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Citizens State Bank

Royal Oak, MI · Cert 8183 · Citizens Bancshares Inc.

State charter, Fed member · FED · 3 branches

Q2 2026

$581.0MAssets
$455.5MLoans
$530.5MDeposits
$48.0MEquity
Loan mix
91%RE $376.6M9%C&I $35.6M1%Consumer $3.0MQ2 2025Q2 2026
Deposit mix
71%Interest-bearing $375.9M29%Noninterest $154.6MQ2 2025Q2 2026

NIM

6.65%Q2 ’246.39%Q2 ’256.86%Q2 ’26-4%+3%

Non-interest income vs. expense

2.43%Q2 ’242.35%Q2 ’252.07%Q2 ’26-5%-6%

Market Position · Detroit-Warren-Dearborn, MI · 2026 SOD (annual) · 0.3% share · #16 of 37 inst. · $0.5B of $183.9B

0.6% Oakland
76.4% Ontonagon

Executive Summary

  • Earnings: ROA of 1.88%, up 33 bps year over year; NIM at 4.71%.
  • Asset quality: problem loans at 0.18% of loans (-138 bps YoY), with net charge-offs at 0.50%.
  • Capital: tier 1 leverage ratio of 8.58%, down 78 bps from a year ago.
  • Funding: loans stand at 85.88% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.88%+33 bps YoY

Net Interest Margin (quarter, annualized)

4.71%+15 bps YoY

Efficiency Ratio (quarter, annualized)

38.91%-492 bps YoY

Tier 1 Leverage Ratio

8.58%-78 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.55%1.00%1.37%1.80%1.88%+33 bps
Return on Equity18.37%11.67%16.49%21.90%22.67%+430 bps
Net Interest Margin4.56%4.42%3.69%4.12%4.71%+15 bps
Efficiency Ratio43.83%53.39%50.07%46.08%38.91%-492 bps
Non-Interest Burden1.55%2.04%1.54%1.56%1.46%-10 bps
Growth
Asset Growth (YoY)41.74%49.32%60.90%42.34%41.12%-63 bps
Loan Growth (YoY)67.57%76.42%80.95%75.93%54.99%-1,258 bps
Deposit Growth (YoY)43.15%50.45%62.50%42.00%41.51%-164 bps
Asset Quality
Nonperforming Loans / Loans1.57%0.13%0.79%0.05%0.18%-138 bps
Net Charge-Offs / Loans0.00%0.35%0.19%0.00%0.50%+50 bps
Allowance / Loans1.18%1.14%1.17%1.13%1.11%-7 bps
Allowance Coverage of NPLs0.8x8.7x1.5x23.5x6.1x+5.4x
Capital
Tier 1 Leverage Ratio9.37%9.07%9.01%8.85%8.58%-78 bps
Total Risk-Based Capital9.37%9.07%9.01%8.85%8.58%-78 bps
Equity / Assets8.64%8.48%8.17%8.28%8.27%-37 bps
Liquidity & Funding
Loans / Deposits78.41%80.46%79.37%83.67%85.88%+747 bps
Liquid Assets / Assets12.07%12.90%5.33%3.51%4.73%-734 bps
CRE / Total Capitaln/a538%564%580%n/an/a