Citizens & Northern Bank in Wellsboro, Pennsylvania (PA), NY
| Citizens & Northern Bank | |
|---|---|
| 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 WWW: http://www.cnbankpa.com 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) |
| 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 |
| Securities | $470,940 |
| 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 |
| Surplus | $72,666 |
| Undivided profits | $79,177 |
| Memoranda | |
| 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 |
| Derivatives | $21,055 |
| 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 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.08% |
| 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 ratio | 26.32% |
| 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 deposits | 1.19% |
| 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% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $1,304,746 |
| Average equity | $141,429 |
| Average loans | $1,197,769 |
| 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 Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $562,217 |
| Number of Accounts | 1 |
| 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 Accounts | 1153 |
| 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 |
| 2 New York Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 27 | 402 | Main St Branch | 3 Main Street, Canisteo, NY 14823 | April 28, 1897 | Full Service Brick and Mortar |  |
| 28 | 182382 | Hornell Branch | 6250 County Route 64, Hornell, NY 14843 | October 15, 1983 | Full Service Brick and Mortar | |
| 24 Pennsylvania Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5029 | Citizens & Northern Bank | 90-92 Main Street, Wellsboro, PA 16901 | January 01, 1864 | Full Service Brick and Mortar |  |
| 1 | 216608 | Elkland Branch | 104 Main Street, Elkland, PA 16920 | December 17, 1964 | Full Service Brick and Mortar | |
| 2 | 216609 | Knoxville Branch | 102 East Main Street, Route 49, Knoxville, PA 16928 | December 17, 1964 | Full Service Brick and Mortar | |
| 3 | 216610 | Liberty Branch | 4534 Williamson Trail, Liberty, PA 16930 | December 17, 1964 | Full Service Brick and Mortar | |
| 4 | 216611 | Tioga Branch | 41 Main Street, Tioga, PA 16946 | March 02, 1961 | Full Service Brick and Mortar | |
| 6 | 216592 | Wysox Branch | Us Routes 6 & 309 & State Route 187, Wysox Township, PA 18854 | July 06, 1959 | Full Service Brick and Mortar | |
| 7 | 216593 | Troy Branch | Elmira And East Main Streets, Troy, PA 16947 | June 14, 1971 | Full Service Brick and Mortar | |
| 8 | 216612 | Monroeton Branch | 612 James Monroe Avenue, Monroeton, PA 18832 | November 01, 1971 | Full Service Brick and Mortar | |
| 9 | 4985 | Towanda Branch | 428 Main Street, Towanda, PA 18848 | January 01, 1909 | Full Service Brick and Mortar | |
| 10 | 4905 | Laporte Branch | 514 Main Street, Laporte, PA 18626 | September 09, 1909 | Full Service Brick and Mortar | |
| 11 | 215996 | Dushore Branch | 111 W. Main Street, Dushore, PA 18614 | October 01, 1973 | Full Service Brick and Mortar | |
| 12 | 4819 | Athens Branch | 428 South Main Street, Athens, PA 18810 | January 01, 1893 | Full Service Brick and Mortar | |
| 13 | 215355 | Sayre Branch | 1827 Elmira Street, South Waverly, PA 18840 | July 03, 1972 | Full Service Brick and Mortar | |
| 14 | 4858 | East Smithfield Branch | 563 Main Street, East Smithfield, PA 18817 | July 08, 1911 | Full Service Brick and Mortar | |
| 15 | 216613 | Ralston Branch | 24 Thompson Street, Ralston, PA 17763 | March 18, 1998 | Full Service Brick and Mortar | |
| 16 | 216614 | Mansfield Branch | 1085 S. Main Street, Mansfield, PA 16933 | October 01, 1998 | Full Service Brick and Mortar | |
| 17 | 360894 | Muncy Branch | 3461 Route 405 Highway, Muncy, PA 17756 | October 01, 2000 | Full Service Brick and Mortar | |
| 18 | 428715 | Williamsport Court St. Branch | 130 Court Street, Williamsport, PA 17701 | May 28, 2004 | Full Service Brick and Mortar | |
| 19 | 432627 | South Williamsport Branch | 2 East Mountain Avenue, South Williamsport, PA 17702 | September 07, 2004 | Full Service Brick and Mortar | |
| 20 | 444608 | Jersey Shore Branch | 230-232 Railroad Street, Jersey Shore, PA 17740 | August 22, 2005 | Full Service Brick and Mortar | |
| 21 | 451123 | Old Lycoming Branch | 1510 Dewey Avenue, Williamsport, PA 17701 | March 01, 2006 | Full Service Brick and Mortar | |
| 24 | 7585 | Coudersport Branch | 10 North Main Street, Coudersport, PA 16915 | June 06, 1903 | Full Service Brick and Mortar | |
| 25 | 225964 | Port Allegany Branch | 100 Maple Street, Port Allegany, PA 16743 | October 09, 1978 | Full Service Brick and Mortar | |
| 26 | 225965 | Emporium Branch | 135 East Fourth Street, Emporium, PA 15834 | December 15, 1980 | Full Service Brick and Mortar | |
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