Citizens & Northern Corporation
(NASDAQ:CZNC)

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides a range of banking and mortgage services to individual and corporate customers in North Central Pennsylvania and Southern New York. The company offers deposit products, including various t...

Website: http://www.cnbankpa.com

Founded: 1864

Full Time Employees: 336

Sector: Financial Services

Industry: Banks-Regional

Share this website to your friends

• Market Cap:

• Exchange:

• Shs Outstanding:

• Employees:

• Beta:

• Return on Equity (ROE) ttm:

• Return on Assets (ROA) ttm:

• EPS ttm:

• Book value per Share:

• Cash per Share:

• Current ast per Share:

• P/E ttm:

• P/E forward:

• P/E ttm high:

• P/E ttm low:

• P/S ttm:

• P/B ttm:

• P/FCF ttm:

• PEG ratio:

• Cash Ratio ttm:

• Quick Ratio ttm:

• Current Ratio ttm:

• Gross Mgn ttm:

• EBITDA Mgn ttm:

• Operating Mgn ttm:

• Net Income Mgn ttm:

• Trailing Div yield:

• Forward Div yield:

• Payout Ratio ttm:

• Ex-Dividend date:

• Target Price High:

• Target Price Low:

• Target Price Mean:

• Number of Analysts:

• Debt Ratio ttm:

• Debt to Equity ttm:

• Total Net Debt:

At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	2025-06-30	2025-03-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2013-06-30	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30

interest income
interest and fees on loans:
taxable	35,641,000	29,085,000	28,051,000	27,503,000	8,889,000	8,609,000	8,374,000		1,429,000	1,490,000	1,555,000	1,663,000	2,784,000	2,849,000	2,693,000		2,641,000	2,699,000	3,085,000		3,726,000	4,654,000		4,815,000	4,768,000	4,991,000		3,777,000	3,643,000	3,497,000		3,588,000
tax-exempt	619,000	590,000	602,000	592,000	531,000	501,000	450,000		835,000	847,000	896,000	1,243,000	1,285,000	1,291,000	1,284,000		1,223,000	1,184,000	1,181,000		1,186,000	936,000		828,000	736,000	703,000		677,000	700,000	727,000		792,000
income from available-for-sale debt securities:
other interest and dividend income	248,000	1,017,000	893,000	739,000
total interest and dividend income	40,588,000	33,650,000	32,454,000	31,709,000	11,626,000	11,340,000	11,112,000		11,131,000	10,924,000	10,937,000	12,355,000	15,317,000	15,443,000	15,298,000		15,495,000	15,386,000	15,733,000		16,808,000	17,571,000		18,575,000	18,373,000	18,700,000		18,058,000	17,692,000	16,243,000		16,152,000
interest expense
interest on deposits	10,058,000	9,456,000	9,284,000	9,592,000	639,000	575,000	521,000		549,000	522,000	479,000	673,000	1,775,000	2,267,000	2,568,000		2,916,000	3,058,000	3,157,000		3,578,000	3,981,000		4,557,000	4,757,000	5,627,000		6,437,000	6,453,000	5,890,000		5,688,000
interest on short-term borrowings	276,000		1,000		9,000	45,000	77,000		30,000	41,000	62,000	2,000	6,000	8,000	6,000		15,000	51,000	100,000		121,000	170,000		218,000	237,000	306,000		432,000	490,000	475,000		562,000
interest on long-term borrowings - fhlb advances	1,446,000	1,577,000	1,674,000	1,789,000
interest on senior notes	121,000	121,000	120,000	121,000
interest on subordinated debt	233,000	233,000	233,000	232,000
total interest expense	12,134,000	11,387,000	11,312,000	11,734,000	985,000	978,000	953,000		944,000	925,000	904,000	1,415,000	3,108,000	3,628,000	4,016,000		4,639,000	5,036,000	5,260,000		6,016,000	6,606,000		7,474,000	7,724,000	8,656,000		8,551,000	8,679,000	8,000,000		7,833,000
net interest income	28,454,000	22,263,000	21,142,000	19,975,000	10,641,000	10,362,000	10,159,000		10,187,000	9,999,000	10,033,000	10,940,000	12,209,000	11,815,000	11,282,000		10,856,000	10,350,000
provision for credit losses	13,602,000	2,163,000	2,354,000
net interest income after provision for credit losses	14,852,000	20,100,000	18,788,000
noninterest income
trust revenue	2,085,000	2,056,000	1,967,000	2,102,000
brokerage and insurance revenue	588,000	490,000	554,000	498,000
service charges on deposit accounts	1,650,000	1,471,000	1,422,000	1,440,000	1,168,000	1,094,000	1,084,000		1,221,000	1,164,000	1,138,000	1,171,000	1,230,000	1,225,000	1,131,000		1,166,000	1,190,000	1,093,000		1,317,000	1,047,000		1,191,000	1,103,000	946,000		709,000	633,000	482,000		560,000
interchange revenue from debit card transactions	1,267,000	1,137,000	1,218,000	1,036,000	561,000	568,000	520,000		481,000	487,000	463,000	505,000	490,000	485,000	452,000
net gains from sale of loans	370,000	408,000	312,000	205,000	297,000	188,000	166,000		236,000	295,000	168,000	587,000	263,000	155,000	259,000
loan servicing fees	108,000	107,000	173,000	138,000	35,000	55,000	72,000
increase in cash surrender value of life insurance	515,000	477,000	466,000	457,000	97,000	94,000	90,000		97,000	93,000	96,000	99,000	127,000	132,000	122,000		121,000	119,000	112,000		107,000	151,000		190,000	192,000	198,000		196,000	174,000	145,000		163,000
other noninterest income	1,586,000	1,158,000	2,030,000	1,132,000
realized gains on available-for-sale debt securities	26,000
total noninterest income	8,195,000	7,304,000	8,142,000	7,008,000
noninterest expense
salaries and employee benefits	13,201,000	11,293,000	11,067,000	11,759,000
net occupancy and equipment expense	1,891,000	1,336,000	1,403,000	1,459,000
data processing and telecommunications expense	2,449,000	1,939,000	1,981,000	2,071,000
automated teller machine and interchange expense	583,000	529,000	403,000	387,000	346,000	305,000	294,000		291,000	267,000	249,000
pennsylvania shares tax	585,000	469,000	470,000	496,000	336,000	336,000	336,000		287,000	323,000	322,000	351,000	345,000	320,000	319,000		305,000	306,000	305,000		318,000	318,000		292,000	292,000	292,000		236,000	235,000	236,000		244,000
professional fees	639,000	445,000	506,000	517,000	269,000	254,000	227,000		245,000	282,000	289,000
other noninterest expense	3,364,000	2,496,000	3,401,000	2,354,000
total noninterest expense	22,712,000	19,389,000	19,398,000	19,043,000
income before income tax provision	335,000	8,015,000	7,532,000	7,704,000	5,198,000	5,495,000	4,418,000		5,538,000	5,174,000	4,666,000	6,645,000	8,219,000	7,826,000	7,605,000			6,150,000						803,000	5,056,000	4,053,000		3,625,000	2,296,000	3,016,000		4,289,000
income tax provision	62,000	1,464,000	1,415,000	1,411,000	1,262,000	1,374,000	984,000		1,451,000	1,303,000	1,093,000	1,671,000	2,230,000	2,129,000	2,064,000		1,671,000	1,281,000	1,437,000						1,303,000	937,000		777,000	360,000	558,000		1,016,000
net income	273,000	6,551,000	6,117,000	6,293,000	3,936,000	4,121,000	3,434,000		4,087,000	3,871,000	3,573,000	4,974,000	5,989,000	5,697,000	5,541,000		4,864,000	4,869,000	4,438,000		-28,194,000	-7,025,000		1,012,000	3,753,000	3,116,000		2,848,000	1,936,000	2,458,000		3,273,000
yoy	-93.06%	58.97%	78.13%		-3.69%	6.46%	-3.89%		-31.76%	-32.05%	-35.52%		23.13%	17.01%	24.85%		-117.25%	-169.31%			-851.24%	-325.45%		-64.47%	93.85%	26.77%		-12.99%
qoq	-95.83%	7.09%	-2.80%	59.88%	-4.49%	20.01%			5.58%	8.34%	-28.17%	-16.95%	5.13%	2.82%			-0.10%	9.71%			301.34%			-73.03%	20.44%			47.11%	-21.24%
earnings per common share - basic and diluted	20	420	400	410
merger-related expenses		882,000	167,000
benefit from credit losses				236,000
net interest income after benefit from credit losses				19,739,000
interest on mortgages held for sale					10,000	6,000	4,000		7,000	8,000	6,000
interest on balances with depository institutions					67,000	41,000	32,000		29,000	36,000	24,000	23,000	13,000	16,000	16,000		26,000	38,000	38,000		24,000	1,000		9,000	5,000	13,000		16,000	32,000	26,000		23,000
income from available-for-sale securities:
dividends					5,000	5,000	5,000		27,000	5,000	34,000	63,000	64,000	61,000	62,000		57,000	57,000	80,000		120,000	199,000		201,000	216,000	233,000		213,000	214,000	264,000		236,000
interest on long-term borrowings					337,000	358,000	355,000		365,000	362,000	363,000	740,000	1,327,000	1,353,000	1,442,000		1,708,000	1,927,000	2,003,000		2,317,000	2,455,000		2,699,000	2,730,000	2,723,000		1,682,000	1,736,000	1,635,000		1,583,000
benefit from loan losses					322,000	4,000	452,000		538,000	318,000	368,000	66,000					189,000				634,000			141,000		904,000				229,000
net interest income after benefit from loan losses					10,319,000	10,358,000	9,707,000		9,649,000	9,681,000	9,665,000	10,874,000					10,667,000
other income
service charges and fees					115,000	104,000	97,000		118,000	123,000	94,000	216,000	218,000	207,000	218,000		191,000	210,000	193,000		198,000	190,000		208,000	187,000	174,000		177,000	182,000	142,000		130,000
trust and financial management revenue					1,292,000	1,497,000	1,180,000		1,172,000	1,251,000	1,144,000	1,045,000	785,000	946,000	877,000		876,000	830,000	899,000		757,000	769,000		845,000	975,000	877,000		885,000	939,000	682,000		726,000
brokerage revenue					187,000	208,000	156,000		216,000	180,000	173,000
insurance commissions, fees and premiums					26,000	31,000	41,000		26,000	27,000	21,000	59,000	66,000	58,000	68,000		65,000	61,000	60,000		69,000	81,000		77,000	97,000	72,000		108,000	144,000	116,000		111,000
other operating income					288,000	267,000	458,000		385,000	394,000	464,000	509,000	820,000	465,000	376,000		1,030,000	776,000	1,088,000		834,000	528,000		551,000	601,000	1,220,000		802,000	572,000	521,000		509,000
sub-total					4,066,000	4,106,000	3,864,000		3,884,000	3,906,000	3,690,000	4,191,000	3,999,000	3,673,000	2,555,000		3,449,000	3,186,000	3,445,000		3,282,000	2,766,000
realized gains on available-for-sale securities					5,000	107,000	145,000		584,000	122,000	383,000	100,000	26,000	163,000	1,839,000		388,000	321,000	489,000		99,000	1,000				-110,000				1,161,000
total other income					4,071,000	4,213,000	4,009,000		4,468,000	4,028,000	4,073,000	4,291,000	4,025,000	3,836,000	4,394,000		3,837,000	3,505,000	3,503,000		-44,566,000	-13,913,000		-1,421,000	2,288,000	3,377,000		2,809,000	1,472,000	3,249,000		3,801,000
other incomes
salaries and wages					3,985,000	3,972,000	3,868,000		3,901,000	3,913,000	3,887,000	3,635,000	3,451,000	3,469,000	3,401,000		3,354,000	3,199,000	3,078,000		3,334,000	3,341,000		3,892,000	3,736,000	3,691,000		3,741,000	3,433,000	3,595,000		3,425,000
pensions and other employee benefits					1,216,000	1,144,000	1,530,000		1,060,000	1,002,000	1,437,000	1,034,000	1,020,000	1,018,000	1,306,000		980,000	983,000	939,000		918,000	1,244,000		1,082,000	1,079,000	1,151,000		1,032,000	973,000	1,185,000		1,003,000
occupancy expense					580,000	600,000	578,000		601,000	560,000	609,000	599,000	641,000	665,000	732,000		654,000	651,000	699,000		652,000	742,000		689,000	717,000	754,000		668,000	660,000	626,000		560,000
furniture and equipment expense					471,000	448,000	453,000		435,000	439,000	427,000	483,000	498,000	453,000	484,000		500,000	542,000	568,000		690,000	674,000		692,000	642,000	648,000		708,000	751,000	645,000		651,000
fdic assessments					93,000	96,000	94,000		151,000	155,000	142,000	147,000	174,000	189,000	325,000		382,000	415,000	404,000		393,000
software subscriptions					299,000	291,000	280,000		237,000	251,000	241,000
other operating expense					1,597,000	1,630,000	1,638,000		1,371,000	1,343,000	1,469,000	2,271,000	1,923,000	1,680,000	1,696,000		1,794,000	1,533,000	1,901,000		1,972,000	2,319,000		2,089,000	1,791,000	1,928,000		2,306,000	2,137,000	1,960,000		1,757,000
total other incomes					9,192,000	9,076,000	9,298,000		8,579,000	8,535,000	9,072,000	8,520,000	8,052,000	7,794,000	8,263,000		7,969,000	7,629,000	7,894,000		8,277,000	8,638,000		8,736,000	8,257,000	8,464,000		8,691,000	8,189,000	8,247,000
earnings per common share - basic					320		280
earnings per common share - diluted					320		280
earnings per common share – basic						340
earnings per common share – diluted						340
interest and fees on loans									8,347,000	8,086,000	7,974,000	9,028,000	10,799,000	10,854,000	10,868,000		11,153,000	11,009,000	10,950,000		11,314,000	11,357,000		12,255,000	12,269,000	12,312,000		12,929,000	12,679,000	11,281,000		11,046,000
interest on loans to political subdivisions									457,000	452,000	448,000	323,000	372,000	372,000	375,000		395,000	399,000	398,000		436,000	393,000		406,000	345,000	365,000		369,000	359,000	344,000		321,000
increase in fair value of servicing rights									-68,000
net (loss) from premises and equipment
loss on prepayment of debt
net income per share									0.34	0.32	0.29	0.4	0.49	0.47	0.46				0.34
decrease in fair value of servicing rights										-108,000
(decrease) in fair value of servicing rights											-71,000
interest on loans held for sale												12,000
total other-than-temporary impairment losses on available-for-sale securities																			-381,000		-38,679,000
portion of																			-50,000		-9,268,000
net impairment losses recognized in earnings																			-431,000		-47,947,000	-16,680,000
net realized gains on available-for-sale securities												100,000	26,000	163,000	1,839,000				58,000
interest on trading securities																			1,000		2,000	23,000		19,000	10,000	33,000		27,000	16,000	3,000
income from available-for-sale and held-to-maturity securities:
(credit) benefit from loan losses													-37,000		-192,000							-173,000			-376,000
net interest income after (credit) benefit from loan losses													12,246,000		11,474,000
impairment loss on limited partnership investment															-948,000
u.s treasury preferred dividends																	729,000	372,000			373,000
net income available to common shareholders													5,989,000	5,697,000	5,541,000		4,135,000	4,497,000	4,065,000		-28,567,000	-7,334,000
interest and dividend income
provision (credit) for loan losses														31,000				76,000	207,000
net interest income after provision (credit) for loan losses														11,784,000				10,274,000
u.s. treasury preferred dividends																			373,000			309,000
interest on federal funds sold																						8,000		42,000	24,000	50,000		50,000	49,000	101,000		146,000
net impairment losses recognized in earnings and realized gains on available-for-sale securities																	388,000				-47,848,000	-16,679,000
income																	6,535,000		5,875,000
per share data:
net income per average common share - basic																	0.34	0.37			-3.17
net income per average common share - diluted																	0.34	0.37			-3.17
net impairment losses recognized in earnings and realized
gains on available-for-sale securities																		319,000
net interest margin																			10,473,000
net interest margin after provision (credit) for loan losses																			10,266,000
interest margin																					10,792,000	10,965,000		11,101,000	10,649,000	10,044,000		9,507,000	9,013,000	8,243,000		8,319,000
interest margin after benefit from loan losses																					10,158,000	11,138,000		10,960,000		9,140,000		9,507,000		8,014,000
income before income tax (credit) provision																					-42,685,000	-11,413,000
income tax (credit) provision																					-14,491,000	-4,388,000		-209,000
total other-than-temporary impairment losses on available- for-sale securities																						-24,981,000
portion of loss recognized in other comprehensive loss																						8,301,000
net income per average common share — basic																						-0.82
net income per average common share — diluted																						-0.82
total other income before net incomees on available-for-sale securities																								3,062,000	3,155,000
net incomees on available-for-sale securities																								-4,483,000	-867,000
net income — basic																								0.11	0.42	0.35		0.32		0.3		0.4
net income — diluted																								0.11	0.42	0.35		0.32		0.3		0.4
dividend per share																								0.24	0.24	0.24		0.24	0.24	0.24		0.24
number of shares used in computation — basic																								8,957,774	8,963,552	8,974,407		8,897,844		8,293,207		8,240,036
number of shares used in computation — diluted																								8,986,253	8,977,540	8,991,327		8,905,827		8,311,233		8,261,940
interest margin after (credit) benefit from loan losses																									11,025,000				9,013,000
total other income before realized gains on available-for-sale securities																										3,487,000				2,088,000
total other income before net gains on available-for-sale securities																												2,877,000	2,644,000
net gains on available-for-sale securities																												-68,000	-1,172,000
net income – basic																													0.22
net income – diluted																													0.22
number of shares used in computation – basic																													8,698,703
number of shares used in computation – diluted																													8,711,732
provision for loan losses																																191,000
interest margin after provision for loan losses																																8,128,000
fees related to credit card operation
total other income before realized gains on securities																																2,199,000
realized gains on securities																																1,602,000
other expenses
total other expenses																																7,640,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2013-06-30	2011-09-30	2011-06-30	2011-03-31	2010-09-30	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-09-30

assets
cash and due from banks:
noninterest-bearing	30,736,000	27,430,000	26,320,000	36,185,000	21,110,000	25,707,000	26,539,000	18,084,000	24,855,000	25,775,000	24,620,000	23,283,000	25,811,000	30,959,000	37,735,000	19,471,000	16,729,000	26,589,000	22,404,000	22,449,000	24,780,000	30,968,000	24,075,000	17,044,000	17,667,000	27,434,000	20,693,000	20,667,000	20,970,000	20,978,000	19,720,000	18,740,000	19,902,000	21,645,000	18,489,000	17,551,000	20,482,000	14,567,000	13,744,000	19,085,000	20,608,000	15,187,000	14,797,000	16,501,000	15,807,000	16,474,000	16,184,000	17,830,000	15,775,000	18,105,000	21,777,000	24,780,000	24,079,000	21,892,000	20,759,000		19,545,000	18,361,000
interest-bearing	24,062,000	95,660,000	73,299,000	78,553,000	105,064,000	158,506,000	73,873,000	28,364,000	32,023,000	26,883,000	27,142,000	28,929,000	29,237,000	33,085,000	31,452,000	94,875,000	88,219,000	172,406,000	186,456,000	184,696,000	77,077,000	143,510,000	53,567,000	15,634,000	17,535,000	24,009,000	18,812,000	23,335,000	16,517,000	17,363,000	31,755,000	18,120,000	12,948,000	12,998,000	14,054,000	14,558,000	13,588,000	12,869,000	27,429,000	16,691,000	35,146,000	34,205,000	44,481,000	36,724,000	67,845,000	60,700,000	31,783,000	33,449,000	38,475,000	5,923,000	1,383,000	1,422,000	13,400,000	9,769,000	1,094,000	21,855,000	4,003,000	3,012,000
total cash and due from banks	54,798,000	123,090,000	99,619,000	114,738,000	126,174,000	184,213,000	100,412,000	46,448,000	56,878,000	52,658,000	51,762,000	52,212,000	55,048,000	64,044,000	69,187,000	114,346,000	104,948,000	198,995,000	208,860,000	207,145,000	101,857,000	174,478,000	77,642,000	32,678,000	35,202,000	51,443,000	39,505,000	44,002,000	37,487,000	38,341,000	51,475,000	36,860,000	32,850,000	34,643,000	32,543,000	32,109,000	34,070,000	27,436,000	41,173,000	35,776,000
available-for-sale debt securities, at fair value	497,367,000	415,313,000	406,052,000	408,463,000	402,380,000	408,422,000	401,145,000	405,094,000	415,755,000	429,138,000	445,695,000	472,814,000	498,033,000	487,980,000	526,837,000	532,913,000	517,679,000	437,857,000	391,881,000	366,376,000	349,332,000	340,545,000	332,188,000	342,416,000	346,723,000	363,467,000	363,465,000	357,646,000	363,273,000	358,706,000	348,044,000	341,133,000
loans receivable	2,384,850,000	1,945,107,000	1,919,258,000	1,898,432,000	1,895,848,000	1,892,764,000	1,893,207,000	1,872,449,000	1,848,139,000	1,830,670,000	1,814,510,000	1,745,139,000	1,740,040,000	1,690,246,000	1,657,604,000	1,538,190,000	1,564,849,000	1,575,708,000	1,597,856,000	1,614,587,000	1,644,209,000	1,691,370,000	1,241,413,000	1,167,473,000	1,182,222,000	1,139,400,000	1,116,683,000	825,392,000	827,563,000	822,532,000	818,647,000	817,349,000	801,012,000	779,692,000	762,021,000	751,835,000	742,338,000	727,842,000	701,605,000	654,970,000	705,879,000	713,936,000	718,959,000
allowance for credit losses	-33,832,000	-23,474,000	-21,699,000	-20,172,000	-20,035,000	-20,442,000	-20,382,000	-20,023,000	-19,208,000
loans	2,351,018,000	1,921,633,000	1,897,559,000	1,878,260,000	1,875,813,000	1,872,322,000	1,872,825,000	1,852,426,000	1,828,931,000	1,812,585,000	1,795,454,000	1,726,793,000	1,723,425,000	1,674,076,000	1,643,057,000	1,523,919,000	1,551,312,000	1,563,008,000	1,585,481,000	1,602,926,000	1,632,824,000	1,680,617,000	1,230,387,000	1,156,143,000	1,172,386,000	1,130,143,000	1,108,483,000	817,136,000	818,254,000	813,717,000	809,816,000	808,300,000	792,112,000	771,057,000	753,277,000	743,362,000	733,917,000	719,913,000	693,944,000	647,772,000	697,702,000	705,667,000	710,113,000			711,996,000	720,291,000	719,347,000	723,388,000	735,687,000	748,909,000	741,377,000	720,928,000	727,082,000	737,408,000	747,114,000	687,661,000	668,348,000
bank-owned life insurance	61,609,000	52,614,000	52,138,000	51,671,000	51,214,000	50,757,000	50,301,000	49,857,000	63,674,000	31,557,000	31,504,000	31,352,000	31,214,000	31,074,000	30,941,000	30,804,000	30,669,000	30,530,000	30,391,000	30,246,000	30,096,000	29,942,000	18,843,000	18,745,000	18,641,000	18,535,000	18,430,000	18,331,000	19,035,000	18,935,000	18,835,000	20,180,000	19,985,000	19,888,000	19,794,000	19,704,000	19,608,000	19,511,000	19,418,000	21,536,000	20,761,000	22,076,000	21,944,000	21,708,000	23,029,000	22,910,000	22,681,000	22,574,000	22,448,000	22,297,000	22,119,000	21,929,000	21,737,000	21,539,000	21,336,000	21,140,000	16,533,000	19,105,000
accrued interest receivable	11,901,000	9,656,000	8,719,000	9,281,000	8,735,000	9,419,000	9,165,000	9,465,000	9,140,000	9,311,000	8,439,000	8,805,000	8,653,000	8,425,000	7,740,000	7,507,000	7,235,000	7,307,000	7,293,000	7,913,000	8,293,000	8,296,000	6,326,000	5,192,000	5,001,000	5,094,000	5,306,000	4,270,000	3,968,000	4,279,000	4,042,000	3,899,000	4,027,000	3,808,000	3,804,000	3,963,000	3,871,000	3,837,000	3,900,000	4,180,000	5,144,000	4,952,000	5,357,000	5,303,000	5,229,000	5,627,000	5,727,000	5,606,000	5,755,000	5,846,000	5,846,000	5,608,000	5,928,000	5,714,000	5,513,000	5,028,000	4,900,000	4,837,000
bank premises and equipment	27,256,000	21,055,000	21,195,000	21,304,000	21,338,000	21,537,000	21,966,000	21,852,000	21,632,000	21,267,000	20,970,000	21,277,000	21,574,000	21,881,000	21,829,000	21,169,000	20,683,000	20,526,000	20,620,000	20,740,000	21,526,000	21,504,000	18,332,000	18,023,000	17,170,000	16,038,000	16,114,000	14,663,000	14,592,000	14,824,000	15,017,000	15,482,000	15,366,000	15,510,000	15,738,000	15,397,000	15,406,000	15,339,000	15,376,000	18,109,000	19,372,000	21,844,000	22,186,000	23,076,000	23,401,000	23,872,000	24,784,000	25,118,000	25,554,000	25,909,000	26,500,000	27,079,000	27,360,000	27,796,000	28,259,000	28,531,000	23,087,000	23,518,000
foreclosed assets held for sale	181,000	402,000	402,000	199,000	181,000	181,000	181,000	456,000	478,000	633,000	459,000	459,000	275,000	454,000	505,000	531,000	684,000	1,374,000	1,332,000	1,472,000	1,338,000	2,369,000	1,593,000	1,685,000	2,886,000	2,762,000	3,305,000	1,875,000	1,703,000	2,678,000	2,897,000	1,100,000	1,650,000	2,023,000	1,878,000	2,180,000	2,321,000	2,052,000	1,584,000	890,000	1,596,000	1,665,000	707,000	530,000	863,000	669,000	1,408,000	922,000	1,057,000	298,000	312,000	202,000	196,000	258,000	386,000	215,000	388,000	276,000
deferred tax asset	18,827,000	16,759,000	17,346,000	17,194,000	19,098,000	17,047,000	18,375,000	17,703,000	17,441,000	23,731,000	20,687,000	18,914,000	20,884,000	22,327,000	16,331,000	11,818,000	5,887,000	5,128,000	3,408,000	3,530,000	2,705,000	1,335,000	93,000	684,000	2,618,000	2,292,000	2,171,000	2,696,000	4,110,000	5,122,000	4,304,000	4,120,000	4,319,000	3,942,000	4,616,000	5,117,000	1,544,000	425,000	949,000	4,631,000	7,927,000	10,099,000	12,807,000	13,096,000	20,390,000	21,957,000	31,107,000	20,291,000
goodwill	63,311,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,505,000	52,526,000	28,388,000	28,388,000	28,388,000
core deposit intangibles	10,758,000	1,762,000	1,868,000	1,974,000	2,080,000	2,177,000	2,274,000	2,372,000	2,469,000	2,571,000	2,673,000	2,775,000	2,877,000	2,987,000	3,097,000	3,206,000	3,316,000	3,450,000	3,583,000	3,717,000	3,851,000	4,059,000	1,123,000	1,185,000	1,247,000
other assets	67,314,000	49,244,000	53,472,000	53,639,000	51,135,000	52,242,000	63,973,000	63,359,000	46,681,000	47,993,000	40,632,000	41,966,000	39,819,000	34,427,000	38,689,000	31,653,000	32,730,000	34,216,000	33,709,000	37,025,000	32,831,000	34,919,000	28,290,000	22,733,000	22,137,000	19,858,000	20,786,000	16,470,000	15,357,000	15,394,000	16,500,000	13,908,000	12,133,000	14,112,000	13,234,000	13,282,000	12,212,000	12,953,000	14,099,000	12,602,000	18,285,000	17,363,000	18,469,000	27,379,000	28,128,000	34,409,000	17,475,000	22,525,000	38,266,000	32,332,000	29,275,000	26,782,000	24,404,000	20,142,000	19,435,000	19,174,000	16,997,000	15,645,000
total assets	3,164,340,000	2,664,033,000	2,610,875,000	2,609,228,000	2,610,653,000	2,670,822,000	2,593,122,000	2,521,537,000	2,515,584,000	2,483,949,000	2,470,780,000	2,429,872,000	2,454,307,000	2,400,180,000	2,410,718,000	2,330,371,000	2,327,648,000	2,354,896,000	2,339,063,000	2,333,595,000	2,239,100,000	2,352,793,000	1,745,466,000	1,629,445,000	1,654,145,000	1,642,587,000	1,609,685,000	1,290,000,000	1,290,893,000	1,285,439,000	1,284,007,000	1,258,116,000	1,259,921,000	1,243,401,000	1,233,924,000	1,242,292,000	1,245,333,000	1,231,018,000	1,216,544,000	1,228,344,000	1,312,054,000	1,309,650,000	1,316,209,000	1,308,108,000	1,338,657,000	1,347,311,000	1,283,378,000	1,297,009,000	1,304,924,000	1,281,637,000	1,288,897,000	1,287,061,000	1,280,297,000	1,283,746,000	1,195,031,000	1,224,983,000	1,120,959,000	1,125,287,000
liabilities
deposits:
total deposits	2,600,053,000	2,165,735,000	2,109,776,000	2,102,141,000	2,093,909,000	2,135,879,000	2,059,309,000	1,995,903,000	2,014,806,000	2,024,997,000	2,010,118,000	1,916,040,000	1,997,593,000	2,039,595,000	1,964,270,000	1,960,952,000	1,925,060,000	1,940,141,000	1,916,809,000	1,923,925,000	1,820,469,000	1,871,514,000	1,381,178,000	1,249,912,000	1,252,660,000	1,294,882,000	1,284,143,000	1,039,911,000	1,033,772,000	1,043,947,000	1,040,899,000	1,018,081,000	1,021,625,000	997,262,000	980,251,000	983,843,000	991,880,000	967,951,000	955,848,000	950,769,000	995,730,000	995,361,000	1,010,001,000	983,516,000	968,540,000	952,471,000	896,866,000	885,944,000	874,006,000	864,057,000	856,576,000	848,393,000	842,884,000	838,503,000	827,389,000	871,141,000	770,158,000	756,372,000
short-term borrowings	13,590,000	1,489,000	533,000	571,000	2,488,000	11,426,000	16,874,000	48,831,000	33,874,000	23,253,000	31,431,000	93,396,000	80,062,000	2,457,000	90,042,000	2,357,000	1,803,000	1,875,000	2,125,000	9,763,000	20,022,000	40,870,000	14,404,000	37,607,000	86,220,000	21,281,000	27,493,000	5,132,000	12,853,000	8,421,000	17,169,000	26,482,000	7,739,000	8,875,000	20,744,000	26,175,000	14,590,000	25,702,000	25,952,000	16,387,000	19,234,000	20,343,000	16,068,000	18,402,000	28,132,000	36,443,000	33,053,000	39,390,000	41,769,000	48,547,000	52,650,000	42,159,000	41,895,000	40,678,000	47,879,000	35,004,000	58,967,000	63,479,000
long-term borrowings - fhlb advances	139,489,000	132,894,000	143,894,000	154,423,000	165,451,000	174,617,000	185,649,000	148,824,000	138,337,000	125,276,000	115,263,000	98,701,000	62,347,000	55,463,000	36,791,000	20,581,000	28,042,000	38,680,000	44,325,000
senior notes	14,988,000	14,952,000	14,934,000	14,917,000	14,899,000	14,882,000	14,865,000	14,848,000	14,831,000	14,814,000	14,798,000	14,781,000	14,765,000	14,749,000	14,733,000	14,717,000	14,701,000	14,685,000	14,670,000
subordinated debt	24,979,000	24,919,000	24,889,000	24,860,000	24,831,000	24,802,000	24,773,000	24,745,000	24,717,000	24,689,000	24,661,000	24,634,000	24,607,000	24,580,000	24,553,000	33,031,000	33,009,000	32,988,000	32,967,000	16,534,000	16,553,000	16,572,000	6,500,000	6,500,000	6,500,000	7,000,000	7,000,000
accrued interest and other liabilities	35,677,000	30,085,000	30,492,000	30,485,000	33,791,000	31,911,000	28,431,000	26,730,000	26,638,000	30,715,000	26,392,000	26,752,000	25,608,000	24,547,000	21,710,000	22,525,000	23,628,000	27,125,000	24,034,000	32,850,000	27,692,000	24,734,000	14,689,000	11,254,000	12,186,000	18,285,000	13,060,000	9,986,000	10,985,000	10,099,000	9,706,000	9,049,000	8,288,000	9,084,000	7,191,000	7,812,000	9,722,000	8,220,000	7,742,000	8,355,000	7,856,000	7,071,000	5,747,000	6,454,000	6,490,000	6,712,000	8,600,000	11,135,000	9,230,000	7,934,000	6,053,000	7,027,000	6,580,000	5,196,000	7,829,000	7,503,000	8,779,000	5,265,000
total liabilities	2,828,776,000	2,370,074,000	2,324,518,000	2,327,397,000	2,335,369,000	2,393,517,000	2,329,901,000	2,259,881,000	2,253,203,000	2,243,744,000	2,222,663,000	2,174,304,000	2,204,982,000	2,161,391,000	2,152,099,000	2,054,163,000	2,026,243,000	2,055,494,000	2,034,930,000	2,033,539,000	1,939,344,000	2,056,477,000	1,489,675,000	1,378,217,000	1,409,693,000	1,399,648,000	1,369,969,000	1,087,873,000	1,093,525,000	1,095,452,000	1,094,828,000	1,071,734,000	1,068,908,000	1,053,542,000	1,046,574,000	1,056,284,000	1,054,730,000	1,040,488,000	1,028,234,000	1,048,983,000	1,150,844,000	1,155,957,000	1,170,156,000	1,167,026,000	1,177,162,000	1,191,827,000	1,157,325,000	1,160,451,000	1,163,778,000	1,159,611,000	1,166,823,000	1,156,587,000	1,148,583,000	1,145,965,000	1,054,648,000	1,083,490,000	991,194,000	995,556,000
commitments and contingent liabilities
stockholders' equity
preferred stock, 1,000 par value; authorized 30,000 shares; 1,000 liquidation
preference per share; no shares issued
common stock																									13,935,000	13,935,000	13,935,000	12,655,000	12,655,000	12,655,000	12,655,000	12,655,000		12,655,000	12,655,000	12,655,000	12,655,000	12,655,000	12,655,000		12,447,000	12,433,000	12,420,000	12,397,000			9,399,000		9,284,000	9,284,000	9,284,000	9,284,000	9,284,000	9,193,000	9,193,000	9,193,000	8,556,000	8,472,000
issued 18,303,120 and outstanding 17,909,958 at march 31, 2026;
issued 18,303,120 and outstanding 17,823,444 at december 31, 2025	18,303,000
paid-in capital	184,325,000	143,352,000	142,982,000	142,968,000	143,565,000	143,206,000	143,352,000	143,016,000	144,388,000	143,972,000	143,661,000	143,395,000	143,950,000	143,894,000	143,417,000	142,991,000	144,453,000	144,172,000	143,817,000	143,173,000	143,644,000	143,286,000	103,954,000	103,731,000	104,519,000	104,250,000	103,953,000	71,963,000	72,602,000	72,197,000	71,947,000	71,716,000	71,818,000	71,684,000	71,454,000	71,730,000	71,616,000	71,391,000	71,212,000	69,214,000	67,322,000	67,086,000	66,739,000	66,614,000	66,888,000	66,772,000	47,227,000	45,453,000	45,294,000	44,308,000	44,215,000	44,185,000	44,083,000	42,494,000	42,495,000	42,501,000	28,909,000	27,065,000
retained earnings	166,476,000	171,733,000	169,521,000	167,741,000	165,778,000	161,920,000	159,859,000	158,051,000	157,028,000	157,044,000	153,725,000	151,990,000	151,743,000	148,304,000	148,187,000	145,073,000	142,612,000	139,715,000	136,756,000	134,176,000	129,703,000	127,224,000	128,661,000	126,944,000	126,480,000	124,723,000	123,112,000	123,155,000	122,643,000	120,283,000	118,012,000	114,953,000	114,836,000	114,066,000	113,106,000	112,790,000	111,664,000	110,677,000	109,901,000	98,419,000	78,085,000	73,902,000	69,894,000	62,480,000	59,546,000	56,123,000	48,781,000	79,486,000	90,745,000	97,757,000	97,723,000	98,860,000	97,230,000	96,628,000	97,059,000	96,344,000	96,547,000	97,074,000
treasury stock																									-4,173,000	-4,429,000	-4,716,000	-5,005,000	-6,362,000	-6,780,000	-7,096,000	-7,404,000		-9,066,000	-9,390,000	-10,269,000	-10,762,000	-11,087,000	-10,854,000		-5,128,000	-4,714,000	-4,158,000	-4,431,000			-5,056,000		-5,626,000	-6,061,000	-5,815,000	-5,570,000	-5,350,000	-4,992,000
shares at december 31, 2025	-8,778,000
accumulated other comprehensive loss	-24,762,000	-26,026,000	-30,674,000	-32,690,000	-36,761,000	-30,064,000	-41,361,000	-40,706,000	-38,437,000	-59,826,000	-48,073,000	-42,797,000																-641,000	-4,170,000	-8,368,000	-6,339,000	-5,538,000			-475,000
total stockholders' equity	335,564,000	293,959,000	286,357,000	281,831,000	275,284,000	277,305,000	263,221,000	261,656,000	262,381,000	240,205,000	248,117,000	255,568,000	249,325,000	238,789,000	258,619,000	276,208,000	301,405,000	299,402,000	304,133,000	300,056,000	299,756,000	296,316,000	255,791,000	251,228,000	244,452,000	242,939,000	239,716,000	202,127,000	197,368,000	189,987,000	189,179,000	186,382,000	191,013,000		187,350,000	186,008,000	190,603,000	190,530,000	188,310,000	179,361,000	161,210,000	153,693,000	146,053,000	141,082,000	161,495,000	155,484,000	126,053,000	136,558,000
total liabilities & stockholders' equity	3,164,340,000	2,664,033,000	2,610,875,000	2,609,228,000	2,610,653,000	2,670,822,000	2,593,122,000	2,521,537,000	2,515,584,000	2,483,949,000	2,470,780,000	2,429,872,000	2,454,307,000	2,400,180,000	2,410,718,000	2,330,371,000	2,327,648,000	2,354,896,000	2,339,063,000	2,333,595,000	2,239,100,000	2,352,793,000	1,745,466,000	1,629,445,000	1,654,145,000	1,642,587,000	1,609,685,000	1,290,000,000	1,290,893,000	1,285,439,000	1,284,007,000	1,258,116,000	1,259,921,000		1,233,924,000	1,242,292,000	1,245,333,000	1,231,018,000	1,216,544,000	1,228,344,000	1,312,054,000	1,309,650,000	1,316,209,000	1,308,108,000	1,338,657,000	1,347,311,000	1,283,378,000	1,297,009,000
issued 16,030,172 and outstanding 15,531,700 at september 30, 2025;
issued 16,030,172 and outstanding 15,433,494 at december 31, 2024		16,030,000	16,030,000	16,030,000
shares at december 31, 2024		-11,130,000	-11,502,000	-12,218,000
										2,023,000	2,023,000	2,023,000		2,022,000	2,022,000	2,022,000	2,021,000	2,021,000	2,021,000	2,021,000	2,020,000	2,020,000	3,000
issued 16,030,172 and outstanding 15,514,943 at june 30, 2025;
issued 16,030,172 and outstanding 15,482,848 at march 31, 2025;
issued 16,030,172 and outstanding 15,433,494 at december 31, 2024;
issued 16,030,172 and outstanding 15,295,135 at december 31, 2023					16,030,000	16,030,000	16,030,000	16,030,000
shares at december 31, 2023					-13,328,000	-13,787,000	-14,659,000	-14,735,000
issued 16,030,172 and outstanding 15,414,132 at september 30, 2024;
issued 16,030,172 and outstanding 15,375,982 at june 30, 2024;
issued 16,030,172 and outstanding 15,378,065 at march 31, 2024;
issued 16,030,172 and outstanding 15,295,135 at december 31, 2023;
issued 16,030,172 and outstanding 15,518,819 at december 31, 2022									16,030,000	16,030,000	16,030,000	16,030,000
shares at december 31, 2022									-16,628,000	-17,015,000	-17,226,000	-13,050,000
allowance for credit losses on loans										-18,085,000	-19,056,000	-18,346,000
issued 16,030,172 and outstanding 15,275,686 at september 30, 2023;
interest income
interest and fees on loans:
taxable										25,529,000	24,362,000	22,431,000		20,085,000	17,927,000	18,549,000	74,549,000	18,529,000	18,075,000	19,491,000	67,384,000	19,158,000	14,126,000
tax-exempt										552,000	564,000	571,000		505,000	467,000	454,000	1,770,000	450,000	411,000	439,000	1,768,000	450,000	439,000
income from available-for-sale debt securities:
other interest and dividend income										363,000	323,000	286,000		214,000	111,000	79,000	384,000	122,000	92,000	69,000
total interest and dividend income										29,118,000	28,011,000	26,139,000		23,710,000	21,309,000	21,773,000	84,501,000	21,073,000	20,428,000	21,754,000	77,160,000	21,751,000	16,513,000
interest expense
interest on deposits										7,264,000	5,099,000	3,230,000		1,972,000	1,130,000	910,000	4,538,000	1,063,000	1,217,000	1,278,000	7,231,000	1,787,000	1,784,000
interest on short-term borrowings										677,000	1,144,000	1,097,000		179,000	122,000	1,000	23,000		7,000	15,000	367,000	73,000	64,000
interest on long-term borrowings - fhlb advances										1,164,000	1,056,000	681,000		332,000	55,000	49,000	399,000	87,000	109,000
interest on senior notes										120,000	119,000	120,000		119,000	120,000	118,000	293,000	118,000	57,000
interest on subordinated debt										230,000	231,000	230,000		229,000	257,000	363,000	1,309,000	346,000	357,000	244,000	706,000	247,000	106,000
total interest expense										9,455,000	7,649,000	5,358,000		2,831,000	1,684,000	1,441,000	6,562,000	1,614,000	1,747,000	1,671,000	9,595,000	2,469,000	2,267,000
net interest income										19,663,000	20,362,000	20,781,000		20,879,000	19,625,000	20,332,000	77,939,000	19,459,000	18,681,000	20,083,000	67,565,000	19,282,000	14,246,000
(credit) benefit from credit losses										-1,225,000		-352,000
net interest income after (credit) benefit from credit losses										20,888,000		21,133,000
noninterest income
trust revenue										1,919,000	1,804,000	1,777,000		1,744,000	1,715,000	1,786,000	7,234,000	1,821,000	1,807,000	1,626,000
brokerage and insurance revenue										394,000	365,000	430,000		696,000	566,000	522,000	1,860,000	560,000	506,000	326,000
service charges on deposit accounts										1,443,000	1,388,000	1,290,000		1,105,000	1,322,000	1,235,000	4,633,000	1,249,000	1,073,000	1,015,000	4,231,000	1,045,000	831,000
interchange revenue from debit card transactions										1,098,000	1,010,000	1,007,000		1,031,000	1,056,000	963,000	3,855,000	975,000	998,000	881,000	3,094,000	828,000	718,000
net gains from sale of loans										237,000	139,000	74,000		131,000	220,000	382,000	3,428,000	797,000	925,000	1,064,000	5,403,000	2,052,000	1,564,000
loan servicing fees										154,000	190,000	122,000		189,000	358,000	210,000	694,000	153,000	146,000	248,000	-61,000	-87,000	-158,000
increase in cash surrender value of life insurance										160,000	152,000	138,000		133,000	137,000	135,000	573,000	139,000	145,000	150,000	515,000	159,000	98,000
other noninterest income										1,084,000	1,587,000	771,000		622,000	1,456,000	588,000	3,580,000	665,000	700,000	1,472,000	3,010,000	903,000	431,000
realized gains on available-for-sale debt securities											-1,000	7,000		20,000	-1,000	2,000	24,000	23,000	2,000		169,000	25,000
total noninterest income										6,489,000	6,634,000	5,616,000		5,671,000	6,829,000	5,823,000	25,881,000	6,382,000	6,302,000	6,782,000	24,513,000	6,995,000	5,528,000
noninterest expense
salaries and employee benefits										10,878,000	10,777,000	11,427,000		10,826,000	10,265,000	10,607,000	37,603,000	9,427,000	9,499,000	8,895,000
net occupancy and equipment expense										1,268,000	1,323,000	1,402,000		1,498,000	1,308,000	1,411,000	4,984,000	1,217,000	1,219,000	1,304,000
data processing and telecommunications expense										1,823,000	1,900,000	1,936,000		1,719,000	1,720,000	1,623,000	5,903,000	1,475,000	1,487,000	1,380,000
automated teller machine and interchange expense										504,000	395,000	475,000		397,000	347,000	384,000	1,433,000	357,000	355,000	337,000	1,231,000	340,000	275,000
pennsylvania shares tax										403,000	404,000	403,000		487,000	488,000	488,000	1,951,000	482,000	490,000	491,000	1,689,000	422,000	423,000
professional fees										487,000	564,000	937,000		521,000	480,000	489,000	2,243,000	538,000	598,000	547,000	1,692,000	422,000	464,000
other noninterest expense										2,577,000	3,359,000	2,507,000		1,995,000	2,431,000	1,884,000	8,355,000	1,850,000	1,751,000	2,755,000	7,428,000	1,915,000	1,723,000
total noninterest expense										17,940,000	18,722,000	19,087,000		17,443,000	17,039,000	16,886,000	62,472,000	15,346,000	15,399,000	15,709,000	64,953,000	21,050,000	13,257,000
income before income tax provision										9,437,000	7,462,000	7,662,000		5,313,000	9,107,000	8,378,000	37,687,000	8,965,000	8,840,000	10,897,000	23,212,000	3,286,000	6,693,000
income tax provision										1,846,000	1,419,000	1,409,000		858,000	1,618,000	1,483,000	7,133,000	1,566,000	1,780,000	2,110,000	3,990,000	438,000	1,255,000
net income										7,591,000	6,043,000	6,253,000		4,455,000	7,489,000	6,895,000	30,554,000	7,399,000	7,060,000	8,787,000	19,222,000	2,848,000	5,438,000
earnings per common share - basic										500	390	400		290	480	440	1,920	470	440	550	1,300	180	390
earnings per common share - diluted										500	390	400		290	480	440	1,920	470	440	550	1,300	180	390
issued 16,030,172 and outstanding 15,268,096 at june 30, 2023;
benefit from credit losses											812,000
net interest income after benefit from credit losses											19,550,000
issued 16,030,172 and outstanding 15,485,035 at march 31, 2023;
allowance for loan losses													-16,615,000	-16,170,000	-14,547,000	-14,271,000	-13,537,000	-12,700,000	-12,375,000	-11,661,000	-11,385,000	-10,753,000	-11,026,000	-11,330,000	-9,836,000	-9,257,000	-8,200,000	-8,256,000	-9,309,000	-8,815,000	-8,831,000	-9,049,000	-8,900,000	-8,635,000	-8,744,000	-8,473,000	-8,421,000	-7,929,000	-7,661,000	-7,198,000	-8,177,000	-8,269,000	-8,846,000
issued 16,030,172 and outstanding 15,518,819 at december 31, 2022;
issued 16,030,172 and outstanding 15,759,090 at december 31, 2021													16,030,000	16,030,000	16,030,000	16,030,000
shares at december 31, 2021													-12,520,000	-12,970,000	-13,013,000	-7,708,000
accumulated other comprehensive income													-49,878,000	-56,469,000	-36,002,000	-20,178,000	5,026,000	6,405,000	9,276,000	6,959,000	11,795,000	11,609,000	11,711,000	9,474,000	3,691,000	4,460,000	3,432,000						374,000	520,000		-898,000																			-3,291,000	-1,804,000	265,000	1,300,000
issued 16,030,172 and outstanding 15,500,416 at september 30, 2022;
benefit from loan losses														3,794,000	308,000	891,000	3,661,000	1,530,000		259,000	3,913,000	1,941,000
net interest income after benefit from loan losses														17,085,000	19,317,000	19,441,000	74,278,000	17,929,000		19,824,000	63,652,000	17,341,000
issued 16,030,172 and outstanding 15,499,214 at june 30, 2022;
issued 16,030,172 and outstanding 15,718,723 at march 31, 2022;
issued 16,030,172 and outstanding 15,759,090 at december 31, 2021;
issued 15,982,815 and outstanding 15,911,984 at december 31, 2020																	16,030,000	16,030,000	16,030,000	16,013,000
shares at december 31, 2020																	-6,716,000	-6,920,000	-1,746,000	-265,000
sub-total																	25,857,000	6,359,000	6,300,000		24,344,000	6,970,000	5,528,000														185,173,000	183,636,000	182,914,000	176,681,000	152,726,000	148,707,000	144,895,000	136,920,000	160,062,000	156,452,000	125,996,000	154,473,000	165,215,000	145,240,000	145,336,000	146,664,000	145,125,000	144,838,000
loss on prepayment of borrowings																					1,636,000
merger-related expenses																					7,708,000	6,402,000	983,000
issued 16,030,172 and outstanding 15,750,250 at september 30, 2021;
issued 16,030,172 and outstanding 15,957,512 at june 30, 2021;
provision (credit) for loan losses																			744,000
net interest income after provision (credit) for loan losses																			17,937,000
long-term borrowings																				50,467,000	54,608,000	102,787,000	72,904,000	72,944,000	52,127,000	58,200,000	38,273,000	32,844,000	35,915,000	32,985,000	27,054,000	18,122,000	31,256,000	38,321,000	38,388,000	38,454,000	38,538,000	38,615,000	38,692,000	73,472,000	128,024,000	133,182,000	138,340,000	158,654,000	173,831,000	196,032,000	216,451,000	221,658,000	236,453,000	236,926,000	249,395,000	256,860,000	255,073,000	259,454,000	169,417,000	167,704,000	151,302,000	168,470,000
issued 16,013,279 and outstanding 15,999,814 at march 31, 2021;
interest on long-term borrowings																				134,000	1,291,000	362,000	313,000
marketable equity security																					1,000,000	1,003,000	1,003,000	994,000	979,000	983,000	976,000	962,000	950,000	941,000	948,000	956,000
loans held for sale																					942,000	1,200,000	1,258,000	579,000	767,000	2,033,000	1,131,000		213,000	551,000	177,000	225,000	437,000	1,708,000	163,000	142,000	621,000	381,000	526,000	725,000	1,218,000	167,000	135,000
issued 15,982,815 and outstanding 15,911,984 at december 31, 2020;
issued 13,934,996 and outstanding 13,716,445 at december 31, 2019																					15,983,000	15,983,000	13,935,000
shares at december 31, 2019																					-1,369,000	-1,786,000	-2,470,000	-2,856,000
interest on mortgages held for sale																					62,000	26,000	15,000
interest on balances with depository institutions																					251,000	69,000	41,000
dividends on marketable equity security																					18,000	4,000	5,000
trust and financial management revenue																					6,321,000	1,595,000	1,565,000
brokerage revenue																					1,343,000	351,000	343,000
insurance commissions, fees and premiums																					184,000	41,000	52,000
service charges and fees																					304,000	83,000	84,000
salaries and wages																					25,599,000	6,833,000	5,364,000
pensions and other employee benefits																					7,463,000	1,870,000	1,619,000
occupancy expense																					3,010,000	806,000	664,000
furniture and equipment expense																					1,451,000	383,000	311,000
data processing expenses																					4,453,000	1,251,000	1,040,000
telecommunications																					863,000	231,000	213,000
directors' fees																					730,000	175,000	178,000
issued 15,982,815 and outstanding 15,890,353 at september 30, 2020;
issued 13,934,996 and outstanding 13,807,157 at june 30, 2020;
(credit) benefit from loan losses																							-176,000
net interest income after (credit) benefit from loan losses																							14,422,000
issued 13,934,996 and outstanding 13,787,160 at march 31, 2020;
issued 13,934,996 and outstanding 13,716,445 at december 31, 2019;																								13,935,000
preferred stock, 1,000 par value; authorized 30,000 shares; 1,000 liquidation preference per share; no shares issued
goodwill and other intangibles																										29,939,000	30,013,000
intangible assets - goodwill and core deposit intangibles																												11,949,000	11,951,000	11,951,000	11,952,000	11,953,000	11,956,000		11,958,000	11,959,000
available-for-sale securities, at fair value																																	365,086,000	364,753,000	376,919,000	395,077,000	409,800,000	417,205,000	413,606,000	470,068,000	472,113,000									419,688,000
issued 12,655,171; outstanding 12,197,527 at september 30, 2017 and
12,113,228 december 31, 2016																																	12,655,000
shares at december 31, 2016																																	-8,670,000
intangible assets – goodwill and core deposit intangibles																																		11,957,000
stockholders’ equity
total stockholders’ equity																																		189,859,000															141,146,000	122,026,000	122,074,000	130,474,000	131,714,000	137,781,000	140,383,000	141,493,000	129,765,000	129,731,000
total liabilities & stockholders’ equity																																		1,243,401,000															1,304,924,000	1,281,637,000	1,288,897,000	1,287,061,000	1,280,297,000	1,283,746,000	1,195,031,000	1,224,983,000	1,120,959,000	1,125,287,000
3
intangible asset - core deposit intangibles																																					21,000	24,000	27,000	113,000	240,000	269,000	297,000	370,000	414,000	458,000	583,000	665,000
intangible asset - goodwill																																					11,942,000	11,942,000	11,942,000	11,942,000	11,942,000	11,942,000	11,942,000	11,942,000		11,942,000	11,942,000	11,942,000
preferred stock, 1,000 par value; authorized 30,000 shares; 1,000 liquidation preference per share; no shares issued at september 30, 2016 and december 31, 2015
accumulated other comprehensive income:
unrealized gain on available-for-sale securities																																					5,388,000	6,849,000	5,347,000
defined benefit plans gain																																					42,000	45,000	49,000
total accumulated other comprehensive income																																					5,430,000	6,894,000	5,396,000	2,680,000	8,484,000	4,986,000	1,158,000	4,162,000	1,433,000		57,000							-7,057,000
preferred stock, 1,000 par value; authorized 30,000 shares; 1,000 liquidation preference per share; no shares issued at june 30, 2016 and december 31, 2015
preferred stock, 1,000 par value; authorized 30,000 shares; 1,000 liquidation preference per share; no shares issued at march 31, 2016 and december 31, 2015
preferred stock, 1,000 par value; authorized 30,000 shares; 1,000 liquidation preference
per share; no shares issued at june 30, 2013 and december 31, 2012
2012; issued 12,561,677 at june 30, 2013 and 12,525,411 at december 31, 2012																																								12,561,000
and 251,376 shares at december 31, 2012																																								-3,513,000
unrealized gains on available-for-sale securities																																								2,832,000	8,787,000	5,299,000	1,478,000	4,393,000	1,684,000									-6,654,000
defined benefit plans																																								-152,000	-303,000	-313,000	-320,000	-231,000	-251,000	-250,000	-346,000	-355,000	-253,000	-94,000	-113,000	-394,000	-399,000	-403,000
total cash and cash equivalents																																									55,754,000	49,392,000	59,278,000	53,225,000	83,652,000	77,174,000	47,967,000	51,279,000	54,250,000	24,028,000	23,160,000	26,202,000	37,479,000	31,661,000	21,853,000	42,814,000	23,548,000	21,373,000
preferred stock, 1,000 par value; authorized 30,000 shares; 1,000 liquidation preference per share; no shares issued at september 30, 2011 and december 31, 2010
available-for-sale securities																																										464,214,000	452,974,000	433,392,000	426,246,000	436,297,000	399,112,000	415,791,000	418,428,000		417,761,000	422,589,000	423,235,000	432,755,000	344,310,000	344,283,000	342,780,000	368,481,000
trading securities																																																547,000	2,685,000	2,306,000	1,630,000	1,770,000	5,350,000	2,980,000	2,515,000	2,514,000	1,528,000
held-to-maturity securities																																															301,000	402,000	405,000		407,000	407,000	408,000	409,000	410,000	412,000	413,000	417,000
loans, net of allowance for loan losses of8,602,000 at september 30, 2010 and 8,265,000 at december 31, 2009																																												718,087,000
dividends payable																																													169,000	169,000	2,355,000	2,324,000	2,320,000	2,147,000	2,149,000	2,148,000	2,151,000	2,134,000	2,134,000	2,138,000	1,988,000	1,970,000
preferred stock, 1,000 par value; authorized 30,000 shares; 1,000 liquidation preference per share; no shares issued at september 30, 2010 and 26,440 shares issued at december 31, 2009
unamortized stock compensation																																												-140,000	-158,000	-179,000	-61,000	-83,000	-104,000	-48,000	-71,000	-95,000	-122,000	-56,000	-81,000	-106,000	-131,000	-19,000
loans, net of allowance for loan losses of 8,461,000 at june 30, 2010
and 8,265,000 at december 31, 2009																																													715,363,000
intangible asset – goodwill																																													11,942,000											12,067,000
preference per share; 26,440 shares issued at june 30, 2010 and
december 31, 2009																																													25,833,000	25,791,000
2009; issued 12,384,285 at june 30, 2010 and 12,374,481 at december 31, 2009																																													12,384,000
and 262,780 shares at december 31, 2009																																													-4,431,000	-4,429,000
consolidated balance sheet
preference per share; 26,440 shares issued at march 31, 2010 and
2009; issued 12,374,481 at march 31, 2010 and december 31, 2009																																														12,374,000
accumulated other comprehensive loss:
unrealized losses on available-for-sale securities																																														-718,000			-23,816,000	-23,120,000	-23,149,000	-15,796,000	-13,012,000
total accumulated other comprehensive loss																																														-968,000		-17,915,000	-24,069,000	-23,214,000	-23,262,000	-16,190,000	-13,411,000
preferred stock, 1,000 par value; authorized 30,000 shares; 1,000 liquidation preference per share; 26,440 shares issued at september 30, 2009 and no shares issued at december 31, 2008																																															25,706,000
unrealized gains																																															403,000
preference per share; 26,440 shares issued at june 30, 2009 and																																																25,664,000
no shares issued at december 31, 2008
in 2009 and 2008; issued 9,284,148 in 2009 and 2008																																																9,284,000
and 348,041 shares at december 31, 2008																																																-5,331,000
unrealized losses on available-for-sale securities (including 6,665 at
june 30, 2009 for which a portion of an other-than-temporary impairment
loss has been recognized in earnings)																																																-17,560,000
intangible asset — core deposit intangibles																																																	746,000	826,000	964,000	1,102,000	1,240,000	1,378,000		1,691,000
intangible asset — goodwill																																																	11,942,000	12,014,000	12,014,000	12,014,000	12,032,000	12,032,000	12,072,000		2,809,000	2,919,000
preferred stock, 1,000 par value; authorized 30,000 shares; 1,000 liquidation preference per share; 26,440 shares issued at march 31, 2009 and no shares issued at december 31, 2008																																																	25,622,000
held-to-maturity securities, at amortized cost																																																		406,000
preferred stock, 1,000 par value; authorized 30,000 shares; 1,000 liquidation preference per share; no shares issued at december 31, 2008 and 2007
stock dividend distributable																																																						1,571,000
intangible asset — core deposit intangible																																																							1,534,000		315,000	368,000
total																																																							148,747,000	148,038,000	134,012,000	132,611,000
303,058 shares at september 30, 2007																																																							-4,992,000
262,598 shares at december 31, 2006
non-interest-bearing																																																								20,959,000
284,518 shares at june 30, 2007																																																								-4,635,000
272,573 shares at march 31, 2007																																																									-4,381,000
263,518 shares at september 30, 2006																																																										-4,161,000
168,627 shares at december 31, 2005

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-03-31	2008-03-31	2007-03-31	2006-09-30

cash flows from operating activities:
net income	273,000	6,551,000	6,117,000	6,293,000	8,174,000	6,365,000	6,113,000	5,306,000	4,261,000	7,591,000	6,043,000	6,253,000	7,779,000	4,455,000	7,489,000	6,895,000	7,308,000	7,399,000	7,060,000	8,787,000	6,770,000	4,166,000	5,090,000	4,375,000	3,434,000	3,573,000	5,989,000	5,697,000	5,541,000	4,884,000	4,864,000	4,869,000	4,438,000	-7,025,000	3,116,000	2,458,000	9,292,000
adjustments to reconcile net income to net cash from operating activities:
provision for credit losses	13,602,000	2,163,000
realized gains on available-for-sale debt securities	-26,000									0	1,000	-7,000	1,000	-20,000	1,000	-2,000	1,000	-23,000			-144,000
net amortization of securities	331,000	346,000	350,000	360,000	376,000	407,000	428,000	434,000	506,000	518,000	508,000	530,000	586,000	780,000	680,000	714,000	650,000	533,000	533,000	488,000
increase in cash surrender value of life insurance	-515,000	-477,000	-466,000	-457,000	-458,000	-458,000	-444,000	-470,000	-2,253,000	-160,000	-152,000	-138,000	-140,000	-133,000	-137,000	-135,000	-139,000	-139,000	-145,000	-150,000	-154,000	-104,000	-92,000	-97,000	-90,000	-96,000	-127,000	-132,000	-122,000	-114,000	-121,000	-119,000	-112,000	-151,000	-198,000	-145,000	-463,000
depreciation and amortization of bank premises and equipment	687,000	561,000	562,000	553,000	551,000	578,000	545,000	509,000	518,000	529,000	534,000	570,000	609,000	767,000	506,000	507,000	528,000	521,000	528,000	553,000	552,000	447,000
net amortization of acquisition accounting adjustments	50,000
stock-based compensation	313,000	337,000	331,000	325,000	395,000	383,000	390,000	326,000	457,000	320,000	318,000	377,000	91,000	388,000	413,000	368,000	244,000	345,000	284,000	341,000	378,000	194,000				162,000	35,000	159,000	192,000	17,000	18,000	19,000	13,000	190,000	142,000	103,000
deferred income taxes	-658,000	-723,000	-723,000	759,000	-166,000	-1,182,000	-495,000	339,000	601,000	82,000	-373,000	526,000	-307,000	-554,000	-309,000	770,000	-392,000	-955,000	-496,000	462,000	-1,010,000	397,000	476,000	166,000	273,000	622,000	374,000	736,000	1,826,000	11,000	5,920,000	312,000	128,000	-5,615,000
decrease in fair value of servicing rights	172,000	99,000				129,000	68,000	-25,000	64,000	41,000	12,000	83,000	2,000				59,000				-41,000	126,000			30,000	71,000
net gains from sale of loans	-370,000	-408,000	-312,000	-205,000	-372,000	-360,000
origination of loans held for sale	-14,962,000	-13,559,000	-12,276,000	-5,499,000	-10,771,000	-13,241,000	-8,166,000	-5,663,000	-10,062,000	-8,016,000	-4,059,000	-2,493,000	-1,228,000	-2,477,000	-7,774,000	-14,752,000	-19,095,000	-25,838,000	-28,112,000	-32,478,000	-35,362,000	-10,414,000	-2,259,000
proceeds from sales of loans held for sale	13,170,000	15,976,000	10,048,000	6,665,000	12,037,000	11,740,000	7,262,000	5,771,000	10,765,000	7,573,000	4,503,000	2,265,000	884,000	4,630,000	8,461,000	13,661,000	20,314,000	26,616,000	30,140,000	30,727,000	36,881,000	10,842,000	2,539,000
increase in accrued interest receivable and other assets	-1,073,000		2,783,000	-2,871,000	182,000	-2,896,000	973,000	-1,273,000		-824,000	500,000	-851,000				-963,000				-2,190,000	-1,451,000	-1,886,000	-649,000		-171,000	-759,000							-164,000	-1,050,000	-2,123,000	-1,712,000	-2,302,000
decrease in accrued interest payable and other liabilities	-2,363,000			-4,648,000										634,000								-799,000	-2,217,000	-482,000	-461,000							-221,000	-32,000
other	23,000	37,000	48,000	27,000	70,000	18,000	48,000	58,000	-88,000	9,000	51,000	-38,000	-86,000	68,000	-1,000	81,000	-109,000	37,000	-35,000	-20,000	79,000	-67,000	48,000	-29,000	34,000
net cash from operating activities	8,654,000	11,328,000	8,513,000	1,583,000	12,075,000	6,598,000	8,633,000	5,729,000	7,747,000	8,458,000	7,794,000	9,549,000	8,058,000	12,524,000	8,369,000	5,648,000	9,709,000	9,724,000	9,698,000	5,713,000	10,184,000		2,820,000	6,330,000	4,175,000	3,737,000	4,501,000	9,850,000	12,951,000	8,025,000	10,893,000	9,820,000	6,308,000	2,197,000	1,474,000	1,106,000	6,475,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows	8,654,000	11,328,000	8,513,000	1,583,000	12,075,000	6,598,000	8,633,000	5,729,000	7,747,000	8,458,000	7,794,000	9,549,000	8,058,000	12,524,000	8,369,000	5,648,000	9,709,000	9,724,000	9,698,000	5,713,000	10,184,000		2,820,000	6,330,000	4,175,000	3,737,000	4,501,000	9,850,000	12,951,000	8,025,000	10,893,000	9,820,000	6,308,000	2,197,000	1,474,000	1,106,000	6,475,000
cash flows from investing activities:
proceeds from calls and maturities of available-for-sale debt securities	15,943,000	14,602,000	13,591,000	7,306,000	10,454,000	10,560,000	10,721,000	7,453,000	8,115,000	8,935,000	18,249,000	17,024,000	8,410,000	20,197,000	11,320,000	18,746,000	13,422,000	15,145,000	16,024,000	17,093,000	23,477,000	17,451,000
purchase of available-for-sale debt securities	-7,877,000	-18,230,000	-8,921,000	-8,580,000	-14,272,000	-3,504,000			-15,199,000	-6,215,000	0	-2,000,000	-9,114,000	-11,940,000	-29,712,000	-62,949,000	-98,480,000	-65,196,000	-45,755,000	-34,494,000	-39,501,000	-12,993,000
redemption of federal home loan bank of pittsburgh stock	3,854,000	650,000	602,000	344,000	1,015,000	750,000	2,537,000	2,704,000	3,131,000	6,528,000	9,341,000	3,634,000	839,000	6,002,000	4,426,000	337,000	583,000	567,000	783,000	584,000	2,784,000	3,660,000	2,308,000	2,990,000	2,491,000	2,297,000	368,000	388,000	408,000						1,164,000	1,182,000	3,289,000
purchase of federal home loan bank of pittsburgh stock	-5,187,000	-604,000	-160,000	-160,000	-62,000	-257,000	-2,735,000	-3,756,000	-3,775,000	-6,328,000	-8,115,000	-5,462,000	-4,450,000	-3,116,000	-8,611,000	-282,000	-496,000	-617,000	-524,000	-473,000	-575,000	-2,735,000	-1,753,000	-1,706,000	-2,130,000	-901,000								-4,000	-283,000	-312,000	-1,597,000
purchase of federal reserve bank stock	-48,000	-10,000	-10,000	-12,000	-11,000	-12,000	-10,000	-14,000	-9,000
net increase in loans	-40,565,000	-25,831,000	-21,445,000	-2,563,000	-2,945,000	-632,000	-20,807,000	-24,313,000		-16,273,000														-1,805,000	-10,580,000					-4,715,000	-2,413,000					-8,779,000	-24,551,000
purchase of premises and equipment	-188,000	-426,000	-485,000	-542,000	-352,000	-150,000	-660,000	-744,000	-884,000	-830,000	-275,000	-276,000	-302,000	-825,000	-1,168,000	-993,000	-691,000	-432,000	-502,000	-239,000	-587,000	-1,300,000	-496,000	-467,000	-745,000	-378,000	-400,000	-180,000	-86,000	-112,000	-260,000	-107,000	-228,000	-368,000	-283,000	-600,000	-3,220,000
net cash from investing activities	-34,036,000	-29,115,000	-16,543,000	-4,166,000	-5,922,000	22,049,000	-18,442,000	-18,623,000	-12,846,000	-18,967,000	-47,895,000	26,506,000	-54,440,000	-19,710,000	-142,418,000	-18,120,000	-74,245,000	-28,683,000	-12,976,000	12,009,000	42,632,000		12,537,000	10,590,000	8,031,000	14,541,000	9,769,000	-2,165,000	8,261,000	-24,356,000	-3,209,000	12,329,000	-42,641,000	700,000	5,671,000	5,962,000	32,300,000
cash flows from financing activities:
net increase in deposits	35,374,000	55,959,000	7,635,000	8,232,000	-41,970,000	76,570,000			-10,191,000	14,880,000	94,081,000	-81,536,000	-41,978,000	75,358,000	3,357,000	35,952,000	-15,005,000	23,472,000	-6,879,000	103,793,000	-50,602,000	-2,789,000	6,139,000	9,632,000	-3,592,000	20,233,000	364,000	-14,644,000	5,648,000	20,826,000	14,965,000	16,069,000	25,677,000	9,913,000	4,372,000	9,809,000	-693,000
net decrease in short-term borrowings	-15,028,000	956,000				-5,448,000											-72,000	-250,000	-7,621,000	-10,211,000	-20,756,000	-48,619,000	-7,721,000	-35,284,000	-5,431,000				-2,345,000
proceeds from long-term borrowings - fhlb advances	27,054,000				0	0	42,862,000	16,524,000	15,387,000	10,049,000	16,597,000	43,403,000	10,959,000	18,751,000
repayments of long-term borrowings - fhlb advances	-8,500,000	-11,000,000	-10,529,000	-11,028,000	-9,166,000	-11,028,000	-6,028,000	-6,027,000	-2,317,000	-26,000	-26,000	-7,026,000	-4,025,000	-25,000	-4,025,000	-7,380,000	-10,524,000	-5,524,000
purchases of treasury stock	-180,000	0	0	-208,000	26,000	-60,000	-383,000	-212,000	-65,000	-219,000	-4,635,000	-1,865,000	0	-268,000	-5,701,000	-3,380,000	-174,000	-5,724,000
common dividends paid	-4,596,000	-3,907,000	-3,907,000	-3,932,000	-3,894,000	-3,880,000	-3,880,000	-3,876,000	-3,866,000	-3,851,000	-3,901,000	-3,951,000	-3,944,000	-3,938,000	-3,966,000	-4,017,000	-3,996,000	-4,015,000	-4,053,000	-3,912,000	-3,901,000	-3,328,000	-4,062,000	-2,928,000	-2,736,000	-2,789,000	-1,610,000	-1,502,000	-1,401,000	-1,289,000	-1,074,000	-965,000	-969,000	-1,803,000
net cash from financing activities	34,124,000	42,008,000	-6,839,000	-8,853,000	-63,942,000	56,154,000	64,023,000	2,464,000	9,569,000	12,655,000	40,151,000	-37,641,000	38,636,000	2,293,000	89,140,000	21,870,000	-29,771,000	8,094,000	4,993,000	85,566,000	-124,947,000		-8,742,000	-19,584,000	-11,772,000	-13,166,000	-7,908,000	-17,571,000	-8,235,000	9,407,000	-38,111,000	-15,671,000	21,442,000	27,325,000	-1,327,000	-10,679,000	-43,848,000
increase in cash and cash equivalents	8,742,000	24,221,000			-57,789,000	84,801,000			4,470,000			-1,586,000	-7,746,000	-4,893,000	-44,909,000	9,398,000	-94,307,000	-10,865,000	1,715,000	103,288,000	-72,131,000	-2,524,000	6,615,000	-2,664,000	434,000	5,112,000	6,362,000	-9,886,000	12,977,000	-6,924,000	-30,427,000	6,478,000	-14,891,000	30,222,000	5,818,000		-5,073,000
cash and cash equivalents, beginning of period	44,706,000	0	0	123,574,000	0	0	0	52,778,000	0	0	0	47,698,000		0	0	95,848,000		0	0	96,017,000		31,122,000
cash and cash equivalents, end of period	53,448,000	24,221,000	-14,869,000	112,138,000	-57,789,000	84,801,000	54,214,000	42,348,000	4,470,000	2,146,000	50,000	46,112,000		-4,893,000	-44,909,000	105,246,000		-10,865,000	1,715,000	199,305,000		28,598,000		34,340,000	29,055,000	38,425,000	6,362,000	-9,886,000	59,278,000		-30,427,000	6,478,000	77,174,000	54,250,000	37,479,000	23,548,000	21,373,000
supplemental disclosures of cash flow information:
increase in accrued purchase of available-for-sale debt securities	1,653,000								-1,546,000			-2,000,000				3,770,000			-6,213,000	6,245,000
assets acquired through foreclosure of real estate loans		0	213,000	18,000					33,000	206,000	0	184,000		0					0	134,000			399,000	72,000	216,000	370,000	290,000	1,212,000	189,000		210,000	379,000	55,000	945,000	163,000	189,000
leased assets obtained in exchange for new operating lease liabilities		0	0	1,126,000	0	0								0							0
interest paid	12,076,000	11,138,000	12,333,000	11,282,000	13,429,000	12,735,000	11,737,000	10,662,000	10,544,000	9,013,000	7,543,000	4,836,000		2,419,000	2,194,000	1,116,000			2,315,000	2,193,000	3,107,000	2,650,000	1,377,000	978,000	951,000	905,000	3,123,000	3,645,000	4,049,000		4,714,000	5,226,000	5,340,000	6,503,000	8,731,000	8,078,000
income taxes paid	51,000	1,715,000	571,000	4,262,000	0	2,123,000	2,670,000	46,000	1,716,000	1,860,000	2,743,000	64,000		1,559,000	2,230,000	46,000			5,723,000	47,000	162,000	42,000	50,000	125,000	200,000	225,000	1,900,000	396,000	4,000			148,000	28,000		362,000	10,000
net accretion of acquisition accounting adjustment
decrease in accrued interest receivable and other assets													-1,970,000	589,000			-109,000										-1,862,000
increase in accrued interest payable and other liabilities					2,652,000	3,977,000	1,653,000	-290,000	-427,000	2,297,000	-691,000	2,982,000				-1,663,000			-2,287,000	891,000	3,329,000					-289,000	773,000			-64,000				-950,000	1,055,000	567,000	1,165,000
proceeds from maturities of certificates of deposit		750,000			250,000	1,000,000			250,000	1,250,000	500,000	1,250,000	1,250,000	500,000							490,000		100,000	820,000	100,000	100,000
proceeds from bank-owned life insurance					1,000																									0
proceeds from sale of foreclosed assets		0			0	0	271,000	22,000	205,000				296,000	61,000	151,000	139,000	845,000	125,000			915,000	1,253,000	176,000	603,000	469,000		410,000			69,000	692,000	187,000	221,000	187,000	259,000	75,000	603,000
net accretion of purchase accounting adjustments			-36,000	-24,000	-56,000	-69,000	-72,000	-56,000	-90,000	-40,000	-74,000	-84,000	-164,000	-290,000	-387,000	-340,000	-297,000	-430,000	-579,000	-818,000
increase in accrued interest and other liabilities
increase in other assets from surrender of bank-owned life insurance							0	14,289,000
benefit from credit losses				236,000
decrease (increase) in fair value of servicing rights				69,000																			77,000
net increase in short-term borrowings				-1,917,000				14,957,000	10,621,000	-8,178,000	-61,965,000	13,334,000	77,605,000	-87,585,000	87,685,000	554,000										-27,544,000	-1,109,000							-6,778,000	1,217,000	9,709,000	28,745,000
decrease in cash and cash equivalents				-11,436,000				-10,430,000																												-3,611,000
realized losses (gains) on available-for-sale debt securities
purchase of certificates of deposit													0				-1,500,000	-1,000,000	-750,000	-1,250,000	0			-100,000	-100,000
proceeds from sales of available-for-sale debt securities									42,462,000	0	1,699,000	16,658,000	0				0	1,606,000			8,406,000	6,722,000
purchase of bank-owned life insurance
redemption of subordinated debt													0	0			0	0
sale of treasury stock													19,000	0	0	141,000	0	135,000	0	77,000	7,000	124,000	162,000	63,000	53,000	34,000	0	13,000	3,000					13,000		75,000	76,000
provision (credit) for credit losses								954,000
decrease in accrued purchase of available-for-sale debt securities
gains on sales of loans								-191,000	-273,000	-237,000	-139,000	-74,000	-24,000	-131,000	-220,000	-382,000	-642,000	-797,000	-925,000	-1,064,000	-1,472,000	-315,000	-87,000	-184,000	-166,000	-168,000
net decrease in deposits								-18,902,000
realized losses on available-for-sale debt securities
net decrease in loans												-4,392,000	-51,411,000	-34,500,000	-119,099,000	26,807,000	10,728,000			29,936,000		15,179,000				2,313,000			11,207,000				1,054,000	11,586,000
proceeds from sales of premises and equipment																	52,000	0	80,000	495,000																	222,000
proceeds from issuance of senior notes, net of issuance costs																	0	0
proceeds from issuance of subordinated debt, net of issuance costs																	0	0
(credit) provision for credit losses												-352,000
proceeds from bank owned life insurance																	0	0	0	287,000			796,000
provision for loan losses													2,262,000	3,794,000			1,128,000																				491,000
loss on prepayment of borrowings
net cash and cash equivalents from business combination
cash and cash equivalents, beginning of year																							32,827,000	37,004,000	28,621,000	33,313,000	0	0	46,301,000	0	0	0	92,065,000	24,028,000	31,661,000	27,159,000	26,446,000
cash and cash equivalents, end of year																							39,442,000
increase in fair value of servicing rights															-150,000	-2,000			39,000	-75,000				-20,000
benefit from loan losses																891,000			744,000	259,000	620,000			292,000	452,000	368,000				719,000					904,000	229,000
accrued purchase of certificates of deposit																				750,000
decrease (increase) in accrued interest receivable and other assets																								757,000					1,396,000	6,081,000	172,000
net decrease (increase) in loans																							1,681,000				7,726,000								5,144,000
proceeds from long-term borrowings																					0	25,891,000	5,000,000	9,000,000											10,000,000
repayments of long-term borrowings																				-4,024,000		-5,074,000	-8,071,000	-67,000	-66,000	-75,000	-5,158,000	-5,158,000	-10,155,000	-10,154,000	-15,153,000	-22,151,000	-149,000	-415,000	-14,325,000	-27,880,000	-63,735,000
purchase of vested restricted stock for tax withholding																				-157,000
net cash from business combination																					0
repayments of long-term borrowings and subordinated debt																					-49,695,000
right-of-use assets recognized at adoption of asu 2016-02
accrued purchase of available-for-sale securities
accrued income from life insurance claim																					0
accretion and amortization on securities																						367,000	209,000	268,000	314,000	297,000	292,000	307,000	446,000	493,000	467,000	664,000	609,000	-50,000	119,000
other accretion and amortization																						-355,000
purchase of vested restricted stock																						-163,000
accrued purchase of available-for-sale debt securities
accrued sale of available-for-sale securities
provision (credit) for loan losses																						1,528,000										76,000	207,000
net cash provided by operating activities																						4,127,000
net cash provided by investing activities																						27,307,000
net cash used in financing activities																						-33,958,000
gain on restricted equity security
increase in cash surrender value of bank-owned life insurance
proceeds from sale of restricted equity security
realized (gains) losses on available-for-sale debt securities
unrealized (gain) loss on marketable equity security																							-12,000
depreciation and amortization expense																							425,000
stock-based compensation and other income																							229,000	183,000	168,000
accrued sale of restricted equity security
(credit) benefit from loan losses																							-957,000				-37,000	31,000	-192,000					-173,000
supplemental disclosures:
proceeds from calls and maturities of available-for-sale securities																							18,613,000	10,516,000	12,771,000	17,318,000	25,759,000	27,273,000	26,781,000	26,305,000	51,359,000	41,337,000	44,617,000	14,224,000	18,431,000	8,557,000	26,200,000
purchase of available-for-sale securities																							-8,934,000	-312,000	-8,147,000	-14,852,000	-28,700,000	-33,558,000	-46,069,000	-47,939,000	-60,061,000	-61,224,000	-97,858,000	-31,369,000	-25,463,000	-10,871,000	-62,052,000
repurchase of restricted stock for tax withholding																							-189,000
accrued purchase of available-for-sale debt security																								507,000
realized losses (gains) on available-for-sale securities																																			110,000
unrealized loss on marketable equity security																								15,000
proceeds from sales of available-for-sale securities																									13,856,000	8,695,000	81,000	665,000	15,950,000	1,587,000	6,006,000	36,382,000	9,140,000	6,430,000	6,692,000	16,709,000	93,402,000
origination of loans for sale																								-5,327,000	-5,558,000	-4,975,000
proceeds from sales of loans																								6,001,000	5,657,000	4,861,000
depreciation expense																								412,000	404,000	408,000	526,000	522,000	536,000	552,000	578,000	597,000	612,000	713,000	719,000	642,000	1,942,000
realized gains on available-for-sale securities																									-145,000	-383,000	-26,000	-163,000	-1,839,000							-1,161,000
purchase of treasury stock																										-3,070,000	-412,000								-440,000	-404,000	-2,274,000
tax benefit from compensation plans																										45,000	17,000	16,000	15,000	13,000	11,000			92,000			7,000
accrued redemption of bank-owned life insurance policy																										1,442,000
loss on prepayment of debt
realized gain on foreclosed assets
(gain) loss on disposition of premises and equipment																														-3,000	7,000	-19,000	-430,000
accretion and amortization on loans and deposits																										-4,000
gain on life insurance benefits
amortization of core deposit intangibles																										3,000	29,000	28,000	29,000	44,000	44,000	44,000	44,000	80,000	138,000
proceeds from disposition of premises and equipment																														3,000	0	0	100,000
return of principal on limited liability entity investments																										49,000	23,000				26,000	10,000	13,000
loss on disposition of premises and equipment																																		10,000
realized loss on foreclosed assets																										46,000
purchase of certificate of deposit																										-100,000
gain on disposition of premises and equipment
loss on sale of foreclosed assets																												24,000	19,000
amortization of mortgage servicing rights																											19,000	16,000	13,000
proceeds from disposition of equipment
purchase of investment in limited liability entity																											0
gain on sale of foreclosed assets																																	38,000	-1,000	-34,000	-10,000	-35,000
accretion and amortization on loans, deposits and borrowings																											-9,000	-10,000	-8,000	-83,000	-53,000	-50,000	-76,000	-81,000	-104,000
impairment loss on limited partnership interest																											0
gains on sales of mortgage loans																											-263,000	-155,000	-259,000
origination of mortgage loans for sale																											-6,713,000	-3,924,000	-4,529,000	-11,492,000	-6,398,000	-7,224,000	-5,606,000
proceeds from sales of mortgage loans																											5,876,000	4,009,000	9,798,000	7,572,000	5,728,000	7,658,000	5,652,000
net decrease in trading securities																															0
proceeds from maturity of held-to-maturity securities																														0	0	0	300,000	1,000	1,000	1,000	4,000
redemption of us treasury preferred stock and warrant																														0
us treasury preferred dividends paid																														0	-290,000	-331,000	-331,000	-106,000
impairment loss on limited partnership investment																													948,000
(decrease) in accrued interest payable and other liabilities																													-844,000
return of principal on limited partnership investment																													70,000					13,000	9,000
realized (gains) losses on available-for-sale securities																														-64,000	-388,000	-319,000	-58,000
net decrease (increase) in trading securities																																	1,045,000
issuance of us treasury preferred stock and warrant																																		26,409,000
issuance of common stock
(gain) loss on sale of foreclosed assets
net (decrease) in short-term borrowings																															-9,730,000	-8,311,000	-2,786,000
income taxes (refunded) paid
adjustments to reconcile net income to net cash provided by
operating activities:
net increase in trading securities																																		-379,000	-2,370,000
proceeds from acquisitions
realized losses on available-for-sale securities
securities transferred from trading to available-for-sale
net impairment losses realized in earnings and gains on available-for-sale securities																																		16,679,000
income from writedown of impaired premises and equipment
accretion and amortization on deposits and borrowings
redemption of bank-owned life insurance
proceeds from sale of premises and equipment
purchase of investment in limited partnership
dividends paid																																			-2,151,000	-1,988,000	-5,974,000
net incomees on available-for-sale securities
proceeds from acquisition of citizens bancorp, inc.
realized losses (gains) on available for sale securities
accretion and amortization of securities																																				114,000	365,000
gain on sale of premises and equipment																																					-26,000
amortization of core deposit intangible																																				21,000	96,000
realized gains on securities																																					-4,250,000
income from write down of impaired premises and equipment
amortization of restricted stock																																					31,000
proceeds from acquisition of canisteo valley corporation
loss from writedown of impaired premises and equipment																																					169,000

Citizens & Northern Corporation(NASDAQ:CZNC)

Citizens & Northern Corporation
(NASDAQ:CZNC)