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First Citizens Bank

Mason City, IA · Cert 4433 · First Citizens Financial Corp.

State charter, Fed member · FED · 7 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

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 $1B-$10B in assets (n=322 to 328). 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

62

Q2 2024Q2 2026peer median (50)

Asset Quality

57

Q2 2024Q2 2026peer median (50)

Profitability

68

Q2 2024Q2 2026peer median (50)

Liquidity

84

Q2 2024Q2 2026peer median

Efficiency

88

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

First Citizens Bank

Mason City, IA · Cert 4433 · First Citizens Financial Corp.

State charter, Fed member · FED · 7 branches

Q2 2026

$1.8BAssets
$1.3BLoans
$1.6BDeposits
$205.2MEquity
Loan mix
84%RE $965.0M15%C&I $171.5M1%Consumer $16.3MQ3 2024Q2 2026
Deposit mix
90%Interest-bearing $1.4B10%Noninterest $0.2BQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.68%, up 43 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 0.16% of loans (-61 bps YoY), with net charge-offs at 0.14%.
  • Capital: tier 1 leverage ratio of 11.96%, up 78 bps from a year ago.
  • Funding: loans stand at 84.31% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.68%+43 bps YoY

Net Interest Margin (YTD, annualized)

3.31%+43 bps YoY

Efficiency Ratio (YTD, annualized)

46.24%-96 bps YoY

Tier 1 Leverage Ratio

11.96%+78 bps YoY

NIM

4.88%Q2 ’245.14%Q2 ’255.17%Q2 ’26+16%+15%

Non-interest income vs. expense

1.75%Q2 ’241.66%Q2 ’251.84%Q2 ’26-8%+13%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.08%1.09%1.28%1.25%1.18%1.34%1.54%1.68%+43 bps
Return on Equity11.16%11.20%13.12%12.66%11.85%13.16%13.76%14.89%+223 bps
Net Interest Margin2.45%2.55%2.78%2.89%2.93%2.96%3.23%3.31%+43 bps
Efficiency Ratio53.65%52.32%49.39%47.20%47.35%43.41%48.02%46.24%-96 bps
Non-Interest Burden1.01%1.01%1.06%1.03%1.05%0.91%1.21%1.17%+14 bps
Growth
Asset Growth (YoY)9.71%7.16%6.49%2.09%2.23%-0.91%-3.01%-1.57%-366 bps
Loan Growth (YoY)10.05%7.01%7.08%3.22%0.36%-0.54%-1.45%-3.03%-625 bps
Deposit Growth (YoY)8.99%8.68%6.07%1.48%1.85%-2.54%-4.67%-3.05%-453 bps
Asset Quality
Nonperforming Loans / Loans0.53%0.79%0.77%0.77%0.73%0.83%0.71%0.16%-61 bps
Net Charge-Offs / Loans0.06%0.04%0.00%0.00%0.00%0.00%0.00%0.14%+14 bps
Allowance / Loans1.20%1.28%1.32%1.36%1.41%1.42%1.44%1.38%+2 bps
Allowance Coverage of NPLs2.3x1.6x1.7x1.8x1.9x1.7x2.0x8.7x+6.9x
Capital
Tier 1 Leverage Ratio11.08%11.20%11.24%11.18%11.25%11.48%12.08%11.96%+78 bps
Total Risk-Based Capital13.30%13.64%13.93%14.07%14.55%14.93%15.09%14.96%+89 bps
Equity / Assets9.88%9.63%9.88%10.10%10.27%11.16%11.25%11.42%+132 bps
Liquidity & Funding
Loans / Deposits80.75%81.64%81.57%84.30%79.57%83.32%84.32%84.31%+1 bps
Liquid Assets / Assets3.20%3.39%3.22%1.10%6.44%3.87%3.18%2.86%+176 bps
CRE / Total Capitaln/an/an/an/a307%286%280%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

First Citizens Bank

Mason City, IA · Cert 4433 · Peer group: banks $1B-$10B in assets (n=322-328) · First Citizens Financial Corp.

State charter, Fed member · FED · 7 branches

Q2 2026

$1.8BAssets
$1.3BLoans
$1.6BDeposits
$205.2MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 88% of banks $1B-$10B in assets (rank 41 of 328).
  • Widest gap: net charge-offs / loans trails 68% of banks $1B-$10B in assets (rank 220 of 322).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.70%

Rank 59 of 328

Net Interest Margin

3.31%

Rank 194 of 328

Efficiency Ratio

46.24%

Rank 41 of 328

Equity / Assets

11.42%

Rank 111 of 328

Non-interest income vs. expense

$12.4M$34.0MINCOMEEXPENSE
Unfavorable gap of $21.6M · efficiency ratio beats 88% of banks $1B-$10B in assets
Bank 46.24%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.70%0.91%1.22%1.52%Beats 82%59 / 328
Return on Equity14.87%8.43%11.45%14.43%Beats 80%65 / 328
Net Interest Margin3.31%3.03%3.45%3.83%Beats 41%194 / 328
Efficiency Ratio46.24%51.61%59.56%67.53%Beats 88%41 / 328
Asset Quality
Nonperforming Loans / Loans0.16%0.24%0.51%1.03%Beats 81%61 / 322
Net Charge-Offs / Loans0.07%0.01%0.03%0.10%Beats 32%220 / 322
Capital
Tier 1 Capital Ratio13.75%11.75%13.15%15.47%Beats 59%135 / 328
Total Risk-Based Capital Ratio14.96%12.63%14.15%16.46%Beats 61%127 / 328
Equity / Assets11.42%9.15%10.33%12.01%Beats 66%111 / 328
Liquidity & Funding
Loans / Deposits84.31%76.63%87.92%95.36%42nd pctl187 / 323
Loans / Assets73.93%65.18%74.15%79.98%49th pctl168 / 328
Brokered Deposits / Depositsn/aNot reported for this institution