Citizens Financial Services Inc (CZFS) financial statements (2021 and earlier)

Company profile

Business Address 15 S MAIN ST
MANSFIELD, PA 16933
State of Incorp. PA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments69191719182411
Cash and cash equivalents69191719182411
Total current assets:69191719182411
Noncurrent Assets
Property, plant and equipment17161617171712
Long-term investments and receivables000111 
Long-term investments000111 
Intangible assets, net (including goodwill)33252525232410
Goodwill31232323212110
Intangible assets, net (excluding goodwill)212222 
Total noncurrent assets:50414242414223
Other undisclosed assets1,7731,4071,3721,3011,1641,097891
TOTAL ASSETS:1,8921,4661,4311,3621,2231,163925
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt151118151416 
Total current liabilities:151118151416 
Noncurrent Liabilities
Other undisclosed liabilities1,6831,3001,2741,2181,0851,027825
Total liabilities:1,6971,3121,2911,2331,1001,043825
Stockholders' equity
Stockholders' equity attributable to parent194155139129123120101
Common stock4444443
Treasury stock, value(15)(14)(14)(13)(13)(10)(8)
Additional paid in capital76555351424125
Accumulated other comprehensive income (loss)3(1)(4)(3)(1)(0)1
Retained earnings12711110090918680
Total stockholders' equity:194155139129123120101
TOTAL LIABILITIES AND EQUITY:1,8921,4661,4311,3621,2231,163925

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues72625755494137
Net investment income70625748433635
Cost of revenue(2)(2)(2)(3)(2)  
Provision for loan, lease, and other losses(2)(2)(2)
Financial services costs(3)(2)  
Gross profit:70615552474137
Operating expenses(6)(4)(2)(21)(19)(16)(14)
Other operating income, net
(Noninterest Income, Other Operating Income)
2111100
Operating income:66575432292623
Nonoperating income1111111
Investment income, nonoperating      1
Bank owned life insurance income1111111
Interest and debt expense(8)(12)(10)(6)(5)(5)(5)
Other undisclosed loss from continuing operations before equity method investments, income taxes(28)(23)(23)(8)(9)(7)(3)
Income from continuing operations before income taxes:30232119161417
Income tax expense(5)(4)(3)(6)(3)(3)(4)
Net income available to common stockholders, diluted:25191813131213

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:25191813131213
Other comprehensive income (loss)(1)000(0)(0)(1)
Comprehensive income:25201813121212
Other undisclosed comprehensive income (loss), net of tax, attributable to parent43(1)(2)(1)(1)3
Comprehensive income, net of tax, attributable to parent:28231812111115

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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