Citizens & Northern Bank is headquartered in Wellsboro and is the 24th largest bank in the state of Pennsylvania. It is also the 609th largest bank in the nation. It was established in 1864 and as of September of 2016, it had grown to 290 employees at 26 locations. Citizens & Northern Bank has a B+ health rating.
I opened an account with C&N's NY affiliate (First State Bank) in January 2009. I was originally attracted by the high rewards check rates (3.5% at the time), however the rates have dropped to 2% since then.
I don't live near a branch office, so most of my activity is carried out online. However, when I've needed assistance the staff has been really accomodating.
My one complaint is that C&N is not compatible with Mint.com and based on their responses to my inquiries, they have no plans to change this.
The telephone answering system is hopeless! I spent more than 15 minutes waiting on hold being forced to listen to advertisements and a particularly annoying jingle. I must also mention that I was returning a call from a message left on my home answering machine. It turns out that the bank was calling to report an error they had made on my account. Now I'm even more angry!
|FDIC Certificate #||7799|
|Return on Assets - YTD||1.22%|
|Return on Equity - YTD||8.7%|
|Annual Interest Income||$32.8MM|
|Assets and Liabilities|
|Assets||Q3 2016vs Q3 2015||$1.23B$1.22B|
|Loans||Q3 2016vs Q3 2015||$734.5MM$672.5MM|
|Deposits||Q3 2016vs Q3 2015||$997.8MM$968.1MM|
|Equity Capital||Q3 2016vs Q3 2015||$170.0MM$169.6MM|
|Loan Loss Allowance||Q3 2016vs Q3 2015||$8.4MM$7.4MM|
|Unbacked Noncurrent Loans||Q3 2016vs Q3 2015||$19.1MM$13.5MM|
|Real Estate Owned||Q3 2016vs Q3 2015||$2.3MM$1.4MM|
Rates for Citizens & Northern Bank are currently being reviewed.