What Capital City Bank Group, Inc. told the SEC could break it.

CCBG's interest-earning assets are heavily concentrated in mortgage loans secured by Florida and Georgia real estate, with ~85.7% of loans including real estate as collateral — elevated regional loss risk.

“Our interest-earning assets are heavily concentrated in mortgage loans secured by real estate, particularly real estate located in Florida and Georgia. At December 31, 2025, approximately 85.7% of our loans included real estate as a primary, secondary, or tertiary component of collateral.”

Severe weather events in CCBG's markets have driven significantly higher property and casualty insurance premiums for customers, which may depress real estate sales and collateral values securing the bank's loans.

“many of our customers have incurred significantly higher property and casualty insurance premiums on their properties located in our markets, which may adversely affect real estate sales and values in our markets.”

62.9% of CCBG's investment securities are designated available-for-sale, so interest-rate-driven declines in their fair value reduce shareowners' equity.

“A portion of our investment securities portfolio (62.9%) at December 31, 2025 has been designated as available-for-sale pursuant to U.S. generally accepted accounting principles”

Construction loans (5.8% of the portfolio) face cost-overrun risk from factors including tariff, trade and immigration policies, which could leave collateral insufficient to repay the loan.

“If our estimate is inaccurate or if actual construction costs exceed estimates, which could be impacted by factors outside of our control, including tariff, trade, and immigr”