<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-K405/A
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1994 COMMISSION FILE NO. 0-16084
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CITIZENS & NORTHERN CORPORATION
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(Exact name of registrant as specified in its charter)
PENNSYLVANIA 23-2451943
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(State of Incorporation) (Employer Identification Number)
ADDRESS OF PRINCIPAL EXECUTIVE OFFICE: THOMPSON STREET
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RALSTON, PA 17763
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MAILING ADDRESS OF EXECUTIVE OFFICE: 90-92 MAIN STREET
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WELLSBORO, PA 16901
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REGISTRANT'S TELEPHONE NUMBER (INCLUDING AREA CODE): 717-265-6171
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SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: NONE
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SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:
COMMON STOCK, PAR VALUE $1.00 A SHARE
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(Title of class)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for shorter periods that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.
Yes X No
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Indicate by check mark if the disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [ X ]
The number of shares outstanding of the issuer's class of common stock as of
March 1, 1995:
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$1.00 Par Value 4,962,456 Shares
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The aggregate market value of the registrant's common stock held by
non-affiliates at March 1, 1995: $95,527,278
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
CITIZENS & NORTHERN CORPORATION
March 20, 1995 By: WILLIAM K. FRANCIS /S/
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Date William K. Francis
Chairman, President and Chief
Executive Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
March 20, 1995 By: JAMES W. SEIPLER /S/
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Date James W. Seipler
Treasurer
5
<PAGE>
BOARD OF DIRECTORS
J. ROBERT BOWER /S/ LAWRENCE F. MASE /S/
---------------------------- ----------------------------
J. Robert Bower Lawrence F. Mase
R. ROBERT DECAMP /S/ ROBERT J. MURPHY /S/
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R. Robert DeCamp Robert J. Murphy
R. JAMES DUNHAM /S/ EDWARD H. OWLETT, III /S/
---------------------------- ----------------------------
R. James Dunham Edward H. Owlett, III
ADELBERT E. ELDRIDGE /S/ F. DAVID PENNYPACKER /S/
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Adelbert E. Eldridge F. David Pennypacker
WILLIAM K. FRANCIS /S/ LEONARD SIMPSON /S/
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William K. Francis Leonard Simpson
LAURENCE R. KINGSLEY /S/ HOWARD W. SKINNER /S/
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Laurence R. Kingsley Howard W. Skinner
EDWARD L. LEARN /S/ DONALD E. TREAT /S/
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Edward L. Learn Donald E. Treat
JOHN H. MACAFEE /S/
----------------------------
John H. Macafee
6
<PAGE>
EXHIBIT INDEX
3.(i) Articles of Incorporation of the Registrant as currently in effect are
herein incorporated by reference to Exhibit D to Registrant's Form
S-4, Registration Statement dated March 27, 1987.
3.(ii) Bylaws of the Registrant as currently in effect are herein
incorporated by reference to Exhibit E to Registrant's Form S-4,
Registration Statement dated March 27, 1987.
4. Articles of Incorporation of the Registrant as currently in effect are
herein incorporated by reference to Exhibit D to Registrant's Form
S-4, Registration Statement dated March 27, 1987.
10. Page 29 of Registrant's Form S-4, Registration Statement dated
March 27, 1987, is herein incorporated by reference.
13. Annual Report to Shareholders
21. List of Subsidiaries
27. Financial Data Schedule
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<CASH> 12,407
<SECURITIES> 261,820
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 6,920
<DEPRECIATION> 0
<TOTAL-ASSETS> 546,478
<CURRENT-LIABILITIES> 0
<BONDS> 0
<COMMON> 5,016
0
0
<OTHER-SE> 41,780
<TOTAL-LIABILITY-AND-EQUITY> 46,796
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 9,833
<INCOME-TAX> 2,339
<INCOME-CONTINUING> 7,494
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 7,494
<EPS-PRIMARY> 1.51
<EPS-DILUTED> 1.51
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