Citizens Bancshares Corp. (CZBS) financial statements (2022 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 thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48,89648,41029,16740,186
Cash and cash equivalents48,89648,41029,16740,186
Total current assets:48,89648,41029,16740,186
Noncurrent Assets
Property, plant and equipment6,1366,3956,5896,956
Intangible assets, net (including goodwill)4809521,0621,534
Goodwill362362  
Intangible assets, net (excluding goodwill)1185901,0621,534
Total noncurrent assets:6,6167,3477,6518,490
Other undisclosed assets333,107339,882350,915346,928
TOTAL ASSETS:388,620395,639387,733395,605
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities338,244346,073341,425346,451
Total liabilities:338,244346,073341,425346,451
Stockholders' equity
Stockholders' equity attributable to parent, including:50,37649,56746,30849,154
Treasury stock, value(1,930)(1,882)(1,882)(1,820)
Additional paid in capital8,3448,1197,9337,942
Accumulated other comprehensive income (loss)(71)671(1,081)2,717
Retained earnings29,94128,53127,13126,190
Other undisclosed stockholders' equity attributable to parent14,09214,12714,20714,125
Total stockholders' equity:50,37649,56746,30849,154
TOTAL LIABILITIES AND EQUITY:388,620395,639387,733395,605

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues16,09116,366  
Net investment income12,72313,323  
Financial services revenue3,3683,043  
Cost of revenue
(Financial Services Costs)
(100)(75)  
Gross profit:15,99116,291  
Operating expenses(13,076)(14,266)(10,311)(10,205)
Other operating income, net
(Noninterest Income, Other Operating Income)
7287385142,048
Operating income (loss):3,6432,763(9,797)(8,157)
Nonoperating income (expense)505570272(637)
Investment income, nonoperating265355  
Losses on sales of other real estate (89)(56)(637)
Bank owned life insurance income240304329 
Interest and debt expense(700)(833)(903)(1,052)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1,323)(557)11,6259,713
Income (loss) from continuing operations before income taxes:2,1251,9421,198(132)
Income tax expense (benefit)(306)(134)151901
Net income attributable to parent:1,8191,8091,349769
Preferred stock dividends and other adjustments(237)(237)(237)(237)
Net income available to common stockholders, diluted:1,5821,5721,112532

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:1,8191,8091,349769
Comprehensive income:1,8191,8091,349769
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(741)1,752(3,799)93
Comprehensive income (loss), net of tax, attributable to parent:1,0783,561(2,450)862

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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