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Letter portraitLegal landscapeQuarterYTD

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