Citizens Financial Services Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported income before provision for income taxes of $4,206,000, net income of $3,296,000 or $1.09 diluted per share on net interest income of $7,510,000 against income before provision for income taxes of $4,684,000, net income of $3,549,000 or $1.17 diluted per share on net interest income of $7,588,000 for the same period a year ago. Return on average assets (annualized) was 1.47% against 1.62% for the same period a year ago. Return on average equity (annualized) was 14.21% against 16.74% for the same period a year ago.

For the year, the company reported income before provision for income taxes of $17,127,000, net income of $13,375,000 or $4.42 diluted per share on net interest income of $29,919,000 against income before provision for income taxes of $18,546,000, net income of $14,215,000 or $4.65 diluted per share on net interest income of $30,426,000 for the same period a year ago. Return on average assets (annualized) was 1.51% against 1.62% for the same period a year ago. Return on average equity (annualized) was 14.89% against 17.48% for the same period a year ago. Book value per share was $30.94.