Banking
Capital City Bank Group Executive Compensation (FY25)
CCBG · Tallahassee, FL · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 23, 2026
155 figures on this page: 151 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
William G. Smith, Jr. was paid $3,135,873 in total compensation as Chairman and Chief Executive Officer for fiscal 2025, and Smith, Jr.'s total was 73.5% higher than the $1,806,970 reported for fiscal 2024. For fiscal 2025, the company reported a chief executive pay ratio of 53.2:1, against median employee compensation of $58,974. Shareholders supported the say-on-pay proposal with 98.5% of votes cast for or against in favor at the meeting held April 21, 2026 for fiscal 2025. The disclosed peer group includes Amerant Bancorp, Inc., BancPlus Corporation, Blue Ridge Bankshares, Inc., Business First Bancshares, Inc. and C&F Financial Corporation, among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — William G. Smith, Jr.: $1,806,970 → $3,135,873 (73.5% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Capital City Bank Group's chief executive and what were they paid?
William G. Smith, Jr. was paid $3,135,873 in total compensation as Chairman and Chief Executive Officer for fiscal 2025. Smith, Jr.'s total was 73.5% higher than the $1,806,970 reported for fiscal 2024.
What was Capital City Bank Group's say-on-pay result?
Shareholders supported the say-on-pay proposal with 98.5% of votes cast for or against in favor at the meeting held April 21, 2026 for fiscal 2025.
Which companies are in Capital City Bank Group's peer group?
The disclosed peer group includes Amerant Bancorp, Inc., BancPlus Corporation, Blue Ridge Bankshares, Inc., Business First Bancshares, Inc. and C&F Financial Corporation, among others.
What is Capital City Bank Group's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 53.2:1, against median employee compensation of $58,974.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
William Smith, Jr. Chairman and Chief Executive Officer (Company) | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | — not reconciled |
Thomas Barron President (Company) and Chairman (Capital City Bank) | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | — not reconciled |
Jeptha Larkin Executive Vice President and Chief Financial Officer (Company) | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | — not reconciled |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
William Smith Chairman, President, and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Thomas A. Barron President, Capital City Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇† |
Jeptha E. Larkin Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
William G. Smith, Jr. Chairman and Chief Executive Officer | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ |
Thomas A. Barron President (Company) and Chairman (Capital City Bank) | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ |
Bethany H. Corum President, (Capital City Bank) | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ |
Jeptha E. Larkin Executive Vice President and Chief Financial Officer | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Bethany H. Corum | PSU | ◇ | — | — | ◇ | — | — | ◇ |
| Bethany H. Corum | PSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jeptha E. Larkin | PSU | ◇ | — withheld | ◇ | — | ◇ | — | ◇ |
| Thomas A. Barron | PSU | ◇ | — | — | ◇ | — | — | ◇ |
| Thomas A. Barron | PSU | ◇ | — | — | ◇ | — | — | ◇ |
| William G. Smith Jr | PSU | ◇ | — | — | ◇ | — | — | ◇ |
| William G. Smith Jr | PSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| William Smith | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| Bethany Corum | PSU | ◇ | ◇ | — | — |
| Thomas Barron | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Stanley W. Connally, Jr Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
John G. Sample, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Marshall M. Criser III | ◇ | ◇ | — | — | — | — | ◇ |
Laura L. Johnson | ◇ | ◇ | — | — | — | — | ◇ |
William Eric Grant | ◇ | ◇ | — | — | — | — | ◇ |
William F. Butler | ◇ | ◇ | — | — | — | — | ◇ |
Kimberly A. Crowell | ◇ | ◇ | — | — | — | — | ◇ |
Robert Antoine | ◇ | ◇ | — | — | — | — | ◇ |
Ashbel C. Williams | ◇ | ◇ | — | — | — | — | ◇ |
Bonnie J. Davenport | ◇ | ◇ | — | — | — | — | ◇ |
Thomas A. Barron and William G. Smith, Jr served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
| Board meeting fee | ◇ |
| Committee meeting fee | ◇ |
Equity is delivered as Restricted Stock.
Stock ownership guideline: 10x annual retainer ($300,000)
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Amerant Bancorp, Inc. AMTB
- BancPlus Corporation symbol not shown
- Blue Ridge Bankshares, Inc. BRBS
- Business First Bancshares, Inc. BFST
- C&F Financial Corporation CFFI
- Carter Bankshares, Inc CARE
- Colony Bankcorp, Inc. CBAN
- Community Trust Bancorp, Inc. CTBI
- First Bancorp FBNC
- First Community Bancshares, Inc. FCBC
- First Guaranty Bancshares, Inc. FGBI
- Home Bancorp, Inc. HBCP
- HomeTrust Bancshares, Inc. HTB
- Investar Holding Corporation ISTR
- Origin Bancorp, Inc. OBK
- Republic Bancorp, Inc. RBCAA
- Seacoast Banking Corporation of Florida SBCF
- SmartFinancial, Inc. SMBK
- Stock Yards Bancorp, Inc. SYBT
- Wilson Bank Holding Co. WBHC
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 21, 2026 | = | ◇ | ◇ | ◇ |
| 2022 | April 25, 2023 | = | ◇ | ◇ | ◇ |
| 2019 | April 23, 2020 | = | ◇ | ◇ | ◇ |
| 2016 | April 25, 2017 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Capital City Bank Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Capital City Bank Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
155 figures on this page: 151 cited to the filing that reported them, 4 calculated from figures it prints.
151 cited to the filing
4 calculated from the filing
Documents cited
- 0001140361-26-016274Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-26-008786DIRECTOR COMPENSATION TABLE · Director Compensation · Grants of Plan-Based Awards · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 2025 · and 1 more section
- 0001171200-25-000051Summary Compensation Table for 2024, 2023, and 2022
- 0001171200-24-000046Summary Compensation Table for 2023, 2022, and 2021
- 0001171200-23-000287
- 0001171200-20-000308
- 0001171200-17-000221
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Capital City Bank Group executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/CCBG (accessed 2026).
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Peers Capital City Bank Group discloses
The companies named in CCBG's own disclosed peer group.
Amerant Bancorp, Inc.Blue Ridge Bankshares, Inc.Business First Bancshares, Inc.C&F Financial CorporationCarter Bankshares, IncColony Bankcorp, Inc.Community Trust Bancorp, Inc.First BancorpFirst Community Bancshares, Inc.Home Bancorp, Inc.HomeTrust Bancshares, Inc.Investar Holding CorporationOrigin Bancorp, Inc.Republic Bancorp, Inc.Seacoast Banking Corporation of FloridaSmartFinancial, Inc.Stock Yards Bancorp, Inc.Wilson Bank Holding Co.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}