secwatch.observer — SEC 8-K summary
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Issuer:     Citizens Community Bancorp Inc. (CZWI)
CIK:        0001367859
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001367859-22-000108
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CZWI Q2 EPS $0.41, net interest margin 3.46%, loan growth 18% annualized
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- Net income $4.4M ($0.41 diluted EPS) vs $4.7M ($0.45) in Q1 2022, $4.7M ($0.44) in Q2 2021.
- Net interest margin expanded to 3.46% from 3.25% in Q1; net interest income up $1.1M to $14.3M.
- Originated loans grew $68.4M (18% annualized) driven by commercial real estate, construction, and commercial operating loans.
- Nonperforming assets decreased $1.0M to $12.6M; substandard loans down $4.1M to $20.7M.
- Called $15M of 6.75% subordinated debt for Aug 10; St. James, MN branch with $18.7M deposits to close Sept.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1367859/000136785922000108/0001367859-22-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1367859/000136785922000108/czwi-20220725.htm
  HTML page:      https://secwatch.observer/filing/0001367859-22-000108

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