Citizens & Northern Corp · NASDAQ:CZNC

Citizens & Northern — Investor Presentation (April 2015)

13 slides from Citizens & Northern's investor presentation, Apr 23, 2015

1. Slide 1: Financial Review - Mark Hughes

   FINANCIAL REVIEW Mark Hughes

2. Slide 2: End of Period Balances and Average Balances

   FINANCIAL REVIEW END OF PERIOD BALANCES ( In Thousands) 2014 2013 2012 Available - for - sale securities $516,807 $482,658 $472,577 Gross loans 630,545 644,303 683,910 Allowance for loan losses 7,336 8,663 6,857 Total assets 1,241,963 1,237,695 1,286,907 Deposits 967,989 954,516 1,006,106 Borrowings

3. Slide 3: Income Statement

   FINANCIAL REVIEW INCOME STATEMENT ( In Thousands) As of or for the Year Ended December 31 2014 2013 2012 Net interest income $40,887 $43,149 $47,601 Provision for loan losses 476 2,047 288 Net interest income after provision for loan losses 40,411 41,102 47,313 Noninterest income excluding securitie

4. Slide 4: Per Common Share

   FINANCIAL REVIEW PER COMMON SHARE: 2014 2013 2012 Basic earnings per share $1.38 $1.51 $1.86 Diluted earnings per share $1.38 $1.50 $1.85 Cash dividends declared per share $1.04 $1.00 $0.84 Cash dividends as a % of diluted earnings per share 75.36% 66.67% 45.41% Book value per common share at period

5. Slide 5: Key Ratios

   FINANCIAL REVIEW KEY RATIOS 2014 2013 2012 Return on average assets 1.38% 1.50% 1.74% Return on average equity 9.21% 10.25% 12.91% Net interest margin (1) 3.80% 4.05% 4.26% Efficiency (2) 57.59% 53.27% 48.82% Tier 1 leverage 13.89% 13.78% 12.53% Tier 1 risk - based capital 26.26% 25.15% 22.86% Total

6. Slide 6: UBPR Peer Group Comparison

   FINANCIAL REVIEW SOURCE: UBPR for bank holding companies with total assets between $1 billion and $3 billion as of December 31, 2014 – www.ffiec.gov. Earnings and Profitability C&N Peer Group Average C&N Percentile within Peer Group Percent of Average Assets: Net interest income - fully taxable equi

7. Slide 7: Brad Scovill - NASDAQ Listed Citizens & Northern Bank

   CEO COMMENTS Val . shee Is Hy el ‘| rele a ER : Brad Scovill yaSDAQ LISTED: cane = ji Js & @AciTizeNsy NORTHERN BANK

8. Slide 8: Vision

   CEO COMMENTS ▪ Vision  Profitable Growth – Revenue  Valued Customer Relationships  Highly Engaged Team  Community Leadership  Balance

9. Slide 9: Strong Foundation

   CEO COMMENTS ▪ Strong Foundation  History  Revenue Mix  Efficiency  Capital  Scale

10. Slide 10: Challenges

    CEO COMMENTS ▪ Challenges  Economy  Interest Rates  Regulators  Technology  Talent

11. Slide 11: Opportunities

    CEO COMMENTS ▪ Opportunities  C&I Lending  Treasury/Cash Management  Wealth Management  Partnerships  Expansion/Acquisition

12. Slide 12: Strategic Focus

    CEO COMMENTS ▪ Strategic Focus  Current Markets – Penetration  Pace to Business Development  Capacity in Key Business Lines  Delivery Channels  Talent

13. Slide 13: Shareholder Value

    CEO COMMENTS ▪ Shareholder Value  Growth – Leverage and Revenue  Attractive Dividend  Share Repurchase  Investor Relations

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