Citizens Bancshares Corp. (CZBS) financial statements (2021 and earlier)

Company profile

Business Address 75 PIEDMONT AVENUE NE
ATLANTA, GA 30302
State of Incorp. GA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments49482940
Cash and cash equivalents49482940
Total current assets:49482940
Noncurrent Assets
Property, plant and equipment6677
Intangible assets, net (including goodwill)0112
Goodwill00  
Intangible assets, net (excluding goodwill)0112
Total noncurrent assets:7788
Other undisclosed assets333340351347
TOTAL ASSETS:389396388396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities338346341346
Total liabilities:338346341346
Stockholders' equity
Stockholders' equity attributable to parent, including:50504649
Treasury stock, value(2)(2)(2)(2)
Additional paid in capital8888
Accumulated other comprehensive income (loss)(0)1(1)3
Retained earnings30292726
Other undisclosed stockholders' equity attributable to parent14141414
Total stockholders' equity:50504649
TOTAL LIABILITIES AND EQUITY:389396388396

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues1616  
Net investment income1313  
Financial services revenue33  
Cost of revenue
(Financial Services Costs)
(0)(0)  
Gross profit:1616  
Operating expenses(13)(14)(10)(10)
Other operating income, net
(Noninterest Income, Other Operating Income)
1112
Operating income (loss):43(10)(8)
Nonoperating income (expense)110(1)
Investment income, nonoperating00  
Losses on sales of other real estate (0)(0)(1)
Bank owned life insurance income000 
Interest and debt expense(1)(1)(1)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1)(1)1210
Income (loss) from continuing operations before income taxes:221(0)
Income tax expense (benefit)(0)(0)01
Net income attributable to parent:2211
Preferred stock dividends and other adjustments(0)(0)(0)(0)
Net income available to common stockholders, diluted:2211

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:2211
Comprehensive income:2211
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)2(4)0
Comprehensive income (loss), net of tax, attributable to parent:14(2)1

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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