secwatch.observer — SEC 8-K summary
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Issuer:     Citizens Community Bancorp Inc. (CZWI)
CIK:        0001367859
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001367859-23-000082
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CZWI Q1 EPS $0.35 vs $0.45 prior quarter; net interest margin falls to 3.02%
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- Net income $3.7M ($0.35 diluted) vs $4.7M ($0.45) in Q4 2022 and Q1 2022.
- Net interest income $12.8M, down $1.7M from Q4 2022; net interest margin 3.02% vs 3.40%.
- Provision for credit losses $0.05M vs $0.70M in Q4 2022; CECL adoption added $4.7M to ACL.
- Nonperforming assets 0.63% of total assets ($11.7M), down from 0.70% ($12.7M) at Dec 31.
- Uninsured/uncollateralized deposits 18% of total; on-balance liquidity covers 205% of those.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1367859/000136785923000082/0001367859-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1367859/000136785923000082/czwi-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001367859-23-000082

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