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Citizens National Bank of Somerset, The

Somerset, KY · Cert 2725 · Citizens Bancshares Inc.

National charter · OCC · 11 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 KY3

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 KY (n=69). 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

44

Q2 2024Q2 2026peer median (50)

Asset Quality

68

Q2 2024Q2 2026peer median (50)

Profitability

59

Q2 2024Q2 2026peer median (50)

Liquidity

36

Q2 2024Q2 2026peer median

Efficiency

74

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 National Bank of Somerset, The

Somerset, KY · Cert 2725 · Citizens Bancshares Inc.

National charter · OCC · 11 branches

Q2 2026

$700.9MAssets
$384.2MLoans
$569.0MDeposits
$41.1MEquity
Loan mix
88%RE $322.3M8%C&I $28.7M4%Consumer $16.4MQ2 2025Q2 2026
Deposit mix
63%Interest-bearing $359.7M37%Noninterest $209.3MQ2 2025Q2 2026

NIM

4.17%Q2 ’244.48%Q2 ’254.72%Q2 ’26+10%+14%

Non-interest income vs. expense

2.30%Q2 ’242.08%Q2 ’252.14%Q2 ’26-12%+6%

Market Position · Lexington-Fayette, KY · 2026 SOD (annual) · 0.1% share · #31 of 36 inst. · $0.0B of $16.0B

27.0% Pulaski
4.2% Wayne
2.6% Russell
1.8% Jessamine

Executive Summary

  • Earnings: ROA of 1.35%, up 25 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.18% of loans (+3 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.02%, up 32 bps from a year ago.
  • Funding: loans stand at 67.52% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.35%+25 bps YoY

Net Interest Margin (YTD, annualized)

3.19%+40 bps YoY

Efficiency Ratio (YTD, annualized)

55.65%-442 bps YoY

Tier 1 Leverage Ratio

9.02%+32 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.11%1.15%1.24%1.30%1.35%+25 bps
Return on Equity25.95%25.17%25.71%22.44%23.32%-263 bps
Net Interest Margin2.79%2.76%2.85%3.11%3.19%+40 bps
Efficiency Ratio60.07%59.23%57.25%56.47%55.65%-442 bps
Non-Interest Burden1.40%1.37%1.34%1.48%1.48%+8 bps
Growth
Asset Growth (YoY)14.39%9.79%7.81%7.03%0.94%-1,344 bps
Loan Growth (YoY)3.84%4.67%5.05%7.13%10.98%+714 bps
Deposit Growth (YoY)6.66%5.13%2.35%3.74%2.81%-385 bps
Asset Quality
Nonperforming Loans / Loans0.15%0.15%0.06%0.13%0.18%+3 bps
Net Charge-Offs / Loans0.02%0.02%0.03%0.00%0.01%-1 bps
Allowance / Loans1.58%1.56%1.51%1.52%1.47%-11 bps
Allowance Coverage of NPLs10.5x10.7x23.4x12.0x8.1x-2.4x
Capital
Tier 1 Leverage Ratio8.70%8.44%8.67%8.87%9.02%+32 bps
Total Risk-Based Capital16.25%16.15%16.07%16.09%15.98%-27 bps
Equity / Assets4.36%5.40%5.85%5.71%5.86%+150 bps
Liquidity & Funding
Loans / Deposits62.55%63.36%66.93%65.25%67.52%+497 bps
Liquid Assets / Assets7.96%6.85%4.59%4.09%2.38%-557 bps
CRE / Total Capitaln/a187.72%190.79%190.08%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 National Bank of Somerset, The

Somerset, KY · Cert 2725 · Peer group: banks under $1B in assets in KY (n=69) · Citizens Bancshares Inc.

National charter · OCC · 11 branches

Q2 2026

$700.9MAssets
$384.2MLoans
$569.0MDeposits
$41.1MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 97% of banks under $1B in assets in KY (rank 2 of 69).
  • Widest gap: equity / assets trails 99% of banks under $1B in assets in KY (rank 68 of 69).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.36%

Rank 23 of 69

Net Interest Margin

3.19%

Rank 61 of 69

Efficiency Ratio

55.65%

Rank 19 of 69

Equity / Assets

5.86%

Rank 68 of 69

Non-interest income vs. expense

$4.8M$15.6MINCOMEEXPENSE
Unfavorable gap of $10.8M · efficiency ratio beats 74% of banks under $1B in assets in KY
Bank 55.65%Peer median 63.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.36%0.83%1.18%1.44%Beats 67%23 / 69
Return on Equity23.16%7.64%11.70%15.70%Beats 97%2 / 69
Net Interest Margin3.19%3.45%3.75%3.96%Beats 12%61 / 69
Efficiency Ratio55.65%55.32%62.99%70.80%Beats 74%19 / 69
Asset Quality
Nonperforming Loans / Loans0.18%0.18%0.52%1.14%Beats 74%19 / 69
Net Charge-Offs / Loans0.01%0.01%0.02%0.06%Beats 61%28 / 69
Capital
Tier 1 Capital Ratio14.73%11.33%13.58%16.27%Beats 62%26 / 69
Total Risk-Based Capital Ratio15.98%11.55%14.43%17.27%Beats 68%22 / 69
Equity / Assets5.86%8.31%9.91%12.53%Beats 1%68 / 69
Liquidity & Funding
Loans / Deposits67.52%71.40%81.07%88.03%20th pctl55 / 69
Loans / Assets54.81%61.10%68.66%76.68%19th pctl56 / 69
Brokered Deposits / Depositsn/aNot reported for this institution