Citizens Financial Services, Inc. (CZFS)

CZFS Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	36.76	52.82	26.21	172.83	68.71	15.47
Investment Securities	294.55	332.8	348.5	325.23	234.85	192.59
Trading Asset Securities	8.99	13.69	16.6	4.01	1.11	-
Mortgage-Backed Securities	130.19	99.35	100.58	100.76	76.25	63.4
Total Investments	433.73	445.84	465.67	430	312.21	255.99
Gross Loans	2,331	2,249	1,725	1,442	1,405	1,116
Allowance for Loan Losses	-21.7	-21.15	-18.55	-17.3	-15.82	-13.85
Net Loans	2,309	2,228	1,706	1,424	1,389	1,102
Property, Plant & Equipment	21.24	32.5	22.61	20.28	19.23	17.1
Goodwill	85.76	85.76	31.38	31.38	31.38	23.3
Other Intangible Assets	2.26	2.7	0.3	0.45	0.65	0.71
Loans Held for Sale	13.52	9.38	0.73	4.55	14.64	0.82
Accrued Interest Receivable	10.8	11.04	7.33	5.24	6	4.56
Restricted Cash	-	-	-	-	-	3.05
Long-Term Deferred Tax Assets	14.45	17.34	12.89	4.08	-	-
Other Real Estate Owned & Foreclosed	2.49	0.47	0.54	1.18	1.84	3.4
Other Long-Term Assets	96.15	74.8	48.67	46.35	42.97	34.15
Total Assets	3,026	2,975	2,333	2,144	1,892	1,466
Accrued Expenses	-	0.58	0.62	0.65	0.67	0.69
Interest Bearing Deposits	1,902	1,703	1,392	1,398	1,209	866.42
Institutional Deposits	-	94.81	56.29	79.61	75.87	140.9
Non-Interest Bearing Deposits	548.22	523.78	396.26	358.07	303.76	203.79
Total Deposits	2,450	2,321	1,844	1,836	1,589	1,211
Short-Term Borrowings	14.36	187.2	178.84	2.1	1.11	24.79
Current Portion of Long-Term Debt	-	76.04	60.78	54.1	69.11	38.8
Current Portion of Leases	-	1.79	-	-	-	-
Accrued Interest Payable	5.55	4.3	1.23	0.71	1.02	1.09
Long-Term Debt	222.13	26.43	17.39	9.88	0.01	-
Federal Home Loan Bank Debt, Long-Term	-	40.29	10	10	19.73	21.53
Long-Term Leases	-	9.4	5.02	3.27	2.3	1.16
Pension & Post-Retirement Benefits	0.57	3.51	3.37	3.21	2.76	2.69
Other Long-Term Liabilities	35.06	24.65	11.8	11.31	11.85	9.7
Total Liabilities	2,728	2,696	2,133	1,931	1,697	1,312
Common Stock	5.21	5.16	4.43	4.39	4.35	3.94
Additional Paid-In Capital	144.93	143.23	80.91	78.4	75.91	55.09
Retained Earnings	183.79	172.98	164.92	146.01	126.63	110.8
Treasury Stock	-16.36	-16.79	-16.97	-16.15	-15.21	-14.43
Comprehensive Income & Other	-18.92	-24.91	-33.14	-0.16	2.59	-0.63
Shareholders' Equity	298.65	279.67	200.15	212.49	194.26	154.77
Total Liabilities & Equity	3,026	2,975	2,333	2,144	1,892	1,466
Total Debt	236.5	341.15	272.02	79.34	92.26	86.28
Net Cash (Debt)	-186.92	-270.57	-223.16	108.53	-8.68	-56.56
Net Cash Per Share	-39.35	-61.13	-55.11	26.71	-2.19	-15.25
Filing Date Shares Outstanding	4.76	4.75	4.05	4.06	4.07	3.71
Total Common Shares Outstanding	4.76	4.75	4.05	4.06	4.08	3.7
Book Value Per Share	62.75	58.83	49.41	52.29	47.60	41.78
Tangible Book Value	210.63	191.21	168.47	180.66	162.24	130.77
Tangible Book Value Per Share	44.25	40.22	41.59	44.45	39.75	35.30

Source: S&P Capital IQ. Banks template. Financial Sources.