# EDGAR Filing Document

**Accession Number:** 0001367859
**File Stem:** 0001367859-26-000024
**Filing Date:** 2026-4
**Character Count:** 135105
**Document Hash:** 6304061e6e85e0eab636f3149c6fd255
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001367859-26-000024.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001367859-26-000024

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 73

**CONFORMED PERIOD OF REPORT**: 20260427

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Citizens Community Bancorp Inc.
- **CENTRAL INDEX KEY:** 0001367859
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 205120010
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33003
- **FILM NUMBER:** 26896767

**BUSINESS ADDRESS:**
- **STREET 1:** 2174 EASTRIDGE CENTER
- **CITY:** EAU CLAIRE
- **STATE:** WI
- **ZIP:** 54701
- **BUSINESS PHONE:** 715 836 9994

**MAIL ADDRESS:**
- **STREET 1:** 2174 EASTRIDGE CENTER
- **CITY:** EAU CLAIRE
- **STATE:** WI
- **ZIP:** 54701

?xml version='1.0' encoding='ASCII'? czwi-20260427

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

________________

**FORM 8-K** 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 27, 2026

**<u>CITIZENS COMMUNITY BANCORP, INC.</u>**

(Exact name of registrant as specified in its charter)

<u>Maryland</u> 

(State or other jurisdiction of incorporation)

001-33003 20-5120010 <br> (Commission File Number) (I.R.S. Employer Identification No.)

2174 EastRidge Center

Eau Claire, WI 54701

(Address and Zip Code of principal executive offices)

<u>715-836-9994</u> 

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

<u>Securities registered or to be registered pursuant to Section 12(b) of the Act:</u>

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $.01 par value per share | CZWI | NASDAQ Global Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933. (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter.)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

<u>Item 2.02</u>. <u>Results of Operations and Financial Condition</u>.

On April 27, 2026, Citizens Community Bancorp, Inc. (the "Company") issued a press release announcing our financial results for the three months ended March 31, 2026, and posted its Earnings Release Supplement and Earnings Release Presentation to its website. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K, a copy of the Earnings Release Supplement is attached hereto as Exhibit 99.2 and a copy of the Earnings Release Presentation is attached hereto as Exhibit 99.3. The attached Exhibits 99.1, 99.2 and 99.3 are furnished pursuant to Item 2.02 of Form 8-K.

The information in this Item 2.02, Item 9.01 and Exhibits 99.1, 99.2 and 99.3 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

<u>Item 8.01.</u> <u>Other Events.</u>

On April 24, 2026, the Board of Directors declared a quarterly cash dividend of $0.105 per share to shareholders of record as of May 8, 2026, payable on May 22, 2026.

<u>Item 9.01</u>. <u>Financial Statements and Exhibits</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits. The following exhibit is being furnished herewith:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <u>[99.1](exhibit991earningsrelczwi2.htm)</u> | <u>[Press Release dated April 27, 2026](exhibit991earningsrelczwi2.htm)</u> |
| <u>[99.2](ex992.htm)</u> | <u>[Earnings Release Supplement dated April 27, 2026](ex992.htm)</u> |
| <u>[99.3](ex993.htm)</u> | <u>[Earnings Release Presentation dated April 27, 2026](ex993.htm)</u> |
| 104 | The cover page from this Current Report on Form 8-K in Inline XBRL (Extensible Business Reporting Language) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;

------

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | CITIZENS COMMUNITY BANCORP, INC. | CITIZENS COMMUNITY BANCORP, INC. |
| Date: April 27, 2026 | By: | /s/ James S. Broucek |
|  |  | James S. Broucek |
|  |  | Chief Financial Officer |

---

## Exhibit 99.1

 **EXHIBIT 99.1**![bancorp_logoa34.jpg](bancorp_logoa34.jpg)

**Citizens Community Bancorp, Inc. Reports First Quarter 2026 Earnings of $0.39 Per Share;** 

**Board Approves Quarterly Dividend at $0.105 per Share**

**EAU CLAIRE, WI, April 27, 2026 - Citizens Community Bancorp, Inc. (the "Company") (Nasdaq: CZWI),** the parent company of Citizens Community Federal N.A. (the "Bank" or "CCFBank"), today reported earnings of $3.8 million and earnings per diluted share of $0.39 for the first quarter ended March 31, 2026, compared to $4.3 million and earnings per diluted share of $0.44 for the quarter ended December 31, 2025, and $3.2 million and $0.32 earnings per diluted share for the quarter ended March 31, 2025, respectively.

The Company's first quarter 2026 operating results reflected the following changes from the fourth quarter of 2025: (1) loan growth of $17.9 million, or 1.3%; (2) deposit growth of 2.7% to $1.57 billion; (3) an increase in net interest margin of 3 basis points highlighted by a 5 basis points increase in loan yields and an 8 basis point decline in deposit costs partially offset by a decline in cash and investment yields; (4) a slight decrease in net interest income largely due to the impact of 2 fewer business days during the first quarter; (5) increased provision for credit losses of $0.55 million; (6) higher non-interest income of $0.4 million; (7) higher non-interest expense of $0.1 million; and (8) higher tax expense of $0.3 million.

Book value per share improved to $19.82 at March 31, 2026, compared to $19.54 at December 31, 2025, and $18.02 at March 31, 2025. Tangible book value per share (non-GAAP)<sup>1</sup> was $16.52 at March 31, 2026, compared to $16.23 at December 31, 2025, and increased 11.7% from $14.79 at March 31, 2025. For the first quarter of 2026, the increase in tangible book value was primarily due to the increase in net income in the quarter, along with the impact of lower unrealized losses on the available for sale investment portfolio, partially offset by payment of the quarterly dividend. Stockholders' equity as a percentage of total assets was 10.47% at March 31, 2026, compared to 10.55% at December 31, 2025, with the decline largely due to modest asset growth. Tangible common equity ("TCE") as a percent of tangible assets (non-GAAP)<sup>1</sup> was 8.88% at March 31, 2026, compared to 8.92% at December 31, 2025.

"Loan and deposit growth held strong even during the seasonal low point of our year with loans expanding at an annualized rate of 5.3% from the linked quarter. Mortgage and government guaranteed lending activities were a bright spot during the quarter and expenses were well-managed. Loan pipelines remain solid entering April as we approach balance sheet repricing in the back half of the year. There was no share buyback activity in the quarter, although 113 thousand shares remained under the current buyback authorization. Our capital position remained strong with TCE of 8.9% to support organic growth, dividends, share buybacks and M&A activity," stated Stephen Bianchi, Chairman, President, and Chief Executive Officer.

------

**March 31, 2026, Highlights:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Quarterly earnings were $3.8 million, or $0.39 per diluted share for the quarter ended March 31, 2026, a decrease compared to earnings of $4.3 million, or $0.44 per diluted share for the quarter ended December 31, 2025, and an increase from $3.2 million, or $0.32 per diluted share for the quarter ended March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Pre-provision net revenue ("PPNR") increased 5.8% during the quarter ended March 31, 2026, to $5.38 million from $5.09 million for the quarter ended December 31, 2025, and increased 44.5% from $3.72 million over the past year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest income decreased $0.1 million to $13.0 million for the quarter ended March 31, 2026, from $13.1 million for the quarter ended December 31, 2025, and increased from $11.6 million for the quarter ended March 31, 2025. The decrease in net interest income from the fourth quarter of 2025 was primarily due to a net decrease of $0.25 million due to the impact of 2 fewer business days. Partially offsetting the fewer days was the impact of higher loan yields, lower deposit costs, and a decrease in interest-bearing cash yield.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest margin increased 3 basis points to 3.18% for the quarter ended March 31, 2026, compared to the quarter ended December 31, 2025, and increased 33 basis points from the quarter ended March 31, 2025. The increase in net interest margin from the prior quarter was due to higher loan yields and lower deposit costs, partially offset by lower yields on cash and investment securities and the growth of lower yielding interest-bearing cash.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The provision for credit losses was $0.75 million for the quarter ended March 31, 2026, compared to a provision for credit losses of $0.20 million for the fourth quarter of 2025, and a negative provision for credit losses of $0.25 million during the quarter ended March 31, 2025. Factors affecting the March 31, 2026, provision for credit losses include: (1) a net increase of $0.4 million due to increases in reserves on impaired loans, partially offset by lower loss rates on collectively evaluated loans; (2) modest charge-offs of $0.2 million; (3) an increase in economic scenarios based on information provided by our third-party model provider of $0.1 million; and (4) the net impact of new loan growth, net of a decrease in the portfolio duration of $0.05 million. The allowance for credit losses on loans increased to $23.0 million or 132% of total nonperforming loans and 1.69% of total loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest income increased by $0.4 million in the first quarter of 2026 to $3.1 million from $2.7 million in the prior quarter and increased $0.5 million from $2.6 million in the first quarter of 2025. The increase in the first quarter of 2026 from the fourth quarter of 2025 was primarily due to higher gains on sale of loans due in part to the backlog of SBA loans unable to be sold during the fourth quarter of 2025 due to the government shutdown and sold in the first quarter. The increase of non-interest income in the first quarter of 2026, from the first quarter of 2025, was primarily due to higher gains on the sale of loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest expense increased $55 thousand from the previous quarter and increased $0.2 million from $10.5 million for the first quarter of 2025. The slight increase in non-interest expense compared to the linked quarter was largely due to higher compensation items reflecting higher benefit costs and professional fees. The $0.2 million increase from the first quarter of 2025 was largely due to higher compensation and benefit expenses, partially offset by lower data processing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The effective tax rate was 18.9% for the quarter ended March 31, 2026, compared to 12.6% for the quarter ended December 31, 2025, and 19.6% for the quarter ended March 31, 2025. The increase in the effective tax rate in the first quarter of 2026 from the fourth quarter of 2025 was largely due to the full year benefit of a new tax credit investment recognized in the fourth quarter of 2025, based on the vast majority of 2025 funding of the tax credit occurring in the fourth quarter. The lower effective tax rate in the quarter ended March 31, 2026 compared to one year earlier reflects the benefit of the purchased tax credit investment.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loans receivable increased $17.9 million during the first quarter ended March 31, 2026, to $1.358 billion compared to the prior quarter end. The increase was largely due to growth in new C&I loan originations, commercial real estate and construction fundings partially offset by planned runoff of the residential portfolio from the fourth quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Nonperforming assets reflected in government guaranteed and non-guaranteed loans offset by repayments on existing nonperforming loans, resulted in a total increase in nonperforming assets of $1.5 million to $18.2 million at March 31, 2026, compared to $16.7 million at December 31, 2025. The government guaranteed portion of nonperforming assets increased $1.4 million to $2.4 million at March 31, 2026. The non-guaranteed portion of the loans originated with partial government guarantees increased $0.6 million to $1.5 million at March 31, 2026. There are specific reserves of approximately 50% on the non-guaranteed government loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Special mention loans increased $1.4 million to $25.9 million at March 31, 2026, from December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Substandard loans increased $1.1 million to $22.5 million at March 31, 2026, from December 31, 2025, largely due to $1.4 million increase on fully guaranteed government secured non-performing loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total deposits increased $41.5 million during the quarter ended March 31, 2026, to $1.566 billion. This was largely due to seasonal growth in public deposits of $29.6 million and the addition of commercial non-interest bearing deposits totaling $15.7 million received late in the first quarter that were expectedly withdrawn after the quarter ended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The efficiency ratio was 66% for the quarter ended March 31, 2026, compared to 68% for the quarter ended December 31, 2025 and 73% for the quarter ended March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• On April 24, 2026, the Board of Directors approved a quarterly dividend of $0.105 per share. The dividend will be payable on May 22, 2026, to shareholders of record on May 8, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company did not repurchase any shares during the quarter ended March 31, 2026. Approximately 113 thousand shares remained available to purchase under the current authorization as of March 31, 2026.

**Balance Sheet and Asset Quality**

Total assets increased by $41.2 million during the quarter to $1.823 billion at March 31, 2026.

Cash and cash equivalents increased $30.3 million as interest-bearing cash increased due to cash provided by deposit growth, partially offset by loan growth.

The on-balance sheet liquidity ratio, which is defined as the fair market value of available-for-sale ("AFS") and held-to-maturity ("HTM") securities that are not pledged and cash on deposit with other financial institutions, was 16.2% of total assets at March 31, 2026, compared to 14.8% of total assets at December 31, 2025. On-balance sheet liquidity, collateralized new borrowing capacity, and uncommitted federal funds borrowing availability was $799 million, or 248%, of uninsured and uncollateralized deposits at March 31, 2026, and $792 million, or 243% at December 31, 2025.

AFS securities decreased $3.2 million during the quarter ended March 31, 2026, to $130.9 million from $134.1 million at December 31, 2025. The decrease was largely related to principal repayments of $3.0 million, corporate debt security redemptions of $1.3 million, partially offset by purchases of new corporate debt securities of $0.8 million and a decrease in the unrealized loss on AFS securities of $0.3 million.

HTM securities decreased $1.2 million to $79.0 million during the quarter ended March 31, 2026, from $80.2 million at December 31, 2025, due to principal repayments.

Loans receivable increased $17.9 million, or 1.3% increase during the first quarter ended March 31, 2026, to $1.358 billion compared to the prior quarter end as loan growth was realized in commercial real estate, construction and C&I loans.

------

The office loan portfolio consisted of seventy loans totaling $31 million at March 31, 2026, compared to seventy-one loans totaling $32 million at December 31, 2025. Criticized loans in the office loan portfolio for the quarter ended March 31, 2026, totaled $0.2 million, compared to $0.2 million at December 31, 2025, and there have been no charge-offs in the trailing twelve months. The Company has one bank holding company loan for $5 million which constitutes the only non-depository financial institution exposure.

The allowance for credit losses on loans increased by $0.6 million to $23.0 million at March 31, 2026, representing 1.69% of total loans receivable compared to 1.67% of total loans receivable at December 31, 2025, and 132% of total nonperforming loans at March 31, 2026. The provision for credit losses was $0.75 million for the quarter ended March 31, 2026, compared to a provision for credit losses of $0.20 million for the quarter ended December 31, 2025, and a negative provision for credit losses of $0.25 million for the quarter ended March 31, 2025. Factors affecting the March 31, 2026, provision for credit losses include: (1) a net increase of $0.4 million due to increases in reserves on impaired loans, partially offset by lower loss rates on collectively evaluated loans; (2) modest charge-offs of $0.2 million; (3) an increase in economic scenarios based on information provided by our third-party model provider of $0.1 million; and (4) the net impact of new loan growth, net of a decrease in the portfolio duration of $0.05 million.

**Allowance for Credit Losses ("ACL") - Loans Percentage**

(in thousands, except ratios)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 |
| Loans, end of period | $1358252 | $1340325 | $1323010 | $1345620 |
| ACL - Loans | $22966 | $22401 | $22182 | $21347 |
| ACL - Loans as a percentage of loans, end of period | 1.69% | 1.67% | 1.68% | 1.59% |

---

In addition to the ACL - Loans, the Company has established an ACL - Unfunded Commitments of $0.482 million at March 31, 2026, $0.490 million at December 31, 2025, and $0.435 million at March 31, 2025, classified in other liabilities on the consolidated balance sheets.

**Allowance for Credit Losses - Unfunded Commitments**

(in thousands)

---

| | | | |
|:---|:---|:---|:---|
| | March 31, 2026 and Three Months Ended | December 31, 2025 and Three Months Ended | March 31, 2025 and Three Months Ended |
| &nbsp;&nbsp;&nbsp;ACL - Unfunded commitments, beginning of period | $490 | $493 | $334 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additions (reversals) to ACL - Unfunded commitments via provision for credit losses charged to operations | (8) | (3) | 101 |
| &nbsp;&nbsp;&nbsp;ACL - Unfunded commitments, end of period | $482 | $490 | $435 |

---

Nonperforming assets reflected in government guaranteed and non-guaranteed loans offset by repayments on existing nonperforming loans, resulted in a total increase in nonperforming assets of $1.5 million to $18.2 million at March 31, 2026, compared to $16.7 million at December 31, 2025. The government guaranteed portion of nonperforming assets increased $1.4 million to $2.4 million at March 31, 2026. The non-guaranteed portion of the loans originated with partial government guarantees increased $0.6 million to $1.5 million at March 31, 2026. There are specific reserves of approximately 50% on the non-guaranteed government loans.

------

Special mention loans increased $1.4 million to $25.9 million at March 31, 2026, from $24.5 million at December 31, 2025.

Substandard loans increased $1.1 million to $22.5 million at March 31, 2026, from December 31, 2025, largely related to the $1.4 million increase on fully government guaranteed secured non-performing loans.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | (in thousands) | (in thousands) | (in thousands) | (in thousands) | (in thousands) |
| | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 | March 31, 2025 |
| Special mention loan balances | $25894 | $24473 | $12920 | $23201 | $14990 |
| Substandard loan balances | 22498 | 21388 | 21310 | 17922 | 19591 |
| Criticized loans, end of period | $48392 | $45861 | $34230 | $41123 | $34581 |

---

**Deposit Portfolio Composition**

(in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | March 31,<br>2026 | December 31,<br>2025 | September 30,<br>2025 | June 30,<br>2025 | March 31,<br>2025 |
| Consumer deposits | $887998 | $889109 | $855226 | $856467 | $861746 |
| Commercial deposits | 433923 | 422605 | 423662 | 406608 | 423654 |
| Public deposits | 217400 | 187777 | 175689 | 190933 | 211261 |
| Wholesale deposits | 26301 | 24608 | 25977 | 24408 | 26993 |
| Total deposits | $1565622 | $1524099 | $1480554 | $1478416 | $1523654 |

---

At March 31, 2026, the deposit portfolio composition by percentages changed very modestly from the prior quarter at 56.7% consumer, 27.7% commercial, 13.9% public, and 1.7% wholesale deposits.

**Deposit Composition By Type**

(in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | March 31,<br>2026 | December 31,<br>2025 | September 30,<br>2025 | June 30,<br>2025 | March 31,<br>2025 |
| Non-interest-bearing demand deposits | $271396 | $264394 | $262535 | $260248 | $253343 |
| Interest-bearing demand deposits | 392684 | 367958 | 360475 | 366481 | 386302 |
| Savings accounts | 152487 | 151525 | 157317 | 159340 | 167614 |
| Money market accounts | 404991 | 392900 | 354290 | 357518 | 370741 |
| Certificate accounts | 344064 | 347322 | 345937 | 334829 | 345654 |
| Total deposits | $1565622 | $1524099 | $1480554 | $1478416 | $1523654 |

---

Uninsured and uncollateralized deposits were $322.6 million, or 20% of total deposits at March 31, 2026, and $323.5 million, or 21% of total deposits at December 31, 2025. Uninsured deposits alone at March 31, 2026, were $499.6 million, or 32% of total deposits and $478.4 million, or 31% of total deposits at December 31, 2025.

Federal Home Loan Bank advances remained at $0 at March 31, 2026, December 31, 2025, and March 31, 2025.

The Company did not repurchase any shares during the quarter ended March 31, 2026. There remained approximately 113 thousand shares available to repurchase under the current buyback authorization plan as of March 31, 2026. This share repurchase authorization does not oblige the Company to repurchase any shares of its common stock.

------

**Review of Operations**

Net interest income decreased $0.1 million to $13.0 million for the current quarter ended March 31, 2026, from $13.1 million for the quarter ended December 31, 2025, and increased from $11.6 million for the quarter ended March 31, 2025. Net interest income for the first quarter of 2026 was impacted by $0.25 million less net interest income due to 2 fewer business days during the quarter. Loan yields increased 5 basis points during the quarter due to new loan originations and repricing existing loans at higher rates. Total asset yield decreased largely due to seasonal deposit increases in public funds and commercial checking accounts invested in lower yielding interest-bearing cash at the Federal Reserve. Deposit costs decreased 8 basis points during the quarter ended March 31, 2026 to 2.49% from 2.57% for the quarter ended December 31, 2025. The combination of higher loan yields and lower deposit costs resulted in a net interest margin increase of 3 basis points to 3.18% for the quarter ended March 31, 2026, compared to 3.15% for the quarter ended December 31, 2025, and an increase of 33 basis points from the quarter ended March 31, 2025.

**Net Interest Income and Net Interest Margin Analysis**

(in thousands, except yields and rates)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended | Three Months Ended |
| | March 31, 2026 | March 31, 2026 | December 31, 2025 | December 31, 2025 | September 30, 2025 | September 30, 2025 | June 30, 2025 | June 30, 2025 | March 31, 2025 | March 31, 2025 |
| | Net Interest Income | Net Interest Margin | Net Interest Income | Net Interest Margin | Net Interest Income | Net Interest Margin | Net Interest Income | Net Interest Margin | Net Interest Income | Net Interest Margin |
| As reported | $13010 | 3.18% | $13065 | 3.15% | $13214 | 3.20% | $13311 | 3.27% | $11594 | 2.85% |
| Less scheduled accretion for PCD loans | 6 | —% | (5) | —% | (17) | —% | (23) | (0.01)% | (36) | (0.01)% |
| Less paid loan accretion for PCD loans |  | —% |  | —% | (133) | (0.03)% | (416) | (0.10)% |  | —% |
| Less scheduled accretion interest |  | —% |  | —% | (30) | (0.01)% | (33) | (0.01)% | (33) | (0.01)% |
| Without loan purchase accretion | $13016 | 3.18% | $13060 | 3.15% | $13034 | 3.16% | $12839 | 3.15% | $11525 | 2.83% |

---

The table below shows the impact of loans, securities, and certificates contractual fixed rate maturing and repricing.

**Portfolio Contractual Repricing**

(in millions, except yields)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027 | Q2 2027 | Q3 2027 | Q4 2027 |
| **Maturing or Repricing Loans:** |  |  |  |  |  |  |  |
| Contractual balance | $46 | $110 | $97 | $56 | $65 | $43 | $68 |
| Contractual interest rate | 4.98% | 3.74% | 3.97% | 4.15% | 4.47% | 4.96% | 5.36% |
| **Maturing or Repricing Securities:** |  |  |  |  |  |  |  |
| Contractual balance | $7 | $7 | $3 | $3 | $— | $4 | $— |
| Contractual interest rate | 3.57% | 3.44% | 3.27% | 3.31% | —% | 5.93% | —% |
| **Maturing Certificate Accounts:** |  |  |  |  |  |  |  |
| Contractual balance | $99 | $137 | $52 | $45 | $8 | $— | $— |
| Contractual interest rate | 3.84% | 3.77% | 3.74% | 3.56% | 3.44% | 2.39% | 1.71% |

---

Non-interest income increased by $0.4 million in the first quarter of 2026 to $3.1 million from $2.7 million in the prior quarter and increased $0.5 million from $2.6 million in the first quarter of 2025. The increase in the first quarter of 2026, from the fourth quarter of 2025, was primarily due to higher gains on the sale of loans. The fourth quarter of 2025 non-interest income was partially impacted by the government shutdown in the fourth quarter which delayed sales of SBA loans. The increase of non-interest income in the first quarter of 2026, from the first quarter of 2025, was primarily due to higher gains on sale of loans.

------

Non-interest expense increased $0.1 million to $10.8 million from $10.7 million for the previous quarter and increased $0.2 million from $10.5 million for the first quarter of 2025. The increase in non-interest expense compared to the linked quarter was largely due to higher compensation items, reflecting higher benefit costs. The increase from the first quarter of 2025 was largely due to higher compensation and benefit expenses reflecting annual salary increases, offset partially by lower data processing expenses.

Provision for income taxes was $0.9 million in the first quarter of 2026 compared to $0.6 million in the fourth quarter of 2025. The effective tax rate was 18.9% for the quarter ended March 31, 2026, compared to 12.6% for the quarter ended December 31, 2025, and 19.6% for the quarter ended March 31, 2025. The increase in the effective tax rate in the first quarter of 2026 from the fourth quarter of 2025 was largely due to the full year impact of a new tax credit investment recognized in the fourth quarter of 2025, based on the vast majority of 2025 funding of the tax credit occurring in the fourth quarter.

Certain items previously reported may be reclassified for consistency with the current presentation. These financial results are preliminary until the Form 10-Q is filed in May 2026.

**About the Company**

Citizens Community Bancorp, Inc. (Nasdaq: "CZWI") is the holding company of the Bank, a national bank based in Altoona, Wisconsin, currently serving customers primarily in Wisconsin and Minnesota through 21 branch locations. Its primary markets include the Chippewa Valley Region in Wisconsin, the Twin Cities and Mankato markets in Minnesota, and various rural communities around these areas. The Bank offers traditional community banking services to businesses, ag operators and consumers, including residential mortgage loans.

**Cautionary Statement Regarding Forward-Looking Statements**

Certain statements contained in this release are considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified using forward-looking words or phrases such as "anticipate," "believe," "could," "expect," "estimates," "intend," "may," "on pace," "preliminary," "planned," "potential," "should," "will," "would" or the negative of those terms or other words of similar meaning. Similarly, statements that describe the Company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements in this release are inherently subject to many uncertainties arising in the operations and business environment of the Company and the Bank. These uncertainties include: conditions in the financial markets and economic conditions generally; the impact of inflation on our business and our customers; geopolitical tensions, including current or anticipated impact of military conflicts; higher lending risks associated with our commercial and agricultural banking activities; future pandemics; cybersecurity risks; adverse impacts on the regional banking industry and the business environment in which the Company and the Bank operate; interest rate risk; lending risk; changes in the fair value or ratings downgrades of our securities; the sufficiency of allowance for credit losses; competitive pressures from others in the financial services industry, including non-depository institutions; disintermediation risk (including the use of emerging financial technologies such as cryptocurrencies); our ability to maintain our reputation; our ability to maintain or increase our market share; our ability to realize the benefits of net deferred tax assets; our ability to obtain needed liquidity; our ability to raise capital needed to fund growth or meet regulatory requirements; our ability to attract and retain key personnel; our ability to keep pace with technological change; prevalence of fraud and other financial crimes; the possibility that our internal controls and procedures could fail or be circumvented; our ability to successfully execute our acquisition growth strategy; risks posed by acquisitions and other expansion opportunities, including difficulties and delays in integrating acquired business operations or fully realizing the cost savings and other benefits; restrictions on our ability to pay dividends; volatility of our stock price (including possible removal from the Russell 3000<sup>®</sup> Index and related indexes); accounting standards for credit losses; legislative or regulatory changes or actions, or significant litigation, adversely affecting the Company or Bank; public company reporting obligations; changes in federal or state tax laws; and changes in accounting principles, policies or guidelines and their impact on financial performance. Stockholders, potential investors, and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Such uncertainties and other risks that may affect the Company's performance are discussed further in Part I, Item 1A, "Risk Factors," in the Company's Form 10-K, for the year ended

------

December 31, 2025, filed with the Securities and Exchange Commission ("SEC") on March 5, 2026, and the Company's subsequent filings with the SEC. The forward-looking statements made herein are only made as of the date of this release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances occurring after the date of this release.

<sup>1</sup> **Non-GAAP Financial Measures**

This press release contains non-GAAP financial measures, such as tangible book value, tangible book value per share, tangible common equity as a percent of tangible assets and return on average tangible common equity, which management believes may be helpful in understanding the Company's results of operations or financial position and comparing results over different periods.

Tangible book value, tangible book value per share, tangible common equity as a percentage of tangible assets and return on average tangible common equity are non-GAAP measures that eliminate the impact of goodwill and intangible assets on our financial position. Management believes these measures are useful in assessing the strength of our financial position.

Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this press release. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other banks and financial institutions.

Contact: Steve Bianchi, CEO

(715)-836-9994

(CZWI-ER)

------

**CITIZENS COMMUNITY BANCORP, INC.**

**Consolidated Balance Sheets**

(in thousands, except share data)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | March 31, 2026 (unaudited) | December 31, 2025 (audited) | September 30, 2025 (unaudited) | March 31, 2025 (unaudited) |
| *Assets* |  |  |  |  |
| Cash and cash equivalents | $149202 | $118853 | $82431 | $100199 |
| Securities available for sale ("AFS") | 130876 | 134103 | 137639 | 139642 |
| Securities held to maturity ("HTM") | 79014 | 80210 | 81526 | 84301 |
| Equity investments | 5978 | 5840 | 5675 | 5462 |
| Other investments | 12498 | 12506 | 12370 | 12496 |
| Loans receivable | 1358252 | 1340325 | 1323010 | 1352728 |
| Allowance for credit losses | (22966) | (22401) | (22182) | (20205) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans receivable, net | 1335286 | 1317924 | 1300828 | 1332523 |
| Loans held for sale | 654 | 4954 | 5346 | 3296 |
| Mortgage servicing rights, net | 3484 | 3494 | 3532 | 3583 |
| Office properties and equipment, net | 16453 | 16357 | 16244 | 16649 |
| Accrued interest receivable | 5827 | 6126 | 6159 | 5926 |
| Intangible assets | 282 | 395 | 508 | 800 |
| Goodwill | 31498 | 31498 | 31498 | 31498 |
| Foreclosed and repossessed assets, net | 857 | 857 | 911 | 876 |
| Bank owned life insurance ("BOLI") | 27128 | 26908 | 26700 | 26296 |
| Other assets | 23937 | 21730 | 15620 | 16416 |
| TOTAL ASSETS | $1822974 | $1781755 | $1726987 | $1779963 |
| *Liabilities and Stockholders' Equity* |  |  |  |  |
| Liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deposits | $1565622 | $1524099 | $1480554 | $1523654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal Home Loan Bank ("FHLB") advances |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 51844 | 51804 | 46762 | 61664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | 14634 | 17913 | 12856 | 14594 |
| Total liabilities | 1632100 | 1593816 | 1540172 | 1599912 |
| Stockholders' Equity: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock— $0.01 par value, authorized 30,000,000; 9,628,612, 9,617,245, 9,856,745, and 9,989,536 shares issued and outstanding, respectively | 96 | 96 | 99 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 110277 | 110315 | 113030 | 114477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 92739 | 89995 | 86913 | 80439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (12238) | (12467) | (13227) | (14965) |
| Total stockholders' equity | 190874 | 187939 | 186815 | 180051 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $1822974 | $1781755 | $1726987 | $1779963 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**CITIZENS COMMUNITY BANCORP, INC.**

**Consolidated Statements of Operations**

(in thousands, except per share data)

---

| | | | |
|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended |
| | March 31, 2026 (unaudited) | December 31, 2025 (unaudited) | March 31, 2025 (unaudited) |
| Interest and dividend income: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and fees on loans | $18769 | $19034 | $18602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on cash and investments | 2747 | 2737 | 2501 |
| Total interest and dividend income | 21516 | 21771 | 21103 |
| Interest expense: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on deposits | 7791 | 7998 | 8597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on FHLB borrowed funds |  |  | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on other borrowed funds | 715 | 708 | 901 |
| Total interest expense | 8506 | 8706 | 9509 |
| Net interest income before provision for credit losses | 13010 | 13065 | 11594 |
| Provision (provision reversal) for credit losses | 750 | 200 | (250) |
| Net interest income after provision for credit losses | 12260 | 12865 | 11844 |
| Non-interest income: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 460 | 459 | 423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interchange income | 501 | 539 | 518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan servicing income | 661 | 593 | 559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of loans | 1021 | 514 | 720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan fees and service charges | 138 | 146 | 120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net (losses) gains on equity securities | (59) | 191 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 377 | 250 | 243 |
| Total non-interest income | 3099 | 2692 | 2593 |
| Non-interest expense: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation and related benefits | 6066 | 5929 | 5597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occupancy | 1278 | 1226 | 1287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Data processing | 1417 | 1492 | 1719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangible assets | 113 | 113 | 179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage servicing rights expense, net | 161 | 172 | 140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advertising, marketing and public relations | 226 | 344 | 167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC premium assessment | 231 | 189 | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Professional services | 605 | 478 | 508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Losses on repossessed assets, net |  | 33 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 630 | 696 | 664 |
| Total non-interest expense | 10727 | 10672 | 10463 |
| Income before provision for income taxes | 4632 | 4885 | 3974 |
| Provision for income taxes | 877 | 614 | 777 |
| Net income attributable to common stockholders | $3755 | $4271 | $3197 |
| Per share information: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic earnings | $0.39 | $0.44 | $0.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings | $0.39 | $0.44 | $0.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash dividends paid | $0.105 | $— | $0.36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Book value per share at end of period | $19.82 | $19.54 | $18.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible book value per share at end of period (non-GAAP) | $16.52 | $16.23 | $14.79 |

---

------

**Loan Composition**

(in thousands)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 |
| <u>Total Loans:</u> |  |  |  |  |
| Commercial/Agricultural real estate: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | $697785 | $683108 | $683931 | $693382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agricultural real estate | 69706 | 69136 | 64096 | 69237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-family real estate | 241221 | 245688 | 237191 | 238953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction and land development | 83213 | 75767 | 74789 | 70477 |
| C&I/Agricultural operating: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | 114379 | 105907 | 101700 | 109202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agricultural operating | 29032 | 33375 | 30085 | 31876 |
| Residential mortgage: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 117586 | 122025 | 125198 | 125818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchased HELOC loans | 1551 | 1739 | 1979 | 2368 |
| Consumer installment: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Originated indirect paper | 1902 | 2224 | 2567 | 2959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 4633 | 3997 | 4155 | 4275 |
| Gross loans | $1361008 | $1342966 | $1325691 | $1348547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unearned net deferred fees and costs and loans in process | (2638) | (2528) | (2563) | (2629) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unamortized discount on acquired loans | (118) | (113) | (118) | (298) |
| Total loans receivable | $1358252 | $1340325 | $1323010 | $1345620 |

---

**Nonperforming Assets**

Loan balances at amortized cost

(in thousands, except ratios)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 |
| <u>Nonperforming Assets:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual loans |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate | $5899 | $4652 | $4592 | $5013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agricultural real estate | 461 | 464 | 220 | 5447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-family real estate | 8970 | 8970 | 8970 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction and land development |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial ("C&I") | 1517 | 1282 | 1312 | 600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agricultural operating |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 339 | 485 | 520 | 549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer installment | 117 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total nonaccrual loans | $17303 | $15853 | $15614 | $11609 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accruing loans past due 90 days or more | 39 | 1 | 136 | 521 |
| Total nonperforming loans ("NPLs") at amortized cost | 17342 | 15854 | 15750 | 12130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreclosed and repossessed assets, net | 857 | 857 | 911 | 895 |
| Total nonperforming assets ("NPAs") | $18199 | $16711 | $16661 | $13025 |
| Loans, end of period | $1358252 | $1340325 | $1323010 | $1345620 |
| Total assets, end of period | $1822974 | $1781755 | $1726987 | $1735164 |
| Ratios: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NPLs to total loans | 1.28% | 1.18% | 1.19% | 0.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NPAs to total assets | 1.00% | 0.94% | 0.96% | 0.75% |

---

------

**Average Balances, Interest Yields and Rates**

(in thousands, except yields and rates)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | Three Months Ended <br>March 31, 2026 | Three Months Ended <br>March 31, 2026 | Three Months Ended <br>March 31, 2026 | Three Months Ended <br>December 31, 2025 | Three Months Ended <br>December 31, 2025 | Three Months Ended <br>December 31, 2025 | Three Months Ended<br>March 31, 2025 | Three Months Ended<br>March 31, 2025 | Three Months Ended<br>March 31, 2025 |
| | Average<br>Balance | Interest<br>Income/<br>Expense | Average<br>Yield/<br>Rate | Average<br>Balance | Interest<br>Income/<br>Expense | Average<br>Yield/<br>Rate | Average<br>Balance | Interest<br>Income/<br>Expense | Average<br>Yield/<br>Rate |
| **Average interest earning assets:** |  |  |  |  |  |  |  |  |  |
| Cash and cash equivalents | $105651 | $961 | 3.69% | $84678 | $842 | 3.94% | $47835 | $524 | 4.44% |
| Loans receivable | 1328448 | 18769 | 5.73% | 1329456 | 19034 | 5.68% | 1363352 | 18602 | 5.53% |
| Investment securities | 214412 | 1630 | 3.08% | 218205 | 1739 | 3.16% | 228514 | 1808 | 3.21% |
| Other investments | 12503 | 156 | 5.06% | 12390 | 156 | 5.00% | 12498 | 169 | 5.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest earning assets | $1661014 | $21516 | 5.25% | $1644729 | $21771 | 5.25% | $1652199 | $21103 | 5.18% |
| **Average interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| Savings accounts | $152304 | $309 | 0.82% | $152852 | $287 | 0.74% | $167001 | $407 | 0.99% |
| Demand deposits | 376998 | 1768 | 1.90% | 360867 | 1797 | 1.98% | 382355 | 2033 | 2.16% |
| Money market accounts | 393958 | 2508 | 2.58% | 372984 | 2514 | 2.67% | 365528 | 2535 | 2.81% |
| CD's | 344493 | 3206 | 3.77% | 346975 | 3400 | 3.89% | 343751 | 3622 | 4.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | $1267753 | $7791 | 2.49% | $1233678 | $7998 | 2.57% | $1258635 | $8597 | 2.77% |
| FHLB advances and other borrowings | 51824 | 715 | 5.60% | 50941 | 708 | 5.51% | 64635 | 912 | 5.72% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | $1319577 | $8506 | 2.61% | $1284619 | $8706 | 2.69% | $1323270 | $9509 | 2.91% |
| Net interest income |  | $13010 |  |  | $13065 |  |  | $11594 |  |
| Interest rate spread |  |  | 2.64% |  |  | 2.56% |  |  | 2.27% |
| Net interest margin |  |  | 3.18% |  |  | 3.15% |  |  | 2.85% |
| Average interest earning assets to average interest-bearing liabilities |  |  | 1.26 |  |  | 1.28 |  |  | 1.25 |

---

------

**Wholesale Deposits**

(in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | Quarter Ended | Quarter Ended | Quarter Ended | Quarter Ended | Quarter Ended |
| | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 | March 31, 2025 |
| Brokered certificate accounts | $— | $— | $— | $— | $5489 |
| Brokered money market accounts | 5495 | 5168 | 5131 | 5092 | 5053 |
| Third party originated reciprocal deposits | 20806 | 19440 | 20846 | 19316 | 16451 |
| Total wholesale deposits | $26301 | $24608 | $25977 | $24408 | $26993 |

---

**Key Financial Metric Ratios:**

---

| | | | |
|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended |
| | March 31, 2026 | December 31, 2025 | March 31, 2025 |
| Ratios based on net income: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average assets (annualized) | 0.85% | 0.97% | 0.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average equity (annualized) | 8.04% | 9.05% | 7.26% |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average tangible common equity<sup>1</sup> (annualized)  | 9.90% | 11.16% | 9.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;Efficiency ratio | 66% | 68% | 73% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest margin with loan purchase accretion | 3.18% | 3.15% | 2.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest margin without loan purchase accretion | 3.18% | 3.15% | 2.83% |

---

**Reconciliation of Return on Average Assets**

(in thousands, except ratios)

---

| | | | |
|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended |
| | March 31, 2026 | December 31, 2025 | March 31, 2025 |
| GAAP earnings after income taxes | $3755 | $4271 | $3197 |
| Average assets | $1786218 | $1751360 | $1763191 |
| Return on average assets (annualized) | 0.85% | 0.97% | 0.74% |

---

**Reconciliation of Return on Average Equity**

(in thousands, except ratios)

---

| | | | |
|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended |
| | March 31, 2026 | December 31, 2025 | March 31, 2025 |
| GAAP earnings after income taxes | $3755 | $4271 | $3197 |
| Average equity | $189383 | $187270 | $178470 |
| Return on average equity (annualized) | 8.04% | 9.05% | 7.26% |

---

------

**Reconciliation of Return on Average Tangible Common Equity (non-GAAP)**

(in thousands, except ratios)

---

| | | | |
|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended |
| | March 31, 2026 | December 31, 2025 | March 31, 2025 |
| Total stockholders' equity | $190874 | $187939 | $180051 |
| Less: Goodwill | (31498) | (31498) | (31498) |
| Less: Intangible assets | (282) | (395) | (800) |
| Tangible common equity (non-GAAP) | $159094 | $156046 | $147753 |
| Average tangible common equity (non-GAAP) | $157546 | $155320 | $146083 |
| GAAP earnings after income taxes | 3755 | 4271 | 3197 |
| Amortization of intangible assets, net of tax | 92 | 99 | 144 |
| Tangible net income | $3847 | $4370 | $3341 |
| Return on average tangible common equity (annualized) | 9.90% | 11.16% | 9.28% |

---

**Reconciliation of Efficiency Ratio**

(in thousands, except ratios)

---

| | | | |
|:---|:---|:---|:---|
| | Three Months Ended | Three Months Ended | Three Months Ended |
| | March 31, 2026 | December 31, 2025 | March 31, 2025 |
| Non-interest expense (GAAP) | $10727 | $10672 | $10463 |
| Less amortization of intangibles | (113) | (113) | (179) |
| Efficiency ratio numerator (GAAP) | $10614 | $10559 | $10284 |
| Non-interest income | $3099 | $2692 | $2593 |
| Add back net losses on debt and equity securities | (59) |  |  |
| Subtract net gains on debt and equity securities |  | 191 | 10 |
| Net interest income | 13010 | 13065 | 11594 |
| Efficiency ratio denominator (GAAP) | $16168 | $15566 | $14177 |
| Efficiency ratio (GAAP) | 66% | 68% | 73% |

---

**Pre-Provision Net Revenue (PPNR)**

(in thousands, except yields and rates)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 | March 31, 2025 |
| Pre-tax income | $4632 | $4885 | $4535 | $4047 | $3974 |
| Add back provision for credit losses | 750 | 200 | 650 | 1350 |  |
| Subtract provision reversal for credit losses |  |  |  |  | (250) |
| Pre-provision net revenue | $5382 | $5085 | $5185 | $5397 | $3724 |

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**Reconciliation of Tangible Book Value Per Share (non-GAAP)**

(in thousands, except per share data)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Tangible book value per share at end of period** | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 | March 31, 2025 |
| Total stockholders' equity | $190874 | $187939 | $186815 | $183462 | $180051 |
| Less: Goodwill | (31498) | (31498) | (31498) | (31498) | (31498) |
| Less: Intangible assets | (282) | (395) | (508) | (621) | (800) |
| Tangible common equity (non-GAAP) | $159094 | $156046 | $154809 | $151343 | $147753 |
| Ending common shares outstanding | 9628612 | 9617245 | 9856745 | 9991997 | 9989536 |
| Book value per share | $19.82 | $19.54 | $18.95 | $18.36 | $18.02 |
| Tangible book value per share (non-GAAP) | $16.52 | $16.23 | $15.71 | $15.15 | $14.79 |

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**Reconciliation of Tangible Common Equity as a Percent of Tangible Assets (non-GAAP)**

(in thousands, except ratios)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Tangible common equity as a percent of tangible assets at end of period** | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 | March 31, 2025 |
| Total stockholders' equity | $190874 | $187939 | $186815 | $183462 | $180051 |
| Less: Goodwill | (31498) | (31498) | (31498) | (31498) | (31498) |
| Less: Intangible assets | (282) | (395) | (508) | (621) | (800) |
| Tangible common equity (non-GAAP) | $159094 | $156046 | $154809 | $151343 | $147753 |
| Total assets | $1822974 | $1781755 | $1726987 | $1735164 | $1779963 |
| Less: Goodwill | (31498) | (31498) | (31498) | (31498) | (31498) |
| Less: Intangible assets | (282) | (395) | (508) | (621) | (800) |
| Tangible assets (non-GAAP) | $1791194 | $1749862 | $1694981 | $1703045 | $1747665 |
| Total stockholders' equity to total assets ratio | 10.47% | 10.55% | 10.82% | 10.57% | 10.12% |
| Tangible common equity as a percent of tangible assets (non-GAAP) | 8.88% | 8.92% | 9.13% | 8.89% | 8.45% |

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<sup>1</sup>*Tangible book value, tangible book value per share, tangible common equity as a percent of tangible assets and return on tangible common equity are non-GAAP measures that management believes enhance investors' ability to understand the Company's financial position. For a detailed reconciliation of GAAP to non-GAAP results, see the accompanying financial tables "Reconciliation of tangible book value per share (non-GAAP)", "Reconciliation of tangible common equity as a percent of tangible assets (non-GAAP)", and "Reconciliation of return on average tangible common equity (non-GAAP)".*

## Exhibit 99.2

![](ex992001.jpg)

EXHIBIT 99.2 Earnings Release Supplement First Quarter 2026

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![](ex992002.jpg)

Citizens Community Bancorp, Inc. **Table of Contents** Cautionary Notes and Additional Disclosures Deposit Composition Commercial Deposit Concentrations Top 100 Depositors Liquidity Non-Owner Occupied CRE Owner Occupied CRE Multi-family Commercial & Industrial Loans Construction & Development Loans Agricultural Real Estate & Operating Loans (The following four slides are loans included in previous commercial loan slides above, excluding Multi-family loans) Hotel Loans Restaurant Loans Campground Loans Office Loans Credit Quality/Risk Rating Descriptions Loans by Risk Rating as of March 31, 2026 Loans by Risk Rating as of December 31, 2025 Loans by Risk Rating as of September 30, 2025 Loans by Risk Rating as of March 31, 2025 Allowance for Credit Losses – Loans Allowance for Credit Losses – Unfunded Commitments Delinquency as of March 31, 2026 and December 31, 2025 Delinquency as of September 30, 2025 and June 30, 2025 Page(s) 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 18 19 19 20 20 21 22 Nonaccrual Loans Roll Forward Other Real Estate Owned Roll Forward Investments – Amortized Cost and Fair Value Investments – Credit Ratings Earnings Per Share Economic Value of Equity Net Interest Income Over One Year Horizon Selected Capital Composition Highlights – Bank and Company Fair Value Accounting and Fair Value Table Page(s) 23 23 24 24 25 26 26 27 28 1

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![](ex992003.jpg)

Cautionary Notes and Additional Disclosures SOURCE, DATES AND PERIODS PRESENTED In this earnings release financial supplement, unless otherwise noted, data from internal documents was used as the source for this document. Unless otherwise noted, "20YY" refers to either the corresponding fiscal year-end date or the corresponding 12-months (i.e. fiscal year) then ended. "MMM-YY" refers to either the corresponding quarter-end date, or the corresponding three-month period then ended. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This earnings release financial supplement may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, descriptions of the financial condition, results of operations, asset and credit quality trends, profitability, projected earnings, future plans, strategies and expectations of Citizens Community Bancorp, Inc. ("CZWI" or the "Company") and its subsidiary, Citizens Community Federal, National Association ("CCFBank"). The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of complying with those safe harbor provisions. Forward-looking statements, which are based on certain assumptions of the Company, are generally identifiable by use of the words "believe," "expect," "estimates," "intend," "anticipate," "estimate," "project," "on pace," "seek," "target," "potential," "focus," "may," "preliminary," "could," "should" or similar expressions. Similarly, statements that describe the Company's future plans, objectives or goals are also forward-looking statements. These forward-looking statements express management's current expectations or forecasts of future events, and by their nature, are subject to risks and uncertainties. Therefore, there are a number of factors that might cause actual results to differ materially from those in such statements. These uncertainties include: conditions in the financial markets and economic conditions generally; the impact of inflation on our business and our customers; geopolitical tensions, including current or anticipated impact of military conflicts; higher lending risks associated with our commercial and agricultural banking activities; future pandemics; cybersecurity risks; adverse impacts on the regional banking industry and the business environment in which the Company and the Bank operate; interest rate risk; lending risk; changes in the fair value or ratings downgrades of our securities; the sufficiency of allowance for credit losses; competitive pressures from others in the financial services industry, including non-depository institutions; disintermediation risk (including the use of emerging financial technologies such as cryptocurrencies); our ability to maintain our reputation; our ability to maintain or increase our market share; our ability to realize the benefits of net deferred tax assets; our ability to obtain needed liquidity; our ability to raise capital needed to fund growth or meet regulatory requirements; our ability to attract and retain key personnel; our ability to keep pace with technological change; prevalence of fraud and other financial crimes; the possibility that our internal controls and procedures could fail or be circumvented; our ability to successfully execute our acquisition growth strategy; risks posed by acquisitions and other expansion opportunities, including difficulties and delays in integrating acquired business operations or fully realizing the cost savings and other benefits; restrictions on our ability to pay dividends; volatility of our stock price (including possible removal from the Russell 3000® Index and related indexes); accounting standards for credit losses; legislative or regulatory changes or actions, or significant litigation, adversely affecting the Company or Bank; public company reporting obligations; changes in federal or state tax laws; and changes in accounting principles, policies or guidelines and their impact on financial performance. Stockholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward- looking statements. Such uncertainties and other risks that may affect the Company's performance are discussed further in Part I, Item 1A, "Risk Factors," in the Company's Form 10-K, for the year ended December 31, 2025, filed with the Securities and Exchange Commission ("SEC") on March 5, 2026, and the Company's subsequent filings with the SEC. The forward-looking statements made herein are only made as of the date of this earnings release financial supplement and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances occurring after the date hereof. NON-GAAP FINANCIAL MEASURES This earnings release financial supplement contains non-GAAP financial measures. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of the registrant's historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet or statement of cash flows (or equivalent statements) of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. In this regard, GAAP refers to generally accepted accounting principles in the United States. Non-GAAP financial measures referred to herein include net income as adjusted, return on average equity as adjusted, and return on average assets as adjusted. Reconciliations of all non-GAAP financial measures used herein to the comparable GAAP financial measures appear in the appendix at the end of this presentation. 2

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Deposit Composition March 31, 2026 Average Account Size (in thousands) AmountType $16Retail $66Commercial $564Public $1.57 Billion 80% of deposits insured or collateralized Top 10 Depositors Coverage Beyond FDIC(1)Industry% of DepositsRank ICSEducational Services1.8%1 ICSPublic Administration1.8%2 ICSHealth Care1.7%3 CollateralizedPublic Administration1.3%4 CollateralizedPublic Administration1.3%5 CollateralizedPublic Administration1.1%6 CollateralizedPublic Administration0.8%7 NoneProfessional, Scientific, & Technical Services0.8%8 CollateralizedPublic Administration0.8%9 NoneProfessional, Scientific, & Technical Services0.6%10 (1) Coverage by ICS and private insurance may not cover entire balance 3

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Commercial Deposit Concentrations March 31, 2026 Diverse commercial deposit base with no industry concentration over 12% 4

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Top 100 Depositors March 31, 2026 $1.57 Billion 5

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Liquidity March 31, 2026 $799 Million 6

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Portfolio Fundamentals 48% 22% 30% Wisconsin Minnesota Other By Geography As of 3/31/26 • Typically, well-seasoned investors with multiple projects, track record of success, and personal financial strength (Net Worth/Liquidity) • Maximum LTV =<80% with recourse to owners with >20% interest • Term of 5 to 10 years with 20 to 25-year amortizations depending on property type, markets, and strength and liquidity of sponsors • Minimum DSC and/or Global DSC covenant required to monitor performance ranging from 1.15x-1.25x • Conservative underwriting approach emphasizing actual results or market data • Appropriate use of SBA 504/7a for lower cash injection or special use projects Non-Owner Occupied CRE 3/31/2026 12/31/2025 $449 $443 708 719 $634 $616 Approximate Weighted Average LTV 52% 51% 49 48 Trailing 12 Month Net Charge-Offs 0.03% 0.00% $6.3 $6.3 1.4% 1.4% Weighted Average Seasoning in Months Loan Balance Outstanding in Millions Number of Loans Average Loan Size in Thousands Portfolio Characteristics - Non-Owner Occupied CRE As of Criticized Loans in Millions Criticized Loans as a Percent of Total 29% 23%19% 8% 5% 4% 4% 2% 1% 1% 4% CRE - Campground Investor Residential Hotel CRE - Retail CRE - Senior Living CRE - Warehouse/Mini Storage CRE - Office CRE - Mixed Use CRE - Industrial/Manufacturing Bar/Restaurant Non-Owner Occupied CRE As of 3/31/26 7

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20% 19% 15% 11% 9% 4% 22% CRE - Restaurant CRE - Warehouse/Mini Storage CRE - Industrial/Manufacturing CRE - Retail CRE - Mixed Use CRE - Office Other Owner-Occupied CRE As of 3/31/26 Portfolio Fundamentals 80% 14% 6% Wisconsin Minnesota Other By Geography As of 3/31/26 • Underwritten to <80% LTV based on appraised value • Term of 5 to 10 years with 20-year amortization • Recourse to owners with >20% interest • DSC covenant of 1.25x on project and/or Global DSC of 1.15x • Appropriate use of SBA 504/7a for lower cash injection or special use projects • By Geography "Other" segment includes borrowers with warm climates and no income tax states Owner-Occupied CRE 3/31/2026 12/31/2025 $249 $240 380 377 $655 $637 Approximate Weighted Average LTV 48% 49% 48 48 Trailing 12 Month Net Charge-Offs (Recoveries) 0.01% 0.00% $18.8 $19.0 7.6% 7.9%Criticized Loans as a Precent of Total Weighted Average Seasoning in Months Criticized Loans in Millions Portfolio Characteristics - Owner-Occupied CRE Loan Balance Outstanding in Millions Number of Loans Average Loan Size in Thousands As of 8

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![](ex992010.jpg)

Portfolio Fundamentals 63% 26% 11% Wisconsin Minnesota Other By Geography As of 3/31/26 39% 23% 11% 9% 8% 3%1% 6% 2021 2022 2025 2020 2023 2024 2019 Prior to 2019 By Vintage As of 3/31/26 • Housing markets in Eau Claire, La Crosse, and Mankato markets supported by student populations (state universities and technical colleges) and growing populations and job markets • Multi-family sponsors experienced owners with multi-project portfolios • Typically underwritten to 75% LTV based on appraised value with recourse; metro markets and/or strong sponsors may warrant up to 80% LTV • Generally, term of 5-10 years with 20 to 25-year amortization (varies by new versus existing, size of market, and sponsor strength) • Covenant for minimum DSC/Global DSC Multi-Family CRE 3/31/2026 12/31/2025 $241 $246 124 125 $1.95 $1.97 61% 61% Weighted Average Seasoning in Months 49 46 0.00% 0.00% $9.0 $9.0 3.7% 3.7%Criticized Loans as a Percent of Total Approximate Weighted Average LTV Trailing 12 Month Net Charge-Offs Criticized Loans in Millions Portfolio Characteristics - Multi-Family CRE Loan Balance Outstanding in Millions Number of Loans Average Loan Size in Millions As of 9

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![](ex992011.jpg)

91% 8% 1% Wisconsin Minnesota Other By Geography As of 3/31/26 20% 13% 12% 8%8% 8% 5% 4% 3% 3% 3% 2% 2% 9% Wholesale Trade Manufacturing Transportation & Warehousing Finance & Insurance Construction Retail Trade Administrative Support Public Admin Real Estate, Rental, & Leasing Health Care & Social Services Professional, Scientific, & Technical Services Arts, Entertainment, & Recreation Education Services Other Commercial & Industrial As of 3/31/26 • Highly diversified, secured loan portfolio underwritten with recourse • Lines of credit reviewed annually and may have borrowing base certificates governing line usage • Fixed asset LTV's based on age and type of equipment; <5-year amortization • Use of SBA Guaranty Program (Preferred Lender or General Processing) as appropriate • "Retail Trade" segment consists of Farm Supply, Franchised Hardware, Franchised Auto Parts, Franchised and Non-franchised Auto Dealers and Repair Shops, and Convenience Stores/Gas Stations Commercial & Industrial Loans 3/31/2026 12/31/2025 $114 $106 617 616 $185 $172 34 40 0.03% 0.04% $49 $54 $8.1 $8.0 Criticized Loans as a Precent of Total 7.1% 6.6% Criticized Loans in Millions Weighted Average Seasoning in Months Trailing 12 Month Net Charge-Offs Committed Line, if collateral in Millions Portfolio Characteristics - Commercial & Industrial Loan Balance Outstanding in Millions Number of Loans Average Loan Size in Thousands As of Portfolio Fundamentals 10

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Portfolio Fundamentals 24% 19% 10%8% 5%2% 32% Campgrounds Hospitality 1-4 Family CRE - Industrial/Manufacturing Land Multi-Family Other Construction & Development As of 3/31/26 62%13% 9% 8% 4% 2% 1% 1% Wisconsin Colorado Texas Tennessee Minnesota Florida Massachusetts Utah By Geography As of 3/31/26 • Underwritten to 75-80% LTV based on lesser of cost or appraised value with full recourse • Interest only typically up to 18 months (depending on project complexity and seasonal timing) followed by amortization of 15-25 years (terms vary by property type) • Borrower equity contribution of cash/land value =>15% injected at the beginning of project (cash/land contribution) • Construction loans require 3rd party inspections and title company draws after balancing to sworn construction statement Construction & Development Loans 3/31/2026 12/31/2025 Loan Balance Outstanding in Millions $83 $76 Number of Loans 88 84 Average Loan Size in Millions $1.0 $0.9 Approximate Weighted Average LTV 71% 72% Trailing 12 Month Net Charge-Offs 0.00% 0.00% Percent Utilized of Commitments 67% 63% Criticized Loans in Millions $2.20 $0.06 Criticized Loans as a Percent of Total 2.6% 0.1% Portfolio Characteristics - Construction & Development As of 11

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![](ex992013.jpg)

47% 24% 17% 12% Crop Other Farming Dairy Other Agricultural As of 3/31/26 Portfolio Fundamentals 78% 21% 1% Wisconsin Minnesota Other By Geography As of 3/31/26 • Producers required to have marketing plans to mitigate volatility of commodities • Appropriate crop/revenue insurance and/or dairy margin protection required • Maximum Ag RE LTV of <65%; equipment LTV of <75% • Appropriate structuring to separate crop production cycles and to match length of loan with asset financed • Use of Farmer Mac, FSA, SBA, or USDA programs to address DSC, collateral margins, or working capital • Operating and Ag loan relationships are typically cross collateralized Agricultural Real Estate & Operating Loans 3/31/2026 12/31/2025 $99 $103 443 455 $223 $225 37 39 (0.01%) (0.02%) Criticized Loans in Millions $1.6 $1.3 1.6% 1.5%Criticized Loans as a Percent of Total Weighted Average Seasoning in Months Trailing 12 Month Net Charge-Offs (Recoveries) Portfolio Characteristics - Agricultural Loan Balance Outstanding in Millions Number of Loans Average Loan Size in Thousands As of 12

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46% 29% 25% Limited Service Full Service Other Hotels As of 3/31/26 Portfolio Fundamentals 39% 38% 14% 9% Minnesota Wisconsin Illinois Colorado By Geography As of 3/31/26 • Mainly experienced multi-project hoteliers and guarantors with strong personal financial statements (net worth and liquidity) • Mainly flagged/franchised limited stay properties • Underwriting consistent with management's conservative approach to Investor CRE, emphasizing actual results stressed scenarios in underwriting Hotel Loans 3/31/2026 12/31/2025 $97 $95 22 20 $4.4 $4.7 55% 56% 0.00% 0.00% $3.2 $3.3 3.3% 3.5%Criticized Loans as a Precent of Total As of Number of Loans Trailing 12 Month Net Charge-Offs (Recoveries) Portfolio Characteristics - Hotels Loan Balance Outstanding in Millions Average Loan Size in Millions Approximate Weighted Average LTV Criticized Loans in Millions 13

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![](ex992015.jpg)

56% 22% 13% 4% 3% 2% Culver's - Limited Service Restaurants Bowling Centers Drinking Establishments Other National Limited Services Other Restaurants As of 3/31/26 Portfolio Fundamentals 62% 24% 14% Wisconsin Minnesota Other By Geography As of 3/31/26 • Experienced developers/operators of National Limited/Quick Service brands (Culver's, Subway, Dairy Queen, McDonald's, Jimmy John's, A&W, etc.) • Underwritten to =<80% LTV with full recourse (depending on sponsor history); 20-year amortization with 5 to 10-year terms • Use of SBA Guaranty Program (Preferred Lender or General Processing) as appropriate • Drinking Establishments may have other collateral pledged and tend to be in smaller communities in our footprint Restaurant Loans 3/31/2026 12/31/2025 $65 $62 83 84 $778 $733 52% 48% 0.00% 0.00% $3.20 $3.26 4.9% 5.3%Criticized Loans as a Percent of Total Portfolio Characteristics - Restaurants As of Trailing 12 Month Net Charge-Offs Loan Balance Outstanding in Millions Number of Loans Average Loan Size in Thousands Approximate Weighted Average LTV Criticized Loans in Millions 14

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![](ex992016.jpg)

21% 18% 17% 16% 13% 5% 5% 5% 2021 2023 2020 2022 2025 2026 2024 Prior By Vintage As of 3/31/26 Portfolio Fundamentals 16% 10% 8% 7% 7%6%6% 5% 5% 5% 5% 4% 3% 3% 2% 8% Wisconsin Alabama Ohio Illinois Tennessee Florida New Jersey Maryland Pennsylvania Texas Utah New York Kentucky North Carolina South Carolina Other By Geography As of 3/31/26 • Experienced multi-unit operators and owner-occupied franchised campgrounds (typically Jellystone Park) • Grounds offer a mix of camping, RV, and cabin options with recreational amenities • Park locations within reasonable proximity of metropolitan areas and/or near national and state parks • Underwritten with recourse generally with 5 to 10-year terms and 20-year amortization • Use of SBA 7a and 504 or other government guaranteed loan programs as appropriate • 20+ years of history through CCF acquisition with no charge-off history Campground Loans 3/31/2026 12/31/2025 $151 $149 70 69 $2.2 $2.2 48% 48% 44 43 0.00% 0.00% $0.0 $0.0 0.00% 0.00%Criticized Loans as a Percent of Total Portfolio Characteristics - Campgrounds As of Weighted Average Seasoning in Months Criticized Loans in Millions Loan Balance Outstanding in Millions Number of Loans Average Loan Size in Millions Approximate Weighted Average LTV Trailing 12 Month Net Charge-Offs 15

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![](ex992017.jpg)

74% 26% Maturity or Next Repricing Date As of 3/31/26 2026 2027 & Beyond Portfolio Fundamentals 81% 11% 8% Wisconsin Minnesota Other By Geography As of 3/31/26 • Properties financed are generally in Wisconsin and Minnesota, and 98% of properties are located outside of large cities • Projects underwritten with 5 to 10-year term, up to 20-year amortization, and <80% LTV • Loans are with recourse to the sponsor/owner(s) • Buildings are mostly single level buildings and no more than three floors high • Tenants centered in medical, insurance, professional services, and government Office Loans 3/31/2026 12/31/2025 $31 $32 70 71 $440 $454 52% 47% 43.0 39.9 0.00% 0.00% $0.2 $0.2 0.5% 0.5%Criticized Loans as a Percent of Total Portfolio Characteristics - Office As of Weighted Average Seasoning in Months Criticized Loans in Millions Loan Balance Outstanding in Millions Number of Loans Average Loan Size in Thousands Approximate Weighted Average LTV Trailing 12 Month Net Charge-Offs 16

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![](ex992018.jpg)

Credit Quality/Risk Ratings: Management utilizes a numeric risk rating system to identify and quantify the Bank's risk of loss within its loan portfolio. Ratings are initially assigned prior to funding the loan and may be changed at any time as circumstances warrant. Ratings range from the highest to lowest quality based on factors that include measurements of ability to pay, collateral type and value, borrower stability and management experience. The Bank's loan portfolio is presented below in accordance with the risk rating framework that has been commonly adopted by the federal banking agencies. The definitions of the various risk rating categories are as follows: 1 through 4 - Pass. A "Pass" loan means that the condition of the borrower and the performance of the loan is satisfactory or better. 5 - Watch. A "Watch" loan has clearly identifiable developing weaknesses that deserve additional attention from management. Weaknesses that are not corrected or mitigated may jeopardize the ability of the borrower to repay the loan in the future. 6 - Special Mention. A "Special Mention" loan has one or more potential weakness that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution's credit position in the future. 7 - Substandard. A "Substandard" loan is inadequately protected by the current net worth and paying capacity of the obligor or the collateral pledged, if any. Assets classified as substandard must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. 8 - Doubtful. A "Doubtful" loan has all the weaknesses inherent in a "Substandard" loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. 9 - Loss. Loans classified as "Loss" are considered uncollectible, and their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, and a partial recovery may occur in the future. As of March 31, 2026, December 31, 2025, September 30, 2025, and March 31, 2025, there were no loans classified as "Doubtful" with a risk rating of 8 and no loans classified as "Loss" with a risk rating of 9. Residential and consumer loans are typically not rated until they are past due 90 days at month-end which is why they are classified as "Pass" graded 1-5 and once past due or have a history of delinquencies, get assigned a grade 7. 17

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Below is a breakdown of loans by risk rating as of March 31, 2026: (in thousands) 1 to 5 6 7 TOTAL Total Loans: Commercial/Agricultural real estate: Commercial real estate $672,655 $16,971 $8,159 $697,785 Agricultural real estate 68,333 915 458 69,706 Multi-family real estate 232,231 — 8,990 241,221 Construction and land development 81,011 2,202 — 83,213 C&I/Agricultural operating: Commercial and industrial 106,262 5,606 2,511 114,379 Agricultural operating 28,832 200 — 29,032 Residential mortgage: Residential mortgage 115,350 — 2,236 117,586 Purchased HELOC loans 1,434 — 117 1,551 Consumer installment: Originated indirect paper 1,876 — 26 1,902 Other consumer 4,632 — 1 4,633 Gross loans $1,312,616 $25,894 $22,498 $1,361,008 Less: Unearned net deferred fees and costs and loans in process (2,638) Unamortized discount on acquired loans (118) Allowance for credit losses (22,966) Loans receivable, net $1,335,286 Below is a breakdown of loans by risk rating as of December 31, 2025: (in thousands) 1 to 5 6 7 TOTAL Total Loans: Commercial/Agricultural real estate: Commercial real estate $657,822 $17,233 $8,053 $683,108 Agricultural real estate 68,003 923 210 69,136 Multi-family real estate 236,697 — 8,991 245,688 Construction and land development 75,710 57 — 75,767 C&I/Agricultural operating: Commercial and industrial 97,906 6,121 1,880 105,907 Agricultural operating 33,236 139 — 33,375 Residential mortgage: Residential mortgage 119,918 — 2,107 122,025 Purchased HELOC loans 1,622 — 117 1,739 Consumer installment: Originated indirect paper 2,196 — 28 2,224 Other consumer 3,995 — 2 3,997 Gross loans $1,297,105 $24,473 $21,388 $1,342,966 Less: Unearned net deferred fees and costs and loans in process (2,528) Unamortized discount on acquired loans (113) Allowance for credit losses (22,401) Loans receivable, net $1,317,924 18

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![](ex992020.jpg)

Below is a breakdown of loans by risk rating as of September 30, 2025: (in thousands) 1 to 5 6 7 TOTAL Total Loans: Commercial/Agricultural real estate: Commercial real estate $668,722 $6,925 $8,284 $683,931 Agricultural real estate 63,736 143 217 64,096 Multi-family real estate 228,200 — 8,991 237,191 Construction and land development 74,789 — — 74,789 C&I/Agricultural operating: Commercial and industrial 95,032 5,374 1,294 101,700 Agricultural operating 29,607 478 — 30,085 Residential mortgage: Residential mortgage 122,824 — 2,374 125,198 Purchased HELOC loans 1,862 — 117 1,979 Consumer installment: Originated indirect paper 2,537 — 30 2,567 Other consumer 4,152 — 3 4,155 Gross loans $1,291,461 $12,920 $21,310 $1,325,691 Less: Unearned net deferred fees and costs and loans in process (2,563) Unamortized discount on acquired loans (118) Allowance for loan losses (22,182) Loans receivable, net $1,300,828 Below is a breakdown of loans by risk rating as of March 31, 2025: (in thousands) Below is a breakdown of loans by risk rating as of December 31, 2023: 1 to 5 6 7 TOTAL Total Loans: Commercial/Agricultural real estate: Commercial real estate $694,112 $7,728 $8,135 $709,975 Agricultural real estate 64,968 143 5,960 71,071 Multi-family real estate 237,872 — — 237,872 Construction and land development 58,461 — — 58,461 C&I/Agricultural operating: Commercial and industrial 101,594 6,605 1,421 109,620 Agricultural operating 28,073 514 723 29,310 Residential mortgage: Residential mortgage 125,872 — 3,198 129,070 Purchased HELOC loans 2,443 — 117 2,560 Consumer installment: Originated indirect paper 3,400 — 34 3,434 Other consumer 4,676 — 3 4,679 Gross loans $1,321,471 $14,990 $19,591 $1,356,052 Less: Unearned net deferred fees and costs and loans in process (2,542) Unamortized discount on acquired loans (782) Allowance for loan losses (20,205) Loans receivable, net $1,332,523 19

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Allowance for Credit Losses - Loans (in thousand, except ratios) March 31, 2026 and Three Months Ended December 31, 2025 and Three Months Ended September 30, 2025 and Three Months Ended June 30, 2025 and Three Months Ended Allowance for Credit Losses ("ACL") ACL - Loans, beginning of period $22,401 $22,182 $21,347 $20,205 Loans charged off: Commercial/Agricultural real estate (17) — — — C&I/Agricultural operating (183) — (7) (67) Residential mortgage — — — — Consumer installment (1) (4) — (7) Total loans charged off (201) (4) (7) (74) Recoveries of loans previously charged off: Commercial/Agricultural real estate — — — 52 C&I/Agricultural operating — 2 3 1 Residential mortgage 5 — 52 — Consumer installment 3 18 3 5 Total recoveries of loans previously charged off: 8 20 58 58 Net loan recoveries/(charge-offs) ("NCOs") (193) 16 51 (16) Additions (Reversals) to ACL - Loans via provision for credit losses charged to operations 758 203 784 1,158 ACL - Loans, end of period $22,966 $22,401 $22,182 $21,347 Average outstanding loan balance $1,328,448 $1,329,456 $1,342,635 $1,353,332 Ratios: NCOs (annualized) to average loans 0.06 % 0.00 % (0.02) % 0.00 % Allowance for Credit Losses - Unfunded Commitments: (in thousands) In addition to the ACL - Loans, the Company has established an ACL - Unfunded Commitments of $0.482 million at March 31, 2026, $0.490 million at December 31, 2025, and $0.435 million at March 31, 2025, classified in other liabilities on the consolidated balance sheets. March 31, 2026 and Three Months Ended December 31, 2025 and Three Months Ended March 31, 2025 and Three Months Ended ACL - Unfunded commitments, beginning of period $490 $493 $334 Additions (reversals) to ACL - Unfunded commitments via provision for credit losses charged to operations (8) (3) 101 ACL - Unfunded commitments, end of period $482 $490 $435 20

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Delinquency Detail Loan balances at amortized cost (in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans March 31, 2026 Commercial/Agricultural real estate: Commercial real estate $— $— $665 $665 $695,540 $696,205 Agricultural real estate 931 — — 931 68,683 69,614 Multi-family real estate — — 8,970 8,970 232,065 241,035 Construction and land development 57 — — 57 82,781 82,838 C&I/Agricultural operating: Commercial and industrial 978 — 742 1,720 112,478 114,198 Agricultural operating — — — — 29,027 29,027 Residential mortgage: Residential mortgage 1,769 30 67 1,866 115,383 117,249 Purchased HELOC loans — — — — 1,550 1,550 Consumer installment: Originated indirect paper — — — — 1,903 1,903 Other consumer 58 — — 58 4,575 4,633 Total $3,793 $30 $10,444 $14,267 $1,343,985 $1,358,252 December 31, 2025 Commercial/Agricultural real estate: Commercial real estate $471 $572 $467 $1,510 $680,136 $681,646 Agricultural real estate 192 — — 192 68,850 69,042 Multi-family real estate — — 8,970 8,970 236,521 245,491 Construction and land development 57 — — 57 75,342 75,399 C&I/Agricultural operating: Commercial and industrial 665 — 1,143 1,808 103,948 105,756 Agricultural operating — — — — 33,364 33,364 Residential mortgage: Residential mortgage 1,419 132 44 1,595 120,071 121,666 Purchased HELOC loans 117 — — 117 1,622 1,739 Consumer installment: Originated indirect paper — — — — 2,225 2,225 Other consumer 29 2 1 32 3,965 3,997 Total $2,950 $706 $10,625 $14,281 $1,326,044 $1,340,325 21

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Delinquency Detail (Continued) Loan balances at amortized cost (in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans September 30, 2025 Commercial/Agricultural real estate: Commercial real estate $3,401 $1,063 $216 $4,680 $677,760 $682,440 Agricultural real estate 197 — — 197 63,804 64,001 Multi-family real estate — 8,970 — 8,970 228,098 237,068 Construction and land development — — — — 74,354 74,354 C&I/Agricultural operating: Commercial and industrial 277 — 436 713 100,822 101,535 Agricultural operating — — — — 30,078 30,078 Residential mortgage: Residential mortgage 1,114 208 181 1,503 123,331 124,834 Purchased HELOC loans — — — — 1,979 1,979 Consumer installment: Originated indirect paper 18 — — 18 2,548 2,566 Other consumer 6 9 2 17 4,138 4,155 Total $5,013 $10,250 $835 $16,098 $1,306,912 $1,323,010 June 30, 2025 Commercial/Agricultural real estate: Commercial real estate $7,962 $170 $45 $8,177 $683,666 $691,843 Agricultural real estate — — — — 68,965 68,965 Multi-family real estate — — — — 238,823 238,823 Construction and land development — — — — 70,008 70,008 C&I/Agricultural operating: Commercial and industrial — 1,324 405 1,729 107,319 109,048 Agricultural operating — — — — 31,895 31,895 Residential mortgage: Residential mortgage 2,858 414 566 3,838 121,598 125,436 Purchased HELOC loans — — — — 2,368 2,368 Consumer installment: Originated indirect paper 1 — — 1 2,958 2,959 Other consumer 12 1 — 13 4,262 4,275 Total $10,833 $1,909 $1,016 $13,758 $1,331,862 $1,345,620 22

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Nonaccrual Loans Roll Forward Loan balances at amortized cost (in thousands) Quarter Ended March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Balance, beginning of period $15,853 $15,614 $11,609 $13,091 $13,168 Additions 2,350 483 9,958 600 694 Charge offs (200) — (7) (72) (21) Payments received (681) (244) (5,934) (1,992) (752) Other, net (19) — (12) (18) 2 Balance, end of period $17,303 $15,853 $15,614 $11,609 $13,091 Other Real Estate Owned Roll Forward (in thousands) Quarter Ended March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Balance, beginning of period $850 $876 $876 $876 $891 Loans transferred in — — — — — Real estate transferred in from fixed assets value reduction — — — — — Branch properties sales — — — — — Sales — — — — — Write-downs — (26) — — (15) Other, net — — — — — Balance, end of period $850 $850 $876 $876 $876 23

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The amortized cost, estimated fair value and related unrealized gains and losses on securities available-for-sale and held- to-maturity as of March 31, 2026 and December 31, 2025, respectively, were as follows: (in thousands) Available-for-sale securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 31, 2026 U.S. government agency obligations $9,790 $19 $38 $9,771 Mortgage-backed securities 80,866 — 15,709 65,157 Corporate debt securities 41,790 158 1,456 40,492 Student loan asset-backed securities 15,621 3 168 15,456 Total available-for-sale securities $148,067 $180 $17,371 $130,876 December 31, 2025 U.S. government agency obligations $10,811 $15 $53 $10,773 Mortgage-backed securities 82,264 — 15,580 66,684 Corporate debt securities 42,394 152 1,864 40,682 Student loan asset-backed securities 16,149 10 195 15,964 Total available-for-sale securities $151,618 $177 $17,692 $134,103 (in thousands) Held-to-maturity securities Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Estimated Fair Value March 31, 2026 Obligations of states and political subdivisions $300 $— $10 $290 Mortgage-backed securities 78,714 5 15,989 62,730 Total held-to-maturity securities $79,014 $5 $15,999 $63,020 December 31, 2025 Obligations of states and political subdivisions $400 $— $12 $388 Mortgage-backed securities 79,810 6 16,087 63,729 Total held-to-maturity securities $80,210 $6 $16,099 $64,117 The composition of our available-for-sale portfolio by credit rating as of the dates indicated below was as follows: (in thousands) March 31, 2026 December 31, 2025 Available-for-sale securities Amortized Cost Fair Value Amortized Cost Fair Value U.S. government agency $90,655 $74,928 $93,075 $77,458 AAA 2,797 2,781 4,613 4,595 AA 12,825 12,675 11,536 11,369 A 2,250 2,081 2,250 2,097 BBB 39,540 38,411 40,144 38,584 Total available-for-sale securities $148,067 $130,876 $151,618 $134,103 24

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The composition of our held-to-maturity portfolio by credit rating as of the dates indicated was as follows: (in thousands) March 31, 2026 December 31, 2025 Held-to-maturity securities Amortized Cost Fair Value Amortized Cost Fair Value U.S. government agency $78,714 $62,730 $79,810 $63,729 A 300 290 400 388 Total $79,014 $63,020 $80,210 $64,117 On July 24, 2025, the Board of Directors authorized a stock repurchase program of 5% of the outstanding shares on that date or 499,000 shares, in open market or private transactions. The timing and amount of any share repurchases under this authorization will be determined by management based on market conditions and other considerations. This share repurchase authorization does not obligate the Company to repurchase any shares of its common stock. During the quarter ended March 31, 2026, no shares were repurchased under this program. As of March 31, 2026, approximately 113 thousand shares remained available for repurchase. Earnings Per Share (Amounts in thousands, except per share data) Three Months Ended March 31, 2026 December 31, 2025 March 31, 2025 Basic Net income attributable to common shareholders $3,755 $4,271 $3,197 Weighted average common shares outstanding 9,626 9,709 9,989 Basic earnings per share $0.39 $0.44 $0.32 Diluted Net income attributable to common shareholders $3,755 $4,271 $3,197 Weighted average common shares outstanding 9,626 9,709 9,989 Add: Dilutive stock options outstanding 8 10 12 Average shares and dilutive potential common shares 9,634 9,719 10,001 Diluted earnings per share $0.39 $0.44 $0.32 Common stock issued and outstanding 9,629 9,617 9,990 25

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Economic Value of Equity Percent Change in Economic Value of Equity (EVE) Change in Interest Rates in Basis Points ("bp") Rate Shock in Rates (1) At March 31, 2026 At December 31, 2025 +300 bp 8 % 6 % +200 bp 5 % 4 % +100 bp 3 % 2 % -100 bp (3) % (4) % -200 bp (6) % (8) % Net Interest Income Over One Year Horizon Percent Change in Net Interest Income Over One Year Horizon Change in Interest Rates in Basis Points ("bp") Rate Shock in Rates (1) At March 31, 2026 At December 31, 2025 +300 bp 1 % (4) % +200 bp 0 % (2) % +100 bp 0 % (1) % -100 bp 0 % (1) % -200 bp (1) % (1) % 26

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CITIZENS COMMUNITY FEDERAL N.A. Selected Capital Composition Highlights March 31, 2026 (unaudited) December 31, 2025 (audited) September 30, 2025 (unaudited) June 30, 2025 (unaudited) To Be Well Capitalized Under Prompt Corrective Action Provisions Tier 1 leverage ratio (to adjusted total assets) 11.3% 11.3% 12.2% 12.2% 5.0% Tier 1 capital (to risk weighted assets) 13.2% 13.4% 14.6% 14.4% 8.0% Common equity tier 1 capital (to risk weighted assets) 13.2% 13.4% 14.6% 14.4% 6.5% Total capital (to risk weighted assets) 14.4% 14.6% 15.9% 15.7% 10.0% CITIZENS COMMUNITY BANCORP, INC. Selected Capital Composition Highlights March 31, 2026 (unaudited) December 31, 2025 (audited) September 30, 2025 (unaudited) June 30, 2025 (unaudited) For Capital Adequacy Purposes Tier 1 leverage ratio (to adjusted total assets) 9.8% 9.9% 9.9% 9.8% 4.0% Tier 1 capital (to risk weighted assets) 11.3% 11.6% 11.8% 11.6% 6.0% Common equity tier 1 capital (to risk weighted assets) 11.3% 11.6% 11.8% 11.6% 4.5% Total capital (to risk weighted assets) 14.9% 15.3% 15.5% 16.3% 8.0% 27

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Fair Value Accounting ASC Topic 820-10, "Fair Value Measurements and Disclosures" establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The topic describes three levels of inputs that may be used to measure fair value: Level 1- Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Company has the ability to access as of the measurement date. Level 2- Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3- Significant unobservable inputs that reflect the Company's assumptions about the factors that market participants would use in pricing an asset or liability. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input within the valuation hierarchy that is significant to the fair value measurement. The fair value of securities available for sale is determined by obtaining market price quotes from independent third parties wherever such quotes are available (Level 1 inputs); or matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities' relationship to other benchmark quoted securities (Level 2 inputs). Where such quotes are not available, we utilize independent third party valuation analysis to support our own estimates and judgments in determining fair value (Level 3 inputs). Fair Value Table The table below represents what we would receive to sell an asset or what we would have to pay to transfer a liability in an orderly transaction between market participants at the measurement date. The carrying amount and estimated fair value of the Company's financial instruments as of the dates indicated below were as follows: March 31, 2026 Valuation Method Used Carrying Amount Estimated Fair Value Financial assets: Cash and cash equivalents (Level I) $149,202 $149,202 Securities available for sale "AFS" (Level II) 130,876 130,876 Securities held to maturity "HTM" (Level II) 79,014 63,020 Farmer Mac equity securities (Level I) 430 430 Preferred equity (Level III) 1,125 1,125 Equity investments valued at NAV (1) N/A 4,423 N/A Other investments (Level II) 12,498 12,498 Loans receivable, net (Level III) 1,335,286 1,321,105 Loans held for sale - Residential mortgage (Level I) 654 654 Loans held for sale - SBA /FSA (Level II) — — Mortgage servicing rights (Level III) 3,484 4,811 Accrued interest receivable (Level I) 5,827 5,827 Financial liabilities: Deposits (excluding demand deposits) (Level III) $901,542 $901,314 Other borrowings (Level II) 51,844 50,250 Accrued interest payable (Level I) 3,245 3,245 (1) Investments valued at NAV are excluded from being reported under the fair value hierarchy but are presented to permit reconciliation with the balance sheet in accordance with ASC 820-10-35-54B. 28

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## Exhibit 99.3

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2026 First Quarter Results Earnings Release Presentation Exhibit 99.3

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Cautionary Notes and Additional Disclosures 2 DATES AND PERIODS PRESENTED Unless otherwise noted, "20YY" refers to either the corresponding fiscal year-end date or the corresponding 12-months (i.e., fiscal year) then ended. "MMM-YY" refers to either the corresponding quarter-end date, or the corresponding three-month period then ended. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This presentation may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, descriptions of the financial condition, results of operations, asset and credit quality trends, profitability, projected earnings, future plans, strategies and expectations of Citizens Community Bancorp, Inc. ("CZWI" or the "Company") and its subsidiary, Citizens Community Federal, National Association ("CCFBank") . The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of complying with those safe harbor provisions. Forward- looking statements, which are based on certain assumptions of the Company, are generally identifiable by use of the words "believe," "expect," "estimates," "intend," "anticipate," "estimate," "project," "on pace," "seek," "target," "potential," "focus," "may," "preliminary," "could," "should" or similar expressions. Similarly, statements that describe the Company's future plans, objectives or goals are also forward-looking statements. These forward-looking statements express management's current expectations or forecasts of future events, and by their nature, are subject to risks and uncertainties. Therefore, there are a number of factors that might cause actual results to differ materially from those in such statements. These uncertainties include: conditions in the financial markets and economic conditions generally; the impact of inflation on our business and our customers; geopolitical tensions, including current or anticipated impact of military conflicts; higher lending risks associated with our commercial and agricultural banking activities; future pandemics; cybersecurity risks; adverse impacts on the regional banking industry and the business environment in which the Company and the Bank operate; interest rate risk; lending risk; changes in the fair value or ratings downgrades of our securities; the sufficiency of allowance for credit losses; competitive pressures from others in the financial services industry, including non-depository institutions; disintermediation risk (including the use of emerging financing technologies such as cryptocurrencies); our ability to maintain our reputation; our ability to maintain or increase our market share; our ability to realize the benefits of net deferred tax assets; our ability to obtain needed liquidity; our ability to raise capital needed to fund growth or meet regulatory requirements; our ability to attract and retain key personnel; our ability to keep pace with technological change; prevalence of fraud and other financial crimes; the possibility that our internal controls and procedures could fail or be circumvented; our ability to successfully execute our acquisition growth strategy; risks posed by acquisitions and other expansion opportunities, including difficulties and delays in integrating acquired business operations or fully realizing the cost savings and other benefits; restrictions on our ability to pay dividends; volatility of our stock price (including possible removal from the Russell 3000® Index and related indexes; accounting standards for credit losses; legislative or regulatory changes or actions, or significant litigation, adversely affecting the Company or Bank; public company reporting obligations; changes in federal or state tax laws; and changes in accounting principles, policies or guidelines and their impact on financial performance. Stockholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Such uncertainties and other risks that may affect the Company's performance are discussed further in Part I, Item 1A, "Risk Factors," in the Company's Form 10-K, for the year ended December 31, 2025, filed with the Securities and Exchange Commission ("SEC") on March 5, 2026, and the Company's subsequent filings with the SEC. The forward-looking statements made herein are only made as of the date of this presentation and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances occurring after the date hereof. NON-GAAP FINANCIAL MEASURES These slides contain non-GAAP financial measures. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of the registrant's historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet or statement of cash flows (or equivalent statements) of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. In this regard, GAAP refers to generally accepted accounting principles in the United States. Non·GAAP financial measures referred to herein include net income as adjusted, EPS as adjusted, ROAA as adjusted, return on average tangible common equity (ROATCE), ROATCE as adjusted, tangible book value, tangible book value per share, efficiency ratio as adjusted and tangible common equity / tangible assets. Reconciliations of all Non·GAAP financial measures used herein to the comparable GAAP financial measures appear in the appendix at the end of this presentation. SOURCE Unless otherwise noted, internal Company documents

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Investment Summary Markets EPS expansion, quarterly dividend, and share buyback authorization in place 3 Returns Asset Quality Modest growth markets with diverse industries support steady balance sheet growth Historical charge offs less than 5 bps during the last five years, while maintaining strong ACL reserves Insider Ownership Board and Executive Management, including former chairperson, beneficially own 6% of outstanding shares Balance Sheet Strong capital ratios, solid liquidity and funding to support organic loan growth M & A Fiduciary duty to enhance shareholder value

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Performance Objectives Capital Management Credit Financial Performance Culture Exceed 1% ROA and 12% ROATCE through modest organic loan and deposit growth and efficiency ratio in the low to mid 60% range Consumer deposit to business deposit at approximately 50%-50%, broad industry loan exposure, and granularity of individual loan and deposit accounts Minimize net charge-offs to less than 5 bps Leadership that engages and empowers colleagues to execute our business strategy with accountability for results 4 Diversification Maintain TCE>8% to support organic loan growth, quarterly dividend and share buybacks, and for M&A activity

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Operating Market Overview CZWI operates in diverse markets within the northwestern region of Wisconsin, metro Twin Cities, and the Mankato, Minnesota MSA Source: S&P Global Market Intelligence 0 0 0 0 0 5

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$574 $733 $759 $1,177 $1,238 $1,311 $1,412 $1,461 $1,369 $1,340 $1,358 $558 $743 $747 $1,196 $1,295 $1,388 $1,425 $1,519 $1,488 $1,524 $1,566 $696 $941 $975 $1,531 $1,649 $1,740 $1,816 $1,851 $1,749 $1,782 $1,823 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Mar-26 Franchise Expansion CZWI has transformed the Company from a consumer bank to a commercial bank to strengthen the earnings profile and franchise  Total Assets Loans Receivable  Total Deposits Source: S&P Global Market Intelligence, company filings 6 July 2019 Assets: $192mm Tomah, WI May 2016 Assets: $154mm Rice Lake, WI 2 Central Bank branches February 2016 Deposits: $27mm Northwestern WI August 2017 Assets: $269mm Wells, MN October 2018 Assets: $269mm Osseo, WI

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2 82 12 14 18 6 6 SD 5 ND 10 7 4 812 10 1 2 13 7 7 3 NE 30 IA 38 MN 33 WI 41 7 Merger & Acquisition Opportunity Landscape Targets Banks IA MN ND NE SD WI Total # of Institutions 38 33 10 30 5 41 157 Total Population 3,253,819 5,814,567 802,867 2,018,899 932,872 5,974,383 18,797,407 Total Deposits ($M) 23,347 20,596 6,244 18,626 3,099 24,764 96,677 Significant Growth Opportunities:  Attractive demographic trends  Low-cost deposit bases  Meaningful scale  Strategic deployment of liquidity  Superior asset quality metrics  Desirable operating markets  Rich profitability profiles Citizens Community Bancorp, Inc. (CZWI) headquarters Note: Includes commercial & savings banks and savings & loan associations with total assets between $500M and $1.25B as of MRQ; Excludes mutual banks; Regulatory financial data as of 12/31/2025 Source: S&P Capital IQ Pro

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Values Our six main values are: integrity, commitment, innovation, collaboration, focus, and sustainability. Vision Make more possible for our customers, colleagues, communities, and shareholders! Mission Provide the best products, service, and ideas to our customers every interaction every day. Culture and Engagement 8 2025 2024 20232022 Participation Rate: 95.0%95.1%84.8%91.4% 87.1% 84.0% 80.8% 89.6% 74.1% 87.4% 87.4% 84.2% 76.8% 84.9% 70.2% 90.9% 86.0% 82.9% 82.6% 87.0% 69.4% 87.8% 86.0% 81.4% 82.1% 84.8% 66.5% 89.2% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% Overall Role Team Supervisor Compensation Organization Colleague Satisfaction Score 2022 2023 2024 2025 Excellent Target

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Pre-Provision Net Revenue (PPNR) 9 Pre-Provision Net Revenue ("PPNR") is defined as net interest income plus total non-interest income minus total non-interest expense. This measure is a non-GAAP financial measure since it excludes the provision for (recovery of) credit losses included in net income. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. Pre-provision net revenue includes net interest income recognized on the payoff of nonaccrual loans and loans with purchase credit discounts of $0.3 million and $1.1 million for the three-month periods ended September 30, 2025, and June 30, 2025, respectively. Mar-26 Dec-25 Sep-25 Jun-25 Mar-25 Pre-tax income 4,632$4,885$4,535$4,047$3,974$ Add back provision for credit losses 750 200 650 1,350 - Subtract provision reversal for credit losses - - - - (250) Pre-Provision net revenue 5,382$5,085$5,185$5,397$3,724$($000) Pre-Provision Net Revenue (PPNR) Quarter Ended

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Net Income and Diluted EPS Source: S&P Global Market Intelligence, company filings Net Income as Adjusted and Diluted EPS Income as Adjusted are non-GAAP financial measures, which management believes may be helpful in understanding the Company's results of operations or financial position and comparing results over different periods. Reconciliation of Net Income and Diluted EPS Income as Adjusted to the comparable GAAP financial measure can be found in the appendix of this presentation. These measures should not be viewed as a substitute for operating results determined in accordance with GAAP. 10 $12,725 $21,266 $17,761 $13,059 $13,751 $14,420 $3,755 $12,425 $21,339 $18,500 $13,321 $13,883 $14,420 $3,755 $0 $5,000 $10,000 $15,000 $20,000 $25,000 2020 2021 2022 2023 2024 2025 Mar-26 NET INCOME NET INCOME NET INCOME AS ADJUSTED ANNUAL VS. QUARTERLY $1.14 $1.98 $1.69 $1.25 $1.34 $1.46 $0.39 $1.11 $1.99 $1.76 $1.28 $1.35 $1.46 $0.39 $0.00 $0.50 $1.00 $1.50 $2.00 2020 2021 2022 2023 2024 2025 Mar-26 DILUTED EPS DILUTED EPS DILUTED EPS INCOME AS ADJUSTED ANNUAL VS. QUARTERLY

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Book Value, Tangible Book Value, and Core Net Revenue Detail Source: S&P Global Market Intelligence, company filings Tangible book value per share is a non-GAAP measure, which management believes may be helpful in assessing capital adequacy. The reconciliation of tangible book value per share can be found in the appendix of this presentation. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. 11 $11.18 $12.90 $12.77 $13.42 $14.69 $16.23 $16.52 $14.52 $16.27 $16.03 $16.60 $17.94 $19.54 $19.82 $0.00 $5.00 $10.00 $15.00 $20.00 2020 2021 2022 2023 2024 2025 Mar-26 BOOK VALUE AND TANGIBLE BOOK VALUE PER SHARE TANGIBLE BOOK VALUE PER SHARE BOOK VALUE PER SHARE ANNUAL VS. QUARTERLY $43,673 $40,532 $41,743 $40,142 $42,306 $42,936 $10,727 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 2020 2021 2022 2023 2024 2025 2026 YTD CORE NET REVENUE DETAIL ($000) NET INTEREST INCOME NON-INTEREST INCOME NON-INTEREST EXPENSE $68,703 $69,491 $56,581$58,599 $62,327 $16,109 $66,799

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Quarterly data is annualized for the quarterly 2026 information. Return on average assets as adjusted, return on average tangible common equity (ROATCE), and ROATCE as adjusted are non-GAAP measures, which management believes may be helpful in understanding the underlying business performance trends related to average assets and average tangible equity. Reconciliations of ROAA as adjusted, ROTCE, and ROTCE as adjusted can be found in the appendix of this presentation. These measures should not be viewed as substitutes for operating results determined in accordance with GAAP. Return on Average Assets (ROAA) and Return on Average Tangible Common Equity (ROATCE) Source: SEC filings and Company documents 12 0.80% 1.23% 1.00% 0.71% 0.76% 0.82% 0.85% 0.78% 1.24% 1.04% 0.73% 0.77% 0.82% 0.85% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 2020 2021 2022 2023 2024 2025 Mar-26 ROAA ROAA ROAA INCOME AS ADJUSTED ANNUAL VS. QUARTERLY 12.1% 17.6% 14.4% 10.3% 10.0% 9.9% 9.9% 11.8% 17.6% 14.9% 10.5% 10.1% 9.9% 9.9% 0.0% 5.0% 10.0% 15.0% 20.0% 2020 2021 2022 2023 2024 2025 Mar-26 ROATCE ROATCE ROATCE INCOME AS ADJUSTED ANNUAL VS. QUARTERLY

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Efficiency Ratio, Net Interest Income (NII), and Net Interest Margin (NIM) The efficiency ratio as adjusted is a non-GAAP measure, which management believes may be helpful in understanding the underlying business performance trends related to non-interest expense. A reconciliation of the efficiency ratio as adjusted to its comparable GAAP financial measure can be found in the appendix of this presentation. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. 13 61% 57% 61% 68% 72% 68% 66% 62% 57% 59% 67% 72% 68% 66% 0% 15% 30% 45% 60% 75% 2020 2021 2022 2023 2024 2025 Mar-26 EFFICIENCY RATIO EFFICIENCY RATIO EFFICIENCY RATIO AS ADJUSTED ANNUAL VS. QUARTERLY $50,255 $53,667 $56,369 $48,349 $46,474 $51,184 $13,010 3.40% 3.34% 3.39% 2.81% 2.73% 3.12% 3.18% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 2020 2021 2022 2023 2024 2025 2026 YTD NII AND NIM ($000) NET INTEREST INCOME NET INTEREST MARGIN

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Citizens Community Bancorp, Inc. Capital Ratios 14 7.7% 7.9% 8.5% 8.9% 9.5% 9.9% 9.8% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 2020 2021 2022 2023 2024 2025 Mar-26 LEVERAGE RATIO 10.5% 9.7% 9.7% 10.3% 11.4% 11.6% 11.3% 0.0% 4.0% 8.0% 12.0% 2020 2021 2022 2023 2024 2025 Mar-26 COMMON EQUITY TIER 1 RATIO 14.3% 13.1% 14.0% 14.7% 16.1% 15.3% 14.9% 0.0% 3.0% 6.0% 9.0% 12.0% 15.0% 18.0% 2020 2021 2022 2023 2024 2025 Mar-26 TOTAL CAPITAL RATIO Tangible common equity / tangible assets is a non-GAAP measure, which management believes may be helpful in understanding the underlying business performance trends related to tangible assets and tangible common equity. A reconciliation of tangible common equity / tangible assets to its comparable financial measure can be found in the appendix of the presentation. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. 7.7% 7.9% 7.5% 7.7% 8.5% 8.9% 8.9% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 2020 2021 2022 2023 2024 2025 Mar-26 TANGIBLE COMMON EQUITY / TANGIBLE ASSETS

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CZWI Shares Repurchased and Tangible Common Equity (TCE) as a Percent of Tangible Assets (non-GAAP) Tangible common equity / tangible assets is a non-GAAP measure, which management believes may be helpful in understanding the underlying business performance trends related to tangible assets and tangible common equity. A reconciliation of tangible common equity and tangible assets to its comparable financial measure can be found in the appendix of the presentation. This measure should not be viewed as a substitute for operating results determined in accordance with GAAP. 15 7.7% 7.9% 7.5% 7.7% 8.5% 8.9% 8.9% 253,431 620,197 128,923 41,646 476,099 385,252 NONE 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 2020 2021 2022 2023 2024 2025 2026 YTD SHARES REPURCHASED AND TCE / TANGIBLE ASSETS TCE RATIO SHARES REPURCHASED

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Asset Quality 1.38% 1.29% 1.27% 1.57% 1.50% 1.67% 1.69% 0.00% 0.50% 1.00% 1.50% 2.00% 2020 2021 2022 2023 2024 2025 Mar-26 ALLOWANCE FOR CREDIT LOSSES (ACL) - LOANS / LOANS 0.70% 0.76% 0.70% 0.83% 0.82% 0.94% 1.00% 0.00% 0.50% 1.00% 2020 2021 2022 2023 2024 2025 Mar-26 NONPERFORMING ASSETS (NPA) / ASSETS 16 150% 143% 157% 169% 154% 141% 132% 0% 50% 100% 150% 200% 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY Mar-26 ACL-LOANS / NONPERFORMING LOANS (NPL) 0.08% 0.01% 0.03% -0.03% 0.01% 0.00% 0.06% -0.04% -0.02% 0.00% 0.02% 0.04% 0.06% 0.08% 0.10% 2020 2021 2022 2023 2024 2025 Mar-26 NET (RECOVERIES) CHARGE-OFFS / AVERAGE LOANS Quarterly data is annualized for the quarterly 2026 information.

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Portfolio Contractual Repricing 17 The table below shows the impact of loan, securities, and certificate contractual fixed rate maturing and repricing: Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 Maturing or Repricing Loans: Contractual balance 46$110$97$56$65$43$68$ Contractual interest rate 4.98% 3.74% 3.97% 4.15% 4.47% 4.96% 5.36% Maturing or Repricing Securities: Contractual balance 7$7$3$3$-$4$-$ Contractual interest rate 3.57% 3.44% 3.27% 3.31% 0.00% 5.93% 0.00% Maturing Certificate Accounts: Contractual balance 99$137$52$45$8$-$-$ Contractual interest rate 3.84% 3.77% 3.74% 3.56% 3.44% 2.39% 1.71% (in millions, except yields) Portfolio Contractual Repricing

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CRE, C&I, Ag. Related, C&D 90% Residential & HELOC 9% Consumer 1% Loan Portfolio 09/30/2016 03/31/2026 CRE, C&I, Ag. Related, C&D 34% Residential & HELOC 33% Consumer 33% 18 Notes: (1) Company has no credit card loans. (2) Company has one $5.5 million NDFI loan, which is the senior loan for the Bank Holding Company of an FDIC insured Bank. (3) Average loan yield for Q1 2026 was 5.73% ($000) Sep-16 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Mar-26 Commercial Real Estate $54,600 $425,283 $610,214 $630,857 $653,437 $621,251 $596,063 $606,001 Housing related CRE $53,475 $204,544 $266,600 $304,022 $325,189 $308,572 $332,733 $333,005 Commercial & Industrial $31,001 $116,553 $122,167 $136,013 $121,666 $115,657 $105,907 $114,379 Ag. Real Estate / Ag. Operating $42,845 $101,580 $110,083 $116,714 $109,041 $104,130 $102,511 $98,738 Construction & Development $16,580 $98,517 $79,520 $102,492 $110,941 $78,489 $75,767 $83,213 Residential mortgage $187,738 $137,646 $94,861 $108,651 $131,901 $135,297 $123,764 $119,137 Indirect Consumer Installment $168,294 $25,851 $15,971 $10,236 $6,535 $3,970 $2,224 $1,902 Consumer Installment $19,715 $13,213 $8,874 $7,150 $6,187 $5,012 $3,997 $4,633 Gross Loans Ex SBA PPP Loans $574,248 $1,123,187 $1,308,290 $1,416,135 $1,464,897 $1,372,378 $1,342,966 $1,361,008 SBA PPP Loans $0 $123,702 $8,755 $0 $0 $0 $0 $0 Total Gross Loans $574,248 $1,246,889 $1,317,045 $1,416,135 $1,464,897 $1,372,378 $1,342,966 $1,361,008 Loan Portfolio - Quarter Lookback

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Deposit Composition Source: S&P Global Market Intelligence, company filings Non-Interest- Bearing Demand 8% Interest- Bearing Demand 9% MMDA & Savings 34% CDs 49% 19 Non- Interest- Bearing Demand 17% Interest- Bearing Demand 25% MMDA & Savings 36% CDs 22% 09/30/2016 03/31/2026 ($000) Sep-16 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Mar-26 Non-interest-bearing demand deposits $45,408 $238,348 $276,631 $284,726 $265,704 $252,656 $264,394 $271,396 Interest-bearing demand deposits $48,934 $301,764 $396,231 $371,210 $343,276 $355,750 $367,958 $392,684 Q1 2026 Savings accounts $52,153 $196,348 $222,674 $220,019 $176,548 $159,821 $151,525 $152,487 Cost of Deposits Money market accounts $137,234 $245,549 $288,985 $323,435 $374,055 $369,534 $392,900 $404,991 2.09% Certificate accounts $273,948 $313,247 $203,014 $225,334 $359,509 $350,387 $347,322 $344,064 Total Deposits $557,677 $1,295,256 $1,387,535 $1,424,724 $1,519,092 $1,488,148 $1,524,099 $1,565,622 Deposit Composition - Quarter Lookback

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$27,565 $30,653 $35,266 $40,904 $51,710 $55,501 $60,212 $61,425 $66,132 $71,404 $73,301 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Mar-26 TOTAL DEPOSITS, WHOLESALE, AND BRANCH DEPOSITS ($000) WHOLESALE DEPOSITS BRANCH DEPOSITS AVERAGE BRANCH DEPOSITS ANNUAL VS. QUARTERLY 23 27 $557,677 $742,504 $1,007,512 $1,195,702 $1,295,256 $1,519,092 21 $1,488,148 $1,524,099 2520 28 25 2325 23 22 21 $1,565,622 21 Branch Deposit Growth Includes branch acquisitions and consolidations 20 20 White Numbers Indicate Branch Count $1,387,535 $1,424,724 Source: S&P Global Market Intelligence, company filings  The number of branches has increased by one since 2016  17 branches purchased  2 branches opened  18 branches closed, consolidated, or sold

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Appendix 21

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Net Interest Margin Analysis Source: S&P Global Market Intelligence, company filings 22 Quarter ended March 31, 2026 Quarter ended December 31, 2025 Quarter ended September 30, 2025 Quarter ended June 30, 2025 Interest Average Interest Average Interest Average Interest Average Average Income/ Yield/ Average Income/ Yield/ Average Income/ Yield/ Average Income/ Yield/ ($000, except yields and rates) Balance Expense Rate Balance Expense Rate Balance Expense Rate Balance Expense Rate Average interest earning assets: Cash and cash equivalents 105,651$961$3.69% 84,678$842$3.94% 62,395$693$4.41% 44,377$493$4.46% Loans receivable 1,328,448 18,769 5.73% 1,329,456 19,034 5.68% 1,342,635 19,759 5.84% 1,353,332 20,105 5.96% Investment securities 214,412 1,630 3.08% 218,205 1,739 3.16% 220,213 1,738 3.13% 223,318 1,735 3.12% Non-marketable equity securities, at cost 12,503 156 5.06% 12,390 156 5.00% 12,373 64 2.05% 12,400 169 5.47% Total interest earning assets 1,661,014$21,516$5.25% 1,644,729$21,771$5.25% 1,637,616$22,254$5.39% 1,633,427$22,502$5.53% Average interest-bearing liabilities: Total deposits 1,267,753$7,791$2.49% 1,233,678$7,998$2.57% 1,233,572$8,220$2.64% 1,237,951$8,287$2.69% FHLB Advances & Other Borrowings 51,824 715 5.60% 50,941 708 5.51% 54,389 820 5.98% 61,781 904 5.87% Total interest bearing liabilities 1,319,577$8,506$2.61% 1,284,619$8,706$2.69% 1,287,961$9,040$2.78% 1,299,732$9,191$2.84% Net interest income 13,010$13,065$13,214$13,311$ Interest Rate Spread 2.64% 2.56% 2.61% 2.69% Net interest margin 3.18% 3.15% 3.20% 3.27%

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Interest Rate Risk 23 (1) Assumes an immediate and parallel shift in the yield curve at all maturities. Note: The tables above may not be indicative of future results. Change in Interest Rates In Basis Points ("bp") Rate Shock in Rates (1) Percent Change Change in Interest Rates In Basis Points ("bp") Rate Shock in Rates (1) Percent Change +300 bp 8% +300 bp 6% +200 bp 5% +200 bp 4% +100 bp 3% +100 bp 2% -100 bp -3% -100 bp -4% -200 bp -6% -200 bp -8% Change in Interest Rates In Basis Points ("bp") Rate Shock in Rates (1) Percent Change Change in Interest Rates In Basis Points ("bp") Rate Shock in Rates (1) Percent Change +300 bp 1% +300 bp -4% +200 bp 0% +200 bp -2% +100 bp 0% +100 bp -1% -100 bp 0% -100 bp -1% -200 bp -1% -200 bp -1% December 31, 2025March 31, 2026 December 31, 2025March 31, 2026 Economic Value of Equity (EVE) Net Interest Income Over One Year Horizon

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24 Reconciliation of Non-GAAP Financial Measures Reconciliation of GAAP Earnings and Core Earnings (non-GAAP): GAAP pre-tax earnings 17,280$28,959$23,581$18,932$17,450$17,441$4,632$ Merger related costs (1) -$-$-$-$-$-$-$ Branch closure costs (2) 165$-$981$380$168$-$-$ Settlement proceeds (3) (131)$-$-$-$-$-$-$ FHLB borrowings prepayment fee (4) -$102$-$-$-$-$-$ Net gain on sale of acquired business lines (5) (432)$-$-$-$-$-$-$ Income before provision for income taxes as adjusted (6) 16,882$29,061$24,562$19,312$17,618$17,441$4,632$ Provision for income tax on pre-tax earnings as adjusted (7) 4,457$7,722$6,062$5,991$3,735$3,021$877$ Total provision for income tax as adjusted 4,457$7,722$6,062$5,991$3,735$3,021$877$ Net income as adjusted (non-GAAP) (6) 12,425$21,339$18,500$13,321$13,883$14,420$3,755$ GAAP diluted earnings per share, net of tax 1.14$1.98$1.69$1.25$1.34$1.46$0.39$ Merger related costs, net of tax -$-$-$-$-$-$-$ Branch related costs, net of tax 0.01$-$0.07$0.03$0.01$-$-$ Settlement proceeds (0.01)$-$-$-$-$-$-$ FHLB borrowings prepayment fee -$0.01$-$-$-$-$-$ Net gain on sale of acquired business lines (0.03)$-$-$-$-$-$-$ Diluted earnings per share, as adjusted, net of tax (non-GAAP) 1.11$1.99$1.76$1.28$1.35$1.46$0.39$ Average diluted shares outstanding 11,161,811 10,726,539 10,513,773 10,470,298 10,262,710 9,906,893 9,636,118 20232022 Mar-262020 2021 20252024

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(1) All costs incurred are presented as professional fees and other non-interest expense in the consolidated statement of operations and include costs $0, $0, $0, $0, $0, $0, and $0 for the three months ended March 31, 2026, and years ended December 31, 2025, December 31, 2024, December 31, 2023, December 31, 2022, December 31, 2021, and December 31, 2020, respectively, which are nondeductible expenses for federal income tax purposes. (2) Branch closure costs include severance pay recorded in compensation and benefits, accelerated depreciation expense and lease termination fees included in occupancy, and other costs included in other non-interest expense in the consolidated statement of operations. In addition, other non-interest expense includes costs associated with three branch closures during the quarter ended December 31, 2020, one branch closure in the quarter ended September 30, 2022, two branch closures in the quarter ended December 31, 2022, and one branch office closure in the quarter ended December 31, 2023. (3) Settlement proceeds includes litigation income from a JP Morgan Residential Mortgage-Backed Security (RMBS) claim. This JP Morgan RMBS was previously owned by the Bank and sold in 2011. (4) The prepayment fee to restructure our FHLB borrowings is included in other non-interest expense in the consolidated statement of operations. (5) Net gain on sale of acquired business lines resulted from (a) the sale of Wells Insurance Agency and (b) the termination and sale of the wealth management business line sales contract acquired in a former acquisition. (6) Pre-tax net income as adjusted and net income as adjusted are non-GAAP measures that management believes enhances the market's ability to assess the underlying business performance and trends related to core business activities. (7) Provision for income tax on pre-tax income as adjusted is calculated at our effective tax rate for each respective period presented. 25 Reconciliation of Non-GAAP Financial Measures

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Note: All quarterly period ratios are annualized for net income / net income as adjusted. 26 Reconciliation of Non-GAAP Financial Measures 2020 2021 2022 2023 2024 2025 Mar-26 Net income 12,725$21,266$17,761$13,059$13,751$14,420$3,755$ Net income as adjusted 12,425$21,339$18,500$13,321$13,883$14,420$3,755$ Average assets 1,594,053$1,722,483$1,775,049$1,836,337$1,808,256$1,749,437$1,786,218$ Return on average assets 0.80% 1.23% 1.00% 0.71% 0.76% 0.82% 0.85% Return on average assets as adjusted 0.78% 1.24% 1.04% 0.73% 0.77% 0.82% 0.85% 2020 2021 2022 2023 2024 2025 Mar-26 Common Equity 160,564$170,866$167,088$173,334$179,084$187,939$190,874$ Less: Goodwill (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) Less: Core deposit and other intangibles (5,494) (3,898) (2,449) (1,694) (979) (395) (282) Tangible common equity (TCE) 123,572$135,470$133,141$140,142$146,607$156,046$159,094$ Average tangible common equity 115,313$127,793$131,305$132,409$142,641$150,722$157,546$ Net income 12,725$21,266$17,761$13,059$13,751$14,420$3,755$ Intangible amortization, net of tax 1,194 1,171 1,095 521 563 483 92 Tangible net income 13,919$22,437$18,856$13,580$14,314$14,903$3,847$ Net income as adjusted 12,425$21,339$18,500$13,321$13,883$14,420$3,755$ Intangible amortization, net of tax 1,194 1,171 1,095 521 563 483 92 Tangible net income as adjusted 13,619$22,510$19,595$13,842$14,446$14,903$3,847$ ROATCE 12.1% 17.6% 14.4% 10.3% 10.0% 9.9% 9.9% ROATCE as adjusted 11.8% 17.6% 14.9% 10.5% 10.1% 9.9% 9.9% Return on Average Assets (ROAA) as Adjusted Return on Average Tangible Common Equity (ROATCE) as Adjusted (In thousands except ROAA and ROAA as adjusted) (In thousands except ROATCE and ROATCE as adjusted)

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Reconciliation of Non-GAAP Financial Measures Note: All quarterly period ratios are annualized for net income / net income as adjusted 27 2020 2021 2022 2023 2024 2025 Mar-26 Non-interest expense (GAAP) 43,673$40,532$41,743$40,142$42,306$42,936$10,727$ Less amortization of intangibles (1,622) (1,596) (1,449) (755) (715) (584) (113) Efficiency ratio numerator 42,051 38,936 40,294 39,387 41,591 42,352 10,614 Merger related costs - - - - - - - Branch closure costs (165) - (981) (380) (168) - - Audit and financial reporting - - - - - - - Prepayment fee - (102) - - - - - Efficiency ratio numerator as adjusted 41,886$38,834$39,313$39,007$41,423$42,352$10,614$ Non-interest income 18,448$15,824$10,430$10,250$10,107$11,143$3,099$ Net interest income 50,255 53,667 56,369 48,349 46,474 51,184 13,010 Add back net losses on debt and equity securities - - - - (856) - (59) Subtract net gains on debt and equity securities 110 1,224 541 459 - 234 - Efficiency ratio denominator (GAAP) 68,593 68,267 66,258 58,140 57,437 62,093 16,168 Net gain on sale of branch - - - - - - - Net gain on sale of acquired business lines (432) - - - - - - Settlement proceeds (131) - - - - - - Efficiency ratio denominator as adjusted 68,030$68,267$66,258$58,140$57,437$62,093$16,168$ Efficiency ratio 61% 57% 61% 68% 72% 68% 66% Efficiency ratio as adjusted 62% 57% 59% 67% 72% 68% 66% 2020 2021 2022 2023 2024 2025 Mar-26 Total Stockholders' equity 160,564$170,866$167,088$173,334$179,084$187,939$190,874$ Less: Goodwill (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) Less: Core deposit and intangibles (5,494) (3,898) (2,449) (1,694) (979) (395) (282) Tangible book value (non-GAAP) 123,572$135,470$133,141$140,142$146,607$156,046$159,094$ Shares outstanding 11,056,349 10,502,442 10,425,119 10,440,591 9,981,996 9,617,245 9,628,612 Book Value 14.52$16.27$16.03$16.60$17.94$19.54$19.82$ TBVPS 11.18$12.90$12.77$13.42$14.69$16.23$16.52$2020 2021 2022 2023 2024 2025 Mar-26 Total Assets 1,649,095$1,739,628$1,816,367$1,851,391$1,748,519$1,781,755$1,822,974$ Less: Goodwill (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) (31,498) Less: Core deposit and intangibles (5,494) (3,898) (2,449) (1,694) (979) (395) (282) Tangible assets (non-GAAP) 1,612,103$1,704,232$1,782,420$1,818,199$1,716,042$1,749,862$1,791,194$ Total Stockhoders' Equity/Total Assets 9.7% 9.8% 9.2% 9.4% 10.2% 10.5% 10.5% Tangible Common Equity / Tangible Assets 7.7% 7.9% 7.5% 7.7% 8.5% 8.9% 8.9% (In thousands except Tangible Common Equity / Tangible Asets) Efficiency Ratio as Adjusted Tangible Book Value Per Share (TBVPS) as Adjusted Tangible Common Equity / Tangible Assets (In thousands except Efficiency Ratio and Efficiency Ratio as adjusted) (In thousands except Shares Outstanding, Book Value and TBVPS)

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Source: S&P Global Market Intelligence, eauclairedevelopment.com, greatermankato.com, Google Images, US Bureau of Labor Statistics Eau Claire MSA:  Features a broad-based, diverse economy, which is driven by commercial, housing, retail and medical industries. Mankato MSA:  The Mankato market also possesses a broad-based, diverse economy, which is driven by manufacturing, agribusiness, health care and education. Mankato Area EmployersEau Claire Area Employers Market Demographics 28 3.9% 5.0% 3.6% 3.2% 3.3% 3.8% 4.2% 3.1% 4.6% 2.8% 2.7% 2.8% 3.0% 4.5% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 Jan-26 MSA Unemployment Rates Eau Claire MSA Mankato MSA

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Leadership Team Mr. Stephen M. Bianchi, also known as Steve, has been the Chief Executive Officer and President of Citizens Community Bancorp, Inc. and Citizens Community Federal since June 24, 2016. He has been Chairman of Citizens Community Bancorp, Inc. since October 2018 and Citizens Community Federal National Association. As a banking veteran with 41 years of experience, Mr. Bianchi served in several senior management positions at Wells Fargo Bank and with Associated Bank. He served as the Chief Executive Officer at HF Financial Corp. from October 2011 and its President from April 2010 to May 2015. Mr. Bianchi served as the Chief Executive Officer and President of Home Federal Bank, a subsidiary of HF Financial Corp. from August 2012 to May 2015. He served as the Interim Chief Executive Officer and Interim President of HF Financial Corp. from October 2011 until July 2012. Mr. Bianchi served as Senior Vice President at Associated Bank, where he served as Minnesota Regional President and Minnesota Regional Commercial Banking Manager from July 2006 to April 2010. Before that, he served as Twin Cities Business Banking Manager for Wells Fargo Bank, where he held several other management positions over 14 years. He has been a Director of Citizens Community Bancorp, Inc. since May 25, 2017. He has been a Director of Citizens Community Federal since June 24, 2016. Mr. Bianchi received his B.S. degree in Finance and M.B.A. from Providence College. Stephen M. Bianchi Chairman of the Board President & CEO Mr. James S. Broucek, also known as Jim, has been Chief Financial Officer and Principal Accounting Officer at Citizens Community Bancorp, Inc and Citizens Community Federal since October 31, 2017. He serves as Executive Vice President, CFO, Treasurer, and Secretary of Citizens Community Bancorp, Inc. and of Citizens Community Federal National Association. He served as a Senior Manager of Wipfli LLP ("Wipfli") from December 2013 to October 2017. Before joining Wipfli, Mr. Broucek held several positions with TCF Financial Corporation ("TCF Financial") and its subsidiaries from 1995 to 2013, with his last position being Treasurer of TCF Financial. Prior to joining TCF Financial, Mr. Broucek served as the Controller of Great Lakes Bancorp. Mr. Broucek is a banking veteran with 41 years of experience. Mr. Broucek holds a B.A. in mathematics and business administration with a concentration in accounting from Hope College. James S. Broucek Executive VP, CFO Principal Accounting Officer, Treasurer & Secretary 29

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