Citizens Bancshares Corp. (CZBS) Financial Statements (2024 and earlier)

Company Profile

Business Address 75 PIEDMONT AVENUE NE
ATLANTA, GA 30302
State of Incorp. GA
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)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments72,58366,43548,89649,04145,46159,422
Cash and cash equivalents72,58366,43548,89649,04145,46159,422
Total current assets:72,58366,43548,89649,04145,46159,422
Noncurrent Assets
Property, plant and equipment6,6496,0946,1366,2436,2486,337
Intangible assets, net (including goodwill)362362480598716833
Goodwill362362362362362362
Intangible assets, net (excluding goodwill)   118236354471
Total noncurrent assets:7,0116,4566,6166,8416,9647,170
Other undisclosed assets334,582331,634333,107325,128338,561331,997
TOTAL ASSETS:414,176404,525388,620381,010390,986398,589
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities361,313352,635338,244330,424341,356348,222
Total liabilities:361,313352,635338,244330,424341,356348,222
Equity
Equity, attributable to parent, including:52,86351,89050,37650,58649,63050,367
Treasury stock, value(1,991)(1,989)(1,930)(1,930)(1,930)(1,882)
Additional paid in capital8,3228,3238,3448,3448,3448,119
Accumulated other comprehensive income (loss)1,5731,152(71)7632281,072
Retained earnings30,75630,24029,94129,37729,01628,901
Other undisclosed equity, attributable to parent14,20314,16414,09214,03213,97214,157
Total equity:52,86351,89050,37650,58649,63050,367
TOTAL LIABILITIES AND EQUITY:414,176404,525388,620381,010390,986398,589

Income Statement (P&L) ($ in thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Revenues3,8143,7473,9214,1873,9504,033
Net investment income3,1553,1033,0183,3673,1643,174
Financial services revenue659644903820786859
Cost of revenue
(Financial Services Costs)
 (75)100(75)(50)(75)
Gross profit:3,8143,6724,0214,1123,9003,958
Operating expenses(2,191)(2,327)(5,683)(2,355)(2,331)(2,432)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
544259(99)249273305
Operating income (loss):2,1671,604(1,761)2,0061,8421,831
Nonoperating income (expense)   (110)109121203
Investment income, nonoperating   (156)109121191
Gains (losses) on sales of other real estate   (23)  12
Bank owned life insurance income   69   
Interest and debt expense(165)(169)(165)(172)(179)(184)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(969)(1,001)2,699(1,416)(1,370)(1,329)
Income from continuing operations before income taxes:1,033434663527414521
Income tax expense(284)(76)(40)(107)(66)(93)
Income from continuing operations:749358623420348428
Income before gain (loss) on sale of properties:749358623420348428
Net income attributable to parent:749358623420348428
Preferred stock dividends and other adjustments(59)(59)(59)(59)(59)(59)
Net income available to common stockholders, diluted:690299564361289369

Comprehensive Income ($ in thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Net income:749358623420348428
Comprehensive income:749358623420348428
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4221,223(834)532(845)402
Comprehensive income (loss), net of tax, attributable to parent:1,1711,581(211)952(497)830

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.

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