Note 13 - Summarized Financial Information of Citizens Holding Company (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Condensed Balance Sheet [Table Text Block]

	2022		2021
Assets
Cash (1)	$	526	$	427
Investment in bank subsidiary (1)		56,373		123,140
Other assets (1)		444		333
Total assets	$	57,343	$	123,900
Liabilities
Secured line of credit	$	18,000	$	18,000
Accrued interest payable		318		-
Total liabilities	$	18,318	$	18,000
Shareholders’ equity		39,025		105,900
Total liabilities and shareholders’ equity	$	57,343	$	123,900

Condensed Income Statement [Table Text Block]

	2022			2021			2020
Interest income(1)	$	-		$	1		$	2
Other income
Dividends from bank subsidiary(1)		6,128			4,104			6,099
Equity in undistributed earnings of bank subsidiary(1)		4,546			3,995			1,260
Other income		21			-			-
Total other income		10,695			8,099			7,359
Other expense		1,417			820			526
Income before income taxes		9,278			7,280			6,835
Income tax benefit		(342	)		(214	)		(96	)
Net income	$	9,620		$	7,494		$	6,931

Condensed Cash Flow Statement [Table Text Block]

	2022			2021			2020
Cash flows from operating activities
Net income	$	9,620		$	7,494		$	6,931
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed earnings of the Bank		(4,546	)		(3,995	)		(1,260	)
Stock compensation expense		157			161			167
Increase in other assets		(94	)		(60	)		(100	)
Increase in other liabilities		318			-			-
Net cash provided by operating activities		5,455			3,600			5,738
Cash flows from investing activities
Decrease (increase) in ownership in subsidiary	$	38		$	(18,000	)	$	-
Increase in other real estate owned		(38	)		-			-
Proceeds from sale of other real estate owned		21			-			-
Net cash provided by (used in) investing activities		21			(18,000	)		-
Cash flows from financing activities
Dividends paid to shareholders	$	(5,377	)	$	(5,370	)	$	(5,363	)
Proceeds from borrowings on secured line of credit		-			18,000			-
Proceeds from stock options		-			-			86
Net cash (used in) provided by financing activities		(5,377	)		12,630			(5,277	)
Net increase (decrease) in cash		99			(1,770	)		461
Cash, beginning of year		427			2,197			1,736
Cash, end of year	$	526		$	427		$	2,197