CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS:
Noninterest-bearing balances	$ 19,233	$ 31,821
Interest-bearing deposits in other financial institutions	194,629	181,537
Federal funds sold	50,000	0
Total cash and cash equivalents	263,862	213,358
Investment debt securities, available for sale, at fair value	166,410	162,261
Investment equity securities, at fair value	1,251	1,288
Fair Value	37	40
Restricted investment in bank stock, at fair value	14,531	15,377
Loans held for sale	3,725	5,239
Loans	1,392,147	1,344,327
Allowance for loan losses	(14,176)	(13,803)
Loans, net	1,377,971	1,330,524
Net premises and equipment	34,025	32,702
Accrued interest receivable	8,048	8,394
Bank-owned life insurance	33,768	33,638
Investment in limited partnerships	4,607	3,944
Goodwill	17,104	17,104
Intangibles	480	671
Operating lease right of use asset	2,851	3,136
Deferred tax asset	2,946	2,526
Other assets	9,193	4,441
TOTAL ASSETS	1,940,809	1,834,643
LIABILITIES:
Interest-bearing deposits	1,126,955	1,045,086
Noninterest-bearing deposits	494,360	449,357
Total deposits	1,621,315	1,494,443
Short-term borrowings	5,747	5,244
Long-term borrowings	125,963	153,475
Accrued interest payable	651	1,112
Operating lease liability	2,898	3,175
Other liabilities	11,961	13,048
TOTAL LIABILITIES	1,768,535	1,670,497
SHAREHOLDERS’ EQUITY:
Preferred stock, 0 par value, 3,000,000 shares authorized; 0 shares issued	0	0
Common stock, par value $5.55, 22,500,000 shares authorized; 7,550,272 and 7,532,576 shares issued; 7,070,047 and 7,052,351 shares outstanding	41,945	41,847
Additional paid-in capital	53,795	52,523
Retained earnings	89,761	82,769
Accumulated other comprehensive (loss) gain:
Net unrealized gain on available for sale securities	2,373	4,714
Defined benefit plan	(3,485)	(5,596)
Treasury stock at cost, 480,225 shares	(12,115)	(12,115)
TOTAL PENNS WOODS BANCORP, INC. SHAREHOLDERS’ EQUITY	172,274	164,142
Non controlling interest	0	4
TOTAL SHAREHOLDERS' EQUITY	172,274	164,146
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,940,809	$ 1,834,643