CAPITAL CITY BANK GROUP INCCCBG
CAPITAL CITY BANK GROUP INC New Standards Disclosure
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 SEC’s 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 SEC’s 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
SEC’s regulations. ASU 2023 -06 is to be applied prospectively, and early adoption is prohibited. For reporting entities subject to
the SEC’s existing disclosure requirements, the effective dates of ASU 2023-06 will be the date on which the SEC’s 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 be removed from the Codification and 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. 2023-03, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic
220-40): Disaggregation of Income Statement Expenses.”
information about certain types of expenses, including employee compensation, depreciation, intangible asset amortization, and
selling expenses. ASU 2024-03 is effective for the Company as of January 1, 2026. The Company is currently evaluating the
impact of the incremental disclosures that will be required under the standard.
ASU 2025-06, “Intangibles - Goodwill and Other -Internal-Use Software (Subtopic 350-40): Targeted Improvements to the
Accounting for Internal-Use Software.”
model to a principles-based approach aligned with modern development. Key provisions include new capitalization criteria based
on authorization, funding commitment, and probable completion, removal of development stages, integrated website guidance,
and enhanced disclosures. ASU 2025-06 is effective for the Company as of January 1, 2027. The Company is currently evaluating
the provisions of the amendments and the impact on its future consolidated statements and disclosures.
ASU 2025-08, “Financial Instruments—Credit Losses (Topic 326): Purchased Loans.”
purchased loans under ASC 326. The amendments expand the population of loans subject to the “gross-up” accounting model by
eliminating the former distinction between purchased credit -deteriorated (“PCD”) and non-PCD loans. Under the new guidance,
entities will apply a single model for purchased loans by recognizing an allowance for credit losses and adjusting the amortized
cost basis for the associated noncredit discount at acquisition. ASU 2025 -08 is effective for the Company as of January 1, 2027.
The Company is currently evaluating the provisions of the amendments and the impact on its future consolidated statements and
disclosures.
ASU 2025-11, “Interim Reporting (Topic 270): Narrow-Scope Improvements.”
financial reporting by defining its scope, consolidating GAAP disclosures in Topic 270, adding a principle for material post-year-
end event disclosure, and refining statement format guidance to improve consistency for all preparers. These changes do not alter
the fundamental requirements of interim reporting but seek to streamline and standardize the process. ASU 2025-11 is effective
for interim reporting periods beginning after December 15, 2027. The Company is currently evaluating the provisions of the
amendments and the impact on its future consolidated statements.
ASU 2025-12, “Codification Improvements/”
and generally streamline the Accounting Standards Codification across various topics, affecting most reporting entities, with key
changes including clarifications for diluted EPS during losses, lease receivable disclosures, beneficial interest calculations, and
treasury stock accounting, aiming for better usability without significantly altering core accounting outcomes. The Company is
currently evaluating the provisions of the amendments and the impact on its future consolidated statements. ASU 2025-12 is
effective for the Company as of January 1, 2027. The Company is currently evaluating the provisions of the amendments and the
impact on its future consolidated statements.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 11, 2025 | |
| 2023 | Mar 13, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Mar 1, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Mar 5, 2020 | |
| 2018 | Mar 5, 2019 | |
| 2016 | Mar 2, 2017 | |
| 2015 | Mar 8, 2016 | |
About New Standards Disclosures
New accounting standards disclosures describe recently adopted pronouncements and those not yet effective, along with management's assessment of their expected impact. This section provides an early warning system for upcoming changes to how a company reports its financial results, often years before the new rules take effect.
Key signals: when management describes a not-yet-adopted standard's impact as "material" or "still being evaluated," it signals potential significant changes to reported metrics upon adoption. Watch for standards that affect a company's core operations — for example, revenue recognition changes for software companies or lease accounting changes for retailers with large store footprints. The transition method chosen (full retrospective versus modified retrospective) affects comparability with prior periods. Companies that delay adoption to the latest permitted date may be struggling with implementation complexity. Compare the disclosed impact assessments against peers in the same industry to gauge whether management's expectations are reasonable.