Citizens Holding Company Reports Increased Earnings

Citizens Holding Company CIZN announced today results of operations as of and for the three and twelve months ended December 31, 2010. Net income for the three months ended December 31, 2010 increased to $1.710 million, or $0.35 per share-basic and diluted, from $1.703 million, or $0.35 per share-basic and diluted for the same quarter in 2009. Net interest income for the fourth quarter of 2010, after the provision for loan losses for the quarter, was $6.616 million, approximately 3.2% lower than the same period in 2009. The provision for loan losses for the three months ended December 31, 2010 was $739 thousand compared to $749 thousand for the same period in 2009. The Company experienced a decrease in yield on interest earning assets which partially offset the decrease in the provision for loan losses.