CITIZENS INDEPENDENT BANCORP, INC. Financial Statements (2026 and earlier)
Company Profile
| Business Address |
188 WEST MAIN STREET LOGAN, OH 43137 |
| State of Incorp. | OH |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 24,430 | 17,492 | 15,863 | |||
| Cash and cash equivalent | 9,371 | 16,633 | 15,004 | |||
| Short-term investments | 15,059 | 859 | 859 | |||
| Restricted cash and investments | 1,064 | 889 | ||||
| Total current assets: | 25,494 | 18,381 | 15,863 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 2,977 | 3,050 | 3,283 | |||
| Total noncurrent assets: | 2,977 | 3,050 | 3,283 | |||
| Other undisclosed assets | 155,324 | 180,392 | 181,706 | |||
| TOTAL ASSETS: | 183,795 | 201,823 | 200,852 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Noncurrent Liabilities | ||||||
| Other undisclosed liabilities | 166,436 | 186,986 | 195,226 | |||
| Total liabilities: | 166,436 | 186,986 | 195,226 | |||
| Equity | ||||||
| Equity, attributable to parent | 17,359 | 14,837 | 5,626 | |||
| Common stock | 14,296 | 12,297 | 9,307 | |||
| Treasury stock, value | (6,590) | (6,590) | (6,590) | |||
| Accumulated other comprehensive loss | (567) | (515) | (471) | |||
| Retained earnings | 10,112 | 9,458 | 3,380 | |||
| Warrants and rights outstanding | 108 | 187 | ||||
| Total equity: | 17,359 | 14,837 | 5,626 | |||
| TOTAL LIABILITIES AND EQUITY: | 183,795 | 201,823 | 200,852 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|
| Revenues | 8,336 | 8,256 | |||
| Net investment income | 7,790 | 7,715 | |||
| Cost of revenue (Financial Services Costs) | (191) | ||||
| Gross profit: | 8,336 | 8,256 | (191) | ||
| Operating expenses | (5,489) | (5,660) | (4,276) | ||
| Operating income (loss): | 2,847 | 2,596 | (4,467) | ||
| Nonoperating income | 245 | 955 | 542 | ||
| Gain on sale of leased assets, net, operating leases | 464 | 271 | |||
| Gains on sales of other real estate | 245 | 464 | 271 | ||
| Interest and debt expense | (1,225) | (1,634) | (2,047) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (981) | (938) | 6,579 | ||
| Income from continuing operations before income taxes: | 886 | 979 | 607 | ||
| Income tax expense (benefit) | (232) | 5,099 | |||
| Income from continuing operations: | 654 | 6,078 | 607 | ||
| Income before gain (loss) on sale of properties: | 654 | 6,078 | 607 | ||
| Net income available to common stockholders, diluted: | 654 | 6,078 | 607 | ||
Comprehensive Income ($ in thousands)
| 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|
| Net income: | 654 | 6,078 | 607 | ||
| Other comprehensive income | 775 | 840 | |||
| Comprehensive income: | 1,429 | 6,918 | 607 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (827) | (884) | (444) | ||
| Comprehensive income, net of tax, attributable to parent: | 602 | 6,034 | 163 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.