{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-000063","form_type":"8-K","ticker":"CZNC","cik":"0000810958","company_name":"CITIZENS & NORTHERN CORP","filed_at":"2024-01-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.979037+00:00","generated_at":"2026-06-07T04:23:40.880531+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Citizens & Northern reprices AFS securities and BOLI; Q4 charge $0.08/sh expects recovery in 2024","bullets":["Sold $45.5M AFS debt securities, pre-tax loss of $3.0M; purchased $13.7M new AFS securities yielding 4.83%.","Initiated surrender of $14.3M BOLI (tax charge ~$950k); purchased $30M new BOLI yielding 4.41% vs 2.20%.","Net Q4 2023 charge to earnings of $1.253M ($0.08 diluted EPS); management expects recovery in <1 year.","Estimated positive contribution of $1.5M to net income in 2024 from reinvestment at higher yields.","New BOLI taxable-equivalent yield 5.58%; sold AFS book yield 1.42% with 2.7-year average life."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-000063","json":"https://secwatch.observer/filing/0001558370-24-000063.json","markdown":"https://secwatch.observer/filing/0001558370-24-000063.md","text":"https://secwatch.observer/filing/0001558370-24-000063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/810958/000155837024000063/0001558370-24-000063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/810958/000155837024000063/cznc-20231214x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T04:23:40.880531+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}