XML 50 R35.htm IDEA: XBRL DOCUMENT v3.19.1
Summarized Financial Information of Citizens Holding Company (Tables)
 12 Months Ended
Dec. 31, 2018
Summarized Balance Sheets Financial Information of Citizens Holding Company
Balance Sheets
December 31, 2018 and 2017
 
  
2018
  
2017
 
Assets
        
Cash 
(1)
 
$
1,595,939
  
$
2,369,429
 
Investment in bank subsidiary 
(1)
  
82,002,089
   
85,729,466
 
Other assets 
(1)
  
268,289
   
352,145
 
  
 
 
  
 
 
 
   
Total assets
 
$
83,866,317
  
$
88,451,040
 
  
 
 
  
 
 
 
Liabilities
        
Other liabilities
 
$
—  
  
$
—  
 
   
Shareholders’ equity
  
83,866,317
   
88,451,040
 
  
 
 
  
 
 
 
   
Total liabilities and shareholders’ equity
 
$
83,866,317
  
$
88,451,040
 
  
 
 
  
 
 
 
 
(1)
Fully or partially eliminates in consolidation.
Summarized Income Statement Financial Information of Citizens Holding Company
Income Statements
Years Ended December 31, 2018, 2017 and 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
2018
 
 
2017
 
 
2016
 
Interest income
(1)
 
$
2,255
 
 
$
1,902
 
 
$
2,379
 
Other income
 
 
 
 
 
 
 
 
 
 
 
 
Dividends from bank subsidiary
(1)
 
 
3,990,000
 
 
 
5,472,000
 
 
 
4,104,001
 
Equity in undistributed earnings (loss) of bank subsidiary 
(1)
 
 
3,021,807
 
 
 
(1,348,757
)
 
 
2,845,152
 
Other income
 
 
—
 
 
 
—
 
 
 
—
 
Total other income
 
 
7,011,807
 
 
 
4,123,243
 
 
 
6,949,153
 
Other expense
 
 
445,938
 
 
 
459,935
 
 
 
355,256
 
Income before income taxes
 
 
6,568,124
 
 
 
3,665,210
 
 
 
6,596,276
 
Income tax benefit
 
 
(105,003
)
 
 
(38,338
)
 
 
(140,378
)
Net income
 
$
6,673,127
 
 
$
3,703,548
 
 
$
6,736,654
 
 
(1)
Eliminates in consolidation.
Summarized Statements of Cash Flows Financial Information of Citizens Holding Company
Statements of Cash Flows
Years Ended December 31, 2018, 2017 and 2016
 
 
 
 
2018
 
 
2017
 
 
2016
 
Cash flows from operating activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
 
$
6,673,127
 
 
$
 
3,703,548
 
 
$
6,736,654
 
Adjustments to reconcile net income to net cash provided by operating activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in undistributed (earnings) loss of the Bank
 
 
 
(3,021,807
)
 
 
 
 
1,348,757
 
 
 
(2,845,152
)
Stock compensation expense
 
 
 
170,325
 
 
 
 
210,735
 
 
 
186,425
 
Increase (decrease) in other assets
 
 
 
83,856
 
 
 
 
265,925
 
 
 
(143,602
)
 
 
 
 
 
Net cash provided by operating activities
 
 
 
3,905,501
 
 
 
 
5,528,965
 
 
 
3,934,325
 
Cash flows from financing activities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends paid to shareholders
 
 
$
(4,705,991
)
 
 
$
 
(4,697,056
)
 
 
$
(4,686,325
)
Proceeds from stock option exercises
 
 
 
27,000
 
 
 
 
92,625
 
 
 
—
 
Net cash used in financing activities
 
 
 
(4,678,991
)
 
 
 
 
(4,604,431
)
 
 
 
(4,686,325
)
Net (decrease) increase in cash
 
 
 
(773,490
)
 
 
 
 
924,534
 
 
 
(752,000
)
Cash, beginning of year
 
 
 
2,369,429
 
 
 
 
1,444,895
 
 
 
2,196,895
 
Cash, end of year
 
 
$
1,595,939
 
 
$
 
2,369,429
 
 
$
1,444,895