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Citizens Bank and Trust

Frostproof, FL · Cert 5673 · Citizens Banking Corp.

State charter, non-member · FDIC · 16 branches

Q2 2026

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: 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 operating in a single state (n=257 to 258). 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

30

Q2 2024Q2 2026peer median (50)

Asset Quality

49

Q2 2024Q2 2026peer median (50)

Profitability

52

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

32

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 Bank and Trust

Frostproof, FL · Cert 5673 · Citizens Banking Corp.

State charter, non-member · FDIC · 16 branches

Q2 2026

$1.5BAssets
$884.1MLoans
$1.4BDeposits
$60.8MEquity
Loan mix
76%RE $629.4M12%C&I $100.6M12%Consumer $102.7MQ2 2025Q2 2026
Deposit mix
71%Interest-bearing $986.2M29%Noninterest $411.6MQ2 2025Q2 2026

NIM

3.73%Q2 ’244.18%Q2 ’254.28%Q2 ’26+25%+7%

Non-interest income vs. expense

2.34%Q2 ’242.41%Q2 ’252.50%Q2 ’26+3%0%

Market Position · Lakeland-Winter Haven, FL · 2026 SOD (annual) · 7.9% share · #4 of 16 inst. · $1.3B of $16.5B

7.9% Polk
0.2% Hillsborough
0.1% Pasco

Executive Summary

  • Earnings: ROA of 1.12%, up 35 bps year over year; NIM at 3.00%.
  • Asset quality: problem loans at 0.35% of loans (-52 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 8.04%, up 39 bps from a year ago.
  • Funding: loans stand at 63.25% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.12%+35 bps YoY

Net Interest Margin (YTD, annualized)

3.00%+19 bps YoY

Efficiency Ratio (YTD, annualized)

65.63%-279 bps YoY

Tier 1 Leverage Ratio

8.04%+39 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.78%0.83%0.81%1.15%1.12%+35 bps
Return on Equity31.63%30.70%27.67%29.64%28.43%-320 bps
Net Interest Margin2.81%2.80%2.83%2.98%3.00%+19 bps
Efficiency Ratio68.42%67.64%67.05%68.04%65.63%-279 bps
Non-Interest Burden1.70%1.66%1.65%1.79%1.70%0 bps
Growth
Asset Growth (YoY)4.11%6.63%7.35%5.71%6.19%+208 bps
Loan Growth (YoY)11.53%9.58%9.60%6.77%5.66%-587 bps
Deposit Growth (YoY)2.41%7.87%5.45%4.61%5.14%+273 bps
Asset Quality
Nonperforming Loans / Loans0.87%0.32%0.49%0.37%0.35%-52 bps
Net Charge-Offs / Loans0.03%0.05%0.05%0.11%0.06%+3 bps
Allowance / Loans1.08%1.11%1.22%1.11%1.10%+2 bps
Allowance Coverage of NPLs1.2x3.5x2.5x3.0x3.1x+1.9x
Capital
Tier 1 Leverage Ratio7.65%7.66%7.72%7.88%8.04%+39 bps
Total Risk-Based Capital12.90%13.25%13.33%13.55%13.71%+80 bps
Equity / Assets2.99%3.45%3.83%3.91%4.11%+112 bps
Liquidity & Funding
Loans / Deposits62.94%60.83%62.60%61.05%63.25%+31 bps
Liquid Assets / Assets1.39%5.50%4.34%4.82%3.57%+218 bps
CRE / Total Capitaln/a336%344%333%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 Bank and Trust

Frostproof, FL · Cert 5673 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Citizens Banking Corp.

State charter, non-member · FDIC · 16 branches

Q2 2026

$1.5BAssets
$884.1MLoans
$1.4BDeposits
$60.8MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 97% of banks $1B-$10B in assets operating in a single state (rank 9 of 258).
  • Widest gap: equity / assets trails 100% of banks $1B-$10B in assets operating in a single state (rank 257 of 258).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

1.11%

Rank 152 of 258

Net Interest Margin

3.00%

Rank 209 of 258

Efficiency Ratio

65.63%

Rank 176 of 257

Equity / Assets

4.11%

Rank 257 of 258

Non-interest income vs. expense

$12.3M$38.2MINCOMEEXPENSE
Unfavorable gap of $25.9M · efficiency ratio beats 32% of banks $1B-$10B in assets operating in a single state
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.11%0.93%1.23%1.54%Beats 41%152 / 258
Return on Equity27.13%9.26%11.84%14.74%Beats 97%9 / 258
Net Interest Margin3.00%3.16%3.49%3.88%Beats 19%209 / 258
Efficiency Ratio65.63%51.71%60.30%69.65%Beats 32%176 / 257
Asset Quality
Nonperforming Loans / Loans0.35%0.19%0.46%0.90%Beats 59%106 / 258
Net Charge-Offs / Loans0.04%0.01%0.02%0.07%Beats 38%161 / 258
Capital
Tier 1 Capital Ratio12.65%11.41%12.98%15.12%Beats 44%145 / 258
Total Risk-Based Capital Ratio13.71%12.10%13.91%16.08%Beats 46%139 / 258
Equity / Assets4.11%9.09%10.24%11.72%Beats 0%257 / 258
Liquidity & Funding
Loans / Deposits63.25%73.24%86.34%95.95%9th pctl234 / 258
Loans / Assets59.73%63.01%72.27%78.40%19th pctl208 / 258
Brokered Deposits / Depositsn/aNot reported for this institution