Citizens & Northern Corp (CZNC) financial statements (2021 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 investments103363837293332
Cash and cash equivalents102353737293332
Short-term investments111    
Restricted cash and investments 201817171517
Total current assets:103565754454948
Noncurrent Assets
Property, plant and equipment22171515151516
Intangible assets, net (including goodwill)56301212121212
Goodwill53281212121212
Intangible assets, net (excluding goodwill)4100000
Deferred income tax assets33
Total noncurrent assets:81492727272728
Other undisclosed assets2,0561,5481,2081,1951,1701,1471,165
TOTAL ASSETS:2,2391,6541,2911,2771,2421,2231,242
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2086136226536
Total current liabilities:2086136226536
Noncurrent Liabilities
Other undisclosed liabilities1,9191,3231,0811,0271,0309821,048
Total liabilities:1,9391,4101,0941,0891,0561,0361,054
Stockholders' equity
Stockholders' equity attributable to parent, including:300244197188186187188
Common stock     13 
Treasury stock, value(1)(4)(6)(8)(10)(9)(7)
Additional paid in capital1441057372727272
Accumulated other comprehensive income (loss)124(4)(2)(1)35
Retained earnings130126123114113109106
Other undisclosed stockholders' equity attributable to parent1614131313 13
Total stockholders' equity:300244197188186187188
TOTAL LIABILITIES AND EQUITY:2,2391,6541,2911,2771,2421,2231,242

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
Revenues15104858565658
Gain (loss) on disposition of assets for financial service operations6 (0)
Net investment income8104844424345
Financial services revenue14141414
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:1194757555658
Operating expenses(43)(33)(24)(19)(24)(22)(26)
Other operating income, net
(Noninterest Income, Other Operating Income)
3  1221
Operating income (loss):(29)(24)2340333533
Nonoperating income1  1132
Investment income, nonoperating   0131
Bank owned life insurance income1  0000
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 taxes61588(16)(9)(9)(7)
Income from continuing operations before income taxes:23232621212223
Income tax expense(4)(4)(4)(7)(5)(5)(6)
Net income attributable to parent:19202213161617
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)
Net income available to common stockholders, diluted:19192213161617

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:19202213161617
Other comprehensive income (loss)88(2)(1)(3)(3)6
Comprehensive income, net of tax, attributable to parent:27272013121423

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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