Citizens & northern corp (CZNC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and fees on loans:
Taxable

53,086

38,667

-

-

-

-

-

-

-

-

-

Taxable

-

-

34,907

32,827

31,311

32,127

35,484

40,453

43,178

44,155

45,236

Tax-exempt

2,104

2,242

2,037

1,783

1,668

1,403

1,381

1,539

1,499

1,582

1,660

Interest on loans to political subdivisions

2,104

2,242

2,037

1,783

1,668

-

1,381

1,539

1,499

1,582

1,660

Interest on mortgages held for sale

22

14

25

27

16

16

54

107

53

74

-

Interest on balances with depository institutions

514

415

190

116

93

125

105

114

73

124

61

Income from available-for-sale debt securities:
Interest on federal funds sold

-

-

-

-

-

-

-

-

-

-

15

Interest on trading securities

-

-

-

-

-

-

-

-

-

1

43

Taxable

7,008

6,189

5,478

5,846

7,303

7,721

6,810

9,029

11,036

11,092

15,926

Tax-exempt

2,014

2,779

3,205

3,429

3,844

4,310

4,785

5,085

5,156

4,834

4,443

Dividends on marketable equity security

23

22

21

-

-

-

-

-

-

-

-

Dividends

-

-

-

70

284

307

295

305

261

252

592

Total interest and dividend income

64,771

50,328

45,863

44,098

44,519

46,009

48,914

56,632

61,256

62,114

67,976

INTEREST EXPENSE
Interest on deposits

8,190

3,702

2,403

2,085

1,924

2,163

2,703

4,807

8,112

11,907

14,651

Interest on short-term borrowings

733

366

213

155

32

9

9

10

23

177

544

Interest on long-term borrowings

1,013

557

1,299

1,453

2,646

2,950

3,053

4,214

5,421

7,161

9,261

Interest on subordinated debt

347

0

-

-

-

-

-

-

-

-

-

Total interest expense

10,283

4,625

3,915

3,693

4,602

5,122

5,765

9,031

13,556

19,245

24,456

Net interest income

54,488

45,703

41,948

40,405

39,917

40,887

43,149

47,601

47,700

42,869

43,520

Provision (credit) for loan losses

849

584

801

1,221

845

476

2,047

288

-285

1,191

680

Net interest income after provision (credit) for loan losses

53,639

45,119

41,147

39,184

39,072

40,411

41,102

47,313

47,985

41,678

42,840

NONINTEREST INCOME
Service charges on deposit accounts

-

-

-

4,695

4,864

5,025

5,246

5,322

4,773

4,579

4,791

Service charges and fees

-

-

-

439

494

538

597

643

849

858

796

Trust and financial management revenue

-

-

-

4,760

4,626

4,490

4,087

3,847

3,472

-

-

Brokerage revenue

1,266

1,018

797

756

839

901

784

801

-

-

-

Insurance commissions, fees and premiums

167

105

115

102

109

118

170

221

257

248

293

Net gains from sale of loans

924

682

-

-

-

-

-

-

-

-

-

Interchange revenue from debit card transactions

-

-

-

1,943

1,935

1,959

1,941

1,938

-

-

-

Trust and financial management revenue

-

-

-

-

-

-

-

-

-

3,475

3,262

Interchange revenue from debit card transactions

-

-

-

-

-

-

-

-

1,922

1,678

1,338

Net gains from sale of loans

-

-

818

1,029

735

768

1,969

2,016

1,107

761

106

Loan servicing fees, net

-

-

-

103

216

-

-

-

-

-

-

Decrease in fair value of servicing rights

-

-

-

-

-

27

-67

188

-

-

-

Increase in cash surrender value of life insurance

402

394

379

382

386

376

399

455

509

466

501

Net (loss) from premises and equipment

-

-

-

-

-

-

-16

270

-

-

-

Impairment loss on limited partnership investment

-

-

-

-

-

-

-

-

948

0

-

Other noninterest income

1,875

2,153

1,275

1,302

1,274

1,272

1,207

1,058

1,956

1,773

1,934

Sub-total

19,284

18,597

16,153

15,511

15,478

15,420

16,451

16,383

-

-

-

Gain on restricted equity security

0

2,321

0

-

-

-

-

-

-

-

-

Realized gains (losses) on available-for-sale debt securities, net

23

-288

257

-

-

-

-

-

-

-

-

Sub-total

19,284

18,597

16,153

15,511

15,478

-

16,451

16,383

-

-

-

Sub-total

-

-

-

-

-

-

-

-

13,897

13,838

-

Total other-than-temporary impairment losses on available-for-sale securities

-

-

-

-

-

-

25

67

0

-

-

Sub-total

-

-

-

-

-

-

-

-

-

-

13,021

Total other-than-temporary impairment losses on available-for-sale securities

-

-

-

-

-

-

-

-

-

381

81,912

Portion of (gain) recognized in other comprehensive loss (before taxes)

-

-

-

-

-

-

0

0

0

52

3,451

Net impairment losses recognized in earnings

-

-

-

-

-

-

25

67

0

-

-

Realized gains on securities, net

-

-

-

1,158

2,861

1,104

1,743

2,749

2,216

-

-

Net realized gains recognized in earnings on available-for-sale securities

-

-

-

-

-

-

-

-

2,216

-

-

Net impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

433

85,363

Realized gains on available-for-sale securities, net

-

-

-

-

-

-

-

-

-

-1,262

-1,523

Net realized gains on available-for-sale securities

-

-

-

-

-

-

-

-

-

829

-

Net realized gains on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-83,840

Total noninterest income

19,307

20,630

16,410

16,669

18,339

16,524

18,169

19,065

16,113

14,667

-70,819

NONINTEREST EXPENSE
Salaries and wages

20,644

17,191

15,806

15,411

14,682

15,121

14,206

14,370

13,866

13,063

12,737

Pensions and other employee benefits

5,837

5,259

5,348

4,717

4,420

4,769

4,150

4,497

4,407

3,840

3,956

Occupancy expense, net

2,629

2,497

2,340

2,340

2,574

2,628

2,473

2,476

2,638

2,645

2,741

Furniture and equipment expense

1,289

1,196

1,299

1,730

1,860

1,859

1,948

1,887

1,932

2,103

2,679

Data processing expenses

3,403

2,750

2,406

-

-

-

-

-

-

-

-

Automated teller machine and interchange expense

1,103

1,304

1,284

1,137

988

-

-

-

-

-

-

FDIC Assessments

-

-

-

488

603

600

604

633

832

1,450

2,092

Pennsylvania shares tax

1,380

1,318

1,329

1,274

1,248

-

-

-

-

-

-

Pennsylvania shares tax

1,380

1,318

1,329

1,274

1,248

1,350

-

-

-

-

-

Pennsylvania shares tax

-

-

-

-

-

-

1,402

1,312

1,306

1,222

1,272

Professional fees

1,069

976

872

1,126

638

699

1,534

486

455

-

-

Telecommunications

744

748

575

-

-

-

-

-

-

-

-

Directors' fees

673

706

720

-

-

-

-

-

-

-

-

Merger-related expenses

4,099

328

-

-

-

-

-

-

-

-

-

Automated teller machine and interchange expense

-

-

-

-

-

-

1,020

1,136

1,026

-

-

Software subscriptions

-

-

-

981

876

-

836

890

703

-

-

Automated teller machine and interchange expense

1,103

1,304

1,284

1,137

988

924

-

-

-

-

-

Software subscriptions

-

-

-

981

876

784

836

890

703

-

-

Loss on prepayment of debt

-

-

-

0

-2,573

0

-1,023

-2,333

-

-

-

Loss on prepayment of debt

-

-

-

-

-

-

-

-

0

0

-

Other noninterest expense

6,667

5,213

4,988

5,540

5,141

5,423

5,298

5,227

4,851

7,167

8,534

Total noninterest expense

49,537

39,486

36,967

34,744

35,603

34,157

34,494

35,247

32,016

31,490

34,011

Income before income tax provision

23,409

26,263

20,590

21,109

21,808

22,778

24,777

31,131

32,082

24,855

-61,990

Income tax provision

3,905

4,250

7,156

5,347

5,337

5,692

6,183

8,426

8,714

-

-

Income tax provision

-

-

-

-

-

-

-

-

-

-

-22,655

Income tax provision

-

-

-

-

-

-

-

-

-

5,800

-

NET INCOME

19,504

22,013

13,434

15,762

16,471

17,086

18,594

22,705

23,368

19,055

-39,335

U.S Treasury preferred dividends

-

-

-

-

-

-

-

-

-

1,474

1,428

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

-

-

-

-

-

-

-

-

-

17,581

-40,763

EARNINGS PER COMMON SHARE - BASIC (in dollars per share)

1.46

1.79

1.10

1.30

1.35

1.38

1.51

1.86

1.92

1.45

-

EARNINGS PER COMMON SHARE - DILUTED (in dollars per share)

1.46

1.79

1.10

1.30

1.35

1.38

1.50

1.85

1.92

1.45

-

NET INCOME (LOSS) PER SHARE - BASIC AND DILUTED

-

-

-

-

-

-

-

-

-

-

-4.40

Trust and Asset Management [Member]
Revenue

6,106

5,838

5,399

-

-

-

-

-

-

-

-

Deposit Account [Member]
Revenue

5,358

5,171

4,560

-

-

-

-

-

-

-

-

Service Charges and Fees [Member]
Revenue

332

343

345

-

-

-

-

-

-

-

-

Debit Card [Member]
Revenue

2,754

2,546

2,221

-

-

-

-

-

-

-

-

Bank Servicing [Member]
Revenue

100

347

244

-

-

-

-

-

-

-

-