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10-Q Filing

CITIZENS HOLDING CO /MS/ CIK: 1075706 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001193125-16-584901
Period End Date 20160331
Filing Date 20160510
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance cizn-20160331.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Loans, allowance for loan losses LoansAndLeasesReceivableAllowance $6.63M USD Point-in-time
Loans, allowance for loan losses LoansAndLeasesReceivableAllowance $6.54M USD Point-in-time
Loans, allowance for loan losses LoansAndLeasesReceivableAllowance $5.01M USD Point-in-time
Loans, allowance for loan losses LoansAndLeasesReceivableAllowance $6.47M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.20 USD Point-in-time
Cash and due from banks CashAndCashEquivalentsAtCarryingValue $14.95M USD Point-in-time
Cash and due from banks CashAndCashEquivalentsAtCarryingValue $21.47M USD Point-in-time
Cash and due from banks CashAndCashEquivalentsAtCarryingValue $22.41M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.20 USD Point-in-time
Cash and due from banks CashAndCashEquivalentsAtCarryingValue $26.58M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 22.50M shares Point-in-time
Interest bearing deposits with other banks InterestBearingDepositsInBanks $42.27M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 22.50M shares Point-in-time
Interest bearing deposits with other banks InterestBearingDepositsInBanks $885.77K USD Point-in-time
Investment securities held to maturity, at amortized cost HeldToMaturitySecurities $151.88M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 4.88M shares Point-in-time
Investment securities held to maturity, at amortized cost HeldToMaturitySecurities $161.04M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 4.88M shares Point-in-time
Investment securities available for sale, at fair value AvailableForSaleSecuritiesDebtSecurities $267.26M USD Point-in-time
Accumulated other comprehensive loss, tax AccumulatedOtherComprehensiveIncomeLossTax $-3.23M USD Point-in-time
Accumulated other comprehensive loss, tax AccumulatedOtherComprehensiveIncomeLossTax $-4.23M USD Point-in-time
Investment securities available for sale, at fair value AvailableForSaleSecuritiesDebtSecurities $349.28M USD Point-in-time
Loans, net of allowance for loan losses of $5,008,742 in 2016 and $6,473,703 in 2015 LoansAndLeasesReceivableNetReportedAmount $409.47M USD Point-in-time
Loans, net of allowance for loan losses of $5,008,742 in 2016 and $6,473,703 in 2015 LoansAndLeasesReceivableNetReportedAmount $423.11M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $18.44M USD Point-in-time
Premises and equipment, net PropertyPlantAndEquipmentNet $18.66M USD Point-in-time
Other real estate owned, net OtherRealEstateAndForeclosedAssets $3.57M USD Point-in-time
Other real estate owned, net OtherRealEstateAndForeclosedAssets $3.38M USD Point-in-time
Accrued interest receivable InterestReceivable $4.73M USD Point-in-time
Accrued interest receivable InterestReceivable $3.93M USD Point-in-time
Cash value of life insurance CashSurrenderValueOfLifeInsurance $23.13M USD Point-in-time
Cash value of life insurance CashSurrenderValueOfLifeInsurance $23.30M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsNet $7.69M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsNet $9.17M USD Point-in-time
Other assets OtherAssets $6.64M USD Point-in-time
Other assets OtherAssets $6.42M USD Point-in-time
TOTAL ASSETS Assets $973.50M USD Point-in-time
TOTAL ASSETS Assets $1.00B USD Point-in-time
Noninterest-bearing demand NoninterestBearingDepositLiabilities $151.93M USD Point-in-time
Noninterest-bearing demand NoninterestBearingDepositLiabilities $148.72M USD Point-in-time
Interest-bearing NOW and money market accounts InterestBearingDepositLiabilities $362.39M USD Point-in-time
Interest-bearing NOW and money market accounts InterestBearingDepositLiabilities $323.38M USD Point-in-time
Savings deposits DepositsSavingsDeposits $72.46M USD Point-in-time
Savings deposits DepositsSavingsDeposits $70.53M USD Point-in-time
Certificates of deposit TimeDeposits $203.51M USD Point-in-time
Certificates of deposit TimeDeposits $210.76M USD Point-in-time
Total deposits Deposits $753.40M USD Point-in-time
Total deposits Deposits $790.29M USD Point-in-time
Securities sold under agreement to repurchase SecuritiesSoldUnderAgreementsToRepurchase $94.84M USD Point-in-time
Securities sold under agreement to repurchase SecuritiesSoldUnderAgreementsToRepurchase $104.30M USD Point-in-time
Federal Funds Purchased FederalFundsPurchased - USD Point-in-time
Federal Funds Purchased FederalFundsPurchased - USD Point-in-time
Federal Home Loan Bank advances FederalHomeLoanBankAdvancesLongTerm $20.00M USD Point-in-time
Federal Home Loan Bank advances FederalHomeLoanBankAdvancesLongTerm $20.00M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $180.00K USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $175.95K USD Point-in-time
Deferred compensation payable DeferredCompensationLiabilityCurrentAndNoncurrent $7.72M USD Point-in-time
Deferred compensation payable DeferredCompensationLiabilityCurrentAndNoncurrent $7.84M USD Point-in-time
Other liabilities OtherLiabilities $1.48M USD Point-in-time
Other liabilities OtherLiabilities $648.20K USD Point-in-time
Total liabilities Liabilities $887.08M USD Point-in-time
Total liabilities Liabilities $913.79M USD Point-in-time
Common stock; $.20 par value, 22,500,000 shares authorized, 4,875,079 shares outstanding at March 31, 2016 and December 31, 2015 CommonStockValue $975.02K USD Point-in-time
Common stock; $.20 par value, 22,500,000 shares authorized, 4,875,079 shares outstanding at March 31, 2016 and December 31, 2015 CommonStockValue $975.02K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $3.62M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $3.65M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $88.95M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $89.31M USD Point-in-time
Accumulated other comprehensive loss, net of tax benefit of $3,231,113 in 2016 and $4,233,473 in 2015 AccumulatedOtherComprehensiveIncomeLossNetOfTax $-7.12M USD Point-in-time
Accumulated other comprehensive loss, net of tax benefit of $3,231,113 in 2016 and $4,233,473 in 2015 AccumulatedOtherComprehensiveIncomeLossNetOfTax $-5.43M USD Point-in-time
Total shareholders' equity StockholdersEquity $86.43M USD Point-in-time
Total shareholders' equity StockholdersEquity $88.50M USD Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $1.00B USD Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $973.50M USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Loans, including fees InterestAndFeeIncomeLoansAndLeases $5.01M USD 1 Quarter
Loans, including fees InterestAndFeeIncomeLoansAndLeases $4.78M USD 1 Quarter
Investment securities InterestAndDividendIncomeSecurities $2.67M USD 1 Quarter
Investment securities InterestAndDividendIncomeSecurities $2.72M USD 1 Quarter
Other interest OtherInterestAndDividendIncome $79.50K USD 1 Quarter
Other interest OtherInterestAndDividendIncome $30.04K USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $7.71M USD 1 Quarter
Total interest income InterestAndDividendIncomeOperating $7.58M USD 1 Quarter
Deposits InterestExpenseDeposits $432.15K USD 1 Quarter
Deposits InterestExpenseDeposits $468.46K USD 1 Quarter
Other borrowed funds InterestExpenseBorrowings $300.60K USD 1 Quarter
Other borrowed funds InterestExpenseBorrowings $319.03K USD 1 Quarter
Total interest expense InterestExpense $769.06K USD 1 Quarter
Total interest expense InterestExpense $751.18K USD 1 Quarter
NET INTEREST INCOME InterestIncomeExpenseNet $6.81M USD 1 Quarter
NET INTEREST INCOME InterestIncomeExpenseNet $6.95M USD 1 Quarter
PROVISION FOR LOAN LOSSES ProvisionForLoanAndLeaseLosses $60.50K USD 1 Quarter
PROVISION FOR LOAN LOSSES ProvisionForLoanAndLeaseLosses $184.18K USD 1 Quarter
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES InterestIncomeExpenseAfterProvisionForLoanLoss $6.75M USD 1 Quarter
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES InterestIncomeExpenseAfterProvisionForLoanLoss $6.77M USD 1 Quarter
Service charges on deposit accounts FeesAndCommissionsDepositorAccounts $886.78K USD 1 Quarter
Service charges on deposit accounts FeesAndCommissionsDepositorAccounts $886.80K USD 1 Quarter
Other service charges and fees FeesAndCommissionsOther $531.85K USD 1 Quarter
Other service charges and fees FeesAndCommissionsOther $586.42K USD 1 Quarter
Other income NoninterestIncomeOtherOperatingIncome $342.46K USD 1 Quarter
Other income NoninterestIncomeOtherOperatingIncome $333.11K USD 1 Quarter
Total other income NoninterestIncome $1.75M USD 1 Quarter
Total other income NoninterestIncome $1.82M USD 1 Quarter
Salaries and employee benefits LaborAndRelatedExpense $3.36M USD 1 Quarter
Salaries and employee benefits LaborAndRelatedExpense $3.40M USD 1 Quarter
Occupancy expense OccupancyNet $1.33M USD 1 Quarter
Occupancy expense OccupancyNet $1.30M USD 1 Quarter
Other operating expense OtherNoninterestExpense $1.91M USD 1 Quarter
Other operating expense OtherNoninterestExpense $1.83M USD 1 Quarter
Total other expenses NoninterestExpense $6.49M USD 1 Quarter
Total other expenses NoninterestExpense $6.64M USD 1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.92M USD 1 Quarter
INCOME BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.04M USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $395.38K USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit $441.94K USD 1 Quarter
NET INCOME NetIncomeLoss $1.53M USD 1 Quarter
NET INCOME NetIncomeLoss $1.59M USD 1 Quarter
-Basic EarningsPerShareBasic $0.31 USD 1 Quarter
-Basic EarningsPerShareBasic $0.33 USD 1 Quarter
-Diluted EarningsPerShareDiluted $0.33 USD 1 Quarter
-Diluted EarningsPerShareDiluted $0.31 USD 1 Quarter
DIVIDENDS PAID PER SHARE CommonStockDividendsPerShareCashPaid $0.24 USD 1 Quarter
DIVIDENDS PAID PER SHARE CommonStockDividendsPerShareCashPaid $0.23 USD 1 Quarter
Cash Flow Statement 37 line items
Line Item Tag Value Unit Period
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $1.45M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $792.20K USD 1 Quarter
Proceeds from maturities and calls of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $27.13M USD 1 Quarter
Proceeds from maturities and calls of securities available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $11.37M USD 1 Quarter
Proceeds from maturities and calls of securities held to maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $10.00M USD 1 Quarter
Proceeds from maturities and calls of securities held to maturity ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $10.00M USD 1 Quarter
Purchases of investment securities available for sale PaymentsToAcquireAvailableForSaleSecurities $56.84M USD 1 Quarter
Purchases of investment securities available for sale PaymentsToAcquireAvailableForSaleSecurities $107.66M USD 1 Quarter
Purchases of bank premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $29.24K USD 1 Quarter
Purchases of bank premises and equipment PaymentsToAcquirePropertyPlantAndEquipment $24.15K USD 1 Quarter
Decrease in interest bearing deposits with other banks ProceedsFromPaymentsForInInterestBearingDepositsInBanks $25.48M USD 1 Quarter
Decrease in interest bearing deposits with other banks ProceedsFromPaymentsForInInterestBearingDepositsInBanks $41.38M USD 1 Quarter
Proceeds from sale of other real estate ProceedsFromSaleOfForeclosedAssets $194.74K USD 1 Quarter
Proceeds from sale of other real estate ProceedsFromSaleOfForeclosedAssets $626.44K USD 1 Quarter
Redemption of Federal Home Loan Bank Stock ProceedsFromSaleOfFederalHomeLoanBankStock $150.70K USD 1 Quarter
Net decrease (increase) in loans PaymentsForProceedsFromLoansAndLeases $15.38M USD 1 Quarter
Net decrease (increase) in loans PaymentsForProceedsFromLoansAndLeases $-13.58M USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-24.63M USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-15.41M USD 1 Quarter
Net increase in deposits IncreaseDecreaseInDeposits $20.68M USD 1 Quarter
Net increase in deposits IncreaseDecreaseInDeposits $36.89M USD 1 Quarter
Net change in securities sold under agreement to repurchase ProceedsFromPaymentsForOtherFinancingActivities $2.69M USD 1 Quarter
Net change in securities sold under agreement to repurchase ProceedsFromPaymentsForOtherFinancingActivities $-9.46M USD 1 Quarter
Payment of dividends PaymentsOfDividends $1.17M USD 1 Quarter
Payment of dividends PaymentsOfDividends $1.12M USD 1 Quarter
Net cash provided by (used by) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $26.25M USD 1 Quarter
Net cash provided by (used by) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $22.25M USD 1 Quarter
Net increase (decrease) in cash and due from banks CashAndCashEquivalentsPeriodIncreaseDecrease $-931.04K USD 1 Quarter
Net increase (decrease) in cash and due from banks CashAndCashEquivalentsPeriodIncreaseDecrease $11.63M USD 1 Quarter
Cash and due from banks, beginning of period CashAndCashEquivalentsAtCarryingValue $14.95M USD Point-in-time
Cash and due from banks, beginning of period CashAndCashEquivalentsAtCarryingValue $21.47M USD Point-in-time
Cash and due from banks, beginning of period CashAndCashEquivalentsAtCarryingValue $22.41M USD Point-in-time
Cash and due from banks, beginning of period CashAndCashEquivalentsAtCarryingValue $26.58M USD Point-in-time
Cash and due from banks, end of period CashAndCashEquivalentsAtCarryingValue $14.95M USD Point-in-time
Cash and due from banks, end of period CashAndCashEquivalentsAtCarryingValue $21.47M USD Point-in-time
Cash and due from banks, end of period CashAndCashEquivalentsAtCarryingValue $22.41M USD Point-in-time
Cash and due from banks, end of period CashAndCashEquivalentsAtCarryingValue $26.58M USD Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $1.53M USD 1 Quarter
Net income NetIncomeLoss $1.59M USD 1 Quarter
Unrealized holding gains OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $954.04K USD 1 Quarter
Unrealized holding gains OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $1.86M USD 1 Quarter
Income tax effect OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $692.36K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $355.86K USD 1 Quarter
Net unrealized gains OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $1.16M USD 1 Quarter
Net unrealized gains OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $598.18K USD 1 Quarter
Securities transferred from available-for-sale to held-to-maturity HeldToMaturitySecuritiesTransferredSecurityUnrealizedGainLoss - USD 1 Quarter
Securities transferred from available-for-sale to held-to-maturity HeldToMaturitySecuritiesTransferredSecurityUnrealizedGainLoss - USD 1 Quarter
Amortization of net unrealized losses during the period OtherComprehensiveIncomeLossAmortizationOfNetUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesBeforeTax $831.09K USD 1 Quarter
Amortization of net unrealized losses during the period OtherComprehensiveIncomeLossAmortizationOfNetUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesBeforeTax $944.03K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-310.00K USD 1 Quarter
Income tax effect OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-352.12K USD 1 Quarter
Net unrealized (losses) gains, securities held-to-maturity OtherComprehensiveIncomeLossUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesNetOfTax $591.91K USD 1 Quarter
Net unrealized (losses) gains, securities held-to-maturity OtherComprehensiveIncomeLossUnrealizedGainLossOnTransfersToHeldToMaturityFromAvailableForSaleSecuritiesNetOfTax $521.09K USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $1.68M USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTax $1.19M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $3.21M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $2.78M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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