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Letter portraitLegal landscapeQuarterYTD

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 $16.4MQ3 2024Q2 2026
Deposit mix
63%Interest-bearing $359.7M37%Noninterest $209.3MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.78%0.86%1.03%1.11%1.15%1.24%1.30%1.35%+25 bps
Return on Equity19.87%21.90%24.51%25.95%25.17%25.71%22.44%23.32%-263 bps
Net Interest Margin2.49%2.47%2.72%2.79%2.76%2.85%3.11%3.19%+40 bps
Efficiency Ratio68.83%66.49%62.01%60.07%59.23%57.25%56.47%55.65%-442 bps
Non-Interest Burden1.50%1.41%1.42%1.40%1.37%1.34%1.48%1.48%+8 bps
Growth
Asset Growth (YoY)4.15%3.42%5.96%14.39%9.79%7.81%7.03%0.94%-1,344 bps
Loan Growth (YoY)3.00%5.63%5.83%3.84%4.67%5.05%7.13%10.98%+714 bps
Deposit Growth (YoY)3.25%6.53%5.83%6.66%5.13%2.35%3.74%2.81%-385 bps
Asset Quality
Nonperforming Loans / Loans0.32%0.33%0.26%0.15%0.15%0.06%0.13%0.18%+3 bps
Net Charge-Offs / Loans0.04%0.04%0.01%0.02%0.02%0.03%0.00%0.01%-1 bps
Allowance / Loans1.57%1.54%1.57%1.58%1.56%1.51%1.52%1.47%-11 bps
Allowance Coverage of NPLs4.8x4.7x6.1x10.5x10.7x23.4x12.0x8.1x-2.4x
Capital
Tier 1 Leverage Ratio8.66%8.62%8.71%8.70%8.44%8.67%8.87%9.02%+32 bps
Total Risk-Based Capital17.54%16.78%17.04%16.25%16.15%16.07%16.09%15.98%-27 bps
Equity / Assets4.96%3.92%4.50%4.36%5.40%5.85%5.71%5.86%+150 bps
Liquidity & Funding
Loans / Deposits63.64%65.21%63.19%62.55%63.36%66.93%65.25%67.52%+497 bps
Liquid Assets / Assets4.36%4.77%7.08%7.96%6.85%4.59%4.09%2.38%-557 bps
CRE / Total Capitaln/an/an/an/a187.72%190.79%190.08%n/an/a