Citizens Community Bancorp (CZWI) risk factors, FY2025 10-K

Citizens Community Bancorp's FY2025 10-K, filed Mar 05, 2026, lists 30 risk factors in 3 groups. Against the prior year's 30: 1 new, 1 dropped, 9 substantially reworded.

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Risk factors listed
303 groups
New this year
1vs 30 last year
Dropped
1since the prior 10-K
Substantially reworded
9of those kept
Section length
8k wordsItem 1A

What the changes say

  • Competition risk now covers larger banks and non-depository firms, customer retention, loan and deposit pricing, and service-fee pressure.
  • Technology disclosures now mention artificial intelligence, machine learning, and evolving industry standards.
  • Deposit-flight risk specifically includes migration to larger banks during financial uncertainty.
  • The public-float estimate fell from 9.6 million to 9.2 million shares, and accelerated-filer status adds Section 404(b) obligations.

What changed since the prior 10-K

New

  • NewRISKS RELATED TO OUR BUSINESS AND OPERATIONS

    Competitive pressure from others in the financial services industry, including non-depository institutions, may affect our results

    Competition from larger banks and non-depository firms could weaken customer relationships, loan pricing, deposit costs, service fees, and profitability.

Dropped

  • DroppedRISKS RELATED TO OUR BUSINESS AND OPERATIONS

    Competition may affect our results

Reworded

  • 55% rewrittenRISKS RELATED TO OUR BUSINESS AND OPERATIONS

    We continually encounter technological change

    Adds artificial intelligence, machine learning, and evolving industry standards as technology risks, while removing competitors’ greater resources and marketing difficulty.

  • 47% rewrittenRISKS RELATED TO OUR BUSINESS AND OPERATIONS

    Our shares of common stock are thinly traded and our stock price may be more volatile

    Public shares held by nonaffiliates decreased from approximately 9.6 million as of March 13, 2025, to 9.2 million as of March 5, 2026.

  • 39% rewrittenRISKS 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

    No substantive change; acquisitions remain subject to competition, funding, dilution, and regulatory approval risks.

  • 36% rewrittenRISKS RELATED TO OUR BUSINESS AND OPERATIONS

    Our internal controls and procedures may fail or be circumvented

    Now states management believes financial-reporting controls are effective and will remediate future issues, replacing detailed control-failure and regulatory-compliance consequences.

  • 32% rewrittenRISKS RELATED TO OUR BUSINESS AND OPERATIONS

    Customers may decide to use emerging financial technologies such as cryptocurrencies rather than banks to complete their financial transactions, which could result in a loss of income to us

    Adds that financial institutions and other companies provide electronic and internet-based financial solutions; the disintermediation and digital-asset risks remain.

    Was: Customers may decide not to use banks to complete their financial transactions, which could result in a loss of income to us

  • 32% rewrittenREGULATORY AND COMPLIANCE RISKS

    Our reporting obligations as a public company are costly

    Adds that accelerated-filer status subjects the Company to Sarbanes-Oxley Section 404(b), while retaining smaller-reporting-company thresholds.

  • 28% rewrittenRISKS 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

    Adds that depositors may view larger institutions as more secure, driving deposits toward large banks during failures or financial uncertainty.

  • 24% rewrittenRISKS RELATED TO OUR BUSINESS AND OPERATIONS

    We 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

    No substantive change; the risk remains dependence on community reputation, local-market knowledge, customer service, and aligned employees.

  • 23% rewrittenRISKS RELATED TO ECONOMIC CONDITIONS

    Future pandemics could materially affect our results of operations, financial position and/or liquidity

    Was: Future pandemics (including new variants of COVID-19), could materially affect our results of operations, financial position and/or liquidity

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 could materially affect our results of operations, financial position and/or liquidity23% rewritten

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 condition28% rewritten
  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. 12Competitive pressure from others in the financial services industry, including non-depository institutions, may affect our resultsNew
  8. 13Customers may decide to use emerging financial technologies such as cryptocurrencies rather than banks to complete their financial transactions, which could result in a loss of income to us32% rewritten
  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 performance24% rewritten
  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 change55% rewritten
  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 circumvented36% rewritten
  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 unknown39% rewritten
  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 volatile47% rewritten
  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 costly32% rewritten
  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

  • FY2024 10-K risk factors
    30 risks

    Credit losses are central, especially in commercial real estate, commercial, and agricultural lending across Wisconsin and Minnesota.

    Filed Mar 13, 2025

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.