CITIZENS FINANCIAL SERVICES INC
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
CZFS$84.87-1.4%Stored close · as of Nov 6, 2026
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Item 1. Consolidated Balance Sheet as of March 31, 2025 and December 31, 2024
BALANCE SHEET
| (in thousands except share data) | March 31, 2025 | December 31, 2024 |
|---|---|---|
| ASSETS: | ||
| Cash and due from banks: | ||
| Noninterest-bearing | $28,127 | $30,284 |
| Interest-bearing | 8,659 | 11,918 |
| Total cash and cash equivalents | 36,786 | 42,202 |
| Interest bearing time deposits with other banks | 3,820 | 3,820 |
| Equity securities | 1,737 | 1,747 |
| Available-for-sale securities | 430,701 | 425,912 |
| Loans held for sale | 6,054 | 9,607 |
| Loans (net of allowance for credit losses: 2025 $22,081 and 2024, $21,699) | 2,293,582 | 2,291,543 |
| Premises and equipment | 21,627 | 21,395 |
| Accrued interest receivable | 10,918 | 10,307 |
| Goodwill | 85,758 | 85,758 |
| Bank owned life insurance | 50,578 | 50,341 |
| Other intangibles | 2,707 | 2,892 |
| Fair value of derivative instruments | 9,120 | 10,370 |
| Deferred tax asset | 14,436 | 15,199 |
| Other assets | 48,514 | 54,631 |
| TOTAL ASSETS | $3,016,338 | $3,025,724 |
| LIABILITIES: | ||
| Deposits: | ||
| Noninterest-bearing | $505,826 | $532,776 |
| Interest-bearing | 1,859,028 | 1,849,252 |
| Total deposits | 2,364,854 | 2,382,028 |
| Borrowed funds | 302,027 | 297,721 |
| Accrued interest payable | 3,143 | 4,693 |
| Fair value of derivative instruments - liability | 5,196 | 5,817 |
| Other liabilities | 32,822 | 35,731 |
| TOTAL LIABILITIES | 2,708,042 | 2,725,990 |
| STOCKHOLDERS’ EQUITY: | ||
| Preferred Stock | ||
| $1.00 par value; authorized 3,000,000 shares at March 31, 2025 and December 31, 2024; none issued in 2025 or 2024 | - | - |
| Common stock | ||
| $1.00 par value; authorized 25,000,000 shares at March 31, 2025 and December 31, 2024, issued 5,207,824 at March 31, 2025 and 5,207,577 at December 31, 2024 | 5,208 | 5,208 |
| Additional paid-in capital | 145,010 | 144,984 |
| Retained earnings | 194,709 | 189,443 |
| Accumulated other comprehensive loss | (20,239) | (23,521) |
| Treasury stock, at cost: 448,152 shares at March 31, 2025 and 447,965 shares at December 31, 2024 | (16,392) | (16,380) |
| TOTAL STOCKHOLDERS’ EQUITY | 308,296 | 299,734 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $3,016,338 | $3,025,724 |
Index
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