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Citizens Bank of Morgantown, Inc.

Morgantown, WV · Cert 22954 · Morgantown Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$52.6MAssets
$39.8MLoans
$42.5MDeposits
$9.2MEquity
Loan mix
90%RE $34.2M4%C&I $1.6M6%Consumer $2.3MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $33.8M20%Noninterest $8.7MQ2 2025Q2 2026

NIM

5.06%Q2 ’245.45%Q2 ’255.56%Q2 ’26+20%+9%

Non-interest income vs. expense

3.17%Q2 ’243.48%Q2 ’253.33%Q2 ’26+3%+3%

Market Position · Morgantown, WV · 2026 SOD (annual) · 0.7% share · #10 of 13 inst. · $0.0B of $5.7B

Executive Summary

  • Earnings: ROA of 1.13%, up 20 bps year over year; NIM at 4.60%.
  • Asset quality: problem loans at 0.09% of loans (-50 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 18.79%, up 79 bps from a year ago.
  • Funding: loans stand at 93.48% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.13%+20 bps YoY

Net Interest Margin (YTD, annualized)

4.60%+38 bps YoY

Efficiency Ratio (YTD, annualized)

69.04%-504 bps YoY

Tier 1 Leverage Ratio

18.79%+79 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.92%0.92%1.06%0.90%1.13%+20 bps
Return on Equity5.74%5.70%6.42%5.17%6.43%+68 bps
Net Interest Margin4.22%4.27%4.40%4.52%4.60%+38 bps
Efficiency Ratio74.08%74.16%70.72%73.84%69.04%-504 bps
Non-Interest Burden3.01%3.07%3.01%3.29%3.11%+10 bps
Growth
Asset Growth (YoY)1.99%2.53%3.03%1.24%2.76%+78 bps
Loan Growth (YoY)-1.96%-0.98%4.59%2.24%7.33%+929 bps
Deposit Growth (YoY)1.51%6.28%3.20%-1.17%0.55%-96 bps
Asset Quality
Nonperforming Loans / Loans0.59%0.82%0.60%0.37%0.09%-50 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans2.05%2.05%2.01%2.04%1.96%-9 bps
Allowance Coverage of NPLs3.5x2.5x3.4x5.5x21.1x+17.6x
Capital
Tier 1 Leverage Ratio17.99%17.94%18.42%18.61%18.79%+79 bps
Total Risk-Based Capital17.99%17.94%18.42%18.61%18.79%+79 bps
Equity / Assets16.31%16.41%17.51%17.49%17.58%+127 bps
Liquidity & Funding
Loans / Deposits87.57%86.41%91.95%90.59%93.48%+591 bps
Liquid Assets / Assets0.65%0.90%0.56%0.45%0.45%-20 bps
CRE / Total Capitaln/a53.70%51.35%46.12%n/an/a