Citizens Financial Services Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, total interest income was $9,361,000 against $9,646,000 for the same period a year ago. Net interest income was $7,588,000 against $7,391,000 for the same period a year ago. Net income was $3,549,000 or $1.22 basic and diluted per share against $3,477,000 or $1.18 basic and diluted per share for the same period a year ago. Return on average assets (annualized) was 1.62% against 1.61% a year ago. Return on average equity (annualized) was 16.74% against 18.45% a year ago.

For the year, total interest income was $38,085,000 against $38,293,000 for the same period a year ago. Net interest income was $30,426,000 against $28,610,000 for the same period a year ago. Net income was $14,215,000 or $4.88 basic and diluted per share against $12,832,000 or $4.36 basic and diluted per share for the same period a year ago. Return on average assets (annualized) was 1.62% against 1.52% a year ago. Return on average equity (annualized) was 17.48% against 17.86% a year ago. Book value per share as at December 31, 2012 was $29.27 against $26.36 as at December 31, 2011.