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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