Citizens first corp (CZFC)
Income statement / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Interest and dividend income
Loans

18,565

17,246

16,713

16,230

15,732

16,306

17,227

16,020

16,138

Taxable securities

714

576

672

632

615

433

510

605

605

Non-taxable securities

384

502

593

688

669

661

659

726

730

Other

565

271

163

-

-

-

-

-

-

Federal funds sold and other

-

-

-

134

119

145

132

132

111

Total interest and dividend income

20,228

18,595

18,141

17,684

17,135

17,545

18,528

17,483

17,584

Interest expense
Deposits

3,512

2,440

2,103

2,229

2,134

2,426

2,921

3,757

4,714

FHLB advances and other borrowings

776

454

278

175

336

351

422

317

250

Subordinated debentures

195

144

118

99

96

98

107

99

101

Short-term borrowings

-

-

29

104

143

86

-

5

8

Total interest expense

4,483

3,038

2,528

2,607

2,709

2,961

3,450

4,178

5,073

Net interest income

15,745

15,557

15,613

15,077

14,426

14,584

15,078

13,305

12,511

Provision for loan losses

160

-150

-85

135

275

-

-

-

-

Provision for loan losses

-

-

-

-

-

2,650

1,700

2,025

1,575

Net interest income after provision for loan losses (credit)

15,585

15,707

15,698

14,942

14,151

11,934

13,378

11,280

10,936

Non-interest income
Service charges on deposit accounts

-

-

1,396

1,421

1,196

1,272

1,365

1,390

1,542

Other service charges and fees

-

-

1,027

758

630

585

529

472

-

Gain on sale of mortgage loans

320

317

375

233

190

277

301

315

314

Non-deposit brokerage fees

-

-

315

364

301

306

206

171

-

Lease income

236

237

207

245

288

298

279

261

163

BOLI income

177

177

177

181

188

219

263

273

291

Gain on sale of available-for-sale securities

-

48

126

78

95

64

55

215

0

Other

-

-

-

-

-

-

-

-

433

Private banking income

-

-

-

-

-

-

-

-

131

Total non-interest income

3,608

3,551

3,623

3,280

2,888

3,021

2,998

3,097

2,874

Non-interest expenses
Salaries and employee benefits

7,161

6,802

6,875

6,535

6,138

5,659

5,718

5,102

4,636

Net occupancy expense

1,778

1,804

1,927

2,019

1,945

1,910

1,918

1,857

1,930

Advertising and public relations

359

337

320

330

323

323

352

362

281

Professional fees

646

547

465

710

581

680

627

629

542

Data processing services

809

910

1,037

1,001

973

1,083

916

744

737

Franchise shares and deposit tax

480

484

528

533

594

573

548

464

458

FDIC insurance

172

197

223

244

287

380

314

271

470

Core deposit intangible amortization

-

-

-

-

329

332

349

285

-

Core deposit intangible amortization

-

-

-

-

-

-

-

-

264

Postage and office supplies

-

-

-

-

207

151

189

164

167

Telephone and other communication

-

-

-

-

-

-

-

-

179

Other real estate owned expenses

-

-

17

94

92

84

170

215

236

Loss on branch disposal

-

-

-

-262

-

-

-

-

-

Other

1,844

1,741

1,917

1,470

1,089

1,426

954

868

632

Total non-interest expenses

13,249

12,822

13,309

13,198

12,558

12,601

12,055

10,961

10,532

Income before income taxes

5,944

6,436

6,012

5,024

-

-

-

-

-

Income before income taxes

-

-

-

-

4,481

2,354

4,321

3,416

3,278

Income taxes

1,125

2,347

1,795

1,417

1,240

516

1,148

807

739

Net income

4,819

4,089

4,217

3,607

3,241

1,838

3,173

2,609

2,539

Dividends on preferred stock

-

238

495

520

521

755

896

958

1,024

Net income available for common stockholders

4,819

3,851

3,722

3,087

2,720

1,083

2,277

1,651

1,515

Basic earnings per common share (in dollars per share)

1.90

1.68

1.86

1.57

1.38

0.55

1.16

0.84

0.77

Diluted earnings per common share (in dollars per share)

1.89

1.60

1.66

1.40

1.29

0.52

1.11

0.81

0.75

Net income

4,819

4,089

4,217

3,607

3,241

1,838

3,173

2,609

2,539

Reclassification adjustment for gains included in net income, net of taxes

-

-

-

51

63

42

-

-

-

Reclassification adjustment for gains included in net income, net of taxes

-

-

-

-

-

-

-36

-142

-

Change in unrealized gain (loss) on available for sale securities, net of taxes

-

-

-

-138

710

-1,007

406

1,169

-

Total other comprehensive income (loss)

-

-

-

-189

647

-1,049

370

1,027

-

Comprehensive income

-

-

-

3,418

3,888

789

3,543

3,636

-

Deposit accounts
Non-intrest income from services

1,230

1,237

-

-

-

-

-

-

-

Other
Non-intrest income from services

1,226

1,170

-

-

-

-

-

-

-

Brokerage fees
Non-intrest income from services

419

365

-

-

-

-

-

-

-