Citizens & Northern Bank

90-92 Main Street
Wellsboro, PA 16901

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 7799
Date Established 1864
Assets $1.59 billion
Loans $1.11 billion
Deposits $1.29 billion
Capital $0.22 billion

Citizens & Northern Bank is an FDIC insured institution located in Wellsboro, PA. It was founded in 1864 and has approximately $1.59 billion in assets. Customers can open an account at one of its 26 branches.

For a more detailed analysis of Citizens & Northern Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 18, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $0 - Learn MoreShow Less
Money Market
0.05% $0 - Learn MoreShow Less
Money Market
0.15% $0 - Learn MoreShow Less
Money Market
0.15% $5,000 $19,999 Learn MoreShow Less
Money Market
0.35% $20,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
6 Mo CD
1.31% $0 - Learn MoreShow Less
1.56% $10,000 $24,999 Learn MoreShow Less
6 Mo CD
1.51% $100,000 - Learn MoreShow Less
6 Mo CD
1.76% $100,000 - Learn MoreShow Less
12 Mo CD
1.26% $0 - Learn MoreShow Less
12 Mo CD
1.46% $0 - Learn MoreShow Less
1.51% $10,000 $24,999 Learn MoreShow Less
12 Mo CD
1.71% $100,000 - Learn MoreShow Less
18 Mo CD
1.15% $0 - Learn MoreShow Less
1.41% $10,000 $24,999 Learn MoreShow Less
18 Mo CD
1.36% $100,000 - Learn MoreShow Less
18 Mo CD
1.61% $100,000 - Learn MoreShow Less
24 Mo CD
1.05% $0 - Learn MoreShow Less
24 Mo CD
1.26% $0 - Learn MoreShow Less
1.31% $10,000 $24,999 Learn MoreShow Less
24 Mo CD
1.51% $100,000 - Learn MoreShow Less
36 Mo CD
1.00% $0 - Learn MoreShow Less
1.26% $10,000 $24,999 Learn MoreShow Less
36 Mo CD
1.21% $100,000 - Learn MoreShow Less
36 Mo CD
1.46% $100,000 - Learn MoreShow Less
48 Mo CD
1.00% $0 - Learn MoreShow Less
1.26% $10,000 $24,999 Learn MoreShow Less
48 Mo CD
1.21% $100,000 - Learn MoreShow Less
48 Mo CD
1.46% $100,000 - Learn MoreShow Less
60 Mo CD
1.00% $0 - Learn MoreShow Less
1.26% $10,000 $24,999 Learn MoreShow Less
60 Mo CD
1.46% $100,000 - Learn MoreShow Less
60 Mo CD
1.21% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $0 - Learn MoreShow Less
0.75% $1,000 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.25% $1 - Learn MoreShow Less

Loan Rates - October 18, 2019

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Citizens & Northern Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Citizens & Northern Bank Locations


Financial Details

Citizens & Northern Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens & Northern Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Citizens & Northern Bank U.S. Bank Average
6.56% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, Citizens & Northern Bank had $11,920,000 in non-current loans and $3,305,000 in owned real estate. To cover these potential losses it had $224,044,000 in equity and $8,200,000 in loans loss reserves. That gives it a Texas Ratio of 6.56%.

Return on Equity
Citizens & Northern Bank U.S. Bank Average
9.64% 9.50%

Citizens & Northern Bank has a Return on Equity of 9.64% versus the BestCashCow average of 9.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Citizens & Northern Bank U.S. Bank Average
14.06% 12.76%

Citizens & Northern Bank has a Capitalization of 14.06% versus the BestCashCow average of 12.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Citizens & Northern Bank Balance Sheet Analysis

As of June 30, 2019, Citizens & Northern Bank had assets of $1,593,961,000, loans of $1,109,614,000, and deposits of $1,291,901,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.02 billion
Total securities $0.35 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.11 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.03 billion
All other assets $0.04 billion
     Total Assets $1.37 billion
LIABILITIES
Total deposits $1.29 billion
      Interest-bearing deposits $0.98 billion
      Deposits held in domestic offices $1.29 billion
      % insured (estimated) 74.47%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.06 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.37 billion
      Shareholders’ Equity $0.22 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.03 billion
Total Interest Expense $0.00 billion
Net interest income $0.03 billion
Provision for loan and lease losses $-0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

Bank Loan Profile?

The top three loan types in Citizens & Northern Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Pennsylvania, Citizens & Northern Bank has a significantly higher percent of Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 49.54
Multifamily
Mortgages
2.41
Credit Card Loans 0.17
Consumer Auto Loans 0.76
Small Business Loans 10.20
Construction and Development Loans 4.43
Commercial Real Estate 25.17
Commercial and Industrial Loans 10.39
Farm Loans 0.47

Frequently Asked Questions About Citizens & Northern Bank

Branches and Savings

Is Citizens & Northern Bank FDIC insured?

Yes. It is covered under FDIC Certificate #7799.

Why does Citizens & Northern Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Citizens & Northern Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Citizens & Northern Bank a commercial bank?

Yes

Where are Citizens & Northern Bank locations?

See branch locations nearby.

Is Citizens & Northern Bank open on Saturdays?

Is Citizens & Northern Bank open on Sundays?

What time does Citizens & Northern Bank open?

What time does Citizens & Northern Bank close?

Are Citizens & Northern Bank ATMs Open 24/7?

Do Citizens & Northern Bank ATMs accept cash deposits?

Can Citizens & Northern Bank customers use other ATMs?

Do Citizens & Northern Bank branches have notaries?

Will Citizens & Northern Bank notarize my document?

What address for Citizens & Northern Bank should I put for incoming ACH transfers?

Will the Citizens & Northern Bank branch print checks?

Do Citizens & Northern Bank checks expire?

Does Citizens & Northern Bank require US citizenship to open account?

Can Citizens & Northern Bank close my account?

Does Citizens & Northern Bank Report to credit bureaus?

Does Citizens & Northern Bank Use Equifax?

What is Citizens & Northern Bank's ACH Routing Number?

What is Citizens & Northern Bank's SWIFT code?

Products

Does Citizens & Northern Bank offer mortgages?

Compare mortgage rates here.

Does Citizens & Northern Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens & Northern Bank offer personal loans?

Compare personal loan rates here.

Does Citizens & Northern Bank offer student loans?

Will Citizens & Northern Bank cash a check?

Will Citizens & Northern Bank redeem a savings bond?

Does Citizens & Northern Bank cash savings bonds?

Will Citizens & Northern Bank cash money orders?

Can Citizens & Northern Bank issue a money order?

Does Citizens & Northern Bank do currency exchange?

Background on The Bank

Who owns Citizens & Northern Bank?

How long has Citizens & Northern Bank been around?

Can Citizens & Northern Bank transfer to other banks?

Does Citizens & Northern Bank have quick pay?

Does Citizens & Northern Bank accept rolled coins?

Will Citizens & Northern Bank accept loose change?

Where is Citizens & Northern Bank headquarters?

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