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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

$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