401k Plan data: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN plan

CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	002

CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Stock bonus ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP). Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

CITIZENS BANCSHARES CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: CITIZENS BANCSHARES CORPORATION

Employer identification number (EIN): 570874846

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about CITIZENS BANCSHARES CORPORATION

Jurisdiction of Incorporation: Georgia Department of States Corporations Division

Incorporation Date:

Company Identification Number: 508354

More information about CITIZENS BANCSHARES CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2013-01-01 DAWN HAFNER
002 2012-01-01 ASHLEY WHEELER
002 2011-01-01 ASHLEY WHEELER
002 2010-01-01 ASHLEY WHEELER
002 2009-01-01 ASHLEY WHEELER

Plan id#	Filing Submission Date	Name of Administrator
002	2013-01-01	DAWN HAFNER
002	2012-01-01	ASHLEY WHEELER
002	2011-01-01	ASHLEY WHEELER
002	2010-01-01	ASHLEY WHEELER
002	2009-01-01	ASHLEY WHEELER

Plan Statistics for CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2013: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 142
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 0
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 0
Total of all active and inactive participants 2013-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 0
Number of participants with account balances 2013-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 0
2012: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 137
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 114
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 15
Total of all active and inactive participants 2012-01-01 129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 129
Number of participants with account balances 2012-01-01 129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 3
2011: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 138
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 115
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 12
Total of all active and inactive participants 2011-01-01 127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 127
Number of participants with account balances 2011-01-01 127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 2
2010: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 117
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 107
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 12
Total of all active and inactive participants 2010-01-01 119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 119
Number of participants with account balances 2010-01-01 119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 6
2009: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 122
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 111
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 9
Total of all active and inactive participants 2009-01-01 120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 120
Number of participants with account balances 2009-01-01 120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 3

Measure	Date	Value
2013: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	142
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	0
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	0
Total of all active and inactive participants	2013-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	0
Number of participants with account balances	2013-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	0
2012: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	137
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	114
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	15
Total of all active and inactive participants	2012-01-01	129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	129
Number of participants with account balances	2012-01-01	129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	3
2011: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	138
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	115
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	12
Total of all active and inactive participants	2011-01-01	127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	127
Number of participants with account balances	2011-01-01	127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	2
2010: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	117
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	107
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	12
Total of all active and inactive participants	2010-01-01	119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	119
Number of participants with account balances	2010-01-01	119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	6
2009: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	122
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	111
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	9
Total of all active and inactive participants	2009-01-01	120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	120
Number of participants with account balances	2009-01-01	120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	3

Financial Data on CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2013 : CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2013-04-30	$-66
Total unrealized appreciation/depreciation of assets	2013-04-30	$-66
Total transfer of assets from this plan	2013-04-30	$1,522,287
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-04-30	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-04-30	$0
Total income from all sources (including contributions)	2013-04-30	$322
Total loss/gain on sale of assets	2013-04-30	$0
Total of all expenses incurred	2013-04-30	$10,575
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-04-30	$10,575
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-04-30	$0
Value of total assets at end of year	2013-04-30	$0
Value of total assets at beginning of year	2013-04-30	$1,532,540
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-04-30	$0
Total interest from all sources	2013-04-30	$388
Total dividends received (eg from common stock, registered investment company shares)	2013-04-30	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-04-30	No
Was this plan covered by a fidelity bond	2013-04-30	Yes
Value of fidelity bond cover	2013-04-30	$4,000,000
If this is an individual account plan, was there a blackout period	2013-04-30	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-04-30	$0
Were there any nonexempt tranactions with any party-in-interest	2013-04-30	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-04-30	No
Value of net income/loss	2013-04-30	$-10,253
Value of net assets at end of year (total assets less liabilities)	2013-04-30	$0
Value of net assets at beginning of year (total assets less liabilities)	2013-04-30	$1,532,540
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-04-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-04-30	No
Were any leases to which the plan was party in default or uncollectible	2013-04-30	No
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-04-30	$48,894
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-04-30	$48,894
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2013-04-30	$388
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-04-30	No
Was there a failure to transmit to the plan any participant contributions	2013-04-30	No
Has the plan failed to provide any benefit when due under the plan	2013-04-30	No
Assets. Invements in employer securities at beginning of year	2013-04-30	$1,395,663
Employer contributions (assets) at beginning of year	2013-04-30	$87,983
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-04-30	$10,575
Did the plan have assets held for investment	2013-04-30	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-04-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-04-30	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-04-30	No
Opinion of an independent qualified public accountant for this plan	2013-04-30	Unqualified
Accountancy firm name	2013-04-30	ELLIOTT DAVIS, LLC
Accountancy firm EIN	2013-04-30	570381582
2012 : CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2012-12-31	$-16,595
Total unrealized appreciation/depreciation of assets	2012-12-31	$-16,595
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$873
Total income from all sources (including contributions)	2012-12-31	$93,244
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$9,983
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$9,861
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$87,983
Value of total assets at end of year	2012-12-31	$1,532,540
Value of total assets at beginning of year	2012-12-31	$1,450,152
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$122
Total interest from all sources	2012-12-31	$804
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$21,052
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$83,261
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$1,532,540
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$1,449,279
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Investment advisory and management fees	2012-12-31	$122
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$48,894
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2012-12-31	$23,480
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2012-12-31	$23,480
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2012-12-31	$804
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Assets. Invements in employer securities at end of year	2012-12-31	$1,395,663
Assets. Invements in employer securities at beginning of year	2012-12-31	$1,331,883
Contributions received in cash from employer	2012-12-31	$87,983
Employer contributions (assets) at end of year	2012-12-31	$87,983
Employer contributions (assets) at beginning of year	2012-12-31	$94,789
Income. Dividends from common stock	2012-12-31	$21,052
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$9,861
Liabilities. Value of benefit claims payable at beginning of year	2012-12-31	$873
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	No
Opinion of an independent qualified public accountant for this plan	2012-12-31	Unqualified
Accountancy firm name	2012-12-31	ELLIOTT DAVIS, LLC
Accountancy firm EIN	2012-12-31	570381582
2011 : CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$47,698
Total unrealized appreciation/depreciation of assets	2011-12-31	$47,698
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$873
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$1,111
Total income from all sources (including contributions)	2011-12-31	$162,754
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$4,295
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$4,295
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$94,789
Value of total assets at end of year	2011-12-31	$1,450,152
Value of total assets at beginning of year	2011-12-31	$1,291,931
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$0
Total interest from all sources	2011-12-31	$454
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$19,813
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Total non interest bearing cash at beginning of year	2011-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$158,459
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$1,449,279
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$1,290,820
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$23,480
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$42,746
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$42,746
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$454
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Assets. Invements in employer securities at end of year	2011-12-31	$1,331,883
Assets. Invements in employer securities at beginning of year	2011-12-31	$1,249,185
Contributions received in cash from employer	2011-12-31	$94,789
Employer contributions (assets) at end of year	2011-12-31	$94,789
Income. Dividends from common stock	2011-12-31	$19,813
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$4,295
Liabilities. Value of benefit claims payable at end of year	2011-12-31	$873
Liabilities. Value of benefit claims payable at beginning of year	2011-12-31	$1,111
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	No
Opinion of an independent qualified public accountant for this plan	2011-12-31	Unqualified
Accountancy firm name	2011-12-31	ELLIOTT DAVIS, LLC
Accountancy firm EIN	2011-12-31	570381582
2010 : CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$24,984
Total unrealized appreciation/depreciation of assets	2010-12-31	$24,984
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$44,720
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$45,235
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$45,235
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$0
Value of total assets at end of year	2010-12-31	$1,290,820
Value of total assets at beginning of year	2010-12-31	$1,291,335
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$0
Total interest from all sources	2010-12-31	$463
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$19,273
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$4,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2010-12-31	$101
Total non interest bearing cash at end of year	2010-12-31	$0
Total non interest bearing cash at beginning of year	2010-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-515
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$1,290,820
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$1,291,335
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$41,635
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$19,410
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$19,410
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$463
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Employer contributions (assets) at beginning of year	2010-12-31	$47,623
Income. Dividends from common stock	2010-12-31	$19,273
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$45,235
Assets. Corporate common stocks other than exployer securities at end of year	2010-12-31	$1,249,185
Assets. Corporate common stocks other than exployer securities at beginning of year	2010-12-31	$1,224,201
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	ELLIOTT DAVIS, LLC
Accountancy firm EIN	2010-12-31	570381582

Form 5500 Responses for CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN

2013: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	Yes
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: CITIZENS BANCSHARES CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CITIZENS BANCSHARES CORPORATION
Employer identification number (EIN):	570874846
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number:	508354