Citizens & Northern Bank in Wellsboro, Pennsylvania (PA), NY
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens & Northern Bank - Overview

  • General
  • FDIC Certificate #: 7799
    Status: Active
    Federal Reserve ID: 895710
    Bank Holding Company (Regulatory Top Holder): Citizens And Northern Corporation (RSSDID: 1143623, Location: Wellsboro, PA)
    Date Established: January 01, 1864
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 26 (Domestic: 26, Interstate: Yes)
    OTS Docket #: 8949
    FDIC's unique #: 5029
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 14, 2012
    Last Structure Change Process Date: Febuary 14, 2012
    Last Data Update: Febuary 14, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 90-92 Main Street, Wellsboro, PA 16901
    County: Tioga
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Harrisburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • Financial Summary
  • Total assets: $1,312.5 mil
    Equity capital: $154.5 mil
    Deposits held in domestic offices: $1,019.9 mil
    Return on assets (ROA): 1.77% ($23.2 mil)
    Quarterly return on assets: 1.86% ($24.4 mil)
    Return on Equity (ROE): 16.33% ($25.1 mil)
    Quarterly return on equity: 15.99% ($24.6 mil)
    Net income: $23.1 mil
    Quarterly Net income: $6.1 mil
    Pretax return on assets: 2.44% ($32,024.9 mil)
    Quarterly Pretax return on assets: 2.56% ($33,599.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 290Total employees (full-time equivalent)
  • $1,312,496Total assets
  • $59,739Cash and due from depository institutions
  • $42,128Interest-bearing balances
  • $470,940Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $701,549Net loans & leases
  • $7,705Loan loss allowance
  • $0Trading account assets
  • $19,028Bank premises and fixed assets
  • $1,235Other real estate owned
  • $12,529Goodwill and other intangibles
  • $1,312,496Life insurance assets
  • $47,476All other assets
  • $1,158,023Total liabilities and capital
  • $1,019,932Total liabilities
  • $824,955Total deposits
  • $1,019,932Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 89950.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $40,363Trading liabilities
  • $0Other borrowed funds
  • $7,778Subordinated debt
  • $154,473All other liabilities
  • $154,473Total equity capital
  • $154,473Total bank equity capital
  • $0Perpetual preferred stock
  • $2,630Common stock
  • $72,666Surplus
  • $79,177Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $939Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,464Income earned, not collected on loans
  • $456Earning assets
  • $4,773Long-term assets (5+ years)
  • $1,214,617Average Assets, year-to-date
  • $600,109Average Assets, quarterly
  • $1,304,746Volatile liabilities
  • $1,306,857Insider loans
  • $700,576FHLB advances
  • $1,282,131Loans and leases held for sale
  • $20,889Unused loan commitments
  • $10,085Tier 1 (core) risk-based capital
  • $129,978Tier 2 risk-based capital
  • $10,804Total risk weighted assets
  • $0Total unused commitments
  • $182,833Restructured Loans and leases
  • $21,055Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $60,895Total interest income
  • $13,557Total interest expense
  • $47,338Net interest income
  • -$285Provision for loan and lease losses
  • $13,845Total noninterest income
  • $3,472Fiduciary activities
  • $4,773Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,600Additional noninterest income
  • $31,780Total noninterest expense
  • $18,271Salaries and employee benefits
  • $4,570Premises and equipment expense
  • $8,939Additional noninterest expense
  • $29,688Pre-tax net operating income
  • $2,125Securities gains (losses)
  • $8,719Applicable income taxes
  • $23,094Income before extraordinary items
  • $0Extraordinary gains - net
  • $23,094Net income attributable to bank
  • $0Net charge-offs
  • $23,094Cash dividends
  • $1,117Sale, conversion, retirement of capital stock, net
  • $7,856Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.95%Net interest margin
  • 1.16%Noninterest income to earning assets
  • 2.65%Noninterest expense to earning assets
  • 1.65%Net operating income to assets
  • 1.77%Return on assets (ROA)
  • 2.44%Pretax return on assets
  • 16.33%Return on equity (ROE)
  • 10.77%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • -25.51%Credit loss provision to net charge-offs
  • 26.32%Efficiency ratio
  • 51,756Assets per employee
  • 4.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.02%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 91.03%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 1.19%Net loans and leases to deposits
  • 68.78%Net loans and leases to core deposits
  • 70.98%Equity capital to assets
  • 11.77%Core capital (leverage) ratio
  • 10.14%Tier 1 risk-based capital ratio
  • 18.55%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $1,304,746Average earning assets
  • $141,429Average equity
  • $1,197,769Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $562,217Managed Assets
  • 1Number of Accounts
  • $419,890Personal trust and agency accounts
  • $105,409Employee benefit-defined contribution accounts
  • $4,668Employee benefit-defined benefit accounts
  • $31,000Other retirement accounts
  • $73,556Corporate trust and agency accounts
  • $15Investment management agency accounts
  • $139,417Other fiduciary accounts
  • $65,825Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1153Number of Accounts
  • $0Personal trust and agency accounts
  • $73,556Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $142,327Other retirement accounts
  • $3,829Corporate trust and agency accounts
  • $138,498Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    27402Main St Branch3 Main Street, Canisteo, NY 14823April 28, 1897Full Service Brick and Mortar
    28182382Hornell Branch6250 County Route 64, Hornell, NY 14843October 15, 1983Full Service Brick and Mortar
  • 24 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05029Citizens & Northern Bank90-92 Main Street, Wellsboro, PA 16901January 01, 1864Full Service Brick and Mortar
    1216608Elkland Branch104 Main Street, Elkland, PA 16920December 17, 1964Full Service Brick and Mortar
    2216609Knoxville Branch102 East Main Street, Route 49, Knoxville, PA 16928December 17, 1964Full Service Brick and Mortar
    3216610Liberty Branch4534 Williamson Trail, Liberty, PA 16930December 17, 1964Full Service Brick and Mortar
    4216611Tioga Branch41 Main Street, Tioga, PA 16946March 02, 1961Full Service Brick and Mortar
    6216592Wysox BranchUs Routes 6 & 309 & State Route 187, Wysox Township, PA 18854July 06, 1959Full Service Brick and Mortar
    7216593Troy BranchElmira And East Main Streets, Troy, PA 16947June 14, 1971Full Service Brick and Mortar
    8216612Monroeton Branch612 James Monroe Avenue, Monroeton, PA 18832November 01, 1971Full Service Brick and Mortar
    94985Towanda Branch428 Main Street, Towanda, PA 18848January 01, 1909Full Service Brick and Mortar
    104905Laporte Branch514 Main Street, Laporte, PA 18626September 09, 1909Full Service Brick and Mortar
    11215996Dushore Branch111 W. Main Street, Dushore, PA 18614October 01, 1973Full Service Brick and Mortar
    124819Athens Branch428 South Main Street, Athens, PA 18810January 01, 1893Full Service Brick and Mortar
    13215355Sayre Branch1827 Elmira Street, South Waverly, PA 18840July 03, 1972Full Service Brick and Mortar
    144858East Smithfield Branch563 Main Street, East Smithfield, PA 18817July 08, 1911Full Service Brick and Mortar
    15216613Ralston Branch24 Thompson Street, Ralston, PA 17763March 18, 1998Full Service Brick and Mortar
    16216614Mansfield Branch1085 S. Main Street, Mansfield, PA 16933October 01, 1998Full Service Brick and Mortar
    17360894Muncy Branch3461 Route 405 Highway, Muncy, PA 17756October 01, 2000Full Service Brick and Mortar
    18428715Williamsport Court St. Branch130 Court Street, Williamsport, PA 17701May 28, 2004Full Service Brick and Mortar
    19432627South Williamsport Branch2 East Mountain Avenue, South Williamsport, PA 17702September 07, 2004Full Service Brick and Mortar
    20444608Jersey Shore Branch230-232 Railroad Street, Jersey Shore, PA 17740August 22, 2005Full Service Brick and Mortar
    21451123Old Lycoming Branch1510 Dewey Avenue, Williamsport, PA 17701March 01, 2006Full Service Brick and Mortar
    247585Coudersport Branch10 North Main Street, Coudersport, PA 16915June 06, 1903Full Service Brick and Mortar
    25225964Port Allegany Branch100 Maple Street, Port Allegany, PA 16743October 09, 1978Full Service Brick and Mortar
    26225965Emporium Branch135 East Fourth Street, Emporium, PA 15834December 15, 1980Full Service Brick and Mortar

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