Civista Bancshares (NASDAQ: CIVB) is a bank holding company that operates Civista Bank, a community bank offering commercial and consumer lending, deposit accounts, and mortgage banking services. The company earns money primarily through interest and fees on loans, which accounted for 77% of total revenue in FY2025, 75% in FY2024, and 73% in FY2023. The loan portfolio is concentrated in real estate: commercial real estate comprised 50% of total loans in FY2025, residential real estate mortgage loans 29%, and commercial and agriculture loans 9%. Civista also generates non-interest income through residential mortgage loan originations sold into the secondary market. As of December 31, 2025, the company reported a Tier 1 Leverage ratio of 11.3% at the holding company level and 12.3% at the bank level, both exceeding regulatory minimums. Dennis G. Shaffer serves as President and CEO. The bank is incorporated in Ohio and regulated by the Ohio Division of Financial Institutions.

Revenue model

Interest and fees on loans are the dominant revenue source, representing 77% of total revenue in FY2025. Secondary income comes from mortgage banking, specifically originating residential mortgage loans for sale into the secondary market, which supports non-interest income growth.

Products and services

Commercial real estate loans, residential mortgage loans, home equity loans, commercial and agriculture loans, construction loans, revolving lines of credit, bridge loans, personal loans, certificates of deposit (including IRA accounts), reciprocal deposits through CDARS and ICS programs via IntraFi LLC, and bank-owned life insurance.

Customers and end markets

Commercial borrowers (secured by business assets, accounts receivable, inventory, equipment, and commercial real estate), residential mortgage borrowers, FDIC-insurance-sensitive depositors placing large-dollar deposits, and consumers seeking personal loans and deposit accounts. No foreign-based loans or loans to lesser-developed countries.

Value-chain role

Direct lender and deposit-gatherer operating as a community bank. Originates and holds loans on balance sheet, with selective sale of fixed-rate residential mortgage loans into the secondary market to manage interest rate risk.

Geographic exposure

Ohio-based community bank, regulated by the Ohio Division of Financial Institutions. No foreign-based loans disclosed in the FY2025 10-K filing.

Source: SEC 10-K, filed 2026-03-06

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