Citizens Community Bancorp, Inc. · NASDAQ:CZWI
Citizens Community Bancorp — Q3 2020 Earnings Presentation
21 slides from Citizens Community Bancorp's earnings presentation, Oct 27, 2020
Slide 1: Earnings Release Supplement Third Quarter 2020
EXHIBIT 99.2 Earnings Release Supplement Third Quarter 2020
Slide 2: Table of Contents
Citizens Community Bancorp, Inc. Table of Contents Segment Profiles Page(s) COVID-19 Related Loan Deferrals 2 Non-Owner Occupied CRE 3 Owner Occupied CRE 4 Multi-family 5 Commercial and Industrial Loans 6 Construction and Development Loans 7 Agricultural Real Estate and Operating Loans 8 Hotel Loans
Slide 3: COVID-19 Related Loan Deferrals
Dollars in Thousands At September 30, 2020 Commercial Deferrals $ 122,613 Residential Deferrals $ 3,589 Consumer Deferrals $ 546 Total Deferrals at September 30, 2020 $ 126,748 Next payment in Fourth Quarter is P&I Payment $ (49,912) Estimated Deferrals at December 31, 2020 $ Recap estimated at Dece
Slide 4: Non-Owner Occupied CRE
• • • • • Wisconsin Minnesota Other • 3
Slide 5: Owner Occupied CRE
• • • • • • Wisconsin Minnesota Other 4
Slide 6: Multi-family Loans
• • • • Wisconsin Minnesota Other • 5
Slide 7: Commercial and Industrial Loans
• • • • • Wisconsin Minnesota Other 6
Slide 8: Construction and Development Loans
• • • Wisconsin Minnesota Illinios • • 7
Slide 9: Agricultural Real Estate and Operating Loans
Crop Dairy Other Farming Other • • • • • Wisconsin Minnesota Other 8
Slide 10: Hotel Loans
• • • • • Minnesota Wisconsin Illinois 9
Slide 11: Restaurant Loans
• • • • • Wisconsin Minnesota Other • 10
Slide 12: Commercial Real Estate by Vintage and Risk Rating
$88,473$51,230$90,360$162,571 $223,624 $156,564$772,822 11
Slide 13: Residential Loans
Citizens Community Bancorp Inc. Re S i de nt j a | Loa ns ua Dollars In Thousands Year Of Origination By FICO Score Band 2020 2019 2018 2017 2016 Prior total Loans Greater than 740 $6,910 $6,275 $6,398 $2,812 $2,755 $22,722 $47,872 >680 - 740 $1,291 $3,602 $4,442 $1,622 $1,983 $10,509 $23,449 >580 -
Slide 14: Credit Quality Risk Rating Descriptions
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
Slide 15: Loans by Risk Rating as of September 30, 2020
Below is a breakdown of loans by risk rating as of September 30, 2020: 1 to 5 6 7 8 9 TOTAL Originated Loans: Commercial/Agricultural real estate: Commercial real estate $ 318,915 $ 1,947 $ 1,166 $ — $ — $ 322,028 Agricultural real estate 30,807 454 1,269 — — 32,530 Multi-family real estate 100,148
Slide 16: Loans by Risk Rating as of June 30, 2020
Below is a breakdown of loans by risk rating as of June 30, 2020: 1 to 5 6 7 8 9 TOTAL Originated Loans: Commercial/Agricultural real estate: Commercial real estate $ 308,633 $ 4,952 $ 805 $ — $ — $ 314,390 Agricultural real estate 32,592 469 2,077 — — 35,138 Multi-family real estate 90,617 — — — —
Slide 17: Loans by Risk Rating as of December 31, 2019
Below is a breakdown of loans by risk rating as of December 31, 2019: 1 to 5 6 7 8 9 TOTAL Originated Loans: Commercial/Agricultural real estate: Commercial real estate $ 301,381 $ 266 $ 899 $ — $ — $ 302,546 Agricultural real estate 31,129 829 2,068 — — 34,026 Multi-family real estate 71,877 — — —
Slide 18: Loans by Risk Rating as of September 30, 2019
Below is a breakdown of loans by risk rating as of September 30, 2019: 1 to 5 6 7 8 9 TOTAL Originated Loans: Commercial/Agricultural real estate: Commercial real estate $ 243,656 $ — $ 1,153 $ — $ — $ 244,809 Agricultural real estate 32,278 112 2,137 — — 34,527 Multi-family real estate 69,556 — — —
Slide 19: Nonaccrual Loans, Other Real Estate and TDR Roll forwards
Nonaccrual Loans Roll forward (in thousands) Quarter Ended September 30, 2020 June 30, 2020 March 31, 2020 December 31, 2019 Balance, beginning of period $ 14,787 $ 16,090 $ 19,056 $ 19,022 Additions 716 1,907 1,811 2,641 Acquired nonaccrual loans — — — — Charge offs (141) (175) (452) (198) Transfer
Slide 20: Acquired Loans: Non-accretable Difference and Accretable Discount
Acquired loans represent much of the reduction in non-performing loans and classified loans. The table below shows the changes in the Bank’s non-accretable difference on purchased credit impaired loans. The second table below shows the changes in the Bank’s accretable loan discount which was establi
Slide 21: Selected Capital Composition Highlights
CITIZENS COMMUNITY FEDERAL N.A. Selected Capital Composition Highlights September 30, June 30, December 31, September 30, To Be Well Capitalized 2020 2020 2019 2019 Under Prompt Corrective (unaudited) (unaudited) (audited) (unaudited) Action Provisions Tier 1 leverage ratio (to adjusted total assets
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