Citizens Bank
Corvallis, Oregon · $823M in assets · beside the 9 other Oregon banks between $300M and $1B
The filing
Citizens Bank is the third largest of the 10 Oregon banks between $300M and $1B, with $823M in assets at 30 June 2026. Loans are 55.5% of deposits, the lowest in the cohort against a median of 84.1%, and equity is 10.6% of assets, 7th of 10. Loans grew +5.2% in the year, 3rd of 10, and deposits fell 3.0%; the cohort's median loan growth is +2.3%.
Noncurrent loans are 0.04% of the book, the lowest in the cohort against a median of 0.77%; 0.36% is 30 to 89 days past due, and the allowance covers them 43.7 times. Commercial real estate is 34.3% of loans, 3rd of 10 against a median of 42.2%, and 111% of capital, below the 300% screen, with construction at 9% against the 100% screen.
Return on assets is 0.18%, the lowest in the cohort against a median of 0.94%, on an efficiency ratio of 89.8%, the highest in the cohort. Five years ago it was 1.28%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.
Commercial real estate against capital
| Citizens Bank | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 111% | 2nd of 10 | 232% |
| Construction against capital, the 100% screen | 9% | 1st of 10 | 23% |
| Construction and land development, share of loans | 2.7% | 2nd of 10 | 4.8% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 23.9% | 4th of 10 | 26.9% |
| Total CRE, the guidance definition, share of loans | 34.3% | 3rd of 10 | 42.2% |
| CRE growth over 36 months, the third prong | +10.2% | 4th of 10 | +14.7% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $934M | 1.9% | 57.8% | 1.22% | 0.01% | 1.0% | 84.0% | 11.4% | |
| $825M | 1.3% | 64.3% | 0.39% | 0.07% | 1.3% | 84.2% | 10.6% | |
| $823M | 0.2% | 89.8% | 0.04% | 0.00% | 1.7% | 55.5% | 10.6% | |
| $777M | 1.3% | 61.9% | 0.90% | 0.20% | 1.1% | 97.0% | 14.9% | |
| $713M | 2.6% | 36.0% | 1.32% | 0.03% | 1.7% | 85.5% | 15.2% | |
| $679M | 0.5% | 78.2% | 0.04% | 0.00% | 1.0% | 73.7% | 10.9% | |
| $622M | 0.8% | 66.2% | 0.63% | 0.05% | 1.4% | 91.7% | 13.2% | |
| $465M | 0.5% | 83.9% | 0.22% | 0.00% | 1.0% | 84.5% | 16.3% | |
| $446M | 1.1% | 69.8% | 2.65% | 0.00% | 1.1% | 66.0% | 9.2% | |
| $421M | 0.3% | 86.7% | 2.98% | 0.00% | 1.2% | 69.7% | 8.6% |
| Citizens Bank | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $395M | $390M | -1% | $382M | $459M | +20% |
| Deposits | $894M | $703M | -21% | $576M | $590M | +2% |
| NPA / loans | 0.37% | 0.04% | -0.33 pts | 0.29% | 0.77% | +0.48 pts |
| Efficiency | 64.4% | 89.8% | +25.4 pts | 65.8% | 68.0% | +2.1 pts |
| ROA | 1.28% | 0.18% | -1.10 pts | 1.24% | 0.94% | -0.30 pts |
This read was prepared for Citizens Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on Citizens Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort OR banks $300M to $1B
Institution www.citizensEbank.com
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