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Citizens Bank Minnesota

New Ulm, MN · Cert 8200 · Citizens Bcorp of New Ulm Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in MN3

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 under $1B in assets in MN (n=111 to 113). 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

28

Q2 2024Q2 2026peer median (50)

Asset Quality

75

Q2 2024Q2 2026peer median (50)

Profitability

20

Q2 2024Q2 2026peer median (50)

Liquidity

84

Q2 2024Q2 2026peer median

Efficiency

29

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 Minnesota

New Ulm, MN · Cert 8200 · Citizens Bcorp of New Ulm Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$596.0MAssets
$404.5MLoans
$498.7MDeposits
$53.9MEquity
Loan mix
91%RE $298.1M8%C&I $25.1M2%Consumer $5.0MQ3 2024Q2 2026
Deposit mix
95%Interest-bearing $474.8M5%Noninterest $24.0MQ3 2024Q2 2026

Market Position · Mankato, MN · 2026 SOD (annual) · 1.5% share · #15 of 19 inst. · $0.1B of $3.5B

28.1% Brown
9.4% Meeker
6.9% Nicollet
0.5% Dakota

Executive Summary

  • Earnings: ROA of 0.85%, up 47 bps year over year; NIM at 2.95%.
  • Asset quality: problem loans at 0.02% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.33%, up 27 bps from a year ago.
  • Funding: loans stand at 81.11% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.85%+47 bps YoY

Net Interest Margin (YTD, annualized)

2.95%+43 bps YoY

Efficiency Ratio (YTD, annualized)

67.13%-1,174 bps YoY

Tier 1 Leverage Ratio

9.33%+27 bps YoY

NIM

4.01%Q2 ’244.27%Q2 ’254.54%Q2 ’26+12%+17%

Non-interest income vs. expense

2.21%Q2 ’242.30%Q2 ’252.30%Q2 ’26+5%-4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.29%0.30%0.44%0.38%0.48%0.50%0.80%0.85%+47 bps
Return on Equity3.71%3.74%5.30%4.49%5.69%5.88%8.95%9.45%+496 bps
Net Interest Margin2.34%2.36%2.50%2.52%2.55%2.60%2.94%2.95%+43 bps
Efficiency Ratio81.23%81.34%78.11%78.86%75.11%75.08%67.38%67.13%-1,174 bps
Non-Interest Burden1.83%1.84%1.89%1.92%1.82%1.85%1.87%1.85%-7 bps
Growth
Asset Growth (YoY)-3.23%-3.99%-0.92%2.89%5.93%4.47%2.24%2.71%-18 bps
Loan Growth (YoY)1.27%1.05%0.11%1.16%4.68%3.69%3.59%3.36%+220 bps
Deposit Growth (YoY)-4.89%-5.60%-0.20%3.18%5.14%5.76%0.91%1.11%-207 bps
Asset Quality
Nonperforming Loans / Loans0.11%0.10%0.00%0.02%0.00%0.02%0.02%0.02%0 bps
Net Charge-Offs / Loans0.00%0.04%0.00%0.08%0.05%0.04%0.00%0.00%-8 bps
Allowance / Loans0.72%0.72%0.73%0.75%0.74%0.75%0.73%0.72%-2 bps
Allowance Coverage of NPLs6.5x7.5xn/a41.8xn/a31.2x29.5x33.3x-8.5x
Capital
Tier 1 Leverage Ratio9.19%9.13%9.24%9.06%9.14%9.05%9.39%9.33%+27 bps
Total Risk-Based Capital12.07%11.83%12.28%12.13%12.04%11.94%12.33%12.33%+20 bps
Equity / Assets8.62%8.12%8.43%8.54%8.70%8.80%9.12%9.04%+50 bps
Liquidity & Funding
Loans / Deposits80.53%81.77%76.80%79.34%80.18%80.16%78.84%81.11%+177 bps
Liquid Assets / Assets0.14%0.19%1.48%0.25%0.35%0.30%0.24%0.15%-11 bps
CRE / Total Capitaln/an/an/an/a104.21%91.32%82.77%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 Minnesota

New Ulm, MN · Cert 8200 · Peer group: banks under $1B in assets in MN (n=111-113) · Citizens Bcorp of New Ulm Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$596.0MAssets
$404.5MLoans
$498.7MDeposits
$53.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 86% of banks under $1B in assets in MN (rank 16 of 111).
  • Widest gap: net interest margin trails 88% of banks under $1B in assets in MN (rank 99 of 113).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.85%

Rank 88 of 113

Net Interest Margin

2.95%

Rank 99 of 113

Efficiency Ratio

67.97%

Rank 81 of 113

Equity / Assets

9.04%

Rank 80 of 113

Non-interest income vs. expense

$2.7M$13.9MINCOMEEXPENSE
Unfavorable gap of $11.1M · efficiency ratio beats 29% of banks under $1B in assets in MN
Bank 67.97%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.85%0.87%1.20%1.41%Beats 22%88 / 113
Return on Equity9.37%8.92%11.27%13.99%Beats 27%82 / 113
Net Interest Margin2.95%3.42%3.88%4.31%Beats 12%99 / 113
Efficiency Ratio67.97%54.13%61.48%69.86%Beats 29%81 / 113
Asset Quality
Nonperforming Loans / Loans0.02%0.09%0.58%1.82%Beats 86%16 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 64%41 / 111
Capital
Tier 1 Capital Ratio11.68%11.53%13.31%18.13%Beats 27%82 / 113
Total Risk-Based Capital Ratio12.33%12.12%14.43%19.39%Beats 27%83 / 113
Equity / Assets9.04%8.52%10.10%11.94%Beats 29%80 / 113
Liquidity & Funding
Loans / Deposits81.11%62.08%77.32%88.06%58th pctl47 / 111
Loans / Assets67.88%55.01%66.35%75.50%52nd pctl54 / 113
Brokered Deposits / Depositsn/aNot reported for this institution