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Citizens First Bank

The Villages, FL · Cert 33440

FDIC · 20 branches

Q3 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

Basis

Quarter: Q3 2025, the quarter ended September 30, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating in a single state (n=300). 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

90

Q2 2024Q3 2025peer median (50)

Asset Quality

84

Q2 2024Q3 2025peer median (50)

Profitability

44

Q2 2024Q3 2025peer median (50)

Liquidity

0

Q2 2024Q3 2025peer median

Efficiency

85

Q2 2024Q3 2025peer 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 First Bank

The Villages, FL · Cert 33440

FDIC · 20 branches

Q3 2025

$4.1BAssets
$1.3BLoans
$3.4BDeposits
$501.1MEquity
Loan mix
78%RE $924.3M22%C&I $258.9M0%Consumer $5.4MQ3 2024Q3 2025
Deposit mix
84%Interest-bearing $2.9B16%Noninterest $0.6BQ3 2024Q3 2025

NIM

3.54%Q3 ’234.03%Q3 ’244.14%Q3 ’25-7%+12%

Non-interest income vs. expense

1.61%Q3 ’231.58%Q3 ’241.64%Q3 ’25+1%+4%

Market Position · Wildwood-The Villages, FL · 2025 SOD (annual) · 51.1% share · #1 of 9 inst. · $2.4B of $4.8B

51.1% Sumter
7.3% Lake
4.7% Marion
0.3% Citrus

Executive Summary

  • Earnings: ROA of 1.27%, up 32 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.08% of loans (-10 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 13.47%, up 53 bps from a year ago.
  • Funding: loans stand at 37.24% of deposits as of Q3 2025.

Financial Results

Return on Assets (YTD, annualized)

1.27%+32 bps YoY

Net Interest Margin (YTD, annualized)

2.69%+29 bps YoY

Efficiency Ratio (YTD, annualized)

49.93%-332 bps YoY

Tier 1 Leverage Ratio

13.47%+53 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025YoY ΔTrend
Earnings
Return on Assets0.95%1.03%1.14%1.14%1.27%+32 bps
Return on Equity9.25%10.03%10.84%10.60%11.38%+214 bps
Net Interest Margin2.39%2.32%2.52%2.54%2.69%+29 bps
Efficiency Ratio53.24%52.38%52.41%53.01%49.93%-332 bps
Non-Interest Burden1.00%0.96%1.06%1.09%1.04%+4 bps
Growth
Asset Growth (YoY)5.25%6.99%6.66%8.42%4.25%-100 bps
Loan Growth (YoY)2.72%4.95%2.03%5.43%1.08%-165 bps
Deposit Growth (YoY)3.33%6.71%4.89%5.66%3.08%-25 bps
Asset Quality
Nonperforming Loans / Loans0.18%0.18%0.13%0.13%0.08%-10 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.01%+1 bps
Allowance / Loans1.69%1.78%1.75%1.73%1.83%+14 bps
Allowance Coverage of NPLs9.2x10.1x14.0x12.8x22.2x+13.0x
Capital
Tier 1 Leverage Ratio12.93%12.50%12.85%12.83%13.47%+53 bps
Total Risk-Based Capital20.07%20.27%20.52%20.82%22.15%+208 bps
Equity / Assets11.17%10.20%10.76%11.33%12.33%+116 bps
Liquidity & Funding
Loans / Deposits37.98%38.75%38.02%39.05%37.24%-74 bps
Liquid Assets / Assets0.19%0.16%0.17%0.20%0.20%+1 bps
CRE / Total Capitaln/an/an/an/a95.40%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 First Bank

The Villages, FL · Cert 33440 · Peer group: banks $1B-$10B in assets operating in a single state (n=300)

FDIC · 20 branches

Q3 2025

$4.1BAssets
$1.3BLoans
$3.4BDeposits
$501.1MEquity

Executive Summary

  • Strongest standing: brokered deposits / deposits outperforms 100% of banks $1B-$10B in assets operating in a single state (rank 110 of 300).
  • Widest gap: net interest margin trails 83% of banks $1B-$10B in assets operating in a single state (rank 248 of 300).
  • Overall: at or above the peer median on 8 of 10 directional measures.

Return on Assets

1.27%

Rank 98 of 300

Net Interest Margin

2.69%

Rank 248 of 300

Efficiency Ratio

49.93%

Rank 47 of 300

Equity / Assets

12.33%

Rank 53 of 300

Non-interest income vs. expense

$25.1M$68.3MINCOMEEXPENSE
Unfavorable gap of $43.2M · efficiency ratio beats 85% of banks $1B-$10B in assets operating in a single state
Bank 49.93%Peer median 62.7%Q3 2024Q3 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.27%0.77%1.06%1.38%Beats 67%98 / 300
Return on Equity10.28%7.55%10.62%13.50%Beats 47%158 / 300
Net Interest Margin2.69%2.87%3.23%3.70%Beats 17%248 / 300
Efficiency Ratio49.93%53.29%62.72%70.47%Beats 85%47 / 300
Asset Quality
Nonperforming Loans / Loans0.08%0.17%0.39%0.80%Beats 86%42 / 300
Net Charge-Offs / Loans0.01%0.01%0.04%0.12%Beats 81%58 / 300
Capital
Tier 1 Capital Ratio21.18%11.71%13.33%14.99%Beats 94%17 / 300
Total Risk-Based Capital Ratio22.15%12.39%14.25%16.08%Beats 94%17 / 300
Equity / Assets12.33%8.96%10.02%11.69%Beats 82%53 / 300
Liquidity & Funding
Loans / Deposits37.24%73.76%85.63%95.78%2nd pctl293 / 300
Loans / Assets31.32%64.08%72.41%78.88%2nd pctl294 / 300
Brokered Deposits / Deposits0.00%n/a1.56%7.51%Beats 100%110 / 300