10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-19-143440 |
| Period End Date | 20190331 |
| Filing Date | 20190510 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | cizn-20190331.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
|
$3.56M | USD | Point-in-time |
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$3.37M | 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 |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$12.46M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$12.59M | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$13.19M | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$17.96M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.20 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
22.50M | shares | Point-in-time |
| Interest bearing deposits with other banks |
InterestBearingDepositsInBanks
|
$8.08M | USD | Point-in-time |
| Interest bearing deposits with other banks |
InterestBearingDepositsInBanks
|
$27.12M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
22.50M | shares | Point-in-time |
| Investment securities available for sale, at fair value |
AvailableForSaleSecuritiesDebtSecurities
|
$444.75M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
4.90M | shares | Point-in-time |
| Investment securities available for sale, at fair value |
AvailableForSaleSecuritiesDebtSecurities
|
$507.79M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
4.90M | shares | Point-in-time |
| Loans, net of allowance for loan losses of $3,559,896 in 2019 and $3,371,695 in 2018 |
LoansAndLeasesReceivableNetReportedAmount
|
$443.91M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
4.90M | shares | Point-in-time |
| Loans, net of allowance for loan losses of $3,559,896 in 2019 and $3,371,695 in 2018 |
LoansAndLeasesReceivableNetReportedAmount
|
$425.91M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
4.90M | shares | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$19.56M | USD | Point-in-time |
| Accumulated other comprehensive loss, tax benefits |
AccumulatedOtherComprehensiveIncomeLossTax
|
$4.98M | USD | Point-in-time |
| Accumulated other comprehensive loss, tax benefits |
AccumulatedOtherComprehensiveIncomeLossTax
|
$2.78M | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$19.72M | USD | Point-in-time |
| Other real estate owned, net |
OtherRealEstateAndForeclosedAssets
|
$3.44M | USD | Point-in-time |
| Other real estate owned, net |
OtherRealEstateAndForeclosedAssets
|
$3.44M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$4.33M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$4.17M | USD | Point-in-time |
| Cash surrender value of life insurance |
CashSurrenderValueOfLifeInsurance
|
$25.38M | USD | Point-in-time |
| Cash surrender value of life insurance |
CashSurrenderValueOfLifeInsurance
|
$25.53M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsNet
|
$4.60M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsNet
|
$6.63M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$8.65M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$7.97M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$958.63M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$1.06B | USD | Point-in-time |
| Noninterest-bearing demand |
NoninterestBearingDepositLiabilities
|
$171.56M | USD | Point-in-time |
| Noninterest-bearing demand |
NoninterestBearingDepositLiabilities
|
$170.03M | USD | Point-in-time |
| Interest-bearing NOW and money market accounts |
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
|
$298.22M | USD | Point-in-time |
| Interest-bearing NOW and money market accounts |
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
|
$369.05M | USD | Point-in-time |
| Savings deposits |
DepositsSavingsDeposits
|
$76.74M | USD | Point-in-time |
| Savings deposits |
DepositsSavingsDeposits
|
$77.32M | USD | Point-in-time |
| Certificates of deposit |
TimeDeposits
|
$222.24M | USD | Point-in-time |
| Certificates of deposit |
TimeDeposits
|
$211.24M | USD | Point-in-time |
| Total deposits |
Deposits
|
$756.22M | USD | Point-in-time |
| Total deposits |
Deposits
|
$840.16M | USD | Point-in-time |
| Securities sold under agreement to repurchase |
SecuritiesSoldUnderAgreementsToRepurchase
|
$115.45M | USD | Point-in-time |
| Securities sold under agreement to repurchase |
SecuritiesSoldUnderAgreementsToRepurchase
|
$107.97M | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$470.71K | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$650.68K | USD | Point-in-time |
| Deferred compensation payable |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$9.05M | USD | Point-in-time |
| Deferred compensation payable |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$9.14M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$1.05M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$1.42M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$874.76M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$966.81M | USD | Point-in-time |
| Common stock, $0.20 par value, 22,500,000 shares authorized, 4,904,530 shares issued and outstanding at March 31, 2019 and December 31, 2018 |
CommonStockValue
|
$980.91K | USD | Point-in-time |
| Common stock, $0.20 par value, 22,500,000 shares authorized, 4,904,530 shares issued and outstanding at March 31, 2019 and December 31, 2018 |
CommonStockValue
|
$980.91K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$4.34M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$4.30M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$93.56M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$93.61M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax benefit of $2,776,877 at March 31, 2019 and $4,978,232 at December 31, 2018 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-14.97M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax benefit of $2,776,877 at March 31, 2019 and $4,978,232 at December 31, 2018 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-8.35M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$83.87M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$82.02M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$90.58M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$88.45M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$958.63M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$1.06B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest and fees on loans |
InterestAndFeeIncomeLoansAndLeases
|
$5.45M | USD | 1 Quarter |
| Interest and fees on loans |
InterestAndFeeIncomeLoansAndLeases
|
$4.72M | USD | 1 Quarter |
| Taxable |
InterestIncomeSecuritiesTaxable
|
$2.20M | USD | 1 Quarter |
| Taxable |
InterestIncomeSecuritiesTaxable
|
$2.08M | USD | 1 Quarter |
| Nontaxable |
InterestIncomeSecuritiesTaxExempt
|
$617.73K | USD | 1 Quarter |
| Nontaxable |
InterestIncomeSecuritiesTaxExempt
|
$616.78K | USD | 1 Quarter |
| Other interest |
OtherInterestAndDividendIncome
|
$60.28K | USD | 1 Quarter |
| Other interest |
OtherInterestAndDividendIncome
|
$235.11K | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$8.38M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$7.60M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$1.73M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$501.21K | USD | 1 Quarter |
| Other borrowed funds |
InterestExpenseBorrowings
|
$445.03K | 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
|
$2.17M | USD | 1 Quarter |
| NET INTEREST INCOME |
InterestIncomeExpenseNet
|
$6.80M | USD | 1 Quarter |
| NET INTEREST INCOME |
InterestIncomeExpenseNet
|
$6.21M | USD | 1 Quarter |
| PROVISION FOR (REVERSAL OF) LOAN LOSSES |
ProvisionForLoanAndLeaseLosses
|
$-236.77K | USD | 1 Quarter |
| PROVISION FOR (REVERSAL OF) LOAN LOSSES |
ProvisionForLoanAndLeaseLosses
|
$195.48K | USD | 1 Quarter |
| NET INTEREST INCOME AFTER PROVISION FOR (REVERSAL OF) LOAN LOSSES |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$6.01M | USD | 1 Quarter |
| NET INTEREST INCOME AFTER PROVISION FOR (REVERSAL OF) LOAN LOSSES |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$7.04M | USD | 1 Quarter |
| Other operating income |
NoninterestIncomeOtherOperatingIncome
|
$288.37K | USD | 1 Quarter |
| Other operating income |
NoninterestIncomeOtherOperatingIncome
|
$266.58K | USD | 1 Quarter |
| Total other income |
NoninterestIncome
|
$2.10M | USD | 1 Quarter |
| Total other income |
NoninterestIncome
|
$2.05M | USD | 1 Quarter |
| Salaries and employee benefits |
LaborAndRelatedExpense
|
$3.67M | USD | 1 Quarter |
| Salaries and employee benefits |
LaborAndRelatedExpense
|
$3.55M | USD | 1 Quarter |
| Occupancy expense |
OccupancyNet
|
$1.53M | USD | 1 Quarter |
| Occupancy expense |
OccupancyNet
|
$1.42M | USD | 1 Quarter |
| Other expense |
OtherNoninterestExpense
|
$1.85M | USD | 1 Quarter |
| Other expense |
OtherNoninterestExpense
|
$1.67M | USD | 1 Quarter |
| Total other expenses |
NoninterestExpense
|
$6.64M | USD | 1 Quarter |
| Total other expenses |
NoninterestExpense
|
$7.05M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.42M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.09M | USD | 1 Quarter |
| PROVISION FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$195.17K | USD | 1 Quarter |
| PROVISION FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$321.88K | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$1.77M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$1.23M | USD | 1 Quarter |
| NET INCOME PER SHARE -Basic |
EarningsPerShareBasic
|
$0.25 | USD | 1 Quarter |
| NET INCOME PER SHARE -Basic |
EarningsPerShareBasic
|
$0.36 | USD | 1 Quarter |
| NET INCOME PER SHARE -Diluted |
EarningsPerShareDiluted
|
$0.36 | USD | 1 Quarter |
| NET INCOME PER SHARE -Diluted |
EarningsPerShareDiluted
|
$0.25 | 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
35 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$2.57M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.98M | USD | 1 Quarter |
| Proceeds from maturities and calls of securities available for sale |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$8.34M | USD | 1 Quarter |
| Proceeds from maturities and calls of securities available for sale |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$10.18M | USD | 1 Quarter |
| Proceeds from sale of investment securities |
ProceedsFromSaleOfAvailableForSaleSecurities
|
$14.75M | USD | 1 Quarter |
| Purchases of investment securities available for sale |
PaymentsToAcquireAvailableForSaleSecurities
|
$63.40M | USD | 1 Quarter |
| Purchases of bank premises and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$32.73K | USD | 1 Quarter |
| Purchases of bank premises and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$45.30K | USD | 1 Quarter |
| Decrease in interest bearing deposits with other banks |
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
|
$-19.04M | USD | 1 Quarter |
| Decrease in interest bearing deposits with other banks |
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
|
$-18.59M | USD | 1 Quarter |
| Proceeds from sale of other real estate |
ProceedsFromSaleOfForeclosedAssets
|
$667.25K | USD | 1 Quarter |
| Net increase in loans |
PaymentsForProceedsFromLoansAndLeases
|
$18.20M | USD | 1 Quarter |
| Net increase in loans |
PaymentsForProceedsFromLoansAndLeases
|
$2.93M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-92.35M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$4.05M | USD | 1 Quarter |
| Net increase in deposits |
IncreaseDecreaseInDeposits
|
$83.94M | USD | 1 Quarter |
| Net increase in deposits |
IncreaseDecreaseInDeposits
|
$64.94M | USD | 1 Quarter |
| Net change in securities sold under agreement to repurchase |
ProceedsFromPaymentsForOtherFinancingActivities
|
$7.49M | USD | 1 Quarter |
| Net change in securities sold under agreement to repurchase |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-43.65M | USD | 1 Quarter |
| Increase in federal funds purchased |
IncreaseDecreaseInFederalFundsPurchased
|
$1.50M | USD | 1 Quarter |
| Repayment of Federal Home Loan Bank advances |
RepaymentsOfFederalHomeLoanBankBorrowings
|
$30.00M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$1.18M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$1.17M | USD | 1 Quarter |
| Net cash used in (provided by) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-11.39M | USD | 1 Quarter |
| Net cash used in (provided by) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$90.25M | USD | 1 Quarter |
| Net decrease in cash and due from banks |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-129.58K | USD | 1 Quarter |
| Net decrease in cash and due from banks |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.77M | USD | 1 Quarter |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.46M | USD | Point-in-time |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.59M | USD | Point-in-time |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.19M | USD | Point-in-time |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$17.96M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.46M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.59M | 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
|
$17.96M | 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
|
$1.23M | USD | 1 Quarter |
| Unrealized holding gains (losses) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$-9.42M | USD | 1 Quarter |
| Unrealized holding gains (losses) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$8.82M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$-2.35M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$2.20M | USD | 1 Quarter |
| Net unrealized (losses) gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$6.62M | USD | 1 Quarter |
| Net unrealized (losses) gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-7.07M | 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
|
$6.62M | USD | 1 Quarter |
| Total other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$-7.06M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$7.85M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$-5.29M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.