CZBS Citizens Bancshares Corp. featured news, full reports, and detailed charts
Citizens Bancshares Corp. (CZBS/CZBS.OB) Wrap Up:
Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank, which provides a range of commercial banking and mortgage brokerage services to individual and corporate customers. It offers a range of commercial and consumer deposit accounts, including non-interest bearing checking accounts, money market checking accounts, negotiable order of withdrawal accounts (NOW), individual retirement accounts, time certificates of deposit, sweep accounts, and regular savings accounts. The company’s loan portfolio comprises consumer loans, such as installment loans to individuals for personal, family, and household purposes, including loans for automobiles, home improvements, a...www.ctbatlanta.com
127 Employees
Founded in 1921
Citizens Bancshares Corporation (CZBS:OTC Bulletin Board Market)
LAST $3.84 USD
CHANGE TODAY +0.24 6.67%
VOLUME 2.0K
As of 1:17 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Citizens Bancshares Corporation (CZBS)
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OPEN
$4.10
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PREVIOUS CLOSE
$3.60
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DAY HIGH
$4.10
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DAY LOW
$3.84
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52 WEEK HIGH
10/12/09 - $6.00
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52 WEEK LOW
12/10/08 - $2.50
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MARKET CAP
7.7M
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AVERAGE VOLUME 3 mo
109.0
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DILUTED EPS TTM
$0.14
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SHARES OUTSTANDING
2.0M
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EX-DATE
04/8/09
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P/E TTM
27.8x
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DIVIDEND
$0.19
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DIVIDEND YIELD
4.95%
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| K = Thousands M = Millions B = Billions | ||
CZBS Top Compensated Officers
Mr. James E. Young
Chief Executive Officer, President, Director,...
Age: 59
Total Annual Compensation: $247.3K
Mr. Samuel J. Cox CPA
Chief Financial Officer, Principal Accounting...
Age: 51
Total Annual Compensation: $123.2K
Ms. Cynthia N. Day CPA
Chief Operating Officer, Senior Executive Vic...
Age: 43
Total Annual Compensation: $180.8K
Mr. Robert Nesbitt
President of Alabama Division - Citizens Trus...
Age: 54
Total Annual Compensation: $147.6K
Mr. Kevin J. Wilson
Chief Credit Officer of Citizens Trust Bank a...
Age: 47
Total Annual Compensation: $110.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Citizens Bancshares Corporation (CZBS)
Citizens Bancshares Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
11/16/2009
Citizens Bancshares Corporation reported earnings results for the third quarter and nine months ended September 30, 2009. The company reported net income available to common shareholders for the third quarter of 2009 of $327,000, compared to net income available to common shareholders of $618,000 in the third quarter of 2008. Net income per average common share was $0.16 compared to $0.29 for the same period in 2008. Total revenue was $6,565,000 compared to $6,360,000 in the third quarter of 2008. Year-to-date, the company reported net income available to common shareholders of $424,000, a decrease of $742,000, compared to $1,166,000 reported for the same period in 2008.
Citizens Bancshares Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2009
08/14/2009
Citizens Bancshares Corp. reported earnings results for the second quarter and six months ended June 30, 2009. The company reported a net loss available to common shareholders for the second quarter of 2009 of $159,000, compared to a net loss available to common shareholders of $164,000 in the second quarter of 2008. Net loss per average common share was $0.08 for the three month period ended June 30, 2009 and 2008. Second quarter 2009 and 2008 earnings were negatively impacted by provisions for loan losses of $938,000 and $1,004,000, respectively. For the period, the company reported total revenue of $6,239,000, compared to $6,331,000 for the same period a year ago. Year-to-date, the Company reported net income of $98,000, a decrease of $450,000, compared to $548,000 reported for the same period in 2008. For the first six months in 2009, the Company's provision for loan losses totaled $1,376,000 compared to $1,109,000 for the same period in 2008.
Citizens Bancshares Corp. Reports Earnings Results for the First Quarter Ended March 31, 2009
05/15/2009
Citizens Bancshares Corp. reported earnings results for the first quarter ended March 31, 2009. For the period, the company reported net income available to common shareholders were $257,000 or $0.12 per diluted share on total revenue of $5,937,000 against net income available to common shareholders were $713,000 or $0.34 per diluted share on total revenue of $6,612,000 for the same period a year ago. The decline in net earnings from 2008 is a response to pressures in the financial markets and the severe tightening within the credit markets.
CZBS Competitors
| Company | Last | Change | |
| No competitor information is available for CZBS. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | CZBS | Industry Range |
| Price/Earnings | 14.1x |
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| Price/Sales | 0.5x |
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| Price/Book | 0.2x |
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| Price/Cash Flow | 11.1x |
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| TEV/Sales | NM | Not Meaningful |
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CZBS |
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CZBS transactions
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| No transactions in the last 6 months. | ||
More Recent News About Citizens Bancshares Corp.
More news for CZBS
Citizens Bancshares’ Q3 profit down
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | view digital edition | ...Click here to read the whole Article (external link)
CITIZENS BANCSHARES CORP /GA/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements
Show all filings for CITIZENS BANCSHARES CORP /GA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for CITIZENS BANCSHARES CORP /GA/ 16-Nov-2009Results of Operations and Financial Condition, Financial Statements Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informat...Click here to read the whole Article (external link)
Citizens Bancshares Corporation Announces 2009 Third Quarter Earnings
ATLANTA, Nov. 16 /PRNewswire-FirstCall/ -- Citizens Bancshares Corporation (OTC Bulletin Board: CZBS - News; the "Company"), the parent company of Citizens Trust Bank ("CTB"), reported net income available to common shareholders for the third quarter of 2009 of $327,000, compared to net income available to common shareholders of $618,000 in the third quarter of 2008. Net income per average common share was $0.16 for the three month period ended September 30, 2009 compared to $0.29 for the same period in 2008. Mr. James E. Young, President and Chief Executive Officer, stated that "we had a respectable third quarter despite the challenging operating environment. While credit quality continues to present a significant challenge to our earnings, we continue to adjust our asset/liability strategies to manage the impact that the weakening general economic and local market conditions have on our earnings. We are well capitalized for regulatory purposes and have sufficient liquidity."Year-to-date, the Company reported net income available to common shareholders of $424,000, a decrease of $742,000, compared to $1,166,000 reported for the same period in 2008. For the first nine months in 2009, the Company's provision for loan losses totaled $2,147,000 compared to $1,239,000 for the same period in 2008. The Company also incurred additional expenses as a result of the acquisition of a local branch in its target market, its participation in the U. S. Department of the Treasury Troubled Asset Relief Program (TARP), includin...Click here to read the whole Article (external link)
CITIZENS BANCSHARES CORP /GA/ Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
CITIZENS BANCSHARES CORP /GA/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements
Show all filings for CITIZENS BANCSHARES CORP /GA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for CITIZENS BANCSHARES CORP /GA/ 14-Aug-2009Results of Operations and Financial Condition, Financial Statements Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informa...Click here to read the whole Article (external link)
CITIZENS BANCSHARES CORP /GA/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements
Show all filings for CITIZENS BANCSHARES CORP /GA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for CITIZENS BANCSHARES CORP /GA/ 15-May-2009Results of Operations and Financial Condition, Financial Statements Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informa...Click here to read the whole Article (external link)
CITIZENS BANCSHARES CORP /GA/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements
Show all filings for CITIZENS BANCSHARES CORP /GA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for CITIZENS BANCSHARES CORP /GA/ 31-Mar-2009Results of Operations and Financial Condition, Financial Statements Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inform...Click here to read the whole Article (external link)
CITIZENS BANCSHARES CORP /GA/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Eq
Item 1.01 Entry into a Material Definitive Agreement On March 6, 2009, as part of the U.S. Department of the Treasury (the "Treasury") Troubled Asset Relief Program ("TARP") Capital Purchase Program, Citizens Bancshares Corporation (the "Company") entered into a Letter Agreement ("Letter Agreement") and a Securities Purchase Agreement - Standard Terms attached thereto ("Securities Purchase Agreement") with the Treasury, pursuant to which the Company agreed to issue and sell, and the Treasury agreed to purchase 7,462 shares (the "Preferred Shares") of the Company's Fixed Rate Cumulative Perpetual Preferred Stock, Series A, having a liquidation preference of $1,000, for an aggregate purchase price of $7.462 million in cash. This transaction closed on March 6, 2009 (the "Closing Date"). The issuance and sale of these securities was a private placement exempt from registration pursuant to Section 4(2) of the Securities Act of 1933. The Preferred Shares will qualify as Tier 1 capital and will pay cumulative dividends at a rate of 5% per annum for the first five years and 9% per annum thereafter. The Preferred Shares have no maturity date and rank senior to the Common Stock with respect to the payment of dividends and distributions and amounts payable upon liquidation, dissolution and winding up of the Company. Pursuant to the American Recovery and Reinvestment Act of 2009 ("ARRA"), which amended the Emergency Economic Stabilization Act of 2008 ("EESA"), the Company may, subject to consultation with the Federal Reserve Bank of Atlanta, redeem the Preferred Shares at any time for its aggregate liquidation amount plus any accrued and unpaid dividends without first raising additional capital in an equity offering. The Securities Purchase Agreement, pursuant to which the Preferred Shares were sold, contains limitations on the payment of dividends on common stock, junior preferred shares, and on othe...Click here to read the whole Article (external link)
CITIZENS BANCSHARES CORP /GA/ Files SEC form 8-K, Other Events
Show all filings for CITIZENS BANCSHARES CORP /GA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for CITIZENS BANCSHARES CORP /GA/ 6-Jan-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not in...Click here to read the whole Article (external link)
CITIZENS BANCSHARES CORP /GA/ Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements an
Show all filings for CITIZENS BANCSHARES CORP /GA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for CITIZENS BANCSHARES CORP /GA/ 16-Dec-2008Entry into a Material Definitive Agreement, Financial Statements an Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informa...Click here to read the whole Article (external link)
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