2014 Q4 Form 10-K Financial Statement

#000119312515091019 Filed on March 13, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2012
Revenue $34.39M
YoY Change -6.99%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.230M
YoY Change -9.56%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $5.709M
YoY Change -14.05%
% of Operating Profit
Other Income/Expense, Net $2.770M
YoY Change 3.72%
Pretax Income $2.110M $2.700M $8.435M
YoY Change -21.85% 21.62% -1.17%
Income Tax $450.0K $570.0K $1.651M
% Of Pretax Income 21.33% 21.11% 19.57%
Net Earnings $1.660M $2.120M $6.784M
YoY Change -21.7% 21.84% -6.01%
Net Earnings / Revenue 19.73%
Basic Earnings Per Share $1.40
Diluted Earnings Per Share $340.9K $435.3K $1.39
COMMON SHARES
Basic Shares Outstanding 4.878M shares 4.870M shares 4.858M shares
Diluted Shares Outstanding 4.866M shares

Balance Sheet

Concept 2014 Q4 2013 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $22.41M $16.04M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $19.24M $18.62M $19.40M
YoY Change 3.31% -4.13% -4.43%
Goodwill
YoY Change
Intangibles $3.150M $3.150M
YoY Change 0.0% 0.0%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $921.1M $873.1M $880.8M
YoY Change 5.5% -0.88% 3.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $200.0K $300.0K
YoY Change 0.0% -33.33% -25.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $114.4M $109.9M $73.30M
YoY Change 4.09% 49.93% -39.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.0K $200.0K $300.0K
YoY Change 0.0% -33.33% -25.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.500M $8.600M $7.300M
YoY Change -1.16% 17.81% 14.06%
Total Long-Term Liabilities $8.500M $8.600M $7.300M
YoY Change -1.16% 17.81% 14.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0K $200.0K $300.0K
Total Long-Term Liabilities $8.500M $8.600M $7.300M
Total Liabilities $839.2M $806.8M $792.0M
YoY Change 4.02% 1.87% 3.14%
SHAREHOLDERS EQUITY
Retained Earnings $85.90M $82.79M
YoY Change 3.75% 3.58%
Common Stock $4.837M $4.722M
YoY Change 2.44% 2.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $81.86M $66.27M $88.90M
YoY Change
Total Liabilities & Shareholders Equity $921.1M $873.1M $880.8M
YoY Change 5.5% -0.88% 3.15%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2012
OPERATING ACTIVITIES
Net Income $1.660M $2.120M $6.784M
YoY Change -21.7% 21.84% -6.01%
Depreciation, Depletion And Amortization $1.230M
YoY Change -9.56%
Cash From Operating Activities $2.440M $2.590M $11.09M
YoY Change -5.79% 22.17% -5.94%
INVESTING ACTIVITIES
Capital Expenditures -$70.00K -$80.00K $295.9K
YoY Change -12.5% -65.22% -58.22%
Acquisitions
YoY Change
Other Investing Activities -$27.37M -$8.810M -$43.93M
YoY Change 210.67% -72.62% 198.84%
Cash From Investing Activities -$27.43M -$8.880M -$44.22M
YoY Change 208.9% -72.59% 187.02%
FINANCING ACTIVITIES
Cash Dividend Paid $4.276M
YoY Change 0.34%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 28.29M 3.240M 19.29M
YoY Change 773.15% -89.79% -12.57%
NET CHANGE
Cash From Operating Activities 2.440M 2.590M 11.09M
Cash From Investing Activities -27.43M -8.880M -44.22M
Cash From Financing Activities 28.29M 3.240M 19.29M
Net Change In Cash 3.300M -3.050M -13.85M
YoY Change -208.2% -311.81% -175.07%
FREE CASH FLOW
Cash From Operating Activities $2.440M $2.590M $11.09M
Capital Expenditures -$70.00K -$80.00K $295.9K
Free Cash Flow $2.510M $2.670M $10.79M
YoY Change -5.99% 13.62% -2.6%

Facts In Submission

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CY2014Q4 us-gaap Assets
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CY2014Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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22405730
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CY2014Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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22500
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13079000
CY2014Q4 us-gaap Interest Receivable
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3869937
CY2014Q4 us-gaap Loans Receivable Fair Value Disclosure
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386206117
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39368000
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3000
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2521000
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178392462
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2518000
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72750584
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CY2014Q4 us-gaap Cash Reserve Deposit Required And Made
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0
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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CY2014Q4 us-gaap Held To Maturity Securities
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206817169
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28395635
CY2014Q4 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
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CY2014Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
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CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2014Q4 us-gaap Loans And Leases Receivable Consumer
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26515000
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697000
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11886005
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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1504 shares
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3644097
CY2014Q4 us-gaap Available For Sale Securities Debt Securities
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CY2014Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
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CY2014Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
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188349803
CY2014Q4 us-gaap Trading Securities Restricted
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CY2014Q4 cizn Deferred Tax Assets Intangible Assets
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92276
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CY2014Q4 cizn Financing Receivable Recorded Investment Thirty To Eighty Nine Days Past Due
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9627000
CY2014Q4 cizn Interest Bearing Deposits With Banks Fair Value Disclosure
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61481223
CY2014Q4 cizn Federal Home Loan Bank Advances Fair Value
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20804047
CY2014Q4 cizn Other Time Deposits
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100182145
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5787593
CY2013 us-gaap Earnings Per Share Diluted
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1.47
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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0 shares
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11210828
CY2013 us-gaap Common Stock Dividends Per Share Cash Paid
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0.88
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1.47
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5 Loan
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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3504084
CY2013 us-gaap Interest And Fee Income Loans And Leases
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20610580
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CY2013 us-gaap Repayments Of Federal Home Loan Bank Borrowings
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45000000
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4285371
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7816102
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3884997
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14566
CY2013 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
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423388
CY2013 us-gaap Payments For Proceeds From Loans And Leases
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25809560
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1017032
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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8919763
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
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128950
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423388
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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68012
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0
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CY2013 us-gaap Income Taxes Paid
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2357215
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1953263
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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CY2013 us-gaap Interest And Dividend Income Operating
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32116095
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438600
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338615
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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157924
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7149860
CY2013 us-gaap Interest Paid
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4202416
CY2013 us-gaap Interest Income Securities Taxable
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7949437
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CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
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1159571
CY2013 us-gaap Available For Sale Securities Gross Realized Gains
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1039793
CY2013 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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193836
CY2013 us-gaap Deferred Income Tax Expense Benefit
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CY2013 us-gaap Interest Expense
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4080457
CY2013 us-gaap Interest Expense Time Deposits100000 Or More
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754000
CY2013 us-gaap Proceeds From Federal Home Loan Bank Borrowings
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10000000
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1052000
CY2013 us-gaap Allowance For Loan And Lease Losses Write Offs
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1274714
CY2013 us-gaap Equipment Expense
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2379167
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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14566
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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3032719
CY2013 us-gaap Labor And Related Expense
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13110603
CY2013 us-gaap Provision For Loan And Lease Losses
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2204366
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1140753
CY2013 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
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7119000
CY2013 us-gaap Income Tax Expense Benefit
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1769903
CY2013 us-gaap Noninterest Expense
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24727611
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150333
CY2013 us-gaap Other Income Tax Expense Benefit Continuing Operations
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-290714
CY2013 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
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15544647
CY2013 us-gaap Current Federal Tax Expense Benefit
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2335959
CY2013 us-gaap Dividends Common Stock Cash
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4285371
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
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9114016
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-121959
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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9552619
CY2013 us-gaap Occupancy Net
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2016965
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CY2013 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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187469
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284044
CY2013 us-gaap Defined Contribution Plan Cost Recognized
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511984
CY2013 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
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9261000
CY2013 us-gaap Increase Decrease In Deposits
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12080458
CY2013 us-gaap Interest Expense Borrowings
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2135460
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-26284540
CY2013 us-gaap Other Expenses
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3081797
CY2013 us-gaap Other Noninterest Expense
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7220876
CY2013 us-gaap Proceeds From Sale Of Foreclosed Assets
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2091610
CY2013 us-gaap Proceeds From Stock Options Exercised
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128950
CY2013 us-gaap Provision For Other Losses
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462475
CY2013 us-gaap Supplies Expense
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563706
CY2013 us-gaap Advertising Expense
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621216
CY2013 us-gaap Current Income Tax Expense Benefit
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2620003
CY2013 us-gaap Increase Decrease In Deferred Compensation
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802286
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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423388
CY2013 us-gaap Available For Sale Securities Gross Realized Losses
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616405
CY2013 us-gaap Impaired Financing Receivable Average Recorded Investment
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14007000
CY2013 us-gaap Interest Expense Deposits
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1944997
CY2013 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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81916607
CY2013 us-gaap Proceeds From Sale Of Available For Sale Securities
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41974017
CY2013 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
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276400
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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39050
CY2013 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
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1080878
CY2013 us-gaap Communication
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442781
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265464
CY2013 cizn Interest Income Forgone On Loans
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813710
CY2013 cizn Legal And Audit Fees
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393997
CY2013 cizn Loan Collection Expense
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554542
CY2013 cizn Travel And Convention Expense
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200684
CY2013 cizn Card And Processing Expense
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830396
CY2013 cizn Federal Deposit Insurance Special Deposit Insurance Assessment
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69282
CY2013 cizn Writedowns And Net Gain Loss On Sales Of Real Estate Owned
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-276400
CY2013 cizn Real Estate Acquisitions Through Foreclosures Covered
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1436923
CY2013 cizn Increase Decrease In Federal Home Loan Bank Stock Dividends
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-11400
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6365535
CY2014 us-gaap Depreciation Nonproduction
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1190393
CY2014 us-gaap Earnings Per Share Diluted
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1.53
CY2014 dei Entity Filer Category
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Accelerated Filer
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No
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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0 shares
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10-K
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CITIZENS HOLDING CO /MS/
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No
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CIZN
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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635 shares
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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9690398
CY2014 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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0.50 pure
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
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28410
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28362455
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><u>Estimates</u></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px" align="justify"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px" align="justify"> <font style="FONT-FAMILY: Times New Roman" size="2">Estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowance for loan losses and valuation of foreclosed real estate, management obtains independent appraisals for significant properties.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px" align="justify"> <font style="FONT-FAMILY: Times New Roman" size="2">While management uses available information to recognize losses on loans and to value foreclosed real estate, future additions to the allowance or adjustments to the valuation may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company&#x2019;s allowance for loan losses and valuations of foreclosed real estate. Such agencies may require the Company to recognize additions to the allowance or to make adjustments to the valuation based on their judgments about information available to them at the time of their examination. Due to these factors, it is reasonably possible that the allowance for loan losses and valuation of foreclosed real estate may change materially in the near term.</font></p> </div>
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
CY2014 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.89
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4870749 shares
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.53
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0001075706
CY2014 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
4 Loan
CY2014 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
27439058
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3022992
CY2014 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 18px"><font style="FONT-FAMILY: Times New Roman" size="2"><u>Reclassifications</u></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px" align="justify"> <font style="FONT-FAMILY: Times New Roman" size="2">Certain information for 2012 and 2013 has been reclassified to conform to the financial presentation for 2014. Such reclassifications had no effect on net income or stockholders&#x2019; equity.</font></p> </div>
CY2014 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P2Y11M
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4870114 shares
CY2014 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
2118435
CY2014 us-gaap Loans And Leases Receivable Related Parties Collections
LoansAndLeasesReceivableRelatedPartiesCollections
957059
CY2014 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
20081852
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4341076
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
837072
CY2014 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-405017
CY2014 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
13500000
CY2014 us-gaap Payments Of Dividends
PaymentsOfDividends
4341076
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12367901
CY2014 us-gaap Noninterest Income
NoninterestIncome
8162504
CY2014 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
3932691
CY2014 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
14542
CY2014 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
4110312
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
784425
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9277850
CY2014 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-262116
CY2014 us-gaap Held To Maturity Securities Transferred Security Unrealized Gain Loss
HeldToMaturitySecuritiesTransferredSecurityUnrealizedGainLoss
-17061438
CY2014 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
14542
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
31824
CY2014 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19817660
CY2014 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
49398
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
35256397
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
2460014
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FeesAndCommissionsOther
2096836
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-138344
CY2014 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
31380750
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1807469
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
5424
CY2014 us-gaap Net Income Loss
NetIncomeLoss
7449759
CY2014 us-gaap Interest Paid
InterestPaid
3027090
CY2014 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
8226508
CY2014 us-gaap Increase Decrease In Federal Funds Purchased
IncreaseDecreaseInFederalFundsPurchased
27500000
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
115000
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
22105761
CY2014 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
1006536
CY2014 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
206258
CY2014 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
273502
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2014 us-gaap Interest Expense
InterestExpense
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CY2014 us-gaap Interest Expense Time Deposits100000 Or More
InterestExpenseTimeDeposits100000OrMore
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CY2014 us-gaap Proceeds From Sale Of Federal Reserve Stock
ProceedsFromSaleOfFederalReserveStock
1292600
CY2014 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
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CY2014 us-gaap Equipment Expense
EquipmentExpense
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CY2014 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014 us-gaap Noninterest Expense
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CY2014 us-gaap Operating Leases Rent Expense Net
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LaborAndRelatedExpense
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CY2014 us-gaap Provision For Loan And Lease Losses
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-399291
CY2014 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
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CY2014 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
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CY2014 us-gaap Proceeds From Life Insurance Policies
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CY2014 us-gaap Current Federal Tax Expense Benefit
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2014 us-gaap Occupancy Net
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2129193
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13150636
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
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CY2014 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
485251
CY2014 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
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6850000
CY2014 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
41464098
CY2014 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1263386
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-31453874
CY2014 us-gaap Other Expenses
OtherExpenses
2826567
CY2014 us-gaap Other Noninterest Expense
OtherNoninterestExpense
8033654
CY2014 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1749721
CY2014 us-gaap Provision For Other Losses
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930401
CY2014 us-gaap Supplies Expense
SuppliesExpense
774961
CY2014 us-gaap Advertising Expense
AdvertisingExpense
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CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1520171
CY2014 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
14542
CY2014 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
191716
CY2014 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
2028000
CY2014 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
13335000
CY2014 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1754909
CY2014 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
12944631
CY2014 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
18004518
CY2014 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
694207
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
115000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2014 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
2458828
CY2014 us-gaap Communication
Communication
408646
CY2014 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
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CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
9118
CY2014 cizn Minimum Period For Loans On Nonaccrual Status To Be Considered Nonperforming
MinimumPeriodForLoansOnNonaccrualStatusToBeConsideredNonperforming
P90D
CY2014 cizn Interest Income Forgone On Loans
InterestIncomeForgoneOnLoans
819524
CY2014 cizn Interest Bearing Deposits Maturity Period
InterestBearingDepositsMaturityPeriod
P1Y
CY2014 cizn Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
0
CY2014 cizn Financing Receivable Modifications Collections During Period
FinancingReceivableModificationsCollectionsDuringPeriod
350000
CY2014 cizn Legal And Audit Fees
LegalAndAuditFees
416339
CY2014 cizn Loan Collection Expense
LoanCollectionExpense
621227
CY2014 cizn Travel And Convention Expense
TravelAndConventionExpense
184723
CY2014 cizn Defined Contribution Plan Service Period For Eligibility
DefinedContributionPlanServicePeriodForEligibility
P1Y
CY2014 cizn Card And Processing Expense
CardAndProcessingExpense
330612
CY2014 cizn Federal Deposit Insurance Special Deposit Insurance Assessment
FederalDepositInsuranceSpecialDepositInsuranceAssessment
771097
CY2014 cizn Writedowns And Net Gain Loss On Sales Of Real Estate Owned
WritedownsAndNetGainLossOnSalesOfRealEstateOwned
-824059
CY2014 cizn Real Estate Acquisitions Through Foreclosures Covered
RealEstateAcquisitionsThroughForeclosuresCovered
2874173
CY2014 cizn Increase Decrease In Federal Home Loan Bank Stock Dividends
IncreaseDecreaseInFederalHomeLoanBankStockDividends
-8400
CY2014 cizn Other Comprehensive Income Loss Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesNetOfTax
-9728742
CY2014 cizn Other Comprehensive Income Loss Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesTax
-5787593
CY2014 cizn Other Comprehensive Income Loss Amortization Of Net Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Before Tax
OtherComprehensiveIncomeLossAmortizationOfNetUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesBeforeTax
1545103
CY2014 cizn Number Of Loans Charged Off
NumberOfLoansChargedOff
1 Loan
CY2014 cizn Gain Loss On Bank Owned Life Insurance Death Benefits
GainLossOnBankOwnedLifeInsuranceDeathBenefits
623774
CY2014 cizn Transfers From Available For Sale To Held To Maturity
TransfersFromAvailableForSaleToHeldToMaturity
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CY2012 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
7326516
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.39
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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8067 shares
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11087250
CY2012 us-gaap Common Stock Dividends Per Share Cash Paid
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0.88
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.40
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4857798 shares
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PaymentsToAcquireAvailableForSaleSecurities
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InterestIncomeExpenseAfterProvisionForLoanLoss
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CY2012 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3751909
CY2012 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
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CY2012 us-gaap Increase Decrease In Other Operating Capital Net
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CY2012 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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CY2012 us-gaap Payments Of Dividends
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12167
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459934
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CY2012 us-gaap Increase Decrease In Other Operating Assets
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CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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220484
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CY2012 us-gaap Comprehensive Income Net Of Tax
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CY2012 us-gaap Other Interest And Dividend Income
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CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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CY2012 us-gaap Income Taxes Paid
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282700
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CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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CY2012 us-gaap Interest Paid
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CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2012 us-gaap Income Tax Reconciliation Tax Exempt Income
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459934
CY2012 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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CY2012 us-gaap Interest Expense Time Deposits100000 Or More
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996000
CY2012 us-gaap Proceeds From Sale Of Federal Reserve Stock
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CY2012 us-gaap Allowance For Loan And Lease Losses Write Offs
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CY2012 us-gaap Income Tax Expense Benefit
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CY2012 us-gaap Noninterest Expense
NoninterestExpense
26099967
CY2012 us-gaap Operating Leases Rent Expense Net
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177416
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-163734
CY2012 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
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CY2012 us-gaap Current Federal Tax Expense Benefit
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1917068
CY2012 us-gaap Dividends Common Stock Cash
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4276282
CY2012 us-gaap Increase Decrease In Interest Payable Net
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-50902
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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19290845
CY2012 us-gaap Occupancy Net
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2007513
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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114825
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
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-46913668
CY2012 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2012 us-gaap Current State And Local Tax Expense Benefit
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270114
CY2012 us-gaap Defined Contribution Plan Cost Recognized
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778724
CY2012 us-gaap Increase Decrease In Deposits
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70211203
CY2012 us-gaap Interest Expense Borrowings
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2998939
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-44224522
CY2012 us-gaap Other Expenses
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2770430
CY2012 us-gaap Other Noninterest Expense
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7875192
CY2012 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1574051
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
257425
CY2012 us-gaap Provision For Other Losses
ProvisionForOtherLosses
354279
CY2012 us-gaap Supplies Expense
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487581
CY2012 us-gaap Advertising Expense
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636652
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2187182
CY2012 us-gaap Increase Decrease In Deferred Compensation
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831727
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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459934
CY2012 us-gaap Interest Expense Deposits
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2710082
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
256825697
CY2012 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
5583382
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
119834
CY2012 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
1272940
CY2012 us-gaap Communication
Communication
430695
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
288379
CY2012 cizn Interest Income Forgone On Loans
InterestIncomeForgoneOnLoans
770509
CY2012 cizn Legal And Audit Fees
LegalAndAuditFees
458731
CY2012 cizn Loan Collection Expense
LoanCollectionExpense
378576
CY2012 cizn Travel And Convention Expense
TravelAndConventionExpense
194541
CY2012 cizn Card And Processing Expense
CardAndProcessingExpense
815960
CY2012 cizn Federal Deposit Insurance Special Deposit Insurance Assessment
FederalDepositInsuranceSpecialDepositInsuranceAssessment
1270792
CY2012 cizn Writedowns And Net Gain Loss On Sales Of Real Estate Owned
WritedownsAndNetGainLossOnSalesOfRealEstateOwned
-309797
CY2012 cizn Real Estate Acquisitions Through Foreclosures Covered
RealEstateAcquisitionsThroughForeclosuresCovered
1697450
CY2012 cizn Increase Decrease In Federal Home Loan Bank Stock Dividends
IncreaseDecreaseInFederalHomeLoanBankStockDividends
-13100
CY2014Q2 cizn Available For Sale Securities Transferred To Held To Maturity Securities Unrealized Gain Loss
AvailableForSaleSecuritiesTransferredToHeldToMaturitySecuritiesUnrealizedGainLoss
-17061438

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