Exhibit 23.1
(Letterhead James D. A. Holley, Inc.)
Report of Independent Accountants
Shareholders and Board of Directors
Capital City Bank Group, Inc.
Tallahassee, Florida
We have audited the accompanying consolidated statement of condition of Capital
City Bank Group, Inc., and subsidiaries as of December 31, 1993, and the related
consolidated statements of income, shareholders' equity, and cash flows for each
of the years in the two year period ended December 31, 1993. These financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the consolidated financial position of Capital City Bank
Group, Inc., as of December 31, 1993, and the results of its operations and its
cash flows for each of the years in the two year period ended December 31, 1993,
in conformity with generally accepted accounting principles.
As discussed in Note 1 to the Financial Statements, Capital City Bank Group,
Inc., changed its method of accounting for income taxes in 1993.
/s/ JAMES D. A. HOLLEY & CO.
Tallahassee, Florida
February 4, 1994
