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Heartland Bank

Somers, IA · Cert 14809 · Somers Bcorp

State charter, non-member · FDIC · 5 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IA3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in IA (n=134 to 135). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

72

Q2 2024Q2 2026peer median (50)

Asset Quality

27

Q2 2024Q2 2026peer median (50)

Profitability

89

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

73

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Heartland Bank

Somers, IA · Cert 14809 · Somers Bcorp

State charter, non-member · FDIC · 5 branches

Q2 2026

$256.1MAssets
$216.1MLoans
$203.7MDeposits
$34.2MEquity
Loan mix
79%RE $122.3M20%C&I $31.0M1%Consumer $1.6MQ3 2024Q2 2026
Deposit mix
80%Interest-bearing $162.3M20%Noninterest $41.3MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.76%, down 13 bps year over year; NIM at 4.85%.
  • Asset quality: problem loans at 0.81% of loans (+29 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 13.23%, up 68 bps from a year ago.
  • Funding: loans stand at 106.12% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.76%-13 bps YoY

Net Interest Margin (YTD, annualized)

4.85%+21 bps YoY

Efficiency Ratio (YTD, annualized)

51.63%+163 bps YoY

Tier 1 Leverage Ratio

13.23%+68 bps YoY

NIM

6.55%Q2 ’246.59%Q2 ’256.61%Q2 ’26+12%+4%

Non-interest income vs. expense

2.47%Q2 ’242.51%Q2 ’252.69%Q2 ’26+2%+9%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.54%1.58%1.82%1.89%1.81%1.80%1.97%1.76%-13 bps
Return on Equity14.07%14.36%15.56%15.92%15.29%15.10%15.71%13.75%-217 bps
Net Interest Margin4.24%4.25%4.57%4.64%4.62%4.61%4.85%4.85%+21 bps
Efficiency Ratio54.86%53.96%50.98%50.00%49.94%50.25%49.36%51.63%+163 bps
Non-Interest Burden2.14%2.11%2.14%2.12%2.10%2.11%2.20%2.31%+19 bps
Growth
Asset Growth (YoY)0.48%4.75%-0.80%2.53%8.03%5.69%7.46%2.82%+29 bps
Loan Growth (YoY)0.51%6.72%0.44%3.53%10.48%4.82%7.24%4.44%+91 bps
Deposit Growth (YoY)-1.76%4.29%3.64%-0.41%4.60%-1.99%1.76%2.42%+282 bps
Asset Quality
Nonperforming Loans / Loans1.08%0.33%0.50%0.52%0.91%1.88%0.91%0.81%+29 bps
Net Charge-Offs / Loans0.07%0.08%-0.01%0.00%0.00%0.00%-0.11%0.04%+5 bps
Allowance / Loans1.51%1.47%1.51%1.54%1.58%1.64%1.67%1.79%+24 bps
Allowance Coverage of NPLs1.4x4.4x3.0x2.9x1.7x0.9x1.8x2.2x-0.7x
Capital
Tier 1 Leverage Ratio12.11%12.24%12.21%12.55%12.46%12.68%13.13%13.23%+68 bps
Total Risk-Based Capital14.88%14.73%14.60%15.47%15.00%15.10%15.23%16.25%+78 bps
Equity / Assets11.46%11.47%11.92%12.22%11.86%12.25%12.86%13.35%+113 bps
Liquidity & Funding
Loans / Deposits102.71%102.16%99.84%104.06%108.48%109.27%105.21%106.12%+205 bps
Liquid Assets / Assets0.93%1.08%0.91%0.81%0.76%0.73%0.74%0.68%-13 bps
CRE / Total Capitaln/an/an/an/a156.69%150.18%149.34%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Heartland Bank

Somers, IA · Cert 14809 · Peer group: banks under $1B in assets in IA (n=134-135) · Somers Bcorp

State charter, non-member · FDIC · 5 branches

Q2 2026

$256.1MAssets
$216.1MLoans
$203.7MDeposits
$34.2MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 99% of banks under $1B in assets in IA (rank 2 of 135).
  • Widest gap: net charge-offs / loans trails 82% of banks under $1B in assets in IA (rank 111 of 134).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.81%

Rank 10 of 135

Net Interest Margin

4.85%

Rank 2 of 135

Efficiency Ratio

51.63%

Rank 38 of 135

Equity / Assets

13.35%

Rank 33 of 135

Non-interest income vs. expense

$1.0M$6.9MINCOMEEXPENSE
Unfavorable gap of $6.0M · efficiency ratio beats 73% of banks under $1B in assets in IA
Bank 51.63%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.81%0.92%1.19%1.47%Beats 93%10 / 135
Return on Equity13.55%7.99%10.26%13.14%Beats 76%32 / 135
Net Interest Margin4.85%2.95%3.41%3.73%Beats 99%2 / 135
Efficiency Ratio51.63%50.61%57.35%63.29%Beats 73%38 / 135
Asset Quality
Nonperforming Loans / Loans0.81%0.03%0.51%1.26%Beats 36%87 / 134
Net Charge-Offs / Loans0.05%n/a0.01%0.03%Beats 18%111 / 134
Capital
Tier 1 Capital Ratio15.00%11.23%13.31%15.45%Beats 68%43 / 135
Total Risk-Based Capital Ratio16.25%11.61%14.06%16.47%Beats 72%38 / 135
Equity / Assets13.35%9.87%11.05%13.07%Beats 76%33 / 135
Liquidity & Funding
Loans / Deposits106.12%68.54%81.55%91.24%94th pctl8 / 134
Loans / Assets84.40%57.61%68.06%76.23%95th pctl7 / 135
Brokered Deposits / Depositsn/aNot reported for this institution