secwatch.observer — SEC 8-K summary
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Issuer:     CAPITAL CITY BANK GROUP INC (CCBG)
CIK:        0000726601
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001171200-23-000452
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CCBG to restate prior financials for inter-company accounting errors; late filing of Q3 10-Q
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- Identified improper inter-company mortgage loan purchase accounting between Capital City Bank and Capital City Home Loans.
- Restatement affects FY2022, Q1-Q3 2022, and Q1-Q2 2023; Q3 2023 earnings release also no longer reliable.
- Errors impact mortgage banking revenues, loan interest, compensation, other income, taxes, net income, loans, assets, liabilities, and equity.
- Expects to report a material weakness in internal controls; will implement remediation and file amended reports.
- Unable to file Q3 2023 10-Q on time due to the accounting review.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/726601/000117120023000452/0001171200-23-000452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/726601/000117120023000452/i23457_ccbg-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-23-000452

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