Citizens First Corporation (CZFC) financial statements (2022 and earlier)

Company profile

Business Address 1065 ASHLEY STREET SUITE 150
BOWLING GREEN, KY 42103
State of Incorp. KY
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,8756,4448,54215,25511,32237,06234,799
Cash and cash equivalents8,8756,4448,54215,25511,32237,06234,799
Total current assets:8,8756,4448,54215,25511,32237,06234,799
Noncurrent Assets
Property, plant and equipment8,8619,1409,3909,99810,75811,05411,568
Intangible assets, net (including goodwill), including:4,1504,2214,2914,0974,0974,0974,097
Goodwill4,1004,1004,1004,0974,0974,0974,097
Other undisclosed intangible assets, net (including goodwill)50121191  
Total noncurrent assets:13,01113,36113,68114,09514,85515,15115,665
Other undisclosed assets454,096445,577433,199402,831386,637357,962356,092
TOTAL ASSETS:475,982465,382455,422432,181412,814410,175406,556
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt12,00030,00027,00010,00016,000  
Total current liabilities:12,00030,00027,00010,00016,000  
Noncurrent Liabilities
Other undisclosed liabilities413,963389,548386,058382,657358,366371,828364,990
Total liabilities:425,963419,548413,058392,657374,366371,828364,990
Stockholders' equity
Stockholders' equity attributable to parent, including:50,01945,83442,36439,52438,44838,34741,566
Preferred stock  7,2617,659   
Common stock33,30933,13825,92025,40627,07227,07227,072
Accumulated other comprehensive income (loss)(655)(446)(523)155344(303)746
Retained earnings (accumulated deficit)17,36513,1429,7066,3043,373653(430)
Other undisclosed stockholders' equity attributable to parent    7,65910,92514,178
Total stockholders' equity:50,01945,83442,36439,52438,44838,34741,566
TOTAL LIABILITIES AND EQUITY:475,982465,382455,422432,181412,814410,175406,556

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues20,78421,92121,11020,70519,740298279
Revenue, net236237207245288298279
Net investment income20,22818,59518,14117,68417,135  
Cost of revenue
(Financial Services Costs)
(160)  (135)(275)  
Gross profit:20,62421,92121,11020,57019,465298279
Operating expenses(10,753)(10,400)(10,651)(11,118)(10,934)(6,727)(6,823)
Operating income (loss):9,87111,52110,4599,4528,531(6,429)(6,544)
Nonoperating income177177177181246177132
Investment income, nonoperating    111  
Losses on sales of other real estate    (53)(42)(131)
Bank owned life insurance income177177177181188219263
Interest and debt expense(4,483)(3,038)(2,528)(2,607)(2,709)(2,961)(3,450)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (2,002)(1,587)11,56714,183
Income from continuing operations before equity method investments, income taxes:5,5658,6608,1085,0244,4812,3544,321
Other undisclosed income (loss) from continuing operations before income taxes379(2,224)(2,096)    
Income from continuing operations before income taxes:5,9446,4366,0125,0244,4812,3544,321
Income tax expense(1,125)(2,347)(1,795)(1,417)(1,240)(516)(1,148)
Net income attributable to parent:4,8194,0894,2173,6073,2411,8383,173
Other undisclosed net loss available to common stockholders, basic (238)(495)(520)(521)(755)(896)
Net income available to common stockholders, basic:4,8193,8513,7223,0872,7201,0832,277
Other undisclosed net income available to common stockholders, diluted 238495520   
Net income available to common stockholders, diluted:4,8194,0894,2173,6072,7201,0832,277

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:4,8194,0894,2173,6073,2411,8383,173
Comprehensive income:4,8194,0894,2173,6073,2411,8383,173
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(121)77(678)(189)647(1,049)370
Comprehensive income, net of tax, attributable to parent:4,6984,1663,5393,4183,8887893,543

Statements sources

The financial statements are based on the company's filings with the 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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