← CITIZENS & NORTHERN CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $15.8m $13.4m $22.0m $19.5m $19.2m $30.6m $26.6m $24.1m $26.0m $23.4m
Net Income (Loss) Available to Common Stockholders, Basic $15.8m $13.4m $21.9m $19.4m $19.1m $30.3m $26.4m $24.0m $25.7m $23.2m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — — $26.6m $24.1m $26.0m $23.4m
Depreciation, Depletion and Amortization — — $1.8m $1.7m $2.0m $2.1m $2.4m $2.2m $2.2m $2.4m
Amortization of Intangible Assets $13k $5k $3k $223k $540k $535k $439k $408k $389k $1.2m
Depreciation, Nonproduction $1.6m $1.6m $1.8m $1.7m $2.0m $2.1m $2.4m $2.2m $2.2m $2.4m
Deferred Income Tax Expense (Benefit) ($156k) $2.2m ($187k) $172k ($361k) ($1.4m) ($400k) $836k ($1.5m) $2.7m
Share-based Payment Arrangement, Expense $578k $627k $855k $798k $1.1m $1.2m $1.3m $1.5m $1.5m $1.3m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gain (Loss) on Disposition of Property Plant Equipment $3k — — — — — — — — —
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal ($410k) ($595k) ($413k) $1.2m ($2.6m) $186k ($3.5m) ($1.4m) $2.4m $5.6m
Gain (Loss) on Extinguishment of Debt $0 $0 — — — — — — — —
Income Tax Expense (Benefit) $5.3m $7.2m $4.2m $3.9m $4.0m $7.1m $5.7m $6.3m $5.9m $5.2m
Operating Lease, Expense — — — — $371k $492k $599k $644k $666k $792k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets $410k $595k $413k ($1.2m) $2.6m ($186k) $3.5m $1.4m $3.0m $755k
Provision for Loan, Lease, and Other Losses $1.2m $801k $584k $849k $3.9m $3.7m $7.3m $186k $2.2m $6.1m
Bank Owned Life Insurance Income $382k $379k $394k $402k $515k $573k $545k $2.7m $1.8m $1.9m
Increase (Decrease) in Other Operating Liabilities ($216k) $1.3m $2.0m ($2.1m) $2.5m $210k ($589k) $4.2m $8.0m ($3.3m)
Gain (Loss) on Sales of Loans, Net — — — $924k $5.4m $3.4m $757k $723k $1.2m $1.5m
Parent Company $11.1m $11.1m $11.7m $14.0m $14.5m $16.0m $15.9m $15.6m $15.5m $16.3m
Debt Securities, Available-for-sale, Realized Gain (Loss) — — ($288k) $23k $169k $24k $20k ($3.0m) $0 $38k
Equipment Expense $1.7m $1.8m $1.2m $1.3m $1.5m — — — — —
Equity Securities, FV-NI, Gain (Loss) — — $2.3m $29k — — — — — —
Equity Securities, FV-NI, Realized Gain (Loss) — — $2.3m $0 — — — — — —
Equity Securities, FV-NI, Unrealized Gain (Loss) — — ($21k) $29k — — — — — —
Gain (Loss) on Sale of Mortgage Loans $1.0m $818k $682k — — — — — — —
Goodwill $11.9m $11.9m $11.9m $28.4m $52.5m $52.5m $52.5m $52.5m $52.5m $63.3m
Net Cash Provided by (Used in) Operating Activities $18.5m $19.4m $25.9m $22.5m $24.8m $34.8m $34.6m $33.5m $33.0m $32.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.6m $1.7m $1.2m $2.9m $3.1m $1.9m $3.3m $2.3m $1.9m $1.9m
Payments to Acquire Businesses, Net of Cash Acquired — — — — ($76.0m) $0 $0 — — —
Gain (Loss) on Sale of Investments — — — — — — — ($3.0m) $0 $38k
Payments for (Proceeds from) Other Investing Activities — ($191k) ($178k) ($174k) ($273k) ($228k) ($203k) ($109k) ($33k) ($42k)
Net Cash Provided by (Used in) Investing Activities ($29.4m) ($30.9m) ($21.6m) $22.7m $96.6m ($103.9m) ($234.7m) ($53.2m) ($20.9m) $196k
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $74.5m $63.7m $52.4m $81.2m $94.5m $61.7m $58.7m $52.3m $39.2m $50.8m
Proceeds from Issuance of Long-term Debt — $8.0m $33.0m $48.5m $25.9m — — — — —
Repayments of Long-term Debt $313k $37.3m $6.3m $38.2m $54.8m — — — — —
Payments for Repurchase of Common Stock $3.7m $0 — $189k $163k — — — — —
Payments of Ordinary Dividends, Common Stock $11.1m $11.1m $11.7m $14.0m $14.5m $16.0m $15.9m $15.6m $15.5m $16.3m
Net Cash Provided by (Used in) Financing Activities $6.2m $19.9m ($8.4m) ($46.8m) ($56.5m) $68.9m $151.9m $24.7m $58.7m ($111.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — — — $123.6m $44.7m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $3.9m $4.5m $9.6m $10.7m $8.2m $9.5m $31.9m $48.6m $49.0m
Income Taxes Paid, Net — — — — — — — — — $8.8m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.