Financial Analysis

Note 21 COMMITMENTS AND CONTINGENCIES Lending Commitments . The Company is a party to financial instruments with off-balance sheet risks in the normal course of business to meet the financing needs of its clients. These financial instruments consist of commitments to extend credit and standby letters of credit. The Companys maximum exposure to credit loss under standby letters of credit and commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in establishing commitments and issuing letters of credit as it does for on-balance sheet instruments. At December 31, the amounts associated with the Companys off-balance sheet obligations were as follows: 2025 2024 (Dollars in Thousands) Fixed Variable Total Fixed Variable Total Commitments to Extend Credit (1) $ 188,834 $ 456,328 $ 645,162 $ 184,223 $ 479,191 $ 663,414 Standby Letters of Credit 7,828 - 7,828 7,287 - 7,287 Total $ 196,662 $ 456,328 $ 652,990 $ 191,510 $ 479,191 $ 670,701 (1) - Commitments include unfunded loans, revolving lines of credit, and off-balance sheet residential loan commitments. Commitments to extend credit are agreements to lend to a client so long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Note 15 EMPLOYEE BENEFIT PLANS Pension Plan The Company sponsors a noncontributory pension plan covering a portion of its associates. On December 30, 2019, the plan was amended to remove plan eligibility for new associates hired after December 31, 2019. There were no amendments to the Plan in 2020 or 2021. The Plan was also amended in December 2022, effective January 1, 2020, increasing the required minimum distribution age to 72 , per the SECURE Act 1.0. During 2023 and effective January 1, 2023, the Plan was amended increasing the required minimum distribution age to 73 , per the SECURE Act 2.0. Benefits under this plan generally are based on the associates total years of service and average of the five highest years of compensation during the ten years immediately preceding their departure. The Companys general funding policy is to contribute amounts sufficient to meet minimum funding requirements as set by law and to ensure deductibility for federal income tax purposes. The following table details on a consolidated basis the changes in benefit obligation, changes in plan assets, the funded status of the plan, components of pension expense, amounts recognized in the Companys Consolidated Statements of Financial Condition, and major assumptions used to determine these amounts. (Dollars in Thousands) 2025 2024 2023 Change in Projected Benefit Obligation: Benefit Obligation at Beginning of Year $ 123,019 $ 120,287 $ 108,151 Service Cost 3,441 3,715 3,488 Interest Cost 6,706 6 …

CompensationAndEmployeeBenefitPlansTextBlock · excerpt; the full note is in the filing

(Dollars in Thousands) 2025 2024 2023 Net realized gain on sales of mortgage loans $ 13,605 $ 11,492 $ 5,297 Net change in unrealized gain on mortgage loans held for sale 326 (384) (252) Net change in the fair value of mortgage loan commitments 216 (275) (296) Net change in the fair value of forward sales contracts (180) 305 (395) Pair-Offs on net settlement of forward sales contracts (473) 331 367 Mortgage servicing rights additions 167 303 651 Net origination fees 3,298 2,571 5,028 Total mortgage banking revenues $ 16,959 $ 14,343 $ 10,400

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Note 14 STOCK-BASED COMPENSATION At December 31, 2025, the Company had three stock-based compensation plans, consisting of the 2021 Associate Incentive Plan (AIP), the 2021 Associate Stock Purchase Plan (ASPP), and the 2021 Director Stock Purchase Plan (DSPP). These plans, which were approved by the shareowners in April 2021, replaced substantially similar plans approved by the shareowners in 2011. Total compensation expense associated with these plans for the years ended December 31, 2025, 2024 and 2023 was $ 3.2 million, $ 2.7 million, and $ 2.1 million, respectively. AIP. The AIP allows key associates and directors to earn various forms of equity-based incentive compensation. Under the AIP, there were 700,000 shares reserved for issuance. On an annual basis, the Company, pursuant to the terms and conditions of the AIP, will create an annual incentive plan (Plan), under which all participants are eligible to earn performance shares. Awards to associates under the 2021 Plan were tied to internally established goals. At base level targets, the grant-date fair value of the shares eligible to be awarded in 2025 was approximately $ 1.3 million. For 2025, a total of 34,852 shares were eligible for issuance, but additional shares could be earned if performance exceeded established goals. A total of 55,049 shares were earned for 2025 that were issued in January 2026. For the years ended December 31, 2025, 2024 and 2023, Directors earned 8,230 , 10,870 and 8,840 shares, respectively …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

"Note 22 FAIR VALUE MEASUREMENTS The fair value of an asset or liability is the exchange price that would be received were the Bank to sell that asset or paid to transfer that liability (exit price) in an orderly transaction occurring in the principal market (or most advantageous market in the absence of a principal market) for such asset or liability. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. Such valuation techniques are consistently applied. Inputs to valuation techniques include the assumptions that market participants would use in pricing an asset or liability. ASC Topic 820 establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date . Level 2 Inputs - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are obser …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Note 8 GOODWILL AND OTHER INTANGIBLES At December 31, 2025 and 2024, the Company had goodwill of $ 89.1 and $ 91.8 million, respectively. Goodwill is tested for impairment on an annual basis, or more often if impairment indicators exist. Testing allows for a qualitative assessment of goodwill impairment indicators. If the assessment indicates that impairment has more than likely occurred, the Company must compare the estimated fair value of the reporting unit to its carrying amount. If the carrying amount of the reporting unit exceeds its estimated fair value, an impairment charge is recorded equal to the excess. On April 30, 2021, CCSW acquired substantially all of the assets of Strategic Wealth Group, LLC (SWG), including advisory, service, and insurance carrier agreements, and the assignment of all related revenues thereof. Under the terms of the purchase agreement, SWG principles became officers of CCSW and will continue the operation of their five offices in South Georgia offering wealth management services and comprehensive risk management and asset protection services for individuals and businesses. CCBG paid $ 4.5 million in cash consideration and recorded goodwill of $ 2.8 million and a customer relationship intangible asset ( 10 year life) of $ 1.6 million. In September 2025, CCSW was sold resulting in $ 2.8 million and $ 0.9 million reduction in goodwill and customer relationship intangible asset , respectively. Amortization expense related to the customer relation …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Note 13 INCOME TAXES The provision for income taxes reflected in the Consolidated Statements of Comprehensive Income is comprised of the following components: (Dollars in Thousands) 2025 2024 2023 Current: Federal $ 16,482 $ 13,388 $ 11,630 State 2,089 1,568 1,893 18,571 14,956 13,523 Deferred: Federal 1,077 (877) (391) State 673 (116) (351) Change in Valuation Allowance (161) (39) 259 1,589 (1,032) (483) Total: Federal 17,559 12,511 11,239 State 2,762 1,452 1,542 Change in Valuation Allowance (161) (39) 259 Total $ 20,160 $ 13,924 $ 13,040 Income taxes provided were different than the tax expense computed by applying the statutory federal income tax rate of 21 % to pre-tax income as a result of the following: (Dollars in Thousands) 2025 2024 2023 Tax Expense at Federal Statutory Rate $ 17,161 21.0 % $ 13,769 21.0 % $ 13,411 21.0 % State Taxes, Net of Federal Benefit (1) 2,021 2.5 1,040 1.6 1,401 2.2 Federal Tax Credits: Renewable Energy (2) 184 0.2 (2,093) (3.2) (1,938) (3.0) Nontaxable or Nondeductible Items: Tax Exempt Interest Income, Net of Interest Expense Disallowance (120) (0.1) (161) (0.3) (259) (0.4) Tax-Exempt Cash Surrender Value Life Insurance Benefit (211) (0.3) (201) (0.3) (187) (0.3) Other 1,309 1.6 1,025 1.6 484 0.7 Changes in Unrecognized Tax Benefits 36 0.1 66 0.1 77 0.1 Other Adjustments: Noncontrolling Interest - - 340 0.5 293 0.5 Other Items, Net (220) (0.3) 139 0.2 (242) (0.4) Actual Tax Expense $ 20,160 24.7 % $ 13,924 21.2 % $ 13,040 20.4 % (1) Compri …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Note 7 LEASES Operating leases in which the Company is the lessee are recorded as operating lease right of use (ROU) assets and operating liabilities, included in other assets and liabilities , respectively, on its Consolidated Statement of Financial Condition. Operating lease ROU assets represent the Companys right to use an underlying asset during the lease term and operating lease liabilities represent the Companys obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents the Companys incremental borrowing rate at the lease commencement date. Operating lease expense, which is comprised of amortization of the ROU asset and the implicit interest accreted on the operating lease liability, is recognized on a straight-line basis over the lease term and is recorded in occupancy expense in the Consolidated Statement of Income. The Companys operating leases primarily relate to banking offices with remaining lease terms from one to forty-two years . The Companys leases are not complex and do not contain residual value guarantees, variable lease payments, or significant assumptions or judgments made in applying the requirements of ASC Topic 842. Operating leases with an initial term of 12 months or less are not recorded on the Consolidated Statement of Financial Condition and the related lease expense is reco …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Note 12 LONG-TERM BORROWINGS Federal Home Loan Bank Advances. The Company had one FHLB long-term advance for $ 0.1 million at December 31, 2024. This outstanding balance was reclassified to Short-Term Borrowings in 2024, matured in 2025, and had a rate of 4.80%. FHLB advances are collateralized by a floating lien on certain 1-4 family residential mortgage loans, commercial real estate mortgage loans, and home equity mortgage loans. Interest on the FHLB advances is paid on a monthly basis. Long-term Notes Payable . During 2024, the Company entered into two notes payable totaling $ 0.8 million with the third-party vendor for its retail brokerage platform. The notes mature in 2031 and accrue interest at the minimum federal rate per annum published by the Internal Revenue Service. The notes are forgivable in annual installments commencing one year after the issuance date. For the year ended December 31, 2025, $ 0.1 million of the balance was forgiven, and the carrying amount of the notes payable was $ 0.7 million at December 31, 2025. Junior Subordinated Deferrable Interest Notes. The Company has issued two junior subordinated deferrable interest notes to wholly owned Delaware statutory trusts. The first note for $ 30.9 million was issued to CCBG Capital Trust I. The second note for $ 32.0 million was issued to CCBG Capital Trust II. The two trusts are considered variable interest entities for which the Company is not the primary beneficiary. Accordingly, the accounts of the trus …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recently Adopted Accounting Pronouncements ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 is intended to enhance transparency and decision usefulness of income tax disclosures. The ASU addresses investor requests for more transparency about income tax information through improvements to income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. Retrospective application in all prior periods is permitted. ASU 2023-09 will be effective for the company on January 1, 2025. The adoption of the standard did not have a material impact on its consolidated financial statements. Refer to Note 13 Income Taxes. Issued But Not Yet Effective Accounting Standards ASU No. 2023-06, Disclosure Improvements: Codification Amendments in Response to the SECs Disclosure Update and Simplification Initiative. ASU 2023-06 is intended to clarify or improve disclosure and presentation requirements of a variety of topics, which will allow users to more easily compare entities subject to the SECs existing disclosures with those entities that were not previously subject to the requirements and align the requirements in the FASB accounting standard codification with the SECs regulations. ASU 2023 -06 is to be applied prospectively, and early adoption is prohibited. For reporting entities subject to the SECs existing disclosure requirements, the effective dates of ASU 2023-06 will be the date on which the SECs remova …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Note 19 RELATED PARTY TRANSACTIONS At December 31, 2025 and 2024, certain officers and directors were indebted to the Bank in the aggregate amount of $ 5.3 million and $ 4.8 million, respectively. During 2025 and 2024, $ 1.7 million and $ 0.7 million in new loans were made, respectively, and repayments totaled $ 1.2 million and $ 2.2 million, respectively. These loans were all current at December 31, 2025 and 2024. Deposits from certain directors, executive officers, and their related interests totaled $ 40.9 million and $ 42.7 million at December 31, 2025 and 2024, respectively. The Company leases land from a partnership (Smith Interests General Partnership L.L.P.) in which William G. Smith, Jr. has an interest. The Company made lease payments totaling $ 0.1 million in 2025, $ 0.1 million in 2024, and $ 0.2 million in 2023. In December 2023 the lease payments adjusted to $ 0.1 million annually due to a reduction in the size of the parcel leased by the Company. The payments under the lease agreement provide for annual lease payments of approximately $ 0.1 million annually through December 2033, and thereafter, increase by 5 % every 10 years until 2053 at which time the rent amount will adjust based on reappraisal of the parcel rental value. The Company then has four successive options to extend the lease for five years each with rental increases of 5 % at each extension. Further, in accordance with this lease agreement, the Company made payments of $ 0.5 million in May 2024 a …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

Note 24 SEGMENT REPORTING The Company operates a single reportable business segment that is comprised of commercial banking within the states of Florida, Georgia, and Alabama. The Companys CEO is deemed the Chief Operating Decision Maker (CODM). The CODM evaluates the financial performance of the Company by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Companys single reporting segment and in the determination of allocating resources. The CODM uses consolidated net income to benchmark the Company against peers and to evaluate performance and allocate resources. Significant revenue and expense categories evaluated by the CODM are consistent with the presentation of the Consolidated Statement of Income and components of other noninterest expense as presented in Note 20. …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 8 - COMMITMENTS AND CONTINGENCIES Lending Commitments . The Company is a party to financial instruments with off-balance sheet risks in the normal course of business to meet the financing needs of its clients. These financial instruments consist of commitments to extend credit and standby letters of credit. The Companys maximum exposure to credit loss under standby letters of credit and commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in establishing commitments and issuing letters of credit as it does for on-balance sheet instruments. The amounts associated with the Companys off-balance sheet obligations were as follows: June 30, 2026 December 31, 2025 (Dollars in Thousands) Fixed Variable Total Fixed Variable Total Commitments to Extend Credit (1) $ 187,192 $ 450,348 $ 637,540 $ 188,834 $ 456,328 $ 645,162 Standby Letters of Credit 7,298 - 7,298 7,828 - 7,828 Total $ 194,490 $ 450,348 $ 644,838 $ 196,662 $ 456,328 $ 652,990 (1) Commitments include unfunded loans, revolving lines of credit, and off-balance sheet residential loan commitments. Commitments to extend credit are agreements to lend to a client so long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commit …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 7 - EMPLOYEE BENEFIT PLANS The Company has a defined benefit pension plan covering substantially all full-time and eligible part-time associates and a Supplemental Executive Retirement Plan (SERP) and a Supplemental Executive Retirement Plan II (SERP II) covering its executive officers. The defined benefit plan was amended in December 2019 to remove plan eligibility for new associates hired after December 31, 2019. The SERP II was adopted by the Companys Board on May 21, 2020 and covers certain executive officers that were not covered by the SERP. The components of the net periodic benefit cost for the Companys qualified benefit pension plan were as follows: Three Months Ended June 30, Six Months Ended June 30, (Dollars in Thousands) 2026 2025 2026 2025 Service Cost $ 832 $ 860 $ 1,665 $ 1,720 Interest Cost 1,532 1,676 3,063 3,353 Expected Return on Plan Assets (2,218) (2,264) (4,435) (4,529) Net Loss Amortization (473) (414) (947) (827) Net Periodic Benefit Cost $ (327) $ (142) $ (654) $ (283) Discount Rate 5.67% 5.82% 5.67% 5.82% Long-term Rate of Return on Assets 6.50% 6.75% 6.50% 6.75% The components of the net periodic benefit cost for the Companys SERP and SERP II were as follows: Three Months Ended June 30, Six Months Ended June 30, (Dollars in Thousands) 2026 2025 2026 2025 Service Cost $ 19 $ 12 $ 38 $ 23 Interest Cost 150 131 300 264 Prior Service Cost Amortization 25 26 51 51 Net Loss Amortization 238 (29) 475 (58) Net Periodic Benefit Cost $ 432 $ 140 $ 864 $ …

CompensationAndEmployeeBenefitPlansTextBlock · excerpt; the full note is in the filing

Three Months Ended June 30, Six Months Ended June 30, (Dollars in Thousands) 2026 2025 2026 2025 Net realized gains on sales of mortgage loans $ 3,529 $ 3,605 $ 6,479 $ 6,485 Net change in unrealized gain (loss) on mortgage loans held for sale 370 (62) 329 171 Net change in the fair value of IRLCs (111) (91) 162 405 Net change in the fair value of forward sales contracts (179) (109) 30 (285) Pair-Offs on net settlement of forward sales contracts 116 16 192 (169) Mortgage servicing rights additions 70 24 96 44 Net origination fees 865 807 1,624 1,359 Total mortgage banking revenues $ 4,660 $ 4,190 $ 8,912 $ 8,010

DisaggregationOfRevenueTableTextBlock

"NOTE 9 FAIR VALUE MEASUREMENTS The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction occurring in the principal market (or most advantageous market in the absence of a principal market) for such asset or liability. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. Such valuation techniques are consistently applied. Inputs to valuation techniques include the assumptions that market participants would use in pricing an asset or liability. Accounting Standards Codification Topic 820 establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date . Level 2 Inputs - Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable f …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

NOTE 6 LEASES Operating leases in which the Company is the lessee are recorded as operating lease right of use (ROU) assets and operating liabilities, included in other assets and liabilities, respectively, on its Consolidated Statements of Financial Condition. The Companys operating leases primarily relate to banking offices with remaining lease terms from less than one to 39 years. The Companys leases are not complex and do not contain residual value guarantees, variable lease payments, or significant assumptions or judgments made in applying the requirements of Topic 842. Operating leases with an initial term of 12 months or less are not recorded on the Consolidated Statements of Financial Condition and the related lease expense is recognized on a straight-line basis over the lease term. At June 30, 2026, the operating lease ROU assets and liabilities were $ 25.7 million and $ 26.4 million, respectively. At December 31, 2025, ROU assets and liabilities were $ 26.3 million and $ 26.9 million, respectively. The Company does not have any finance leases. The table below summarizes our lease expense and other information related to the Companys operating leases. Three Months Ended Six Months Ended June 30, June 30, (Dollars in Thousands) 2026 2025 2026 2025 Operating lease expense $ 909 $ 897 $ 1,824 $ 1,761 Short-term lease expense 181 240 328 551 Total lease expense $ 1,090 $ 1,137 $ 2,152 $ 2,312 Other information: Cash paid for amounts included in the measurement of lease l …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Accounting Standards Updates Proposed Accounting Standards , ASU No. 2023-06, Disclosure Improvements: Codification Amendments in Response to the SECs Disclosure Update and Simplification Initiative. Accounting Standards Update (ASU) 2023-06 is intended to clarify or improve disclosure and presentation requirements of a variety of topics, which will allow users to more easily compare entities subject to the SECs existing disclosures with those entities that were not previously subject to the requirements and align the requirements in the FASB accounting standard codification with the SECs regulations. ASU 2023-06 is to be applied prospectively, and early adoption is prohibited. For reporting entities subject to the SECs existing disclosure requirements, the effective dates of ASU 2023-06 will be the date on which the SECs removal of that related disclosure requirement from Regulation S-X or Regulation S-K becomes effective. If by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or Regulation S-K, the pending content of the related amendment will not become effective for any entities. The Company is currently evaluating the provisions of the amendments and the impact on its future consolidated statements. ASU No. 2024-03, Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosures (Subtopic 220- 40): Disaggregation of Income Statement Expenses. ASU 2024-03 introduces new requirements to disclose additional information …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 11 - SEGMENT REPORTING The Company operates a single reportable business segment that is comprised of commercial banking within the states of Florida, Georgia, and Alabama. The Companys chief executive officer is deemed the Chief Operating Decision Maker (CODM). The CODM evaluates the financial performance of the Company by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Companys single reporting segment and in the determination of allocating resources. The CODM uses consolidated net income to benchmark the Company against peers and to evaluate performance and allocate resources. Significant revenue and expense categories evaluated by the CODM are consistent with the presentation of the Consolidated Statement of Income and components of other noninterest expense. …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing