Note 14 - Summarized Financial Information of Citizens Holding Company (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Condensed Balance Sheet [Table Text Block]

	2023		2022
Assets
Cash (1)	$	234	$	526
Investment in bank subsidiary (1)		60,061		56,373
Other assets (1)		478		444
Total assets	$	60,773	$	57,343
Liabilities
Secured line of credit	$	18,000	$	18,000
Accrued interest payable		-		318
Total liabilities	$	18,000	$	18,318
Shareholders’ equity		42,773		39,025
Total liabilities and shareholders’ equity	$	60,773	$	57,343

Condensed Income Statement [Table Text Block]

	2023			2022			2021
Interest income(1)	$	-		$	-		$	1
Other income
Dividends from bank subsidiary(1)		5,383			6,128			4,104
Equity in undistributed earnings of bank subsidiary(1)		(2,110	)		4,546			3,995
Other income		7			21			-
Total other income		3,280			10,695			8,099
Other expense		1,872			1,417			820
Income before income taxes		1,408			9,278			7,280
Income tax benefit		(446	)		(342	)		(214	)
Net income	$	1,854		$	9,620		$	7,494

Condensed Cash Flow Statement [Table Text Block]

	2023			2022			2021
Cash flows from operating activities
Net income	$	1,854		$	9,620		$	7,494
Adjustments to reconcile net income to net cash provided by operating activities
Equity in undistributed loss (earnings) of the Bank		2,109			(4,546	)		(3,995	)
(Gain) on sale of real estate acquired in foreclosure		(21	)		-			-
Writedown on Other Real Estate		37			-			-
Stock compensation expense		140			157			161
Increase in other assets		(32	)		(94	)		(60	)
Increase (decrease) in other liabilities		(320	)		318			-
Net cash provided by operating activities		3,767			5,455			3,600
Cash flows from investing activities
Decrease (increase) in ownership in subsidiary	$	-		$	38		$	(18,000	)
Increase in other real estate owned		(38	)		(38	)		-
Proceeds from sale of other real estate owned		21			21			-
Net cash (used in) provided by investing activities		(17	)		21			(18,000	)
Cash flows from financing activities
Dividends paid to shareholders	$	(4,042	)	$	(5,377	)	$	(5,370	)
Proceeds from borrowings on secured line of credit		-			-			18,000
Net cash (used in) provided by financing activities		(4,042	)		(5,377	)		12,630
Net (decrease) increase in cash		(292	)		99			(1,770	)
Cash, beginning of year		526			427			2,197
Cash, end of year	$	234		$	526		$	427