2016 Q4 Form 10-Q Financial Statement

#000119312516764022 Filed on November 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $7.574M $7.788M
YoY Change -2.76% -0.53%
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
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $753.5K $765.6K
YoY Change -1.59% 0.91%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.000M $2.158M $2.424M
YoY Change -37.5% -10.95% -2.37%
Income Tax $320.0K $406.1K $587.4K
% Of Pretax Income 16.0% 18.81% 24.23%
Net Earnings $1.680M $1.752M $1.836M
YoY Change -27.9% -4.58% -3.25%
Net Earnings / Revenue 23.14% 23.58%
Basic Earnings Per Share $0.36 $0.38
Diluted Earnings Per Share $344.3K $0.36 $0.38
COMMON SHARES
Basic Shares Outstanding 4.875M shares 4.869M shares 4.878M shares
Diluted Shares Outstanding 4.878M shares 4.879M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $21.69M $22.73M $20.35M
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 $18.26M $18.73M
YoY Change 0.04% -2.53% -3.9%
Goodwill
YoY Change
Intangibles $3.150M
YoY Change 0.0%
Long-Term Investments
YoY Change
Other Assets $10.60M $3.100M
YoY Change 15.22%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.025B $1.025B $960.9M
YoY Change 5.31% 6.68% 7.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $150.3M $118.1M $98.20M
YoY Change 44.1% 20.26% 19.32%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $9.500M $9.400M $9.400M
YoY Change 3.26% 0.0% 4.44%
Total Long-Term Liabilities $9.500M $9.400M $9.400M
YoY Change 3.26% 0.0% 4.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0K $200.0K $200.0K
Total Long-Term Liabilities $9.500M $9.400M $9.400M
Total Liabilities $940.2M $928.1M $876.4M
YoY Change 5.98% 5.9% 8.16%
SHAREHOLDERS EQUITY
Retained Earnings $91.00M $90.49M $87.79M
YoY Change 2.31% 3.08% 2.84%
Common Stock $4.779M $4.738M $4.824M
YoY Change 4.06% -1.77% 0.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $85.06M $97.07M $84.51M
YoY Change
Total Liabilities & Shareholders Equity $1.025B $1.025B $960.9M
YoY Change 5.31% 6.68% 7.98%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $1.680M $1.752M $1.836M
YoY Change -27.9% -4.58% -3.25%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$8.080M $9.540M $1.710M
YoY Change -307.71% 457.89% -49.71%
INVESTING ACTIVITIES
Capital Expenditures -$650.0K -$200.0K -$220.0K
YoY Change 242.11% -9.09% 144.44%
Acquisitions
YoY Change
Other Investing Activities -$3.060M -$15.80M -$29.51M
YoY Change -83.51% -46.46% 523.89%
Cash From Investing Activities -$3.710M -$16.01M -$29.75M
YoY Change -80.2% -46.18% 518.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.75M 4.860M 29.53M
YoY Change 13.64% -83.54% -1934.16%
NET CHANGE
Cash From Operating Activities -8.080M 9.540M 1.710M
Cash From Investing Activities -3.710M -16.01M -29.75M
Cash From Financing Activities 10.75M 4.860M 29.53M
Net Change In Cash -1.040M -1.610M 1.490M
YoY Change -80.71% -208.05% -149.34%
FREE CASH FLOW
Cash From Operating Activities -$8.080M $9.540M $1.710M
Capital Expenditures -$650.0K -$200.0K -$220.0K
Free Cash Flow -$7.430M $9.740M $1.930M
YoY Change -282.11% 404.66% -44.7%

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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Earnings Per Share Basic
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2015Q3 cizn Other Comprehensive Income Loss Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Net Of Tax
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CY2015Q3 cizn Other Comprehensive Income Loss Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Tax
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InterestAndFeeIncomeLoansAndLeases
4825800
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5318212
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-556424
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6820139
CY2016Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
6636121
CY2016Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7573627
CY2016Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
28813
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3565922
CY2016Q3 us-gaap Noninterest Income
NoninterestIncome
2079658
CY2016Q3 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
2719014
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2158366
CY2016Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1009486
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
406076
CY2016Q3 us-gaap Interest Expense
InterestExpense
753488
CY2016Q3 us-gaap Noninterest Expense
NoninterestExpense
6557413
CY2016Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
305934
CY2016Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
447554
CY2016Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3460948
CY2016Q3 us-gaap Occupancy Net
OccupancyNet
1329796
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-37653
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-207546
CY2016Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
184018
CY2016Q3 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
6183648
CY2016Q3 cizn Other Comprehensive Income Loss Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Net Of Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesNetOfTax
3877147
CY2016Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1766669
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-60053
CY2016Q3 cizn Other Comprehensive Income Loss Unrealized Gain Loss On Transfers To Held To Maturity From Available For Sale Securities Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesTax
2306501

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