Citizens Community Bancorp Inc.CZWI

Citizens Community Bancorp Inc. Segments Disclosure

10-KFiled Mar 5, 20262 min read
SEGMENT INFORMATION
The Company’s reportable segment is determined by the Chief Financial Officer, who is the designated chief operating decision maker, based upon information provided about the performance of products and services offered in its banking operations. Banking operations consist primarily of lending, deposit and investment activities. The segment is also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review the performance of various components of the business. Components of the Company’s business include various lending and deposit product offerings, the Company’s investment portfolio, banking branches and market geographies. The chief operating decision maker will evaluate the financial performance of the Company’s business components, such as by evaluating revenue, interest margins, significant expenses, and budget to actual operating results in assessing the Company’s segment and in determining the allocation of resources. The chief operating decision maker uses consolidated net income to benchmark the Company against competitors. Loans, investments, and deposits provide the revenue streams of the banking operation. Interest expense, provisions for credit losses, and compensation costs provide the significant expenses of the operation. All operations are domestic.
Year ended December 31,Year ended December 31,
20252024
Interest and dividend income$87,630 $89,615 
Reconciliation of revenue
Other Revenue11,143 10,107 
Total consolidated revenues98,773 99,722 
Less:
Interest expense36,446 43,141 
Segment net interest income and non-interest income62,327 56,581 
Less:
Provision (provision reversal) for credit losses1,950 (3,175)
Compensation and related benefits (expense)23,875 22,741 
Other expenses19,061 19,565 
Provision for income taxes (expense)3,021 3,699 
Segment net income/consolidated net income$14,420 $13,751 
Other segment disclosures:
Interest income$87,630 $89,615 
Interest expense$36,446 $43,141 
Depreciation$2,029 $2,174 
Amortization$584 $715 
Other significant noncash items:
Provision (provision reversal) for credit losses$1,950 $(3,175)
Reconciliation of assets:
Total assets for reportable segments$1,781,755 $1,748,519 
Other assets— — 
Total consolidated assets$1,781,755 $1,748,519 

Historical Timeline

Fiscal YearFiled
2025Mar 5, 2026Showing above
2024Mar 13, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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