CITIZENS FINANCIAL SERVICES INC
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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, 2026 · Filed May 7, 2026
CZFS$84.87-1.4%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheet as of March 31, 2026 and December 31, 2025
| CITIZENS FINANCIAL SERVICES, INC. | ||
|---|---|---|
| CONSOLIDATED BALANCE SHEET | ||
| (UNAUDITED) | ||
| March 31, | December 31, | |
| (in thousands except share data) | 2026 | 2025 |
| ASSETS: | ||
| Cash and due from banks: | ||
| Noninterest-bearing | $26,798 | $23,933 |
| Interest-bearing | 6,307 | 10,358 |
| Total cash and cash equivalents | 33,105 | 34,291 |
| Interest bearing time deposits with other banks | 3,820 | 3,820 |
| Equity securities | 1,834 | 1,815 |
| Available-for-sale securities | 448,286 | 444,741 |
| Loans held for sale | 5,874 | 9,393 |
| Loans (net of allowance for credit losses: 2026 $22,894 and 2025, $22,806) | 2,275,328 | 2,327,816 |
| Premises and equipment | 20,715 | 20,998 |
| Accrued interest receivable | 10,941 | 10,698 |
| Goodwill | 85,758 | 85,758 |
| Bank owned life insurance | 74,071 | 51,501 |
| Other intangibles | 2,073 | 2,221 |
| Derivative assets | 7,104 | 6,927 |
| Deferred tax asset | 12,240 | 11,440 |
| Other assets | 45,329 | 53,145 |
| TOTAL ASSETS | $3,026,478 | $3,064,564 |
| LIABILITIES: | ||
| Deposits: | ||
| Noninterest-bearing | $509,638 | $516,657 |
| Interest-bearing | 1,931,547 | 1,860,322 |
| Total deposits | 2,441,185 | 2,376,979 |
| Borrowed funds | 198,738 | 309,448 |
| Accrued interest payable | 3,748 | 3,130 |
| Derivative liabilities | 4,186 | 4,100 |
| Other liabilities | 35,043 | 32,856 |
| TOTAL LIABILITIES | 2,682,900 | 2,726,513 |
| STOCKHOLDERS’ EQUITY: | ||
| Preferred Stock | ||
| $1.00 par value; authorized 3,000,000 shares at March 31, 2026 and December 31, 2025; none issued in 2026 or 2025 | - | - |
| Common stock | ||
| $1.00 par value; authorized 25,000,000 shares at March 31, 2026 and December 31, 2025, issued 5,256,083 at March 31, 2026 and 5,255,807 at December 31, 2025 | 5,256 | 5,256 |
| Additional paid-in capital | 147,986 | 147,965 |
| Retained earnings | 221,597 | 213,623 |
| Accumulated other comprehensive loss | (14,682) | (12,377) |
| Treasury stock, at cost: 451,147 shares at March 31, 2026 and 448,727 shares at December 31, 2025 | (16,579) | (16,416) |
| TOTAL STOCKHOLDERS’ EQUITY | 343,578 | 338,051 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $3,026,478 | $3,064,564 |
Index
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