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PARENT COMPANY ONLY (Tables) | 12 Months Ended
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Dec. 31, 2024
PARENT COMPANY ONLY |
Schedule of parent company condensed balance sheet | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
CONDENSED BALANCE SHEET |  | Dec. 31, |  | Dec. 31,
(In Thousands) | ​ | 2024 | ​ | 2023
ASSETS |  | ​ |  |  | ​ |
Cash | ​ | $ | 16,013 | ​ | $ | 14,822
Investment in subsidiaries: | ​ |  | ​ | ​ |  |
Citizens & Northern Bank | ​ |  | 285,465 | ​ |  | 272,286
Citizens & Northern Investment Corporation | ​ |  | 9,768 | ​ |  | 11,087
Bucktail Life Insurance Company | ​ |  | 3,804 | ​ |  | 3,733
Other assets | ​ |  | 136 | ​ |  | 200
TOTAL ASSETS | ​ | $ | 315,186 | ​ | $ | 302,128
​ | ​ | ​ | ​ | ​ | ​ | ​
LIABILITIES AND STOCKHOLDERS' EQUITY | ​ |  |  | ​ |  |
Senior notes, net | ​ | $ | 14,899 | ​ | $ | 14,831
Subordinated debt, net | ​ |  | 24,831 | ​ |  | 24,717
Other liabilities | ​ |  | 172 | ​ |  | 199
Stockholders' equity | ​ |  | 275,284 | ​ |  | 262,381
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | ​ | $ | 315,186 | ​ | $ | 302,128
Schedule of parent company condensed income statement | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CONDENSED INCOME STATEMENT AND COMPREHENSIVE INCOME (LOSS) | ​ |  | ​ | ​ | ​ | ​ |  |  | ​
(In Thousands) |  | 2024 | ​ | 2023 |  | 2022
Dividends from Citizens & Northern Bank | ​ | $ | 17,341 | ​ | $ | 19,405 | ​ | $ | 19,483
Dividends from Citizens & Northern Investment Corporation | ​ | ​ | 1,500 | ​ | ​ | 1,800 | ​ | ​ | 0
Expenses | ​ |  | (1,644) | ​ |  | (2,003) | ​ |  | (1,695)
Income before equity in undistributed income of subsidiaries | ​ |  | 17,197 | ​ |  | 19,202 | ​ |  | 17,788
Equity in undistributed income of subsidiaries | ​ |  | 8,761 | ​ |  | 4,946 | ​ |  | 8,830
NET INCOME | ​ | $ | 25,958 | ​ | $ | 24,148 | ​ | $ | 26,618
COMPREHENSIVE INCOME (LOSS) | ​ | $ | 27,634 | ​ | $ | 35,589 | ​ | $ | (28,286)
Schedule of parent company condensed statement of cash flows | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CONDENSED STATEMENT OF CASH FLOWS | ​ |  | ​ | ​ |  | ​ |  |  | ​
(In Thousands) |  | 2024 | ​ | 2023 |  | 2022
CASH FLOWS FROM OPERATING ACTIVITIES: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 25,958 | ​ | $ | 24,148 | ​ | $ | 26,618
Adjustments to reconcile net income to net cash provided by operating activities: | ​ |  |  | ​ |  |  | ​ |  |
Accretion of purchase accounting adjustment | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | (14)
Amortization of debt issuance costs | ​ |  | 182 | ​ |  | 176 | ​ |  | 170
Equity in undistributed income of subsidiaries | ​ |  | (8,761) | ​ |  | (4,946) | ​ |  | (8,830)
Decrease (increase) in other assets | ​ |  | 64 | ​ |  | (167) | ​ |  | 0
(Decrease) increase in other liabilities | ​ |  | (93) | ​ |  | 97 | ​ |  | (41)
Net Cash Provided by Operating Activities | ​ |  | 17,350 | ​ |  | 19,308 | ​ |  | 17,903
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CASH FLOWS FROM FINANCING ACTIVITIES: | ​ |  |  | ​ |  |  | ​ |  |
Repayment of subordinated debt | ​ |  | 0 | ​ |  | 0 | ​ |  | (8,500)
Proceeds from sale of treasury stock | ​ |  | 0 | ​ |  | 0 | ​ |  | 160
Purchase of treasury stock | ​ |  | (629) | ​ |  | (6,784) | ​ |  | (9,349)
Dividends paid | ​ |  | (15,530) | ​ |  | (15,569) | ​ |  | (15,865)
Net Cash Used in Financing Activities | ​ |  | (16,159) | ​ |  | (22,353) | ​ |  | (33,554)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ​ |  | 1,191 | ​ |  | (3,045) | ​ |  | (15,651)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | ​ |  | 14,822 | ​ |  | 17,867 | ​ |  | 33,518
CASH AND CASH EQUIVALENTS, END OF YEAR | ​ | $ | 16,013 | ​ | $ | 14,822 | ​ | $ | 17,867
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION, | ​ |  |  | ​ |  |  | ​ |  |
Interest paid | ​ | $ | 1,305 | ​ | $ | 1,234 | ​ | $ | 1,433
​

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