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Note 19 - Parent Company Only | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | 19. PARENT COMPANY ONLY The following is condensed financial information for Citizens & Northern Corporation:
CONDENSED BALANCE SHEET |  | Dec. 31, |  |  | Dec. 31, |
(In Thousands) |  | 2019 |  |  | 2018 |
ASSETS |  |  |  |  |  |  |  |
Cash |  | $ | 6,485 |  |  | $ | 7,389 |
Investment in subsidiaries: |  |  |  |  |  |  |  |
Citizens & Northern Bank |  |  | 228,413 |  |  |  | 174,795 |
Citizens & Northern Investment Corporation |  |  | 12,353 |  |  |  | 11,697 |
Bucktail Life Insurance Company |  |  | 3,669 |  |  |  | 3,525 |
Other assets |  |  | 109 |  |  |  | 6 |
TOTAL ASSETS |  | $ | 251,029 |  |  | $ | 197,412 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Subordinated debt |  | $ | 6,500 |  |  | $ | 0 |
Other liabilities |  |  | 77 |  |  |  | 44 |
Stockholders' equity |  |  | 244,452 |  |  |  | 197,368 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |  | $ | 251,029 |  |  | $ | 197,412 |
CONDENSED INCOME STATEMENT |  |  |  |  |  |  |  |
(In Thousands) |  | 2019 |  |  | 2018 |
Dividends from Citizens & Northern Bank |  | $ | 24,600 |  |  | $ | 12,800 |
Expenses |  |  | (1,086 | ) |  |  | (681 | )
Income before equity in (excess distributions)/undistributed income of subsidiaries |  |  | 23,514 |  |  |  | 12,119 |
Equity in (excess distributions)/undistributed income of subsidiaries |  |  | (4,010 | ) |  |  | 9,894 |
NET INCOME |  | $ | 19,504 |  |  | $ | 22,013 |
CONDENSED STATEMENT OF CASH FLOWS |  |  |  |  |  |  |  |
(In Thousands) |  | 2019 |  |  | 2018 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |
Net income |  | $ | 19,504 |  |  | $ | 22,013 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Loss on repayment of subordinated debt |  |  | 10 |  |  |  | 0 |
Equity in (excess distributions)/undistributed income of subsidiaries |  |  | 4,010 |  |  |  | (9,894 | )
(Increase) decrease in other assets |  |  | (107 | ) |  |  | 7 |
(Decrease) increase in other liabilities |  |  | (81 | ) |  |  | 30 |
Net Cash Provided by Operating Activities |  |  | 23,336 |  |  |  | 12,156 |
CASH FLOWS FROM INVESTING ACTIVITIES, |  |  |  |  |  |  |  |
Net cash used in business combination |  |  | (9,698 | ) |  |  | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |
Repayment of subordinated debt |  |  | (510 | ) |  |  | 0 |
Proceeds from sale of treasury stock |  |  | 198 |  |  |  | 189 |
Purchase of treasury stock |  |  | (189 | ) |  |  | 0 |
Dividends paid |  |  | (14,041 | ) |  |  | (11,746 | )
Net Cash Used in Financing Activities |  |  | (14,542 | ) |  |  | (11,557 | )
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |  |  | (904 | ) |  |  | 599 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR |  |  | 7,389 |  |  |  | 6,790 |
CASH AND CASH EQUIVALENTS, END OF YEAR |  | $ | 6,485 |  |  | $ | 7,389 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |  |  |  |  |  |  |  |
Investment of net assets acquired in business combination in Citizens & Northern Bank |  | $ | 49,765 |  |  | $ | 0 |
Common equity issued in business combination |  | $ | 32,953 |  |  | $ | 0 |
Subordinated debt assumed in business combination |  | $ | 7,000 |  |  | $ | 0 |
Other liabilities assumed in business combination |  | $ | 114 |  |  | $ | 0 |
Interest paid |  | $ | 461 |  |  | $ | 0 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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