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Citizens Independent Bank

Saint Louis Park, MN · Cert 16863 · Bakken Securities Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area3

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 in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53). 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

81

Q2 2024Q2 2026peer median (50)

Asset Quality

39

Q2 2024Q2 2026peer median (50)

Profitability

26

Q2 2024Q2 2026peer median (50)

Liquidity

86

Q2 2024Q2 2026peer median

Efficiency

4

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 2026-10-10

Citizens Independent Bank

Saint Louis Park, MN · Cert 16863 · Bakken Securities Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$314.2MAssets
$208.9MLoans
$267.0MDeposits
$31.2MEquity
Loan mix
77%RE $156.1M14%C&I $29.3M9%Consumer $18.2MQ2 2025Q2 2026
Deposit mix
90%Interest-bearing $239.7M10%Noninterest $27.3MQ2 2025Q2 2026

NIM

4.44%Q2 ’244.68%Q2 ’254.88%Q2 ’26+8%+9%

Non-interest income vs. expense

3.15%Q2 ’243.23%Q2 ’253.47%Q2 ’26+2%+8%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #57 of 125 inst. · $0.3B of $253.2B

Executive Summary

  • Earnings: ROA of 0.53%, up 68 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.14% of loans (-171 bps YoY), with net charge-offs at 2.81%.
  • Capital: tier 1 leverage ratio of 12.31%, up 63 bps from a year ago.
  • Funding: loans stand at 78.24% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.53%+68 bps YoY

Net Interest Margin (YTD, annualized)

3.85%+30 bps YoY

Efficiency Ratio (YTD, annualized)

82.98%-64 bps YoY

Tier 1 Leverage Ratio

12.31%+63 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.15%0.08%0.06%0.55%0.53%+68 bps
Return on Equity-1.70%0.87%0.60%5.68%5.44%+714 bps
Net Interest Margin3.55%3.62%3.66%3.78%3.85%+30 bps
Efficiency Ratio83.62%83.06%83.37%81.98%82.98%-64 bps
Non-Interest Burden2.92%2.95%3.00%3.04%3.14%+22 bps
Growth
Asset Growth (YoY)-2.04%-6.48%-4.99%-3.47%-3.53%-149 bps
Loan Growth (YoY)-0.72%-4.23%-3.71%-4.41%-1.62%-90 bps
Deposit Growth (YoY)0.01%-3.18%-3.87%-1.41%1.49%+148 bps
Asset Quality
Nonperforming Loans / Loans1.85%2.07%4.62%0.03%0.14%-171 bps
Net Charge-Offs / Loans-0.05%-0.04%0.01%5.76%2.81%+286 bps
Allowance / Loans2.05%2.11%2.36%0.89%0.89%-117 bps
Allowance Coverage of NPLs1.1x1.0x0.5x30.4x6.3x+5.2x
Capital
Tier 1 Leverage Ratio11.67%11.96%12.20%12.13%12.31%+63 bps
Total Risk-Based Capital18.00%18.56%18.86%18.28%18.29%+29 bps
Equity / Assets8.93%9.64%9.88%9.38%9.93%+101 bps
Liquidity & Funding
Loans / Deposits80.72%80.10%76.01%76.10%78.24%-248 bps
Liquid Assets / Assets2.71%1.70%3.96%3.78%2.73%+2 bps
CRE / Total Capitaln/a288%273%269%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 2026-10-10

Citizens Independent Bank

Saint Louis Park, MN · Cert 16863 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · Bakken Securities Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$314.2MAssets
$208.9MLoans
$267.0MDeposits
$31.2MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 92% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 4 of 53).
  • Widest gap: net charge-offs / loans trails 98% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 53 of 53).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.53%

Rank 46 of 53

Net Interest Margin

3.85%

Rank 23 of 53

Efficiency Ratio

82.98%

Rank 52 of 53

Equity / Assets

9.93%

Rank 20 of 53

Non-interest income vs. expense

$1.0M$10.9MINCOMEEXPENSE
Unfavorable gap of $9.9M · efficiency ratio beats 4% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 82.98%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.53%0.73%1.11%1.30%Beats 13%46 / 53
Return on Equity5.34%7.88%12.20%14.12%Beats 9%48 / 53
Net Interest Margin3.85%3.39%3.77%4.09%Beats 57%23 / 53
Efficiency Ratio82.98%56.05%65.05%71.57%Beats 4%52 / 53
Asset Quality
Nonperforming Loans / Loans0.14%0.14%0.52%1.20%Beats 75%14 / 53
Net Charge-Offs / Loans1.43%0.00%0.01%0.08%Beats 2%53 / 53
Capital
Tier 1 Capital Ratio17.44%10.73%12.98%15.08%Beats 92%4 / 53
Total Risk-Based Capital Ratio18.29%11.49%13.79%16.34%Beats 89%6 / 53
Equity / Assets9.93%8.08%9.25%10.72%Beats 62%20 / 53
Liquidity & Funding
Loans / Deposits78.24%72.13%82.29%93.80%40th pctl32 / 53
Loans / Assets66.49%63.64%71.80%79.37%32nd pctl36 / 53
Brokered Deposits / Depositsn/aNot reported for this institution