Citizens & Northern Corp (CZNC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
90-92 MAIN ST WELLSBORO, PA 16901 |
| State of Incorp. | PA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 126,174 | 56,878 | 55,048 | 104,948 | 102,857 | 36,181 | |||
| Cash and cash equivalent | 126,174 | 56,878 | 55,048 | 104,948 | 101,857 | 35,202 | |||
| Short-term investments | 1,000 | 979 | |||||||
| Restricted cash and investments | 20,148 | ||||||||
| Financing receivable, excluding accrued interest, after allowance for credit loss | ✕ | ✕ | (19,208) | (16,615) | ✕ | ✕ | |||
| Total current assets: | 126,174 | 37,670 | 38,433 | 104,948 | 102,857 | 56,329 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,151 | 3,570 | 4,133 | ||||||
| Property, plant and equipment | 21,338 | 21,632 | 21,574 | 20,683 | 21,526 | 17,170 | |||
| Intangible assets, net (including goodwill) | 54,585 | 54,974 | 55,382 | 55,821 | 56,356 | 29,635 | |||
| Goodwill | 52,505 | 52,505 | 52,505 | 52,505 | 52,505 | 28,388 | |||
| Intangible assets, net (excluding goodwill) | 2,080 | 2,469 | 2,877 | 3,316 | 3,851 | 1,247 | |||
| Deferred income tax assets | 19,098 | 17,441 | 20,884 | 5,887 | 2,705 | 2,618 | |||
| Total noncurrent assets: | 98,172 | 97,617 | 101,973 | 82,391 | 80,587 | 49,423 | |||
| Other undisclosed assets | 2,386,307 | 2,380,297 | 2,313,901 | 2,140,309 | 2,055,656 | 1,548,393 | |||
| TOTAL ASSETS: | 2,610,653 | 2,515,584 | 2,454,307 | 2,327,648 | 2,239,100 | 1,654,145 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 2,488 | 33,874 | 80,062 | 1,803 | 20,022 | 86,220 | |||
| Total current liabilities: | 2,488 | 33,874 | 80,062 | 1,803 | 20,022 | 86,220 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 2,332,881 | 2,219,329 | 2,124,920 | 2,024,440 | 1,919,322 | 1,323,473 | |||
| Total liabilities: | 2,335,369 | 2,253,203 | 2,204,982 | 2,026,243 | 1,939,344 | 1,409,693 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 275,284 | 262,381 | 249,325 | 301,405 | 299,756 | 244,452 | |||
| Treasury stock, value | (13,328) | (16,628) | (12,520) | (6,716) | (1,369) | (4,173) | |||
| Additional paid in capital | 143,565 | 144,388 | 143,950 | 144,453 | 143,644 | 104,519 | |||
| Accumulated other comprehensive income (loss) | (36,761) | (38,437) | (49,878) | 5,026 | 11,795 | 3,691 | |||
| Retained earnings | 165,778 | 157,028 | 151,743 | 142,612 | 129,703 | 126,480 | |||
| Other undisclosed equity, attributable to parent | 16,030 | 16,030 | 16,030 | 16,030 | 15,983 | 13,935 | |||
| Total equity: | 275,284 | 262,381 | 249,325 | 301,405 | 299,756 | 244,452 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,610,653 | 2,515,584 | 2,454,307 | 2,327,648 | 2,239,100 | 1,654,145 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 14,282 | 10,344 | 14,429 | 13,110 | 15,089 | 9,558 | ||
| Gain (loss) on disposition of assets for financial service operations | 1,158 | (2,313) | 777 | 3,452 | 5,572 | |||
| Net investment income | 10,853 | 10,982 | 11,361 | 7,798 | 7,990 | 9,558 | ||
| Revenues, excluding interest and dividends | 2,271 | 1,675 | 2,291 | |||||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (2,195) | (186) | (7,255) | (3,661) | (3,913) | (849) | ||
| Gross profit: | 12,087 | 10,158 | 7,174 | 9,449 | 11,176 | 8,709 | ||
| Operating expenses | (60,346) | (59,631) | (56,177) | (50,733) | (43,325) | (32,588) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 5,230 | 4,610 | 3,698 | 3,580 | 3,010 | |||
| Operating loss: | (43,029) | (44,863) | (45,305) | (37,704) | (29,139) | (23,879) | ||
| Nonoperating income | 1,830 | 2,703 | 545 | 573 | 515 | |||
| Bank owned life insurance income | 1,830 | 2,703 | 545 | 573 | 515 | |||
| Interest and debt expense | (33,104) | (9,519) | (6,562) | (9,595) | (10,283) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 61,431 | 57,571 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (41,199) | (75,264) | (54,279) | (43,693) | 23,212 | 23,409 | ||
| Other undisclosed income from continuing operations before income taxes | 73,070 | 105,747 | 86,629 | 81,380 | ||||
| Income from continuing operations before income taxes: | 31,871 | 30,483 | 32,350 | 37,687 | 23,212 | 23,409 | ||
| Income tax expense | (5,913) | (6,335) | (5,732) | (7,133) | (3,990) | (3,905) | ||
| Income from continuing operations: | 25,958 | 24,148 | 26,618 | 30,554 | 19,222 | 19,504 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 30,554 | 19,222 | 19,504 | |
| Net income attributable to parent: | 25,958 | 24,148 | 26,618 | 30,554 | 19,222 | 19,504 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (211) | (186) | (237) | (241) | (116) | (100) | ||
| Net income available to common stockholders, diluted: | 25,747 | 23,962 | 26,381 | 30,313 | 19,106 | 19,404 | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 25,958 | 24,148 | 26,618 | 30,554 | 19,222 | 19,504 | ||
| Other comprehensive income (loss) | 1,676 | 11,441 | (54,904) | (6,769) | 8,104 | 7,861 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 27,634 | 35,589 | (28,286) | 23,785 | 27,326 | 27,365 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.