ADDED
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 25 ITEM 7A.
At December 31, 2025, we had approximately $1.782 billion in total assets, $1.524 billion in deposits, and $187.9 million in equity.
Our total gross outstanding loans, before net deferred loan costs and unamortized discounts on acquired loans, as of December 31, 2025, were $1.343 billion, consisting of $1.074 billion in commercial/agricultural real estate loans, $139.3 million in C I/agricultural operating loans, $123.8 million in residential mortgage loans and $6.2 million in consumer installment loans.
At December 31, 2025, our total deposits were $1.524 billion including interest bearing deposits of $1.260 billion and non-interest bearing deposits of $0.264 billion.
On June 29, 2025, the FTSE selected Citizens Community Bancorp, Inc.
for inclusion in the Russell 3000 Index as part of the 2025 annual reconstitution.
The 2024 Banking Addendum provided guidance on how the DOJ would apply heightened scrutiny to assess competition in the context of bank and bank holding company mergers.
In May 2025, the FDIC rescinded its 2024 policy statement on bank merger review and reinstated prior guidance.
The OCC also rescinded the 2024 policy statement and reinstated regulatory provisions providing for expedited processing of bank mergers under its pre-2024 policies.
The current administration is seeking to implement a regulatory reform agenda that is significantly different than that of the prior administration, impacting the rulemaking, supervision, examination and enforcement priorities of the federal banking agencies.
REMOVED
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 24 ITEM 7A.
At December 31, 2024, we had approximately $1.749 billion in total assets, $1.488 billion in deposits, and $179.1 million in equity.
Our total gross outstanding loans, before net deferred loan costs and unamortized discounts on acquired loans, as of December 31, 2024, were $1.372 billion, consisting of $1.081 billion in commercial/agricultural real estate loans, $146.7 million in C I/agricultural operating loans, $135.3 million in residential mortgage loans and $9.0 million in consumer installment loans.
At December 31, 2024, our total deposits were $1.488 billion including interest bearing deposits of $1.235 billion and non-interest bearing deposits of $0.253 billion.
In addition, we are currently considered a non-accelerated filer and will maintain that status for so long as the Company s annual revenues are less than $100 million, and its public float is more than $75 million but less than $700 million.
The 2024 Banking Addendum provides guidance on how the DOJ will assess competition in the context of bank and bank holding company mergers.
An analysis under the 2023 Merger Guidelines and 2024 Banking Addendum may include consideration of theories of harm and relevant markets not considered under the 1995 Bank Merger Guidelines, which focused primarily on concentrations of deposits and branches.
Whether and how the guidance might be further changed or interpreted by the new administration is uncertain.
Pause on Major Federal Reserve Rulemaking On February 28, 2025, Michael Barr stepped down as vice chair of supervision of the Federal Reserve.
The Federal Reserve stated that it will not issue any major rulemaking until a new vice chair for supervision is confirmed by the U.S.