Trade Penns Woods Bancorp Inc - PWOD CFD

Penns Woods Company profile

About Penns Woods Bancorp, Inc.

Penns Woods Bancorp, Inc. is a bank holding company. The Company operates through its subsidiaries: Jersey Shore State Bank (JSSB) and Luzerne Bank (Luzerne) (the Banks). The Company is engaged in managing and supervising the Banks. The Company operates in Community Banking segment. The Banks are engaged in a full-service commercial banking business, making available to the community a range of financial services, including installment loans, credit cards, mortgage and home equity loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities and local government, and various types of demand and time deposits, including checking accounts, savings accounts, money market deposit accounts, certificates of deposit and individual retirement arrangements (IRAs). The Company’s subsidiaries also include Woods Real Estate Development Co., Inc., Woods Investment Company, Inc., The M Group Inc. and United Insurance Solutions, LLC.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Penns Woods Bancorp, Inc. interest income decreased 7% to $58.4M. Net interest income after loan loss provision increased 8% to $49.1M. Net income increased 5% to $16M. Net interest income after loan loss provision reflects Net Interest Spread, Total - % increase of 1% to 2.64%, Dividend and other interest income increase of 25% to $1.2M, Tax-exempt -Investment securities increase of 1% to $655K.

Equity composition

Common Stock $8.33 Par, 03/11, 10M auth., 4,016,233 issd., less 180,596 shs. in Treas. @ $6.3M. Insiders own 4.89%, 7/83 per reorganization of ersey Shore State Bank. Basis: 1-for-1. 7/95, 3-for-2 split; 1/98, 2-for-1 stock split; 10/03, 5/99, 10% dividends. 11/05, 6-for-5 stock split.

300 Market Street
WILLIAMSPORT
PENNSYLVANIA 17701
US