# EDGAR Filing Document

**Accession Number:** 0000810958
**File Stem:** 0001104659-23-021645
**Filing Date:** 2023-2
**Character Count:** 13931
**Document Hash:** 46ede36ae2d0557f6b16dd946c9b6971
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-021645.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001104659-23-021645

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITIZENS & NORTHERN CORP
- **CENTRAL INDEX KEY:** 0000810958
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 232451943
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14195
- **FILM NUMBER:** 23629580

**BUSINESS ADDRESS:**
- **STREET 1:** 90-92 MAIN ST
- **CITY:** WELLSBORO
- **STATE:** PA
- **ZIP:** 16901
- **BUSINESS PHONE:** 877-838-2517

**MAIL ADDRESS:**
- **STREET 1:** 90-92 MAIN ST
- **CITY:** WELLSBORO
- **STATE:** PA
- **ZIP:** 16901

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** CITIZENS  NORTHERN CORP<br>**Address:** 90-92 Main St<br>Wellsboro, PA 16901

**Form 13F File Number:** 028-14195

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Mark A. Hughes<br>**Title:** Executive Vice President and Chief Financial Officer<br>**Phone:** 570-724-3411

**Signature, Place, and Date of Signing:**

/s/ Mark A. Hughes  Wellsboro, PA  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 99

**Form 13F Information Table Value Total:** $242084530

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                    | Form 13F File Number   |
|:---|:---|:---|
|  | Citizens  Northern Bank | 028-14473              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Abbott Labs | COM | 002824100 |  | 3170955 | 28882 | SH |  | DFND | 1 | 28882 | 0 | 0 |
| Amazon Communications Inc | COM | 023135106 |  | 3074064 | 36596 | SH |  | DFND | 1 | 36596 | 0 | 0 |
| Analog Devices Inc | COM | 032654105 |  | 1564518 | 9538 | SH |  | DFND | 1 | 9538 | 0 | 0 |
| Apple Computer Inc | COM | 037833100 |  | 7979781 | 61416 | SH |  | DFND | 1 | 61416 | 0 | 0 |
| Bath  Body Works | COM | 070830104 |  | 770572 | 18286 | SH |  | DFND | 1 | 18286 | 0 | 0 |
| Berkshire Hathaway Inc Class B New | CL B NEW | 084670702 |  | 350910 | 1136 | SH |  | DFND | 1 | 1136 | 0 | 0 |
| Boeing Co | COM | 097023105 |  | 873587 | 4586 | SH |  | DFND | 1 | 4586 | 0 | 0 |
| Bristol Myers Squibb Co | COM | 110122108 |  | 1495912 | 20791 | SH |  | DFND | 1 | 20791 | 0 | 0 |
| CVS Health Corporation | COM | 126650100 |  | 2851428 | 30598 | SH |  | DFND | 1 | 30598 | 0 | 0 |
| Caterpillar Inc | COM | 149123101 |  | 221593 | 925 | SH |  | DFND | 1 | 925 | 0 | 0 |
| Chevron Corp | COM | 166764100 |  | 1510947 | 8418 | SH |  | DFND | 1 | 8418 | 0 | 0 |
| Chipotle Mexican Grill Inc Corp Common | COM | 169656105 |  | 1906411 | 1374 | SH |  | DFND | 1 | 1374 | 0 | 0 |
| Citizens  Northern Corp | COM | 172922106 |  | 7436996 | 325328 | SH |  | DFND | 1 | 325328 | 0 | 0 |
| Citigroup Inc Common New | COM NEW | 172967424 |  | 773162 | 17094 | SH |  | DFND | 1 | 17094 | 0 | 0 |
| Citizens Financial Services Inc | COM | 174615104 |  | 6669807 | 86937 | SH |  | DFND | 1 | 86937 | 0 | 0 |
| Coca Cola Co | COM | 191216100 |  | 1589741 | 24992 | SH |  | DFND | 1 | 24992 | 0 | 0 |
| Community Bank System Inc | COM | 203607106 |  | 328347 | 5216 | SH |  | DFND | 1 | 5216 | 0 | 0 |
| Corning Inc | COM | 219350105 |  | 714402 | 22367 | SH |  | DFND | 1 | 22367 | 0 | 0 |
| Danaher Corp | COM | 235851102 |  | 221360 | 834 | SH |  | DFND | 1 | 834 | 0 | 0 |
| Deere  Co | COM | 244199105 |  | 2104783 | 4909 | SH |  | DFND | 1 | 4909 | 0 | 0 |
| Disney Walt Co | COM | 254687106 |  | 591653 | 6810 | SH |  | DFND | 1 | 6810 | 0 | 0 |
| Fidelity MSCI Real Estate Index ETF | MSCI RL EST ETF | 316092857 |  | 15439933 | 622327 | SH |  | DFND | 1 | 622327 | 0 | 0 |
| General Dynamics Corp | COM | 369550108 |  | 2004481 | 8079 | SH |  | DFND | 1 | 8079 | 0 | 0 |
| W W Grainger Inc | COM | 384802104 |  | 1292725 | 2324 | SH |  | DFND | 1 | 2324 | 0 | 0 |
| Halliburton Co | COM | 406216101 |  | 1162478 | 29542 | SH |  | DFND | 1 | 29542 | 0 | 0 |
| Home Depot Inc | COM | 437076102 |  | 2129844 | 6743 | SH |  | DFND | 1 | 6743 | 0 | 0 |
| Honeywell Intl Inc | COM | 438516106 |  | 2072924 | 9673 | SH |  | DFND | 1 | 9673 | 0 | 0 |
| Illinois Tool Works Inc | COM | 452308109 |  | 317673 | 1442 | SH |  | DFND | 1 | 1442 | 0 | 0 |
| Intel Corp | COM | 458140100 |  | 906866 | 34312 | SH |  | DFND | 1 | 34312 | 0 | 0 |
| International Business Machines | COM | 459200101 |  | 1449335 | 10287 | SH |  | DFND | 1 | 10287 | 0 | 0 |
| iShares Barclays TIPS Bond Fund | TIPS BD ETF | 464287176 |  | 206494 | 1940 | SH |  | DFND | 1 | 1940 | 0 | 0 |
| iShares Core S 500 ETF | CORE S ETF | 464287200 |  | 313131 | 815 | SH |  | DFND | 1 | 815 | 0 | 0 |
| iShares S MidCap 400 Index Fd | CORE S MCP ETF | 464287507 |  | 8490339 | 35100 | SH |  | DFND | 1 | 35100 | 0 | 0 |
| iShares Russell 1000 Value ETF | RUS 1000 VAL ETF | 464287598 |  | 478152 | 3153 | SH |  | DFND | 1 | 3153 | 0 | 0 |
| iShares Trust Russell 1000 Growth ETF | RUS 1000 GRW ETF | 464287614 |  | 739128 | 3450 | SH |  | DFND | 1 | 3450 | 0 | 0 |
| iShares JPMorgan USD Emerging Markets Bond ETF | JPMORGAN USD EMG | 464288281 |  | 8565837 | 101263 | SH |  | DFND | 1 | 101263 | 0 | 0 |
| iShares iBoxx $ High Yield Corp Bond ETF | IBOXX HI YD ETF | 464288513 |  | 490008 | 6655 | SH |  | DFND | 1 | 6655 | 0 | 0 |
| iShares Barclays MBS Bond Fund ETF | MBS ETF | 464288588 |  | 2163023 | 23321 | SH |  | DFND | 1 | 23321 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 521824 | 2954 | SH |  | DFND | 1 | 2954 | 0 | 0 |
| Lauder (Estee) Cos Inc Class A | CL A | 518439104 |  | 1907470 | 7688 | SH |  | DFND | 1 | 7688 | 0 | 0 |
| Lowes Cos Inc | COM | 548661107 |  | 229126 | 1150 | SH |  | DFND | 1 | 1150 | 0 | 0 |
| Marsh  McLennan Cos Inc | COM | 571748102 |  | 1085218 | 6558 | SH |  | DFND | 1 | 6558 | 0 | 0 |
| McDonalds Corp | COM | 580135101 |  | 1755900 | 6663 | SH |  | DFND | 1 | 6663 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 7940200 | 33109 | SH |  | DFND | 1 | 33109 | 0 | 0 |
| Mondelez Intl Inc Class A | CL A | 609207105 |  | 2205249 | 33087 | SH |  | DFND | 1 | 33087 | 0 | 0 |
| National Fuel Gas Co N J | COM | 636180101 |  | 234337 | 3702 | SH |  | DFND | 1 | 3702 | 0 | 0 |
| Nike Inc. Class B | CL B | 654106103 |  | 2557137 | 21854 | SH |  | DFND | 1 | 21854 | 0 | 0 |
| Norfolk Southern Corp | COM | 655844108 |  | 1828190 | 7419 | SH |  | DFND | 1 | 7419 | 0 | 0 |
| Palo Alto Networks Inc Common | COM | 697435105 |  | 1094552 | 7844 | SH |  | DFND | 1 | 7844 | 0 | 0 |
| Pfizer Inc | COM | 717081103 |  | 2011887 | 39264 | SH |  | DFND | 1 | 39264 | 0 | 0 |
| Procter  Gamble Co | COM | 742718109 |  | 2905708 | 19172 | SH |  | DFND | 1 | 19172 | 0 | 0 |
| Rockwell Automation Inc Common | COM | 773903109 |  | 206056 | 800 | SH |  | DFND | 1 | 800 | 0 | 0 |
| Roper Industries Inc New | COM | 776696106 |  | 481780 | 1115 | SH |  | DFND | 1 | 1115 | 0 | 0 |
| Schlumberger Ltd | COM STK | 806857108 |  | 1980533 | 37047 | SH |  | DFND | 1 | 37047 | 0 | 0 |
| SYSCO Corp | COM | 871829107 |  | 203586 | 2663 | SH |  | DFND | 1 | 2663 | 0 | 0 |
| Tjx Companies (New) | COM | 872540109 |  | 1448800 | 18201 | SH |  | DFND | 1 | 18201 | 0 | 0 |
| Union Pacific Corp | COM | 907818108 |  | 1044461 | 5044 | SH |  | DFND | 1 | 5044 | 0 | 0 |
| Vanguard Dividend Appreciation Index ETF | DIV APP ETF | 921908844 |  | 573234 | 3775 | SH |  | DFND | 1 | 3775 | 0 | 0 |
| Amerisourcebergen Corp | COM | 03073E105 |  | 1195101 | 7212 | SH |  | DFND | 1 | 7212 | 0 | 0 |
| Target Corp | COM | 87612E106 |  | 214767 | 1441 | SH |  | DFND | 1 | 1441 | 0 | 0 |
| AT Inc | COM | 00206R102 |  | 321162 | 17445 | SH |  | DFND | 1 | 17445 | 0 | 0 |
| Adobe Systems Inc | COM | 00724F101 |  | 906948 | 2695 | SH |  | DFND | 1 | 2695 | 0 | 0 |
| Alphabet Inc Class C | CAP STK CL C | 02079K107 |  | 5336577 | 60144 | SH |  | DFND | 1 | 60144 | 0 | 0 |
| American Tower REIT Inc | COM | 03027X100 |  | 2110549 | 9962 | SH |  | DFND | 1 | 9962 | 0 | 0 |
| Biogen Idec Inc | COM | 09062X103 |  | 1346108 | 4861 | SH |  | DFND | 1 | 4861 | 0 | 0 |
| Blackrock Inc. | COM | 09247X101 |  | 1014758 | 1432 | SH |  | DFND | 1 | 1432 | 0 | 0 |
| Blackstone Inc | COM | 09260D107 |  | 1171015 | 15784 | SH |  | DFND | 1 | 15784 | 0 | 0 |
| CDW Corporation | COM | 12514G108 |  | 1166663 | 6533 | SH |  | DFND | 1 | 6533 | 0 | 0 |
| CME Group Inc | COM | 12572Q105 |  | 215917 | 1284 | SH |  | DFND | 1 | 1284 | 0 | 0 |
| Cisco Systems Inc | COM | 17275R102 |  | 1582744 | 33223 | SH |  | DFND | 1 | 33223 | 0 | 0 |
| Comcast Corp Class A | CL A | 20030N101 |  | 1674014 | 47870 | SH |  | DFND | 1 | 47870 | 0 | 0 |
| Costco Wholesale Corp (New) | COM | 22160K105 |  | 2776890 | 6083 | SH |  | DFND | 1 | 6083 | 0 | 0 |
| DuPont de Nemours Inc | COM | 26614N102 |  | 801667 | 11681 | SH |  | DFND | 1 | 11681 | 0 | 0 |
| EOG Resources Inc. | COM | 26875P101 |  | 1290149 | 9961 | SH |  | DFND | 1 | 9961 | 0 | 0 |
| Exxon Mobil Corp | COM | 30231G102 |  | 3282197 | 29757 | SH |  | DFND | 1 | 29757 | 0 | 0 |
| Meta Platforms Inc | CL A | 30303M102 |  | 1741199 | 14469 | SH |  | DFND | 1 | 14469 | 0 | 0 |
| Flexshares Morningstar Global Upstream Nat Res Index ETF | MORNSTAR UPSTR | 33939L407 |  | 21529691 | 495277 | SH |  | DFND | 1 | 495277 | 0 | 0 |
| FlexShares Core Select Bond Fund ETF | CRE SLCT BD FD | 33939L670 |  | 265086 | 12085 | SH |  | DFND | 1 | 12085 | 0 | 0 |
| FlexShares STOXX US ESG Select Index ETF | STOX US ESG SLCT | 33939L696 |  | 211566 | 2304 | SH |  | DFND | 1 | 2304 | 0 | 0 |
| Freeport-McMoran Inc. | CL B | 35671D857 |  | 751982 | 19789 | SH |  | DFND | 1 | 19789 | 0 | 0 |
| GSK PLC ADR | SPONSORED ADR | 37733W204 |  | 1414982 | 40267 | SH |  | DFND | 1 | 40267 | 0 | 0 |
| Intercontinental Exchange Inc Common | COM | 45866F104 |  | 1427540 | 13915 | SH |  | DFND | 1 | 13915 | 0 | 0 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 4079456 | 30421 | SH |  | DFND | 1 | 30421 | 0 | 0 |
| Mastercard Inc Class A | CL A | 57636Q104 |  | 3630649 | 10441 | SH |  | DFND | 1 | 10441 | 0 | 0 |
| Nextera Energy Inc | COM | 65339F101 |  | 1602612 | 19170 | SH |  | DFND | 1 | 19170 | 0 | 0 |
| Nvidia Corp | COM | 67066G104 |  | 2598954 | 17784 | SH |  | DFND | 1 | 17784 | 0 | 0 |
| Oracle Corp | COM | 68389X105 |  | 218900 | 2678 | SH |  | DFND | 1 | 2678 | 0 | 0 |
| SPDR S 500 ETF Trust | TR UNIT | 78462F103 |  | 1187445 | 3105 | SH |  | DFND | 1 | 3105 | 0 | 0 |
| SPDR Portfolio Long Term Treasury ETF | PORTFOLIO LN TSR | 78464A664 |  | 972737 | 33508 | SH |  | DFND | 1 | 33508 | 0 | 0 |
| SPDR Portfolio S 400 Mid Cap ETF | PORTFOLIO S | 78464A847 |  | 8898225 | 209370 | SH |  | DFND | 1 | 209370 | 0 | 0 |
| SPDR Dow Jones Industrial Average ETF Trust | UT SER 1 | 78467X109 |  | 842572 | 2543 | SH |  | DFND | 1 | 2543 | 0 | 0 |
| Salesforce Inc. | COM | 79466L302 |  | 1528498 | 11528 | SH |  | DFND | 1 | 11528 | 0 | 0 |
| Truist Financial Corporation | COM | 89832Q109 |  | 1614658 | 37524 | SH |  | DFND | 1 | 37524 | 0 | 0 |
| Unitedhealth Group Inc. | COM | 91324P102 |  | 355221 | 670 | SH |  | DFND | 1 | 670 | 0 | 0 |
| Vanguard Total International Bond Index Fund ETF | TOTAL INT BD ETF | 92203J407 |  | 878878 | 18530 | SH |  | DFND | 1 | 18530 | 0 | 0 |
| Vanguard Russell 1000 Growth ETF | VNG RUS1000GRW | 92206C680 |  | 30744558 | 557775 | SH |  | DFND | 1 | 557775 | 0 | 0 |
| Verizon Communications | COM | 92343V104 |  | 553176 | 14040 | SH |  | DFND | 1 | 14040 | 0 | 0 |
| Zimmer Biomet Holdings Inc. | COM | 98956P102 |  | 1742543 | 13667 | SH |  | DFND | 1 | 13667 | 0 | 0 |
| Accenture PLC | SHS CLASS A | G1151C101 |  | 247628 | 928 | SH |  | DFND | 1 | 928 | 0 | 0 |

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