季報季度報告 10-Q 2026-08-06

Civista Bancshares次季淨收入增30% 收購整合助盈利改善

AI 繁中摘要

📊 Civista Bancshares（CIVB）公布2026財年第二季度（截至2026年6月30日）10-Q業績，期內盈利表現理想，主要受惠於淨利息收入增長及開支控制。

【業績重點】
• 第二季度淨收入1,431.5萬美元（約1.43億港元），按年增長30%，每股攤薄盈利0.69美元；去年同期淨收入1,101.5萬美元，每股0.71美元。
• 上半年累計淨收入2,930.4萬美元，每股1.41美元，高於去年同期的2,118.3萬美元及每股1.37美元。
• 淨利息收入第二季度為3,859.3萬美元，按年增加11%；上半年為7,641.6萬美元，增長13%。利息支出因FHLB借款減少而大幅下降。
• 第二季度貸款及租賃信貸損失撥備為125.1萬美元，與去年相若；上半年撥備僅48.3萬美元，遠低於去年的241.9萬美元，反映信貸質素穩定。

【資產負債概況】
• 截至2026年6月30日，總資產約42.94億美元，較去年底略降1%；貸款淨額約32.13億美元，存款約34.58億美元。
• 股東權益上升至5.67億美元，主要受惠於盈利累積及股票激勵計劃。

【企業行動】
• 收購Farmers Savings Bank（FSB）已於2025年11月完成，為集團帶來約2.68億美元資產、1.06億美元貸款及2.36億美元存款，並新增兩間分行；科技系統轉換已於2026年2月中完成。
• 2025年7月完成公開發售，合共發行約378.8萬股普通股，每股作價21.25美元，淨集資約7,570萬美元，用作償還短期FHLB借款及支持未來增長。

【投資者影響】
管理層指收購整合進度符合預期，並計劃利用集資所得支持有機增長及潛在戰略交易。期內每股股息維持0.18美元，反映管理層對現金流信心。整體而言，CIVB盈利能力改善，信貸成本下降，財務狀況穩健，適合關注區域銀行板塊的投資者留意。📈

展開英文正文

10-Q
 
 
 
 Q2--12-31false00009447452http://fasb.org/us-gaap/2026#OtherAssetshttp://fasb.org/us-gaap/2026#OtherAssetshttp://fasb.org/us-gaap/2026#OtherAssetshttp://fasb.org/us-gaap/2026#OtherAssetshttp://www.civb.com/20260630#AccruedExpensesAndOtherLiabilitieshttp://www.civb.com/20260630#AccruedExpensesAndOtherLiabilities22http://fasb.org/srt/2026#ChiefFinancialOfficerMember0000944745civb:AmortizedCostBasisOfCollateralDependentLoansMembercivb:LeaseFinancingReceivableMember2025-12-310000944745civb:CommercialRealEstateNonOwnerOccupiedMember2025-01-012025-06-300000944745civb:TwoThousandTwentyFourIncentivePlanMember2025-01-012025-06-3000009447452025-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:PassMembercivb:CommercialAndAgricultureMember2025-12-310000944745civb:AwardDateTwoMember2026-01-012026-06-300000944745srt:MaximumMember2026-04-012026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMember2025-03-310000944745us-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310000944745us-gaap:NondesignatedMember2025-12-310000944745civb:IncentivePlanMember2026-04-012026-06-300000944745us-gaap:NondesignatedMember2026-06-300000944745us-gaap:ResidentialPortfolioSegmentMember2024-12-310000944745us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2026-06-300000944745us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2026-01-012026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMember2026-06-300000944745civb:AwardDateSevenMember2026-01-012026-06-300000944745civb:ConsumerAndOtherMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000944745us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000944745us-gaap:LoansReceivableMembercivb:CommercialRealEstateOwnerOccupiedMember2025-12-310000944745us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2026-03-310000944745civb:CommercialRealEstateNonOwnerOccupiedMembercivb:AmortizedCostBasisOfCollateralDependentLoansMember2025-12-310000944745civb:OffBalanceSheetCreditExposuresMember2026-06-300000944745us-gaap:RetainedEarningsMember2025-03-310000944745us-gaap:LoansReceivableMembercivb:LeaseFinancingReceivableMember2026-06-300000944745us-gaap:ExtendedMaturityMembercivb:CommercialAndAgricultureMember2025-04-012025-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000944745us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300000944745civb:FarmRealEstateMember2026-01-012026-06-300000944745civb:OtherLoanMembercivb:LeaseFinancingReceivableMember2025-12-310000944745us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310000944745civb:IncentivePlanMember2025-04-012025-06-300000944745civb:ConsumerAndOtherMemberus-gaap:LoansReceivableMember2025-12-310000944745us-gaap:CoreDepositsMembercivb:FarmersSavingsBankMember2026-04-012026-06-300000944745civb:ConsumerAndOtherMember2025-03-310000944745us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-04-012025-06-300000944745us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2026-01-012026-06-300000944745civb:AwardDateSixMember2026-01-012026-06-300000944745us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2026-06-300000944745us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2026-03-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:CommercialAndAgricultureMember2025-12-310000944745civb:LeaseFinancingReceivableMember2025-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:CommercialAndAgricultureMember2026-01-012026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000944745us-gaap:RealEstateLoanMember2025-12-310000944745civb:ConsumerAndOtherMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000944745us-gaap:PassMembercivb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:CommercialAndAgricultureMember2026-06-300000944745us-gaap:FinancialAssetNotPastDueMembercivb:LeaseFinancingReceivableMember2026-06-300000944745civb:CommercialAndAgricultureMember2026-01-012026-06-300000944745us-gaap:FairValueInputsLevel3Membercivb:Collateral-DependentLoansMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDiscountRateMember2025-12-310000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2026-06-300000944745civb:RealEstateConstructionMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMember2026-06-300000944745us-gaap:PassMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745us-gaap:ExtendedMaturityMember2026-01-012026-06-300000944745us-gaap:TreasuryStockCommonMember2026-06-300000944745srt:MaximumMember2026-06-300000944745civb:LeaseFinancingReceivableMember2026-06-300000944745civb:FarmersSavingsBankMember2025-01-012025-12-310000944745civb:CommercialRealEstateOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:DoubtfulMember2025-12-310000944745us-gaap:FairValueInputsLevel3Membercivb:Collateral-DependentLoansMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDiscountRateMember2026-06-300000944745us-gaap:FinancialAssetNotPastDueMember2025-06-300000944745us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-06-300000944745civb:ConsumerAndOtherMember2024-12-310000944745us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000944745civb:OffBalanceSheetCreditExposuresMember2026-03-310000944745civb:CommercialRealEstateNonOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:DoubtfulMember2025-12-310000944745us-gaap:FinancingReceivables60To89DaysPastDueMembercivb:CommercialAndAgricultureMember2026-06-300000944745us-gaap:FairValueInputsLevel3Membercivb:Collateral-DependentLoansMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2025-12-310000944745civb:RealEstateConstructionMember2025-12-310000944745us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2025-12-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMembercivb:CommercialAndAgricultureMember2026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMembercivb:CommercialAndAgricultureMember2025-12-310000944745us-gaap:ResidentialPortfolioSegmentMember2025-06-300000944745civb:SingleMaturityFixedRateAdvancesMember2026-01-012026-06-300000944745civb:OffBalanceSheetCreditExposuresMember2025-01-012025-06-300000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000944745civb:AmortizedCostBasisOfCollateralDependentLoansMember2026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMember2025-12-310000944745civb:WaterStreetPropertiesIncMembersrt:MaximumMember2026-04-012026-06-300000944745civb:IncentivePlanMember2026-01-012026-06-300000944745us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2025-12-310000944745civb:CommercialRealEstateNonOwnerOccupiedMember2025-04-012025-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:LeaseFinancingReceivableMember2026-06-300000944745civb:TwoThousandTwentyFourIncentivePlanMember2024-02-200000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2025-12-310000944745srt:BoardOfDirectorsChairmanMember2026-04-012026-06-300000944745civb:OffBalanceSheetCreditExposuresMember2025-04-012025-06-300000944745us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-12-310000944745us-gaap:FinancialAssetNotPastDueMembercivb:FarmRealEstateMember2026-06-300000944745civb:TwoThousandTwentyFourIncentivePlanMember2026-06-300000944745us-gaap:LongMemberus-gaap:NondesignatedMember2025-01-012025-12-310000944745us-gaap:RestrictedStockMember2026-04-012026-06-300000944745us-gaap:RealEstateLoanMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000944745civb:ConsumerAndOtherMemberus-gaap:LoansReceivableMember2026-06-300000944745us-gaap:CommonStockMembersrt:MaximumMembercivb:UnderwrittenPublicOfferingMember2025-07-102025-07-100000944745us-gaap:TreasuryStockCommonMember2025-03-310000944745us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-300000944745us-gaap:RetainedEarningsMember2025-06-300000944745us-gaap:LoansReceivableMembercivb:FarmRealEstateMember2025-12-310000944745us-gaap:CoreDepositsMember2026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2025-12-310000944745civb:AwardDateTwoMember2026-06-300000944745civb:RealEstateConstructionMember2024-12-310000944745civb:CommercialRealEstateOwnerOccupiedMember2025-06-300000944745civb:LeaseFinancingReceivableMember2026-04-012026-06-300000944745us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2026-03-310000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2025-12-3100009447452026-01-012026-06-300000944745us-gaap:ResidentialPortfolioSegmentMember2026-03-310000944745us-gaap:CoreDepositsMember2025-12-310000944745us-gaap:FairValueInputsLevel3Membercivb:Collateral-DependentLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-12-310000944745srt:MinimumMembercivb:OperatingLeaseAssetsMember2026-06-300000944745us-gaap:ExtendedMaturityMember2025-01-012025-06-300000944745us-gaap:FinancialAssetPastDueMembercivb:CommercialAndAgricultureMember2026-06-300000944745civb:RealEstateConstructionMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000944745civb:RealEstateConstructionMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMember2025-12-310000944745civb:ConsumerAndOtherMember2026-03-310000944745civb:ConsumerAndOtherMember2025-04-012025-06-300000944745civb:AwardDateOneMember2026-06-300000944745civb:AwardDateEightMember2026-01-012026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:DoubtfulMembercivb:CommercialAndAgricultureMember2026-06-300000944745civb:WaterStreetPropertiesIncMembersrt:MaximumMember2025-04-012025-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2025-12-310000944745civb:CommercialRealEstateOwnerOccupiedMember2025-04-012025-06-300000944745civb:CommercialAndAgricultureMember2025-12-310000944745civb:ConsumerAndOtherMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:PassMember2026-06-300000944745civb:RealEstateConstructionMember2026-01-012026-06-300000944745us-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:LeaseFinancingReceivableMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:PassMember2025-12-310000944745us-gaap:CommonStockMember2025-03-310000944745civb:ConsumerAndOtherMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:ResidentialPortfolioSegmentMember2026-01-012026-06-300000944745us-gaap:ExtendedMaturityMembercivb:LeaseFinancingReceivableMember2026-01-012026-06-300000944745us-gaap:FederalHomeLoanBankAdvancesMember2025-01-012025-06-300000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000944745us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2026-01-012026-06-300000944745civb:RealEstateConstructionMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2025-12-310000944745us-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:FarmRealEstateMember2026-06-300000944745civb:AmortizedCostBasisOfCollateralDependentLoansMember2025-12-310000944745civb:FarmersSavingsBankMember2025-11-062026-06-300000944745civb:CoreDepositIntangiblesAssetsGrossMember2025-12-310000944745us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2026-06-300000944745us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2026-01-012026-06-300000944745civb:FarmRealEstateMember2025-04-012025-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000944745us-gaap:LoansReceivableMember2026-06-300000944745civb:CommercialAndAgricultureMember2026-04-012026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMember2025-01-012025-12-310000944745us-gaap:FinancingReceivables60To89DaysPastDueMembercivb:LeaseFinancingReceivableMember2026-06-300000944745us-gaap:FederalHomeLoanBankAdvancesMember2025-04-012025-06-300000944745civb:RealEstateConstructionMember2026-04-012026-06-300000944745us-gaap:LoansReceivableMembercivb:CommercialRealEstateOwnerOccupiedMember2026-06-300000944745us-gaap:TreasuryStockCommonMember2025-12-310000944745us-gaap:FinancialAssetNotPastDueMembercivb:LeaseFinancingReceivableMember2025-12-310000944745us-gaap:ResidentialPortfolioSegmentMember2026-01-012026-06-300000944745civb:ConsumerAndOtherMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000944745civb:FuturaTpfTrustOneMember2025-12-310000944745us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2026-06-300000944745srt:MinimumMemberus-gaap:MeasurementInputAppraisedValueMember2026-06-300000944745us-gaap:LoansReceivableMembercivb:RealEstateConstructionMember2026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:PassMember2025-12-310000944745us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-012025-06-300000944745us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMember2026-01-012026-06-300000944745us-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2026-06-300000944745srt:MaximumMember2026-01-012026-06-300000944745civb:OffBalanceSheetCreditExposuresMember2025-06-300000944745civb:CommercialRealEstateOwnerOccupiedMember2025-01-012025-06-300000944745civb:ConsumerAndOtherMemberus-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-06-300000944745civb:LeaseFinancingReceivableMember2024-12-310000944745us-gaap:TreasuryStockCommonMember2025-06-300000944745us-gaap:CommonStockMemberus-gaap:OverAllotmentOptionMember2025-07-160000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMembercivb:FarmRealEstateMember2026-06-300000944745us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-01-012025-06-300000944745civb:OffBalanceSheetCreditExposuresMember2024-12-310000944745us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2026-04-012026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMembercivb:AmortizedCostBasisOfCollateralDependentLoansMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2025-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:LoansReceivableMember2026-06-300000944745us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-01-012025-06-300000944745us-gaap:ServicingContractsMember2026-06-300000944745civb:LeaseFinancingReceivableMember2026-03-310000944745civb:ConsumerAndOtherMember2026-06-300000944745us-gaap:NondesignatedMemberus-gaap:ShortMembercivb:FinancialInstitutionsMember2025-01-012025-12-310000944745civb:OffBalanceSheetCreditExposuresMember2025-12-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:LeaseFinancingReceivableMember2025-01-012025-12-3100009447452025-12-310000944745civb:CommercialRealEstateNonOwnerOccupiedMember2025-12-310000944745us-gaap:FinancialAssetPastDueMembercivb:LeaseFinancingReceivableMember2025-12-310000944745us-gaap:EstimateOfFairValueFairValueDisclosureMember2026-06-300000944745us-gaap:NondesignatedMember2026-01-012026-06-300000944745us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-300000944745us-gaap:NondesignatedMembercivb:FinancialInstitutionsMember2026-06-300000944745civb:ConsumerAndOtherMemberus-gaap:FinancialAssetPastDueMember2026-06-300000944745us-gaap:FederalFundsPurchasedMember2025-12-310000944745civb:CommercialRealEstateOwnerOccupiedMember2026-04-012026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2026-06-300000944745civb:OtherLoanMembercivb:CommercialAndAgricultureMember2025-12-310000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000944745civb:AwardDateSevenMember2026-06-300000944745civb:LeaseFinancingReceivableMember2025-12-310000944745civb:AwardDateSixMember2026-06-300000944745us-gaap:FinancialAssetPastDueMembercivb:CommercialAndAgricultureMember2025-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000944745us-gaap:FinancialAssetNotPastDueMembercivb:CommercialAndAgricultureMember2026-06-300000944745civb:FarmersSavingsBankMember2026-04-012026-06-300000944745us-gaap:FinancialAssetNotPastDueMember2026-06-300000944745civb:ConsumerAndOtherMember2026-01-012026-06-300000944745civb:RealEstateConstructionMember2025-06-300000944745civb:FarmersSavingsBankMember2025-11-062025-11-0600009447452025-04-012025-06-300000944745civb:FarmRealEstateMember2024-12-310000944745civb:RealEstateConstructionMemberus-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-06-300000944745us-gaap:FairValueInputsLevel3Membercivb:Collateral-DependentLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:CommercialAndAgricultureMember2026-06-300000944745civb:FarmersSavingsBankMember2025-10-012025-12-310000944745civb:CommercialAndAgricultureMember2025-06-300000944745civb:FirstCitizensStatutoryTrustThreeMember2025-12-310000944745civb:OvernightMemberus-gaap:FederalHomeLoanBankAdvancesMember2026-06-300000944745us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-12-310000944745civb:CommercialRealEstateNonOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMember2026-06-300000944745civb:RealEstateConstructionMember2025-04-012025-06-300000944745civb:FuturaTpfTrustOneMember2026-06-300000944745us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-03-310000944745civb:CommercialAndAgricultureMember2025-04-012025-06-300000944745civb:LinesOfCreditAndConstructionLoansMember2026-06-300000944745civb:FuturaTpfTrustTwoMember2026-06-300000944745us-gaap:PassMembercivb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:LeaseFinancingReceivableMember2026-06-300000944745us-gaap:FairValueInputsLevel3Member2025-12-310000944745us-gaap:RestrictedStockMember2026-03-310000944745us-gaap:FederalHomeLoanBankAdvancesMember2026-04-012026-06-300000944745us-gaap:FinancingReceivables30To59DaysPastDueMembercivb:CommercialAndAgricultureMember2026-06-300000944745civb:CivistaLeasingAndFinanceMember2025-12-310000944745us-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:CommercialAndAgricultureMember2026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-06-300000944745civb:RealEstateConstructionMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMembercivb:LeaseFinancingReceivableMember2026-06-300000944745civb:FarmerMacMember2025-12-310000944745civb:RealEstateConstructionMember2026-03-310000944745civb:AwardDateFourMember2026-06-300000944745us-gaap:LoansReceivableMembercivb:FarmRealEstateMember2026-06-300000944745civb:FarmersSavingsBankMember2026-01-012026-03-310000944745civb:CommercialAndAgricultureMember2024-12-310000944745us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-12-310000944745us-gaap:NondesignatedMembercivb:FinancialInstitutionsMember2025-12-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745us-gaap:CommonStockMemberus-gaap:OverAllotmentOptionMember2025-07-162025-07-160000944745civb:OtherLoanMember2025-12-310000944745us-gaap:ResidentialPortfolioSegmentMember2025-03-310000944745civb:FarmersSavingsBankMember2026-01-012026-06-300000944745us-gaap:NondesignatedMemberus-gaap:ShortMembercivb:FinancialInstitutionsMember2026-01-012026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:LoansReceivableMember2025-12-310000944745us-gaap:RetainedEarningsMember2025-04-012025-06-300000944745srt:MinimumMembercivb:CIVBRiskManagementIncMember2026-04-012026-06-300000944745civb:IncentivePlanMember2014-12-310000944745civb:ConsumerAndOtherMember2025-06-300000944745us-gaap:CarryingReportedAmountFairValueDisclosureMember2026-06-300000944745civb:FarmRealEstateMember2026-06-300000944745civb:FarmRealEstateMember2026-04-012026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000944745civb:CommercialRealEstateNonOwnerOccupiedMember2026-06-300000944745us-gaap:EstimateOfFairValueFairValueDisclosureMember2025-12-310000944745us-gaap:CommonStockMember2026-01-012026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMembercivb:FarmRealEstateMember2025-12-310000944745civb:FuturaTpfTrustTwoMember2025-12-310000944745civb:LeaseFinancingReceivableMember2025-04-012025-06-300000944745us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310000944745us-gaap:CoreDepositsMembercivb:FarmersSavingsBankMember2026-06-300000944745civb:UnitedBankersBancorpMember2026-06-300000944745civb:FirstCitizensStatutoryTrustTwoMember2026-06-300000944745us-gaap:FinancialAssetNotPastDueMembercivb:FarmRealEstateMember2025-12-310000944745us-gaap:CoreDepositsMembercivb:FarmersSavingsBankMember2026-01-012026-03-310000944745us-gaap:AccountingStandardsUpdate202401Member2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:RealEstateLoanMember2025-12-310000944745civb:CommercialRealEstateOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMember2026-06-300000944745us-gaap:ResidentialPortfolioSegmentMember2025-01-012025-06-300000944745civb:TwoThousandTwentyFourIncentivePlanMember2026-01-012026-06-300000944745us-gaap:FairValueInputsLevel2Member2025-12-310000944745srt:MaximumMember2025-12-310000944745us-gaap:CashAndDueFromBanksus-gaap:InterestRateSwapMember2026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMember2025-12-310000944745civb:OvernightMemberus-gaap:FederalHomeLoanBankAdvancesMember2025-12-310000944745srt:MinimumMember2026-06-300000944745us-gaap:CommonStockMember2025-04-012025-06-300000944745civb:AwardDateOneMember2026-01-012026-06-300000944745civb:OffBalanceSheetCreditExposuresMember2025-03-310000944745civb:OtherLoanMembercivb:CommercialAndAgricultureMember2026-06-300000944745civb:CIVBRiskManagementIncMembersrt:MaximumMember2025-04-012025-06-300000944745us-gaap:CoreDepositsMembercivb:FarmersSavingsBankMember2025-10-012025-12-310000944745us-gaap:FairValueInputsLevel3Member2026-06-300000944745us-gaap:CommonStockMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMember2025-03-310000944745civb:ConsumerAndOtherMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000944745us-gaap:FairValueInputsLevel3Membercivb:Collateral-DependentLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-01-012025-12-310000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000944745us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310000944745civb:AmortizedCostBasisOfCollateralDependentLoansMembercivb:CommercialAndAgricultureMember2025-12-310000944745us-gaap:FinancingReceivables30To59DaysPastDueMembercivb:LeaseFinancingReceivableMember2026-06-300000944745civb:ConsumerAndOtherMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-01-012026-06-300000944745us-gaap:RetainedEarningsMember2024-12-310000944745civb:OverdraftProtectionMember2026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMember2026-06-300000944745civb:AwardDateFourMember2026-01-012026-06-300000944745civb:ConsumerAndOtherMember2025-01-012025-06-300000944745srt:MaximumMember2025-04-012025-06-300000944745srt:BoardOfDirectorsChairmanMember2025-04-012025-06-300000944745us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercivb:CommercialAndAgricultureMember2025-06-300000944745us-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745civb:AwardDateNineMember2026-01-012026-06-300000944745civb:LeaseFinancingReceivableMember2025-01-012025-06-300000944745us-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:FarmRealEstateMember2025-12-310000944745us-gaap:ExtendedMaturityMembercivb:CommercialAndAgricultureMember2025-01-012025-06-300000944745us-gaap:LetterOfCreditMember2026-06-300000944745civb:UnitedBankersBancorpMember2025-12-310000944745civb:RealEstateConstructionMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:PassMember2025-12-310000944745civb:AwardDateEightMember2026-06-300000944745us-gaap:FinancingReceivables30To59DaysPastDueMembercivb:LeaseFinancingReceivableMember2025-12-310000944745us-gaap:FairValueInputsLevel2Memberus-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300000944745us-gaap:CommonStockMembercivb:UnderwrittenPublicOfferingMember2025-07-162025-07-160000944745us-gaap:CommonStockMember2024-12-310000944745us-gaap:FinancingReceivables30To59DaysPastDueMembercivb:CommercialAndAgricultureMember2025-12-310000944745civb:FirstCitizensStatutoryTrustFourMember2025-12-310000944745us-gaap:FairValueInputsLevel3Membercivb:Collateral-DependentLoansMemberus-gaap:FairValueMeasurementsNonrecurringMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-06-300000944745civb:ConsumerAndOtherMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2025-12-310000944745civb:AmortizedCostBasisOfCollateralDependentLoansMembercivb:CommercialAndAgricultureMember2026-06-300000944745us-gaap:FairValueInputsLevel2Member2026-06-300000944745us-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310000944745us-gaap:ResidentialPortfolioSegmentMember2025-04-012025-06-300000944745us-gaap:RetainedEarningsMember2025-01-012025-06-300000944745us-gaap:FederalHomeLoanBankAdvancesMember2026-06-300000944745us-gaap:RealEstateLoanMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-06-300000944745us-gaap:RetainedEarningsMember2026-04-012026-06-300000944745civb:RealEstateConstructionMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-06-300000944745civb:ConsumerAndOtherMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000944745us-gaap:RealEstateLoanMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310000944745us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercivb:CommercialAndAgricultureMember2025-12-3100009447452025-01-012025-06-300000944745us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-12-310000944745us-gaap:FinancingReceivables60To89DaysPastDueMembercivb:CommercialAndAgricultureMember2025-12-310000944745us-gaap:FederalHomeLoanBankAdvancesMember2025-12-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:DoubtfulMembercivb:CommercialAndAgricultureMember2025-12-310000944745civb:CommercialAndAgricultureMember2025-01-012025-06-300000944745us-gaap:FairValueInputsLevel3Membercivb:Collateral-DependentLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2025-12-310000944745us-gaap:CommonStockMember2025-07-162025-07-160000944745civb:RealEstateConstructionMemberus-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2025-12-310000944745us-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000944745civb:AwardDateNineMember2026-06-300000944745us-gaap:FairValueInputsLevel2Memberus-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310000944745us-gaap:TreasuryStockCommonMember2026-01-012026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMember2024-12-310000944745us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-12-310000944745us-gaap:RealEstateLoanMembercivb:FarmRealEstateMember2025-12-310000944745us-gaap:TreasuryStockCommonMember2026-03-310000944745us-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300000944745us-gaap:CashAndDueFromBanksus-gaap:InterestRateSwapMember2025-12-310000944745civb:RealEstateConstructionMember2025-01-012025-06-300000944745us-gaap:LoansReceivableMembercivb:RealEstateConstructionMember2025-12-310000944745us-gaap:FinancialAssetPastDueMembercivb:LeaseFinancingReceivableMember2026-06-300000944745us-gaap:ResidentialPortfolioSegmentMember2026-04-012026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMember2026-01-012026-06-300000944745us-gaap:FairValueInputsLevel1Member2025-12-310000944745civb:FarmRealEstateMember2025-03-310000944745civb:CommercialRealEstateNonOwnerOccupiedMember2026-03-310000944745us-gaap:LetterOfCreditMember2025-12-310000944745us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2025-12-310000944745us-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000944745civb:IncentivePlanMember2026-06-300000944745us-gaap:FinancialAssetNotPastDueMember2025-12-310000944745civb:FarmRealEstateMember2025-12-310000944745civb:LeaseFinancingReceivableMember2026-01-012026-06-300000944745us-gaap:LoansReceivableMembercivb:LeaseFinancingReceivableMember2025-12-310000944745us-gaap:LoansReceivableMembercivb:CommercialAndAgricultureMember2025-12-310000944745us-gaap:TreasuryStockCommonMember2024-12-310000944745us-gaap:CommonStockMember2026-03-310000944745us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-12-310000944745us-gaap:RestrictedStockMembersrt:MaximumMember2026-01-012026-06-3000009447452026-04-012026-06-3000009447452025-03-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:LeaseFinancingReceivableMember2026-01-012026-06-3000009447452026-07-310000944745us-gaap:RealEstateLoanMembercivb:FarmRealEstateMember2026-06-300000944745us-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745us-gaap:FinancialAssetPastDueMember2025-06-300000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2025-12-310000944745us-gaap:TreasuryStockCommonMember2025-01-012025-06-300000944745civb:RealEstateConstructionMember2025-03-310000944745us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMember2024-12-310000944745us-gaap:CommonStockMember2026-04-012026-06-300000944745civb:IncentivePlanMember2025-01-012025-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:RealEstateLoanMember2026-06-300000944745civb:OffBalanceSheetCreditExposuresMember2026-01-012026-06-300000944745civb:ConsumerAndOtherMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2026-06-300000944745us-gaap:FairValueInputsLevel1Member2026-06-300000944745civb:TwoThousandTwentyFourIncentivePlanMember2026-04-012026-06-300000944745us-gaap:LongMemberus-gaap:NondesignatedMember2026-01-012026-06-300000944745us-gaap:FairValueInputsLevel3Membercivb:Collateral-DependentLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:PassMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-06-300000944745us-gaap:FederalHomeLoanBankAdvancesMembercivb:SingleMaturityFixedRateAdvancesMember2026-06-300000944745us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2026-04-012026-06-300000944745us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-03-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:PassMembercivb:FarmRealEstateMember2026-06-300000944745us-gaap:CommonStockMember2025-12-310000944745us-gaap:CommonStockMember2025-06-300000944745civb:ConsumerAndOtherMember2026-04-012026-06-300000944745civb:OtherLoanMember2026-06-300000944745us-gaap:LoansReceivableMember2025-12-310000944745civb:ConsumerAndOtherMemberus-gaap:PassMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2025-12-310000944745civb:CommercialRealEstateNonOwnerOccupiedMember2026-04-012026-06-300000944745civb:OffBalanceSheetCreditExposuresMember2026-04-012026-06-300000944745us-gaap:RestrictedStockMember2025-12-310000944745civb:RealEstateConstructionMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:PassMember2026-06-300000944745civb:FarmRealEstateMember2026-03-310000944745us-gaap:LoansReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000944745civb:TwoThousandTwentyFourIncentivePlanMember2025-04-012025-06-300000944745us-gaap:FinancingReceivables30To59DaysPastDueMember2025-12-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:FarmRealEstateMember2025-12-310000944745us-gaap:FinancingReceivables60To89DaysPastDueMembercivb:LeaseFinancingReceivableMember2025-12-310000944745us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2026-06-300000944745us-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:CommercialAndAgricultureMember2025-12-310000944745civb:ConsumerAndOtherMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMember2025-12-310000944745us-gaap:NondesignatedMemberus-gaap:ShortMember2026-01-012026-06-300000944745us-gaap:USTreasuryAndGovernmentMember2025-12-310000944745civb:FirstCitizensStatutoryTrustFourMember2026-06-300000944745us-gaap:AccountingStandardsUpdate202508Member2026-06-300000944745us-gaap:RetainedEarningsMember2026-03-310000944745us-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:LeaseFinancingReceivableMember2025-12-310000944745us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-06-300000944745us-gaap:FederalFundsPurchasedMember2026-06-300000944745civb:AwardDateThreeMember2026-06-300000944745srt:MaximumMembercivb:OperatingLeaseAssetsMember2026-06-300000944745civb:FarmersSavingsBankMember2025-11-0600009447452024-12-310000944745us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000944745civb:OverdraftProtectionMember2025-12-310000944745us-gaap:AccountingStandardsUpdate202309Member2026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:RealEstateLoanMember2026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMembercivb:LeaseFinancingReceivableMember2025-12-3100009447452026-06-300000944745us-gaap:CarryingReportedAmountFairValueDisclosureMember2025-12-310000944745us-gaap:FairValueInputsLevel2Memberus-gaap:SwapMemberus-gaap:FairValueMeasurementsRecurringMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMember2025-06-300000944745us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-04-012026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:PassMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-3000009447452026-03-310000944745srt:MinimumMember2025-12-310000944745civb:NorwalkCommunityDevelopmentCorpMember2026-06-300000944745us-gaap:ResidentialPortfolioSegmentMember2026-06-300000944745us-gaap:RetainedEarningsMember2025-12-310000944745civb:CommercialRealEstateOwnerOccupiedMember2026-01-012026-06-300000944745us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-01-012026-06-300000944745us-gaap:CommonStockMembercivb:UnderwrittenPublicOfferingMember2025-07-142025-07-140000944745us-gaap:NondesignatedMember2025-01-012025-06-300000944745civb:ConsumerAndOtherMember2025-12-310000944745us-gaap:RetainedEarningsMember2026-01-012026-06-300000944745civb:AwardDateFiveMember2026-06-300000944745us-gaap:NondesignatedMemberus-gaap:ShortMember2025-01-012025-12-310000944745us-gaap:FinancialAssetPastDueMembercivb:CommercialAndAgricultureMember2025-12-310000944745us-gaap:ExtendedMaturityMember2025-04-012025-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2025-12-310000944745civb:RealEstateConstructionMember2026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:DoubtfulMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745civb:FirstCitizensStatutoryTrustTwoMember2025-12-310000944745us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2025-01-012025-12-310000944745civb:CommercialAndAgricultureMember2025-03-310000944745us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000944745us-gaap:LoansReceivableMembercivb:CommercialAndAgricultureMember2026-06-300000944745us-gaap:FinancialAssetPastDueMember2025-12-310000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:PassMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-06-300000944745us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2026-06-300000944745us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310000944745us-gaap:MeasurementInputAppraisedValueMembersrt:MaximumMember2026-06-300000944745civb:ConsumerAndOtherMemberus-gaap:FinancialAssetPastDueMember2025-12-310000944745civb:FarmerMacMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-01-012026-06-300000944745civb:ConsumerAndOtherMemberus-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2025-12-310000944745us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercivb:LeaseFinancingReceivableMember2026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:PassMembercivb:FarmRealEstateMember2025-12-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:FarmRealEstateMember2026-06-300000944745us-gaap:FinancialAssetNotPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745us-gaap:FederalHomeLoanBankAdvancesMembercivb:SingleMaturityFixedRateAdvancesMember2025-12-310000944745srt:MinimumMember2026-01-012026-06-300000944745us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2026-06-300000944745civb:CommercialAndAgricultureMember2026-06-300000944745us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercivb:CommercialAndAgricultureMember2026-06-300000944745us-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745us-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2026-06-300000944745us-gaap:FederalHomeLoanBankAdvancesMember2026-01-012026-06-300000944745us-gaap:RestrictedStockMember2026-01-012026-06-300000944745us-gaap:USStatesAndPoliticalSubdivisionsMember2025-12-310000944745us-gaap:RestrictedStockMembersrt:MinimumMember2026-01-012026-06-300000944745us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-06-300000944745us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-06-300000944745us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2026-04-012026-06-300000944745civb:CommercialAndAgricultureMember2026-03-310000944745us-gaap:FairValueInputsLevel3Membercivb:Collateral-DependentLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-01-012026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-06-300000944745us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2025-04-012025-06-300000944745civb:AwardDateFiveMember2026-01-012026-06-300000944745civb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:CommercialAndAgricultureMember2025-01-012025-12-310000944745civb:CoreDepositIntangiblesAssetsGrossMember2026-06-300000944745us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-03-310000944745us-gaap:RestrictedStockMember2026-06-300000944745us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2025-12-310000944745us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310000944745civb:ConsumerAndOtherMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2026-06-300000944745us-gaap:FinancialAssetPastDueMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745us-gaap:FinancialAssetNotPastDueMembercivb:CommercialAndAgricultureMember2025-12-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:ResidentialPortfolioSegmentMember2025-01-012025-12-310000944745us-gaap:FinancialAssetPastDueMember2026-06-300000944745civb:FarmRealEstateMember2025-01-012025-06-300000944745us-gaap:USTreasuryAndGovernmentMember2026-06-300000944745us-gaap:PassMembercivb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:LeaseFinancingReceivableMember2025-12-310000944745civb:CommercialRealEstateNonOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMemberus-gaap:SpecialMentionMember2025-12-310000944745us-gaap:FinancialAssetNotPastDueMembercivb:CommercialAndAgricultureMember2025-06-300000944745civb:AwardDateThreeMember2026-01-012026-06-300000944745civb:LinesOfCreditAndConstructionLoansMember2025-12-310000944745civb:TermLoansAmortizedCostBasisByOriginationYearMembercivb:LeaseFinancingReceivableMember2025-12-310000944745civb:CustomersMemberus-gaap:NondesignatedMember2026-06-300000944745civb:ConsumerAndOtherMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2025-12-310000944745civb:LeaseFinancingReceivableMember2025-03-310000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:SubstandardMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2026-06-300000944745civb:FirstCitizensStatutoryTrustThreeMember2026-06-300000944745us-gaap:LoansReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2025-12-310000944745us-gaap:RetainedEarningsMember2026-06-300000944745civb:ConsumerAndOtherMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2025-01-012025-12-310000944745civb:CommercialRealEstateOwnerOccupiedMemberus-gaap:RealEstateLoanMember2025-12-310000944745us-gaap:CommonStockMember2025-01-012025-06-300000944745us-gaap:CoreDepositsMembercivb:FarmersSavingsBankMember2025-11-062026-06-300000944745us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercivb:LeaseFinancingReceivableMember2025-12-310000944745us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2026-06-300000944745civb:CommercialRealEstateOwnerOccupiedMember2025-12-310000944745us-gaap:USStatesAndPoliticalSubdivisionsMember2026-06-300000944745civb:CommercialRealEstateNonOwnerOccupiedMembercivb:TermLoansAmortizedCostBasisByOriginationYearMember2025-01-012025-12-310000944745civb:CustomersMemberus-gaap:NondesignatedMember2025-12-310000944745civb:CommercialRealEstateOwnerOccupiedMember2026-03-310000944745civb:FarmRealEstateMember2025-06-300000944745civb:CivistaLeasingAndFinanceMember2026-06-300000944745us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-06-300000944745civb:NorwalkCommunityDevelopmentCorpMember2025-12-31iso4217:USDxbrli:sharesxbrli:purecivb:Securitycivb:Segmentxbrli:sharescivb:Branchesiso4217:USD

  

 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 10-Q
 
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended - June 30, 2026 
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to 
Commission File Number: 001-36192
 
Civista Bancshares, Inc.
(Exact name of registrant as specified in its charter)
 
 

 
 
 
 
 
 

 
 Ohio

  

 34-1558688

 

 
 (State or other jurisdiction of

  

 (I.R.S. Employer

 

 
 incorporation or organization)

  

 Identification No.)

 

 
  

  

  

 

 
 100 East Water Street, Sandusky, Ohio

  

 44870

 

 
 (Address of principal executive offices)

  

 (Zip Code)

 

  
Registrant’s telephone number, including area code: (419) 625-4121
N/A
(Former name, former address and former fiscal year, if changed since last report)
 
 
Securities registered pursuant to Section 12(b) of the Act:
 

 
 
 
 
 
 
 
 

 
 Title of each class

  

 Trading Symbol(s)

  

 Name of each exchange on which registered

 

 
 Common

  

 CIVB

  

 NASDAQ Capital Market

 

  
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
 

 
 
 
 
 
 
 
 
 
 
 

 
 Large accelerated filer

  

 ☐

  

  

 Accelerated filer

  

 ☒

 

 
 Non-accelerated filer

  

 ☐

  

  

 Smaller reporting company

  

 ☐

 

 
 Emerging growth company

  

 ☐

  

  

  

  

  

 

  
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Common Shares, no par value, outstanding at July 31, 2026—20,794,238 shares
 
 

  

 
  

 CIVISTA BANCSHARES, INC.
Index
 

 
 
 
 
 
 
 
 
 
 

 
 PART I.

 

 Financial Information

 

  

 2

  

 

 
 Item 1.

 

 Financial Statements:

 

  

 2

  

 

 
  

 

 Consolidated Balance Sheets (Unaudited) June 30, 2026 and December 31, 2025

 

 

 2

 

 

 
  

 

 Consolidated Statements of Operations (Unaudited) Three and Six months ended June 30, 2026 and 2025

 

 

 3

 

 

 
  

 

 Consolidated Statements of Comprehensive Income (Unaudited) Three and Six months ended June 30, 2026 and 2025

 

 

 4

 

 

 
  

 

 Consolidated Statement of Changes in Shareholders’ Equity (Unaudited) Three and Six months ended June 30, 2026 and 2025

 

 

 5

 

 

 
  

 

 Condensed Consolidated Statements of Cash Flows (Unaudited) Six months ended June 30, 2026 and 2025

 

 

 6

 

 

 
  

 

 Notes to Interim Consolidated Financial Statements (Unaudited)

 

 

 7

 

 

 
 Item 2.

 

 Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

 

 42

 

 

 
 Item 3.

 

 Quantitative and Qualitative Disclosures About Market Risk

 

 

 56

 

 

 
 Item 4.

 

 Controls and Procedures

 

 

 58

 

 

 
  

  

  

 

 
 PART II.

 

 Other Information

 

  

 59

  

 

 
 Item 1.

 

 Legal Proceedings

 

 

 59

 

 

 
 Item 1A.

 

 Risk Factors

 

 

 59