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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

$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

4.00%Q2 ’244.20%Q2 ’254.26%Q2 ’26+16%+5%

Non-interest income vs. expense

1.78%Q2 ’242.10%Q2 ’252.16%Q2 ’26+25%+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 1.70%, up 8 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.02% of loans (-86 bps YoY), with net charge-offs at 0.03%.
  • 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 (quarter, annualized)

1.70%+8 bps YoY

Net Interest Margin (quarter, annualized)

3.54%+16 bps YoY

Efficiency Ratio (quarter, annualized)

51.13%-31 bps YoY

Tier 1 Leverage Ratio

9.11%-8 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.62%1.67%1.56%1.53%1.70%+8 bps
Return on Equity34.33%32.68%28.12%27.84%32.88%-145 bps
Net Interest Margin3.39%3.52%3.50%3.52%3.54%+16 bps
Efficiency Ratio51.44%49.51%54.60%52.48%51.13%-31 bps
Non-Interest Burden1.41%1.40%1.61%1.53%1.48%+7 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%0.03%-1 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