CITIZENS FINANCIAL SERVICES INC
For the period ended Jun 30, 2026. Filed Aug 6, 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.
Jun 30, 2026 · Filed Aug 6, 2026
CZFS$84.87-1.4%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheet as of June 30, 2026 and December 31, 2025
| CITIZENS FINANCIAL SERVICES, INC. | ||
|---|---|---|
| CONSOLIDATED BALANCE SHEET | ||
| (UNAUDITED) | ||
| June 30, | December 31, | |
| (in thousands, except share data) | 2026 | 2025 |
| ASSETS: | ||
| Cash and due from banks: | ||
| Noninterest-bearing | $30,343 | $23,933 |
| Interest-bearing | 9,086 | 10,358 |
| Total cash and cash equivalents | 39,429 | 34,291 |
| Interest bearing time deposits with other banks | 3,324 | 3,820 |
| Equity securities | 1,930 | 1,815 |
| Available-for-sale securities | 491,311 | 444,741 |
| Loans held for sale | 10,369 | 9,393 |
| Loans (net of allowance for credit losses: 2026, $23,559 and 2025, $22,806) | 2,371,469 | 2,327,816 |
| Premises and equipment | 20,660 | 20,998 |
| Accrued interest receivable | 10,922 | 10,698 |
| Goodwill | 85,758 | 85,758 |
| Bank owned life insurance | 74,465 | 51,501 |
| Other intangibles | 1,934 | 2,221 |
| Derivative assets | 6,755 | 6,927 |
| Deferred tax asset | 11,443 | 11,440 |
| Other assets | 62,347 | 53,145 |
| TOTAL ASSETS | $3,192,116 | $3,064,564 |
| LIABILITIES: | ||
| Deposits: | ||
| Noninterest-bearing | $495,914 | $516,657 |
| Interest-bearing | 1,898,623 | 1,860,322 |
| Total deposits | 2,394,537 | 2,376,979 |
| Borrowed funds | 394,024 | 309,448 |
| Accrued interest payable | 3,358 | 3,130 |
| Derivative liabilities | 3,948 | 4,100 |
| Other liabilities | 43,416 | 32,856 |
| TOTAL LIABILITIES | 2,839,283 | 2,726,513 |
| STOCKHOLDERS’ EQUITY: | ||
| Preferred Stock | ||
| $1.00 par value; authorized 3,000,000 shares at June 30, 2026 and December 31, 2025; none issued in 2026 or 2025 | - | - |
| Common stock | ||
| $1.00 par value; authorized 25,000,000 shares at June 30, 2026 and December 31, 2025, issued 5,262,935 at June 30, 2026 and 5,255,807 at December 31, 2025 | 5,263 | 5,256 |
| Additional paid-in capital | 148,341 | 147,965 |
| Retained earnings | 229,333 | 213,623 |
| Accumulated other comprehensive loss | (13,362) | (12,377) |
| Treasury stock, at cost: 453,654 shares at June 30, 2026 and 448,727 shares at December 31, 2025 | (16,742) | (16,416) |
| TOTAL STOCKHOLDERS’ EQUITY | 352,833 | 338,051 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $3,192,116 | $3,064,564 |
Index
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