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ACQUISITION OF FNB (Tables) - First National Bank of Fredericksburg [Member] | 12 Months Ended
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Dec. 31, 2017
Business Acquisition [Line Items] |
Summarizes the purchase of FNB | The following table summarizes the purchase of FNB as of December 11, 2015:
(In Thousands, Except Per Share Data) |  |  |  |  |  |
Purchase Price Consideration in Common Stock |  |  |  |  |  |
Citizens Financial Services, Inc. shares issued |  |  | 336,515 |  |  |  |
Value assigned to Citizens Financial Services, Inc. common share |  | $ | 47.50 |  |  |  |
Purchase price assigned to FNB common shares exchanged for Citizens Financial Services, Inc. |  |  |  |  |  | $ | 15,984 |
Purchase Price Consideration - Cash for Common Stock |  |  |  |  |  |  |  |
Purchase price assigned to The First National Bank of Fredericksburg common shares exchanged for cash |  |  |  |  |  |  | 5,619 |
Total Purchase Price |  |  |  |  |  |  | 21,603 |
Net Assets Acquired: |  |  |  |  |  |  |  |
The First National Bank of Fredericksburg shareholders' equity |  | $ | 12,298 |  |  |  |  |
Adjustments to reflect assets acquired at fair value: |  |  |  |  |  |  |  |
Loans |  |  |  |  |  |  |  |
Interest rate |  |  | 31 |  |  |  |  |
General credit |  |  | (1,362 | ) |  |  |  |
Specific credit - non-amortizing |  |  | (2,495 | ) |  |  |  |
Specific credit - amortizing |  |  | (665 | ) |  |  |  |
Core deposit intangible |  |  | 1,641 |  |  |  |  |
Covenant not to compete |  |  | 125 |  |  |  |  |
Premises and equipment |  |  | 1,203 |  |  |  |  |
Leased premises contracts |  |  | (359 | ) |  |  |  |
Other assets |  |  | (358 | ) |  |  |  |
Deferred tax assets |  |  | 785 |  |  |  |  |
Adjustments to reflect liabilities acquired at fair value: |  |  |  |  |  |  |  |
Time deposits |  |  | (74 | ) |  |  |  |
|  |  |  |  |  |  | 10,770 |
Goodwill resulting from merger |  |  |  |  |  | $ | 10,833 |
Schedule of asset acquired and liability assumed | The following condensed statement reflects the amounts recognized as of the acquisition date for each major class of asset acquired and liability assumed:
(In Thousands) |  |  |  |  |  |
Total purchase price |  |  |  |  | $ | 21,603 |
Assets (liabilities) acquired: |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 83,514 |  |  |  |  |
Interest bearing time deposits with other banks |  |  | 1,236 |  |  |  |  |
Securities available for sale |  |  | 23,831 |  |  |  |  |
Loans |  |  | 115,211 |  |  |  |  |
Premises and equipment, net |  |  | 4,743 |  |  |  |  |
Accrued interest receivable |  |  | 282 |  |  |  |  |
Bank-owned life insurance |  |  | 4,598 |  |  |  |  |
Intangibles |  |  | 1,981 |  |  |  |  |
Deferred tax asset |  |  | 2,979 |  |  |  |  |
Other assets |  |  | 2,332 |  |  |  |  |
Time deposits |  |  | (42,675 | ) |  |  |  |
Deposits other than time deposits |  |  | (182,555 | ) |  |  |  |
Accrued interest payable |  |  | (14 | ) |  |  |  |
Other liabilities |  |  | (4,693 | ) |  |  |  |
|  |  |  |  |  |  | 10,770 |
Goodwill resulting from the FNB merger |  |  |  |  |  | $ | 10,833 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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