# EDGAR Filing Document

**Accession Number:** 0000726601
**File Stem:** 0000726601-25-000025
**Filing Date:** 2025-6
**Character Count:** 31296
**Document Hash:** 2a00d18a2afc9348f6d4452c933d6499
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000726601-25-000025.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0000726601-25-000025

**CONFORMED SUBMISSION TYPE**: 11-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20241231

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CAPITAL CITY BANK GROUP INC
- **CENTRAL INDEX KEY:** 0000726601
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 592273542
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 11-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-13358
- **FILM NUMBER:** 251073303

**BUSINESS ADDRESS:**
- **STREET 1:** 217 N MONROE ST
- **CITY:** TALLAHASSEE
- **STATE:** FL
- **ZIP:** 32301
- **BUSINESS PHONE:** 8506710300

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 11248
- **CITY:** TALLAHASSEE
- **STATE:** FL
- **ZIP:** 32302-3248

#### 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)

[X]

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

#### 1934
For the fiscal year ended December 31, 2024

#### OR
[ ]

#### 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:

The 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 as of December 31, 2024 and 2023, and for the year ended December 31, 2024, and

schedules of the Plan as of December 31, 2024 have been prepared in accordance with the financial

reporting requirements of ERISA.

F

INANCIAL

S

TATEMENTS AND

S

UPPLEMENTAL

S

CHEDULE

S

Capital City Bank Group, Inc. 401(k) Plan

December 31, 2024 and 2023

and Year Ended December 31, 2024

With Report of Independent Registered Public Accounting Firm

Capital City Bank Group, Inc. 401(k) Plan

Financial Statements and Supplemental Schedules

December 31, 2024 and 2023 and Year Ended December 31, 2024

#### 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 Schedules

Schedule H, Line 4a – Schedule of Delinquent Participant Contributions ....................................12

Schedule H, Line 4i – Schedule of Assets (Held at End of Year) .................................................13

#### Report of Independent Registered Public Accounting Firm
Plan Administrator, Plan Participants, and Retirement Committee

Capital City Bank Group, Inc. 401(k) Plan

Tallahassee, Florida

#### Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of Capital City Bank Group, Inc. 401(k)

Plan (Plan) as of December 31, 2024 and 2023, the related statement of changes in net assets available for benefits for the

year ended December 31, 2024, and the related notes (collectively referred to as the "financial statements"). In our

opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for

benefits of Capital City Bank Group, Inc. 401(k) Plan as of December 31, 2024 and 2023, and the changes in net assets

available for benefits for the year ended December 31, 2024 in conformity with accounting principles generally accepted

in the United States of America

#### Basis of Opinion
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 are a public accounting firm registered with the Public Company Accounting Oversight Board (United States)

("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws

and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and

perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement,

whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal

control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over

financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over

financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether

due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a

test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating

the accounting principles used and significant estimates made by management, as well as evaluating the overall

presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

#### Report on Supplemental Information
The supplemental information in the accompanying Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of

December 31, 2024 and Schedule H, Line 4a – Schedule of Delinquent Participant Contributions for the Year Ended

December 31, 2024 has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial

statements. The supplemental schedules are the responsibility of the Plan's management. Our audit procedures included

determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and

other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented

in the supplemental schedules. In forming our opinion on the supplemental schedules, we evaluated whether the

supplemental schedules, including their form and content, are presented in conformity with the Department of Labor's

Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our

opinion, the Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2024 and Schedule H,

Line 4a – Schedule of Delinquent Participant Contributions for the Year Ended December 31, 2024 are fairly stated, in all

material respects, in relation to the basic financial statements taken as a whole.

/s/

#### Forvis Mazars, LLP

#### Little Rock, Arkansas

#### June 25, 2025

#### We have served as the Plan's auditor since 2022.

Capital City Bank Group, Inc. 401(k) Plan

Statements of Net Assets Available for Benefits

#### December 31,

#### 2024

#### 2023

#### Assets
Investments at fair value

$

56,782,158

#### $48,086,856

Total assets

56,782,158

48,086,856

Net assets available for benefits

$

56,782,158

$

48,086,856

*See accompanying notes.* 

Capital City Bank Group, Inc. 401(k) Plan

Statement of Changes in Net Assets Available for Benefits

Year Ended December 31, 2024

#### 2024

#### Additions
Investment income:

Dividends and interest income

$

517,579

Net appreciation in fair value of investments

6,585,684

Total Investment Income

7,103,263

Contributions:

Participants

4,111,952

Employer

1,866,732

Rollover

172,937

Total Contributions

6,151,621

Total Additions

13,254,884

#### Deductions
Benefit payments

4,413,727

Administrative expenses

145,855

Total Deductions

4,559,582

Net increase

8,695,302

Net assets available for benefits at beginning of year

48,086,856

Net assets available for benefits at end of year

$

56,782,158

*See accompanying notes.* 

Capital City Bank Group, Inc. 401(k) Plan

Notes to Financial Statements

December 31, 2024 and 2023

1. Description of Plan

The following description of the Capital City Bank Group, Inc. 401(k) Plan (the "Plan") provides general

information about the Plan's provisions. Capital City Bank Group, Inc. (the "Company") is the plan

sponsor. Participants should refer to the Plan document and Summary Plan Description for a more

complete description of the Plan's provisions, copies of which may be obtained from the plan sponsor.

#### General
The Plan is a defined contribution retirement plan established 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 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 following the

date on which the employee becomes eligible to participate in the Plan.

Capital City Home Loans, LLC ("CCHL") became a wholly owned subsidiary of the Company on

January 1, 2025. Effective January 1, 2025, the Plan was restated to include the employees of CCHL and

merge the assets of CCHL's existing 401(k) plan. As a result of this merger, net plan assets of

approximately $16,632,000 were transferred to the Plan.

The overall responsibility for administering the Plan rests with the Company. However, the Company has

delegated administration of the Plan to the Company's Retirement Committee (the "Plan

Administrator"). The administrative and record-keeping services are outsourced to Empower Annuity

Insurance Company of America, while Reliance Trust serves as trustee and asset custodian. Strategic

Retirement Partners served as the 3(38) fiduciary for the plan year ended December 31, 2024.

Capital City Bank Group, Inc. 401(k) Plan

Notes to Financial Statements (continued)

1. Description of Plan (continued)

#### Contributions
Each year, participants may elect to contribute up to 100% of pretax annual compensation, as defined in

the Plan document and subject to certain limitations under the IRC. Participants may choose to change

their deferral percentage at any time. The Plan also includes an automatic contribution arrangement that

applies to all employees of the Company. The automatic deferral amount is 3% of eligible compensation.

The Plan auto-escalated participants' deferral rate by 1% annually each June until a 6% deferral rate is

achieved. Employees who do not wish to be automatically enrolled or auto-escalate may elect not to

defer or to defer another percentage. The Plan also allows participants who reach the age of 50 during the

taxable year to make catch-up contributions. Catch-up contributions are 401(k) elective deferral

contributions in excess of any limit on such contributions under the Plan subject to IRC limitations. The

Plan also allows participants to contribute monies as Roth contributions, subject to the same limitations as

are in place for pretax contributions.

For 2024, the Company provided a 50% match on participant contributions of 6% or less of eligible

compensation. Only employees hired after January 1, 2002, and who have completed 90 days of service,

are eligible for this match. In addition, only employees hired or rehired after December 31, 2019, are

eligible to receive a separate non-elective contribution equal to 3% of their eligible annual compensation,

calculated on a payroll basis. Ninety days of service is required before this non-elective contribution

begins. No additional discretionary employer contributions were made for 2024.

#### Participant Accounts
Each participant's account is credited with the participant's contribution, the Company matching

contributions, and effective January 1, 2020 the 3% non-elective contribution for eligible employees, and

allocations of Plan earnings based on the participant's investment elections; any withdrawal distribution

fees are charged to the participant account. Administrative expenses are paid by the Plan, the

participants, or directly by the Company, as defined in the Plan document and/or vendor agreements. 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.

#### Vesting
Participants are immediately vested in their contributions plus actual earnings thereon. Vesting in the

Company's matching portion of their accounts (including the 3% non-elective contributions) plus actual

earnings thereon is based on years of credited service. A participant is 100% vested in the Company's

matching, 3% non-elective and discretionary contributions (if any), and related earnings thereon, after

three years of credited service (on a cliff basis). Credited service for vesting purposes requires 1,000

Hours of Service during the Plan year.

A participant becomes fully vested in his or her account balance upon retirement, death or disability.

Capital City Bank Group, Inc. 401(k) Plan

Notes to Financial Statements (continued)

1. Description of Plan (continued)

#### Forfeitures
Forfeitures are used to reduce the employer contributions and/or pay Plan administrative expenses.

Unallocated forfeited balances as of December 31, 2024 and 2023 were approximately $44,800 and

$28,200, respectively. During 2024, forfeitures of approximately $52,900 were allocated to participant

accounts to offset administrative expenses. The Company used forfeitures of approximately $63,900 to

reduce Company contributions in 2024.

#### Payment of Benefits
Upon termination of service due to death, disability, retirement or other reason, participants (or their

beneficiary in the event of death) will, upon request, receive a lump-sum amount equal to the value of the

vested interest in their account. Participants may also receive a distribution while in service upon

demonstration of financial hardship or reaching age 59 ½. Participants that are qualified reservists and

are called upon for active duty for more than 179 days or an indefinite period may receive a distribution.

#### Administrative Expenses
The Plan's administrative expenses were paid, pro rata, by participants. Forfeitures were used to offset

participant expenses. Expenses relating to purchases, sales, transfers or distributions of the Plan's

investments are charged to the particular investment fund and/or participant to which the expense relates.

#### 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, as amended (ERISA). In the event of Plan termination,

participants would become 100% vested in their employer contributions and earnings thereon.

#### Amendments
On November 2, 2023, the Plan was amended to exclude certain additional types of compensation in the

definition of eligible compensation. The amendment was made retroactively to September 2017 to

coincide with the Plan document in effect at that time and subsequently.

On September 18, 2024, the Plan was amended to allow auto portability effective January 1, 2025,

whereby upon termination a third-party service provider will move the terminated participant's account

balance to an active account at a new employer's plan.

Capital City Bank Group, Inc. 401(k) Plan

Notes to Financial Statements (continued)

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

U.S. generally accepted accounting principles.

#### Payment of Benefits
Benefits are recorded when paid.

#### Contributions
Contributions from Plan participants and the matching contributions from the Employer are recorded in

the year in which the employee contributions are withheld from compensation.

#### Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles

requires management to make estimates and assumptions that affect the amounts reported in the financial

statements and accompanying notes and supplemental schedule. Actual results could differ from those

estimates.

#### Investment Valuation and Income Recognition
Investments held by the Plan are stated at fair value. Fair value is defined as the price that would be

received to sell an asset or paid to transfer a liability in an orderly transaction between market participants

at the measurement date (an exit price). See Note 3 for further discussion and disclosures related to fair

value measurements.

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded as earned.

Dividends are recorded on the ex-dividend date. Net appreciation / (depreciation) include the Plan's gains

and losses on investments bought and sold as well as held during the year.

#### Recent Accounting Pronouncements
Presently, Plan management is not aware of any recent accounting pronouncements from the Financial

Accounting Standards Board that will have a material impact on the Plan's present or future financial

statements.

Capital City Bank Group, Inc. 401(k) Plan

Notes to Financial Statements (continued)

3. Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an

orderly transaction between market participants on the measurement date (i.e., an exit price). The fair

value hierarchy prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy

gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities

(Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value

hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets that are accessible to the reporting entity at

the measurement date for identical assets and liabilities.

Level 2: Inputs other than quoted prices in active markets for identical assets and liabilities that

are observable either directly or indirectly for substantially the full term of the asset or liability.

Level 2 inputs include the following:

● quoted prices for similar assets and liabilities in active markets

● quoted prices for identical or similar assets or liabilities in markets that are not active

● observable inputs other than quoted prices that are used in the valuation of the asset or

liabilities (e.g., interest rate and yield curve quotes at commonly quoted intervals)

● inputs that are derived principally or corroborated by observable market data by correlation or

other means

Level 3: Unobservable inputs for the asset or liability (i.e., supported by little or no market activity).

Level 3 inputs include management's own assumption about the assumptions that market participants

would use in pricing the asset or liability (including assumptions about risk).

The level in the fair value hierarchy within which the fair value measurement is classified is determined

based upon the lowest level input that is significant to the fair value measurement in its entirety.

Following is a description of the valuation techniques and inputs used for each general type of

investments measured at fair value by the Plan. There have been no changes in the valuation techniques

used at December 31, 2024 and 2023.

*Company common stock*

: Valued at the closing price reported on the active market on which the common

stock is traded.

*Mutual funds*

: Valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are

open-ended mutual funds that are registered with the SEC. These funds are required to publish their daily

net asset value (NAV) and to transact at that price. The mutual funds held by the Plan are deemed to be

actively traded.

Capital City Bank Group, Inc. 401(k) Plan

Notes to Financial Statements (continued)

3. Fair Value Measurements (continued)

*Collective investment trusts:*

Valued at the NAV of units of a collective investment trust. The NAV, as

provided by the trustee, is used as a practical expedient to estimate fair value. The NAV is based on the

fair value of the underlying investments held by the fund less its liabilities. This practical expedient is not

used when it is determined to be probable that the fund will sell the investment for an amount different

than the reported NAV. Participant transactions (purchased and sales) may occur daily. There were no

unfunded commitments at December 31, 2024, or 2023. The fund has a daily redemption frequency and

redemption notice period.

The following tables set forth by level, within the fair value hierarchy, the Plan's assets carried at fair

value.

#### December 31, 2024

#### Level 1

#### Level 2

#### Level 3

#### Total
Company common stock

$

2,665,825

$

-

$

-

$

2,665,825

Mutual funds

12,537,491

-

-

12,537,491

Collective investment trusts

(a) -

-

-

41,578,842

$

15,203,316

$

-

$

-

$

56,782,158

#### December 31, 2023

#### Level 1

#### Level 2

#### Level 3

#### Total
Company common stock

$

1,991,663

$

-

$

-

$

1,991,663

Mutual funds

10,699,291

-

-

10,699,291

Collective investment trusts

(a) -

-

-

35,395,902

$

12,690,954

$

-

$

-

$

48,086,856

(a) These investments are valued based on NAV per unit, as provided by the trustee of the fund as

a practical expedient, and have not been classified in the fair value hierarchy. The fair value

amounts are provided to reconcile to the statement of net assets available for benefits.

4. Risks and Uncertainties

The Plan holds various investment securities. 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 statements of net assets available for benefits.

Capital City Bank Group, Inc. 401(k) Plan

Notes to Financial Statements (continued)

5. Related Party and Party-In-Interest Transactions

The Plan invests in the common stock of the Company. This transaction qualifies as party-in-interest

transaction; however, it is exempt from the prohibited transaction rules under ERISA. During 2024, the

Plan received common stock cash dividends of $62,632 from 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 netted directly from the participant

accounts and were $145,855 as of December 31, 2024. In 2024, the Plan paid $111,855 of recordkeeping

fees to Empower Annuity Insurance Company of America. Individually nonmaterial expenses paid to

other parties in interest aggregated $34,000 during the year ended December 31, 2024. Additionally,

purchases and sales of the Company's stock by participants were approximately $193,000 and $39,000,

respectively, during 2024.

6. Tax Status

The underlying pre-approved plan has received an opinion letter from the Internal Revenue Service (IRS)

dated November 14, 2022, stating that the written form of the underlying pre-approved document is

qualified under Section 401 of the IRC. Any employer adopting this form of the plan will be considered

to have a plan qualified under Section 401 of the IRC, and, therefore, the related trust is tax-exempt. Once

qualified, the Plan is required to operate in conformity with the IRC to maintain its qualified status. The

plan administrator believes the Plan is being operated in compliance with the applicable requirements of

the IRC and, therefore, believes the Plan is qualified and the related trust is tax exempt.

Accounting principles generally accepted in the United States require plan management to evaluate tax

positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that

more likely than not would not be sustained upon examination by the IRS. Plan management has analyzed

the tax positions taken by the Plan, and has concluded that there are no uncertain positions taken or

expected to be taken. The Plan is subject to routine audits by taxing jurisdictions; however, currently there

are no audits for any tax periods in progress.

7. Nonexempt Transaction

Defined-contribution plans are required to remit employee contributions to the Plan as soon as they can be

reasonably segregated from the employer's general assets. Employee contributions of $9,801 were not

remitted within the required time period for the year ended December 31, 2023. The instance of late

remittance of employee contributions was corrected by the Company during 2024 through the DOL

Voluntary Fiduciary Correction Program, including restoration of applicable lost earnings.

Supplemental Schedules

Capital City Bank Group, Inc. 401(k) Plan

Plan No. 003 EIN 59-2273542

Schedule H, Line 4a - Schedule of Delinquent Participant Contributions

Year Ended December 31, 2024

#### Year

#### Participant

#### Contributions

#### Transferred Late

#### to Plan

#### Contributions Not

#### Corrected

#### Contributions

#### Corrected Outside

#### VFCP

#### Contributions

#### Pending

#### Correction in

#### VFCP

#### Total Fully

#### Corrected under

#### VFCP and PTE

#### 2002-51
2023

$

9,801

$

-

$

-

$

-

$

9,801

Capital City Bank Group, Inc. 401(k) Plan

Plan No. 003 EIN 59-2273542

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

December 31, 2024

#### Identity of Issue, Borrower,

#### Lessor, or Similar Party

#### Description of Investment Including Maturity Date, Rate of

#### Interest, Collateral, Par, or Maturity Value

#### Cost

#### Current

#### Value
Mutual funds:

Cohen & Steers

Real Estate Securities Z, 18,195 shares

#### \*\*
$

314,223

Fidelity

Advisor Small Cap Growth I, 45,988 shares

1,543,357

Fidelity

Advisor Total Bond I, 86,290 shares

810,264

PGIM

High-Yield R6, 36,109 shares

172,242

Fidelity

Emerging Markets Index, 51,173 shares

535,266

Franklin Templeton

Franklin Utilities R6, 21,718 shares

494,091

Touchstone

Mid Cap Y, 7,407 shares

408,988

MFS

Mid Cap Value R6, 4,429 shares

140,791

JP Morgan

100% U.S. Treas Sec MM Inst, 1,961,315 shares

1,961,315

MFS

Md Cap Growth R6, 23,961 shares

752,851

Vanguard

Mid Cap Index Fund - Admiral, 4,409 shares

1,441,175

Fidelity

Advisor Growth Opps Z, 9,895 shares

1,988,813

Pimco

RAE US Small Instl, 17,040 shares

194,255

American

Funds Mortgage R6, 3,818 shares

32,869

T. Rowe Price

U.S. Equity Research, 11,796 shares

689,715

Blackrock

Advantage Small Cap Core K, 17,249 shares

317,553

Vanguard

Equity Income ADM, 8,390 shares

739,723

Total

12,537,491

Collective investment trusts:

Blackrock

Equity Index Fund R, 5,196 shares

4,328,103

Blackrock

Lifepath Index Retirement S, 223,445 shares

4,858,801

Blackrock

Lifepath Index 2030 Fund S, 115,817 shares

3,998,034

Blackrock

Lifepath Index 2035 Fund S, 180,396 shares

6,992,327

Blackrock

Lifepath Index 2040 Fund S, 124,851 shares

5,349,924

Blackrock

Lifepath Index 2045 Fund S, 84,159 shares

3,939,295

Blackrock

Lifepath Index 2050 Fund S, 63,986 shares

3,053,785

Blackrock

Lifepath Index 2055 Fund S, 88,179 shares

2,215,130

Blackrock

Lifepath Index 2060 Fund S, 54,771 shares

1,333,335

Blackrock

Lifepath IDX 2065 Fund Fee S, 37,092 shares

575,028

Blackrock

MSCI ACWI ex-U.S. Index R, 42,214 shares

698,778

Blackrock

Russell 1000 Growth R, 60,193 shares

2,640,062

Blackrock

Russell 1000 Value Index Fund R, 22,082 shares

508,363

Blackrock

Russell 2000 Index Fund R, 4,056 shares

1,087,877

Total

41,578,842

Company common stock:

\*Capital City Bank Group, Inc.

Capital City Bank Group Stock, 72,737 shares

2,665,825

$

56,782,158

\* Party-in-interest

\*\* Participant-directed investment, cost not required

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

#### EXHIBIT INDEX
Exhibit No. Document

23.1\*

[Consent of Forvis Mazars, LLP, Independent Registered Certified Public Accounting](exhibit231.htm)

[Firm](exhibit231.htm)

\*Filed herewith

#### 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. 401(K) PLAN
By: /s/ Bethany H. Corum

Bethany H. Corum, Chief Operating Officer

Capital City Bank Group, Inc.

Retirement Committee, Chairman

Dated: June 25, 2025

## Exhibit 23.1

Exhibit 23.1

#### Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 333-36693)

of our report dated , with respect to the statement of net assets available for benefits as of December 31,

2024 and 2023 and the related statement of changes in net assets available for benefits for the year ended

December 31, 2024 supplemental schedule H, line 4i – schedule of assets (held at end of year) as of

December 31, 2024, and supplemental schedule H, line 4a – schedule of delinquent participant

contributions for the year ended December 31, 2024, of Capital City Bank Group Inc 401(k) Plan

included in this Annual Report on Form 11-K for the year ended December 31, 2024.

/s/ Forvis Mazars, LLP

#### Little Rock, Arkansas

#### June 25, 2025