Citizens Financial Services Inc (CZFS) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments173691917191824
Cash and cash equivalents173691917191824
Total current assets:173691917191824
Noncurrent Assets
Operating lease, right-of-use asset3  
Property, plant and equipment17171616171717
Long-term investments and receivables0000111
Long-term investments0000111
Intangible assets, net (including goodwill)33332525252324
Goodwill31312323232121
Intangible assets, net (excluding goodwill)2212222
Total noncurrent assets:54504142424142
Other undisclosed assets1,9171,7731,4071,3721,3011,1641,097
TOTAL ASSETS:2,1441,8921,4661,4311,3621,2231,163
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt17151118151416
Total current liabilities:17151118151416
Noncurrent Liabilities
Other undisclosed liabilities1,9141,6831,3001,2741,2181,0851,027
Total liabilities:1,9311,6971,3121,2911,2331,1001,043
Stockholders' equity
Stockholders' equity attributable to parent212194155139129123120
Common stock4444444
Treasury stock, value(16)(15)(14)(14)(13)(13)(10)
Additional paid in capital78765553514241
Accumulated other comprehensive income (loss)(0)3(1)(4)(3)(1)(0)
Retained earnings146127111100909186
Total stockholders' equity:212194155139129123120
TOTAL LIABILITIES AND EQUITY:2,1441,8921,4661,4311,3621,2231,163

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues75726257554941
Net investment income73706257484336
Cost of revenue(2)(2)(2)(2)(3)(2) 
Provision for loan, lease, and other losses(2)(2)(2)(2)
Financial services costs(3)(2) 
Gross profit:73706155524741
Operating expenses(4)(6)(4)(2)(21)(19)(16)
Other operating income, net
(Noninterest Income, Other Operating Income)
1211110
Operating income:70665754322926
Nonoperating income
(Bank Owned Life Insurance Income)
2111111
Interest and debt expense(7)(8)(12)(10)(6)(5)(5)
Other undisclosed loss from continuing operations before equity method investments, income taxes (28)(23)(23)(8)(9)(7)
Income from continuing operations before equity method investments, income taxes:65302321191614
Other undisclosed loss from continuing operations before income taxes(29)      
Income from continuing operations before income taxes:35302321191614
Income tax expense(6)(5)(4)(3)(6)(3)(3)
Net income available to common stockholders, diluted:29251918131312

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:29251918131312
Other comprehensive income (loss)1(1)000(0)(0)
Comprehensive income:31252018131212
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)43(1)(2)(1)(1)
Comprehensive income, net of tax, attributable to parent:26282318121111

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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