10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-20-136839 |
| Period End Date | 20200331 |
| Filing Date | 20200508 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | cizn-20200331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
73 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$3.75M | USD | Point-in-time |
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$3.82M | USD | Point-in-time |
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$3.56M | USD | Point-in-time |
| Loans, allowance for loan losses |
LoansAndLeasesReceivableAllowance
|
$3.37M | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$15.94M | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$19.61M | USD | Point-in-time |
| Cash and due from banks |
CashAndCashEquivalentsAtCarryingValue
|
$12.59M | 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 |
| 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 |
InterestBearingDepositsWithOtherBanks
|
$58.56M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
22.50M | shares | Point-in-time |
| Interest bearing deposits with other banks |
InterestBearingDepositsWithOtherBanks
|
$61.91M | USD | Point-in-time |
| Federal funds sold |
FederalFundsSold
|
$1.60M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
5.58M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
5.58M | shares | Point-in-time |
| Investment securities available for sale, at fair value |
AvailableForSaleSecuritiesDebtSecurities
|
$464.38M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
5.58M | shares | Point-in-time |
| Investment securities available for sale, at fair value |
AvailableForSaleSecuritiesDebtSecurities
|
$482.08M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
5.58M | shares | Point-in-time |
| Loans, net of allowance for loan losses of $3,816 in 2020 and $3,755 in 2019 |
LoansAndLeasesReceivableNetReportedAmount
|
$573.31M | USD | Point-in-time |
| Accumulated other comprehensive loss, tax benefits |
AccumulatedOtherComprehensiveIncomeLossTax
|
$262.00K | USD | Point-in-time |
| Loans, net of allowance for loan losses of $3,816 in 2020 and $3,755 in 2019 |
LoansAndLeasesReceivableNetReportedAmount
|
$573.16M | USD | Point-in-time |
| Accumulated other comprehensive loss, tax benefits |
AccumulatedOtherComprehensiveIncomeLossTax
|
$1.73M | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$24.50M | USD | Point-in-time |
| Premises and equipment, net |
PropertyPlantAndEquipmentNet
|
$24.67M | USD | Point-in-time |
| Other real estate owned, net |
OtherRealEstateAndForeclosedAssets
|
$3.55M | USD | Point-in-time |
| Other real estate owned, net |
OtherRealEstateAndForeclosedAssets
|
$3.64M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$4.18M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$4.11M | USD | Point-in-time |
| Cash surrender value of life insurance |
CashSurrenderValueOfLifeInsurance
|
$25.09M | USD | Point-in-time |
| Cash surrender value of life insurance |
CashSurrenderValueOfLifeInsurance
|
$25.22M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsNet
|
$1.67M | USD | Point-in-time |
| Deferred tax assets, net |
DeferredTaxAssetsNet
|
$3.68M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$20.22M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$20.47M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$1.20B | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$1.22B | USD | Point-in-time |
| Noninterest-bearing demand |
NoninterestBearingDepositLiabilities
|
$190.41M | USD | Point-in-time |
| Noninterest-bearing demand |
NoninterestBearingDepositLiabilities
|
$195.84M | USD | Point-in-time |
| Interest-bearing NOW and money market accounts |
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
|
$410.49M | USD | Point-in-time |
| Interest-bearing NOW and money market accounts |
DepositsMoneyMarketDepositsAndNegotiableOrderOfWithdrawalNOW
|
$369.35M | USD | Point-in-time |
| Savings deposits |
DepositsSavingsDeposits
|
$87.42M | USD | Point-in-time |
| Savings deposits |
DepositsSavingsDeposits
|
$83.06M | USD | Point-in-time |
| Certificates of deposit |
TimeDeposits
|
$232.14M | USD | Point-in-time |
| Certificates of deposit |
TimeDeposits
|
$256.17M | USD | Point-in-time |
| Total deposits |
Deposits
|
$899.00M | USD | Point-in-time |
| Total deposits |
Deposits
|
$925.89M | USD | Point-in-time |
| Securities sold under agreement to repurchase |
SecuritiesSoldUnderAgreementsToRepurchase
|
$170.41M | USD | Point-in-time |
| Securities sold under agreement to repurchase |
SecuritiesSoldUnderAgreementsToRepurchase
|
$159.44M | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$722.00K | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$1.13M | USD | Point-in-time |
| Deferred compensation payable |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$9.45M | USD | Point-in-time |
| Deferred compensation payable |
DeferredCompensationLiabilityCurrentAndNoncurrent
|
$9.53M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$1.78M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$2.65M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.08B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.10B | USD | Point-in-time |
| Common stock, $0.20 par value, 22,500,000 shares authorized, 5,582,631 shares issued and outstanding at March 31, 2020 and 5,578,131 at December 31, 2019 |
CommonStockValue
|
$1.12M | USD | Point-in-time |
| Common stock, $0.20 par value, 22,500,000 shares authorized, 5,582,631 shares issued and outstanding at March 31, 2020 and 5,578,131 at December 31, 2019 |
CommonStockValue
|
$1.12M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$17.88M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$18.01M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$94.59M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$94.41M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax (expense) benefit of ($1,731) at March 31, 2020 and $262 at December 31, 2019 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$5.21M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax (expense) benefit of ($1,731) at March 31, 2020 and $262 at December 31, 2019 |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-789.00K | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$83.87M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$118.74M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$90.58M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$112.80M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$1.20B | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$1.22B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Interest and fees on loans |
InterestAndFeeIncomeLoansAndLeases
|
$7.48M | USD | 1 Quarter |
| Interest and fees on loans |
InterestAndFeeIncomeLoansAndLeases
|
$5.45M | USD | 1 Quarter |
| Taxable |
InterestIncomeSecuritiesTaxable
|
$1.66M | USD | 1 Quarter |
| Taxable |
InterestIncomeSecuritiesTaxable
|
$2.08M | USD | 1 Quarter |
| Nontaxable |
InterestIncomeSecuritiesTaxExempt
|
$340.00K | USD | 1 Quarter |
| Nontaxable |
InterestIncomeSecuritiesTaxExempt
|
$617.00K | USD | 1 Quarter |
| Other interest |
OtherInterestAndDividendIncome
|
$232.00K | USD | 1 Quarter |
| Other interest |
OtherInterestAndDividendIncome
|
$235.00K | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$9.71M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$8.38M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$1.97M | USD | 1 Quarter |
| Deposits |
InterestExpenseDeposits
|
$1.73M | USD | 1 Quarter |
| Other borrowed funds |
InterestExpenseBorrowings
|
$445.00K | USD | 1 Quarter |
| Other borrowed funds |
InterestExpenseBorrowings
|
$355.00K | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$2.32M | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$2.17M | USD | 1 Quarter |
| NET INTEREST INCOME |
InterestIncomeExpenseNet
|
$7.38M | USD | 1 Quarter |
| NET INTEREST INCOME |
InterestIncomeExpenseNet
|
$6.21M | USD | 1 Quarter |
| PROVISION FOR LOAN LOSSES |
ProvisionForLoanAndLeaseLosses
|
$195.00K | USD | 1 Quarter |
| PROVISION FOR LOAN LOSSES |
ProvisionForLoanAndLeaseLosses
|
$314.00K | USD | 1 Quarter |
| NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$7.07M | USD | 1 Quarter |
| NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$6.01M | USD | 1 Quarter |
| Other operating income |
NoninterestIncomeOtherOperatingIncome
|
$559.00K | USD | 1 Quarter |
| Other operating income |
NoninterestIncomeOtherOperatingIncome
|
$266.00K | USD | 1 Quarter |
| Total other income |
NoninterestIncome
|
$2.38M | USD | 1 Quarter |
| Total other income |
NoninterestIncome
|
$2.05M | USD | 1 Quarter |
| Salaries and employee benefits |
LaborAndRelatedExpense
|
$4.43M | USD | 1 Quarter |
| Salaries and employee benefits |
LaborAndRelatedExpense
|
$3.55M | USD | 1 Quarter |
| Occupancy expense |
OccupancyNet
|
$1.42M | USD | 1 Quarter |
| Occupancy expense |
OccupancyNet
|
$1.66M | USD | 1 Quarter |
| Other expense |
OtherNoninterestExpense
|
$1.67M | USD | 1 Quarter |
| Other expense |
OtherNoninterestExpense
|
$1.97M | USD | 1 Quarter |
| Total other expenses |
NoninterestExpense
|
$6.64M | USD | 1 Quarter |
| Total other expenses |
NoninterestExpense
|
$8.07M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.42M | USD | 1 Quarter |
| INCOME BEFORE PROVISION FOR INCOME TAXES |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.39M | USD | 1 Quarter |
| PROVISION FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$195.00K | USD | 1 Quarter |
| PROVISION FOR INCOME TAXES |
IncomeTaxExpenseBenefit
|
$225.00K | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$1.16M | USD | 1 Quarter |
| NET INCOME |
NetIncomeLoss
|
$1.23M | USD | 1 Quarter |
| NET INCOME PER SHARE -Basic |
EarningsPerShareBasic
|
$0.21 | USD | 1 Quarter |
| NET INCOME PER SHARE -Basic |
EarningsPerShareBasic
|
$0.25 | USD | 1 Quarter |
| NET INCOME PER SHARE -Diluted |
EarningsPerShareDiluted
|
$0.25 | USD | 1 Quarter |
| NET INCOME PER SHARE -Diluted |
EarningsPerShareDiluted
|
$0.21 | 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
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.98M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$2.34M | USD | 1 Quarter |
| Proceeds from maturities and calls of securities available for sale |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$74.27M | USD | 1 Quarter |
| Proceeds from maturities and calls of securities available for sale |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$8.34M | USD | 1 Quarter |
| Proceeds from sale of investment securities |
ProceedsFromSaleOfAvailableForSaleSecurities
|
$37.20M | USD | 1 Quarter |
| Purchases of investment securities available for sale |
PaymentsToAcquireAvailableForSaleSecurities
|
$63.40M | USD | 1 Quarter |
| Purchases of investment securities available for sale |
PaymentsToAcquireAvailableForSaleSecurities
|
$122.72M | USD | 1 Quarter |
| Purchases of bank premises and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$70.00K | USD | 1 Quarter |
| Purchases of bank premises and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$45.00K | USD | 1 Quarter |
| Decrease in federal funds sold |
IncreaseDecreaseInFederalFundsSold
|
$1.60M | USD | 1 Quarter |
| Increase in interest bearing deposits with other banks |
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
|
$-19.04M | USD | 1 Quarter |
| Increase in interest bearing deposits with other banks |
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
|
$-3.35M | USD | 1 Quarter |
| Proceeds from sale of other real estate |
ProceedsFromSaleOfForeclosedAssets
|
- | USD | 1 Quarter |
| Net increase in loans |
PaymentsForProceedsFromLoansAndLeases
|
$258.00K | USD | 1 Quarter |
| Net increase in loans |
PaymentsForProceedsFromLoansAndLeases
|
$18.20M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-13.34M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-92.35M | USD | 1 Quarter |
| Net increase in deposits |
IncreaseDecreaseInDeposits
|
$26.89M | USD | 1 Quarter |
| Net increase in deposits |
IncreaseDecreaseInDeposits
|
$83.94M | USD | 1 Quarter |
| (Decrease) increase in securities sold under agreement to repurchase |
ProceedsFromPaymentsForOtherFinancingActivities
|
$7.49M | USD | 1 Quarter |
| (Decrease) increase in securities sold under agreement to repurchase |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-10.97M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$87.00K | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$1.34M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$1.18M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$14.67M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$90.25M | USD | 1 Quarter |
| Net increase (decrease) in cash and due from banks |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-130.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and due from banks |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$3.67M | USD | 1 Quarter |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.94M | USD | Point-in-time |
| Cash and due from banks, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.61M | 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
|
$12.46M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.94M | USD | Point-in-time |
| Cash and due from banks, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.61M | 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
|
$12.46M | USD | Point-in-time |
Comprehensive Income
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$1.16M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.23M | USD | 1 Quarter |
| Unrealized holding gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$8.82M | USD | 1 Quarter |
| Unrealized holding gains |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$7.91M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$2.20M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
$1.97M | USD | 1 Quarter |
| Net unrealized gains (losses) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$5.94M | USD | 1 Quarter |
| Net unrealized gains (losses) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$6.62M | USD | 1 Quarter |
| Reclassification adjustment for gains included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
$-77.00K | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
$-19.00K | USD | 1 Quarter |
| Net gains included in net income |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
$-58.00K | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$6.62M | USD | 1 Quarter |
| Total other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$6.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$7.85M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$7.16M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.