CITIZENS & NORTHERN CORP (CZNC)
2025-06-30 | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Revenue-Bank Servicing | 173 | - | - | |
| Revenue-Deposit Account | 1,422 | - | - | |
| Revenue-Debit Card | 1,218 | - | - | |
| Other noninterest income | 2,030 | 1,123 | 1,943 | |
| Net gains from sale of loans | 312 | 360 | 235 | |
| Brokerage and insurance revenue | 554 | 523 | 527 | |
| Increase in cash surrender value of life insurance | 466 | 458 | 444 | |
| Trust revenue | 1,967 | 1,946 | 2,014 | |
| Revenue from contract with customer, excluding assessed tax | - | 2,649 | 2,561 | |
| Total noninterest income | 8,142 | 7,133 | 7,854 | |
| Salaries and employee benefits | 11,067 | 10,875 | 11,023 | |
| Professional fees | 506 | 555 | 552 | |
| Other noninterest expense | 3,401 | 2,637 | 3,437 | |
| Net occupancy and equipment expense | 1,403 | 1,377 | 1,333 | |
| Data processing and telecommunications expense | 1,981 | 1,882 | 2,003 | |
| Merger-related expenses | 167 | - | - | |
| Pennsylvania shares tax | 470 | 433 | 434 | |
| Automated teller machine and interchange expense | 403 | 510 | 473 | |
| Total noninterest expense | 19,398 | 18,269 | 19,255 | |
| Provision for credit losses | 2,354 | 1,207 | 565 | |
| Interest on short-term borrowings | 1 | 184 | 360 | |
| Interest on long-term borrowings - fhlb advances | 1,674 | 1,983 | 1,855 | |
| Interest on deposits | 9,284 | 10,412 | 9,314 | |
| Interest on subordinated debt, net | 233 | 232 | 232 | |
| Interest on senior notes, net | 120 | 120 | 120 | |
| Total interest expense | 11,312 | 12,931 | 11,881 | |
| Tax-exempt | 579 | 572 | 560 | |
| Taxable | 2,329 | 2,136 | 2,137 | |
| Other interest and dividend income | 893 | 1,670 | 545 | |
| Tax-exempt | 602 | 610 | 594 | |
| Taxable | 28,051 | 28,099 | 27,490 | |
| Total interest and dividend income | 32,454 | 33,087 | 31,326 | |
| Net interest income | 21,142 | 20,156 | 19,445 | |
| Net interest income after provision for credit losses | 18,788 | 18,949 | 18,880 | |
| Income before income tax provision | 7,532 | 7,813 | 7,479 | |
| Income tax provision | 1,415 | 1,448 | 1,366 | |
| Net income | 6,117 | 6,365 | 6,113 | |
| Basic weighted-average common shares outstanding (in shares) | 15,359,004 | 15,267,120 | 15,264,533 | |
| Earnings per common share - basic (in dollars per share) | 0.4 | 0.41 | 0.4 | |
| Earnings per common share - diluted (in dollars per share) | 0.4 | 0.41 | 0.4 | |
| Weighted average number of shares outstanding, diluted | 15,359,004 | 15,267,120 | 15,264,533 | |