Citizens Community Bancorp, Inc. · NASDAQ:CZWI

Citizens Community Bancorp — Q1 2023 Earnings Presentation

28 slides from Citizens Community Bancorp's earnings presentation, Apr 25, 2023

Slide 1: Earnings Release Supplement First Quarter 2023
EXHIBIT 99.2 Earnings Release Supplement First Quarter 2023
Slide 2: Table of Contents
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 Agri
Slide 3: Cautionary Notes and Additional Disclosures
Cautionary Notes and Additional Disclosures DATES AND PERIODS PRESENTED In this earnings release financial supplement, 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 co
Slide 4: Deposit Composition
Deposit Composition March 31, 2023 Average Account Size (In Thousands) AmountType $16Retail $68Commercial $451Public$1.44 Billion 82% of deposits insured or collateralized Top 10 Depositors Coverage Beyond FDIC(1)Industry% of DepositsRank ICSPublic Administration2.1%1 ICSHealth Care1.8%2 Collaterali
Slide 5: Commercial Deposit Concentrations
Commercial Deposit Concentrations March 31, 2023 Source: Internal Company Documents Diverse commercial deposit base with no industry concentration over 15% 4
Slide 6: Top Depositors
Top 100 Depositors March 31, 2023 $395 Million 5
Slide 7: Liquidity
Liquidity March 31, 2023 $517.4 Million 6
Slide 8: Non-Owner Occupied CRE
Portfolio Fundamentals 63% 30% 7% Wisconsin Minnesota Other By Geography As of 3/31/2023 • 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
Slide 9: Owner Occupied CRE
18% 14% 12% 11% 10% 9% 8% 5% 13% CRE Campground CRE Restaurant CRE Industrial/Manufacturing CRE Warehouse/Mini Storage CRE Senior Living CRE Retail CRE Mixed Use CRE Office Other Owner Occupied CRE As of 3/31/23 Portfolio Fundamentals 74% 10% 16% Wisconsin Minnesota Other By Geography As of 3/31/23
Slide 10: Multi-family
Portfolio Fundamentals 64% 35% 1% Wisconsin Minnesota Other By Geography As of 3/31/23 1% 20% 43% 23% 4% 7% 3% 2023 2022 2021 2020 2019 2018 Prior By Vintage As of 3/31/23 • Robust housing markets in Eau Claire and Mankato markets supported by student populations at state universities, technical col
Slide 11: Commercial & Industrial Loans
92% 7% 1% Wisconsin Minnesota Other By Geography As of 3/31/23 18% 14% 14% 12% 6% 5% 5% 5% 5% 3% 3% 3% 7% Finance and Insurance Wholesale Trade Manufacturing Transportation and Warehousing Public Admin Real Estate, Rental and Leasing Administrative Support Construction Agriculture Education Services
Slide 12: Construction & Development Loans
Portfolio Fundamentals 25% 18% 19% 16% 5% 5% 3% 3% 6% Campgrounds Multi‐Family Warehouse/Mini 1‐4 Family Hospitality Land Mixed Use Retail Other Commercial & Development As of 3/31/23 25% 23% 13% 10% 10% 5% 5% 4% 5% Wisconsin Minnesota South Dakota Iowa Utah Illinois Florida Ohio Other By Geography
Slide 13: Agricultural Real Estate & Operating Loans
32% 24% 19% 25% Crop Other Farming Dairy Other Agricultural As of 3/31/23 Portfolio Fundamentals 72% 25% 3% Wisconsin Minnesota Other By Geography As of 3/31/23 • Producers required to have marketing plans to mitigate volatility of commodities • Appropriate crop/revenue insurance and/or dairy margin
Slide 14: Hotel Loans
64% 28% 8% Limited Service Full Service Other Hotels As of 3/31/23 Portfolio Fundamentals 38% 46% 16% Minnesota Wisconsin Illinois By Geography As of 3/31/23 • Mainly experienced multi project hoteliers and guarantors with strong personal financial statements (net worth and liquidity) • Mainly flagg
Slide 15: Restaurant Loans
66% 16% 7% 4% 3% 4% Culver's ‐ Limited Service Restaurants Other National Limited Services Drinking Establishments Bowling Centers Restaurants As of 3/31/23 Portfolio Fundamentals 46% 33% 21% Wisconsin Minnesota Other By Geography As of 3/31/23 • Experienced developers/operators of national Limited
Slide 16: Campground Loans
8% 20% 29% 31% 3% 3% 6% 2023 2022 2021 2020 2017 2016 Prior By Vintage As of 3/31/23 Portfolio Fundamentals 19% 13% 10% 9%7% 7% 6% 5% 4% 4% 4% 4% 4% 4% Wisconsin Ohio Utah Maryland Illinois Pennsylvania Kentucky New York North Carolina Tennessee Iowa South Carolina New Jersey Other By Geography As o
Slide 17: Office Loans
5% 29% 4%41% 21% 2023 2024 2025 2026 2027 & Beyond Maturity or Next Repricing Date As of 3/31/23 Portfolio Fundamentals 60% 34% 6% Wisconsin Minnesota Other By Geography As of 3/31/23  Properties financed are generally in Wisconsin and Minnesota and are not in urban or immediate suburbs of large me
Slide 18: Credit Quality/Risk Rating
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Slide 19: Loans by Risk Rating
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Slide 20: Loans by Risk Rating
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Slide 21: Allowance for Credit Losses
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Slide 22: Delinquency and Nonaccrual Loans
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Slide 23: Other Real Estate Owned and Investments
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Slide 24: Investments – Credit Ratings
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Slide 25: Earnings Per Share
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Slide 26: Economic Value of Equity and Net Interest Income
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Slide 27: Selected Capital Composition Highlights
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Slide 28: Capital Highlights – Bank and Company
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Citizens Community Bancorp — Q1 2023 Earnings Presentation on 6ix

Citizens Community Bancorp — Q1 2023 Earnings Presentation

Slide 1: Earnings Release Supplement First Quarter 2023

Slide 2: Table of Contents

Slide 3: Cautionary Notes and Additional Disclosures

Slide 4: Deposit Composition

Slide 5: Commercial Deposit Concentrations

Slide 6: Top Depositors

Slide 7: Liquidity

Slide 8: Non-Owner Occupied CRE

Slide 9: Owner Occupied CRE

Slide 10: Multi-family

Slide 11: Commercial & Industrial Loans

Slide 12: Construction & Development Loans

Slide 13: Agricultural Real Estate & Operating Loans

Slide 14: Hotel Loans

Slide 15: Restaurant Loans

Slide 16: Campground Loans

Slide 17: Office Loans

Slide 18: Credit Quality/Risk Rating

Slide 19: Loans by Risk Rating

Slide 20: Loans by Risk Rating

Slide 21: Allowance for Credit Losses

Slide 22: Delinquency and Nonaccrual Loans

Slide 23: Other Real Estate Owned and Investments

Slide 24: Investments – Credit Ratings

Slide 25: Earnings Per Share

Slide 26: Economic Value of Equity and Net Interest Income

Slide 27: Selected Capital Composition Highlights

Slide 28: Capital Highlights – Bank and Company