Capital City Bank Group, Inc. (CCBG): Business Model Canvas [Dec-2025 Updated]

You're looking to really understand how Capital City Bank Group, Inc. makes its money and stays so solid, especially coming off a strong Q3 2025 with a 1.47% Return on Assets. Honestly, digging into their Business Model Canvas shows a classic, relationship-focused bank that still manages to post above-peer profitability, supported by a rock-solid capital base-their Tangible Common Equity Ratio hit 10.66% recently. It's not just about having 63 offices; it's how they blend that local touch with diversified revenue from wealth and mortgage services to serve local businesses and consumers alike. Ready to see the nine blocks that make this 130-year-old institution tick? Dive in below for the full breakdown.

Capital City Bank Group, Inc. (CCBG) - Canvas Business Model: Key Partnerships

Correspondent banks for payment services are essential given Capital City Bank Group, Inc.'s operational footprint across Florida, Georgia, and Alabama, with 62 banking offices as of late 2025.

The commitment to the bank tech venture capital fund shows a focus on future-proofing operations. As of the last disclosed filing, the remaining outstanding commitment to the bank tech venture capital fund was $0.5 million. This followed prior contributions of $0.1 million in 2022 and $0.4 million in 2023 to this fund, which seeks technology solutions for community banks.

Technology vendors support the digital banking platforms. While specific vendor names aren't public, industry context suggests technology spend is substantial; for banks of a similar size, median tech budgets were reported around $3 million for banks between $1 billion and $5 billion in assets in 2024. Capital City Bank Group, Inc. had approximately $4.5 billion in assets as of Q1 2025.

The strategic alliance with the mortgage operations, now fully integrated, is reflected in revenue streams. Mortgage banking revenues showed an increase of $0.7 million in the first quarter of 2025 compared to the fourth quarter of 2024. For the first six months of 2025, mortgage banking revenues increased by $0.7 million compared to the same period in 2024.

Philanthropic efforts with local community organizations are managed through the Capital City Bank Group Foundation. The Foundation reinvested $208,000 into nearly 100 local charitable organizations across Florida, Georgia, and Alabama during the 2025 grant cycle.

Here's a look at the recent community investment figures:

• Foundation Grants (2025 Grant Cycle): $208,000
• Foundation Grants (2024): Approximately $0.3 million
• Sponsorships (2024): $361,000
• Community Service Hours (2024): 9,825 hours

The Foundation's asset base was reported around $5 million with a goal of $10 million by 2030.

You can see the breakdown of the 2025 Foundation grants below:

Capital City Bank Group, Inc. (CCBG) - Canvas Business Model: Key Activities

You're looking at the core engine of Capital City Bank Group, Inc. (CCBG) as of late 2025, focusing on what they actively do to generate revenue and manage assets, based on their Q3 2025 performance.

Core commercial and consumer lending/deposit taking

This is the bread and butter, managing the balance sheet through loans and deposits. For the third quarter of 2025, tax-equivalent net interest income hit $43.6 million. The net interest margin saw a nice bump, increasing four-basis points to 4.34%, helped by the cost of funds declining to 78 basis points.

On the balance sheet side, average total deposits for Q3 2025 were $3.612 billion, though this was down $68.4 million, or 1.86%, from the second quarter, largely due to seasonal public fund balances. Average loan balances also saw a slight dip, decreasing by $46.4 million, or 1.7%, sequentially.

Here's a quick look at the deposit composition as of the first quarter of 2025:

The bank maintains a relationship focus, evidenced by the Q1 2025 data showing an average account tenure of approximately 14 Years.

Wealth management and trust services

Fee income from wealth management is a key diversification point. For the first six months of 2025, noninterest income from wealth management fees grew by $1.8 million compared to the same period in 2024. Trust fees specifically contributed to this, showing an increase of $0.7 million for the first six months of 2025 over the prior year period.

It's important to note a strategic move in Q3 2025: Capital City Bank Group, Inc. completed the sale of its insurance subsidiary, Capital City Strategic Wealth, which contributed a $0.7 million gain to other income in that quarter. This activity impacts the fee structure going forward.

While the latest specific Assets Under Management (AUM) for late 2025 isn't in the Q3 report, the figure at the end of 2023 was approximately $2.588 billion. The Q1 2025 report showed wealth management fees increased by $0.5 million over Q4 2024, showing continued fee generation momentum.

The activities here include:

• Retail brokerage fees growth.
• Trust services administration.
• Insurance commission revenue generation.

Investment portfolio management for liquidity and yield

Managing the investment portfolio is critical for liquidity and supplementing interest income. As of March 31, 2025, the market value of the investment portfolio stood at $964 million. The strategy leans heavily toward high-quality, liquid assets, with 87% of that portfolio classified as Government securities at that time.

This portfolio contributed to the Q3 2025 results, as tax-equivalent net interest income increased due to a $0.5 million increase in investment securities income compared to the second quarter of 2025.

Key portfolio metrics from Q1 2025:

• Market Value: $964 million.
• Duration: 2.10 Years.
• Government Allocation: 87%.

Data processing services via Capital City Services Company

Specific, standalone financial figures for data processing services provided by Capital City Services Company were not explicitly detailed in the Q3 2025 earnings release or related summaries. The reported noninterest income streams were primarily driven by wealth management fees, mortgage banking revenues, and deposit fees. The closest related activity mentioned was the gain from the sale of the insurance subsidiary, Capital City Strategic Wealth, in Q3 2025, which is part of the broader wealth management segment, not a separate data processing revenue line item.

Finance: draft 13-week cash view by Friday.

Capital City Bank Group, Inc. (CCBG) - Canvas Business Model: Key Resources

You're mapping out the core assets Capital City Bank Group, Inc. relies on to deliver value. These aren't just line items; they are the bedrock of their operation, especially given the recent strong performance reported through Q3 2025.

The bank's financial strength is a primary resource. You see this clearly in their capital position, which remains robust. This excess capital acts as a buffer and supports growth initiatives, something important to watch as the economic environment shifts.

Physically, Capital City Bank Group, Inc. maintains a tangible footprint across its operating states. This physical presence supports relationship banking, which is central to their strategy. Also, the depth of experience within the leadership structure is a non-physical but critical asset.

The quality of their funding base is another key resource. A strong core deposit franchise provides stable, lower-cost funding, which directly impacts net interest margin, as evidenced by the margin performance in recent quarters.

Here's a quick look at the hard numbers underpinning these resources:

When you look closer at the human capital, you see significant institutional knowledge:

• CEO William G. Smith Jr. tenure since 1995: nearly 31 years.
• Tom Barron service dedication: 51 years.
• Bethany Corum as President of Capital City Bank since July 1, 2025, having served as COO since 2015.
• Average management team tenure: 2.2 years.
• Average Board of Directors tenure: 8.2 years.

The bank's asset base supports these operations. For instance, at the end of Q3 2025, Capital City Bank Group, Inc. reported total assets of approximately $4.3 billion. Also, the investment securities portfolio was valued at $984 million at the end of Q3 2025.

The deposit franchise strength is tied to its composition. Noninterest bearing deposits averaged 36.4% of total deposits for the third quarter of 2025. This low-cost funding is a tangible advantage.

Finance: draft 13-week cash view by Friday.

Capital City Bank Group, Inc. (CCBG) - Canvas Business Model: Value Propositions

You're looking at Capital City Bank Group, Inc. (CCBG) and trying to pin down what truly makes their value proposition stick in the market. Honestly, it boils down to a blend of deep-rooted stability and a surprisingly broad service offering for a regional player.

Full-service relationship banking model

The core value here is the commitment to being a partner, not just a transaction processor. This relationship-first approach is the engine driving their profitability. You see this commitment reflected in their operational footprint across Florida, Georgia, and Alabama, where they maintain 62 full-service offices and 108 ATMs/ITMs. This physical presence supports the local expertise that builds loyalty.

The focus on relationships directly impacts their primary profit driver, the Net Interest Margin (NIM). For the third quarter of 2025, CCBG expanded this margin to 4.34%. That's a four-basis point increase over the second quarter of 2025, showing they are effectively managing the cost of funds while securing solid asset yields. It's a good sign they are making smart, responsible loans that genuinely help clients grow their financial position.

Diversified financial solutions (banking, mortgage, wealth, insurance)

CCBG doesn't just stick to traditional deposits and credit; they actively push revenue diversification. They offer a full range of services that keep client finances under one roof. This is a key differentiator in the regional space. As of the end of the first quarter of 2025, income from Deposit, Wealth, Mortgage, and Bank Card Fees accounted for approximately 32% of total revenue. That's a substantial buffer against pure interest rate fluctuations.

Their mortgage arm, Capital City Home Loans, LLC (CCHL), adds another layer, boasting 28 mortgage banking offices across the Southeast. Furthermore, wealth management is a growing piece; for the first nine months of 2025, wealth management fees contributed to an increase in noninterest income. Even with the recent sale of their insurance subsidiary, Capital City Strategic Wealth, which generated a $0.7 million gain in Q3 2025, the remaining structure shows a clear intent to be a comprehensive financial provider.

Here's a quick look at some key Q3 2025 performance metrics that back up this diversified model:

Stability and trust from 130 years of operation

You can't buy 130 years of history; you earn it. Capital City Bank Group was founded in 1895, which means they have weathered over a century of financial cycles. This longevity is a massive intangible asset, signaling deep-seated trust within their operating communities. This history supports their current positioning as one of the largest publicly traded financial holding companies in Florida.

This stability is also visible in their capital strength. At September 30, 2025, the total risk-based capital ratio stood at 20.59%, well above the regulatory minimums for being classified as 'well-capitalized.' They defintely know how to maintain a fortress balance sheet.

Above-peer profitability (Q3 2025 ROA of 1.47%)

The execution of their strategy is evident in their profitability ratios, which management highlighted as being above their peer group. For the third quarter of 2025, Capital City Bank Group posted a Return on Assets (ROA) of 1.47%. That's a strong number for any bank, let alone a regional one.

This operational efficiency translated directly into shareholder returns, with the Return on Equity (ROE) reaching 11.67% for the same period. The first nine months of 2025 showed net income of $47.9 million, a clear step up from the $39.8 million reported in the same period of 2024. Their focus on margin expansion and disciplined cost control is paying off.

• Q3 2025 Diluted Earnings Per Share (EPS): $0.93
• Q3 2025 Net Income: $16.0 million
• Tangible Book Value per diluted share increased by 4.0% in Q3 2025

The bank's ability to generate high returns on its asset base, even while managing a slight seasonal decrease in deposits (down 2.4% on average from Q2 2025 due to public fund balances), shows the underlying quality of their core business.

Capital City Bank Group, Inc. (CCBG) - Canvas Business Model: Customer Relationships

When you look at Capital City Bank Group, Inc. (CCBG), the customer relationship aspect isn't just a soft metric; it's baked into the operational stability you see in their financials. The bank's strategy clearly centers on deep, local ties, which you can see reflected in their staff longevity and community investment.

Dedicated relationship bankers and personalized service

The bank's brand promise is 'More than your bank. Your banker.' This isn't just marketing fluff; it's supported by the experience level of the people serving you. You're not dealing with revolving-door staff; you're dealing with veterans. For instance, the average tenure of the Executive Team stands at a solid 31.6 years, and the Management Team averages 23.9 years on the job. This deep institutional and local knowledge is the foundation for personalized service, suggesting that relationship managers have the authority and experience to make decisions locally, which is key for a community bank.

Long-term client focus; average account tenure is ~14 years

The commitment to long-term relationships shows up directly in client stickiness. The data indicates that the Average Account Balance Tenure for Capital City Bank Group, Inc. clients is approximately ~14 Years. That's a long time to keep a client happy, especially in banking. This longevity suggests clients value the continuity of service over chasing the absolute best rate for a short period. To support this, the average tenure for all associates across the bank is about 9.4 years.

Here's a quick look at the stability metrics that underpin these relationships:

High-touch, advisory approach for wealth management clients

For clients needing more than basic transactional services, the advisory approach is clearly driving revenue growth. For the first nine months of 2025, wealth management fees grew by $2.2 million compared to the prior year period. This growth was fueled by a $1.1 million increase in trust fees and a $1.0 million rise in retail brokerage fees. This suggests that the advisory services-trust and brokerage-are seeing increased adoption or higher asset valuations, or both. As of March 31, 2025, Wealth Assets Under Management stood at $3.1 Billion. This scale requires a dedicated, high-touch service model to manage effectively.

Community-focused engagement and local decision-making

Capital City Bank Group, Inc. emphasizes that the cities where they have offices are where they live, which translates into tangible community investment. The Capital City Bank Group Foundation reinvested $208,000 in its 2025 grant cycle, supporting nearly 100 local charitable organizations across Florida, Georgia, and Alabama. This foundation, established in 1983, shows a long-term commitment to the region, not just a recent push. Furthermore, the bank supports associate involvement by matching their charitable gifts dollar-for-dollar up to $250 per associate, per year. This structure reinforces the local decision-making ethos, as decisions about where to deploy capital and support are made within the communities they serve, which is a core value of the bank.

The bank's physical footprint supports this local focus:

• Operates 62 full-service offices across Florida, Georgia, and Alabama.
• Maintains 108 ATMs/ITMs across its footprint.
• Total Assets were approximately $4.3 billion as of March 2025.

Finance: draft Q4 2025 community investment projection by end of January.

Capital City Bank Group, Inc. (CCBG) - Canvas Business Model: Channels

The distribution network for Capital City Bank Group, Inc. (CCBG) as of the first quarter of 2025 reflects a balanced approach, combining a physical footprint across Florida, Georgia, and Alabama with robust digital access points.

The physical channel strength is anchored by traditional banking offices, supplemented by self-service technology and dedicated lending outposts in key growth areas.

• Network of 63 traditional branch locations
• 104 ATMs and Interactive Teller Machines (ITMs)

Digital banking serves as a primary interface for routine transactions, supporting the physical network.

• Digital banking via mobile and online platforms

Strategic physical presence is maintained through specialized offices focused on credit origination in expanding metro and coastal regions.

• Loan production offices in high-growth markets, including Marietta, Georgia (Cobb County), Santa Rosa Beach, Florida, and Port Richey, Florida.

The composition of the physical network, as reported in the first quarter of 2025, is detailed below, showing the core branch count and the combined ATM/ITM fleet.

The Loan Production Offices (LPOs) are strategically placed to support lending activities in specific high-growth corridors, such as the Emerald Coast and the Northern Arc of Atlanta. For example, an LPO is located at 199 Roswell St. Northeast in Marietta, Georgia, and another at 116 MC Davis Blvd in Santa Rosa Beach, Florida. Another LPO is situated at 6709 Ridge Road in Port Richey, Florida.

Digital channel capabilities include the CCBMobile App, which allows users to view balances, transaction history, initiate transfers, and deposit checks securely from anywhere.

• CCBMobile App functionality: Account balance viewing, transaction history access, check deposit initiation, account transfers, and bill payment.

The bank subsidiary, Capital City Bank, founded in 1895, utilizes this multi-channel strategy to serve its approximately $4.3 billion in assets as of early 2025.

Capital City Bank Group, Inc. (CCBG) - Canvas Business Model: Customer Segments

You're looking at the core base that funds Capital City Bank Group, Inc. (CCBG) operations as of late 2025. The customer segments are clearly delineated, with deposit composition being a key metric for understanding the funding structure.

As of September 30, 2025, Capital City Bank Group, Inc. reported total deposits of $3.615 billion. This deposit base is segmented across several distinct groups, with a significant portion coming from commercial and retail clients, alongside government entities.

The primary funding sources, based on the expected composition, are detailed below, showing the relative weight of commercial versus individual banking relationships. The combined total for these two segments represents the core, non-public fund deposits.

The public sector provides a notable, though seasonally variable, component of the funding. You can see the actual public funds balance reported for the third quarter of 2025, which is a critical figure to monitor for liquidity planning.

• Public funds balances at September 30, 2025, totaled $497.9 million.
• Public funds balances at December 31, 2024, were $660.9 million.
• Noninterest bearing deposits averaged 36.4% of total deposits for the third quarter of 2025.

For the higher-value service lines, the wealth management division, operating under the Capital City Wealth brand, shows tangible growth in assets under management (AUM). This segment targets high-net-worth individuals seeking specialized financial stewardship.

• Assets under management grew by 18% to $3.049 billion as of April 22, 2025.
• Trust fees contributed to noninterest income, increasing by $0.7 million for the first six months of 2025.

The overall scale of Capital City Bank Group, Inc. is anchored by its balance sheet size, which supports these client-facing activities. Honestly, the AUM figure is a strong indicator of success in capturing that high-net-worth market.

The total assets of Capital City Bank Group, Inc. were reported at approximately $4.3 billion in April 2025, with a more recent figure of $4.32 Billion USD as of September 2025. This is the foundation for all these customer relationships.

Finance: draft 13-week cash view by Friday.

Capital City Bank Group, Inc. (CCBG) - Canvas Business Model: Cost Structure

You're looking at the expenses that keep Capital City Bank Group, Inc. running across its footprint. For a bank, the cost structure is heavily weighted toward personnel and physical presence, so you need to watch those line items closely.

Compensation and benefits for associates is a major component. As of early 2025 filings, Capital City Bank Group, Inc. had approximately 969 Associates on the payroll. This people-first philosophy, which guides their business, translates directly into significant payroll and benefit costs. To be fair, the noninterest expense report for Q3 2025 showed a decrease in compensation expense of $0.4 million from the prior quarter, mainly due to lower performance-based compensation.

Occupancy and equipment expenses tie directly to their physical footprint. Capital City Bank, the bank subsidiary, operates 63 banking offices across Florida, Georgia, and Alabama. Keeping those locations running, plus the 108 ATMs/ITMs, involves substantial fixed costs for leases, maintenance, and technology infrastructure.

The cost associated with potential loan defaults, the Provision for credit losses, is a key variable expense. For the third quarter of 2025, Capital City Bank Group, Inc. recorded a provision expense for credit losses of $1.9 million. This was an increase from the $0.6 million recorded in the second quarter of 2025.

General noninterest expense captures the day-to-day operating costs outside of direct compensation and occupancy. For the third quarter of 2025, the total noninterest expense was reported at $42.9 million. This figure was slightly higher than the $42.5 million reported in Q2 2025. The Q3 2025 increase was primarily driven by higher miscellaneous expenses of $0.7 million and professional fees of $0.1 million.

Here's a quick look at the key cost structure figures we have for the third quarter of 2025:

You can see how the noninterest expense breaks down into its main drivers:

• Compensation expense (decreased by $0.4 million from Q2 2025)
• Other expense (increased by $0.8 million from Q2 2025)
• Miscellaneous expenses (contributing $0.7 million to the increase in other expense)

The scale of the operation dictates these costs, which you can see reflected in the physical presence metrics:

• Number of Banking Offices: 63
• Number of Associates (as of early 2025): 969

Capital City Bank Group, Inc. (CCBG) - Canvas Business Model: Revenue Streams

The revenue streams for Capital City Bank Group, Inc. are primarily derived from traditional banking activities supplemented by fee-based services across its banking, wealth management, and mortgage operations as of late 2025.

Net Interest Income (Q3 2025: $43.6 million)

Tax-equivalent net interest income for the third quarter of 2025 totaled $43.6 million, up from $43.2 million in the second quarter of 2025. For the first nine months of 2025, this figure reached $128.4 million, compared to $118.0 million for the same period in 2024. The net interest margin for Q3 2025 was 4.34%.

Wealth management fees (Q3 2025 increase from trust/brokerage)

Wealth management fees contributed to noninterest income growth. Compared to the third quarter of 2024, wealth management fees increased by $0.4 million. Looking at the longer trend, for the first nine months of 2025, wealth management fees increased by $2.2 million over the first nine months of 2024. This increase was driven by:

• Trust fees increasing by $1.1 million.
• Retail brokerage fees increasing by $1.0 million.

Mortgage banking revenues (Q3 2025 increase of $0.6 million)

Mortgage banking revenues showed sequential improvement. The revenue increased by $0.6 million in the third quarter of 2025 compared to the second quarter of 2025, driven by higher production volume and gain on sale margin. Year-over-year, compared to the third quarter of 2024, mortgage banking revenues increased by $0.8 million. For the first nine months of 2025, this revenue stream saw an increase of $1.6 million.

Overall noninterest income for the third quarter of 2025 totaled $22.3 million, an increase of $2.3 million, or 11.6%, over the second quarter of 2025. This growth was supported by several fee and income sources, including a $0.7 million gain from the sale of the insurance subsidiary in Q3 2025.

Here is a breakdown of the key components contributing to the $2.3 million increase in Noninterest Income for Q3 2025 over Q2 2025:

Deposit and bankcard fees

Deposit fees specifically contributed $0.6 million to the sequential increase in noninterest income for the third quarter of 2025. When comparing the third quarter of 2025 to the third quarter of 2024, deposit fees increased by $0.4 million. Bankcard fees are included within the overall noninterest income, which saw a total increase of 11.6% in Q3 2025 over Q2 2025.