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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

CITIZENS FINANCIAL SERVICES INC (CZFS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
INTEREST INCOME:          
Interest and fees on loans  74.366.463.554.950.542.135.829.0
Interest-bearing deposits with banks  0.40.40.40.40.30.20.20.1
   
Investment securities:          
Taxable  5.63.84.14.73.83.13.73.1
Nontaxable  2.52.21.91.51.72.43.03.2
Dividends  0.60.40.40.50.40.30.30.2
    TOTAL INTEREST INCOME  83.473.270.362.056.848.143.035.7
   
INTEREST EXPENSE:          
Deposits  7.35.86.99.26.94.64.24.1
Borrowed funds  3.91.31.32.82.71.20.80.7
    TOTAL INTEREST EXPENSE  11.27.18.112.09.65.85.04.8
    NET INTEREST INCOME  72.166.162.249.947.242.338.030.8
Provision for credit losses  1.71.62.41.71.92.51.50.5
    NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES  70.564.659.848.345.339.736.430.4
   
NON-INTEREST INCOME:          
Service charges  5.34.84.24.7    
Trust  0.80.90.80.8    
Brokerage and insurance  1.91.61.31.1    
Gains on loans sold  0.31.32.20.50.40.60.40.4
Earnings on bank owned life insurance  0.91.80.70.60.60.70.70.6
Other  0.81.42.00.60.60.50.60.4
    TOTAL NON-INTEREST INCOME  9.712.311.48.47.78.77.97.4
   
NON-INTEREST EXPENSES:          
Salaries and employee benefits  27.825.924.220.519.117.716.512.5
Occupancy  3.13.02.62.22.12.01.91.4
Furniture and equipment  0.60.50.80.70.50.60.60.5
Professional fees  1.91.51.51.41.91.3 0.8
FDIC insurance  0.70.50.50.10.40.40.60.5
Pennsylvania shares tax  0.90.90.90.80.80.70.70.7
Amortization of intangibles  0.20.20.20.30.30.30.3 
Merger and acquisition    2.20.5 0.2 1.1
Software expenses  1.41.31.20.90.90.8  
Other  8.17.36.55.75.35.06.54.9
    TOTAL NON-INTEREST EXPENSES  44.741.640.833.331.629.328.723.4
    Income (loss) before provision for income taxes  35.535.330.423.3    
Provision for income taxes (benefit)  6.46.25.33.83.46.03.02.7
    NET INCOME (LOSS)  29.129.125.119.518.013.012.611.6
   
PER COMMON SHARE DATA:          
Net (Loss) Income - Basic (in dollars per share)  $7.32$7.31$6.46$5.42$5.04$3.67$3.57$3.60
Net (Loss) Income - Diluted (in dollars per share)  $7.32$7.31$6.46$5.41$5.04$3.67$3.57$3.60
   
Cash Dividends Paid (in dollars per share)  $1.90$1.84$1.88$1.74$1.71$1.64$1.57$1.63
   
Number of shares used in computation - basic (in shares)  4.04.03.93.63.63.63.53.2
Number of shares used in computation - diluted (in shares)  4.04.03.93.63.63.63.53.2

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