UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2010
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Check here if Amendment; [ ] Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager Filing this Report:
Name: Citizens & Northern Corporation
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Address: 90 - 92 Main Street
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Wellsboro, PA 16901
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Form 13F File Number: 28-
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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
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Title: Treasurer and Chief Financial Officer
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Phone: 570-724-3411
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Signature, Place, and Date of Signing:
Wellsboro, PA 2/11/11
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[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 reported are 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).)
List of Other Managers Reporting for this Manager:
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
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Form 13F Information Table Entry Total: 82
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Form 13F Information Table Value Total: $ 113,572
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(thousands)
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. Form 13F File Number Name
1 28- Citizens & Northern Bank
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VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1,000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Abbott Labs COM 002824100 $ 1,537 32081.000 SH DEFINED 1 32081.000
Accenture PLC SHS CLASS A G1151C101 $ 1,806 37247.000 SH DEFINED 1 37247.000
Apache Corp COM 037411105 $ 1,720 14430.000 SH DEFINED 1 14430.000
Apple Computer Inc COM 037833100 $ 224 694.000 SH DEFINED 1 694.000
AT&T Inc COM 00206R102 $ 279 9501.000 SH DEFINED 1 9501.000
Automatic Data Processing COM 053015103 $ 1,637 35366.000 SH DEFINED 1 35366.000
Baker Hughes Inc COM 057224107 $ 1,840 32184.000 SH DEFINED 1 32184.000
Bard C R Inc COM 067383109 $ 1,514 16498.000 SH DEFINED 1 16498.000
Baxter Intl Inc COM 071813109 $ 1,083 21402.000 SH DEFINED 1 21402.000
Blackrock Muniyield PA Insd Fd COM 09255G107 $ 255 18951.000 SH DEFINED 1 18951.000
Blackrock, Inc. COM 09247X101 $ 1,518 7967.000 SH DEFINED 1 7967.000
CBT FINANCIAL CORP COM COM 12495U100 $ 245 11258.000 SH SOLE 11258.000
CCFNB BANCORP COM 124880105 $ 1,348 48132.000 SH SOLE 48132.000
CH Robinson Worldwide COM NEW 12541W209 $ 1,749 21813.000 SH DEFINED 1 21813.000
Charles Schwab Corp COM 808513105 $ 1,442 84296.000 SH DEFINED 1 84296.000
Chevron Corp COM 166764100 $ 2,194 24046.000 SH DEFINED 1 24046.000
Citizens & Northern Corp COM 172922106 $ 4,618 310760.177 SH DEFINED 1 310760.177
CITIZENS FINANCIAL SVCS COM 174615104 $ 239 6586.000 SH SOLE 6586.000
CME Group Inc COM 12572Q105 $ 1,559 4845.000 SH DEFINED 1 4845.000
Cognizant Technology Solutions CL A 192446102 $ 213 2903.000 SH DEFINED 1 2903.000
Colgate Palmolive Co COM 194162103 $ 1,512 18811.000 SH DEFINED 1 18811.000
Corning Inc COM 219350105 $ 504 26083.000 SH DEFINED 1 26083.000
Danaher Corp COM 235851102 $ 1,803 38231.000 SH DEFINED 1 38231.000
Darden Restaurants Inc COM 237194105 $ 1,212 26091.000 SH DEFINED 1 26091.000
DIMECO INC COM 25432W104 $ 364 10100.000 SH DEFINED 1 10100.000
Disney Walt Co COM DISNEY 254687106 $ 240 6402.000 SH DEFINED 1 6402.000
Eaton Vance COM NON VTG 278265103 $ 1,311 43363.000 SH DEFINED 1 43363.000
Ecolab Inc. COM 278865100 $ 1,421 28184.000 SH DEFINED 1 28184.000
Expeditors Intl Wash Inc COM 302130109 $ 1,861 34085.000 SH DEFINED 1 34085.000
Exxon Mobil Corp COM 30231G102 $ 2,027 27726.000 SH DEFINED 1 27726.000
Fifth Third Bancorp COM 316773100 $ 426 29022.000 SH DEFINED 1 29022.000
FNB Corporation COM 302520101 $ 1,294 131754.000 SH DEFINED 1 131754.000
FRANKLIN FINANCIAL COM 353525108 $ 337 18491.000 SH SOLE 18491.000
Franklin Resources Inc COM 354613101 $ 1,402 12611.000 SH DEFINED 1 12611.000
General Dynamics Corp COM 369550108 $ 1,456 20520.000 SH DEFINED 1 20520.000
General Elec Co COM 369604103 $ 587 32085.000 SH DEFINED 1 32085.000
International Business Machines COM 459200101 $ 1,783 12149.000 SH DEFINED 1 12149.000
Intuit COM 461202103 $ 206 4174.000 SH DEFINED 1 4174.000
iShares S&P 500 Index Fd S&P 500 INDEX 464287200 $ 776 6149.000 SH DEFINED 1 6149.000
iShares S&P MidCap 400 Index Fd S&P MIDCAP 400 464287507 $ 17,036 187844.000 SH DEFINED 1 187844.000
Jacobs Engr Group Inc COM 469814107 $ 207 4510.000 SH DEFINED 1 4510.000
Johnson & Johnson COM 478160104 $ 1,430 23119.000 SH DEFINED 1 23119.000
Linear Tech Corp COM 535678106 $ 1,776 51350.000 SH DEFINED 1 51350.000
M & T Bank Corp COM 55261F104 $ 533 6121.000 SH DEFINED 1 6121.000
McDonalds Corp COM 580135101 $ 1,064 13867.000 SH DEFINED 1 13867.000
Medtronic Inc COM 585055106 $ 1,124 30299.000 SH DEFINED 1 30299.000
Microchip Technology Inc COM 595017104 $ 1,465 42830.000 SH DEFINED 1 42830.000
Microsoft Corp COM 594918104 $ 1,915 68623.000 SH DEFINED 1 68623.000
MUNCY BANK FINANCIAL COM 62600N103 $ 789 19736.000 SH DEFINED 1 19736.000
National Fuel Gas Co N J COM 636180101 $ 402 6127.000 SH DEFINED 1 6127.000
National Oilwell Varco, Inc COM 637071101 $ 227 3375.000 SH DEFINED 1 3375.000
National Semiconductor Corp COM 637640103 $ 1,332 96811.000 SH DEFINED 1 96811.000
Nike, Inc. Class B CL B 654106103 $ 1,452 16996.000 SH DEFINED 1 16996.000
Noble Corporation New NAMEN -AKT H5833N103 $ 1,468 41045.000 SH DEFINED 1 41045.000
Oracle Corp COM 68389X105 $ 1,825 58302.000 SH DEFINED 1 58302.000
PENSECO FINANCIAL SERVS COM 709570105 $ 611 17208.000 SH SOLE 17208.000
Pepsico Inc COM 713448108 $ 1,627 24904.000 SH DEFINED 1 24904.000
Pfizer Inc COM 717081103 $ 219 12524.000 SH DEFINED 1 12524.000
PG&E Corp COM 69331C108 $ 1,229 25692.000 SH DEFINED 1 25692.000
Praxair Inc COM 74005P104 $ 1,417 14844.000 SH DEFINED 1 14844.000
Procter & Gamble Co COM 742718109 $ 1,848 28733.000 SH DEFINED 1 28733.000
Qualcomm Inc COM 747525103 $ 1,489 30088.000 SH DEFINED 1 30088.000
Robert Half Int'l Inc COM 770323103 $ 208 6793.000 SH DEFINED 1 6793.000
Schlumberger Ltd COM 806857108 $ 1,686 20191.000 SH DEFINED 1 20191.000
SEI Investment Company COM 784117103 $ 1,634 68692.000 SH DEFINED 1 68692.000
Staples Inc COM 855030102 $ 1,155 50728.000 SH DEFINED 1 50728.000
SUSQUEHANNA BANCSHARES COM 869099101 $ 97 10000.000 SH SOLE 10000.000
SYSCO Corp COM 871829107 $ 1,442 49052.000 SH DEFINED 1 49052.000
T. Rowe Price Group, Inc. COM 74144T108 $ 1,729 26790.000 SH DEFINED 1 26790.000
Target Corp COM 87612E106 $ 1,544 25685.000 SH DEFINED 1 25685.000
Teva Pharmaceutical Inds Ltd Adr ADR 881624209 $ 1,147 22004.000 SH DEFINED 1 22004.000
Texas Instruments Inc COM 882508104 $ 1,551 47727.000 SH DEFINED 1 47727.000
Tjx Companies (New) COM 872540109 $ 1,270 28610.000 SH DEFINED 1 28610.000
United Parcel Service Inc.
Class B CL B 911312106 $ 1,726 23781.000 SH DEFINED 1 23781.000
Vanguard Emerging Markets ETF EMR MKT ETF 922042858 $ 704 14630.000 SH DEFINED 1 14630.000
Verizon Communications COM 92343V104 $ 1,109 30991.000 SH DEFINED 1 30991.000
W W Grainger Inc COM 384802104 $ 1,548 11209.000 SH DEFINED 1 11209.000
Walgreen Co COM 931422109 $ 1,706 43792.000 SH DEFINED 1 43792.000
Wal-Mart Stores Inc COM 931142103 $ 1,445 26791.000 SH DEFINED 1 26791.000
Wells Fargo & Co New COM 949746101 $ 1,539 49663.000 SH DEFINED 1 49663.000
WVS FINANCIAL CORP COM 929358109 $ 99 10859.000 SH DEFINED 1 10859.000
YUM Brands Inc COM 988498101 $ 202 4121.000 SH DEFINED 1 4121.000
$113,572 2664048.177 2664048.177