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Citizens First National Bank

Storm Lake, IA · Cert 4511 · FNC Inc.

National charter · OCC · 3 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 IA3

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 IA (n=134 to 135). 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 2024Q2 2026peer median (50)

Asset Quality

64

Q2 2024Q2 2026peer median (50)

Profitability

85

Q2 2024Q2 2026peer median (50)

Liquidity

42

Q2 2024Q2 2026peer median

Efficiency

71

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 First National Bank

Storm Lake, IA · Cert 4511 · FNC Inc.

National charter · OCC · 3 branches

Q2 2026

$256.5MAssets
$137.7MLoans
$210.5MDeposits
$39.4MEquity
Loan mix
68%RE $65.9M24%C&I $23.0M8%Consumer $7.4MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $172.9M18%Noninterest $37.5MQ2 2025Q2 2026

NIM

5.20%Q2 ’245.04%Q2 ’255.20%Q2 ’26-3%+9%

Non-interest income vs. expense

2.40%Q2 ’242.83%Q2 ’252.73%Q2 ’26+13%-2%

Executive Summary

  • Earnings: ROA of 1.96%, up 28 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.03% of loans (-5 bps YoY), with net recoveries of 0.11%.
  • Capital: tier 1 leverage ratio of 15.87%, up 162 bps from a year ago.
  • Funding: loans stand at 65.40% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.96%+28 bps YoY

Net Interest Margin (YTD, annualized)

4.08%+34 bps YoY

Efficiency Ratio (YTD, annualized)

51.89%-503 bps YoY

Tier 1 Leverage Ratio

15.87%+162 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.68%1.78%2.08%2.10%1.96%+28 bps
Return on Equity12.58%13.02%15.07%14.10%13.04%+47 bps
Net Interest Margin3.74%3.85%3.79%4.01%4.08%+34 bps
Efficiency Ratio56.91%55.56%51.69%48.48%51.89%-503 bps
Non-Interest Burden1.60%1.58%1.27%1.37%1.56%-4 bps
Growth
Asset Growth (YoY)4.60%7.22%3.65%-1.92%2.22%-239 bps
Loan Growth (YoY)1.26%-0.11%-2.68%-3.03%-7.33%-859 bps
Deposit Growth (YoY)3.45%6.55%1.92%-4.04%0.01%-344 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.32%0.07%0.07%0.03%-5 bps
Net Charge-Offs / Loans0.06%0.16%0.05%-0.11%-0.11%-18 bps
Allowance / Loans1.62%1.54%1.63%1.71%1.79%+17 bps
Allowance Coverage of NPLs20.1x4.8x21.9x23.1x57.3x+37.2x
Capital
Tier 1 Leverage Ratio14.24%14.80%14.18%14.95%15.87%+162 bps
Total Risk-Based Capital24.68%25.63%26.41%26.73%28.58%+390 bps
Equity / Assets14.05%14.51%14.46%15.29%15.36%+131 bps
Liquidity & Funding
Loans / Deposits70.58%69.38%67.45%68.93%65.40%-518 bps
Liquid Assets / Assets8.32%9.38%5.38%3.08%10.75%+243 bps
CRE / Total Capitaln/a22.67%21.79%22.26%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 National Bank

Storm Lake, IA · Cert 4511 · Peer group: banks under $1B in assets in IA (n=134-135) · FNC Inc.

National charter · OCC · 3 branches

Q2 2026

$256.5MAssets
$137.7MLoans
$210.5MDeposits
$39.4MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 95% of banks under $1B in assets in IA (rank 7 of 135).
  • Widest gap: net charge-offs / loans trails 47% of banks under $1B in assets in IA (rank 64 of 134).
  • Overall: at or above the peer median on 9 of 9 directional measures.

Return on Assets

1.95%

Rank 7 of 135

Net Interest Margin

4.08%

Rank 14 of 135

Efficiency Ratio

51.89%

Rank 40 of 135

Equity / Assets

15.36%

Rank 20 of 135

Non-interest income vs. expense

$2.9M$6.9MINCOMEEXPENSE
Unfavorable gap of $3.9M · efficiency ratio beats 71% of banks under $1B in assets in IA
Bank 51.89%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.95%0.92%1.19%1.47%Beats 95%7 / 135
Return on Equity12.71%7.99%10.26%13.14%Beats 71%39 / 135
Net Interest Margin4.08%2.95%3.41%3.73%Beats 90%14 / 135
Efficiency Ratio51.89%50.61%57.35%63.29%Beats 71%40 / 135
Asset Quality
Nonperforming Loans / Loans0.03%0.03%0.51%1.26%Beats 75%34 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 53%64 / 134
Capital
Tier 1 Capital Ratio27.33%11.23%13.31%15.45%Beats 93%9 / 135
Total Risk-Based Capital Ratio28.58%11.61%14.06%16.47%Beats 93%9 / 135
Equity / Assets15.36%9.87%11.05%13.07%Beats 85%20 / 135
Liquidity & Funding
Loans / Deposits65.40%68.54%81.55%91.24%19th pctl108 / 134
Loans / Assets53.68%57.61%68.06%76.23%18th pctl111 / 135
Brokered Deposits / Depositsn/aNot reported for this institution