Citizens Bancshares Corporation reported earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported net income before preferred dividends of $133,000 compared to $217,000 for the same period last year. Net income available to common shareholders was $74,000 or $0.03 per diluted common share compared to net income available to common shareholders of $158,000 or $0.07 per diluted common share reported for the first quarter of 2011. The decline in net income is attributed to an increase in other real estate owned related expenses of $437,000 which was partially off-set by an increase in total noninterest income of $231,000. Total revenues were $5,407,000 compared to $5,252,000 a year ago.