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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 CASH FLOWS

(Unaudited)

 

    

For the Nine Months

Ended September 30,

 
     2016     2015  

CASH FLOWS FROM OPERATING ACTIVITIES

    

Net cash provided by operating activities

   $ 18,157,449      $ 6,514,046   

CASH FLOWS FROM INVESTING ACTIVITIES

    

Proceeds from maturities and calls of securities available for sale

     112,497,410        26,701,814   

Proceeds from maturities and calls of securities held to maturity

     161,829,797        10,000,000   

Purchases of investment securities available for sale

     (301,273,861     (103,451,898

Proceeds from sales of investment securities available for sale

     764,023        5,754,991   

Purchases of bank premises and equipment

     (335,501     (271,777

(Increase) decrease in interest bearing deposits with other banks

     (36,901,945     60,406,710   

Proceeds from sale of other real estate

     790,032        1,102,141   

Purchase of Federal Home Loan Bank Stock

     (3,600     —     

Redemption of Federal Home Loan Bank Stock

     —          150,700   

Net decrease (increase) in loans

     14,956,106        (41,787,893
  

 

 

   

 

 

 

Net cash used by investing activities

     (47,677,539     (41,395,212

CASH FLOWS FROM FINANCING ACTIVITIES

    

Net increase in deposits

     27,058,666        52,547,618   

Net change in securities sold under agreement to repurchase

     13,755,873        (24,856,601

Increase in Federal Funds Purchased

     —          8,600,000   

Repurchase of stock

     —          (123,292

Exercise of stock options

     —          27,000   

Excess tax benefits on stock options exercised

     —          1,001   

Payment of dividends

     (3,514,296     (3,370,751
  

 

 

   

 

 

 

Net cash provided by financing activities

     37,300,243        32,824,975   
  

 

 

   

 

 

 

Net increase (decrease) in cash and due from banks

     7,780,153        (2,056,191

Cash and due from banks, beginning of period

     14,947,690        22,405,730   
  

 

 

   

 

 

 

Cash and due from banks, end of period

   $ 22,727,843      $ 20,349,539   
  

 

 

   

 

 

 

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

 

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