Juniata Valley Financial (JUVF) 8-K Juniata Valley Financial Corp. Announces Earnings and Declares Dividend

Exhibit 99.2

Juniata Valley Financial Corp. and Subsidiary
Consolidated Statements of Financial Condition
( in thousands, except share data)
	(1)			(2)
	September 30,			December 31,
	2014			2013
ASSETS
Cash and due from banks	$	7,580		$	8,570
Interest bearing deposits with banks		78			43
Cash and cash equivalents		7,658			8,613
Interest bearing time deposits with banks		-			249
Securities available for sale		150,025			126,046
Restricted investment in Federal Home Loan Bank (FHLB) stock		3,080			1,967
Investment in unconsolidated subsidiary		4,289			4,172
Loans		287,441			277,798
Less: Allowance for loan losses		(2,336	)		(2,287	)
Total loans, net of allowance for loan losses		285,105			275,511
Premises and equipment, net		6,253			6,330
Other real estate owned		276			281
Bank owned life insurance and annuities		14,720			14,848
Equity investment in low income housing project		3,966			3,990
Core deposit intangible		85			119
Goodwill		2,046			2,046
Mortgage servicing rights		183			167
Accrued interest receivable and other assets		5,023			4,443
Total assets	$	482,709		$	448,782
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Deposits:
Non-interest bearing	$	76,132		$	74,611
Interest bearing		309,824			305,034
Total deposits		385,956			379,645
Securities sold under agreements to repurchase		3,996			5,397
Short-term borrowings		14,084			8,400
Long-term debt		22,500			-
Other interest bearing liabilities		1,388			1,356
Accrued interest payable and other liabilities		3,956			4,000
Total liabilities		431,880			398,798
Stockholders' Equity:
Preferred stock, no par value:
Authorized - 500,000 shares, none issued		-			-
Common stock, par value $1.00 per share:
Authorized - 20,000,000 shares
Issued - 4,745,826 shares
Outstanding -
4,189,607 shares at September 30, 2014;
4,196,266 shares at December 31, 2013		4,746			4,746
Surplus		18,398			18,370
Retained earnings		39,474			39,118
Accumulated other comprehensive loss		(1,083	)		(1,659	)
Cost of common stock in Treasury:
556,219 shares at September 30, 2014;
549,560 shares at December 31, 2013		(10,706	)		(10,591	)
Total stockholders' equity		50,829			49,984
Total liabilities and stockholders' equity	$	482,709		$	448,782

(1) Unaudited

(2) Unaudited but derived from audited financial statements; does not include related disclosures.                

Juniata Valley Financial Corp. and Subsidiary
Consolidated Statements of Income
(Unaudited, in thousands, except share and per share data)
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2014		2013			2014		2013
Interest income:
Loans, including fees	$	3,566	$	3,743		$	10,778	$	11,140
Taxable securities		529		329			1,419		938
Tax-exempt securities		131		149			387		447
Other interest income		1		3			4		16
Total interest income		4,227		4,224			12,588		12,541
Interest expense:
Deposits		583		711			1,812		2,204
Securities sold under agreements to repurchase		1		1			3		3
Short-term borrowings		3		-			5		-
Long-term debt		69		-			138		-
Other interest bearing liabilities		4		7			12		16
Total interest expense		660		719			1,970		2,223
Net interest income		3,567		3,505			10,618		10,318
Provision for loan losses		110		100			247		266
Net interest income after provision for loan losses		3,457		3,405			10,371		10,052
Non-interest income:
Customer service fees		320		341			878		961
Debit card fee income		213		211			631		610
Earnings on bank-owned life insurance and annuities		108		112			299		317
Trust fees		124		83			331		257
Commissions from sales of non-deposit products		89		73			289		292
Income from unconsolidated subsidiary		54		42			148		146
Fees derived from loan activity		79		14			149		126
Gain on sales of loans		54		84			139		265
Gain (loss) on sales and calls of securities		2		(1	)		9		-
Gain from life insurance proceeds		-		-			165		-
Other non-interest income		50		64			145		181
Total non-interest income		1,093		1,023			3,183		3,155
Non-interest expense:
Employee compensation expense		1,469		1,358			4,318		3,968
Employee benefits		301		399			1,067		1,245
Occupancy		228		234			747		719
Equipment		114		116			344		350
Data processing expense		391		367			1,141		1,082
Director compensation		48		56			156		169
Professional fees		103		95			301		281
Taxes, other than income		78		120			262		362
FDIC Insurance premiums		76		75			231		247
Loss (gain) on sales of other real estate owned		13		(3	)		24		(37	)
Amortization of intangibles		12		12			34		34
Amortization of investment in low-income housing partnership		120		145			359		290
Other non-interest expense		385		375			1,091		1,004
Total non-interest expense		3,338		3,349			10,075		9,714
Income before income taxes		1,212		1,079			3,479		3,493
Provision for income taxes		154		60			355		459
Net income	$	1,058	$	1,019		$	3,124	$	3,034
Earnings per share
Basic	$	0.25	$	0.24		$	0.74	$	0.72
Diluted	$	0.25	$	0.24		$	0.74	$	0.72
Cash dividends declared per share	$	0.22	$	0.22		$	0.66	$	0.66
Weighted average basic shares outstanding		4,189,998		4,208,567			4,193,895		4,215,009
Weighted average diluted shares outstanding		4,190,342		4,208,972			4,194,184		4,216,000