10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-18-159066 |
| Period End Date | 20180331 |
| Filing Date | 20180510 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | cizn-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$3.70M | USD | Point-in-time |
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$3.90M | USD | Point-in-time |
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$2.73M | USD | Point-in-time |
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$3.02M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$13.19M | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$27.71M | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$17.96M | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$21.69M | USD | Point-in-time |
| Interest bearing deposits with other banks |
InterestBearingDepositsInBanks
|
$1.53M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
22.50M | shares | Point-in-time |
| Interest bearing deposits with other banks |
InterestBearingDepositsInBanks
|
$20.13M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
22.50M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
4.89M | shares | Point-in-time |
| Investment securities available for sale, at fair value |
AvailableForSaleSecuritiesDebtSecurities
|
$469.89M | USD | Point-in-time |
| Investment securities available for sale, at fair value |
AvailableForSaleSecuritiesDebtSecurities
|
$505.05M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
4.89M | shares | Point-in-time |
| Loans, net of allowance for loan losses of $2,725,441 in 2018 and $3,019,228 in 2017 |
LoansAndLeasesReceivableNetReportedAmount
|
$405.46M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
4.89M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
4.89M | shares | Point-in-time |
| Loans, net of allowance for loan losses of $2,725,441 in 2018 and $3,019,228 in 2017 |
LoansAndLeasesReceivableNetReportedAmount
|
$402.39M | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$20.37M | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$20.57M | USD | Point-in-time |
| Accumulated other comprehensive loss, tax benefits |
AccumulatedOtherComprehensiveIncomeLossTax
|
$5.08M | USD | Point-in-time |
| Accumulated other comprehensive loss, tax benefits |
AccumulatedOtherComprehensiveIncomeLossTax
|
$2.73M | USD | Point-in-time |
| Other real estate owned, net |
OtherRealEstateAndForeclosedAssets
|
$3.43M | USD | Point-in-time |
| Other real estate owned, net |
OtherRealEstateAndForeclosedAssets
|
$3.98M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$4.45M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$4.13M | USD | Point-in-time |
| Cash surrender value of life insurance |
CashSurrenderValueOfLifeInsurance
|
$24.80M | USD | Point-in-time |
| Cash surrender value of life insurance |
CashSurrenderValueOfLifeInsurance
|
$24.61M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsNet
|
$7.08M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsNet
|
$5.36M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$7.56M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$7.19M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$976.04M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$993.10M | USD | Point-in-time |
| Noninterest-bearing demand |
NoninterestBearingDepositLiabilities
|
$159.29M | USD | Point-in-time |
| Noninterest-bearing demand |
NoninterestBearingDepositLiabilities
|
$170.08M | USD | Point-in-time |
| Interest-bearing NOW and money market accounts |
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
|
$306.05M | USD | Point-in-time |
| Interest-bearing NOW and money market accounts |
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
|
$329.02M | USD | Point-in-time |
| Savings deposits |
DepositsSavingsDeposits
|
$80.41M | USD | Point-in-time |
| Savings deposits |
DepositsSavingsDeposits
|
$77.78M | USD | Point-in-time |
| Certificates of deposit |
TimeDeposits
|
$206.12M | USD | Point-in-time |
| Certificates of deposit |
TimeDeposits
|
$177.56M | USD | Point-in-time |
| Total deposits |
Deposits
|
$785.63M | USD | Point-in-time |
| Total deposits |
Deposits
|
$720.69M | USD | Point-in-time |
| Securities sold under agreement to repurchase |
SecuritiesSoldUnderAgreementsToRepurchase
|
$142.50M | USD | Point-in-time |
| Securities sold under agreement to repurchase |
SecuritiesSoldUnderAgreementsToRepurchase
|
$98.84M | USD | Point-in-time |
| Federal Funds Purchased |
FederalFundsPurchased
|
$1.50M | USD | Point-in-time |
| Federal Home Loan Bank advances |
FederalHomeLoanBankAdvancesLongTerm
|
$30.00M | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$198.18K | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$201.62K | USD | Point-in-time |
| Deferred compensation payable |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$8.73M | USD | Point-in-time |
| Deferred compensation payable |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$8.62M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$605.62K | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$1.14M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$894.01M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$904.64M | USD | Point-in-time |
| Common stock; $0.20 par value, 22,500,000 shares authorized, 4,894,705 shares issued and outstanding at March 31, 2018 and 4,894,705 shares issued and outstanding at December 31, 2017 |
CommonStockValue
|
$978.94K | USD | Point-in-time |
| Common stock; $0.20 par value, 22,500,000 shares authorized, 4,894,705 shares issued and outstanding at March 31, 2018 and 4,894,705 shares issued and outstanding at December 31, 2017 |
CommonStockValue
|
$978.94K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$4.10M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$4.15M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$91.59M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$92.19M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax benefit of $5,081,847 in 2018 and $2,734,500 in 2017 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-8.23M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax benefit of $5,081,847 in 2018 and $2,734,500 in 2017 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-15.29M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$88.45M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$82.03M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$976.04M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$993.10M | USD | Point-in-time |
Income Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loans, including fees |
InterestAndFeeIncomeLoansAndLeases
|
$4.72M | USD | 1 Quarter |
| Loans, including fees |
InterestAndFeeIncomeLoansAndLeases
|
$4.57M | USD | 1 Quarter |
| Investment securities |
InterestAndDividendIncomeSecurities
|
$2.83M | USD | 1 Quarter |
| Investment securities |
InterestAndDividendIncomeSecurities
|
$2.82M | USD | 1 Quarter |
| Other interest |
OtherInterestAndDividendIncome
|
$68.55K | USD | 1 Quarter |
| Other interest |
OtherInterestAndDividendIncome
|
$60.28K | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$7.47M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$7.60M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$477.64K | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$501.21K | USD | 1 Quarter |
| Other borrowed funds |
InterestExpenseBorrowings
|
$329.81K | USD | 1 Quarter |
| Other borrowed funds |
InterestExpenseBorrowings
|
$293.43K | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$794.64K | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$807.45K | USD | 1 Quarter |
| NET INTEREST INCOME |
InterestIncomeExpenseNet
|
$6.66M | USD | 1 Quarter |
| NET INTEREST INCOME |
InterestIncomeExpenseNet
|
$6.80M | USD | 1 Quarter |
| REVERSAL OF LOAN LOSSES |
ProvisionForLoanAndLeaseLosses
|
$-151.22K | USD | 1 Quarter |
| REVERSAL OF LOAN LOSSES |
ProvisionForLoanAndLeaseLosses
|
$-236.77K | USD | 1 Quarter |
| NET INTEREST INCOME AFTER REVERSAL OF LOAN LOSSES |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$6.81M | USD | 1 Quarter |
| NET INTEREST INCOME AFTER REVERSAL OF LOAN LOSSES |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$7.04M | USD | 1 Quarter |
| Service charges on deposit accounts |
FeesAndCommissionsDepositorAccounts
|
$1.14M | USD | 1 Quarter |
| Service charges on deposit accounts |
FeesAndCommissionsDepositorAccounts
|
$1.04M | USD | 1 Quarter |
| Other service charges and fees |
FeesAndCommissionsOther
|
$668.46K | USD | 1 Quarter |
| Other service charges and fees |
FeesAndCommissionsOther
|
$616.77K | USD | 1 Quarter |
| Other operating income |
NoninterestIncomeOtherOperatingIncome
|
$288.37K | USD | 1 Quarter |
| Other operating income |
NoninterestIncomeOtherOperatingIncome
|
$275.46K | USD | 1 Quarter |
| Total other income |
NoninterestIncome
|
$1.93M | USD | 1 Quarter |
| Total other income |
NoninterestIncome
|
$2.10M | USD | 1 Quarter |
| Salaries and employee benefits |
LaborAndRelatedExpense
|
$3.66M | USD | 1 Quarter |
| Salaries and employee benefits |
LaborAndRelatedExpense
|
$3.67M | USD | 1 Quarter |
| Occupancy expense |
OccupancyNet
|
$1.31M | USD | 1 Quarter |
| Occupancy expense |
OccupancyNet
|
$1.53M | USD | 1 Quarter |
| Other operating expense |
OtherNoninterestExpense
|
$1.85M | USD | 1 Quarter |
| Other operating expense |
OtherNoninterestExpense
|
$2.14M | USD | 1 Quarter |
| Total other expenses |
NoninterestExpense
|
$7.05M | USD | 1 Quarter |
| Total other expenses |
NoninterestExpense
|
$7.11M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.64M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.09M | USD | 1 Quarter |
| PROVISION FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$321.88K | USD | 1 Quarter |
| PROVISION FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$200.63K | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$1.77M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$1.44M | USD | 1 Quarter |
| NET INCOME PER SHARE -Basic |
EarningsPerShareBasic
|
$0.29 | USD | 1 Quarter |
| NET INCOME PER SHARE -Basic |
EarningsPerShareBasic
|
$0.36 | USD | 1 Quarter |
| NET INCOME PER SHARE -Diluted |
EarningsPerShareDiluted
|
$0.29 | USD | 1 Quarter |
| NET INCOME PER SHARE -Diluted |
EarningsPerShareDiluted
|
$0.36 | USD | 1 Quarter |
| DIVIDENDS PAID PER SHARE |
CommonStockDividendsPerShareCashPaid
|
$0.24 | USD | 1 Quarter |
| DIVIDENDS PAID PER SHARE |
CommonStockDividendsPerShareCashPaid
|
$0.24 | USD | 1 Quarter |
Cash Flow Statement
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$2.35M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$2.57M | USD | 1 Quarter |
| Proceeds from maturities and calls of securities available for sale |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$10.18M | USD | 1 Quarter |
| Proceeds from maturities and calls of securities available for sale |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$11.14M | USD | 1 Quarter |
| Proceeds from sale of investment securities |
ProceedsFromSaleOfAvailableForSaleSecurities
|
$14.75M | USD | 1 Quarter |
| Purchases of investment securities available for sale |
PaymentsToAcquireAvailableForSaleSecurities
|
$1.32M | USD | 1 Quarter |
| Purchases of bank premises and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$32.73K | USD | 1 Quarter |
| Purchases of bank premises and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.02M | USD | 1 Quarter |
| Increase in interest bearing deposits with other banks |
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
|
$-18.59M | USD | 1 Quarter |
| Increase in interest bearing deposits with other banks |
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
|
$-25.11M | USD | 1 Quarter |
| Proceeds from sale of other real estate |
ProceedsFromSaleOfForeclosedAssets
|
$82.55K | USD | 1 Quarter |
| Proceeds from sale of other real estate |
ProceedsFromSaleOfForeclosedAssets
|
$667.25K | USD | 1 Quarter |
| Net (increase) decrease in loans |
PaymentsForProceedsFromLoansAndLeases
|
$-1.10M | USD | 1 Quarter |
| Net (increase) decrease in loans |
PaymentsForProceedsFromLoansAndLeases
|
$2.93M | USD | 1 Quarter |
| Net cash provided by (used by) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$4.05M | USD | 1 Quarter |
| Net cash provided by (used by) investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-15.13M | USD | 1 Quarter |
| Net increase in deposits |
IncreaseDecreaseInDeposits
|
$64.94M | USD | 1 Quarter |
| Net increase in deposits |
IncreaseDecreaseInDeposits
|
$29.06M | USD | 1 Quarter |
| Net change in securities sold under agreement to repurchase |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-9.18M | USD | 1 Quarter |
| Net change in securities sold under agreement to repurchase |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-43.65M | USD | 1 Quarter |
| Decrease in Federal Funds Purchased |
IncreaseDecreaseInFederalFundsPurchased
|
$1.50M | USD | 1 Quarter |
| Payment of Federal Home Loan Bank advances |
RepaymentsOfFederalHomeLoanBankBorrowings
|
$30.00M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$92.62K | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$1.17M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$1.17M | USD | 1 Quarter |
| Net cash (used by) provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-11.39M | USD | 1 Quarter |
| Net cash (used by) provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$18.80M | USD | 1 Quarter |
| Net (decrease) increase in cash and due from banks |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$6.02M | USD | 1 Quarter |
| Net (decrease) increase in cash and due from banks |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.77M | USD | 1 Quarter |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.19M | USD | Point-in-time |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$27.71M | USD | Point-in-time |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$17.96M | USD | Point-in-time |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$21.69M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.19M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$27.71M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$17.96M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$21.69M | USD | Point-in-time |
Comprehensive Income
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$1.77M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.44M | USD | 1 Quarter |
| Unrealized holding (losses) gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$-9.42M | USD | 1 Quarter |
| Unrealized holding (losses) gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$4.40M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$1.64M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$-2.35M | USD | 1 Quarter |
| Net unrealized gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-7.07M | USD | 1 Quarter |
| Net unrealized gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$2.76M | USD | 1 Quarter |
| Reclassification adjustment for gains included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
$-8.02K | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
$-2.00K | USD | 1 Quarter |
| Net gains included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
$-6.02K | USD | 1 Quarter |
| Total other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$-7.06M | USD | 1 Quarter |
| Total other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$2.76M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$4.20M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$-5.29M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.