secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS HOLDING CO /MS/ (CIZN)
CIK:        0001075706
Form:       8-K
Filed at:   2021-07-21T23:59:59+00:00
Accession:  0001193125-21-220271
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Holding Q2 net income $1.9M ($0.34/sh), up 30.4% YoY; NIM improves to 2.57%
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- Net income $1,907K ($0.34/sh) vs $1,462K ($0.26/sh) in Q2 2020; 6-month net income $3,804K ($0.68/sh), up 45%.
- Obtained $20M line of credit, injected $18M into bank; Tier 1 Leverage Ratio rose from 6.76% to 8.25%.
- NIM expanded 25 bps to 2.57% from 2.32% prior quarter; cost of funds fell 24 bps YoY to 50 bps.
- Provision for loan losses dropped to $319K YTD from $936K YoY; non-performing assets down 40.6% YoY.
- Dividends unchanged at $0.48 per share for six-month period; noninterest expense up 6.33% YTD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075706/000119312521220271/0001193125-21-220271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075706/000119312521220271/d160176d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-220271

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer