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Citizens Bank

Corvallis, OR · Cert 17809 · Citizens Bcorp

State charter, non-member · FDIC · 14 branches

Q2 2026

$823.4MAssets
$389.6MLoans
$702.5MDeposits
$87.2MEquity
Loan mix
89%RE $287.3M10%C&I $32.9M0%Consumer $1.4MQ2 2025Q2 2026
Deposit mix
52%Interest-bearing $364.2M48%Noninterest $338.3MQ2 2025Q2 2026

NIM

4.05%Q2 ’243.67%Q2 ’253.69%Q2 ’26+12%-1%

Non-interest income vs. expense

2.68%Q2 ’243.24%Q2 ’253.17%Q2 ’26+21%-2%

Market Position · Corvallis, OR · 2026 SOD (annual) · 22.3% share · #1 of 8 inst. · $0.4B of $1.6B

22.3% Benton
7.5% Linn
1.1% Lane
3.2% Yamhill

Executive Summary

  • Earnings: ROA of 0.18%, down 10 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.04% of loans (-51 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.88%, up 9 bps from a year ago.
  • Funding: loans stand at 55.46% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.18%-10 bps YoY

Net Interest Margin (YTD, annualized)

3.21%-3 bps YoY

Efficiency Ratio (YTD, annualized)

89.79%-77 bps YoY

Tier 1 Leverage Ratio

13.88%+9 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.27%0.25%0.31%0.30%0.18%-10 bps
Return on Equity2.86%2.54%3.11%2.84%1.67%-119 bps
Net Interest Margin3.25%3.16%3.14%3.20%3.21%-3 bps
Efficiency Ratio90.56%90.89%89.68%89.29%89.79%-77 bps
Non-Interest Burden2.91%2.84%2.79%2.82%2.85%-6 bps
Growth
Asset Growth (YoY)-9.38%1.75%3.03%1.49%-1.13%+825 bps
Loan Growth (YoY)-4.53%-4.22%-3.08%-1.37%5.19%+972 bps
Deposit Growth (YoY)1.52%-0.38%-0.20%-0.92%-3.03%-455 bps
Asset Quality
Nonperforming Loans / Loans0.55%0.27%0.25%0.05%0.04%-51 bps
Net Charge-Offs / Loans0.02%0.02%0.00%0.01%0.00%-2 bps
Allowance / Loans1.60%1.68%1.70%1.69%1.68%+8 bps
Allowance Coverage of NPLs2.9x6.2x6.7x35.4x43.7x+40.8x
Capital
Tier 1 Leverage Ratio13.79%13.41%13.17%13.81%13.88%+9 bps
Total Risk-Based Capital23.94%24.01%23.87%24.37%23.43%-52 bps
Equity / Assets9.63%10.20%10.52%10.70%10.58%+96 bps
Liquidity & Funding
Loans / Deposits51.13%50.63%51.64%53.60%55.46%+433 bps
Liquid Assets / Assets9.60%11.09%8.04%7.15%7.26%-234 bps
CRE / Total Capitaln/a168.97%174.52%176.38%n/an/a