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CONDENSED FINANCIAL INFORMATION - PARENT COMPANY ONLY (Tables)
 12 Months Ended
Dec. 31, 2016
CONDENSED FINANCIAL INFORMATION - PARENT COMPANY ONLY [Abstract]  
Condensed financial information
The following is condensed financial information for Citizens Financial Services, Inc.:
CITIZENS FINANCIAL SERVICES, INC.
 
CONDENSED BALANCE SHEET
 
 
 
December 31,
 
(in thousands)
 
2016
  
2015
 
Assets:
      
  Cash
 
$
2,245
  
$
4,593
 
  Available-for-sale securities
  
2,735
   
2,332
 
  Investment in subsidiary:
        
    First Citizens Community Bank
  
125,973
   
120,370
 
  Other assets
  
564
   
557
 
Total assets
 
$
131,517
  
$
127,852
 
 
        
Liabilities:
        
  Other liabilities
 
$
749
  
$
592
 
  Borrowed funds
  
7,500
   
7,500
 
Total liabilities
  
8,249
   
8,092
 
Stockholders' equity
  
123,268
   
119,760
 
Total liabilities and stockholders' equity
 
$
131,517
  
$
127,852
 

CITIZENS FINANCIAL SERVICES, INC.
 
CONDENSED STATEMENT OF INCOME
 
 
 
Year Ended December 31,
 
(in thousands)
 
2016
  
2015
  
2014
 
Dividends from:
         
  Bank subsidiary
 
$
5,842
  
$
5,582
  
$
14,332
 
  Available-for-sale securities
  
92
   
71
   
56
 
Total income
  
5,934
   
5,653
   
14,388
 
Realized securities gains
  
31
   
76
   
-
 
Expenses
  
463
   
892
   
555
 
Income before equity
            
  in undistributed earnings
            
  of subsidiary
  
5,502
   
4,837
   
13,833
 
Equity in undistributed
            
  earnings - First Citizens Community Bank
  
7,136
   
6,789
   
(448
)
Net income
 
$
12,638
  
$
11,626
  
$
13,385
 
Comprehensive income
 
$
11,482
  
$
10,623
  
$
15,377
 

CITIZENS FINANCIAL SERVICES, INC.
 
STATEMENT OF CASH FLOWS
 
 
 
Year Ended December 31,
 
(in thousands)
 
2016
  
2015
  
2014
 
Cash flows from operating activities:
         
  Net income
 
$
12,638
  
$
11,626
  
$
13,385
 
  Adjustments to reconcile net income to net
            
      cash provided by operating activities:
            
        Equity in undistributed earnings of subsidiaries
  
(7,136
)
  
(6,789
)
  
448
 
        Investment securities gains
  
(31
)
  
(76
)
  
-
 
        Other, net
  
289
   
322
   
174
 
          Net cash provided by operating activities
  
5,760
   
5,083
   
14,007
 
Cash flows from investing activities:
            
  Purchases of available-for-sale securities
  
(1
)
  
(901
)
  
(602
)
  Proceeds from the sale of available-for-sale securities
  
201
   
113
   
-
 
          Net cash provided by (used in) investing activities
  
200
   
(788
)
  
(602
)
Cash flows from financing activities:
            
  Cash dividends paid
  
(5,081
)
  
(5,151
)
  
(6,121
)
  Purchase of treasury stock
  
(3,227
)
  
(2,455
)
  
(814
)
  Purchase of restricted stock
  
-
   
(7
)
  
(170
)
          Net cash used in financing activities
  
(8,308
)
  
(7,613
)
  
(7,105
)
          Net decrease in cash
  
(2,348
)
  
(3,318
)
  
6,300
 
Cash at beginning of year
  
4,593
   
7,911
   
1,611
 
Cash at end of year
 
$
2,245
  
$
4,593
  
$
7,911