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April 16, 2014

Penns Woods Bancorp, Inc. recognized as top-performing community bank

Williamsport, PA - April 16, 2014

Richard A. Grafmyre, CFP® President and CEO of Penns Woods Bancorp, Inc. (PWOD) announced that Penns Woods Bancorp, Inc. was named one of the Top 100 Performing Community Banks of 2013 with assets between $500 million and $5 billion by SNL Financial. According to SNL Financial they evaluated “commercial banks and bank holding companies with assets between $500 million and $5 billion with 60 or fewer branches. Additionally, at least one-third of the banks' balance sheets must be composed of loans, and less than half of total loans may be attributable to credit card lending. Moreover, banks had to be well-capitalized according to regulatory standards and could not have a majority of revenue derived from nontraditional banking activities.” SNL further qualified the ranking by stating “the qualifying banks were evaluated using six core financial performance metrics that focus on profitability, asset quality and growth for the 12-month period ended December 31, 2013. The metrics used were return on average tangible assets before tax, net charge-offs as a percentage of average loans, adjusted Texas ratio, efficiency ratio, net interest margin and loan growth. SNL measured each company's standard deviation from the mean of each metric. The standard deviations, which are equally weighted, were added together to calculate a performance score for each company.” Grafmyre added, "We are pleased to be acknowledged by a quality ranking, to be recognized as one of the top community banks in the country is a testament to the hard work and dedication of our employees and Board of Directors. We strive to make our company a wise choice for both customers and shareholders." About Penns Woods Bancorp, Inc. Penns Woods Bancorp, Inc. is the $1.2 billion parent company of Luzerne Bank and Jersey Shore State Bank. Luzerne Bank operates eight branch offices providing financial services in Luzerne County. Jersey Shore State Bank operates thirteen branch offices providing financial services in Lycoming, Clinton, Centre, and Montour Counties. Investment and insurance products are offered through Jersey Shore State Bank’s subsidiary, The M-Group D/B/A The Comprehensive Financial Group.