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Heartland State Bank

Edgeley, ND · Cert 3919 · JBS Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

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 2026, the quarter ended June 30, 2026, 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=743 to 746). 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

12

Q2 2024Q2 2026peer median (50)

Asset Quality

27

Q2 2024Q2 2026peer median (50)

Profitability

15

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

20

Q2 2024Q2 2026peer 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 State Bank

Edgeley, ND · Cert 3919 · JBS Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$75.6MAssets
$29.4MLoans
$68.3MDeposits
$6.8MEquity
Loan mix
76%RE $13.6M12%C&I $2.1M12%Consumer $2.2MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $47.7M30%Noninterest $20.6MQ2 2025Q2 2026

NIM

5.29%Q2 ’244.78%Q2 ’254.18%Q2 ’26-14%-13%

Non-interest income vs. expense

3.19%Q2 ’242.59%Q2 ’252.27%Q2 ’26-19%-13%

Executive Summary

  • Earnings: ROA of 0.53%, down 7 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 3.36% of loans (+60 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 9.75%, down 75 bps from a year ago.
  • Funding: loans stand at 43.10% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.53%-7 bps YoY

Net Interest Margin (YTD, annualized)

2.69%-41 bps YoY

Efficiency Ratio (YTD, annualized)

78.40%+65 bps YoY

Tier 1 Leverage Ratio

9.75%-75 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.60%0.62%0.64%0.36%0.53%-7 bps
Return on Equity6.77%6.88%7.01%4.07%5.95%-82 bps
Net Interest Margin3.10%3.15%3.14%2.66%2.69%-41 bps
Efficiency Ratio77.74%76.56%76.29%82.35%78.40%+65 bps
Non-Interest Burden2.36%2.36%2.34%2.15%2.06%-30 bps
Growth
Asset Growth (YoY)11.00%9.22%13.22%10.25%6.36%-464 bps
Loan Growth (YoY)-4.67%-15.03%-14.21%-14.39%-13.13%-846 bps
Deposit Growth (YoY)11.29%10.18%14.43%10.39%6.41%-488 bps
Asset Quality
Nonperforming Loans / Loans2.76%3.22%3.01%3.46%3.36%+60 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.04%0.02%+2 bps
Allowance / Loans1.33%1.38%1.32%1.53%1.52%+19 bps
Allowance Coverage of NPLs0.5x0.4x0.4x0.4x0.5x0.0x
Capital
Tier 1 Leverage Ratio10.50%10.82%10.40%9.86%9.75%-75 bps
Total Risk-Based Capital10.50%10.82%10.40%9.86%9.75%-75 bps
Equity / Assets9.02%9.64%9.11%8.59%9.05%+3 bps
Liquidity & Funding
Loans / Deposits52.79%52.56%52.32%41.48%43.10%-969 bps
Liquid Assets / Assets12.86%11.92%10.96%24.68%20.29%+743 bps
CRE / Total Capitaln/a28.53%28.96%28.27%n/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 State Bank

Edgeley, ND · Cert 3919 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · JBS Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$75.6MAssets
$29.4MLoans
$68.3MDeposits
$6.8MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 49% of banks under $1B in assets operating in a single state (rank 382 of 743).
  • Widest gap: total risk-based capital ratio trails 96% of banks under $1B in assets operating in a single state (rank 713 of 746).
  • Overall: at or above the peer median on 0 of 9 directional measures.

Return on Assets

0.53%

Rank 626 of 746

Net Interest Margin

2.69%

Rank 680 of 746

Efficiency Ratio

78.40%

Rank 595 of 746

Equity / Assets

9.05%

Rank 544 of 746

Non-interest income vs. expense

$0.2M$1.8MINCOMEEXPENSE
Unfavorable gap of $1.6M · efficiency ratio beats 20% of banks under $1B in assets operating in a single state
Bank 78.40%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.53%0.72%1.06%1.45%Beats 16%626 / 746
Return on Equity5.83%6.74%10.51%13.63%Beats 21%589 / 746
Net Interest Margin2.69%3.17%3.68%4.16%Beats 9%680 / 746
Efficiency Ratio78.40%55.74%64.58%75.47%Beats 20%595 / 746
Asset Quality
Nonperforming Loans / Loans3.36%0.09%0.42%1.07%Beats 5%710 / 743
Net Charge-Offs / Loans0.01%0.00%0.01%0.05%Beats 49%382 / 743
Capital
Tier 1 Capital Ratio9.75%11.55%13.75%17.60%Beats 5%712 / 746
Total Risk-Based Capital Ratio9.75%11.71%14.33%18.43%Beats 4%713 / 746
Equity / Assets9.05%8.90%10.51%13.06%Beats 27%544 / 746
Liquidity & Funding
Loans / Deposits43.10%61.31%78.27%90.78%6th pctl699 / 746
Loans / Assets38.90%53.60%66.97%76.08%8th pctl688 / 746
Brokered Deposits / Depositsn/aNot reported for this institution