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Hertford Savings Bank, SSB

Hertford, NC · Cert 31345

SI · FDIC · 1 branch

Q2 2026

$20.7MAssets
$14.6MLoans
$18.5MDeposits
$2.2MEquity
Loan mix
98%RE $13.7M0%C&I $0.0M2%Consumer $0.2MQ3 2024Q2 2026
Deposit mix
92%Interest-bearing $17.0M8%Noninterest $1.5MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of -0.12%, down 16 bps year over year; NIM at 2.67%.
  • Asset quality: problem loans at 0.22% of loans (+22 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.64%, down 164 bps from a year ago.
  • Funding: loans stand at 79.22% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

-0.12%-16 bps YoY

Net Interest Margin (YTD, annualized)

2.67%-6 bps YoY

Efficiency Ratio (YTD, annualized)

102.14%+95 bps YoY

Tier 1 Leverage Ratio

10.64%-164 bps YoY

NIM

5.02%Q2 ’245.05%Q2 ’254.91%Q2 ’26-4%-2%

Non-interest income vs. expense

3.15%Q2 ’242.80%Q2 ’252.77%Q2 ’26-10%-1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.56%-0.54%0.02%0.04%10.01%1-0.08%-0.30%-0.12%-16 bps
Return on Equity-4.33%-4.19%0.18%0.36%0.12%-0.68%-2.72%-1.09%-145 bps
Net Interest Margin2.71%2.76%2.93%2.73%2.68%2.60%2.63%2.67%-6 bps
Efficiency Ratio114.01%113.85%93.02%101.20%101.30%103.86%103.65%102.14%+95 bps
Non-Interest Burden3.07%3.13%2.70%2.77%2.71%2.71%2.73%2.73%-4 bps
Growth
Asset Growth (YoY)9.73%4.32%-0.79%3.93%6.06%12.32%15.58%11.99%+806 bps
Loan Growth (YoY)7.94%11.29%8.19%3.52%2.16%1.14%4.27%10.72%+720 bps
Deposit Growth (YoY)12.18%5.99%-0.54%4.81%7.01%14.14%18.04%13.89%+908 bps
Asset Quality
Nonperforming Loans / Loans0.26%0.00%0.26%0.00%0.00%0.24%0.24%0.22%+22 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.14%0.09%0.07%0.00%0.00%-14 bps
Allowance / Loans0.95%0.95%1.01%0.97%1.01%1.00%0.97%0.92%-5 bps
Allowance Coverage of NPLs3.6xn/a4.0xn/an/a4.1x4.1x4.2xn/a
Capital
Tier 1 Leverage Ratio11.97%12.31%12.12%12.28%11.78%11.22%10.78%10.64%-164 bps
Total Risk-Based Capital11.97%12.31%12.12%12.28%11.78%11.22%10.78%10.64%-164 bps
Equity / Assets12.39%12.80%12.60%12.06%11.64%11.37%10.76%10.63%-144 bps
Liquidity & Funding
Loans / Deposits83.04%88.69%86.36%81.48%79.28%78.59%76.28%79.22%-226 bps
Liquid Assets / Assets24.48%20.44%20.35%24.12%25.23%25.42%27.84%25.41%+129 bps
CRE / Total Capitaln/an/an/an/a77.41%77.56%91.44%n/an/a