Citizens & Northern Corp (CZNC) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments52383729333239
Cash and cash equivalents51373729333239
Short-term investments11     
Restricted cash and investments20181717151715
Total current assets:72575445494854
Noncurrent Assets
Property, plant and equipment16151515151617
Intangible assets, net (including goodwill)30121212121212
Goodwill29121212121212
Intangible assets, net (excluding goodwill)1000000
Total noncurrent assets:46272727272829
Other undisclosed assets1,5241,2081,1951,1701,1471,1651,154
TOTAL ASSETS:1,6431,2911,2771,2421,2231,2421,238
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2113622653623
Total current liabilities:2113622653623
Noncurrent Liabilities
Other undisclosed liabilities1,3781,0811,0271,0309821,0481,035
Total liabilities:1,4001,0941,0891,0561,0361,0541,058
Stockholders' equity
Stockholders' equity attributable to parent, including:243197188186187188179
Common stock    13  
Treasury stock, value(4)(6)(8)(10)(9)(7)(3)
Additional paid in capital104737272727270
Accumulated other comprehensive income (loss)4(4)(2)(1)35(1)
Retained earnings125123114113109106101
Other undisclosed stockholders' equity attributable to parent14131313 1313
Total stockholders' equity:243197188186187188179
TOTAL LIABILITIES AND EQUITY:1,6431,2911,2771,2421,2231,2421,238

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3048585656582
Net investment income304844424345 
Financial services revenue141414142
Cost of revenue(1)(1)(1)(1)(1)(1)(2)
Provision for loan, lease, and other losses(1)(1)
Financial services costs(1)(1)(1)(0)(2)
Gross profit:294757555658(0)
Operating expenses(31)(24)(19)(24)(22)(26)(2)
Other operating income, net
(Noninterest Income, Other Operating Income)
  12212
Operating income (loss):(3)2340333533(0)
Nonoperating income  11322
Investment income, nonoperating  01312
Bank owned life insurance income  00000
Mortgage servicing rights (msr) impairment (recovery)   (0)(0)(0) 
Interest and debt expense(9)(5)(4)(4)(7)(5)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes358(16)(9)(9)(7)30
Income from continuing operations before income taxes:24262121222325
Income tax expense(4)(4)(7)(5)(5)(6)(6)
Net income attributable to parent:20221316161719
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)
Net income available to common stockholders, diluted:20221316161719

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:20221316161719
Other comprehensive income (loss)15(2)(1)(3)(3)6(12)
Comprehensive income:3420131214237
Other undisclosed comprehensive loss, net of tax, attributable to parent(2)      
Comprehensive income, net of tax, attributable to parent:3320131214237

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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