Capital City Cites Credit Issues.(Community Banking)(Capital City Bank Group Inc.)(Brief article)

Byline: Alan Kline

Capital City Bank Group Inc. in Tallahassee, Fla., said Monday that it lost $1.7 million in the fourth quarter, or 10 cents per diluted share, as a result of increases in chargeoffs and nonperforming loans.

In the fourth quarter of 2007, the $2.5 billion-asset company earned $4.8 million, or 29 cents a share.

William G. Smith Jr., Capital City's chairman, president, and chief executive, said in a press release that its management team took "aggressive action with problem credits" during the quarter, charging …