Citizens & Northern Bank Financial Reports
Quarter Ended: 2024-06-30
Citizens & Northern Bank is a N/A located in Wellsboro, PA. Established on 01/01/1864, the bank is regulated by the FED and has 29 domestic offices. It operates in the .
The bank has 381 employees and holds $2,579,229k in total assets. With a focus on community banking, the bank has been serving its customers since 01/01/1864.
Learn more about Citizens & Northern Bank on Visbanking Report Portal. See pricing on Visbanking Pricing Page or request a demo on Request Demo Page. Follow us on Linkedin for more information about the US Banking System Visbanking Linkedin Page for the latest updates.
Citizens & Northern Bank Institution Profile
| Established Date | 01/01/1864 | Institution Class | N/A |
| Primary Regulator | FED | Number of Domestic Offices | 29 |
| Number of Foreign Offices | 0 | Number of US Offices | 0 |
| Number of Employees | 381 | Directly owned by another bank (CERT) | No |
| Community Bank | Yes | ZIP | 16901 |
| Ownership Type | Not Mutual | City | Wellsboro |
| State Alpha code | PA | State and County Number | 42117 |
| Subchapter S Corporations | No | Trust Powers | N/A |
| Federal Reserve ID Number | 3 | Federal Reserve ID Number Description | PHILADELPHIA |
| Office of The Comptroller District: | NORTHEAST DISTRICT | Office of Thrift Supervision Region | Northeast |
| Last Structure Change Effective Date | 07/31/2023 | Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
Institution Profile Overview
Delve into the foundational details of Citizens & Northern Bank with our “Institution Profile” table. The 01/01/1864 marks the bank’s inception, providing historical context. Categorized as a N/A, the bank operates under the oversight of FED, ensuring compliance and regulatory adherence.
29 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Wellsboro, PA, and 16901 provide geographic context. Explore these attributes to gain a holistic view of Citizens & Northern Bank in the financial landscape.
Citizens & Northern Bank Financials
(USD, in thousands)
| Total Assets | $2,579,229 | Total Liabilities | $2,305,558 |
| Total Equity Capital | $273,671 | Total Deposits | $2,074,806 |
| Net Loans and Leases | $1,874,526 | Total Interest Income | $31,231 |
| Total Noninterest Income | $7,850 | Total Interest Expense | $11,538 |
| Total Noninterest Expense | $19,017 | Tier 1 Risk-Based Capital Ratio | 13.65% |
| Net Loans and Leases to Core Deposits | 100.70% | Return on Assets | 1.01% |
| Return on Equity | 9.45% | Efficiency Ratio | 68.69% |
Financial Performance Overview
Gain a comprehensive perspective on Citizens & Northern Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $2,579,229k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $2,305,558k and total equity capital at $273,671k.
Delve into key operational metrics, including total deposits of $2,074,806k, net loans and leases at $1,875k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 13.6456, and Return on Assets at 1.01. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.
This detailed financial overview is designed to enhance your understanding of Citizens & Northern Bank’s performance and competitive positioning within the financial industry.
Citizens & Northern Bank Additional Financial Information
(USD, in thousands)
| Earnings Coverage of Net Loan Charge-Offs(x) | $47 | Net Loans and Leases to Core Deposits | 100.70% |
| Tier 1 Risk-Based Capital Ratio | 13.65% | Securities Gains (Losses) | -$4 |
| Goodwill and Other Intangibles | N/A | Cost of Funding Earning Assets | 2.00% |
| Yield on Earning Assets | 5.42% | Total Interest Income | $31,231 |
| Applicable Income Taxes | $1,517 | Loss Allowance to Loans and Leases | 1.08% |
| Net Loans and Leases | $1,874,526 | Loss Allowance to Noncurrent Loans and Leases | 104.00% |
| Noncurrent Loans to Loans | 1.03% | Net Income Attributable to Bank and Noncontrolling Interests | $6,440 |
| Net Interest Income | $19,693 | Net Interest Margin | 3.42% |
| Net Operating Income to Assets | 1.01% | Noninterest Income to Average Assets | 1.23% |
| Total Noninterest Income | $7,850 | Noninterest Expense to Average Assets | 2.99% |
| Total Noninterest Expense | $19,017 | Net Charge-Offs to Loans and Leases | 0.04% |
| All Other Assets | $132,417 | Other Real Estate Owned | $181 |
| Other borrowed funds | $200,649 | Pre-tax Net Operating Income | $7,961 |
| Pretax Return on Assets | 1.25% | Return on Assets | 1.01% |
| Retained Earnings to Average Equity (YTD only) | 2.51% |
Insights into Financial Metrics
Enhance your understanding of Citizens & Northern Bank‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $1,874,526k and Net Interest Income $19,693k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 13.6456 for in-depth insights into capital adequacy and risk management strategies.
Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.04 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $7,850k and evaluate operational efficiency using metrics like Efficiency Ratio: 68.69. This nuanced financial overview empowers a comprehensive analysis of Citizens & Northern Bank‘s strategic financial position and performance in the industry.
Frequently Asked Questions (FAQs)
What is the asset size of Citizens & Northern Bank?
The asset size of Citizens & Northern Bank is approximately $2,579,229k, reflecting the bank’s scale and market presence.
How does the loan-to-deposit ratio of Citizens & Northern Bank compare to industry benchmarks?
The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Citizens & Northern Bank, this ratio stands at 90.34704931449% (please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.
What is the capital adequacy ratio for Citizens & Northern Bank?
The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 13.6456.
What is the net interest margin of Citizens & Northern Bank, and how has it trended over the past year?
The current net interest margin is 3.42. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.
What is the percentage of non-performing loans on Citizens & Northern Bank’s balance sheet?
The percentage of non-performing loans is an important metric indicating asset quality. For Citizens & Northern Bank, this stands at 1.0343.
Are there any recent regulatory changes that could impact Citizens & Northern Bank’s operations?
Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Citizens & Northern Bank. For tailored insights, please consult our expert or access our detailed reports.
This table provides key financial information about Citizens & Northern Bank. Get more data about Citizens & Northern Bank on Visbanking Report Portal.