For the quarter ending 2025-09-30, CZNC had $24,221K increase in cash & cash equivalents over the period. $10,902K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 6,551 | 12,410 |
| Provision for credit losses | 2,163 | 2,590 |
| Net amortization of securities | -346 | -710 |
| Increase in cash surrender value of life insurance | 477 | 923 |
| Depreciation and amortization of bank premises and equipment | 561 | 1,115 |
| Net accretion of acquisition accounting adjustments | 6 | 60 |
| Stock-based compensation | 337 | 656 |
| Deferred income taxes | -723 | 36 |
| Decrease in fair value of servicing rights | 99 | 101 |
| Net gains from sale of loans | 408 | 517 |
| Origination of loans held for sale | 13,559 | 17,775 |
| Proceeds from sales of loans held for sale | 15,976 | 16,713 |
| Decrease (increase) in accrued interest receivable and other assets | -940 | 88 |
| (decrease) increase in accrued interest payable and other liabilities | -509 | -4,947 |
| Other | 37 | 75 |
| Net cash provided by operating activities | 11,328 | 10,096 |
| Proceeds from maturities of certificates of deposit | 750 | 250 |
| Proceeds from calls and maturities of available-for-sale debt securities | 14,602 | 20,897 |
| Purchase of available-for-sale debt securities | 18,230 | 17,501 |
| Redemption of federal home loan bank of pittsburgh stock | 650 | 946 |
| Purchase of federal home loan bank of pittsburgh stock | 604 | 320 |
| Purchase of federal reserve bank stock | 10 | 22 |
| Net increase in loans | 25,831 | 24,008 |
| Proceeds from bank-owned life insurance | 0 | - |
| Purchase of premises and equipment | 426 | 1,027 |
| Proceeds from sale of foreclosed assets | 0 | 58 |
| Other | 16 | -18 |
| Net cash used in investing activities | -29,115 | -20,709 |
| Net increase in deposits | 55,959 | 15,867 |
| Net decrease in short-term borrowings | 956 | -1,955 |
| Proceeds from long-term borrowings - fhlb advances | 0 | 0 |
| Repayments of long-term borrowings - fhlb advances | 11,000 | 21,557 |
| Purchases of treasury stock | 0 | 208 |
| Common dividends paid | 3,907 | 7,839 |
| Net cash provided by financing activities | 42,008 | -15,692 |
| (decrease) increase in cash and cash equivalents | 24,221 | -26,305 |
| Cash and cash equivalents at beginning of period | 123,574 | - |
| Cash and cash equivalents at end of period | 121,490 | - |
CITIZENS & NORTHERN CORP (CZNC)
CITIZENS & NORTHERN CORP (CZNC)