Citizens Bancshares Corp
Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers. The company offers checking and savings accounts; and demand and money market deposits. Its loan products include commercial, financial, and agricultural loans; loans secured by personal property, such as automobiles, mark… Read more
Citizens Bancshares Corp (CZBS) - Net Assets
Latest net assets as of December 2024: $186.27 Million USD
Based on the latest financial reports, Citizens Bancshares Corp (CZBS) has net assets worth $186.27 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($799.90 Million) and total liabilities ($613.64 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $186.27 Million |
| % of Total Assets | 23.29% |
| Annual Growth Rate | 7.82% |
| 5-Year Change | 63.62% |
| 10-Year Change | 68.57% |
| Growth Volatility | 32.96 |
Citizens Bancshares Corp - Net Assets Trend (1995–2024)
This chart illustrates how Citizens Bancshares Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Citizens Bancshares Corp (1995–2024)
The table below shows the annual net assets of Citizens Bancshares Corp from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $84.92 Million | +9.96% |
| 2023-12-31 | $77.23 Million | -55.14% |
| 2022-12-31 | $172.17 Million | +137.57% |
| 2021-12-31 | $72.47 Million | +39.63% |
| 2020-12-31 | $51.90 Million | -16.18% |
| 2019-12-31 | $61.92 Million | +44.15% |
| 2018-12-31 | $42.95 Million | +7.01% |
| 2017-12-31 | $40.14 Million | -14.93% |
| 2016-12-31 | $47.19 Million | -6.33% |
| 2015-12-31 | $50.38 Million | +1.63% |
| 2014-12-31 | $49.57 Million | +7.04% |
| 2013-12-31 | $46.31 Million | -5.79% |
| 2012-12-31 | $49.15 Million | +1.28% |
| 2011-12-31 | $48.53 Million | +5.93% |
| 2010-12-31 | $45.82 Million | +8.47% |
| 2009-12-31 | $42.24 Million | +25.49% |
| 2008-12-31 | $33.66 Million | +1.58% |
| 2007-12-31 | $33.13 Million | +9.89% |
| 2006-12-31 | $30.15 Million | +10.79% |
| 2005-12-31 | $27.21 Million | +5.15% |
| 2004-12-31 | $25.88 Million | +8.09% |
| 2003-12-31 | $23.94 Million | -14.61% |
| 2002-12-31 | $28.04 Million | +28.79% |
| 2001-12-31 | $21.77 Million | -1.02% |
| 2000-12-31 | $22.00 Million | +16.50% |
| 1999-12-31 | $18.88 Million | +1.90% |
| 1998-12-31 | $18.53 Million | +83.48% |
| 1997-12-31 | $10.10 Million | +1.37% |
| 1996-12-31 | $9.96 Million | +4.09% |
| 1995-12-31 | $9.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Citizens Bancshares Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1329.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $95.54 Million | 112.50% |
| Common Stock | $2.39 Million | 2.82% |
| Other Comprehensive Income | $-11.81 Million | -13.91% |
| Total Equity | $84.92 Million | 100.00% |
Citizens Bancshares Corp Competitors by Market Cap
The table below lists competitors of Citizens Bancshares Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Carnaby Resources Ltd
AU:CNB
|
$48.22 Million |
|
PADAUK Technology Co. Ltd
TWO:6716
|
$48.23 Million |
|
Shenzhen Zhongzhuang Construction Group Co Ltd
SHE:002822
|
$48.24 Million |
|
APB Apranga
MU:WHX
|
$48.25 Million |
|
MAIA Biotechnology Inc.
NYSE MKT:MAIA
|
$48.22 Million |
|
Bio-FD&C Co. Ltd.
KQ:251120
|
$48.22 Million |
|
Ratnaveer Precision Engineering Ltd
NSE:RATNAVEER
|
$48.20 Million |
|
Leo Lithium Limited
PINK:LLLAF
|
$48.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Citizens Bancshares Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 77,226,000 to 84,921,000, a change of 7,695,000 (10.0%).
- Net income of 10,255,000 contributed positively to equity growth.
- Dividend payments of 820,000 reduced retained earnings.
- Share repurchases of 649,000 reduced equity.
- Other comprehensive income decreased equity by 1,220,425.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.26 Million | +12.08% |
| Dividends Paid | $820.00K | -0.97% |
| Share Repurchases | $649.00K | -0.76% |
| Other Comprehensive Income | $-1.22 Million | -1.44% |
| Other Changes | $129.43K | +0.15% |
| Total Change | $- | 9.96% |
Book Value vs Market Value Analysis
This analysis compares Citizens Bancshares Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.08x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.47x to 1.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $7.20 | $46.56 | x |
| 1996-12-31 | $7.49 | $46.56 | x |
| 1997-12-31 | $7.59 | $46.56 | x |
| 1998-12-31 | $8.56 | $46.56 | x |
| 1999-12-31 | $8.68 | $46.56 | x |
| 2000-12-31 | $9.90 | $46.56 | x |
| 2001-12-31 | $10.01 | $46.56 | x |
| 2002-12-31 | $10.96 | $46.56 | x |
| 2003-12-31 | $11.51 | $46.56 | x |
| 2004-12-31 | $12.42 | $46.56 | x |
| 2005-12-31 | $12.98 | $46.56 | x |
| 2006-12-31 | $14.45 | $46.56 | x |
| 2007-12-31 | $15.85 | $46.56 | x |
| 2008-12-31 | $16.06 | $46.56 | x |
| 2009-12-31 | $19.98 | $46.56 | x |
| 2010-12-31 | $21.55 | $46.56 | x |
| 2011-12-31 | $22.74 | $46.56 | x |
| 2012-12-31 | $22.70 | $46.56 | x |
| 2013-12-31 | $21.38 | $46.56 | x |
| 2014-12-31 | $22.67 | $46.56 | x |
| 2015-12-31 | $22.65 | $46.56 | x |
| 2016-12-31 | $21.18 | $46.56 | x |
| 2017-12-31 | $18.69 | $46.56 | x |
| 2018-12-31 | $20.44 | $46.56 | x |
| 2019-12-31 | $27.59 | $46.56 | x |
| 2020-12-31 | $25.32 | $46.56 | x |
| 2021-12-31 | $35.85 | $46.56 | x |
| 2022-12-31 | $84.43 | $46.56 | x |
| 2023-12-31 | $39.18 | $46.56 | x |
| 2024-12-31 | $43.08 | $46.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Citizens Bancshares Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.08%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.97%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 12.16x
- Recent ROE (12.08%) is above the historical average (6.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 13.09% | 16.63% | 0.06x | 13.41x | $295.88K |
| 1996 | 6.46% | 8.92% | 0.05x | 14.54x | $-353.07K |
| 1997 | 0.83% | 1.20% | 0.05x | 12.69x | $-925.64K |
| 1998 | 9.53% | 12.89% | 0.07x | 11.16x | $-86.63K |
| 1999 | 9.96% | 13.81% | 0.06x | 11.41x | $-7.62K |
| 2000 | 9.55% | 7.61% | 0.10x | 12.15x | $-98.70K |
| 2001 | 5.93% | 4.76% | 0.09x | 13.53x | $-886.95K |
| 2002 | 6.23% | 6.23% | 0.08x | 12.13x | $-868.65K |
| 2003 | 6.29% | 6.20% | 0.07x | 15.05x | $-889.32K |
| 2004 | 8.91% | 9.13% | 0.08x | 12.80x | $-282.98K |
| 2005 | 8.61% | 9.41% | 0.08x | 12.07x | $-378.40K |
| 2006 | 9.95% | 11.33% | 0.08x | 11.12x | $-14.00K |
| 2007 | 8.62% | 10.43% | 0.08x | 10.21x | $-457.40K |
| 2008 | 3.04% | 4.04% | 0.07x | 10.34x | $-2.34 Million |
| 2009 | 2.43% | 4.11% | 0.06x | 9.18x | $-3.20 Million |
| 2010 | 1.37% | 2.65% | 0.06x | 8.46x | $-3.95 Million |
| 2011 | 0.55% | 1.25% | 0.05x | 8.18x | $-4.58 Million |
| 2012 | 1.56% | 3.58% | 0.05x | 8.05x | $-4.15 Million |
| 2013 | 2.91% | 7.39% | 0.05x | 8.37x | $-3.28 Million |
| 2014 | 3.65% | 10.16% | 0.04x | 7.98x | $-3.15 Million |
| 2015 | 3.61% | 10.47% | 0.04x | 7.71x | $-3.22 Million |
| 2016 | 4.10% | 11.66% | 0.04x | 8.39x | $-2.78 Million |
| 2017 | 3.69% | 7.92% | 0.04x | 10.69x | $-2.53 Million |
| 2018 | 9.20% | 19.57% | 0.05x | 9.56x | $-344.97K |
| 2019 | 9.11% | 18.82% | 0.05x | 9.37x | $-552.80K |
| 2020 | 11.31% | 19.18% | 0.05x | 11.02x | $679.95K |
| 2021 | 9.00% | 21.75% | 0.04x | 10.97x | $-722.90K |
| 2022 | 4.27% | 19.42% | 0.05x | 4.69x | $-9.86 Million |
| 2023 | 14.46% | 21.07% | 0.05x | 12.48x | $3.44 Million |
| 2024 | 12.08% | 17.97% | 0.06x | 12.16x | $1.76 Million |
Industry Comparison
This section compares Citizens Bancshares Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Citizens Bancshares Corp (CZBS) | $186.27 Million | 13.09% | 3.29x | $48.22 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |