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Heritage Bank

Hopkinsville, KY · Cert 30090

FDIC · 18 branches

Q2 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2019, the quarter ended June 30, 2019, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

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

Heritage Bank

Hopkinsville, KY · Cert 30090

FDIC · 18 branches

Q2 2019

$932.2MAssets
$674.8MLoans
$736.7MDeposits
$102.4MEquity
Loan mix
83%RE $411.2M16%C&I $77.9M2%Consumer $7.6MQ2 2018Q2 2019
Deposit mix
88%Interest-bearing $648.1M12%Noninterest $88.6MQ2 2018Q2 2019

NIM

3.76%Q2 ’173.96%Q2 ’184.30%Q2 ’19+3%-5%

Non-interest income vs. expense

3.27%Q2 ’173.19%Q2 ’183.15%Q2 ’19+2%-2%

Market Position · Clarksville, TN-KY · 2019 SOD (annual) · 6.7% share · #8 of 16 inst. · $0.3B of $4.1B

18.9% Christian
22.7% Cheatham
45.7% Fulton
10.7% Calloway

Executive Summary

  • Earnings: ROA of 0.61%, down 15 bps year over year; NIM at 3.12%.
  • Asset quality: problem loans at 0.22% of loans (-1 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.91%, up 38 bps from a year ago.
  • Funding: loans stand at 91.60% of deposits as of Q2 2019.

Financial Results

Return on Assets (YTD, annualized)

0.61%-15 bps YoY

Net Interest Margin (YTD, annualized)

3.12%-15 bps YoY

Efficiency Ratio (YTD, annualized)

81.05%+176 bps YoY

Tier 1 Leverage Ratio

10.91%+38 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2018Q3 2018Q4 2018Q1 2019Q2 2019YoY ΔTrend
Earnings
Return on Assets0.76%0.74%0.75%0.51%0.61%-15 bps
Return on Equity7.25%7.02%7.14%4.73%5.64%-161 bps
Net Interest Margin3.27%3.27%3.23%3.06%3.12%-15 bps
Efficiency Ratio79.29%79.18%78.07%83.83%81.05%+176 bps
Non-Interest Burden2.43%2.42%2.35%2.44%2.38%-5 bps
Growth
Asset Growth (YoY)0.18%0.16%1.51%2.14%2.42%+224 bps
Loan Growth (YoY)5.81%6.06%3.28%0.55%-0.47%-628 bps
Deposit Growth (YoY)-1.67%-0.56%-1.82%-0.65%0.30%+197 bps
Asset Quality
Nonperforming Loans / Loans0.24%0.27%0.22%0.16%0.22%-1 bps
Net Charge-Offs / Loans0.09%0.09%0.09%0.03%0.02%-8 bps
Allowance / Loans0.68%0.68%0.68%0.68%0.68%-1 bps
Allowance Coverage of NPLs2.9x2.5x3.2x4.3x3.0x+0.1x
Capital
Tier 1 Leverage Ratio10.52%10.73%10.94%10.72%10.91%+38 bps
Total Risk-Based Capital15.31%15.75%16.02%14.88%15.06%-24 bps
Equity / Assets10.46%10.63%10.73%10.66%10.99%+53 bps
Liquidity & Funding
Loans / Deposits92.32%92.02%89.67%90.41%91.60%-71 bps
Liquid Assets / Assets0.28%0.95%1.69%1.27%1.78%+150 bps
CRE / Total Capitaln/an/an/an/an/an/an/a