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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