Citizens & Northern Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company's net interest income was $11,591,000, income before income tax provision was $8,148,000 and net income was $5,939,000 or $0.48 per share and against net interest income of $12,394,000, income before income tax provision of $8,432,000 and net income of $6,141,000 or $0.51 per share for the same period a year ago. Interest and dividend income was $13,194,000 compared to $15,198,000 for the same period a year ago. The lower level of net interest income in the fourth quarter 2012 includes the effects of margin compression due to reductions in long-term interest rates, as C&N's fully taxable equivalent net interest margin of 4.19% was 0.14% lower than the corresponding fourth quarter 2011 margin.

For the full year, net interest income was $47,601,000, income before income tax provision was $31,131,000 and net income was $22,705,000 or $1.85 per basic and diluted share against net interest income of $47,700,000, income before income tax provision of $32,082,000 and profit of $23,368,000 or $1.92 per basic and diluted share and for the same period a year ago. Return on average assets was 1.74% and return on average equity was 12.91% against return on average assets of 1.78% and return on average equity of 15.30% a year ago. Common book value was $14.89 compared to $13.77 at the end of fiscal 2011. Interest and dividend income was $56,632,000 compared to $61,256,000 for the same period a year ago.