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Citizens State Bank

Hudson, WI · Cert 6194 · Citizens Bancshares Woodville

State charter, non-member · FDIC · 5 branches

Q2 2026

$488.2MAssets
$401.1MLoans
$410.5MDeposits
$47.1MEquity
Loan mix
94%RE $376.1M5%C&I $20.0M1%Consumer $3.0MQ2 2025Q2 2026
Deposit mix
88%Interest-bearing $361.3M12%Noninterest $49.2MQ2 2025Q2 2026

NIM

5.55%Q2 ’245.76%Q2 ’255.77%Q2 ’26+17%+9%

Non-interest income vs. expense

2.14%Q2 ’242.24%Q2 ’252.31%Q2 ’26+6%+2%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #44 of 125 inst. · $0.4B of $253.2B

15.8% St. Croix
8.7% Dunn
4.7% Pierce

Executive Summary

  • Earnings: ROA of 1.21%, up 26 bps year over year; NIM at 3.70%.
  • Asset quality: problem loans at 0.43% of loans (-14 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.02%, up 53 bps from a year ago.
  • Funding: loans stand at 97.71% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.21%+26 bps YoY

Net Interest Margin (YTD, annualized)

3.70%+30 bps YoY

Efficiency Ratio (YTD, annualized)

58.15%-337 bps YoY

Tier 1 Leverage Ratio

10.02%+53 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.95%1.03%1.06%1.22%1.21%+26 bps
Return on Equity10.69%11.49%11.73%12.96%12.73%+203 bps
Net Interest Margin3.40%3.45%3.51%3.58%3.70%+30 bps
Efficiency Ratio61.52%60.74%59.96%57.71%58.15%-337 bps
Non-Interest Burden1.99%2.00%2.01%1.93%2.03%+4 bps
Growth
Asset Growth (YoY)4.49%6.61%5.49%5.80%5.37%+88 bps
Loan Growth (YoY)10.77%7.76%7.52%2.96%2.86%-791 bps
Deposit Growth (YoY)3.12%6.71%8.33%4.74%3.16%+4 bps
Asset Quality
Nonperforming Loans / Loans0.57%0.32%0.26%0.46%0.43%-14 bps
Net Charge-Offs / Loans0.31%0.21%0.15%0.04%0.02%-29 bps
Allowance / Loans1.18%1.21%1.21%1.26%1.32%+14 bps
Allowance Coverage of NPLs2.1x3.7x4.6x2.7x3.1x+1.0x
Capital
Tier 1 Leverage Ratio9.49%9.56%9.80%9.67%10.02%+53 bps
Total Risk-Based Capital9.49%9.56%9.80%9.67%10.02%+53 bps
Equity / Assets9.01%9.19%9.38%9.40%9.65%+64 bps
Liquidity & Funding
Loans / Deposits98.00%97.11%101.03%97.46%97.71%-29 bps
Liquid Assets / Assets4.77%5.67%3.75%6.68%6.27%+149 bps
CRE / Total Capitaln/a309%314%304%n/an/a