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Letter portraitLegal landscapeQuarterYTD

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