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Citizens Bank, The

Farmington, NM · Cert 1164 · Citizens Bk Employee STK Ownership&Retirement Svg Plan

State charter, non-member · FDIC · 6 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

51

Q2 2024Q2 2026peer median (50)

Asset Quality

55

Q2 2024Q2 2026peer median (50)

Profitability

72

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

82

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Citizens Bank, The

Farmington, NM · Cert 1164 · Citizens Bk Employee STK Ownership&Retirement Svg Plan

State charter, non-member · FDIC · 6 branches

Q2 2026

$804.3MAssets
$314.5MLoans
$697.5MDeposits
$40.8MEquity
Loan mix
83%RE $260.9M15%C&I $48.0M1%Consumer $3.9MQ2 2025Q2 2026
Deposit mix
66%Interest-bearing $460.7M34%Noninterest $236.8MQ2 2025Q2 2026

NIM

3.96%Q2 ’244.22%Q2 ’254.17%Q2 ’26+19%+2%

Non-interest income vs. expense

1.76%Q2 ’242.07%Q2 ’252.14%Q2 ’26+24%+5%

Market Position · Farmington, NM · 2026 SOD (annual) · 36.3% share · #1 of 8 inst. · $0.7B of $1.9B

Executive Summary

  • Earnings: ROA of 1.62%, down 2 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.02% of loans (-86 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 9.11%, down 8 bps from a year ago.
  • Funding: loans stand at 45.09% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.62%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.47%+7 bps YoY

Efficiency Ratio (YTD, annualized)

51.79%+92 bps YoY

Tier 1 Leverage Ratio

9.11%-8 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.64%1.64%1.63%1.53%1.62%-2 bps
Return on Equity38.19%36.12%34.04%27.84%30.20%-799 bps
Net Interest Margin3.41%3.45%3.47%3.52%3.47%+7 bps
Efficiency Ratio50.87%50.41%51.46%52.48%51.79%+92 bps
Non-Interest Burden1.40%1.40%1.46%1.53%1.48%+8 bps
Growth
Asset Growth (YoY)-3.58%-7.06%-2.32%2.24%3.41%+699 bps
Loan Growth (YoY)3.63%4.00%-0.39%0.26%1.66%-197 bps
Deposit Growth (YoY)-0.95%-1.28%-4.68%1.40%1.70%+265 bps
Asset Quality
Nonperforming Loans / Loans0.88%0.86%0.00%0.02%0.02%-86 bps
Net Charge-Offs / Loans0.03%0.03%0.03%0.09%0.06%+3 bps
Allowance / Loans1.24%1.25%1.36%1.28%1.28%+4 bps
Allowance Coverage of NPLs1.4x1.5xn/a77.1x78.7x+77.3x
Capital
Tier 1 Leverage Ratio9.19%9.22%9.36%9.34%9.11%-8 bps
Total Risk-Based Capital18.98%19.08%19.66%18.39%18.63%-35 bps
Equity / Assets4.85%5.36%5.74%5.27%5.07%+22 bps
Liquidity & Funding
Loans / Deposits45.11%46.12%45.80%45.12%45.09%-2 bps
Liquid Assets / Assets15.02%13.83%13.05%16.65%17.12%+210 bps
CRE / Total Capitaln/a190.86%183.32%184.47%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Citizens Bank, The

Farmington, NM · Cert 1164 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Citizens Bk Employee STK Ownership&Retirement Svg Plan

State charter, non-member · FDIC · 6 branches

Q2 2026

$804.3MAssets
$314.5MLoans
$697.5MDeposits
$40.8MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 99% of banks under $1B in assets operating in a single state (rank 6 of 746).
  • Widest gap: equity / assets trails 99% of banks under $1B in assets operating in a single state (rank 737 of 746).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.59%

Rank 146 of 746

Net Interest Margin

3.47%

Rank 461 of 746

Efficiency Ratio

51.79%

Rank 132 of 746

Equity / Assets

5.07%

Rank 737 of 746

Non-interest income vs. expense

$5.5M$17.9MINCOMEEXPENSE
Unfavorable gap of $12.4M · efficiency ratio beats 82% of banks under $1B in assets operating in a single state
Bank 51.79%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.59%0.72%1.06%1.45%Beats 80%146 / 746
Return on Equity31.37%6.74%10.51%13.63%Beats 99%6 / 746
Net Interest Margin3.47%3.17%3.68%4.16%Beats 38%461 / 746
Efficiency Ratio51.79%55.74%64.58%75.47%Beats 82%132 / 746
Asset Quality
Nonperforming Loans / Loans0.02%0.09%0.42%1.07%Beats 82%136 / 743
Net Charge-Offs / Loans0.04%0.00%0.01%0.05%Beats 27%543 / 743
Capital
Tier 1 Capital Ratio17.62%11.55%13.75%17.60%Beats 75%185 / 746
Total Risk-Based Capital Ratio18.63%11.71%14.33%18.43%Beats 76%180 / 746
Equity / Assets5.07%8.90%10.51%13.06%Beats 1%737 / 746
Liquidity & Funding
Loans / Deposits45.09%61.31%78.27%90.78%8th pctl683 / 746
Loans / Assets39.10%53.60%66.97%76.08%8th pctl683 / 746
Brokered Deposits / Depositsn/aNot reported for this institution