Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 15 S MAIN ST MANSFIELD PA 16933 |
Tel: | N/A |
Website: | https://www.firstcitizensbank.com/about-us/investor-relations/corporate-profile.html |
IR: | See website |
Key People | ||
Randall E. Black Chief Executive Officer, President of the Company and the Bank, Vice Chairman of the Board | Stephen J. Guillaume Chief Financial Officer, Executive Vice President of the Company and the Bank | David Z. Richards Executive Vice President of the Bank, Director |
Zerick D. Cook Executive Vice President, Chief Credit Officer | Leeann Gephart Executive Vice President, Chief Banking Officer for the Bank | Jeffrey L. Wilson Executive Vice President, Chief Lending Officer of the Bank |
Business Overview |
Citizens Financial Services, Inc. is a bank holding company for First Citizens Community Bank (the Bank). The Bank is a full-service bank engaged in a range of banking activities and services for individual, business, governmental and institutional customers. These activities and services principally include checking, savings, and time deposit accounts; residential, commercial, and agricultural real estate, commercial and industrial, state and political subdivision and consumer loans; and a variety of other specialized financial services. The Trust and Investment division of the Bank offers a full range of client investment, estate, mineral management, and retirement services. The Bank operates 39 full-service offices, one limited branch office, and four mortgage centers in its market areas. It is engaged in the ownership and management of CZFS Acquisition Company, LLC, its subsidiary, the Bank and the Banks subsidiaries, First Citizens Insurance Agency, Inc. and 1st Realty of PA LLC. |
Financial Overview |
For the three months ended 31 March 2024, Citizens Financial Services Inc interest income increased 51% to $37.9M. Net interest income after loan loss provision increased 12% to $20.2M. Net income increased 2% to $7M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 56% to $35.1M, Interest-bearing deposits with banks increase from $71K to $243K. |