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SEC Filings

10-Q
CITIZENS HOLDING CO /MS/ filed this Form 10-Q on 11/09/2016
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An aging analysis of past due loans (in thousands), segregated by class, as of December 31, 2015 was as follows:

 

     Loans
30-89 Days
Past Due
     Loans
90 or more
Days
Past Due
     Total Past
Due Loans
     Current
Loans
     Total
Loans
     Accruing
Loans
90 or more
Days
Past Due
 

Real Estate:

                 

Land Development and Construction

   $ 1,126       $ 21       $ 1,147       $ 31,986       $ 33,133       $ 21   

Farmland

     947         4         951         22,342         23,293         4   

1-4 Family Mortgages

     5,131         573         5,704         98,342         104,046         —     

Commercial Real Estate

     4,015         6,748         10,763         169,928         180,691         —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Real Estate Loans

     11,219         7,346         18,565         322,598         341,163         25   

Business Loans:

                 

Commercial and Industrial Loans

     245         12         257         61,168         61,425         12   

Farm Production and Other Farm Loans

     12         —           12         1,043         1,055         —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Business Loans

     257         12         269         62,211         62,480         12   

Consumer Loans:

                 

Credit Cards

     12         9         21         1,040         1,061         9   

Other Consumer Loans

     1,017         30         1,047         24,517         25,564         30   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Consumer Loans

     1,029         39         1,068         25,557         26,625         39   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Loans

   $ 12,505       $ 7,397       $ 19,902       $ 410,366       $ 430,268       $ 76   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Loans are considered impaired when, based on current information and events, it is probable the Corporation will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. In determining which loans to evaluate for impairment, management looks at all loans over $100,000 that are past due loans, bankruptcy filings and any situation that might lend itself to cause a borrower to be unable to repay the loan according to the original agreement terms. If a loan is determined to be impaired and the collateral is deemed to be insufficient to fully repay the loan, a specific reserve will be established. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Impaired loans or portions thereof, are charged-off when deemed uncollectible.

 

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