EXHIBIT 99.2

90-92 Main Street, P.O. Box 58

Wellsboro, PA 16901

Phone: (570) 724-3411 Fax: (570) 723-8097

E-Mail: cnemail@cnbankpa.com Web Page: http://www.cnbankpa.com

Stock Symbol: CZNC

Chartered 1864 FEDERAL DEPOSIT INSURANCE CORP

March 31, 2014                                                                  QUARTERLY REPORT

Dear Shareholder:

Net income of $4,288,000 during the first quarter of 2014 remained strong as evidenced by a Return on Average Assets (ROAA) 1.41%. First quarter 2014 net income was 8.88% less than the first quarter of 2013, but 1.49% higher than the fourth quarter of 2013. Our first quarter 2014 earnings include the benefit of a credit for loan losses of $311,000 resulting from a reduction in estimated allowances required on impaired loans as well as lower total loans outstanding, but also include the negative effect of lower gains from sales of mortgage loans (down $164,000 from the fourth quarter 2013 and $353,000 from the first quarter 2013). The lower volume of mortgage loans sold in the first quarter resulted from challenging market conditions, including higher long-term interest rates and difficult winter weather throughout our market area. Earnings continue to be challenged by margin compression, regulatory pressure on non-interest income and increased compliance costs as a result of the Dodd-Frank legislation.

Over the past year the balance sheet remained relatively flat as the continued low interest rate environment and weak loan demand provided few opportunities to expand the balance sheet without taking undue risk. Net loans have declined $42,153,000 over the past year; however the outstanding balance of mortgage loans sold with servicing retained increased $33,257,000. Total deposits and repo sweep accounts decreased by $6,048,000 or 0.62% over the last twelve months. Trust Assets Under Management (TAUM) grew to $797,833,000 or 8.21% over the past year. The growth was a combination of market appreciation and new business development.

All of our capital ratios remain above the regulatory defined “well capitalized” levels. Our strong earnings performance and capital position has allowed us to steadily increase the dividend over the past several years. During the first quarter we paid a dividend of 26 cents per share which represents a 4.00% increase over the first quarter of 2013. Our challenge remains finding suitable investments to leverage our excess capital.

As shareholders, we continue to solicit your support and stand willing to answer any concern you may have.

Charles H. Updegraff, Jr.

Chairman, President & CEO

CITIZENS & NORTHERN CORPORATION

BOARD OF DIRECTORS

Charles H. Updegraff, Jr. - Chairman

CITIZENS & NORTHERN BANK

1-877-838-2517

OFFICES

428 S. Main Street, ATHENS, PA 18810

3 Main Street, CANISTEO, NY 14823

10 N Main Street, COUDERSPORT, PA 16915

111 Main Street, DUSHORE, PA 18614

563 Main Street, EAST SMITHFIELD, PA 18817

104 Main Street, ELKLAND, PA 16920

135 East Fourth Street, EMPORIUM, PA 15834

6250 County Route 64, HORNELL, NY 14843

230-232 Railroad Street, JERSEY SHORE, PA 17740

102 E. Main Street, KNOXVILLE, PA 16928

514 Main Street, LAPORTE, PA 18626

4534 Williamson Trail LIBERTY, PA 16930

1085 S. Main Street, MANSFIELD, PA 16933

612 James Monroe Avenue, MONROETON, PA 18832

3461 Rte.405 Highway, MUNCY, PA 17756

100 Maple Street, PORT ALLEGANY, PA 16743

24 Thompson Street, RALSTON, PA 17763

1827 Elmira Street, SAYRE, PA 18840

2 E. Mountain Ave., SO. WILLIAMSPORT, PA 17702

41 Main Street, TIOGA, PA 16946

428 Main Street, TOWANDA, PA18848

Court House Square, TROY, PA 16947

90-92 Main Street, WELLSBORO, PA 16901

130 Court Street, WILLIAMSPORT, PA 17701

1510 Dewey Ave., WILLIAMSPORT, PA 17702

Route 6, WYSOX, PA 18854

TRUST & FINANCIAL MANAGEMENT GROUP