CONDENSED FINANCIAL INFORMATION - PARENT COMPANY ONLY (Tables)

12 Months Ended

Dec. 31, 2013

CONDENSED FINANCIAL INFORMATION - PARENT COMPANY ONLY [Abstract]

Condensed financial information

CITIZENS FINANCIAL SERVICES, INC.
CONDENSED  BALANCE SHEET
	December 31,
(in thousands)	2013	2012
Assets:
Cash	$           1,611	$          2,366
Available-for-sale securities	914	1,286
Investment in subsidiary:
First Citizens Community Bank	97,024	93,363
Other assets	459	520
Total assets	$       100,008	$        97,535
Liabilities:
Other liabilities	$              452	$             560
Borrowed funds	7,500	7,500
Total liabilities	7,952	8,060
Stockholders' equity	92,056	89,475
Total liabilities and stockholders' equity	$       100,008	$        97,535

CITIZENS FINANCIAL SERVICES, INC.
CONDENSED  STATEMENT OF INCOME
	Year Ended December 31,
(in thousands)	2013	2012	2011
Dividends from:
Bank subsidiary	$           4,142	$          5,045	$             3,823
Available-for-sale securities	51	51	42
Total income	4,193	5,096	3,865
Realized securities gains (losses)	183	58	(38)
Expenses	638	611	488
Income before equity
in undistributed earnings
of subsidiary	3,738	4,543	3,339
Equity in undistributed
earnings - First Citizens Community Bank	9,637	9,672	9,493
Net income	$         13,375	$        14,215	$           12,832
Comprehensive income	$           7,519	$        13,897	$           16,727

CITIZENS FINANCIAL SERVICES, INC.
STATEMENT OF CASH FLOWS
	Year Ended December 31,
(in thousands)	2013	2012	2011
Cash flows from operating activities:
Net income	$         13,375	$        14,215	$           12,832
Adjustments to reconcile net income to net
cash provided by operating activities:
Equity in undistributed earnings of subsidiaries	(9,637)	(9,672)	(9,493)
Investment securities (gains) losses, net	(183)	(58)	38
Other, net	309	394	125
Net cash provided by operating activities	3,864	4,879	3,502
Cash flows from investing activities:
Purchases of available-for-sale securities	(1)	(141)	(147)
Proceeds from the sale of available-for-sale securities	538	110	184
Net cash provided by (used in) investing activities	537	(31)	37
Cash flows from financing activities:
Cash dividends paid	(3,558)	(4,601)	(3,148)
Purchase of treasury stock	(1,483)	(1,348)	(851)
Purchase of restricted stock	(115)	(142)	(159)
Net cash used in financing activities	(5,156)	(6,091)	(4,158)
Net decrease in cash	(755)	(1,243)	(619)
Cash at beginning of year	2,366	3,609	4,228
Cash at end of year	$           1,611	$          2,366	$             3,609