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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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CITIZENS HOLDING COMPANY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

 

    

For the Three Months

Ended September 30,

   

For the Nine Months

Ended September 30,

 
     2016     2015     2016     2015  

Net income

   $ 1,752,290      $ 1,836,461      $ 5,057,463      $ 5,258,594   

Other comprehensive income

        

Securities available-for-sale

        

Unrealized holding gains

     (556,424     2,226,566        2,882,502        (781,509

Income tax effect

     207,546        (830,509     (1,075,174     291,503   
  

 

 

   

 

 

   

 

 

   

 

 

 
     (348,878     1,396,057        1,807,328        (490,006

Securities transferred from available-for-sale to held-to-maturity

        

Amortization of net unrealized losses during the period

     6,183,648        539,239        11,305,439        2,013,183   

Income tax effect

     (2,306,501     (201,136     (4,216,929     (750,917
  

 

 

   

 

 

   

 

 

   

 

 

 
     3,877,147        338,103        7,088,510        1,262,266   

Reclassification adjustment for gains included in net income

     60,053        13,699        97,191        13,699   

Income tax effect

     (22,400     (5,110     (36,252     (5,110
  

 

 

   

 

 

   

 

 

   

 

 

 
     37,653        8,589        60,939        8,589   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total other comprehensive income

     3,565,922        1,742,749        8,956,777        780,849   
  

 

 

   

 

 

   

 

 

   

 

 

 

Comprehensive income

   $ 5,318,212      $ 3,579,210      $ 14,014,240      $ 6,039,443   
  

 

 

   

 

 

   

 

 

   

 

 

 

The accompanying notes are an integral part of these financial statements.

 

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