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Heartland National Bank

Sebring, FL · Cert 35052

FDIC · 4 branches

Q2 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2025, the quarter ended June 30, 2025, 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 operating in a single state (n=870 to 877). 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

75

Q2 2024Q2 2025peer median (50)

Asset Quality

70

Q2 2024Q2 2025peer median (50)

Profitability

66

Q2 2024Q2 2025peer median (50)

Liquidity

0

Q2 2024Q2 2025peer median

Efficiency

97

Q2 2024Q2 2025peer 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 National Bank

Sebring, FL · Cert 35052

FDIC · 4 branches

Q2 2025

$784.6MAssets
$156.3MLoans
$685.3MDeposits
$71.8MEquity
Loan mix
90%RE $108.9M8%C&I $9.1M3%Consumer $3.2MQ2 2024Q2 2025
Deposit mix
75%Interest-bearing $514.6M25%Noninterest $170.7MQ2 2024Q2 2025

NIM

4.33%Q2 ’234.75%Q2 ’244.54%Q2 ’25-4%-7%

Non-interest income vs. expense

1.30%Q2 ’231.36%Q2 ’241.35%Q2 ’25+8%-3%

Market Position · Sebring, FL · 2025 SOD (annual) · 29.7% share · #1 of 8 inst. · $0.7B of $2.3B

Executive Summary

  • Earnings: ROA of 1.51%, down 15 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.12% of loans (-10 bps YoY), with net recoveries of 0.13%.
  • Capital: tier 1 leverage ratio of 9.78%, up 65 bps from a year ago.
  • Funding: loans stand at 22.81% of deposits as of Q2 2025.

Financial Results

Return on Assets (YTD, annualized)

1.51%-15 bps YoY

Net Interest Margin (YTD, annualized)

3.09%-25 bps YoY

Efficiency Ratio (YTD, annualized)

40.44%+194 bps YoY

Tier 1 Leverage Ratio

9.78%+65 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2024Q3 2024Q4 2024Q1 2025Q2 2025YoY ΔTrend
Earnings
Return on Assets1.66%1.63%1.64%1.48%1.51%-15 bps
Return on Equity21.17%20.15%19.82%16.47%16.67%-450 bps
Net Interest Margin3.33%3.32%3.25%3.20%3.09%-25 bps
Efficiency Ratio38.50%39.01%38.27%42.02%40.44%+194 bps
Non-Interest Burden1.12%1.13%1.08%1.18%1.08%-3 bps
Growth
Asset Growth (YoY)-5.15%1.31%2.97%6.62%9.99%+1,514 bps
Loan Growth (YoY)2.04%1.42%4.39%1.44%0.62%-142 bps
Deposit Growth (YoY)-8.53%-2.02%0.00%4.28%9.18%+1,771 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.33%0.20%0.20%0.12%-10 bps
Net Charge-Offs / Loans-0.03%-0.02%-0.01%-0.20%-0.13%-11 bps
Allowance / Loans1.58%1.59%1.55%1.65%1.70%+12 bps
Allowance Coverage of NPLs7.1x4.8x7.8x8.4x14.4x+7.3x
Capital
Tier 1 Leverage Ratio9.13%9.52%9.51%9.74%9.78%+65 bps
Total Risk-Based Capital27.50%28.92%28.71%30.01%31.20%+371 bps
Equity / Assets8.30%8.94%8.89%9.06%9.15%+85 bps
Liquidity & Funding
Loans / Deposits24.75%24.42%25.13%23.86%22.81%-194 bps
Liquid Assets / Assets24.30%24.44%24.17%27.90%31.05%+675 bps
CRE / Total Capitaln/an/an/an/an/an/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 National Bank

Sebring, FL · Cert 35052 · Peer group: banks under $1B in assets operating in a single state (n=870-877)

FDIC · 4 branches

Q2 2025

$784.6MAssets
$156.3MLoans
$685.3MDeposits
$71.8MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 97% of banks under $1B in assets operating in a single state (rank 24 of 877).
  • Widest gap: net interest margin trails 70% of banks under $1B in assets operating in a single state (rank 611 of 877).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.46%

Rank 165 of 877

Net Interest Margin

3.09%

Rank 611 of 877

Efficiency Ratio

40.44%

Rank 24 of 877

Equity / Assets

9.15%

Rank 555 of 877

Non-interest income vs. expense

$2.0M$10.4MINCOMEEXPENSE
Unfavorable gap of $8.3M · efficiency ratio beats 97% of banks under $1B in assets operating in a single state
Bank 40.44%Peer median 68.1%Q3 2024Q2 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.46%0.59%0.91%1.33%Beats 81%165 / 877
Return on Equity15.97%5.70%9.44%12.92%Beats 88%104 / 875
Net Interest Margin3.09%2.93%3.45%4.01%Beats 30%611 / 877
Efficiency Ratio40.44%58.83%68.07%78.03%Beats 97%24 / 877
Asset Quality
Nonperforming Loans / Loans0.12%0.06%0.40%1.05%Beats 70%261 / 870
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 70%268 / 870
Capital
Tier 1 Capital Ratio30.05%11.42%13.82%17.56%Beats 94%49 / 877
Total Risk-Based Capital Ratio31.20%11.77%14.35%18.30%Beats 94%49 / 877
Equity / Assets9.15%8.27%10.06%12.60%Beats 37%555 / 877
Liquidity & Funding
Loans / Deposits22.81%61.05%77.58%89.60%1st pctl864 / 877
Loans / Assets19.92%53.01%66.67%76.13%1st pctl861 / 870
Brokered Deposits / Depositsn/aNot reported for this institution