Citizens Financial Services, Inc. (CZFS)

CZFS Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	42.2	52.82	26.21	172.83	68.71
Investment Securities	431.48	332.8	348.5	325.23	234.85
Trading Asset Securities	10.37	13.69	16.6	4.01	1.11
Mortgage-Backed Securities	-	99.35	100.58	100.76	76.25
Total Investments	441.85	445.84	465.67	430	312.21
Gross Loans	2,313	2,249	1,725	1,442	1,405
Allowance for Loan Losses	-21.7	-21.15	-18.55	-17.3	-15.82
Net Loans	2,292	2,228	1,706	1,424	1,389
Property, Plant & Equipment	21.4	32.5	22.61	20.28	19.23
Goodwill	85.76	85.76	31.38	31.38	31.38
Other Intangible Assets	2.89	2.7	0.3	0.45	0.65
Loans Held for Sale	9.61	9.38	0.73	4.55	14.64
Accrued Interest Receivable	10.31	11.04	7.33	5.24	6
Long-Term Deferred Tax Assets	15.2	17.34	12.89	4.08	-
Other Real Estate Owned & Foreclosed	2.64	0.47	0.54	1.18	1.84
Other Long-Term Assets	102.34	74.8	48.67	46.35	42.97
Total Assets	3,026	2,975	2,333	2,144	1,892
Accrued Expenses	-	0.58	0.62	0.65	0.67
Interest Bearing Deposits	1,849	1,703	1,392	1,398	1,209
Institutional Deposits	-	94.81	56.29	79.61	75.87
Non-Interest Bearing Deposits	532.78	523.78	396.26	358.07	303.76
Total Deposits	2,382	2,321	1,844	1,836	1,589
Short-Term Borrowings	5.82	187.2	178.84	2.1	1.11
Current Portion of Long-Term Debt	-	76.04	60.78	54.1	69.11
Current Portion of Leases	-	1.79	-	-	-
Accrued Interest Payable	4.69	4.3	1.23	0.71	1.02
Long-Term Debt	297.72	26.43	17.39	9.88	0.01
Federal Home Loan Bank Debt, Long-Term	-	40.29	10	10	19.73
Long-Term Leases	-	9.4	5.02	3.27	2.3
Pension & Post-Retirement Benefits	-	3.51	3.37	3.21	2.76
Other Long-Term Liabilities	35.73	24.65	11.8	11.31	11.85
Total Liabilities	2,726	2,696	2,133	1,931	1,697
Common Stock	5.21	5.16	4.43	4.39	4.35
Additional Paid-In Capital	144.98	143.23	80.91	78.4	75.91
Retained Earnings	189.44	172.98	164.92	146.01	126.63
Treasury Stock	-16.38	-16.79	-16.97	-16.15	-15.21
Comprehensive Income & Other	-23.52	-24.91	-33.14	-0.16	2.59
Shareholders' Equity	299.73	279.67	200.15	212.49	194.26
Total Liabilities & Equity	3,026	2,975	2,333	2,144	1,892
Total Debt	303.54	341.15	272.02	79.34	92.26
Net Cash (Debt)	-247.15	-270.57	-223.16	108.53	-8.68
Net Cash Per Share	-51.98	-61.13	-55.11	26.71	-2.19
Filing Date Shares Outstanding	4.76	4.75	4.05	4.06	4.07
Total Common Shares Outstanding	4.76	4.75	4.05	4.06	4.08
Book Value Per Share	62.97	58.83	49.41	52.29	47.60
Tangible Book Value	211.08	191.21	168.47	180.66	162.24
Tangible Book Value Per Share	44.35	40.22	41.59	44.45	39.75

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