Revenue during the quarter grew 18.42 percent to $11.12 million from $9.39 million in the previous year period. Net interest income for the quarter rose 27.04 percent over the prior year period to $9.71 million. Non-interest income for the quarter rose 2.31 percent over the last year period to $1.91 million.

Citizens Financial Services has made provision of $0.50 million for loan losses during the quarter, up 316.67 percent from $0.12 million in the same period last year.

Net interest margin improved 5 basis points to 3.78 percent in the quarter from 3.73 percent in the last year period.

CEO and President Randall E. Black stated, "These are exciting times here at Citizens, our financial results continue to remain solid, but do reflect costs and investments to support our strategic efforts and growth initiatives. In addition to the increased costs associated with the acquisition of FNB, the addition of two lending teams has also resulted in increased operating expenses, however, as you can see, these investments, even though in the early stages, are starting to produce results as evidenced by the third quarter loan growth."

Deposits stood at $1,008.75 million as on Sep. 30, 2016, up 26.43 percent compared with $797.85 million on Sep. 30, 2015.

Noninterest-bearing deposit liabilities were $149.85 million or 14.85 percent of total deposits on Sep. 30, 2016, compared with $106.96 million or 13.41 percent of total deposits on Sep. 30, 2015.

Investments stood at $349.15 million as on Sep. 30, 2016, up 16.14 percent or $48.52 million from year-ago. Shareholders equity was at $125.55 million as on Sep. 30, 2016.

Return on average assets moved down 15 basis points to 1.06 percent in the quarter from 1.21 percent in the last year period. At the same time, return on average equity decreased 83 basis points to 10.17 percent in the quarter from 11 percent in the last year period.

Book value per share was $37.11 for the quarter, up 9.24 percent or $3.14 compared to $33.97 for the same period last year.