PENNS WOODS BANCORP INC
pwod.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2025 10-Q, filed May 13, 2025. Its latest SEC filing is a 15-12G from Aug 8, 2025.
10-Q for Q1 FY2025, filed May 13, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Provides commercial and retail banking services, including deposits, loans and safe-deposit services, to businesses and individuals; also offers insurance and securities brokerage services.
10-K for FY2024, filed Mar 13, 2025The Banks are engaged in commercial and retail banking which includes the acceptance of time, savings, and demand deposits, the funding of…View ↗
In October 2000, JSSB acquired The M Group, Inc. D/B/A The Comprehensive Financial Group (“The M Group”). The M Group, which operates as a…View ↗
United Insurance Solutions, LLC offers property and casualty and auto insurance products within the Corporation's market footprint. The…View ↗
Both segments operate as commercial banks serving customer within differing regions of Pennsylvania. Both segments include commercial and…View ↗
How Did They Make Money?
The banks earn interest on loans and investments while paying interest on deposits and borrowings. They also collect fees from customer account and card transactions, generally when each transaction is completed.
10-K for FY2024, filed Mar 13, 2025Net interest income is determined by calculating the difference between the yields earned on interest-earning assets and the rates paid on…View ↗
Topic 606 is applicable to noninterest revenue streams such as service charges on deposit accounts, merchant income, wire transfer income…View ↗
Interchange fees are one source of debit and credit card income that is comprised of an amount merchants pay card-issuing banks for the…View ↗
$109.7M
-
10-K for FY2024, filed Mar 14, 2025
$109.7M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Debit card transaction fees
Usage-based
10-K for FY2024, filed Mar 13, 2025 |
36%
FY2021: 37%
|
Debit card transaction fees, FY2024
$2.7M Sources
|
Usage-based |
|
Other processing service fees
Usage-based
|
4.6%
FY2021: 3.2%
|
Other processing service fees, FY2024
$344K Sources
|
Usage-based |
|
Gross interchange and card based transaction fees
Usage-based
10-K for FY2024, filed Mar 13, 2025 |
40%
FY2021: 40%
|
Gross interchange and card based transaction fees, FY2024
$3M Sources
|
Usage-based |
|
Debit card income
Usage-based
10-K for FY2024, filed Mar 13, 2025 |
19%
FY2021: 21%
|
Debit card income, FY2024
$1.4M Sources
|
Usage-based |
Who Were Their Customers?
The banks serve businesses and individual consumers in their Pennsylvania regions, delivering services through branches, ATMs, online banking and telephone banking.
10-K for FY2024, filed Mar 13, 2025
Did Revenues Turn Into Profits?
Yes. It kept 16 cents of every revenue dollar as net income in FY2024.
10-K for FY2024, filed Mar 14, 2025
10-K for FY2024, filed Mar 14, 2025
$17.7MView ↗
How Were They Changing?
-
Jul 28, 2025
Penns Woods merged into Northwest and its shares were delisted
Jersey Shore State Bank and Luzerne Bank also merged into Northwest Bank.
Sources
8-K, filed Jul 28, 2025
Pursuant to the Merger Agreement, on the Closing Date, Penns Woods merged with and into Northwest (the “Merger”), with Northwest continuing…View ↗
Grew. Revenue grew 85.7x in 4 years, from $1.3M in FY2020 to $109.7M in FY2024, about 204% a year.
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