon. Vesting in the Company’s matching portion of their accounts plus actual earnings thereon is based on years of continuous service. A participant is 100% vested in the Company’s matching and discretionary contributions, and related earnings thereon, after three years of credited service (on a cliff basis). Credited service for vesting purposed requires 1,000 hours during the plan year.

Forfeitures: Forfeitures are used to reduce the employer contribution. Forfeitures were immaterial for 2009 and 2008.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting: The financial statements of the Plan are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions related to the reported amounts of assets, liabilities, and changes therein and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Payment of Benefits: Benefits are recorded when paid.

Plan Expenses: All plan expenses are paid by the Company.

Risks and Uncertainties: The Plan holds various investment securities, including Company common stock. Investment securities are exposed to various risks such as interest rate, market, liquidity and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the fair values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statement of net assets available for benefits.

 

 

(Continued)

 

5.


CAPITAL CITY BANK GROUP, INC. 401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
December 31, 2009 and 2008

 

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Adoption of New Accounting Standards: FASB Accounting Standards Codification: In June 2009, the FASB replaced The Hierarchy of Generally Accepted Accounting Principles, with the FASB Accounting Standards Codification TM (“The Codification” or “ASC”) as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with GAAP. Rules and interpretive releases of the Securities and Exchange Commission under authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. The Codification is effective for financial statements issued for periods ending after September 15, 2009.

Investment Valuation and Income Recognition: The Plan’s investments are reported at fair value. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.

Fair value is the price that would be received by the Plan for an asset or paid by the Plan to transfer a liability (an exit price) in an orderly transaction between market participants on the measurement date in the Plan’s principal or most advantageous market for the asset or liability. The effect of a change in valuation technique or its application on a fair value estimate is accounted for prospectively as a change in accounting estimate. When evaluating indications of fair value resulting from the use of multiple valuation techniques, the Plan is to select the point within the resulting range of reasonable estimates of fair value that is most representative of fair value under current market conditions. Fair value measurements are determined by maximizing the use of observable inputs and minimizing the use of unobservable inputs. The hierarchy places the highest priority on unadjusted quoted market prices in active markets for identical assets or liabilities (level 1 measurements) and gives the lowest priority to unobservable inputs (level 3 measurements). The three levels of inputs within the fair value hierarchy are defined as follows:

 

 

 

Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan has the ability to access as of the measurement date.

 

 

 

Level 2: Significant other observable inputs other than level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

 

 

 

Level 3: Significant unobservable inputs that reflect the Plan’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The following are descriptions of the valuation methods and assumptions used by the Plan to estimate the fair values of investments held directly by the Plan.

Mutual funds: The fair values of mutual fund investments are determined by obtaining quoted prices on nationally recognized security exchanges (Level 1 inputs).

 

 

(Continued)

 

6.



 

CAPITAL CITY BANK GROUP, INC. 401(k) PLAN

NOTES TO FINANCIAL STATEMENTS

December 31, 2009 and 2008

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Company common stock: Investments in Company common stock are valued by obtaining quoted prices on a national recognized security exchanges (Level 1 inputs).

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

Investments measured at fair value on a recurring basis are summarized below:

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements
at December 31, 2009 Using

 

 

 

 

 

 

Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

 

 

 

 

 

Mutual Funds

 

 

 

 

 

 

 

 

 

 

Money Market

 

$

5,362,098

 

$

—

 

$

—

 

Fixed Income

 

 

3,681,973

 

 

—

 

 

—

 

Balanced Funds

 

 

163,417

 

 

—

 

 

—

 

Domestic equities

 

 

4,679,708

 

 

—

 

 

—

 

International equities

 

 

1,397,423

 

 

—

 

 

—

 

 

 

 

 

 

 

 

Total Mutual Funds

 

 

15,284,619

 

 

—

 

 

—

 

Company common stock

 

 

1,018,735

 

 

—

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements
at December 31, 2008 Using

 

 

 

 

 

 

Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

 

 

 

 

 

Mutual Funds

 

$

11,754,593

 

$

—

 

$

—

 

Company common stock

 

 

1,475,019

 

 

—

 

 

—

 

 

 

(Continued)

7.


 

CAPITAL CITY BANK GROUP, INC. 401(k) PLAN

NOTES TO FINANCIAL STATEMENTS

December 31, 2009 and 2008

 

NOTE 3 - INVESTMENTS

The investments of the Plan are held in a trust fund administered by the Trustee. Investments that represent 5% or more of the Plan’s net assets available for benefits are separately identified as follows:

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

2009

 

2008

 

 

 

 

 

Investments at fair value

 

 

 

 

 

 

 

Vanguard Prime Obligation Fund
(5,314,573 and 5,173,671 shares)

 

$

5,314,573

 

$

5,173,671

 

Vanguard Institutional Index Fund
(0 and 17,901 shares)

 

 

n/a

 

 

1,477,522

 

Vanguard Index 500 Fund
(25,008 and 0 shares)

 

 

2,120,921

 

 

n/a

 

American Fund Europacific
(33,999 and 30,565 shares)

 

 

1,301,472

 

 

854,289

 

Capital City Bank Group, Inc. Common Stock (1)
(73,608 and 54,149 shares)

 

 

1,018,735

 

 

1,475,019

 

 

 

 

 

(1)

Party-in-interest

During the year ended December 31, 2009 the Plan’s investments, including gains and losses on investments bought and sold as well as held during the year, appreciated (depreciated) in value as follows:

 

 

 

 

 

Mutual Funds

 

$

2,035,637

 

Company common stock

 

 

(685,956

)

 

 

 

 

 

 

 

 

Net appreciation in fair value of investments

 

$

1,349,681

 

 

 

 

NOTE 4 – RIGHTS UPON PLAN TERMINATION

Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of the Employee Retirement Income Security Act of 1974. In the event of plan termination, participants would become 100% vested in their employer contributions and earnings thereon.

 

(Continued)

8.


 

CAPITAL CITY BANK GROUP, INC. 401(k) PLAN

NOTES TO FINANCIAL STATEMENTS

December 31, 2009 and 2008

 

NOTE 5 - TAX STATUS

The Internal Revenue Service issued an opinion letter dated March 31, 2008 indicating that the prototype adopted by the Plan, as then designed, was in compliance with applicable requirements of the Internal Revenue Code. Although the Plan has been amended from the original prototype document, Plan management believes that the Plan is currently being operated in accordance with the Internal Revenue Code.

NOTE 6 – PARTY IN INTEREST TRANSACTIONS

Parties-in-interest are defined under Department of Labor regulations as any fiduciary of the Plan, any party rendering service to the plan, the employer, and certain others. The Plan owns 73,608 and 54,149 shares of the Company’s common stock at December 31, 2009 and 2008, respectively, which represents approximately .43% and .32% of the outstanding common stock of the Company. Dividend income of $49,598 and $39,175 was recognized during 2009 and 2008 from the Plan’s investment in the Company’s common stock. This investment qualifies as a party-in-interest investment. The Trustee is a subsidiary of the Company. Certain administrative functions are performed by officers or employees of the Company. No such officer or employee receives compensation from the Plan. Administrative expenses of the Plan are absorbed by the Company.

NOTE 7 – PLAN AMENDMENTS

There were no Plan amendments for plan years 2009.

 

9.

SUPPLEMENTAL SCHEDULE


 

CAPITAL CITY BANK GROUP, INC. 401(k) PLAN

SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2009

 

 

Name of plan sponsor: Capital City Bank Group, Inc.

Employer identification number: 59-2273542

Three-digit plan number: 003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

 

(b)
Identity of Issuer,
Borrower, Lessor,
or Similar Party

 

(c)
Description of Investment
Including Maturity Date,
Rate of Interest,
Collateral, Par or
Maturity Value

 

(d)
**Cost

 

(e)
Current
Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vanguard

 

Mid-Cap Index,
13,413 shares

 

 

 

$

314,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vanguard

 

Total Bond Index,
34,916 shares

 

 

 

 

361,385

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DWS Reef

 

Real Estate Securities Fund,
7,177 shares

 

 

 

 

100,115

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds

 

High Income Fund,
20,521 shares

 

 

 

 

217,724

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vanguard

 

Developed Market Index Fund,
10,068 shares

 

 

 

 

95,951

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DWS Dreman

 

Small Cap Fund,
4,248 shares

 

 

 

 

133,732

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blackrock

 

Mid-Cap Value Fund,
16,324 shares

 

 

 

 

160,304

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds

 

Small-Cap Fund,
5,023 shares

 

 

 

 

159,669

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Van Kampen Funds

 

Equity Fund,
209,978 shares

 

 

 

 

163,417

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goldman Sachs

 

Structured U.S. Equity Fund,
2,475 shares

 

 

 

 

52,894

 

 

 

(Continued)

11.


 

CAPITAL CITY BANK GROUP, INC. 401(k) PLAN

SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2009

 

 

Name of plan sponsor: Capital City Bank Group, Inc.

Employer identification number: 59-2273542

Three-digit plan number: 003


 

 

 

 

 

 

 

 

 

 

 

(a)

 

(b)
Identity of Issuer,
Borrower, Lessor,
or Similar Party

 

(c)
Description of Investment
Including Maturity Date,
Rate of Interest,
Collateral, Par or
Maturity Value

 

(d)
**Cost

 

(e)
Current
Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

T Rowe Price

 

Real Estate Retail Shares,
4,855 shares

 

 

 

$

67,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vanguard

 

Inflation Protected Reinvestment,
905 shares

 

 

 

 

11,354

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vanguard

 

Prime Obligation Fund,
5,314,573 shares

 

 

 

 

5,314,573

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vanguard

 

Vanguard Index 500 Fund,
25,008 shares

 

 

 

 

2,120,921

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds

 

Europacific,
33,999 shares

 

 

 

 

1,301,472

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds

 

Fundamental Growth,
14,620 shares

 

 

 

 

478,669

 

 

 

 

 

 

 

 

 

 

 

 

 

 

American Funds

 

Growth Fund of America,
24,964 shares

 

 

 

 

681,011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Royce

 

Premier Investment,
28,219 shares

 

 

 

 

462,791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Select

 

Selected American Shares,
16,890 shares

 

 

 

 

629,141

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vanguard

 

Total Stock Market,
25,486 shares

 

 

 

 

699,590

 

 

 

(Continued)

12.


 

CAPITAL CITY BANK GROUP, INC. 401(k) PLAN

SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2009

 

 

Name of plan sponsor: Capital City Bank Group, Inc.

Employer identification number: 59-2273542

Three-digit plan number: 003


 

 

 

 

 

 

 

 

 

 

 

(a)

 

(b)
Identity of Issuer,
Borrower, Lessor,
or Similar Party

 

(c)
Description of Investment
Including Maturity Date,
Rate of Interest,
Collateral, Par or
Maturity Value

 

(d)
**Cost

 

(e)
Current
Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dreyfus Fund

 

Bond Market Index,
24,822 shares

 

 

 

 

255,917

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Van Kampen

 

Mid-Cap Growth,
31,306 shares

 

 

 

 

740,384

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Federated

 

Total Return Bond,
65,747 shares

 

 

 

 

714,672

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goldman Sachs

 

Financial Square Prime
Obligations, 47,525 shares

 

 

 

 

47,525

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Capital City Bank
Group, Inc.

 

Capital City Bank Group, Inc.
common stock, 73,608 shares

 

 

 

 

1,018,735

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

16,303,354

 

 

 

 

 

 

 

 

 

 

 

 

 

*  Represents party-in-interest

** Investment is participant directed; therefore historical cost is not required.

 

 

13.

CAPITAL CITY BANK GROUP, INC. 401(k) PLAN
EXHIBIT INDEX

 

 

 

Exhibit No.

 

Document

 

23.1

 

Consent of Crowe Horwath LLP

 

SIGNATURES

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

CAPITAL CITY BANK GROUP, INC. PROFIT SHARING 401(K) PLAN

 

 

 

By: Capital City Trust Company, Trustee

 

 

By: 

/s/ Randolph M. Pople

 

 

 

 

Randolph M. Pople, President

 

 

 

Dated: June 29, 2010