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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

$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