CITIZENS FINANCIAL SERVICES INC
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
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.
Sep 30, 2025 · Filed Nov 6, 2025
CZFS$84.87-1.4%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheet as of September 30, 2025 and December 31, 2024
CONSOLIDATED BALANCE SHEET
| September 30, | December 31, | |
|---|---|---|
| (in thousands, except share data) | 2025 | 2024 |
| ASSETS: | ||
| Cash and due from banks: | ||
| Noninterest-bearing | $24,529 | $30,284 |
| Interest-bearing | 6,546 | 11,918 |
| Total cash and cash equivalents | 31,075 | 42,202 |
| Interest bearing time deposits with other banks | 3,820 | 3,820 |
| Equity securities | 1,803 | 1,747 |
| Available-for-sale securities | 451,357 | 425,912 |
| Loans held for sale | 13,508 | 9,607 |
| Loans (net of allowance for credit losses: | ||
| 2025, $22,454 and 2024, $21,699) | 2,312,934 | 2,291,543 |
| Premises and equipment | 21,508 | 21,395 |
| Accrued interest receivable | 11,412 | 10,307 |
| Goodwill | 85,758 | 85,758 |
| Bank owned life insurance | 51,132 | 50,341 |
| Other intangibles | 2,374 | 2,892 |
| Fair value of derivative instruments | 7,487 | 10,370 |
| Deferred tax asset | 12,294 | 15,199 |
| Other assets | 49,959 | 54,631 |
| TOTAL ASSETS | $3,056,421 | $3,025,724 |
| LIABILITIES: | ||
| Deposits: | ||
| Noninterest-bearing | $522,168 | $532,776 |
| Interest-bearing | 1,889,035 | 1,849,252 |
| Total deposits | 2,411,203 | 2,382,028 |
| Borrowed funds | 279,589 | 297,721 |
| Accrued interest payable | 3,754 | 4,693 |
| Fair value of derivative instruments - liability | 4,332 | 5,817 |
| Other liabilities | 29,861 | 35,731 |
| TOTAL LIABILITIES | 2,728,739 | 2,725,990 |
| STOCKHOLDERS' EQUITY: | ||
| Preferred Stock | ||
| $1.00 par value; authorized 3,000,000 shares at September 30, 2025 and December 31, 2024; none issued in 2025 or 2024 | - | - |
| Common stock | ||
| $1.00 par value; authorized 25,000,000 shares at September 30, 2025 and December 31, 2024, issued 5,255,464 at September 30, 2025 and 5,207,577 at December 31, 2024 | 5,255 | 5,208 |
| Additional paid-in capital | 147,971 | 144,984 |
| Retained earnings | 205,542 | 189,443 |
| Accumulated other comprehensive loss | (14,650) | (23,521) |
| Treasury stock, at cost: 449,087 shares at September 30, 2025 and 447,965 shares at December 31, 2024 | (16,436) | (16,380) |
| TOTAL STOCKHOLDERS' EQUITY | 327,682 | 299,734 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $3,056,421 | $3,025,724 |
Index
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