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Citizens State Bank

Monticello, IA · Cert 9047 · Herky Hawk Financial Corp.

State charter, non-member · FDIC · 8 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 IA3

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 IA (n=134 to 135). 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

17

Q2 2024Q2 2026peer median (50)

Asset Quality

29

Q2 2024Q2 2026peer median (50)

Profitability

39

Q2 2024Q2 2026peer median (50)

Liquidity

26

Q2 2024Q2 2026peer median

Efficiency

21

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 State Bank

Monticello, IA · Cert 9047 · Herky Hawk Financial Corp.

State charter, non-member · FDIC · 8 branches

Q2 2026

$594.4MAssets
$328.1MLoans
$537.8MDeposits
$39.6MEquity
Loan mix
82%RE $196.6M16%C&I $37.3M2%Consumer $4.5MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $452.4M16%Noninterest $85.3MQ3 2024Q2 2026

Market Position · Cedar Rapids, IA · 2026 SOD (annual) · 2.4% share · #8 of 35 inst. · $0.2B of $8.8B

27.9% Jones
19.6% Delaware
3.4% Clayton
1.1% Dubuque

Executive Summary

  • Earnings: ROA of 0.94%, up 55 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 1.46% of loans (-27 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 11.48%, up 59 bps from a year ago.
  • Funding: loans stand at 61.01% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.94%+55 bps YoY

Net Interest Margin (YTD, annualized)

2.69%+46 bps YoY

Efficiency Ratio (YTD, annualized)

60.60%-832 bps YoY

Tier 1 Leverage Ratio

11.48%+59 bps YoY

NIM

4.22%Q2 ’244.56%Q2 ’254.73%Q2 ’26+17%+21%

Non-interest income vs. expense

2.15%Q2 ’242.11%Q2 ’252.17%Q2 ’26+1%+1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.32%0.35%0.46%0.38%0.47%0.56%0.83%0.94%+55 bps
Return on Equity7.19%7.96%10.28%8.39%9.85%11.16%13.85%15.01%+662 bps
Net Interest Margin1.98%1.98%2.31%2.23%2.25%2.24%2.65%2.69%+46 bps
Efficiency Ratio77.75%76.39%66.86%68.92%68.86%66.31%64.87%60.60%-832 bps
Non-Interest Burden1.50%1.47%1.44%1.45%1.46%1.38%1.59%1.47%+2 bps
Growth
Asset Growth (YoY)9.70%5.44%9.38%9.64%5.96%8.39%4.21%5.47%-417 bps
Loan Growth (YoY)11.08%10.49%15.03%18.49%12.51%13.80%9.12%7.67%-1,082 bps
Deposit Growth (YoY)7.21%9.09%10.44%11.39%5.72%8.30%2.93%4.33%-706 bps
Asset Quality
Nonperforming Loans / Loans0.04%0.09%0.02%1.74%1.68%1.51%1.52%1.46%-27 bps
Net Charge-Offs / Loans-0.01%-0.01%0.00%0.00%0.00%0.01%0.01%0.02%+2 bps
Allowance / Loans0.92%0.92%1.04%1.16%1.15%1.15%1.17%1.18%+3 bps
Allowance Coverage of NPLs23.3x10.0x52.9x0.7x0.7x0.8x0.8x0.8x+0.1x
Capital
Tier 1 Leverage Ratio11.20%10.97%10.92%10.89%11.04%10.78%11.37%11.48%+59 bps
Total Risk-Based Capital11.20%10.97%10.92%10.89%11.04%10.78%11.37%11.48%+59 bps
Equity / Assets5.00%4.43%4.51%4.75%5.52%5.95%6.11%6.66%+191 bps
Liquidity & Funding
Loans / Deposits55.34%57.77%57.52%59.11%58.89%60.70%60.98%61.01%+190 bps
Liquid Assets / Assets18.74%17.61%18.61%17.39%17.28%16.98%17.08%17.74%+35 bps
CRE / Total Capitaln/an/an/an/a101.43%95.90%95.70%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 State Bank

Monticello, IA · Cert 9047 · Peer group: banks under $1B in assets in IA (n=134-135) · Herky Hawk Financial Corp.

State charter, non-member · FDIC · 8 branches

Q2 2026

$594.4MAssets
$328.1MLoans
$537.8MDeposits
$39.6MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 79% of banks under $1B in assets in IA (rank 29 of 135).
  • Widest gap: equity / assets trails 99% of banks under $1B in assets in IA (rank 133 of 135).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.93%

Rank 100 of 135

Net Interest Margin

2.69%

Rank 119 of 135

Efficiency Ratio

64.24%

Rank 107 of 135

Equity / Assets

6.66%

Rank 133 of 135

Non-interest income vs. expense

$4.3M$13.1MINCOMEEXPENSE
Unfavorable gap of $8.9M · efficiency ratio beats 21% of banks under $1B in assets in IA
Bank 64.24%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.93%0.92%1.19%1.47%Beats 26%100 / 135
Return on Equity13.99%7.99%10.26%13.14%Beats 79%29 / 135
Net Interest Margin2.69%2.95%3.41%3.73%Beats 12%119 / 135
Efficiency Ratio64.24%50.61%57.35%63.29%Beats 21%107 / 135
Asset Quality
Nonperforming Loans / Loans1.46%0.03%0.51%1.26%Beats 21%107 / 134
Net Charge-Offs / Loans0.01%n/a0.01%0.03%Beats 37%85 / 134
Capital
Tier 1 Capital Ratio11.48%11.23%13.31%15.45%Beats 28%97 / 135
Total Risk-Based Capital Ratio11.48%11.61%14.06%16.47%Beats 23%104 / 135
Equity / Assets6.66%9.87%11.05%13.07%Beats 1%133 / 135
Liquidity & Funding
Loans / Deposits61.01%68.54%81.55%91.24%15th pctl114 / 134
Loans / Assets55.20%57.61%68.06%76.23%20th pctl108 / 135
Brokered Deposits / Depositsn/aNot reported for this institution