| Business Summary | | Citizens
&
Northern
Corp.
is
a
holding
company
whose
principal
subsidiary
is
Citizens
&
Northern
Bank
(the
Bank).
The
Company's
other
wholly
owned
subsidiaries
are
Citizens
&
Northern
Investment
Company
and
Bucktail
Life
Insurance
Company.
The
Company
is
primarily
engaged
in
providing
a
full
range
of
banking
and
mortgage
services
to
individual
and
corporate
customers
in
north-central
Pennsylvania.
Lending
products
include
mortgage
loans,
commercial
loans,
consumer
loans
and
credit
cards,
as
well
as
specialized
instruments
such
as
commercial
letters-of-credit.
Deposit
products
include
various
types
of
checking
accounts,
passbook
and
statement
savings,
money
market
accounts,
interest
checking
accounts,
individual
retirement
accounts
and
certificates
of
deposit.
The
Company
also
offers
non-insured
Repo
Sweep
accounts.
The
Company
provides
Trust
Department
services,
including
the
administration
of
trusts
and
estates,
retirement
plans
and
other
employee
benefit
plans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Citizens
and
Northern
Corp.
is
a
bank
holding
company
for
Citizens
and
Northern
Bank,
a
state
chartered
bank
with
15
offices
in
PA.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
5%
to
$27.2
million.
Net
interest
income
after
LLP
rose
11%
to
$12.1
million.
Net
income
rose
25%
to
$5.5
million.
Net
interest
income
reflects
an
increase
in
average
securities
balances.
Earnings
reflect
the
inclusion
of
$451
thousand
in
life
insurance
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Craig Litchfield, 53 Chairman,
Pres, CEO | $371K | Dawn Besse, 49 Exec.
VP/Sales & Service Coordinator | -- | Thomas Briggs, 50 Exec.
VP and Sr. Trust Officer | -- | Brian Canfield, 49 Sr.
Exec. VP and Branch System Administrator | 166K | Matthew Prosseda, 39 Exec.
VP and Commercial Loan Coordinator | 147K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|