UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2011
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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: 28-14195
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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:
/s/ Mark A. Hughes Wellsboro, PA 5/11/11
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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: 78
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Form 13F Information Table Value Total: $ 103,478
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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 $ 1,395 28434.000 SH DEFINED 1 28434.000
Accenture PLC SHS CLASS A G1151C101 $ 1,598 29076.000 SH DEFINED 1 29076.000
Apache Corp COM 037411105 $ 1,644 12558.000 SH DEFINED 1 12558.000
AT&T Inc COM 00206R102 $ 260 8487.000 SH DEFINED 1 8487.000
Automatic Data Processing COM 053015103 $ 1,557 30338.000 SH DEFINED 1 30338.000
Baker Hughes Inc COM 057224107 $ 1,849 25182.000 SH DEFINED 1 25182.000
Bard C R Inc COM 067383109 $ 1,277 12849.000 SH DEFINED 1 12849.000
Baxter Intl Inc COM 071813109 $ 1,078 20040.000 SH DEFINED 1 20040.000
Blackrock, Inc. COM 09247X101 $ 1,335 6643.000 SH DEFINED 1 6643.000
CBT FINANCIAL CORP COM COM 12495U100 $ 291 10995.000 SH SOLE 10995.000
CCFNB BANCORP COM 124880105 $ 1,492 48132.000 SH SOLE 48132.000
CH Robinson Worldwide COM NEW 12541W209 $ 1,412 19043.000 SH DEFINED 1 19043.000
Charles Schwab Corp COM 808513105 $ 1,325 73479.000 SH DEFINED 1 73479.000
Chevron Corp COM 166764100 $ 2,312 21511.000 SH DEFINED 1 21511.000
Citizens & Northern Corp COM 172922106 $ 5,201 309376.587 SH DEFINED 1 309376.587
CITIZENS FINANCIAL SVCS COM 174615104 $ 247 6586.000 SH SOLE 6586.000
CME Group Inc COM 12572Q105 $ 1,321 4380.000 SH DEFINED 1 4380.000
Cognizant Technology Solutions CL A 192446102 $ 221 2711.000 SH DEFINED 1 2711.000
Colgate Palmolive Co COM 194162103 $ 1,231 15239.000 SH DEFINED 1 15239.000
Corning Inc COM 219350105 $ 502 24328.000 SH DEFINED 1 24328.000
Danaher Corp COM 235851102 $ 1,688 32526.000 SH DEFINED 1 32526.000
Darden Restaurants Inc COM 237194105 $ 1,093 22242.000 SH DEFINED 1 22242.000
DIMECO INC COM 25432W104 $ 389 10100.000 SH SOLE 10100.000
Disney Walt Co COM DISNEY 254687106 $ 246 5702.000 SH DEFINED 1 5702.000
Eaton Vance COM NON VTG 278265103 $ 1,313 40723.000 SH DEFINED 1 40723.000
Ecolab Inc. COM 278865100 $ 1,324 25946.000 SH DEFINED 1 25946.000
Expeditors Intl Wash Inc COM 302130109 $ 1,506 30027.000 SH DEFINED 1 30027.000
Exxon Mobil Corp COM 30231G102 $ 1,921 22830.000 SH DEFINED 1 22830.000
Fifth Third Bancorp COM 316773100 $ 401 28880.000 SH DEFINED 1 28880.000
FNB Corporation COM 302520101 $ 1,386 131473.000 SH DEFINED 1 131473.000
FNBPA BANCORP, INC COM 30253U104 $ 42 1360.000 SH SOLE 1360.000
FRANKLIN FINANCIAL COM 353525108 $ 327 18491.000 SH SOLE 18491.000
Franklin Resources Inc COM 354613101 $ 1,358 10856.000 SH DEFINED 1 10856.000
General Dynamics Corp COM 369550108 $ 1,304 17033.000 SH DEFINED 1 17033.000
General Elec Co COM 369604103 $ 578 28845.000 SH DEFINED 1 28845.000
International Business Machines COM 459200101 $ 1,668 10227.000 SH DEFINED 1 10227.000
Intuit COM 461202103 $ 208 3913.000 SH DEFINED 1 3913.000
iShares S&P MidCap 400 Index Fd S&P MIDCAP 400 464287507 $ 17,762 179944.000 SH DEFINED 1 179944.000
Jacobs Engr Group Inc COM 469814107 $ 223 4339.000 SH DEFINED 1 4339.000
Johnson & Johnson COM 478160104 $ 1,195 20165.000 SH DEFINED 1 20165.000
Linear Tech Corp COM 535678106 $ 1,435 42666.000 SH DEFINED 1 42666.000
M & T Bank Corp COM 55261F104 $ 657 7426.000 SH DEFINED 1 7426.000
McDonalds Corp COM 580135101 $ 981 12893.000 SH DEFINED 1 12893.000
Medtronic Inc COM 585055106 $ 1,023 25990.000 SH DEFINED 1 25990.000
Microchip Technology Inc COM 595017104 $ 1,324 34825.000 SH DEFINED 1 34825.000
Microsoft Corp COM 594918104 $ 1,502 59152.000 SH DEFINED 1 59152.000
MUNCY BANK FINANCIAL COM 62600N103 $ 913 19736.000 SH SOLE 19736.000
National Fuel Gas Co N J COM 636180101 $ 453 6127.000 SH DEFINED 1 6127.000
National Oilwell Varco, Inc COM 637071101 $ 242 3056.000 SH DEFINED 1 3056.000
National Semiconductor Corp COM 637640103 $ 1,193 83164.000 SH DEFINED 1 83164.000
Nike, Inc. Class B CL B 654106103 $ 1,087 14364.000 SH DEFINED 1 14364.000
Noble Corporation New NAMEN -AKT H5833N103 $ 268 5883.000 SH DEFINED 1 5883.000
Oracle Corp COM 68389X105 $ 1,538 46007.000 SH DEFINED 1 46007.000
PENSECO FINANCIAL SERVS COM 709570105 $ 637 17208.000 SH SOLE 17208.000
Pepsico Inc COM 713448108 $ 1,290 20027.000 SH DEFINED 1 20027.000
Pfizer Inc COM 717081103 $ 254 12524.000 SH DEFINED 1 12524.000
Praxair Inc COM 74005P104 $ 1,310 12891.000 SH DEFINED 1 12891.000
Procter & Gamble Co COM 742718109 $ 1,521 24691.000 SH DEFINED 1 24691.000
Qualcomm Inc COM 747525103 $ 1,281 23361.000 SH DEFINED 1 23361.000
Schlumberger Ltd COM 806857108 $ 1,587 17013.000 SH DEFINED 1 17013.000
SEI Investment Company COM 784117103 $ 1,483 62119.000 SH DEFINED 1 62119.000
SPDR Gold Trust GOLD SHS 78463V107 $ 201 1438.000 SH DEFINED 1 1438.000
Staples Inc COM 855030102 $ 939 48332.000 SH DEFINED 1 48332.000
Suncor Energy Inc New Common COM 867224107 $ 1,311 29228.000 SH DEFINED 1 29228.000
SYSCO Corp COM 871829107 $ 1,118 40370.000 SH DEFINED 1 40370.000
T. Rowe Price Group, Inc. COM 74144T108 $ 1,399 21061.000 SH DEFINED 1 21061.000
Target Corp COM 87612E106 $ 1,131 22620.000 SH DEFINED 1 22620.000
Teva Pharmaceutical Inds Ltd
Adr ADR 881624209 $ 1,001 19952.000 SH DEFINED 1 19952.000
Texas Instruments Inc COM 882508104 $ 1,316 38089.000 SH DEFINED 1 38089.000
Tjx Companies (New) COM 872540109 $ 1,175 23627.000 SH DEFINED 1 23627.000
United Parcel Service Inc.
Class B CL B 911312106 $ 1,547 20822.000 SH DEFINED 1 20822.000
Vanguard Emerging Markets ETF MSCI EMR MKT
ETF 922042858 $ 784 16025.000 SH DEFINED 1 16025.000
Verizon Communications COM 92343V104 $ 1,128 29262.000 SH DEFINED 1 29262.000
W W Grainger Inc COM 384802104 $ 1,317 9565.000 SH DEFINED 1 9565.000
Walgreen Co COM 931422109 $ 1,212 30193.000 SH DEFINED 1 30193.000
Wal-Mart Stores Inc COM 931142103 $ 1,114 21398.000 SH DEFINED 1 21398.000
Wells Fargo & Co New COM 949746101 $ 1,235 38939.000 SH DEFINED 1 38939.000
WVS FINANCIAL CORP COM 929358109 $ 95 10859.000 SH DEFINED 1 10859.000