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Hearthside Bank Corporation

Middlesboro, KY · Cert 31236 · HFB Financial Corp.

State charter, non-member · FDIC · 8 branches

Q2 2026

$608.9MAssets
$456.9MLoans
$547.9MDeposits
$55.0MEquity
Loan mix
92%RE $417.3M4%C&I $20.2M3%Consumer $14.5MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $462.7M16%Noninterest $85.2MQ2 2025Q2 2026

NIM

5.00%Q2 ’245.20%Q2 ’255.43%Q2 ’26+14%+10%

Non-interest income vs. expense

3.03%Q2 ’243.17%Q2 ’253.10%Q2 ’26-4%+6%

Market Position · Knoxville, TN · 2026 SOD (annual) · 0.2% share · #35 of 42 inst. · $0.1B of $26.6B

41.3% Harlan
12.9% Claiborne
40.5% Bell
5.9% Campbell

Executive Summary

  • Earnings: ROA of 0.91%, up 10 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.32% of loans (+15 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.07%, up 10 bps from a year ago.
  • Funding: loans stand at 83.39% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.91%+10 bps YoY

Net Interest Margin (quarter, annualized)

3.67%+35 bps YoY

Efficiency Ratio (quarter, annualized)

70.69%-381 bps YoY

Tier 1 Leverage Ratio

10.07%+10 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.81%0.88%0.98%0.80%0.91%+10 bps
Return on Equity9.52%10.20%10.92%8.73%10.09%+57 bps
Net Interest Margin3.32%3.41%3.40%3.56%3.67%+35 bps
Efficiency Ratio74.50%68.27%70.26%73.78%70.69%-381 bps
Non-Interest Burden2.24%2.10%2.19%2.44%2.38%+14 bps
Growth
Asset Growth (YoY)4.44%6.62%1.73%4.14%8.20%+375 bps
Loan Growth (YoY)4.66%3.66%0.70%4.00%6.36%+169 bps
Deposit Growth (YoY)5.94%8.32%5.58%6.28%9.75%+380 bps
Asset Quality
Nonperforming Loans / Loans0.17%0.25%0.27%0.30%0.32%+15 bps
Net Charge-Offs / Loans0.01%0.01%0.03%-0.01%-0.01%-3 bps
Allowance / Loans1.19%1.20%1.22%1.21%1.24%+5 bps
Allowance Coverage of NPLs7.0x4.8x4.5x4.1x3.9x-3.1x
Capital
Tier 1 Leverage Ratio9.97%9.88%9.93%10.05%10.07%+10 bps
Total Risk-Based Capital15.27%15.15%15.50%15.20%15.52%+25 bps
Equity / Assets8.68%8.67%9.26%8.99%9.03%+35 bps
Liquidity & Funding
Loans / Deposits86.05%84.54%85.34%85.53%83.39%-266 bps
Liquid Assets / Assets2.58%4.41%1.77%1.74%3.75%+116 bps
CRE / Total Capitaln/a278%258%271%n/an/a