Citizens & Northern Corporation (CZNC): Business Model Canvas [Dec-2025 Updated]

You're looking for the nuts and bolts of how Citizens & Northern Corporation makes money, and honestly, their 2025 story is all about smart growth and managing the rate environment. Following the October 2025 merger, the bank now sits with about $3.2 billion in assets, showing a clear push for scale while keeping that local, relationship-driven service intact-that's the core value prop. We've mapped out their entire operation, from key activities like active balance sheet management to their revenue streams driven by Net Interest Income and trust fees, so you can see exactly where the risks and opportunities lie in this new structure. Dive into the full Business Model Canvas below for the precise breakdown.

Citizens & Northern Corporation (CZNC) - Canvas Business Model: Key Partnerships

You're looking at the relationships Citizens & Northern Corporation (CZNC) solidified or integrated as of late 2025. The biggest event, the merger, fundamentally changed the scale of their partnership ecosystem.

Susquehanna Community Financial, Inc. (Merger completed October 2025)

The merger with Susquehanna Community Financial, Inc. closed on October 1, 2025. This wasn't just adding a branch or two; it was a significant combination. Susquehanna shareholders now own approximately 13% of the combined company. The transaction was valued at about $44.6 million, and the combined entity immediately had roughly $3.2 billion in assets. Management projected this deal would be about 17% accretive to earnings per share (EPS) in fiscal year 2026. The integration of Susquehanna Community Bank's 7 locations into CZNC's existing footprint brought the total office count to 35 banking offices across Pennsylvania and New York. This partnership is now fully internal, strengthening CZNC's position in Central Pennsylvania.

ZSuite Tech (Strategic alliance for business compliance solutions)

CZNC started a strategic partnership with ZSuite Tech earlier in 2025 to bring digital escrow and sub-accounting solutions to their business clients. This alliance lets CZNC clients use ZSuite's platform to automate complex financial processes like escrow account management and rent payments. A key benefit for CZNC clients is the eligibility to use ZRent free of charge; tenants always use it for free. This helps CZNC reinforce its role as a strategic partner for local businesses needing streamlined, compliant financial tools.

Here's a quick look at how the merger and existing ancillary service structures stack up, using the latest available figures:

Partnership/Entity	Metric	Value (as of late 2025/latest data)
Susquehanna Merger (Post-Close)	Combined Assets	Approximately $3.2 billion
Susquehanna Merger (Post-Close)	Susquehanna Shareholder Ownership	Approximately 13%
ZSuite Tech	ZRent Cost to C&N Clients	May be eligible for free use
Insurance and Brokerage Providers (Bucktail/Investment Corp)	Brokerage and Insurance Revenue (2024)	$1,675,000
Insurance and Brokerage Providers (Bucktail/Investment Corp)	Year-over-Year Change in Revenue (2024 vs 2023)	($616,000) or (26.9)%

Insurance and Brokerage Providers (Ancillary product offerings)

Citizens & Northern Corporation operates through wholly-owned subsidiaries like Citizens & Northern Investment Corporation and Bucktail Life Insurance Company. Bucktail reinsures credit and mortgage life and accident and health insurance on behalf of C&N Bank. While the full 2025 impact isn't fully detailed yet, the 2024 figures show the scale of this segment. For the year 2024, the reported Brokerage and insurance revenue was $1,675,000, which represented a decrease of ($616,000), or (26.9)%, from the prior year. This segment diversifies the overall revenue base beyond pure lending income.

Local Community Organizations (Fulfilling the community mission component)

CZNC maintains its community focus through established programs. The bank celebrated the 10-year anniversary of its 'Giving Back, Giving Together' (GBGT) community giving program in March 2025. This partnership structure involves active engagement with local groups to support the region, aligning with their mission of creating value through lifelong relationships. The post-merger expansion into Central Pennsylvania is expected to further strengthen this community support capacity.

• The combined entity now operates 35 banking offices across Pennsylvania and New York.
• The merger is expected to result in 17% EPS accretion in fiscal years 2026 and 2027.
• Q3 2025 Net Income was $6,551,000, or $0.42 diluted EPS.
• Adjusted (non-GAAP) Q3 2025 diluted EPS was $0.47, excluding merger expenses.
• Total pre-tax merger-related expenses are estimated to be approximately $7.5 million.
• Common shares outstanding as of November 5, 2025, were just over 17.8 million.

Finance: draft 13-week cash view by Friday.

Citizens & Northern Corporation (CZNC) - Canvas Business Model: Key Activities

You're looking at the engine room of Citizens & Northern Corporation (CZNC) operations as of late 2025. The core activities revolve around traditional community banking, now augmented by a recent strategic acquisition.

Core commercial and retail lending and deposit-taking remains the primary driver. This activity is measured by the performance of the loan book and the stability of the funding base. For the third quarter of 2025, Citizens & Northern Corporation reported a Net Interest Margin (NIM) of 3.62%, an improvement from 3.52% in the second quarter of 2025. Net interest income for Q3 2025 totaled $22,263,000. Total deposits reached $2,165,735,000 as of September 30, 2025, showing a quarter-over-quarter increase of $55,959,000, partly due to seasonal municipal inflows. The loan portfolio is growing; total loans receivable increased by $25.85 million compared to June 30, 2025.

The activity of active management of interest rate risk and balance sheet is evident in the NIM expansion. The Q3 2025 NIM of 3.62% was achieved as the average yield on earning assets increased by 0.07% while the average rate on interest-bearing liabilities decreased by 0.03%. The bank maintained a strong liquidity position, with available liquidity covering 164.6% of uninsured deposits, which stood at 23.7% of total deposits at the end of Q3 2025.

Strategic M&A integration and synergy realization became a key activity in the fourth quarter of 2025. Citizens & Northern Corporation completed its merger with Susquehanna Community Financial, Inc. on October 1, 2025. Management estimates total pre-tax merger-related expenses of approximately $7.5 million, with most expected in the fourth quarter of 2025. The company incurred $1.05 million in pre-tax merger-related expenses in the first nine months of 2025. This acquisition is expected to be about 17% accretive to Citizens & Northern Corporation's FY 2026 earnings.

Citizens & Northern Corporation also focuses on providing wealth management and trust services through its affiliate trust department, offering solutions like retirement planning and fiduciary administration. This is supported by other services like C&N Investment Services and C&N Financial Services.

Finally, maintaining regulatory compliance and credit quality is a constant focus. The provision for credit losses in Q3 2025 was $2.163 million. The Allowance for Credit Losses (ACL) rose to 1.21% of loans as of September 30, 2025. Nonperforming assets were $27.19 million, representing 1.02% of total assets at the end of Q3 2025. The Return on Assets (ROA) for the period ending September 30, 2025, was 1.02%. The dividend was maintained at $0.28 per share, with a payout ratio of 63.64% based on recent earnings.

Here's a quick look at some key Q3 2025 financial metrics:

Metric	Value (Q3 2025)	Comparison Point	Value
Net Interest Margin (NIM)	3.62%	Q2 2025 NIM	3.52%
Net Interest Income (NII)	$22,263,000	Q3 2024 NII	$20,156,000 (Implied: $22,263k - $2,107k)
Provision for Credit Losses (PCL)	$2.163 million	Q2 2025 PCL	$2.354 million
Total Deposits	$2,165,735,000	Q2 2025 Deposits (Implied: $2,165.735M - $55.959M)	$2,109,776,000
Allowance for Credit Losses (ACL) to Loans	1.21%	Q2 2025 ACL to Loans	1.13%

The operational focus areas for Citizens & Northern Corporation include:

• Originate and service commercial and retail loans.
• Gathering core, low-cost deposits.
• Managing the balance sheet for favorable interest rate spreads.
• Integrating the recently acquired Susquehanna Community Financial, Inc. assets.
• Delivering fiduciary and investment advisory services.
• Adhering to evolving capital and credit quality regulations.

Finance: draft Q4 2025 expense forecast incorporating merger costs by Friday.

Citizens & Northern Corporation (CZNC) - Canvas Business Model: Key Resources

You're looking at the core assets Citizens & Northern Corporation (CZNC) relies on to execute its business strategy, especially now following the recent integration. These aren't just line items; they are the tangible and human capital that drive operations.

The scale of the organization, significantly boosted by the October 1, 2025, merger with Susquehanna Community Financial, Inc., is a primary resource. Post-merger, the total assets are estimated to be approximately $3.2 billion as of late 2025. This is a critical anchor for lending capacity and market presence in Central Pennsylvania.

The physical footprint remains central to community banking, even with digital growth. Citizens & Northern Bank now operates a combined network across Pennsylvania and New York.

Resource Component	Metric/Count	Context/Date
Total Banking Offices (Post-Merger)	35	As of October 2025, combining C&N and Susquehanna offices
Primary States of Operation	Pennsylvania and New York	Geographic footprint
Pre-Merger C&N Offices	28	Prior to October 2025 merger
Susquehanna Offices Added	7	Banking offices in Central Pennsylvania

Liquidity management is another bedrock resource. The ability to fund operations without relying heavily on volatile sources is key for stability. Citizens & Northern Corporation maintained a strong liquidity posture.

• Highly liquid available funding totaled $1.1 billion at June 30, 2025.
• This figure was reported as $1.135B at March 31, 2025.
• This robust funding covered 175.6% of uninsured deposits as of June 30, 2025.

The human element is irreplaceable in relationship banking. Citizens & Northern Corporation relies on its established team, which was recently augmented by key leadership from the merger.

• New executive appointments post-merger include Christian C. Trate to the boards, David S. Runk as Executive Vice President and Strategic Advisor, and Jeffrey G. Hollenbach as Executive Vice President and Region President.
• The organization continues to onboard experienced personnel, such as new Vice Presidents and AVP/Community Office Managers in recent quarters.

Finally, the technology stack supports the physical network and client service delivery. These systems must be reliable and scalable, especially during integration periods.

The digital banking platforms and core processing systems are essential for transaction processing and customer access. The firm was actively completing the system integration for Susquehanna Community Bank customers, anticipated by Q4 2025. The company also offers specialized services through wholly-owned subsidiaries, which are supported by these systems.

Other wholly-owned subsidiaries that represent intellectual and structural resources include:

• Citizens & Northern Investment Corporation, formed in 1999 for investment activities.
• Bucktail Life Insurance Company, which provides credit life and accident/health insurance on behalf of the Bank.

Finance: draft pro forma branch count update by Monday.

Citizens & Northern Corporation (CZNC) - Canvas Business Model: Value Propositions

You're looking at what Citizens & Northern Corporation (CZNC) offers its customers and the market, grounded in their late 2025 operational snapshot. It's all about local focus backed by growing scale.

Deep-rooted community banking and local decision-making

Citizens & Northern Corporation emphasizes its community-focused approach, reinforced by the recent acquisition of Susquehanna Community Financial, Inc., which closed on October 1, 2025. This combination was framed as leveraging the strengths of two reputable community banks sharing a similar culture and customer-first mindset. The resulting entity will operate 35 banking locations across Pennsylvania and New York. As of September 30, 2025, Citizens & Northern Corporation reported total assets of $2.66 billion, with total loans receivable valued at $1.95 billion. The bank manages its credit quality with nonperforming assets totaling $27.19 million, representing 1.02% of total assets at the end of the third quarter of 2025.

Full-service financial product suite (Lending, Trust, Insurance)

The value proposition includes a comprehensive suite of financial services beyond standard deposit-taking and lending. While specific segment breakdowns for Trust and Insurance are not detailed in the latest reports, the overall scale supports this offering. The loan portfolio, which stood at $1.95 billion at the end of Q3 2025, is supported by the strategic merger, which aimed to further diversify the loan portfolio and funding base for increased resiliency. The combined entity, post-merger, is projected to have approximately $3.2 billion in assets.

• Lending portfolio size as of September 30, 2025: $1.95 billion.
• Total consolidated assets as of September 30, 2025: $2.66 billion.
• Projected combined assets post-merger: Approximately $3.2 billion.

Personalized, high-touch customer service model

The commitment to a customer-first mindset is a stated cultural pillar, especially in serving the local market. This is evident in the operational structure that prioritizes local relationships, which the Susquehanna merger was intended to strengthen within the Central Pennsylvania market. The bank's ability to maintain a strong net interest margin of 3.62% in Q3 2025, up from 3.29% in Q3 2024, suggests effective management of funding costs alongside asset yields, which directly impacts the competitiveness of their service offerings.

Streamlined financial operations for local businesses via ZSuite Tech

Citizens & Northern Corporation actively enhances its business client value through technology integration. In January 2025, Citizens & Northern Bank announced a strategic partnership with ZSuite Tech to offer digital escrow and sub-accounting solutions, specifically ZEscrow and ZRent. These tools automate complex financial processes for businesses in real estate, property management, and law firms. Key features include 24/7 online management, built-in regulatory compliance, and cost-effectiveness, with some C&N clients potentially eligible to use the service free of charge.

Financial stability and consistent shareholder returns

Financial performance in 2025 supports the value proposition of stability. Net income for the third quarter of 2025 was $6,551,000, resulting in a diluted EPS of $0.42. Excluding merger-related expenses, adjusted earnings (non-GAAP) for Q3 2025 were $0.47 per diluted share. The company has maintained a consistent dividend policy, with the latest quarterly payment being $0.28 per share, paid on November 14, 2025. This results in an annual dividend of $1.12 per share and a forward dividend yield of 5.56% as of November 29, 2025. Here's a quick look at the key financial and return metrics as of late 2025.

Metric	Value (Q3 2025 or Latest)	Period/Date
Net Income	$6,551,000	Three Months Ended September 30, 2025
Diluted EPS (GAAP)	$0.42	Three Months Ended September 30, 2025
Adjusted Diluted EPS (Non-GAAP)	$0.47	Three Months Ended September 30, 2025
Net Interest Margin (NIM)	3.62%	Three Months Ended September 30, 2025
Quarterly Dividend Per Share	$0.28	Paid November 14, 2025
Annual Dividend	$1.12	Trailing Twelve Months
Forward Dividend Yield	5.56%	As of November 29, 2025
Dividend Payout Ratio	61.88%	Based on Trailing EPS of $0.47

The dividend coverage is approximately 2.0, indicating the dividend is well-covered by earnings, which is a key component of their shareholder return value proposition.

Citizens & Northern Corporation (CZNC) - Canvas Business Model: Customer Relationships

Citizens & Northern Corporation (CZNC) operates with a core mission of Creating value through lifelong relationships. This relationship-driven model is the blueprint for customer retention, underpinning the financial resilience that resulted in a nine-month net income of $18.96 million for the period ending September 30, 2025. The bank, with total assets of approximately $2.67 billion as of the third quarter of 2025, emphasizes deep community embedding to secure long-term customer commitment.

For clients requiring more nuanced financial guidance, Citizens & Northern Bank segments its service delivery. This is particularly evident in the Wealth Management division, which supports the high-touch service model for affluent customers. The focus on dedicated service for commercial and wealth clients is supported by the growth in managed assets.

Client Segment Focus	Metric	Value as of June 30, 2025
Wealth Management	Trust Assets Under Management (AUM)	$1,380,547,000
Wealth Management	Year-over-Year AUM Growth (vs. June 30, 2024)	7.5%
Commercial/Treasury	Availability of Treasury Management Solutions	Offered

The physical branch network remains a critical component of the high-touch service delivery. Citizens & Northern Bank maintains a significant physical presence across its operating regions in Pennsylvania and New York to facilitate face-to-face interactions. As of September 22, 2025, the bank operated 28 banking offices and 1 loan production office. This network was augmented by the completion of the merger with Susquehanna Community Financial, Inc. on October 1, 2025, which is expected to enhance market presence in central Pennsylvania.

Balancing the personal touch is the robust offering of automated self-service through digital platforms, designed for convenience and efficiency. The bank has invested in making its digital channels highly accessible to its customer base.

• Online Banking provides 24/7 Access, with 68% of the customer base actively using it.
• The Mobile Banking App has an engagement rate of 52% among digital users.
• The bank offers digital banking services with 98% mobile banking compatibility across iOS and Android platforms.
• Features available through these platforms include Mobile Check Deposit and Online Bill Pay.

Finance: draft 13-week cash view by Friday

Citizens & Northern Corporation (CZNC) - Canvas Business Model: Channels

You're looking at how Citizens & Northern Corporation (CZNC) gets its products and services-from checking accounts to commercial loans-out to its customers across Pennsylvania and New York. The channel strategy blends a strong local physical presence with necessary digital tools.

Physical branch locations (Expanded network post-merger)

The physical footprint saw a significant expansion following the completion of the merger with Susquehanna Community Financial, Inc. on October 1, 2025. Prior to this, Citizens & Northern Bank operated 28 full-service banking branch offices as of December 31, 2024, concentrated in Pennsylvania's Northern tier/Northcentral region, Southeastern Pennsylvania, and Southcentral Pennsylvania, plus offices in New York State. The acquisition brought in an additional 7 banking offices from Susquehanna Community Bank in Central Pennsylvania. This strategic move is aimed at enhancing market presence in central Pennsylvania. The bank also operates loan production offices in Elmira, New York, and York, Pennsylvania.

The physical network distribution, including the newly integrated locations, serves a broad geographic area:

• Geographic Footprint: Offices span Bradford, Bucks, Cameron, Chester, Lycoming, Potter, Sullivan, Tioga, York, and Lancaster Counties in Pennsylvania, and Steuben County in New York.
• Post-Merger Footprint: The network now includes the locations from the acquired entity in Central Pennsylvania.
• Total Assets Context: This physical network supports a bank holding company with total assets of approximately $2.67 billion as of the third quarter of 2025.

Digital channels (Mobile banking app, online banking)

Citizens & Northern Corporation provides access to banking services via the internet and through its mobile banking application, which is a critical component for modern customer interaction. These digital platforms support the core personal banking services like checking and savings accounts, as well as providing access for commercial customers.

The use of digital channels is essential for maintaining client focus, a core value of Citizens & Northern Corporation.

ATM Network (72 locations across service regions)

The physical access points are supplemented by an extensive ATM Network, which the bank maintains at 72 locations across its service regions. This provides customers with 24/7 access to cash and basic transactional services, complementing the branch and digital offerings.

Direct sales force for commercial and mortgage lending

For more complex financial needs, Citizens & Northern Corporation relies on a direct sales force focused on specialized lending and wealth management services. This team drives revenue streams beyond standard deposits and consumer loans.

The direct sales efforts focus on key areas:

Lending/Service Type	Focus Area	2025 Financial Context
Commercial Lending	Term loans, commercial real estate, and equipment financing for local businesses	Net interest income for Q3 2025 increased by $1.12 million over the previous quarter
Mortgage Lending	Home loans for individuals and families	Total loans receivable increased by $25.85 million compared to the end of June 2025
Wealth Management	Financial planning, investment advisory, and trust and estate services	Reported net income of $6.55 million for the third quarter of 2025

The direct sales force is key to growing the loan portfolio, which saw an increase of $20,826,000 in total loans receivable from March 31, 2025, to June 30, 2025.

Citizens & Northern Corporation (CZNC) - Canvas Business Model: Customer Segments

Citizens & Northern Corporation (CZNC) focuses its banking and lending services across a defined geographic area, primarily serving individuals, households, and businesses within its operational footprint.

The scale of the business serving these segments, as of mid-2025, involved consolidated total assets of approximately $2.61 Billion as of June 2025, with total deposits reaching $2.1 billion. Following the October 1, 2025 merger with Susquehanna Community Financial, Inc., the combined entity projects total assets of about $3.2 billion.

Individuals and Households (Retail banking, consumer loans)

This segment receives support through mortgage lending, home equity lines of credit, and consumer installment loans, alongside a suite of digital banking tools. The overall loan portfolio, valued at $1.92 billion at one point in 2025, includes a significant allocation to residential mortgages.

Small to Mid-Sized Businesses (Commercial lending, business accounts)

Citizens & Northern Corporation supports small and mid-sized enterprises with tailored financing, including commercial real estate loans, SBA lending, agriculture and livestock financing, equipment leasing, and treasury management services. Business clients also use cash management products and merchant services. The loan portfolio composition reflects this commercial focus:

Loan Category	Percentage of Total Loans
Commercial Real Estate	53.1%
All Other Commercial Loans	22.4%
Residential Mortgage Loans	20.8%

Within the Commercial Real Estate category, non-owner-occupied loans accounted for roughly three-fourths of that specific share.

Affluent Individuals (Wealth management and trust clients)

Wealth management and trust services are delivered through the C&N Wealth Management affiliate. These services assist clients with fiduciary administration, retirement planning, and investment advisory solutions.

Local Communities in Central PA and Southern NY

The operational base and community focus are concentrated in specific counties across Pennsylvania and New York. The merger with Susquehanna Community Financial, Inc. specifically enhanced market presence in central Pennsylvania. The combined footprint includes:

• Pennsylvania Counties: Bradford, Bucks, Cameron, Chester, Lancaster, Lycoming, McKean, Potter, Sullivan, Tioga, York.
• New York Counties: Steuben County, and an office in Elmira, New York.
• Total Locations: The combined entity operates 35 banking locations across Pennsylvania and New York.

The bank reports a commitment to helping these local communities thrive through providing needed funding and contributing to local charities.

Citizens & Northern Corporation (CZNC) - Canvas Business Model: Cost Structure

The Cost Structure for Citizens & Northern Corporation centers on funding costs, personnel, and the recent integration of the Susquehanna Community Financial, Inc. acquisition.

Interest Expense on deposits and borrowed funds represents a significant, variable cost component. While specific 2025 year-to-date figures for this line item are not explicitly detailed in the latest summaries, the cost structure in the preceding full year, 2024, saw Total Interest Expense of $49 million (USD millions). Within that, Deposits Interest Expense was $39 million (USD millions) for the full year 2024.

Personnel and compensation expenses are a core fixed cost. For the full year 2024, Salaries and Employee Benefits totaled $45 million (USD millions). Citizens & Northern Corporation employed 386 full-time employees prior to the October 1, 2025, merger.

The cost of managing credit quality is reflected in the Provision for Credit Losses. This was $2.16 million in Q3 2025. For the nine months ended September 30, 2025, the total provision amounted to $4.75 million.

One-time costs associated with strategic growth are also present. Citizens & Northern Corporation incurred pre-tax merger-related expenses of $1.05 million in the first nine months of 2025. The total estimated pre-tax merger-related expense is approximately $7.5 million, with most expected in Q4 2025.

The Branch network and technology operating costs are tied to the physical footprint. Prior to the October 1, 2025, merger, Citizens & Northern Bank operated 29 banking offices in Pennsylvania and New York, plus a loan production office in Elmira, New York. The acquisition of Susquehanna Community Financial, Inc. added 7 banking offices, bringing the post-merger total to 36 banking offices.

Here's a look at the key cost components, using the latest available full-year 2024 data for recurring expenses and specific 2025 figures where provided:

Cost Component	Period/Basis	Amount (USD Millions)
Total Interest Expense	Annual 2024	$49
Deposits Interest Expense	Annual 2024	$39
Salaries and Employee Benefits	Annual 2024	$45
Provision for Credit Losses	Q3 2025	$2.16
Provision for Credit Losses (YTD)	9M 2025	$4.75
Merger-related expenses (Pre-tax)	9M 2025	$1.05
Total Non-Interest Expense	Annual 2024	$74

You should note the following breakdown of non-interest expenses from the 2024 annual report, which sets the baseline before the merger integration costs:

• Salaries and Employee Benefits: $45 million
• Net Occupancy & Equipment Expense: $13 million
• Other Operating Expenses: $16 million

Citizens & Northern Corporation (CZNC) - Canvas Business Model: Revenue Streams

You're looking at how Citizens & Northern Corporation (CZNC) brings in cash, which for a community bank like this, boils down to interest earned versus fees charged. It's a classic banking revenue mix, but the recent merger and rate environment are definitely shifting the numbers.

Net Interest Income (NII) from loan and investment portfolios

This is the bread and butter. Net Interest Income is the difference between the interest earned on loans and investments and the interest paid on deposits and borrowings. For the third quarter of 2025, Net Interest Income increased by $1.12 million over the second quarter of 2025 and by $2.11 million over the third quarter of 2024. The net interest margin (NIM) improved to 3.62% in Q3 2025, up from 3.29% in Q3 2024. For the first nine months of 2025, net interest income grew by $4.74 million compared to the same stretch in 2024. To give you a quarterly baseline, the Net Interest Income for the first quarter of 2025 was $19.98 million. The net interest income after provision for credit losses in Q3 2025 was reported at $20.1M.

Here's a quick look at how the top-line revenue components stacked up across recent periods:

Metric	Q1 2025 Amount	Q2 2025 Amount	Q3 2025 Amount
Net Interest Income (NII)	$19.98 million	$21.142 million	NII rose $1.12M q/q
Total Revenue (Implied)	$26.75M	N/A	~$27.40M
Net Income	$6.29 million	$6.117 million	$6.55 million

Noninterest Income from service charges and fees

This stream captures the charges for services rendered, separate from lending interest. In the first quarter of 2025, service charges saw a year-over-year increase of +$122K. Total Noninterest Income for the first six months of 2025 was $15,150,000. The annual bank non-interest income for the latest reporting period is $29.209M.

Trust and Wealth Management fees

This revenue comes from managing assets for clients. As you noted, the Trust revenue for the first quarter of 2025 was $2.102 million. [cite: Provided in prompt] This was an increase year-over-year by +$205K amid equity market appreciation. The components driving this fee income include:

• Trust revenue increased y/y by +$205K.
• Service charges rose y/y by +$122K.
• Other noninterest income benefited from higher dividends.

Mortgage banking and loan origination fees

Fees collected when originating new loans, including mortgages, feed into the noninterest income line. While specific figures for just mortgage banking fees aren't broken out in the latest reports, the overall noninterest income performance gives context. For instance, Q1 2025 noninterest income fell $539K q/q. The second quarter 2025 noninterest income was $8,142,000.

Insurance and brokerage commissions

Citizens & Northern Corporation also generates revenue from selling insurance products or through brokerage activities, which are bundled within the broader noninterest income category. Other noninterest income in Q1 2025 included increases from letter of credit fees of $34,000 and interest-rate swap fee income of $24,000 with no comparable amount in 2024. The TTM (Trailing Twelve Month) annual bank non-interest income is $30.001M.