Citizens Financial Services, Inc. CZFS Impairment of intangible assets
Impairment of intangible assets at other companies
Other financials
Where this comes from
Reported directly by Citizens Financial Services, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill.
The source filing: Citizens Financial Services, Inc.’s 10-K, filed March 12, 2026.
- Filed
- Mar 12, 2026, 6:04 AM EDT
- Fiscal year
- FY2025
- Accession
- 0001140361-26-009103
The Company accounts for the MSRs under the amortization method. The mortgage servicing rights are initially recorded at fair value and amortized in proportion to the estimated expected future net servicing income generated from servicing the loan. The mortgage servicing rights are evaluated for impairment by estimating the fair value of the mortgage servicing rights and comparing that value to the carrying amount. The Company obtains a third-party valuation to assist with estimating the fair value of the MSRs. A valuation allowance would be established if the carrying amount of these mortgage servicing rights exceeds fair value. There was no impairment recognized in 2025, 2024 or 2023.
ITEM 8 - FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
FAQ
- What is Citizens Financial Services, Inc.'s impairment of intangible assets?
- Citizens Financial Services, Inc. (CZFS) reported impairment of intangible assets of $0 in Q4 2025.
- What does impairment of intangible assets mean?
- Impairment of intangible assets as reported by Citizens Financial Services, Inc. Common Stock.
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