Citizens & Northern Corporation (CZNC)

Citizens & Northern Balance Sheet

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	100.41	52.78	47.7	95.85	96.02	10.97
Investment Securities	191.77	203.15	277.44	296.88	214.22	129.12
Trading Asset Securities	-	2.79	3.64	3.1	6.57	-
Mortgage-Backed Securities	209.38	216.71	227.95	229.9	140.95	222.66
Total Investments	401.15	422.65	509.02	529.88	361.74	351.78
Gross Loans	1,893	1,853	1,745	1,569	1,650	1,185
Allowance for Loan Losses	-20.38	-19.21	-16.62	-13.54	-11.39	-9.84
Other Adjustments to Gross Loans	-	-4.46	-4.73	-4.25	-6.29	-2.48
Net Loans	1,873	1,829	1,723	1,551	1,633	1,172
Net Property, Plant & Equipment	21.97	25.2	25.71	24.43	24.97	18.81
Goodwill	-	52.51	52.51	52.51	52.51	28.39
Other Intangible Assets	54.78	5.13	5.53	5.65	5.54	2.52
Accrued Interest Receivable	-	9.14	8.65	7.24	8.29	5
Restricted Cash	-	-	-	-	-	20.15
Long-Term Deferred Tax Assets	18.38	17.44	20.88	5.89	2.71	2.62
Other Real Estate Owned & Foreclosed	0.18	0.48	0.28	0.68	1.34	2.89
Other Long-Term Assets	123.44	86.12	46.44	44.9	43.45	27.73
Total Assets	2,593	2,516	2,454	2,328	2,239	1,654
Interest Bearing Deposits	2,059	1,390	1,348	1,328	1,252	882.28
Institutional Deposits	-	134.09	85.64	75.38	103.02	84.48
Non-Interest Bearing Deposits	-	490.55	563.84	521.21	465.33	285.9
Total Deposits	2,059	2,015	1,998	1,925	1,820	1,253
Short-Term Borrowings	-	36.67	83.72	4.91	26.59	86.22
Current Portion of Long-Term Debt	-	32.16	9.3	15.45	26.1	5.07
Current Portion of Leases	-	0.62	-	-	-	1.64
Accrued Interest Payable	-	1.53	0.46	0.21	0.55	0.31
Long-Term Debt	39.64	39.55	39.37	47.71	16.55	6.5
Long-Term Leases	-	2.95	4.13	3.75	3.45	-
Pension & Post-Retirement Benefits	-	1.92	1.83	2.18	2.25	1.33
Other Long-Term Liabilities	28.43	16.83	15.53	14.39	14.88	8.91
Total Liabilities	2,330	2,253	2,205	2,026	1,939	1,410
Common Stock	304.58	16.03	16.03	16.03	15.98	13.94
Additional Paid-In Capital	-	144.39	143.95	144.45	143.64	104.52
Retained Earnings	-	157.03	151.74	142.61	129.7	126.48
Treasury Stock	-	-16.63	-12.52	-6.72	-1.37	-4.17
Comprehensive Income & Other	-41.36	-38.44	-49.88	5.03	11.8	3.69
Shareholders' Equity	263.22	262.38	249.33	301.41	299.76	244.45
Total Liabilities & Equity	2,593	2,516	2,454	2,328	2,239	1,654
Total Debt	242.16	218.13	189.57	84.41	101.2	146.48
Net Cash (Debt)	-141.75	-158.45	-130.89	23.64	7.23	-131.43
Net Cash Growth	-	-	-	227.09%	-	-
Net Cash Per Share	-9.32	-10.40	-8.47	1.50	0.49	-9.87
Filing Date Shares Outstanding	15.38	15.38	15.56	15.83	16	13.76
Total Common Shares Outstanding	15.38	15.3	15.52	15.76	15.91	13.72
Book Value Per Share	17.12	17.15	16.07	19.13	18.84	17.82
Tangible Book Value	208.44	207.41	193.94	245.58	243.4	214.82
Tangible Book Value Per Share	13.56	13.56	12.50	15.58	15.30	15.66

Source: S&P Capital IQ. Banks template.