Citizens & Northern Corp (CZNC) financial statements (2022 and earlier)
Company profile
| Business Address |
90-92 MAIN ST WELLSBORO, PA 16901 |
| 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 investments | 103 | 36 | 38 | 37 | 29 | 33 | 32 | ||
| Cash and cash equivalents | 102 | 35 | 37 | 37 | 29 | 33 | 32 | ||
| Short-term investments | 1 | 1 | 1 | ||||||
| Restricted cash and investments | 20 | 18 | 17 | 17 | 15 | 17 | |||
| Total current assets: | 103 | 56 | 57 | 54 | 45 | 49 | 48 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 22 | 17 | 15 | 15 | 15 | 15 | 16 | ||
| Intangible assets, net (including goodwill) | 56 | 30 | 12 | 12 | 12 | 12 | 12 | ||
| Goodwill | 53 | 28 | 12 | 12 | 12 | 12 | 12 | ||
| Intangible assets, net (excluding goodwill) | 4 | 1 | 0 | 0 | 0 | 0 | 0 | ||
| Deferred income tax assets | 3 | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent assets: | 81 | 49 | 27 | 27 | 27 | 27 | 28 | ||
| Other undisclosed assets | 2,056 | 1,548 | 1,208 | 1,195 | 1,170 | 1,147 | 1,165 | ||
| TOTAL ASSETS: | 2,239 | 1,654 | 1,291 | 1,277 | 1,242 | 1,223 | 1,242 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 20 | 86 | 13 | 62 | 26 | 53 | 6 | ||
| Total current liabilities: | 20 | 86 | 13 | 62 | 26 | 53 | 6 | ||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,919 | 1,323 | 1,081 | 1,027 | 1,030 | 982 | 1,048 | ||
| Total liabilities: | 1,939 | 1,410 | 1,094 | 1,089 | 1,056 | 1,036 | 1,054 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 300 | 244 | 197 | 188 | 186 | 187 | 188 | ||
| Common stock | 13 | ||||||||
| Treasury stock, value | (1) | (4) | (6) | (8) | (10) | (9) | (7) | ||
| Additional paid in capital | 144 | 105 | 73 | 72 | 72 | 72 | 72 | ||
| Accumulated other comprehensive income (loss) | 12 | 4 | (4) | (2) | (1) | 3 | 5 | ||
| Retained earnings | 130 | 126 | 123 | 114 | 113 | 109 | 106 | ||
| Other undisclosed stockholders' equity attributable to parent | 16 | 14 | 13 | 13 | 13 | 13 | |||
| Total stockholders' equity: | 300 | 244 | 197 | 188 | 186 | 187 | 188 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,239 | 1,654 | 1,291 | 1,277 | 1,242 | 1,223 | 1,242 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15 | 10 | 48 | 58 | 56 | 56 | 58 | |
| Gain (loss) on disposition of assets for financial service operations | 6 | (0) | ✕ | ✕ | ✕ | ✕ | ||
| Net investment income | 8 | 10 | 48 | 44 | 42 | 43 | 45 | |
| Financial services revenue | ✕ | ✕ | ✕ | 14 | 14 | 14 | 14 | |
| Cost of revenue | (4) | (1) | (1) | (1) | (1) | (1) | (1) | |
| Provision for loan, lease, and other losses | (4) | (1) | (1) | ✕ | ✕ | ✕ | ✕ | |
| Financial services costs | ✕ | ✕ | ✕ | (1) | (1) | (1) | (0) | |
| Gross profit: | 11 | 9 | 47 | 57 | 55 | 56 | 58 | |
| Operating expenses | (43) | (33) | (24) | (19) | (24) | (22) | (26) | |
| Other operating income, net (Noninterest Income, Other Operating Income) | 3 | 1 | 2 | 2 | 1 | |||
| Operating income (loss): | (29) | (24) | 23 | 40 | 33 | 35 | 33 | |
| Nonoperating income | 1 | 1 | 1 | 3 | 2 | |||
| Investment income, nonoperating | 0 | 1 | 3 | 1 | ||||
| Bank owned life insurance income | 1 | 0 | 0 | 0 | 0 | |||
| Mortgage servicing rights (msr) impairment (recovery) | (0) | (0) | (0) | |||||
| Interest and debt expense | (10) | (10) | (5) | (4) | (4) | (7) | (5) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 61 | 58 | 8 | (16) | (9) | (9) | (7) | |
| Income from continuing operations before income taxes: | 23 | 23 | 26 | 21 | 21 | 22 | 23 | |
| Income tax expense | (4) | (4) | (4) | (7) | (5) | (5) | (6) | |
| Net income attributable to parent: | 19 | 20 | 22 | 13 | 16 | 16 | 17 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | (0) | (0) | (0) | ✕ | ✕ | ✕ | |
| Net income available to common stockholders, diluted: | 19 | 19 | 22 | 13 | 16 | 16 | 17 | |
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: | 19 | 20 | 22 | 13 | 16 | 16 | 17 | |
| Other comprehensive income (loss) | 8 | 8 | (2) | (1) | (3) | (3) | 6 | |
| Comprehensive income, net of tax, attributable to parent: | 27 | 27 | 20 | 13 | 12 | 14 | 23 | |
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.