CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS:
Noninterest-bearing balances	$ 34,987	$ 24,725
Interest-bearing balances in other financial institutions	191,285	23,864
Total cash and cash equivalents	226,272	48,589
Investment debt securities, available for sale, at fair value	149,675	148,619
Investment equity securities, at fair value	1,291	1,261
Investment securities, trading	35	51
Restricted investment in bank stock, at fair value	15,006	13,528
Loans held for sale	6,647	4,232
Loans	1,349,140	1,355,544
Allowance for loan losses	(13,429)	(11,894)
Loans, net	1,335,711	1,343,650
Premises and equipment, net	32,886	32,929
Accrued interest receivable	8,540	5,246
Bank-owned life insurance	33,474	29,253
Goodwill	17,104	17,104
Intangibles	724	898
Operating lease right-of-use asset	3,184	4,154
Deferred tax asset	3,409	3,338
Other assets	6,821	12,471
TOTAL ASSETS	1,840,779	1,665,323
LIABILITIES:
Interest-bearing deposits	1,057,562	989,259
Noninterest-bearing deposits	434,248	334,746
Total deposits	1,491,810	1,324,005
Short-term borrowings	15,009	4,920
Long-term borrowings	153,534	161,920
Accrued interest payable	1,491	1,671
Operating lease liability	3,219	4,170
Other liabilities	13,287	13,655
TOTAL LIABILITIES	1,678,350	1,510,341
SHAREHOLDERS’ EQUITY:
Preferred stock, no par value, 3,000,000 shares authorized; no shares issued	0	0
Common stock, par value 5.55, 22,500,000 shares authorized; 7,527,605 and 7,520,740 shares issued; 7,047,380 and 7,040,515 outstanding	41,820	41,782
Additional paid-in capital	52,268	51,487
Retained earnings	81,127	76,583
Accumulated other comprehensive loss:
Net unrealized gain on available for sale securities	4,440	2,455
Defined benefit plan	(5,118)	(5,232)
Treasury stock at cost, 480,225	(12,115)	(12,115)
TOTAL PENNS WOODS BANCORP, INC. SHAREHOLDERS' EQUITY	162,422	154,960
Non-controlling interest	7	22
TOTAL SHAREHOLDERS' EQUITY	162,429	154,982
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,840,779	$ 1,665,323