Citizens Community Bancorp Inc.

Listed Company

CZWICIK 0001367859NasdaqAcceleratedSmaller ReportingSavings Institution, Federally CharteredMarylandFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$14.42M

Total Assets

$1.78B

Equity

$187.94M

Shares Out

9.63M

Op. Cash Flow

$11.69M

Business

Citizens Community Bancorp Inc. is a bank holding company that owns and operates a wholly owned national bank subsidiary, providing commercial, agricultural and consumer banking services. The company’s main products and services include commercial and agricultural real estate loans, commercial and industrial loans, residential mortgages, home equity lines of credit, consumer loans, deposit accounts, and investment securities. Its key business components are the holding company functions and the bank’s lending, deposit-taking, investment, and treasury/borrowing activities. The company serves customers through 22 full‑service branches and digital channels across Wisconsin and Minnesota, targeting community, rural, and regional markets.

Summary from filing dated 2025-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	78	80	74	62	58
Interest on cash and investments	10	10	11	8	6
Total interest and dividend income	88	90	84	69	64
Interest on deposits	33	38	26	6	6
Interest on FHLB borrowed funds	13,000	1	6	2	2
Interest on other borrowed funds	3	4	4	4	3
Total interest expense	36	43	36	—	—
Net interest income before provision for credit losses	51	46	48	56	54
Provision (provision reversal) for credit losses	2	−3	−475,000	1	0
Net interest income after provision for credit losses	49	50	49	55	54
Service charges on deposit accounts	2	2	2	2	2
Interchange income	2	2	2	2	2
Loan servicing income	2	2	2	2	3
Gain on sale of loans	3	2	2	1	5
Loan fees and service charges	676,000	996,000	432,000	679,000	705,000
Net gains (losses) on equity securities	234,000	−856,000	447,000	541,000	1
Bank Owned Life Insurance (BOLI) death benefit	0	184,000	0	—	—
Other	993,000	1	1	936,000	1
Total non-interest income	11	10	10	10	16
Compensation and related benefits	24	23	21	22	23
Occupancy	5	5	5	5	5
Data processing	7	7	6	5	6
Amortization of intangible assets	584,000	715,000	755,000	1	2
Mortgage servicing rights expense, net	621,000	534,000	615,000	222,000	191,000
Advertising, marketing and public relations	906,000	793,000	734,000	1	986,000
FDIC premium assessment	773,000	798,000	812,000	470,000	551,000
Professional services	2	2	2	2	2
Losses on repossessed assets, net	33,000	294,000	62,000	−395,000	−199,000
Other	3	3	3	4	2
Total non-interest expense	43	42	40	42	41
Income before provision for income taxes	17	17	19	24	—
Provision for income taxes	3	4	6	6	8
Net income attributable to common stockholders	14	14	13	18	21
Basic earnings (USD per share)	1.46	1.34	1.25	1.69	1.98
Diluted earnings (USD per share)	1.46	1.34	1.25	1.69	1.98
Cash dividends paid (USD per share)	0.36	0.32	0.29	0.26	0.23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	119	50	37	35	48
"Available-for-sale (""AFS"") securities, at fair value (amortized cost of $151,618, net of allowance for credit losses of $0 at December 31, 2025 and amortized cost of $165,604, net of allowance for credit losses of $0 at December 31, 2024)"	134	143	156	166	—
"Held-to-maturity (""HTM"") securities, at amortized cost (fair value of net of $64,117, net of allowance for credit losses of $0 at December 31, 2025 and fair value of $65,622, net of allowance for credit losses of $0 at December 31, 2024)"	80	86	91	96	—
Equity investments	6	5	3	2	1
Other investments	13	13	16	16	15
Loans receivable	1,340	1,369	1,461	1,412	—
Allowance for credit losses	−22	−21	−23	−18	—
Loans receivable, net	1,318	1,348	1,438	1,394	—
Loans held for sale	5	1	6	0	7
Mortgage servicing rights, net	3	4	4	4	4
Office properties and equipment, net	16	17	18	20	21
Accrued interest receivable	6	6	5	5	4
Intangible assets	395,000	979,000	2	2	4
Goodwill	31	31	31	31	31
Foreclosed and repossessed assets, net	857,000	915,000	2	1	1
"Bank owned life insurance (""BOLI"")"	27	26	26	25	24
Other assets	22	17	16	17	9
TOTAL ASSETS	1,782	1,749	1,851	1,816	1,740
Deposits	1,524	1,488	1,519	1,425	1,388
"Federal Home Loan Bank (""FHLB"") advances"	0	5	80	143	112
Other borrowings	52	62	67	72	58
Other liabilities	18	15	12	10	11
Total liabilities	1,594	1,569	1,678	1,649	1,569
Commitments and contingent liabilities	—	—	—	—	—
Common stock $0.01 par value, authorized 30,000,000; 9,617,245 and 9,981,996 shares issued and outstanding, respectively	96,000	100,000	104,000	104,000	105,000
Additional paid-in capital	110	115	119	119	120
Retained earnings	90	81	71	65	51
Accumulated other comprehensive loss	−12	−16	−17	−18	161,000
Total stockholders equity	188	179	173	167	171
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	1,782	1,749	1,851	1,816	1,740

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net accretion on debt securities	−64,000	−78,000	−64,000	41,000	103,000
Depreciation expense	2	2	2	2	2
Provision (provision reversal) for credit losses	2	−3	—	—	—
Net (gains) losses on equity securities	−234,000	856,000	−447,000	−541,000	−651,000
Increase in mortgage servicing rights resulting from transfers of financial assets	−452,000	−332,000	−218,000	−323,000	−1
Mortgage servicing rights amortization	621,000	534,000	615,000	222,000	191,000
Stock based compensation expense	146,000	631,000	—	—	—
(Increase) decrease in deferred income taxes	−1	380,000	202,000	506,000	—
Increase in cash surrender value of life insurance	−806,000	−954,000	−693,000	−642,000	−628,000
Net gains from disposals of foreclosed and repossessed assets	−15,000	−19,000	62,000	−395,000	−199,000
Provision for valuation allowance on foreclosed properties	48,000	313,000	0	—	—
Gain on sale of loans held for sale, net	−3	−2	−2	−1	−5
Proceeds from sale of loans held for sale	84	60	47	47	—
Originations of loans held for sale	−85	−54	−51	−39	—
Amortization of debt issuance costs	203,000	224,000	—	—	—
Accrued interest receivable and other assets	−5	−2	54,000	79,000	1
Other liabilities	3	3	794,000	−2	−73,000
Total adjustments	−3	7	65,000	12	333,000
Net cash from operating activities	12	20	13	29	22
Proceeds from Bank Owned Life Insurance (BOLI) death benefit	0	499,000	0	—	—
Purchase of available-for-sale securities	−10	0	−11	−13	−131
Proceeds from principal payments and maturities of available-for-sale securities	15	15	17	26	32
Proceeds from calls of available-for-sale securities	9	0	—	—	—
Proceeds from principal payments and maturities of held-to-maturity securities	5	6	5	10	9
Equity investment capital distribution	197,000	276,000	132,000	136,000	0
Purchase of equity investments	−1	−450,000	−1	−300,000	−960,000
Net sales of other investments	93,000	520,000	284,000	−290,000	—
Proceeds from sales of foreclosed and repossessed assets	70,000	877,000	307,000	2	557,000
Proceeds from insurance claim on foreclosed and repossessed assets	0	27,000	—	—	—
Net decrease in loans	29	92	−48	−101	−74
Net capital expenditures	−1	−889,000	−1	−4	−4
Proceeds from disposal of office properties and equipment	0	13,000	12,000	14,000	38,000
Net cash from investing activities	46	114	−34	−119	−163
Change in short term in Federal Home Loan Bank advances, net	0	−44	−68	0	0
Federal Home Loan Bank advance call payments	0	−10	−15	−55	0
Federal Home Loan Bank advance long-term maturities	−5	−21	—	—	—
Proceeds from other borrowings, net of origination costs	5	0	0	34	0
Other borrowings principal reductions	−15	−6	−5	−6	0
Net increase (decrease) in deposits	36	−31	94	37	92
Repurchase shares of common stock	−6	−6	−421,000	−2	−8
Surrender of restricted shares of common stock	−190,000	−119,000	−129,000	−150,000	−30,000
Common stock options exercised	179,000	22,000	28,000	71,000	52,000
Cash dividends paid	−4	−3	—	—	—
Net cash from financing activities	11	−121	23	78	70
Net increase (decrease) in cash and cash equivalents	69	13	2	−12	−72
Interest on deposits	35	34	23	6	6
Interest on borrowings	4	5	10	6	5
Income taxes	2	2	4	5	7
Transfers from loans receivable to other real estate owned (OREO)	0	274,000	158,000	92,000	84,000

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