Citizens Holding Company (CIZN: Quote) Friday reported a decline in profit for the second quarter. The Philadelphia, Mississippi-based company reported a second-quarter net income of $1.75 million or $0.36 per share, compared to $1.85 million or $0.38 per share last year.
Net interest income for the quarter dropped to $7.55 million from $7.76 million in the prior-year quarter, while non-interest income rose 8.0% to $1.64 million from $1.52 million in the comparable quarter last year.
The increase in non-interest income was due primarily to an increase in service charges on deposit accounts and other service charges and fees.
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by RTT Staff Writer
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