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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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Note 3. Net Income per Share

Net income per share - basic has been computed based on the weighted average number of shares outstanding during each period. Net income per share - diluted has been computed based on the weighted average number of shares outstanding during each period plus the dilutive effect of outstanding stock options using the treasury stock method. Net income per share was computed as follows:

 

     For the Three Months      For the Nine Months  
     Ended September 30,      Ended September 30,  
     2016      2015      2016      2015  

Basic weighted average shares outstanding

     4,869,079         4,877,614         4,864,924         4,872,092   

Dilutive effect of granted options

     8,614         1,170         8,316         904   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted weighted average shares outstanding

     4,877,693         4,878,784         4,873,240         4,872,996   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income

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

Net income per share-basic

   $ 0.36       $ 0.38       $ 1.04       $ 1.08   

Net income per share-diluted

   $ 0.36       $ 0.38       $ 1.04       $ 1.08   

 

Note 4. Equity Compensation Plans

The Corporation has adopted the 2013 Incentive Compensation Plan (the “2013 Plan”), which the Corporation intends to use for all future equity grants to employees, directors or consultants until the termination or expiration of the 2013 Plan.

Prior to the adoption of the 2013 Plan, the Corporation utilized two stock-based compensation plans, the 1999 Directors’ Stock Compensation Plan (the “Directors’ Plan”) for directors, and the 1999 Employees’ Long-Term Incentive Plan (the “Employees’ Plan”) for employees, both of which have expired.

 

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