CZFS Citizens Financial Services

Citizens Financial Services, Inc. is the bank holding company for First Citizens Community Bank (“First Citizens”), a Pennsylvania-chartered commercial bank. First Citizens operates 31 full-service branch offices in Pennsylvania, Delaware and New York. For more information about Citizens and First Citizens, visit its website at

Company profile

Fiscal year end
Industry (SIC)
IRS number


11 Mar 21
21 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 68.71M 68.71M 68.71M 68.71M 68.71M 68.71M
Cash burn (monthly) 2.2M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 8.15M n/a n/a n/a n/a n/a
Cash remaining 60.56M n/a n/a n/a n/a n/a
Runway (months of cash) 27.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Feb 21 Graham Roger C JR COMMON CLASS Buy Aquire P No No 55.55 1,400 77.77K 53,089.461
17 Feb 21 Landy R Joseph COMMON CLASS By will or laws of descent Aquire W No No 0 1,064 0 23,524.179
28 Dec 20 Landy R Joseph COMMON CLASS Gift Dispose G No No 0 20 0 22,272.259
28 Oct 20 Landy R Joseph COMMON CLASS Buy Aquire P No No 45 500 22.5K 22,292.259

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 1 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
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Financial report summary

Management Discussion
  • Non-interest income increased $3,036,000 in 2020 from 2019, or 36.2%.  We experienced a $305,000 net gain on available for sale securities in 2020 compared to net gains totaling $24,000 in 2019. During 2020, we sold 19 mortgage backed securities for a net gain of $305,000 to lock in gains that benefitted from the Federal Reserve investment purchase program in response to the COVID-19 pandemic. During 2019, we sold 3 agency securities for a net gain of $1,000 and 4 US Treasury securities for a gain of $23,000 to fund loan growth and to restructure the investment portfolio to improve performance in the current rate environment. During 2020, net equity security losses amounted to $41,000 as a result of market losses associated with the Covid-19 pandemic compared to gains of $120,000 last year.
Content analysis
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