Citizens Bancshares Corporation reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income before preferred dividends of $473,000 compared to $271,000 for the same period last year. Net income available to common shareholders for the second quarter of 2014 was $414,000, or $0.19 per diluted common share compared to $212,000, or $0.10 per diluted common share, reported for the second quarter of 2013, representing a 95% increase year-over-year. Total revenues were $4.404 million compared to $4.628 million a year ago. Total revenues declined by $224,000 compared to the same quarter last year due to a decrease of $182,000 in noninterest income caused by lower gains on securities sales and service charge income.

Year-to-date, the Company reported net income before preferred dividends of $889,000 compared to $543,000 for the same period in 2013. Net income available to common shareholders for the six month period was $771,000, or $0.35 per diluted common share compared to $425,000, or $0.20 per diluted common share, reported for the same period in 2013.