XML 190 R131.htm IDEA: XBRL DOCUMENT v3.20.4
PARENT COMPANY ONLY - Condensed Statement of Cash Flows (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:                    
Net income $ 6,770 $ 2,848 $ 5,438 $ 4,166 $ 5,458 $ 5,307 $ 3,649 $ 5,090 $ 19,222 $ 19,504
Adjustments to reconcile net income to net cash provided by operating activities:                    
Decrease (increase) in other assets                 (2,645) 1,188
Increase (decrease) in other liabilities                 2,473 (2,068)
Net Cash Provided by Operating Activities                 24,784 22,461
CASH FLOWS FROM FINANCING ACTIVITIES:                    
Purchase of vested restricted stock for tax withholding                 (163) (189)
Dividends paid                 (14,469) (14,041)
Net Cash Used in Financing Activities                 (56,469) (46,834)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                 64,895 (1,705)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR       31,122       32,827 31,122 32,827
CASH AND CASH EQUIVALENTS, END OF YEAR 96,017       31,122       96,017 31,122
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                    
Interest paid                 10,742 9,601
Parent Company [Member]                    
CASH FLOWS FROM OPERATING ACTIVITIES:                    
Net income                 19,222 19,504
Adjustments to reconcile net income to net cash provided by operating activities:                    
Accretion of purchase accounting adjustment                 (38) 0
Loss on repayment of subordinated debt                 0 10
Distributions in excess of income from subsidiaries                 17,797 4,010
Decrease (increase) in other assets                 105 (107)
Increase (decrease) in other liabilities                 13 (81)
Net Cash Provided by Operating Activities                 37,099 23,336
CASH FLOWS FROM INVESTING ACTIVITIES:                    
Net cash used in business combination                 (21,837) (9,698)
CASH FLOWS FROM FINANCING ACTIVITIES:                    
Repayment of subordinated debt                 0 510
Proceeds from sale of treasury stock                 131 198
Purchase of vested restricted stock for tax withholding                 (163) (189)
Dividends paid                 (14,469) (14,041)
Net Cash Used in Financing Activities                 (14,501) (14,542)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                 761 (904)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR       $ 6,485       $ 7,389 6,485 7,389
CASH AND CASH EQUIVALENTS, END OF YEAR $ 7,246       $ 6,485       7,246 6,485
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                    
Investment of net assets acquired in business combination in Citizens & Northern Bank                 73,426 49,765
Common equity issued in business combination                 41,429 32,953
Subordinated debt assumed in business combination                 10,091 7,000
Other liabilities assumed in business combination                 69 114
Interest paid                 $ 655 $ 461