JUNIATA VALLEY FINANCIAL CORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2024

JUNIATA VALLEY FINANCIAL CORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

JUNIATA VALLEY FINANCIAL CORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

26. JUNIATA VALLEY FINANCIAL CORP. (PARENT COMPANY ONLY) FINANCIAL INFORMATION

CONDENSED BALANCE SHEETS

(Dollars in thousands)

	December 31,
	2024		2023
ASSETS
Cash and cash equivalents	$	80	$	150
Investment in bank subsidiary		46,458		39,112
Equity securities		929		879
Other assets		46		39
TOTAL ASSETS	$	47,513	$	40,180
LIABILITIES
Accounts payable and other liabilities	$	56	$	43
STOCKHOLDERS’ EQUITY		47,457		40,137
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	47,513	$	40,180

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(Dollars in thousands)

	Years Ended December 31,
	2024		2023
INCOME
Interest and dividends on investment securities available for sale	$	47	$	45
Dividends from bank subsidiary		4,400		4,772
Change in value of equity securities		50		7
Other non-interest income		—		6
TOTAL INCOME		4,497		4,830
EXPENSE
Other non-interest expense		172		149
TOTAL EXPENSE		172		149
INCOME BEFORE INCOME TAXES AND EQUITY
IN UNDISTRIBUTED NET INCOME OF SUBSIDIARY		4,325		4,681
Income tax benefit		(20)		(24)
		4,345		4,705
Undistributed net income of subsidiary		1,884		1,891
NET INCOME		6,229		6,596
OTHER COMPREHENSIVE INCOME		5,320		3,227
TOTAL COMPREHENSIVE INCOME	$	11,549	$	9,823

CONDENSED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

	Years Ended December 31,
	2024		2023
Cash flows from operating activities:
Net income	$	6,229	$	6,596
Adjustments to reconcile net income to net cash provided by operating activities:
Undistributed net income of subsidiary		(1,884)		(1,891)
Change in value of equity securities		(50)		(7)
(Increase) decrease in other assets		(7)		46
Increase in other liabilities		13		15
Net cash provided by operating activities		4,301		4,759
Cash flows from investing activities:
Proceeds from the maturity of available for sale investment securities		—		—
Net cash provided by investing activities		—		—
Cash flows from financing activities:
Cash dividends		(4,400)		(4,406)
Purchase of treasury stock		(3)		(324)
Treasury stock issued for stock plans		32		62
Net cash used in financing activities		(4,371)		(4,668)
Net (decrease) increase in cash and cash equivalents		(70)		91
Cash and cash equivalents at beginning of year		150		59
Cash and cash equivalents at end of year	$	80	$	150