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Citizens State Bank

Sheldon, IA · Cert 18356 · Dixon Bancshares Inc.

State charter, non-member · FDIC · 2 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 IA3

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 IA (n=134 to 135). 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

48

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

59

Q2 2024Q2 2026peer median (50)

Liquidity

92

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 State Bank

Sheldon, IA · Cert 18356 · Dixon Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$194.7MAssets
$131.6MLoans
$166.1MDeposits
$24.7MEquity
Loan mix
82%RE $80.4M12%C&I $12.1M6%Consumer $6.0MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $128.5M23%Noninterest $37.7MQ2 2025Q2 2026

NIM

4.14%Q2 ’244.39%Q2 ’254.78%Q2 ’26+25%+17%

Non-interest income vs. expense

1.58%Q2 ’241.77%Q2 ’251.72%Q2 ’26+18%-5%

Executive Summary

  • Earnings: ROA of 1.42%, up 34 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.45%, up 73 bps from a year ago.
  • Funding: loans stand at 79.25% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.42%+34 bps YoY

Net Interest Margin (YTD, annualized)

3.37%+50 bps YoY

Efficiency Ratio (YTD, annualized)

46.84%-958 bps YoY

Tier 1 Leverage Ratio

12.45%+73 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.07%1.10%1.15%1.42%1.42%+34 bps
Return on Equity9.45%9.63%10.03%11.99%11.70%+225 bps
Net Interest Margin2.87%3.00%2.91%3.28%3.37%+50 bps
Efficiency Ratio56.42%55.67%52.23%48.14%46.84%-958 bps
Non-Interest Burden1.52%1.57%1.35%1.45%1.45%-8 bps
Growth
Asset Growth (YoY)-2.71%4.71%8.13%6.20%3.30%+601 bps
Loan Growth (YoY)5.75%6.80%6.47%7.86%7.35%+160 bps
Deposit Growth (YoY)10.42%10.85%7.46%5.52%0.21%-1,021 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.03%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.06%1.05%1.24%1.22%1.20%+14 bps
Allowance Coverage of NPLs1304.0x260.8xn/a45.1xn/an/a
Capital
Tier 1 Leverage Ratio11.72%12.18%11.74%12.00%12.45%+73 bps
Total Risk-Based Capital11.72%12.18%11.74%12.00%12.45%+73 bps
Equity / Assets11.53%11.65%11.72%11.98%12.69%+116 bps
Liquidity & Funding
Loans / Deposits73.98%73.17%72.81%74.97%79.25%+527 bps
Liquid Assets / Assets14.85%17.12%17.43%17.44%11.69%-316 bps
CRE / Total Capitaln/a47.04%47.18%46.65%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 State Bank

Sheldon, IA · Cert 18356 · Peer group: banks under $1B in assets in IA (n=134-135) · Dixon Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$194.7MAssets
$131.6MLoans
$166.1MDeposits
$24.7MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in IA (rank 21 of 134).
  • Widest gap: total risk-based capital ratio trails 68% of banks under $1B in assets in IA (rank 92 of 135).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.43%

Rank 45 of 135

Net Interest Margin

3.37%

Rank 71 of 135

Efficiency Ratio

47.61%

Rank 25 of 135

Equity / Assets

12.69%

Rank 38 of 135

Non-interest income vs. expense

$0.5M$3.4MINCOMEEXPENSE
Unfavorable gap of $2.9M · efficiency ratio beats 82% of banks under $1B in assets in IA
Bank 47.61%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.43%0.92%1.19%1.47%Beats 67%45 / 135
Return on Equity11.31%7.99%10.26%13.14%Beats 62%51 / 135
Net Interest Margin3.37%2.95%3.41%3.73%Beats 47%71 / 135
Efficiency Ratio47.61%50.61%57.35%63.29%Beats 82%25 / 135
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.51%1.26%Beats 100%21 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio12.45%11.23%13.31%15.45%Beats 39%82 / 135
Total Risk-Based Capital Ratio12.45%11.61%14.06%16.47%Beats 32%92 / 135
Equity / Assets12.69%9.87%11.05%13.07%Beats 72%38 / 135
Liquidity & Funding
Loans / Deposits79.25%68.54%81.55%91.24%45th pctl74 / 134
Loans / Assets67.63%57.61%68.06%76.23%49th pctl69 / 135
Brokered Deposits / Depositsn/aNot reported for this institution