Citizens Community Bancorp (CZWI) risk factors, FY2024 10-K

Citizens Community Bancorp's FY2024 10-K, filed Mar 13, 2025, lists 30 risk factors in 3 groups. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

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Risk factors listed
303 groups
Section length
7k wordsItem 1A

Citizens Community Bancorp's biggest risks in the FY2024 10-K

  • Credit losses are central, especially in commercial real estate, commercial, and agricultural lending across Wisconsin and Minnesota.
  • Interest-rate, securities-valuation, liquidity, and capital risks could pressure earnings or regulatory ratios.
  • Technology, cybersecurity, fraud, competition, acquisitions, and banking regulation are significant operating risks.

The risks most specific to Citizens Community Bancorp

  • RISKS RELATED TO ECONOMIC CONDITIONS

    We are subject to higher lending risks with respect to our commercial and agricultural banking activities which could adversely affect our financial condition and results of operations

    Commercial real estate, commercial, and agricultural loans involve larger balances and depend heavily on borrowers’ businesses and property performance.

  • RISKS RELATED TO OUR BUSINESS AND OPERATIONS

    We rely on network and information systems and other technologies, and, as a result, we are subject to various Cybersecurity risks

    Cyberattacks or unauthorized access could expose customers’ personal information, disrupt systems, and cause financial losses, litigation, or reputational damage.

  • RISKS RELATED TO OUR BUSINESS AND OPERATIONS

    The impact of larger or similar-sized financial institutions encountering financial difficulties may adversely affect the Company's business, earnings and financial condition

    Financial distress at larger or similarly sized banks could damage the regional banking environment and Citizens Community Bancorp’s business.

  • RISKS RELATED TO OUR BUSINESS AND OPERATIONS

    We are subject to interest rate risk

    Changes in interest rates could reduce net interest income by affecting returns on loans and securities versus deposit and borrowing costs.

  • RISKS RELATED TO OUR BUSINESS AND OPERATIONS

    Changes in the fair value or ratings downgrades of our securities may reduce our stockholders’ equity, net earnings, or regulatory capital ratios

    Fair-value declines or ratings downgrades on $142.9 million of available-for-sale and $85.5 million of held-to-maturity securities could reduce capital or earnings.

  • RISKS RELATED TO OUR BUSINESS AND OPERATIONS

    Our allowance for credit losses - loans may be insufficient

    The allowance for credit losses may not cover expected lifetime losses in the loan portfolio.

  • RISKS RELATED TO OUR BUSINESS AND OPERATIONS

    We could experience an unexpected inability to obtain needed liquidity

    Unexpected deposit outflows or increased loan demand could leave the bank unable to meet liquidity needs.

  • RISKS RELATED TO OUR BUSINESS AND OPERATIONS

    Future growth, operating results or regulatory requirements may require us to raise additional capital but that capital may not be available

    Loan growth, acquisitions, or weaker results may require additional capital that the company cannot obtain on acceptable terms.

  • RISKS RELATED TO OUR BUSINESS AND OPERATIONS

    Our growth strategy includes selectively acquiring businesses through acquisitions of other banks, and our ability to consummate these acquisitions on economically advantageous terms acceptable to us in the future is unknown

    Competition for bank acquisitions could raise prices or leave the company unable to find suitable targets for its growth strategy.

  • RISKS RELATED TO OUR BUSINESS AND OPERATIONS

    Our ability to pay dividends depends primarily on dividends from our banking subsidiary, the Bank, which is subject to regulatory and other limitations

    The holding company’s dividends depend on distributions from the Bank, which regulatory or other limits could restrict.

All 30 risk factors

Headings as the filing states them, in filing order.

RISKS RELATED TO ECONOMIC CONDITIONS

  1. 01Our business may be adversely affected by conditions in the financial markets and economic conditions generally
  2. 02Inflation may have an adverse impact on our business and on our customers
  3. 03Geopolitical tensions, including current or anticipated impact of military conflicts, could adversely affect general economic industry conditions
  4. 04We are subject to higher lending risks with respect to our commercial and agricultural banking activities which could adversely affect our financial condition and results of operations
  5. 05Future pandemics (including new variants of COVID-19), could materially affect our results of operations, financial position and/or liquidity

RISKS RELATED TO OUR BUSINESS AND OPERATIONS

  1. 06We rely on network and information systems and other technologies, and, as a result, we are subject to various Cybersecurity risks
  2. 07The impact of larger or similar-sized financial institutions encountering financial difficulties may adversely affect the Company's business, earnings and financial condition
  3. 08We are subject to interest rate risk
  4. 09We are subject to lending risk
  5. 10Changes in the fair value or ratings downgrades of our securities may reduce our stockholders’ equity, net earnings, or regulatory capital ratios
  6. 11Our allowance for credit losses - loans may be insufficient
  7. 12Competition may affect our results
  8. 13Customers may decide not to use banks to complete their financial transactions, which could result in a loss of income to us
  9. 14We are a community bank and our ability to maintain our reputation is critical to the success of our business and the failure to do so may materially adversely affect our performance
  10. 15Maintaining or increasing our market share may depend on lowering prices and market acceptance of new products and services
  11. 16We could experience an unexpected inability to obtain needed liquidity
  12. 17Future growth, operating results or regulatory requirements may require us to raise additional capital but that capital may not be available
  13. 18We may not be able to attract or retain key people
  14. 19We continually encounter technological change
  15. 20Our business may be adversely affected by an increasing prevalence of fraud and other financial crimes
  16. 21Our internal controls and procedures may fail or be circumvented
  17. 22Our growth strategy includes selectively acquiring businesses through acquisitions of other banks, and our ability to consummate these acquisitions on economically advantageous terms acceptable to us in the future is unknown
  18. 23Acquisition and expansion activities may disrupt our business, dilute existing stockholders and adversely affect our operating results
  19. 24Our ability to pay dividends depends primarily on dividends from our banking subsidiary, the Bank, which is subject to regulatory and other limitations
  20. 25Our shares of common stock are thinly traded and our stock price may be more volatile
  21. 26Climate change manifesting as physical or transition risks could adversely affect our operations, businesses, and customers

REGULATORY AND COMPLIANCE RISKS

  1. 27We operate in a highly regulated environment, and are subject to changes, which could increase our cost structure or have other negative impacts on our operations
  2. 28Our reporting obligations as a public company are costly
  3. 29Changes in federal or state tax laws could adversely affect our business, financial condition and results of operations
  4. 30We are subject to changes in accounting principles, policies or guidelines

Other Citizens Community Bancorp 10-Ks

  • FY2025 10-K risk factors
    30 risks1 new1 dropped9 reworded

    Competition risk now covers larger banks and non-depository firms, customer retention, loan and deposit pricing, and service-fee pressure.

    Filed Mar 05, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.