Citizens & Northern Bank in Wellsboro, Pennsylvania (PA), NY

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Citizens & Northern Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)290
Total assets$1,312,496
Cash and due from depository institutions$59,739
Interest-bearing balances$42,128
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$701,549
Loan loss allowance $7,705
Trading account assets$0
Bank premises and fixed assets$19,028
Other real estate owned$1,235
Goodwill and other intangibles$12,529
All other assets$47,476
Life insurance assets$1,312,496
Total liabilities and capital$1,158,023
Total liabilities$1,019,932
Total deposits$824,955
Interest-bearing deposits$1,019,932
Deposits held in domestic offices$78
% insured (estimated)89950.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$40,363
Other borrowed funds $0
Subordinated debt $7,778
All other liabilities $154,473
Total equity capital$154,473
Total bank equity capital$154,473
Perpetual preferred stock$0
Common stock$2,630
Undivided profits $79,177
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $939
Income earned, not collected on loans $8,464
Earning assets $456
Long-term assets (5+ years) $4,773
Average Assets, year-to-date $1,214,617
Average Assets, quarterly $600,109
Volatile liabilities $1,304,746
Insider loans $1,306,857
FHLB advances $700,576
Loans and leases held for sale $1,282,131
Unused loan commitments $20,889
Tier 1 (core) risk-based capital $10,085
Tier 2 risk-based capital $129,978
Total risk weighted assets $10,804
Total unused commitments $0
Restructured Loans and leases $182,833
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $60,895
Total interest expense $13,557
Net interest income $47,338
Provision for loan and lease losses -$285
Total noninterest income $13,845
Fiduciary activities $3,472
Service charges on deposit accounts $4,773
Trading account gains & fees $0
Additional noninterest income $5,600
Total noninterest expense $31,780
Salaries and employee benefits $18,271
Premises and equipment expense $4,570
Additional noninterest expense $8,939
Pre-tax net operating income $29,688
Securities gains (losses) $2,125
Applicable income taxes $8,719
Income before extraordinary items $23,094
Extraordinary gains - net $0
Net income attributable to bank $23,094
Net charge-offs $0
Cash dividends $23,094
Sale, conversion, retirement of capital stock, net $1,117
Net operating income $7,856
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.08%
Cost of funding earning assets 1.13%
Net interest margin 3.95%
Noninterest income to earning assets 1.16%
Noninterest expense to earning assets 2.65%
Net operating income to assets 1.65%
Return on assets (ROA) 1.77%
Pretax return on assets 2.44%
Return on equity (ROE) 16.33%
Retained earnings to average equity (YTD only) 10.77%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs -25.51%
Efficiency ratio26.32%
Assets per employee$51,756
Cash dividends to net income (YTD only)4.53%
Condition Ratios (%)
Loss allowance to loans 34.02%
Loss allowance to noncurrent loans 1.09%
Noncurrent assets plus other real estate owned to assets 91.03%
Noncurrent loans to loans 0.74%
Net loans and leases to deposits1.19%
Net loans and leases to core deposits 68.78%
Equity capital to assets 70.98%
Core capital (leverage) ratio 11.77%
Tier 1 risk-based capital ratio 10.14%
Total risk-based capital ratio 18.55%
Average assets$20
Average earning assets$1,304,746
Average equity $141,429
Average loans $1,197,769
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$562,217
Number of Accounts1
Personal trust and agency accounts$419,890
Employee benefit-defined contribution accounts$105,409
Employee benefit-defined benefit accounts$4,668
Other retirement accounts$31,000
Corporate trust and agency accounts$73,556
Investment management agency accounts$15
Other fiduciary accounts$139,417
Fiduciary accounts held in foreign offices$65,825
Non-managed Assets$0
Number of Accounts1153
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$73,556
Employee benefit-defined benefit accounts$0
Other retirement accounts$142,327
Corporate trust and agency accounts$3,829
Other fiduciary accounts$138,498
Fiduciary accounts held in foreign offices$0
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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
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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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