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Note 14 - Summarized Financial Information of Citizens Holding Company - Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net income $ 1,854 $ 9,620 $ 7,494
(Gain) on sale of real estate acquired in foreclosure 0 (27) (323)
Writedown on Other Real Estate 0 42 914
Stock compensation expense 138 157 161
Net cash provided by operating activities 5,523 13,760 17,491
Net cash (used in) provided by investing activities (9,786) (88,349) 98,616
Dividends paid to shareholders (4,042) (5,377) (5,370)
Net cash (used in) provided by financing activities 70,145 23,947 (79,179)
Net (decrease) increase in cash 65,882 (50,642) 36,928
Cash and cash equivalents, beginning of year 28,594 79,236 42,308
Cash and cash equivalents, end of year 94,476 28,594 79,236
Parent Company [Member]      
Net income 1,854 9,620 7,494
Equity in undistributed earnings of the Bank [1] [1],[2] 2,109 (4,546) (3,995)
(Gain) on sale of real estate acquired in foreclosure (21) 0 0
Writedown on Other Real Estate 37 0 0
Stock compensation expense 140 157 161
Increase in other assets (32) (94) (60)
Increase in other liabilities (320) 318 0
Net cash provided by operating activities 3,767 5,455 3,600
Decrease (increase) in ownership in subsidiary 0 38 (18,000)
Increase in other real estate owned (38) (38) 0
Proceeds from sale of other real estate owned 21 21 0
Net cash (used in) provided by investing activities (17) 21 (18,000)
Dividends paid to shareholders (4,042) (5,377) (5,370)
Proceeds from borrowings on secured line of credit 0 0 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 and cash equivalents, beginning of year 526 427 2,197
Cash and cash equivalents, end of year $ 234 $ 526 $ 427
[1] Eliminates in consolidation.
[2] The Bank is required to obtain approval from state regulators before paying dividends.