Citizens Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	25.97	22.24	16.24	14.64	13.81
Interest Income on Investments	14.1	13.96	8.12	1.9	1.95
Total Interest Income	40.07	36.2	24.36	16.54	15.76
Interest Paid on Deposits	5.11	1.97	0.63	0.51	1.29
Interest Paid on Borrowings	-	0	0	0.02	0.08
Total Interest Expense	5.11	1.97	0.63	0.53	1.37
Net Interest Income	34.97	34.22	23.72	16.01	14.39
Net Interest Income Growth (YoY)	2.17%	44.26%	48.20%	11.20%	-6.40%
Gain (Loss) on Sale of Assets	0	-	-	-	0.18
Other Non-Interest Income	3.12	4.02	4.88	2.99	8.14
Total Non-Interest Income	4.6	5.5	6.55	4.64	9.89
Non-Interest Income Growth (YoY)	-16.32%	-15.98%	41.09%	-53.05%	99.27%
Revenues Before Loan Losses	39.57	39.72	30.27	20.65	24.28
Provision for Loan Losses	3.48	3.68	0.1	0.05	1.71
Revenue	36.09	36.05	30.17	20.6	22.57
Revenue Growth (YoY)	0.14%	19.47%	46.47%	-8.74%	11.89%
Salaries and Employee Benefits	9.42	9.39	8.82	7.74	7.43
Occupancy Expenses	1.51	1.45	1.44	1.37	1.38
Selling, General & Administrative	2.73	3.31	2.53	1.84	1.6
Other Non-Interest Expense	5.72	5.92	4.97	4.44	5.35
Total Non-Interest Expense	19.37	20.08	17.75	15.38	15.78
EBT Excluding Unusual Items	16.72	15.97	12.42	5.22	6.79
Pretax Income	16.72	15.97	12.42	5.22	6.79
Income Tax Expense	3.85	3.67	2.98	1.16	1.57
Net Income	12.88	12.29	9.44	4.06	5.22
Preferred Dividends & Other Adjustments	1.27	0.27	0.23	0.14	-
Net Income to Common	11.61	12.02	9.21	3.92	5.22
Net Income Growth	4.74%	30.28%	132.41%	-22.19%	39.22%
Basic Shares Outstanding	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2
Shares Change (YoY)	-5.66%	-3.34%	0.88%	-1.38%	-8.66%
EPS (Basic)	6.47	6.27	4.64	1.97	2.61
EPS (Diluted)	6.24	6.10	4.51	1.94	2.55
EPS Growth	2.30%	35.25%	132.47%	-23.92%	52.70%
Dividend Per Share	1.000	0.750	0.500	0.400	0.350
Dividend Growth	33.33%	50.00%	25.00%	14.29%	16.67%
Effective Tax Rate	23.00%	23.01%	24.00%	22.15%	23.17%

Updated Mar 31, 2017. Source: S&P Global Market Intelligence. Banks template. Financial Sources.