2015 Q4 Form 10-K Financial Statement

#000119312516504671 Filed on March 15, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4 2013
Revenue $32.12M
YoY Change -6.61%
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 $1.140M
YoY Change -7.32%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $4.080M
YoY Change -28.53%
% of Operating Profit
Other Income/Expense, Net $3.082M
YoY Change 11.24%
Pretax Income $3.200M $2.110M $8.920M
YoY Change 51.66% -21.85% 5.75%
Income Tax $870.0K $450.0K $1.770M
% Of Pretax Income 27.19% 21.33% 19.84%
Net Earnings $2.330M $1.660M $7.150M
YoY Change 40.36% -21.7% 5.39%
Net Earnings / Revenue 22.26%
Basic Earnings Per Share $1.47
Diluted Earnings Per Share $477.5K $340.9K $1.47
COMMON SHARES
Basic Shares Outstanding 4.873M shares 4.878M shares 4.868M shares
Diluted Shares Outstanding 4.870M shares

Balance Sheet

Concept 2015 Q4 2014 Q4 2013
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $14.95M $22.41M
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 $18.66M $19.24M $18.60M
YoY Change -3.04% 3.31% -4.12%
Goodwill
YoY Change
Intangibles $3.150M
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $9.200M $17.80M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $973.5M $921.1M $873.1M
YoY Change 5.69% 5.5% -0.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% -33.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $104.3M $114.4M $109.9M
YoY Change -8.83% 4.09% 49.93%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% -33.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.200M $8.500M $8.600M
YoY Change 8.24% -1.16% 17.81%
Total Long-Term Liabilities $9.200M $8.500M $8.600M
YoY Change 8.24% -1.16% 17.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0K $200.0K $200.0K
Total Long-Term Liabilities $9.200M $8.500M $8.600M
Total Liabilities $887.1M $839.2M $806.8M
YoY Change 5.7% 4.02% 1.87%
SHAREHOLDERS EQUITY
Retained Earnings $88.95M $85.90M
YoY Change 3.55% 3.75%
Common Stock $4.592M $4.837M
YoY Change -5.06% 2.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $86.43M $81.86M $66.30M
YoY Change
Total Liabilities & Shareholders Equity $973.5M $921.1M $873.1M
YoY Change 5.69% 5.5% -0.87%

Cashflow Statement

Concept 2015 Q4 2014 Q4 2013
OPERATING ACTIVITIES
Net Income $2.330M $1.660M $7.150M
YoY Change 40.36% -21.7% 5.39%
Depreciation, Depletion And Amortization $1.140M
YoY Change -7.32%
Cash From Operating Activities $3.890M $2.440M $11.21M
YoY Change 59.43% -5.79% 1.11%
INVESTING ACTIVITIES
Capital Expenditures -$190.0K -$70.00K $338.6K
YoY Change 171.43% -12.5% 14.44%
Acquisitions
YoY Change
Other Investing Activities -$18.56M -$27.37M -$25.95M
YoY Change -32.19% 210.67% -40.93%
Cash From Investing Activities -$18.74M -$27.43M -$26.28M
YoY Change -31.68% 208.9% -40.57%
FINANCING ACTIVITIES
Cash Dividend Paid $4.285M
YoY Change 0.21%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.460M 28.29M 9.553M
YoY Change -66.56% 773.15% -50.48%
NET CHANGE
Cash From Operating Activities 3.890M 2.440M 11.21M
Cash From Investing Activities -18.74M -27.43M -26.28M
Cash From Financing Activities 9.460M 28.29M 9.553M
Net Change In Cash -5.390M 3.300M -5.521M
YoY Change -263.33% -208.2% -60.13%
FREE CASH FLOW
Cash From Operating Activities $3.890M $2.440M $11.21M
Capital Expenditures -$190.0K -$70.00K $338.6K
Free Cash Flow $4.080M $2.510M $10.87M
YoY Change 62.55% -5.99% 0.75%

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423388
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754000
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69282
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276400
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115000
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14542
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CY2014 us-gaap Other Interest And Dividend Income
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CY2014 us-gaap Held To Maturity Securities Transferred Security Unrealized Gain Loss
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-17061438
CY2014 us-gaap Interest And Fee Income Loans And Leases
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20081852
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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138344
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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9277850
CY2014 us-gaap Fees And Commissions Depositor Accounts
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3932691
CY2014 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
28362455
CY2014 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
31380750
CY2014 us-gaap Payments Of Dividends
PaymentsOfDividends
4341076
CY2014 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
8226508
CY2014 us-gaap Noninterest Income
NoninterestIncome
8162504
CY2014 us-gaap Income Tax Reconciliation Tax Exempt Income
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1006536
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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837072
CY2014 us-gaap Interest Paid
InterestPaid
3027090
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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5424
CY2014 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
14542
CY2014 us-gaap Net Income Loss
NetIncomeLoss
7449759
CY2014 us-gaap Increase Decrease In Accrued Interest Receivable Net
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-262116
CY2014 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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31824
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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35256397
CY2014 us-gaap Payments For Proceeds From Loans And Leases
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4110312
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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22105761
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12367901
CY2014 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
206258
CY2014 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
3022992
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
2460014
CY2014 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
27439058
CY2014 us-gaap Increase Decrease In Federal Funds Purchased
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27500000
CY2014 us-gaap Interest Expense
InterestExpense
3018295
CY2014 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1754909
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
104384
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
120377
CY2014 us-gaap Interest Expense Time Deposits100000 Or More
InterestExpenseTimeDeposits100000OrMore
671000
CY2014 us-gaap Other Expenses
OtherExpenses
2826567
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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28129011
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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9118
CY2014 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
79449
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
13150636
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1828091
CY2014 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
12944631
CY2014 us-gaap Advertising Expense
AdvertisingExpense
769081
CY2014 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
3154469
CY2014 us-gaap Allowance For Loan And Lease Losses Write Offs
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2732330
CY2014 us-gaap Noninterest Expense
NoninterestExpense
26323712
CY2014 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1749721
CY2014 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
694207
CY2014 us-gaap Provision For Other Losses
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930401
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1520171
CY2014 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
4741000
CY2014 us-gaap Other Noninterest Expense
OtherNoninterestExpense
8033654
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2014 us-gaap Supplies Expense
SuppliesExpense
774961
CY2014 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
13335000
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
307920
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6365535
CY2014 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
-399291
CY2014 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
923397
CY2014 us-gaap Occupancy Net
OccupancyNet
2129193
CY2014 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1269560
CY2014 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-8796
CY2014 us-gaap Proceeds From Sale Of Federal Reserve Stock
ProceedsFromSaleOfFederalReserveStock
1292600
CY2014 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
41464098
CY2014 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1263386
CY2014 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
2458828
CY2014 us-gaap Depreciation Nonproduction
DepreciationNonproduction
1190393
CY2014 us-gaap Equipment Expense
EquipmentExpense
3065842
CY2014 us-gaap Communication
Communication
408646
CY2014 us-gaap Proceeds From Sale Of Available For Sale Securities
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18004518
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1399794
CY2014 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
489746
CY2014 us-gaap Labor And Related Expense
LaborAndRelatedExpense
13095023
CY2014 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
-60797123
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
485251
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
32005989
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
115000
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4341076
CY2014 cizn Loan Collection Expense
LoanCollectionExpense
621227
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
14542
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-31453874
CY2014 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
191716
CY2014 cizn Interest Income Forgone On Loans
InterestIncomeForgoneOnLoans
819524
CY2014 cizn Legal And Audit Fees
LegalAndAuditFees
416339
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 Transfers From Available For Sale To Held To Maturity
TransfersFromAvailableForSaleToHeldToMaturity
222322423
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 Other Comprehensive Income Loss Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesTax
-5787593
CY2014 cizn Gain Loss On Bank Owned Life Insurance Death Benefits
GainLossOnBankOwnedLifeInsuranceDeathBenefits
623774
CY2014 cizn Federal Deposit Insurance Special Deposit Insurance Assessment
FederalDepositInsuranceSpecialDepositInsuranceAssessment
771097
CY2014 cizn Travel And Convention Expense
TravelAndConventionExpense
184723
CY2014 cizn Card And Processing Expense
CardAndProcessingExpense
330612
CY2014 cizn Write Downs 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 Write Downs Of Other Real Estate Owned To Fair Value
WriteDownsOfOtherRealEstateOwnedToFairValue
694207
CY2014 cizn Other Comprehensive Income Loss Unamortized Of Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Before Tax
OtherComprehensiveIncomeLossUnamortizedOfUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesBeforeTax
-15516336
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Trading Symbol
TradingSymbol
CIZN
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
238975
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0001075706
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-12-31
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2077 shares
CY2015 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 2013 and 2014 has been reclassified to conform to the financial presentation for 2015. Such reclassifications had no effect on net income or stockholders&#x2019; equity.</font></p> </div>
CY2015 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4872064 shares
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
10402017
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 dei Amendment Flag
AmendmentFlag
false
CY2015 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.93
CY2015 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P2Y9M
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2015 dei Entity Registrant Name
EntityRegistrantName
CITIZENS HOLDING CO /MS/
CY2015 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
3 Loan
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
CY2015 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>
CY2015 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
20.00
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4874141 shares
CY2015 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50 pure
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.56
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2015 us-gaap Sale Leaseback Transaction Lease Terms
SaleLeasebackTransactionLeaseTerms
Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than 12 months.
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
786043
CY2015 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9353202
CY2015 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
2284262
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
455668
CY2015 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1208954
CY2015 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
196595
CY2015 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
117300
CY2015 us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
17503
CY2015 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
2159407
CY2015 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
94721
CY2015 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
20040315
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
118168
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10067935
CY2015 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
3866537
CY2015 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
27887880
CY2015 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
30964759
CY2015 us-gaap Payments Of Dividends
PaymentsOfDividends
4540748
CY2015 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
8026808
CY2015 us-gaap Noninterest Income
NoninterestIncome
8327709
CY2015 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
928246
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-188128
CY2015 us-gaap Interest Paid
InterestPaid
3087601
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
6528
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
27000
CY2015 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
17503
CY2015 us-gaap Net Income Loss
NetIncomeLoss
7588901
CY2015 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
58124
CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
75182
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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-1379518
CY2015 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
40117134
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-864957
CY2015 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
135229379
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1764301
CY2015 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
142422
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
390205
CY2015 us-gaap Loans And Leases Receivable Related Parties Collections
LoansAndLeasesReceivableRelatedPartiesCollections
1166551
CY2015 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
1001
CY2015 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
2802915
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
2301698
CY2015 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
27331193
CY2015 us-gaap Interest Expense
InterestExpense
3076879
CY2015 us-gaap Interest Expense Deposits
InterestExpenseDeposits
1843717
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
111684
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
276519
CY2015 us-gaap Interest Expense Time Deposits100000 Or More
InterestExpenseTimeDeposits100000OrMore
626000
CY2015 us-gaap Other Expenses
OtherExpenses
3060638
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
42279354
CY2015 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
2648168
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
10975
CY2015 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
182503
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-514561
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2479034
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
41493768
CY2015 us-gaap Advertising Expense
AdvertisingExpense
793282
CY2015 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
3423098
CY2015 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
821905
CY2015 us-gaap Noninterest Expense
NoninterestExpense
25590967
CY2015 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1192328
CY2015 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
0
CY2015 us-gaap Provision For Other Losses
ProvisionForOtherLosses
243172
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2565285
CY2015 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
3858000
CY2015 us-gaap Other Noninterest Expense
OtherNoninterestExpense
7070516
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1950
CY2015 us-gaap Supplies Expense
SuppliesExpense
591177
CY2015 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
14332000
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-86251
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-7458040
CY2015 us-gaap Other Income Tax Expense Benefit Continuing Operations
OtherIncomeTaxExpenseBenefitContinuingOperations
-198321
CY2015 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
556687
CY2015 us-gaap Occupancy Net
OccupancyNet
2160198
CY2015 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-10722
CY2015 us-gaap Proceeds From Sale Of Federal Reserve Stock
ProceedsFromSaleOfFederalReserveStock
150700
CY2015 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
57310894
CY2015 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1233162
CY2015 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
625310
CY2015 us-gaap Depreciation Nonproduction
DepreciationNonproduction
1040207
CY2015 us-gaap Equipment Expense
EquipmentExpense
3065042
CY2015 us-gaap Communication
Communication
431761
CY2015 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
5758795
CY2015 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
390205
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2288766
CY2015 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
508930
CY2015 us-gaap Labor And Related Expense
LaborAndRelatedExpense
13295211
CY2015 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
19213446
CY2015 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
47853733
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1001
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
496363
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-10128588
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
117300
CY2015 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4540748
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
17503
CY2015 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
349000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-60139411
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
27000
CY2015 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
124919
CY2015 cizn Interest Income Forgone On Loans
InterestIncomeForgoneOnLoans
732268
CY2015 cizn Financing Receivable Modifications Recorded Investment During Period
FinancingReceivableModificationsRecordedInvestmentDuringPeriod
0
CY2015 cizn Legal And Audit Fees
LegalAndAuditFees
408066
CY2015 cizn Increase Decrease In Federal Home Loan Bank Stock Dividends
IncreaseDecreaseInFederalHomeLoanBankStockDividends
-4500
CY2015 cizn Write Downs Of Other Real Estate Owned To Fair Value
WriteDownsOfOtherRealEstateOwnedToFairValue
0
CY2015 cizn Other Comprehensive Income Loss Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesNetOfTax
2640233
CY2015 cizn Number Of Loans Charged Off
NumberOfLoansChargedOff
1 Loan
CY2015 cizn Interest Bearing Deposits Maturity Period
InterestBearingDepositsMaturityPeriod
P1Y
CY2015 cizn Defined Contribution Plan Service Period For Eligibility
DefinedContributionPlanServicePeriodForEligibility
P1Y
CY2015 cizn Other Comprehensive Income Loss Unamortized Of Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Before Tax
OtherComprehensiveIncomeLossUnamortizedOfUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesBeforeTax
-11305438
CY2015 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
4210897
CY2015 cizn Loan Collection Expense
LoanCollectionExpense
205549
CY2015 cizn Minimum Period For Loans On Nonaccrual Status To Be Considered Nonperforming
MinimumPeriodForLoansOnNonaccrualStatusToBeConsideredNonperforming
P90D
CY2015 cizn Other Comprehensive Income Loss Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesTax
1570664
CY2015 cizn Financing Receivable Modifications Collections During Period
FinancingReceivableModificationsCollectionsDuringPeriod
534000
CY2015 cizn Travel And Convention Expense
TravelAndConventionExpense
247416
CY2015 cizn Card And Processing Expense
CardAndProcessingExpense
337476
CY2015 cizn Federal Deposit Insurance Special Deposit Insurance Assessment
FederalDepositInsuranceSpecialDepositInsuranceAssessment
751979
CY2015 cizn Write Downs And Net Gain Loss On Sales Of Real Estate Owned
WriteDownsAndNetGainLossOnSalesOfRealEstateOwned
156053
CY2015 cizn Real Estate Acquisitions Through Foreclosures Covered
RealEstateAcquisitionsThroughForeclosuresCovered
869564
CY2014Q2 cizn Available For Sale Securities Transferred To Held To Maturity Securities Unrealized Gain Loss
AvailableForSaleSecuritiesTransferredToHeldToMaturitySecuritiesUnrealizedGainLoss
-17061438

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