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)

12/31/2021
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 investments1051033638372933
Cash and cash equivalents1051023537372933
Short-term investments 111   
Restricted cash and investments  2018171715
Total current assets:1051035657544549
Noncurrent Assets
Property, plant and equipment21221715151515
Intangible assets, net (including goodwill)56563012121212
Goodwill53532812121212
Intangible assets, net (excluding goodwill)3410000
Deferred income tax assets633
Total noncurrent assets:82814927272727
Other undisclosed assets2,1402,0561,5481,2081,1951,1701,147
TOTAL ASSETS:2,3282,2391,6541,2911,2771,2421,223
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2208613622653
Total current liabilities:2208613622653
Noncurrent Liabilities
Other undisclosed liabilities2,0241,9191,3231,0811,0271,030982
Total liabilities:2,0261,9391,4101,0941,0891,0561,036
Stockholders' equity
Stockholders' equity attributable to parent, including:301300244197188186187
Common stock      13
Treasury stock, value(7)(1)(4)(6)(8)(10)(9)
Additional paid in capital14414410573727272
Accumulated other comprehensive income (loss)5124(4)(2)(1)3
Retained earnings143130126123114113109
Other undisclosed stockholders' equity attributable to parent161614131313 
Total stockholders' equity:301300244197188186187
TOTAL LIABILITIES AND EQUITY:2,3282,2391,6541,2911,2771,2421,223

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
Revenues13151048585656
Gain (loss) on disposition of assets for financial service operations36 (0)
Net investment income881048444243
Financial services revenue141414
Cost of revenue(4)(4)(1)(1)(1)(1)(1)
Provision for loan, lease, and other losses(4)(4)(1)(1)
Financial services costs(1)(1)(1)
Gross profit:911947575556
Operating expenses(51)(43)(33)(24)(19)(24)(22)
Other operating income, net
(Noninterest Income, Other Operating Income)
43  122
Operating income (loss):(38)(29)(24)23403335
Nonoperating income11  113
Investment income, nonoperating    013
Bank owned life insurance income11  000
Mortgage servicing rights (msr) impairment (recovery)     (0)(0)
Interest and debt expense(7)(10)(10)(5)(4)(4)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 61588(16)(9)(9)
Income (loss) from continuing operations before equity method investments, income taxes:(44)232326212122
Other undisclosed income from continuing operations before income taxes81      
Income from continuing operations before income taxes:38232326212122
Income tax expense(7)(4)(4)(4)(7)(5)(5)
Net income attributable to parent:31192022131616
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:30191922131616

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:31192022131616
Other comprehensive income (loss)(7)88(2)(1)(3)(3)
Comprehensive income, net of tax, attributable to parent:24272720131214

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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